SUN IS UP
Open bankruptcyA bankruptcy procedure is open for SUN IS UP according to publications in the Belgian State Gazette; curator: Gerry VERSCHUREN. The 2023 annual accounts show equity of €175k and a net result of €97k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, micro schema
Turnover
€469k
EBIT margin
28.1%
Net result
€97k▲ 143%
2022 · €40k
2021: €36k
2022: €40k
2021 → 2023
Working capital
€159k▲ 157%
2022 · €62k
2021: €12k
2022: €62k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Turnover€469k
Equity€37k-€77k▲ 107%€175k▲ 126%
Operating result€44k-€54k▲ 20.6%€132k▲ 147%
Net result€36k-€40k▲ 11.9%€97k▲ 143%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2023 is 147% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €252k
Fixed assets
€16k▲ 3.2%
Current assets
€236k▲ 166%
Equity and liabilities €252k
Equity
€175k▲ 126%
Debt
€77k▲ 185%
The debt ratio rises from 25.9% to 30.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€144k▲
2022 · €63k
Cash flow
€109k▲
2022 · €50k
Solvency
69.3%▼
2022 · 74.1%
Current ratio
3.05▼
2022 · 3.27
Quick ratio
3.05▼
2022 · 3.27
Debt / equity
0.44▲
2022 · 0.35
ROE
55.7%▲
2022 · 51.8%
ROA
38.6%▲
2022 · 38.4%
Interest coverage
168.30▲
2022 · 108.42
Debt
€77k▲
2022 · €27k
Debt ≤ 1 year
€77k▲
2022 · €27k
Income taxes
€34k▲
2022 · €15k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€105k€252k▲
Fixed assets21/28€16k€16k▲
Tangible fixed assets22/27€16k€16k▲
Furniture and vehicles24€16k€16k▲
Current assets29/58€89k€236k▲
Amounts receivable within one year40/41€89k€226k▲
Trade receivables40€32k€109k▲
Other amounts receivable41€57k€118k▲
Cash at bank and in hand54/58-€9k
Equity and liabilities
Total equity and liabilities10/49€105k€252k▲
Equity10/15€77k€175k▲
Contributions10/11€2k€2k=
Reserves13€38k€38k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€38k€136k▲
Amounts payable17/49€27k€77k▲
Amounts payable within one year42/48€27k€77k▲
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€534€29k▲
Suppliers440/4€534€29k▲
Taxes, remuneration and social security45€21k€48k▲
Taxes450/3€18k€48k▲
Remuneration and social security454/9€3k-
Income statement
Code20222023
Turnover70-€469k
Non-recurring operating income76A-€12k
Goods, raw materials, services and sundry goods60/61-€329k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€2k€8k▲
Gross operating margin9900€65k€152k▲
Operating profit (loss)9901€54k€132k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€584€856▲
Recurring financial charges65€584€856▲
Profit (loss) for the period before taxes9903€55k€131k▲
Income taxes67/77€15k€34k▲
Profit (loss) for the period9904€40k€97k▲
Profit (loss) for the period to be appropriated9905€40k€97k▲
Appropriation of the result
Profit (loss) to be appropriated9906€76k€136k▲
Profit (loss) brought forward from the previous period14P€36k€38k▲
Transfer to equity691/2€38k-
To other reserves6921€38k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SUN IS UP BV MUTSAARD- PLEIN 2, 1853 GRIMBERGEN · event 22-07-2026
2025
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 619 days late
2023
30-06
Financial
Highest result since 2021net €97k ▲143%
Operating result €132k, net result €97k, both a record.
30-06
Financial
Equity above €150kEq €175k ▲126%
3 profitable years in a row build equity to €175k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Grimbergen · 1 establishment unit since 2020
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.
Mutsaardplein 21853 GrimbergenGround area
1,988 m²
Building footprint
682 m²
Volume, LiDAR
8,619 m³
2 parcels, Flanders · tallest building 22.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SUN IS UP
since 20202.303.214.124
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0399/00M025 | Flanders | 1,424 m² | 1 · 561 m² | 22.0 m · 5 fl. |
| 23065A0020/02T000 | Flanders | 564 m² | 1 · 121 m² | 22.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
22-07-2026 → present |
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,450 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2020
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.