SNACK XL
ActiveSummary
The computed 12-month bankruptcy probability of SNACK XL is 4.0% (moderate). The 2024 annual accounts show negative equity (-€25,074) and a net result of -€25,074. Its solvency ranks better than 26% of 18968 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2024, micro schema
Turnover and EBIT margin not published: the micro schema does not require them.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,251 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.
| Line | 2024 |
|---|---|
| Turnover70 | €877,324 |
| Goods, raw materials, services and sundry goods60/61 | €655,434 |
| Remuneration, social security and pensions62 | €134,768 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,239 |
| Other operating charges640/8 | €53,251 |
| Gross operating margin9900 | €221,890 |
| Operating profit (loss)9901 | -€16,368 |
| Financial income75/76B | €233 |
| Recurring financial income75 | €233 |
| Financial charges65/66B | €8,609 |
| Recurring financial charges65 | €8,609 |
| Profit (loss) for the period before taxes9903 | -€24,744 |
| Income taxes67/77 | €330 |
| Profit (loss) for the period9904 | -€25,074 |
| Profit (loss) for the period to be appropriated9905 | -€25,074 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €632,199 | |
| Fixed assets21/28 | €620,990 | |
| Intangible fixed assets21 | €233,901 | |
| Tangible fixed assets22/27 | €386,394 | |
| Land and buildings22 | €353,191 | |
| Plant, machinery and equipment23 | €32,441 | |
| Furniture and vehicles24 | €762 | |
| Financial fixed assets28 | €695 | |
| Current assets29/58 | €11,209 | |
| Stocks and contracts in progress3 | €2,946 | |
| Stocks30/36 | €2,946 | |
| Amounts receivable within one year40/41 | €1,031 | |
| Trade receivables40 | €537 | |
| Other amounts receivable41 | €493 | |
| Cash at bank and in hand54/58 | €7,232 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €632,199 | |
| Equity10/15 | -€25,074 | |
| Profit (loss) carried forward14 | -€25,074 | |
| Amounts payable17/49 | €657,273 | |
| Amounts payable after more than one year17 | €472,341 | |
| Financial debts170/4 | €336,986 | |
| Other amounts payable178/9 | €135,355 | |
| Amounts payable within one year42/48 | €182,386 | |
| Current portion of amounts payable after more than one year42 | €43,414 | |
| Trade debts44 | €73,797 | |
| Suppliers440/4 | €73,797 | |
| Taxes, remuneration and social security45 | €18,066 | |
| Taxes450/3 | €330 | |
| Remuneration and social security454/9 | €17,736 | |
| Other amounts payable47/48 | €47,110 | |
| Accrued charges and deferred income492/3 | €2,546 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€25,074 |
| + Depreciation and write-downs630 | €50,239 |
| Operating cash flow (approximation) | €25,164 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.