WHITE SUN
ActiveWHITE SUN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €473k and a net result of €70k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 140 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
78
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-26
Solvency48▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.29 in 2024), and 73.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 79
Relative position
BE, all sectors
reference
Sector 79
higher
← 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
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
26.3%
Return on assets
3.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
28 d late
2023
21 d late
2022
15 d late
2021
16 d late
2020
19 d late
2019
152 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€70k▼ 45.7%
2024 · €129k
2018: €47k
2019: €20k
2020: €-68k
2021: €89k
2022: €102k
2023: €171k
2024: €129k
2018 → 2025
Working capital
€440k▲ 15.3%
2024 · €382k
2018: €-10k
2019: €-19k
2020: €-60k
2021: €169k
2022: €549k
2023: €374k
2024: €382k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€190k▲ 73.7%€301k▲ 58.4%€402k▲ 33.9%€473k▲ 17.5%
Operating result€9k-€176k▲ 1,860%€252k▲ 43.3%€195k▼ 22.5%€113k▼ 41.8%
Net result€89k-€102k▲ 13.5%€171k▲ 68.3%€129k▼ 24.3%€70k▼ 45.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.79M
Fixed assets
€110k▼ 26.6%
Current assets
€1.68M▼ 1.4%
Equity and liabilities €1.79M
Equity
€473k▲ 17.5%
Debt
€1.32M▼ 9.2%
The debt ratio falls from 78.4% to 73.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€154k▼
2024 · €236k
Cash flow
€111k▼
2024 · €170k
Solvency
26.3%▲
2024 · 21.6%
Current ratio
1.35▲
2024 · 1.29
Quick ratio
1.35▲
2024 · 1.29
Debt / equity
2.80▼
2024 · 3.62
ROE
14.9%▼
2024 · 32.1%
ROA
3.9%▼
2024 · 7.0%
Interest coverage
6.96▼
2024 · 11.15
Debt
€1.32M▼
2024 · €1.46M
Debt ≤ 1 year
€1.24M▼
2024 · €1.33M
Debt > 1 year
€7k▼
2024 · €32k
Income taxes
€32k▼
2024 · €55k
Staff costs
€247k▲
2024 · €221k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.86M€1.79M▼
Formation expenses20€0€0=
Fixed assets21/28€150k€110k▼
Tangible fixed assets22/27€150k€110k▼
Land and buildings22€1k€1k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€143k€104k▼
Other tangible fixed assets26€0€0=
Current assets29/58€1.71M€1.68M▼
Amounts receivable within one year40/41€30k€64k▲
Trade receivables40€23k€14k▼
Other amounts receivable41€7k€50k▲
Cash at bank and in hand54/58€815k€765k▼
Deferred charges and accrued income490/1€863k€855k▼
Equity and liabilities
Total equity and liabilities10/49€1.86M€1.79M▼
Equity10/15€402k€473k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€341k€411k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€44k€6k▼
Distributable reserves133€291k€399k▲
Amounts payable17/49€1.46M€1.32M▼
Amounts payable after more than one year17€32k€7k▼
Financial debts170/4€32k€7k▼
Amounts payable within one year42/48€1.33M€1.24M▼
Current portion of amounts payable after more than one year42€42k€25k▼
Trade debts44€66k€114k▲
Suppliers440/4€66k€114k▲
Advances received on contracts in progress46€1.16M€1.08M▼
Taxes, remuneration and social security45€32k€28k▼
Taxes450/3€9k€9k▲
Remuneration and social security454/9€23k€19k▼
Other amounts payable47/48€28k€433▼
Accrued charges and deferred income492/3€98k€71k▼
Income statement
Code20242025
Remuneration, social security and pensions62€221k€247k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€41k=
Other operating charges640/8€1k€706▼
Non-recurring operating charges66A€2k€1k▼
Gross operating margin9900€460k€403k▼
Operating profit (loss)9901€195k€113k▼
Financial income75/76B€10k€11k▲
Recurring financial income75€10k€11k▲
Financial charges65/66B€21k€22k▲
Recurring financial charges65€21k€22k▲
Profit (loss) for the period before taxes9903€184k€102k▼
Income taxes67/77€55k€32k▼
Profit (loss) for the period9904€129k€70k▼
Transfer from tax-exempt reserves789-€37k
Profit (loss) for the period to be appropriated9905€129k€108k▼
Appropriation of the result
Profit (loss) to be appropriated9906€129k€108k▼
Transfer to equity691/2€102k€108k▲
To other reserves6921€102k€108k▲
Profit to be distributed694/7€28k-
Return on contributions (dividend)694€28k-
Social balance
Average headcount (FTE)90874.54.5=
The notes to these accounts (8 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
31-12
Financial
Highest result since 2018net €171k ▲68.3%
Operating result €252k, net result €171k, both a record.
31-12
Financial
Equity above €200kEq €301k ▲58.4%
3 profitable years in a row build equity to €301k.
15-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 15 days late
2022
31-12
Financial
Equity above €150kEq €190k ▲73.7%
2 profitable years in a row build equity to €190k.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Back to profitnet €89k
Net result €89k after one loss-making year.
31-12
Financial
Equity above €100kEq €109k ▲452%
Equity rises from €20k to €109k.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
31-12
Financial
Weakest financial yearnet €-68k ▼444%
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 152 days late
2019
28-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lanaken · 1 establishment unit since 1997
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.
Stationsstraat 563620 LanakenGround area
3,431 m²
Building footprint
3,143 m²
Volume, LiDAR
15,569 m³
2 parcels, Flanders · tallest building 17.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Stationsstraat 44, 3620 Lanaken
since 19972.082.901.685
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73042D0699/00M002 | Flanders | 3,036 m² | 1 · 2,748 m² | 14.6 m · 1 fl. |
| 73042D0699/00A003 | Flanders | 395 m² | 1 · 395 m² | 17.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 1,430 companies in sector 79110 we hold annual accounts for 874. 662 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-06-1997
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.