Result
-€15,192 -€15,192
From profit to loss in 2024, after a profit of €541,423 in 2023.
SAN MARINO
Lifetime
19 annual accounts with figures on one time axis, 40 filings since 1985peak €961,036 (2023)
€47,274▼ 95.1%
lowest -€97,822 (2021)
-€15,192▼ €556,615
peak €445,547 (2023)
€430,355▼ 3.4%
€588,937▼ 9.4%
peak 8.8 FTE (2014)
-not published
Board3 names since 2021
3 directors and 2 others
Documentsfilings and deeds
27-05-202565 days before the deadline
2024micro format
Gross margin from €961,036 to €47,274Loss of €15,1923 managers resigning, 3 directors reappointed 18-06Cash from €222 to €74
Key points
from the 2024 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,613 companies had the same profile as SAN MARINO has now. Each dot stands for 22 companies, two years later.
94.1%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,613 companies, not a prediction for SAN MARINO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director
Director
Director
- 125 sharesdeed of 14-03-2025
- 125 sharesdeed of 14-03-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0426396657
Merger: SAN MARINO takes over CASA BORSALINO
Dissolution of the company · Dissolved without liquidation · Books and records kept by SAN MARINO · General meeting of 19-05-2025 · Gazette deed
Merger proposal: San Marino takes over Casa Borsalino
holds 80 shares · holds 80 shares · holds 13 shares · Board meeting of 18-02-2025 · Gazette deed
3 managers resigning, 3 directors reappointed
Resignations: , and · Reappointments: , and · “Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met…” (deed in Dutch) · General meeting of 14-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SAN MARINO Ghent | €1.3m | €47,274 | 34.4% | - |
| ENGELS INVEST Aalter | €1.2m | €53,407 | 77.1% | - |
| TRAGELSPORT Aalst | €1.1m | €45,184 | 99.4% | - |
| LINDENBERG Zulte | €1.2m | €45,918 | 53.5% | - |
| VALIENTE INVEST Woluwe-Saint-Pierre | €1.2m | €43,712 | 18.9% | - |
| VADICO Deerlijk | €1.4m | €50,851 | 11.4% | - |
| HOF VAN TRIEST Wielsbeke | €1.3m | €56,546 | 10.4% | - |
These companies have the same main activity as SAN MARINO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1.1m and €1.4m, founded between 1982 and 1991.
Official details
Source: KBO- Status
- Active since 14-08-1984Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.025.583.0019000 Ghent, since 01-10-1984
- Financial year end
- 31 December
- Peppol
- Reachable since 05-08-2025
Insights on SAN MARINO
SAN MARINO files the micro format. That format states no turnover. The gross margin fell from €182,923 in 2006 to €47,274 in 2024.
The balance sheet grew most from 2015 to 2017 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SAN MARINO
- What is the company number of SAN MARINO?
- The company number of SAN MARINO is 0426.396.657. The VAT number is the same number with BE in front: BE 0426.396.657.
- Where is SAN MARINO based?
- The registered office is at Vlaanderenstraat 46, 9000 Ghent.Company details
- What does SAN MARINO do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of SAN MARINO?
- SAN MARINO is a private limited company (BV).
- When was SAN MARINO founded?
- SAN MARINO was founded on 14-08-1984.
- Is SAN MARINO still active?
- Yes, SAN MARINO is an active enterprise in the KBO register.
- How many employees does SAN MARINO have?
- SAN MARINO had an average of 1.5 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of SAN MARINO?
- The turnover in financial year 2024 is ≈ €80,000. This figure is estimated from the gross margin of €47,274 and 35 comparable companies (NACE 682). It probably lies between €58,000 and €120,000.
- Is SAN MARINO profitable?
- In financial year 2024, SAN MARINO made a loss of €15,192.
- Where can I find the annual accounts of SAN MARINO?
- SAN MARINO filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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