SANDRA
ActiveSummary
SANDRA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.70M and a net result of €1k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 71% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+11
Solvency83▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 6.46 against 6.11 in 2024; short-term debt: 3.8% and cash: 22.6% of total assets), and 42.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
57.6%
Return on assets
0%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
19 d late
2023
28 d late
2022
8 d early
2021
1 d late
2020
2 d early
2019
50 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.70M=
2024 · €2.70M
2019: €2.45Mlowest in 7 years
2020: €2.72M▲ +10.8% vs 2019
2021: €2.73M▲ +0.6% vs 2020
2022: €2.76M▲ +1.1% vs 2021highest in 7 years
2023: €2.74M▼ -0.9% vs 2022
2024: €2.70M▼ -1.4% vs 2023
2025: €2.70M● +0.0% vs 2024
2019 → 2025
Total assets
€4.69M▼ 3.4%
2024 · €4.85M
2019: €4.84M
2020: €5.12M▲ +5.7% vs 2019highest in 7 years
2021: €4.73M▼ -7.5% vs 2020
2022: €4.57M▼ -3.4% vs 2021lowest in 7 years
2023: €5.05M▲ +10.4% vs 2022
2024: €4.85M▼ -3.8% vs 2023
2025: €4.69M▼ -3.4% vs 2024
2019 → 2025
Net result
€1k
2024 · €-38k
2019: €20k
2020: €365k▲ +1748% vs 2019highest in 7 years
2021: €71k▼ -80.5% vs 2020
2022: €31k▼ -55.9% vs 2021
2023: €-25k▼ -179% vs 2022
2024: €-38k▼ -54.3% vs 2023lowest in 7 years
2025: €1k▲ +103% vs 2024
2019 → 2025
Working capital
€982k▲ 10.7%
2024 · €887k
2019: €-91klowest in 7 years
2020: €839k▲ +1026% vs 2019
2021: €925k▲ +10.2% vs 2020
2022: €891k▼ -3.7% vs 2021
2023: €833k▼ -6.4% vs 2022
2024: €887k▲ +6.5% vs 2023
2025: €982k▲ +10.7% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.73M-€2.76M▲ 1.1%€2.74M▼ 0.9%€2.70M▼ 1.4%€2.70M=
2021: €2.73M
2022: €2.76M▲ +1.1% vs 2021highest in 5 years
2023: €2.74M▼ -0.9% vs 2022
2024: €2.70M▼ -1.4% vs 2023lowest in 5 years
2025: €2.70M● +0.0% vs 2024
Operating result€76k-€39k▼ 48.4%€-25k€-19k▲ 25.0%€20k
2021: €76khighest in 5 years
2022: €39k▼ -48.4% vs 2021
2023: €-25k▼ -164% vs 2022lowest in 5 years
2024: €-19k▲ +25.0% vs 2023
2025: €20k▲ +204% vs 2024
Net result€71k-€31k▼ 55.9%€-25k€-38k▼ 54.3%€1k
2021: €71khighest in 5 years
2022: €31k▼ -55.9% vs 2021
2023: €-25k▼ -179% vs 2022
2024: €-38k▼ -54.3% vs 2023lowest in 5 years
2025: €1k▲ +103% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.69M
Fixed assets
€3.53M ▼ 7.0%
Current assets
€1.16M ▲ 9.6%
Equity and liabilities €4.69M
Equity
€2.70M =
Provisions
€479k ▼ 11.2%
Debt
€1.51M ▼ 6.5%
Debt's share of the balance-sheet total falls from 33.2% to 32.2%. Debt is lower.
Key figures and ratios
EBITDA
€295k▲
2024 · €260k
Cash flow
€276k▲
2024 · €241k
Current ratio
6.46▲
2024 · 6.11
Debt to equity
0.56▼
2024 · 0.60
ROE
0.0%▲
2024 · -1.4%
ROA
0.0%▲
2024 · -0.8%
Interest coverage
5.97▲
2024 · 4.89
Debt ≤ 1 year
€180k▲
2024 · €173k
Debt > 1 year
€1.26M▼
2024 · €1.39M
Income taxes
€33k▲
2024 · €26k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.85M€4.69M▼
Fixed assets21/28€3.79M€3.53M▼
Tangible fixed assets22/27€3.72M€3.46M▼
Land and buildings22€3.72M€3.46M▼
Financial fixed assets28€71k€71k=
Current assets29/58€1.06M€1.16M▲
Amounts receivable within one year40/41€24k€18k▼
Trade receivables40€11k€17k▲
Other amounts receivable41€14k€137▼
Current investments50/53€0-
Cash at bank and in hand54/58€990k€1.06M▲
Deferred charges and accrued income490/1€46k€83k▲
Equity and liabilities
Total equity and liabilities10/49€4.85M€4.69M▼
Equity10/15€2.70M€2.70M=
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.09M€973k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€1.05M€930k▼
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€1.55M€1.67M▲
Provisions and deferred taxes16€539k€479k▼
Deferred taxes168€539k€479k▼
Amounts payable17/49€1.61M€1.51M▼
Amounts payable after more than one year17€1.39M€1.26M▼
Financial debts170/4€891k€761k▼
Other amounts payable178/9€500k€500k=
Amounts payable within one year42/48€173k€180k▲
Current portion of amounts payable after more than one year42€128k€130k▲
Trade debts44€46k€48k▲
Suppliers440/4€46k€48k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Accrued charges and deferred income492/3€48k€67k▲
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€279k€275k▼
Other operating charges640/8€107k€82k▼
Gross operating margin9900€367k€377k▲
Operating profit (loss)9901€-19k€20k▲
Financial income75/76B€12€3k▲
Recurring financial income75€12€3k▲
Financial charges65/66B€53k€49k▼
Recurring financial charges65€53k€49k▼
Profit (loss) for the period before taxes9903€-72k€-26k▲
Transfer from deferred taxes780€60k€60k=
Income taxes67/77€26k€33k▲
Profit (loss) for the period9904€-38k€1k▲
Transfer from tax-exempt reserves789€117k€117k=
Profit (loss) for the period to be appropriated9905€79k€118k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.55M€1.67M▲
Profit (loss) brought forward from the previous period14P€1.47M€1.55M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €231k | €234k | €261k | €279k | €275k | ▼ 1.3% |
| Other operating charges640/8 | - | €56k | €59k | €107k | €82k | ▼ 23.4% |
| Non-recurring operating charges66A | - | €4k | - | - | - | - |
| Gross operating margin9900 | €367k | €333k | €296k | €367k | €377k | ▲ 2.6% |
| Operating profit (loss)9901 | €76k | €39k | €-25k | €-19k | €20k | ▲ 204% |
| Financial income75/76B | - | €12k | €8 | €12 | €3k | ▲ 28,393% |
| Recurring financial income75 | €11k | €12k | €8 | €12 | €3k | ▲ 28,393% |
| Financial charges65/66B | - | €30k | €29k | €53k | €49k | ▼ 7.2% |
| Recurring financial charges65 | €31k | €30k | €29k | €53k | €49k | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €55k | €21k | €-54k | €-72k | €-26k | ▲ 63.5% |
| Transfer from deferred taxes780 | - | €60k | €60k | €60k | €60k | = |
| Income taxes67/77 | €45k | €50k | €31k | €26k | €33k | ▲ 24.1% |
| Profit (loss) for the period9904 | €71k | €31k | €-25k | €-38k | €1k | ▲ 103% |
| Transfer from tax-exempt reserves789 | - | €117k | €117k | €117k | €117k | = |
| Profit (loss) for the period to be appropriated9905 | €188k | €148k | €92k | €79k | €118k | ▲ 49.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.73M | €4.57M | €5.05M | €4.85M | €4.69M | ▼ 3.4% |
| Fixed assets21/28 | €3.58M | €3.52M | €4.07M | €3.79M | €3.53M | ▼ 7.0% |
| Tangible fixed assets22/27 | €3.58M | €3.52M | €4.00M | €3.72M | €3.46M | ▼ 7.1% |
| Land and buildings22 | - | €3.52M | €4.00M | €3.72M | €3.46M | ▼ 7.1% |
| Financial fixed assets28 | - | - | €71k | €71k | €71k | = |
| Current assets29/58 | €1.15M | €1.05M | €975k | €1.06M | €1.16M | ▲ 9.6% |
| Amounts receivable within one year40/41 | €7k | €29k | €22k | €24k | €18k | ▼ 27.9% |
| Trade receivables40 | - | €21k | €4k | €11k | €17k | ▲ 63.8% |
| Other amounts receivable41 | - | €9k | €18k | €14k | €137 | ▼ 99.0% |
| Current investments50/53 | - | - | €4k | €0 | - | - |
| Cash at bank and in hand54/58 | €509k | €942k | €857k | €990k | €1.06M | ▲ 7.2% |
| Deferred charges and accrued income490/1 | - | €79k | €92k | €46k | €83k | ▲ 81.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.73M | €4.57M | €5.05M | €4.85M | €4.69M | ▼ 3.4% |
| Equity10/15 | €2.73M | €2.76M | €2.74M | €2.70M | €2.70M | = |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €1.44M | €1.32M | €1.21M | €1.09M | €973k | ▼ 10.7% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €1.28M | €1.16M | €1.05M | €930k | ▼ 11.2% |
| Distributable reserves133 | - | €37k | €37k | €37k | €37k | = |
| Profit (loss) carried forward14 | €1.23M | €1.38M | €1.47M | €1.55M | €1.67M | ▲ 7.6% |
| Provisions and deferred taxes16 | €720k | €660k | €599k | €539k | €479k | ▼ 11.2% |
| Deferred taxes168 | - | €660k | €599k | €539k | €479k | ▼ 11.2% |
| Amounts payable17/49 | €1.28M | €1.15M | €1.71M | €1.61M | €1.51M | ▼ 6.5% |
| Amounts payable after more than one year17 | €1.01M | €945k | €1.52M | €1.39M | €1.26M | ▼ 9.4% |
| Financial debts170/4 | - | €445k | €1.02M | €891k | €761k | ▼ 14.6% |
| Other amounts payable178/9 | - | €500k | €500k | €500k | €500k | = |
| Amounts payable within one year42/48 | €224k | €159k | €142k | €173k | €180k | ▲ 3.7% |
| Current portion of amounts payable after more than one year42 | - | €67k | €126k | €128k | €130k | ▲ 1.8% |
| Financial debts43 | - | €38k | - | - | - | - |
| Credit institutions430/8 | - | €38k | - | - | - | - |
| Trade debts44 | €37k | €27k | €16k | €46k | €48k | ▲ 5.7% |
| Suppliers440/4 | - | €27k | €16k | €46k | €48k | ▲ 5.7% |
| Taxes, remuneration and social security45 | - | - | - | - | €2k | - |
| Taxes450/3 | - | - | - | - | €2k | - |
| Other amounts payable47/48 | - | €27k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €44k | €47k | €48k | €67k | ▲ 39.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €31k | €-25k | €-38k | €1k | ▲ 103% |
| + Depreciation and write-downs630 | €231k | €234k | €261k | €279k | €275k | ▼ 1.3% |
| Operating cash flow (approximation) | €302k | €265k | €237k | €241k | €276k | ▲ 14.8% |
| Investment in fixed assets (approximation) | - | €-173k | €-811k | €0 | €-10k | - |
| Change in cash | - | €433k | €-84k | €133k | €71k | ▼ 46.7% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 19 days late
2024
30-06
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €365k ▲1,748%
Operating result €505k, net result €365k, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 2.68
Current ratio from 0.73 to 2.68.
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2000
Ground area
1.1 ha
Building footprint
6,216 m²
Volume, LiDAR
51,126 m³
Parcel 11011A0668/02E002, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Oude Gentweg 100, 2070 Beveren-Kruibeke-Zwijndrecht
since 20002.058.458.081
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0668/02E002 | Flanders | 1.1 ha | 1 · 6,216 m² | 15.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
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W - INVEST
BE 0451.379.701
Roeselare · Eq €2,695,241
Sorima
BE 0413.030.453
Oudergem · Eq €2,714,353
Immobiliënmaatschappij van Sint-Amands
BE 0412.757.566
Puurs-Sint-Amands · Eq €2,715,677
Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,342 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-01-1992
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
77221Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
E-mail
Marina.Passemiers@showtex.comBeveren-Kruibeke-Zwijndrecht
Phone
03/217 25 92Beveren-Kruibeke-Zwijndrecht
Scores and ratios are computed by Checked and are not a credit decision.