Sunlogics
Open bankruptcyFinancials · financial year 2023, abbreviated format
Equity
€416,014▲ 41.3%
2022 · €294,461
Total assets
€2.7m▼ 36.6%
2022 · €4.2m
Net result
€121,554▲ 54.4%
2022 · €78,745
Working capital
€411,134▲ 335%
2022 · €94,472
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result falls in 2023; 2023 is 29% below 2022.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.1m
2023
Net result€0.1m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€2.7m
2023
Equity€0.4m
2023
Debt€2.3m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.5%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency15.5%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.24
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)18.4
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 27, Manufacture of electrical equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.06m-€0.2m▲ 288%€0.04m▼ 83.9%€0.2m▲ 328%€0.1m▼ 28.9%
Net result€0.02m-€0.2mabove the sector's middle half▲ 11×€0.02mwithin the sector's middle half▼ 91.0%€0.08mwithin the sector's middle half▲ 383%€0.1mwithin the sector's middle half▲ 54.4%
Equity€0.2m-€0.2mwithin the sector's middle half▲ 18.6%€0.2mwithin the sector's middle half▲ 8.2%€0.3mwithin the sector's middle half▲ 36.5%€0.4mwithin the sector's middle half▲ 41.3%
Total assets€0.9m-€1.8mwithin the sector's middle half▲ 95.4%€1.3mwithin the sector's middle half▼ 31.0%€4.2mabove the sector's middle half▲ 237%€2.7mwithin the sector's middle half▼ 36.6%
Debt€0.8m-€1.6m▲ 112%€1.0m▼ 35.8%€3.9m▲ 278%€2.3m▼ 42.4%
Working capital€0.006m-€0.1mwithin the sector's middle half▲ 17×€0.2mwithin the sector's middle half▲ 82.0%€0.09mwithin the sector's middle half▼ 47.8%€0.4mwithin the sector's middle half▲ 335%
Solvency18.1%-11.0%below the sector's middle half▼ 7.1pp17.2%below the sector's middle half▲ 6.2pp7.0%below the sector's middle half▼ 10.2pp15.5%below the sector's middle half▲ 8.6pp
Current ratio1.01-1.07below the sector's middle half▲ 0.061.24within the sector's middle half▲ 0.171.03below the sector's middle half▼ 0.221.24within the sector's middle half▲ 0.22
Return on assets (ROA)1.8%-10.0%within the sector's middle half▲ 8.2pp1.3%below the sector's middle half▼ 8.7pp1.9%within the sector's middle half▲ 0.6pp4.5%within the sector's middle half▲ 2.7pp
Staff (FTE)11.2-12.5within the sector's middle half▲ 11.6%12within the sector's middle half▼ 4.0%14.4within the sector's middle half▲ 20.0%18.4above the sector's middle half▲ 27.8%
above
within
below
the middle half of NACE 27, Manufacture of electrical equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Why a figure moved sharply
- 2020 Net result +1,001% on 2019. The previous financial year ran 21 months, this one 12.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.7m
Fixed assets
€564,414 ▲ 54.9%
Current assets
€2.1m ▼ 45.2%
Equity and liabilities €2.7m
Equity
€416,014 ▲ 41.3%
Debt
€2.3m ▼ 42.4%
Debt's share of the balance-sheet total falls from 93.0% to 84.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€201,580▼
2022 · €217,724
Cash flow
€213,258▲
2022 · €141,995
Quick ratio
0.71▲
2022 · 0.48
Debt to equity
5.43▼
2022 · 13.33
ROE
29.2%▲
2022 · 26.7%
Interest coverage
4.79▼
2022 · 12.76
Debt ≤ 1 year
€1.7m▼
2022 · €3.8m
Debt > 1 year
€559,533▲
2022 · €162,301
Income taxes
€57,995▲
2022 · €51,404
Staff costs
€1.1m▲
2022 · €823,609
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0.4m | €0.8m | €1.1m | ▲ 29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.06m | €0.06m | €0.06m | €0.09m | ▲ 45.0% |
| Other operating charges640/8 | - | - | €0.006m | €0.008m | €0.005m | ▼ 29.7% |
| Non-recurring operating charges66A | - | - | €0.1m | - | - | - |
| Gross operating margin9900 | €0.9m | €0.8m | €0.6m | €1.0m | €1.3m | ▲ 21.2% |
| Operating profit (loss)9901 | €0.06m | €0.2m | €0.04m | €0.2m | €0.1m | ▼ 28.9% |
| Financial income75/76B | - | - | €0.001m | - | €0.2m | - |
| Recurring financial income75 | €203 | €0.002m | €0.001m | - | €0.007m | - |
| Non-recurring financial income76B | - | - | - | - | €0.2m | - |
| Financial charges65/66B | - | - | €0.01m | €0.02m | €0.09m | ▲ 258% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.01m | €0.02m | €0.04m | ▲ 147% |
| Non-recurring financial charges66B | - | - | - | €0.007m | €0.05m | ▲ 521% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.2m | €0.03m | €0.1m | €0.2m | ▲ 38.0% |
| Income taxes67/77 | €0.03m | €0.02m | €0.01m | €0.05m | €0.06m | ▲ 12.8% |
| Profit (loss) for the period9904 | €0.02m | €0.2m | €0.02m | €0.08m | €0.1m | ▲ 54.4% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.2m | €0.02m | €0.08m | €0.1m | ▲ 54.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.9m | €1.8m | €1.3m | €4.2m | €2.7m | ▼ 36.6% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.4m | €0.6m | ▲ 54.9% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.4m | €0.6m | ▲ 54.9% |
| Land and buildings22 | - | - | €0.2m | €0.2m | €0.4m | ▲ 95.3% |
| Plant, machinery and equipment23 | - | - | €0.03m | €0.02m | €0.01m | ▼ 40.9% |
| Furniture and vehicles24 | - | - | €0.07m | €0.1m | €0.1m | ▲ 6.5% |
| Current assets29/58 | €0.6m | €1.5m | €0.9m | €3.9m | €2.1m | ▼ 45.2% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.5m | €2.1m | €0.9m | ▼ 55.7% |
| Stocks30/36 | - | - | €0.5m | €2.1m | €0.9m | ▼ 55.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.7m | €0.4m | €1.7m | €1.1m | ▼ 35.1% |
| Trade receivables40 | - | - | €0.3m | €1.5m | €0.9m | ▼ 36.3% |
| Other amounts receivable41 | - | - | €0.2m | €0.3m | €0.2m | ▼ 28.0% |
| Cash at bank and in hand54/58 | €0.04m | €0.4m | €0.02m | €0.07m | - | - |
| Deferred charges and accrued income490/1 | - | - | €0.001m | - | €0.08m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.9m | €1.8m | €1.3m | €4.2m | €2.7m | ▼ 36.6% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 41.3% |
| Contributions10/11 | €0.03m | - | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Non-distributable reserves130/1 | - | - | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 45.5% |
| Amounts payable17/49 | €0.8m | €1.6m | €1.0m | €3.9m | €2.3m | ▼ 42.4% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.2m | €0.2m | €0.6m | ▲ 245% |
| Financial debts170/4 | - | - | €0.2m | €0.2m | €0.6m | ▲ 247% |
| Other amounts payable178/9 | - | - | €0.001m | €0.001m | €0.001m | = |
| Amounts payable within one year42/48 | €0.6m | €1.4m | €0.7m | €3.8m | €1.7m | ▼ 54.8% |
| Current portion of amounts payable after more than one year42 | - | - | €0.06m | €0.03m | €0.2m | ▲ 382% |
| Financial debts43 | - | - | €0.2m | €0.2m | €0.2m | ▲ 8.5% |
| Credit institutions430/8 | - | - | €0.2m | €0.2m | €0.2m | ▲ 8.5% |
| Trade debts44 | €0.3m | €1.0m | €0.1m | €0.9m | €0.6m | ▼ 27.1% |
| Suppliers440/4 | - | - | €0.1m | €0.9m | €0.6m | ▼ 27.1% |
| Advances received on contracts in progress46 | - | - | - | €2.0m | €0.4m | ▼ 80.5% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.5m | €0.3m | ▼ 45.4% |
| Taxes450/3 | - | - | €0.08m | €0.3m | €0.1m | ▼ 67.4% |
| Remuneration and social security454/9 | - | - | €0.04m | €0.1m | €0.1m | ▲ 21.4% |
| Other amounts payable47/48 | - | - | €0.2m | €0.2m | €0.03m | ▼ 85.4% |
| Accrued charges and deferred income492/3 | - | - | €0.1m | €0.002m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,464 | €181,227 | €16,299 | €78,745 | €121,554 | ▲ 54.4% |
| + Depreciation and write-downs630 | €86,467 | €58,629 | €62,378 | €63,250 | €91,704 | ▲ 45.0% |
| Operating cash flow (approximation) | €102,931 | €239,856 | €78,678 | €141,995 | €213,258 | ▲ 50.2% |
| Investment in fixed assets (approximation) | - | -€112,500 | -€51,763 | -€101,610 | -€291,632 | ▼ 187% |
| Change in cash | - | €341,348 | -€362,883 | €49,722 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2023 | abbreviated format | 15-03-2024 | 2024-00044077 |
| 30-09-2022 | abbreviated format | 25-04-2023 | 2023-00065039 |
| 30-09-2021 | abbreviated format | 10-05-2022 | 2022-20023854 |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12500600 |
| 30-09-2019 | abbreviated format | 20-02-2020 | 2020-05400180 |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-19700393 |
| 31-12-2016 | abbreviated format | 11-05-2017 | 2017-11800334 |
| 31-12-2015 | abbreviated format | 04-03-2016 | 2016-05900221 |
| 31-12-2014 | abbreviated format | 18-05-2015 | 2015-12100369 |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-51300206 |
Similar companies · same sector, comparable size
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Of the 259 active companies whose main activity is manufacture of electrical equipment (NACE 27110), figures are known for 173. 123 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €5,880 awarded · €5,880 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €2,250 | €2,250 |
| 2023 | 1 | €3,630 | €3,630 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.