SUNSWITCH
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Tribunal de Commerce de Nivelles
- Declared bankrupt
- 21 March 2014
- Supervising judge
- Monsieur Dewulf, Olivier
- Official Gazette
- 31-03-2014 (pdf) ↗search the document for 2014/011179
Deadlines
- Appeal or third-party opposition until
- passed on 15 April 2014Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 20 April 2014art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 12 May 2014Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 21 March 2015A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustees
- Maître BasteniereJean Noel, avocat à 1410 Waterloo, Chaussee De Louvain 241
- Maître JossartDominique, avocat à 1410 Waterloo, Chaussee De Lou-Vain 241
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- This bankruptcy was opened before April 2017 and is not in RegSol: the trustee and the registry of the enterprise court keep the file.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
Follow
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
General electrical installation work
NACE 43211
1 site
Size
€32.6mturnover 2012
- Staff
- 82.2 FTE
- Equity
- €1.7m
- Profit
- €539,743
Financial health
Open bankruptcy: no score
Structure
- Parent
- JAF HOLDING · 85%
7 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 10-07-2013, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2012
21 days early
2011
76 days late
2010
13 days early
2009
9 days late
2008
49 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- OpeningTribunal de Commerce de Nivelles…
- Annual accounts filedfinancial year 2012 · full…
- Annual accounts filedfinancial year 2011 · full…
Financials · financial year 2012, full format
Turnover
€32.6m▲ 9.4%
2011 · €29.8m
EBIT margin
3.0%▼ 1.2pp
2011 · 4.1%
Net result
€539,743▼ 13.0%
2011 · €620,055
Working capital
€1.1m▲ 27.6%
2011 · €894,369
Trend over the years
2008 to 2012, 5 financial years
The operating result falls in 2012; 2012 is 21% below 2011.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€32.6m
2012
Operating result€1.0m
2012
Net result€0.5m
2012
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.6m
2012
Equity€1.7m
2012
Debt€6.7m
2012
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.1m
2012
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin3.0%
2012
Average staff in full-time equivalents (FTE).
Staff (FTE)82.2
2012
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20082009201020112012
Turnover€19.1m€16.5m▼ 13.7%€29.8m▲ 80.7%€32.6m▲ 9.4%
Operating result€0.4m-€0.5m▲ 8.5%€0.04m▼ 92.1%€1.2m▲ 33×€1.0m▼ 21.4%
Net result€0.3m-€0.2m▼ 22.3%€0.02m▼ 87.5%€0.6m▲ 25×€0.5m▼ 13.0%
EBIT margin2.5%0.2%▼ 2.3pp4.1%▲ 3.9pp3.0%▼ 1.2pp
Equity€0.5m-€0.7m▲ 31.2%€0.7m▲ 3.7%€1.2m▲ 75.9%€1.7m▲ 42.3%
Total assets€3.9m-€4.2m▲ 7.5%€6.5m▲ 55.0%€11.5m▲ 76.4%€8.6m▼ 25.2%
Debt€3.3m-€3.4m▲ 2.4%€5.7m▲ 69.3%€10.1m▲ 76.2%€6.7m▼ 33.5%
Working capital€0.6m-€0.9m▲ 55.3%€0.6m▼ 36.9%€0.9m▲ 59.9%€1.1m▲ 27.6%
Staff (FTE)29.8-59.4▲ 99.3%62.9▲ 5.9%70.6▲ 12.2%82.2▲ 16.4%
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €8.6m
Fixed assets
€1.2m ▲ 36.2%
Current assets
€7.4m ▼ 30.3%
Equity and liabilities €8.6m
Equity
€1.7m ▲ 42.3%
Provisions
€142,866 ▼ 15.3%
Debt
€6.7m ▼ 33.5%
Debt's share of the balance-sheet total falls from 88.0% to 78.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.2m▼
2011 · €1.4m
Cash flow
€742,925▼
2011 · €800,494
Current ratio
1.18▲
2011 · 1.09
Quick ratio
0.66▼
2011 · 0.90
Debt to equity
0.10▼
2011 · 0.28
ROE
31.5%▼
2011 · 51.5%
ROA
6.3%▲
2011 · 5.4%
Interest coverage
11.10▲
2011 · 10.03
Debt ≤ 1 year
€6.2m▼
2011 · €9.7m
Debt > 1 year
€169,574▼
2011 · €341,181
Income taxes
€296,159▼
2011 · €431,845
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €19.1m | €16.5m | €29.8m | €32.6m | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.009m | €0.05m | €0.1m | €0.2m | €0.2m | ▲ 12.6% |
| Other operating charges640/8 | €0.02m | - | - | - | - | - |
| Gross operating margin9900 | €2.0m | - | - | - | - | - |
| Operating profit (loss)9901 | €0.4m | €0.5m | €0.04m | €1.2m | €1.0m | ▼ 21.4% |
| Recurring financial income75 | €0.03m | €0.002m | €0.003m | €0.005m | €0.03m | ▲ 461% |
| Recurring financial charges65 | €0.05m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 5.6% |
| Debt charges650 | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | €0.4m | €0.3m | €0.08m | €1.1m | €0.8m | ▼ 20.5% |
| Income taxes67/77 | €0.2m | €0.1m | €0.05m | €0.4m | €0.3m | ▼ 31.4% |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.02m | €0.6m | €0.5m | ▼ 13.0% |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.2m | €0.02m | €0.6m | €0.4m | ▼ 37.1% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €4.2m | €6.5m | €11.5m | €8.6m | ▼ 25.2% |
| Fixed assets21/28 | €0.07m | €0.4m | €0.7m | €0.9m | €1.2m | ▲ 36.2% |
| Intangible fixed assets21 | €0.01m | €0.02m | €0.3m | €0.3m | €0.2m | ▼ 19.6% |
| Tangible fixed assets22/27 | €0.05m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 18.4% |
| Furniture and vehicles24 | €0.05m | - | - | - | - | - |
| Financial fixed assets28 | €0.01m | €0.07m | €0.2m | €0.3m | €0.6m | ▲ 105% |
| Current assets29/58 | €3.8m | €3.8m | €5.8m | €10.6m | €7.4m | ▼ 30.3% |
| Stocks and contracts in progress3 | €1.8m | €1.8m | €1.7m | €1.8m | €3.3m | ▲ 78.8% |
| Stocks30/36 | €1.8m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.1m | €1.6m | €3.2m | €7.1m | €3.3m | ▼ 54.5% |
| Trade receivables40 | €1.1m | - | - | - | - | - |
| Other amounts receivable41 | €0.002m | - | - | - | - | - |
| Current investments50/53 | - | - | €0.2m | €0.4m | €0.06m | ▼ 86.0% |
| Cash at bank and in hand54/58 | €0.9m | €0.2m | €0.4m | €1.0m | €0.4m | ▼ 63.9% |
| Deferred charges and accrued income490/1 | €0.02m | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €4.2m | €6.5m | €11.5m | €8.6m | ▼ 25.2% |
| Equity10/15 | €0.5m | €0.7m | €0.7m | €1.2m | €1.7m | ▲ 42.3% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | €0.3m | - | - | - | - | - |
| Issued capital100 | €0.3m | - | - | - | - | - |
| Reserves13 | €0.01m | €0.02m | €0.02m | €0.03m | €0.2m | ▲ 441% |
| Legal reserve130 | €0.01m | - | - | - | - | - |
| Profit (loss) carried forward14 | €0.2m | €0.3m | €0.3m | €0.8m | €1.2m | ▲ 43.3% |
| Provisions and deferred taxes16 | €0.09m | €0.2m | €0.09m | €0.2m | €0.1m | ▼ 15.3% |
| Provisions for liabilities and charges160/5 | €0.09m | - | - | - | - | - |
| Amounts payable17/49 | €3.3m | €3.4m | €5.7m | €10.1m | €6.7m | ▼ 33.5% |
| Amounts payable after more than one year17 | €0.05m | €0.4m | €0.5m | €0.3m | €0.2m | ▼ 50.3% |
| Financial debts170/4 | €0.05m | - | - | - | - | - |
| Amounts payable within one year42/48 | €3.3m | €2.9m | €5.2m | €9.7m | €6.2m | ▼ 35.6% |
| Current portion of amounts payable after more than one year42 | €0.02m | - | - | - | - | - |
| Financial debts43 | €0.8m | - | - | - | - | - |
| Credit institutions430/8 | €0.8m | - | - | - | - | - |
| Trade debts44 | €0.6m | €0.6m | €1.0m | €1.7m | €1.7m | ▲ 0.4% |
| Suppliers440/4 | €0.6m | - | - | - | - | - |
| Advances received on contracts in progress46 | €1.2m | - | - | - | - | - |
| Taxes, remuneration and social security45 | €0.5m | - | - | - | - | - |
| Taxes450/3 | €0.2m | - | - | - | - | - |
| Remuneration and social security454/9 | €0.3m | - | - | - | - | - |
| Other amounts payable47/48 | €0.09m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €34 | - | - | - | - | - |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €253,716 | €197,130 | €24,701 | €620,055 | €539,743 | ▼ 13.0% |
| + Depreciation and write-downs630 | €8,894 | €51,030 | €130,919 | €180,439 | €203,182 | ▲ 12.6% |
| Operating cash flow (approximation) | €262,610 | €248,160 | €155,620 | €800,494 | €742,925 | ▼ 7.2% |
| Investment in fixed assets (approximation) | - | -€343,707 | -€507,903 | -€300,726 | -€516,003 | ▼ 71.6% |
| Change in cash | - | -€723,824 | €247,118 | €591,852 | -€635,400 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2012 | full format | 10-07-2013 | 2013-29400532 |
| 31-12-2011 | full format | 15-10-2012 | 2012-60900029 |
| 31-12-2010 | full format | 18-07-2011 | 2011-31300155 |
| 31-12-2009 | full format | 09-08-2010 | 2010-40400020 |
| 31-12-2008 | full format | 12-06-2009 | 2009-23100396 |
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Of the 22,634 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,502. 3,247 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 7 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Maître Basteniere Jean Noel, avocat à 1410 Waterloo, Chaussee De Louvain 241 |
21-03-2014 → present |
| Trustee | Maître Jossart Dominique, avocat à 1410 Waterloo, Chaussee De Lou-Vain 241 |
21-03-2014 → present |
Owners and capital
Owners
2 ownersChain of control
- SUNSWITCH GROUP SA
- JAF HOLDING
- SUNSWITCH
Highest known parent: SUNSWITCH GROUP SA. The sources do not say who stands above it.
Owners 2
- JAF HOLDINGparent85%
- SUNSWITCH GROUP SAconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
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History
Acts, filings and financial milestones
2014
31-03
Bankruptcy
Opening
Tribunal de Commerce de Nivelles · judgment of 21-03-2014
2013
10-07
NBB filing
Annual accounts filed
financial year 2012 · full format
2012
15-10
NBB filing
Annual accounts filed
financial year 2011 · full format · 76 days late
2011
31-12
Financial
Highest result from 2008 to 2012net €620,055 ▲2,410%
Operating result €1.2m, net result €620,055, both a record.
31-12
Financial
Equity above €1mequity €1.2m ▲75.9%
A profit in every financial year since 2008 builds equity to €1.2m.
18-07
NBB filing
Annual accounts filed
financial year 2010 · full format
2010
31-12
Financial
Weakest financial yearnet €24,701 ▼87.5%
Net result drops to €24,701, the lowest in the series.
09-08
NBB filing
Annual accounts filed
financial year 2009 · full format · 9 days late
2009
12-06
NBB filing
Annual accounts filed
financial year 2008 · full format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 7 deeds read
About the unread acts
We know of 7 Belgian Official 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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Register details
Identification
Legal formPublic limited company
Founded27-06-2007
Financial year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2007
Ground area
8.8 ha
Building footprint
654 m²
Building volume
3,995 m³
Parcel 25384A0101/00W000, Wallonia · tallest building 8.9 m. Linked by address, not a title deed.
32
companies at this address
See who is registered here
1 establishment unit
Establishment
since 2007unit no. 2.163.641.319
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25384A0101/00W000 | Wallonia | 8.8 ha | 1 · 654 m² | 8.9 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.