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Sun Properties

Active
Private limited companyfounded 20214 yrs activeJan van Mirlostraat 2, 2650 Edegem, BelgiumKBO/BCE: BE 0776.616.642
Summary

The computed 12-month bankruptcy probability of Sun Properties is 3.4% (moderate). The 2025 annual accounts show negative equity (-€21,004) and a net result of -€33,447. Equity is shrinking by ~117.6% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability24▼-12
Solvency23▼-3
Growth32=
Track record94
Bankruptcy probability, 12 months
3.4% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.04 in 2024; short-term debt: 80.5% and cash: 2.8% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Solvency, return and age of the figures
Solvency
-1.8%
Return on assets
-2.8%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€21,004
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 28-04-2026, 2 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
2 d early
2024
on the day
2023
5 d early
2022
2 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 1 day 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 (2)
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. Usually files around 29 April (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Sun Properties was incorporated on 28 October 2021 as a Private limited company.1 Total assets went from EUR 1.3 million in 2022 to EUR 1.2 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€21,004
2024 · €12,443
Total assets
€1.2m▼ 3.2%
2024 · €1.2m
Net result
-€33,447▼ 30.9%
2024 · -€25,556
Working capital
-€911,956▼ 1.5%
2024 · -€898,528
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
Line2022202320242025
Operating result-€10,092--€42,835▼ 324%-€19,755▲ 53.9%-€27,780▼ 40.6%
Net result-€13,129--€48,872▼ 272%-€25,556▲ 47.7%-€33,447▼ 30.9%
Equity€86,871-€37,999▼ 56.3%€12,443▼ 67.3%-€21,004
Total assets€1.3m-€1.2m▼ 1.6%€1.2m▼ 2.5%€1.2m▼ 3.2%
Debt€1.2m-€1.2m▲ 2.4%€1.2m▼ 0.5%€1.2m▼ 0.4%
Working capital-€811,745--€894,360▼ 10.2%-€898,528▼ 0.5%-€911,956▼ 1.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2022: -€10,092-€10,092Net result 2022: -€13,129-€13,129Operating result 2023: -€42,835-€42,835Net result 2023: -€48,872-€48,872Operating result 2024: -€19,755-€19,755Net result 2024: -€25,556-€25,556Operating result 2025: -€27,780-€27,780Net result 2025: -€33,447-€33,4472022202320242025-€60,000-€40,000-€20,000€0Operating result 2023: -€42,835-€42,800Net result 2023: -€48,872-€48,900Operating result 2024: -€19,755-€19,800Net result 2024: -€25,556-€25,600Operating result 2025: -€27,780-€27,800Net result 2025: -€33,447-€33,400202320242025
The operating result stays negative: a loss of €27,780 in 2025 against €19,755 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets €1.1m ▼ 2.9%
Current assets €35,308 ▼ 12.0%
Key figures and ratios
2025 value · change against 2024
EBITDA
€5,845▼
2024 · €13,869
Cash flow
€178▼
2024 · €8,069
Solvency
-1.8%▼
2024 · 1.0%
Current ratio
0.04▼
2024 · 0.04
Debt to equity
-57.05▼
2024 · 96.70
ROA
-2.8%▼
2024 · -2.1%
Interest coverage
1.03▼
2024 · 2.39
Debt ≤ 1 year
€947,264▲
2024 · €938,638
Debt > 1 year
€251,018▼
2024 · €264,624
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,253 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a small loss
0.9% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,253 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.2m▼
Fixed assets21/28€1.2m€1.1m▼
Tangible fixed assets22/27€1.2m€1.1m▼
Land and buildings22€1.2m€1.1m▼
Current assets29/58€40,110€35,308▼
Cash at bank and in hand54/58€39,664€32,645▼
Deferred charges and accrued income490/1€446€2,663▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m▼
Equity10/15€12,443-€21,004▼
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€87,557-€121,004▼
Amounts payable17/49€1.2m€1.2m▼
Amounts payable after more than one year17€264,624€251,018▼
Financial debts170/4€264,624€251,018▼
Amounts payable within one year42/48€938,638€947,264▲
Current portion of amounts payable after more than one year42€13,338€13,606▲
Trade debts44€2,844€11,202▲
Suppliers440/4€2,844€11,202▲
Other amounts payable47/48€922,457€922,457=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33,625€33,625=
Other operating charges640/8€8,987€7,642▼
Gross operating margin9900€22,856€13,487▼
Operating profit (loss)9901-€19,755-€27,780▼
Financial charges65/66B€5,801€5,667▼
Recurring financial charges65€5,801€5,667▼
Profit (loss) for the period before taxes9903-€25,556-€33,447▼
Profit (loss) for the period9904-€25,556-€33,447▼
Profit (loss) for the period to be appropriated9905-€25,556-€33,447▼
Appropriation of the result
Profit (loss) to be appropriated9906-€87,557-€121,004▼
Profit (loss) brought forward from the previous period14P-€62,001-€87,557▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,374€30,845€33,625€33,625=
Other operating charges640/8€6,130€8,620€8,987€7,642▼ 15.0%
Gross operating margin9900€14,411-€3,369€22,856€13,487▼ 41.0%
Operating profit (loss)9901-€10,092-€42,835-€19,755-€27,780▼ 40.6%
Financial charges65/66B€3,037€6,037€5,801€5,667▼ 2.3%
Recurring financial charges65€3,037€6,037€5,801€5,667▼ 2.3%
Profit (loss) for the period before taxes9903-€13,129-€48,872-€25,556-€33,447▼ 30.9%
Profit (loss) for the period9904-€13,129-€48,872-€25,556-€33,447▼ 30.9%
Profit (loss) for the period to be appropriated9905-€13,129-€48,872-€25,556-€33,447▼ 30.9%
Line2022202320242025Change
Assets
Total assets20/58€1.3m€1.2m€1.2m€1.2m▼ 3.2%
Fixed assets21/28€1.2m€1.2m€1.2m€1.1m▼ 2.9%
Tangible fixed assets22/27€1.2m€1.2m€1.2m€1.1m▼ 2.9%
Land and buildings22€1.2m€1.2m€1.2m€1.1m▼ 2.9%
Current assets29/58€77,834€37,723€40,110€35,308▼ 12.0%
Cash at bank and in hand54/58€77,457€37,318€39,664€32,645▼ 17.7%
Deferred charges and accrued income490/1€377€404€446€2,663▲ 496%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.2m€1.2m€1.2m▼ 3.2%
Equity10/15€86,871€37,999€12,443-€21,004▼ 269%
Contributions10/11€100,000€100,000€100,000€100,000=
Profit (loss) carried forward14-€13,129-€62,001-€87,557-€121,004▼ 38.2%
Amounts payable17/49€1.2m€1.2m€1.2m€1.2m▼ 0.4%
Amounts payable after more than one year17€291,036€276,860€264,624€251,018▼ 5.1%
Financial debts170/4€291,036€276,860€264,624€251,018▼ 5.1%
Amounts payable within one year42/48€889,579€932,083€938,638€947,264▲ 0.9%
Current portion of amounts payable after more than one year42€12,818€14,176€13,338€13,606▲ 2.0%
Trade debts44€2,216€15,450€2,844€11,202▲ 294%
Suppliers440/4€2,216€15,450€2,844€11,202▲ 294%
Other amounts payable47/48€874,545€902,457€922,457€922,457=
Line2022202320242025Change
Profit (loss) for the period9904-€13,129-€48,872-€25,556-€33,447▼ 30.9%
+ Depreciation and write-downs630€18,374€30,845€33,625€33,625=
Operating cash flow (approximation)€5,245-€18,027€8,069€178▼ 97.8%
Investment in fixed assets (approximation)--€50,412€0€0-
Change in cash--€40,139€2,345-€7,018▼ 399%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
28-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Weakest financial yearnet -€48,872
Net result drops to -€48,872, the lowest in the series; recovery starts the following year.
02-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
Financial 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
Registered office, Edegem · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
812 m²
Building footprint
300 m²
Volume, LiDAR
1,549 m³
Parcel 11013A0271/00V002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Sun Properties
Jan van Mirlostraat 2, 2650 EdegemAgents specialised in the wholesale of other particular products
since 20212.326.432.558
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11013A0271/00V002 Flanders 812 m² 1 · 300 m² 8.3 m · 2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded28-10-2021
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID 0208:0776616642
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.