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SUBLIMMO

Active
Public limited companyfounded 199333 yrs activeParc Ind. des Hauts Sarts, 4e av 46, 4040 Herstal, BelgiumKBO/BCE: BE 0450.768.106
Summary

SUBLIMMO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169,631 and a net result of -€18,591. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability13▼-87
Solvency100▲+1
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 10.23 against 3.87 in 2024; short-term debt: 9.8% and cash: 4.7% of total assets), and 9.8% 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings
Deviation from the deadline
2025
28 d late
2024
13 d early
2023
29 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 23 days after 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)
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. Usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SUBLIMMO was incorporated on 16 August 1993.1 Total assets fell from EUR 527,064 in 2018 to EUR 188,006 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€169,631▼ 9.9%
2024 · €188,222
Total assets
€188,006▼ 25.9%
2024 · €253,882
Net result
-€18,591
2024 · €70,342
Working capital
€169,631▼ 9.9%
2024 · €188,222
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
Line20212022202320242025
Operating result-€356-€14,374▼ 3,940%-€17,694▼ 23.1%€103,521-€13,762
Net result€14,017-€20,679-€27,270▼ 31.9%€70,342-€18,591
Equity€165,829▲ 9.2%€145,150▼ 12.5%€117,880▼ 18.8%€188,222▲ 59.7%€169,631▼ 9.9%
Total assets€412,719▼ 1.5%€489,991▲ 18.7%€549,427▲ 12.1%€253,882▼ 53.8%€188,006▼ 25.9%
Debt€246,890▼ 7.7%€344,842▲ 39.7%€431,547▲ 25.1%€65,660▼ 84.8%€18,374▼ 72.0%
Working capital€165,829▲ 9.2%€145,150▼ 12.5%€117,880▼ 18.8%€188,222▲ 59.7%€169,631▼ 9.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: -€356-€356Net result 2021: €14,017€14,017Operating result 2022: -€14,374-€14,374Net result 2022: -€20,679-€20,679Operating result 2023: -€17,694-€17,694Net result 2023: -€27,270-€27,270Operating result 2024: €103,521€103,521Net result 2024: €70,342€70,342Operating result 2025: -€13,762-€13,762Net result 2025: -€18,591-€18,59120212022202320242025-€50,000€0€50,000€100,000Operating result 2023: -€17,694-€17,700Net result 2023: -€27,270-€27,300Operating result 2024: €103,521€104,000Net result 2024: €70,342€70,300Operating result 2025: -€13,762-€13,800Net result 2025: -€18,591-€18,600202320242025
The operating result turns negative in 2025: a loss of €13,762 after €103,521 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €188,006
Equity €169,631 ▼ 9.9%
Debt €18,374 ▼ 72.0%
Debt's share of the balance-sheet total falls from 25.9% to 9.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
10.23▲
2024 · 3.87
Debt to equity
0.11▼
2024 · 0.35
ROE
-11.0%▼
2024 · 37.4%
ROA
-9.9%▼
2024 · 27.7%
Debt ≤ 1 year
€18,374▼
2024 · €65,660
Income taxes
€2,042▼
2024 · €13,632
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€253,882€188,006▼
Current assets29/58€253,882€188,006▼
Stocks and contracts in progress3€242,113-
Stocks30/36€242,113-
Amounts receivable within one year40/41€2,053€178,109▲
Trade receivables40€2,053-
Other amounts receivable41-€178,109
Cash at bank and in hand54/58€9,426€8,807▼
Deferred charges and accrued income490/1€290€1,090▲
Equity and liabilities
Total equity and liabilities10/49€253,882€188,006▼
Equity10/15€188,222€169,631▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€63,371€63,371=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€57,171€57,171=
Profit (loss) carried forward14€62,851€44,260▼
Amounts payable17/49€65,660€18,374▼
Amounts payable within one year42/48€65,660€18,374▼
Financial debts43€10,300-
Credit institutions430/8€10,300-
Trade debts44€13,180€2,701▼
Suppliers440/4€13,180€2,701▼
Taxes, remuneration and social security45€13,632€15,674▲
Taxes450/3€13,632€15,674▲
Other amounts payable47/48€28,547-
Income statement Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€419-
Other operating charges640/8€3,400€2,504▼
Gross operating margin9900€107,339-€11,259▼
Operating profit (loss)9901€103,521-€13,762▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€19,546€2,787▼
Recurring financial charges65€19,546€2,787▼
Profit (loss) for the period before taxes9903€83,974-€16,550▼
Income taxes67/77€13,632€2,042▼
Profit (loss) for the period9904€70,342-€18,591▼
Profit (loss) for the period to be appropriated9905€70,342-€18,591▼
Appropriation of the result
Profit (loss) to be appropriated9906€120,022€44,260▼
Profit (loss) brought forward from the previous period14P€49,680€62,851▲
Transfer to equity691/2€57,171-
To other reserves6921€57,171-
Line20212022202320242025Change
Non-recurring operating income76A-€42----
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€255-€419--
Other operating charges640/8€2,836€2,925€3,192€3,400€2,504▼ 26.4%
Non-recurring operating charges66A--€500---
Gross operating margin9900€2,480-€11,194-€14,002€107,339-€11,259▼ 110%
Operating profit (loss)9901-€356-€14,374-€17,694€103,521-€13,762▼ 113%
Financial income75/76B€22,036---€0-
Recurring financial income75€22,036---€0-
Financial charges65/66B€7,663€6,305€9,575€19,546€2,787▼ 85.7%
Recurring financial charges65€7,663€6,305€9,575€19,546€2,787▼ 85.7%
Profit (loss) for the period before taxes9903€14,017-€20,679-€27,270€83,974-€16,550▼ 120%
Income taxes67/77---€13,632€2,042▼ 85.0%
Profit (loss) for the period9904€14,017-€20,679-€27,270€70,342-€18,591▼ 126%
Profit (loss) for the period to be appropriated9905€14,017-€20,679-€27,270€70,342-€18,591▼ 126%
Line20212022202320242025Change
Assets
Total assets20/58€412,719€489,991€549,427€253,882€188,006▼ 25.9%
Current assets29/58€412,719€489,991€549,427€253,882€188,006▼ 25.9%
Stocks and contracts in progress3€354,755€460,001€548,015€242,113--
Stocks30/36€354,755€460,001€548,015€242,113--
Amounts receivable within one year40/41€29,617€2,216€1,161€2,053€178,109▲ 8,576%
Trade receivables40€1,648€814€1,161€2,053--
Other amounts receivable41€27,968€1,402--€178,109-
Cash at bank and in hand54/58€25,859€27,638-€9,426€8,807▼ 6.6%
Deferred charges and accrued income490/1€2,487€136€251€290€1,090▲ 275%
Equity and liabilities
Total equity and liabilities10/49€412,719€489,991€549,427€253,882€188,006▼ 25.9%
Equity10/15€165,829€145,150€117,880€188,222€169,631▼ 9.9%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€6,200€6,200€6,200€63,371€63,371=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Distributable reserves133---€57,171€57,171=
Profit (loss) carried forward14€97,629€76,950€49,680€62,851€44,260▼ 29.6%
Amounts payable17/49€246,890€344,842€431,547€65,660€18,374▼ 72.0%
Amounts payable within one year42/48€246,890€344,842€431,547€65,660€18,374▼ 72.0%
Financial debts43€240,000€344,767€426,876€10,300--
Credit institutions430/8€240,000€344,767€426,876€10,300--
Trade debts44€1,750€75€2,975€13,180€2,701▼ 79.5%
Suppliers440/4€1,750€75€2,975€13,180€2,701▼ 79.5%
Taxes, remuneration and social security45€5,140--€13,632€15,674▲ 15.0%
Taxes450/3€5,140--€13,632€15,674▲ 15.0%
Other amounts payable47/48--€1,695€28,547--
Line20212022202320242025Change
Profit (loss) for the period9904€14,017-€20,679-€27,270€70,342-€18,591▼ 126%
Operating cash flow (approximation)€14,017-€20,679-€27,270€70,342-€18,591▼ 126%
Change in cash-€1,778---€619-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial Liquidity triplescurrent ratio 10.23
Current ratio from 3.87 to 10.23; short-term debt falls from €65,660 to €18,374.
18-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €70,342
Net result €70,342 after 2 loss-making years.
31-12
Financial Liquidity triplescurrent ratio 3.87
Current ratio from 1.27 to 3.87; short-term debt falls from €431,547 to €65,660.
31-12
Financial Equity above €150,000Eq €188,222 ▲59.7%
Equity rises from €117,880 to €188,222.
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial Weakest financial yearnet -€27,270
Net result drops to -€27,270, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial Back to profitnet €14,017
Net result €14,017 after 3 loss-making years.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Show earlier events
2020
28-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
01-10
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 62 days late
2017
30-07
NBB filing Annual accounts filed
fiscal year 2016 · full 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Herstal · 1 establishment unit since 1994
establishment The establishment unit on the map
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.

Parc Ind. des Hauts Sarts, 4e av 464040 Herstal
Ground area
173 m²
Building footprint
102 m²
Volume, LiDAR
1,010 m³
Parcel 62315G0568/00V018, Wallonia · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SUBLIMMO
Rue Louis Demeuse 27, 4040 HerstalNACE 70201
since 19942.067.206.293
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62315G0568/00V018 Wallonia 173 m² 1 · 102 m² 12.5 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.

Identification & contact

Identification
Legal formPublic limited company
Founded16-08-1993
Fiscal year end31-12
Contact
E-mail jean.pallard@hotmail.comHerstal
Phone 0477/314409Herstal
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.