SUREC
ActiveSummary
SUREC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €187,088 and a net result of €108,223. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+1
Solvency80▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 2.65 in 2023; short-term debt: 43.7% and cash: 92% of total assets), and 44.6% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
31 d early
2023
35 d early
2022
31 d early
2021
2 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 30 June (5 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 2024, micro schema
Equity
€187,088▲ 4.6%
2023 · €178,865
Total assets
€338,008▲ 19.1%
2023 · €283,761
Net result
€108,223▲ 57.0%
2023 · €68,943
Working capital
€177,153▲ 5.9%
2023 · €167,211
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20202021202220232024
Operating result€81,031▼ 8.3%€45,665▼ 43.6%€37,520▼ 17.8%€89,452▲ 138%€148,604▲ 66.1%
Net result€63,519above the sector's middle half▼ 8.2%€35,277within the sector's middle half▼ 44.5%€28,122within the sector's middle half▼ 20.3%€68,943above the sector's middle half▲ 145%€108,223above the sector's middle half▲ 57.0%
Equity€135,123within the sector's middle half▲ 57.8%€154,400above the sector's middle half▲ 14.3%€174,923above the sector's middle half▲ 13.3%€178,865above the sector's middle half▲ 2.3%€187,088above the sector's middle half▲ 4.6%
Total assets€199,583within the sector's middle half▲ 44.2%€226,503within the sector's middle half▲ 13.5%€246,713within the sector's middle half▲ 8.9%€283,761within the sector's middle half▲ 15.0%€338,008above the sector's middle half▲ 19.1%
Debt€64,460▲ 22.1%€72,102▲ 11.9%€71,790▼ 0.4%€104,896▲ 46.1%€150,920▲ 43.9%
Working capital€129,469above the sector's middle half▲ 54.8%€150,401above the sector's middle half▲ 16.2%€159,289above the sector's middle half▲ 5.9%€167,211above the sector's middle half▲ 5.0%€177,153above the sector's middle half▲ 5.9%
Solvency67.7%within the sector's middle half▲ 5.8pp68.2%within the sector's middle half▲ 0.5pp70.9%within the sector's middle half▲ 2.7pp63.0%within the sector's middle half▼ 7.9pp55.4%within the sector's middle half▼ 7.7pp
Current ratio3.11within the sector's middle half▲ 0.443.16within the sector's middle half▲ 0.053.33within the sector's middle half▲ 0.172.65within the sector's middle half▼ 0.682.20within the sector's middle half▼ 0.45
Return on assets (ROA)31.8%above the sector's middle half▼ 18.2pp15.6%within the sector's middle half▼ 16.3pp11.4%within the sector's middle half▼ 4.2pp24.3%within the sector's middle half▲ 12.9pp32.0%above the sector's middle half▲ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 66% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €338,008
Fixed assets
€13,098 ▼ 13.9%
Current assets
€324,910 ▲ 21.0%
Equity and liabilities €338,008
Equity
€187,088 ▲ 4.6%
Debt
€150,920 ▲ 43.9%
Debt's share of the balance-sheet total rises from 37.0% to 44.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€152,642▲
2023 · €96,303
Cash flow
€112,261▲
2023 · €75,794
Debt to equity
0.81▲
2023 · 0.59
ROE
57.8%▲
2023 · 38.5%
Interest coverage
166.46▲
2023 · 84.72
Debt ≤ 1 year
€147,757▲
2023 · €101,342
Income taxes
€39,467▲
2023 · €19,379
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 lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €281 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,547 | €3,165 | €5,567 | €6,852 | €4,038 | ▼ 41.1% |
| Other operating charges640/8 | - | €2,431 | €1,814 | €1,594 | €1,706 | ▲ 7.0% |
| Gross operating margin9900 | €84,658 | €51,262 | €44,901 | €97,897 | €154,348 | ▲ 57.7% |
| Operating profit (loss)9901 | €81,031 | €45,665 | €37,520 | €89,452 | €148,604 | ▲ 66.1% |
| Financial income75/76B | - | €3 | €0 | €7 | €3 | ▼ 61.5% |
| Recurring financial income75 | €21 | €3 | €0 | €7 | €3 | ▼ 61.5% |
| Financial charges65/66B | - | €311 | €1,182 | €1,137 | €917 | ▼ 19.3% |
| Recurring financial charges65 | €1,082 | €311 | €1,182 | €1,137 | €917 | ▼ 19.3% |
| Profit (loss) for the period before taxes9903 | €79,970 | €45,357 | €36,338 | €88,321 | €147,690 | ▲ 67.2% |
| Income taxes67/77 | €16,451 | €10,080 | €8,215 | €19,379 | €39,467 | ▲ 104% |
| Profit (loss) for the period9904 | €63,519 | €35,277 | €28,122 | €68,943 | €108,223 | ▲ 57.0% |
| Profit (loss) for the period to be appropriated9905 | €63,519 | €35,277 | €28,122 | €68,943 | €108,223 | ▲ 57.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199,583 | €226,503 | €246,713 | €283,761 | €338,008 | ▲ 19.1% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €8,764 | €6,598 | €19,112 | €15,209 | €13,098 | ▼ 13.9% |
| Tangible fixed assets22/27 | €8,764 | €6,598 | €19,112 | €15,209 | €13,098 | ▼ 13.9% |
| Plant, machinery and equipment23 | - | €3,393 | €3,255 | €1,452 | €4,526 | ▲ 212% |
| Furniture and vehicles24 | - | €1,598 | €10,045 | €5,736 | €1,427 | ▼ 75.1% |
| Other tangible fixed assets26 | - | €1,606 | €5,812 | €8,021 | €7,145 | ▼ 10.9% |
| Current assets29/58 | €190,819 | €219,905 | €227,601 | €268,552 | €324,910 | ▲ 21.0% |
| Amounts receivable within one year40/41 | - | €5,000 | €1,784 | €1,784 | - | - |
| Other amounts receivable41 | - | €5,000 | €1,784 | €1,784 | - | - |
| Cash at bank and in hand54/58 | €189,796 | €203,614 | €214,769 | €252,463 | €310,836 | ▲ 23.1% |
| Deferred charges and accrued income490/1 | - | €11,291 | €11,047 | €14,305 | €14,074 | ▼ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199,583 | €226,503 | €246,713 | €283,761 | €338,008 | ▲ 19.1% |
| Equity10/15 | €135,123 | €154,400 | €174,923 | €178,865 | €187,088 | ▲ 4.6% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €127,992 | €147,992 | €155,992 | €160,132 | €165,132 | ▲ 3.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €132 | €132 | €132 | €132 | = |
| Distributable reserves133 | - | €146,000 | €154,000 | €160,000 | €165,000 | ▲ 3.1% |
| Profit (loss) carried forward14 | €932 | €209 | €331 | €134 | €3,357 | ▲ 2,409% |
| Amounts payable17/49 | €64,460 | €72,102 | €71,790 | €104,896 | €150,920 | ▲ 43.9% |
| Amounts payable within one year42/48 | €61,350 | €69,504 | €68,312 | €101,342 | €147,757 | ▲ 45.8% |
| Trade debts44 | €2,228 | €2,209 | €2,622 | €852 | €2,924 | ▲ 243% |
| Suppliers440/4 | - | €2,209 | €2,622 | €852 | €2,924 | ▲ 243% |
| Taxes, remuneration and social security45 | - | €15,979 | €9,541 | €26,475 | €37,024 | ▲ 39.8% |
| Taxes450/3 | - | €13,629 | €9,541 | €26,475 | €37,024 | ▲ 39.8% |
| Remuneration and social security454/9 | - | €2,350 | - | - | - | - |
| Other amounts payable47/48 | - | €51,316 | €56,149 | €74,015 | €107,809 | ▲ 45.7% |
| Accrued charges and deferred income492/3 | - | €2,598 | €3,478 | €3,554 | €3,163 | ▼ 11.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63,519 | €35,277 | €28,122 | €68,943 | €108,223 | ▲ 57.0% |
| + Depreciation and write-downs630 | €2,547 | €3,165 | €5,567 | €6,852 | €4,038 | ▼ 41.1% |
| Operating cash flow (approximation) | €66,066 | €38,443 | €33,690 | €75,794 | €112,261 | ▲ 48.1% |
| Investment in fixed assets (approximation) | - | -€999 | -€18,082 | -€2,948 | -€1,928 | ▲ 34.6% |
| Change in cash | - | €13,818 | €11,155 | €37,694 | €58,372 | ▲ 54.9% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €108,223 ▲57%
Operating result €148,604, net result €108,223, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €28,122 ▼20.3%
Net result drops to €28,122, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €154,400 ▲14.3%
4 profitable years in a row build equity to €154,400.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €135,123 ▲57.8%
3 profitable years in a row build equity to €135,123.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Directors · office · real estate
Directors
2 acts for this company are 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, Oostende · 1 establishment unit since 2017
Ground area
601 m²
Building footprint
125 m²
Volume, LiDAR
644 m³
Parcel 35020B0520/00A004, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Surec
since 20172.268.040.736
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0520/00A004 | Flanders | 601 m² | 1 · 125 m² | 7.5 m · 2 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 2,148 companies in sector 71209 we hold annual accounts for 1,090. 817 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
Founded25-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
39000Remediation activities and other waste management service activities
43120Site preparation
71121Engineering and related technical consultancy, excluding land surveyors
72101Research and development on biotechnology
72109Other research and development on natural sciences
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680432630
Also
9925:BE0680432630
Registered
18-12-2025
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.