SUSA-BRUXELLES
ActiveSummary
SUSA-BRUXELLES has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €88k and a net result of €34k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 514 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+7
Solvency42▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.1 in 2023; short-term debt: 82.4% and cash: 24.5% of total assets), and 83.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Social work activities without accommodation (NACE 88)
about 62% fewer 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
16.6%
Return on assets
6.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 514 sector peers (2024).
NBB · sector comparisonPosition among 514 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
36 d early
2022
41 d early
2021
32 d early
2020
40 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€34k▲ 684%
2023 · €4k
2018: €9k
2019: €13k▲ +49.4% vs 2018
2020: €12k▼ -9.5% vs 2019
2021: €-11k▼ -191% vs 2020lowest in 7 years
2022: €13k▲ +219% vs 2021
2023: €4k▼ -67.0% vs 2022
2024: €34k▲ +684% vs 2023highest in 7 years
2018 → 2024
Working capital
€77k▲ 70.5%
2023 · €45k
2018: €22k
2019: €22k▼ -1.0% vs 2018lowest in 7 years
2020: €41k▲ +88.5% vs 2019
2021: €101k▲ +149% vs 2020highest in 7 years
2022: €39k▼ -61.2% vs 2021
2023: €45k▲ +14.6% vs 2022
2024: €77k▲ +70.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€55k-€43k▼ 22.3%€52k▲ 20.4%€54k▲ 5.1%€88k▲ 63.0%
2020: €55k
2021: €43k▼ -22.3% vs 2020lowest in 5 years
2022: €52k▲ +20.4% vs 2021
2023: €54k▲ +5.1% vs 2022
2024: €88k▲ +63.0% vs 2023highest in 5 years
Operating result€12k-€-12k€13k€5k▼ 64.7%€35k▲ 647%
2020: €12k
2021: €-12k▼ -196% vs 2020lowest in 5 years
2022: €13k▲ +209% vs 2021
2023: €5k▼ -64.7% vs 2022
2024: €35k▲ +647% vs 2023highest in 5 years
Net result€12k-€-11k€13k€4k▼ 67.0%€34k▲ 684%
2020: €12k
2021: €-11k▼ -191% vs 2020lowest in 5 years
2022: €13k▲ +219% vs 2021
2023: €4k▼ -67.0% vs 2022
2024: €34k▲ +684% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 647% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €531k
Fixed assets
€17k ▲ 16.1%
Current assets
€514k ▲ 6.1%
Equity and liabilities €531k
Equity
€88k ▲ 63.0%
Debt
€443k ▼ 0.5%
Debt's share of the balance-sheet total falls from 89.2% to 83.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▲
2023 · €6k
Cash flow
€35k▲
2023 · €5k
Current ratio
1.18▲
2023 · 1.10
Debt to equity
5.02▼
2023 · 8.22
ROE
38.8%▲
2023 · 8.1%
ROA
6.5%▲
2023 · 0.9%
Interest coverage
122.51▲
2023 · 22.07
Debt ≤ 1 year
€438k▼
2023 · €440k
Staff costs
€1.41M▲
2023 · €1.30M
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€499k€531k▲
Fixed assets21/28€14k€17k▲
Tangible fixed assets22/27€2k€4k▲
Plant, machinery and equipment23€2k€4k▲
Financial fixed assets28€13k€13k=
Current assets29/58€485k€514k▲
Amounts receivable within one year40/41€186k€187k▲
Trade receivables40€21k€10k▼
Other amounts receivable41€165k€178k▲
Cash at bank and in hand54/58€169k€130k▼
Deferred charges and accrued income490/1€130k€197k▲
Equity and liabilities
Total equity and liabilities10/49€499k€531k▲
Equity10/15€54k€88k▲
Profit (loss) carried forward14€54k€88k▲
Investment grants15€281€141▼
Amounts payable17/49€445k€443k▼
Amounts payable within one year42/48€440k€438k▼
Trade debts44€4k€13k▲
Suppliers440/4€4k€13k▲
Taxes, remuneration and social security45€279k€267k▼
Taxes450/3€20k€37k▲
Remuneration and social security454/9€259k€230k▼
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20232024
Non-recurring operating income76A€6k€26k▲
Goods, raw materials, services and sundry goods60/61€192k€215k▲
Remuneration, social security and pensions62€1.30M€1.41M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€853▼
Non-recurring operating charges66A€4k€2k▼
Gross operating margin9900€1.32M€1.47M▲
Operating profit (loss)9901€5k€35k▲
Financial income75/76B€1€1=
Recurring financial income75€1€1=
Financial charges65/66B€259€289▲
Recurring financial charges65€259€289▲
Profit (loss) for the period before taxes9903€4k€34k▲
Profit (loss) for the period9904€4k€34k▲
Profit (loss) for the period to be appropriated9905€4k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€88k▲
Profit (loss) brought forward from the previous period14P€49k€54k▲
Social balance
Average headcount (FTE)908721.722.5▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5k | €38k | €6k | €26k | ▲ 372% |
| Goods, raw materials, services and sundry goods60/61 | - | €165k | €188k | €192k | €215k | ▲ 12.0% |
| Remuneration, social security and pensions62 | - | €1.12M | €1.24M | €1.30M | €1.41M | ▲ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €1k | €1k | €853 | ▼ 21.7% |
| Non-recurring operating charges66A | - | €4k | €-897 | €4k | €2k | ▼ 56.7% |
| Gross operating margin9900 | €1.05M | €1.13M | €1.27M | €1.32M | €1.47M | ▲ 11.0% |
| Operating profit (loss)9901 | €12k | €-12k | €13k | €5k | €35k | ▲ 647% |
| Financial income75/76B | - | €1k | €521 | €1 | €1 | = |
| Recurring financial income75 | - | €1k | €521 | €1 | €1 | = |
| Financial charges65/66B | - | €256 | €374 | €259 | €289 | ▲ 11.6% |
| Recurring financial charges65 | €290 | €256 | €374 | €259 | €289 | ▲ 11.6% |
| Profit (loss) for the period before taxes9903 | €12k | €-11k | €13k | €4k | €34k | ▲ 684% |
| Profit (loss) for the period9904 | €12k | €-11k | €13k | €4k | €34k | ▲ 684% |
| Profit (loss) for the period to be appropriated9905 | €12k | €-11k | €13k | €4k | €34k | ▲ 684% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €260k | €359k | €350k | €499k | €531k | ▲ 6.4% |
| Fixed assets21/28 | €16k | €15k | €14k | €14k | €17k | ▲ 16.1% |
| Tangible fixed assets22/27 | €3k | €2k | €1k | €2k | €4k | ▲ 151% |
| Plant, machinery and equipment23 | - | €2k | €1k | €2k | €4k | ▲ 151% |
| Financial fixed assets28 | €13k | €13k | €13k | €13k | €13k | = |
| Current assets29/58 | €244k | €344k | €336k | €485k | €514k | ▲ 6.1% |
| Amounts receivable within one year40/41 | €110k | €240k | €197k | €186k | €187k | ▲ 0.9% |
| Trade receivables40 | - | €7k | €11k | €21k | €10k | ▼ 53.4% |
| Other amounts receivable41 | - | €234k | €185k | €165k | €178k | ▲ 7.8% |
| Cash at bank and in hand54/58 | €47k | €30k | €28k | €169k | €130k | ▼ 23.1% |
| Deferred charges and accrued income490/1 | - | €74k | €112k | €130k | €197k | ▲ 51.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €260k | €359k | €350k | €499k | €531k | ▲ 6.4% |
| Equity10/15 | €55k | €43k | €52k | €54k | €88k | ▲ 63.0% |
| Profit (loss) carried forward14 | €47k | €36k | €49k | €54k | €88k | ▲ 63.6% |
| Investment grants15 | - | €7k | €2k | €281 | €141 | ▼ 49.8% |
| Amounts payable17/49 | €205k | €317k | €299k | €445k | €443k | ▼ 0.5% |
| Amounts payable within one year42/48 | €203k | €243k | €297k | €440k | €438k | ▼ 0.5% |
| Trade debts44 | €6k | €4k | €5k | €4k | €13k | ▲ 233% |
| Suppliers440/4 | - | €4k | €5k | €4k | €13k | ▲ 233% |
| Taxes, remuneration and social security45 | - | €172k | €219k | €279k | €267k | ▼ 4.3% |
| Taxes450/3 | - | €15k | €48k | €20k | €37k | ▲ 84.8% |
| Remuneration and social security454/9 | - | €158k | €170k | €259k | €230k | ▼ 11.1% |
| Accrued charges and deferred income492/3 | - | €74k | €2k | €5k | €5k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €-11k | €13k | €4k | €34k | ▲ 684% |
| + Depreciation and write-downs630 | €3k | €2k | €1k | €1k | €853 | ▼ 21.7% |
| Operating cash flow (approximation) | €15k | €-9k | €14k | €5k | €35k | ▲ 543% |
| Investment in fixed assets (approximation) | - | €-704 | €0 | €-2k | €-3k | ▼ 102% |
| Change in cash | - | €-17k | €-2k | €141k | €-39k | ▼ 128% |
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
2026
25-09
State Gazette act
Appointments: André GUBBELS, Bernard HOEBEN and 3 othersResignation: Eric WILLAYE (director) · Admissions: André GUBBELS, Bernard HOEBEN and 4 others · Withdrawal: Eric WILLAYE (membre de l'assemblée générale)14 facts ▸
State Gazette act
Appointments: André GUBBELS, Bernard HOEBEN and 3 others
Resignation: Eric WILLAYE (director) · Admissions: André GUBBELS, Bernard HOEBEN and 4 others · Withdrawal: Eric WILLAYE (membre de l'assemblée générale)14 facts ▸
- Registered-office move, Rue d'Enghien 18 à 1080 Bruxelles
- Director appointment, André GUBBELS (director)
- Director appointment, Bernard HOEBEN (director)
- Director appointment, Tiffany VERHOFSTADT (director)
- Director appointment, La Fondation SUSA (director)
- Director resignation, Eric WILLAYE (director)
- Member admission, André GUBBELS (membre de l'assemblée générale)
- Member admission, Bernard HOEBEN (membre de l'assemblée générale)
- Member admission, Tiffany VERHOFSTADT (membre de l'assemblée générale)
- Member admission, SUSA BRUXELLES (membre de l'assemblée générale)
- Member admission, Catherine LUYCKX (membre de l'assemblée générale)
- Member admission, Christine THONON (membre de l'assemblée générale)
- +2 further facts in this act
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €34k ▲684%
Operating result €35k, net result €34k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
25-09-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 1999
Ground area
8,493 m²
Building footprint
6,936 m²
Volume, LiDAR
65,798 m³
2 parcels, Brussels · tallest building 15.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SUSA Bruxelles ASBL
since 19992.163.877.483
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0939/00V088indicative | Brussels | 7,147 m² | 1 · 6,272 m² | 12.8 m · 3 fl. |
| 21523B0939/00Y106 | Brussels | 1,346 m² | 1 · 665 m² | 15.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| SRL "Joiris, Rousseaux & Co"Current Auditor · represented by Alexis PRUNEAU | 25-09-2026 → present |
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Of 2,203 companies in sector 88999 we hold annual accounts for 802. 559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded24-11-1999
Fiscal year end31-12
Abbreviation FR
SUSA BRUXELLES
Activities, NACEBEL 2025
88999Other social work without accommodation
Scores and ratios are computed by Checked and are not a credit decision.