SNAET
ActiveSummary
SNAET has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €467,725 and a net result of €51,229. Equity is growing by ~23.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-4
Solvency91▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.61 against 3.12 in 2024; short-term debt: 28.7% and cash: 25.8% of total assets), and 33.6% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
66.4%
Return on assets
7.3%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
5 d early
2022
on the day
2021
3 d early
2020
16 d early
2019
46 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€467,725▼ 4.8%
2024 · €491,066
Total assets
€704,287▼ 3.6%
2024 · €730,381
Net result
€51,229▼ 35.1%
2024 · €78,887
Working capital
€324,277▼ 10.3%
2024 · €361,371
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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€138,269▲ 16.7%€83,653▼ 39.5%€129,176▲ 54.4%€118,017▼ 8.6%€78,837▼ 33.2%
Net result€92,015within the sector's middle half▲ 15.1%€51,974within the sector's middle half▼ 43.5%€88,685within the sector's middle half▲ 70.6%€78,887within the sector's middle half▼ 11.0%€51,229within the sector's middle half▼ 35.1%
Equity€271,521within the sector's middle half▲ 51.3%€323,495within the sector's middle half▲ 19.1%€412,180within the sector's middle half▲ 27.4%€491,066within the sector's middle half▲ 19.1%€467,725within the sector's middle half▼ 4.8%
Total assets€630,628within the sector's middle half▲ 9.9%€601,667within the sector's middle half▼ 4.6%€715,356within the sector's middle half▲ 18.9%€730,381within the sector's middle half▲ 2.1%€704,287within the sector's middle half▼ 3.6%
Debt€359,107▼ 8.9%€278,173▼ 22.5%€303,176▲ 9.0%€239,315▼ 21.1%€236,563▼ 1.2%
Working capital€144,166within the sector's middle half▲ 183%€218,751within the sector's middle half▲ 51.7%€272,696within the sector's middle half▲ 24.7%€361,371within the sector's middle half▲ 32.5%€324,277within the sector's middle half▼ 10.3%
Solvency43.1%within the sector's middle half▲ 11.8pp53.8%within the sector's middle half▲ 10.7pp57.6%within the sector's middle half▲ 3.9pp67.2%above the sector's middle half▲ 9.6pp66.4%above the sector's middle half▼ 0.8pp
Current ratio1.83within the sector's middle half▲ 0.532.67within the sector's middle half▲ 0.832.40within the sector's middle half▼ 0.273.12above the sector's middle half▲ 0.722.61within the sector's middle half▼ 0.52
Return on assets (ROA)14.6%above the sector's middle half▲ 0.7pp8.6%within the sector's middle half▼ 6.0pp12.4%above the sector's middle half▲ 3.8pp10.8%within the sector's middle half▼ 1.6pp7.3%within the sector's middle half▼ 3.5pp
Staff (FTE)6.3within the sector's middle half7.4above the sector's middle half▲ 17.5%6.8within the sector's middle half▼ 8.1%7.7above the sector's middle half▲ 13.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704,287
Fixed assets
€178,043 ▼ 10.4%
Current assets
€526,244 ▼ 1.0%
Equity and liabilities €704,287
Equity
€467,725 ▼ 4.8%
Debt
€236,563 ▼ 1.2%
Debt's share of the balance-sheet total rises from 32.8% to 33.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€129,874▼
2024 · €169,564
Cash flow
€102,265▼
2024 · €130,433
Quick ratio
2.40▼
2024 · 2.90
Debt to equity
0.51▲
2024 · 0.49
ROE
11.0%▼
2024 · 16.1%
Interest coverage
10.86▼
2024 · 12.90
Debt ≤ 1 year
€201,967▲
2024 · €170,329
Debt > 1 year
€34,596▼
2024 · €68,986
Income taxes
€19,008▼
2024 · €29,704
Staff costs
€381,821▲
2024 · €344,322
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% 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 497,338 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% | 1.9% |
| 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 26,975 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 | - | €250,062 | €317,533 | €344,322 | €381,821 | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,891 | €61,983 | €62,651 | €51,547 | €51,036 | ▼ 1.0% |
| Other operating charges640/8 | - | €1,614 | €1,597 | €1,512 | €1,089 | ▼ 28.0% |
| Gross operating margin9900 | €488,159 | €397,313 | €510,957 | €515,398 | €512,784 | ▼ 0.5% |
| Operating profit (loss)9901 | €138,269 | €83,653 | €129,176 | €118,017 | €78,837 | ▼ 33.2% |
| Financial income75/76B | - | €676 | €1,250 | €3,716 | €3,359 | ▼ 9.6% |
| Recurring financial income75 | €221 | €676 | €1,250 | €3,716 | €3,359 | ▼ 9.6% |
| Financial charges65/66B | - | €12,444 | €13,870 | €13,143 | €11,960 | ▼ 9.0% |
| Recurring financial charges65 | €11,177 | €12,444 | €13,870 | €13,143 | €11,960 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €127,313 | €71,886 | €116,556 | €108,590 | €70,237 | ▼ 35.3% |
| Income taxes67/77 | €35,298 | €19,913 | €27,871 | €29,704 | €19,008 | ▼ 36.0% |
| Profit (loss) for the period9904 | €92,015 | €51,974 | €88,685 | €78,887 | €51,229 | ▼ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €92,015 | €51,974 | €88,685 | €78,887 | €51,229 | ▼ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €630,628 | €601,667 | €715,356 | €730,381 | €704,287 | ▼ 3.6% |
| Fixed assets21/28 | €313,701 | €251,718 | €247,472 | €198,681 | €178,043 | ▼ 10.4% |
| Intangible fixed assets21 | €3,375 | €2,875 | €2,375 | €1,875 | €1,375 | ▼ 26.7% |
| Tangible fixed assets22/27 | €310,326 | €248,843 | €245,097 | €196,806 | €176,418 | ▼ 10.4% |
| Land and buildings22 | - | €97,338 | €108,843 | €92,181 | €74,577 | ▼ 19.1% |
| Plant, machinery and equipment23 | - | €145,935 | €134,194 | €101,514 | €79,639 | ▼ 21.5% |
| Furniture and vehicles24 | - | €5,570 | €2,059 | €3,112 | €22,202 | ▲ 614% |
| Financial fixed assets28 | - | - | - | - | €250 | - |
| Current assets29/58 | €316,927 | €349,949 | €467,884 | €531,700 | €526,244 | ▼ 1.0% |
| Amounts receivable after more than one year29 | - | - | €15,000 | €15,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €15,000 | €15,000 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €34,082 | €33,035 | €39,328 | €37,707 | €40,928 | ▲ 8.5% |
| Stocks30/36 | - | €33,035 | €39,328 | €37,707 | €40,928 | ▲ 8.5% |
| Amounts receivable within one year40/41 | €11,418 | €44,120 | €35,179 | €61,458 | €191,613 | ▲ 212% |
| Trade receivables40 | - | €27,211 | €20,324 | €26,202 | €5,882 | ▼ 77.6% |
| Other amounts receivable41 | - | €16,909 | €14,856 | €35,256 | €185,731 | ▲ 427% |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €269,426 | €270,795 | €370,946 | €407,260 | €181,435 | ▼ 55.4% |
| Deferred charges and accrued income490/1 | - | €2,000 | €7,431 | €10,276 | €12,268 | ▲ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €630,628 | €601,667 | €715,356 | €730,381 | €704,287 | ▼ 3.6% |
| Equity10/15 | €271,521 | €323,495 | €412,180 | €491,066 | €467,725 | ▼ 4.8% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €246,521 | €298,495 | €387,180 | €466,066 | €442,725 | ▼ 5.0% |
| Non-distributable reserves130/1 | - | €2,500 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €0 | - | - | - |
| Distributable reserves133 | - | €295,995 | €387,180 | €466,066 | €442,725 | ▼ 5.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €359,107 | €278,173 | €303,176 | €239,315 | €236,563 | ▼ 1.2% |
| Amounts payable after more than one year17 | €184,967 | €146,974 | €107,988 | €68,986 | €34,596 | ▼ 49.9% |
| Financial debts170/4 | - | €146,974 | €107,988 | €68,986 | €34,596 | ▼ 49.9% |
| Amounts payable within one year42/48 | €172,761 | €131,198 | €195,189 | €170,329 | €201,967 | ▲ 18.6% |
| Current portion of amounts payable after more than one year42 | - | €37,993 | €38,987 | €39,001 | €34,390 | ▼ 11.8% |
| Financial debts43 | - | - | - | - | €6,765 | - |
| Credit institutions430/8 | - | - | - | - | €6,765 | - |
| Trade debts44 | €87,813 | €73,261 | €104,605 | €80,276 | €88,680 | ▲ 10.5% |
| Suppliers440/4 | - | €73,261 | €104,605 | €80,276 | €88,680 | ▲ 10.5% |
| Advances received on contracts in progress46 | - | €7,858 | €0 | - | €7,500 | - |
| Taxes, remuneration and social security45 | - | €12,087 | €51,597 | €51,052 | €64,632 | ▲ 26.6% |
| Taxes450/3 | - | €4,446 | €14,016 | €16,663 | €15,064 | ▼ 9.6% |
| Remuneration and social security454/9 | - | €7,640 | €37,581 | €34,388 | €49,569 | ▲ 44.1% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,015 | €51,974 | €88,685 | €78,887 | €51,229 | ▼ 35.1% |
| + Depreciation and write-downs630 | €61,891 | €61,983 | €62,651 | €51,547 | €51,036 | ▼ 1.0% |
| Operating cash flow (approximation) | €153,906 | €113,957 | €151,336 | €130,433 | €102,265 | ▼ 21.6% |
| Investment in fixed assets (approximation) | - | €0 | -€58,404 | -€2,756 | -€30,399 | ▼ 1,003% |
| Change in cash | - | €1,369 | €100,151 | €36,314 | -€225,825 | ▼ 722% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €51,229 ▼35.1%
Net result drops to €51,229, the lowest in the series.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €92,015 ▲15.1%
Operating result €138,269, net result €92,015, both a record.
30-06
Financial
Equity above €200,000Eq €271,521 ▲51.3%
3 profitable years in a row build equity to €271,521.
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €150,000Eq €179,506 ▲80.3%
2 profitable years in a row build equity to €179,506.
2019
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2018
Ground area
303 m²
Building footprint
245 m²
Volume, LiDAR
1,214 m³
Parcel 31030A0111/00C007, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SNAET
since 20182.277.009.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0111/00C007 | Flanders | 303 m² | 1 · 245 m² | 10.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 22,453 EUR awarded · 22,369 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,884 EUR | 4,800 EUR |
| 2024 | 1 | 5,348 EUR | 5,348 EUR |
| 2023 | 1 | 7,285 EUR | 7,285 EUR |
| 2022 | 2 | 4,936 EUR | 4,936 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.277.009.474
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 1,105 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-04-2018
Fiscal year end30-06
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
47222Retail trade
47252Retail sale of beverages, general range
47271Retail trade
47279Other retail sale of food
56210Event catering
Contact
E-mail
driessnaet@live.beBrugge
Phone
050/39 63 46Brugge
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695478518
Also
9925:BE0695478518
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.