X-SANATEC
ActiveX-SANATEC has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €478k and a net result of €32k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 59% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-5
Solvency79▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 2.33 in 2024; short-term debt: 46.3% and cash: 56.5% of total assets), and 46.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.7%
Return on assets
3.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
34 d early
2023
6 d early
2022
3 d early
2021
32 d early
2020
1 d early
2019
19 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32k▼ 47.1%
2024 · €61k
2018: €61k
2019: €96k
2020: €100k
2021: €118k
2022: €101k
2023: €102k
2024: €61k
2018 → 2025
Working capital
€475k▲ 2.4%
2024 · €464k
2018: €392k
2019: €426k
2020: €489k
2021: €538k
2022: €366k
2023: €421k
2024: €464k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€542k-€378k▼ 30.2%€435k▲ 15.0%€471k▲ 8.2%€478k▲ 1.5%
Operating result€140k-€123k▼ 12.2%€125k▲ 1.3%€77k▼ 38.1%€39k▼ 49.3%
Net result€118k-€101k▼ 14.1%€102k▲ 0.2%€61k▼ 40.1%€32k▼ 47.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 49% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €890k
Fixed assets
€3k▼ 59.7%
Current assets
€887k▲ 9.2%
Equity and liabilities €890k
Equity
€478k▲ 1.5%
Debt
€412k▲ 18.2%
The debt ratio rises from 42.6% to 46.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▼
2024 · €84k
Cash flow
€35k▼
2024 · €67k
Solvency
53.7%▼
2024 · 57.4%
Current ratio
2.15▼
2024 · 2.33
Quick ratio
1.75▼
2024 · 1.80
Debt / equity
0.86▲
2024 · 0.74
ROE
6.7%▼
2024 · 12.9%
ROA
3.6%▼
2024 · 7.4%
Interest coverage
10.69▼
2024 · 27.71
Debt
€412k▲
2024 · €349k
Debt ≤ 1 year
€412k▲
2024 · €348k
Income taxes
€6k▼
2024 · €14k
Staff costs
€60k▲
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€820k€890k▲
Fixed assets21/28€7k€3k▼
Tangible fixed assets22/27€7k€3k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€2k€450▼
Current assets29/58€813k€887k▲
Stocks and contracts in progress3€185k€168k▼
Stocks30/36€185k€168k▼
Amounts receivable within one year40/41€351k€212k▼
Trade receivables40€327k€175k▼
Other amounts receivable41€24k€37k▲
Cash at bank and in hand54/58€273k€503k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€820k€890k▲
Equity10/15€471k€478k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€409k€416k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€403k€410k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€349k€412k▲
Amounts payable within one year42/48€348k€412k▲
Trade debts44€300k€282k▼
Suppliers440/4€300k€282k▼
Taxes, remuneration and social security45€24k€13k▼
Taxes450/3€17k€6k▼
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€25k€118k▲
Accrued charges and deferred income492/3€276€0▼
Income statement
Code20242025
Non-recurring operating income76A-€9k
Remuneration, social security and pensions62€55k€60k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€3k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€141k€104k▼
Operating profit (loss)9901€77k€39k▼
Financial income75/76B€647€3k▲
Recurring financial income75€647€3k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€75k€38k▼
Income taxes67/77€14k€6k▼
Profit (loss) for the period9904€61k€32k▼
Profit (loss) for the period to be appropriated9905€61k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€32k▼
Transfer to equity691/2€36k€7k▼
To other reserves6921€36k€7k▼
Profit to be distributed694/7€25k€25k=
Directors or managers695€25k€25k=
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €32k ▼47.1%
Net result drops to €32k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €118k ▲17.9%
Operating result €140k, net result €118k, both a record.
31-12
Financial
Equity above €500kEq €542k ▲10.9%
4 profitable years in a row build equity to €542k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 19 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Horizonlaan 363600 GenkGround area
5,410 m²
Building footprint
2,856 m²
Volume, LiDAR
18,033 m³
Parcel 71302A0032/00T034, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Horizonlaan 36, 3600 Genk
since 20012.131.871.542
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00T034 | Flanders | 5,410 m² | 1 · 2,856 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TOPOLASER
BE 0451.437.505
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TREND OPTICAL
BE 0462.756.217
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Filmobel
BE 0408.058.709
Wetteren · Eq €491k
OPTIEK PHILIPPE PEETERS
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GASPART FINANCE
BE 0871.151.159
Rixensart · Eq €495k
Of 250 companies in sector 46432 we hold annual accounts for 171. 121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-11-2001
Fiscal year end31-12
Activities, NACEBEL
46432Wholesale trade
46460Wholesale of pharmaceutical and medical goods
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.