SUMEX STEEL ENGINEERING

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SUMEX STEEL ENGINEERING is 0.8% (low). The 2023 annual accounts show equity of €111k and a net result of €36k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 3026 sector peers (fiscal year 2023). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 397 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-07-2025, 336 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	02-07-2025	336 d late	2025-00217088
31-12-2022	31-07-2023	31-10-2023	92 d late	2023-00506064
31-12-2020	31-07-2021	28-02-2022	212 d late	2022-06700043
31-12-2019	31-07-2020	25-11-2020	117 d late	2020-71700339
31-12-2018	31-07-2019	29-10-2019	90 d late	2019-71600382
31-12-2017	31-07-2018	30-09-2018	61 d late	2018-66300391
31-12-2016	31-07-2017	10-10-2017	71 d late	2017-66800407
31-12-2015	31-07-2016	24-10-2016	85 d late	2016-66000123
31-12-2014	31-07-2015	28-09-2015	59 d late	2015-60100073
31-12-2013	31-07-2014	23-09-2014	54 d late	2014-59300036

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2009, 17 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.8% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Long track record −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€36k

Working capital€107k+55.4%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 02-07-2025 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, gross margin would indicatively turn negative around fiscal year 2024, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	40.0%	25.2%	better than 62% of 3026 sector peers
Net result	€36k	€4k	better than 83% of 3016 sector peers
Equity	€111k	€20k	better than 83% of 3037 sector peers
Gross operating margin	€44k	€18k	better than 68% of 3006 sector peers
Total assets	€277k	€102k	better than 76% of 3026 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P62

Stable position over 2020-2023 · n=977-3026

Net result P83

Improving position over 2020-2023 · n=974-3016

Equity P83

Stable position over 2020-2023 · n=981-3037

Gross operating margin P68

Improving position over 2020-2023 · n=972-3006

Describes the position versus peers, not a forecast.

EBITDA

€41k

- 18-23

Net profit

€36k

- 18-23

Cash flow

€38k

- 18-23

Total assets

€277k

+14.2% 18-23

Equity

€111k

+48.7% 18-23

Working capital

€107k

+55.4% 18-23

Income taxes

€334

+0.6% 18-23

Debt

€166k

-1.1% 18-23

Show 8 other metrics

Debt ≤ 1y

€165k

-1.3% 18-23

Current ratio

1.65

+16.7% 18-23

Quick ratio

1.65

+16.7% 18-23

Solvency

40.0%

+30.2% 18-23

Debt / equity

1.50

-33.5% 18-23

ROE

32.8%

- 18-23

ROA

13.1%

- 18-23

Interest coverage

15.24

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€41k
Net profit	€36k
Cash flow	€38k
Staff costs	-
Income taxes	€334
Dividends	-
Total assets	€277k
Equity	€111k
Debt	€166k
of which ≤ 1y	€165k
of which > 1y	-
Working capital	€107k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.65
Quick ratio	1.65
Working capital ratio	38.5%
Solvency	40.0%
Debt / equity	1.50
Long-term debt ratio	-
Interest coverage	15.24
Gross margin	-
Net margin	-
ROA	13.1%
ROE	32.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €5k · 1.8% Current assets €272k · 98.2%

Equity & liabilities

Equity €111k · 40.0% Debt €166k · 60.0%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€277k
Fixed assets	21/28	€5k
Tangible fixed assets	22/27	€4k
Financial fixed assets	28	€495
Current assets	29/58	€272k
Amounts receivable within one year	40/41	€243k
Cash & bank	54/58	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€277k
Equity	10/15	€111k
Contributions / capital	10/11	€32k
Reserves	13	€4k
Accumulated profits (losses)	14	€75k
Amounts payable	17/49	€166k
Amounts payable within one year	42/48	€165k
Trade debts payable within one year	44	€109k
Income statement
Gross operating margin	9900	€44k
Operating result	9901	€39k
Financial income	75	€3
Financial charges	65	€3k
Result before taxes	9903	€37k
Income taxes	67/77	€334
Net result for the period	9904	€36k
Result to be appropriated	9905	€36k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

approximate (street level) On OpenStreetMap

56 companies at this address See who is registered here

Establishment units

1 location

Lambroekstraat 5A, 1831 Machelen (Brab.)

Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen

since 20092.175.953.191

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area9,589 m²

Buildings2

Building footprint2,433 m²

Volume (LiDAR)37,315 m³

Tallest building19.1 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23015B0073/00A000	Flanders	5,496 m²	1 · 1,193 m²	18.1 m · 5 fl.
23015B0074/00C000	Flanders	4,093 m²	1 · 1,240 m²	19.1 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 100

Solvency 76

Growth 52

Stability 100

Credit advice

verdict per customer and amount

Similar

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Comparable size, same sector

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We hold annual accounts for 133 of the 1,074 companies in this sector. 103 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen46140Groothandel in elektrisch materiaal, inclusief installatiemateriaal46643Groothandel in andere machines en werktuigen, neg46649Groothandel in metalen en metaalertsen46820Groothandel in andere intermediaire producten, neg46869Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameFR

SUMEX STEEL ENGINEERING

Registered office

Lambroekstraat 5/A

1831 Machelen (Brab.), Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.