SUKHOTHAI
ActiveSummary
SUKHOTHAI has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,179 and a net result of €16,394. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 4711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency51▲+29
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 4.58 against 2.68 in 2024; short-term debt: 20.3% and cash: 41.6% of total assets), but 73.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
26.2%
Return on assets
28.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
26 d late
2024
7 d late
2023
29 d late
2022
67 d late
2021
29 d late
2020
11 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed 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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,179
2024 · -€1,214
Total assets
€57,856▲ 31.9%
2024 · €43,866
Net result
€16,394▲ 40.3%
2024 · €11,682
Working capital
€42,038▲ 65.9%
2024 · €25,342
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,714▲ 274%-€5,976-€7,449▼ 24.6%€12,597€17,455▲ 38.6%
Net result€17,155above the sector's middle half▲ 318%-€6,975below the sector's middle half-€8,526below the sector's middle half▼ 22.2%€11,682within the sector's middle half€16,394above the sector's middle half▲ 40.3%
Equity€2,605within the sector's middle half-€4,370within the sector's middle half-€12,896below the sector's middle half▼ 195%-€1,214within the sector's middle half▲ 90.6%€15,179within the sector's middle half
Total assets€55,032within the sector's middle half▲ 167%€43,541within the sector's middle half▼ 20.9%€36,278within the sector's middle half▼ 16.7%€43,866within the sector's middle half▲ 20.9%€57,856within the sector's middle half▲ 31.9%
Debt€52,427▲ 49.0%€47,911▼ 8.6%€49,175▲ 2.6%€45,080▼ 8.3%€42,676▼ 5.3%
Working capital€26,984within the sector's middle half€19,762within the sector's middle half▼ 26.8%€12,517within the sector's middle half▼ 36.7%€25,342within the sector's middle half▲ 102%€42,038above the sector's middle half▲ 65.9%
Solvency4.7%within the sector's middle half▲ 75.2pp-10.0%within the sector's middle half▼ 14.8pp-35.5%below the sector's middle half▼ 25.5pp-2.8%within the sector's middle half▲ 32.8pp26.2%within the sector's middle half▲ 29.0pp
Current ratio2.20within the sector's middle half▲ 1.812.10within the sector's middle half▼ 0.101.65within the sector's middle half▼ 0.452.68above the sector's middle half▲ 1.034.58above the sector's middle half▲ 1.90
Return on assets (ROA)31.2%above the sector's middle half▲ 11.3pp-16.0%below the sector's middle half▼ 47.2pp-23.5%below the sector's middle half▼ 7.5pp26.6%above the sector's middle half▲ 50.1pp28.3%above the sector's middle half▲ 1.7pp
Staff (FTE)1=1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57,856
Fixed assets
€4,071 ▲ 18.2%
Current assets
€53,785 ▲ 33.1%
Equity and liabilities €57,856
Equity
€15,179
Debt
€42,676
Debt finances 73.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€17,761▲
2024 · €13,740
Cash flow
€16,699▲
2024 · €12,824
Debt to equity
2.81▲
2024 · -37.12
ROE
108.0%
Interest coverage
10.98▼
2024 · 15.01
Debt ≤ 1 year
€11,747▼
2024 · €15,080
Debt > 1 year
€30,000=
2024 · €30,000
Staff costs
€28,258▲
2024 · €26,658
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 6,706 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €15,424 | €24,025 | €24,912 | €26,658 | €28,258 | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,466 | €1,282 | €1,282 | €1,142 | €306 | ▼ 73.3% |
| Other operating charges640/8 | €928 | €582 | €933 | €969 | €994 | ▲ 2.6% |
| Gross operating margin9900 | €36,532 | €19,912 | €19,677 | €41,366 | €47,012 | ▲ 13.6% |
| Operating profit (loss)9901 | €17,714 | -€5,976 | -€7,449 | €12,597 | €17,455 | ▲ 38.6% |
| Financial income75/76B | €189 | €61 | €64 | €0 | €556 | ▲ 5,556,900% |
| Recurring financial income75 | €189 | €61 | €64 | €0 | €556 | ▲ 5,556,900% |
| Financial charges65/66B | €749 | €1,060 | €1,141 | €915 | €1,617 | ▲ 76.7% |
| Recurring financial charges65 | €749 | €1,060 | €1,141 | €915 | €1,617 | ▲ 76.7% |
| Profit (loss) for the period before taxes9903 | €17,155 | -€6,975 | -€8,526 | €11,682 | €16,394 | ▲ 40.3% |
| Profit (loss) for the period9904 | €17,155 | -€6,975 | -€8,526 | €11,682 | €16,394 | ▲ 40.3% |
| Profit (loss) for the period to be appropriated9905 | €17,155 | -€6,975 | -€8,526 | €11,682 | €16,394 | ▲ 40.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,032 | €43,541 | €36,278 | €43,866 | €57,856 | ▲ 31.9% |
| Fixed assets21/28 | €5,621 | €5,868 | €4,586 | €3,444 | €4,071 | ▲ 18.2% |
| Tangible fixed assets22/27 | €2,771 | €3,018 | €1,736 | €594 | €1,221 | ▲ 105% |
| Plant, machinery and equipment23 | €2,771 | €1,999 | €1,227 | €594 | €1,221 | ▲ 105% |
| Furniture and vehicles24 | - | €1,019 | €510 | €0 | - | - |
| Financial fixed assets28 | €2,850 | €2,850 | €2,850 | €2,850 | €2,850 | = |
| Current assets29/58 | €49,411 | €37,673 | €31,692 | €40,422 | €53,785 | ▲ 33.1% |
| Amounts receivable within one year40/41 | €3,248 | €7,303 | €11,494 | €11,513 | €27,796 | ▲ 141% |
| Trade receivables40 | €174 | €399 | €3,756 | €3,783 | - | - |
| Other amounts receivable41 | €3,074 | €6,904 | €7,738 | €7,730 | €27,796 | ▲ 260% |
| Cash at bank and in hand54/58 | €45,750 | €29,854 | €20,183 | €27,132 | €24,097 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | €413 | €516 | €15 | €1,777 | €1,892 | ▲ 6.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,032 | €43,541 | €36,278 | €43,866 | €57,856 | ▲ 31.9% |
| Equity10/15 | €2,605 | -€4,370 | -€12,896 | -€1,214 | €15,179 | ▲ 1,350% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | -€27,395 | -€34,370 | -€42,896 | -€31,214 | -€14,821 | ▲ 52.5% |
| Amounts payable17/49 | €52,427 | €47,911 | €49,175 | €45,080 | €42,676 | ▼ 5.3% |
| Amounts payable after more than one year17 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Financial debts170/4 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Amounts payable within one year42/48 | €22,427 | €17,911 | €19,175 | €15,080 | €11,747 | ▼ 22.1% |
| Trade debts44 | €3,383 | €429 | €3,725 | €1,763 | €2,872 | ▲ 62.9% |
| Suppliers440/4 | €3,383 | €429 | €3,725 | €1,763 | €2,872 | ▲ 62.9% |
| Taxes, remuneration and social security45 | €9,292 | €12,426 | €10,942 | €9,965 | €6,983 | ▼ 29.9% |
| Taxes450/3 | €6,070 | €7,997 | €7,699 | €6,285 | €2,935 | ▼ 53.3% |
| Remuneration and social security454/9 | €3,221 | €4,429 | €3,243 | €3,681 | €4,048 | ▲ 10.0% |
| Other amounts payable47/48 | €9,752 | €5,056 | €4,508 | €3,351 | €1,892 | ▼ 43.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €930 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,155 | -€6,975 | -€8,526 | €11,682 | €16,394 | ▲ 40.3% |
| + Depreciation and write-downs630 | €2,466 | €1,282 | €1,282 | €1,142 | €306 | ▼ 73.3% |
| Operating cash flow (approximation) | €19,621 | -€5,694 | -€7,244 | €12,824 | €16,699 | ▲ 30.2% |
| Investment in fixed assets (approximation) | - | -€1,529 | €0 | €0 | -€932 | - |
| Change in cash | - | -€15,897 | -€9,671 | €6,949 | -€3,035 | ▼ 144% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
20-07
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 10-07-2026
- Registered-office move, Kruisschanslei 12,2550 Kontich
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
31-12
Financial
Back to profitnet €11,682
Net result €11,682 after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€8,526
Net result drops to -€8,526, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €17,155 ▲318%
Operating result €17,714, net result €17,155, both a record.
31-12
Financial
Liquidity times 6current ratio 2.20
Current ratio from 0.40 to 2.20; short-term debt falls from €35,184 to €22,427.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4,102
Net result €4,102 after 2 loss-making years.
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2016
Ground area
127 m²
Building footprint
57 m²
Volume, LiDAR
355 m³
Parcel 11024F0052/00S003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SUKHOTHAI
since 20162.264.906.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0052/00S003 | Flanders | 127 m² | 1 · 57 m² | 7.2 m · 2 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.
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Of 6,710 companies in sector 96230 we hold annual accounts for 628. 436 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0663552650
Also
9925:BE0663552650
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.