Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of SnG is 0.2% (very low). The 2024 annual accounts show equity of €1.40M and a net result of €101k. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 250 sector peers (fiscal year 2024). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
3 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 250 peers (2024). A comfortable equity buffer.
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 04-07-2025 | 27 d early | 2025-00239142 |
| 31-12-2023 | 31-07-2024 | 16-07-2024 | 15 d early | 2024-00253852 |
| 31-12-2022 | 31-07-2023 | 14-07-2023 | 17 d early | 2023-00239175 |
| 31-12-2021 | 31-07-2022 | 20-07-2022 | 11 d early | 2022-20209438 |
| 31-12-2020 | 31-07-2021 | 28-06-2021 | 33 d early | 2021-26400405 |
| 30-09-2019 | 30-04-2020 | 07-04-2020 | 23 d early | 2020-08800139 |
| 30-09-2018 | 30-04-2019 | 08-04-2019 | 22 d early | 2019-09600493 |
| 30-09-2017 | 30-04-2018 | 09-04-2018 | 21 d early | 2018-09500082 |
| 30-09-2016 | 30-04-2017 | 11-04-2017 | 19 d early | 2017-09300159 |
| 31-12-2014 | 31-07-2015 | 25-06-2015 | 36 d early | 2015-21700053 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 1968, 58 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.2%
Very low
0%0,5%1,5%4%10%≥25%
Long track record
−Lower-risk legal form
−Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€3.63M-52.3%
EBIT margin24.0%+28.2pp
Net result€101k-89.8%
Working capital€1.17M+17.5%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 04-07-2025 with the NBB · fiscal year 2024 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~8.9%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 18 · compared across all schema types (micro, abbreviated and full combined)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 91.0% | 48.3% | |
| Net result | €101k | €8k | |
| Equity | €1.40M | €32k | |
| Gross operating margin | €441k | €26k | |
| Staff costs | €195k | €70k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P95
Improving position over 2020-2024
· n=96-250
P95
Stable position over 2020-2024
· n=96-249
P95
Stable position over 2020-2024
· n=96-250
P69
Improving position over 2021-2024
· n=44-78
Describes the position versus peers, not a forecast.
€3.63M
-52.3%
18-24
€202k
-80.2%
18-24
€101k
-89.8%
18-24
€213k
-81.2%
18-24
€1.53M
-3.4%
18-24
€1.40M
+7.8%
18-24
€1.17M
+17.5%
18-24
3
-75.8%
18-24
€195k
-75.3%
18-24
€493
-79.6%
18-24
€0
-100.0%
18-24
€138k
-52.9%
18-24
€98k
-53.2%
18-24
€40k
-51.6%
18-24
12.94
+125.0%
18-24
12.94
+136.7%
18-24
91.0%
+11.6%
18-24
0.10
-56.3%
18-24
7.2%
-90.5%
18-24
6.6%
-89.4%
18-24
27.2%
-
18-24
28.0%
+289.3%
18-24
45.44
+71.5%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €202k |
| Net profit | €101k |
| Cash flow | €213k |
| Staff costs | €195k |
| Income taxes | €493 |
| Dividends | - |
| Total assets | €1.53M |
| Equity | €1.40M |
| Debt | €138k |
| of which ≤ 1y | €98k |
| of which > 1y | €40k |
| Working capital | €1.17M |
| Employees (FTE) | 2.9 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 12.94 |
| Quick ratio | 12.94 |
| Working capital ratio | 76.4% |
| Solvency | 91.0% |
| Debt / equity | 0.10 |
| Long-term debt ratio | 0.03 |
| Interest coverage | 45.44 |
| Gross margin | - |
| Net margin | - |
| ROA | 6.6% |
| ROE | 7.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.53M |
| Fixed assets | 21/28 | €263k |
| Intangible fixed assets | 21 | €542 |
| Tangible fixed assets | 22/27 | €257k |
| Financial fixed assets | 28 | €6k |
| Current assets | 29/58 | €1.27M |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €1.19M |
| Cash & bank | 54/58 | €75k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.53M |
| Equity | 10/15 | €1.40M |
| Contributions / capital | 10/11 | €700k |
| Reserves | 13 | €893k |
| Accumulated profits (losses) | 14 | €-198k |
| Amounts payable | 17/49 | €138k |
| Amounts payable after one year | 17 | €40k |
| Amounts payable within one year | 42/48 | €98k |
| Trade debts payable within one year | 44 | €22k |
| Income statement | ||
| Gross operating margin | 9900 | €441k |
| Operating result | 9901 | €90k |
| Financial income | 75 | €16k |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €101k |
| Income taxes | 67/77 | €493 |
| Net result for the period | 9904 | €101k |
| Result to be appropriated | 9905 | €101k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
4 directorsCurrent directors & mandates
-
Benedict CosaertDirectorState Gazette act 24153417 (24-10-2024)Current24-10-2024 → present
5 events
- 24-10-2024 Appointed· Director
- 24-10-2024 Appointed· Managing director
- 06-03-2020 Resigned· Vast vertegenwoordiger
- 17-07-2018 Appointed· Manager
- 17-07-2018 Appointed· Managing director
-
Martine VereenoogheDirectorState Gazette act 24153417 (24-10-2024)Current06-03-2020 → present
2 events
- 24-10-2024 Appointed· Director
- 06-03-2020 Appointed· Vast vertegenwoordiger
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
-
Van Cauter-Saeys & CoAuditorState Gazette act 15131424 (16-09-2015)Not recently confirmedlast confirmed in an act from 2015
Former directors (1)
-
Geremi InvestDirectorState Gazette act 20036388 (06-03-2020)Former- → 06-03-2020
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Statutory auditor
3 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Vandelanotte BV CVBACurrent Statutory auditor |
- | 14-09-2021 → present |
| Degryse Jan Statutory auditor succeeded by Vandelanotte BV CVBA in 2021 |
- | 17-07-2018 → 14-09-2021 |
| Vandelanotte Bedrijfsrevisoren cvba Statutory auditor succeeded by Vandelanotte BV CVBA in 2021 |
- | 17-07-2018 → 14-09-2021 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Overige activiteiten op het gebied van drukwerk(18120) |
| Legal form | Public limited company(014) |
| Incorporation | 01-01-1968 |
| Status | Active |
| Postal code | 8830 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grijspeerdstraat 718830 HoogledeEstablishment units
1 locationCREA CREA SECURITY PRINTING
since 20162.260.559.066
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.9 ha
Buildings1
Building footprint9,376 m²
Volume (LiDAR)63,067 m³
Tallest building12.3 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005D0475/00M003 | Flanders | 1.9 ha | 1 · 9,376 m² | 12.3 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
11 acts Address history · 1
09-03-2018
Registered-office move
All acts · 11
updated 1 year ago
2024
24-10-2024 3 directors appointed
- Martine Vereenooghe, Bestuurder
- Benedict Cosaert, Bestuurder
- Benedict Cosaert, Gedelegeerd bestuurder
Summary:
v3.2
2023
02-06-2023 Articles of association amended
Summary:
v3.2
2021
14-09-2021 Vandelanotte BV CVBA appointed as statutory auditor
04-05-2021 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Karel Vandeputte · Roeselare
2020
23-09-2020 Publication in the Belgian Official Gazette, Minor change
Summary:
Fiscal year changeNotary:
Karel Vandeputte · Roeselare
06-03-2020 1 director appointed, 2 resigning
- Martine Vereenooghe, Vast vertegenwoordiger
- Benedict Cosaert, Vast vertegenwoordiger
- Geremi Invest, Bestuurder
Summary:
v3.2
2018
17-07-2018 4 directors appointed
- Cosaert Benedict, Zaakvoerder
- Cosaert Benedict, Gedelegeerd bestuurder
- Vandelanotte Bedrijfsrevisoren cvba, Commissaris
- Degryse Jan, Commissaris
Summary:
v3.2
09-03-2018 Registered office moved from Roeselare to Hooglede
- Diksmuidsesteenweg 388 -8800 Roeselare → Grijspeerdstraat 71 te 8830 Hooglede (Gits)
Notary:
Argolis bvba · Kortrijk
2016
23-06-2016 Articles of association amended
Summary:
v3.2
11-03-2016 Publication in the Belgian Official Gazette, Minor change
Summary:
Fiscal year changeNotary:
Karel Vandeputte · Roeselare
2015
16-09-2015 Van Cauter-Saeys & Co appointed as auditor
Analysis
Snowflake analysis
financial profile on 5 axes72
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
36
Solvency
100
Growth
38
Stability
100
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0443.314.249 · Lommel
BE 0774.788.290 · Gent
BE 0401.493.391 · Court-Saint-Etienne
BE 0787.653.559 · Sprimont
BE 0778.738.071 · Pelt
We hold annual accounts for 91 of the 1,588 companies in this sector. 26 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Overige drukkerijen18120Overige activiteiten op het gebied van drukwerk18120Overige drukkerijen22220
Primary activity highlighted.
Names & trade names
| Legal nameNL | SnG |
Registered office
Grijspeerdstraat 71
8830 Hooglede, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.