SUNSWITCH GROUP
InactiveFinancials · financial year 2024, micro format
Turnover
≈ €9,600
Estimated: probably between €4,400 and €23,000
EBIT margin
Not included in this filing
Net result
-€2,403▲ 37.9%
2023 · -€3,867
Working capital
-€14,337▼ 20.1%
2023 · -€11,933
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €1,248 after a loss of €208 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.001m
2024
Net result-€0.002m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.02m
2024
Equity-€0.01m
2024
Debt€0.03m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.01m
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.003m-€0.003m▼ 20.7%-€0.002m-€0.001m▲ 35.4%€0.001m-€208€0.001m
Net result-€1.5m--€0.02m▲ 98.7%€0.001m-€0.004m-€0.001m▲ 65.0%-€0.004m▼ 187%-€0.002m▲ 37.9%
Equity€1.2m--€0.003m-€0.003m▲ 17.1%-€0.007m▼ 133%-€0.008m▼ 20.0%-€0.01m▼ 47.9%-€0.01m▼ 20.1%
Total assets€1.2m-€0.7m▼ 38.0%€0.02m▼ 96.9%€0.02m▼ 4.3%€0.002m▼ 91.2%€0.02m▲ 786%€0.02m▼ 3.3%
Debt€0.005m-€0.7m▲ 150×€0.03m▼ 96.6%€0.03m▲ 11.1%€0.01m▼ 65.0%€0.03m▲ 190%€0.03m▲ 6.3%
Working capital€0.09m--€0.7m-€0.003m▲ 99.6%-€0.007m▼ 133%-€0.008m▼ 20.0%-€0.01m▼ 47.9%-€0.01m▼ 20.1%
The turnover shown is an estimate from the gross margin.
Key figures and ratios
Solvency
-87.1%▼
2023 · -70.1%
Current ratio
0.53▼
2023 · 0.59
ROA
-14.6%▲
2023 · -22.7%
Debt ≤ 1 year
€30,792▲
2023 · €28,956
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.005m | - | - | - | - | - | - |
| Gross operating margin9900 | - | €0.008m | -€0.002m | -€0.001m | €0.001m | -€208 | €0.001m | - |
| Operating profit (loss)9901 | €0.003m | €0.003m | -€0.002m | -€0.001m | €0.001m | -€208 | €0.001m | - |
| Financial income75/76B | - | - | - | - | €421 | - | - | - |
| Recurring financial income75 | - | €220 | €323 | €323 | €421 | - | - | - |
| Financial charges65/66B | - | - | - | - | €0.003m | €0.004m | €0.004m | ▼ 0.2% |
| Recurring financial charges65 | €0.002m | €0.02m | €0.003m | €0.003m | €0.003m | €0.004m | €0.004m | ▼ 0.2% |
| Debt charges650 | €0.002m | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€1.5m | -€0.02m | €0.001m | -€0.004m | -€0.001m | -€0.004m | -€0.002m | ▲ 37.9% |
| Income taxes67/77 | €0.002m | -€76 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€1.5m | -€0.02m | €0.001m | -€0.004m | -€0.001m | -€0.004m | -€0.002m | ▲ 37.9% |
| Profit (loss) for the period to be appropriated9905 | -€1.5m | -€0.02m | €0.001m | -€0.004m | -€0.001m | -€0.004m | -€0.002m | ▲ 37.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.2m | €0.7m | €0.02m | €0.02m | €0.002m | €0.02m | €0.02m | ▼ 3.3% |
| Fixed assets21/28 | €1.1m | €0.7m | - | - | - | - | - | - |
| Intangible fixed assets21 | €0.005m | - | - | - | - | - | - | - |
| Financial fixed assets28 | €1.1m | €0.7m | - | - | - | - | - | - |
| Current assets29/58 | €0.1m | €0.02m | €0.02m | €0.02m | €0.002m | €0.02m | €0.02m | ▼ 3.3% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.02m | €0.02m | €0.001m | €0.02m | €0.02m | ▼ 2.1% |
| Trade receivables40 | - | - | - | - | €0.001m | €0.001m | - | - |
| Other amounts receivable41 | - | - | - | - | - | €0.02m | €0.02m | ▲ 1.5% |
| Cash at bank and in hand54/58 | €0.08m | €0.001m | €0.004m | €26 | €0.001m | €216 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.2m | €0.7m | €0.02m | €0.02m | €0.002m | €0.02m | €0.02m | ▼ 3.3% |
| Equity10/15 | €1.2m | -€0.003m | -€0.003m | -€0.007m | -€0.008m | -€0.01m | -€0.01m | ▼ 20.1% |
| Contributions10/11 | €12.6m | €11.4m | €11.4m | €11.4m | €11.4m | €11.4m | €11.4m | = |
| Capital10 | - | - | - | - | €11.4m | €11.4m | €11.4m | = |
| Issued capital100 | - | - | - | - | €11.4m | €11.4m | €11.4m | = |
| Profit (loss) carried forward14 | -€11.4m | -€11.4m | -€11.4m | -€11.4m | -€11.4m | -€11.4m | -€11.4m | = |
| Amounts payable17/49 | €0.005m | €0.7m | €0.03m | €0.03m | €0.01m | €0.03m | €0.03m | ▲ 6.3% |
| Amounts payable within one year42/48 | €0.005m | €0.7m | €0.03m | €0.03m | €0.01m | €0.03m | €0.03m | ▲ 6.3% |
| Financial debts43 | - | - | - | - | - | - | €228 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €228 | - |
| Trade debts44 | €0.002m | €0.001m | €209 | €0.002m | €0.001m | €228 | €0.001m | ▲ 133% |
| Suppliers440/4 | - | - | - | - | €0.001m | €228 | €0.001m | ▲ 133% |
| Other amounts payable47/48 | - | - | - | - | €0.009m | €0.03m | €0.03m | ▲ 4.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.5m | -€0.02m | €0.001m | -€0.004m | -€0.001m | -€0.004m | -€0.002m | ▲ 37.9% |
| + Depreciation and write-downs630 | €0.03m | €0.005m | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€1.4m | -€0.01m | €0.001m | -€0.004m | -€0.001m | -€0.004m | -€0.002m | ▲ 37.9% |
| Investment in fixed assets (approximation) | - | €0.4m | - | - | - | - | - | - |
| Change in cash | - | -€0.07m | €0.003m | -€0.004m | €0.001m | -€370 | - | - |
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 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 13-06-2025 | 2025-00146364 |
| 31-12-2023 | full format | 12-07-2024 | 2024-00245583 |
| 31-12-2022 | full format | 13-07-2023 | 2023-00238447 |
| 31-12-2021 | full format | 28-03-2022 | 2022-08900151 |
| 31-12-2020 | full format | 30-06-2021 | 2021-27900237 |
| 31-12-2019 | full format | 30-06-2020 | 2020-24100580 |
| 31-12-2018 | full format | 27-06-2019 | 2019-25800195 |
| 31-12-2017 | full format | 22-06-2018 | 2018-21900232 |
| 31-12-2016 | full format | 19-07-2017 | 2017-33600126 |
| 31-12-2015 | full format | 22-06-2016 | 2016-22900198 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.