Financials
- Financial year
- 2024
- Total assets
- €200,140
- Loss
- -€36,688
- Solvency
- 15.3%
Total assets▼ 10.0%
Net result
20182024
SUMMADIS
ActiveSummary
The computed 12-month bankruptcy probability of SUMMADIS is 8.7% (elevated). The annual accounts of SUMMADIS for financial year 2024 show a net loss of 54% of the equity at the start of that year. The 2024 annual accounts show equity of €30,670 and a net result of -€36,688. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 31% of 15,450 sector peers (NACE 46, financial year 2024). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Agents in non-specialised wholesale trade
NACE 46190
1 site
Size
€200,140total assets 2024
- Equity
- €30,670
- Loss
- -€36,688
Turnover not published (micro format)
Structure
2025 accounts not filed, 89 days past the deadline2 deeds in the Belgian Official Gazette
Why 31raises risk1 financial year not filed after the legal deadline; last filed accounts filed 198 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 17-02-2026)Loss of €36,688, the second in a row (financial year 2024)Liquidity: current ratio 0.42, cash €1,554Show the evidence
Checked score
Score 2024
31
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 18% of its sector peers (NACE 46, micro)
Financial strength · tick = 2023
Weak
Solvency
40-15
equity 15.3% of total assets
Liquidity
32-43
short-term debt 39.8% · cash 0.8%
Profitability
0-10
return on assets -18.3%
Bankruptcy probability, 12 months
8.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 10.5%
12-2024: 10.5%● unchanged vs 11-2024
01-2025: 10.5%● unchanged vs 12-2024
02-2025: 10.5%● unchanged vs 01-2025
03-2025: 10.5%● unchanged vs 02-2025
04-2025: 10.5%● unchanged vs 03-2025
05-2025: 10.5%● unchanged vs 04-2025
06-2025: 10.5%● unchanged vs 05-2025
07-2025: 10.5%● unchanged vs 06-2025
08-2025: 9.9%▼ -0.6 percentage points vs 07-2025
09-2025: 9.9%● unchanged vs 08-2025
10-2025: 10.6%▲ +0.7 percentage points vs 09-2025highest value
11-2025: 10.6%● unchanged vs 10-2025highest value
12-2025: 10.6%● unchanged vs 11-2025highest value
01-2026: 10.6%● unchanged vs 12-2025highest value
02-2026: 10.5%▼ -0.1 percentage points vs 01-2026
03-2026: 7.2%▼ -3.3 percentage points vs 02-2026
04-2026: 7.3%▲ +0.1 percentage points vs 03-2026
05-2026: 7.0%▼ -0.3 percentage points vs 04-2026
06-2026: 6.8%▼ -0.2 percentage points vs 05-2026lowest value
07-2026: 7.0%▲ +0.2 percentage points vs 06-2026
08-2026: 7.2%▲ +0.2 percentage points vs 07-2026
09-2026: 7.3%▲ +0.1 percentage points vs 08-2026
10-2026: 8.7%▲ +1.4 percentage points vs 09-2026
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.42, compared with 0.57 in 2023, below 1; short-term debt: 39.8% and cash: 0.8% of total assets), and 84.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 27% on solvency, 30% on liquidity, 6% on profitability and 9% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
raises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€36,688
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 89 days later.
NBB · 8 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline28-10-2026 today
raises risk · 2024 accounts filed 198 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-02-2026, 198 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
198 days late
2023
563 days late
2022
929 days late
2021
421 days late
2020
618 days late
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 465 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- Annual accounts filedfinancial year 2022 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2018
- 31-12-2024Weakest financial year
- 25-09-2023Annual accounts filed
- 10-04-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Founded
- 08-01-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about SUMMADIS
- What is the company number of SUMMADIS?
- 0645.762.454. In Belgium the VAT number is the company number with BE in front: BE 0645.762.454.
- Where is SUMMADIS based?
- The registered office is at Overbekeplein(Kor) 9, 8500 Kortrijk.Company details
- What does SUMMADIS do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of SUMMADIS?
- Private limited company (pre-2019) (BVBA).
- When was SUMMADIS founded?
- On 08-01-2016.
- Is SUMMADIS still active?
- Yes, SUMMADIS is an active enterprise in the KBO register.
- What is the turnover of SUMMADIS?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is SUMMADIS profitable?
- In financial year 2024, SUMMADIS made a loss of €36,688.
- Where can I find the annual accounts of SUMMADIS?
- SUMMADIS filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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