SAN GLOBAL
ActiveSummary
SAN GLOBAL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €7k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+8
Solvency69▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.95 in 2024; short-term debt: 56.1% and cash: 14.8% of total assets), and 56.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
43.9%
Return on assets
7.6%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
56 d early
2023
43 d early
2022
53 d early
2021
51 d early
2020
52 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 20.9%
2024 · €34k
2018: €26klowest in 8 years
2019: €27k▲ +3.4% vs 2018
2020: €29k▲ +8.0% vs 2019
2021: €30k▲ +4.6% vs 2020
2022: €35k▲ +15.1% vs 2021
2023: €33k▼ -4.5% vs 2022
2024: €34k▲ +2.7% vs 2023
2025: €41k▲ +20.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€94k▲ 40.1%
2024 · €67k
2018: €49k
2019: €39k▼ -20.4% vs 2018lowest in 8 years
2020: €48k▲ +24.2% vs 2019
2021: €48k▲ +0.5% vs 2020
2022: €58k▲ +19.9% vs 2021
2023: €57k▼ -2.5% vs 2022
2024: €67k▲ +18.8% vs 2023
2025: €94k▲ +40.1% vs 2024highest in 8 years
2018 → 2025
Net result
€7k▲ 710%
2024 · €886
2018: €1k
2019: €889▼ -21.0% vs 2018
2020: €3k▲ +210% vs 2019
2021: €1k▼ -51.9% vs 2020
2022: €5k▲ +246% vs 2021
2023: €-2k▼ -134% vs 2022lowest in 8 years
2024: €886▲ +157% vs 2023
2025: €7k▲ +710% vs 2024highest in 8 years
2018 → 2025
Working capital
€18k▼ 42.6%
2024 · €31k
2018: €24k
2019: €27k▲ +10.3% vs 2018
2020: €29k▲ +8.1% vs 2019
2021: €30k▲ +4.6% vs 2020
2022: €29k▼ -3.9% vs 2021
2023: €29k▲ +1.6% vs 2022
2024: €31k▲ +6.7% vs 2023highest in 8 years
2025: €18k▼ -42.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€35k▲ 15.1%€33k▼ 4.5%€34k▲ 2.7%€41k▲ 20.9%
2021: €30klowest in 5 years
2022: €35k▲ +15.1% vs 2021
2023: €33k▼ -4.5% vs 2022
2024: €34k▲ +2.7% vs 2023
2025: €41k▲ +20.9% vs 2024highest in 5 years
Operating result€4k-€7k▲ 92.1%€389▼ 94.4%€3k▲ 769%€11k▲ 239%
2021: €4k
2022: €7k▲ +92.1% vs 2021
2023: €389▼ -94.4% vs 2022lowest in 5 years
2024: €3k▲ +769% vs 2023
2025: €11k▲ +239% vs 2024highest in 5 years
Net result€1k-€5k▲ 246%€-2k€886€7k▲ 710%
2021: €1k
2022: €5k▲ +246% vs 2021
2023: €-2k▼ -134% vs 2022lowest in 5 years
2024: €886▲ +157% vs 2023
2025: €7k▲ +710% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 239% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94k
Fixed assets
€23k ▲ 678%
Current assets
€71k ▲ 10.2%
Equity and liabilities €94k
Equity
€41k ▲ 20.9%
Debt
€53k ▲ 60.1%
Debt's share of the balance-sheet total rises from 49.1% to 56.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €6k
Cash flow
€12k▲
2024 · €3k
Current ratio
1.34▼
2024 · 1.95
Quick ratio
1.32▼
2024 · 1.92
Debt to equity
1.28▲
2024 · 0.96
ROE
17.3%▲
2024 · 2.6%
ROA
7.6%▲
2024 · 1.3%
Interest coverage
19.63▼
2024 · 34.48
Debt ≤ 1 year
€53k▲
2024 · €33k
Income taxes
€4k▲
2024 · €2k
Staff costs
€27k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€67k€94k▲
Fixed assets21/28€3k€23k▲
Tangible fixed assets22/27€3k€23k▲
Plant, machinery and equipment23€1k€963▼
Furniture and vehicles24€1k€22k▲
Financial fixed assets28€365€365=
Current assets29/58€64k€71k▲
Stocks and contracts in progress3€935€935=
Stocks30/36€935€935=
Amounts receivable within one year40/41€51k€56k▲
Trade receivables40€42k€45k▲
Other amounts receivable41€10k€11k▲
Cash at bank and in hand54/58€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€67k€94k▲
Equity10/15€34k€41k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€13k€20k▲
Amounts payable17/49€33k€53k▲
Amounts payable within one year42/48€33k€53k▲
Trade debts44€27k€47k▲
Suppliers440/4€27k€47k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€3k-
Income statement
Code20242025
Remuneration, social security and pensions62€15k€27k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€1k€547▼
Gross operating margin9900€22k€44k▲
Operating profit (loss)9901€3k€11k▲
Financial income75/76B€4€116▲
Recurring financial income75€4€116▲
Financial charges65/66B€170€826▲
Recurring financial charges65€170€826▲
Profit (loss) for the period before taxes9903€3k€11k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€886€7k▲
Profit (loss) for the period to be appropriated9905€886€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€20k▲
Profit (loss) brought forward from the previous period14P€12k€13k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €15k | €27k | ▲ 76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €295 | €2k | €2k | €5k | ▲ 91.8% |
| Other operating charges640/8 | €2k | €281 | €711 | €1k | €547 | ▼ 48.5% |
| Gross operating margin9900 | €5k | €8k | €3k | €22k | €44k | ▲ 97.0% |
| Operating profit (loss)9901 | €4k | €7k | €389 | €3k | €11k | ▲ 239% |
| Financial income75/76B | €135 | €25 | €110 | €4 | €116 | ▲ 2,812% |
| Recurring financial income75 | €135 | €25 | €110 | €4 | €116 | ▲ 2,812% |
| Financial charges65/66B | €167 | €197 | €146 | €170 | €826 | ▲ 386% |
| Recurring financial charges65 | €167 | €197 | €146 | €170 | €826 | ▲ 386% |
| Profit (loss) for the period before taxes9903 | €4k | €7k | €353 | €3k | €11k | ▲ 234% |
| Income taxes67/77 | €2k | €2k | €2k | €2k | €4k | ▲ 53.1% |
| Profit (loss) for the period9904 | €1k | €5k | €-2k | €886 | €7k | ▲ 710% |
| Profit (loss) for the period to be appropriated9905 | €1k | €5k | €-2k | €886 | €7k | ▲ 710% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €58k | €57k | €67k | €94k | ▲ 40.1% |
| Fixed assets21/28 | €365 | €6k | €4k | €3k | €23k | ▲ 678% |
| Tangible fixed assets22/27 | - | €6k | €4k | €3k | €23k | ▲ 771% |
| Plant, machinery and equipment23 | - | €1k | €950 | €1k | €963 | ▼ 30.7% |
| Furniture and vehicles24 | - | €4k | €3k | €1k | €22k | ▲ 1,650% |
| Financial fixed assets28 | €365 | €365 | €365 | €365 | €365 | = |
| Current assets29/58 | €48k | €52k | €53k | €64k | €71k | ▲ 10.2% |
| Stocks and contracts in progress3 | €17k | €9k | €9k | €935 | €935 | = |
| Stocks30/36 | €17k | €9k | €9k | €935 | €935 | = |
| Amounts receivable within one year40/41 | €18k | €20k | €38k | €51k | €56k | ▲ 8.9% |
| Trade receivables40 | €13k | €15k | €30k | €42k | €45k | ▲ 7.0% |
| Other amounts receivable41 | €5k | €5k | €8k | €10k | €11k | ▲ 17.4% |
| Cash at bank and in hand54/58 | €13k | €22k | €6k | €12k | €14k | ▲ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €58k | €57k | €67k | €94k | ▲ 40.1% |
| Equity10/15 | €30k | €35k | €33k | €34k | €41k | ▲ 20.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €9k | €14k | €12k | €13k | €20k | ▲ 55.7% |
| Amounts payable17/49 | €18k | €23k | €23k | €33k | €53k | ▲ 60.1% |
| Amounts payable within one year42/48 | €18k | €23k | €23k | €33k | €53k | ▲ 60.1% |
| Trade debts44 | €11k | €18k | €4k | €27k | €47k | ▲ 71.2% |
| Suppliers440/4 | €11k | €18k | €4k | €27k | €47k | ▲ 71.2% |
| Taxes, remuneration and social security45 | €3k | €2k | €4k | €2k | €6k | ▲ 153% |
| Taxes450/3 | €3k | €2k | €4k | €2k | €6k | ▲ 153% |
| Other amounts payable47/48 | €4k | €3k | €15k | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €5k | €-2k | €886 | €7k | ▲ 710% |
| + Depreciation and write-downs630 | - | €295 | €2k | €2k | €5k | ▲ 91.8% |
| Operating cash flow (approximation) | €1k | €5k | €458 | €3k | €12k | ▲ 254% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-1k | €-25k | ▼ 1,698% |
| Change in cash | - | €10k | €-16k | €6k | €2k | ▼ 68.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €7k ▲710%
Operating result €11k, net result €7k, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €886
Net result €886 after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Tielt-Winge · 1 establishment unit since 2014
Ground area
1.0 ha
Building footprint
634 m²
Volume, LiDAR
2,601 m³
2 parcels, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Interleuvenlaan 62, 3001 Leuven
since 20142.237.422.586
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0086/00N000 | Flanders | 9,445 m² | 1 · 412 m² | 7.3 m · 2 fl. |
| 24101C0130/00M000 | Flanders | 596 m² | 1 · 222 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
EZ Charge
BE 0674.663.902
Wavre · Eq €41,479
FILCARI CONSTRUCT
BE 0798.394.330
Vorst · Eq €41,348
Adam Golebiewski
BE 0776.833.012
Gent · Eq €41,337
LS-Lift
BE 1002.560.326
Ninove · Eq €41,293
JORDAENS MARC
BE 1002.145.107
Malle · Eq €41,254
Of 4,096 companies in sector 43240 we hold annual accounts for 1,633. 1,308 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43240Other construction installation
52210Service activities incidental to land transportation
Scores and ratios are computed by Checked and are not a credit decision.