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Stokvis Nord Afrique

SNA · Bourse de Casablanca · Consolidated statements

On this page
Company details
Legal name
Stokvis Nord Afrique S.A.
Listing
SNA on the Bourse de Casablanca, active · ISIN MA0000012700 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

Read with these figures

  • Qualified audit opinion. FY2025: The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Details below.
  • Auditor's emphasis of matter. Observation: Stokvis Engins S.A. received on 2 February 2026 a tax audit notice covering corporate income tax, payroll income tax and VAT for 2021-2024 and earlier unprescribed years, with no notification received yet; the consolidated net position remains negative because of the losses recorded and a recapitalisation of the Group is necessary ('Une recapitalisation du Groupe s'avère nécessaire') (PDF p43).
Full wording and sources

  • Auditor's report, year to 2025-12-31: qualified opinion ('except for')

    The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Fondement de l'opinion avec réserve: (1) the audit reports of the subsidiaries Stokvis Agri, Stokvis Engins, Stokvis Industries, Stokvis Motors and Stokvis Automotive for 2025 carry qualifications for insufficient provisions on inventories (MAD 10 million in total) and on trade receivables (MAD 32.7 million in total), affected by lower activity; (2) the audit report of the subsidiary Stokvis Automotive reports a material uncertainty related to going concern (PDF p42).

    Source: Rapport financier annuel, Groupe Stokvis, Avril 2026, p42 (dated 2026-04-29)

  • Auditor's emphasis of matter

    Observation: Stokvis Engins S.A. received on 2 February 2026 a tax audit notice covering corporate income tax, payroll income tax and VAT for 2021-2024 and earlier unprescribed years, with no notification received yet; the consolidated net position remains negative because of the losses recorded and a recapitalisation of the Group is necessary ('Une recapitalisation du Groupe s'avère nécessaire') (PDF p43).

    Source: Rapport financier annuel, Groupe Stokvis, Avril 2026 (dated 2026-04-29)

  • Revenue

    MAD 219 million

    219,426 MAD thousands · p31

    −34.4% vs 2024

  • Operating profit / (loss)

    MAD 32.4 million

    32,386 MAD thousands · p31

    Moved from loss to profit (FY2024: (16.638) MAD thousands)

  • Profit / (loss) for the year

    MAD 26.5 million

    26,460 MAD thousands · p31

    +26.3% vs 2024

  • Total assets

    MAD 426 million

    425,636 MAD thousands · p30

    −32.1% vs 2024

  • Total equity

    −MAD 96.5 million

    (96,517) MAD thousands · p30

    Change not shown.

  • Cash from operations

    Not reported in this filing

Large amounts are rounded for reading (MAD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the prior-year figure is zero or negative.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in MAD thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, MAD thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Chiffre d'affaires 219,426 334,396
Variation de stocks de produits1 (9,435) (92)
Autres produits d'exploitation 12,174 15,945
Produits d'exploitation2 222,165 350,249
Achat revendu de marchandises3 (134,534) (248,601)
Achats consommés de mat et fournit4 (2,569) (3,862)
Autres charges externe5 (15,532) (8,756)
Impôts et taxes6 (1,161) (1,378)
Charges de personnel (28,526) (30,079)
Autres charges d'exploitation (1,061) (214)
Dotations d'exploitation7 (6,395) (73,998)
Charges d'exploitation8 (189,778) (366,887)
Résultat d'exploitation 32,386 (16,638)
Charges financières nettes9 (25,522) (6,764)
Résultat courant des entreprises intégrées10 6,864 (23,402)
Résultat non courant11 11,767 44,601
Résultat avant impôt 18,631 21,198
Impôt sur le résultat 7,829 (242)
Résultat net des entreprises intégrées avant amortissement des écarts d'acquisition12 26,460 20,956
DEA des écarts d'acquisition13 –14 –14
QP des sociétés mises en équivalence –14 –14
Résultat net de l'ensemble consolidé 26,460 20,956
Intérêts minoritaires dans le résultat15 242 (20)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
Notes and alternative reported figures (14)
  1. “Variation de stocks de produits” is an issuer-specific line, not mapped to a shared definition: Change in stocks of products.
  2. “Produits d'exploitation” is an issuer-specific line, not mapped to a shared definition: Total operating revenue: turnover, change in stocks and other operating revenue.
  3. “Achat revendu de marchandises” is an issuer-specific line, not mapped to a shared definition: Purchases of goods for resale, adjusted for stock movement.
  4. “Achats consommés de mat et fournit” is an issuer-specific line, not mapped to a shared definition: Materials and supplies consumed.
  5. “Autres charges externe” is an issuer-specific line, not mapped to a shared definition: Other external charges.
  6. “Impôts et taxes” is an issuer-specific line, not mapped to a shared definition: Taxes and duties other than income tax.
  7. “Dotations d'exploitation” is an issuer-specific line, not mapped to a shared definition: Operating depreciation, amortisation and provision charges.
  8. “Charges d'exploitation” is an issuer-specific line, not mapped to a shared definition: Total operating charges (negative).
  9. “Charges financières nettes” is an issuer-specific line, not mapped to a shared definition: Net financial result (note 4.7).
  10. “Résultat courant des entreprises intégrées” is an issuer-specific line, not mapped to a shared definition: Operating result plus net financial charges.
  11. “Résultat non courant” is an issuer-specific line, not mapped to a shared definition: Non-current (exceptional) result (note 4.8).
  12. “Résultat net des entreprises intégrées avant amortissement des écarts d'acquisition” is an issuer-specific line, not mapped to a shared definition: Net result of consolidated companies before goodwill amortisation and equity-accounted shares.
  13. “DEA des écarts d'acquisition” is an issuer-specific line, not mapped to a shared definition: Goodwill amortisation; printed '-'.
  14. “Intérêts minoritaires dans le résultat” is an issuer-specific line, not mapped to a shared definition: Minority interests' share of the result.

Balance sheet

Balance sheet, MAD thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Immobilisations en non valeur1 –2 –2
Ecart d'acquisition3 –2 –2
Immobilisations incorporelles 2,214 13,801
Immobilisations corporelles 28,852 32,305
Titre mis en équivalence 0 0
Immobilisations financières4 13,242 19,511
Impôts différés actifs 54,403 42,015
Actif immobilisé (unlabelled subtotal) 98,711 107,631
Stocks et en-cours 51,929 49,218
Clients et comptes rattachés5 98,222 79,917
Autres créances et comptes de régularisation6 129,933 153,325
Valeurs mobilières de placement 2,221 8,681
Actif circulant (unlabelled subtotal) 282,306 291,140
Trésorerie - actif 44,619 227,765
Total de l'actif 425,636 626,537
Capital 176,952 176,952
Primes d'émission, de fusion, d'apport –7 –7
Réserves consolidées8 (299,928) (310,638)
Résultat consolidé9 26,460 20,957
Capitaux propres de l'ensemble consolidé (96,517) (112,730)
Dont : Capitaux propres part du groupe (97,214) (113,253)
Intérêts minoritaires 697 523
Dettes de financement 92,080 97,409
Provisions pour risques et charges 4,966 8,517
Impôts différés passifs –10 –10
Non-current liabilities (unlabelled subtotal) 97,046 105,926
Fournisseurs et comptes rattachés11 21,664 47,177
Autres dettes et comptes de régularisation12 256,973 278,407
Passif circulant (unlabelled subtotal) 278,636 325,584
Trésorerie - passif 146,470 307,756
Total du passif 425,636 626,537
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_equity.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_liabilities.
Notes and alternative reported figures (9)
  1. “Immobilisations en non valeur” is an issuer-specific line, not mapped to a shared definition: Capitalised preliminary/deferred charges (Moroccan CGNC); printed '-'.
  2. “Ecart d'acquisition” is an issuer-specific line, not mapped to a shared definition: Goodwill on consolidation; printed '-'.
  3. “Immobilisations financières” is an issuer-specific line, not mapped to a shared definition: Non-current financial assets (loans, deposits, securities).
  4. “Clients et comptes rattachés” is an issuer-specific line, not mapped to a shared definition: Trade receivables, printed apart from other receivables.
  5. “Autres créances et comptes de régularisation” is an issuer-specific line, not mapped to a shared definition: Other receivables and prepayments/accruals.
  6. “Réserves consolidées” is an issuer-specific line, not mapped to a shared definition: Consolidated reserves (negative).
  7. “Résultat consolidé” is an issuer-specific line, not mapped to a shared definition: The year's consolidated result shown within equity.
  8. “Fournisseurs et comptes rattachés”: mapping to a shared definition is uncertain. Trade payables only; other payables are printed apart ('Autres dettes et comptes de régularisation').
  9. “Autres dettes et comptes de régularisation” is an issuer-specific line, not mapped to a shared definition: Other payables and accruals (note 4.4: includes shareholder current accounts).

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Profit / (loss) attributable to shareholders (MAD thousands)1 26,218 20,976
Notes and alternative reported figures (1)
  1. Profit / (loss) attributable to shareholders: printed as “Résultat net part du Groupe”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

No dividend statement or amount collected.

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Rapport financier annuel, Groupe Stokvis, Avril 2026

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: HDID & Associés (Mohamed HDID) and Horwath Maroc Audit / Crowe (Maryam MOUNA), commissaires aux comptes, qualified opinion · signed

    Auditor's sign-off: Mohamed HDID (HDID & Associés); Maryam MOUNA (Horwath Maroc Audit)

    Final status: Commissaires aux comptes' report on the consolidated statements (scanned, PDF pp42-45) signed for HDID & Associés (Mohamed HDID, associé gérant; handwritten signature over the firm stamp) and Horwath Maroc Audit (Maryam MOUNA, associée; firm stamp with signature) and dated 'Casablanca, le 29 avril 2026' (PDF p45, page image). The opinion is qualified. No board approval date for the statements is printed.

    Document date
    29 Apr 2026
    Auditor's report
    29 Apr 2026
    Board approval
    date not found in this document
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · MAD thousands (printed “En KMAD”)
    • Fondement de l'opinion avec réserve: (1) the audit reports of the subsidiaries Stokvis Agri, Stokvis Engins, Stokvis Industries, Stokvis Motors and Stokvis Automotive for 2025 carry qualifications for insufficient provisions on inventories (MAD 10 million in total) and on trade receivables (MAD 32.7 million in total), affected by lower activity; (2) the audit report of the subsidiary Stokvis Automotive reports a material uncertainty related to going concern (PDF p42).
    • Balance-sheet section subtotals are unlabelled (p30). Printed rounding: current assets 282.306 against lines adding to 282.305; equity lines (capital, reserves, result) add to (96.516) against (96.517); passif circulant 278.636 against 278.637; 2024 result 20.957 on the bilan against 20.956 on the income statement. Figures kept as printed.
    • Consolidated equity is negative at both dates ((96.517); 2024: (112.730)); the auditors note a recapitalisation of the Group is necessary (p43).
    • No consolidated cash-flow statement is printed in the document (the auditors' opinion, p42, lists 'le tableau consolidé des flux de trésorerie'); the consolidated statements printed are the bilan (p30) and the compte de produits et charges (p31), with notes pp32-40.
    Technical details
    File
    62 pages, with a text layer
    SHA-256
    c8a56cfe59a517c6dcc42ad52ab113833fa82a33ff6967910876595e53a66b2c
    Entity as printed
    STOKVIS NORD AFRIQUE S.A ET SES FILIALES (GROUPE STOKVIS)
    Regulator copy
    retrieved 2026-10-08T18:40:20Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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