SUBUNA
ActiveSummary
SUBUNA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.6m and a net result of €323,862. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity ample (current ratio 37.2 against 40.42 in 2024; short-term debt: 2.7% and cash: 47.9% of total assets), and 2.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
97.3%
Return on assets
8.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
3 d early
2023
29 d late
2022
on the day
2021
24 d early
2020
3 d early
2019
8 d early
← 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 4 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€323,862▼ 46.7%
2024 · €607,131
Working capital
€3.5m▼ 13.3%
2024 · €4.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1.7m▲ 340%€1.6m▼ 3.9%€471,299▼ 70.9%€506,831▲ 7.5%€326,329▼ 35.6%
Net result€1.1mabove the sector's middle half▲ 318%€731,245above the sector's middle half▼ 34.1%€421,392above the sector's middle half▼ 42.4%€607,131above the sector's middle half▲ 44.1%€323,862above the sector's middle half▼ 46.7%
Equity€2.9mabove the sector's middle half▲ 43.7%€3.5mabove the sector's middle half▲ 17.5%€3.7mabove the sector's middle half▲ 7.5%€4.1mabove the sector's middle half▲ 10.6%€3.6mabove the sector's middle half▼ 13.4%
Total assets€3.2mwithin the sector's middle half▲ 43.3%€3.7mwithin the sector's middle half▲ 16.3%€3.9mwithin the sector's middle half▲ 4.5%€4.2mwithin the sector's middle half▲ 8.8%€3.7mabove the sector's middle half▼ 13.2%
Debt€245,581▲ 38.7%€249,998▲ 1.8%€155,462▼ 37.8%€102,843▼ 33.8%€97,110▼ 5.6%
Working capital€2.8m▲ 44.5%€3.4m▲ 19.4%€3.6m▲ 8.1%€4.1m▲ 11.3%€3.5m▼ 13.3%
Solvency92.3%above the sector's middle half▲ 0.3pp93.3%above the sector's middle half▲ 1.0pp96.0%above the sector's middle half▲ 2.7pp97.6%above the sector's middle half▲ 1.6pp97.3%above the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 36% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€49,731 ▼ 17.4%
Current assets
€3.6m ▼ 13.1%
Equity and liabilities €3.7m
Equity
€3.6m ▼ 13.4%
Debt
€97,110 ▼ 5.6%
Debt's share of the balance-sheet total rises from 2.4% to 2.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€338,863▼
2024 · €517,603
Cash flow
€336,396▼
2024 · €617,904
Current ratio
37.20▼
2024 · 40.42
Debt to equity
0.03▲
2024 · 0.02
ROE
9.1%▼
2024 · 14.8%
ROA
8.8%▼
2024 · 14.4%
Interest coverage
7.53▲
2024 · -2.14
Debt ≤ 1 year
€97,110▼
2024 · €102,843
Income taxes
€101,629▼
2024 · €227,748
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 17,792 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,330 | €14,212 | €14,224 | €10,772 | €12,534 | ▲ 16.3% |
| Other operating charges640/8 | €231 | €3,672 | €3,121 | €4,969 | €4,340 | ▼ 12.7% |
| Non-recurring operating charges66A | - | - | - | €2,226 | €24,509 | ▲ 1,001% |
| Gross operating margin9900 | €1.7m | €1.6m | €488,644 | €524,798 | €367,712 | ▼ 29.9% |
| Operating profit (loss)9901 | €1.7m | €1.6m | €471,299 | €506,831 | €326,329 | ▼ 35.6% |
| Financial income75/76B | €40,225 | €28,132 | €38,137 | €110,750 | €144,164 | ▲ 30.2% |
| Recurring financial income75 | €40,225 | €28,132 | €38,137 | €110,750 | €119,164 | ▲ 7.6% |
| Non-recurring financial income76B | - | - | - | - | €25,000 | - |
| Financial charges65/66B | €69,883 | €430,543 | -€76,934 | -€217,299 | €45,003 | ▲ 121% |
| Recurring financial charges65 | €69,883 | €430,543 | -€76,934 | -€242,299 | €45,003 | ▲ 119% |
| Non-recurring financial charges66B | - | - | - | €25,000 | - | - |
| Profit (loss) for the period before taxes9903 | €1.7m | €1.2m | €586,370 | €834,879 | €425,491 | ▼ 49.0% |
| Income taxes67/77 | €549,083 | €488,392 | €164,978 | €227,748 | €101,629 | ▼ 55.4% |
| Profit (loss) for the period9904 | €1.1m | €731,245 | €421,392 | €607,131 | €323,862 | ▼ 46.7% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €731,245 | €421,392 | €607,131 | €323,862 | ▼ 46.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.2m | €3.7m | €3.9m | €4.2m | €3.7m | ▼ 13.2% |
| Fixed assets21/28 | €124,294 | €91,842 | €77,619 | €60,210 | €49,731 | ▼ 17.4% |
| Tangible fixed assets22/27 | €64,928 | €51,409 | €37,186 | €47,414 | €36,935 | ▼ 22.1% |
| Furniture and vehicles24 | €64,928 | €51,409 | €37,186 | €47,414 | €36,935 | ▼ 22.1% |
| Financial fixed assets28 | €59,366 | €40,433 | €40,433 | €12,796 | €12,796 | = |
| Current assets29/58 | €3.1m | €3.6m | €3.8m | €4.2m | €3.6m | ▼ 13.1% |
| Amounts receivable within one year40/41 | €122,273 | €57,477 | €39,385 | €42,809 | €47,684 | ▲ 11.4% |
| Trade receivables40 | €122,079 | €57,284 | €39,192 | €42,615 | €47,502 | ▲ 11.5% |
| Other amounts receivable41 | €193 | €193 | €193 | €193 | €182 | ▼ 6.0% |
| Current investments50/53 | €912,782 | €1.1m | €3.1m | €3.5m | €1.8m | ▼ 48.9% |
| Cash at bank and in hand54/58 | €2.0m | €2.4m | €638,160 | €576,458 | €1.8m | ▲ 205% |
| Deferred charges and accrued income490/1 | €1,748 | €1,576 | €1,609 | €245 | €294 | ▲ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.2m | €3.7m | €3.9m | €4.2m | €3.7m | ▼ 13.2% |
| Equity10/15 | €2.9m | €3.5m | €3.7m | €4.1m | €3.6m | ▼ 13.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2.8m | €3.4m | €3.6m | €4.0m | €3.1m | ▼ 21.8% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | €2.8m | €3.4m | €3.6m | €4.0m | €3.1m | ▼ 21.8% |
| Profit (loss) carried forward14 | €97,872 | €97,872 | €97,872 | €97,872 | €421,734 | ▲ 331% |
| Amounts payable17/49 | €245,581 | €249,998 | €155,462 | €102,843 | €97,110 | ▼ 5.6% |
| Amounts payable within one year42/48 | €245,573 | €249,998 | €155,462 | €102,843 | €97,110 | ▼ 5.6% |
| Taxes, remuneration and social security45 | €245,573 | €249,998 | €155,462 | €102,843 | €97,110 | ▼ 5.6% |
| Taxes450/3 | €245,538 | €249,998 | €155,462 | €102,843 | €97,110 | ▼ 5.6% |
| Remuneration and social security454/9 | €35 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €8 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €731,245 | €421,392 | €607,131 | €323,862 | ▼ 46.7% |
| + Depreciation and write-downs630 | €4,330 | €14,212 | €14,224 | €10,772 | €12,534 | ▲ 16.3% |
| Operating cash flow (approximation) | €1.1m | €745,457 | €435,616 | €617,904 | €336,396 | ▼ 45.6% |
| Investment in fixed assets (approximation) | - | €18,239 | €0 | €6,637 | -€2,055 | ▼ 131% |
| Change in cash | - | €388,499 | -€1.8m | -€61,701 | €1.2m | ▲ 2,011% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.1m ▲318%
Operating result €1.7m, net result €1.1m, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €2mEq €2.1m ▲5.1%
3 profitable years in a row build equity to €2.1m.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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.
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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, Ukkel · 1 establishment unit since 2007
Ground area
3,118 m²
Building footprint
404 m²
Volume, LiDAR
2,632 m³
2 parcels, Brussels · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Prins van Oranjelaan 93, 1180 Ukkel
since 20072.164.331.207
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/02A084 | Brussels | 1,566 m² | 1 · 192 m² | 7.9 m · 2 fl. |
| 21614H0056/02B084 | Brussels | 1,552 m² | 1 · 212 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
875500DWW6R8TKYRKM47
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 14,195 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
Founded02-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891228179
Also
9925:BE0891228179
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.