SANMACI
ActiveSANMACI has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €379k and a net result of €182k. Equity is growing by ~43.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 13071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
76
/ 100
Excellent▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency65▼-2
Growth78=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.22 in 2024), and 59.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.4%
Return on assets
19.4%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
42 d late
2024
51 d late
2023
31 d late
2022
17 d late
2021
19 d late
2020
25 d late
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€182k▼ 0.2%
2024 · €182k
2018: €3k
2019: €5k
2020: €14k
2021: €44k
2022: €24k
2023: €44k
2024: €182k
2018 → 2025
Working capital
€67k▼ 21.9%
2024 · €86k
2018: €-19k
2019: €13k
2020: €-8k
2021: €-41k
2022: €15k
2023: €12k
2024: €86k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€123k▲ 23.8%€175k▲ 42.0%€267k▲ 52.9%€379k▲ 42.0%
Operating result€55k-€35k▼ 37.1%€54k▲ 57.0%€247k▲ 356%€237k▼ 4.1%
Net result€44k-€24k▼ 46.3%€44k▲ 86.0%€182k▲ 310%€182k▼ 0.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €938k
Fixed assets
€311k▲ 73.1%
Current assets
€627k▲ 29.6%
Equity and liabilities €939k
Equity
€379k▲ 42.0%
Debt
€559k▲ 40.7%
The debt ratio falls from 59.8% to 59.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€285k▼
2024 · €298k
Cash flow
€229k▼
2024 · €233k
Solvency
40.4%▲
2024 · 40.2%
Current ratio
1.12▼
2024 · 1.22
Quick ratio
0.98▼
2024 · 1.02
Debt / equity
1.48▼
2024 · 1.49
ROE
48.0%▼
2024 · 68.3%
ROA
19.4%▼
2024 · 27.4%
Interest coverage
178.48▲
2024 · 97.55
Debt
€559k▲
2024 · €397k
Debt ≤ 1 year
€559k▲
2024 · €397k
Income taxes
€53k▼
2024 · €63k
Staff costs
€750k▼
2024 · €863k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€665k€939k▲
Formation expenses20€1k€763▼
Fixed assets21/28€180k€311k▲
Tangible fixed assets22/27€176k€307k▲
Plant, machinery and equipment23€53k€190k▲
Furniture and vehicles24€3k€5k▲
Other tangible fixed assets26€120k€112k▼
Financial fixed assets28€4k€4k=
Current assets29/58€484k€627k▲
Stocks and contracts in progress3€79k€76k▼
Stocks30/36€79k€76k▼
Amounts receivable within one year40/41€10k€7k▼
Trade receivables40€9k-
Other amounts receivable41€701€7k▲
Cash at bank and in hand54/58€385k€535k▲
Deferred charges and accrued income490/1€9k€9k=
Equity and liabilities
Total equity and liabilities10/49€665k€939k▲
Equity10/15€267k€379k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€259k€371k▲
Amounts payable17/49€397k€559k▲
Amounts payable within one year42/48€397k€559k▲
Current portion of amounts payable after more than one year42€31k€23k▼
Trade debts44€52k€157k▲
Suppliers440/4€52k€157k▲
Taxes, remuneration and social security45€225k€309k▲
Taxes450/3€84k€142k▲
Remuneration and social security454/9€142k€167k▲
Other amounts payable47/48€90k€70k▼
Income statement
Code20242025
Non-recurring operating income76A€376-
Remuneration, social security and pensions62€863k€750k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€47k▼
Other operating charges640/8€15k€6k▼
Non-recurring operating charges66A€308€45▼
Gross operating margin9900€1.18M€1.04M▼
Operating profit (loss)9901€247k€237k▼
Financial income75/76B€561€440▼
Recurring financial income75€561€440▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Non-recurring financial charges66B-€759
Profit (loss) for the period before taxes9903€245k€235k▼
Income taxes67/77€63k€53k▼
Profit (loss) for the period9904€182k€182k▼
Profit (loss) for the period to be appropriated9905€182k€182k▼
Appropriation of the result
Profit (loss) to be appropriated9906€349k€441k▲
Profit (loss) brought forward from the previous period14P€167k€259k▲
Profit to be distributed694/7€90k€70k▼
Return on contributions (dividend)694€90k€70k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 42 days late
2025
20-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 51 days late
2024
31-12
Financial
Highest result since 2018net €182k ▲310%
Operating result €247k, net result €182k, both a record.
31-12
Financial
Equity above €200kEq €267k ▲52.9%
7 profitable years in a row build equity to €267k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €150kEq €175k ▲42%
6 profitable years in a row build equity to €175k.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Equity above €100kEq €123k ▲23.8%
5 profitable years in a row build equity to €123k.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Ciney · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Commerce 1605590 CineyGround area
881 m²
Building footprint
256 m²
Parcel 91030A0354/00B004, Wallonia. Linked by address, not a title deed.
1 establishment unit
IL SAN MARINO
since 20142.233.343.836
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030A0354/00B004 | Wallonia | 881 m² | 1 · 256 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCiney2.233.343.836
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Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 6,980 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-08-2014
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.