A SURPLUS
ActiveSummary
A SURPLUS has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €324,951 and a net result of €22,174. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 75% of 9,848 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-03-2012 Normal situation
- Registered office
- 17 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Agents in the wholesale of timber and building materials NACE 46130
- Establishment unit
- 2.247.449.913 3600 Genk, since 01-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 06-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €51,682
- ▼ 9.6%
- Turnover
- ≈ €260,000
- estimated
- Profit
- €22,174
- ▼ 10.4%
- Equity
- €324,951
- ▼ 4.6%
- Total assets
- €469,142
- ▼ 4.4%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 3 of the last 3 accounts lateLiquidity: current ratio 5.21, cash €5,965, halvedlowers riskFounded in 2012Equity €324,951 (69.3% of total assets)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 74% of them on solvency, 54% on liquidity, 63% on profitability and 32% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00502875.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 14 filings
Every figure per financial year
The operating result for 2025 is 15% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €30,541 | €2,380 | - | - | - |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 |
| Mortgage mandates | €225,000 | €225,000 | €225,000 | €225,000 | €225,000 |
| Carrying value of the mortgaged assets | €191,129 | €181,277 | €180,015 | €183,257 | €176,598 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €8,510 | €14,750 | €5,560 |
| Depreciation and write-downs of the year | €10,461 | €9,852 | €9,772 | €11,507 | €12,219 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €49,235 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,713 | €17,246 | €16,599 | €10,461 | €9,852 | €9,772 | €11,507 | €12,219 | ▲ 6.2% |
| Other operating charges640/8 | - | - | - | €3,437 | €4,180 | €4,202 | €4,384 | €4,239 | ▼ 3.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €2,517 | - | - | - |
| Gross operating margin9900 | €57,517 | €77,974 | €82,111 | €77,399 | €75,037 | €81,537 | €57,144 | €51,682 | ▼ 9.6% |
| Operating profit (loss)9901 | €36,092 | €21,436 | €62,080 | €63,501 | €61,005 | €65,046 | €41,253 | €35,224 | ▼ 14.6% |
| Financial income75/76B | - | - | - | €217 | €10 | €4,755 | €2,900 | €3,672 | ▲ 26.6% |
| Recurring financial income75 | €1 | €1 | - | €217 | €10 | €4,755 | €2,900 | €3,672 | ▲ 26.6% |
| Financial charges65/66B | - | - | - | €1,294 | €3,553 | €8,287 | €350 | €108 | ▼ 69.2% |
| Recurring financial charges65 | €3,583 | €2,859 | €2,046 | €1,294 | €3,553 | €187 | €350 | €108 | ▼ 69.2% |
| Non-recurring financial charges66B | - | - | - | - | - | €8,100 | - | - | - |
| Profit (loss) for the period before taxes9903 | €32,509 | €18,577 | €60,034 | €62,425 | €57,462 | €61,514 | €43,802 | €38,788 | ▼ 11.4% |
| Income taxes67/77 | €11,975 | €20,957 | €21,124 | €24,493 | €22,984 | €25,549 | €19,041 | €16,614 | ▼ 12.7% |
| Profit (loss) for the period9904 | €20,534 | -€2,379 | €38,910 | €37,931 | €34,478 | €35,964 | €24,761 | €22,174 | ▼ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €20,534 | -€2,379 | €38,910 | €37,931 | €34,478 | €35,964 | €24,761 | €22,174 | ▼ 10.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €519,204 | €633,000 | €472,270 | €460,782 | €447,872 | €463,735 | €490,982 | €469,142 | ▼ 4.4% |
| Fixed assets21/28 | €403,981 | €388,954 | €372,355 | €191,129 | €181,277 | €180,015 | €183,257 | €176,598 | ▼ 3.6% |
| Tangible fixed assets22/27 | €403,981 | €388,954 | €372,355 | €191,129 | €181,277 | €180,015 | €183,257 | €176,598 | ▼ 3.6% |
| Land and buildings22 | - | - | - | €191,129 | €181,277 | €180,015 | €183,257 | €176,598 | ▼ 3.6% |
| Current assets29/58 | €115,223 | €244,047 | €99,916 | €269,654 | €266,596 | €283,721 | €307,725 | €292,544 | ▼ 4.9% |
| Stocks and contracts in progress3 | - | €12,000 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €91,881 | €228,980 | €84,498 | €206 | €34,372 | €83,371 | €59,403 | €84,447 | ▲ 42.2% |
| Trade receivables40 | - | - | - | €206 | €31,155 | €83,371 | €59,015 | €13,362 | ▼ 77.4% |
| Other amounts receivable41 | - | - | - | - | €3,217 | - | €387 | €71,085 | ▲ 184× |
| Current investments50/53 | - | - | - | - | €197,044 | €147,806 | €199,557 | €202,089 | ▲ 1.3% |
| Cash at bank and in hand54/58 | €22,922 | €2,568 | €14,897 | €269,252 | €35,012 | €52,358 | €48,567 | €5,965 | ▼ 87.7% |
| Deferred charges and accrued income490/1 | - | - | - | €196 | €168 | €186 | €199 | €43 | ▼ 78.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €519,204 | €633,000 | €472,270 | €460,782 | €447,872 | €463,735 | €490,982 | €469,142 | ▼ 4.4% |
| Equity10/15 | €171,112 | €168,733 | €207,643 | €245,574 | €280,052 | €316,016 | €340,777 | €324,951 | ▼ 4.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €152,512 | €150,133 | €189,043 | €226,974 | €261,452 | €297,416 | €322,177 | €306,351 | ▼ 4.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €225,114 | €259,592 | €295,556 | €320,317 | €304,491 | ▼ 4.9% |
| Amounts payable17/49 | €348,092 | €464,267 | €264,628 | €215,208 | €167,821 | €147,720 | €150,205 | €144,191 | ▼ 4.0% |
| Amounts payable after more than one year17 | €193,876 | €170,679 | €153,193 | €135,284 | €96,329 | €99,329 | €100,329 | €88,013 | ▼ 12.3% |
| Other amounts payable178/9 | - | - | - | €135,284 | €96,329 | €99,329 | €100,329 | €88,013 | ▼ 12.3% |
| Amounts payable within one year42/48 | €154,216 | €293,589 | €111,435 | €79,925 | €71,492 | €48,391 | €49,876 | €56,178 | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €30,541 | €2,380 | - | - | - | - |
| Financial debts43 | - | - | - | - | €1 | €1 | €1 | - | - |
| Credit institutions430/8 | - | - | - | - | €1 | €1 | €1 | - | - |
| Trade debts44 | €98,757 | €233,104 | €37,073 | €466 | €21,747 | €1,263 | €31,522 | €17,034 | ▼ 46.0% |
| Suppliers440/4 | - | - | - | €466 | €21,747 | €1,263 | €31,522 | €17,034 | ▼ 46.0% |
| Taxes, remuneration and social security45 | - | - | - | €48,917 | €47,364 | €47,126 | €18,353 | €23,045 | ▲ 25.6% |
| Taxes450/3 | - | - | - | €48,917 | €47,364 | €47,126 | €18,353 | €23,045 | ▲ 25.6% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €16,100 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,534 | -€2,379 | €38,910 | €37,931 | €34,478 | €35,964 | €24,761 | €22,174 | ▼ 10.4% |
| + Depreciation and write-downs630 | €17,713 | €17,246 | €16,599 | €10,461 | €9,852 | €9,772 | €11,507 | €12,219 | ▲ 6.2% |
| Operating cash flow (approximation) | €38,247 | €14,867 | €55,509 | €48,392 | €44,330 | €45,737 | €36,268 | €34,393 | ▼ 5.2% |
| Investment in fixed assets (approximation) | - | -€2,219 | €0 | €170,765 | €0 | -€8,510 | -€14,750 | -€5,560 | ▲ 62.3% |
| Change in cash | - | -€20,354 | €12,329 | €254,355 | -€234,240 | €17,346 | -€3,792 | -€42,602 | ▼ 1,024% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,049 companies had the same profile as A SURPLUS has now. Two years later, 95.9% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of A SURPLUS itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for A SURPLUS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00502875 | |
| 31-12-2024 | abbreviated format | 31-08-2025 | 2025-00461395 | |
| 31-12-2023 | abbreviated format | 30-09-2024 | 2024-00488682 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00434753 | |
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20213879 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59600245 | |
| 31-12-2019 | abbreviated format | 30-09-2020 | 2020-59300274 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-62200548 | |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-36400364 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-58100111 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 10-01-2024 Converted to available equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TRIPPAERS Marcel |
|
| huidige niet-statutaire zaakvoerder |
|
Network & group
Companies at the same address
16 other companies- GROUP CAVALIERE Establishment · since 2024 1013499451
- Groep Cavaliere Registered office · since 2022 0792169108
- O-Range Technologies Registered office · since 2021 0764944671
- JE CONSTRUCT Establishment · since 2020 0824879783
- Provenzale, Angelo (sole trader) Establishment · since 2020 0742802640
- R.S.T. VOOR U Registered office · since 2017 0476967509
- VENTILATIE BEDRIJF CAVALIERE Registered office · since 2016 0660564852
- Creapro Interieur Registered office · since 2015 0638810722
- BW GROEP Registered office · since 2015 0630943626
- TENCO DDM Registered office · since 2014 0553480911
Connections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
10-01
Gazette deed
Registered office moved to GenkNew seat: 3600 Genk, Seinhuisstraat 3 bus 6 · Appointment: TRIPPAERS Marcel (director) · Resignation: huidige niet-statutaire zaakvoerder (manager)8 points ▸
- General meeting, 20-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “beschikbare vermogensrekeningen” (deed in Dutch)
- Board rule, 1
- Director appointment, TRIPPAERS Marcel (director (not named in the articles))
- Registered-office move, 3600 Genk,Seinhuisstraat 3 bus 6
- Director resignation, huidige niet-statutaire zaakvoerder (manager (not named in the articles))
- Director discharge, huidige niet-statutaire zaakvoerder (manager (not named in the articles))
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71302A0002/00K033 | Flanders | 3.4 ha | 1 · 4,671 m² | 8.5 m · 2 |