SNADA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 5 filings
Turnover
≈ €690,000
Estimated: probably between €510,000 and €850,000
Total assets
€121,978▼ 4.2%
2024 · €127,278
Net result
€2,808▲ 64.3%
2024 · €1,709
Working capital
€22,961▲ 69.4%
2024 · €13,550
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
-€280
2025
20212025
Net result
€2,808
▲ 64.3%
2025
middle half of the sector
20212025
Equity
€33,283
▲ 9.2%
2025
middle half of the sector
20212025
Total assets
€121,978
▼ 4.2%
2025
middle half of the sector
20212025
Debt
€88,695
▼ 8.4%
2025
20212025
Working capital
€22,961
▲ 69.4%
2025
middle half of the sector
20212025
Solvency
27.3%
▲ 3.3pp
2025
middle half of the sector
20212025
Current ratio
1.26
▲ 0.12
2025
middle half of the sector
20212025
Return on assets (ROA)
2.3%
▲ 1.0pp
2025
middle half of the sector
20212025
Staff (FTE)
no figure
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result-€13,477--€6,015▲ 55.4%€45,431€3,505▼ 92.3%-€280
Net result-€13,477below the sector's middle half--€6,020within the sector's middle half▲ 55.3%€34,899above the sector's middle half€1,709within the sector's middle half▼ 95.1%€2,808within the sector's middle half▲ 64.3%
Equity-€2,477below the sector's middle half--€6,132below the sector's middle half▼ 148%€28,767within the sector's middle half€30,476within the sector's middle half▲ 5.9%€33,283within the sector's middle half▲ 9.2%
Total assets€17,777below the sector's middle half-€42,179below the sector's middle half▲ 137%€156,180within the sector's middle half▲ 270%€127,278within the sector's middle half▼ 18.5%€121,978within the sector's middle half▼ 4.2%
Debt€20,253-€48,311▲ 139%€127,413▲ 164%€96,802▼ 24.0%€88,695▼ 8.4%
Working capital-€7,986within the sector's middle half--€13,099within the sector's middle half▼ 64.0%€10,197within the sector's middle half€13,550within the sector's middle half▲ 32.9%€22,961within the sector's middle half▲ 69.4%
Solvency-13.9%below the sector's middle half--14.5%below the sector's middle half▼ 0.6pp18.4%within the sector's middle half▲ 33.0pp23.9%within the sector's middle half▲ 5.5pp27.3%within the sector's middle half▲ 3.3pp
Current ratio0.61within the sector's middle half-0.73within the sector's middle half▲ 0.121.08within the sector's middle half▲ 0.351.14within the sector's middle half▲ 0.061.26within the sector's middle half▲ 0.12
Return on assets (ROA)-75.8%below the sector's middle half--14.3%below the sector's middle half▲ 61.5pp22.3%above the sector's middle half▲ 36.6pp1.3%within the sector's middle half▼ 21.0pp2.3%within the sector's middle half▲ 1.0pp
Staff (FTE)0.2-1.9▲ 850%2.2▲ 15.8%3.5▲ 59.1%
above
within
below
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). 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.
The operating result for 2025 is a loss of €280, after a profit of €3,505 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121,978
Fixed assets
€10,322 ▼ 39.0%
Current assets
€111,656 ▲ 1.2%
Equity and liabilities €121,978
Equity
€33,283 ▲ 9.2%
Debt
€88,695 ▼ 8.4%
Debt's share of the balance-sheet total falls from 76.1% to 72.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,973▼
2024 · €10,728
Cash flow
€12,061▲
2024 · €8,932
Debt to equity
2.66▼
2024 · 3.18
ROE
8.4%▲
2024 · 5.6%
Interest coverage
58.54▲
2024 · 26.44
Debt ≤ 1 year
€88,695▼
2024 · €96,802
Income taxes
-€3,241▼
2024 · €1,390
Supplier credit
34 days▲
2024 · 29 days
Staff costs
€214,250▲
2024 · €130,823
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 3 | 4 | 4 |
| full-time | - | - | 2 | 3 |
| part-time | 1 | 3 | 2 | 1 |
| in full-time equivalents | 0.9 | 1.2 | 2.8 | 3.5 |
| Average over the year, in full-time equivalents | 0.1 | 0.8 | 1.7 | 3.5 |
| On a permanent contract | - | 1 | 1 | 2 |
| Joined | 1 | 2 | 3 | 4 |
| Left | 0 | 0 | 2 | 4 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €8,264 | €4,397 | €20,077 | €5,579 | €2,650 |
| Depreciation and write-downs of the year | €2,755 | €2,939 | €8,475 | €7,223 | €9,253 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €340,702 | €391,471 | €462,418 | ▲ 18.1% |
| Remuneration, social security and pensions62 | €5,747 | €25,209 | €58,955 | €130,823 | €214,250 | ▲ 63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,755 | €2,939 | €8,475 | €7,223 | €9,253 | ▲ 28.1% |
| Other operating charges640/8 | - | - | €128 | €819 | €518 | ▼ 36.8% |
| Non-recurring operating charges66A | - | - | €208 | €3,279 | €116 | ▼ 96.5% |
| Gross operating margin9900 | -€4,974 | €22,133 | €113,196 | €145,649 | €223,856 | ▲ 53.7% |
| Operating profit (loss)9901 | -€13,477 | -€6,015 | €45,431 | €3,505 | -€280 | - |
| Financial income75/76B | €0 | €1 | - | - | - | - |
| Recurring financial income75 | €0 | €1 | - | - | - | - |
| Financial charges65/66B | - | €6 | €1,532 | €406 | €153 | ▼ 62.2% |
| Recurring financial charges65 | - | €6 | €1,532 | €406 | €153 | ▼ 62.2% |
| Profit (loss) for the period before taxes9903 | -€13,477 | -€6,020 | €43,899 | €3,099 | -€433 | - |
| Income taxes67/77 | - | - | €9,000 | €1,390 | -€3,241 | - |
| Profit (loss) for the period9904 | -€13,477 | -€6,020 | €34,899 | €1,709 | €2,808 | ▲ 64.3% |
| Profit (loss) for the period to be appropriated9905 | -€13,477 | -€6,020 | €34,899 | €1,709 | €2,808 | ▲ 64.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,777 | €42,179 | €156,180 | €127,278 | €121,978 | ▼ 4.2% |
| Fixed assets21/28 | €5,510 | €6,967 | €18,570 | €16,925 | €10,322 | ▼ 39.0% |
| Tangible fixed assets22/27 | €5,510 | €6,967 | €18,570 | €16,925 | €10,322 | ▼ 39.0% |
| Plant, machinery and equipment23 | €5,510 | €6,967 | €11,165 | €12,492 | €8,862 | ▼ 29.1% |
| Furniture and vehicles24 | - | - | €4,959 | €2,480 | - | - |
| Other tangible fixed assets26 | - | - | €2,446 | €1,953 | €1,460 | ▼ 25.2% |
| Current assets29/58 | €12,267 | €35,211 | €137,610 | €110,352 | €111,656 | ▲ 1.2% |
| Amounts receivable within one year40/41 | €530 | €261 | €23,530 | €8,583 | €37,005 | ▲ 331% |
| Trade receivables40 | - | - | €23,530 | €8,583 | €37,005 | ▲ 331% |
| Other amounts receivable41 | €530 | €261 | - | - | - | - |
| Cash at bank and in hand54/58 | €11,737 | €34,951 | €114,080 | €101,769 | €74,651 | ▼ 26.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,777 | €42,179 | €156,180 | €127,278 | €121,978 | ▼ 4.2% |
| Equity10/15 | -€2,477 | -€6,132 | €28,767 | €30,476 | €33,283 | ▲ 9.2% |
| Contributions10/11 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Profit (loss) carried forward14 | -€13,477 | -€17,132 | €17,767 | €19,476 | €22,283 | ▲ 14.4% |
| Amounts payable17/49 | €20,253 | €48,311 | €127,413 | €96,802 | €88,695 | ▼ 8.4% |
| Amounts payable within one year42/48 | €20,253 | €48,311 | €127,413 | €96,802 | €88,695 | ▼ 8.4% |
| Trade debts44 | €1,371 | €3,000 | €31,206 | €30,848 | €43,448 | ▲ 40.8% |
| Suppliers440/4 | €1,371 | €3,000 | €31,206 | €30,848 | €43,448 | ▲ 40.8% |
| Taxes, remuneration and social security45 | €4,883 | €9,506 | €60,402 | €40,949 | €20,242 | ▼ 50.6% |
| Taxes450/3 | €496 | €1,327 | €20,341 | €16,112 | €13,476 | ▼ 16.4% |
| Remuneration and social security454/9 | €4,387 | €8,179 | €40,060 | €24,837 | €6,765 | ▼ 72.8% |
| Other amounts payable47/48 | €14,000 | €35,805 | €35,805 | €25,005 | €25,005 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,477 | -€6,020 | €34,899 | €1,709 | €2,808 | ▲ 64.3% |
| + Depreciation and write-downs630 | €2,755 | €2,939 | €8,475 | €7,223 | €9,253 | ▲ 28.1% |
| Operating cash flow (approximation) | -€10,722 | -€3,081 | €43,373 | €8,932 | €12,061 | ▲ 35.0% |
| Investment in fixed assets (approximation) | - | -€4,397 | -€20,077 | -€5,579 | -€2,650 | ▲ 52.5% |
| Change in cash | - | €23,213 | €79,130 | -€12,311 | -€27,119 | ▼ 120% |
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, 3,274 companies had the same profile as SNADA has now. Two years later, 94.7% were still going and 2.5% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
94.7%
was still going
2.5%
stopped otherwise
2.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SNADA itself: 1.8% 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 3,274 companies, not a prediction for SNADA. 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 | 15-07-2026 | 2026-00302179 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00261566 | |
| 31-12-2023 | micro format | 25-09-2024 | 2024-00484380 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00310178 | |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20339647 |