SAILS
ActiveSummary
SAILS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90,910 and a net result of -€18,436. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 88% of 26041 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-67
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.8 against 8.67 in 2023; short-term debt: 19.6% and cash: 65.1% of total assets), and 19.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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 →
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
80.4%
Return on assets
-16.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€18,436
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
134 d late
2022
136 d late
2021
150 d late
2020
139 d late
2019
152 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 144 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€90,910▼ 16.9%
2023 · €109,346
Total assets
€113,057▼ 7.4%
2023 · €122,074
Net result
-€18,436▼ 1,232%
2023 · -€1,384
Working capital
€84,193▼ 13.8%
2023 · €97,640
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19,840€30,649▲ 54.5%-€6,936€2,790-€14,360
Net result€13,872€28,614▲ 106%-€12,246-€1,384▲ 88.7%-€18,436▼ 1,232%
Equity€94,362▲ 17.2%€122,976▲ 30.3%€110,730▼ 10.0%€109,346▼ 1.2%€90,910▼ 16.9%
Total assets€109,907▲ 30.7%€131,570▲ 19.7%€131,770▲ 0.2%€122,074▼ 7.4%€113,057▼ 7.4%
Debt€15,545▲ 333%€8,594▼ 44.7%€21,040▲ 145%€12,728▼ 39.5%€22,147▲ 74.0%
Working capital€82,400▲ 31.7%€95,324▲ 15.7%€94,035▼ 1.4%€97,640▲ 3.8%€84,193▼ 13.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14,360 after €2,790 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €113,057
Fixed assets
€6,717 ▼ 42.6%
Current assets
€106,340 ▼ 3.6%
Equity and liabilities €113,057
Equity
€90,910 ▼ 16.9%
Debt
€22,147 ▲ 74.0%
Debt's share of the balance-sheet total rises from 10.4% to 19.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,371▼
2023 · €7,779
Cash flow
-€13,447▼
2023 · €3,605
Current ratio
4.80▼
2023 · 8.67
Quick ratio
4.78▼
2023 · 8.63
Debt to equity
0.24▲
2023 · 0.12
ROE
-20.3%▼
2023 · -1.3%
ROA
-16.3%▼
2023 · -1.1%
Interest coverage
-49.85▼
2023 · 42.05
Debt ≤ 1 year
€22,147▲
2023 · €12,728
Income taxes
€4,047▲
2023 · €4,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,968 | €9,254 | €10,956 | €4,989 | €4,989 | = |
| Other operating charges640/8 | - | €3,993 | €3,126 | €3,561 | €3,896 | ▲ 9.4% |
| Gross operating margin9900 | €28,866 | €43,896 | €7,146 | €11,340 | -€5,475 | ▼ 148% |
| Operating profit (loss)9901 | €19,840 | €30,649 | -€6,936 | €2,790 | -€14,360 | ▼ 615% |
| Financial income75/76B | - | - | - | €11 | €159 | ▲ 1,345% |
| Recurring financial income75 | - | - | - | €11 | €159 | ▲ 1,345% |
| Financial charges65/66B | - | €145 | €183 | €185 | €188 | ▲ 1.6% |
| Recurring financial charges65 | €222 | €145 | €183 | €185 | €188 | ▲ 1.6% |
| Profit (loss) for the period before taxes9903 | €19,618 | €30,504 | -€7,119 | €2,616 | -€14,389 | ▼ 650% |
| Income taxes67/77 | €5,746 | €1,890 | €5,127 | €4,000 | €4,047 | ▲ 1.2% |
| Profit (loss) for the period9904 | €13,872 | €28,614 | -€12,246 | -€1,384 | -€18,436 | ▼ 1,232% |
| Profit (loss) for the period to be appropriated9905 | €13,872 | €28,614 | -€12,246 | -€1,384 | -€18,436 | ▼ 1,232% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,907 | €131,570 | €131,770 | €122,074 | €113,057 | ▼ 7.4% |
| Fixed assets21/28 | €11,962 | €27,652 | €16,695 | €11,706 | €6,717 | ▼ 42.6% |
| Tangible fixed assets22/27 | €11,935 | €27,625 | €16,668 | €11,679 | €6,690 | ▼ 42.7% |
| Land and buildings22 | - | €4,560 | - | - | - | - |
| Plant, machinery and equipment23 | - | €12,407 | €9,093 | €6,629 | €4,165 | ▼ 37.2% |
| Furniture and vehicles24 | - | €10,658 | €7,575 | €5,050 | €2,525 | ▼ 50.0% |
| Financial fixed assets28 | €27 | €27 | €27 | €27 | €27 | = |
| Current assets29/58 | €97,945 | €103,918 | €115,075 | €110,368 | €106,340 | ▼ 3.6% |
| Amounts receivable after more than one year29 | - | €24,402 | €24,402 | €24,402 | €24,402 | = |
| Other amounts receivable291 | - | €24,402 | €24,402 | €24,402 | €24,402 | = |
| Stocks and contracts in progress3 | €462 | €567 | €567 | €566 | €567 | ▲ 0.2% |
| Stocks30/36 | - | €567 | €567 | €566 | €567 | ▲ 0.2% |
| Amounts receivable within one year40/41 | €5,093 | €4,500 | €5,572 | €1,493 | €4,077 | ▲ 173% |
| Trade receivables40 | - | €3,531 | €3,510 | - | - | - |
| Other amounts receivable41 | - | €969 | €2,062 | €1,493 | €4,077 | ▲ 173% |
| Cash at bank and in hand54/58 | €62,027 | €61,487 | €71,571 | €70,465 | €73,585 | ▲ 4.4% |
| Deferred charges and accrued income490/1 | - | €12,962 | €12,963 | €13,442 | €3,709 | ▼ 72.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,907 | €131,570 | €131,770 | €122,074 | €113,057 | ▼ 7.4% |
| Equity10/15 | €94,362 | €122,976 | €110,730 | €109,346 | €90,910 | ▼ 16.9% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €16,934 | €16,934 | €16,934 | €16,934 | €16,934 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €5,369 | €5,369 | €5,369 | €5,369 | = |
| Distributable reserves133 | - | €9,706 | €9,706 | €9,706 | €9,706 | = |
| Profit (loss) carried forward14 | €58,836 | €87,450 | €75,204 | €73,820 | €55,384 | ▼ 25.0% |
| Amounts payable17/49 | €15,545 | €8,594 | €21,040 | €12,728 | €22,147 | ▲ 74.0% |
| Amounts payable within one year42/48 | €15,545 | €8,594 | €21,040 | €12,728 | €22,147 | ▲ 74.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €333 | - |
| Trade debts44 | €10,092 | €6,177 | €18,296 | €8,411 | €19,879 | ▲ 136% |
| Suppliers440/4 | - | €6,177 | €18,296 | €8,411 | €19,879 | ▲ 136% |
| Taxes, remuneration and social security45 | - | - | - | €267 | €287 | ▲ 7.5% |
| Taxes450/3 | - | - | - | €267 | €287 | ▲ 7.5% |
| Other amounts payable47/48 | - | €2,417 | €2,744 | €4,050 | €1,648 | ▼ 59.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,872 | €28,614 | -€12,246 | -€1,384 | -€18,436 | ▼ 1,232% |
| + Depreciation and write-downs630 | €5,968 | €9,254 | €10,956 | €4,989 | €4,989 | = |
| Operating cash flow (approximation) | €19,840 | €37,868 | -€1,290 | €3,605 | -€13,447 | ▼ 473% |
| Investment in fixed assets (approximation) | - | -€24,944 | €1 | €0 | €0 | - |
| Change in cash | - | -€540 | €10,084 | -€1,106 | €3,120 | ▲ 382% |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Weakest financial yearnet -€18,436
Net result drops to -€18,436, the lowest in the series.
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 134 days late
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 136 days late
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
2021
31-12
Financial
Highest result since 2018net €28,614 ▲106%
Operating result €30,649, net result €28,614, both a record.
31-12
Financial
Equity above €100,000Eq €122,976 ▲30.3%
2 profitable years in a row build equity to €122,976.
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 139 days late
2020
31-12
Financial
Back to profitnet €13,872
Net result €13,872 after one loss-making year.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 152 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 92 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 60 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 61 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 1991
Ground area
470 m²
Building footprint
128 m²
Volume, LiDAR
759 m³
Parcel 46302D0713/00F000, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kasteelstraat 53, 9140 Temse
since 19912.051.041.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46302D0713/00F000 | Flanders | 470 m² | 1 · 128 m² | 12.4 m · 2 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 siteTemse2.051.041.640
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Of 465 companies in sector 47230 we hold annual accounts for 269. 217 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 (pre-2019)
Founded05-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47230Retail trade
Scores and ratios are computed by Checked and are not a credit decision.