SUNPART
ActiveSummary
SUNPART has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.2m and a net result of -€562,854. Equity is shrinking by ~8.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-9
Solvency80▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.06 in 2024; short-term debt: 45.1% and cash: 0.3% of total assets), and 45.1% of the assets are financed with debt.
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Signals
Six 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.9%
Return on assets
-5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€562,854
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
2 d early
2020
11 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€562,854▼ 21.0%
2024 · -€465,267
Working capital
-€5.0m▼ 6.7%
2024 · -€4.7m
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
Line20212022202320242025
Operating result-€869,708▼ 3.6%-€821,204▲ 5.6%-€671,959▲ 18.2%-€257,604▲ 61.7%-€406,811▼ 57.9%
Net result-€907,044▼ 4.0%-€880,820▲ 2.9%-€860,641▲ 2.3%-€465,267▲ 45.9%-€562,854▼ 21.0%
Equity€8.9m▼ 9.2%€8.1m▼ 9.9%€7.2m▼ 10.7%€6.7m▼ 6.5%€6.2m▼ 8.4%
Total assets€13.3m▼ 6.3%€12.4m▼ 6.8%€11.7m▼ 5.7%€11.8m▲ 0.9%€11.2m▼ 4.5%
Debt€4.3m▲ 0.4%€4.3m▼ 0.4%€4.5m▲ 3.6%€5.0m▲ 12.8%€5.1m▲ 0.8%
Working capital-€4.3m=-€4.2m▲ 2.5%-€4.4m▼ 6.0%-€4.7m▼ 6.3%-€5.0m▼ 6.7%
Staff (FTE)00
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €406,811 in 2025 against €257,604 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.2m
Fixed assets
€11.2m ▼ 2.2%
Current assets
€41,974 ▼ 86.8%
Equity and liabilities €11.2m
Equity
€6.2m ▼ 8.4%
Debt
€5.1m ▲ 0.8%
Debt's share of the balance-sheet total rises from 42.8% to 45.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€64,621▼
2024 · €187,135
Cash flow
-€220,664▼
2024 · -€20,527
Current ratio
0.01▼
2024 · 0.06
Debt to equity
0.82▲
2024 · 0.75
ROE
-9.1%▼
2024 · -6.9%
ROA
-5.0%▼
2024 · -4.0%
Interest coverage
-0.41▼
2024 · 0.90
Debt ≤ 1 year
€5.1m▲
2024 · €5.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €245,302 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €745,992 | €701,879 | €599,597 | €444,739 | €342,190 | ▼ 23.1% |
| Other operating charges640/8 | €10,254 | €10,559 | €7,610 | €15,854 | €12,349 | ▼ 22.1% |
| Gross operating margin9900 | -€113,462 | -€108,767 | -€64,753 | €202,989 | -€52,272 | ▼ 126% |
| Operating profit (loss)9901 | -€869,708 | -€821,204 | -€671,959 | -€257,604 | -€406,811 | ▼ 57.9% |
| Financial income75/76B | €6,466 | €3,805 | €852 | €0 | - | - |
| Recurring financial income75 | €6,466 | €3,805 | €852 | €0 | - | - |
| Financial charges65/66B | €43,801 | €63,421 | €189,533 | €207,662 | €156,043 | ▼ 24.9% |
| Recurring financial charges65 | €43,801 | €63,421 | €189,533 | €207,662 | €156,043 | ▼ 24.9% |
| Profit (loss) for the period before taxes9903 | -€907,044 | -€880,820 | -€860,641 | -€465,267 | -€562,854 | ▼ 21.0% |
| Profit (loss) for the period9904 | -€907,044 | -€880,820 | -€860,641 | -€465,267 | -€562,854 | ▼ 21.0% |
| Profit (loss) for the period to be appropriated9905 | -€907,044 | -€880,820 | -€860,641 | -€465,267 | -€562,854 | ▼ 21.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.3m | €12.4m | €11.7m | €11.8m | €11.2m | ▼ 4.5% |
| Fixed assets21/28 | €13.2m | €12.2m | €11.6m | €11.5m | €11.2m | ▼ 2.2% |
| Tangible fixed assets22/27 | €7.0m | €6.4m | €5.9m | €5.7m | €5.4m | ▼ 4.4% |
| Land and buildings22 | €6.3m | €5.7m | €5.1m | €4.9m | €4.7m | ▼ 5.2% |
| Plant, machinery and equipment23 | - | - | €21,671 | €29,710 | €37,973 | ▲ 27.8% |
| Furniture and vehicles24 | €21,276 | €33,315 | €50,067 | €50,568 | €52,113 | ▲ 3.1% |
| Other tangible fixed assets26 | €651,550 | €651,550 | €651,550 | €651,550 | €651,550 | = |
| Financial fixed assets28 | €6.3m | €5.9m | €5.8m | €5.8m | €5.8m | = |
| Current assets29/58 | €33,061 | €120,233 | €26,402 | €318,892 | €41,974 | ▼ 86.8% |
| Amounts receivable within one year40/41 | €11,343 | €7,506 | €580 | €271,784 | €3,750 | ▼ 98.6% |
| Trade receivables40 | €11,343 | €7,506 | €580 | €6,711 | €3,750 | ▼ 44.1% |
| Other amounts receivable41 | - | - | - | €265,074 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €21,358 | €112,366 | €25,334 | €47,108 | €38,224 | ▼ 18.9% |
| Deferred charges and accrued income490/1 | €360 | €361 | €488 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.3m | €12.4m | €11.7m | €11.8m | €11.2m | ▼ 4.5% |
| Equity10/15 | €8.9m | €8.1m | €7.2m | €6.7m | €6.2m | ▼ 8.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €7.2m | €7.2m | €7.1m | €6.7m | €6.1m | ▼ 8.4% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €7.2m | €7.2m | €7.1m | €6.7m | €6.1m | ▼ 8.4% |
| Profit (loss) carried forward14 | €1.6m | €760,173 | €0 | - | - | - |
| Amounts payable17/49 | €4.3m | €4.3m | €4.5m | €5.0m | €5.1m | ▲ 0.8% |
| Amounts payable within one year42/48 | €4.3m | €4.3m | €4.5m | €5.0m | €5.1m | ▲ 0.8% |
| Financial debts43 | €4.3m | €4.3m | €4.4m | €5.0m | €5.1m | ▲ 0.8% |
| Other loans439 | €4.3m | €4.3m | €4.4m | €5.0m | €5.1m | ▲ 0.8% |
| Trade debts44 | €71,801 | €53,280 | €23,869 | €21,503 | €20,484 | ▼ 4.7% |
| Suppliers440/4 | €71,801 | €53,280 | €23,869 | €21,503 | €20,484 | ▼ 4.7% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€907,044 | -€880,820 | -€860,641 | -€465,267 | -€562,854 | ▼ 21.0% |
| + Depreciation and write-downs630 | €745,992 | €701,879 | €599,597 | €444,739 | €342,190 | ▼ 23.1% |
| Operating cash flow (approximation) | -€161,052 | -€178,941 | -€261,044 | -€20,527 | -€220,664 | ▼ 975% |
| Investment in fixed assets (approximation) | - | €284,634 | €11,624 | -€259,616 | -€95,236 | ▲ 63.3% |
| Change in cash | - | €91,008 | -€87,032 | €21,774 | -€8,884 | ▼ 141% |
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
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Grimbergen · 1 establishment unit since 2002
Ground area
1,260 m²
Building footprint
162 m²
Volume, LiDAR
933 m³
Parcel 23005A0214/00W000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
G. De Donderstraat 35, 1852 Grimbergen
since 20022.098.761.581
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23005A0214/00W000 | Flanders | 1,260 m² | 1 · 162 m² | 9.0 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.
Structure & network
Owners and holdings
3 holdings · 2 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
98.74%
-
49%
-
41.62%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
THINK INVEST 98.74%1 subsidiary
- Artimex SARLFR 100%
According to the 2025 annual accounts of SUNPART and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded18-05-2001
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474836378
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.