SUN 5
ActiveSUN 5 has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-147k) and a net result of €18k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+17
Solvency0=
Growth78=
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 0.76 against 0.48 in 2024; short-term debt: 32.5% and cash: 24.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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
-120.3%
Return on assets
15%
Age of the figures
12 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 11257 sector peers (2025).
NBB · sector comparisonPosition among 11257 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
33 d early
2023
26 d early
2022
30 d early
2021
18 d early
2020
30 d early
2019
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-147k▲ 11.1%
2024 · €-166k
2018: €-179k
2019: €-192k
2020: €-211k
2021: €-214k
2022: €-199k
2023: €-180k
2024: €-166k
2018 → 2025
Total assets
€122k▼ 7.1%
2024 · €132k
2018: €138k
2019: €117k
2020: €59k
2021: €129k
2022: €135k
2023: €147k
2024: €132k
2018 → 2025
Net result
€18k▲ 29.7%
2024 · €14k
2018: €-14k
2019: €-13k
2020: €-19k
2021: €-3k
2022: €15k
2023: €19k
2024: €14k
2018 → 2025
Working capital
€-10k▲ 72.4%
2024 · €-35k
2018: €-24k
2019: €-33k
2020: €-19k
2021: €-97k
2022: €-82k
2023: €-56k
2024: €-35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-214k-€-199k▲ 7.0%€-180k▲ 9.7%€-166k▲ 7.9%€-147k▲ 11.1%
Operating result€-1k-€17k€21k▲ 21.2%€20k▼ 1.8%€21k▲ 3.2%
Net result€-3k-€15k€19k▲ 28.0%€14k▼ 26.5%€18k▲ 29.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122k
Fixed assets
€92k▼ 7.0%
Current assets
€30k▼ 7.6%
Key figures and ratios
EBITDA
€28k▲
2024 · €27k
Cash flow
€25k▲
2024 · €21k
Solvency
-120.3%▲
2024 · -125.7%
Current ratio
0.76▲
2024 · 0.48
Quick ratio
0.76▲
2024 · 0.48
Debt / equity
-1.83▼
2024 · -1.80
ROA
15.0%▲
2024 · 10.7%
Interest coverage
11.19▲
2024 · 4.49
Debt
€270k▼
2024 · €298k
Debt ≤ 1 year
€40k▼
2024 · €68k
Debt > 1 year
€230k=
2024 · €230k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€132k€122k▼
Fixed assets21/28€99k€92k▼
Tangible fixed assets22/27€99k€92k▼
Land and buildings22€99k€92k▼
Current assets29/58€33k€30k▼
Cash at bank and in hand54/58€33k€30k▼
Equity and liabilities
Total equity and liabilities10/49€132k€122k▼
Equity10/15€-166k€-147k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-184k€-166k▲
Amounts payable17/49€298k€270k▼
Amounts payable after more than one year17€230k€230k=
Other amounts payable178/9€230k€230k=
Amounts payable within one year42/48€68k€40k▼
Other amounts payable47/48€68k€40k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼
Other operating charges640/8€525€1k▲
Gross operating margin9900€28k€29k▲
Operating profit (loss)9901€20k€21k▲
Financial charges65/66B€6k€2k▼
Recurring financial charges65€6k€2k▼
Profit (loss) for the period before taxes9903€14k€18k▲
Profit (loss) for the period9904€14k€18k▲
Profit (loss) for the period to be appropriated9905€14k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-184k€-166k▲
Profit (loss) brought forward from the previous period14P€-198k€-184k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
19-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Permanent representative6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Permanent representative6 facts ▸
- General meeting, 2 maart 2026
- Director resignation, PEGGY VALCKENIER BV (bestuurder)
- Permanent representative, Peggy Valckenier
- Director discharge, PEGGY VALCKENIER BV
- Permanent representative, Guy Valckenier
- Permanent representative, Koenraad Valckenier
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €19k ▲28%
Net result €19k, the highest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €15k
Net result €15k after 4 loss-making years.
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-03-2026
Resigned as Director
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Siesegemlaan 19300 Aalst1 establishment unit
SUN 5
since 19962.078.911.819
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector and region
ANLIS
BE 0431.323.465
Aalst
AMAREX
BE 0466.731.336
Maldegem
ARTAX
BE 0466.453.204
Lievegem
BAHIA
BE 0428.833.238
Geraardsbergen
Beauty Supplies
BE 0405.080.017
Sint-Niklaas
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 798 companies in sector 46450 we hold annual accounts for 452.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-1996
Fiscal year end30-09
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filings
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.