C.S. SUN
InactiveC.S. SUN was declared bankrupt on 09-03-2023 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 19-12-2024, published in the Belgian State Gazette on 30-12-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
23 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€-48k▼ 25.9%
2020 · €-38k
2018: €-3k
2019: €-20k
2020: €-38k
2018 → 2021
Total assets
€26k▲ 219%
2020 · €8k
2018: €30k
2019: €17k
2020: €8k
2018 → 2021
Net result
€-10k▲ 45.9%
2020 · €-18k
2018: €-3k
2019: €-17k
2020: €-18k
2018 → 2021
Working capital
€-68k▼ 59.7%
2020 · €-43k
2018: €-18k
2019: €-30k
2020: €-43k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-3k-€-20k▼ 573%€-38k▼ 91.8%€-48k▼ 25.9%
Operating result€-1k-€-16k▼ 1,383%€-17k▼ 11.4%€-9k▲ 47.4%
Net result€-3k-€-17k▼ 463%€-18k▼ 7.8%€-10k▲ 45.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2021 against €17k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €26k
Fixed assets
€20k▲ 356%
Current assets
€6k▲ 56.8%
Key figures and ratios
EBITDA
€-6k▲
2020 · €-12k
Cash flow
€-7k▲
2020 · €-13k
Solvency
-187.4%▲
2020 · -474.4%
Current ratio
0.08▼
2020 · 0.08
Quick ratio
0.04▲
2020 · 0.02
Debt / equity
-1.53
ROA
-38.5%▲
2020 · -227.0%
Interest coverage
-13.48
Debt
€74k▲
2020 · €46k
Debt ≤ 1 year
€74k▲
2020 · €46k
Income taxes
€303▼
2020 · €387
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€8k€26k▲
Fixed assets21/28€4k€20k▲
Tangible fixed assets22/27€4k€12k▲
Plant, machinery and equipment23-€2k
Other tangible fixed assets26-€10k
Financial fixed assets28-€8k
Current assets29/58€4k€6k▲
Stocks and contracts in progress3€3k€3k▲
Stocks30/36-€3k
Cash at bank and in hand54/58€454€1k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€8k€26k▲
Equity10/15€-38k€-48k▼
Contributions10/11€12k€12k=
Capital10-€12k
Issued capital100-€19k
Uncalled capital101-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Legal reserve130-€2k
Profit (loss) carried forward14€-52k€-62k▼
Amounts payable17/49€46k€74k▲
Amounts payable within one year42/48€46k€74k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€9k€7k▼
Suppliers440/4-€7k
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48-€60k
Income statement
Code20202021
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8-€2k
Gross operating margin9900€-11k€-4k▲
Operating profit (loss)9901€-17k€-9k▲
Financial charges65/66B-€457
Recurring financial charges65€541€457▼
Profit (loss) for the period before taxes9903€-18k€-10k▲
Income taxes67/77€387€303▼
Profit (loss) for the period9904€-18k€-10k▲
Profit (loss) for the period to be appropriated9905€-18k€-10k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-62k
Profit (loss) brought forward from the previous period14P-€-52k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · C.S. SUN BV SINT- MAARTENSTRAAT 12/D, 3000 LEUVEN · event 19-12-2024
2023
15-03
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · C.S. SUN BV SINT-MAARTEN- STRAAT 12/D, 3000 LEUVEN · event 09-03-2023
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 28 days late
2014
15-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 15 days late
2013
12-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 12 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER ENGELANDSTRAAT 61,
3290 DIEST |
09-03-2023 → present |
| Curator | ELS VAN ERUM ENGELAND-
STRAAT 61, 3290 DIEST |
09-03-2023 → present |