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SUNVIEW

Active
Public limited companyfounded 2007active for 19 yearsHoveniersstraat 30, 2018 Antwerpen, BelgiumKBO/BCE: BE 0887.137.155

Financials · financial year 2025, full format

Annual accounts 2025 filed on 24-07-2026 at the NBB all 19 filings

Turnover
€7.2m
EBIT margin
0.4%
Net result
-€577,986
2024 · €348,677
Working capital
€2.6m▼ 20.6%
2024 · €3.3m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €704,182, after a profit of €640,020 in 2024. It is the lowest result since 2021.

Operating result-€0.7m 2025 Net result-€0.6m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€7.2m-
Operating result€0.03m-€0.2m▲ 740%€0.3m▲ 28.1%€1.0m▲ 218%€0.02m▼ 98.0%€0.2m▲ 662%€0.6m▲ 313%-€0.7m
Net result€0.01m-€0.2m▲ 24×€0.3mabove the sector's middle half▲ 26.7%€1.0mabove the sector's middle half▲ 234%€0.006mwithin the sector's middle half▼ 99.4%€0.08mwithin the sector's middle half▲ 12×€0.3mabove the sector's middle half▲ 355%-€0.6mbelow the sector's middle half
EBIT margin0.4%-
Equity€1.3m-€1.5m▲ 17.1%€1.8mabove the sector's middle half▲ 18.1%€2.8mabove the sector's middle half▲ 53.6%€2.8mabove the sector's middle half▲ 0.2%€2.9mabove the sector's middle half▲ 2.7%€3.2mabove the sector's middle half▲ 12.2%€2.6mwithin the sector's middle half▼ 18.0%
Total assets€4.9m-€4.6m▼ 6.1%€3.8mabove the sector's middle half▼ 17.4%€6.6mabove the sector's middle half▲ 72.8%€5.5mabove the sector's middle half▼ 16.6%€8.4mabove the sector's middle half▲ 52.6%€10.1mabove the sector's middle half▲ 19.2%€9.2mwithin the sector's middle half▼ 9.0%
Debt€3.6m-€3.1m▼ 14.5%€2.0m▼ 34.9%€3.9m▲ 90.0%€2.7m▼ 28.7%€5.6m▲ 103%€6.8m▲ 22.8%€6.5m▼ 4.7%
Working capital€1.3m-€1.5m▲ 16.8%€1.8mabove the sector's middle half▲ 18.4%€2.8mabove the sector's middle half▲ 53.6%€2.8mabove the sector's middle half▲ 0.3%€2.9mabove the sector's middle half▲ 2.7%€3.3mabove the sector's middle half▲ 15.6%€2.6mwithin the sector's middle half▼ 20.6%
Solvency26.4%-33.0%▲ 6.5pp47.2%within the sector's middle half▲ 14.2pp41.9%within the sector's middle half▼ 5.2pp50.4%within the sector's middle half▲ 8.5pp33.9%within the sector's middle half▼ 16.4pp31.9%within the sector's middle half▼ 2.0pp28.8%within the sector's middle half▼ 3.2pp
Current ratio1.36-1.49▲ 0.131.89within the sector's middle half▲ 0.401.72within the sector's middle half▼ 0.172.01within the sector's middle half▲ 0.291.51within the sector's middle half▼ 0.501.49within the sector's middle half▼ 0.021.40within the sector's middle half▼ 0.09
Return on assets (ROA)0.2%-5.0%▲ 4.8pp7.6%within the sector's middle half▲ 2.7pp14.7%above the sector's middle half▲ 7.1pp0.1%below the sector's middle half▼ 14.6pp0.9%within the sector's middle half▲ 0.8pp3.5%within the sector's middle half▲ 2.6pp-6.3%below the sector's middle half▼ 9.8pp
Staff (FTE)0.40.4below the sector's middle half=2within the sector's middle half▲ 400%2within the sector's middle half=2within the sector's middle half=1below the sector's middle half
above within below The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.2m
Fixed assets €12,043 ▲ 2.8%
Current assets €9.1m ▼ 9.0%
Equity and liabilities €9.2m
Equity €2.6m ▼ 18.0%
Debt €6.5m ▼ 4.7%
Debt's share of the balance-sheet total rises from 68.1% to 71.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€701,630▼
2024 · €642,604
Cash flow
-€575,434▼
2024 · €351,261
Quick ratio
0.37▼
2024 · 0.54
Debt to equity
2.48▲
2024 · 2.13
ROE
-22.0%▼
2024 · 10.9%
Interest coverage
-1.04▼
2024 · 0.62
Debt ≤ 1 year
€6.5m▼
2024 · €6.7m
Income taxes
€10,384▼
2024 · €24,454
Staff costs
€51,669▼
2024 · €58,111
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as SUNVIEW: agents in the wholesale of furniture, household goods and hardware (NACE 46150). They are comparable in size and age: total assets between €1.3m and €17m, founded between 1982 and 2014.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
SUNVIEW Antwerpen2007€9.2m€2.6m-€0.4m--€0.6m12025
Psilos BV Oud-Turnhout2008€17.4m€16.1m-€0.003m--€0.5m02026
WYDOX Izegem1982€3.2m€2.6m-€0.09m--€0.2m-2025
SOFIADIS Wavre2009€5.6m€5.4m-€1.7m€1.0m-2025
JVC Knokke-Heist2000€3.0m€0.4m€0.02m-€0.02m02025
Patri Monia Deinze2014€1.5m-€0.005m-€0.001m--€0.005m-2025
PUNCH INTERNATIONAL Knokke-Heist1987€1.3m-€0.2m€0.003m--€0.03m02025

They were chosen from the 776 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,166 companies had the same profile as SUNVIEW has now. Two years later, 2.5% had gone bankrupt and 94.2% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
2.5% went bankrupt
3.0% stopped otherwise
94.2% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of SUNVIEW itself: 0.6% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,166 companies, not a prediction for SUNVIEW. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€10.1m€9.2m▼
Fixed assets21/28€0.01m€0.01m▲
Tangible fixed assets22/27€0.008m€0.008m▲
Plant, machinery and equipment23-€0.001m
Furniture and vehicles24€0.007m€0.006m▼
Other tangible fixed assets26€0.001m€0.001m▼
Financial fixed assets28€0.004m€0.004m=
Current assets29/58€10.0m€9.1m▼
Stocks and contracts in progress3€6.4m€6.7m▲
Stocks30/36€6.4m€6.7m▲
Amounts receivable within one year40/41€3.4m€2.1m▼
Trade receivables40€2.1m€0.8m▼
Other amounts receivable41€1.3m€1.2m▼
Cash at bank and in hand54/58€0.2m€0.3m▲
Deferred charges and accrued income490/1€0.02m€0.009m▼
Equity and liabilities
Total equity and liabilities10/49€10.1m€9.2m▼
Equity10/15€3.2m€2.6m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13€3.1m€3.1m=
Non-distributable reserves130/1€0.006m€0.006m=
Reserves not available under the articles1311€0.006m€0.006m=
Distributable reserves133€3.1m€3.1m=
Profit (loss) carried forward14--€0.6m
Amounts payable17/49€6.8m€6.5m▼
Amounts payable within one year42/48€6.7m€6.5m▼
Trade debts44€3.6m€4.4m▲
Suppliers440/4€3.6m€4.4m▲
Advances received on contracts in progress46€1.6m€1.9m▲
Taxes, remuneration and social security45€0.06m€0.04m▼
Taxes450/3€0.06m€0.03m▼
Remuneration and social security454/9€0.002m€0.008m▲
Other amounts payable47/48€1.5m€0.2m▼
Accrued charges and deferred income492/3€0.1m€188▼
Income statement Code20242025
Remuneration, social security and pensions62€0.06m€0.05m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.003m€0.003m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.02m-
Other operating charges640/8€0.003m€0.2m▲
Gross operating margin9900€0.7m-€0.4m▼
Operating profit (loss)9901€0.6m-€0.7m▼
Financial income75/76B€0.8m€0.8m▲
Recurring financial income75€0.8m€0.8m▲
Financial charges65/66B€1.0m€0.7m▼
Recurring financial charges65€1.0m€0.7m▼
Profit (loss) for the period before taxes9903€0.4m-€0.6m▼
Income taxes67/77€0.02m€0.01m▼
Profit (loss) for the period9904€0.3m-€0.6m▼
Profit (loss) for the period to be appropriated9905€0.3m-€0.6m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.3m-€0.6m▼
Transfer to equity691/2€0.3m-
To other reserves6921€0.3m-
Social balance sheet
Average headcount (FTE)9087-1.0

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Turnover70€7.2m--------
Non-recurring operating income76A-----€0.003m---
Remuneration, social security and pensions62---€0.07m€0.1m€0.1m€0.06m€0.05m▼ 11.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.002m€0.002m€0.002m€0.001m€0.001m€0.001m€0.003m€0.003m▼ 1.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.1m--€0.02m--
Other operating charges640/8---€0.005m€0.003m€0.002m€0.003m€0.2m▲ 78×
Gross operating margin9900-€0.3m€0.4m€1.1m€0.3m€0.3m€0.7m-€0.4m-
Operating profit (loss)9901€0.03m€0.2m€0.3m€1.0m€0.02m€0.2m€0.6m-€0.7m-
Financial income75/76B---€0.001m€0.001m€0.5m€0.8m€0.8m▲ 4.5%
Recurring financial income75€0.005m€0.002m€0.001m€0.001m€0.001m€0.5m€0.8m€0.8m▲ 4.5%
Financial charges65/66B---€0.01m€0.01m€0.6m€1.0m€0.7m▼ 35.3%
Recurring financial charges65€0.02m€0.009m€0.01m€0.01m€0.01m€0.6m€1.0m€0.7m▼ 35.3%
Debt charges650€21--------
Profit (loss) for the period before taxes9903€0.02m€0.2m€0.3m€1.0m€0.008m€0.1m€0.4m-€0.6m-
Income taxes67/77€0.01m€0.008m€0.01m€0.02m€0.002m€0.03m€0.02m€0.01m▼ 57.5%
Profit (loss) for the period9904€0.01m€0.2m€0.3m€1.0m€0.006m€0.08m€0.3m-€0.6m-
Profit (loss) for the period to be appropriated9905€0.01m€0.2m€0.3m€1.0m€0.006m€0.08m€0.3m-€0.6m-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€4.9m€4.6m€3.8m€6.6m€5.5m€8.4m€10.1m€9.2m▼ 9.0%
Fixed assets21/28€0.003m€0.008m€0.006m€0.01m€0.009m€0.008m€0.01m€0.01m▲ 2.8%
Tangible fixed assets22/27€0.003m€0.004m€0.002m€0.006m€0.005m€0.003m€0.008m€0.008m▲ 4.2%
Plant, machinery and equipment23-------€0.001m-
Furniture and vehicles24---€0.004m€0.003m€0.002m€0.007m€0.006m▼ 13.1%
Other tangible fixed assets26---€0.002m€0.001m€0.001m€0.001m€0.001m▼ 23.5%
Financial fixed assets28-€0.005m€0.005m€0.005m€0.005m€0.005m€0.004m€0.004m=
Current assets29/58€4.9m€4.6m€3.8m€6.6m€5.5m€8.4m€10.0m€9.1m▼ 9.0%
Stocks and contracts in progress3€3.3m€3.5m€2.6m€3.5m€3.3m€4.8m€6.4m€6.7m▲ 5.3%
Stocks30/36---€3.5m€3.3m€4.8m€6.4m€6.7m▲ 5.3%
Amounts receivable within one year40/41€1.1m€0.7m€0.9m€2.7m€1.7m€2.7m€3.4m€2.1m▼ 39.4%
Trade receivables40---€2.4m€1.1m€2.1m€2.1m€0.8m▼ 60.5%
Other amounts receivable41---€0.3m€0.6m€0.6m€1.3m€1.2m▼ 4.5%
Cash at bank and in hand54/58€0.5m€0.4m€0.3m€0.4m€0.5m€1.0m€0.2m€0.3m▲ 53.2%
Deferred charges and accrued income490/1---€0.009m€0.01m-€0.02m€0.009m▼ 50.4%
Equity and liabilities
Total equity and liabilities10/49€4.9m€4.6m€3.8m€6.6m€5.5m€8.4m€10.1m€9.2m▼ 9.0%
Equity10/15€1.3m€1.5m€1.8m€2.8m€2.8m€2.9m€3.2m€2.6m▼ 18.0%
Contributions10/11€0.06m€0.06m-€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10-----€0.06m€0.06m€0.06m=
Issued capital100-----€0.06m€0.06m€0.06m=
Reserves13€1.2m€1.5m€1.7m€2.7m€2.7m€2.8m€3.1m€3.1m=
Non-distributable reserves130/1---€0.006m€0.006m€0.006m€0.006m€0.006m=
Reserves not available under the articles1311---€0.006m€0.006m€0.006m€0.006m€0.006m=
Distributable reserves133---€2.7m€2.7m€2.8m€3.1m€3.1m=
Profit (loss) carried forward14--------€0.6m-
Amounts payable17/49€3.6m€3.1m€2.0m€3.9m€2.7m€5.6m€6.8m€6.5m▼ 4.7%
Amounts payable within one year42/48€3.6m€3.1m€2.0m€3.8m€2.7m€5.6m€6.7m€6.5m▼ 3.3%
Trade debts44€2.6m€2.2m€1.2m€3.0m€1.8m€3.3m€3.6m€4.4m▲ 22.2%
Suppliers440/4---€3.0m€1.8m€3.3m€3.6m€4.4m▲ 22.2%
Advances received on contracts in progress46-----€1.3m€1.6m€1.9m▲ 20.6%
Taxes, remuneration and social security45---€0.09m€0.1m€0.1m€0.06m€0.04m▼ 29.4%
Taxes450/3---€0.04m€0.03m€0.04m€0.06m€0.03m▼ 41.6%
Remuneration and social security454/9---€0.05m€0.08m€0.07m€0.002m€0.008m▲ 289%
Other amounts payable47/48---€0.8m€0.8m€0.8m€1.5m€0.2m▼ 89.3%
Accrued charges and deferred income492/3---€0.001m€0.002m-€0.1m€188▼ 99.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€9,550€231,024€292,822€977,577€6,313€76,574€348,677-€577,986-
+ Depreciation and write-downs630€1,527€1,688€1,742€929€1,202€1,202€2,584€2,552▼ 1.3%
Operating cash flow (approximation)€11,077€232,712€294,564€978,506€7,515€77,776€351,261-€575,434-
Investment in fixed assets (approximation)--€6,650€0-€4,934€0€1-€6,326-€2,878▲ 54.5%
Change in cash--€106,162-€19,285€36,560€95,708€539,224-€782,778€117,596-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 24-07-2026 2026-00331789 NBB
31-12-2024 abbreviated format 22-08-2025 2025-00393932 PDF
31-12-2023 abbreviated format 29-11-2024 2024-00609158 PDF
31-12-2022 abbreviated format 23-08-2023 2023-00383503 PDF
31-12-2021 abbreviated format 14-09-2022 2022-20429024 PDF
31-12-2020 abbreviated format 28-09-2021 2021-68700325 PDF
31-12-2019 abbreviated format 08-10-2020 2020-60800482 PDF
31-12-2018 full format 26-07-2019 2019-39400353 PDF
31-12-2017 full format 26-07-2018 2018-39500496 PDF
31-12-2016 full format 31-08-2017 2017-60000365 PDF

Show all 19 filings

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