SUBECO
ActiveSUBECO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.39M and a net result of €779k. Equity is growing by ~93% per year across the filed fiscal years. Its solvency ranks better than 63% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency99=
Growth78=
Stability94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 2.49 in 2023), and 36.2% of the assets are financed with debt.
Credit advice for your own amount and term
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 20
Relative position
BE, all sectors
reference
Sector 20
lower
← 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
63.8%
Return on assets
35.7%
Age of the figures
20 mo
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 10-07-2025, 21 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
19 d early
2022
32 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.39M▲ 127%
2023 · €615k
2022: €250k
2023: €615k
2022 → 2024
Total assets
€2.18M▲ 118%
2023 · €999k
2022: €773k
2023: €999k
2022 → 2024
Net result
€779k▲ 114%
2023 · €364k
2022: €225k
2023: €364k
2022 → 2024
Working capital
€1.34M▲ 133%
2023 · €574k
2022: €199k
2023: €574k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€250k-€615k▲ 145%€1.39M▲ 127%
Operating result€290k-€471k▲ 62.3%€1.03M▲ 119%
Net result€225k-€364k▲ 61.6%€779k▲ 114%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 119% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.18M
Fixed assets
€53k▲ 31.8%
Current assets
€2.13M▲ 122%
Equity and liabilities €2.18M
Equity
€1.39M▲ 127%
Debt
€789k▲ 105%
The debt ratio falls from 38.5% to 36.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.04M▲
2023 · €482k
Cash flow
€793k▲
2023 · €375k
Solvency
63.8%▲
2023 · 61.5%
Current ratio
2.70▲
2023 · 2.49
Quick ratio
2.48▲
2023 · 2.16
Debt / equity
0.57▼
2023 · 0.63
ROE
55.9%▼
2023 · 59.3%
ROA
35.7%▼
2023 · 36.5%
Interest coverage
396.32▲
2023 · 382.42
Debt
€789k▲
2023 · €384k
Debt ≤ 1 year
€789k▲
2023 · €384k
Income taxes
€255k▲
2023 · €118k
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€999k€2.18M▲
Fixed assets21/28€41k€53k▲
Tangible fixed assets22/27€40k€53k▲
Plant, machinery and equipment23€7k€8k▲
Furniture and vehicles24€7k€15k▲
Other tangible fixed assets26€27k€30k▲
Financial fixed assets28€100€100=
Current assets29/58€958k€2.13M▲
Stocks and contracts in progress3€130k€168k▲
Stocks30/36€130k€168k▲
Amounts receivable within one year40/41€225k€386k▲
Trade receivables40€191k€301k▲
Other amounts receivable41€34k€85k▲
Cash at bank and in hand54/58€597k€1.57M▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€999k€2.18M▲
Equity10/15€615k€1.39M▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€590k€1.37M▲
Amounts payable17/49€384k€789k▲
Amounts payable within one year42/48€384k€789k▲
Trade debts44€200k€464k▲
Suppliers440/4€200k€464k▲
Taxes, remuneration and social security45€125k€266k▲
Taxes450/3€125k€266k▲
Other amounts payable47/48€60k€60k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€14k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€484k€1.05M▲
Operating profit (loss)9901€471k€1.03M▲
Financial income75/76B€12k€6k▼
Recurring financial income75€12k€6k▼
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€482k€1.03M▲
Income taxes67/77€118k€255k▲
Profit (loss) for the period9904€364k€779k▲
Profit (loss) for the period to be appropriated9905€364k€779k▲
Appropriation of the result
Profit (loss) to be appropriated9906€590k€1.37M▲
Profit (loss) brought forward from the previous period14P€225k€590k▲
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2022net €779k ▲114%
Operating result €1.03M, net result €779k, both a record.
31-12
Financial
Equity above €1MEq €1.39M ▲127%
3 profitable years in a row build equity to €1.39M.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €615k ▲145%
2 profitable years in a row build equity to €615k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wommelgem · 1 establishment unit since 2021
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.
Uilenbaan 1202160 WommelgemGround area
1.2 ha
Building footprint
4,726 m²
Volume, LiDAR
32,028 m³
Parcel 11052C0206/00M000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SUBECO
since 20212.316.257.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0206/00M000 | Flanders | 1.2 ha | 1 · 4,726 m² | 8.5 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
Ascensus Specialties
BE 0700.966.342
Brussel · Eq €1.42M
ADDIMAN
BE 0885.779.452
Roeselare · Eq €1.29M
LS Old co
BE 0413.465.171
Antwerpen · Eq €1.59M
SLUYS INTERNATIONAL
BE 0423.281.175
Duffel · Eq €1.62M
Emulco
BE 0503.841.556
Gent · Eq €1.62M
Of 229 companies in sector 20590 we hold annual accounts for 168. 100 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2021
Fiscal year end31-12
Activities, NACEBEL
20590Manufacture of chemicals and chemical products
71209Other technical testing and analysis
46180Agents specialised in the wholesale of other particular products
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.