SULETECH

Active Private limited company (pre-2019)founded 2015active for 11 yearsKraatveldstraat 109, 1120 BrusselsKBO/BCE: BE 0642.809.003

SULETECH

Follow Report Compare

Overview

Lifetime

9 annual accounts with figures on one time axis

Compare with

peak €60,971 (2018)

-€19,339

lowest -€32,466 (2023)

-€26,202

peak €89,957 (2021)

€14,821

€100,627

peak 0 FTE (2017)

-not published

Board1 name since 2015

1 directorSule Ugur

Documentsfilings and deeds

21-08-202621 days late

2025micro format

Loss of €26,202No figures for the year before

Key points

from the 2025 annual accounts

Equity

€14,821 from €89,957 in 2021

Equity fell by 84% in 4 years.

Losses

-€61,558 in three years

Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.

Debts

€100,627 87% of the balance sheet

Suppliers 72%Taxes and wages 4%Other 24%

Investments

€8,993 28.8 × depreciation

Green is investment, beige is depreciation.

Filings

9 annual accounts 9 late

The 2016 accounts came latest: 300 days after the end of the period.

Position in the sector

-€26,202

Lower net result than 95% of companies in specialised construction. Sector median €10,189 · 35,113 companies.

Turnover not published (micro format)

Checked score

Fair

Financially stronger than 11% of micro companies in specialised construction (NACE 43)

Probability in this band: 1.5% to 4.2%

Bankruptcy probability within 12 months 1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.0% 01-2025: 1.9%▼ -0.1 percentage points vs 12-2024 02-2025: 1.9%● unchanged vs 01-2025 03-2025: 1.9%● unchanged vs 02-2025 04-2025: 1.9%● unchanged vs 03-2025 05-2025: 1.9%● unchanged vs 04-2025 06-2025: 1.9%● unchanged vs 05-2025 07-2025: 1.9%● unchanged vs 06-2025 08-2025: 2.3%▲ +0.4 percentage points vs 07-2025 09-2025: 2.5%▲ +0.2 percentage points vs 08-2025 10-2025: 3.8%▲ +1.3 percentage points vs 09-2025 11-2025: 3.9%▲ +0.1 percentage points vs 10-2025 12-2025: 5.3%▲ +1.4 percentage points vs 11-2025 01-2026: 8.0%▲ +2.7 percentage points vs 12-2025 02-2026: 8.1%▲ +0.1 percentage points vs 01-2026 03-2026: 8.4%▲ +0.3 percentage points vs 02-2026 04-2026: 7.8%▼ -0.6 percentage points vs 03-2026 05-2026: 7.5%▼ -0.3 percentage points vs 04-2026 06-2026: 7.1%▼ -0.4 percentage points vs 05-2026 07-2026: 7.1%● unchanged vs 06-2026 08-2026: 8.9%▲ +1.8 percentage points vs 07-2026highest value 09-2026: 1.6%▼ -7.3 percentage points vs 08-2026lowest value 10-2026: 1.6%● unchanged vs 09-2026 11-2026: 1.6%● unchanged vs 10-2026

Financial strength

Weak

38-49equity 12.8% of total assets

21-19short-term debt 87.2% · cash 15.7%

0=return on assets -22.7%

Score breakdown

raises risk

Loss of €26,202, the second in a row (financial year 2025)

Sector: Specialised construction activities (NACE 43)

Last filed accounts filed 21 days late; 1 of the last 3 accounts late

lowers risk

Size: total assets €115,447

Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 16% of them on solvency, 12% on liquidity and 4% on profitability.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 1,294 companies had the same profile as SULETECH has now. Each dot stands for 4 companies, two years later.

89.6%

were still trading

5.9%

stopped another way

4.1%

went bankrupt

Micro
10 to 20 years old
solvency 10 to 30%
a loss of 10% of the balance sheet or more

Another 0.4% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SULETECH itself: 1.6% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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%	0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,294 companies, not a prediction for SULETECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €500 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.99 (2.53 in 2023), below 1. Short-term debt is 87.2% and cash 15.7% of total assets. 87.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.

lowers riskraises risk

Loss of €26,202, the second in a row (financial year 2025)

NBB · annual accounts

Size: total assets €115,447

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Last filed accounts filed 21 days late; 1 of the last 3 accounts late

NBB · filings

Weak solvency compared with the sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 35125 sector peers (2025).

NBB · sector comparison

Position among 35125 sector peers

Solvency

better than 16%

← weakest strongest →

2025 accounts filed 21 days late

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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 9 filings

Deviation from the deadline

2025

21 days late

2023

30 days late

2022

105 days late

2021

3 days late

2020

184 days late

2019

55 days late

2018

23 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 60 days after the deadline. In the sector (NACE 43), the median for financial year 2023 was 1 day before the deadline, and 44% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 74 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

10-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

Sule Ugur

Director, since 10-11-2015

Board & ownership

Recent changes

06-01-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0642809003

10-11-2015

Incorporation published on 13-11-2015 · Gazette deed

10-11-2015

First establishment Kraatveldstraat 109, Brussels

All 14 events

Comparable companies

same main activity, similar in size and age

Company
SULETECH Brussels	€115,447	-€19,339	12.8%	-
B RENOV Brussels	€114,007	-€14,690	56.0%	-
BATI BLOK Brussels	€123,487	-€4,258	44.0%	-
SYNTEC Brussels	€97,677	-€18,598	-173.3%	-
MCS INSTALLATIES Nazareth-De Pinte	€121,349	-€531	33.1%	-
YVO REYGAERTS Bever	€118,627	-€26,890	22.3%	-
EcoFix Watermael-Boitsfort	€111,371	-€8,082	81.2%	-

These companies have the same main activity as SULETECH: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €97,700 and €123,000, founded between 2011 and 2017.

Official details

Source: KBO

Status: Active since 10-11-2015Normal situation
Activity: Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
Establishment unit: 2.247.611.2491120 Brussels, since 10-11-2015
Financial year end: 31 December
Peppol: Reachable since 06-01-2026

Company details

Annual accounts 2025

: -€19,339
: €26,202
: €14,821
: €115,447
Filing: Filed on 21-08-2026

Financials

Insights on SULETECH

SULETECH files the micro format. That format states no turnover. The gross margin fell from €33,541 in 2016 to -€19,339 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 21-08-2026, 21 days late

-€19,339

-€21,448

-€26,202

-€1,278

12.8%

0.99

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €115,447 on 31-12-2025

What the company ownsHow it is paid for

Position in the sector

Compare with sector

12.8%

Higher than 16% of 35,125 companies in 2025.

0.99

Higher than 20% of 34,499 companies in 2025.

-22.7%

Higher than 7% of 34,700 companies in 2025.

SULETECH Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2023	2022	2021	2020	2019	2018	2017	2016
Balance sheet: assets
`20/58`	115,447	87,881	152,399	118,984	127,841	119,820	137,102	63,188	50,066
`21/28`	16,099	9,862	12,620	6,313	13,021	20,302	4,170	4,552	3,440
`22/27`	16,099	9,862	12,620	6,313	13,021	20,302	4,170	4,552	3,440
`23`	502	741	980	6,313	2,416	3,251	4,087	1,720	3,440
`24`	15,597	9,121	11,640	-	10,605	17,051	83	2,832	-
`29/58`	99,349	78,019	139,779	112,671	114,820	99,518	132,932	58,636	46,627
`40/41`	81,274	73,750	139,779	88,070	84,924	87,853	112,447	38,498	33,569
`40`	70,174	73,750	139,779	88,070	76,706	85,563	108,112	37,252	24,063
`41`	11,100	-	-	-	8,218	2,290	4,335	1,246	9,506
`54/58`	18,074	4,269	-	24,601	29,896	11,589	20,485	19,509	13,058
`490/1`	-	-	-	-	-	76	0	629	-
Balance sheet: equity and liabilities
`10/49`	115,447	87,881	152,399	118,984	127,841	119,820	137,102	63,188	50,066
`10/15`	14,821	54,601	87,067	89,957	83,412	76,738	86,489	45,316	36,381
`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`10`	-	6,200	6,200	6,200	-	-	-	-	-
`100`	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`13`	16,860	16,860	16,860	16,860	16,860	16,860	1,860	1,860	1,860
`130/1`	16,860	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	1,860	1,860	1,860	1,860
`1311`	16,860	-	-	-	-	-	-	-	-
`133`	-	16,860	16,860	16,860	16,860	15,000	-	-	-
`14`	-8,239	31,541	64,007	66,897	60,352	53,678	78,429	37,256	28,321
`17/49`	100,627	33,280	65,332	29,027	44,429	43,082	50,613	17,872	13,685
`17`	-	2,411	6,064	4,160	10,672	17,185	-	-	-
`170/4`	-	2,411	6,064	4,160	10,672	17,185	-	-	-
`42/48`	100,627	30,869	59,268	24,867	33,757	25,897	50,613	17,872	13,685
`42`	-	3,653	3,653	-	-	-	-	-	-
`44`	71,966	21,361	37,679	19,257	19,673	22,379	18,667	16,799	13,685
`440/4`	71,966	21,361	37,679	19,257	19,673	22,379	18,667	16,799	13,685
`45`	4,109	320	2,969	5,610	5,991	2,168	-	1,073	-
`450/3`	4,109	320	2,969	5,610	5,991	2,168	-	30	-
`454/9`	-	-	-	-	-	-	-	1,042	-
`47/48`	24,552	5,535	14,967	-	8,093	1,350	31,946	-	-
Income statement
`9900`	-19,339	-16,455	10,165	13,252	26,693	21,999	60,971	34,397	33,541
`62`	-	-	-	-	-	-	5,947	21,941	-
`630`	312	2,758	5,731	6,707	7,844	12,286	919	3,136	2,596
`640/8`	1,797	911	1,319	-	292	1,531	847	242	605
`9901`	-21,448	-20,124	3,115	6,545	18,557	8,182	53,258	9,078	30,340
`75/76B`	727	-	388	-	-	-	-	52	51
`75`	727	-	388	-	-	-	-	52	51
`65/66B`	1,693	199	-	-	1,026	1,449	713	196	210
`65`	1,693	199	-	-	1,026	1,449	713	196	210
`9903`	-22,414	-20,323	3,503	6,545	17,531	6,733	52,545	8,935	30,181
`67/77`	3,788	12,143	6,393	-	10,857	6,003	11,369	-	-
`9904`	-26,202	-32,466	-2,890	6,545	6,674	730	41,176	8,935	30,181
`9905`	-26,202	-32,466	-2,890	6,545	6,674	730	41,176	8,935	30,181
Appropriation of the result
`9906`	-8,239	31,541	64,007	66,897	60,352	53,678	78,429	37,256	30,181
`14P`	17,963	64,007	66,897	60,352	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	1,860
`6920`	-	-	-	-	-	-	-	-	1,860
Social balance sheet
`9087`	-	-	-	-	-	-	-	0	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 21-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 21 days after the deadline. Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00414727.

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	21-08-2026	2026-00414727	PDF
31-12-2023	micro format	30-08-2024	2024-00417334	PDF
31-12-2022	micro format	13-11-2023	2023-00512325	PDF
31-12-2021	micro format	03-08-2022	2022-20266037	PDF
31-12-2020	micro format	31-01-2022	2022-03300264	PDF
31-12-2019	micro format	24-09-2020	2020-57300579	PDF
31-12-2018	micro format	23-08-2019	2019-49700172	PDF
31-12-2017	micro format	30-01-2019	2019-02800421	PDF
31-12-2016	full format	27-05-2018	2018-15000049	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2023	2022	2021	2020	2019	2018	2017	2016
-21,136	-17,366	8,846	13,252	26,401	20,468	54,177	12,214	32,936
-25,891	-29,708	2,841	13,252	14,518	13,016	42,095	12,070	32,777
8,993	0	12,038	-1	563	28,418	537	4,248	6,036
-	-	-	-5,295	18,307	-8,896	976	6,451	-
-1,278	47,150	80,511	87,804	81,063	73,621	82,319	40,764	32,942
12.8%	62.1%	57.1%	75.6%	65.2%	64.0%	63.1%	71.7%	72.7%
0.99	2.53	2.36	4.53	3.40	3.84	2.63	3.28	3.41
6.79	0.61	0.75	0.32	0.53	0.56	0.59	0.39	0.38
-176.8%	-59.5%	-3.3%	7.3%	8.0%	1.0%	47.6%	19.7%	83.0%
-22.7%	-36.9%	-1.9%	5.5%	5.2%	0.6%	30.0%	14.1%	60.3%
-12.48	-87.27	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2023	2022	2021
Tangible fixed assets	€8,993	-	€12,038	-
	€312	€2,758	€5,731	€6,707

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on SULETECH

The operating result for 2025 is a loss of €21,448, against a loss of €20,124 in 2023. Comparable figures for the intervening years are unavailable.

Debt's share of the balance-sheet total is 87.2%.

Board & ownership

Board

1 director

Sule Ugur

Director

since 10-11-2015

listed in the 2023 annual accounts, filed on 30-08-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Sule Ugur
Director

Board

Mandates as a list

Sule Ugur
- Director, from 10-11-2015 to date

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €6,200
Source: 2025 annual accounts

Network & group

No group

SULETECH has no parent and no holdings in its annual accounts. Sule Ugur is the only director. SULETECH shares no director with another company.

Timeline

14 events since 2015

Filings

Financial

Establishments

201620182020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

21-08-2026

Annual accounts 2025 filed NBBmicro format · 21 days late

06-01-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0642809003

2024

30-08-2024

Annual accounts 2023 filed PDFmicro format · 30 days late

2023

31-12-2023

Weakest financial year net -€32,466 The net result drops to -€32,466, the lowest from 2016 to 2025. It recovers the following year.

13-11-2023

Annual accounts 2022 filed PDFmicro format · 105 days late

2022

03-08-2022

Annual accounts 2021 filed PDFmicro format · 3 days late

31-01-2022

Annual accounts 2020 filed PDFmicro format · 184 days late

2020

24-09-2020

Annual accounts 2019 filed PDFmicro format · 55 days late

2019

23-08-2019

Annual accounts 2018 filed PDFmicro format · 23 days late

30-01-2019

Annual accounts 2017 filed PDFmicro format · 183 days late

2018

31-12-2018

Highest result from 2016 to 2025 net €41,176 ▲361% The operating result of €53,258 and the net result of €41,176 are both a record.

27-05-2018

Annual accounts 2016 filed PDFfull format · 300 days late

2015

10-11-2015

Incorporation PDFpublished on 13-11-2015

10-11-2015

First establishment Kraatveldstraat 109, Brussels

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 10 November 2015, SULETECH was incorporated.¹ Total assets went from €137,102 in 2018 to €115,447 in 2025.²

Company details

Identity

Enterprise number: 0642.809.003
VAT number: BE 0642.809.003
Peppol ID: 0208:0642809003
Other Peppol ID: 9925:BE0642809003
Legal form: Private limited company (pre-2019)
Status: Active, normal situation
Founded: 10-11-2015
Financial year: ends on 31 December
Peppol: Reachable since 06-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: SULETECH in French
Entity type: Legal entity

Activities

NACEBEL 2025

VAT activities

43222 Installation of electric heating, air conditioning, cooling and ventilation main activity

43990 Other specialised construction activities

Social security (RSZ) activities

43120 Site preparation main activity

Codes under NACEBEL 2008

43222 Specialised construction activities main activity

43999 Specialised construction activities

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Kraatveldstraat 109 registered office 1120 Brussels	10-11-2015	2.247.611.249

Buildings and parcels at the address

Ground area: 228 m²
Buildings: 79 m²
Volume, LiDAR: 537 m³
Tallest building: 9.9 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

Parcels

Cadastral parcel	Area	Buildings	Height / floors
21819C0032/00G000	228 m²	1 · 79 m²	9.9 m · 3

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0642.809.003

Overview

Lifetime

Key points

Equity

Losses

Debts

Investments

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on SULETECH

Financials

Annual accounts 2025

Balance sheet

Change in equity

Change in cash

Position in the sector

Solvency12.8%

Current ratio0.99

Return on assets-22.7%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SULETECH

Board & ownership

Board

Mandates through the years

Control

Capital

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Invoicing and payment

12.8%

0.99

-22.7%