IMMO - SUNSHINE
Open bankruptcyA bankruptcy procedure is open for IMMO - SUNSHINE according to publications in the Belgian State Gazette; curator: JUDITH DEMEYER. The 2023 annual accounts show equity of €545k and a net result of €231k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 17-09-2024, 48 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
48 d late
2022
59 d late
2021
46 d late
2020
60 d late
2019
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€545k▲ 73.5%
2022 · €314k
2018: €261k
2019: €238k
2020: €276k
2021: €288k
2022: €314k
2018 → 2023
Total assets
€1.12M▲ 22.0%
2022 · €914k
2018: €745k
2019: €750k
2020: €817k
2021: €873k
2022: €914k
2018 → 2023
Net result
€231k▲ 780%
2022 · €26k
2018: €8k
2019: €-23k
2020: €39k
2021: €12k
2022: €26k
2018 → 2023
Working capital
€166k
2022 · €-159k
2018: €-361k
2019: €-324k
2020: €-216k
2021: €-279k
2022: €-159k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€238k-€276k▲ 16.2%€288k▲ 4.2%€314k▲ 9.1%€545k▲ 73.5%
Operating result€-20k-€63k€33k▼ 48.6%€76k▲ 135%€362k▲ 374%
Net result€-23k-€39k€12k▼ 70.1%€26k▲ 127%€231k▲ 780%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 374% above 2022 and is the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.12M
Fixed assets
€542k▼ 2.8%
Current assets
€573k▲ 60.9%
Equity and liabilities €1.12M
Equity
€545k▲ 73.5%
Provisions
€151k▲ 328%
Debt
€419k▼ 25.7%
The debt ratio falls from 61.8% to 37.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€414k▲
2022 · €142k
Cash flow
€283k▲
2022 · €92k
Solvency
48.9%▲
2022 · 34.4%
Current ratio
1.41▲
2022 · 0.69
Quick ratio
1.04▲
2022 · 0.40
Debt / equity
0.77▼
2022 · 1.80
ROE
42.4%▲
2022 · 8.4%
ROA
20.7%▲
2022 · 2.9%
Interest coverage
28.03▲
2022 · 9.90
Debt
€419k▼
2022 · €564k
Debt ≤ 1 year
€407k▼
2022 · €516k
Debt > 1 year
€11k▼
2022 · €30k
Income taxes
€562▼
2022 · €603
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€914k€1.12M▲
Fixed assets21/28€557k€542k▼
Intangible fixed assets21€1k€231▼
Tangible fixed assets22/27€553k€538k▼
Land and buildings22€428k€451k▲
Plant, machinery and equipment23€5k€1k▼
Furniture and vehicles24€120k€85k▼
Financial fixed assets28€4k€4k=
Current assets29/58€356k€573k▲
Stocks and contracts in progress3€150k€150k=
Stocks30/36€150k€150k=
Amounts receivable within one year40/41€206k€423k▲
Trade receivables40€206k€284k▲
Other amounts receivable41-€138k
Cash at bank and in hand54/58€427€171▼
Deferred charges and accrued income490/1-€462
Equity and liabilities
Total equity and liabilities10/49€914k€1.12M▲
Equity10/15€314k€545k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€332k€678k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€106k€452k▲
Distributable reserves133€220k€220k=
Profit (loss) carried forward14€-79k€-195k▼
Provisions and deferred taxes16€35k€151k▲
Deferred taxes168€35k€151k▲
Amounts payable17/49€564k€419k▼
Amounts payable after more than one year17€30k€11k▼
Financial debts170/4€30k€11k▼
Amounts payable within one year42/48€516k€407k▼
Current portion of amounts payable after more than one year42€27k€19k▼
Financial debts43€5k€205k▲
Credit institutions430/8€5k€205k▲
Trade debts44€223k€78k▼
Suppliers440/4€223k€78k▼
Taxes, remuneration and social security45€41k€35k▼
Taxes450/3€41k€35k▼
Other amounts payable47/48€220k€71k▼
Accrued charges and deferred income492/3€19k€1k▼
Income statement
Code20222023
Non-recurring operating income76A€141k€473k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€53k▼
Other operating charges640/8€13k€41k▲
Gross operating margin9900€155k€455k▲
Operating profit (loss)9901€76k€362k▲
Financial charges65/66B€14k€15k▲
Recurring financial charges65€14k€15k▲
Profit (loss) for the period before taxes9903€62k€347k▲
Transfer from deferred taxes780-€3k
Transfer to deferred taxes680€35k€118k▲
Income taxes67/77€603€562▼
Profit (loss) for the period9904€26k€231k▲
Transfer from tax-exempt reserves789-€8k
Transfer to tax-exempt reserves689€106k€355k▲
Profit (loss) for the period to be appropriated9905€-79k€-115k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-195k▼
Profit (loss) brought forward from the previous period14P-€-79k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · IMMO-SUNSHINE NV WINGENE STEENWEG 64/BUS 4/01, 8730 BEERNEM · event 27-02-2025
2024
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 48 days late
2023
31-12
Financial
Highest result since 2018net €231k ▲780%
Operating result €362k, net result €231k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.41
Current ratio from 0.69 to 1.41; short-term debt falls from €516k to €407k.
31-12
Financial
Equity above €500kEq €545k ▲73.5%
4 profitable years in a row build equity to €545k.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 46 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
31-12
Financial
Weakest financial yearnet €-23k ▼370%
Net result drops to €-23k, the lowest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 48 days late
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 50 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 acts for this company are 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
Registered office, Beernem · 1 establishment unit since 1990
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.
Wingene Steenweg 648730 BeernemGround area
1,404 m²
Building footprint
964 m²
Volume, LiDAR
6,138 m³
Parcel 31003G0383/00A000, Flanders · tallest building 27.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Q-Platforms
since 19902.048.526.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003G0383/00A000 | Flanders | 1,404 m² | 1 · 964 m² | 27.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JUDITH DEMEYER KONING ALBERT I-LAAN 68C,
8200 BRUGGE |
27-02-2025 → present |
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Of 1,436 companies in sector 77110 we hold annual accounts for 724. 416 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-05-1990
Fiscal year end31-12
Activities, NACEBEL
70201
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
47812Retail trade
50101
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
92724
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.