SUN WORKS
ActiveSUN WORKS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €735k and a net result of €108k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 3620 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+2
Solvency92▲+8
Growth52=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.28 in 2024), and 18.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 56
higher
← 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
81.1%
Return on assets
11.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€735k▲ 17.3%
2024 · €626k
2019: €274k
2020: €295k
2021: €474k
2022: €554k
2023: €536k
2024: €626k
2019 → 2025
Total assets
€906k▼ 2.5%
2024 · €930k
2019: €1.12M
2020: €1.17M
2021: €1.21M
2022: €1.25M
2023: €1.01M
2024: €930k
2019 → 2025
Net result
€108k▲ 19.9%
2024 · €90k
2019: €125k
2020: €47k
2021: €249k
2022: €80k
2023: €-18k
2024: €90k
2019 → 2025
Working capital
€73k▲ 26.2%
2024 · €58k
2019: €-261k
2020: €-254k
2021: €-65k
2022: €-48k
2023: €-29k
2024: €58k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€474k-€554k▲ 16.9%€536k▼ 3.2%€626k▲ 16.8%€735k▲ 17.3%
Operating result€323k-€151k▼ 53.2%€-105k€146k€163k▲ 11.5%
Net result€249k-€80k▼ 67.9%€-18k€90k€108k▲ 19.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €906k
Fixed assets
€719k▲ 8.2%
Current assets
€187k▼ 29.3%
Equity and liabilities €906k
Equity
€735k▲ 17.3%
Debt
€172k▼ 43.3%
The debt ratio falls from 32.6% to 18.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€245k▲
2024 · €218k
Cash flow
€190k▲
2024 · €163k
Solvency
81.1%▲
2024 · 67.4%
Current ratio
1.63▲
2024 · 1.28
Quick ratio
1.63▲
2024 · 1.28
Debt / equity
0.23▼
2024 · 0.48
ROE
14.7%▲
2024 · 14.4%
ROA
11.9%▲
2024 · 9.7%
Interest coverage
45.67▲
2024 · 29.16
Debt
€172k▼
2024 · €303k
Debt ≤ 1 year
€115k▼
2024 · €207k
Debt > 1 year
€57k▼
2024 · €95k
Income taxes
€52k▲
2024 · €51k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€930k€906k▼
Fixed assets21/28€665k€719k▲
Tangible fixed assets22/27€664k€719k▲
Land and buildings22€627k€585k▼
Furniture and vehicles24€37k€134k▲
Financial fixed assets28€583€83▼
Current assets29/58€265k€187k▼
Amounts receivable after more than one year29€52k€162k▲
Other amounts receivable291€52k€162k▲
Amounts receivable within one year40/41€81k€21k▼
Trade receivables40€25k€19k▼
Other amounts receivable41€55k€2k▼
Cash at bank and in hand54/58€129k€1k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€930k€906k▼
Equity10/15€626k€735k▲
Contributions10/11€19k€19k=
Reserves13€474k€583k▲
Tax-exempt reserves132€66k€66k=
Distributable reserves133€409k€517k▲
Profit (loss) carried forward14€133k€133k=
Amounts payable17/49€303k€172k▼
Amounts payable after more than one year17€95k€57k▼
Financial debts170/4€95k€57k▼
Amounts payable within one year42/48€207k€115k▼
Current portion of amounts payable after more than one year42€78k€38k▼
Trade debts44€12k€11k▼
Suppliers440/4€12k€11k▼
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45€52k€32k▼
Taxes450/3€52k€32k▼
Other amounts payable47/48€66k€27k▼
Accrued charges and deferred income492/3€1k€378▼
Income statement
Code20242025
Non-recurring operating income76A-€43k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€82k▲
Other operating charges640/8€12k€21k▲
Gross operating margin9900€230k€266k▲
Operating profit (loss)9901€146k€163k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▲
Non-recurring financial income76B€496-
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€142k€160k▲
Income taxes67/77€51k€52k▲
Profit (loss) for the period9904€90k€108k▲
Profit (loss) for the period to be appropriated9905€90k€108k▲
Appropriation of the result
Profit (loss) to be appropriated9906€224k€242k▲
Profit (loss) brought forward from the previous period14P€133k€133k=
Transfer to equity691/2€90k€108k▲
To other reserves6921€90k€108k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €90k
Net result €90k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €-18k ▼122%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €500kEq €554k ▲16.9%
4 profitable years in a row build equity to €554k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €249k ▲425%
Operating result €323k, net result €249k, both a record.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Koksijde · 1 establishment unit since 1999
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.
Zeelaan(Kok) 38670 KoksijdeGround area
576 m²
Building footprint
291 m²
Volume, LiDAR
3,401 m³
2 parcels, Flanders · tallest building 29.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SUN BEACH - SUN FRIT
since 19992.092.316.328
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0342/00A000 | Flanders | 409 m² | 1 · 207 m² | 29.4 m · 5 fl. |
| 38014F0830/00A000 | Flanders | 167 m² | 1 · 85 m² | 11.2 m · 3 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.
Recognitions · licences · registrations
Dual-learning approval
11 endedSimilar companies · same sector, comparable size
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Of 13,838 companies in sector 56301 we hold annual accounts for 4,809. 1,545 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-1999
Fiscal year end30-06
Activities, NACEBEL
55401
56301Cafés and bars
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.