SURTAS
Dissolution or liquidationSummary
The KBO register records for SURTAS the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €22,523 and a net result of €21,238.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
30 d late
2022
4 d late
2021
8 d late
2020
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 23 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2024, micro schema
Equity
€22,523▲ 1,653%
2023 · €1,285
Total assets
€148,492▲ 113%
2023 · €69,679
Net result
€21,238
2023 · -€24,459
Working capital
€1,373
2023 · -€18,931
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€8,591-€18,577€18,819▲ 1.3%-€15,922€36,703
Net result-€8,691-€18,735€14,700▼ 21.5%-€24,459€21,238
Equity-€7,691-€11,044€25,744▲ 133%€1,285▼ 95.0%€22,523▲ 1,653%
Total assets€1,159-€13,286▲ 1,046%€49,600▲ 273%€69,679▲ 40.5%€148,492▲ 113%
Debt€8,850-€2,241▼ 74.7%€23,856▲ 964%€68,394▲ 187%€125,969▲ 84.2%
Working capital-€8,493-€9,749€24,288▲ 149%-€18,931€1,373
Staff (FTE)3.2
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €36,703 after a loss of €15,922 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148,492
Fixed assets
€21,150 ▲ 4.6%
Current assets
€127,342 ▲ 157%
Equity and liabilities €148,492
Equity
€22,523 ▲ 1,653%
Debt
€125,969 ▲ 84.2%
Debt's share of the balance-sheet total falls from 98.2% to 84.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,919▲
2023 · -€15,383
Cash flow
€21,454▲
2023 · -€23,919
Current ratio
1.01▲
2023 · 0.72
Debt to equity
5.59▼
2023 · 53.22
ROE
94.3%
ROA
14.3%▲
2023 · -35.1%
Interest coverage
2.78▲
2023 · -1.80
Debt ≤ 1 year
€125,969▲
2023 · €68,394
Income taxes
€2,173
Staff costs
€42,680▲
2023 · €31,547
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2,162 | €31,547 | €42,680 | ▲ 35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,126 | €540 | €540 | €216 | ▼ 60.0% |
| Other operating charges640/8 | - | €2,198 | €2,189 | €9,732 | €3,809 | ▼ 60.9% |
| Gross operating margin9900 | -€8,202 | €21,902 | €23,709 | €25,896 | €83,409 | ▲ 222% |
| Operating profit (loss)9901 | -€8,591 | €18,577 | €18,819 | -€15,922 | €36,703 | ▲ 331% |
| Financial income75/76B | - | €311 | €71 | - | - | - |
| Recurring financial income75 | - | €311 | €71 | - | - | - |
| Financial charges65/66B | - | €153 | €746 | €8,537 | €13,293 | ▲ 55.7% |
| Recurring financial charges65 | €100 | €153 | €746 | €8,537 | €13,293 | ▲ 55.7% |
| Profit (loss) for the period before taxes9903 | -€8,691 | €18,735 | €18,144 | -€24,459 | €23,411 | ▲ 196% |
| Income taxes67/77 | - | - | €3,445 | - | €2,173 | - |
| Profit (loss) for the period9904 | -€8,691 | €18,735 | €14,700 | -€24,459 | €21,238 | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | -€8,691 | €18,735 | €14,700 | -€24,459 | €21,238 | ▲ 187% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,159 | €13,286 | €49,600 | €69,679 | €148,492 | ▲ 113% |
| Formation expenses20 | €803 | €0 | - | - | - | - |
| Fixed assets21/28 | - | €1,295 | €1,756 | €20,216 | €21,150 | ▲ 4.6% |
| Tangible fixed assets22/27 | - | €1,295 | €756 | €216 | - | - |
| Plant, machinery and equipment23 | - | €1,295 | €756 | €216 | - | - |
| Financial fixed assets28 | - | - | €1,000 | €20,000 | €21,150 | ▲ 5.8% |
| Current assets29/58 | €356 | €11,991 | €47,844 | €49,463 | €127,342 | ▲ 157% |
| Amounts receivable within one year40/41 | €356 | €1,802 | €44,364 | €49,463 | €125,611 | ▲ 154% |
| Trade receivables40 | - | - | €44,364 | €49,330 | €101,450 | ▲ 106% |
| Other amounts receivable41 | - | €1,802 | - | €132 | €24,161 | ▲ 18,144% |
| Cash at bank and in hand54/58 | €1 | €3,286 | €2,712 | - | - | - |
| Deferred charges and accrued income490/1 | - | €6,902 | €769 | - | €1,731 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,159 | €13,286 | €49,600 | €69,679 | €148,492 | ▲ 113% |
| Equity10/15 | -€7,691 | €11,044 | €25,744 | €1,285 | €22,523 | ▲ 1,653% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Capital10 | - | €1,000 | - | - | - | - |
| Issued capital100 | - | €1,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€8,691 | €10,044 | €24,744 | €285 | €21,523 | ▲ 7,451% |
| Amounts payable17/49 | €8,850 | €2,241 | €23,856 | €68,394 | €125,969 | ▲ 84.2% |
| Amounts payable within one year42/48 | €8,850 | €2,241 | €23,556 | €68,394 | €125,969 | ▲ 84.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10,000 | €5,501 | ▼ 45.0% |
| Financial debts43 | - | - | - | €5,980 | €585 | ▼ 90.2% |
| Credit institutions430/8 | - | - | - | €5,980 | €585 | ▼ 90.2% |
| Trade debts44 | - | €2,083 | €11,731 | €36,946 | €105,467 | ▲ 185% |
| Suppliers440/4 | - | €2,083 | €11,731 | €36,946 | €105,467 | ▲ 185% |
| Taxes, remuneration and social security45 | - | - | €11,302 | €12,678 | €14,417 | ▲ 13.7% |
| Taxes450/3 | - | - | €11,151 | €3,445 | €9,809 | ▲ 185% |
| Remuneration and social security454/9 | - | - | €151 | €9,233 | €4,609 | ▼ 50.1% |
| Other amounts payable47/48 | - | €159 | €522 | €2,790 | - | - |
| Accrued charges and deferred income492/3 | - | - | €300 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,691 | €18,735 | €14,700 | -€24,459 | €21,238 | ▲ 187% |
| + Depreciation and write-downs630 | - | €1,126 | €540 | €540 | €216 | ▼ 60.0% |
| Operating cash flow (approximation) | -€8,691 | €19,862 | €15,239 | -€23,919 | €21,454 | ▲ 190% |
| Investment in fixed assets (approximation) | - | - | -€1,000 | -€19,000 | -€1,150 | ▲ 93.9% |
| Change in cash | - | €3,286 | -€575 | - | - | - |
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
2026
16-03
KBO administration
Address struck
Borrensstraat 51 1050 L’adresse du siège Rue Borrens 51 1050 Die Sitzadresse Rue Borrens / Borrensstraat
Elsene werd doorgehaald met ingang van Ixelles · event 13-01-2026
05-02
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise francophone de Bruxelles · liquidator: Emmanulle Bouillon · event 29-01-2026
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Back to profitnet €21,238
Net result €21,238 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€24,459
Net result drops to -€24,459, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Back to profitnet €18,735
Net result €18,735 after one loss-making year.
31-12
Financial
Liquidity times 133current ratio 5.35
Current ratio from 0.04 to 5.35; short-term debt falls from €8,850 to €2,241.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
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.
Have them read with priority
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Directors · office · real estate
Directors
5 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, Elsene · 2 establishment units since 2021
Ground area
867 m²
Building footprint
294 m²
Volume, LiDAR
2,659 m³
3 parcels, Brussels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
78
companies at this address
See who is registered here
2 establishment units
SURTAS
since 20212.317.822.522
SURTAS
since 20222.334.048.048
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095C0113/00W004 | Flanders | 472 m² | 1 · 95 m² | 9.8 m · 3 fl. |
| 22662B0383/00D005 | Flanders | 324 m² | 1 · 134 m² | 11.1 m · 3 fl. |
| 21443C0196/00G021 | Brussels | 72 m² | 1 · 66 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Identification & contact
Identification
Legal formPrivate limited company
Founded05-07-2019
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.