Sundo
ActiveSummary
Sundo has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172,515 and a net result of €112,366. Equity is growing by ~66.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 8085 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency43▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.34 against 5.81 in 2024; short-term debt: 22.3% and cash: 9.1% of total assets), but 81.8% of the assets are financed with debt.
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Signals
Four 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8085 sector peers (2025).
NBB · sector comparisonPosition among 8085 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
1 d early
2022
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€172,515▲ 187%
2024 · €60,148
Total assets
€948,853▲ 26.0%
2024 · €752,886
Net result
€112,366▼ 53.9%
2024 · €243,868
Working capital
€707,410▲ 17.6%
2024 · €601,761
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-€164,641--€1,083▲ 99.3%€278,011€172,687▼ 37.9%
Net result-€178,016--€20,703▲ 88.4%€243,868€112,366▼ 53.9%
Equity-€163,016--€183,719▼ 12.7%€60,148€172,515▲ 187%
Total assets€466,922-€498,384▲ 6.7%€752,886▲ 51.1%€948,853▲ 26.0%
Debt€629,938-€682,103▲ 8.3%€692,738▲ 1.6%€776,339▲ 12.1%
Working capital€372,110-€350,031▼ 5.9%€601,761▲ 71.9%€707,410▲ 17.6%
Staff (FTE)1.42▲ 42.9%3.9▲ 95.0%
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 falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €948,853
Fixed assets
€29,802 ▲ 14.8%
Current assets
€919,052 ▲ 26.4%
Equity and liabilities €948,853
Equity
€172,515 ▲ 187%
Debt
€776,339 ▲ 12.1%
Debt's share of the balance-sheet total falls from 92.0% to 81.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€185,961▼
2024 · €292,555
Cash flow
€125,641▼
2024 · €258,412
Current ratio
4.34▼
2024 · 5.81
Quick ratio
1.44▼
2024 · 2.88
Debt to equity
4.50▼
2024 · 11.52
ROE
65.1%▼
2024 · 405.4%
ROA
11.8%▼
2024 · 32.4%
Interest coverage
7.96▼
2024 · 13.87
Debt ≤ 1 year
€211,641▲
2024 · €125,170
Debt > 1 year
€560,000▼
2024 · €560,368
Income taxes
€36,953▲
2024 · €17,751
Staff costs
€200,250▲
2024 · €95,884
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €59,205 | €95,884 | €200,250 | ▲ 109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,296 | €14,432 | €14,544 | €13,275 | ▼ 8.7% |
| Other operating charges640/8 | €1,522 | €2,310 | €4,152 | €12,931 | ▲ 211% |
| Non-recurring operating charges66A | - | €2,931 | €0 | - | - |
| Gross operating margin9900 | -€153,822 | €77,796 | €392,592 | €399,142 | ▲ 1.7% |
| Operating profit (loss)9901 | -€164,641 | -€1,083 | €278,011 | €172,687 | ▼ 37.9% |
| Financial income75/76B | €344 | €1,023 | €4,705 | €9 | ▼ 99.8% |
| Recurring financial income75 | €344 | €1,023 | €4,705 | €9 | ▼ 99.8% |
| Financial charges65/66B | €13,582 | €20,466 | €21,097 | €23,376 | ▲ 10.8% |
| Recurring financial charges65 | €13,582 | €20,466 | €21,097 | €23,376 | ▲ 10.8% |
| Profit (loss) for the period before taxes9903 | -€177,879 | -€20,525 | €261,619 | €149,319 | ▼ 42.9% |
| Income taxes67/77 | €138 | €178 | €17,751 | €36,953 | ▲ 108% |
| Profit (loss) for the period9904 | -€178,016 | -€20,703 | €243,868 | €112,366 | ▼ 53.9% |
| Profit (loss) for the period to be appropriated9905 | -€178,016 | -€20,703 | €243,868 | €112,366 | ▼ 53.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €466,922 | €498,384 | €752,886 | €948,853 | ▲ 26.0% |
| Fixed assets21/28 | €32,074 | €38,800 | €25,956 | €29,802 | ▲ 14.8% |
| Intangible fixed assets21 | €23,673 | €19,145 | €12,197 | €14,361 | ▲ 17.7% |
| Tangible fixed assets22/27 | €8,402 | €19,655 | €12,059 | €13,650 | ▲ 13.2% |
| Plant, machinery and equipment23 | - | €7,281 | €5,685 | €5,275 | ▼ 7.2% |
| Furniture and vehicles24 | €8,402 | €12,374 | €6,374 | €5,935 | ▼ 6.9% |
| Other tangible fixed assets26 | - | - | - | €2,439 | - |
| Financial fixed assets28 | - | - | €1,700 | €1,790 | ▲ 5.3% |
| Current assets29/58 | €434,848 | €459,584 | €726,931 | €919,052 | ▲ 26.4% |
| Stocks and contracts in progress3 | €200,419 | €286,265 | €366,021 | €613,453 | ▲ 67.6% |
| Stocks30/36 | €200,419 | €286,265 | €366,021 | €613,453 | ▲ 67.6% |
| Amounts receivable within one year40/41 | €16,589 | €133,533 | €69,055 | €209,858 | ▲ 204% |
| Trade receivables40 | €9,751 | €108,809 | €43,040 | €166,692 | ▲ 287% |
| Other amounts receivable41 | €6,838 | €24,724 | €26,014 | €43,167 | ▲ 65.9% |
| Cash at bank and in hand54/58 | €214,776 | €24,284 | €276,653 | €86,295 | ▼ 68.8% |
| Deferred charges and accrued income490/1 | €3,064 | €15,502 | €15,201 | €9,446 | ▼ 37.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €466,922 | €498,384 | €752,886 | €948,853 | ▲ 26.0% |
| Equity10/15 | -€163,016 | -€183,719 | €60,148 | €172,515 | ▲ 187% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | - | - | €45,148 | €157,515 | ▲ 249% |
| Distributable reserves133 | - | - | €45,148 | €157,515 | ▲ 249% |
| Profit (loss) carried forward14 | -€178,016 | -€198,719 | €0 | - | - |
| Amounts payable17/49 | €629,938 | €682,103 | €692,738 | €776,339 | ▲ 12.1% |
| Amounts payable after more than one year17 | €560,000 | €564,723 | €560,368 | €560,000 | ▼ 0.1% |
| Financial debts170/4 | €560,000 | €564,723 | €560,368 | €560,000 | ▼ 0.1% |
| Amounts payable within one year42/48 | €62,738 | €109,553 | €125,170 | €211,641 | ▲ 69.1% |
| Current portion of amounts payable after more than one year42 | - | €4,239 | €4,355 | €368 | ▼ 91.5% |
| Financial debts43 | - | - | - | €100,000 | - |
| Credit institutions430/8 | - | - | - | €100,000 | - |
| Trade debts44 | €53,915 | €91,471 | €70,061 | €59,963 | ▼ 14.4% |
| Suppliers440/4 | €53,915 | €91,471 | €70,061 | €59,963 | ▼ 14.4% |
| Advances received on contracts in progress46 | €586 | €2,980 | €2,980 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €8,238 | €9,814 | €47,224 | €50,734 | ▲ 7.4% |
| Taxes450/3 | €8,238 | €315 | €21,578 | €5,291 | ▼ 75.5% |
| Remuneration and social security454/9 | - | €9,498 | €25,647 | €45,443 | ▲ 77.2% |
| Other amounts payable47/48 | - | €1,050 | €550 | €577 | ▲ 4.8% |
| Accrued charges and deferred income492/3 | €7,200 | €7,828 | €7,200 | €4,698 | ▼ 34.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€178,016 | -€20,703 | €243,868 | €112,366 | ▼ 53.9% |
| + Depreciation and write-downs630 | €9,296 | €14,432 | €14,544 | €13,275 | ▼ 8.7% |
| Operating cash flow (approximation) | -€168,720 | -€6,271 | €258,412 | €125,641 | ▼ 51.4% |
| Investment in fixed assets (approximation) | - | -€21,158 | -€1,700 | -€17,120 | ▼ 907% |
| Change in cash | - | -€190,492 | €252,369 | -€190,359 | ▼ 175% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €150,000Eq €172,515 ▲187%
2 profitable years in a row build equity to €172,515.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €243,868
Net result €243,868 after 2 loss-making years.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Kortrijk · 1 establishment unit since 2020
Ground area
554 m²
Building footprint
554 m²
Volume, LiDAR
2,563 m³
Parcel 34007A0116/00L005, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sundo
since 20202.301.551.563
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007A0116/00L005 | Flanders | 554 m² | 1 · 554 m² | 6.9 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 5 entries · 71,570 EUR awarded · 34,070 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 59,570 EUR | 28,499 EUR |
| 2024 | 2 | 12,000 EUR | 5,571 EUR |
Similar companies · same sector, comparable size
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ALPHATEAM
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KM-E
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,756. 1,221 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
Founded27-04-2020
Fiscal year end31-03
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46450Wholesale of perfume and cosmetics
82990Other business support services
Contact
Website
www.sundo.be
E-mail
info@sundo.be
Scores and ratios are computed by Checked and are not a credit decision.