SANAC
InactiveNo longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 12-05-2023, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
80 d early
2021
101 d early
2020
96 d early
2019
81 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, full schema
Turnover
€101.84M▼ 1.9%
2021 · €103.81M
2018: €82.72M
2019: €88.56M
2020: €93.87M
2021: €103.81M
2018 → 2022
EBIT margin
5.5%▼ 4.5pp
2021 · 10.0%
2018: 8.4%
2019: 9.3%
2020: 10.2%
2021: 10.0%
2018 → 2022
Net result
€4.22M▼ 43.4%
2021 · €7.46M
2018: €4.79M
2019: €5.54M
2020: €6.93M
2021: €7.46M
2018 → 2022
Working capital
€49.63M▲ 10.7%
2021 · €44.84M
2018: €25.73M
2019: €31.48M
2020: €38.37M
2021: €44.84M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€82.72M-€88.56M▲ 7.1%€93.87M▲ 6.0%€103.81M▲ 10.6%€101.84M▼ 1.9%
Equity€26.19M-€31.74M▲ 21.2%€38.57M▲ 21.5%€46.03M▲ 19.3%€50.25M▲ 9.2%
Operating result€6.98M-€8.20M▲ 17.5%€9.62M▲ 17.2%€10.39M▲ 8.1%€5.59M▼ 46.2%
Net result€4.79M-€5.54M▲ 15.9%€6.93M▲ 25.0%€7.46M▲ 7.6%€4.22M▼ 43.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 46% below 2021 and is the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €64.13M
Fixed assets
€1.03M▼ 18.1%
Current assets
€63.10M▲ 13.8%
Equity and liabilities €64.13M
Equity
€50.25M▲ 9.2%
Provisions
€338k
Debt
€13.54M▲ 26.7%
The debt ratio rises from 18.8% to 21.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5.88M▼
2021 · €10.54M
Cash flow
€4.50M▼
2021 · €7.60M
Solvency
78.4%▼
2021 · 81.2%
Current ratio
4.69▼
2021 · 5.22
Quick ratio
3.19▼
2021 · 3.67
Debt / equity
0.27▲
2021 · 0.23
ROE
8.4%▼
2021 · 16.2%
ROA
6.6%▼
2021 · 13.2%
Interest coverage
4442.67▼
2021 · 52848.54
Debt
€13.54M▲
2021 · €10.69M
Debt ≤ 1 year
€13.47M▲
2021 · €10.61M
Income taxes
€1.53M▼
2021 · €2.83M
Staff costs
€25k▲
2021 · €15k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€56.72M€64.13M▲
Fixed assets21/28€1.26M€1.03M▼
Intangible fixed assets21€723k€568k▼
Tangible fixed assets22/27€540k€465k▼
Plant, machinery and equipment23€514k€448k▼
Furniture and vehicles24€26k€17k▼
Current assets29/58€55.46M€63.10M▲
Stocks and contracts in progress3€16.51M€20.12M▲
Stocks30/36€16.51M€20.12M▲
Raw materials and consumables30/31€404k€446k▲
Work in progress32-€5k
Finished goods33€975k€1.15M▲
Goods purchased for resale34€15.07M€18.44M▲
Advance payments36€66k€82k▲
Amounts receivable within one year40/41€38.88M€42.92M▲
Trade receivables40€19.32M€16.41M▼
Other amounts receivable41€19.56M€26.51M▲
Cash at bank and in hand54/58€59k€41k▼
Deferred charges and accrued income490/1€5k€13k▲
Equity and liabilities
Total equity and liabilities10/49€56.72M€64.13M▲
Equity10/15€46.03M€50.25M▲
Contributions10/11€62k€62k=
Reserves13€45.97M€50.19M▲
Tax-exempt reserves132€3.59M€2.00M▼
Distributable reserves133€42.38M€48.19M▲
Provisions and deferred taxes16-€338k
Provisions for liabilities and charges160/5-€338k
Other liabilities and charges164/5-€338k
Amounts payable17/49€10.69M€13.54M▲
Amounts payable within one year42/48€10.61M€13.47M▲
Trade debts44€8.15M€10.92M▲
Suppliers440/4€8.15M€10.92M▲
Taxes, remuneration and social security45€2.46M€2.54M▲
Taxes450/3€2.46M€2.54M▲
Accrued charges and deferred income492/3€75k€74k▼
Income statement
Code20212022
Operating income70/76A€104.11M€102.57M▼
Turnover70€103.81M€101.84M▼
Change in stocks of work in progress, finished goods and contracts in progress71€64k€179k▲
Other operating income74€213k€550k▲
Non-recurring operating income76A€23k-
Operating charges60/66A€93.71M€96.97M▲
Goods for resale, raw materials and consumables60€77.04M€78.14M▲
Purchases600/8€79.45M€81.93M▲
Change in stocks: decrease (increase)609€-2.40M€-3.79M▼
Services and other goods61€15.18M€17.89M▲
Remuneration, social security and pensions62€15k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€283k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1.26M€166k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€338k
Other operating charges640/8€65k€134k▲
Operating profit (loss)9901€10.39M€5.59M▼
Financial income75/76B€444k€741k▲
Recurring financial income75€444k€741k▲
Income from current assets751€135k€261k▲
Other financial income752/9€309k€480k▲
Financial charges65/66B€550k€585k▲
Recurring financial charges65€550k€585k▲
Debt charges650€199€1k▲
Other financial charges652/9€550k€584k▲
Profit (loss) for the period before taxes9903€10.29M€5.75M▼
Income taxes67/77€2.83M€1.53M▼
Taxes670/3€2.83M€1.53M▼
Tax adjustments and reversals of tax provisions77€2k-
Profit (loss) for the period9904€7.46M€4.22M▼
Transfer from tax-exempt reserves789€742k€1.59M▲
Profit (loss) for the period to be appropriated9905€8.20M€5.81M▼
Appropriation of the result
Profit (loss) to be appropriated9906€8.20M€5.81M▼
Transfer to equity691/2€8.20M€5.81M▼
To other reserves6921€8.20M€5.81M▼
The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
18-01
State Gazette act
General meeting · Merger
Dissolution · Accounting effect · Patrick Coppieters 't Wallant
2022
31-12
Financial
Weakest financial yearnet €4.22M ▼43.4%
Net result drops to €4.22M, the lowest in the series.
31-12
Financial
Equity above €50MEq €50.25M ▲9.2%
5 profitable years in a row build equity to €50.25M.
14-11
State Gazette act
Merger · Accounting effect
Net-asset statement · Shareholder
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €7.46M ▲7.6%
Operating result €10.39M, net result €7.46M, both a record.
22-11
State Gazette act
Merger · Accounting effect
Net-asset statement · Share issue
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
State Gazette act
General meeting · Demerger
Capital increase · Share issue · Patrick Coppieters 't Wallant
26-05
State Gazette act
Demerger · Accounting effect
Share issue · Power of attorney
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
22-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
24-04
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 20 acts read
About the unread acts
We know of 20 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
3 transactionsTaken over by:Arvesta Belgium
Received a contribution from:Arvesta Belgium
Contributed a business line to:ARVESTA BELGIUM