SURTAS
Dissolution or liquidationFinancials · financial year 2024, micro format
2024 annual accounts filed late (71 days) Filed on 10 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00538773.
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
2020 to 2024, 5 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€36,703
2024
Net result€21,238
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€148,492
2024
Equity€22,523
2024
Debt€125,969
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1,373
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial 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 format does not require them.
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 | - |
| 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 | - |
| Income taxes67/77 | - | - | €3,445 | - | €2,173 | - |
| Profit (loss) for the period9904 | -€8,691 | €18,735 | €14,700 | -€24,459 | €21,238 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,691 | €18,735 | €14,700 | -€24,459 | €21,238 | - |
| 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 | - |
| + 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 | - |
| 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 10-10-2025 | 2025-00538773 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00408824 |
| 31-12-2022 | micro format | 04-08-2023 | 2023-00313022 |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20278989 |
| 31-12-2020 | micro format | 04-08-2021 | 2021-46100576 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.