SUD PROPERTIES
ActiveThe computed 12-month bankruptcy probability of SUD PROPERTIES is 1.7% (moderate). The 2025 annual accounts show equity of €2.06M and a net result of €387k. Equity is growing by ~29.1% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-36
Solvency44▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.89 against 2.27 in 2024; short-term debt: 8% and cash: 5.5% of total assets), and 81.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
18.6%
Return on assets
3.5%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
25 d early
2024
43 d early
2023
30 d early
2022
23 d late
2021
31 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.56M
EBIT margin
96.4%
Net result
€387k▼ 64.2%
2024 · €1.08M
2021: €-1k
2022: €65k
2023: €-154k
2024: €1.08M
2021 → 2025
Working capital
€-102k
2024 · €1.31M
2021: €-2.10M
2022: €-807k
2023: €18k
2024: €1.31M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.56M
Equity€764k-€764k▲ 0.1%€610k▼ 20.1%€1.68M▲ 175%€2.06M▲ 23.1%
Operating result€290k-€214k▼ 26.3%€151k▼ 29.3%€1.50M▲ 895%€418k▼ 72.2%
Net result€-1k-€65k€-154k€1.08M€387k▼ 64.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.12M
Fixed assets
€10.33M▲ 17.1%
Current assets
€792k▼ 66.2%
Equity and liabilities €11.12M
Equity
€2.06M▲ 23.1%
Provisions
€348k=
Debt
€8.71M▼ 4.7%
The debt ratio falls from 81.9% to 78.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€671k▼
2024 · €1.76M
Cash flow
€640k▼
2024 · €1.33M
Solvency
18.6%▲
2024 · 15.0%
Current ratio
0.89▼
2024 · 2.27
Quick ratio
0.89▼
2024 · 2.27
Debt / equity
4.22▼
2024 · 5.45
ROE
18.7%▼
2024 · 64.4%
ROA
3.5%▼
2024 · 9.7%
Interest coverage
3.33▼
2024 · 6.15
Debt
€8.71M▼
2024 · €9.14M
Debt ≤ 1 year
€894k▼
2024 · €1.03M
Debt > 1 year
€5.33M▼
2024 · €5.51M
Income taxes
€-13k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€11.16M€11.12M▼
Formation expenses20€2k€0▼
Fixed assets21/28€8.82M€10.33M▲
Tangible fixed assets22/27€5.58M€5.33M▼
Land and buildings22€789k€824k▲
Leasing and similar rights25€3.71M€3.57M▼
Other tangible fixed assets26€1.08M€939k▼
Financial fixed assets28€3.24M€4.99M▲
Current assets29/58€2.34M€792k▼
Amounts receivable within one year40/41€261k€39k▼
Trade receivables40€260k€35k▼
Other amounts receivable41€1k€3k▲
Current investments50/53€1.20M€0▼
Cash at bank and in hand54/58€705k€617k▼
Deferred charges and accrued income490/1€178k€136k▼
Equity and liabilities
Total equity and liabilities10/49€11.16M€11.12M▼
Equity10/15€1.68M€2.06M▲
Contributions10/11€194k€194k=
Capital10€194k€194k=
Issued capital100€194k€194k=
Revaluation surpluses12€78k€78k=
Reserves13€1.06M€1.06M▲
Non-distributable reserves130/1€18k€19k▲
Legal reserve130€18k€19k▲
Tax-exempt reserves132€1.04M€1.04M=
Profit (loss) carried forward14€345k€730k▲
Provisions and deferred taxes16€348k€348k=
Deferred taxes168€348k€348k=
Amounts payable17/49€9.14M€8.71M▼
Amounts payable after more than one year17€5.51M€5.33M▼
Financial debts170/4€5.51M€5.33M▼
Amounts payable within one year42/48€1.03M€894k▼
Current portion of amounts payable after more than one year42€176k€181k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€855k€712k▼
Suppliers440/4€855k€712k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Accrued charges and deferred income492/3€2.60M€2.49M▼
Income statement
Code20242025
Turnover70€1.56M-
Non-recurring operating income76A€99k€99k=
Goods, raw materials, services and sundry goods60/61€1.28M-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€253k€252k▼
Other operating charges640/8€80k€151k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€1.84M€821k▼
Operating profit (loss)9901€1.50M€418k▼
Financial income75/76B€224k€158k▼
Recurring financial income75€224k€158k▼
Financial charges65/66B€285k€202k▼
Recurring financial charges65€285k€202k▼
Profit (loss) for the period before taxes9903€1.44M€374k▼
Transfer to deferred taxes680€348k€0▼
Income taxes67/77€13k€-13k▼
Profit (loss) for the period9904€1.08M€387k▼
Transfer to tax-exempt reserves689€1.04M€0▼
Profit (loss) for the period to be appropriated9905€38k€387k▲
Appropriation of the result
Profit (loss) to be appropriated9906€347k€732k▲
Profit (loss) brought forward from the previous period14P€309k€345k▲
Transfer to equity691/2€2k€2k▼
To the legal reserve6920€2k€2k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (21 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
01-09
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Director appointment4 facts ▸
State Gazette act
General meeting · Director resignation
General meeting · Director resignation · Director appointment4 facts ▸
- General meeting, 2026-07-27
- Director resignation, Sébastien Berden (administrateur)
- Director appointment, Charles-Antoine Van Aelst (administrateur)
- Mandate compensation, Charles-Antoine Van Aelst
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €2MEq €2.06M ▲23.1%
2 profitable years in a row build equity to €2.06M.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €1.08M
Net result €1.08M after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.27
Current ratio from 1.01 to 2.27; short-term debt falls from €3.37M to €1.03M.
31-12
Financial
Equity above €1MEq €1.68M ▲175%
Equity rises from €610k to €1.68M.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-154k ▼335%
Net result drops to €-154k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
31-12
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Charles-Antoine Van Aelst
CurrentDirector · since 19-06-2026
19-06-2026
Charles-Antoine Van Aelst: Appointed as Director
19-06-2026
Sébastien Berden: Resigned as Director
Location & real-estate footprint
Registered office, Sprimont · 1 establishment unit since 2020
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.
Rue de Beaufays 834140 SprimontGround area
4,590 m²
Building footprint
1,131 m²
Volume, LiDAR
10,916 m³
Parcel 62100C1114/00A000, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SUD PROPERTIES
since 20202.311.172.775
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100C1114/00A000 | Wallonia | 4,590 m² | 1 · 1,131 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
875500H4XFHSW5J3WT65
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-10-2020
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.