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Sanico

Active
Public limited companyfounded 1937active for 89 yearsVeedijk 59, 2300 Turnhout, BelgiumKBO/BCE: BE 0404.190.288
Summary

Sanico has been active since 1937 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.3m and a net result of €789,721. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 62% of 92 sector peers (NACE 21, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
SanicoActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of basic pharmaceutical products and pharmaceutical preparations
NACE 21201
2nd oldest company in the province of Antwerp, Pharmaceuticals sector1 site
Size
€22.3mturnover 2025
Staff
87.1 FTE
Equity
€13.3m
Profit
€789,721
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
SYNVESTPRO · 88.33%
Auditor: Parmentier Guy BV2025 accounts 93 days early3 of 13 deeds summarised
Why 94lowers riskLiquidity: current ratio 1.80, cash €5.0mFounded in 1937Equity €13.3m (54.9% of total assets)Size: turnover €22.3m, 87.1 FTE, total assets €24.2mShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 52% of its sector peers (NACE 21)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 80+2
equity 54.9% of total assets
Liquidity 54=
short-term debt 45.1% · cash 20.8%
Profitability 68-4
return on assets 3.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (26 companies, NACE 21, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €1,200,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.8, compared with 1.64 in 2024, above the usual 1.5; short-term debt: 45.1% and cash: 20.8% of total assets), and 45.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 21): better than 63% on solvency, 80% on liquidity, 44% on profitability and 20% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 1.80, cash €5.0m
NBB · annual accounts
lowers risk · Founded in 1937
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €13.3m (54.9% of total assets)
NBB · annual accounts
lowers risk · Size: turnover €22.3m, 87.1 FTE, total assets €24.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
93 days early
2024
15 days early
2023
43 days early
2022
83 days early
2021
94 days early
2020
82 days early
2019
82 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 47 days before the deadline; the sector median (NACE 21) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 May (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Fleerackers Marcel, Fleerackers Marcel Alexander…Gazette deed
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet €789,721 ▼35.9%

Key points

  • Positive: 2nd oldest company in the province of Antwerp, Pharmaceuticals sectorin the Checked rankings No. 2 View
  • Positive: 8 profitable years in a rowprofit 2025: €789,721 8 years View
  • Controlled by SYNVESTPRO 88.33% View
  • Active since 1937founded 21-05-1937 89 years View
  • Caution: Result fell in 2025from €1.2m to €789,721 ▼ 35.9% View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year
2025
Turnover
€22.3m
Profit
€789,721
Solvency
54.9%
Turnover▼ 8.3%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
SYNVESTPRO · 88.33%
Auditor
Parmentier Guy BV
  • Carpentier JoannaDirector
  • Fleerackers MarcelManaging director
  • Fleerackers Marcel AlexanderDirector
Go to Board & ownership

Timeline

Events
54
Since
1979
Next accounts
by 31-07-2027
  1. 16-07-2025Annual accounts filed
  2. 18-06-2024Annual accounts filed
  3. 05-02-2024Amendment of the articles
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of basic pharmaceutical products and pharmaceutical preparationsNACE 21201
Founded
21-05-1937
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about Sanico

What is the company number of Sanico?
0404.190.288. In Belgium the VAT number is the company number with BE in front: BE 0404.190.288.
Where is Sanico based?
The registered office is at Veedijk 59, 2300 Turnhout.Company details
What does Sanico do?
According to the KBO register, the main activity is manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21201).
What is the legal form of Sanico?
Public limited company (NV).
When was Sanico founded?
On 21-05-1937.
Is Sanico still active?
Yes, Sanico is an active enterprise in the KBO register.
How many employees does Sanico have?
On average 87.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Sanico?
€22.3m in financial year 2025, according to the filed annual accounts.
Is Sanico profitable?
In financial year 2025, Sanico made a profit of €789,721.
Where can I find the annual accounts of Sanico?
Sanico filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Sanico due?
By 31-07-2027, for financial year 2026.Timeline

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