SUN
InactiveSUN was declared bankrupt on 22-11-2021 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 10-10-2022, published in the Belgian State Gazette on 14-10-2022.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
30-06-2021 close31-01-2022 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 08-12-2020, 54 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
54 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 57 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Equity
€10,927
2019 · -€14,325
Total assets
€36,473▼ 12.7%
2019 · €41,793
Net result
€25,251▲ 71.7%
2019 · €14,706
Working capital
€4,734
2019 · -€26,904
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Operating result€15,266-€25,739▲ 68.6%
Net result€14,706-€25,251▲ 71.7%
Equity-€14,325-€10,927
Total assets€41,793-€36,473▼ 12.7%
Debt€56,118-€25,546▼ 54.5%
Working capital-€26,904-€4,734
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2020; 2020 is 69% above 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €36,473
Fixed assets
€23,540 ▼ 20.4%
Current assets
€12,933 ▲ 5.9%
Equity and liabilities €36,473
Equity
€10,927
Debt
€25,546
Debt finances 70.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€31,779▲
2019 · €24,306
Cash flow
€31,291▲
2019 · €23,745
Current ratio
1.58▲
2019 · 0.31
Quick ratio
1.44▲
2019 · 0.30
Debt to equity
0.92▲
2019 · -0.70
ROE
231.1%
ROA
69.2%▲
2019 · 35.2%
Debt ≤ 1 year
€8,199▼
2019 · €39,118
Debt > 1 year
€10,000=
2019 · €10,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,039 | €6,039 | ▼ 33.2% |
| Gross operating margin9900 | €27,699 | €46,778 | ▲ 68.9% |
| Operating profit (loss)9901 | €15,266 | €25,739 | ▲ 68.6% |
| Recurring financial income75 | €7 | €44 | ▲ 491% |
| Recurring financial charges65 | €568 | €532 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | €14,706 | €25,251 | ▲ 71.7% |
| Profit (loss) for the period9904 | €14,706 | €25,251 | ▲ 71.7% |
| Profit (loss) for the period to be appropriated9905 | €14,706 | €25,251 | ▲ 71.7% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €41,793 | €36,473 | ▼ 12.7% |
| Fixed assets21/28 | €29,580 | €23,540 | ▼ 20.4% |
| Tangible fixed assets22/27 | €29,580 | €23,540 | ▼ 20.4% |
| Current assets29/58 | €12,214 | €12,933 | ▲ 5.9% |
| Stocks and contracts in progress3 | €468 | €1,093 | ▲ 134% |
| Amounts receivable within one year40/41 | €3,921 | €1,365 | ▼ 65.2% |
| Cash at bank and in hand54/58 | €7,825 | €10,233 | ▲ 30.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €41,793 | €36,473 | ▼ 12.7% |
| Equity10/15 | -€14,325 | €10,927 | ▲ 176% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€34,325 | -€9,073 | ▲ 73.6% |
| Amounts payable17/49 | €56,118 | €25,546 | ▼ 54.5% |
| Amounts payable after more than one year17 | €10,000 | €10,000 | = |
| Amounts payable within one year42/48 | €39,118 | €8,199 | ▼ 79.0% |
| Trade debts44 | €2,423 | €1,842 | ▼ 24.0% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14,706 | €25,251 | ▲ 71.7% |
| + Depreciation and write-downs630 | €9,039 | €6,039 | ▼ 33.2% |
| Operating cash flow (approximation) | €23,745 | €31,291 | ▲ 31.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €2,408 | - |
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
2022
14-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 10-10-2022
2021
26-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 22-11-2021
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity times 5current ratio 1.58
Current ratio from 0.31 to 1.58; short-term debt falls from €39,118 to €8,199.
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
09-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | ELKE M.J. GOOSSENS COLMARSTRAAT 2A, 9100 SINT-
NIKLAAS |
22-11-2021 → 10-10-2022 |
| Curator | GUY VAN DEN
BRANDEN COLMARSTRAAT 2 A, 9100 SINT-NIKLAAS- |
22-11-2021 → 10-10-2022 |