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SUNFIN

Active
Private limited companyfounded 20206 yrs activeNoordlaan 9, 8820 Torhout, BelgiumKBO/BCE: BE 0749.835.635
Summary

SUNFIN has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €172,697. Equity is growing by ~26.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SUNFINActiveChecked score 90/100
Risk analysis ReportCompare

Overview

Activity
Production of electricity from non-renewable sources
NACE 35110
1 site
Size
€6.3mtotal assets 2025
Equity
€1.6m
Profit
€172,697
Turnover not published (abridged schema)
Financial health
90 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Largest shareholder
ENBRO · 49.02%
Auditor: VGD Bedrijfsrevisoren BVAccounts 44 d early1 of 9 deeds read
Why 90- Liquidity: current ratio 15.92, cash €29,493, halved- Founded in 2020+ Size: total assets €6.3m+ Figures for FY 2025 (filed 17-06-2026)Show the evidence

Checked score

Score 2025
90 / 100
Excellent
Probability in this band: under 0.55%
Better than 46% of its sector peers (NACE 35, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 50+8
equity 25.4% of total assets
Liquidity 51-2
short-term debt 5.6% · cash 0.5%
Profitability 40+6
return on assets 2.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (253 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%▲ +4.1% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%▲ +0.9% vs 01-2025 03-2025: 0.2%▲ +2.2% vs 02-2025 04-2025: 0.3%▲ +11.8% vs 03-2025 05-2025: 0.3%▲ +12.8% vs 04-2025 06-2025: 0.3%▲ +15.7% vs 05-2025highest value 07-2025: 0.2%▼ -49.1% vs 06-2025 08-2025: 0.2%● 0.0% vs 07-2025 09-2025: 0.2%● 0.0% vs 08-2025 10-2025: 0.2%▼ -6.8% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -0.6% vs 12-2025 02-2026: 0.2%▲ +1.8% vs 01-2026 03-2026: 0.2%▼ -1.8% vs 02-2026 04-2026: 0.2%▲ +18.4% vs 03-2026 05-2026: 0.2%▲ +13.0% vs 04-2026 06-2026: 0.3%▲ +17.0% vs 05-2026 07-2026: 0.2%▼ -40.8% vs 06-2026 08-2026: 0.2%● 0.0% vs 07-2026 09-2026: 0.2%▲ +2.0% vs 08-2026 10-2026: 0.1%▼ -7.1% vs 09-2026lowest value
  • Size: total assets €6.3m lowers the probability for this profile
  • Liquidity: current ratio 15.92, cash €29,493, halved raises the probability
  • Figures for FY 2025 (filed 17-06-2026) lowers the probability
  • Founded in 2020 raises the probability for this profile
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 15.92 against 6.53 in 2024; short-term debt: 5.6% and cash: 0.5% of total assets), but 74.6% of the assets are financed with debt.
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 35, small). Better than this share of them on solvency 41%, liquidity 47%, profitability 22%, growth against the median 73%. 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
lowers risk · Size: total assets €6.3m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 15.92, cash €29,493, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 17-06-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Founded in 2020
In the bankruptcy model this factor raises the probability for this profile.
KBO
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 17-06-2026, 44 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
44 d early
2024
42 d early
2023
49 d early
2022
40 d early
2021
52 d early
2020
58 d early
← 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 48 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

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. Usually files around 17 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignations: Sven Vlietinck, Jules De Clerca…Permanent representatives: Luc Demeyere, Stijn…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Liquidity doublescurrent ratio 15.92

Key points

  • Positive: Result rose in 2025from €52,328 to €172,697 ▲ 230% View
  • Directors leftlatest change 10-08-2026 · 0 in office 8 left View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View
  • Positive: 5 profitable years in a rowprofit 2025: €172,697 5 years View
  • Known shareholderslargest: ENBRO 25% 100% View

By topic

Financials

Fiscal year
2025
Total assets
€6.3m
Profit
€172,697
Solvency
25.4%
Go to Financials

Board & ownership

Largest shareholder
ENBRO · 49.02%
Known shareholders
100%
Auditor
VGD Bedrijfsrevisoren BV
Go to Board & ownership

Timeline

Events
13
Since
2021
Next accounts
by 31-07-2027
  1. 10-08-2026Resignations: Sven Vlietinck, Jules De Clerca and…
  2. 17-06-2026Annual accounts filed
  3. 31-12-2025Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
06-07-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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