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SULMON

Active
Public limited companyfounded 199827 yrs activeMaalbeekstraat 2, 8790 Waregem, BelgiumKBO/BCE: BE 0464.755.011
Summary

SULMON has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.9m and a net result of €273,728. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 9138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
SULMONActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46841NACE 46739NACE 46741
1 site
Size
€4.1mtotal assets 2025
Staff
2 FTE
Equity
€3.9m
Profit
€273,728
Turnover not published (abridged schema)
Financial health
97 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
ESSELLE · 99.6%
Accounts 50 d early0 of 8 deeds read
Why 97+ Liquidity: current ratio 20.07, cash €1.1m+ Size: 2 FTE, total assets €4.1m+ Founded in 1998+ Equity €3.9m (95.4% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Better than 75% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 95.4% of total assets
Liquidity 83+25
short-term debt 4.4% · cash 26.2%
Profitability 77-1
return on assets 6.7%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,775 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%▲ +7.1% vs 02-2025 04-2025: < 0.1%▲ +10.0% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%▲ +9.1% vs 05-2025 07-2025: < 0.1%▲ +13.9% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -2.4% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%▲ +7.5% vs 03-2026 05-2026: < 0.1%▲ +2.3% vs 04-2026highest value 06-2026: < 0.1%● 0.0% vs 05-2026highest value 07-2026: < 0.1%▼ -47.7% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 20.07, cash €1.1m lowers the probability
  • Size: 2 FTE, total assets €4.1m lowers the probability for this profile
  • Founded in 1998 lowers the probability for this profile
  • Equity €3.9m (95.4% of total assets) lowers the probability
Credit up to €370,000 at 30 days acceptable
Liquidity ample (current ratio 20.07 against 7.65 in 2024; short-term debt: 4.4% and cash: 26.2% of total assets), and 4.6% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 90%, liquidity 84%, profitability 67%, growth against the median 60%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 20.07, cash €1.1m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: 2 FTE, total assets €4.1m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1998
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €3.9m (95.4% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 d early
2024
57 d early
2023
47 d early
2022
22 d early
2021
23 d early
2020
34 d early
2019
25 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 37 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 15 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Liquidity triplescurrent ratio 20.07
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Among the best 5% on solvencysector median 43.6% · 9,138 companies 95.4% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €273,728 8 years View
  • Controlled by ESSELLE 99.6% View

By topic

Financials

Fiscal year
2025
Total assets
€4.1m
Profit
€273,728
Solvency
95.4%
Total assets▼ 0.6%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 11-06-2026Annual accounts filed
  2. 31-12-2025Liquidity triples
  3. 04-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46841
Founded
14-12-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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