Summary
SUBTILITE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €150,141 and a net result of €48,082. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 51% of 6157 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
29 d late
2022
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€150,141▲ 47.1%
2023 · €102,059
Net result
€48,082▲ 102%
2023 · €23,753
Total assets
€282,357▲ 4.3%
2023 · €270,761
Solvency
53.2%▲ 15.5pp
2023 · 37.7%
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
Line202220232024
Operating result€107,244-€29,148▼ 72.8%€57,637▲ 97.7%
Net result€75,306-€23,753▼ 68.5%€48,082▲ 102%
Equity€78,306-€102,059▲ 30.3%€150,141▲ 47.1%
Total assets€152,149-€270,761▲ 78.0%€282,357▲ 4.3%
Debt€73,843-€168,702▲ 128%€132,216▼ 21.6%
Working capital€102,856-€213,628▲ 108%€236,562▲ 10.7%
Solvency51.5%-37.7%▼ 13.8pp53.2%▲ 15.5pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 98% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €282,357
Fixed assets
€450 =
Current assets
€281,907 ▲ 4.3%
Equity and liabilities €282,357
Equity
€150,141 ▲ 47.1%
Debt
€132,216 ▼ 21.6%
Debt's share of the balance-sheet total falls from 62.3% to 46.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
32.0%▲
2023 · 23.3%
ROA
17.0%▲
2023 · 8.8%
Debt ≤ 1 year
€45,345▼
2023 · €56,684
Debt > 1 year
€86,871▼
2023 · €112,018
Income taxes
€19,128▲
2023 · €9,436
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €450 | €604 | €892 | ▲ 47.6% |
| Gross operating margin9900 | €107,694 | €29,753 | €58,528 | ▲ 96.7% |
| Operating profit (loss)9901 | €107,244 | €29,148 | €57,637 | ▲ 97.7% |
| Financial income75/76B | €1,756 | €4,356 | €9,999 | ▲ 130% |
| Recurring financial income75 | €1,756 | €4,356 | €9,999 | ▲ 130% |
| Financial charges65/66B | €334 | €314 | €426 | ▲ 35.5% |
| Recurring financial charges65 | €334 | €314 | €426 | ▲ 35.5% |
| Profit (loss) for the period before taxes9903 | €108,666 | €33,189 | €67,210 | ▲ 103% |
| Income taxes67/77 | €33,360 | €9,436 | €19,128 | ▲ 103% |
| Profit (loss) for the period9904 | €75,306 | €23,753 | €48,082 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €75,306 | €23,753 | €48,082 | ▲ 102% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €152,149 | €270,761 | €282,357 | ▲ 4.3% |
| Fixed assets21/28 | €450 | €450 | €450 | = |
| Financial fixed assets28 | €450 | €450 | €450 | = |
| Current assets29/58 | €151,699 | €270,311 | €281,907 | ▲ 4.3% |
| Amounts receivable within one year40/41 | €124,327 | €259,605 | €247,569 | ▼ 4.6% |
| Trade receivables40 | €8,912 | €950 | €31,460 | ▲ 3,212% |
| Other amounts receivable41 | €115,415 | €258,655 | €216,109 | ▼ 16.4% |
| Cash at bank and in hand54/58 | €27,372 | €10,706 | €34,337 | ▲ 221% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €152,149 | €270,761 | €282,357 | ▲ 4.3% |
| Equity10/15 | €78,306 | €102,059 | €150,141 | ▲ 47.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €75,306 | €99,059 | €147,141 | ▲ 48.5% |
| Distributable reserves133 | €75,306 | €99,059 | €147,141 | ▲ 48.5% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | = |
| Amounts payable17/49 | €73,843 | €168,702 | €132,216 | ▼ 21.6% |
| Amounts payable after more than one year17 | €25,000 | €112,018 | €86,871 | ▼ 22.4% |
| Financial debts170/4 | €25,000 | €15,000 | - | - |
| Other amounts payable178/9 | - | €97,018 | €86,871 | ▼ 10.5% |
| Amounts payable within one year42/48 | €48,843 | €56,684 | €45,345 | ▼ 20.0% |
| Trade debts44 | €5,100 | €10,524 | €1,528 | ▼ 85.5% |
| Suppliers440/4 | €5,100 | €10,524 | €1,528 | ▼ 85.5% |
| Taxes, remuneration and social security45 | €43,743 | €46,159 | €43,817 | ▼ 5.1% |
| Taxes450/3 | €43,743 | €46,159 | €43,817 | ▼ 5.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,306 | €23,753 | €48,082 | ▲ 102% |
| Operating cash flow (approximation) | €75,306 | €23,753 | €48,082 | ▲ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€16,666 | €23,631 | ▲ 242% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150,000Eq €150,141 ▲47.1%
3 profitable years in a row build equity to €150,141.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €23,753 ▼68.5%
Net result drops to €23,753, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €102,059 ▲30.3%
2 profitable years in a row build equity to €102,059.
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2021
Ground area
1,746 m²
Building footprint
1,688 m²
Parcel 11807G0643/00V000, Flanders. Linked by address, not a title deed.
1 establishment unit
SUBTILITE
since 20212.314.209.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0643/00V000indicative | Flanders | 1,746 m² | 1 · 1,688 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 810 EUR awarded · 810 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 810 EUR | 810 EUR |
Similar companies · same sector, comparable size
Bema
BE 0403.662.926
Rumst · Eq €150,141
ARRI
BE 1010.860.259
Roeselare · Eq €150,145
ARCO HOLDING
BE 0800.190.216
Flémalle · Eq €150,118
GRANDJEAN MANAGEMENT
BE 0750.604.212
Vaux-sur-Sûre · Eq €150,101
SimCo
BE 0660.864.364
Antwerpen · Eq €150,098
Of 24,729 companies in sector 64210 we hold annual accounts for 19,771. 13,228 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
Founded05-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46140Agents in the wholesale of industrial machinery, ships and aircraft
46431Wholesale of electrical household appliances and audio-video equipment
47552Retail sale of lighting equipment
71112Activities of interior architects
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.