SnG
ActiveSummary
SnG has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.4m and a net result of €100,604. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 300 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-23
Solvency100=
Growth38=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 12.94 against 5.75 in 2023; short-term debt: 6.4% and cash: 4.9% of total assets), and 9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer 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 2024Solvency, return and age of the figures
Solvency
91%
Return on assets
6.6%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.4m
neutral · 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
15 d early
2022
17 d early
2021
11 d early
2020
33 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#10 company by equity in Hooglede, Manufacturing sector
Turnover
€3.6m▼ 52.3%
2022 · €7.6m
EBIT margin
24.0%▲ 28.2pp
2022 · -4.1%
Net result
€100,604▼ 89.8%
2023 · €987,090
Working capital
€1.2m▲ 17.5%
2023 · €996,789
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€11.9m▲ 21.4%€6.9m▼ 41.9%€7.6m▲ 10.0%€3.6m▼ 52.3%
Operating result€1.2m▲ 401%-€1.1m-€315,311▲ 71.6%€872,319€89,754▼ 89.7%
Net result€782,605▲ 369%-€1.1m-€409,009▲ 62.9%€987,090€100,604▼ 89.8%
EBIT margin10.0%▲ 7.5pp-16.1%▼ 26.0pp-4.1%▲ 11.9pp24.0%▲ 28.2pp
Equity€2.1m▲ 2.1%€926,371▼ 55.0%€487,935▼ 47.3%€1.3m▲ 165%€1.4m▲ 7.8%
Total assets€8.8m▲ 17.2%€6.3m▼ 28.1%€5.9m▼ 6.0%€1.6m▼ 73.3%€1.5m▼ 3.4%
Debt€6.7m▲ 21.4%€5.4m▼ 19.1%€5.5m▲ 1.0%€292,661▼ 94.6%€137,697▼ 52.9%
Working capital€86,619▼ 85.9%-€1.0m-€1.4m▼ 42.2%€996,789€1.2m▲ 17.5%
Staff (FTE)43.5▼ 8.4%38.2▼ 12.2%29.2▼ 23.6%12▼ 58.9%2.9▼ 75.8%
Why a figure moved sharply
- 2024 Net result -90%, Staff (FTE) -76% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
- 2020 Net result +369% on 2019. This fiscal year ran 15 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 90% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€263,251 ▼ 30.8%
Current assets
€1.3m ▲ 5.2%
Equity and liabilities €1.5m
Equity
€1.4m ▲ 7.8%
Debt
€137,697 ▼ 52.9%
Debt's share of the balance-sheet total falls from 18.4% to 9.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€201,923▼
2023 · €1.0m
Cash flow
€212,774▼
2023 · €1.1m
Current ratio
12.94▲
2023 · 5.75
Debt to equity
0.10▼
2023 · 0.23
ROE
7.2%▼
2023 · 76.3%
ROA
6.6%▼
2023 · 62.2%
Interest coverage
45.44▲
2023 · 26.50
Debt ≤ 1 year
€98,114▼
2023 · €209,847
Debt > 1 year
€39,583▼
2023 · €81,827
Income taxes
€493▼
2023 · €2,417
Staff costs
€195,339▼
2023 · €792,204
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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% | 1.6% |
| 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 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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €7.6m | €8.4m | €5.3m | - | - |
| Turnover70 | €11.9m | €6.9m | €7.6m | €3.6m | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €888 | -€48,159 | -€165,830 | - | - |
| Other operating income74 | - | €702,017 | €837,120 | €792,630 | - | - |
| Non-recurring operating income76A | - | €8,381 | €22,285 | €1.1m | €472,319 | ▼ 56.4% |
| Operating charges60/66A | - | €8.7m | €8.7m | €4.5m | - | - |
| Goods for resale, raw materials and consumables60 | - | €3.8m | €4.5m | €2.4m | - | - |
| Purchases600/8 | - | €3.9m | €4.4m | €1.8m | - | - |
| Change in stocks: decrease (increase)609 | - | -€81,778 | €83,864 | €621,737 | - | - |
| Services and other goods61 | - | €2.0m | €1.8m | €1.1m | - | - |
| Remuneration, social security and pensions62 | - | €1.5m | €1.6m | €792,204 | €195,339 | ▼ 75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €884,747 | €931,872 | €863,392 | €144,987 | €112,169 | ▼ 22.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | -€888,332 | €15,658 | ▲ 102% |
| Other operating charges640/8 | - | €13,735 | €9,533 | €945,304 | €27,719 | ▼ 97.1% |
| Non-recurring operating charges66A | - | €537,998 | €0 | €19,630 | €0 | ▼ 100% |
| Gross operating margin9900 | - | - | - | - | €440,639 | - |
| Operating profit (loss)9901 | €1.2m | -€1.1m | -€315,311 | €872,319 | €89,754 | ▼ 89.7% |
| Financial income75/76B | - | €32,155 | €31,311 | €180,693 | €15,787 | ▼ 91.3% |
| Recurring financial income75 | €51,146 | €32,087 | €31,311 | €180,693 | €15,787 | ▼ 91.3% |
| Income from financial fixed assets750 | - | €567 | €0 | - | - | - |
| Income from current assets751 | - | €1,532 | €1,885 | €0 | - | - |
| Other financial income752/9 | - | €29,988 | €29,426 | €180,693 | - | - |
| Non-recurring financial income76B | - | €69 | €0 | - | - | - |
| Financial charges65/66B | - | €94,065 | €123,186 | €63,505 | €4,443 | ▼ 93.0% |
| Recurring financial charges65 | €235,191 | €90,945 | €99,456 | €63,340 | €4,443 | ▼ 93.0% |
| Debt charges650 | €183,841 | €69,039 | €64,938 | €38,390 | - | - |
| Other financial charges652/9 | - | €21,907 | €34,518 | €24,950 | - | - |
| Non-recurring financial charges66B | - | €3,120 | €23,730 | €165 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €924,347 | -€1.2m | -€407,185 | €989,506 | €101,097 | ▼ 89.8% |
| Transfer from deferred taxes780 | - | €74,777 | €0 | - | - | - |
| Transfer to deferred taxes680 | - | €0 | - | - | - | - |
| Income taxes67/77 | €66,965 | €2,328 | €1,824 | €2,417 | €493 | ▼ 79.6% |
| Taxes670/3 | - | €2,328 | €1,824 | €2,598 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €181 | - | - |
| Profit (loss) for the period9904 | €782,605 | -€1.1m | -€409,009 | €987,090 | €100,604 | ▼ 89.8% |
| Transfer from tax-exempt reserves789 | - | €224,331 | €0 | - | - | - |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €558,274 | -€876,893 | -€409,009 | €987,090 | €100,604 | ▼ 89.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.8m | €6.3m | €5.9m | €1.6m | €1.5m | ▼ 3.4% |
| Fixed assets21/28 | €5.6m | €4.7m | €3.8m | €380,430 | €263,251 | ▼ 30.8% |
| Intangible fixed assets21 | €95,516 | €64,350 | €33,780 | €9,790 | €542 | ▼ 94.5% |
| Tangible fixed assets22/27 | €5.5m | €4.6m | €3.8m | €364,688 | €256,756 | ▼ 29.6% |
| Plant, machinery and equipment23 | - | €607,280 | €464,528 | €186,466 | €139,438 | ▼ 25.2% |
| Furniture and vehicles24 | - | €20,040 | €12,439 | €8,252 | €3,621 | ▼ 56.1% |
| Leasing and similar rights25 | - | €3.7m | €3.1m | €0 | - | - |
| Other tangible fixed assets26 | - | €272,775 | €221,444 | €169,970 | €113,697 | ▼ 33.1% |
| Financial fixed assets28 | €8,052 | €4,933 | €4,933 | €5,953 | €5,953 | = |
| Other financial fixed assets284/8 | - | €4,933 | €4,933 | €5,953 | - | - |
| Amounts receivable and cash guarantees285/8 | - | €4,933 | €4,933 | €5,953 | - | - |
| Current assets29/58 | €3.2m | €1.6m | €2.1m | €1.2m | €1.3m | ▲ 5.2% |
| Stocks and contracts in progress3 | €896,313 | €978,980 | €846,957 | €59,390 | €0 | ▼ 100% |
| Stocks30/36 | - | €978,980 | €846,957 | €59,390 | €0 | ▼ 100% |
| Raw materials and consumables30/31 | - | €764,991 | €681,128 | €59,390 | - | - |
| Work in progress32 | - | €213,989 | €165,830 | €0 | - | - |
| Amounts receivable within one year40/41 | €1.9m | €585,448 | €1.2m | €992,985 | €1.2m | ▲ 20.2% |
| Trade receivables40 | - | €358,735 | €1.0m | €126,965 | €75,206 | ▼ 40.8% |
| Other amounts receivable41 | - | €226,713 | €171,981 | €866,020 | €1.1m | ▲ 29.2% |
| Cash at bank and in hand54/58 | €390,523 | €18,147 | €23,918 | €154,260 | €74,869 | ▼ 51.5% |
| Deferred charges and accrued income490/1 | - | €39,796 | €8,943 | €0 | €776 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.8m | €6.3m | €5.9m | €1.6m | €1.5m | ▼ 3.4% |
| Equity10/15 | €2.1m | €926,371 | €487,935 | €1.3m | €1.4m | ▲ 7.8% |
| Contributions10/11 | €700,000 | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Capital10 | - | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Issued capital100 | - | €700,000 | €700,000 | €700,000 | €700,000 | = |
| Reserves13 | €1.1m | €893,217 | €893,217 | €893,217 | €893,217 | = |
| Non-distributable reserves130/1 | - | €544,060 | €544,060 | €544,060 | €544,060 | = |
| Legal reserve130 | - | €97,900 | €97,900 | €97,900 | €97,900 | = |
| Reserves not available under the articles1311 | - | €446,160 | €446,160 | €446,160 | €446,160 | = |
| Tax-exempt reserves132 | - | €151,122 | €151,122 | €151,122 | €151,122 | = |
| Distributable reserves133 | - | €198,034 | €198,034 | €198,034 | €198,034 | = |
| Profit (loss) carried forward14 | €0 | -€876,893 | -€1.3m | -€298,812 | -€198,208 | ▲ 33.7% |
| Investment grants15 | - | €210,046 | €180,620 | €0 | - | - |
| Provisions and deferred taxes16 | €74,777 | €0 | - | - | - | - |
| Deferred taxes168 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €6.7m | €5.4m | €5.5m | €292,661 | €137,697 | ▼ 52.9% |
| Amounts payable after more than one year17 | €3.6m | €2.7m | €1.9m | €81,827 | €39,583 | ▼ 51.6% |
| Financial debts170/4 | - | €2.7m | €1.9m | €81,827 | €39,583 | ▼ 51.6% |
| Leasing and similar obligations172 | - | €2.4m | €1.8m | €0 | - | - |
| Credit institutions173 | - | €290,837 | €147,774 | €81,827 | - | - |
| Amounts payable within one year42/48 | €3.1m | €2.6m | €3.5m | €209,847 | €98,114 | ▼ 53.2% |
| Current portion of amounts payable after more than one year42 | - | €1.1m | €983,379 | €65,947 | €42,243 | ▼ 35.9% |
| Financial debts43 | - | €311,786 | €417,961 | €0 | - | - |
| Credit institutions430/8 | - | €311,786 | €417,961 | €0 | - | - |
| Trade debts44 | €976,752 | €874,516 | €841,955 | €73,250 | €22,065 | ▼ 69.9% |
| Suppliers440/4 | - | €874,516 | €841,955 | €73,250 | €22,065 | ▼ 69.9% |
| Taxes, remuneration and social security45 | - | €297,920 | €225,063 | €69,203 | €33,806 | ▼ 51.2% |
| Taxes450/3 | - | €110,551 | €44,009 | €11,406 | €9,673 | ▼ 15.2% |
| Remuneration and social security454/9 | - | €187,369 | €181,054 | €57,798 | €24,132 | ▼ 58.2% |
| Other amounts payable47/48 | - | €40,000 | €1.1m | €1,446 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €50,840 | €0 | €987 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €782,605 | -€1.1m | -€409,009 | €987,090 | €100,604 | ▼ 89.8% |
| + Depreciation and write-downs630 | €884,747 | €931,872 | €863,392 | €144,987 | €112,169 | ▼ 22.6% |
| Operating cash flow (approximation) | €1.7m | -€169,352 | €454,383 | €1.1m | €212,774 | ▼ 81.2% |
| Investment in fixed assets (approximation) | - | -€15,874 | -€6,099 | €3.3m | €5,010 | ▼ 99.8% |
| Change in cash | - | -€372,376 | €5,771 | €130,342 | -€79,391 | ▼ 161% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 12.94
Current ratio from 5.75 to 12.94; short-term debt falls from €209,847 to €98,114.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €987,090
Net result €987,090 after 2 loss-making years.
31-12
Financial
Liquidity times 10current ratio 5.75
Current ratio from 0.59 to 5.75; short-term debt falls from €3.5m to €209,847.
31-12
Financial
Equity above €1mEq €1.3m ▲165%
Equity rises from €487,935 to €1.3m.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €166,902
Net result €166,902 after one loss-making year.
Show earlier events
30-09
Financial
Equity above €2mEq €2.0m ▲5.5%
Equity rises from €1.9m to €2.0m.
08-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
26 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, Hooglede · 1 establishment unit since 2016
Ground area
1.9 ha
Building footprint
9,376 m²
Volume, LiDAR
63,067 m³
Parcel 36005D0475/00M003, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CREA CREA SECURITY PRINTING
since 20162.260.559.066
1 parcel
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. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- ARGOLIS
- SnG
Highest known parent: ARGOLIS. The sources do not say who stands above it.
Owners 1
- ARGOLISparentSourceaccounts ARGOLIS 202599.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,890 EUR awarded · 1,890 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,890 EUR | 1,890 EUR |
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Of 1,597 companies in sector 18120 we hold annual accounts for 807. 413 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405570460
Also
9925:BE0405570460
Registered
25-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.