SUBMENTUM
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 01-01-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-71k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
28 d late
2023
30 d late
2022
31 d late
2021
121 d late
2020
61 d late
2019
31 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
Financials · fiscal year 2025, abbreviated schema
Equity
€-71k▼ 17.8%
2024 · €-60k
2018: €82k
2019: €111k
2020: €162k
2021: €173k
2022: €193k
2023: €98k
2024: €-60k
2018 → 2025
Total assets
€2.16M▼ 34.0%
2024 · €3.27M
2018: €190k
2019: €295k
2020: €1.23M
2021: €1.53M
2022: €1.91M
2023: €2.17M
2024: €3.27M
2018 → 2025
Net result
€-11k▲ 93.2%
2024 · €-158k
2018: €43k
2019: €30k
2020: €50k
2021: €11k
2022: €19k
2023: €-95k
2024: €-158k
2018 → 2025
Working capital
€-1.19M▼ 28.5%
2024 · €-928k
2018: €48k
2019: €59k
2020: €-388k
2021: €-350k
2022: €-571k
2023: €-764k
2024: €-928k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€173k-€193k▲ 11.2%€98k▼ 49.2%€-60k€-71k▼ 17.8%
Operating result€33k-€41k▲ 24.5%€-69k€-133k▼ 92.0%€20k
Net result€11k-€19k▲ 72.4%€-95k€-158k▼ 66.4%€-11k▲ 93.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €133k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.16M
Fixed assets
€1.19M ▲ 12.8%
Current assets
€969k ▼ 56.3%
Key figures and ratios
EBITDA
€101k▲
2024 · €-49k
Cash flow
€71k▲
2024 · €-74k
Solvency
-3.3%▼
2024 · -1.8%
Current ratio
0.45▼
2024 · 0.70
Quick ratio
0.43▲
2024 · 0.41
Debt to equity
-31.55▲
2024 · -55.53
ROA
-0.5%▲
2024 · -4.8%
Interest coverage
2.61▲
2024 · -1.91
Debt
€2.23M▼
2024 · €3.33M
Debt ≤ 1 year
€2.16M▼
2024 · €3.14M
Debt > 1 year
€49k▼
2024 · €99k
Income taxes
€736▲
2024 · €491
Staff costs
€621k▼
2024 · €661k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.27M€2.16M▼
Fixed assets21/28€1.05M€1.19M▲
Intangible fixed assets21€26k€75k▲
Tangible fixed assets22/27€207k€155k▼
Plant, machinery and equipment23€127k€95k▼
Furniture and vehicles24€80k€60k▼
Financial fixed assets28€821k€960k▲
Current assets29/58€2.22M€969k▼
Stocks and contracts in progress3€929k€40k▼
Stocks30/36€40k€40k=
Contracts in progress37€889k€0▼
Amounts receivable within one year40/41€981k€615k▼
Trade receivables40€899k€610k▼
Other amounts receivable41€82k€5k▼
Cash at bank and in hand54/58€300k€302k▲
Deferred charges and accrued income490/1€6k€11k▲
Equity and liabilities
Total equity and liabilities10/49€3.27M€2.16M▼
Equity10/15€-60k€-71k▼
Contributions10/11€12k€12k=
Reserves13€13k€13k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€-85k€-96k▼
Amounts payable17/49€3.33M€2.23M▼
Amounts payable after more than one year17€99k€49k▼
Financial debts170/4€99k€49k▼
Amounts payable within one year42/48€3.14M€2.16M▼
Current portion of amounts payable after more than one year42€49k€50k▲
Financial debts43€200k€200k=
Credit institutions430/8€200k€200k=
Trade debts44€778k€855k▲
Suppliers440/4€778k€855k▲
Advances received on contracts in progress46€1.22M€112k▼
Taxes, remuneration and social security45€232k€80k▼
Taxes450/3€114k€7k▼
Remuneration and social security454/9€118k€73k▼
Other amounts payable47/48€663k€864k▲
Accrued charges and deferred income492/3€87k€18k▼
Income statement
Code20242025
Remuneration, social security and pensions62€661k€621k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€81k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€612k€724k▲
Operating profit (loss)9901€-133k€20k▲
Financial income75/76B€1k€9k▲
Recurring financial income75€1k€9k▲
Financial charges65/66B€26k€39k▲
Recurring financial charges65€26k€39k▲
Profit (loss) for the period before taxes9903€-157k€-10k▲
Income taxes67/77€491€736▲
Profit (loss) for the period9904€-158k€-11k▲
Profit (loss) for the period to be appropriated9905€-158k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-85k€-96k▼
Profit (loss) brought forward from the previous period14P€72k€-85k▼
Social balance
Average headcount (FTE)90878.27.4▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
10-02
State Gazette act
Capital & shares · RestructuringResignations: SUSTIMAX BV, VYTECH GROUP NV and SUBMENTUM · Appointment: VYTECH GROUP NV (director) · Permanent representatives: Bart Dhaene and Stijn Nauts17 facts ▸
State Gazette act
Capital & shares · Restructuring
Resignations: SUSTIMAX BV, VYTECH GROUP NV and SUBMENTUM · Appointment: VYTECH GROUP NV (director) · Permanent representatives: Bart Dhaene and Stijn Nauts17 facts ▸
- General meeting, 30-12-2025
- General meeting, 16-07-2025
- Director resignation, SUSTIMAX BV (director)
- Director appointment, VYTECH GROUP NV (director)
- Permanent representative, Bart Dhaene
- Mandate compensation, VYTECH GROUP NV
- Board composition, VYTECH GROUP NV (director)
- Board composition, VCP GP BV (director)
- Permanent representative, Stijn Nauts
- Merger, 01-01-2026
- Dissolution, 01-01-2026
- Share cancellation, VERMA ENGINEERING
- +5 further facts in this act
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-158k
Net result drops to €-158k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 121 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €50k ▲67.8%
Operating result €83k, net result €50k, both a record.
31-12
Financial
Equity above €150kEq €162k ▲45.5%
3 profitable years in a row build equity to €162k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €100kEq €111k ▲36.7%
2 profitable years in a row build equity to €111k.
Show earlier events
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-01-2026
VERMA ENGINEERING: Resigned as Director
01-01-2026
VYTECH GROUP: Reappointed as Director
09-07-2025
Sustimax: Resigned as Director
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared corporate director
→
Acquisitions and mergers
1 transactionTook over:VERMA ENGINEERING
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,670 EUR awarded · 2,670 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 214 EUR |
| 2024 | 1 | 214 EUR | 0 EUR |
| 2023 | 1 | 1,836 EUR | 1,836 EUR |
| 2022 | 1 | 620 EUR | 620 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)