SG SUN
Open bankruptcyA bankruptcy procedure is open for SG SUN according to publications in the Belgian State Gazette; curator: KARL VANSTIPELEN. The 2022 annual accounts show negative equity (€-53k) and a net result of €2k.
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 31-12-2022 was due by 31-07-2023 and was filed on 04-08-2023, 4 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
4 d late
2021
29 d late
2020
8 d early
2019
48 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k
2021 · €-4k
2018: €1k
2019: €-29k
2020: €-26k
2021: €-4k
2018 → 2022
Working capital
€-59k▲ 7.7%
2021 · €-64k
2018: €-17k
2019: €-42k
2020: €-64k
2021: €-64k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€2k-€-26k€-52k▼ 98.1%€-55k▼ 6.8%€-53k▲ 4.2%
Operating result€2k-€-33k€-25k▲ 26.6%€-3k▲ 89.4%€3k
Net result€1k-€-29k€-26k▲ 9.8%€-4k▲ 86.3%€2k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €3k after a loss of €3k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €18k
Fixed assets
€6k▼ 30.7%
Current assets
€12k▲ 220%
Key figures and ratios
EBITDA
€6k▲
2021 · €902
Cash flow
€5k▲
2021 · €-14
Solvency
-298.4%▲
2021 · -451.7%
Current ratio
0.17▲
2021 · 0.05
Quick ratio
0.17▲
2021 · 0.05
Debt / equity
-1.34▼
2021 · -1.22
ROA
13.1%▲
2021 · -28.6%
Interest coverage
6.75▲
2021 · 0.99
Debt
€71k▲
2021 · €68k
Debt ≤ 1 year
€71k▲
2021 · €68k
Staff costs
€24k▲
2021 · €1k
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 · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€12k€18k▲
Fixed assets21/28€9k€6k▼
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€0-
Financial fixed assets28€100€100=
Current assets29/58€4k€12k▲
Amounts receivable within one year40/41€3k€11k▲
Trade receivables40€3k€11k▲
Cash at bank and in hand54/58€1k€710▼
Deferred charges and accrued income490/1-€83
Equity and liabilities
Total equity and liabilities10/49€12k€18k▲
Equity10/15€-55k€-53k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€233€233=
Non-distributable reserves130/1€233€233=
Legal reserve130€233-
Reserves not available under the articles1311-€233
Profit (loss) carried forward14€-74k€-72k▲
Amounts payable17/49€68k€71k▲
Amounts payable within one year42/48€68k€71k▲
Financial debts43€5k€5k▼
Credit institutions430/8€5k€5k▼
Trade debts44€13k€8k▼
Suppliers440/4€13k€8k▼
Taxes, remuneration and social security45€2k€14k▲
Taxes450/3€2k€7k▲
Remuneration and social security454/9-€7k
Other amounts payable47/48€47k€44k▼
Income statement
Code20212022
Remuneration, social security and pensions62€1k€24k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€1k€722▼
Gross operating margin9900€4k€31k▲
Operating profit (loss)9901€-3k€3k▲
Financial income75/76B-€8
Recurring financial income75-€8
Financial charges65/66B€915€861▼
Recurring financial charges65€915€861▼
Profit (loss) for the period before taxes9903€-4k€2k▲
Profit (loss) for the period9904€-4k€2k▲
Profit (loss) for the period to be appropriated9905€-4k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-74k€-72k▲
Profit (loss) brought forward from the previous period14P€-71k€-74k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SG SUN BV KUNSTLAAN 19/2, 1210 SINT-JOOST-TEN-NODE · event 08-12-2025
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €-29k ▼2028%
Net result drops to €-29k, the lowest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 55 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
2015
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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
1 establishment unit since 2014
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.
Ground area
501 m²
Building footprint
308 m²
Volume, LiDAR
2,181 m³
2 parcels, Brussels, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BEAUTY HOUSE
since 20142.230.456.897
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0069/02A005 | Brussels | 310 m² | 1 · 243 m² | 10.9 m · 2 fl. |
| 84043A0863/00R000 | Wallonia | 192 m² | 1 · 65 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | KARL VANSTIPELEN A. DE COCKPLEIN 9,
1831 DIEGEM |
08-12-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-05-2014
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.