SANIMATT
InactiveSANIMATT was declared bankrupt on 28-03-2023 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 25-06-2024, published in the Belgian State Gazette on 01-07-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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 · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-01-2023, 180 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
180 d late
2020
31 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 79 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€45,879▲ 170%
2020 · €16,978
Total assets
€133,545▼ 70.0%
2020 · €445,588
Net result
€28,901
2020 · -€6,258
Working capital
€47,844
2020 · -€25,981
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
Line2018201920202021
Operating result€5,010--€9,813€2,938€34,594▲ 1,077%
Net result-€1,708--€14,594▼ 754%-€6,258▲ 57.1%€28,901
Equity€37,831-€23,236▼ 38.6%€16,978▼ 26.9%€45,879▲ 170%
Total assets€290,368-€238,392▼ 17.9%€445,588▲ 86.9%€133,545▼ 70.0%
Debt€252,538-€215,156▼ 14.8%€428,610▲ 99.2%€87,667▼ 79.5%
Working capital€40,099-€14,608▼ 63.6%-€25,981€47,844
Staff (FTE)1-1=0.8▼ 20.0%1.7▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 1,077% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €133,545
Fixed assets
€14,659 ▼ 94.4%
Current assets
€118,886 ▼ 35.4%
Equity and liabilities €133,545
Equity
€45,879 ▲ 170%
Debt
€87,667 ▼ 79.5%
Debt's share of the balance-sheet total falls from 96.2% to 65.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,534▼
2020 · €65,766
Cash flow
€32,841▼
2020 · €56,570
Current ratio
1.67▲
2020 · 0.88
Quick ratio
1.67▲
2020 · 0.88
Debt to equity
1.91▼
2020 · 12.87
ROE
63.0%▲
2020 · -36.9%
ROA
21.6%▲
2020 · -1.4%
Interest coverage
6.66
Debt ≤ 1 year
€71,042▼
2020 · €210,152
Debt > 1 year
€16,625▼
2020 · €218,458
Income taxes
€0▼
2020 · €154
Staff costs
€48,729
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,138 | - |
| Remuneration, social security and pensions62 | - | - | - | €48,729 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,633 | €40,172 | €62,828 | €3,940 | ▼ 93.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - |
| Other operating charges640/8 | - | - | - | €2,367 | - |
| Non-recurring operating charges66A | - | - | - | €16,797 | - |
| Gross operating margin9900 | €87,502 | €72,908 | €133,962 | €106,427 | ▼ 20.6% |
| Operating profit (loss)9901 | €5,010 | -€9,813 | €2,938 | €34,594 | ▲ 1,077% |
| Financial income75/76B | - | - | - | €96 | - |
| Recurring financial income75 | €483 | €204 | €175 | €96 | ▼ 45.1% |
| Financial charges65/66B | - | - | - | €5,790 | - |
| Recurring financial charges65 | €4,476 | €4,726 | €9,218 | €5,790 | ▼ 37.2% |
| Profit (loss) for the period before taxes9903 | €1,017 | -€14,334 | -€6,104 | €28,901 | ▲ 573% |
| Income taxes67/77 | €2,726 | €260 | €154 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€1,708 | -€14,594 | -€6,258 | €28,901 | ▲ 562% |
| Profit (loss) for the period to be appropriated9905 | -€1,708 | -€14,594 | -€6,258 | €28,901 | ▲ 562% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €290,368 | €238,392 | €445,588 | €133,545 | ▼ 70.0% |
| Fixed assets21/28 | €123,279 | €132,356 | €261,418 | €14,659 | ▼ 94.4% |
| Tangible fixed assets22/27 | €123,279 | €132,356 | €261,418 | €14,659 | ▼ 94.4% |
| Plant, machinery and equipment23 | - | - | - | €1,174 | - |
| Furniture and vehicles24 | - | - | - | €13,485 | - |
| Leasing and similar rights25 | - | - | - | €0 | - |
| Current assets29/58 | €167,089 | €106,036 | €184,170 | €118,886 | ▼ 35.4% |
| Stocks and contracts in progress3 | €1,761 | €510 | €253 | €253 | = |
| Stocks30/36 | - | - | - | €253 | - |
| Amounts receivable within one year40/41 | €89,919 | €87,114 | €137,193 | €59,318 | ▼ 56.8% |
| Trade receivables40 | - | - | - | €52,175 | - |
| Other amounts receivable41 | - | - | - | €7,143 | - |
| Cash at bank and in hand54/58 | €71,773 | €16,671 | €44,327 | €59,315 | ▲ 33.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €290,368 | €238,392 | €445,588 | €133,545 | ▼ 70.0% |
| Equity10/15 | €37,831 | €23,236 | €16,978 | €45,879 | ▲ 170% |
| Contributions10/11 | €6,200 | - | - | €6,200 | - |
| Reserves13 | €33,339 | €33,339 | €33,339 | €39,679 | ▲ 19.0% |
| Non-distributable reserves130/1 | - | - | - | €867 | - |
| Reserves not available under the articles1311 | - | - | - | €867 | - |
| Tax-exempt reserves132 | - | - | - | €16,000 | - |
| Distributable reserves133 | - | - | - | €22,812 | - |
| Profit (loss) carried forward14 | -€1,708 | -€16,303 | -€22,561 | €0 | ▲ 100% |
| Amounts payable17/49 | €252,538 | €215,156 | €428,610 | €87,667 | ▼ 79.5% |
| Amounts payable after more than one year17 | €125,547 | €123,231 | €218,458 | €16,625 | ▼ 92.4% |
| Financial debts170/4 | - | - | - | €16,625 | - |
| Amounts payable within one year42/48 | €126,990 | €91,428 | €210,152 | €71,042 | ▼ 66.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,611 | - |
| Trade debts44 | €56,759 | €41,426 | €114,105 | €7,254 | ▼ 93.6% |
| Suppliers440/4 | - | - | - | €7,254 | - |
| Advances received on contracts in progress46 | - | - | - | €41,140 | - |
| Taxes, remuneration and social security45 | - | - | - | €154 | - |
| Taxes450/3 | - | - | - | €154 | - |
| Remuneration and social security454/9 | - | - | - | €0 | - |
| Other amounts payable47/48 | - | - | - | €7,883 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,708 | -€14,594 | -€6,258 | €28,901 | ▲ 562% |
| + Depreciation and write-downs630 | €34,633 | €40,172 | €62,828 | €3,940 | ▼ 93.7% |
| Operating cash flow (approximation) | €32,925 | €25,578 | €56,570 | €32,841 | ▼ 41.9% |
| Investment in fixed assets (approximation) | - | -€49,249 | -€191,890 | €242,819 | ▲ 227% |
| Change in cash | - | -€55,102 | €27,657 | €14,988 | ▼ 45.8% |
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
2024
01-07
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 25-06-2024
2023
03-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 28-03-2023
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 180 days late
2021
31-12
Financial
Back to profitnet €28,901
Net result €28,901 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet -€14,594
Net result drops to -€14,594, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 acts for this company are 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Yves PYNAERT KORTRIJKSE HEERWEG 80, 8540 DEER-
LIJK |
28-03-2023 → 25-06-2024 |