Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 18.3 to 9.1.
Financials
Financial year 2025
SANECAL from Oostende, company number BE0437707550, closed financial year 2025 with a result of € -109,088 after tax. For that financial year SANECAL recorded a gross margin of € 644,741 and equity of € 39,976. Compared with financial year 2024, the result moved from € -77,240 to € -109,088. The company made a loss. The buffer shrank hard: equity is 73 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 39,976
▼ 73% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -109,088
▼ 41 % more loss than in 2024
Profit after tax over the fiscal year.
€ 101,145
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -34,392.
People and assets in 2025
9.1
▼ 4.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 665,974
▼ 23% vs 2024
€ 73,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,438
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 61,059
▼ 36% vs 2024
Loans from banks and other lenders, long and short.
€ 409,767
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 42,638
▲ 47% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 863,121 | € 1,140,392 | € 885,211 | € 644,741 | ▼ 27% |
| Profit after taxes | € -191,632 | € -128,591 | € -77,240 | € -109,088 | ▼ € 31,848 |
| Equity | € 354,894 | € 226,304 | € 149,063 | € 39,976 | ▼ 73% |
| Total debts | € 853,613 | € 1,023,313 | € 869,879 | € 906,439 | ▲ 4% |
| Cash | € 88,398 | € 149,686 | € 78,467 | € 101,145 | ▲ 29% |
| Land & buildings | € 147,561 | € 106,923 | € 63,548 | € 24,030 | ▼ 62% |
| Retained profit | € 280,526 | € 151,935 | € 74,695 | € -34,392 | ▼ € 109,088 |
| Bank debt | € 168,235 | € 128,137 | € 94,818 | € 61,059 | ▼ 36% |
| Balance sheet total | € 1,208,507 | € 1,249,617 | € 1,018,942 | € 946,415 | ▼ 7% |
| Employees (FTE) | 16.3 | 18.3 | 13.8 | 9.1 | ▼ 4.7 |
Key figures of SANECAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SANECAL?
What happened at SANECAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 109,088. Source: NBB ↗
- Xavier Van Huele BV became a director. NBB
- Kristof Passchyn BV became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 191,632 loss in 2022 to € 109,088 loss in 2025.
On average € 70,900 of value added per employee in 2025.
Management
Behind SANECAL are Xavier Van Huele BV and Kristof Passchyn BV. The shares are held by Xavier Van Huele BV (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Xavier Van Huele
Also active at: VAN HUELE, WOODROW, Cassteman, VAN HUELE INVEST
since 2023
Director · represented by Passchyn KRISTOF
Also active at: VAN HUELE, VAN HUELE INVEST
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Archimedesstraat 60
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0437.707.550
- VAT number
- BE 0437.707.550
- Registered office
- Archimedesstraat 60, 8400 Oostende
- Names & denominations
- SANECAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 June 1989
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- sanecal.be 059/551.666
- Activities · NACE
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