SUAL
ActiveSummary
SUAL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €502,548 and a net result of €38,778. Equity is growing by ~5.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
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Signals
This company filed its last 7 accounts on average 26 days before 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)
History
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Financials · fiscal year 2025, abbreviated schema
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.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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%.
| 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 14,732 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,906 | €38,030 | €39,299 | €30,594 | €30,976 | ▲ 1.2% |
| Other operating charges640/8 | €6,261 | €6,401 | €10,713 | €11,705 | €11,856 | ▲ 1.3% |
| Gross operating margin9900 | €38,617 | €62,511 | €84,570 | €90,486 | €91,043 | ▲ 0.6% |
| Operating profit (loss)9901 | €9,449 | €18,081 | €34,558 | €48,186 | €48,211 | ▲ 0.1% |
| Financial income75/76B | €1 | €10 | €0 | - | - | - |
| Recurring financial income75 | €1 | €10 | €0 | - | - | - |
| Financial charges65/66B | €1,449 | €1,077 | €686 | €280 | €525 | ▲ 87.2% |
| Recurring financial charges65 | €1,449 | €1,077 | €686 | €280 | €525 | ▲ 87.2% |
| Profit (loss) for the period before taxes9903 | €8,001 | €17,014 | €33,872 | €47,906 | €47,686 | ▼ 0.5% |
| Income taxes67/77 | €224 | €149 | €164 | €174 | €8,908 | ▲ 5,008% |
| Profit (loss) for the period9904 | €7,778 | €16,864 | €33,707 | €47,731 | €38,778 | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €7,778 | €16,864 | €33,707 | €47,731 | €38,778 | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €989,142 | €971,526 | €963,013 | €976,099 | €1.0m | ▲ 4.8% |
| Fixed assets21/28 | €982,778 | €958,640 | €937,921 | €918,135 | €891,079 | ▼ 2.9% |
| Tangible fixed assets22/27 | €982,778 | €958,640 | €937,921 | €918,135 | €891,079 | ▼ 2.9% |
| Land and buildings22 | €965,433 | €949,967 | €937,070 | €917,668 | €890,996 | ▼ 2.9% |
| Furniture and vehicles24 | €17,345 | €8,673 | €850 | €467 | €84 | ▼ 82.0% |
| Current assets29/58 | €6,363 | €12,887 | €25,093 | €57,965 | €131,976 | ▲ 128% |
| Amounts receivable within one year40/41 | - | - | - | €855 | €125,539 | ▲ 14,583% |
| Trade receivables40 | - | - | - | €855 | €124,621 | ▲ 14,476% |
| Other amounts receivable41 | - | - | - | - | €917 | - |
| Cash at bank and in hand54/58 | €6,363 | €10,762 | €23,096 | €55,048 | €6,145 | ▼ 88.8% |
| Deferred charges and accrued income490/1 | - | €2,124 | €1,996 | €2,062 | €292 | ▼ 85.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €989,142 | €971,526 | €963,013 | €976,099 | €1.0m | ▲ 4.8% |
| Equity10/15 | €365,467 | €382,331 | €416,039 | €463,770 | €502,548 | ▲ 8.4% |
| Contributions10/11 | €470,000 | €470,000 | €470,000 | €470,000 | €470,000 | = |
| Capital10 | €470,000 | €470,000 | €470,000 | €470,000 | €470,000 | = |
| Issued capital100 | €470,000 | €470,000 | €470,000 | €470,000 | €470,000 | = |
| Reserves13 | - | - | - | - | €1,627 | - |
| Non-distributable reserves130/1 | - | - | - | - | €1,627 | - |
| Legal reserve130 | - | - | - | - | €1,627 | - |
| Profit (loss) carried forward14 | -€104,533 | -€87,669 | -€53,961 | -€6,230 | €30,920 | ▲ 596% |
| Amounts payable17/49 | €623,674 | €589,195 | €546,974 | €512,330 | €520,507 | ▲ 1.6% |
| Amounts payable after more than one year17 | €531,967 | €489,994 | €454,000 | €452,400 | €450,750 | ▼ 0.4% |
| Financial debts170/4 | €74,461 | €34,010 | €0 | - | - | - |
| Other amounts payable178/9 | €457,506 | €455,984 | €454,000 | €452,400 | €450,750 | ▼ 0.4% |
| Amounts payable within one year42/48 | €91,707 | €99,201 | €92,974 | €59,929 | €69,757 | ▲ 16.4% |
| Current portion of amounts payable after more than one year42 | €40,061 | €40,451 | €34,010 | €0 | - | - |
| Trade debts44 | €1,200 | €1,300 | €1,500 | €2,455 | €2,457 | ▲ 0.1% |
| Suppliers440/4 | €1,200 | €1,300 | €1,500 | €2,455 | €2,457 | ▲ 0.1% |
| Taxes, remuneration and social security45 | €146 | €149 | €164 | €174 | €0 | ▼ 100% |
| Taxes450/3 | €146 | €149 | €164 | €174 | €0 | ▼ 100% |
| Other amounts payable47/48 | €50,300 | €57,300 | €57,300 | €57,300 | €67,300 | ▲ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,778 | €16,864 | €33,707 | €47,731 | €38,778 | ▼ 18.8% |
| + Depreciation and write-downs630 | €22,906 | €38,030 | €39,299 | €30,594 | €30,976 | ▲ 1.2% |
| Operating cash flow (approximation) | €30,683 | €54,894 | €73,006 | €78,325 | €69,754 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | -€13,891 | -€18,580 | -€10,808 | -€3,920 | ▲ 63.7% |
| Change in cash | - | €4,399 | €12,334 | €31,952 | -€48,903 | ▼ 253% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1117/00L003 | Flanders | 642 m² | 1 · 179 m² | 14.4 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
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Register as of 30 September 2026 · Peppol Directory
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