Active BE 0875.154.982Public limited company

SANDHILL

Livornostraat 7 ·1060 Sint-Gillis (bij-Brussel), Belgium· 21 yrs active

Sector: Handel in eigen onroerend goed (68110)

Conclusion Checked

The KBO register records legal situation 050 for SANDHILL (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show negative equity (€-5k) and a net result of €-6k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-5k
Net result	€-6k
Better than sector	13%
Active	21 yrs

Financial profile 5 of 5 axes measured · computed by Checked

45 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 67

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 27-06-2023 with the NBB · fiscal year 2022 · micro

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-7.4%	20.1%	better than 13% of 3227 sector peers
Net result	€-6k	€1k	better than 32% of 3217 sector peers
Equity	€-5k	€26k	better than 19% of 3230 sector peers
Gross operating margin	€-5k	€21k	better than 15% of 3210 sector peers
Total assets	€64k	€251k	better than 23% of 3228 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€-6k

+26.8% 18-22

Total assets

€64k

+1.7% 18-22

Equity

€-5k

- 18-22

Working capital

€36k

-14.1% 18-22

Income taxes

€11

+2447.7% 18-22

Debt

€28k

+35.3% 18-22

Debt ≤ 1y

€28k

+33.3% 18-22

Current ratio

2.29

-23.7% 18-22

Show 5 other metrics

Quick ratio

2.29

-23.7% 18-22

Solvency

-7.4%

- 18-22

Debt / equity

-6.03

- 18-22

ROE

134.5%

- 18-22

ROA

-9.9%

+28.0% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro
Revenue	-
EBITDA	-
Net profit	€-6k
Cash flow	-
Staff costs	-
Income taxes	€11
Dividends	-
Total assets	€64k
Equity	€-5k
Debt	€28k
of which ≤ 1y	€28k
of which > 1y	-
Working capital	€36k
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	2.29
Quick ratio	2.29
Working capital ratio	56.3%
Solvency	-7.4%
Debt / equity	-6.03
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-9.9%
ROE	134.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€64k
Current assets	29/58	€64k
Amounts receivable within one year	40/41	€42k
Investments	50/53	€10k
Cash & bank	54/58	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€64k
Equity	10/15	€-5k
Contributions / capital	10/11	€63k
Reserves	13	€6k
Accumulated profits (losses)	14	€-73k
Provisions & deferred taxes	16	€40k
Amounts payable	17/49	€28k
Amounts payable within one year	42/48	€28k
Trade debts payable within one year	44	€14k
Income statement
Gross operating margin	9900	€-5k
Operating result	9901	€-6k
Financial income	75	€37
Financial charges	65	€605
Result before taxes	9903	€-6k
Income taxes	67/77	€11
Net result for the period	9904	€-6k
Result to be appropriated	9905	€-6k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Handel in eigen onroerend goed(68110)
Legal form	Public limited company(014)
Incorporation	18-07-2005
Status	Active
Postal code	1060

Establishment units 1 location

SANDHILL

Livornostraat 7, 1060 Sint-Gillis (bij-Brussel)Handel in onroerend goed

since 20052.242.380.969

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21013B0040/00C021	Brussels	4,310 m²	1 · 692 m²	28.8 m · 8 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

27-06-2023