SUN FA
ActiveSummary
SUN FA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency87▲+47
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.52 against 6.97 in 2024; short-term debt: 20% and cash: 59% of total assets), and 37.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.2%
Return on assets
46.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
27 d early
2023
22 d early
2022
3 d early
2021
33 d early
2020
32 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€33k▲ 297%
2024 · €8k
2018: €2k
2019: €-299▼ -119% vs 2018
2020: €-2k▼ -498% vs 2019
2021: €-3k▼ -79.8% vs 2020
2022: €-12k▼ -275% vs 2021lowest in 8 years
2023: €-4k▲ +65.9% vs 2022
2024: €8k▲ +304% vs 2023
2025: €33k▲ +297% vs 2024highest in 8 years
2018 → 2025
Total assets
€54k▼ 2.0%
2024 · €55k
2018: €4k
2019: €3k▼ -38.2% vs 2018
2020: €2k▼ -43.8% vs 2019
2021: €1k▼ -20.5% vs 2020lowest in 8 years
2022: €30k▲ +2306% vs 2021
2023: €21k▼ -29.2% vs 2022
2024: €55k▲ +160% vs 2023highest in 8 years
2025: €54k▼ -2.0% vs 2024
2018 → 2025
Net result
€25k▲ 99.6%
2024 · €13k
2018: €-3k
2019: €-2k▲ +27.1% vs 2018
2020: €-1k▲ +21.8% vs 2019
2021: €-1k▲ +4.1% vs 2020
2022: €-9k▼ -520% vs 2021lowest in 8 years
2023: €8k▲ +190% vs 2022
2024: €13k▲ +57.6% vs 2023
2025: €25k▲ +99.6% vs 2024highest in 8 years
2018 → 2025
Working capital
€27k▼ 14.2%
2024 · €32k
2018: €822lowest in 8 years
2019: €2k▲ +157% vs 2018
2020: €1k▼ -45.6% vs 2019
2021: €848▼ -26.3% vs 2020
2022: €13k▲ +1489% vs 2021
2023: €4k▼ -69.8% vs 2022
2024: €32k▲ +677% vs 2023highest in 8 years
2025: €27k▼ -14.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3k-€-12k▼ 275%€-4k▲ 65.9%€8k€33k▲ 297%
2021: €-3k
2022: €-12k▼ -275% vs 2021lowest in 5 years
2023: €-4k▲ +65.9% vs 2022
2024: €8k▲ +304% vs 2023
2025: €33k▲ +297% vs 2024highest in 5 years
Operating result€-1k-€-9k▼ 582%€8k€14k▲ 66.3%€30k▲ 112%
2021: €-1k
2022: €-9k▼ -582% vs 2021lowest in 5 years
2023: €8k▲ +197% vs 2022
2024: €14k▲ +66.3% vs 2023
2025: €30k▲ +112% vs 2024highest in 5 years
Net result€-1k-€-9k▼ 520%€8k€13k▲ 57.6%€25k▲ 99.6%
2021: €-1k
2022: €-9k▼ -520% vs 2021lowest in 5 years
2023: €8k▲ +190% vs 2022
2024: €13k▲ +57.6% vs 2023
2025: €25k▲ +99.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 112% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€16k ▼ 11.6%
Current assets
€38k ▲ 2.7%
Equity and liabilities €54k
Equity
€33k ▲ 297%
Debt
€20k ▼ 56.2%
Debt's share of the balance-sheet total falls from 84.7% to 37.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €19k
Cash flow
€31k▲
2024 · €18k
Current ratio
3.52▼
2024 · 6.97
Quick ratio
3.07▼
2024 · 6.07
Debt to equity
0.61▼
2024 · 5.52
ROE
74.8%▼
2024 · 148.9%
ROA
46.5%▲
2024 · 22.8%
Interest coverage
53.13▲
2024 · 14.07
Debt ≤ 1 year
€11k▲
2024 · €5k
Debt > 1 year
€10k▼
2024 · €41k
Income taxes
€5k▲
2024 · €221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€55k€54k▼
Fixed assets21/28€18k€16k▼
Tangible fixed assets22/27€18k€16k▼
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€10k€5k▼
Current assets29/58€37k€38k▲
Stocks and contracts in progress3€5k€5k▲
Stocks30/36€5k€5k▲
Amounts receivable within one year40/41€2k€546▼
Trade receivables40€1k€546▼
Other amounts receivable41€1k-
Cash at bank and in hand54/58€29k€32k▲
Deferred charges and accrued income490/1€492€742▲
Equity and liabilities
Total equity and liabilities10/49€55k€54k▼
Equity10/15€8k€33k▲
Contributions10/11€6k€6k=
Reserves13€2k€27k▲
Distributable reserves133€2k€27k▲
Amounts payable17/49€46k€20k▼
Amounts payable after more than one year17€41k€10k▼
Other amounts payable178/9€41k€10k▼
Amounts payable within one year42/48€5k€11k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€671€9k▲
Taxes450/3€671€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€1k€883▼
Non-recurring operating charges66A€8k-
Gross operating margin9900€29k€37k▲
Operating profit (loss)9901€14k€30k▲
Financial income75/76B€0€317▲
Recurring financial income75€0€317▲
Financial charges65/66B€1k€682▼
Recurring financial charges65€1k€682▼
Profit (loss) for the period before taxes9903€13k€30k▲
Income taxes67/77€221€5k▲
Profit (loss) for the period9904€13k€25k▲
Profit (loss) for the period to be appropriated9905€13k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€352€25k▲
Profit (loss) brought forward from the previous period14P€-12k-
Transfer from equity791/2€2k-
Transfer to equity691/2€2k€25k▲
To other reserves6921€2k€25k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €107 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70 | €270 | €2k | €5k | €6k | ▲ 27.1% |
| Other operating charges640/8 | €659 | €560 | €683 | €1k | €883 | ▼ 39.6% |
| Non-recurring operating charges66A | - | - | €717 | €8k | - | - |
| Gross operating margin9900 | €-558 | €-8k | €11k | €29k | €37k | ▲ 28.2% |
| Operating profit (loss)9901 | €-1k | €-9k | €8k | €14k | €30k | ▲ 112% |
| Financial income75/76B | - | €70 | €183 | €0 | €317 | ▲ 131,904% |
| Recurring financial income75 | - | €70 | €183 | €0 | €317 | ▲ 131,904% |
| Financial charges65/66B | €141 | €147 | €716 | €1k | €682 | ▼ 49.7% |
| Recurring financial charges65 | €141 | €147 | €716 | €1k | €682 | ▼ 49.7% |
| Profit (loss) for the period before taxes9903 | €-1k | €-9k | €8k | €13k | €30k | ▲ 132% |
| Income taxes67/77 | - | - | - | €221 | €5k | ▲ 1,950% |
| Profit (loss) for the period9904 | €-1k | €-9k | €8k | €13k | €25k | ▲ 99.6% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €-9k | €8k | €13k | €25k | ▲ 99.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1k | €30k | €21k | €55k | €54k | ▼ 2.0% |
| Fixed assets21/28 | €280 | €15k | €16k | €18k | €16k | ▼ 11.6% |
| Tangible fixed assets22/27 | €280 | €15k | €16k | €18k | €16k | ▼ 11.6% |
| Plant, machinery and equipment23 | - | €9k | €9k | €6k | €7k | ▲ 12.9% |
| Furniture and vehicles24 | €280 | €210 | €872 | €2k | €3k | ▲ 96.8% |
| Other tangible fixed assets26 | - | €6k | €6k | €10k | €5k | ▼ 46.6% |
| Current assets29/58 | €959 | €15k | €5k | €37k | €38k | ▲ 2.7% |
| Stocks and contracts in progress3 | - | €4k | €512 | €5k | €5k | ▲ 0.9% |
| Stocks30/36 | - | €4k | €512 | €5k | €5k | ▲ 0.9% |
| Amounts receivable within one year40/41 | - | €3k | €1k | €2k | €546 | ▼ 77.7% |
| Trade receivables40 | - | €416 | - | €1k | €546 | ▼ 53.1% |
| Other amounts receivable41 | - | €3k | €1k | €1k | - | - |
| Cash at bank and in hand54/58 | €959 | €7k | €3k | €29k | €32k | ▲ 8.9% |
| Deferred charges and accrued income490/1 | - | €768 | €223 | €492 | €742 | ▲ 50.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1k | €30k | €21k | €55k | €54k | ▼ 2.0% |
| Equity10/15 | €-3k | €-12k | €-4k | €8k | €33k | ▲ 297% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €27k | ▲ 1,130% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €27k | ▲ 1,130% |
| Profit (loss) carried forward14 | €-11k | €-20k | €-12k | - | - | - |
| Amounts payable17/49 | €4k | €42k | €25k | €46k | €20k | ▼ 56.2% |
| Amounts payable after more than one year17 | €4k | €40k | €24k | €41k | €10k | ▼ 76.7% |
| Other amounts payable178/9 | €4k | €40k | €24k | €41k | €10k | ▼ 76.7% |
| Amounts payable within one year42/48 | €111 | €1k | €1k | €5k | €11k | ▲ 103% |
| Trade debts44 | €111 | €1k | €1k | €5k | €2k | ▼ 51.3% |
| Suppliers440/4 | €111 | €1k | €1k | €5k | €2k | ▼ 51.3% |
| Taxes, remuneration and social security45 | - | - | - | €671 | €9k | ▲ 1,168% |
| Taxes450/3 | - | - | - | €671 | €9k | ▲ 1,168% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €-9k | €8k | €13k | €25k | ▲ 99.6% |
| + Depreciation and write-downs630 | €70 | €270 | €2k | €5k | €6k | ▲ 27.1% |
| Operating cash flow (approximation) | €-1k | €-9k | €10k | €18k | €31k | ▲ 79.0% |
| Investment in fixed assets (approximation) | - | €-15k | €-3k | €-7k | €-4k | ▲ 39.6% |
| Change in cash | - | €6k | €-4k | €26k | €3k | ▼ 90.1% |
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
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €25k ▲99.6%
Operating result €30k, net result €25k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 5 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 20.72
Current ratio from 9.91 to 20.72; short-term debt falls from €237 to €58.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity times 7current ratio 9.91
Current ratio from 1.32 to 9.91; short-term debt falls from €3k to €237.
Show earlier events
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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
Registered office, Nieuwpoort · 1 establishment unit since 2022
Ground area
105 m²
Building footprint
105 m²
Volume, LiDAR
848 m³
Parcel 38016A0031/00P055, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Savoury Oriental Cuisine
since 20222.339.280.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38016A0031/00P055 | Flanders | 105 m² | 1 · 105 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNieuwpoort2.339.280.110
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-06-2003
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.