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NRSun

Active
Private limited company (pre-2019)founded 20197 yrs activeMinervalei 2, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 0722.793.124
Summary

The computed 12-month bankruptcy probability of NRSun is 6.3% (elevated). The 2025 annual accounts show negative equity (-€8,887) and a net result of -€2,910. Equity is shrinking by ~52.9% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability22▲+22
Solvency7▼-6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
6.3% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 0.89 in 2024; short-term debt: 118.4% and cash: 0.2% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-18.4%
Return on assets
-6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€8,887
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 7 filings
Deviation from the deadline
2025
25 d late
2024
28 d late
2023
118 d late
2022
31 d late
2021
61 d late
2020
31 d late
2019
91 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 55 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

NRSun was incorporated on 15 March 2019.1 Total assets rose from EUR 5,712 in 2019 to EUR 48,181 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€8,887▼ 48.7%
2024 · -€5,977
Total assets
€48,181▼ 0.3%
2024 · €48,302
Net result
-€2,910▲ 69.5%
2024 · -€9,552
Working capital
-€8,887▼ 48.7%
2024 · -€5,977
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€3,021▼ 288%-€6,420▼ 113%€9,039-€9,446-€2,840▲ 69.9%
Net result-€3,107▼ 283%-€6,507▼ 109%€8,288-€9,552-€2,910▲ 69.5%
Equity€1,793▼ 63.4%-€4,714€3,575-€5,977-€8,887▼ 48.7%
Total assets€2,035▼ 64.3%€79,239▲ 3,793%€59,014▼ 25.5%€48,302▼ 18.2%€48,181▼ 0.3%
Debt€242▼ 69.7%€83,953▲ 34,591%€55,439▼ 34.0%€54,279▼ 2.1%€57,069▲ 5.1%
Working capital€1,793▼ 63.4%-€4,714€3,575-€5,977-€8,887▼ 48.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2021: -€3,021-€3,021Net result 2021: -€3,107-€3,107Operating result 2022: -€6,420-€6,420Net result 2022: -€6,507-€6,507Operating result 2023: €9,039€9,039Net result 2023: €8,288€8,288Operating result 2024: -€9,446-€9,446Net result 2024: -€9,552-€9,552Operating result 2025: -€2,840-€2,840Net result 2025: -€2,910-€2,91020212022202320242025-€10,000-€5,000€0€5,000€10,000Operating result 2023: €9,039€9,040Net result 2023: €8,288€8,290Operating result 2024: -€9,446-€9,450Net result 2024: -€9,552-€9,550Operating result 2025: -€2,840-€2,840Net result 2025: -€2,910-€2,910202320242025
The operating result stays negative: a loss of €2,840 in 2025 against €9,446 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Solvency
-18.4%▼
2024 · -12.4%
Current ratio
0.84▼
2024 · 0.89
Quick ratio
0.47▼
2024 · 0.50
ROA
-6.0%▲
2024 · -19.8%
Debt ≤ 1 year
€57,069▲
2024 · €54,279
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
5.1% went bankrupt
5.4% stopped otherwise
89% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,564 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€48,302€48,181▼
Current assets29/58€48,302€48,181▼
Stocks and contracts in progress3€21,421€21,421=
Stocks30/36€21,421€21,421=
Amounts receivable within one year40/41€25,056€25,420▲
Other amounts receivable41€25,056€25,420▲
Cash at bank and in hand54/58€446€99▼
Deferred charges and accrued income490/1€1,379€1,241▼
Equity and liabilities
Total equity and liabilities10/49€48,302€48,181▼
Equity10/15-€5,977-€8,887▼
Contributions10/11€12,500€12,500=
Profit (loss) carried forward14-€18,477-€21,387▼
Amounts payable17/49€54,279€57,069▲
Amounts payable within one year42/48€54,279€57,069▲
Trade debts44€579-
Suppliers440/4€579-
Other amounts payable47/48€53,700€57,069▲
Income statement Code20242025
Other operating charges640/8€5,129€400▼
Gross operating margin9900-€4,318-€2,440▲
Operating profit (loss)9901-€9,446-€2,840▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€105€70▼
Recurring financial charges65€105€70▼
Profit (loss) for the period before taxes9903-€9,552-€2,910▲
Profit (loss) for the period9904-€9,552-€2,910▲
Profit (loss) for the period to be appropriated9905-€9,552-€2,910▲
Appropriation of the result
Profit (loss) to be appropriated9906-€18,477-€21,387▼
Profit (loss) brought forward from the previous period14P-€8,925-€18,477▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€348€1,664€5,129€400▼ 92.2%
Gross operating margin9900-€3,021-€6,073€10,704-€4,318-€2,440▲ 43.5%
Operating profit (loss)9901-€3,021-€6,420€9,039-€9,446-€2,840▲ 69.9%
Financial income75/76B€1--€0--
Recurring financial income75€1--€0--
Financial charges65/66B€86€87€751€105€70▼ 33.5%
Recurring financial charges65€86€87€751€105€70▼ 33.5%
Profit (loss) for the period before taxes9903-€3,107-€6,507€8,288-€9,552-€2,910▲ 69.5%
Profit (loss) for the period9904-€3,107-€6,507€8,288-€9,552-€2,910▲ 69.5%
Profit (loss) for the period to be appropriated9905-€3,107-€6,507€8,288-€9,552-€2,910▲ 69.5%
Line20212022202320242025Change
Assets
Total assets20/58€2,035€79,239€59,014€48,302€48,181▼ 0.3%
Current assets29/58€2,035€79,239€59,014€48,302€48,181▼ 0.3%
Stocks and contracts in progress3-€38,847€24,295€21,421€21,421=
Stocks30/36-€38,847€24,295€21,421€21,421=
Amounts receivable within one year40/41€751€23,115€25,497€25,056€25,420▲ 1.5%
Trade receivables40-€13,127€3,744---
Other amounts receivable41€751€9,988€21,753€25,056€25,420▲ 1.5%
Cash at bank and in hand54/58€897€17,278€9,222€446€99▼ 77.8%
Deferred charges and accrued income490/1€388--€1,379€1,241▼ 10.1%
Equity and liabilities
Total equity and liabilities10/49€2,035€79,239€59,014€48,302€48,181▼ 0.3%
Equity10/15€1,793-€4,714€3,575-€5,977-€8,887▼ 48.7%
Contributions10/11€12,500€12,500€12,500€12,500€12,500=
Profit (loss) carried forward14-€10,707-€17,214-€8,925-€18,477-€21,387▼ 15.8%
Amounts payable17/49€242€83,953€55,439€54,279€57,069▲ 5.1%
Amounts payable within one year42/48€242€83,953€55,439€54,279€57,069▲ 5.1%
Trade debts44€242€25,932€851€579--
Suppliers440/4€242€25,932€851€579--
Taxes, remuneration and social security45-€825€889---
Taxes450/3-€825€889---
Other amounts payable47/48-€57,196€53,700€53,700€57,069▲ 6.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€3,107-€6,507€8,288-€9,552-€2,910▲ 69.5%
Operating cash flow (approximation)-€3,107-€6,507€8,288-€9,552-€2,910▲ 69.5%
Change in cash-€16,381-€8,056-€8,776-€347▲ 96.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
25-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Weakest financial yearnet -€9,552
Net result drops to -€9,552, the lowest in the series; recovery starts the following year.
26-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
31-12
Financial Back to profitnet €8,288
Net result €8,288 after 4 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
4,908 m²
Building footprint
1,632 m²
Volume, LiDAR
28,831 m³
2 parcels, Brussels · tallest building 28.5 m, ±8 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
Tervurenlaan 266, 1150 Sint-Pieters-Woluwe
Agents in non-specialised wholesale trade
since 20192.286.751.244
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21019A0190/00P011 Brussels 4,279 m² 1 · 1,305 m² 20.8 m · 5 fl.
21019A0196/00K002 Brussels 629 m² 1 · 327 m² 28.5 m · 8 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded15-03-2019
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0722793124
Registered 06-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.