Santo (0736.874.752): financials and annual accounts

Santo

Antwerp ·KBO/BCE: BE 0736.874.752

Line	2024	2023	2021	2020
Balance sheet: assets
Total assets`20/58`	307,623	289,030	150,076	139,181
Fixed assets`21/28`	187,750	133,979	136,068	132,508
Tangible fixed assets`22/27`	187,750	133,979	136,068	132,508
Land and buildings`22`	131,423	105,325	-	-
Plant, machinery and equipment`23`	31,270	14,292	-	-
Furniture and vehicles`24`	25,058	14,363	19,889	26,483
Other tangible fixed assets`26`	-	-	116,178	106,025
Current assets`29/58`	119,873	155,051	14,008	6,673
Amounts receivable within one year`40/41`	37,400	117,439	660	-
Trade receivables`40`	37,400	116,960	495	-
Other amounts receivable`41`	-	479	165	-
Cash at bank and in hand`54/58`	82,473	37,612	13,348	6,673
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	307,623	289,030	150,076	139,181
Equity`10/15`	-50,118	-19,853	-5,248	-4,290
Contributions`10/11`	18,600	18,600	18,600	18,600
Capital`10`	18,600	18,600	-	-
Issued capital`100`	18,600	18,600	-	-
Profit (loss) carried forward`14`	-68,718	-38,453	-23,848	-22,890
Amounts payable`17/49`	357,740	308,883	155,323	143,471
Amounts payable after more than one year`17`	155,000	160,000	140,000	140,000
Financial debts`170/4`	155,000	160,000	140,000	140,000
Amounts payable within one year`42/48`	202,740	145,867	15,323	3,471
Current portion of amounts payable after more than one year`42`	-	-	0	816
Trade debts`44`	40,870	12,800	14,211	638
Suppliers`440/4`	40,870	12,800	14,211	638
Taxes, remuneration and social security`45`	25,887	8,775	398	1,231
Taxes`450/3`	23,282	2,141	0	833
Remuneration and social security`454/9`	2,606	6,634	398	398
Other amounts payable`47/48`	135,984	124,293	714	786
Accrued charges and deferred income`492/3`	-	3,016	-	-
Income statement
Gross operating margin`9900`	140,413	-28,835	-13,397	-27,227
Remuneration, social security and pensions`62`	148,323	40,770	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	18,062	1,827	18,642	14,870
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	0	4,124
Other operating charges`640/8`	3,841	1,519	768	1,140
Operating profit (loss)`9901`	-29,812	-72,950	-32,806	-47,361
Financial income`75/76B`	0	40	32,029	24,640
Recurring financial income`75`	0	40	32,029	24,640
Financial charges`65/66B`	453	128	181	169
Recurring financial charges`65`	453	128	181	169
Profit (loss) for the period before taxes`9903`	-30,265	-73,039	-957	-22,890
Profit (loss) for the period`9904`	-30,265	-73,039	-957	-22,890
Profit (loss) for the period to be appropriated`9905`	-30,265	-73,039	-957	-22,890
Appropriation of the result
Profit (loss) to be appropriated`9906`	-68,718	-38,453	-23,848	-22,890
Profit (loss) brought forward from the previous period`14P`	-38,453	34,586	-22,890	-
Social balance sheet
Average staff (FTE)`9087`	8.1	-	-	-
Hours worked`1013`	6,823	-	-	-
Document	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2024	micro format	29-10-2025	2025-00557510	PDF
31-12-2023	micro format	20-12-2024	2024-00622222	PDF
31-12-2021	micro format	26-07-2022	2022-20248254	PDF
31-12-2020	micro format	31-08-2021	2021-65200383	PDF

Line	2024	2023	2021	2020
EBITDA	-11,750	-71,123	-14,164	-32,491
Cash flow	-12,203	-71,212	17,685	-8,020
Investment in fixed assets	71,833	15,885	22,201	147,379
Change in cash	44,861	-	6,675	-
Working capital	-82,868	9,184	-1,315	3,201
Solvency	-16.3%	-6.9%	-3.5%	-3.1%
Current ratio	0.59	1.06	0.91	1.92
ROA	-9.8%	-25.3%	-0.6%	-16.4%
Interest coverage	-25.97	-553.58	-78.45	-

Item	31-12-2024
Employees at the balance-sheet date	13
full-time	7
part-time	6
in full-time equivalents	7.6
Average over the year, in full-time equivalents	6.9
On a permanent contract	13
Joined	47
Left	40

Item	2024	2023	2021
Tangible fixed assets	€71,833	€15,885	€22,201
Depreciation and write-downs of the year	€18,062	€1,827	€18,642

Santo

Annual accounts 2024

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-16.3%

Current ratio0.59

Return on assets-9.8%

Staff

Staff cost per FTE€18,311

Joined and left+7

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2024, 1 entry, €2,000 awarded, €2,000 paid

Key figures and ratios

Social balance sheet

Investments

Insights on Santo

Next steps