Age6 yrs
Real estate1 parcel · 3.3 ha
Summary
Conclusion
the dossier summarised in one paragraphSUNFIN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.43M and a net result of €52k. The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.7%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Timeline
What happened to this company, by date
State Gazette, CBE and NBB in one seriesA single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
10-08-2026 State Gazette act Resignations & appointments
- General meeting, 02/06/2026
- Director resignation, Sven Vlietinck (bestuurder)
- Director resignation, Jules De Clercq (bestuurder)
- Director resignation, LUDEM bv (bestuurder)
- Director resignation, Marima bv (bestuurder)
- Director resignation, Jens Ballière (bestuurder)
- Director resignation, David De Brabant (bestuurder)
- Director resignation, Tom Dehaene (bestuurder)
- Director resignation, Didier Reynaerts (bestuurder)
- Director appointment, Jens Ballière (bestuurder)
- Director appointment, David De Brabant (bestuurder)
- Director appointment, Tom Dehaene (bestuurder)
- +15 further facts in this act
2025
19-06-2025 NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-06-2024 NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06-2023 NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06-2022 NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06-2021 NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Financials
TurnoverNot published (abbreviated schema)
EBIT marginNot published (abbreviated schema)
Net result€52k
Working capital€4.69M
Financial health
FY 2024 · computed · 4 of 5 axes measured61
/ 100
Healthy
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
The score above is a single figure for the whole company. The axes below set that score, as the Health axis, beside the other dimensions, so you can see whether a good score holds everywhere or rests on one point.
Mixed profile: strong on stability, weaker on profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
61
Profitability
18
Solvency
44
Growth
-
Stability
85
Figures by fiscal year
Source: NBB · 2024Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
| Fiscal year | 2024 |
|---|---|
| Deposit | abbreviated schema |
| Revenue | - |
| EBITDA | €313k |
| Net profit | €52k |
| Cash flow | €200k |
| Staff costs | - |
| Income taxes | €24k |
| Dividends | - |
| Total assets | €8.57M |
| Equity | €1.43M |
| Debt | €7.15M |
| of which ≤ 1y | €847k |
| of which > 1y | €5.59M |
| Working capital | €4.69M |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 6.53 |
| Quick ratio | 6.20 |
| Working capital ratio | 54.7% |
| Solvency | 16.6% |
| Debt / equity | 5.01 |
| Long-term debt ratio | 3.92 |
| Interest coverage | 1.70 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.6% |
| ROE | 3.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €8.57M |
| Fixed assets | 21/28 | €3.04M |
| Formation expenses | 20 | €515 |
| Intangible fixed assets | 21 | €97k |
| Tangible fixed assets | 22/27 | €2.94M |
| Current assets | 29/58 | €5.53M |
| Stocks & contracts in progress | 3 | €280k |
| Amounts receivable within one year | 40/41 | €600k |
| Investments | 50/53 | €300k |
| Cash & bank | 54/58 | €211k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €8.57M |
| Equity | 10/15 | €1.43M |
| Contributions / capital | 10/11 | €500k |
| Reserves | 13 | €806k |
| Accumulated profits (losses) | 14 | €120k |
| Amounts payable | 17/49 | €7.15M |
| Amounts payable after one year | 17 | €5.59M |
| Amounts payable within one year | 42/48 | €847k |
| Trade debts payable within one year | 44 | €294k |
| Income statement | ||
| Gross operating margin | 9900 | €316k |
| Operating result | 9901 | €166k |
| Financial income | 75 | €95k |
| Financial charges | 65 | €185k |
| Result before taxes | 9903 | €76k |
| Income taxes | 67/77 | €24k |
| Net result for the period | 9904 | €52k |
| Result to be appropriated | 9905 | €52k |
Ratios computed by Checked.
Signals
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 34 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not confirmed | - |
| 31-12-2024 | 31-07-2025 | 19-06-2025 | 42 d early | 2025-00164552 |
| 31-12-2023 | 31-07-2024 | 12-06-2024 | 49 d early | 2024-00129939 |
| 31-12-2022 | 31-07-2023 | 21-06-2023 | 40 d early | 2023-00153419 |
| 31-12-2021 | 31-07-2022 | 09-06-2022 | 52 d early | 2022-20060064 |
| 31-12-2020 | 31-07-2021 | 03-06-2021 | 58 d early | 2021-17200135 |
Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Directors
Directors & mandates
15 directors8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Current12-07-2023 → present
-
Current19-05-2021 → present
-
Current19-05-2021 → present
-
Current19-05-2021 → present
Former directors (11)
-
Former12-07-2023 → 10-08-2026
4 events
- 10-08-2026 Resigned· Director
- 17-06-2026 Appointed· Managing director
- 02-06-2026 Appointed· Director
- 12-07-2023 Appointed· Managing director
-
Former02-06-2026 → 10-08-2026
2 events
- 10-08-2026 Resigned· Director
- 02-06-2026 Appointed· Director
-
Former02-06-2026 → 10-08-2026
3 events
- 10-08-2026 Resigned· Director
- 17-06-2026 Appointed· Chair
- 02-06-2026 Appointed· Director
-
Former23-06-2025 → 10-08-2026
3 events
- 10-08-2026 Resigned· Director
- 02-06-2026 Appointed· Director
- 23-06-2025 Appointed· Director
-
Former21-08-2025 → 10-08-2026
4 events
- 10-08-2026 Resigned· Director
- 17-06-2026 Appointed· 2de ondervoorzitter
- 02-06-2026 Appointed· Director
- 21-08-2025 Appointed· Director
6 further former directors in the mandate history. Available in Kantoor S.
See plans →
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
3 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| VGD BedrijfsrevisorenCurrent Statutory auditor · represented by Jurgen Lelie |
- | 06-06-2023 → present |
Show 2 earlier auditors
| Paul DE FAUW Statutory auditor |
- | - → 07-06-2022 |
| Steven Mattheus Statutory auditor |
- | 07-06-2022 → 18-06-2025 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Productie van elektriciteit uit niet-hernieuwbare bronnen(35110) |
| Legal form | Private limited company(610) |
| Incorporation | 06-07-2020 |
| Status | Active |
| Postal code | 8820 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationSUNFIN
since 20202.306.295.556
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3.3 ha
Buildings1
Building footprint3,272 m²
Volume (LiDAR)33,125 m³
Tallest building11.4 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0495/00K000 | Flanders | 3.3 ha | 1 · 3,272 m² | 11.4 m · 3 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgian State Gazette · acts
1 of 9 acts readOf the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
2026
10-08-2026
Resignations & appointments
- General meeting , 02/06/2026
- Director resignation, Sven Vlietinck (bestuurder)
- Director resignation, Jules De Clercq (bestuurder)
- Director resignation, LUDEM bv (bestuurder)
- Director resignation, Marima bv (bestuurder)
- Director resignation, Jens Ballière (bestuurder)
+21 further facts
Analysis
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector and regionBE 0472.244.597 · Torhout
BE 0790.476.358 · Harelbeke
BE 0686.841.954 · Oostrozebeke
BE 0423.274.346 · Pittem
BE 0789.259.504 · Brugge
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 128 of the 818 companies in this sector.
Company registry
Company registry (CBE)
Crossroads BankActivities
Productie van elektriciteit uit niet-hernieuwbare bronnen35110Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen46140Vermogensbeheer66300
Primary activity highlighted.
Names & trade names
| Legal nameNL | SUNFIN |
Registered office
Noordlaan 9
8820 Torhout, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.