POWERSUN
ActiveSummary
POWERSUN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249,731 and a net result of €50,837. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77=
Solvency58▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 1.83 in 2024; short-term debt: 7.9% and cash: 12% of total assets), but 66.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.1%
Return on assets
6.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
21 d late
2023
55 d early
2022
62 d early
2021
54 d early
2020
30 d late
2019
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€249,731▲ 25.6%
2024 · €198,894
Total assets
€753,829▲ 3.8%
2024 · €725,928
Net result
€50,837▲ 4.7%
2024 · €48,574
Working capital
€114,153▲ 150%
2024 · €45,619
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,445€5,018▼ 32.6%€49,375▲ 884%€69,645▲ 41.1%€82,905▲ 19.0%
Net result€4,991-€350€39,156€48,574▲ 24.1%€50,837▲ 4.7%
Equity€111,514▲ 4.7%€111,164▼ 0.3%€150,320▲ 35.2%€198,894▲ 32.3%€249,731▲ 25.6%
Total assets€406,446▼ 4.7%€740,757▲ 82.3%€721,335▼ 2.6%€725,928▲ 0.6%€753,829▲ 3.8%
Debt€294,932▼ 7.9%€629,593▲ 113%€571,015▼ 9.3%€527,034▼ 7.7%€504,099▼ 4.4%
Working capital€29,704▲ 300%€8,162▼ 72.5%€15,773▲ 93.2%€45,619▲ 189%€114,153▲ 150%
Staff (FTE)1.5=1.5=1.5=1.5=1.5=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €753,829
Fixed assets
€580,079 ▼ 7.3%
Current assets
€173,751 ▲ 73.2%
Equity and liabilities €753,829
Equity
€249,731 ▲ 25.6%
Debt
€504,099 ▼ 4.4%
Debt's share of the balance-sheet total falls from 72.6% to 66.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€149,695▲
2024 · €134,737
Cash flow
€117,627▲
2024 · €113,667
Current ratio
2.92▲
2024 · 1.83
Quick ratio
2.83▲
2024 · 1.74
Debt to equity
2.02▼
2024 · 2.65
ROE
20.4%▼
2024 · 24.4%
ROA
6.7%▲
2024 · 6.7%
Interest coverage
10.72▼
2024 · 20.36
Debt ≤ 1 year
€59,598▲
2024 · €54,711
Debt > 1 year
€442,442▼
2024 · €471,066
Income taxes
€18,691▲
2024 · €15,248
Staff costs
€32,995▲
2024 · €30,377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €26,760 | €34,442 | €35,383 | €30,377 | €32,995 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,033 | €96,795 | €73,968 | €65,093 | €66,790 | ▲ 2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €306 | - | - | - | - |
| Other operating charges640/8 | €6,029 | €5,765 | €7,161 | €6,735 | €7,021 | ▲ 4.2% |
| Gross operating margin9900 | €90,268 | €142,325 | €165,888 | €171,849 | €189,711 | ▲ 10.4% |
| Operating profit (loss)9901 | €7,445 | €5,018 | €49,375 | €69,645 | €82,905 | ▲ 19.0% |
| Financial income75/76B | €525 | €57 | €53 | €795 | €583 | ▼ 26.7% |
| Recurring financial income75 | €525 | €57 | €53 | €795 | €583 | ▼ 26.7% |
| Financial charges65/66B | €2,288 | €5,211 | €6,125 | €6,617 | €13,960 | ▲ 111% |
| Recurring financial charges65 | €2,288 | €5,211 | €6,125 | €6,617 | €13,960 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €5,682 | -€136 | €43,304 | €63,823 | €69,527 | ▲ 8.9% |
| Income taxes67/77 | €691 | €214 | €4,148 | €15,248 | €18,691 | ▲ 22.6% |
| Profit (loss) for the period9904 | €4,991 | -€350 | €39,156 | €48,574 | €50,837 | ▲ 4.7% |
| Profit (loss) for the period to be appropriated9905 | €4,991 | -€350 | €39,156 | €48,574 | €50,837 | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €406,446 | €740,757 | €721,335 | €725,928 | €753,829 | ▲ 3.8% |
| Fixed assets21/28 | €333,038 | €675,973 | €644,028 | €625,598 | €580,079 | ▼ 7.3% |
| Intangible fixed assets21 | €540 | €180 | - | - | - | - |
| Tangible fixed assets22/27 | €331,773 | €675,068 | €643,303 | €624,873 | €579,354 | ▼ 7.3% |
| Land and buildings22 | €216,551 | €499,531 | €493,950 | €506,032 | €497,767 | ▼ 1.6% |
| Plant, machinery and equipment23 | €99,713 | €163,246 | €126,632 | €95,944 | €63,545 | ▼ 33.8% |
| Furniture and vehicles24 | €3,162 | €865 | €12,216 | €9,134 | €6,168 | ▼ 32.5% |
| Other tangible fixed assets26 | €12,348 | €11,427 | €10,505 | €13,763 | €11,873 | ▼ 13.7% |
| Financial fixed assets28 | €725 | €725 | €725 | €725 | €725 | = |
| Current assets29/58 | €73,408 | €64,783 | €77,307 | €100,330 | €173,751 | ▲ 73.2% |
| Stocks and contracts in progress3 | €12,496 | €11,171 | €17,308 | €5,212 | €5,259 | ▲ 0.9% |
| Stocks30/36 | €12,496 | €11,171 | €17,308 | €5,212 | €5,259 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €5,713 | €8,638 | €11,027 | €4,204 | €5,618 | ▲ 33.6% |
| Trade receivables40 | €5,277 | €2,295 | €9,685 | €4,204 | €5,587 | ▲ 32.9% |
| Other amounts receivable41 | €436 | €6,343 | €1,343 | - | €31 | - |
| Current investments50/53 | - | - | - | - | €70,785 | - |
| Cash at bank and in hand54/58 | €53,940 | €43,665 | €48,493 | €88,997 | €90,194 | ▲ 1.3% |
| Deferred charges and accrued income490/1 | €1,259 | €1,309 | €479 | €1,917 | €1,895 | ▼ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €406,446 | €740,757 | €721,335 | €725,928 | €753,829 | ▲ 3.8% |
| Equity10/15 | €111,514 | €111,164 | €150,320 | €198,894 | €249,731 | ▲ 25.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €92,914 | €92,564 | €131,720 | €180,294 | €231,131 | ▲ 28.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €91,054 | €90,704 | €131,720 | €180,294 | €231,131 | ▲ 28.2% |
| Amounts payable17/49 | €294,932 | €629,593 | €571,015 | €527,034 | €504,099 | ▼ 4.4% |
| Amounts payable after more than one year17 | €251,229 | €567,362 | €508,772 | €471,066 | €442,442 | ▼ 6.1% |
| Financial debts170/4 | €45,729 | €234,362 | €189,772 | €152,066 | €124,442 | ▼ 18.2% |
| Other amounts payable178/9 | €205,500 | €333,000 | €319,000 | €319,000 | €318,000 | ▼ 0.3% |
| Amounts payable within one year42/48 | €43,704 | €56,621 | €61,534 | €54,711 | €59,598 | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | €29,604 | €43,945 | €44,590 | €37,705 | €27,625 | ▼ 26.7% |
| Trade debts44 | €7,398 | €6,381 | €3,598 | €6,568 | €3,096 | ▼ 52.9% |
| Suppliers440/4 | €7,398 | €6,381 | €3,598 | €6,568 | €3,096 | ▼ 52.9% |
| Taxes, remuneration and social security45 | €4,084 | €4,488 | €9,709 | €10,380 | €19,792 | ▲ 90.7% |
| Taxes450/3 | €2,865 | €764 | €5,571 | €7,105 | €17,555 | ▲ 147% |
| Remuneration and social security454/9 | €1,219 | €3,723 | €4,138 | €3,275 | €2,237 | ▼ 31.7% |
| Other amounts payable47/48 | €2,617 | €1,807 | €3,637 | €58 | €9,086 | ▲ 15,578% |
| Accrued charges and deferred income492/3 | - | €5,610 | €709 | €1,257 | €2,059 | ▲ 63.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,991 | -€350 | €39,156 | €48,574 | €50,837 | ▲ 4.7% |
| + Depreciation and write-downs630 | €50,033 | €96,795 | €73,968 | €65,093 | €66,790 | ▲ 2.6% |
| Operating cash flow (approximation) | €55,024 | €96,445 | €113,124 | €113,667 | €117,627 | ▲ 3.5% |
| Investment in fixed assets (approximation) | - | -€439,730 | -€42,023 | -€46,662 | -€21,272 | ▲ 54.4% |
| Change in cash | - | -€10,275 | €4,828 | €40,504 | €1,197 | ▼ 97.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €50,837 ▲4.7%
Operating result €82,905, net result €50,837, both a record.
31-12
Financial
Equity above €200,000Eq €249,731 ▲25.6%
3 profitable years in a row build equity to €249,731.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €39,156
Net result €39,156 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €150,320 ▲35.2%
Equity rises from €111,164 to €150,320.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,991
Net result €4,991 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€12,740
Net result drops to -€12,740, the lowest in the series; recovery starts the following year.
Show earlier events
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 1.14
Current ratio from 0.32 to 1.14; short-term debt falls from €114,332 to €46,030.
31-12
Financial
Equity above €100,000Eq €119,263 ▲49.5%
2 profitable years in a row build equity to €119,263.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Roeselare · 4 establishment units since 2002
Ground area
1,059 m²
Building footprint
544 m²
Volume, LiDAR
4,968 m³
4 parcels, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
POWERSUN
since 20022.101.751.062
Powersun
since 20182.278.467.345
Powersun
since 20182.278.467.444
POWERSUN
since 20222.328.969.505
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0140/02H000 | Flanders | 375 m² | 1 · 215 m² | 13.7 m · 3 fl. |
| 36494D1351/00B000 | Flanders | 296 m² | 1 · 85 m² | 11.4 m · 2 fl. |
| 36492A0107/00E000 | Flanders | 259 m² | 1 · 114 m² | 13.8 m · 3 fl. |
| 36008A0120/00E000 | Flanders | 128 m² | 1 · 131 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteIzegem2.328.969.505
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Of 6,709 companies in sector 96230 we hold annual accounts for 628. 360 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
96230Day spas, saunas and steam baths
43990Other specialised construction activities
47750Retail sale of cosmetics and toilet articles
73110Advertising agencies
74120Graphic design and visual communication
93130Fitness centres
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477022244
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.