Sub Undam
ActiveSummary
Sub Undam has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €13k. Equity is growing by ~87.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 1530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+26
Solvency37▼-1
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.83 in 2024; short-term debt: 14.5% and cash: 9% of total assets), and 88.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer 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 2025Solvency, return and age of the figures
Solvency
11.7%
Return on assets
7.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1530 sector peers (2025).
NBB · sector comparisonPosition among 1530 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
27 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€20k▲ 155%
2024 · €8k
Total assets
€168k▲ 187%
2024 · €59k
Net result
€13k▲ 723%
2024 · €2k
Working capital
€501
2024 · €-3k
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
Line202320242025
Operating result€10k-€4k▼ 55.1%€21k▲ 390%
Net result€7k-€2k▼ 77.7%€13k▲ 723%
Equity€6k-€8k▲ 25.3%€20k▲ 155%
Total assets€12k-€59k▲ 400%€168k▲ 187%
Debt€6k-€51k▲ 815%€149k▲ 192%
Working capital€5k-€-3k€501
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 390% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168k
Fixed assets
€144k ▲ 215%
Current assets
€25k ▲ 89.7%
Equity and liabilities €168k
Equity
€20k ▲ 155%
Debt
€149k ▲ 192%
Debt's share of the balance-sheet total rises from 86.8% to 88.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▲
2024 · €7k
Cash flow
€30k▲
2024 · €4k
Current ratio
1.02▲
2024 · 0.83
Debt to equity
7.55▲
2024 · 6.60
ROE
65.2%▲
2024 · 20.2%
ROA
7.6%▲
2024 · 2.7%
Interest coverage
8.47▲
2024 · 3.59
Debt ≤ 1 year
€24k▲
2024 · €16k
Debt > 1 year
€124k▲
2024 · €35k
Income taxes
€4k▲
2024 · €849
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €17k | ▲ 549% |
| Other operating charges640/8 | €534 | €766 | €4k | ▲ 408% |
| Gross operating margin9900 | €12k | €8k | €42k | ▲ 446% |
| Operating profit (loss)9901 | €10k | €4k | €21k | ▲ 390% |
| Financial charges65/66B | €210 | €2k | €5k | ▲ 133% |
| Recurring financial charges65 | €210 | €2k | €5k | ▲ 133% |
| Profit (loss) for the period before taxes9903 | €10k | €2k | €17k | ▲ 599% |
| Income taxes67/77 | €3k | €849 | €4k | ▲ 372% |
| Profit (loss) for the period9904 | €7k | €2k | €13k | ▲ 723% |
| Profit (loss) for the period to be appropriated9905 | €7k | €2k | €13k | ▲ 723% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €12k | €59k | €168k | ▲ 187% |
| Formation expenses20 | €237 | €0 | - | - |
| Fixed assets21/28 | €3k | €46k | €144k | ▲ 215% |
| Tangible fixed assets22/27 | €3k | €46k | €144k | ▲ 215% |
| Plant, machinery and equipment23 | €3k | €9k | €10k | ▲ 7.8% |
| Furniture and vehicles24 | - | €36k | €134k | ▲ 268% |
| Current assets29/58 | €8k | €13k | €25k | ▲ 89.7% |
| Amounts receivable within one year40/41 | - | €10k | €6k | ▼ 37.9% |
| Trade receivables40 | - | €10k | €6k | ▼ 37.9% |
| Other amounts receivable41 | - | - | €0 | - |
| Cash at bank and in hand54/58 | €7k | - | €15k | - |
| Deferred charges and accrued income490/1 | €2k | €3k | €3k | ▲ 18.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €12k | €59k | €168k | ▲ 187% |
| Equity10/15 | €6k | €8k | €20k | ▲ 155% |
| Reserves13 | €6k | €8k | €20k | ▲ 155% |
| Distributable reserves133 | €6k | €8k | €20k | ▲ 155% |
| Amounts payable17/49 | €6k | €51k | €149k | ▲ 192% |
| Amounts payable after more than one year17 | - | €35k | €124k | ▲ 255% |
| Financial debts170/4 | - | €35k | €124k | ▲ 255% |
| Amounts payable within one year42/48 | €3k | €16k | €24k | ▲ 53.4% |
| Current portion of amounts payable after more than one year42 | - | - | €9k | - |
| Trade debts44 | €1k | €6k | €5k | ▼ 24.5% |
| Suppliers440/4 | €1k | €6k | €5k | ▼ 24.5% |
| Taxes, remuneration and social security45 | €2k | €3k | €4k | ▲ 33.0% |
| Taxes450/3 | €2k | €3k | €4k | ▲ 33.0% |
| Other amounts payable47/48 | - | €7k | €7k | ▲ 0.2% |
| Accrued charges and deferred income492/3 | €2k | €100 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €2k | €13k | ▲ 723% |
| + Depreciation and write-downs630 | €2k | €3k | €17k | ▲ 549% |
| Operating cash flow (approximation) | €9k | €4k | €30k | ▲ 613% |
| Investment in fixed assets (approximation) | - | €-45k | €-115k | ▼ 156% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2023net €13k ▲723%
Operating result €21k, net result €13k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €2k ▼77.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2023
Ground area
171 m²
Building footprint
235 m²
Volume, LiDAR
2,116 m³
Parcel 11807G0193/00R009, Flanders · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bless Tess
since 20232.343.286.309
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0193/00R009 | Flanders | 171 m² | 1 · 235 m² | 14.0 m · 3 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.
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Of 2,583 companies in sector 59113 we hold annual accounts for 703. 495 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
Founded22-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
59113Video and film production, excluding cinema and television films
16230Manufacture of other builders' carpentry and joinery
43320Joinery installation
59114Motion picture, video and television programme production, sound recording and music publishing activities
74140Other specialised design activities
90392Design and construction of stages and sets
Contact
Website
www.subundamdiving.com
E-mail
info@subundamdiving.com
Scores and ratios are computed by Checked and are not a credit decision.