SURCOUF
ActiveSURCOUF has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €34k. Equity is shrinking by ~14.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 15% of 45 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+6
Solvency38▼-17
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.29 in 2024; short-term debt: 85.5% and cash: 0.4% of total assets), and 86.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 03
Relative position
BE, all sectors
reference
Sector 03
higher
← 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
13.3%
Return on assets
3.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 45 sector peers (2025).
NBB · sector comparisonPosition among 45 sector peers
Solvency
better than 15%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €121k
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
43 d early
2023
23 d early
2022
147 d early
2021
125 d early
2020
61 d early
2019
155 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€121k▲ 39.6%
2024 · €87k
2018: €297k
2019: €263k
2020: €309k
2021: €257k
2022: €219k
2023: €90k
2024: €87k
2018 → 2025
Total assets
€915k▲ 220%
2024 · €286k
2018: €391k
2019: €356k
2020: €366k
2021: €329k
2022: €320k
2023: €356k
2024: €286k
2018 → 2025
Net result
€34k
2024 · €-4k
2018: €4k
2019: €-34k
2020: €60k
2021: €-52k
2022: €-38k
2023: €-129k
2024: €-4k
2018 → 2025
Working capital
€-681k▼ 443%
2024 · €-125k
2018: €119k
2019: €8k
2020: €89k
2021: €6k
2022: €-4k
2023: €-188k
2024: €-125k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€257k-€219k▼ 14.6%€90k▼ 58.8%€87k▼ 3.9%€121k▲ 39.6%
Operating result€-63k-€-37k▲ 41.6%€-128k▼ 248%€-3k▲ 98.0%€36k
Net result€-52k-€-38k▲ 27.9%€-129k▼ 243%€-4k▲ 97.3%€34k
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 returns to profit in 2025: €36k after a loss of €3k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €915k
Fixed assets
€813k▲ 248%
Current assets
€101k▲ 94.6%
Equity and liabilities €915k
Equity
€121k▲ 39.6%
Debt
€793k▲ 299%
The debt ratio rises from 69.6% to 86.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€134k▲
2024 · €93k
Cash flow
€133k▲
2024 · €92k
Solvency
13.3%▼
2024 · 30.4%
Current ratio
0.13▼
2024 · 0.29
Quick ratio
0.13▼
2024 · 0.29
Debt / equity
6.55▲
2024 · 2.29
ROE
28.4%▲
2024 · -4.1%
ROA
3.8%▲
2024 · -1.2%
Interest coverage
87.77▼
2024 · 88.93
Debt
€793k▲
2024 · €199k
Debt ≤ 1 year
€782k▲
2024 · €178k
Debt > 1 year
€11k▼
2024 · €21k
Staff costs
€154k▲
2024 · €146k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€286k€915k▲
Fixed assets21/28€234k€813k▲
Tangible fixed assets22/27€233k€812k▲
Plant, machinery and equipment23€218k€201k▼
Furniture and vehicles24€14k€6k▼
Assets under construction and advance payments27-€605k
Financial fixed assets28€1k€1k=
Current assets29/58€52k€101k▲
Amounts receivable within one year40/41€4k€45k▲
Trade receivables40-€30k
Other amounts receivable41€4k€15k▲
Current investments50/53€35k€49k▲
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€286k€915k▲
Equity10/15€87k€121k▲
Contributions10/11€50k€50k=
Reserves13€131k€131k=
Distributable reserves133€131k€131k=
Profit (loss) carried forward14€-94k€-60k▲
Amounts payable17/49€199k€793k▲
Amounts payable after more than one year17€21k€11k▼
Financial debts170/4€21k€11k▼
Amounts payable within one year42/48€178k€782k▲
Current portion of amounts payable after more than one year42€12k€10k▼
Trade debts44€23k€24k▲
Suppliers440/4€23k€24k▲
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€36€18▼
Remuneration and social security454/9€6k€8k▲
Other amounts payable47/48€137k€741k▲
Income statement
Code20242025
Remuneration, social security and pensions62€146k€154k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€98k▲
Other operating charges640/8€699€717▲
Gross operating margin9900€239k€289k▲
Operating profit (loss)9901€-3k€36k▲
Financial income75/76B€53€207▲
Recurring financial income75€53€207▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-4k€34k▲
Profit (loss) for the period9904€-4k€34k▲
Profit (loss) for the period to be appropriated9905€-4k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-94k€-60k▲
Profit (loss) brought forward from the previous period14P€-91k€-94k▼
Transfer from equity791/2€0-
Social balance
Average headcount (FTE)90873.53.5=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €34k
Net result €34k after 4 loss-making years.
31-12
Financial
Equity above €100kEq €121k ▲39.6%
Equity rises from €87k to €121k.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-129k
Net result drops to €-129k, the lowest in the series; recovery starts the following year.
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.56
Current ratio from 1.12 to 2.56; short-term debt falls from €68k to €57k.
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-10-2023
DALLE Francine: Resigned as Director
03-12-2021
Jaak Amnoys: Resigned as Director
27-01-2017
ARNOYS Gregory: Resigned as Manager
27-01-2017
Leyman Angelina: Resigned as Manager
26-01-2017
Beuckels Charles: Resigned as Manager
01-01-2016
DALLE Francine: Resigned as Manager
Location & real-estate footprint
Registered office, De Panne · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Parnassialaan 148660 De PanneGround area
1,059 m²
Building footprint
170 m²
Volume, LiDAR
829 m³
Parcel 38352D0520/00G000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
N.86 RUDY
since 19932.112.733.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38352D0520/00G000 | Flanders | 1,059 m² | 1 · 170 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 164,289 EUR awarded · 125,484 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 392 EUR |
| 2024 | 1 | 156,789 EUR | 117,592 EUR |
| 2022 | 1 | 7,500 EUR | 7,500 EUR |
Schemes
Subsidies visserijprojecten
Investeringssteun en andere maatregelen
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Panne2.112.733.343
Dual-learning approval
2 live approvals · 6 endedMatroos zeevisserij duaal (so)
Zeevisserij duaal (so)
Similar companies · same sector, comparable size
REDERIJ VANDERBEKEN - LOUWAGIE
BE 0427.938.759
Knokke-Heist · Eq €123k
JENS
BE 0471.408.914
Aalter · Eq €124k
REDERIJ DINI
BE 0778.968.396
Oostende · Eq €125k
MDB
BE 0469.582.641
Kaprijke · Eq €111k
REDERIJ POOLSTER
BE 0458.578.881
Knokke-Heist · Eq €133k
Of 104 companies in sector 03110 we hold annual accounts for 76. 56 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-1986
Fiscal year end31-12
Activities, NACEBEL
03110Fishing and aquaculture
05010
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.