Equity
-€5,705
Debts exceed assets in financial year 2025.
SUNCELL
Overview
Lifetime
2 annual accounts with figures on one time axispeak €572 (2024)
-€7,931▼ €8,502
lowest -€11,883 (2025)
-€11,883▼ €6,060
peak €6,178 (2024)
-€5,705▼ €11,883
€32,301▼ 31.2%
Board2 names since 2023
1 directorTENERGY
Documentsfilings and deeds
19-04-202611 days before the deadline
2025micro format
Gross margin from €572 to -€7,931Loss of €11,883Registered office moved from Villers-la-Ville to Ottignies-Lo… 09-10Equity from €6,178 to -€5,705Debts from €46,956 to €32,301Cash from €14,364 to €4,096
Key points
from the 2025 annual accountsLosses
-€17,705 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€32,301 121% of the balance sheet
After one year 1%Within one year 99%
Of this, €32,002 falls due within a year.
Liquidity
0.75 was 1.40 in 2024
Short-term debts fell from €36,072 to €32,002.
Starting capital
€12,000 100 shares
Position in the sector
-21.5%
Lower solvency than 94% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Turnover not published (micro format)
Checked score
48
Fair
Financially stronger than 6% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 2.9%▼ -0.1 percentage points vs 12-2024
02-2025: 2.9%● unchanged vs 01-2025
03-2025: 3.1%▲ +0.2 percentage points vs 02-2025highest value
04-2025: 1.5%▼ -1.6 percentage points vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.5%● unchanged vs 06-2025
08-2025: 1.5%● unchanged vs 07-2025
09-2025: 1.5%● unchanged vs 08-2025
10-2025: 1.4%▼ -0.1 percentage points vs 09-2025lowest value
11-2025: 2.3%▲ +0.9 percentage points vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.7%▲ +0.4 percentage points vs 12-2025
02-2026: 3.0%▲ +0.3 percentage points vs 01-2026
03-2026: 3.0%● unchanged vs 02-2026
04-2026: 3.0%● unchanged vs 03-2026
05-2026: 3.1%▲ +0.1 percentage points vs 04-2026
06-2026: 3.1%● unchanged vs 05-2026
07-2026: 3.1%● unchanged vs 06-2026
08-2026: 3.1%● unchanged vs 07-2026
09-2026: 3.1%● unchanged vs 08-2026
10-2026: 3.0%▼ -0.1 percentage points vs 09-2026
11-2026: 3.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€5,705
lowers risk
Size: total assets €26,596
Figures for financial year 2025 (filed on 21-04-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 5% of them on solvency, 11% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as SUNCELL has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SUNCELL itself: 3.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for SUNCELL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.75 (1.4 in 2024), below 1. Short-term debt is 120.3% and cash 15.4% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€5,705
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 19-04-2026, 11 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
11 days early
2024
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 23 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800747965
Registered office moved from Villers-la-Ville to Ottignies-Louvain-la-Neuve
New registered office: Rue de la Boisette 18, 1340 Ottignies-Louvain-la-Neuve · Previous registered office: Rue du Try 49 à 1495 Villers-la-Ville · Resignation: OAK EYE (director) · Gazette deed
First establishment
Rue de la Boisette 18, Ottignies-Louvain-la-Neuve
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SUNCELL Ottignies-Louvain-la-Neuve | €26,596 | -€7,931 | -21.5% | - |
| PENNYWORTH Destelbergen | €26,892 | €481 | 10.3% | - |
| LWOODS Tessenderlo-Ham | €27,238 | -€10,232 | 71.5% | - |
| MAKAJ Ghent | €25,888 | -€1,367 | 66.1% | - |
| Ampires Genk | €24,668 | -€19,611 | -4.9% | - |
| CFX PROJECTS Merchtem | €27,966 | -€405 | 36.4% | - |
| MSM Energy Solutions Zaventem | €28,153 | -€39,801 | -5.0% | - |
These companies have the same main activity as SUNCELL: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €24,700 and €28,200, founded in 2023.
Official details
Source: KBO- Status
- Active since 14-04-2023Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.344.404.6781340 Ottignies-Louvain-la-Neuve, since 14-04-2023
- Financial year end
- 30 September
- Peppol
- Reachable since 27-11-2025
Annual accounts to 30-09-2025
- -€7,931
- €11,883▲ 104%
- -€5,705
- €26,596▼ 49.9%
- Filing
- Filed on 19-04-2026, 11 days before the end of the filing period
Insights on SUNCELL
The computed 12-month bankruptcy probability of SUNCELL is 3.0% (moderate). The 2025 annual accounts show negative equity (-€5,705) and a net result of -€11,883.
Its solvency ranks better than 6% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 19-04-2026, 11 days before the deadline-€7,931
▼ €8,502
-€8,708
▼ €8,769
-€11,883
▼ €6,060
-€8,129
▼ €22,467
-21.5%
▼ 33.1 percentage points
0.75
▼ 0.65
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €26,596 on 30-09-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-21.5%
Higher than 6% of 35,136 companies in 2025.
0.75
Higher than 13% of 34,510 companies in 2025.
-44.7%
Lower than 95% of 34,711 companies in 2025.
SUNCELL
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
26,596 | 53,133 | |
21/28 |
2,723 | 2,723 | |
28 |
2,723 | 2,723 | |
29/58 |
23,873 | 50,411 | |
3 |
9,000 | 18,414 | |
30/36 |
9,000 | 18,414 | |
40/41 |
9,209 | 14,857 | |
40 |
3,149 | 13,123 | |
41 |
6,060 | 1,734 | |
54/58 |
4,096 | 14,364 | |
490/1 |
1,567 | 2,777 | |
| Balance sheet: equity and liabilities | |||
10/49 |
26,596 | 53,133 | |
10/15 |
-5,705 | 6,178 | |
10/11 |
12,000 | 12,000 | |
14 |
-17,705 | -5,822 | |
17/49 |
32,301 | 46,956 | |
17 |
- | 9,175 | |
170/4 |
- | 9,175 | |
42/48 |
32,002 | 36,072 | |
42 |
18,748 | 24,438 | |
44 |
13,253 | 9,662 | |
440/4 |
13,253 | 9,662 | |
47/48 |
0 | 1,972 | |
492/3 |
299 | 1,708 | |
| Income statement | |||
9900 |
-7,931 | 572 | |
640/8 |
777 | 511 | |
9901 |
-8,708 | 61 | |
65/66B |
3,175 | 5,883 | |
65 |
3,175 | 5,883 | |
9903 |
-11,883 | -5,822 | |
9904 |
-11,883 | -5,822 | |
9905 |
-11,883 | -5,822 | |
| Appropriation of the result | |||
9906 |
-17,705 | -5,822 | |
14P |
-5,822 | - | |
| Document | |||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | 2,723 | ||
| -10,267 | - | ||
| -8,129 | 14,338 | ||
| -21.5% | 11.6% | ||
| 0.75 | 1.40 | ||
| 0.46 | 0.89 | ||
| - | 7.60 | ||
| - | -94.2% | ||
| -44.7% | -11.0% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 |
|---|---|---|
| Financial fixed assets | - | €2,723 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on SUNCELL
The operating result for 2025 is a loss of €8,708, after a profit of €61 in 2024.
Equity is negative. Debt (€32,301) exceeds the balance-sheet total (€26,596).
Board & ownership
Board
1 director, no change since 2025TENERGY BV
Director (not named in the articles), permanent representative SPEHL Etienne Paul Martin Edgard
appointed by deed of 18-04-2023
term without a fixed end
Permanent representatives 1
SPEHL Etienne Paul Martin Edgard
Permanent representative, for TENERGY
appointed by deed of 18-04-2023
Mandates through the years
2 names, the dashed line is todayBoardEarlier
Mandates as a list
- TENERGY
- Director (not named in the articles), appointed by deed of 18-04-2023, still in office
- OAK EYE
- Director (not named in the articles), appointed by deed of 18-04-2023, until 21-08-2025
Control
Capital
- Contribution
- €12,000
- Shares
- 100
- Contribution per share
- €120
- Equity per share
- -€57.05 in 2025
- Source
- deed of 18-04-2023
Articles of association
deed of 18-04-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of December at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Pour quelque cause et à quelque moment, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments”
Shareholders
At incorporation
deed of 18-04-2023 ↗
Network & group
No group
SUNCELL has no parent and no holdings in its annual accounts. TENERGY is the only director. SUNCELL shares no director with another company.
At the same address
rue de la Boisette 18, 1340 Ottignies-Louvain-la-Neuve · 5 other companies| TAM IMMO
establishment since 14-02-2023 · founded in 2023 · negative equity (2025) |
total assets €518,619 (2025) 0798.434.516 |
| LM Médical
registered office since 01-10-2019 · founded in 2019 |
total assets €56,692 (2025) 0735.524.571 |
| TENERGY
registered office since 12-04-2023 · founded in 2023 |
total assets €20,286 (2025) 0800.666.803 |
| Spehl, Hélène (sole trader)
establishment since 02-09-2022 |
founded in 2022 0791.979.957 |
| Vandenbroucke, Benjamin (sole trader)
establishment since 09-04-2018 |
founded in 2018 0693.995.408 |
Timeline
Timeline
6 events since 2023Board
Filings
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 30-04-2027
2026
Annual accounts 2025 filed PDFmicro format · 11 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0800747965
Registered office moved from Villers-la-Ville to Ottignies-Louvain-la-NeuveNew registered office: Rue de la Boisette 18, 1340 Ottignies-Louvain-la-Neuve · Previous registered office: Rue du Try 49 à 1495 Villers-la-Ville · Resignation: OAK EYE (director)2 points ▸
- Director resignation, OAK EYE
- Registered-office move, Rue de la Boisette 18, 1340 Ottignies-Louvain-la-Neuve
- The deed holds 1 more point.
Annual accounts 2024 filed PDFmicro format · 34 days before the deadline
2023
- Founder, TENERGY (comparante)
- Founder, OAK EYE (comparante)
- Founding capital, €12,000, 100 shares
- 100 shares
- Registered office clause, rue du Try 49, 1495 Villers-la-Ville
- Board rule, 2
- Director appointment, TENERGY (director (not named in the articles))
- Permanent representative, SPEHL Etienne Paul Martin Edgard
- Director appointment, OAK EYE (director (not named in the articles))
- Permanent representative, ROBIEFROID Pascal Paul Alec Frederic
- The deed holds 4 more points.
First establishment Rue de la Boisette 18, Ottignies-Louvain-la-Neuve
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0800.747.965
- VAT number
- BE 0800.747.965
- Peppol ID
- 0208:0800747965
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-04-2023
- Financial year
- ends on 30 September
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of December at 18:00deed of 18-04-2023 (in French)
- Peppol
- Reachable since 27-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SUNCELL in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 18-04-2023 (in French)
Activities
NACEBEL 202543211
General electrical installation work main activity
43230
Insulation installation
43410
Roofing work
Codes under NACEBEL 2008
43211
Specialised construction activities main activity
42220
Construction of utility projects for electricity and telecommunications
43291
Specialised construction activities
43299
Specialised construction activities
43910
Specialised construction activities
46190
Wholesale trade
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’exploitation d’entreprise générale de toiture, d’isolation et performance énergétique du bâtiment au sens large, d’électricité, de…”deed of 18-04-2023 (in French)
Text of the purpose
“L’exploitation d’entreprise générale de toiture, d’isolation et performance énergétique du bâtiment au sens large, d’électricité, de commercialisation et de placement de panneaux photovoltaïques, batteries domestiques et borne de recharge au sens le plus large”
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Boisette 18 registered office 1340 Ottignies-Louvain-la-Neuve | 14-04-2023 | 2.344.404.678 |
1 former office
- Rue du Try 49, 1495 Villers-la-Ville until the deed of 09-10-2025
Buildings and parcels at the address
- Ground area
- 3,530 m²
- Buildings
- 143 m²
- Volume, LiDAR
- 1,019 m³
- Tallest building
- 10.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25083F0469/00B000 | 3,530 m² | 1 · 142 m² | 10.5 m · 2 |
Contact
E-mail
etienne@suncell.be
Phone
+32 460 94 48 52
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0800.747.965