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SUFIKUPAR

Active
Public limited companyfounded 198838 yrs activeHolstraat 85, 8790 Waregem, BelgiumKBO/BCE: BE 0766.469.452
Summary

SUFIKUPAR has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.1m and a net result of €3.7m. Equity is growing by ~21.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+61
Solvency100▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500,000 at 30 days acceptable
Liquidity ample (current ratio 3.76 against 0.03 in 2024; short-term debt: 19.5% and cash: 0.1% of total assets), and 19.5% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 38 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
80.5%
Return on assets
48.4%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 10-06-2026, 51 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
51 d early
2024
59 d early
2023
75 d early
2022
75 d early
2021
73 d early
2021
194 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 88 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SUFIKUPAR was incorporated on 22 July 1988.1 Total assets rose from EUR 4.1 million in 2021 to EUR 7.6 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€6.1m▲ 151%
2024 · €2.4m
Total assets
€7.6m▲ 105%
2024 · €3.7m
Net result
€3.7m▲ 13,700%
2024 · €26,652
Working capital
€4.1m
2024 · -€1.2m
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
Line20212022202320242025
Operating result-€4,663--€27,051▼ 480%-€60,624▼ 124%€9,464-€227,614
Net result€1.3m-€11,109▼ 99.2%€538,085▲ 4,744%€26,652▼ 95.0%€3.7m▲ 13,700%
Equity€1.9m-€1.9m▲ 0.6%€2.4m▲ 28.7%€2.4m▲ 1.1%€6.1m▲ 151%
Total assets€4.1m-€4.0m▼ 2.9%€3.8m▼ 5.9%€3.7m▼ 2.0%€7.6m▲ 105%
Debt€2.3m-€2.1m▼ 5.7%€1.4m▼ 36.2%€1.3m▼ 7.3%€1.5m▲ 17.4%
Working capital-€2.2m--€2.1m▲ 5.7%-€1.2m▲ 41.5%-€1.2m▼ 1.8%€4.1m
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
  • 2025 Net result +13,700% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
  • 2022 Net result -99% on 2021. The previous fiscal year ran 9 months, this one 12.
Result per fiscal year
Operating resultNet result
-€1.0m€0€1.0m€2.0m€3.0m€4.0mOperating result 2021: -€4,663-€4,663Net result 2021: €1.3m€1.3mOperating result 2022: -€27,051-€27,051Net result 2022: €11,109€11,109Operating result 2023: -€60,624-€60,624Net result 2023: €538,085€538,085Operating result 2024: €9,464€9,464Net result 2024: €26,652€26,652Operating result 2025: -€227,614-€227,614Net result 2025: €3.7m€3.7m20212022202320242025-€1m€0€1m€2m€3m€4mOperating result 2023: -€60,624-€60,600Net result 2023: €538,085€538,000Operating result 2024: €9,464€9,460Net result 2024: €26,652€26,700Operating result 2025: -€227,614-€228,000Net result 2025: €3.7m€3.7m202320242025
The operating result turns negative in 2025: a loss of €227,614 after €9,464 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.6m
Fixed assets €2.0m ▼ 44.9%
Current assets €5.6m ▲ 14,764%
Equity and liabilities €7.6m
Equity €6.1m ▲ 151%
Debt €1.5m ▲ 17.4%
Debt's share of the balance-sheet total falls from 34.1% to 19.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
3.76▲
2024 · 0.03
Debt to equity
0.24▼
2024 · 0.52
ROE
60.1%▲
2024 · 1.1%
ROA
48.4%▲
2024 · 0.7%
Debt ≤ 1 year
€1.5m▲
2024 · €1.3m
Income taxes
€0▼
2024 · €4,397
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,552 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.1% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,552 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.7m€7.6m▲
Fixed assets21/28€3.7m€2.0m▼
Financial fixed assets28€3.7m€2.0m▼
Current assets29/58€37,568€5.6m▲
Amounts receivable after more than one year29-€2.0m
Other amounts receivable291-€2.0m
Amounts receivable within one year40/41€2,373€3.6m▲
Trade receivables40-€400
Other amounts receivable41€2,373€3.6m▲
Cash at bank and in hand54/58€35,195€8,800▼
Equity and liabilities
Total equity and liabilities10/49€3.7m€7.6m▲
Equity10/15€2.4m€6.1m▲
Contributions10/11€495,800€495,800=
Capital10€495,800€495,800=
Issued capital100€495,800€495,800=
Reserves13€1.9m€5.6m▲
Non-distributable reserves130/1€49,580€49,580=
Legal reserve130€49,580€49,580=
Distributable reserves133€1.9m€5.6m▲
Amounts payable17/49€1.3m€1.5m▲
Amounts payable within one year42/48€1.3m€1.5m▲
Trade debts44€126€0▼
Suppliers440/4€126€0▼
Other amounts payable47/48€1.3m€1.5m▲
Income statement Code20242025
Non-recurring operating income76A€11,767-
Goods, raw materials, services and sundry goods60/61€1,209-
Other operating charges640/8€1,094€1,126▲
Non-recurring operating charges66A-€224,999
Gross operating margin9900€10,558-€1,488▼
Operating profit (loss)9901€9,464-€227,614▼
Financial income75/76B€21,584€5.1m▲
Recurring financial income75€21,584€14,225▼
Non-recurring financial income76B-€5.1m
Financial charges65/66B-€1.2m
Recurring financial charges65-€0
Non-recurring financial charges66B-€1.2m
Profit (loss) for the period before taxes9903€31,049€3.7m▲
Income taxes67/77€4,397€0▼
Profit (loss) for the period9904€26,652€3.7m▲
Profit (loss) for the period to be appropriated9905€26,652€3.7m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.9m€3.7m▲
Profit (loss) brought forward from the previous period14P€1.9m€0▼
Transfer to equity691/2€1.9m€3.7m▲
To the legal reserve6920€1.9m-
To other reserves6921-€3.7m
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A---€11,767--
Goods, raw materials, services and sundry goods60/61€3,629€1,350€4,065€1,209--
Other operating charges640/8€1,033€460€1,075€1,094€1,126▲ 3.0%
Non-recurring operating charges66A-€25,241€55,483-€224,999-
Gross operating margin9900-€3,629-€1,350-€4,065€10,558-€1,488▼ 114%
Operating profit (loss)9901-€4,663-€27,051-€60,624€9,464-€227,614▼ 2,505%
Financial income75/76B€1.3m€51,025€608,940€21,584€5.1m▲ 23,456%
Recurring financial income75€81,803€51,025€608,940€21,584€14,225▼ 34.1%
Non-recurring financial income76B€1.3m---€5.1m-
Financial charges65/66B€312€1,270--€1.2m-
Recurring financial charges65€312€1,270--€0-
Non-recurring financial charges66B----€1.2m-
Profit (loss) for the period before taxes9903€1.3m€22,704€548,316€31,049€3.7m▲ 11,746%
Income taxes67/77€6,500€11,595€10,231€4,397€0▼ 100%
Profit (loss) for the period9904€1.3m€11,109€538,085€26,652€3.7m▲ 13,700%
Profit (loss) for the period to be appropriated9905€1.3m€11,109€538,085€26,652€3.7m▲ 13,700%
Line20212022202320242025Change
Assets
Total assets20/58€4.1m€4.0m€3.8m€3.7m€7.6m▲ 105%
Fixed assets21/28€4.1m€3.9m€3.6m€3.7m€2.0m▼ 44.9%
Financial fixed assets28€4.1m€3.9m€3.6m€3.7m€2.0m▼ 44.9%
Current assets29/58€84,259€80,565€160,103€37,568€5.6m▲ 14,764%
Amounts receivable after more than one year29----€2.0m-
Other amounts receivable291----€2.0m-
Amounts receivable within one year40/41€10,132€5,483€1,769€2,373€3.6m▲ 150,776%
Trade receivables40----€400-
Other amounts receivable41€10,132€5,483€1,769€2,373€3.6m▲ 150,759%
Cash at bank and in hand54/58€74,127€75,082€158,333€35,195€8,800▼ 75.0%
Equity and liabilities
Total equity and liabilities10/49€4.1m€4.0m€3.8m€3.7m€7.6m▲ 105%
Equity10/15€1.9m€1.9m€2.4m€2.4m€6.1m▲ 151%
Contributions10/11€495,800€495,800€495,800€495,800€495,800=
Capital10€495,800€495,800€495,800€495,800€495,800=
Issued capital100€495,800€495,800€495,800€495,800€495,800=
Reserves13€49,580€49,580€49,580€1.9m€5.6m▲ 189%
Non-distributable reserves130/1€49,580€49,580€49,580€49,580€49,580=
Legal reserve130€49,580€49,580€49,580€49,580€49,580=
Distributable reserves133---€1.9m€5.6m▲ 194%
Profit (loss) carried forward14€1.3m€1.3m€1.9m---
Amounts payable17/49€2.3m€2.1m€1.4m€1.3m€1.5m▲ 17.4%
Amounts payable within one year42/48€2.3m€2.1m€1.4m€1.3m€1.5m▲ 17.4%
Trade debts44-€799€546€126€0▼ 100%
Suppliers440/4-€799€546€126€0▼ 100%
Other amounts payable47/48€2.3m€2.1m€1.4m€1.3m€1.5m▲ 17.4%
Line20212022202320242025Change
Profit (loss) for the period9904€1.3m€11,109€538,085€26,652€3.7m▲ 13,700%
Operating cash flow (approximation)€1.3m€11,109€538,085€26,652€3.7m▲ 13,700%
Investment in fixed assets (approximation)-€114,397€316,706-€48,767€1.6m▲ 3,479%
Change in cash-€955€83,252-€123,138-€26,396▲ 78.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Highest result since 2021net €3.7m ▲13,700%
Net result €3.7m, the highest in the series.
31-12
Financial Liquidity times 127current ratio 3.76
Current ratio from 0.03 to 3.76.
31-12
Financial Equity above €5mEq €6.1m ▲151%
5 profitable years in a row build equity to €6.1m.
02-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Equity above €2mEq €2.4m ▲28.7%
3 profitable years in a row build equity to €2.4m.
17-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Weakest financial yearnet €11,109 ▼99.2%
Net result drops to €11,109, the lowest in the series; recovery starts the following year.
19-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
20-04
NBB filing Annual accounts filed
fiscal year 2021 · unclassified schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Waregem · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
3,272 m²
Building footprint
28 m²
Volume, LiDAR
769 m³
Parcel 34452B0427/00A007, Flanders · tallest building 28.6 m, ±9 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
SUFIKUPAR
Holstraat 85, 8790 WaregemHoldings
since 20212.316.423.643
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B0427/00A007 Flanders 3,272 m² 1 · 28 m² 28.6 m · 9 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of SUFIKUPAR and those 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.

Identification & contact

Identification
Legal formPublic limited company
Founded22-07-1988
Fiscal year end31-12
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.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.