SUNPOLIS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 22 filings
Every figure per financial year
The operating result for 2025 is a loss of €3,954, larger than the loss of €3,290 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,112 | €172 | €2,023 | €1,145 | €1,158 | ▲ 1.1% |
| Gross operating margin9900 | €21,473 | -€2,045 | €4,679 | -€1,843 | -€1,800 | -€4,220 | -€2,145 | -€2,796 | ▼ 30.4% |
| Operating profit (loss)9901 | €20,925 | -€2,511 | €4,223 | -€2,955 | -€1,972 | -€6,243 | -€3,290 | -€3,954 | ▼ 20.2% |
| Financial income75/76B | - | - | - | €12,833 | €13,468 | €13,083 | €9,788 | €8,853 | ▼ 9.5% |
| Recurring financial income75 | €589 | €10,921 | €11,145 | €12,833 | €13,468 | €13,083 | €9,788 | €8,853 | ▼ 9.5% |
| Financial charges65/66B | - | - | - | €19,995 | €22,933 | €23,143 | €19,001 | €15,246 | ▼ 19.8% |
| Recurring financial charges65 | €795 | €20,507 | €19,928 | €19,995 | €22,933 | €23,143 | €19,001 | €15,246 | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | €20,719 | -€12,097 | -€4,560 | -€10,116 | -€11,437 | -€16,304 | -€12,504 | -€10,347 | ▲ 17.2% |
| Income taxes67/77 | €4,870 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €15,849 | -€12,097 | -€4,560 | -€10,116 | -€11,437 | -€16,304 | -€12,504 | -€10,347 | ▲ 17.2% |
| Profit (loss) for the period to be appropriated9905 | €15,849 | -€12,097 | -€4,560 | -€10,116 | -€11,437 | -€16,304 | -€12,504 | -€10,347 | ▲ 17.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.04m | €2.2m | €2.3m | €2.3m | €2.3m | €2.3m | €1.3m | €1.3m | ▲ 0.5% |
| Current assets29/58 | €0.04m | €2.2m | €2.3m | €2.3m | €2.3m | €2.3m | €1.3m | €1.3m | ▲ 0.5% |
| Amounts receivable after more than one year29 | - | - | - | €2.2m | €2.2m | €2.2m | €1.3m | €1.3m | = |
| Other amounts receivable291 | - | - | - | €2.2m | €2.2m | €2.2m | €1.3m | €1.3m | = |
| Amounts receivable within one year40/41 | €0.04m | €10 | €0.03m | €0.03m | €0.04m | €0.04m | €0.05m | €0.05m | ▲ 13.8% |
| Trade receivables40 | - | - | - | - | €360 | €0 | - | - | - |
| Other amounts receivable41 | - | - | - | €0.03m | €0.04m | €0.04m | €0.05m | €0.05m | ▲ 13.8% |
| Cash at bank and in hand54/58 | €0.006m | €0.001m | €0.01m | €0.001m | €0.001m | €112 | €0.004m | €0.005m | ▲ 18.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.04m | €2.2m | €2.3m | €2.3m | €2.3m | €2.3m | €1.3m | €1.3m | ▲ 0.5% |
| Equity10/15 | -€0.06m | -€0.07m | -€0.07m | -€0.08m | -€0.09m | -€0.1m | -€0.1m | -€0.1m | ▼ 8.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.08m | -€0.09m | -€0.09m | -€0.1m | -€0.1m | -€0.1m | -€0.1m | -€0.2m | ▼ 7.3% |
| Amounts payable17/49 | €0.1m | €2.3m | €2.3m | €2.3m | €2.4m | €2.4m | €1.5m | €1.5m | ▲ 1.2% |
| Amounts payable after more than one year17 | - | €1.7m | €1.7m | €1.7m | €1.8m | €1.8m | €1.3m | €1.3m | ▲ 1.0% |
| Financial debts170/4 | - | - | - | €1.7m | €1.8m | €1.8m | €1.3m | €1.3m | ▲ 1.0% |
| Amounts payable within one year42/48 | €0.1m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.1m | €0.1m | ▲ 3.2% |
| Trade debts44 | €0.05m | €0.006m | €0.002m | €0.002m | €492 | €0.006m | €0.001m | €0.004m | ▲ 174% |
| Suppliers440/4 | - | - | - | €0.002m | €492 | €0.006m | €0.001m | €0.004m | ▲ 174% |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.6m | €0.6m | €0.1m | €0.1m | ▲ 1.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,849 | -€12,097 | -€4,560 | -€10,116 | -€11,437 | -€16,304 | -€12,504 | -€10,347 | ▲ 17.2% |
| Operating cash flow (approximation) | €15,849 | -€12,097 | -€4,560 | -€10,116 | -€11,437 | -€16,304 | -€12,504 | -€10,347 | ▲ 17.2% |
| Change in cash | - | -€4,555 | €11,770 | -€12,179 | €374 | -€1,328 | €3,838 | €710 | ▼ 81.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,242 companies had the same profile as SUNPOLIS has now. Two years later, 92.8% were still going and 1.9% had gone bankrupt.
- Small
- 20 years or older
- negative equity
- a small loss
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SUNPOLIS itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,242 companies, not a prediction for SUNPOLIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-07-2026 | 2026-00320191 | |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00430200 | |
| 31-12-2023 | abbreviated format | 30-07-2024 | 2024-00300965 | |
| 31-12-2022 | abbreviated format | 24-08-2023 | 2023-00348053 | |
| 31-12-2021 | abbreviated format | 24-08-2022 | 2022-20310107 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-56300135 | |
| 31-12-2019 | abbreviated format | 23-11-2020 | 2020-71300504 | |
| 31-12-2018 | abbreviated format | 27-09-2019 | 2019-66000553 | |
| 31-12-2017 | abbreviated format | 28-09-2018 | 2018-65000220 | |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-49200412 |