SULTAN
ActiveSummary
SULTAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,558) and a net result of €5,758. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 25% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-5
Solvency14▲+12
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.29 in 2024; short-term debt: 110.9% and cash: 42.4% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
-10.9%
Return on assets
13.7%
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 25% of 4695 sector peers (2025).
NBB · sector comparisonPosition among 4695 sector peers
Solvency
better than 25%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
28 d late
2023
21 d late
2022
31 d late
2021
54 d late
2020
27 d late
2019
24 d late
← 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 25 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€4,558▲ 55.8%
2024 · -€10,316
Total assets
€41,884▼ 8.3%
2024 · €45,684
Net result
€5,758▼ 29.1%
2024 · €8,123
Working capital
-€28,683▲ 28.1%
2024 · -€39,920
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€656€5,547▲ 746%-€8,843€8,470€5,913▼ 30.2%
Net result€275within the sector's middle half€5,075within the sector's middle half▲ 1,746%-€9,349below the sector's middle half€8,123within the sector's middle half€5,758within the sector's middle half▼ 29.1%
Equity-€14,165below the sector's middle half▲ 1.9%-€9,089below the sector's middle half▲ 35.8%-€18,439below the sector's middle half▼ 103%-€10,316below the sector's middle half▲ 44.1%-€4,558below the sector's middle half▲ 55.8%
Total assets€58,865within the sector's middle half▲ 22.7%€46,990within the sector's middle half▼ 20.2%€41,008within the sector's middle half▼ 12.7%€45,684within the sector's middle half▲ 11.4%€41,884within the sector's middle half▼ 8.3%
Debt€73,029▲ 17.0%€56,079▼ 23.2%€59,447▲ 6.0%€56,000▼ 5.8%€46,441▼ 17.1%
Working capital-€50,143▲ 8.8%-€50,069▲ 0.1%-€53,521▼ 6.9%-€39,920▲ 25.4%-€28,683▲ 28.1%
Solvency-24.1%below the sector's middle half▲ 6.0pp-19.3%below the sector's middle half▲ 4.7pp-45.0%below the sector's middle half▼ 25.6pp-22.6%below the sector's middle half▲ 22.4pp-10.9%below the sector's middle half▲ 11.7pp
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
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,884
Fixed assets
€24,125 ▼ 18.5%
Current assets
€17,759 ▲ 10.4%
Key figures and ratios
EBITDA
€11,392▼
2024 · €13,949
Cash flow
€11,237▼
2024 · €13,602
Current ratio
0.38▲
2024 · 0.29
Debt to equity
-10.19▼
2024 · -5.43
ROA
13.7%▼
2024 · 17.8%
Interest coverage
67.78▲
2024 · 40.23
Debt ≤ 1 year
€46,441▼
2024 · €56,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% 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 497,058 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% | 1.6% |
| 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 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 3,799 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,438 | €5,377 | €5,897 | €5,479 | €5,479 | = |
| Other operating charges640/8 | €3,137 | €1,314 | €598 | €602 | €706 | ▲ 17.2% |
| Gross operating margin9900 | €9,231 | €12,238 | -€2,348 | €14,551 | €12,097 | ▼ 16.9% |
| Operating profit (loss)9901 | €656 | €5,547 | -€8,843 | €8,470 | €5,913 | ▼ 30.2% |
| Financial income75/76B | €2 | €11 | €0 | - | €13 | - |
| Recurring financial income75 | €2 | €11 | €0 | - | €13 | - |
| Financial charges65/66B | €383 | €482 | €506 | €347 | €168 | ▼ 51.5% |
| Recurring financial charges65 | €383 | €482 | €506 | €347 | €168 | ▼ 51.5% |
| Profit (loss) for the period before taxes9903 | €275 | €5,075 | -€9,349 | €8,123 | €5,758 | ▼ 29.1% |
| Profit (loss) for the period9904 | €275 | €5,075 | -€9,349 | €8,123 | €5,758 | ▼ 29.1% |
| Profit (loss) for the period to be appropriated9905 | €275 | €5,075 | -€9,349 | €8,123 | €5,758 | ▼ 29.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,865 | €46,990 | €41,008 | €45,684 | €41,884 | ▼ 8.3% |
| Fixed assets21/28 | €35,978 | €40,980 | €35,083 | €29,604 | €24,125 | ▼ 18.5% |
| Tangible fixed assets22/27 | €35,978 | €40,980 | €35,083 | €29,604 | €24,125 | ▼ 18.5% |
| Land and buildings22 | €27,700 | €24,401 | €21,102 | €17,803 | €14,503 | ▼ 18.5% |
| Plant, machinery and equipment23 | €8,278 | €16,579 | €13,981 | €11,801 | €9,622 | ▼ 18.5% |
| Current assets29/58 | €22,886 | €6,010 | €5,925 | €16,080 | €17,759 | ▲ 10.4% |
| Amounts receivable within one year40/41 | €352 | €974 | €2,473 | €921 | €0 | ▼ 100% |
| Other amounts receivable41 | €352 | €974 | €2,473 | €921 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €22,243 | €5,036 | €3,452 | €15,160 | €17,759 | ▲ 17.1% |
| Deferred charges and accrued income490/1 | €291 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,865 | €46,990 | €41,008 | €45,684 | €41,884 | ▼ 8.3% |
| Equity10/15 | -€14,165 | -€9,089 | -€18,439 | -€10,316 | -€4,558 | ▲ 55.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€32,765 | -€27,689 | -€37,039 | -€28,916 | -€23,158 | ▲ 19.9% |
| Amounts payable17/49 | €73,029 | €56,079 | €59,447 | €56,000 | €46,441 | ▼ 17.1% |
| Amounts payable within one year42/48 | €73,029 | €56,079 | €59,447 | €56,000 | €46,441 | ▼ 17.1% |
| Trade debts44 | €8,890 | €15,310 | €1,276 | €2,180 | €221 | ▼ 89.8% |
| Suppliers440/4 | €8,890 | €15,310 | €1,276 | €2,180 | €221 | ▼ 89.8% |
| Taxes, remuneration and social security45 | €1,835 | - | €2,739 | €1,558 | €388 | ▼ 75.1% |
| Taxes450/3 | €1,835 | - | €2,739 | €1,558 | €388 | ▼ 75.1% |
| Other amounts payable47/48 | €62,304 | €40,770 | €55,433 | €52,262 | €45,831 | ▼ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €275 | €5,075 | -€9,349 | €8,123 | €5,758 | ▼ 29.1% |
| + Depreciation and write-downs630 | €5,438 | €5,377 | €5,897 | €5,479 | €5,479 | = |
| Operating cash flow (approximation) | €5,713 | €10,453 | -€3,452 | €13,602 | €11,237 | ▼ 17.4% |
| Investment in fixed assets (approximation) | - | -€10,379 | €0 | €0 | €0 | - |
| Change in cash | - | -€17,207 | -€1,584 | €11,708 | €2,599 | ▼ 77.8% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €8,123
Net result €8,123 after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Weakest financial yearnet -€9,349
Net result drops to -€9,349, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Back to profitnet €275
Net result €275 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Beringen · 1 establishment unit since 2005
Ground area
1,434 m²
Building footprint
294 m²
Volume, LiDAR
1,368 m³
Parcel 71522C0651/00M000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SULTAN BVBA
since 20052.147.149.141
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522C0651/00M000 | Flanders | 1,434 m² | 1 · 294 m² | 9.8 m · 1 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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Hasselt
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 998 companies in sector 96102 we hold annual accounts for 458. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
96102Launderettes and laundries for private customers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873157574
Also
9925:BE0873157574
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.