Summary
Sanav is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €73k and a net result of €-13k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 56% of 8023 sector peers (fiscal year 2025). The company has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
21 d late
2023
28 d late
2022
35 d late
2021
31 d late
2020
68 d late
2019
70 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
€73k▼ 14.7%
2024 · €86k
2018: €32k
2019: €39k
2020: €29k
2021: €43k
2022: €49k
2023: €77k
2024: €86k
2018 → 2025
Net result
€-13k
2024 · €9k
2018: €10k
2019: €7k
2020: €-11k
2021: €10k
2022: €6k
2023: €36k
2024: €9k
2018 → 2025
Total assets
€126k▼ 2.5%
2024 · €129k
2018: €49k
2019: €63k
2020: €78k
2021: €82k
2022: €99k
2023: €128k
2024: €129k
2018 → 2025
Solvency
58.5%▼ 8.3pp
2024 · 66.8%
2018: 66.4%
2019: 62.9%
2020: 37.0%
2021: 52.0%
2022: 49.3%
2023: 60.1%
2024: 66.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€49k▲ 14.0%€77k▲ 58.7%€86k▲ 11.7%€73k▼ 14.7%
Operating result€7k-€7k▼ 4.6%€48k▲ 611%€3k▼ 94.2%€-14k
Net result€10k-€6k▼ 38.8%€36k▲ 504%€9k▼ 75.0%€-13k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126k
Fixed assets
€3k ▲ 30.9%
Current assets
€123k ▼ 3.1%
Equity and liabilities €126k
Equity
€73k ▼ 14.7%
Debt
€52k ▲ 22.0%
Debt's share of the balance-sheet total rises from 33.2% to 41.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-17.2%▼
2024 · 10.5%
ROA
-10.1%▼
2024 · 7.0%
Debt ≤ 1 year
€51k▲
2024 · €42k
Debt > 1 year
€944▲
2024 · €681
Income taxes
€169▲
2024 · €-2k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€129k€126k▼
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€323€2k▲
Furniture and vehicles24€2k€471▼
Financial fixed assets28€195€235▲
Current assets29/58€127k€123k▼
Amounts receivable within one year40/41€126k€123k▼
Trade receivables40€9k€10k▲
Other amounts receivable41€117k€113k▼
Deferred charges and accrued income490/1€1k€268▼
Equity and liabilities
Total equity and liabilities10/49€129k€126k▼
Equity10/15€86k€73k▼
Contributions10/11€108k€108k=
Reserves13€137k€137k=
Tax-exempt reserves132€0-
Distributable reserves133€137k€137k=
Profit (loss) carried forward14€-159k€-172k▼
Amounts payable17/49€43k€52k▲
Amounts payable after more than one year17€681€944▲
Financial debts170/4€681€944▲
Amounts payable within one year42/48€42k€51k▲
Current portion of amounts payable after more than one year42€6k€4k▼
Financial debts43€8k€14k▲
Credit institutions430/8€8k€14k▲
Trade debts44€8k€18k▲
Suppliers440/4€8k€18k▲
Taxes, remuneration and social security45€19k€16k▼
Taxes450/3€15k€6k▼
Remuneration and social security454/9€5k€9k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€132€0▼
Income statement
Code20242025
Non-recurring operating income76A€0€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€641
Gross operating margin9900€5k€-11k▼
Operating profit (loss)9901€3k€-14k▼
Financial income75/76B€7k€5k▼
Recurring financial income75€7k€5k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€7k€-12k▼
Income taxes67/77€-2k€169▲
Profit (loss) for the period9904€9k€-13k▼
Profit (loss) for the period to be appropriated9905€9k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-159k€-172k▼
Profit (loss) brought forward from the previous period14P€-168k€-159k▲
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (15 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €36k ▲504%
Operating result €48k, net result €36k, both a record.
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 120 days late
2018
05-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 66 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Harelbeke · 1 establishment unit since 1978
Ground area
355 m²
Building footprint
129 m²
Volume, LiDAR
723 m³
Parcel 34013A1291/00D007, Flanders · tallest building 11.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Gulden-Sporenstraat 46, 8530 Harelbeke
since 19782.015.766.304
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A1291/00D007 | Flanders | 355 m² | 1 · 129 m² | 11.8 m · 1 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.
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 11,533 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
Founded01-10-1978
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
69209Other tax advisory services
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 44 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sanavbvba@gmail.com