SUBA
ActiveThe computed 12-month bankruptcy probability of SUBA is 2.0% (moderate). The 2024 annual accounts show equity of €270k and a net result of €58k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 36377 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
94
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency90▲+3
Growth52=
Stability100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 2.24 in 2023), but 54.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
51 d early
2022
49 d early
2021
48 d early
2020
46 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€270k▲ 27.6%
2023 · €211k
2019: €71k
2020: €123k
2021: €147k
2022: €175k
2023: €211k
2019 → 2024
Total assets
€595k▲ 19.4%
2023 · €498k
2019: €213k
2020: €292k
2021: €464k
2022: €447k
2023: €498k
2019 → 2024
Net result
€58k▲ 36.4%
2023 · €43k
2019: €59k
2020: €52k
2021: €23k
2022: €28k
2023: €43k
2019 → 2024
Working capital
€103k▼ 0.8%
2023 · €103k
2019: €42k
2020: €86k
2021: €38k
2022: €72k
2023: €103k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€123k-€147k▲ 18.7%€175k▲ 19.1%€211k▲ 21.1%€270k▲ 27.6%
Operating result€66k-€34k▼ 48.3%€42k▲ 25.2%€61k▲ 42.7%€84k▲ 39.5%
Net result€52k-€23k▼ 55.7%€28k▲ 21.4%€43k▲ 52.7%€58k▲ 36.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 39% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €595k
Fixed assets
€389k▲ 25.0%
Current assets
€205k▲ 10.1%
Equity and liabilities €595k
Equity
€270k▲ 27.6%
Debt
€325k▲ 13.4%
The debt ratio falls from 57.5% to 54.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€122k▲
2023 · €108k
Cash flow
€96k▲
2023 · €90k
Solvency
45.4%▲
2023 · 42.5%
Current ratio
2.00▼
2023 · 2.24
Quick ratio
2.00▼
2023 · 2.24
Debt / equity
1.20▼
2023 · 1.35
ROE
21.7%▲
2023 · 20.3%
ROA
9.8%▲
2023 · 8.6%
Interest coverage
36.32▲
2023 · 36.14
Debt
€325k▲
2023 · €286k
Debt ≤ 1 year
€103k▲
2023 · €83k
Debt > 1 year
€222k▲
2023 · €203k
Income taxes
€23k▲
2023 · €15k
Staff costs
€29k▲
2023 · €321
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€498k€595k▲
Fixed assets21/28€311k€389k▲
Tangible fixed assets22/27€311k€389k▲
Land and buildings22€250k€265k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€22k€24k▲
Leasing and similar rights25€37k€99k▲
Current assets29/58€186k€205k▲
Amounts receivable within one year40/41€119k€182k▲
Trade receivables40€115k€172k▲
Other amounts receivable41€4k€11k▲
Cash at bank and in hand54/58€64k€16k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€498k€595k▲
Equity10/15€211k€270k▲
Contributions10/11€12k€12k=
Reserves13€57k€115k▲
Distributable reserves133€57k€115k▲
Profit (loss) carried forward14€142k€143k▲
Amounts payable17/49€286k€325k▲
Amounts payable after more than one year17€203k€222k▲
Financial debts170/4€203k€222k▲
Amounts payable within one year42/48€83k€103k▲
Current portion of amounts payable after more than one year42€28k€36k▲
Trade debts44€30k€40k▲
Suppliers440/4€30k€40k▲
Taxes, remuneration and social security45€11k€15k▲
Taxes450/3€9k€13k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€15k€12k▼
Accrued charges and deferred income492/3-€304
Income statement
Code20232024
Remuneration, social security and pensions62€321€29k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€38k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€10k
Other operating charges640/8€5k€5k▲
Gross operating margin9900€113k€166k▲
Operating profit (loss)9901€61k€84k▲
Financial income75/76B€30€198▲
Recurring financial income75€30€198▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€58k€81k▲
Income taxes67/77€15k€23k▲
Profit (loss) for the period9904€43k€58k▲
Profit (loss) for the period to be appropriated9905€43k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€183k€201k▲
Profit (loss) brought forward from the previous period14P€140k€142k▲
Transfer to equity691/2€35k€58k▲
To other reserves6921€35k€58k▲
Profit to be distributed694/7€6k-
Directors or managers695€6k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €211k ▲21.1%
5 profitable years in a row build equity to €211k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €175k ▲19.1%
4 profitable years in a row build equity to €175k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €23k ▼55.7%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €123k ▲73.2%
2 profitable years in a row build equity to €123k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Haaltert · 1 establishment unit since 2018
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.
Hallebaan(HE) 129450 HaaltertGround area
622 m²
Building footprint
166 m²
Volume, LiDAR
1,029 m³
Parcel 41025A0347/00V006, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SUBA
since 20182.280.422.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41025A0347/00V006 | Flanders | 622 m² | 1 · 166 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MC Interieur
BE 0844.033.325
Wevelgem · Eq €270k
OMNI WOOD
BE 0465.790.832
Sint-Truiden · Eq €270k
RMR
BE 0540.688.985
Lommel · Eq €270k
DECO
BE 0473.293.385
Hamont-Achel · Eq €270k
HOME PERSPECTIVE
BE 0628.460.822
Brussel · Eq €269k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 7,007 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2018
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43990Other specialised construction activities
43999Specialised construction activities
16230Manufacture of other builders' carpentry and joinery
62030Computer programming, consultancy and related activities
62200Computer consultancy and computer facilities management
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.