Equity
€105,297 ▲ 713%
Equity rose in 2025 from €12,960 to €105,297.
SUND
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €180,602 (2025)
€180,602▲ 71.5%
lowest -€47,488 (2020)
€92,337▲ 59.9%
peak €105,297 (2025)
€105,297▲ 713%
€105,280▼ 58.5%
peak 1 FTE (2007)
-not published
Board2 names since 2020
1 directorBelaen Vicky
Documentsfilings and deeds
23-09-202654 days late
2025micro format
Gross margin from €105,277 to €180,602Result from €57,760 to €92,337Equity from €12,960 to €105,297Debts from €253,488 to €105,280Cash from €944 to €11,399
Key points
from the 2025 annual accountsTurnover
≈ €450,000 estimated
The accounts state no turnover.
Investments
€4,596 4.8 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.00 was 0.41 in 2024
Short-term debts rose from €60,580 to €103,409.
Filings
21 annual accounts since 2005
Five of the last ten came late. The 2025 accounts came latest: 54 days after the end of the period.
Position in the sector
€92,337
Higher net result than 95% of companies in printing. Sector median €5,740 · 1,125 companies.
Checked score
84
Excellent
Financially stronger than 66% of micro companies in printing (NACE 18)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 1,614 companies (NACE 18, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%▼ -0.1 percentage points vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.2 percentage points vs 06-2025
08-2025: 0.5%▼ -0.5 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%▼ -0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 1.2%▲ +0.7 percentage points vs 07-2026
09-2026: 1.5%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.5%▼ -1.0 percentage point vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 54 days late; 1 of the last 3 accounts late
Size: total assets €210,577
Sector: Printing and reproduction of recorded media (NACE 18)
lowers risk
Founded in 2004
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 18, micro). It does better than 52% of them on solvency, 20% on liquidity, 94% on profitability and 99% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as SUND has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SUND itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for SUND. 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.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.0 (0.41 in 2024), above the usual 1.5. Short-term debt is 49.1% and cash 5.4% of total assets. 50% of the assets are financed with debt and provisions.
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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
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
54 days late
2024
6 days early
2023
7 days early
2022
32 days early
2021
32 days early
2020
31 days late
2019
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0870773453
Appointment: Belaen Vicky (director)
General meeting of 01-07-2021 · Gazette deed
Merger: SUND takes over ANYLED
Dissolution of the company · Dissolved without liquidation · Resignation: Belaen Alain (director) · General meeting of 31-03-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SUND Waregem | €210,577 | €180,602 | 50.0% | - |
| DRUKKERIJ ELITE. Lommel | €249,659 | €191,913 | 12.5% | - |
| POLYPRINT ONTWERP + DRUK Wichelen | €240,802 | €218,850 | 32.8% | - |
| B - KWADRAAT Wevelgem | €181,471 | €120,613 | 10.3% | - |
| PRINT UP Esneux | €261,978 | €160,247 | 82.2% | - |
| IMPRIMERIES BEAUMONTOISES LEBRUN Beaumont | €251,709 | €168,296 | 59.4% | - |
| ADVENTURES SIGN - ROYEZ Wavre | €291,666 | €201,057 | 39.2% | - |
These companies have the same main activity as SUND: other printing (NACE 18120). They are comparable in size and age: total assets between €181,000 and €292,000, founded between 2001 and 2006.
Official details
Source: KBO- Status
- Active since 23-12-2004Normal situation
- Activity
- Other printingNACE 18120and 2 others
- Establishment unit
- 2.144.593.5868793 Waregem, since 23-12-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 01-05-2025
Insights on SUND
SUND files the micro format. That format states no turnover. The gross margin rose from €19,753 in 2006 to €180,602 in 2025.
The balance sheet grew most from 2007 to 2009 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SUND
- What is the company number of SUND?
- The company number of SUND is 0870.773.453. The VAT number is the same number with BE in front: BE 0870.773.453.
- Where is SUND based?
- The registered office is at Vennestraat 3, 8790 Waregem.Company details
- What does SUND do?
- According to the KBO register, the main activity is other printing (NACE 18120).
- What is the legal form of SUND?
- SUND is a private limited company (BV).
- When was SUND founded?
- SUND was founded on 23-12-2004.
- Is SUND still active?
- Yes, SUND is an active enterprise in the KBO register.
- What is the turnover of SUND?
- The turnover in financial year 2025 is ≈ €450,000. This figure is estimated from the gross margin of €180,602 and 2,205 comparable companies of the same size. It probably lies between €300,000 and €700,000. It is a rough estimate.Financials
- Is SUND profitable?
- In financial year 2025, SUND made a profit of €92,337.
- Where can I find the annual accounts of SUND?
- SUND filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SUND due?
- SUND must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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