SUGAR MAN
The computed 12-month bankruptcy probability of SUGAR MAN is 7.1% (elevated). The 2024 annual accounts show equity of €170k and a net result of €120k. Its solvency ranks better than 60% of 548 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €170k |
| Net result | €120k |
| Staff (FTE) | 3.5 |
| Better than sector | 60% |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.9% | 19.1% | |
| Net result | €120k | €19k | |
| Equity | €170k | €64k | |
| Gross operating margin | €522k | €293k | |
| Staff costs | €199k | €239k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €302k |
| Net profit | €120k |
| Cash flow | €219k |
| Staff costs | €199k |
| Income taxes | €39k |
| Dividends | - |
| Total assets | €629k |
| Equity | €170k |
| Debt | €460k |
| of which ≤ 1y | €277k |
| of which > 1y | €179k |
| Working capital | €-150k |
| Employees (FTE) | 3.5 |
| 2024 | |
|---|---|
| Current ratio | 0.46 |
| Quick ratio | 0.30 |
| Working capital ratio | -23.8% |
| Solvency | 26.9% |
| Debt / equity | 2.71 |
| Long-term debt ratio | 1.06 |
| Interest coverage | 6.93 |
| Gross margin | - |
| Net margin | - |
| ROA | 19.0% |
| ROE | 70.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €629k |
| Fixed assets | 21/28 | €502k |
| Intangible fixed assets | 21 | €66k |
| Tangible fixed assets | 22/27 | €435k |
| Financial fixed assets | 28 | €90 |
| Current assets | 29/58 | €128k |
| Stocks & contracts in progress | 3 | €44k |
| Amounts receivable within one year | 40/41 | €6k |
| Cash & bank | 54/58 | €58k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €629k |
| Equity | 10/15 | €170k |
| Contributions / capital | 10/11 | €50k |
| Reserves | 13 | €119k |
| Accumulated profits (losses) | 14 | €516 |
| Amounts payable | 17/49 | €460k |
| Amounts payable after one year | 17 | €179k |
| Amounts payable within one year | 42/48 | €277k |
| Trade debts payable within one year | 44 | €102k |
| Income statement | ||
| Gross operating margin | 9900 | €522k |
| Operating result | 9901 | €202k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €44k |
| Result before taxes | 9903 | €159k |
| Income taxes | 67/77 | €39k |
| Net result for the period | 9904 | €120k |
| Result to be appropriated | 9905 | €120k |
| NACE primary | Food & beverage service(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 18-04-2023 |
| Status | Active |
| Postal code | 9031 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1042/00M000indicative | Flanders | 1,281 m² | 1 · 838 m² | - |
| 44017D1405/00P000 | Flanders | 744 m² | 1 · 139 m² | 7.7 m · 2 fl. |
| 44805E1607/00B000 | Flanders | 194 m² | 1 · 185 m² | 12.6 m · 2 fl. |
| 44815F3066/00H000 | Flanders | 156 m² | 1 · 75 m² | 16.8 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
25-02-2026 2 directors appointed, 1 resigning
- GLORIA & SAUL BV, Bestuurder
- Jilles D'HULSTER, Vaste vertegenwoordiger
- Kaat HEIRBRANT, Bestuurder
Technical details
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},
"reason": "de_plein_droit_dissolution",
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"effective_date": "2026-02-17",
"evidence_quote": "De bijzondere algemene vergadering d.d. 01.08.2025 stelt het ontslag vast van Kaat HEIRBRANT, wonende te 9000 GENT, Makelaarsstraat 25, als bestuurder met ingang van heden.",
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"evidence_quote": "De bijzondere algemene vergadering d.d. 01.08.2025 beslist om GLORIA \u0026 SAUL BV, met zetel te 9000 GENT, Makelaarsstraat 25, ingeschreven in het rechtspersonenregister te GENT afdeling GENT met als ondernemingsnummer 1023.991.089 en met als vaste vertegenwoordiger Kaat HEIRBRANT te benoemen als bestu",
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},
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"evidence_quote": "ROSTEK\u041EP BV. met vaste vertegenwoordiger Jilles D\u0027HULSTER. bestuurder.",
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],
"notary": {
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"firm_city": null,
"firm_name": null,
"office_city": "Luik",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2026-02-25",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2025-08-01",
"unanimous": null
},
{
"body": "bijzondere_algemene_vergadering",
"date": "2025-08-01",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0800.885.943",
"name_full": "SUGAR MAN",
"legal_form": "BV"
},
"publication_proxy": {
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"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}16-04-2025 Change in the board of directors
Technical details
{
"events": [],
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},
"subject_company": {
"kbo": "0800.885.943",
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"legal_form": "BV"
}
}20-04-2023 Incorporation of a new BV
Technical details
{
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"seat": "9030 Mariakerke, Amand Casier de ter Bekenlaan 47",
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"founders": [
{
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"kind": "natural_person",
"person": {
"dob": "1971-11-15",
"name": "BAUTS Eddy Martin",
"niss": null,
"address": "9030 Gent (Mariakerke), Amand Casier de ter Bekenlaan 47"
},
"share_class": "A",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 10000,
"holder_person_name": "BAUTS Eddy Martin",
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{
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"person": {
"dob": "1976-03-22",
"name": "D\u0027HULSTER Jilles",
"niss": null,
"address": "9031 Gent (Drongen), Baarlewarande 35"
},
"share_class": "B",
"partner_role": null,
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{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1978-12-06",
"name": "HEIRBRANT Kaat Catherine Alma",
"niss": null,
"address": "9000 Gent, Makelaarsstraat 25"
},
"share_class": "C",
"partner_role": null,
"holder_org_kbo": null,
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},
{
"org": null,
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"person": {
"dob": "1977-10-27",
"name": "REICH Vanessa",
"niss": null,
"address": "9030 Gent (Mariakerke), Amand Casier de ter Bekenlaan 47"
},
"share_class": "D",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 10000,
"holder_person_name": "REICH Vanessa",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 10000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 50000,
"subject_company": {
"kbo": "0800.885.943",
"name_full": "SUGAR MAN",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2023-04-13",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | SUGAR MAN |