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SUKAPI

Active
Public limited companyfounded 198046 years activeRegine Beerplein 1, 2018 Antwerpen, BelgiumKBO/BCE: BE 0420.134.021
Summary

SUKAPI has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €443,083 and a net result of -€21,668. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · fiscal year 2025, micro schema

Equity
€443,083▼ 4.7%
2024 · €464,751
Total assets
€3.2m▲ 5.3%
2024 · €3.1m
Net result
-€21,668▲ 65.3%
2024 · -€62,362
Working capital
€1.4m▼ 15.9%
2024 · €1.6m
Trend over the years

2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 160% above 2024 and is the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€0.09m 2025 Net result-€0.02m 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€0.01m-€0.02m▲ 76.3%€0.01m▼ 33.9%€0.02m▲ 29.8%-€0.06m€0.03m€0.09m▲ 160%
Net result€0.004m-€0.01m▲ 171%€0.006m▼ 46.6%€0.009m▲ 60.3%€0.5m▲ 5,615%-€0.06m-€0.02m▲ 65.3%
Equity-€0.002m-€0.01m€0.02m▲ 48.3%€0.03m▲ 52.2%€0.5m▲ 1,821%€0.5m▼ 11.8%€0.4m▼ 4.7%
Total assets€0.2m-€0.2m▲ 3.6%€0.2m▲ 0.6%€0.2m▼ 2.0%€1.7m▲ 996%€3.1m▲ 75.2%€3.2m▲ 5.3%
Debt€0.2m-€0.1m▼ 5.5%€0.1m▼ 3.3%€0.1m▼ 8.8%€1.0m▲ 672%€2.4m▲ 136%€2.6m▲ 7.9%
Working capital-€0.07m--€0.09m▼ 15.8%-€0.1m▼ 23.2%-€0.1m▼ 7.2%€0.5m€1.6m▲ 201%€1.4m▼ 15.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets €1.3m ▼ 2.3%
Current assets €1.9m ▲ 11.1%
Equity and liabilities €3.2m
Equity €443,083 ▼ 4.7%
Provisions €187,679 ▼ 3.4%
Debt €2.6m ▲ 7.9%
Debt's share of the balance-sheet total rises from 78.5% to 80.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€116,555▲
2024 · €60,404
Cash flow
€8,877▲
2024 · -€35,019
Current ratio
3.59▼
2024 · 21.45
Quick ratio
0.15▼
2024 · 1.00
Debt to equity
5.85▲
2024 · 5.17
ROE
-4.9%▲
2024 · -13.4%
ROA
-0.7%▲
2024 · -2.0%
Interest coverage
1.02▲
2024 · 0.58
Debt ≤ 1 year
€534,250▲
2024 · €80,466
Debt > 1 year
€2.1m▼
2024 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
1.6% went bankrupt
1.8% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 2,507 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 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.1m€3.2m▲
Fixed assets21/28€1.3m€1.3m▼
Tangible fixed assets22/27€1.3m€1.3m▼
Land and buildings22€1.3m€1.3m▼
Current assets29/58€1.7m€1.9m▲
Stocks and contracts in progress3€1.6m€1.8m▲
Stocks30/36€1.6m€1.8m▲
Amounts receivable within one year40/41€0.07m€0.06m▼
Other amounts receivable41€0.07m€0.06m▼
Cash at bank and in hand54/58€0.001m€0.01m▲
Deferred charges and accrued income490/1€0.007m€0.003m▼
Equity and liabilities
Total equity and liabilities10/49€3.1m€3.2m▲
Equity10/15€0.5m€0.4m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€0.6m€0.6m▼
Non-distributable reserves130/1€0.02m€0.02m=
Legal reserve130€0.004m€0.004m=
Other1319€0.02m€0.02m=
Tax-exempt reserves132€0.6m€0.6m▼
Profit (loss) carried forward14-€0.2m-€0.2m▼
Provisions and deferred taxes16€0.2m€0.2m▼
Deferred taxes168€0.2m€0.2m▼
Amounts payable17/49€2.4m€2.6m▲
Amounts payable after more than one year17€2.3m€2.1m▼
Financial debts170/4€2.3m€2.1m▼
Other amounts payable178/9€0.002m-
Amounts payable within one year42/48€0.08m€0.5m▲
Trade debts44€0.007m€0.008m▲
Suppliers440/4€0.007m€0.008m▲
Other amounts payable47/48€0.07m€0.5m▲
Accrued charges and deferred income492/3€0.002m€0.002m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.03m▲
Other operating charges640/8€0.01m€0.001m▼
Gross operating margin9900€0.07m€0.1m▲
Operating profit (loss)9901€0.03m€0.09m▲
Financial income75/76B€0.002m-
Recurring financial income75€0.002m-
Financial charges65/66B€0.1m€0.1m▲
Recurring financial charges65€0.1m€0.1m▲
Profit (loss) for the period before taxes9903-€0.07m-€0.03m▲
Transfer from deferred taxes780€0.006m€0.007m▲
Profit (loss) for the period9904-€0.06m-€0.02m▲
Transfer from tax-exempt reserves789€0.02m€0.02m▲
Profit (loss) for the period to be appropriated9905-€0.04m-€0.002m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.2m-€0.2m▼
Profit (loss) brought forward from the previous period14P-€0.2m-€0.2m▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,148€6,444€6,481€6,765€2,075€27,343€30,545▲ 11.7%
Other operating charges640/8---€1,620€50,586€14,549€599▼ 95.9%
Gross operating margin9900€17,929€25,544€20,190€23,862-€11,692€74,954€117,154▲ 56.3%
Operating profit (loss)9901€10,238€18,054€11,926€15,477-€64,352€33,061€86,009▲ 160%
Financial income75/76B----€804,035€1,694--
Recurring financial income75----€804,035€1,694--
Non-recurring financial income76B----€804,035---
Financial charges65/66B---€1,908€1,322€103,320€114,352▲ 10.7%
Recurring financial charges65€4,316€1,818€4,463€1,908€1,322€103,320€114,352▲ 10.7%
Profit (loss) for the period before taxes9903€5,922€16,236€7,464€13,569€738,361-€68,565-€28,342▲ 58.7%
Transfer from deferred taxes780----€453€6,202€6,674▲ 7.6%
Transfer to deferred taxes680----€201,009---
Income taxes67/77€1,872€5,250€1,593€4,160----
Profit (loss) for the period9904€4,050€10,986€5,871€9,410€537,805-€62,362-€21,668▲ 65.3%
Transfer from tax-exempt reserves789----€1,360€18,607€20,021▲ 7.6%
Transfer to tax-exempt reserves689----€603,026---
Profit (loss) for the period to be appropriated9905€4,050€10,986€5,871€9,410-€63,861-€43,755-€1,647▲ 96.2%
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.2m€0.2m€0.2m€0.2m€1.7m€3.1m€3.2m▲ 5.3%
Fixed assets21/28€0.2m€0.2m€0.2m€0.2m€1.2m€1.3m€1.3m▼ 2.3%
Tangible fixed assets22/27€0.2m€0.2m€0.2m€0.2m€1.2m€1.3m€1.3m▼ 2.3%
Land and buildings22---€0.2m€1.2m€1.3m€1.3m▼ 2.3%
Current assets29/58€0.003m€0.005m€0.002m€0.005m€0.6m€1.7m€1.9m▲ 11.1%
Stocks and contracts in progress3-----€1.6m€1.8m▲ 11.8%
Stocks30/36-----€1.6m€1.8m▲ 11.8%
Amounts receivable within one year40/41€137---€0.005m€0.07m€0.06m▼ 14.0%
Other amounts receivable41----€0.005m€0.07m€0.06m▼ 14.0%
Cash at bank and in hand54/58€0.002m€0.004m€0.001m€0.005m€0.6m€0.001m€0.01m▲ 1,983%
Deferred charges and accrued income490/1---€0.001m-€0.007m€0.003m▼ 48.4%
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.2m€0.2m€0.2m€1.7m€3.1m€3.2m▲ 5.3%
Equity10/15-€0.002m€0.01m€0.02m€0.03m€0.5m€0.5m€0.4m▼ 4.7%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m=
Revaluation surpluses12---€0.04m----
Reserves13€0.05m€0.02m€0.02m€0.02m€0.6m€0.6m€0.6m▼ 3.3%
Non-distributable reserves130/1---€0.02m€0.02m€0.02m€0.02m=
Legal reserve130---€0.004m€0.004m€0.004m€0.004m=
Other1319---€0.02m€0.02m€0.02m€0.02m=
Tax-exempt reserves132----€0.6m€0.6m€0.6m▼ 3.4%
Profit (loss) carried forward14-€0.2m-€0.1m-€0.1m-€0.09m-€0.2m-€0.2m-€0.2m▼ 0.8%
Provisions and deferred taxes16----€0.2m€0.2m€0.2m▼ 3.4%
Deferred taxes168----€0.2m€0.2m€0.2m▼ 3.4%
Amounts payable17/49€0.2m€0.1m€0.1m€0.1m€1.0m€2.4m€2.6m▲ 7.9%
Amounts payable after more than one year17€0.08m€0.06m€0.04m€0.01m€1.0m€2.3m€2.1m▼ 11.4%
Financial debts170/4---€0.01m€1.0m€2.3m€2.1m▼ 11.3%
Other amounts payable178/9---€0.003m-€0.002m--
Amounts payable within one year42/48€0.08m€0.09m€0.1m€0.1m€0.01m€0.08m€0.5m▲ 564%
Current portion of amounts payable after more than one year42---€0.02m----
Trade debts44€194€0.001m€0.002m€0.002m€130€0.007m€0.008m▲ 13.3%
Suppliers440/4---€0.002m€130€0.007m€0.008m▲ 13.3%
Taxes, remuneration and social security45---€0.006m€0.003m---
Taxes450/3---€0.006m€0.003m---
Other amounts payable47/48---€0.09m€0.008m€0.07m€0.5m▲ 620%
Accrued charges and deferred income492/3----€0.002m€0.002m€0.002m▲ 0.8%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€0.004m€0.01m€0.006m€0.009m€0.5m-€0.06m-€0.02m▲ 65.3%
+ Depreciation and write-downs630€0.006m€0.006m€0.006m€0.007m€0.002m€0.03m€0.03m▲ 11.7%
Operating cash flow (approximation)€0.01m€0.02m€0.01m€0.02m€0.5m-€0.04m€0.009m▲ 125%
Investment in fixed assets (approximation)--€0.01m-€0.01m€0-€1.0m-€0.2m€0▲ 100%
Change in cash-€0.003m-€0.003m€0.003m€0.5m-€0.6m€0.01m▲ 102%

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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