Equity
-€179,311
Debts exceed assets in financial year 2026.
SUN BUILDING
Lifetime
14 annual accounts with figures on one time axispeak €235,902 (2019)
€154,457▲ 15.1%
lowest -€476,433 (2025)
-€69,228▲ €407,205
peak €449,186 (2022)
-€179,311▼ €69,228
€5.1m▲ 233%
peak 0 FTE (2025)
0 FTE
Board7 names since 2022
4 directorsCOCREATE and 3 others
Owners
Documentsfilings and deeds
29-09-202632 days before the deadline
2026abbreviated format
Gross margin from €134,195 to €154,457Loss of €69,228Equity from -€110,082 to -€179,311Debts from €1.5m to €5.1mInvestments €3.3mCash from €70,198 to €437,393
Key points
from the 2026 annual accountsLosses
-€628,497 in three years
Every financial year from 2024 to 2026 closed with a loss. 2025 was the heaviest.
Turnover
≈ €390,000 estimated
The accounts state no turnover.
Debts
€5.1m 104% of the balance sheet
Financial debts 84%Suppliers 9%Other 6%
€3.9m of the debts are secured on the company's own assets. In 2024 that was €1.2m.
Investments
€3.3m 34.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 817.5% higher than in 2025.
Position in the sector
-€179,311
Less equity than 92% of companies in electricity, gas and steam. Sector median €1.2m · 37 companies.
Checked score
54
Fair
Financially stronger than 25% of small companies in electricity, gas and steam (NACE 35)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 253 companies (NACE 35, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%▲ +0.6 percentage points vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 1.0%▲ +0.1 percentage points vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.1%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -1.0 percentage point vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€179,311
lowers risk
Size: total assets €4.9m
Figures for financial year 2026 (filed on 30-09-2026)
Founded in 2011
Calculation
The band follows from the bankruptcy probability. 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 35, small). It does better than 8% of them on solvency, 67% on liquidity, 15% on profitability and 9% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,216 companies had the same profile as SUN BUILDING has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.6%
stopped another way
1.1%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SUN BUILDING itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,216 companies, not a prediction for SUN BUILDING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.58 (0.41 in 2025), below 1. Short-term debt is 16.1% and cash 8.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
19202122242526
2019 to 2026 · latest year -€179,311
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-09-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
32 days early
2025
35 days early
2024
6 days early
2022
5 days early
2021
17 days late
2020
16 days early
2019
8 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 29 September (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- Coelembier Holding 100%equity €6.4m (2026) · 31-03-2026 annual accounts of Coelembier Holding
- Coelembier Holding BV consolidatesannual accounts 31-03-2026
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0836176226
Purpose change · Amendment of the articles · Legal-form change · Resignations & appointments
“A/ Het verzamelen van financiële middelen voor investeringen in alternatieve,duurzame en hernieuwbare…” (deed in Dutch) · Gazette deed
2 directors appointed, 3 managers resigning, 1 reappointment
Resignations: Patrick DE TENDER, Rita MEUL and Joeri DE TENDER · Appointments: COELEMBIER HOLDING and CYJELA · Permanent representatives: Jan DEJONGHE and Anthony TOMBEUR · General meeting of 29-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SUN BUILDING Sint-Niklaas | €4.9m | €154,457 | -3.7% | 0 |
| BUILDING SOLAR I Kruisem | €1.3m | €600,002 | 27.5% | 0 |
| DuCoop Ghent | €4.7m | €480,605 | 9.8% | 1.9 |
| Solarco Deinze | €1.3m | €416,414 | 90.6% | 0 |
| BUILDING SOLAR II Kruisem | €0.7m | €266,672 | 28.5% | 0 |
| WASE WIND Sint-Gillis-Waas | €3.3m | €253,862 | 68.0% | 2.8 |
| MANERGY Brussels | €0.9m | €63,597 | 39.2% | 0 |
These companies have the same main activity as SUN BUILDING: electricity, gas, steam and air conditioning supply (NACE 35150). They are comparable in size and age: total assets between €698,000 and €4.7m, founded between 2001 and 2018.
Official details
Source: KBO- Status
- Active since 11-05-2011Normal situation
- Activity
- Electricity, gas, steam and air conditioning supplyNACE 35150and 1 other
- Establishment unit
- 2.199.196.9659111 Sint-Niklaas, since 29-04-2011
- Financial year end
- 31 March
- Peppol
- Reachable since 27-03-2026
Annual accounts to 31-03-2026
- €4.9m▲ 246%
- Filing
- Filed on 29-09-2026, 32 days before the end of the filing period
Insights on SUN BUILDING
SUN BUILDING files the abbreviated format. That format states no turnover. The gross margin rose from €15,886 in 2012 to €154,457 in 2026.
The balance sheet grew most in 2026 through fixed assets, financed with long-term debt.
Coelembier Holding holds all the shares. In September 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SUN BUILDING
- What is the company number of SUN BUILDING?
- The company number of SUN BUILDING is 0836.176.226. The VAT number is the same number with BE in front: BE 0836.176.226.
- Where is SUN BUILDING based?
- The registered office is at Nieuwe Baan 68, 9111 Sint-Niklaas.Company details
- What does SUN BUILDING do?
- According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35150).
- What is the legal form of SUN BUILDING?
- SUN BUILDING is a private limited company (BV).
- When was SUN BUILDING founded?
- SUN BUILDING was founded on 11-05-2011.
- Is SUN BUILDING still active?
- Yes, SUN BUILDING is an active enterprise in the KBO register.
- What is the turnover of SUN BUILDING?
- The turnover in financial year 2026 is ≈ €390,000. This figure is estimated from the gross margin of €154,457 and 1,647 comparable companies of the same size. It probably lies between €240,000 and €730,000. It is a rough estimate.Financials
- Is SUN BUILDING profitable?
- In financial year 2026, SUN BUILDING made a loss of €69,228.
- Where can I find the annual accounts of SUN BUILDING?
- SUN BUILDING filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of SUN BUILDING due?
- SUN BUILDING must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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