SUMMA
ActiveSummary
SUMMA has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199.3m and a net result of €7.5m. Equity is growing by about 6.8% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, full format
Turnover
€1.4m▲ 11.7%
2024 · €1.3m
EBIT margin
-22.0%▼ 213.4pp
2024 · 191.4%
Net result
€7.5m▼ 9.4%
2024 · €8.3m
Working capital
€59.6m▲ 3.3%
2024 · €57.7m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €310,615 after €2.4m in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€1.4m
2025
Operating result-€0.3m
2025
Net result€7.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€235.5m
2025
Equity€199.3m
2025
Debt€36.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€59.6m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-22.0%
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)7.9
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.6m-€1.8m▲ 10.2%€1.5m▼ 15.6%€1.3m▼ 17.3%€1.3m▲ 5.5%€1.5m▲ 9.8%€1.3m▼ 13.5%€1.4m▲ 11.7%
Operating result-€0.04m-€3.5m€1.9m▼ 46.0%-€0.7m€0.1m-€0.2m€2.4m-€0.3m
Net result-€1.6m--€22.8m▼ 1,307%€8.2m€13.1m▲ 59.8%€25.3m▲ 93.4%€23.2m▼ 8.3%€8.3m▼ 64.1%€7.5m▼ 9.4%
EBIT margin-2.7%-194.5%▲ 197.2pp124.5%▼ 70.0pp-59.2%▼ 183.7pp8.0%▲ 67.3pp-15.3%▼ 23.3pp191.4%▲ 206.7pp-22.0%▼ 213.4pp
Equity€151.8m-€129.0m▼ 15.0%€137.2m▲ 6.3%€150.2m▲ 9.5%€175.5m▲ 16.8%€183.4m▲ 4.5%€191.8m▲ 4.5%€199.3m▲ 3.9%
Total assets€221.1m-€192.6m▼ 12.9%€216.8m▲ 12.6%€223.0m▲ 2.9%€230.8m▲ 3.5%€232.1m▲ 0.6%€226.1m▼ 2.6%€235.5m▲ 4.2%
Debt€69.4m-€63.6m▼ 8.2%€79.7m▲ 25.2%€72.8m▼ 8.6%€55.3m▼ 24.0%€48.7m▼ 12.0%€34.3m▼ 29.6%€36.2m▲ 5.7%
Working capital€21.0m-€5.2m▼ 75.2%€11.7m▲ 126%€19.0m▲ 61.6%€52.2m▲ 175%€57.6m▲ 10.5%€57.7m▲ 0.1%€59.6m▲ 3.3%
Staff (FTE)11.5-11.5=10.5▼ 8.7%8.5▼ 19.0%8.5=7.9▼ 7.1%7.9=7.9=
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235.5m
Fixed assets
€166.6m ▲ 4.5%
Current assets
€69.0m ▲ 3.4%
Equity and liabilities €235.5m
Equity
€199.3m ▲ 3.9%
Debt
€36.2m ▲ 5.7%
Debt's share of the balance-sheet total rises from 15.2% to 15.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€288,287▼
2024 · €2.4m
Cash flow
€7.6m▼
2024 · €8.3m
Current ratio
7.39▼
2024 · 7.45
Quick ratio
7.39▼
2024 · 7.45
Debt to equity
0.18▲
2024 · 0.18
ROE
3.8%▼
2024 · 4.3%
ROA
3.2%▼
2024 · 3.7%
Interest coverage
-0.14▼
2024 · 1.16
Debt ≤ 1 year
€9.3m▲
2024 · €9.0m
Debt > 1 year
€26.9m▲
2024 · €25.3m
Income taxes
€261,664▼
2024 · €325,311
Staff costs
€864,882▼
2024 · €877,888
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.3m | €1.8m | €1.8m | €4.5m | €1.4m | ▼ 68.8% |
| Turnover70 | €1.6m | €1.8m | €1.5m | €1.3m | €1.3m | €1.5m | €1.3m | €1.4m | ▲ 11.7% |
| Other operating income74 | - | - | - | €0.004m | €0.4m | €0.3m | €3.3m | - | - |
| Operating charges60/66A | - | - | - | €2.0m | €1.6m | €2.0m | €2.1m | €1.7m | ▼ 18.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.1m | €0.2m | €0.3m | €0.1m | €0.1m | ▲ 1.4% |
| Purchases600/8 | - | - | - | €0.1m | €0.2m | €0.3m | €0.1m | €0.1m | ▲ 1.4% |
| Services and other goods61 | - | - | - | €0.4m | €0.4m | €0.8m | €0.6m | €0.5m | ▼ 11.8% |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.8m | €0.8m | €0.9m | €0.9m | ▼ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.07m | €0.09m | €0.09m | €0.07m | €0.04m | €0.02m | €0.02m | ▲ 0.1% |
| Other operating charges640/8 | - | - | - | €0.7m | €0.2m | €0.06m | €0.4m | €0.1m | ▼ 68.2% |
| Operating profit (loss)9901 | -€0.04m | €3.5m | €1.9m | -€0.7m | €0.1m | -€0.2m | €2.4m | -€0.3m | - |
| Financial income75/76B | - | - | - | €25.3m | €48.7m | €100.4m | €8.5m | €10.6m | ▲ 24.5% |
| Recurring financial income75 | €5.2m | €4.8m | €11.2m | €25.3m | €48.7m | €29.4m | €7.9m | €10.6m | ▲ 33.8% |
| Income from financial fixed assets750 | - | - | - | €22.7m | €45.8m | €22.7m | €2.7m | €6.8m | ▲ 152% |
| Income from current assets751 | - | - | - | €0.9m | €2.5m | €5.0m | €5.2m | €3.8m | ▼ 27.2% |
| Other financial income752/9 | - | - | - | €1.7m | €0.4m | €1.7m | €1 | €0.01m | ▲ 9,448× |
| Non-recurring financial income76B | - | - | - | - | - | €71.1m | €0.6m | - | - |
| Financial charges65/66B | - | - | - | €11.4m | €23.5m | €77.1m | €2.3m | €2.5m | ▲ 9.1% |
| Recurring financial charges65 | €4.1m | €14.7m | €3.5m | €4.1m | €3.9m | €2.0m | €2.3m | €2.2m | ▼ 2.0% |
| Debt charges650 | €2.7m | €2.3m | €3.0m | €2.6m | €2.7m | €1.7m | €2.1m | €2.0m | ▼ 3.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €0.7m | €0.5m | -€0.6m | -€5.8m | €0.08m | - |
| Other financial charges652/9 | - | - | - | €0.8m | €0.7m | €0.9m | €6.0m | €0.1m | ▼ 98.3% |
| Non-recurring financial charges66B | - | - | - | €7.3m | €19.6m | €75.0m | - | €0.3m | - |
| Profit (loss) for the period before taxes9903 | -€1.6m | -€22.7m | €8.2m | €13.1m | €25.3m | €23.2m | €8.6m | €7.8m | ▼ 9.8% |
| Income taxes67/77 | €0.004m | €0.02m | - | €0.01m | €0.03m | -€0.002m | €0.3m | €0.3m | ▼ 19.6% |
| Taxes670/3 | - | - | - | €0.01m | €0.04m | €0.01m | €0.3m | €0.3m | ▼ 19.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.001m | €0.009m | €0.01m | - | - | - |
| Profit (loss) for the period9904 | -€1.6m | -€22.8m | €8.2m | €13.1m | €25.3m | €23.2m | €8.3m | €7.5m | ▼ 9.4% |
| Profit (loss) for the period to be appropriated9905 | -€1.6m | -€22.8m | €8.2m | €13.1m | €25.3m | €23.2m | €8.3m | €7.5m | ▼ 9.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €221.1m | €192.6m | €216.8m | €223.0m | €230.8m | €232.1m | €226.1m | €235.5m | ▲ 4.2% |
| Fixed assets21/28 | €185.6m | €166.4m | €192.7m | €192.3m | €172.7m | €159.2m | €159.4m | €166.6m | ▲ 4.5% |
| Intangible fixed assets21 | - | - | €0.04m | €0.02m | €0.002m | - | - | - | - |
| Tangible fixed assets22/27 | €0.2m | €0.3m | €0.2m | €0.1m | €0.1m | €0.09m | €0.1m | €0.07m | ▼ 23.0% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.09m | €0.1m | €0.07m | ▼ 23.0% |
| Financial fixed assets28 | €185.3m | €166.1m | €192.5m | €192.2m | €172.5m | €159.1m | €159.3m | €166.5m | ▲ 4.5% |
| Affiliated companies280/1 | - | - | - | €166.3m | €144.5m | €134.7m | €132.3m | €127.3m | ▼ 3.8% |
| Participating interests280 | - | - | - | €108.1m | €93.5m | €89.8m | €90.7m | €90.2m | ▼ 0.5% |
| Amounts receivable281 | - | - | - | €58.3m | €51.0m | €44.9m | €41.6m | €37.1m | ▼ 10.9% |
| Companies linked by participating interests282/3 | - | - | - | €13.7m | €13.7m | €13.9m | €13.5m | €23.9m | ▲ 77.2% |
| Participating interests282 | - | - | - | €13.7m | €13.7m | €13.5m | €13.5m | €18.7m | ▲ 38.4% |
| Amounts receivable283 | - | - | - | €0.06m | - | €0.4m | - | €5.2m | - |
| Other financial fixed assets284/8 | - | - | - | €12.1m | €14.3m | €10.5m | €13.5m | €15.3m | ▲ 13.3% |
| Shares284 | - | - | - | €10.7m | €12.2m | €7.7m | €10.0m | €12.5m | ▲ 24.3% |
| Amounts receivable and cash guarantees285/8 | - | - | - | €1.4m | €2.1m | €2.8m | €3.5m | €2.8m | ▼ 18.6% |
| Current assets29/58 | €35.5m | €26.3m | €24.1m | €30.7m | €58.2m | €73.0m | €66.7m | €69.0m | ▲ 3.4% |
| Amounts receivable after more than one year29 | - | - | - | €12.6m | €18.9m | €27.2m | €11.1m | €4.7m | ▼ 57.8% |
| Other amounts receivable291 | - | - | - | €12.6m | €18.9m | €27.2m | €11.1m | €4.7m | ▼ 57.8% |
| Stocks and contracts in progress3 | €0.01m | €0.02m | €0.04m | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 61.8% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 61.8% |
| Advance payments36 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | ▲ 61.8% |
| Amounts receivable within one year40/41 | €6.7m | €9.7m | €9.7m | €17.0m | €37.6m | €42.0m | €50.9m | €57.6m | ▲ 13.3% |
| Trade receivables40 | - | - | - | €1.3m | €0.03m | €0.9m | €0.5m | €1.4m | ▲ 213% |
| Other amounts receivable41 | - | - | - | €15.7m | €37.6m | €41.1m | €50.4m | €56.2m | ▲ 11.5% |
| Current investments50/53 | - | - | - | - | - | - | €3.0m | €2.8m | ▼ 7.5% |
| Other investments51/53 | - | - | - | - | - | - | €3.0m | €2.8m | ▼ 7.5% |
| Cash at bank and in hand54/58 | €2.9m | €1.4m | €0.9m | €1.0m | €1.4m | €3.2m | €1.0m | €3.3m | ▲ 227% |
| Deferred charges and accrued income490/1 | - | - | - | €0.08m | €0.3m | €0.6m | €0.7m | €0.6m | ▼ 9.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €221.1m | €192.6m | €216.8m | €223.0m | €230.8m | €232.1m | €226.1m | €235.5m | ▲ 4.2% |
| Equity10/15 | €151.8m | €129.0m | €137.2m | €150.2m | €175.5m | €183.4m | €191.8m | €199.3m | ▲ 3.9% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | €31.6m | €31.6m | €16.4m | €16.4m | €16.4m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €119.9m | €97.1m | €105.3m | €118.3m | €143.6m | €166.8m | €175.1m | €182.6m | ▲ 4.3% |
| Amounts payable17/49 | €69.4m | €63.6m | €79.7m | €72.8m | €55.3m | €48.7m | €34.3m | €36.2m | ▲ 5.7% |
| Amounts payable after more than one year17 | €54.5m | €42.2m | €66.8m | €60.6m | €48.8m | €33.4m | €25.3m | €26.9m | ▲ 6.2% |
| Financial debts170/4 | - | - | - | €8.6m | €3.3m | €1.5m | €1.0m | €0.4m | ▼ 57.1% |
| Credit institutions173 | - | - | - | €2.6m | €2.1m | €1.5m | €1.0m | €0.4m | ▼ 57.1% |
| Other loans174 | - | - | - | €6.0m | €1.3m | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €52.0m | €45.5m | €31.8m | €24.4m | €26.5m | ▲ 8.7% |
| Amounts payable within one year42/48 | €14.5m | €21.1m | €12.4m | €11.7m | €6.0m | €15.3m | €9.0m | €9.3m | ▲ 4.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4.4m | €3.3m | €0.4m | €0.6m | €0.6m | = |
| Trade debts44 | €0.05m | €0.1m | €2.5m | €1.7m | €0.6m | €0.6m | €0.1m | €0.1m | ▲ 8.2% |
| Suppliers440/4 | - | - | - | €1.7m | €0.6m | €0.6m | €0.1m | €0.1m | ▲ 8.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.5m | €0.4m | €0.9m | €0.9m | ▲ 0.2% |
| Taxes450/3 | - | - | - | €0.4m | €0.4m | €0.3m | €0.8m | €0.8m | ▼ 1.3% |
| Remuneration and social security454/9 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 10.5% |
| Other amounts payable47/48 | - | - | - | €5.2m | €1.6m | €13.9m | €7.4m | €7.8m | ▲ 4.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.4m | €0.5m | €0.01m | €0.02m | €0.02m | ▼ 21.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.6m | -€22.8m | €8.2m | €13.1m | €25.3m | €23.2m | €8.3m | €7.5m | ▼ 9.4% |
| + Depreciation and write-downs630 | €0.06m | €0.07m | €0.09m | €0.09m | €0.07m | €0.04m | €0.02m | €0.02m | ▲ 0.1% |
| Operating cash flow (approximation) | -€1.6m | -€22.7m | €8.3m | €13.2m | €25.3m | €23.2m | €8.3m | €7.6m | ▼ 9.4% |
| Investment in fixed assets (approximation) | - | €19.2m | -€26.4m | €0.3m | €19.6m | €13.5m | -€0.2m | -€7.2m | ▼ 2,903% |
| Change in cash | - | -€1.5m | -€0.5m | €0.1m | €0.4m | €1.8m | -€2.2m | €2.3m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 01-06-2026 | 2026-00133321 |
| 31-12-2024 | full format | 10-06-2025 | 2025-00138331 |
| 31-12-2023 | full format | 18-06-2024 | 2024-00146143 |
| 31-12-2022 | full format | 08-06-2023 | 2023-00116816 |
| 31-12-2021 | full format | 02-06-2022 | 2022-20046825 |
| 31-12-2020 | full format | 25-06-2021 | 2021-24500274 |
| 31-12-2019 | full format | 26-06-2020 | 2020-21800226 |
| 31-12-2018 | full format | 18-06-2019 | 2019-19600383 |
| 31-12-2017 | full format | 03-09-2018 | 2018-61100289 |
| 31-12-2016 | full format | 06-07-2017 | 2017-29800491 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.