SUELO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

SUELO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €11.63M and a net result of €701k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 217 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 77% of 217 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	08-06-2026	53 d early	2026-00151607
31-12-2024	31-07-2025	19-05-2025	73 d early	2025-00099590
31-12-2023	31-07-2024	13-06-2024	48 d early	2024-00131180
31-12-2022	31-07-2023	14-06-2023	47 d early	2023-00125327
31-12-2021	31-07-2022	22-06-2022	39 d early	2022-20090942

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€11.63M+6.4%

Net result€701k-0.2%

Total assets€13.00M+0.1%

Solvency89.4%+5.3pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 08-06-2026 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	89.4%	55.3%	better than 77% of 217 sector peers
Net result	€701k	€66k	better than 76% of 217 sector peers
Equity	€11.63M	€3.26M	better than 65% of 217 sector peers
Total assets	€13.00M	€6.73M	better than 59% of 217 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P77

Stable position over 2021-2025 · n=217-680

Net result P76

Stable position over 2021-2025 · n=217-679

Equity P65

Stable position over 2021-2025 · n=217-680

Total assets P59

Stable position over 2021-2025 · n=217-680

Describes the position versus peers, not a forecast.

Net profit

€701k

-0.2% 21-25

Total assets

€13.00M

+0.1% 21-25

Equity

€11.63M

+6.4% 21-25

Income taxes

€0

-100.0% 21-25

Debt

€1.37M

-33.2% 21-25

Debt ≤ 1y

€685k

+0.4% 21-25

Debt > 1y

€689k

-49.8% 21-25

Solvency

89.4%

+6.3% 21-25

Show 2 other metrics

ROE

6.0%

-6.3% 21-25

ROA

5.4%

-0.4% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	n/a
EBITDA	n/a
Net profit	€701k
Cash flow	n/a
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€13.00M
Equity	€11.63M
Debt	€1.37M
of which ≤ 1y	€685k
of which > 1y	€689k
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	89.4%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	5.4%
ROE	6.0%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €12.74M · 98.0% Current assets €262k · 2.0%

Equity & liabilities

Equity €11.63M · 89.4% Debt €1.37M · 10.6%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€13.00M
Fixed assets	21/28	€12.74M
Financial fixed assets	28	€12.74M
Current assets	29/58	€262k
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€175k
Cash & bank	54/58	€87k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€13.00M
Equity	10/15	€11.63M
Contributions / capital	10/11	€7.00M
Reserves	13	€4.63M
Amounts payable	17/49	€1.37M
Amounts payable after one year	17	€689k
Amounts payable within one year	42/48	€685k
Trade debts payable within one year	44	€0
Income statement
Turnover	70	€25k
Operating result	9901	€13k
Financial income	75	€700k
Financial charges	65	€13k
Result before taxes	9903	€701k
Net result for the period	9904	€701k
Result to be appropriated	9905	€701k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health 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.

Directors

Directors & mandates

No directors on record

No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.

Statutory auditor

1 auditor

Statutory auditor	IRE/IBR number	Tenure
VGD BedrijfsrevisorenCurrent Statutory auditor · represented by Tina Burm	-	26-07-2021 → present

Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van holdings(64210)
Legal form	Private limited company(610)
Incorporation	14-12-2020
Status	Active
Postal code	9041

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

13 companies at this address See who is registered here

Establishment units

1 location

Antwerpsesteenweg 1068, 9041 Gent

Holdings

since 20202.316.087.905

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2.4 ha

Buildings1

Building footprint6,465 m²

Volume (LiDAR)48,322 m³

Tallest building10.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44051C0583/00Y000	Flanders	2.4 ha	1 · 6,465 m²	10.2 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

6 acts

Capital history · 1

08-06-2026

Capital increase: method: bijkomende inbreng in geld, description: verhoging van de waarde van de bestaande aandelen

All acts · 6 updated 2 months ago

2026

08-06-2026 General meeting · Capital increase · Power of attorney · Notarial deed Open-capture extraction·Elsje Vanderlinden

General meeting: date: 2027-05-22, type: buitengewone algemene vergadering · SUELO
Capital increase: method: bijkomende inbreng in geld, description: verhoging van de waarde van de bestaande aandelen · SUELO
Filing: date: 2026-06-04 · SUELO
Power of attorney: date: 2027-05-22, scope: formaliteiten inzake inschrijving, wijziging of stopzetting bij het ondernemingsloket en de Kruispuntbank van Ondernemingen alsmede bij de administratie voor de Belasting over de Toegevoegde Waarde · SUELO
Power of attorney: date: 2027-05-22, scope: formaliteiten inzake inschrijving, wijziging of stopzetting bij het ondernemingsloket en de Kruispuntbank van Ondernemingen alsmede bij de administratie voor de Belasting over de Toegevoegde Waarde · SUELO
Power of attorney: date: 2027-05-22, scope: formaliteiten inzake inschrijving, wijziging of stopzetting bij het ondernemingsloket en de Kruispuntbank van Ondernemingen alsmede bij de administratie voor de Belasting over de Toegevoegde Waarde · SUELO
Publication: date: 2026-06-08, source: Belgisch Staatsblad · SUELO
Notarial deed: date: 2027-05-22 · SUELO
Filing: date: 2026-06-04, document: proces-verbaal van buitengewone algemene vergadering dd. 22 mei 2026 · SUELO
Act object: DIVERSEN