SUNSHINE MANAGEMENT
ActiveSummary
SUNSHINE MANAGEMENT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €23,547. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 64% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-19
Solvency94▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 3.23 against 9.56 in 2024; short-term debt: 15.1% and cash: 0.1% of total assets), and 30.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
69.1%
Return on assets
1.5%
Age of the figures
15 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
on the day
2022
on the day
2021
on the day
2020
26 d late
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23,547
2024 · -€1,492
Working capital
€543,778▼ 19.1%
2024 · €672,293
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,167▼ 459%-€44,857▼ 122%-€30,824▲ 31.3%-€15,771▲ 48.8%-€36,077▼ 129%
Net result-€5,177below the sector's middle half▲ 63.7%-€31,637below the sector's middle half▼ 511%€22,491within the sector's middle half-€1,492below the sector's middle half€23,547within the sector's middle half
Equity€1.1mabove the sector's middle half▼ 0.5%€1.1mabove the sector's middle half▼ 2.9%€1.1mwithin the sector's middle half▲ 2.1%€1.1mabove the sector's middle half▼ 0.1%€1.1mabove the sector's middle half▲ 2.1%
Total assets€1.7mabove the sector's middle half▼ 4.9%€1.6mabove the sector's middle half▼ 3.9%€1.6mwithin the sector's middle half▼ 3.2%€1.5mabove the sector's middle half▼ 4.2%€1.6mabove the sector's middle half▲ 8.1%
Debt€574,245▼ 12.5%€540,248▼ 5.9%€466,215▼ 13.7%€402,318▼ 13.7%€499,526▲ 24.2%
Working capital€761,965above the sector's middle half▼ 4.3%€710,995above the sector's middle half▼ 6.7%€689,673above the sector's middle half▼ 3.0%€672,293above the sector's middle half▼ 2.5%€543,778above the sector's middle half▼ 19.1%
Solvency65.8%within the sector's middle half▲ 2.9pp66.5%within the sector's middle half▲ 0.7pp70.2%within the sector's middle half▲ 3.6pp73.1%within the sector's middle half▲ 3.0pp69.1%within the sector's middle half▼ 4.0pp
Current ratio11.45above the sector's middle half▲ 2.138.19above the sector's middle half▼ 3.269.29above the sector's middle half▲ 1.109.56above the sector's middle half▲ 0.263.23within the sector's middle half▼ 6.33
Return on assets (ROA)-0.3%below the sector's middle half▲ 0.5pp-2.0%below the sector's middle half▼ 1.7pp1.4%within the sector's middle half▲ 3.4pp-0.1%below the sector's middle half▼ 1.5pp1.5%below the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,077 in 2025 against €15,771 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€831,210 ▲ 11.3%
Current assets
€787,474 ▲ 4.9%
Equity and liabilities €1.6m
Equity
€1.1m ▲ 2.1%
Debt
€499,526 ▲ 24.2%
Debt's share of the balance-sheet total rises from 26.9% to 30.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,571▼
2024 · €27,644
Cash flow
€69,196▲
2024 · €41,924
Debt to equity
0.45▲
2024 · 0.37
ROE
2.1%▲
2024 · -0.1%
Interest coverage
1.61▼
2024 · 4.10
Debt ≤ 1 year
€243,696▲
2024 · €78,570
Debt > 1 year
€255,817▼
2024 · €318,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,158 | €40,620 | €43,351 | €43,416 | €45,648 | ▲ 5.1% |
| Other operating charges640/8 | - | €966 | €2,482 | €1,084 | €6,521 | ▲ 501% |
| Gross operating margin9900 | €19,939 | -€3,271 | €15,008 | €28,729 | €16,092 | ▼ 44.0% |
| Operating profit (loss)9901 | -€20,167 | -€44,857 | -€30,824 | -€15,771 | -€36,077 | ▼ 129% |
| Financial income75/76B | - | €22,148 | €62,135 | €21,016 | €65,586 | ▲ 212% |
| Recurring financial income75 | €24,696 | €22,148 | €62,135 | €21,016 | €65,586 | ▲ 212% |
| Financial charges65/66B | - | €8,753 | €8,820 | €6,736 | €5,961 | ▼ 11.5% |
| Recurring financial charges65 | €9,580 | €8,753 | €8,820 | €6,736 | €5,961 | ▼ 11.5% |
| Profit (loss) for the period before taxes9903 | -€5,051 | -€31,461 | €22,491 | -€1,492 | €23,547 | ▲ 1,679% |
| Income taxes67/77 | €126 | €175 | - | - | - | - |
| Profit (loss) for the period9904 | -€5,177 | -€31,637 | €22,491 | -€1,492 | €23,547 | ▲ 1,679% |
| Profit (loss) for the period to be appropriated9905 | -€5,177 | -€31,637 | €22,491 | -€1,492 | €23,547 | ▲ 1,679% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.6m | €1.6m | €1.5m | €1.6m | ▲ 8.1% |
| Fixed assets21/28 | €845,629 | €805,009 | €790,483 | €747,067 | €831,210 | ▲ 11.3% |
| Tangible fixed assets22/27 | €844,129 | €803,509 | €788,983 | €745,567 | €829,710 | ▲ 11.3% |
| Land and buildings22 | - | €727,200 | €705,600 | €684,000 | €662,400 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | €68,329 | €77,337 | €57,369 | €162,549 | ▲ 183% |
| Furniture and vehicles24 | - | €7,091 | €5,157 | €3,310 | €1,463 | ▼ 55.8% |
| Other tangible fixed assets26 | - | €889 | €889 | €889 | €889 | = |
| Assets under construction and advance payments27 | - | - | - | - | €2,410 | - |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €834,864 | €809,851 | €772,835 | €750,863 | €787,474 | ▲ 4.9% |
| Amounts receivable after more than one year29 | - | €445,000 | €445,000 | €445,000 | €545,000 | ▲ 22.5% |
| Other amounts receivable291 | - | €445,000 | €445,000 | €445,000 | €545,000 | ▲ 22.5% |
| Amounts receivable within one year40/41 | €16,255 | €836 | €48 | - | €24,100 | - |
| Trade receivables40 | - | - | - | - | €8,709 | - |
| Other amounts receivable41 | - | €836 | €48 | - | €15,391 | - |
| Current investments50/53 | €360,863 | €360,863 | €299,620 | €299,620 | €216,203 | ▼ 27.8% |
| Cash at bank and in hand54/58 | €3,320 | €3,152 | €17,986 | €583 | €2,171 | ▲ 273% |
| Deferred charges and accrued income490/1 | - | - | €10,180 | €5,660 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.6m | €1.6m | €1.5m | €1.6m | ▲ 8.1% |
| Equity10/15 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 2.1% |
| Contributions10/11 | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €129,332 | €129,332 | €129,332 | €129,332 | €129,332 | = |
| Distributable reserves133 | - | €129,332 | €129,332 | €129,332 | €129,332 | = |
| Profit (loss) carried forward14 | -€81,683 | -€113,320 | -€90,829 | -€92,320 | -€68,773 | ▲ 25.5% |
| Amounts payable17/49 | €574,245 | €540,248 | €466,215 | €402,318 | €499,526 | ▲ 24.2% |
| Amounts payable after more than one year17 | €501,332 | €441,392 | €380,502 | €318,649 | €255,817 | ▼ 19.7% |
| Financial debts170/4 | - | €441,392 | €380,502 | €318,649 | €255,817 | ▼ 19.7% |
| Amounts payable within one year42/48 | €72,900 | €98,856 | €83,163 | €78,570 | €243,696 | ▲ 210% |
| Current portion of amounts payable after more than one year42 | - | €59,941 | €60,889 | €61,853 | €62,832 | ▲ 1.6% |
| Financial debts43 | - | - | - | €7 | - | - |
| Credit institutions430/8 | - | - | - | €7 | - | - |
| Trade debts44 | €5,138 | €9,342 | €7,613 | €4,546 | €19,937 | ▲ 339% |
| Suppliers440/4 | - | €9,342 | €7,613 | €4,546 | €19,937 | ▲ 339% |
| Taxes, remuneration and social security45 | - | €8,755 | €8,755 | €8,755 | €8,755 | = |
| Taxes450/3 | - | €8,755 | €8,755 | €8,755 | €8,755 | = |
| Other amounts payable47/48 | - | €20,818 | €5,905 | €3,409 | €152,172 | ▲ 4,364% |
| Accrued charges and deferred income492/3 | - | - | €2,550 | €5,099 | €13 | ▼ 99.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,177 | -€31,637 | €22,491 | -€1,492 | €23,547 | ▲ 1,679% |
| + Depreciation and write-downs630 | €39,158 | €40,620 | €43,351 | €43,416 | €45,648 | ▲ 5.1% |
| Operating cash flow (approximation) | €33,980 | €8,984 | €65,842 | €41,924 | €69,196 | ▲ 65.0% |
| Investment in fixed assets (approximation) | - | €0 | -€28,825 | €0 | -€129,792 | - |
| Change in cash | - | -€168 | €14,835 | -€17,404 | €1,588 | ▲ 109% |
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
10-02
State Gazette act
Capital & shares · RestructuringPermanent representative: Matthieu Paquier · Merger · Dissolution12 facts ▸
State Gazette act
Capital & shares · Restructuring
Permanent representative: Matthieu Paquier · Merger · Dissolution12 facts ▸
- General meeting, 18-12-2025
- Merger, 18-12-2025
- Dissolution, 18-12-2025
- Net-asset statement, 30-09-2025
- Accounting effect, 01-10-2025
- Permanent representative, Matthieu Paquier
- Mandate compensation, Sophie MATON
- Mandate compensation, Orkestra Partners Belgium
- Statutes amendment
- Reserve release, suppression du compte de capitaux propres statutairement indisponibles
- Purpose change, élargissement de l'objet par l'implémentation de l'activité de la société absorbée
- Power of attorney, Nicolas Louis
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €23,547
Net result €23,547 after one loss-making year.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Back to profitnet €22,491
Net result €22,491 after 4 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€31,637
Net result drops to -€31,637, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 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.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2013
Ground area
3,913 m²
Building footprint
351 m²
Volume, LiDAR
2,671 m³
2 parcels, Brussels · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Sunshine Management
since 20132.217.097.524
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0056/02E083 | Brussels | 3,669 m² | 1 · 241 m² | 12.7 m · 3 fl. |
| 21614H0055/00N051 | Brussels | 244 m² | 1 · 110 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:GROUPE HORIZON IT
Recognitions · licences · registrations
Legal Entity Identifier
894500LUYBT3R524QA54
Similar companies · same sector, comparable size
GLARECO
BE 0650.655.016
Büllingen · Eq €1,119,522
ANEDAL BELGIUM
BE 0477.393.715
Sint-Lambrechts-Woluwe · Eq €1,119,535
NIEBLA
BE 0453.459.855
Eeklo · Eq €1,119,664
MedVenture
BE 0888.413.793
Antwerpen · Eq €1,119,781
HERMANS MANAGEMENT CONSULTING
BE 0806.206.194
Bertem · Eq €1,119,983
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 26,619 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 (pre-2019)
Founded07-03-2013
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0521811005
Also
9925:BE0521811005
Registered
31-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.