SANKTA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-07-2026 at the NBB all 5 filings
Turnover
€102,932▲ 13×
2022 · €7,962
EBIT margin
-8.1%▲ 9.7pp
2022 · -17.7%
Net result
€49,569▲ 594%
2024 · €7,138
Working capital
€111,570▲ 218%
2024 · €35,119
Multi-year overview
2022 to 2025, 5 financial yearsTurnover
no figure
2025
20222025
Operating result
€66,068
▲ 467%
2025
20222025
Net result
€49,569
▲ 594%
2025
highest quarter of the sector
20222025
EBIT margin
no figure
2025
20222025
Equity
€98,006
▲ 101%
2025
middle half of the sector
20222025
Total assets
€405,434
▲ 43.1%
2025
highest quarter of the sector
20222025
Debt
€307,008
▲ 31.1%
2025
20222025
Working capital
€111,570
▲ 218%
2025
highest quarter of the sector
20222025
Solvency
24.2%
▲ 7.0pp
2025
middle half of the sector
20222025
Current ratio
1.44
▲ 0.28
2025
middle half of the sector
20222025
Return on assets (ROA)
12.2%
▲ 9.7pp
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20222022202320242025
Turnover€7,962-€102,932-
Operating result-€1,413--€8,302-€11,453€11,653▲ 1.7%€66,068▲ 467%
Net result-€1,413within the sector's middle half--€7,969below the sector's middle half-€10,401within the sector's middle half€7,138within the sector's middle half▼ 31.4%€49,569above the sector's middle half▲ 594%
EBIT margin-17.7%--8.1%-
Equity€14,587within the sector's middle half-€29,218within the sector's middle half-€42,319within the sector's middle half▲ 44.8%€48,677within the sector's middle half▲ 15.0%€98,006within the sector's middle half▲ 101%
Total assets€25,151below the sector's middle half-€99,645within the sector's middle half-€187,249within the sector's middle half▲ 87.9%€283,370within the sector's middle half▲ 51.3%€405,434above the sector's middle half▲ 43.1%
Debt€10,564-€70,427-€144,930▲ 106%€234,213▲ 61.6%€307,008▲ 31.1%
Working capital€12,575within the sector's middle half-€21,747within the sector's middle half-€34,901within the sector's middle half▲ 60.5%€35,119within the sector's middle half▲ 0.6%€111,570above the sector's middle half▲ 218%
Solvency58.0%within the sector's middle half-29.3%within the sector's middle half-22.6%within the sector's middle half▼ 6.7pp17.2%within the sector's middle half▼ 5.4pp24.2%within the sector's middle half▲ 7.0pp
Current ratio2.20within the sector's middle half-1.32within the sector's middle half-1.25within the sector's middle half▼ 0.071.15within the sector's middle half▼ 0.091.44within the sector's middle half▲ 0.28
Return on assets (ROA)-5.6%below the sector's middle half--8.0%below the sector's middle half-5.6%within the sector's middle half▲ 13.6pp2.5%within the sector's middle half▼ 3.0pp12.2%within the sector's middle half▲ 9.7pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Several financial years end in the same calendar year, so there is no annual trend.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404,894
Fixed assets
€37,987 ▲ 100.0%
Current assets
€366,907 ▲ 39.3%
Equity and liabilities €405,434
Equity
€98,006 ▲ 101%
Provisions
€420 ▼ 12.5%
Debt
€307,008 ▲ 31.1%
Debt's share of the balance-sheet total falls from 82.7% to 75.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72,632▲
2024 · €14,404
Cash flow
€56,133▲
2024 · €9,889
Quick ratio
0.63▲
2024 · 0.37
Debt to equity
3.13▼
2024 · 4.81
ROE
50.6%▲
2024 · 14.7%
Interest coverage
10.67▲
2024 · 3.31
Debt ≤ 1 year
€255,337▲
2024 · €228,231
Debt > 1 year
€40,320
Income taxes
€11,361▲
2024 · €1,177
Supplier credit
14 days▲
2024 · 12 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-01-2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | - | - | €100,000 | €100,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-01-2022 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €966 | €8,086 | €3,054 | €8,123 | €2,136 |
| Intangible fixed assets | - | - | - | €2,885 | €22,935 |
| Depreciation and write-downs of the year | €166 | €678 | €1,944 | €2,751 | €6,564 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €195 awarded · €195 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €195 |
| 2023 | 1 | €195 | €0 |
Annual accounts
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €7,962 | €102,932 | - | - | - | - |
| Non-recurring operating income76A | €8 | €219 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €9,208 | €110,375 | €390,282 | €548,311 | €706,871 | ▲ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166 | €678 | €1,944 | €2,751 | €6,564 | ▲ 139% |
| Other operating charges640/8 | €1 | €256 | €2,040 | €506 | €639 | ▲ 26.3% |
| Non-recurring operating charges66A | - | €141 | - | - | - | - |
| Gross operating margin9900 | -€1,246 | -€7,227 | €15,437 | €14,910 | €73,271 | ▲ 391% |
| Operating profit (loss)9901 | -€1,413 | -€8,302 | €11,453 | €11,653 | €66,068 | ▲ 467% |
| Financial income75/76B | - | €540 | €448 | €955 | €1,607 | ▲ 68.3% |
| Recurring financial income75 | - | €540 | €448 | €955 | €1,097 | ▲ 14.9% |
| Non-recurring financial income76B | - | - | - | - | €510 | - |
| Financial charges65/66B | - | €207 | €824 | €4,353 | €6,805 | ▲ 56.3% |
| Recurring financial charges65 | - | €207 | €824 | €4,353 | €6,805 | ▲ 56.3% |
| Profit (loss) for the period before taxes9903 | -€1,413 | -€7,969 | €11,077 | €8,255 | €60,870 | ▲ 637% |
| Transfer from deferred taxes780 | - | - | €60 | €60 | €60 | = |
| Income taxes67/77 | - | - | €676 | €1,177 | €11,361 | ▲ 865% |
| Profit (loss) for the period9904 | -€1,413 | -€7,969 | €10,401 | €7,138 | €49,569 | ▲ 594% |
| Profit (loss) for the period to be appropriated9905 | -€1,413 | -€7,969 | €10,401 | €7,138 | €49,569 | ▲ 594% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,151 | €99,645 | €187,249 | €283,370 | €405,434 | ▲ 43.1% |
| Formation expenses20 | €1,154 | €1,804 | €1,514 | €1,026 | €540 | ▼ 47.4% |
| Fixed assets21/28 | €915 | €8,653 | €10,249 | €18,994 | €37,987 | ▲ 100.0% |
| Intangible fixed assets21 | - | - | - | €2,699 | €22,440 | ▲ 731% |
| Tangible fixed assets22/27 | €915 | €8,653 | €10,249 | €16,295 | €15,547 | ▼ 4.6% |
| Plant, machinery and equipment23 | €362 | €309 | €3,412 | €6,339 | €6,908 | ▲ 9.0% |
| Furniture and vehicles24 | €553 | €2,819 | €805 | €703 | €478 | ▼ 32.0% |
| Other tangible fixed assets26 | - | €5,525 | €6,032 | €9,253 | €8,161 | ▼ 11.8% |
| Current assets29/58 | €23,082 | €89,188 | €175,486 | €263,350 | €366,907 | ▲ 39.3% |
| Stocks and contracts in progress3 | €17,018 | €62,703 | €138,893 | €178,821 | €205,922 | ▲ 15.2% |
| Stocks30/36 | €17,018 | €62,703 | €138,893 | €178,821 | €205,922 | ▲ 15.2% |
| Amounts receivable within one year40/41 | €3,136 | €15,522 | €20,788 | €23,077 | €35,671 | ▲ 54.6% |
| Trade receivables40 | €2,950 | €9,672 | €14,048 | €17,227 | €29,821 | ▲ 73.1% |
| Other amounts receivable41 | €186 | €5,850 | €6,740 | €5,850 | €5,850 | = |
| Cash at bank and in hand54/58 | €2,859 | €10,292 | €2,922 | €55,388 | €123,345 | ▲ 123% |
| Deferred charges and accrued income490/1 | €69 | €671 | €12,883 | €6,064 | €1,969 | ▼ 67.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,151 | €99,645 | €187,249 | €283,370 | €405,434 | ▲ 43.1% |
| Equity10/15 | €14,587 | €29,218 | €42,319 | €48,677 | €98,006 | ▲ 101% |
| Contributions10/11 | €16,000 | €38,600 | €38,600 | €38,600 | €38,600 | = |
| Profit (loss) carried forward14 | -€1,413 | -€9,382 | €1,019 | €8,157 | €57,726 | ▲ 608% |
| Investment grants15 | - | - | €2,700 | €1,920 | €1,680 | ▼ 12.5% |
| Provisions and deferred taxes16 | - | - | €540 | €480 | €420 | ▼ 12.5% |
| Deferred taxes168 | - | - | €540 | €480 | €420 | ▼ 12.5% |
| Amounts payable17/49 | €10,564 | €70,427 | €144,930 | €234,213 | €307,008 | ▲ 31.1% |
| Amounts payable after more than one year17 | - | - | - | - | €40,320 | - |
| Financial debts170/4 | - | - | - | - | €40,320 | - |
| Amounts payable within one year42/48 | €10,507 | €67,441 | €140,585 | €228,231 | €255,337 | ▲ 11.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11,414 | - |
| Financial debts43 | - | - | €9,008 | - | - | - |
| Credit institutions430/8 | - | - | €9,008 | - | - | - |
| Trade debts44 | €1,925 | €9,518 | €26,428 | €18,293 | €27,664 | ▲ 51.2% |
| Suppliers440/4 | €1,925 | €9,518 | €26,428 | €18,293 | €27,664 | ▲ 51.2% |
| Advances received on contracts in progress46 | €2,253 | €10,242 | €25,461 | €46,768 | €52,674 | ▲ 12.6% |
| Taxes, remuneration and social security45 | €1,309 | €4,144 | €14,001 | €29,079 | €43,765 | ▲ 50.5% |
| Taxes450/3 | €1,309 | €4,144 | €14,001 | €29,079 | €43,365 | ▲ 49.1% |
| Remuneration and social security454/9 | - | - | - | - | €400 | - |
| Other amounts payable47/48 | €5,020 | €43,537 | €65,687 | €134,091 | €119,820 | ▼ 10.6% |
| Accrued charges and deferred income492/3 | €57 | €2,986 | €4,345 | €5,982 | €11,351 | ▲ 89.8% |
| Line | 2022 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,413 | -€7,969 | €10,401 | €7,138 | €49,569 | ▲ 594% |
| + Depreciation and write-downs630 | €166 | €678 | €1,944 | €2,751 | €6,564 | ▲ 139% |
| Operating cash flow (approximation) | -€1,247 | -€7,291 | €12,345 | €9,889 | €56,133 | ▲ 468% |
| Investment in fixed assets (approximation) | - | - | -€3,540 | -€11,496 | -€25,557 | ▼ 122% |
| Change in cash | - | - | -€7,370 | €52,466 | €67,957 | ▲ 29.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,713 companies had the same profile as SANKTA has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.2%
stopped otherwise
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SANKTA itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,713 companies, not a prediction for SANKTA. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00339181 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00323451 | |
| 31-12-2023 | micro format | 05-05-2025 | 2025-00086884 | |
| 31-12-2022 | micro format | 18-07-2023 | 2023-00245503 | |
| 31-01-2022 | micro format | 31-07-2022 | 2022-20274330 |