SUSH-E SPRL

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Private limited company (pre-2019)founded 2011Rue de Tilff 64, 4031 Liège, BelgiumKBO/BCE: BE 0835.795.946

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Report

Financials · financial year 2024, micro format

2024 annual accounts filed 11 days after the deadline Filed on 11 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00368684.

Annual accounts 2024 filed on 11-08-2025 PDF all 13 filings

Turnover

≈ €460,000

Estimated: probably between €380,000 and €550,000

Total assets

€56,456▼ 16.5%

2023 · €67,587

Net result

-€16,740▲ 22.1%

2023 · -€21,492

Working capital

-€42,037▼ 5.2%

2023 · -€39,949

Multi-year overview

2018 to 2024, 7 financial years

Operating result

-€15,765

▲ 18.3% 2024

20182024

Net result

-€16,740

▲ 22.1% 2024

lowest quarter of the sector

20182024

Equity

-€29,461

▼ 132% 2024

lowest quarter of the sector

20182024

Total assets

€56,456

▼ 16.5% 2024

middle half of the sector

20182024

Debt

€85,917

▲ 7.0% 2024

20182024

Working capital

-€42,037

▼ 5.2% 2024

lowest quarter of the sector

20182024

Solvency

-52.2%

▼ 33.4pp 2024

lowest quarter of the sector

20182024

Current ratio

0.44

= 2024

lowest quarter of the sector

20182024

Return on assets (ROA)

-29.7%

▲ 2.1pp 2024

lowest quarter of the sector

20182024

Staff (FTE)

3.2

▼ 31.9% 2024

20182024

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line2018201920202021202220232024

Operating result€1,012-€10,897▲ 976%€48,974▲ 349%-€40,068-€2,623▲ 93.5%-€19,286▼ 635%-€15,765▲ 18.3%

Net result€956-€7,817▲ 718%€41,120▲ 426%-€41,600-€5,512▲ 86.7%-€21,492▼ 290%-€16,740▲ 22.1%

Equity€24,682-€28,498▲ 15.5%€55,483▲ 94.7%€13,883▼ 75.0%€8,371▼ 39.7%-€12,721-€29,461▼ 132%

Total assets€85,790-€94,602▲ 10.3%€117,315▲ 24.0%€133,059▲ 13.4%€117,578▼ 11.6%€67,587▼ 42.5%€56,456▼ 16.5%

Debt€61,108-€66,104▲ 8.2%€61,832▼ 6.5%€119,176▲ 92.7%€109,207▼ 8.4%€80,308▼ 26.5%€85,917▲ 7.0%

Working capital€1,757-€3,096▲ 76.2%€44,344▲ 14×-€28,583-€31,418▼ 9.9%-€39,949▼ 27.2%-€42,037▼ 5.2%

Solvency28.8%-30.1%▲ 1.4pp47.3%▲ 17.2pp10.4%▼ 36.9pp7.1%▼ 3.3pp-18.8%▼ 25.9pp-52.2%▼ 33.4pp

Current ratio1.03-1.05▲ 0.021.72▲ 0.670.72▼ 1.000.68▼ 0.040.44▼ 0.230.44=

Return on assets (ROA)1.1%-8.3%▲ 7.1pp35.1%▲ 26.8pp-31.3%▼ 66.3pp-4.7%▲ 26.6pp-31.8%▼ 27.1pp-29.7%▲ 2.1pp

Staff (FTE)4.1-4▼ 2.4%5▲ 25.0%74.7▼ 32.9%3.2▼ 31.9%

above within below The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2024 is a loss of €15,765, smaller than the loss of €19,286 in 2023.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €56,456

40.8%

59.2%

Fixed assets €23,042 ▼ 35.7%

Current assets €33,414 ▲ 5.2%

Equity and liabilities

Equity-€29,461

Debt€85,917

Equity is negative. Debt (€85,917) exceeds the balance-sheet total (€56,456).

Key figures and ratios

2024 value · change against 2023

EBITDA

-€639▲

2023 · -€3,163

Cash flow

-€1,614▲

2023 · -€5,369

Quick ratio

0.30▲

2023 · 0.22

Interest coverage

-0.64▲

2023 · -1.58

Debt ≤ 1 year

€75,451▲

2023 · €71,704

Debt > 1 year

€10,450▲

2023 · €5,340

Income taxes

€206▼

2023 · €211

Staff costs

€149,019▼

2023 · €202,514

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet

Item	31-12-2022	31-12-2023	31-12-2024
Employees at the balance-sheet date	6	5	5
full-time	3	0	0
part-time	3	5	5
in full-time equivalents	5.2	3.7	3.2
Average over the year, in full-time equivalents	7	4.7	3.2
On a permanent contract	6	3	5
Joined	4	4	10
Left	7	5	9

Source: social balance sheet in the 2022 to 2024 annual accounts

Investments

fixed assets acquired

Item	2021	2022	2023	2024
Tangible fixed assets	€59,127	€9,139	-	€2,336
Financial fixed assets	€500	-	-	-
Depreciation and write-downs of the year	€10,323	€17,627	€16,123	€15,126

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines

Balance sheet Code20232024

Assets

Total assets20/58€67,587€56,456▼

Fixed assets21/28€35,832€23,042▼

Intangible fixed assets21€0-

Tangible fixed assets22/27€34,662€21,872▼

Plant, machinery and equipment23€7,170€5,284▼

Furniture and vehicles24€2,237€302▼

Other tangible fixed assets26€25,255€16,287▼

Financial fixed assets28€1,170€1,170=

Current assets29/58€31,755€33,414▲

Stocks and contracts in progress3€15,771€10,876▼

Stocks30/36€15,771€10,876▼

Amounts receivable within one year40/41€4,693€6,596▲

Trade receivables40€4,693€6,596▲

Cash at bank and in hand54/58€4,820€13,259▲

Deferred charges and accrued income490/1€6,470€2,682▼

Equity and liabilities

Total equity and liabilities10/49€67,587€56,456▼

Equity10/15-€12,721-€29,461▼

Contributions10/11€17,940€17,940=

Reserves13€21,860€1,860▼

Non-distributable reserves130/1€1,860€1,860=

Reserves not available under the articles1311€1,860€1,860=

Distributable reserves133€20,000€0▼

Profit (loss) carried forward14-€52,521-€49,261▲

Amounts payable17/49€80,308€85,917▲

Amounts payable after more than one year17€5,340€10,450▲

Financial debts170/4€5,340€10,450▲

Amounts payable within one year42/48€71,704€75,451▲

Current portion of amounts payable after more than one year42€13,426€6,675▼

Trade debts44€16,685€32,302▲

Suppliers440/4€16,685€32,302▲

Taxes, remuneration and social security45€41,168€32,229▼

Taxes450/3€11,010€6,967▼

Remuneration and social security454/9€30,157€25,262▼

Other amounts payable47/48€426€4,245▲

Accrued charges and deferred income492/3€3,264€17▼

Income statement Code20232024

Non-recurring operating income76A€3,337€8,202▲

Remuneration, social security and pensions62€202,514€149,019▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,123€15,126▼

Other operating charges640/8€4,095€2,929▼

Non-recurring operating charges66A-€949€5,207▲

Gross operating margin9900€202,497€156,516▼

Operating profit (loss)9901-€19,286-€15,765▲

Financial income75/76B€2€225▲

Recurring financial income75€2€225▲

Financial charges65/66B€1,997€994▼

Recurring financial charges65€1,997€994▼

Profit (loss) for the period before taxes9903-€21,281-€16,534▲

Income taxes67/77€211€206▼

Profit (loss) for the period9904-€21,492-€16,740▲

Profit (loss) for the period to be appropriated9905-€21,492-€16,740▲

Appropriation of the result

Profit (loss) to be appropriated9906-€52,521-€69,261▼

Profit (loss) brought forward from the previous period14P-€31,029-€52,521▼

Transfer from equity791/2-€20,000

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 11-08-2025.

Line	2018	2019	2020	2021	2022	2023	2024	Change
Non-recurring operating income76A	-	-	-	€11,581	€0	€3,337	€8,202	▲ 146%
Remuneration, social security and pensions62	-	-	-	€223,895	€267,552	€202,514	€149,019	▼ 26.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€5,926	€6,963	€5,215	€10,323	€17,627	€16,123	€15,126	▼ 6.2%
Other operating charges640/8	-	-	-	€2,627	€3,191	€4,095	€2,929	▼ 28.5%
Non-recurring operating charges66A	-	-	-	€19,161	€0	-€949	€5,207	-
Gross operating margin9900	€145,211	€172,699	€222,715	€215,938	€285,747	€202,497	€156,516	▼ 22.7%
Operating profit (loss)9901	€1,012	€10,897	€48,974	-€40,068	-€2,623	-€19,286	-€15,765	▲ 18.3%
Financial income75/76B	-	-	-	€258	€247	€2	€225	▲ 116×
Recurring financial income75	€719	€156	€721	€258	€247	€2	€225	▲ 116×
Financial charges65/66B	-	-	-	€1,091	€2,925	€1,997	€994	▼ 50.2%
Recurring financial charges65	€404	€1,352	€916	€1,091	€2,925	€1,997	€994	▼ 50.2%
Profit (loss) for the period before taxes9903	€1,327	€9,701	€48,779	-€40,901	-€5,302	-€21,281	-€16,534	▲ 22.3%
Income taxes67/77	€371	€1,885	€7,659	€699	€210	€211	€206	▼ 2.6%
Profit (loss) for the period9904	€956	€7,817	€41,120	-€41,600	-€5,512	-€21,492	-€16,740	▲ 22.1%
Profit (loss) for the period to be appropriated9905	€956	€7,817	€41,120	-€41,600	-€5,512	-€21,492	-€16,740	▲ 22.1%

Line	2018	2019	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€85,790	€94,602	€117,315	€133,059	€117,578	€67,587	€56,456	▼ 16.5%
Fixed assets21/28	€23,742	€25,402	€11,139	€60,443	€51,956	€35,832	€23,042	▼ 35.7%
Intangible fixed assets21	€853	€437	€261	€85	€36	€0	-	-
Tangible fixed assets22/27	€11,803	€13,879	€10,208	€59,188	€50,750	€34,662	€21,872	▼ 36.9%
Plant, machinery and equipment23	-	-	-	€12,830	€11,134	€7,170	€5,284	▼ 26.3%
Furniture and vehicles24	-	-	-	€7,382	€5,254	€2,237	€302	▼ 86.5%
Other tangible fixed assets26	-	-	-	€38,976	€34,362	€25,255	€16,287	▼ 35.5%
Financial fixed assets28	€11,086	€11,086	€670	€1,170	€1,170	€1,170	€1,170	=
Current assets29/58	€62,047	€69,201	€106,175	€72,616	€65,623	€31,755	€33,414	▲ 5.2%
Stocks and contracts in progress3	€6,378	€10,875	€10,862	€10,026	€15,771	€15,771	€10,876	▼ 31.0%
Stocks30/36	-	-	-	€10,026	€15,771	€15,771	€10,876	▼ 31.0%
Amounts receivable within one year40/41	€27,593	€22,132	€27,697	€19,467	€26,022	€4,693	€6,596	▲ 40.5%
Trade receivables40	-	-	-	€19,467	€26,022	€4,693	€6,596	▲ 40.5%
Other amounts receivable41	-	-	-	€0	-	-	-	-
Cash at bank and in hand54/58	€26,916	€33,853	€66,955	€38,157	€15,915	€4,820	€13,259	▲ 175%
Deferred charges and accrued income490/1	-	-	-	€4,966	€7,915	€6,470	€2,682	▼ 58.5%
Equity and liabilities
Total equity and liabilities10/49	€85,790	€94,602	€117,315	€133,059	€117,578	€67,587	€56,456	▼ 16.5%
Equity10/15	€24,682	€28,498	€55,483	€13,883	€8,371	-€12,721	-€29,461	▼ 132%
Contributions10/11	€17,540	€17,540	-	€17,540	€17,540	€17,940	€17,940	=
Reserves13	€643	€1,034	€21,860	€21,860	€21,860	€21,860	€1,860	▼ 91.5%
Non-distributable reserves130/1	-	-	-	€1,860	€1,860	€1,860	€1,860	=
Reserves not available under the articles1311	-	-	-	€1,860	€1,860	€1,860	€1,860	=
Distributable reserves133	-	-	-	€20,000	€20,000	€20,000	€0	▼ 100%
Profit (loss) carried forward14	€6,499	€9,925	€16,083	-€25,517	-€31,029	-€52,521	-€49,261	▲ 6.2%
Amounts payable17/49	€61,108	€66,104	€61,832	€119,176	€109,207	€80,308	€85,917	▲ 7.0%
Amounts payable after more than one year17	€818	-	-	€16,020	€10,680	€5,340	€10,450	▲ 95.7%
Financial debts170/4	-	-	-	€16,020	€10,680	€5,340	€10,450	▲ 95.7%
Amounts payable within one year42/48	€60,290	€66,104	€61,832	€101,199	€97,041	€71,704	€75,451	▲ 5.2%
Current portion of amounts payable after more than one year42	-	-	-	€5,340	€5,340	€13,426	€6,675	▼ 50.3%
Trade debts44	€15,738	€17,781	€10,154	€42,888	€40,478	€16,685	€32,302	▲ 93.6%
Suppliers440/4	-	-	-	€42,888	€40,478	€16,685	€32,302	▲ 93.6%
Taxes, remuneration and social security45	-	-	-	€48,183	€48,038	€41,168	€32,229	▼ 21.7%
Taxes450/3	-	-	-	€13,811	€5,752	€11,010	€6,967	▼ 36.7%
Remuneration and social security454/9	-	-	-	€34,372	€42,286	€30,157	€25,262	▼ 16.2%
Other amounts payable47/48	-	-	-	€4,788	€3,184	€426	€4,245	▲ 896%
Accrued charges and deferred income492/3	-	-	-	€1,957	€1,486	€3,264	€17	▼ 99.5%

Line	2018	2019	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	€956	€7,817	€41,120	-€41,600	-€5,512	-€21,492	-€16,740	▲ 22.1%
+ Depreciation and write-downs630	€5,926	€6,963	€5,215	€10,323	€17,627	€16,123	€15,126	▼ 6.2%
Operating cash flow (approximation)	€6,881	€14,779	€46,335	-€31,277	€12,115	-€5,369	-€1,614	▲ 69.9%
Investment in fixed assets (approximation)	-	-€8,622	€9,048	-€59,627	-€9,139	€0	-€2,336	-
Change in cash	-	€6,937	€33,103	-€28,798	-€22,242	-€11,095	€8,439	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 13 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2024	micro format	11-08-2025	2025-00368684	PDF
31-12-2023	micro format	06-08-2024	2024-00330448	PDF
31-12-2022	micro format	30-05-2023	2023-00097860	PDF
31-12-2021	micro format	24-08-2022	2022-20310613	PDF
31-12-2020	micro format	11-08-2021	2021-48400542	PDF
31-12-2019	micro format	27-07-2020	2020-34300172	PDF
31-12-2018	micro format	19-07-2019	2019-35100029	PDF
31-12-2017	micro format	31-08-2018	2018-61700311	PDF
31-12-2016	micro format	01-08-2017	2017-40800406	PDF
31-12-2015	full format	01-09-2016	2016-58300104	PDF

Show all 13 filings