SUALEX
ActiveSummary
SUALEX has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18.95M and a net result of €798k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 9624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability24▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.25M at 30 days acceptable
Liquidity ample (current ratio 17.18 against 22.9 in 2023; short-term debt: 4.3% and cash: 4% of total assets), and 4.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.6%
Return on assets
4%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
29 d late
2023
29 d late
2022
24 d late
2021
33 d late
2020
30 d late
2019
15 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€18.95M▲ 4.4%
2023 · €18.15M
2018: €10.46Mlowest in 7 years
2019: €11.28M▲ +7.9% vs 2018
2020: €11.51M▲ +2.0% vs 2019
2021: €16.71M▲ +45.1% vs 2020
2022: €17.10M▲ +2.3% vs 2021
2023: €18.15M▲ +6.1% vs 2022
2024: €18.95M▲ +4.4% vs 2023highest in 7 years
2018 → 2024
Total assets
€19.81M▲ 2.8%
2023 · €19.27M
2018: €13.90Mlowest in 7 years
2019: €14.77M▲ +6.2% vs 2018
2020: €14.99M▲ +1.5% vs 2019
2021: €21.20M▲ +41.4% vs 2020highest in 7 years
2022: €19.90M▼ -6.2% vs 2021
2023: €19.27M▼ -3.1% vs 2022
2024: €19.81M▲ +2.8% vs 2023
2018 → 2024
Net result
€798k▼ 24.0%
2023 · €1.05M
2018: €785k
2019: €830k▲ +5.7% vs 2018
2020: €227k▼ -72.6% vs 2019lowest in 7 years
2021: €5.20M▲ +2186% vs 2020highest in 7 years
2022: €391k▼ -92.5% vs 2021
2023: €1.05M▲ +168% vs 2022
2024: €798k▼ -24.0% vs 2023
2018 → 2024
Working capital
€13.92M▲ 2.6%
2023 · €13.57M
2018: €8.98Mlowest in 7 years
2019: €9.82M▲ +9.3% vs 2018
2020: €10.12M▲ +3.1% vs 2019
2021: €16.66M▲ +64.6% vs 2020highest in 7 years
2022: €13.19M▼ -20.8% vs 2021
2023: €13.57M▲ +2.9% vs 2022
2024: €13.92M▲ +2.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11.51M-€16.71M▲ 45.1%€17.10M▲ 2.3%€18.15M▲ 6.1%€18.95M▲ 4.4%
2020: €11.51Mlowest in 5 years
2021: €16.71M▲ +45.1% vs 2020
2022: €17.10M▲ +2.3% vs 2021
2023: €18.15M▲ +6.1% vs 2022
2024: €18.95M▲ +4.4% vs 2023highest in 5 years
Operating result€-8k-€-80k▼ 918%€-161k▼ 101%€-177k▼ 10.0%€-189k▼ 7.0%
2020: €-8khighest in 5 years
2021: €-80k▼ -918% vs 2020
2022: €-161k▼ -101% vs 2021
2023: €-177k▼ -10.0% vs 2022
2024: €-189k▼ -7.0% vs 2023lowest in 5 years
Net result€227k-€5.20M▲ 2,186%€391k▼ 92.5%€1.05M▲ 168%€798k▼ 24.0%
2020: €227klowest in 5 years
2021: €5.20M▲ +2186% vs 2020highest in 5 years
2022: €391k▼ -92.5% vs 2021
2023: €1.05M▲ +168% vs 2022
2024: €798k▼ -24.0% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €189k in 2024 against €177k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19.81M
Fixed assets
€5.03M ▼ 1.1%
Current assets
€14.79M ▲ 4.2%
Equity and liabilities €19.81M
Equity
€18.95M ▲ 4.4%
Debt
€862k ▼ 23.2%
Debt's share of the balance-sheet total falls from 5.8% to 4.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-91k▼
2023 · €-88k
Cash flow
€897k▼
2023 · €1.14M
Current ratio
17.18▼
2023 · 22.90
Debt to equity
0.05▼
2023 · 0.06
ROE
4.2%▼
2023 · 5.8%
ROA
4.0%▼
2023 · 5.4%
Interest coverage
-0.17▲
2023 · -0.32
Debt ≤ 1 year
€861k▲
2023 · €620k
Debt > 1 year
€0▼
2023 · €501k
Income taxes
€359k▼
2023 · €433k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€19.27M€19.81M▲
Fixed assets21/28€5.08M€5.03M▼
Tangible fixed assets22/27€3.53M€3.47M▼
Land and buildings22€3.52M€3.45M▼
Plant, machinery and equipment23€5k€11k▲
Furniture and vehicles24€4k€15k▲
Financial fixed assets28€1.55M€1.55M=
Current assets29/58€14.19M€14.79M▲
Amounts receivable after more than one year29€1.31M€810k▼
Other amounts receivable291€1.31M€810k▼
Amounts receivable within one year40/41€911k€1.79M▲
Trade receivables40-€6k
Other amounts receivable41€911k€1.79M▲
Current investments50/53€10.82M€11.37M▲
Cash at bank and in hand54/58€1.13M€800k▼
Deferred charges and accrued income490/1€24k€11k▼
Equity and liabilities
Total equity and liabilities10/49€19.27M€19.81M▲
Equity10/15€18.15M€18.95M▲
Contributions10/11€170k€170k=
Reserves13€17.98M€18.78M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€17.98M€18.78M▲
Amounts payable17/49€1.12M€862k▼
Amounts payable after more than one year17€501k€0▼
Financial debts170/4€501k€0▼
Amounts payable within one year42/48€620k€861k▲
Current portion of amounts payable after more than one year42€500k€834k▲
Trade debts44€899€5k▲
Suppliers440/4€899€5k▲
Taxes, remuneration and social security45€119k€21k▼
Taxes450/3€119k€21k▼
Other amounts payable47/48€15€15=
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€98k▲
Other operating charges640/8€38k€7k▼
Gross operating margin9900€-51k€-84k▼
Operating profit (loss)9901€-177k€-189k▼
Financial income75/76B€1.94M€1.87M▼
Recurring financial income75€1.94M€1.87M▼
Financial charges65/66B€276k€525k▲
Recurring financial charges65€276k€525k▲
Profit (loss) for the period before taxes9903€1.48M€1.16M▼
Income taxes67/77€433k€359k▼
Profit (loss) for the period9904€1.05M€798k▼
Profit (loss) for the period to be appropriated9905€1.05M€798k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.05M€798k▼
Transfer to equity691/2€1.05M€798k▼
To other reserves6921€1.05M€798k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €668 | €89k | €88k | €98k | ▲ 11.0% |
| Other operating charges640/8 | - | €30k | €11k | €38k | €7k | ▼ 80.4% |
| Non-recurring operating charges66A | - | €388 | €0 | - | - | - |
| Gross operating margin9900 | €11k | €-49k | €-61k | €-51k | €-84k | ▼ 64.5% |
| Operating profit (loss)9901 | €-8k | €-80k | €-161k | €-177k | €-189k | ▼ 7.0% |
| Financial income75/76B | - | €5.29M | €1.07M | €1.94M | €1.87M | ▼ 3.3% |
| Recurring financial income75 | €1.07M | €884k | €1.07M | €1.94M | €1.87M | ▼ 3.3% |
| Non-recurring financial income76B | - | €4.41M | €0 | - | - | - |
| Financial charges65/66B | - | €-580k | €299k | €276k | €525k | ▲ 90.4% |
| Recurring financial charges65 | €786k | €-580k | €299k | €276k | €525k | ▲ 90.4% |
| Profit (loss) for the period before taxes9903 | €334k | €5.79M | €607k | €1.48M | €1.16M | ▼ 21.9% |
| Income taxes67/77 | €107k | €595k | €216k | €433k | €359k | ▼ 17.1% |
| Profit (loss) for the period9904 | €227k | €5.20M | €391k | €1.05M | €798k | ▼ 24.0% |
| Profit (loss) for the period to be appropriated9905 | €227k | €5.20M | €391k | €1.05M | €798k | ▼ 24.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.99M | €21.20M | €19.90M | €19.27M | €19.81M | ▲ 2.8% |
| Fixed assets21/28 | €2.53M | €1.55M | €4.92M | €5.08M | €5.03M | ▼ 1.1% |
| Tangible fixed assets22/27 | €13k | €3k | €3.36M | €3.53M | €3.47M | ▼ 1.6% |
| Land and buildings22 | - | - | €3.36M | €3.52M | €3.45M | ▼ 2.1% |
| Plant, machinery and equipment23 | - | €3k | €1k | €5k | €11k | ▲ 123% |
| Furniture and vehicles24 | - | €0 | €6k | €4k | €15k | ▲ 229% |
| Financial fixed assets28 | €2.52M | €1.55M | €1.55M | €1.55M | €1.55M | = |
| Current assets29/58 | €12.47M | €19.65M | €14.98M | €14.19M | €14.79M | ▲ 4.2% |
| Amounts receivable after more than one year29 | - | €1.50M | €1.50M | €1.31M | €810k | ▼ 38.2% |
| Trade receivables290 | - | €1.50M | €0 | - | - | - |
| Other amounts receivable291 | - | - | €1.50M | €1.31M | €810k | ▼ 38.2% |
| Amounts receivable within one year40/41 | €1k | €2.51M | €2.51M | €911k | €1.79M | ▲ 96.9% |
| Trade receivables40 | - | €1k | €0 | - | €6k | - |
| Other amounts receivable41 | - | €2.51M | €2.51M | €911k | €1.79M | ▲ 96.2% |
| Current investments50/53 | €8.32M | €9.23M | €9.59M | €10.82M | €11.37M | ▲ 5.1% |
| Cash at bank and in hand54/58 | €3.13M | €5.69M | €1.37M | €1.13M | €800k | ▼ 29.1% |
| Deferred charges and accrued income490/1 | - | €714k | €17k | €24k | €11k | ▼ 53.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.99M | €21.20M | €19.90M | €19.27M | €19.81M | ▲ 2.8% |
| Equity10/15 | €11.51M | €16.71M | €17.10M | €18.15M | €18.95M | ▲ 4.4% |
| Contributions10/11 | - | €170k | €170k | €170k | €170k | = |
| Reserves13 | €11.34M | €16.54M | €16.93M | €17.98M | €18.78M | ▲ 4.4% |
| Non-distributable reserves130/1 | - | €86k | €86k | €0 | - | - |
| Reserves not available under the articles1311 | - | €86k | €86k | €0 | - | - |
| Distributable reserves133 | - | €16.45M | €16.85M | €17.98M | €18.78M | ▲ 4.4% |
| Amounts payable17/49 | €3.48M | €4.49M | €2.80M | €1.12M | €862k | ▼ 23.2% |
| Amounts payable after more than one year17 | €1.00M | €1.50M | €1.00M | €501k | €0 | ▼ 100% |
| Financial debts170/4 | - | €1.50M | €1.00M | €501k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €2.35M | €2.99M | €1.80M | €620k | €861k | ▲ 38.9% |
| Current portion of amounts payable after more than one year42 | - | - | €500k | €500k | €834k | ▲ 66.9% |
| Trade debts44 | €0 | - | €1k | €899 | €5k | ▲ 481% |
| Suppliers440/4 | - | - | €1k | €899 | €5k | ▲ 481% |
| Taxes, remuneration and social security45 | - | €561k | €77k | €119k | €21k | ▼ 82.2% |
| Taxes450/3 | - | €561k | €77k | €119k | €21k | ▼ 82.2% |
| Other amounts payable47/48 | - | €2.43M | €1.22M | €15 | €15 | = |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €1k | €1k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €227k | €5.20M | €391k | €1.05M | €798k | ▼ 24.0% |
| + Depreciation and write-downs630 | €7k | €668 | €89k | €88k | €98k | ▲ 11.0% |
| Operating cash flow (approximation) | €234k | €5.20M | €480k | €1.14M | €897k | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | €974k | €-3.45M | €-255k | €-42k | ▲ 83.7% |
| Change in cash | - | €2.56M | €-4.33M | €-239k | €-329k | ▼ 37.8% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 22.90
Current ratio from 8.34 to 22.90; short-term debt falls from €1.80M to €620k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 33 days late
2021
31-12
Financial
Highest result since 2018net €5.20M ▲2,186%
Net result €5.20M, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
30-11
Financial
Weakest financial yearnet €227k ▼72.6%
Net result drops to €227k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 15 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Knokke-Heist · 1 establishment unit since 2006
Ground area
2.0 ha
Building footprint
7,654 m²
Volume, LiDAR
88,747 m³
Parcel 31013C0041/00B000, Flanders · tallest building 30.0 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SUALEX
since 20062.165.643.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013C0041/00B000 | Flanders | 2.0 ha | 1 · 7,654 m² | 30.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
54930004WLMGWSUQ2471
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Of 10,667 companies in sector 47811 we hold annual accounts for 5,220. 535 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
Founded23-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.