SAN MARCO
ActiveSAN MARCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124k and a net result of €32k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 80% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+8
Solvency91▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 10.29 in 2024; short-term debt: 34% and cash: 14.9% of total assets), and 34% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
16.9%
Age of the figures
9 mo
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 11-03-2026, 142 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
142 d early
2024
55 d early
2023
43 d early
2022
53 d early
2021
41 d early
2020
22 d early
2019
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€124k▼ 17.1%
2024 · €149k
2018: €59k
2019: €68k
2020: €76k
2021: €95k
2022: €110k
2023: €132k
2024: €149k
2018 → 2025
Total assets
€188k▲ 17.5%
2024 · €160k
2018: €139k
2019: €126k
2020: €126k
2021: €143k
2022: €138k
2023: €150k
2024: €160k
2018 → 2025
Net result
€32k▲ 81.5%
2024 · €18k
2018: €6k
2019: €9k
2020: €8k
2021: €19k
2022: €16k
2023: €21k
2024: €18k
2018 → 2025
Working capital
€80k▼ 17.0%
2024 · €96k
2018: €-51k
2019: €-31k
2020: €-27k
2021: €2k
2022: €28k
2023: €63k
2024: €96k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€95k-€110k▲ 16.7%€132k▲ 19.3%€149k▲ 13.3%€124k▼ 17.1%
Operating result€22k-€23k▲ 2.6%€30k▲ 32.5%€23k▼ 23.1%€46k▲ 101%
Net result€19k-€16k▼ 14.6%€21k▲ 34.9%€18k▼ 18.0%€32k▲ 81.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 101% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€44k▼ 17.3%
Current assets
€144k▲ 34.7%
Equity and liabilities €188k
Equity
€124k▼ 17.1%
Debt
€64k▲ 514%
The debt ratio rises from 6.5% to 34.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€58k▲
2024 · €39k
Cash flow
€43k▲
2024 · €33k
Solvency
66.0%▼
2024 · 93.5%
Current ratio
2.26▼
2024 · 10.29
Quick ratio
2.26▼
2024 · 10.15
Debt / equity
0.52▲
2024 · 0.07
ROE
25.7%▲
2024 · 11.7%
ROA
16.9%▲
2024 · 11.0%
Interest coverage
229.33▼
2024 · 676.62
Debt
€64k▲
2024 · €10k
Debt ≤ 1 year
€64k▲
2024 · €10k
Income taxes
€15k▲
2024 · €7k
Staff costs
€4k▼
2024 · €9k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€160k€188k▲
Fixed assets21/28€53k€44k▼
Tangible fixed assets22/27€53k€44k▼
Land and buildings22€47k€39k▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€2k€4k▲
Other tangible fixed assets26€2k€640▼
Current assets29/58€107k€144k▲
Stocks and contracts in progress3€2k-
Stocks30/36€2k-
Amounts receivable within one year40/41€5k€25k▲
Trade receivables40-€2k
Other amounts receivable41€5k€23k▲
Current investments50/53-€85k
Cash at bank and in hand54/58€93k€28k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€160k€188k▲
Equity10/15€149k€124k▼
Contributions10/11€25k€25k=
Reserves13€125k€99k▼
Distributable reserves133€125k€99k▼
Amounts payable17/49€10k€64k▲
Amounts payable within one year42/48€10k€64k▲
Current portion of amounts payable after more than one year42€2k€2k=
Trade debts44€4k€204▼
Suppliers440/4€4k€204▼
Taxes, remuneration and social security45€3k€7k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9€1k€244▼
Other amounts payable47/48€1k€54k▲
Income statement
Code20242025
Non-recurring operating income76A-€37k
Remuneration, social security and pensions62€9k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€11k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€52k€65k▲
Operating profit (loss)9901€23k€46k▲
Financial income75/76B€2k€974▼
Recurring financial income75€2k€974▼
Financial charges65/66B€58€251▲
Recurring financial charges65€58€251▲
Profit (loss) for the period before taxes9903€25k€47k▲
Income taxes67/77€7k€15k▲
Profit (loss) for the period9904€18k€32k▲
Profit (loss) for the period to be appropriated9905€18k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€32k▲
Transfer from equity791/2-€57k
Transfer to equity691/2€18k€32k▲
To other reserves6921€18k€32k▲
Profit to be distributed694/7-€57k
Return on contributions (dividend)694-€57k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €32k ▲81.5%
Operating result €46k, net result €32k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 10.29
Current ratio from 4.47 to 10.29; short-term debt falls from €18k to €10k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.47
Current ratio from 2.03 to 4.47; short-term debt falls from €27k to €18k.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €110k ▲16.7%
5 profitable years in a row build equity to €110k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 1.05
Current ratio from 0.43 to 1.05.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 1993
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.
Bouvaertlaan 292050 AntwerpenGround area
662 m²
Building footprint
662 m²
Volume, LiDAR
8,593 m³
Parcel 11813N0725/00G000, Flanders · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SAN MARCO
since 19932.064.707.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0725/00G000 | Flanders | 662 m² | 1 · 662 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HS BRUGGE
BE 0769.917.506
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Villa Anamma
BE 0759.987.971
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Bjorn V. Tilborgh
BE 1002.573.291
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AC ORCHIDEA
BE 0799.808.847
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BELRODA
BE 0841.791.734
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,320 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-1993
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.