Sono Group N.V. (SSM) Balance Sheet

NASDAQ: SSMAssets, liabilities, debt and equity over 7 years.

SSM balance sheet, 2025

December 31, 2025 · euros

€1.7M assets = €1.8M liabilities + −€125,684 equity

What it owns€1.7MCash & ST investments: €241,971 (14.5%)Cash & ST investments€241,971 · 14%Inventory: €386,449 (23.1%)Inventory€386,449 · 23%Other current: €259,591 (15.5%)Other current€259,591 · 16%PP&E: €784,645 (46.9%)PP&E€784,645 · 47%Other non-current: €1 (0.0%)=How it is financed€1.8MCurrent liabilities: €1.2M (67.1%)Current liabilities€1.2M · 67%Other LT liabilities: €592,007 (32.9%)Other LT liabilities€592,007 · 33%

Liabilities exceed assets: shareholders’ equity is negative (−€125,684).

Both columns are drawn to the same scale: what SSM owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SSM financial health

Current ratio0.74
Tight · current assets cover current liabilities 0.74×
Equity / assets−7.5%
Thin equity · of assets funded by shareholders
Cash / debt35.9%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

SSM balance sheet trends, 2019–2025

MetricTrendThenLatestChange
Total assets€5.6M2019€1.7M2025−18.3%/yr
Total liabilities€24.0M2019€1.8M2025−35.1%/yr
Shareholders’ equity−€18.4M2019−€125,6842025—
Cash & short-term investments€402,3852019€241,9712025−8.1%/yr
Total debt€8.4M2019€674,2312025−34.3%/yr
Net cash (debt)−€8.0M2019−€432,2602025+€7.5M
Working capital−€5.9M2019−€318,3222025+€5.6M
Current ratio0.1420190.742025+0.60
Shares outstanding691K20191.5M2025+13.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SSM assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SSM liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SSM debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SSM balance sheet in euros

2025202420232022202120202019
Assets
Cash & short-term investments€241,971€1.4M€7.4M€30.8M€138.9M€47.9M€402,385
Cash & equivalents€241,971€1.4M€7.4M€30.4M€132.9M€47.9M€402,385
Short-term investments——€485,000€485,000€6.0M——
Receivables€0€0€13,000€7.4M€2.3M€442,447€500,263
Inventory€386,449€304,000−€170,964€73,000€372,646€0€0
Other current assets€259,591€634,000€1.6M€17.5M€794,354€883,897€28,672
Total current assets€888,011€2.3M€8.9M€55.8M€142.4M€49.2M€931,320
Property, plant & equipment (net)€784,645€759,000€679,000€1.5M€4.5M€4.0M€4.7M
Goodwill & intangible assets€0€0€3,000€3,000€206,000€15,979€26,693
Long-term investments€0€0€987,000€158,000€0€0€0
Other non-current assets€1€0€0€73,000€180,000€40,951€27,683
Total assets€1.7M€3.1M€9.6M€57.5M€147.3M€53.3M€5.6M
Liabilities
Accounts payable€1.0M€575,000€1.0M€5.8M€6.9M——
Short-term debt€82,223€24.1M€25.7M€30.2M€472,000€9.4M€2.3M
Deferred revenue€5,873—€422,631€422,631———
Total current liabilities€1.2M€25.2M€96.6M€46.6M€12.7M€14.0M€6.8M
Long-term debt€0€0€0€2.5M€0€0€0
Lease obligations€574,000€630,000€679,000€2.6M———
Other long-term liabilities€592,007€572,000€630,000€51.9M€51.1M€44.3M€17.1M
Total liabilities€1.8M€25.7M€97.2M€101.0M€63.9M€58.3M€24.0M
Shareholders' equity
Common stock & paid-in capital€28,190€48,000€12.0M€10.6M€8.7M€6.5M€33,614
Retained earnings (deficit)−€372.8M−€321.4M−€386.5M−€330.8M−€147.1M−€83.0M−€26.8M
Accumulated other comprehensive income——€287.9M€277.3M€221.8M€32.1M—
Total shareholders' equity−€125,684−€22.7M−€87.7M−€43.5M€83.4M−€5.0M−€18.4M
Key figures
Total debt€674,231€24.7M€26.3M€34.9M€6.8M€14.7M€8.4M
Net cash (debt)−€432,260−€23.3M−€18.9M−€4.0M€132.1M€33.2M−€8.0M
Working capital−€318,322−€22.9M−€87.7M€9.2M€129.7M€35.1M−€5.9M
Tangible book value−€125,684−€22.7M−€87.7M−€43.5M€83.2M−€5.0M−€18.4M
Shares outstanding1.5M1.4M1.4M1.3M798K769K691K
Current ratio0.740.090.091.2011.173.500.14
Quick ratio0.200.050.080.8211.083.440.13
Debt / equity————0.08——
Equity / assets−7.5%−743.4%−918.2%−75.7%56.6%−9.4%−325.7%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed April 1, 2026); data from EODHD.

SSM financial position

At the end of fiscal 2025 (December 31, 2025), Sono had total assets of €1.7 million (down 45.2% from a year earlier), total liabilities of €1.8 million and shareholders' equity of -€0.1 million. It held €0.2 million in cash and short-term investments against €0.7 million of debt, net debt of €0.4 million. Its current ratio was 0.74.

Related: SSM income statement, SSM cash flow statement, SSM key metrics. See the SSM stock overview for the latest quote and news.

SSM balance sheet FAQ

What are Sono's total assets?

Sono reported total assets of €1.7 million at the end of fiscal 2025 (December 31, 2025), compared with €3.1 million a year earlier.

How much debt does Sono have?

Sono had €0.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.

How much cash does Sono have?

Sono held €0.2 million in cash and short-term investments at the end of fiscal 2025; with €0.7 million of debt that is net debt of €0.4 million.

What is Sono's book value?

Sono's shareholders' equity (book value) was -€0.1 million at the end of fiscal 2025.

What is Sono's current ratio?

Sono had current assets of €0.9 million and current liabilities of €1.2 million, a current ratio of 0.74 (current liabilities exceed current assets).

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