SURFAS
ActiveSummary
The computed 12-month bankruptcy probability of SURFAS is 1.9% (moderate). The 2025 annual accounts show equity of €151,726 and a net result of €37,235. Equity is growing by ~43.5% per year across the filed fiscal years. Its solvency ranks better than 39% of 404 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-14
Solvency56▼-3
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.83 in 2024; short-term debt: 40.9% and cash: 10.4% of total assets), but 68.9% of the assets are financed with debt.
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Signals
Four 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 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% 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
31.1%
Return on assets
7.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 3 filingsDeviation from the deadline
2025
2 d late
2024
2 d early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€151,726▲ 32.5%
2024 · €114,491
Total assets
€488,124▲ 44.4%
2024 · €338,122
Net result
€37,235▼ 40.4%
2024 · €62,464
Working capital
€104,411▼ 38.5%
2024 · €169,865
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
Line202320242025
Operating result€55,123-€86,941▲ 57.7%€57,151▼ 34.3%
Net result€42,027-€62,464▲ 48.6%€37,235▼ 40.4%
Equity€52,027-€114,491▲ 120%€151,726▲ 32.5%
Total assets€232,893-€338,122▲ 45.2%€488,124▲ 44.4%
Debt€180,865-€223,631▲ 23.6%€336,398▲ 50.4%
Working capital€131,689-€169,865▲ 29.0%€104,411▼ 38.5%
Staff (FTE)0.5-1▲ 100%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €488,124
Fixed assets
€184,225 ▲ 144%
Current assets
€303,899 ▲ 15.7%
Equity and liabilities €488,124
Equity
€151,726 ▲ 32.5%
Debt
€336,398 ▲ 50.4%
Debt's share of the balance-sheet total rises from 66.1% to 68.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76,652▼
2024 · €102,568
Cash flow
€56,736▼
2024 · €78,091
Current ratio
1.52▼
2024 · 2.83
Quick ratio
0.74▼
2024 · 1.74
Debt to equity
2.22▲
2024 · 1.95
ROE
24.5%▼
2024 · 54.6%
ROA
7.6%▼
2024 · 18.5%
Interest coverage
8.17▼
2024 · 12.39
Debt ≤ 1 year
€199,488▲
2024 · €92,902
Debt > 1 year
€135,978▲
2024 · €129,109
Income taxes
€10,537▼
2024 · €16,220
Staff costs
€44,988▲
2024 · €43,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €871 | €43,098 | €44,988 | ▲ 4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,283 | €15,627 | €19,501 | ▲ 24.8% |
| Other operating charges640/8 | - | €579 | €758 | ▲ 30.9% |
| Gross operating margin9900 | €57,277 | €146,245 | €122,398 | ▼ 16.3% |
| Operating profit (loss)9901 | €55,123 | €86,941 | €57,151 | ▼ 34.3% |
| Financial income75/76B | €31 | €22 | €2 | ▼ 92.3% |
| Recurring financial income75 | €31 | €22 | €2 | ▼ 92.3% |
| Financial charges65/66B | €2,612 | €8,278 | €9,381 | ▲ 13.3% |
| Recurring financial charges65 | €2,612 | €8,278 | €9,381 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €52,543 | €78,684 | €47,771 | ▼ 39.3% |
| Income taxes67/77 | €10,515 | €16,220 | €10,537 | ▼ 35.0% |
| Profit (loss) for the period9904 | €42,027 | €62,464 | €37,235 | ▼ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €42,027 | €62,464 | €37,235 | ▼ 40.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €232,893 | €338,122 | €488,124 | ▲ 44.4% |
| Fixed assets21/28 | €55,342 | €75,356 | €184,225 | ▲ 144% |
| Tangible fixed assets22/27 | €49,492 | €69,506 | €178,375 | ▲ 157% |
| Land and buildings22 | - | - | €8,367 | - |
| Furniture and vehicles24 | €4,764 | €27,256 | €132,989 | ▲ 388% |
| Other tangible fixed assets26 | €44,728 | €42,249 | €37,019 | ▼ 12.4% |
| Financial fixed assets28 | €5,850 | €5,850 | €5,850 | = |
| Current assets29/58 | €177,551 | €262,767 | €303,899 | ▲ 15.7% |
| Stocks and contracts in progress3 | €100,714 | €100,714 | €155,533 | ▲ 54.4% |
| Stocks30/36 | €100,714 | €100,714 | €131,688 | ▲ 30.8% |
| Contracts in progress37 | - | - | €23,844 | - |
| Amounts receivable within one year40/41 | €31,639 | €97,862 | €89,813 | ▼ 8.2% |
| Trade receivables40 | €29,252 | €69,642 | €78,039 | ▲ 12.1% |
| Other amounts receivable41 | €2,387 | €28,219 | €11,774 | ▼ 58.3% |
| Cash at bank and in hand54/58 | €43,519 | €61,802 | €50,616 | ▼ 18.1% |
| Deferred charges and accrued income490/1 | €1,679 | €2,389 | €7,938 | ▲ 232% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €232,893 | €338,122 | €488,124 | ▲ 44.4% |
| Equity10/15 | €52,027 | €114,491 | €151,726 | ▲ 32.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €42,027 | €104,491 | €141,726 | ▲ 35.6% |
| Amounts payable17/49 | €180,865 | €223,631 | €336,398 | ▲ 50.4% |
| Amounts payable after more than one year17 | €132,779 | €129,109 | €135,978 | ▲ 5.3% |
| Financial debts170/4 | €132,779 | €129,109 | €135,978 | ▲ 5.3% |
| Amounts payable within one year42/48 | €45,862 | €92,902 | €199,488 | ▲ 115% |
| Current portion of amounts payable after more than one year42 | €20,833 | €54,129 | €43,947 | ▼ 18.8% |
| Trade debts44 | €11,567 | €33,247 | €135,881 | ▲ 309% |
| Suppliers440/4 | €11,567 | €33,247 | €135,881 | ▲ 309% |
| Taxes, remuneration and social security45 | €13,462 | €5,526 | €16,927 | ▲ 206% |
| Taxes450/3 | €12,966 | - | €10,592 | - |
| Remuneration and social security454/9 | €496 | €5,526 | €6,336 | ▲ 14.7% |
| Other amounts payable47/48 | - | - | €2,733 | - |
| Accrued charges and deferred income492/3 | €2,225 | €1,620 | €932 | ▼ 42.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,027 | €62,464 | €37,235 | ▼ 40.4% |
| + Depreciation and write-downs630 | €1,283 | €15,627 | €19,501 | ▲ 24.8% |
| Operating cash flow (approximation) | €43,310 | €78,091 | €56,736 | ▼ 27.3% |
| Investment in fixed assets (approximation) | - | -€35,641 | -€128,371 | ▼ 260% |
| Change in cash | - | €18,283 | -€11,186 | ▼ 161% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Weakest financial yearnet €37,235 ▼40.4%
Net result drops to €37,235, the lowest in the series.
30-06
Financial
Equity above €150,000Eq €151,726 ▲32.5%
3 profitable years in a row build equity to €151,726.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2023net €62,464 ▲48.6%
Operating result €86,941, net result €62,464, both a record.
30-06
Financial
Equity above €100,000Eq €114,491 ▲120%
2 profitable years in a row build equity to €114,491.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
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, Hooglede · 1 establishment unit since 2023
Ground area
1,130 m²
Building footprint
767 m²
Volume, LiDAR
6,075 m³
Parcel 36005C0870/00Z000, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SURFAS
since 20232.345.129.903
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36005C0870/00Z000 | Flanders | 1,130 m² | 1 · 767 m² | 13.4 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 1,501 companies in sector 31004 we hold annual accounts for 623. 470 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
Founded16-05-2023
Fiscal year end30-06
Activities, NACEBEL 2025
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43320Joinery installation
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Scores and ratios are computed by Checked and are not a credit decision.