SURAIN ELECTRO
ActiveSummary
The computed 12-month bankruptcy probability of SURAIN ELECTRO is 1.7% (moderate). The 2025 annual accounts show equity of €88,953 and a net result of €36,253. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 18626 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+30
Solvency57▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.63 in 2024; short-term debt: 44.3% and cash: 3.8% of total assets), but 67.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
32.3%
Return on assets
13.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
15 d early
2024
23 d early
2023
21 d early
2022
19 d early
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€88,953▲ 41.9%
2024 · €62,700
Total assets
€274,991▲ 30.8%
2024 · €210,263
Net result
€36,253▲ 506%
2024 · €5,978
Working capital
€71,490▲ 3.0%
2024 · €69,420
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€31,281-€23,444▼ 25.1%€38,862▲ 65.8%€13,275▼ 65.8%€47,746▲ 260%
Net result€21,713within the sector's middle half-€14,272within the sector's middle half▼ 34.3%€24,596above the sector's middle half▲ 72.3%€5,978within the sector's middle half▼ 75.7%€36,253above the sector's middle half▲ 506%
Equity€31,713within the sector's middle half-€45,985within the sector's middle half▲ 45.0%€57,581within the sector's middle half▲ 25.2%€62,700within the sector's middle half▲ 8.9%€88,953within the sector's middle half▲ 41.9%
Total assets€229,877within the sector's middle half-€195,956within the sector's middle half▼ 14.8%€203,899within the sector's middle half▲ 4.1%€210,263within the sector's middle half▲ 3.1%€274,991within the sector's middle half▲ 30.8%
Debt€198,165-€149,971▼ 24.3%€146,318▼ 2.4%€147,564▲ 0.9%€186,038▲ 26.1%
Working capital€5,316within the sector's middle half-€23,953within the sector's middle half▲ 351%€34,028within the sector's middle half▲ 42.1%€69,420within the sector's middle half▲ 104%€71,490within the sector's middle half▲ 3.0%
Solvency13.8%within the sector's middle half-23.5%within the sector's middle half▲ 9.7pp28.2%within the sector's middle half▲ 4.8pp29.8%within the sector's middle half▲ 1.6pp32.3%within the sector's middle half▲ 2.5pp
Current ratio1.03within the sector's middle half-1.18within the sector's middle half▲ 0.151.26within the sector's middle half▲ 0.071.63within the sector's middle half▲ 0.371.59within the sector's middle half▼ 0.04
Return on assets (ROA)9.4%within the sector's middle half-7.3%within the sector's middle half▼ 2.2pp12.1%above the sector's middle half▲ 4.8pp2.8%within the sector's middle half▼ 9.2pp13.2%above the sector's middle half▲ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 260% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274,991
Fixed assets
€81,611 ▲ 170%
Current assets
€193,380 ▲ 7.4%
Equity and liabilities €274,991
Equity
€88,953 ▲ 41.9%
Debt
€186,038 ▲ 26.1%
Debt's share of the balance-sheet total falls from 70.2% to 67.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,966▲
2024 · €25,338
Cash flow
€52,473▲
2024 · €18,041
Quick ratio
0.30▼
2024 · 0.31
Debt to equity
2.09▼
2024 · 2.35
ROE
40.8%▲
2024 · 9.5%
Interest coverage
7.24▲
2024 · 3.87
Debt ≤ 1 year
€121,890▲
2024 · €110,593
Debt > 1 year
€63,630▲
2024 · €36,971
Income taxes
€8,881▲
2024 · €3,533
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 26,975 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,109 | €15,101 | ▲ 616% |
| Remuneration, social security and pensions62 | €17,231 | €18,229 | €12,904 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,684 | €12,551 | €14,600 | €12,063 | €16,220 | ▲ 34.5% |
| Other operating charges640/8 | €1,396 | €1,204 | €2,703 | €2,152 | €1,127 | ▼ 47.6% |
| Gross operating margin9900 | €58,592 | €55,427 | €69,068 | €27,489 | €65,093 | ▲ 137% |
| Operating profit (loss)9901 | €31,281 | €23,444 | €38,862 | €13,275 | €47,746 | ▲ 260% |
| Financial income75/76B | €4,274 | €2,281 | €2,324 | €2,786 | €6,219 | ▲ 123% |
| Recurring financial income75 | €4,274 | €2,281 | €2,324 | €2,786 | €6,219 | ▲ 123% |
| Non-recurring financial income76B | €4,274 | €2,281 | €2,324 | €2,786 | €6,219 | ▲ 123% |
| Financial charges65/66B | €7,982 | €6,133 | €8,250 | €6,549 | €8,830 | ▲ 34.8% |
| Recurring financial charges65 | €7,982 | €6,133 | €8,250 | €6,549 | €8,830 | ▲ 34.8% |
| Profit (loss) for the period before taxes9903 | €27,573 | €19,591 | €32,936 | €9,511 | €45,134 | ▲ 375% |
| Income taxes67/77 | €5,861 | €5,319 | €8,339 | €3,533 | €8,881 | ▲ 151% |
| Profit (loss) for the period9904 | €21,713 | €14,272 | €24,596 | €5,978 | €36,253 | ▲ 506% |
| Profit (loss) for the period to be appropriated9905 | €21,713 | €14,272 | €24,596 | €5,978 | €36,253 | ▲ 506% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €229,877 | €195,956 | €203,899 | €210,263 | €274,991 | ▲ 30.8% |
| Fixed assets21/28 | €53,504 | €42,248 | €36,797 | €30,251 | €81,611 | ▲ 170% |
| Intangible fixed assets21 | €16,188 | €13,331 | €10,474 | €7,616 | €4,759 | ▼ 37.5% |
| Tangible fixed assets22/27 | €37,316 | €28,917 | €26,324 | €22,015 | €76,232 | ▲ 246% |
| Plant, machinery and equipment23 | €1,983 | €1,000 | €1,868 | €2,641 | €3,275 | ▲ 24.0% |
| Furniture and vehicles24 | €35,333 | €27,918 | €24,456 | €19,374 | €72,956 | ▲ 277% |
| Financial fixed assets28 | - | - | - | €620 | €620 | = |
| Current assets29/58 | €176,374 | €153,708 | €167,101 | €180,013 | €193,380 | ▲ 7.4% |
| Amounts receivable after more than one year29 | - | - | - | €8,190 | €8,190 | = |
| Other amounts receivable291 | - | - | - | €8,190 | €8,190 | = |
| Stocks and contracts in progress3 | €159,763 | €137,156 | €145,502 | €145,899 | €157,200 | ▲ 7.7% |
| Stocks30/36 | €159,763 | €137,156 | €145,502 | €145,899 | €157,200 | ▲ 7.7% |
| Amounts receivable within one year40/41 | €4,127 | €5,181 | €8,457 | €9,362 | €8,383 | ▼ 10.5% |
| Trade receivables40 | €3,337 | €4,391 | €7,767 | €4,905 | €8,383 | ▲ 70.9% |
| Other amounts receivable41 | €790 | €790 | €690 | €4,457 | - | - |
| Cash at bank and in hand54/58 | €9,496 | €7,432 | €8,282 | €11,877 | €10,459 | ▼ 11.9% |
| Deferred charges and accrued income490/1 | €2,987 | €3,940 | €4,860 | €4,684 | €9,147 | ▲ 95.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €229,877 | €195,956 | €203,899 | €210,263 | €274,991 | ▲ 30.8% |
| Equity10/15 | €31,713 | €45,985 | €57,581 | €62,700 | €88,953 | ▲ 41.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | - | - | - | €78,953 | - |
| Distributable reserves133 | - | - | - | - | €78,953 | - |
| Profit (loss) carried forward14 | €21,713 | €35,985 | €47,581 | €52,700 | - | - |
| Amounts payable17/49 | €198,165 | €149,971 | €146,318 | €147,564 | €186,038 | ▲ 26.1% |
| Amounts payable after more than one year17 | €27,016 | €20,217 | €13,244 | €36,971 | €63,630 | ▲ 72.1% |
| Financial debts170/4 | €27,016 | €20,217 | €13,244 | €36,971 | €63,630 | ▲ 72.1% |
| Amounts payable within one year42/48 | €171,058 | €129,755 | €133,073 | €110,593 | €121,890 | ▲ 10.2% |
| Current portion of amounts payable after more than one year42 | €6,632 | €6,800 | €6,972 | €20,763 | €26,985 | ▲ 30.0% |
| Financial debts43 | €38,000 | €16,500 | - | €28,900 | €35,000 | ▲ 21.1% |
| Credit institutions430/8 | €38,000 | €16,500 | - | €28,900 | €35,000 | ▲ 21.1% |
| Trade debts44 | €6,127 | €13,589 | €25,606 | €40,287 | €24,018 | ▼ 40.4% |
| Suppliers440/4 | €6,127 | €13,589 | €25,606 | €40,287 | €24,018 | ▼ 40.4% |
| Taxes, remuneration and social security45 | €20,417 | €13,541 | €15,637 | €144 | €10,885 | ▲ 7,459% |
| Taxes450/3 | €19,017 | €11,701 | €15,341 | - | €10,725 | - |
| Remuneration and social security454/9 | €1,400 | €1,840 | €296 | €144 | €160 | ▲ 11.1% |
| Other amounts payable47/48 | €99,882 | €79,324 | €84,859 | €20,498 | €25,002 | ▲ 22.0% |
| Accrued charges and deferred income492/3 | €90 | - | - | - | €518 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,713 | €14,272 | €24,596 | €5,978 | €36,253 | ▲ 506% |
| + Depreciation and write-downs630 | €8,684 | €12,551 | €14,600 | €12,063 | €16,220 | ▲ 34.5% |
| Operating cash flow (approximation) | €30,397 | €26,823 | €39,196 | €18,041 | €52,473 | ▲ 191% |
| Investment in fixed assets (approximation) | - | -€1,295 | -€9,150 | -€5,516 | -€67,580 | ▼ 1,125% |
| Change in cash | - | -€2,065 | €850 | €3,595 | -€1,418 | ▼ 139% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €36,253 ▲506%
Operating result €47,746, net result €36,253, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €5,978 ▼75.7%
Net result drops to €5,978, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Saint-Ghislain · 1 establishment unit since 2020
Ground area
160 m²
Building footprint
156 m²
Volume, LiDAR
1,216 m³
Parcel 53009A0118/00K023, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Surain Electro
since 20202.306.388.992
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009A0118/00K023 | Wallonia | 160 m² | 1 · 156 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,512 companies in sector 47540 we hold annual accounts for 806. 640 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
Founded12-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0752532235
Also
9925:BE0752532235
Registered
04-12-2025
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.