SUBMERGO
InactiveInactive since 13-08-2026; last annual accounts for fiscal year 2025. Dissolved without liquidation.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
64 d early
2023
16 d early
2022
31 d early
2021
78 d late
2020
61 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Other professional, scientific and technical activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€106,945▼ 54.1%
2023 · €233,195
Total assets
€259,117▼ 11.3%
2023 · €292,071
Net result
€13,174
2023 · -€15,244
Working capital
€33,342▼ 79.0%
2023 · €159,113
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€2,947▲ 69.4%-€4,213▼ 43.0%-€4,659▼ 10.6%-€6,560▼ 40.8%€15,988
Net result€12,857within the sector's middle half▲ 329%€6,144within the sector's middle half▼ 52.2%€7,838within the sector's middle half▲ 27.6%-€15,244below the sector's middle half€13,174within the sector's middle half
Equity€234,457above the sector's middle half▲ 5.8%€240,601above the sector's middle half▲ 2.6%€248,439above the sector's middle half▲ 3.3%€233,195within the sector's middle half▼ 6.1%€106,945within the sector's middle half▼ 54.1%
Total assets€286,368above the sector's middle half▼ 0.4%€290,636above the sector's middle half▲ 1.5%€304,753above the sector's middle half▲ 4.9%€292,071within the sector's middle half▼ 4.2%€259,117within the sector's middle half▼ 11.3%
Debt€12,828▼ 52.3%€10,952▼ 14.6%€17,231▲ 57.3%€58,876▲ 242%€152,172▲ 158%
Working capital€193,890above the sector's middle half▲ 6.8%€200,445above the sector's middle half▲ 3.4%€218,399above the sector's middle half▲ 9.0%€159,113within the sector's middle half▼ 27.1%€33,342within the sector's middle half▼ 79.0%
Solvency81.9%above the sector's middle half▲ 4.8pp82.8%above the sector's middle half▲ 0.9pp81.5%above the sector's middle half▼ 1.3pp79.8%above the sector's middle half▼ 1.7pp41.3%within the sector's middle half▼ 38.6pp
Current ratio24.28above the sector's middle half▲ 13.2621.40above the sector's middle half▼ 2.8823.34above the sector's middle half▲ 1.943.70above the sector's middle half▼ 19.641.22within the sector's middle half▼ 2.48
Return on assets (ROA)4.5%within the sector's middle half▲ 3.4pp2.1%within the sector's middle half▼ 2.4pp2.6%within the sector's middle half▲ 0.5pp-5.2%below the sector's middle half▼ 7.8pp5.1%within the sector's middle half▲ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
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 2024: €15,988 after a loss of €6,560 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €259,117
Fixed assets
€73,627 ▼ 0.6%
Current assets
€185,490 ▼ 14.9%
Equity and liabilities €259,117
Equity
€106,945 ▼ 54.1%
Debt
€152,172 ▲ 158%
Debt's share of the balance-sheet total rises from 20.2% to 58.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€20,443▲
2023 · -€2,754
Cash flow
€17,629▲
2023 · -€11,437
Debt to equity
1.42▲
2023 · 0.25
ROE
12.3%▲
2023 · -6.5%
Interest coverage
71.17▲
2023 · -1.42
Debt ≤ 1 year
€152,147▲
2023 · €58,876
Income taxes
€4,522▼
2023 · €16,591
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,786 | €3,786 | €3,786 | €3,807 | €4,455 | ▲ 17.0% |
| Other operating charges640/8 | - | €8,665 | €7,191 | €7,986 | €9,507 | ▲ 19.0% |
| Gross operating margin9900 | €6,447 | €8,238 | €6,318 | €5,232 | €29,950 | ▲ 472% |
| Operating profit (loss)9901 | -€2,947 | -€4,213 | -€4,659 | -€6,560 | €15,988 | ▲ 344% |
| Financial income75/76B | - | €10,907 | €12,781 | €9,843 | €1,995 | ▼ 79.7% |
| Recurring financial income75 | €16,306 | €10,907 | €12,781 | €9,843 | €1,995 | ▼ 79.7% |
| Financial charges65/66B | - | €549 | €284 | €1,936 | €287 | ▼ 85.2% |
| Recurring financial charges65 | €502 | €549 | €284 | €1,936 | €287 | ▼ 85.2% |
| Profit (loss) for the period before taxes9903 | €12,857 | €6,144 | €7,838 | €1,346 | €17,696 | ▲ 1,214% |
| Income taxes67/77 | - | - | - | €16,591 | €4,522 | ▼ 72.7% |
| Profit (loss) for the period9904 | €12,857 | €6,144 | €7,838 | -€15,244 | €13,174 | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €12,857 | €6,144 | €7,838 | -€15,244 | €13,174 | ▲ 186% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €286,368 | €290,636 | €304,753 | €292,071 | €259,117 | ▼ 11.3% |
| Fixed assets21/28 | €84,150 | €80,364 | €76,578 | €74,082 | €73,627 | ▼ 0.6% |
| Tangible fixed assets22/27 | €84,100 | €80,314 | €76,528 | €74,032 | €73,577 | ▼ 0.6% |
| Land and buildings22 | - | €80,314 | €76,528 | €74,032 | €70,115 | ▼ 5.3% |
| Furniture and vehicles24 | - | - | - | - | €3,462 | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €202,218 | €210,272 | €228,175 | €217,989 | €185,490 | ▼ 14.9% |
| Amounts receivable within one year40/41 | €201,526 | €209,825 | €224,701 | €203,771 | €160,041 | ▼ 21.5% |
| Trade receivables40 | - | €31,866 | €31,866 | €31,866 | €21,866 | ▼ 31.4% |
| Other amounts receivable41 | - | €177,959 | €192,835 | €171,905 | €138,175 | ▼ 19.6% |
| Cash at bank and in hand54/58 | €692 | €448 | €3,474 | €27 | €23,291 | ▲ 86,228% |
| Deferred charges and accrued income490/1 | - | - | - | €14,192 | €2,158 | ▼ 84.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €286,368 | €290,636 | €304,753 | €292,071 | €259,117 | ▼ 11.3% |
| Equity10/15 | €234,457 | €240,601 | €248,439 | €233,195 | €106,945 | ▼ 54.1% |
| Contributions10/11 | - | €12,403 | €12,403 | €12,403 | €12,403 | = |
| Reserves13 | €102,542 | €102,542 | €102,542 | €102,542 | €94,542 | ▼ 7.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €75,901 | €75,901 | - | - | - |
| Distributable reserves133 | - | €24,781 | €24,781 | €100,682 | €92,682 | ▼ 7.9% |
| Profit (loss) carried forward14 | €119,513 | €125,657 | €133,494 | €118,250 | - | - |
| Provisions and deferred taxes16 | €39,083 | €39,083 | €39,083 | - | - | - |
| Deferred taxes168 | - | €39,083 | €39,083 | - | - | - |
| Amounts payable17/49 | €12,828 | €10,952 | €17,231 | €58,876 | €152,172 | ▲ 158% |
| Amounts payable within one year42/48 | €8,328 | €9,827 | €9,776 | €58,876 | €152,147 | ▲ 158% |
| Financial debts43 | - | - | €42 | - | - | - |
| Credit institutions430/8 | - | - | €42 | - | - | - |
| Trade debts44 | €3,547 | €9,827 | €9,734 | €9,621 | - | - |
| Suppliers440/4 | - | €9,827 | €9,734 | €9,621 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €3,900 | - |
| Taxes, remuneration and social security45 | - | - | - | €49,255 | €1,522 | ▼ 96.9% |
| Taxes450/3 | - | - | - | €49,255 | €1,522 | ▼ 96.9% |
| Other amounts payable47/48 | - | - | - | - | €146,725 | - |
| Accrued charges and deferred income492/3 | - | €1,125 | €7,455 | - | €24 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,857 | €6,144 | €7,838 | -€15,244 | €13,174 | ▲ 186% |
| + Depreciation and write-downs630 | €3,786 | €3,786 | €3,786 | €3,807 | €4,455 | ▲ 17.0% |
| Operating cash flow (approximation) | €16,643 | €9,930 | €11,624 | -€11,437 | €17,629 | ▲ 254% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,310 | -€4,000 | ▼ 205% |
| Change in cash | - | -€245 | €3,026 | -€3,447 | €23,264 | ▲ 775% |
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
21-08
State Gazette act
Restructuring · End & cessationResignation: CENISTE (director) · Shareholding · Merger16 facts ▸
State Gazette act
Restructuring · End & cessation
Resignation: CENISTE (director) · Shareholding · Merger16 facts ▸
- General meeting, 31-07-2026
- Shareholding, 01-01-2024
- Merger, fusie door overneming, artikel 12:7, 2° en 12:53 §1 WVV
- Real estate, overgang onroerend goed, Brugge, Rederskaai 21/22 en 21
- Other statement, vrijstelling omstandig schriftelijk verslag, alle aandelen SUBMERGO in handen van CENISTE
- Other statement, vrijstelling schriftelijk verslag bedrijfsrevisor, alle aandelen SUBMERGO in handen van CENISTE
- Other statement, inzage documenten, meer dan één maand vóór vergadering
- Other statement, geen belangrijke wijzigingen in activa en passiva, sinds datum fusievoorstel tot datum vergadering
- Other statement, geen tussentijdse cijfers vereist, laatste jaarrekening SUBMERGO dateert van 31 december 2025
- Declaration, no conflicting agreements, De vergaderingen verklaren op vraag van de notaris dat noch in hoofde van de overgenomen vennootschap, noch in hoofde van de overneme…
- Director resignation, CENISTE (director)
- Director discharge, CENISTE (director)
- +4 further facts in this act
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €13,174
Net result €13,174 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€15,244
Net result drops to -€15,244, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 24.28
Current ratio from 11.02 to 24.28; short-term debt falls from €18,111 to €8,328.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 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.
Not every act has been read: a resignation may be missing here
2 of this company's 3 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
Registered office, Gent
Ground area
1,661 m²
Building footprint
233 m²
Volume, LiDAR
1,228 m³
Parcel 44342B0712/02F000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44342B0712/02F000 | Flanders | 1,661 m² | 1 · 233 m² | 8.6 m · 2 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CENISTE |
|
Articles of association
Accounting effect
01-01-2026
Other statement
De jaarrekening van het lopende boekjaar, dat een aanvang nam op 1 januari 2026, van de overgenomen vennootschap zal worden opgemaakt overeenkomstig artikel 12:…
Structure & network
Owners and holdings
1 ownerChain of control
- CENISTE
- SUBMERGO
Highest known parent: CENISTE. The sources do not say who stands above it.
Owners 1
- CENISTEparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:CENISTE
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 21-08-2026 ↗
- CENISTE all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 4,560 companies in sector 74999 we hold annual accounts for 1,935. 1,550 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
Founded17-04-1989
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
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.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.