Financials
- Fiscal year
- 2025
- Total assets
- €148,203
- Loss
- -€42,114
- Solvency
- 46.1%
Total assets▼ 8.7%
Net result
20182025
SURFER ROSA
ActiveSummary
The computed 12-month bankruptcy probability of SURFER ROSA is 2.2% (moderate). The 2025 annual accounts show equity of €68,261 and a net result of -€42,114. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 13458 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale of information and communication equipment
NACE 46500NACE 46520
1 site
Size
€148,203total assets 2025
- Equity
- €68,261
- Loss
- -€42,114
Turnover not published (abridged schema)
Structure
Accounts filed 31 d late0 of 1 deed read
Why 52- Latest accounts 31 days late; 2 of the last 3 late- Loss of €42,114, the second in a row (FY 2025)- Liquidity: current ratio 1.77, cash €3,926, halved- Sector Wholesale trade (NACE 46)Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 24% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
71-22
equity 46.1% of total assets
Liquidity
26-18
short-term debt 53.9% · cash 2.6%
Profitability
0=
return on assets -28.4%
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● 0.0% vs 11-2024
01-2025: 0.4%▼ -1.6% vs 12-2024
02-2025: 0.4%▼ -1.1% vs 01-2025
03-2025: 0.4%▼ -1.4% vs 02-2025
04-2025: 0.3%▼ -4.4% vs 03-2025lowest value
05-2025: 0.4%▲ +1.1% vs 04-2025
06-2025: 0.4%▲ +1.4% vs 05-2025
07-2025: 0.4%▼ -0.3% vs 06-2025
08-2025: 0.6%▲ +66.9% vs 07-2025
09-2025: 1.9%▲ +213% vs 08-2025
10-2025: 1.9%● 0.0% vs 09-2025
11-2025: 1.9%● 0.0% vs 10-2025
12-2025: 1.9%● 0.0% vs 11-2025
01-2026: 1.8%▼ -1.3% vs 12-2025
02-2026: 1.8%● 0.0% vs 01-2026
03-2026: 1.8%▼ -1.2% vs 02-2026
04-2026: 1.9%▲ +3.9% vs 03-2026
05-2026: 1.8%▼ -5.8% vs 04-2026
06-2026: 1.8%▲ +0.6% vs 05-2026
07-2026: 1.8%▲ +0.8% vs 06-2026
08-2026: 2.2%▲ +19.6% vs 07-2026
09-2026: 2.2%▲ +1.5% vs 08-2026highest value
10-2026: 2.2%● 0.0% vs 09-2026highest value
- Latest accounts 31 days late; 2 of the last 3 late raises the probability
- Loss of €42,114, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 1.77, cash €3,926, halved raises the probability
- Sector Wholesale trade (NACE 46) raises the probability
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.77 against 2.99 in 2024; short-term debt: 53.9% and cash: 2.6% of total assets), but 53.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 54%, liquidity 24%, profitability 6%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€42,114
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
31 d late
2022
31 d late
2021
28 d late
2020
17 d early
2019
28 d late
← 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 23 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€42,114
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 29-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Wholesale of information and communication equipmentNACE 46500
- Founded
- 12-10-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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