SUN TIMES
ActiveSUN TIMES has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65k and a net result of €23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 59% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▼-15
Solvency60▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.68 in 2023; short-term debt: 56.1% and cash: 18.5% of total assets), and 64.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 2024Solvency, return and age of the figures
Solvency
35.5%
Return on assets
12.6%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €65k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
34 d early
2022
3 d early
2021
31 d early
2020
1 d early
2019
11 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€65k▲ 52.2%
2023 · €43k
2018: €-3k
2019: €33k
2020: €25k
2021: €13k
2022: €731
2023: €43k
2018 → 2024
Total assets
€184k▲ 17.7%
2023 · €156k
2018: €190k
2019: €211k
2020: €172k
2021: €120k
2022: €81k
2023: €156k
2018 → 2024
Net result
€23k▼ 45.9%
2023 · €43k
2018: €10k
2019: €42k
2020: €-9k
2021: €-11k
2022: €-13k
2023: €43k
2018 → 2024
Working capital
€-49k▼ 66.9%
2023 · €-29k
2018: €-28k
2019: €-31k
2020: €-45k
2021: €-28k
2022: €-18k
2023: €-29k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€13k▼ 45.8%€731▼ 94.5%€43k▲ 5,764%€65k▲ 52.2%
Operating result€-6k-€-9k▼ 61.5%€-12k▼ 24.3%€48k€29k▼ 38.5%
Net result€-9k-€-11k▼ 31.6%€-13k▼ 11.8%€43k€23k▼ 45.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 38% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184k
Fixed assets
€130k▲ 39.2%
Current assets
€54k▼ 14.1%
Equity and liabilities €184k
Equity
€65k▲ 52.2%
Provisions
€3k
Debt
€116k▲ 2.3%
The debt ratio falls from 72.5% to 63.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▼
2023 · €66k
Cash flow
€52k▼
2023 · €61k
Solvency
35.5%▲
2023 · 27.5%
Current ratio
0.52▼
2023 · 0.68
Quick ratio
0.37▼
2023 · 0.53
Debt / equity
1.78▼
2023 · 2.64
ROE
35.6%▼
2023 · 100.2%
ROA
12.6%▼
2023 · 27.5%
Interest coverage
31.10▼
2023 · 38.85
Debt
€116k▲
2023 · €113k
Debt ≤ 1 year
€103k▲
2023 · €92k
Debt > 1 year
€13k▼
2023 · €21k
Income taxes
€1k▼
2023 · €3k
Staff costs
€41k▲
2023 · €35k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€156k€184k▲
Fixed assets21/28€93k€130k▲
Tangible fixed assets22/27€93k€130k▲
Plant, machinery and equipment23€93k€128k▲
Furniture and vehicles24-€1k
Current assets29/58€63k€54k▼
Stocks and contracts in progress3€14k€16k▲
Stocks30/36€14k€16k▲
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€2k€191▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€44k€34k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€156k€184k▲
Equity10/15€43k€65k▲
Contributions10/11€12k€12k=
Reserves13€30k€53k▲
Tax-exempt reserves132-€8k
Distributable reserves133€30k€45k▲
Provisions and deferred taxes16-€3k
Deferred taxes168-€3k
Amounts payable17/49€113k€116k▲
Amounts payable after more than one year17€21k€13k▼
Financial debts170/4€21k€13k▼
Amounts payable within one year42/48€92k€103k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€8k€8k▲
Suppliers440/4€8k€8k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€3k€3k=
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€70k€80k▲
Income statement
Code20232024
Non-recurring operating income76A€52k€57k▲
Remuneration, social security and pensions62€35k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€29k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€103k€103k▼
Operating profit (loss)9901€48k€29k▼
Financial income75/76B€1€45▲
Recurring financial income75€1€45▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€46k€27k▼
Transfer from deferred taxes780-€147
Transfer to deferred taxes680-€3k
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€43k€23k▼
Transfer from tax-exempt reserves789-€441
Transfer to tax-exempt reserves689-€9k
Profit (loss) for the period to be appropriated9905€43k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€15k▼
Profit (loss) brought forward from the previous period14P€-13k-
Transfer from equity791/2-€700
Transfer to equity691/2€29k€15k▼
To other reserves6921€29k€15k▼
Profit to be distributed694/7€833€859▲
Return on contributions (dividend)694€833€859▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €43k
Net result €43k after 3 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial 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, Scherpenheuvel-Zichem · 1 establishment unit since 2007
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.
Zandstraat 23271 Scherpenheuvel-ZichemGround area
501 m²
Building footprint
298 m²
Volume, LiDAR
1,714 m³
Parcel 24005C0566/00D003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SUN TIMES
since 20072.163.098.317
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24005C0566/00D003 | Flanders | 501 m² | 1 · 298 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,712 companies in sector 96230 we hold annual accounts for 629. 470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2007
Fiscal year end31-12
Activities, NACEBEL
93040
96040Personal service activities
96230Day spas, saunas and steam baths
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.