SANAC LOGISTICS
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 deadline23-09-2026 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 09-05-2023, 83 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
83 d early
2021
101 d early
2020
96 d early
2019
79 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, full schema
Turnover
€6.83M▼ 4.4%
2021 · €7.15M
2018: €6.70M
2019: €6.53M
2020: €7.35M
2021: €7.15M
2018 → 2022
EBIT margin
-2.9%▼ 20.8pp
2021 · 17.9%
2018: 12.0%
2019: 7.2%
2020: 12.1%
2021: 17.9%
2018 → 2022
Net result
€-177k
2021 · €944k
2018: €536k
2019: €283k
2020: €650k
2021: €944k
2018 → 2022
Working capital
€1.19M▼ 25.0%
2021 · €1.58M
2018: €-491k
2019: €-627k
2020: €340k
2021: €1.58M
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€6.70M-€6.53M▼ 2.6%€7.35M▲ 12.6%€7.15M▼ 2.7%€6.83M▼ 4.4%
Equity€12.79M-€13.08M▲ 2.2%€13.63M▲ 4.2%€2.43M▼ 82.2%€2.25M▼ 7.3%
Operating result€802k-€468k▼ 41.6%€888k▲ 89.6%€1.28M▲ 44.2%€-198k
Net result€536k-€283k▼ 47.2%€650k▲ 130%€944k▲ 45.2%€-177k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €198k after €1.28M in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4.27M
Fixed assets
€1.07M▲ 25.3%
Current assets
€3.21M▲ 35.7%
Equity and liabilities €4.27M
Equity
€2.25M▼ 7.3%
Debt
€2.02M▲ 157%
The debt ratio rises from 24.5% to 47.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€81k▼
2021 · €1.49M
Cash flow
€103k▼
2021 · €1.16M
Solvency
52.7%▼
2021 · 75.5%
Current ratio
1.59▼
2021 · 3.03
Quick ratio
1.59▼
2021 · 3.03
Debt / equity
0.90▲
2021 · 0.32
ROE
-7.8%▼
2021 · 38.9%
ROA
-4.1%▼
2021 · 29.4%
Interest coverage
58.63▼
2021 · 10253.16
Debt
€2.02M▲
2021 · €786k
Debt ≤ 1 year
€2.02M▲
2021 · €779k
Income taxes
€95▼
2021 · €342k
Staff costs
€115k▲
2021 · €97k
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€3.21M€4.27M▲
Fixed assets21/28€852k€1.07M▲
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€844k€1.06M▲
Plant, machinery and equipment23€367k€327k▼
Furniture and vehicles24€477k€735k▲
Current assets29/58€2.36M€3.21M▲
Amounts receivable within one year40/41€2.35M€3.18M▲
Trade receivables40€1.16M€1.14M▼
Other amounts receivable41€1.20M€2.04M▲
Deferred charges and accrued income490/1€9k€26k▲
Equity and liabilities
Total equity and liabilities10/49€3.21M€4.27M▲
Equity10/15€2.43M€2.25M▼
Contributions10/11€911k€911k=
Reserves13€1.52M€1.34M▼
Tax-exempt reserves132€8k€8k=
Distributable reserves133€1.51M€1.33M▼
Amounts payable17/49€786k€2.02M▲
Amounts payable within one year42/48€779k€2.02M▲
Trade debts44€435k€1.67M▲
Suppliers440/4€435k€1.67M▲
Taxes, remuneration and social security45€344k€344k=
Taxes450/3€344k€344k=
Accrued charges and deferred income492/3€7k€5k▼
Income statement
Code20212022
Operating income70/76A€9.23M€7.00M▼
Turnover70€7.15M€6.83M▼
Other operating income74€157k€115k▼
Non-recurring operating income76A€1.93M€50k▼
Operating charges60/66A€7.95M€7.20M▼
Goods for resale, raw materials and consumables60€77k€72k▼
Purchases600/8€77k€72k▼
Services and other goods61€7.25M€6.45M▼
Remuneration, social security and pensions62€97k€115k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213k€279k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-14k
Other operating charges640/8€274k€278k▲
Non-recurring operating charges66A€40k€17k▼
Operating profit (loss)9901€1.28M€-198k▼
Financial income75/76B€6k€23k▲
Recurring financial income75€6k€23k▲
Income from current assets751€6k€23k▲
Other financial income752/9€5€0▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Debt charges650€146-
Other financial charges652/9€1k€1k▲
Profit (loss) for the period before taxes9903€1.29M€-177k▼
Income taxes67/77€342k€95▼
Taxes670/3€366k€95▼
Tax adjustments and reversals of tax provisions77€24k-
Profit (loss) for the period9904€944k€-177k▼
Profit (loss) for the period to be appropriated9905€944k€-177k▼
Appropriation of the result
Profit (loss) to be appropriated9906€944k€-177k▼
Transfer from equity791/2-€177k
From reserves792-€177k
Transfer to equity691/2€944k-
To other reserves6921€944k-
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (48 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-177k ▼119%
Net result drops to €-177k, the lowest in the series.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €944k ▲45.2%
Operating result €1.28M, net result €944k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 1.09 to 3.03; short-term debt falls from €3.87M to €779k.
25-08
State Gazette act
General meeting · Demerger
Accounting effect · Power of attorney
23-06
State Gazette act
Board meeting · Demerger
Accounting effect · Real estate
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.09
Current ratio from 0.50 to 1.09.
22-07
State Gazette act
General meeting · Demerger
Share issue · Accounting effect · Patrick COPPIETERS 't WALLANT
13-05
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
30-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
22-04
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.
Structure & network
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 15,000 EUR awarded · 15,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 15,000 EUR | 15,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)