POWERSUN
ActiveSummary
POWERSUN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250k and a net result of €51k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 4659 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77=
Solvency58▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.92 against 1.83 in 2024; short-term debt: 7.9% and cash: 12% of total assets), but 66.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
33.1%
Return on assets
6.7%
Age of the figures
9 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 20-08-2026, 20 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
20 d late
2024
21 d late
2023
55 d early
2022
62 d early
2021
54 d early
2020
30 d late
2019
25 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€250k▲ 25.6%
2024 · €199k
2018: €80klowest in 8 years
2019: €119k▲ +49.5% vs 2018
2020: €107k▼ -10.7% vs 2019
2021: €112k▲ +4.7% vs 2020
2022: €111k▼ -0.3% vs 2021
2023: €150k▲ +35.2% vs 2022
2024: €199k▲ +32.3% vs 2023
2025: €250k▲ +25.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€754k▲ 3.8%
2024 · €726k
2018: €408k
2019: €476k▲ +16.7% vs 2018
2020: €427k▼ -10.4% vs 2019
2021: €406k▼ -4.7% vs 2020lowest in 8 years
2022: €741k▲ +82.3% vs 2021
2023: €721k▼ -2.6% vs 2022
2024: €726k▲ +0.6% vs 2023
2025: €754k▲ +3.8% vs 2024highest in 8 years
2018 → 2025
Net result
€51k▲ 4.7%
2024 · €49k
2018: €7k
2019: €39k▲ +477% vs 2018
2020: €-13k▼ -132% vs 2019lowest in 8 years
2021: €5k▲ +139% vs 2020
2022: €-350▼ -107% vs 2021
2023: €39k▲ +11293% vs 2022
2024: €49k▲ +24.1% vs 2023
2025: €51k▲ +4.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€114k▲ 150%
2024 · €46k
2018: €-78klowest in 8 years
2019: €7k▲ +109% vs 2018
2020: €7k▲ +12.2% vs 2019
2021: €30k▲ +300% vs 2020
2022: €8k▼ -72.5% vs 2021
2023: €16k▲ +93.2% vs 2022
2024: €46k▲ +189% vs 2023
2025: €114k▲ +150% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€112k-€111k▼ 0.3%€150k▲ 35.2%€199k▲ 32.3%€250k▲ 25.6%
2021: €112k
2022: €111k▼ -0.3% vs 2021lowest in 5 years
2023: €150k▲ +35.2% vs 2022
2024: €199k▲ +32.3% vs 2023
2025: €250k▲ +25.6% vs 2024highest in 5 years
Operating result€7k-€5k▼ 32.6%€49k▲ 884%€70k▲ 41.1%€83k▲ 19.0%
2021: €7k
2022: €5k▼ -32.6% vs 2021lowest in 5 years
2023: €49k▲ +884% vs 2022
2024: €70k▲ +41.1% vs 2023
2025: €83k▲ +19.0% vs 2024highest in 5 years
Net result€5k-€-350€39k€49k▲ 24.1%€51k▲ 4.7%
2021: €5k
2022: €-350▼ -107% vs 2021lowest in 5 years
2023: €39k▲ +11293% vs 2022
2024: €49k▲ +24.1% vs 2023
2025: €51k▲ +4.7% vs 2024highest in 5 years
Turnover and EBIT margin not published: the 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 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €754k
Fixed assets
€580k ▼ 7.3%
Current assets
€174k ▲ 73.2%
Equity and liabilities €754k
Equity
€250k ▲ 25.6%
Debt
€504k ▼ 4.4%
Debt's share of the balance-sheet total falls from 72.6% to 66.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€150k▲
2024 · €135k
Cash flow
€118k▲
2024 · €114k
Current ratio
2.92▲
2024 · 1.83
Quick ratio
2.83▲
2024 · 1.74
Debt to equity
2.02▼
2024 · 2.65
ROE
20.4%▼
2024 · 24.4%
ROA
6.7%▲
2024 · 6.7%
Interest coverage
10.72▼
2024 · 20.36
Debt ≤ 1 year
€60k▲
2024 · €55k
Debt > 1 year
€442k▼
2024 · €471k
Income taxes
€19k▲
2024 · €15k
Staff costs
€33k▲
2024 · €30k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€726k€754k▲
Fixed assets21/28€626k€580k▼
Tangible fixed assets22/27€625k€579k▼
Land and buildings22€506k€498k▼
Plant, machinery and equipment23€96k€64k▼
Furniture and vehicles24€9k€6k▼
Other tangible fixed assets26€14k€12k▼
Financial fixed assets28€725€725=
Current assets29/58€100k€174k▲
Stocks and contracts in progress3€5k€5k▲
Stocks30/36€5k€5k▲
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€4k€6k▲
Other amounts receivable41-€31
Current investments50/53-€71k
Cash at bank and in hand54/58€89k€90k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€726k€754k▲
Equity10/15€199k€250k▲
Contributions10/11€19k€19k=
Reserves13€180k€231k▲
Distributable reserves133€180k€231k▲
Amounts payable17/49€527k€504k▼
Amounts payable after more than one year17€471k€442k▼
Financial debts170/4€152k€124k▼
Other amounts payable178/9€319k€318k▼
Amounts payable within one year42/48€55k€60k▲
Current portion of amounts payable after more than one year42€38k€28k▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€10k€20k▲
Taxes450/3€7k€18k▲
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€58€9k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€30k€33k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€67k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€172k€190k▲
Operating profit (loss)9901€70k€83k▲
Financial income75/76B€795€583▼
Recurring financial income75€795€583▼
Financial charges65/66B€7k€14k▲
Recurring financial charges65€7k€14k▲
Profit (loss) for the period before taxes9903€64k€70k▲
Income taxes67/77€15k€19k▲
Profit (loss) for the period9904€49k€51k▲
Profit (loss) for the period to be appropriated9905€49k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€51k▲
Transfer to equity691/2€49k€51k▲
To other reserves6921€49k€51k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €27k | €34k | €35k | €30k | €33k | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50k | €97k | €74k | €65k | €67k | ▲ 2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €306 | - | - | - | - |
| Other operating charges640/8 | €6k | €6k | €7k | €7k | €7k | ▲ 4.2% |
| Gross operating margin9900 | €90k | €142k | €166k | €172k | €190k | ▲ 10.4% |
| Operating profit (loss)9901 | €7k | €5k | €49k | €70k | €83k | ▲ 19.0% |
| Financial income75/76B | €525 | €57 | €53 | €795 | €583 | ▼ 26.7% |
| Recurring financial income75 | €525 | €57 | €53 | €795 | €583 | ▼ 26.7% |
| Financial charges65/66B | €2k | €5k | €6k | €7k | €14k | ▲ 111% |
| Recurring financial charges65 | €2k | €5k | €6k | €7k | €14k | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €6k | €-136 | €43k | €64k | €70k | ▲ 8.9% |
| Income taxes67/77 | €691 | €214 | €4k | €15k | €19k | ▲ 22.6% |
| Profit (loss) for the period9904 | €5k | €-350 | €39k | €49k | €51k | ▲ 4.7% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-350 | €39k | €49k | €51k | ▲ 4.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €406k | €741k | €721k | €726k | €754k | ▲ 3.8% |
| Fixed assets21/28 | €333k | €676k | €644k | €626k | €580k | ▼ 7.3% |
| Intangible fixed assets21 | €540 | €180 | - | - | - | - |
| Tangible fixed assets22/27 | €332k | €675k | €643k | €625k | €579k | ▼ 7.3% |
| Land and buildings22 | €217k | €500k | €494k | €506k | €498k | ▼ 1.6% |
| Plant, machinery and equipment23 | €100k | €163k | €127k | €96k | €64k | ▼ 33.8% |
| Furniture and vehicles24 | €3k | €865 | €12k | €9k | €6k | ▼ 32.5% |
| Other tangible fixed assets26 | €12k | €11k | €11k | €14k | €12k | ▼ 13.7% |
| Financial fixed assets28 | €725 | €725 | €725 | €725 | €725 | = |
| Current assets29/58 | €73k | €65k | €77k | €100k | €174k | ▲ 73.2% |
| Stocks and contracts in progress3 | €12k | €11k | €17k | €5k | €5k | ▲ 0.9% |
| Stocks30/36 | €12k | €11k | €17k | €5k | €5k | ▲ 0.9% |
| Amounts receivable within one year40/41 | €6k | €9k | €11k | €4k | €6k | ▲ 33.6% |
| Trade receivables40 | €5k | €2k | €10k | €4k | €6k | ▲ 32.9% |
| Other amounts receivable41 | €436 | €6k | €1k | - | €31 | - |
| Current investments50/53 | - | - | - | - | €71k | - |
| Cash at bank and in hand54/58 | €54k | €44k | €48k | €89k | €90k | ▲ 1.3% |
| Deferred charges and accrued income490/1 | €1k | €1k | €479 | €2k | €2k | ▼ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €406k | €741k | €721k | €726k | €754k | ▲ 3.8% |
| Equity10/15 | €112k | €111k | €150k | €199k | €250k | ▲ 25.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €93k | €93k | €132k | €180k | €231k | ▲ 28.2% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €91k | €91k | €132k | €180k | €231k | ▲ 28.2% |
| Amounts payable17/49 | €295k | €630k | €571k | €527k | €504k | ▼ 4.4% |
| Amounts payable after more than one year17 | €251k | €567k | €509k | €471k | €442k | ▼ 6.1% |
| Financial debts170/4 | €46k | €234k | €190k | €152k | €124k | ▼ 18.2% |
| Other amounts payable178/9 | €206k | €333k | €319k | €319k | €318k | ▼ 0.3% |
| Amounts payable within one year42/48 | €44k | €57k | €62k | €55k | €60k | ▲ 8.9% |
| Current portion of amounts payable after more than one year42 | €30k | €44k | €45k | €38k | €28k | ▼ 26.7% |
| Trade debts44 | €7k | €6k | €4k | €7k | €3k | ▼ 52.9% |
| Suppliers440/4 | €7k | €6k | €4k | €7k | €3k | ▼ 52.9% |
| Taxes, remuneration and social security45 | €4k | €4k | €10k | €10k | €20k | ▲ 90.7% |
| Taxes450/3 | €3k | €764 | €6k | €7k | €18k | ▲ 147% |
| Remuneration and social security454/9 | €1k | €4k | €4k | €3k | €2k | ▼ 31.7% |
| Other amounts payable47/48 | €3k | €2k | €4k | €58 | €9k | ▲ 15,578% |
| Accrued charges and deferred income492/3 | - | €6k | €709 | €1k | €2k | ▲ 63.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-350 | €39k | €49k | €51k | ▲ 4.7% |
| + Depreciation and write-downs630 | €50k | €97k | €74k | €65k | €67k | ▲ 2.6% |
| Operating cash flow (approximation) | €55k | €96k | €113k | €114k | €118k | ▲ 3.5% |
| Investment in fixed assets (approximation) | - | €-440k | €-42k | €-47k | €-21k | ▲ 54.4% |
| Change in cash | - | €-10k | €5k | €41k | €1k | ▼ 97.0% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €51k ▲4.7%
Operating result €83k, net result €51k, both a record.
31-12
Financial
Equity above €200kEq €250k ▲25.6%
3 profitable years in a row build equity to €250k.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Equity above €150kEq €150k ▲35.2%
Equity rises from €111k to €150k.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
Show earlier events
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 1.14
Current ratio from 0.32 to 1.14; short-term debt falls from €114k to €46k.
31-12
Financial
Equity above €100kEq €119k ▲49.5%
2 profitable years in a row build equity to €119k.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Roeselare · 4 establishment units since 2002
Ground area
1,059 m²
Building footprint
544 m²
Volume, LiDAR
4,968 m³
4 parcels, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
POWERSUN
since 20022.101.751.062
Powersun
since 20182.278.467.345
Powersun
since 20182.278.467.444
POWERSUN
since 20222.328.969.505
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B0140/02H000 | Flanders | 375 m² | 1 · 215 m² | 13.7 m · 3 fl. |
| 36494D1351/00B000 | Flanders | 296 m² | 1 · 85 m² | 11.4 m · 2 fl. |
| 36492A0107/00E000 | Flanders | 259 m² | 1 · 114 m² | 13.8 m · 3 fl. |
| 36008A0120/00E000 | Flanders | 128 m² | 1 · 131 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteIzegem2.328.969.505
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Of 6,709 companies in sector 96230 we hold annual accounts for 627. 359 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
96230Day spas, saunas and steam baths
43990Other specialised construction activities
47750Retail sale of cosmetics and toilet articles
73110Advertising agencies
74120Graphic design and visual communication
93130Fitness centres
Scores and ratios are computed by Checked and are not a credit decision.