SOCARDENNE ALIMENTATION
ActiveSOCARDENNE ALIMENTATION has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.40M and a net result of €169k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 4826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent▲ +36 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+60
Solvency54▲+4
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.27 in 2024), and 68.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
31.6%
Return on assets
3.8%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
1 d early
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€169k
2024 · €-130k
2018: €3k
2019: €112k
2020: €66k
2021: €169k
2022: €216k
2023: €36k
2024: €-130k
2018 → 2025
Working capital
€620k▼ 13.9%
2024 · €720k
2018: €240k
2019: €405k
2020: €513k
2021: €660k
2022: €870k
2023: €806k
2024: €720k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.19M-€1.41M▲ 18.1%€1.38M▼ 2.1%€1.24M▼ 10.3%€1.40M▲ 13.7%
Operating result€247k-€279k▲ 13.3%€142k▼ 49.1%€-97k€269k
Net result€169k-€216k▲ 28.1%€36k▼ 83.4%€-130k€169k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €269k after a loss of €97k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.40M
Fixed assets
€737k▼ 22.0%
Current assets
€3.66M▲ 9.2%
Equity and liabilities €4.44M
Equity
€1.40M▲ 13.7%
Debt
€3.04M▼ 2.6%
The debt ratio falls from 71.6% to 68.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€346k▲
2024 · €152k
Cash flow
€245k▲
2024 · €119k
Solvency
31.6%▲
2024 · 28.4%
Current ratio
1.20▼
2024 · 1.27
Quick ratio
1.02▼
2024 · 1.06
Debt / equity
2.16▼
2024 · 2.53
ROE
12.0%▲
2024 · -10.6%
ROA
3.8%▲
2024 · -3.0%
Interest coverage
3.03▲
2024 · 1.66
Debt
€3.04M▼
2024 · €3.12M
Debt ≤ 1 year
€3.04M▲
2024 · €2.63M
Income taxes
€21k
Staff costs
€1.18M▲
2024 · €957k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.36M€4.44M▲
Formation expenses20€60k€48k▼
Fixed assets21/28€945k€737k▼
Intangible fixed assets21€172k€152k▼
Tangible fixed assets22/27€273k€79k▼
Land and buildings22€99k-
Plant, machinery and equipment23€65k€19k▼
Furniture and vehicles24€94k€61k▼
Other tangible fixed assets26€15k-
Financial fixed assets28€500k€506k▲
Current assets29/58€3.35M€3.66M▲
Amounts receivable after more than one year29€552k€502k▼
Other amounts receivable291€552k€502k▼
Stocks and contracts in progress3€563k€563k=
Stocks30/36€563k€563k=
Amounts receivable within one year40/41€1.68M€2.27M▲
Trade receivables40€1.12M€1.12M▼
Other amounts receivable41€564k€1.15M▲
Cash at bank and in hand54/58€530k€309k▼
Deferred charges and accrued income490/1€21k€19k▼
Equity and liabilities
Total equity and liabilities10/49€4.36M€4.44M▲
Equity10/15€1.24M€1.40M▲
Contributions10/11€126k€126k=
Capital10€126k€126k=
Issued capital100€126k€126k=
Reserves13€1.11M€1.28M▲
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€31k€31k=
Distributable reserves133€1.07M€1.24M▲
Amounts payable17/49€3.12M€3.04M▼
Amounts payable after more than one year17€486k-
Financial debts170/4€486k-
Amounts payable within one year42/48€2.63M€3.04M▲
Current portion of amounts payable after more than one year42€92k€1.27M▲
Financial debts43€1.10M-
Credit institutions430/8€1.10M-
Trade debts44€1.26M€1.53M▲
Suppliers440/4€1.26M€1.51M▲
Bills of exchange payable441-€22k
Taxes, remuneration and social security45€180k€239k▲
Taxes450/3€44k€46k▲
Remuneration and social security454/9€136k€193k▲
Other amounts payable47/48€2k€2k=
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Remuneration, social security and pensions62€957k€1.18M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249k€76k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€248k
Other operating charges640/8€42k€21k▼
Gross operating margin9900€1.15M€1.80M▲
Operating profit (loss)9901€-97k€269k▲
Financial income75/76B€52k€35k▼
Recurring financial income75€52k€35k▼
Financial charges65/66B€92k€114k▲
Recurring financial charges65€92k€114k▲
Profit (loss) for the period before taxes9903€-136k€190k▲
Transfer from deferred taxes780€6k-
Income taxes67/77-€21k
Profit (loss) for the period9904€-130k€169k▲
Profit (loss) for the period to be appropriated9905€-130k€169k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-130k€169k▲
Transfer from equity791/2€130k-
Transfer to equity691/2-€169k
To other reserves6921-€169k
Social balance
Average headcount (FTE)908717.620.9▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Back to profitnet €169k
Net result €169k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-130k ▼462%
Net result drops to €-130k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €216k ▲28.1%
Operating result €279k, net result €216k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €1MEq €1.02M ▲6.8%
3 profitable years in a row build equity to €1.02M.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Ciney · 2 establishment units since 1989
Cannot 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.
Allée des Artisans 85590 CineyGround area
1.0 ha
Building footprint
599 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
SOCARDENNE ALIMENTATION
since 19892.042.940.061
SOCARDENNE
since 20252.368.526.895
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82019D0621/00F000 | Wallonia | 7,380 m² | - | - |
| 91030B0198/00B002 | Wallonia | 3,048 m² | 1 · 599 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCiney2.368.526.895
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Of 220 companies in sector 46391 we hold annual accounts for 137. 86 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-04-1989
Fiscal year end31-12
Activities, NACEBEL
46391Wholesale trade
51391
47110Non-specialised retail sale with food, beverages or tobacco predominating
47111Retail trade
47271Retail trade
47279Other retail sale of food
47291Retail trade
47299Retail trade
47783Retail trade
47784Retail trade
52111
52272
52488
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.starsavor.com
Phone:0472569605