SUTU
ActiveSummary
SUTU has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56k and a net result of €13k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 41% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+15
Solvency64▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.55 in 2023; short-term debt: 61.4% and cash: 3.1% of total assets), and 61.4% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
38.6%
Return on assets
8.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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
not confirmed
2024
68 d late
2023
61 d late
2022
60 d late
2021
68 d late
2020
90 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€56k▲ 29.7%
2023 · €43k
Total assets
€146k▼ 6.4%
2023 · €156k
Net result
€13k
2023 · €-3k
Working capital
€-24k▲ 52.0%
2023 · €-50k
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
Line20202021202220232024
Operating result€6k▼ 46.0%€2k▼ 68.0%€16k▲ 671%€474▼ 97.0%€21k▲ 4,415%
Net result€5k▼ 52.5%€723▼ 86.2%€11k▲ 1,422%€-3k€13k
Equity€35k▲ 17.6%€36k▲ 2.1%€47k▲ 30.8%€43k▼ 6.9%€56k▲ 29.7%
Total assets€102k▲ 35.6%€91k▼ 11.0%€108k▲ 18.6%€156k▲ 45.2%€146k▼ 6.4%
Debt€67k▲ 47.4%€55k▼ 17.8%€61k▲ 10.7%€113k▲ 85.2%€90k▼ 20.4%
Working capital€2k▼ 82.8%€24k▲ 1,471%€34k▲ 39.1%€-50k€-24k▲ 52.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 4,415% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €146k
Fixed assets
€81k ▼ 14.1%
Current assets
€66k ▲ 5.1%
Equity and liabilities €146k
Equity
€56k ▲ 29.7%
Debt
€90k ▼ 20.4%
Debt's share of the balance-sheet total falls from 72.2% to 61.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▲
2023 · €20k
Cash flow
€39k▲
2023 · €17k
Current ratio
0.73▲
2023 · 0.55
Quick ratio
0.68▲
2023 · 0.54
Debt to equity
1.59▼
2023 · 2.59
ROE
22.9%▲
2023 · -7.4%
ROA
8.8%▲
2023 · -2.1%
Interest coverage
10.14▲
2023 · 5.86
Debt ≤ 1 year
€90k▼
2023 · €113k
Income taxes
€4k▲
2023 · €230
Staff costs
€502
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 | - | €126 | €171 | - | €502 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €15k | €20k | €26k | ▲ 34.2% |
| Other operating charges640/8 | - | €1k | €3k | €747 | €3k | ▲ 275% |
| Gross operating margin9900 | €22k | €16k | €34k | €21k | €51k | ▲ 144% |
| Operating profit (loss)9901 | €6k | €2k | €16k | €474 | €21k | ▲ 4,415% |
| Financial income75/76B | - | - | - | - | €96 | - |
| Recurring financial income75 | €0 | - | - | - | €96 | - |
| Financial charges65/66B | - | €1k | €2k | €3k | €5k | ▲ 36.9% |
| Recurring financial charges65 | €1k | €1k | €2k | €3k | €5k | ▲ 36.9% |
| Profit (loss) for the period before taxes9903 | €5k | €723 | €14k | €-3k | €17k | ▲ 665% |
| Income taxes67/77 | - | - | €3k | €230 | €4k | ▲ 1,584% |
| Profit (loss) for the period9904 | €5k | €723 | €11k | €-3k | €13k | ▲ 503% |
| Profit (loss) for the period to be appropriated9905 | €5k | €723 | €11k | €-3k | €13k | ▲ 503% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102k | €91k | €108k | €156k | €146k | ▼ 6.4% |
| Fixed assets21/28 | €33k | €21k | €35k | €94k | €81k | ▼ 14.1% |
| Tangible fixed assets22/27 | €33k | €21k | €35k | €94k | €81k | ▼ 14.1% |
| Plant, machinery and equipment23 | - | €7k | €2k | €750 | €14k | ▲ 1,702% |
| Furniture and vehicles24 | - | €13k | €33k | €93k | €67k | ▼ 28.0% |
| Financial fixed assets28 | €61 | €61 | €92 | - | €30 | - |
| Current assets29/58 | €68k | €70k | €73k | €62k | €66k | ▲ 5.1% |
| Stocks and contracts in progress3 | €6k | €7k | €10k | €2k | €4k | ▲ 131% |
| Stocks30/36 | - | €7k | €10k | €2k | €4k | ▲ 131% |
| Amounts receivable within one year40/41 | €53k | €56k | €48k | €39k | €54k | ▲ 38.3% |
| Trade receivables40 | - | €55k | €48k | €38k | €53k | ▲ 39.4% |
| Other amounts receivable41 | - | €652 | - | €1k | €1k | = |
| Cash at bank and in hand54/58 | €5k | €3k | €10k | €12k | €4k | ▼ 63.0% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €9k | €3k | ▼ 70.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102k | €91k | €108k | €156k | €146k | ▼ 6.4% |
| Equity10/15 | €35k | €36k | €47k | €43k | €56k | ▲ 29.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €15k | €15k | €26k | €23k | €36k | ▲ 56.1% |
| Amounts payable17/49 | €67k | €55k | €61k | €113k | €90k | ▼ 20.4% |
| Amounts payable after more than one year17 | - | €9k | €22k | - | - | - |
| Financial debts170/4 | - | €9k | €22k | - | - | - |
| Amounts payable within one year42/48 | €67k | €46k | €39k | €113k | €90k | ▼ 20.4% |
| Current portion of amounts payable after more than one year42 | - | €5k | €11k | €86k | €62k | ▼ 28.2% |
| Financial debts43 | - | €4k | - | - | €5k | - |
| Credit institutions430/8 | - | €4k | - | - | €5k | - |
| Trade debts44 | €27k | €28k | €19k | €13k | €12k | ▼ 6.6% |
| Suppliers440/4 | - | €28k | €19k | €13k | €12k | ▼ 6.2% |
| Bills of exchange payable441 | - | - | - | €55 | - | - |
| Taxes, remuneration and social security45 | - | €7k | €4k | €3k | €6k | ▲ 94.2% |
| Taxes450/3 | - | €3k | €4k | €3k | €6k | ▲ 94.2% |
| Remuneration and social security454/9 | - | €4k | - | - | - | - |
| Other amounts payable47/48 | - | €838 | €5k | €10k | €5k | ▼ 49.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €723 | €11k | €-3k | €13k | ▲ 503% |
| + Depreciation and write-downs630 | €13k | €13k | €15k | €20k | €26k | ▲ 34.2% |
| Operating cash flow (approximation) | €18k | €13k | €26k | €17k | €39k | ▲ 138% |
| Investment in fixed assets (approximation) | - | €0 | €-29k | €-79k | €-13k | ▲ 83.2% |
| Change in cash | - | €-2k | €8k | €2k | €-8k | ▼ 537% |
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
07-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
14-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Machelen (Brab.) · 1 establishment unit since 2009
Ground area
1,002 m²
Building footprint
640 m²
Volume, LiDAR
3,877 m³
2 parcels, Brussels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SUTU
since 20092.176.213.212
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0250/00X002 | Brussels | 565 m² | 1 · 564 m² | 13.7 m · 1 fl. |
| 23047C0085/00C002 | Flanders | 437 m² | 1 · 76 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,156 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 (pre-2019)
Founded04-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.