Santhea
ActiveSanthea has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.68M and a net result of €-106k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 22% of 471 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▼-23
Solvency58▲+1
Growth54▼-8
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 2.69 in 2023; short-term debt: 14.5% and cash: 7.8% of total assets), but 67.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Sector 94
lower
← 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
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 2024Solvency, return and age of the figures
Solvency
32.7%
Return on assets
-2.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 471 sector peers (2024).
NBB · sector comparisonPosition among 471 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
47 d early
2022
45 d early
2021
3 d early
2020
23 d early
2019
34 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€41k▲ 55.7%
2023 · €27k
2018: €27k
2019: €29k
2023: €27k
2018 → 2024
EBIT margin
-118.3%▼ 1068.7pp
2023 · 950.4%
2018: 366.5%
2019: 402.7%
2023: 950.4%
2018 → 2024
Net result
€-106k
2023 · €173k
2018: €20k
2019: €-12k
2020: €-10k
2021: €283k
2022: €30k
2023: €173k
2018 → 2024
Working capital
€894k▼ 26.5%
2023 · €1.22M
2018: €1.00M
2019: €864k
2020: €437k
2021: €940k
2022: €922k
2023: €1.22M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€27k€41k▲ 55.7%
Equity€1.30M-€1.58M▲ 21.8%€1.61M▲ 1.9%€1.78M▲ 10.7%€1.68M▼ 5.8%
Operating result€65k-€367k▲ 465%€126k▼ 65.7%€253k▲ 101%€-49k
Net result€-10k-€283k€30k▼ 89.3%€173k▲ 469%€-106k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €49k after €253k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.14M
Fixed assets
€3.50M▼ 4.6%
Current assets
€1.64M▼ 15.3%
Equity and liabilities €5.14M
Equity
€1.68M▼ 5.8%
Provisions
€90k▲ 81.8%
Debt
€3.37M▼ 10.6%
The debt ratio falls from 67.3% to 65.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€220k▼
2023 · €514k
Cash flow
€163k▼
2023 · €434k
Solvency
32.7%▲
2023 · 31.8%
Current ratio
2.20▼
2023 · 2.69
Quick ratio
2.18▼
2023 · 2.69
Debt / equity
2.01▼
2023 · 2.12
ROE
-6.3%▼
2023 · 9.7%
ROA
-2.1%▼
2023 · 3.1%
Interest coverage
2.55▼
2023 · 5.95
Debt
€3.37M▼
2023 · €3.77M
Debt ≤ 1 year
€748k▲
2023 · €722k
Debt > 1 year
€2.52M▼
2023 · €2.70M
Income taxes
€14k
Staff costs
€2.57M▲
2023 · €2.45M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.61M€5.14M▼
Fixed assets21/28€3.67M€3.50M▼
Intangible fixed assets21€2k€0▼
Tangible fixed assets22/27€3.67M€3.50M▼
Land and buildings22€3.39M€3.23M▼
Plant, machinery and equipment23€66k€53k▼
Furniture and vehicles24€196k€204k▲
Other tangible fixed assets26€3k€3k=
Assets under construction and advance payments27€17k€8k▼
Financial fixed assets28€1k€1k=
Affiliated companies280/1€0-
Participating interests280€0-
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€1.94M€1.64M▼
Amounts receivable after more than one year29€8k€8k=
Other amounts receivable291€8k€8k=
Stocks and contracts in progress3-€11k
Stocks30/36-€11k
Goods purchased for resale34-€11k
Amounts receivable within one year40/41€633k€336k▼
Other amounts receivable41€633k€336k▼
Current investments50/53€882k€782k▼
Cash at bank and in hand54/58€348k€403k▲
Deferred charges and accrued income490/1€67k€101k▲
Equity and liabilities
Total equity and liabilities10/49€5.61M€5.14M▼
Equity10/15€1.78M€1.68M▼
Contributions10/11-€411k
Capital10-€411k
Reserves13€614k€508k▼
Profit (loss) carried forward14€758k€758k=
Investment grants15-€3k
Provisions and deferred taxes16€50k€90k▲
Provisions for liabilities and charges160/5€50k€90k▲
Pensions and similar obligations160-€50k
Major repairs and maintenance162€50k€40k▼
Amounts payable17/49€3.77M€3.37M▼
Amounts payable after more than one year17€2.70M€2.52M▼
Financial debts170/4€2.70M€2.52M▼
Credit institutions173€2.70M€2.52M▼
Amounts payable within one year42/48€722k€748k▲
Current portion of amounts payable after more than one year42€181k€184k▲
Trade debts44€119k€157k▲
Suppliers440/4€119k€157k▲
Taxes, remuneration and social security45€422k€407k▼
Taxes450/3€90k€79k▼
Remuneration and social security454/9€332k€328k▼
Accrued charges and deferred income492/3€350k€108k▼
Income statement
Code20232024
Operating income70/76A€4.13M€4.10M▼
Turnover70€27k€41k▲
Other operating income74€216k€195k▼
Non-recurring operating income76A€157k€0▼
Operating charges60/66A€3.88M€4.14M▲
Services and other goods61€1.07M€1.20M▲
Remuneration, social security and pensions62€2.45M€2.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€261k€269k▲
Other operating charges640/8€59k€62k▲
Non-recurring operating charges66A€28k€6k▼
Operating profit (loss)9901€253k€-49k▼
Financial income75/76B€12k€48k▲
Recurring financial income75€12k€48k▲
Income from financial fixed assets750€12k€48k▲
Financial charges65/66B€93k€90k▼
Recurring financial charges65€93k€90k▼
Debt charges650€86k€86k▼
Other financial charges652/9€6k€4k▼
Profit (loss) for the period before taxes9903€173k€-91k▼
Income taxes67/77-€14k
Taxes670/3-€14k
Profit (loss) for the period9904€173k€-106k▼
Profit (loss) for the period to be appropriated9905€173k€-106k▼
Appropriation of the result
Profit (loss) to be appropriated9906€931k€652k▼
Profit (loss) brought forward from the previous period14P€758k€758k=
From contributions791-€106k
To contributions691€173k-
Social balance
Average headcount (FTE)908719.719.9▲
The notes to these accounts (69 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-09
State Gazette act
Resignations & appointmentsBoard meeting · Director resignation · Permanent representative12 facts ▸
State Gazette act
Resignations & appointments
Board meeting · Director resignation · Permanent representative12 facts ▸
- Board meeting, 2023-05-23
- Director resignation, Stéphane Rillaerts (représentant permanent)
- Permanent representative, Stéphane Olivier
- Permanent representative, Quentin Druart
- Director resignation, Quentin Druart (représentant permanent)
- Permanent representative, Claude Melen
- Permanent representative, Jérôme Bonhomme
- Permanent representative, Jean-Pierre Genbauffe
- Director resignation, Éric Fievez (Vice-Président)
- Permanent representative, Caroline Dumont
- Director appointment, Intercommunale Gabrielle Passelecq (administrateur)
- Director appointment, Association Hospitalière Sambre et Meuse (administrateur)
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 82 days late
2024
31-12
Financial
Weakest financial yearnet €-106k ▼161%
Net result drops to €-106k, the lowest in the series.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €283k
Net result €283k after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
25 directors, no change since 2025
Association Hospitalière Sambre et Meuse
CurrentDirector · since 17-09-2024 · Legal entity
intercommunale Gabrielle Passelecq
CurrentDirector · since 06-02-2024 · Legal entity · perm. rep.: Stéphane Olivier
15-09-2025
L'Equipe: Resigned as Director
25-06-2025
Eric FIEVEZ: Resigned as Vice président
27-05-2025
Quentin DRUART: Resigned as Représentant permanent
17-09-2024
Association Hospitalière Sambre et Meuse: Appointed as Director
31-07-2024
Stéphane RILLAERTS: Resigned as Représentant permanent
06-02-2024
intercommunale Gabrielle Passelecq: Appointed as Director
19-05-2021
CHU Saint-Pierre: Resigned as Director
17-05-2021
Etienne WERY: Resigned as Director
19-01-2021
Alises: Resigned as Director
19-01-2021
Dirk THIELENS: Resigned as Director
19-01-2021
Inago: Resigned as Director
19-01-2021
Intercommunale des Seniors des Communes de la haute meuse liégeoise et de la Hesbaye (Interseniors): Resigned as Director
19-01-2021
La Traversière: Resigned as Director
20-11-2015
Association Le Domaine: Resigned as Director
20-11-2015
Centre Hospitalier Albert Laurent: Resigned as Director
20-11-2015
CHP de Liège: Resigned as Director
20-11-2015
CHP Le Chêne aux Haies: Resigned as Director
20-11-2015
CHR de Namur: Resigned as Director
20-11-2015
CHR du val de Sambre: Resigned as Director
20-11-2015
CHU Ambroise paré: Resigned as Director
20-11-2015
Clinique André Renard: Resigned as Director
20-11-2015
Cliniques du Sud Luxembourg: Resigned as Director
20-11-2015
Coordination Hospitalière Luxembourgeoise: Resigned as Director
20-11-2015
CPAS de Bruxelles: Resigned as Director
+ 17 not shown in this overview
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 2 establishment units since 2009
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.
Vinkstraat 361170 Watermaal-BosvoordeGround area
2,724 m²
Building footprint
440 m²
Volume, LiDAR
2,395 m³
2 parcels, Brussels, Wallonia · tallest building 14.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
santhea
since 20092.174.551.740
Santhea - siège de Wallonie
since 20112.194.394.079
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92078A0002/02T003 | Wallonia | 1,413 m² | - | - |
| 21652E0064/00A003 | Brussels | 1,311 m² | 1 · 440 m² | 14.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300WYUL2DB0JDWE33
Similar companies · same sector, comparable size
Vlaams Studie- en Kenniscentrum Vastgoed en Wonen/Centre d'Etude et de Connaissance de l'Immobilier et de l'Habitat
BE 0445.055.004
Gent · Eq €1.72M
DOMUS MEDICA
BE 0410.872.303
Antwerpen · Eq €1.62M
DOMAINE MALO
BE 0812.089.146
Sint-Pieters-Woluwe · Eq €1.61M
Groupement Pharmaceutique de l'Union Européenne
BE 0468.971.838
Brussel · Eq €1.75M
Huisartsenkring Ijzerstreek en Westkust
BE 0443.128.167
Veurne · Eq €1.61M
Of 1,008 companies in sector 94120 we hold annual accounts for 350. 257 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded17-06-2008
Fiscal year end31-12
Activities, NACEBEL
94120Activities of professional membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
7 entriesWebsite:www.santhea.be
E-mail:contact@santhea.be
Phone:003222104270
Fax:003225110454
Phone:022104270
Fax:025110454
Phone:081 22 38 22