SURAL
InactiveSURAL was declared bankrupt; according to the publications in the Belgian State Gazette the procedure is no longer open (latest notice 05-02-2025).
Summary
Inactive; last annual accounts for fiscal year 2024.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€14,392
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d late
2023
62 d early
2022
16 d late
2021
45 d early
2020
31 d early
2019
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€145,959▼ 9.0%
2023 · €160,352
Total assets
€236,438▼ 12.3%
2023 · €269,600
Net result
-€14,392▲ 3.5%
2023 · -€14,907
Working capital
-€27,566▼ 95.2%
2023 · -€14,124
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,036▼ 214%-€16,556▼ 65.0%-€902▲ 94.6%-€17,140▼ 1,801%-€15,562▲ 9.2%
Net result-€10,187▼ 217%-€16,587▼ 62.8%€715-€14,907-€14,392▲ 3.5%
Equity€191,130▼ 5.1%€174,543▼ 8.7%€175,258▲ 0.4%€160,352▼ 8.5%€145,959▼ 9.0%
Total assets€282,388▼ 3.4%€269,330▼ 4.6%€281,633▲ 4.6%€269,600▼ 4.3%€236,438▼ 12.3%
Debt€91,258▲ 0.3%€94,786▲ 3.9%€106,375▲ 12.2%€109,248▲ 2.7%€90,479▼ 17.2%
Working capital€10,578▼ 36.0%-€1,733€564-€14,124-€27,566▼ 95.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,562 in 2024 against €17,140 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €236,438
Fixed assets
€173,525 ▼ 0.5%
Current assets
€62,913 ▼ 33.9%
Equity and liabilities €236,438
Equity
€145,959 ▼ 9.0%
Debt
€90,479 ▼ 17.2%
Debt's share of the balance-sheet total falls from 40.5% to 38.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.70▼
2023 · 0.87
Debt to equity
0.62▼
2023 · 0.68
ROE
-9.9%▼
2023 · -9.3%
ROA
-6.1%▼
2023 · -5.5%
Debt ≤ 1 year
€90,479▼
2023 · €109,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €494 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,241 | €4,241 | €1,617 | €219 | - | - |
| Other operating charges640/8 | - | €564 | €410 | €1,073 | €62 | ▼ 94.2% |
| Non-recurring operating charges66A | - | - | - | - | €950 | - |
| Gross operating margin9900 | -€4,962 | -€11,752 | €1,125 | -€15,848 | -€14,550 | ▲ 8.2% |
| Operating profit (loss)9901 | -€10,036 | -€16,556 | -€902 | -€17,140 | -€15,562 | ▲ 9.2% |
| Financial income75/76B | - | €33 | €1,681 | €2,302 | €1,289 | ▼ 44.0% |
| Recurring financial income75 | - | €33 | €1,681 | €2,302 | €1,289 | ▼ 44.0% |
| Financial charges65/66B | - | €63 | €64 | €69 | €119 | ▲ 73.0% |
| Recurring financial charges65 | €151 | €63 | €64 | €69 | €119 | ▲ 73.0% |
| Profit (loss) for the period before taxes9903 | -€10,187 | -€16,587 | €715 | -€14,907 | -€14,392 | ▲ 3.5% |
| Profit (loss) for the period9904 | -€10,187 | -€16,587 | €715 | -€14,907 | -€14,392 | ▲ 3.5% |
| Profit (loss) for the period to be appropriated9905 | -€10,187 | -€16,587 | €715 | -€14,907 | -€14,392 | ▲ 3.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282,388 | €269,330 | €281,633 | €269,600 | €236,438 | ▼ 12.3% |
| Fixed assets21/28 | €180,552 | €176,311 | €174,695 | €174,476 | €173,525 | ▼ 0.5% |
| Tangible fixed assets22/27 | €7,027 | €2,786 | €1,169 | €950 | - | - |
| Land and buildings22 | - | €2,786 | €1,169 | €950 | - | - |
| Financial fixed assets28 | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Current assets29/58 | €101,836 | €93,018 | €106,939 | €95,124 | €62,913 | ▼ 33.9% |
| Amounts receivable within one year40/41 | €49,877 | €40,603 | €55,026 | €43,957 | €12,506 | ▼ 71.5% |
| Trade receivables40 | - | €30,216 | €37,776 | €29,726 | - | - |
| Other amounts receivable41 | - | €10,386 | €17,250 | €14,231 | €12,506 | ▼ 12.1% |
| Cash at bank and in hand54/58 | €51,958 | €52,415 | €51,912 | €51,167 | €50,407 | ▼ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282,388 | €269,330 | €281,633 | €269,600 | €236,438 | ▼ 12.3% |
| Equity10/15 | €191,130 | €174,543 | €175,258 | €160,352 | €145,959 | ▼ 9.0% |
| Contributions10/11 | €179,000 | €179,000 | €179,000 | €179,000 | €179,000 | = |
| Capital10 | - | €179,000 | €179,000 | €179,000 | €179,000 | = |
| Issued capital100 | - | €179,000 | €179,000 | €179,000 | €179,000 | = |
| Reserves13 | €112,289 | €112,289 | €112,289 | €112,289 | €112,289 | = |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | - | €109,191 | €109,191 | €109,191 | €109,191 | = |
| Profit (loss) carried forward14 | -€100,159 | -€116,746 | -€116,031 | -€130,938 | -€145,330 | ▼ 11.0% |
| Amounts payable17/49 | €91,258 | €94,786 | €106,375 | €109,248 | €90,479 | ▼ 17.2% |
| Amounts payable within one year42/48 | €91,258 | €94,751 | €106,375 | €109,248 | €90,479 | ▼ 17.2% |
| Trade debts44 | €65,391 | €64,650 | €66,530 | €75,276 | €10,050 | ▼ 86.6% |
| Suppliers440/4 | - | €64,650 | €66,530 | €75,276 | €10,050 | ▼ 86.6% |
| Taxes, remuneration and social security45 | - | €4,483 | €7,363 | €1,492 | €2,035 | ▲ 36.4% |
| Taxes450/3 | - | €4,483 | €6,963 | €1,492 | €2,035 | ▲ 36.4% |
| Remuneration and social security454/9 | - | - | €400 | - | - | - |
| Other amounts payable47/48 | - | €25,617 | €32,481 | €32,481 | €78,394 | ▲ 141% |
| Accrued charges and deferred income492/3 | - | €35 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,187 | -€16,587 | €715 | -€14,907 | -€14,392 | ▲ 3.5% |
| + Depreciation and write-downs630 | €4,241 | €4,241 | €1,617 | €219 | - | - |
| Operating cash flow (approximation) | -€5,946 | -€12,346 | €2,332 | -€14,688 | -€14,392 | ▲ 2.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €950 | - |
| Change in cash | - | €457 | -€503 | -€746 | -€760 | ▼ 2.0% |
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
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
05-02
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Antwerpen, afdeling Hasselt
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Back to profitnet €715
Net result €715 after 4 loss-making years.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€16,587
Net result drops to -€16,587, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
83%
According to the 2024 annual accounts of SURAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.