S&A
ActiveSummary
The computed 12-month bankruptcy probability of S&A is 1.8% (moderate). The 2025 annual accounts show equity of €38k and a net result of €16k. Equity is growing by ~57.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 18400 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-35
Solvency59▲+4
Growth85=
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.38 in 2024; short-term debt: 65.9% and cash: 22.7% of total assets), and 65.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
10 d late
2024
on the day
2023
12 d late
2022
258 d late
← 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, micro schema
Turnover
€698k▲ 23.6%
2024 · €565k
2022: €314klowest in 4 years
2023: €385k▲ +22.3% vs 2022
2024: €565k▲ +46.9% vs 2023
2025: €698k▲ +23.6% vs 2024highest in 4 years
2022 → 2025
EBIT margin
-1.8%▼ 2.5pp
2024 · 0.7%
2022: 1.7%highest in 4 years
2023: 1.4%▼ -16.5% vs 2022
2024: 0.7%▼ -49.3% vs 2023
2025: -1.8%▼ -354% vs 2024lowest in 4 years
2022 → 2025
Net result
€16k▲ 87.9%
2024 · €9k
2022: €4klowest in 4 years
2023: €9k▲ +107% vs 2022
2024: €9k▼ -1.7% vs 2023
2025: €16k▲ +87.9% vs 2024highest in 4 years
2022 → 2025
Working capital
€35k▲ 82.3%
2024 · €19k
2022: €772lowest in 4 years
2023: €10k▲ +1198% vs 2022
2024: €19k▲ +90.8% vs 2023
2025: €35k▲ +82.3% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€314k-€385k▲ 22.3%€565k▲ 46.9%€698k▲ 23.6%
2022: €314klowest in 4 years
2023: €385k▲ +22.3% vs 2022
2024: €565k▲ +46.9% vs 2023
2025: €698k▲ +23.6% vs 2024highest in 4 years
Equity€4k-€13k▲ 207%€22k▲ 66.3%€38k▲ 74.9%
2022: €4klowest in 4 years
2023: €13k▲ +207% vs 2022
2024: €22k▲ +66.3% vs 2023
2025: €38k▲ +74.9% vs 2024highest in 4 years
Operating result€5k-€5k▲ 2.2%€4k▼ 25.6%€-13k
2022: €5k
2023: €5k▲ +2.2% vs 2022highest in 4 years
2024: €4k▼ -25.6% vs 2023
2025: €-13k▼ -413% vs 2024lowest in 4 years
Net result€4k-€9k▲ 107%€9k▼ 1.7%€16k▲ 87.9%
2022: €4klowest in 4 years
2023: €9k▲ +107% vs 2022
2024: €9k▼ -1.7% vs 2023
2025: €16k▲ +87.9% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€3k ▲ 16.4%
Current assets
€108k ▲ 55.5%
Equity and liabilities €111k
Equity
€38k ▲ 74.9%
Debt
€73k ▲ 45.3%
Debt's share of the balance-sheet total falls from 70.0% to 65.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-12k▼
2024 · €5k
Cash flow
€17k▲
2024 · €9k
Current ratio
1.48▲
2024 · 1.38
Quick ratio
1.40▲
2024 · 1.27
Debt to equity
1.94▼
2024 · 2.33
ROE
42.8%▲
2024 · 39.9%
ROA
14.6%▲
2024 · 12.0%
Interest coverage
-56.90▼
2024 · 34.78
Debt ≤ 1 year
€73k▲
2024 · €50k
Income taxes
€5k▲
2024 · €2k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€72k€111k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€915€1k▲
Plant, machinery and equipment23€915€401▼
Furniture and vehicles24-€911
Financial fixed assets28€2k€2k=
Current assets29/58€69k€108k▲
Stocks and contracts in progress3€6k€6k▲
Stocks30/36€6k€6k▲
Amounts receivable within one year40/41€61k€77k▲
Trade receivables40€55k€74k▲
Other amounts receivable41€6k€3k▼
Cash at bank and in hand54/58€3k€25k▲
Equity and liabilities
Total equity and liabilities10/49€72k€111k▲
Equity10/15€22k€38k▲
Profit (loss) carried forward14€22k€38k▲
Amounts payable17/49€50k€73k▲
Amounts payable within one year42/48€50k€73k▲
Trade debts44€6k€31k▲
Suppliers440/4€6k€31k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€5k▲
Other amounts payable47/48€41k€36k▼
Income statement
Code20242025
Turnover70€565k€698k▲
Goods, raw materials, services and sundry goods60/61€558k€708k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€514€863▲
Other operating charges640/8€3k€1k▼
Non-recurring operating charges66A-€380
Gross operating margin9900€8k€-10k▼
Operating profit (loss)9901€4k€-13k▼
Financial income75/76B€7k€34k▲
Recurring financial income75€7k€34k▲
Financial charges65/66B€130€206▲
Recurring financial charges65€130€206▲
Profit (loss) for the period before taxes9903€11k€22k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€9k€16k▲
Profit (loss) for the period to be appropriated9905€9k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€38k▲
Profit (loss) brought forward from the previous period14P€13k€22k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €314k | €385k | €565k | €698k | ▲ 23.6% |
| Goods, raw materials, services and sundry goods60/61 | €312k | €378k | €558k | €708k | ▲ 27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €627 | €514 | €514 | €863 | ▲ 67.8% |
| Other operating charges640/8 | €628 | €975 | €3k | €1k | ▼ 64.7% |
| Non-recurring operating charges66A | - | - | - | €380 | - |
| Gross operating margin9900 | €7k | €7k | €8k | €-10k | ▼ 237% |
| Operating profit (loss)9901 | €5k | €5k | €4k | €-13k | ▼ 413% |
| Financial income75/76B | - | €6k | €7k | €34k | ▲ 400% |
| Recurring financial income75 | - | €6k | €7k | €34k | ▲ 400% |
| Financial charges65/66B | - | €128 | €130 | €206 | ▲ 58.1% |
| Recurring financial charges65 | - | €128 | €130 | €206 | ▲ 58.1% |
| Profit (loss) for the period before taxes9903 | €5k | €11k | €11k | €22k | ▲ 100% |
| Income taxes67/77 | €1k | €2k | €2k | €5k | ▲ 150% |
| Profit (loss) for the period9904 | €4k | €9k | €9k | €16k | ▲ 87.9% |
| Profit (loss) for the period to be appropriated9905 | €4k | €9k | €9k | €16k | ▲ 87.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €53k | €65k | €72k | €111k | ▲ 54.2% |
| Fixed assets21/28 | €3k | €3k | €2k | €3k | ▲ 16.4% |
| Tangible fixed assets22/27 | €2k | €1k | €915 | €1k | ▲ 43.4% |
| Plant, machinery and equipment23 | €2k | €1k | €915 | €401 | ▼ 56.2% |
| Furniture and vehicles24 | - | - | - | €911 | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €49k | €62k | €69k | €108k | ▲ 55.5% |
| Stocks and contracts in progress3 | - | €5k | €6k | €6k | ▲ 9.1% |
| Stocks30/36 | - | €5k | €6k | €6k | ▲ 9.1% |
| Amounts receivable within one year40/41 | €35k | €55k | €61k | €77k | ▲ 26.1% |
| Trade receivables40 | €33k | €43k | €55k | €74k | ▲ 34.2% |
| Other amounts receivable41 | €2k | €13k | €6k | €3k | ▼ 52.2% |
| Cash at bank and in hand54/58 | €14k | €2k | €3k | €25k | ▲ 736% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €53k | €65k | €72k | €111k | ▲ 54.2% |
| Equity10/15 | €4k | €13k | €22k | €38k | ▲ 74.9% |
| Profit (loss) carried forward14 | €4k | €13k | €22k | €38k | ▲ 74.9% |
| Amounts payable17/49 | €48k | €52k | €50k | €73k | ▲ 45.3% |
| Amounts payable within one year42/48 | €48k | €52k | €50k | €73k | ▲ 45.3% |
| Trade debts44 | €37k | €547 | €6k | €31k | ▲ 382% |
| Suppliers440/4 | €37k | €547 | €6k | €31k | ▲ 382% |
| Taxes, remuneration and social security45 | €1k | €12k | €2k | €5k | ▲ 150% |
| Taxes450/3 | €1k | €12k | €2k | €5k | ▲ 150% |
| Other amounts payable47/48 | €10k | €39k | €41k | €36k | ▼ 12.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €9k | €9k | €16k | ▲ 87.9% |
| + Depreciation and write-downs630 | €627 | €514 | €514 | €863 | ▲ 67.8% |
| Operating cash flow (approximation) | €5k | €9k | €9k | €17k | ▲ 86.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-1k | - |
| Change in cash | - | €-13k | €1k | €22k | ▲ 1,458% |
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
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
30-06
Financial
Highest result since 2022net €16k ▲87.9%
Net result €16k, the highest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 258 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Laarne · 1 establishment unit since 2021
Ground area
146 m²
Building footprint
10 m²
Volume, LiDAR
26 m³
Parcel 42010C0296/00F002, Flanders · tallest building 3.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
S&A
since 20212.315.736.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010C0296/00F002 | Flanders | 146 m² | 1 · 10 m² | 3.1 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLaarne2.315.736.725
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,533 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-03-2021
Fiscal year end30-06
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
47260Retail trade
47279Other retail sale of food
47621Retail sale of newspapers and periodicals
Scores and ratios are computed by Checked and are not a credit decision.