SFP
ActiveSummary
SFP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€55,023) and a net result of €33,965. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.14 in 2024; short-term debt: 178.1% and cash: 11.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-78.1%
Return on assets
48.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11502 sector peers (2025).
NBB · sector comparisonPosition among 11502 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
27 d late
2023
29 d late
2022
113 d late
2021
31 d late
2020
58 d late
2019
100 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 55 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€55,023▲ 38.2%
2024 · -€88,988
Total assets
€70,450▲ 17.6%
2024 · €59,889
Net result
€33,965▲ 4.7%
2024 · €32,449
Working capital
-€92,830▲ 27.4%
2024 · -€127,944
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€29,692▲ 24.9%€9,767-€15,445€31,614€34,019▲ 7.6%
Net result-€29,740below the sector's middle half▲ 24.9%€9,720within the sector's middle half-€15,509below the sector's middle half€32,449above the sector's middle half€33,965above the sector's middle half▲ 4.7%
Equity-€115,648below the sector's middle half▼ 34.6%-€105,928below the sector's middle half▲ 8.4%-€121,437below the sector's middle half▼ 14.6%-€88,988below the sector's middle half▲ 26.7%-€55,023below the sector's middle half▲ 38.2%
Total assets€27,852below the sector's middle half▼ 16.5%€28,905below the sector's middle half▲ 3.8%€21,826below the sector's middle half▼ 24.5%€59,889below the sector's middle half▲ 174%€70,450within the sector's middle half▲ 17.6%
Debt€143,500▲ 20.3%€134,833▼ 6.0%€143,263▲ 6.3%€148,877▲ 3.9%€125,472▼ 15.7%
Working capital-€120,092below the sector's middle half▼ 23.6%-€101,938below the sector's middle half▲ 15.1%-€122,602below the sector's middle half▼ 20.3%-€127,944below the sector's middle half▼ 4.4%-€92,830below the sector's middle half▲ 27.4%
Solvency-415.2%below the sector's middle half▼ 157.7pp-366.5%below the sector's middle half▲ 48.8pp-556.4%below the sector's middle half▼ 189.9pp-148.6%below the sector's middle half▲ 407.8pp-78.1%below the sector's middle half▲ 70.5pp
Current ratio0.09below the sector's middle half=0.17below the sector's middle half▲ 0.080.14below the sector's middle half▼ 0.020.14below the sector's middle half=0.26below the sector's middle half▲ 0.12
Return on assets (ROA)-106.8%below the sector's middle half▲ 11.9pp33.6%above the sector's middle half▲ 140.4pp-71.1%below the sector's middle half▼ 104.7pp54.2%above the sector's middle half▲ 125.2pp48.2%above the sector's middle half▼ 6.0pp
Staff (FTE)11=1=1=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,450
Fixed assets
€37,808 ▼ 2.9%
Current assets
€32,642 ▲ 55.9%
Key figures and ratios
EBITDA
€38,897▲
2024 · €37,323
Cash flow
€38,843▲
2024 · €38,157
Debt to equity
-2.28▼
2024 · -1.67
Interest coverage
720.31▲
2024 · 145.11
Debt ≤ 1 year
€125,472▼
2024 · €148,877
Staff costs
€1,357▲
2024 · €905
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,640 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €35,819 | €35,135 | €35,829 | €905 | €1,357 | ▲ 49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,850 | €7,850 | €7,545 | €5,709 | €4,877 | ▼ 14.6% |
| Other operating charges640/8 | €3,889 | €321 | €820 | €2,944 | €726 | ▼ 75.3% |
| Non-recurring operating charges66A | - | €120 | - | - | - | - |
| Gross operating margin9900 | €17,866 | €53,192 | €28,748 | €41,173 | €40,980 | ▼ 0.5% |
| Operating profit (loss)9901 | -€29,692 | €9,767 | -€15,445 | €31,614 | €34,019 | ▲ 7.6% |
| Financial income75/76B | - | €7 | €0 | €1,092 | - | - |
| Recurring financial income75 | - | €7 | €0 | €46 | - | - |
| Non-recurring financial income76B | - | - | - | €1,046 | - | - |
| Financial charges65/66B | €48 | €54 | €63 | €257 | €54 | ▼ 79.0% |
| Recurring financial charges65 | €48 | €54 | €63 | €257 | €54 | ▼ 79.0% |
| Profit (loss) for the period before taxes9903 | -€29,740 | €9,720 | -€15,509 | €32,449 | €33,965 | ▲ 4.7% |
| Profit (loss) for the period9904 | -€29,740 | €9,720 | -€15,509 | €32,449 | €33,965 | ▲ 4.7% |
| Profit (loss) for the period to be appropriated9905 | -€29,740 | €9,720 | -€15,509 | €32,449 | €33,965 | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,852 | €28,905 | €21,826 | €59,889 | €70,450 | ▲ 17.6% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €16,559 | €8,710 | €1,165 | €38,956 | €37,808 | ▼ 2.9% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €16,384 | €8,535 | €990 | €38,781 | €37,633 | ▼ 3.0% |
| Plant, machinery and equipment23 | €3,275 | €1,980 | €990 | €0 | €3,551 | - |
| Furniture and vehicles24 | €13,110 | €6,555 | €0 | €38,781 | €34,081 | ▼ 12.1% |
| Other tangible fixed assets26 | - | - | €0 | €0 | €0 | - |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €11,292 | €20,195 | €20,661 | €20,933 | €32,642 | ▲ 55.9% |
| Stocks and contracts in progress3 | €655 | €655 | €655 | - | - | - |
| Stocks30/36 | €655 | €655 | €655 | - | - | - |
| Amounts receivable within one year40/41 | €7,012 | €15,858 | €16,937 | €16,460 | €24,728 | ▲ 50.2% |
| Trade receivables40 | €6,997 | €15,843 | €16,922 | €16,445 | €24,713 | ▲ 50.3% |
| Other amounts receivable41 | €15 | €15 | €15 | €15 | €15 | = |
| Cash at bank and in hand54/58 | €3,626 | €3,683 | €577 | €3,833 | €7,914 | ▲ 106% |
| Deferred charges and accrued income490/1 | - | - | €2,492 | €640 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,852 | €28,905 | €21,826 | €59,889 | €70,450 | ▲ 17.6% |
| Equity10/15 | -€115,648 | -€105,928 | -€121,437 | -€88,988 | -€55,023 | ▲ 38.2% |
| Contributions10/11 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Capital10 | €7,000 | €7,000 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €11,600 | €11,600 | - | - | - | - |
| Reserves13 | €3,720 | €3,720 | €3,720 | €3,720 | €3,720 | = |
| Non-distributable reserves130/1 | €3,720 | €3,720 | - | - | - | - |
| Legal reserve130 | €3,720 | €3,720 | - | - | - | - |
| Distributable reserves133 | - | - | €3,720 | €3,720 | €3,720 | = |
| Profit (loss) carried forward14 | -€126,368 | -€116,648 | -€132,157 | -€99,708 | -€65,743 | ▲ 34.1% |
| Amounts payable17/49 | €143,500 | €134,833 | €143,263 | €148,877 | €125,472 | ▼ 15.7% |
| Amounts payable after more than one year17 | €4,815 | - | - | - | - | - |
| Financial debts170/4 | €4,815 | - | - | - | - | - |
| Amounts payable within one year42/48 | €131,385 | €122,133 | €143,263 | €148,877 | €125,472 | ▼ 15.7% |
| Current portion of amounts payable after more than one year42 | €6,420 | €4,815 | - | - | - | - |
| Trade debts44 | €4,944 | €5,933 | €4,866 | €408 | €12,101 | ▲ 2,865% |
| Suppliers440/4 | €4,944 | €5,933 | €4,866 | €408 | €12,101 | ▲ 2,865% |
| Taxes, remuneration and social security45 | €18,963 | €16,495 | €5,645 | €4,306 | €5,049 | ▲ 17.3% |
| Taxes450/3 | €6,941 | €3,671 | €2,408 | €4,281 | €5,026 | ▲ 17.4% |
| Remuneration and social security454/9 | €12,022 | €12,824 | €3,238 | €25 | €23 | ▼ 10.0% |
| Other amounts payable47/48 | €101,058 | €94,890 | €132,752 | €144,163 | €108,322 | ▼ 24.9% |
| Accrued charges and deferred income492/3 | €7,300 | €12,700 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,740 | €9,720 | -€15,509 | €32,449 | €33,965 | ▲ 4.7% |
| + Depreciation and write-downs630 | €7,850 | €7,850 | €7,545 | €5,709 | €4,877 | ▼ 14.6% |
| Operating cash flow (approximation) | -€21,890 | €17,570 | -€7,964 | €38,157 | €38,843 | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€43,500 | -€3,729 | ▲ 91.4% |
| Change in cash | - | €57 | -€3,106 | €3,256 | €4,080 | ▲ 25.3% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Highest result since 2018net €33,965 ▲4.7%
Operating result €34,019, net result €33,965, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €32,449
Net result €32,449 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 113 days late
2022
31-12
Financial
Back to profitnet €9,720
Net result €9,720 after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Weakest financial yearnet -€39,602
Net result drops to -€39,602, the lowest in the series; recovery starts the following year.
08-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 100 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 354 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Remicourt · 1 establishment unit since 2010
Ground area
2,001 m²
Building footprint
214 m²
Volume, LiDAR
1,282 m³
Parcel 64050B0377/00H000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SFP
since 20102.193.747.743
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64050B0377/00H000 | Wallonia | 2,001 m² | 1 · 214 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 siteRemicourt2.193.747.743
Similar companies · same sector and region
AERO CATERING
BE 0537.616.263
Grâce-Hollogne
AGC
BE 0680.872.989
Héron
ALTESSE QUALITY FOOD
BE 0442.610.010
Verviers
Armand ADANS et Fils
BE 0447.478.420
Verviers
B.G.M.
BE 0446.918.986
Sankt Vith
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,424 companies in sector 46389 we hold annual accounts for 855. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47279Other retail sale of food
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827687736
Also
9925:BE0827687736
Registered
28-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.