Suva
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-04-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €3,825, smaller than the loss of €44,858 in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 3 |
| full-time | 1 | 2 |
| part-time | 1 | 1 |
| in full-time equivalents | 1.8 | 2.8 |
| Average over the year, in full-time equivalents | 4.4 | 3.8 |
| On a permanent contract | 2 | 3 |
| Joined | 976 | 1,087 |
| Left | 985 | 1,086 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Securities and guarantees
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Pledge on other assets, amount secured | €377,200 | €377,200 |
| Carrying value of the other pledged assets | €397,923 | €350,179 |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Tangible fixed assets | €449,085 | €28,281 |
| Intangible fixed assets | €63,750 | - |
| Financial fixed assets | €7,500 | - |
| Depreciation and write-downs of the year | €56,298 | €55,077 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €168,698 | €170,097 | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,298 | €55,077 | ▼ 2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €409 | - |
| Other operating charges640/8 | €1,952 | €1,033 | ▼ 47.1% |
| Non-recurring operating charges66A | €41,423 | - | - |
| Gross operating margin9900 | €223,513 | €222,791 | ▼ 0.3% |
| Operating profit (loss)9901 | -€44,858 | -€3,825 | ▲ 91.5% |
| Financial income75/76B | €8,880 | €9,968 | ▲ 12.2% |
| Recurring financial income75 | €8,880 | €9,968 | ▲ 12.2% |
| Financial charges65/66B | €31,446 | €22,943 | ▼ 27.0% |
| Recurring financial charges65 | €31,446 | €22,943 | ▼ 27.0% |
| Profit (loss) for the period before taxes9903 | -€67,424 | -€16,800 | ▲ 75.1% |
| Profit (loss) for the period9904 | -€67,424 | -€16,800 | ▲ 75.1% |
| Profit (loss) for the period to be appropriated9905 | -€67,424 | -€16,800 | ▲ 75.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €511,439 | €494,711 | ▼ 3.3% |
| Fixed assets21/28 | €464,037 | €434,492 | ▼ 6.4% |
| Intangible fixed assets21 | €56,609 | €49,859 | ▼ 11.9% |
| Tangible fixed assets22/27 | €399,928 | €377,133 | ▼ 5.7% |
| Plant, machinery and equipment23 | €281,777 | €246,903 | ▼ 12.4% |
| Furniture and vehicles24 | €118,152 | €130,230 | ▲ 10.2% |
| Financial fixed assets28 | €7,500 | €7,500 | = |
| Current assets29/58 | €47,401 | €60,220 | ▲ 27.0% |
| Stocks and contracts in progress3 | €3,734 | €14,950 | ▲ 300% |
| Stocks30/36 | €3,734 | €14,950 | ▲ 300% |
| Amounts receivable within one year40/41 | €4,419 | €8,909 | ▲ 102% |
| Trade receivables40 | €3,618 | €6,403 | ▲ 77.0% |
| Other amounts receivable41 | €802 | €2,506 | ▲ 213% |
| Cash at bank and in hand54/58 | €39,218 | €34,579 | ▼ 11.8% |
| Deferred charges and accrued income490/1 | €30 | €1,782 | ▲ 60× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €511,439 | €494,711 | ▼ 3.3% |
| Equity10/15 | €26,376 | €9,577 | ▼ 63.7% |
| Contributions10/11 | €93,800 | €93,800 | = |
| Profit (loss) carried forward14 | -€67,424 | -€84,223 | ▼ 24.9% |
| Amounts payable17/49 | €485,062 | €485,135 | = |
| Amounts payable after more than one year17 | €278,410 | €339,262 | ▲ 21.9% |
| Financial debts170/4 | €278,410 | €339,262 | ▲ 21.9% |
| Amounts payable within one year42/48 | €206,653 | €145,142 | ▼ 29.8% |
| Current portion of amounts payable after more than one year42 | €53,886 | €71,857 | ▲ 33.4% |
| Trade debts44 | €29,480 | €62,516 | ▲ 112% |
| Suppliers440/4 | €29,480 | €62,516 | ▲ 112% |
| Taxes, remuneration and social security45 | €12,090 | €10,769 | ▼ 10.9% |
| Taxes450/3 | €1,608 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €10,482 | €10,769 | ▲ 2.7% |
| Other amounts payable47/48 | €111,198 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €731 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€67,424 | -€16,800 | ▲ 75.1% |
| + Depreciation and write-downs630 | €56,298 | €55,077 | ▼ 2.2% |
| Operating cash flow (approximation) | -€11,126 | €38,277 | - |
| Investment in fixed assets (approximation) | - | -€25,531 | - |
| Change in cash | - | -€4,640 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,301 companies had the same profile as Suva has now. Two years later, 92.6% were still going and 5.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Suva itself: 5.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,301 companies, not a prediction for Suva. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.