The Sulfolane Company
ActiveSummary
The Sulfolane Company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €20k. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 21% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-3
Solvency27▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 0.96 in 2024; short-term debt: 94.3% and cash: 3.8% of total assets), and 97.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.3%
Return on assets
1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 11322 sector peers (2025).
NBB · sector comparisonPosition among 11322 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
35 d early
2024
24 d late
2023
30 d late
2022
19 d late
2021
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▲ 69.7%
2024 · €28k
2021: €20k
2022: €18k
2023: €27k
2024: €28k
2021 → 2025
Total assets
€2.04M▲ 85.4%
2024 · €1.10M
2021: €2.12M
2022: €1.29M
2023: €906k
2024: €1.10M
2021 → 2025
Net result
€20k▲ 2,026%
2024 · €922
2021: €-5k
2022: €-2k
2023: €9k
2024: €922
2021 → 2025
Working capital
€75k
2024 · €-39k
2021: €-34k
2022: €-102k
2023: €-70k
2024: €-39k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€18k▼ 8.0%€27k▲ 48.9%€28k▲ 3.4%€48k▲ 69.7%
Operating result€58k-€23k▼ 59.9%€37k▲ 60.4%€54k▲ 46.3%€81k▲ 49.1%
Net result€-5k-€-2k▲ 68.9%€9k€922▼ 89.7%€20k▲ 2,026%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 49% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.04M
Fixed assets
€41k ▼ 39.3%
Current assets
€2.00M ▲ 93.5%
Equity and liabilities €2.04M
Equity
€48k ▲ 69.7%
Provisions
€68k
Debt
€1.93M ▲ 79.4%
Debt's share of the balance-sheet total falls from 97.4% to 94.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€107k▲
2024 · €85k
Cash flow
€46k▲
2024 · €31k
Current ratio
1.04▲
2024 · 0.96
Quick ratio
0.50▲
2024 · 0.46
Debt to equity
40.37▲
2024 · 38.17
ROE
41.1%▲
2024 · 3.3%
ROA
1.0%▲
2024 · 0.1%
Interest coverage
0.89▼
2024 · 1.31
Debt ≤ 1 year
€1.93M▲
2024 · €1.07M
Income taxes
€8k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€2.04M▲
Fixed assets21/28€67k€41k▼
Intangible fixed assets21€28k€11k▼
Tangible fixed assets22/27€30k€21k▼
Furniture and vehicles24€30k€21k▼
Financial fixed assets28€8k€8k=
Current assets29/58€1.03M€2.00M▲
Stocks and contracts in progress3€546k€1.03M▲
Stocks30/36€546k€1.03M▲
Amounts receivable within one year40/41€453k€888k▲
Trade receivables40€426k€597k▲
Other amounts receivable41€27k€291k▲
Cash at bank and in hand54/58€36k€77k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€1.10M€2.04M▲
Equity10/15€28k€48k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€3k€23k▲
Provisions and deferred taxes16-€68k
Provisions for liabilities and charges160/5-€68k
Environmental obligations163-€68k
Amounts payable17/49€1.07M€1.93M▲
Amounts payable within one year42/48€1.07M€1.93M▲
Trade debts44€171k€624k▲
Suppliers440/4€171k€624k▲
Taxes, remuneration and social security45€2k€9k▲
Taxes450/3€2k€9k▲
Other amounts payable47/48€900k€1.29M▲
Accrued charges and deferred income492/3-€15
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€26k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€68k
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A-€10
Gross operating margin9900€86k€176k▲
Operating profit (loss)9901€54k€81k▲
Financial income75/76B€12k€67k▲
Recurring financial income75€12k€67k▲
Financial charges65/66B€65k€121k▲
Recurring financial charges65€65k€121k▲
Profit (loss) for the period before taxes9903€2k€27k▲
Income taxes67/77€1k€8k▲
Profit (loss) for the period9904€922€20k▲
Profit (loss) for the period to be appropriated9905€922€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€23k▲
Profit (loss) brought forward from the previous period14P€2k€3k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €20k ▲2026%
Operating result €81k, net result €20k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 24 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 19 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wezembeek-Oppem · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mechelsesteenweg 261970 Wezembeek-OppemGround area
560 m²
Building footprint
127 m²
Volume, LiDAR
999 m³
Parcel 22006B0475/00N002, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
The Sulfolane Company
since 20202.305.229.546
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006B0475/00N002 | Flanders | 560 m² | 1 · 127 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845007C5D2AXEB0D518
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Of 537 companies in sector 46120 we hold annual accounts for 303. 179 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2020
Fiscal year end31-12
Abbreviation NL
TSC
Activities, NACEBEL 2025
46120Wholesale trade
46851Wholesale of industrial chemicals
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.