SUND
ActiveSummary
SUND has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €58k. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 1235 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+63
Solvency30▲+21
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.41 against 0.47 in 2023; short-term debt: 22.7% and cash: 0.4% of total assets), and 95.1% of the assets are financed with debt.
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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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
4.9%
Return on assets
21.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1235 sector peers (2024).
NBB · sector comparisonPosition among 1235 sector peers
Solvency
better than 19%
← weakest
strongest →
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 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
7 d early
2022
32 d early
2021
32 d early
2020
31 d late
2019
5 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€13k
2023 · €-45k
Total assets
€266k▼ 3.6%
2023 · €277k
Net result
€58k
2023 · €-6k
Working capital
€-35k▼ 42.4%
2023 · €-25k
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
Line20202021202220232024
Operating result€-7k▲ 77.2%€77k€48k▼ 38.3%€3k▼ 93.2%€89k▲ 2,636%
Net result€-47k▼ 25.8%€68k€37k▼ 45.5%€-6k€58k
Equity€-143k▼ 49.6%€-76k▲ 47.2%€-39k▲ 48.8%€-45k▼ 15.7%€13k
Total assets€389k▲ 8.0%€369k▼ 5.1%€344k▼ 6.9%€277k▼ 19.5%€266k▼ 3.6%
Debt€532k▲ 16.8%€445k▼ 16.5%€382k▼ 14.0%€321k▼ 16.0%€253k▼ 21.1%
Working capital€11k▲ 158%€39k▲ 271%€23k▼ 41.7%€-25k€-35k▼ 42.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,636% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €266k
Fixed assets
€241k ▼ 5.2%
Current assets
€25k ▲ 14.7%
Equity and liabilities €266k
Equity
€13k
Debt
€253k
Debt finances 95.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€102k▲
2023 · €18k
Cash flow
€71k▲
2023 · €8k
Current ratio
0.41▼
2023 · 0.47
Debt to equity
19.56▲
2023 · -7.17
ROE
445.7%
ROA
21.7%▲
2023 · -2.2%
Interest coverage
10.58▲
2023 · 2.06
Debt ≤ 1 year
€61k▲
2023 · €47k
Debt > 1 year
€193k▼
2023 · €275k
Income taxes
€22k▲
2023 · €672
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €20k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €16k | €16k | €15k | €13k | ▼ 8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €400 | €44k | - | - |
| Other operating charges640/8 | - | €4k | €6k | €2k | €3k | ▲ 22.4% |
| Gross operating margin9900 | €24k | €97k | €69k | €65k | €105k | ▲ 63.0% |
| Operating profit (loss)9901 | €-7k | €77k | €48k | €3k | €89k | ▲ 2,636% |
| Financial income75/76B | - | €26 | €309 | - | €0 | - |
| Recurring financial income75 | €2k | €26 | €309 | - | €0 | - |
| Financial charges65/66B | - | €9k | €10k | €9k | €10k | ▲ 11.9% |
| Recurring financial charges65 | €9k | €9k | €10k | €9k | €10k | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €-47k | €68k | €38k | €-5k | €79k | ▲ 1,572% |
| Income taxes67/77 | €46 | €117 | €874 | €672 | €22k | ▲ 3,116% |
| Profit (loss) for the period9904 | €-47k | €68k | €37k | €-6k | €58k | ▲ 1,053% |
| Profit (loss) for the period to be appropriated9905 | €-47k | €68k | €37k | €-6k | €58k | ▲ 1,053% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389k | €369k | €344k | €277k | €266k | ▼ 3.6% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €300k | €285k | €270k | €255k | €241k | ▼ 5.2% |
| Intangible fixed assets21 | €4k | €2k | €826 | €0 | €0 | - |
| Tangible fixed assets22/27 | €296k | €282k | €268k | €255k | €241k | ▼ 5.2% |
| Land and buildings22 | - | €270k | €260k | €250k | €239k | ▼ 4.1% |
| Plant, machinery and equipment23 | - | €2k | €1k | €365 | €99 | ▼ 72.7% |
| Furniture and vehicles24 | - | €11k | €8k | €5k | €2k | ▼ 62.2% |
| Financial fixed assets28 | - | - | €795 | - | - | - |
| Current assets29/58 | €89k | €84k | €74k | €22k | €25k | ▲ 14.7% |
| Stocks and contracts in progress3 | €44k | €44k | €44k | - | - | - |
| Stocks30/36 | - | €44k | €44k | - | - | - |
| Amounts receivable within one year40/41 | €42k | €31k | €29k | €19k | €24k | ▲ 29.8% |
| Trade receivables40 | - | €31k | €28k | €18k | €24k | ▲ 30.6% |
| Other amounts receivable41 | - | €230 | €568 | €596 | €630 | ▲ 5.6% |
| Cash at bank and in hand54/58 | €2k | €9k | €396 | €3k | €944 | ▼ 71.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389k | €369k | €344k | €277k | €266k | ▼ 3.6% |
| Equity10/15 | €-143k | €-76k | €-39k | €-45k | €13k | ▲ 129% |
| Contributions10/11 | - | €69k | €69k | €69k | €69k | = |
| Reserves13 | €9k | €9k | €9k | €9k | €9k | = |
| Tax-exempt reserves132 | - | €9k | €9k | €9k | €9k | = |
| Profit (loss) carried forward14 | €-221k | €-154k | €-117k | €-123k | €-65k | ▲ 47.1% |
| Amounts payable17/49 | €532k | €445k | €382k | €321k | €253k | ▼ 21.1% |
| Amounts payable after more than one year17 | €450k | €399k | €331k | €275k | €193k | ▼ 29.7% |
| Financial debts170/4 | - | €399k | €331k | €275k | €193k | ▼ 29.7% |
| Amounts payable within one year42/48 | €78k | €45k | €51k | €47k | €61k | ▲ 29.5% |
| Current portion of amounts payable after more than one year42 | - | €21k | €22k | €17k | €16k | ▼ 7.4% |
| Financial debts43 | - | - | - | - | €8k | - |
| Credit institutions430/8 | - | - | - | - | €8k | - |
| Trade debts44 | €31k | €12k | €16k | €16k | €18k | ▲ 14.3% |
| Suppliers440/4 | - | €12k | €16k | €16k | €18k | ▲ 14.3% |
| Taxes, remuneration and social security45 | - | €7k | €6k | €8k | €15k | ▲ 101% |
| Taxes450/3 | - | €7k | €6k | €8k | €15k | ▲ 101% |
| Other amounts payable47/48 | - | €5k | €7k | €6k | €3k | ▼ 53.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-47k | €68k | €37k | €-6k | €58k | ▲ 1,053% |
| + Depreciation and write-downs630 | €28k | €16k | €16k | €15k | €13k | ▼ 8.4% |
| Operating cash flow (approximation) | €-19k | €84k | €53k | €8k | €71k | ▲ 740% |
| Investment in fixed assets (approximation) | - | €-469 | €-1k | €795 | €0 | ▼ 100% |
| Change in cash | - | €7k | €-9k | €3k | €-2k | ▼ 181% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €68k
Net result €68k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.14
Current ratio from 0.44 to 1.14; short-term debt falls from €269k to €30k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
14-06
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.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Waregem · 1 establishment unit since 2004
Ground area
2,999 m²
Building footprint
422 m²
Volume, LiDAR
3,189 m³
2 parcels, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SUND
since 20042.144.593.586
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0639/00S000 | Flanders | 1,581 m² | 1 · 194 m² | 12.3 m · 3 fl. |
| 34035B0172/00D002 | Flanders | 1,417 m² | 1 · 228 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,597 companies in sector 18120 we hold annual accounts for 807. 348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
18130Pre-press and pre-media services
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.