SANAA
ActiveSummary
The computed 12-month bankruptcy probability of SANAA is 1.6% (moderate). The 2025 annual accounts show negative equity (€-12k) and a net result of €1k. Equity is shrinking by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 260 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
42
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+71
Solvency9▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.81 in 2024; short-term debt: 115.7% and cash: 16.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five 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 61
Relative position
BE, all sectors
reference
Sector 61
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-15.7%
Return on assets
1.5%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 260 sector peers (2025).
NBB · sector comparisonPosition among 260 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
49 d late
2024
60 d late
2023
57 d late
2022
36 d late
2021
58 d late
2020
11 d late
2019
56 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-12k▲ 8.8%
2024 · €-13k
2018: €61k
2019: €46k
2020: €44k
2021: €45k
2022: €40k
2023: €38k
2024: €-13k
2018 → 2025
Total assets
€76k▼ 3.8%
2024 · €79k
2018: €105k
2019: €102k
2020: €99k
2021: €133k
2022: €98k
2023: €112k
2024: €79k
2018 → 2025
Net result
€1k
2024 · €-51k
2018: €-1k
2019: €-15k
2020: €-2k
2021: €927
2022: €-4k
2023: €-2k
2024: €-51k
2018 → 2025
Working capital
€-15k▲ 13.9%
2024 · €-18k
2018: €55k
2019: €42k
2020: €37k
2021: €39k
2022: €34k
2023: €33k
2024: €-18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€45k-€40k▼ 9.7%€38k▼ 5.5%€-13k€-12k▲ 8.8%
Operating result€2k-€-4k€-78▲ 97.9%€-51k▼ 65,597%€1k
Net result€927-€-4k€-2k▲ 49.0%€-51k▼ 2,231%€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1k after a loss of €51k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€3k ▼ 28.9%
Current assets
€73k ▼ 2.3%
Key figures and ratios
EBITDA
€3k▲
2024 · €-50k
Cash flow
€2k▲
2024 · €-50k
Solvency
-15.7%▲
2024 · -16.6%
Current ratio
0.83▲
2024 · 0.81
Quick ratio
0.16▲
2024 · 0.13
Debt to equity
-7.36▼
2024 · -7.03
ROA
1.5%▲
2024 · -64.6%
Interest coverage
25.90▲
2024 · -633.44
Debt
€89k▼
2024 · €93k
Debt ≤ 1 year
€89k▼
2024 · €93k
Income taxes
€152▲
2024 · €-9
Staff costs
€77k▲
2024 · €58k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€79k€76k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€4k€3k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€727€379▼
Financial fixed assets28€60€60=
Current assets29/58€75k€73k▼
Stocks and contracts in progress3€63k€59k▼
Stocks30/36€63k€59k▼
Amounts receivable within one year40/41€7k€1k▼
Trade receivables40€1k-
Other amounts receivable41€6k€1k▼
Cash at bank and in hand54/58€4k€12k▲
Deferred charges and accrued income490/1€699€821▲
Equity and liabilities
Total equity and liabilities10/49€79k€76k▼
Equity10/15€-13k€-12k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133-€2k
Profit (loss) carried forward14€-34k€-32k▲
Amounts payable17/49€93k€89k▼
Amounts payable within one year42/48€93k€89k▼
Trade debts44€17k€2k▼
Suppliers440/4€17k€2k▼
Taxes, remuneration and social security45€45k€55k▲
Taxes450/3€19k€18k▼
Remuneration and social security454/9€26k€37k▲
Other amounts payable47/48€31k€31k▲
Income statement
Code20242025
Remuneration, social security and pensions62€58k€77k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€10k€82k▲
Operating profit (loss)9901€-51k€1k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€79€105▲
Recurring financial charges65€79€105▲
Profit (loss) for the period before taxes9903€-51k€1k▲
Income taxes67/77€-9€152▲
Profit (loss) for the period9904€-51k€1k▲
Profit (loss) for the period to be appropriated9905€-51k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-32k▲
Profit (loss) brought forward from the previous period14P€18k€-34k▼
The notes to these accounts (5 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
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Back to profitnet €927
Net result €927 after 3 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 119 days late
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 127 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Menen · 1 establishment unit since 2014
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.
Moeskroenstraat 1368930 MenenGround area
96 m²
Building footprint
104 m²
Volume, LiDAR
627 m³
Parcel 34027D0146/00G020, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SANAAA SPRL
since 20142.239.075.051
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027D0146/00G020 | Flanders | 96 m² | 1 · 104 m² | 11.1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMenen2.239.075.051
Similar companies · same sector, comparable size
Prosynco
BE 0776.756.105
Antwerpen · Eq €38,329
BOUTITInet
BE 0805.749.207
Liège · Eq €38,352
YAS TELECOM
BE 0864.607.223
Verviers · Eq €37,886
Unitax en Partners
BE 0426.886.706
Kortenberg · Eq €37,627
SAARR
BE 0540.789.648
Schaarbeek · Eq €37,485
Of 1,376 companies in sector 61100 we hold annual accounts for 586. 381 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47260Retail trade
61100Wired, wireless and satellite telecommunications
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.