Posted by Income loan originator Sandfield Capital has published its financial results for 2025. For context: These are unaudited company figures and not an audited financial statement.
The company reported a net profit of €2.4 million. However, this was primarily driven by a one-off effect: the write-off of accrued but never paid salaries owed to former members of management. This is therefore not an operationally generated profit, but a balance-sheet one-off effect.
Liquidity ratio of 1.2 still looks acceptable. However, leverage is extremely high, while equity remains negative despite an improvement compared with the previous year (-0.7%).