Financials
- Fiscal year
- 2024
- Turnover
- €19,400
- Profit
- €16,820
- Solvency
- -11.7%
Turnover▲ 144%
Net result
20182024
TROPIC SUN
ActiveSummary
The computed 12-month bankruptcy probability of TROPIC SUN is 3.0% (moderate). The 2024 annual accounts show negative equity (-€5,341) and a net result of €16,820. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 6163 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Day spas, saunas and steam baths
NACE 96230NACE 96040
1 site
Size
€19,400turnover 2024
- Equity
- -€5,341
- Profit
- €16,820
Structure
Accounts 64 d overdue0 of 2 deeds read
Why 52- Figures for FY 2024 (filed 30-08-2025)- 1 financial year not filed after the legal deadline; latest accounts 30 days late; 1 of the last 3 late- Liquidity: current ratio 3.34, cash €645, halved+ Founded in 2014Show the evidence
Checked score
Score 2024
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 60% of its sector peers (NACE 96, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
13+13
equity -11.7% of total assets
Liquidity
43-45
short-term debt 23.4% · cash 1.4%
Profitability
100=
return on assets 36.9%
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.2%
12-2024: 1.2%● 0.0% vs 11-2024
01-2025: 1.1%▼ -1.0% vs 12-2024
02-2025: 1.1%● 0.0% vs 01-2025
03-2025: 1.1%▼ -0.8% vs 02-2025
04-2025: 1.1%● 0.0% vs 03-2025
05-2025: 1.1%▼ -1.5% vs 04-2025
06-2025: 1.0%▼ -13.4% vs 05-2025lowest value
07-2025: 1.0%▲ +0.1% vs 06-2025
08-2025: 1.4%▲ +44.1% vs 07-2025
09-2025: 1.5%▲ +4.9% vs 08-2025
10-2025: 1.5%▲ +0.8% vs 09-2025
11-2025: 1.5%● 0.0% vs 10-2025
12-2025: 1.4%▼ -3.7% vs 11-2025
01-2026: 1.4%▼ -0.1% vs 12-2025
02-2026: 1.4%● 0.0% vs 01-2026
03-2026: 1.4%▼ -0.6% vs 02-2026
04-2026: 1.4%▼ -0.4% vs 03-2026
05-2026: 1.4%▼ -1.2% vs 04-2026
06-2026: 1.3%▼ -8.4% vs 05-2026
07-2026: 1.3%▲ +2.0% vs 06-2026
08-2026: 1.7%▲ +34.4% vs 07-2026
09-2026: 2.1%▲ +18.7% vs 08-2026
10-2026: 3.0%▲ +43.8% vs 09-2026highest value
- Figures for FY 2024 (filed 30-08-2025) raises the probability
- Founded in 2014 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 30 days late; 1 of the last 3 late raises the probability
- Liquidity: current ratio 3.34, cash €645, halved raises the probability
No credit on open account
Liquidity ample (current ratio 3.34 against 9.62 in 2023; short-term debt: 23.4% and cash: 1.4% of total assets), but equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 96, micro). Better than this share of them on solvency 25%, liquidity 35%, profitability 93%, growth against the median 87%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
30 d late
2023
31 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Highest result since 2018net €27,543 ▲393%
Key points
By topic
Timeline
- Events
- 14
- Since
- 2016
- 30-08-2025Annual accounts filed
- 31-08-2024Annual accounts filed
- 31-12-2023Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Day spas, saunas and steam bathsNACE 96230
- Founded
- 24-12-2014
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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