SULETECH
ActiveSummary
The computed 12-month bankruptcy probability of SULETECH is 2.3% (moderate). The 2025 annual accounts show equity of €15k and a net result of €-26k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 27965 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2023
Profitability0=
Solvency38▼-49
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.99 against 2.53 in 2023; short-term debt: 87.2% and cash: 15.7% of total assets), and 87.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.8%
Return on assets
-22.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2023
30 d late
2022
105 d late
2021
3 d late
2020
184 d late
2019
55 d late
2018
23 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 72.9%
2023 · €55k
2018: €86k
2019: €77k▼ -11.3% vs 2018
2020: €83k▲ +8.7% vs 2019
2021: €90k▲ +7.8% vs 2020highest value
2022: €87k▼ -3.2% vs 2021
2023: €55k▼ -37.3% vs 2022
2025: €15klowest value
2018 → 2025
Total assets
€115k▲ 31.4%
2023 · €88k
2018: €137k
2019: €120k▼ -12.6% vs 2018
2020: €128k▲ +6.7% vs 2019
2021: €119k▼ -6.9% vs 2020
2022: €152k▲ +28.1% vs 2021highest value
2023: €88k▼ -42.3% vs 2022lowest value
2025: €115k
2018 → 2025
Net result
€-26k▲ 19.3%
2023 · €-32k
2018: €41khighest value
2019: €730▼ -98.2% vs 2018
2020: €7k▲ +814% vs 2019
2021: €7k▼ -1.9% vs 2020
2022: €-3k▼ -144% vs 2021
2023: €-32k▼ -1023% vs 2022lowest value
2025: €-26k
2018 → 2025
Working capital
€-1k
2023 · €47k
2018: €82k
2019: €74k▼ -10.6% vs 2018
2020: €81k▲ +10.1% vs 2019
2021: €88k▲ +8.3% vs 2020highest value
2022: €81k▼ -8.3% vs 2021
2023: €47k▼ -41.4% vs 2022
2025: €-1klowest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€83k-€90k▲ 7.8%€87k▼ 3.2%€55k▼ 37.3%€15k▼ 72.9%
2020: €83k
2021: €90k▲ +7.8% vs 2020highest value
2022: €87k▼ -3.2% vs 2021
2023: €55k▼ -37.3% vs 2022
2025: €15klowest value
Operating result€19k-€7k▼ 64.7%€3k▼ 52.4%€-20k€-21k▼ 6.6%
2020: €19khighest value
2021: €7k▼ -64.7% vs 2020
2022: €3k▼ -52.4% vs 2021
2023: €-20k▼ -746% vs 2022
2025: €-21klowest value
Net result€7k-€7k▼ 1.9%€-3k€-32k▼ 1,023%€-26k▲ 19.3%
2020: €7khighest value
2021: €7k▼ -1.9% vs 2020
2022: €-3k▼ -144% vs 2021
2023: €-32k▼ -1023% vs 2022lowest value
2025: €-26k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-21k in 2025, compared with €-20k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €115k
Fixed assets
€16k ▲ 63.2%
Current assets
€99k ▲ 27.3%
Equity and liabilities €115k
Equity
€15k ▼ 72.9%
Debt
€101k ▲ 202%
Debt's share of the balance-sheet total rises from 37.9% to 87.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2023 · €-17k
Cash flow
€-26k▲
2023 · €-30k
Current ratio
0.99▼
2023 · 2.53
Debt to equity
6.79▲
2023 · 0.61
ROE
-176.8%▼
2023 · -59.5%
ROA
-22.7%▲
2023 · -36.9%
Interest coverage
-12.48▲
2023 · -87.27
Debt ≤ 1 year
€101k▲
2023 · €31k
Income taxes
€4k▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2023 · 45 lines
Balance sheet
Code20232025
Assets
Total assets20/58€88k€115k▲
Fixed assets21/28€10k€16k▲
Tangible fixed assets22/27€10k€16k▲
Plant, machinery and equipment23€741€502▼
Furniture and vehicles24€9k€16k▲
Current assets29/58€78k€99k▲
Amounts receivable within one year40/41€74k€81k▲
Trade receivables40€74k€70k▼
Other amounts receivable41-€11k
Cash at bank and in hand54/58€4k€18k▲
Equity and liabilities
Total equity and liabilities10/49€88k€115k▲
Equity10/15€55k€15k▼
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€17k€17k=
Non-distributable reserves130/1-€17k
Reserves not available under the articles1311-€17k
Distributable reserves133€17k-
Profit (loss) carried forward14€32k€-8k▼
Amounts payable17/49€33k€101k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€31k€101k▲
Current portion of amounts payable after more than one year42€4k-
Trade debts44€21k€72k▲
Suppliers440/4€21k€72k▲
Taxes, remuneration and social security45€320€4k▲
Taxes450/3€320€4k▲
Other amounts payable47/48€6k€25k▲
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€312▼
Other operating charges640/8€911€2k▲
Gross operating margin9900€-16k€-19k▼
Operating profit (loss)9901€-20k€-21k▼
Financial income75/76B-€727
Recurring financial income75-€727
Financial charges65/66B€199€2k▲
Recurring financial charges65€199€2k▲
Profit (loss) for the period before taxes9903€-20k€-22k▼
Income taxes67/77€12k€4k▼
Profit (loss) for the period9904€-32k€-26k▲
Profit (loss) for the period to be appropriated9905€-32k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€-8k▼
Profit (loss) brought forward from the previous period14P€64k€18k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €7k | €6k | €3k | €312 | - |
| Other operating charges640/8 | - | - | €1k | €911 | €2k | - |
| Gross operating margin9900 | €27k | €13k | €10k | €-16k | €-19k | - |
| Operating profit (loss)9901 | €19k | €7k | €3k | €-20k | €-21k | - |
| Financial income75/76B | - | - | €388 | - | €727 | - |
| Recurring financial income75 | - | - | €388 | - | €727 | - |
| Financial charges65/66B | - | - | - | €199 | €2k | - |
| Recurring financial charges65 | €1k | - | - | €199 | €2k | - |
| Profit (loss) for the period before taxes9903 | €18k | €7k | €4k | €-20k | €-22k | - |
| Income taxes67/77 | €11k | - | €6k | €12k | €4k | - |
| Profit (loss) for the period9904 | €7k | €7k | €-3k | €-32k | €-26k | - |
| Profit (loss) for the period to be appropriated9905 | €7k | €7k | €-3k | €-32k | €-26k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128k | €119k | €152k | €88k | €115k | - |
| Fixed assets21/28 | €13k | €6k | €13k | €10k | €16k | - |
| Tangible fixed assets22/27 | €13k | €6k | €13k | €10k | €16k | - |
| Plant, machinery and equipment23 | - | €6k | €980 | €741 | €502 | - |
| Furniture and vehicles24 | - | - | €12k | €9k | €16k | - |
| Current assets29/58 | €115k | €113k | €140k | €78k | €99k | - |
| Amounts receivable within one year40/41 | €85k | €88k | €140k | €74k | €81k | - |
| Trade receivables40 | - | €88k | €140k | €74k | €70k | - |
| Other amounts receivable41 | - | - | - | - | €11k | - |
| Cash at bank and in hand54/58 | €30k | €25k | - | €4k | €18k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128k | €119k | €152k | €88k | €115k | - |
| Equity10/15 | €83k | €90k | €87k | €55k | €15k | - |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | - |
| Capital10 | - | €6k | €6k | €6k | - | - |
| Issued capital100 | - | €19k | €19k | €19k | - | - |
| Uncalled capital101 | - | €12k | €12k | €12k | - | - |
| Reserves13 | €17k | €17k | €17k | €17k | €17k | - |
| Non-distributable reserves130/1 | - | - | - | - | €17k | - |
| Reserves not available under the articles1311 | - | - | - | - | €17k | - |
| Distributable reserves133 | - | €17k | €17k | €17k | - | - |
| Profit (loss) carried forward14 | €60k | €67k | €64k | €32k | €-8k | - |
| Amounts payable17/49 | €44k | €29k | €65k | €33k | €101k | - |
| Amounts payable after more than one year17 | €11k | €4k | €6k | €2k | - | - |
| Financial debts170/4 | - | €4k | €6k | €2k | - | - |
| Amounts payable within one year42/48 | €34k | €25k | €59k | €31k | €101k | - |
| Current portion of amounts payable after more than one year42 | - | - | €4k | €4k | - | - |
| Trade debts44 | €20k | €19k | €38k | €21k | €72k | - |
| Suppliers440/4 | - | €19k | €38k | €21k | €72k | - |
| Taxes, remuneration and social security45 | - | €6k | €3k | €320 | €4k | - |
| Taxes450/3 | - | €6k | €3k | €320 | €4k | - |
| Other amounts payable47/48 | - | - | €15k | €6k | €25k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €7k | €-3k | €-32k | €-26k | - |
| + Depreciation and write-downs630 | €8k | €7k | €6k | €3k | €312 | - |
| Operating cash flow (approximation) | €15k | €13k | €3k | €-30k | €-26k | - |
| Investment in fixed assets (approximation) | - | €1 | €-12k | €0 | - | - |
| Change in cash | - | €-5k | - | - | - | - |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
13-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 105 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 184 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 183 days late
2018
27-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 300 days late
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.
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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, Brussel · 1 establishment unit since 2015
Ground area
228 m²
Building footprint
79 m²
Volume, LiDAR
537 m³
Parcel 21819C0032/00G000, Brussels · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SULETECH
since 20152.247.611.249
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0032/00G000 | Brussels | 228 m² | 1 · 79 m² | 9.9 m · 3 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 9,528 companies in sector 43222 we hold annual accounts for 5,663. 3,102 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 (pre-2019)
Founded10-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.