Sunlogics
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Declared bankrupt
- 30 June 2025
- Supervising judge
- Ivo Van Genechten
- Official Gazette
- 08-07-2025 (pdf) ↗search the document for 2025/130273
Deadlines
- Provisional date payments stopped
- 30 June 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 23 July 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 30 July 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 13 August 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 30 June 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Kristof KrolPrins Bisschopssingel 11, 3500 Hasseltk.krol@exacto-advocaten.be
- Gertjan CupersPrins Bisschopssingel 11, 3500 Hasselt- advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 15-03-2024, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
not filed
2023
46 d early
2022
5 d early
2021
10 d late
2020
on the day
2019
70 d early
2017
43 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 26 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Manufacture of electrical equipment sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
€416,014▲ 41.3%
2022 · €294,461
Total assets
€2.7m▼ 36.6%
2022 · €4.2m
Net result
€121,554▲ 54.4%
2022 · €78,745
Working capital
€411,134▲ 335%
2022 · €94,472
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.06m-€0.2m▲ 288%€0.04m▼ 83.9%€0.2m▲ 328%€0.1m▼ 28.9%
Net result€0.02m-€0.2mabove the sector's middle half▲ 1,001%€0.02mwithin the sector's middle half▼ 91.0%€0.08mwithin the sector's middle half▲ 383%€0.1mwithin the sector's middle half▲ 54.4%
Equity€0.2m-€0.2mwithin the sector's middle half▲ 18.6%€0.2mwithin the sector's middle half▲ 8.2%€0.3mwithin the sector's middle half▲ 36.5%€0.4mwithin the sector's middle half▲ 41.3%
Total assets€0.9m-€1.8mwithin the sector's middle half▲ 95.4%€1.3mwithin the sector's middle half▼ 31.0%€4.2mabove the sector's middle half▲ 237%€2.7mwithin the sector's middle half▼ 36.6%
Debt€0.8m-€1.6m▲ 112%€1.0m▼ 35.8%€3.9m▲ 278%€2.3m▼ 42.4%
Working capital€0.006m-€0.1mwithin the sector's middle half▲ 1,568%€0.2mwithin the sector's middle half▲ 82.0%€0.09mwithin the sector's middle half▼ 47.8%€0.4mwithin the sector's middle half▲ 335%
Solvency18.1%-11.0%below the sector's middle half▼ 7.1pp17.2%below the sector's middle half▲ 6.2pp7.0%below the sector's middle half▼ 10.2pp15.5%below the sector's middle half▲ 8.6pp
Current ratio1.01-1.07within the sector's middle half▲ 0.061.24within the sector's middle half▲ 0.171.03below the sector's middle half▼ 0.221.24within the sector's middle half▲ 0.22
Return on assets (ROA)1.8%-10.0%within the sector's middle half▲ 8.2pp1.3%within the sector's middle half▼ 8.7pp1.9%within the sector's middle half▲ 0.6pp4.5%within the sector's middle half▲ 2.7pp
Staff (FTE)11.2-12.5within the sector's middle half▲ 11.6%12within the sector's middle half▼ 4.0%14.4within the sector's middle half▲ 20.0%18.4above the sector's middle half▲ 27.8%
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2020 Net result +1,001% on 2019. The previous fiscal year ran 21 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 29% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €2.7m
Fixed assets
€564,414 ▲ 54.9%
Current assets
€2.1m ▼ 45.2%
Equity and liabilities €2.7m
Equity
€416,014 ▲ 41.3%
Debt
€2.3m ▼ 42.4%
Debt's share of the balance-sheet total falls from 93.0% to 84.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€201,580▼
2022 · €217,724
Cash flow
€213,258▲
2022 · €141,995
Quick ratio
0.71▲
2022 · 0.48
Debt to equity
5.43▼
2022 · 13.33
ROE
29.2%▲
2022 · 26.7%
Interest coverage
4.79▼
2022 · 12.76
Debt ≤ 1 year
€1.7m▼
2022 · €3.8m
Debt > 1 year
€559,533▲
2022 · €162,301
Income taxes
€57,995▲
2022 · €51,404
Staff costs
€1.1m▲
2022 · €823,609
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €0.4m | €0.8m | €1.1m | ▲ 29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.06m | €0.06m | €0.06m | €0.09m | ▲ 45.0% |
| Other operating charges640/8 | - | - | €0.006m | €0.008m | €0.005m | ▼ 29.7% |
| Non-recurring operating charges66A | - | - | €0.1m | - | - | - |
| Gross operating margin9900 | €0.9m | €0.8m | €0.6m | €1.0m | €1.3m | ▲ 21.2% |
| Operating profit (loss)9901 | €0.06m | €0.2m | €0.04m | €0.2m | €0.1m | ▼ 28.9% |
| Financial income75/76B | - | - | €0.001m | - | €0.2m | - |
| Recurring financial income75 | €203 | €0.002m | €0.001m | - | €0.007m | - |
| Non-recurring financial income76B | - | - | - | - | €0.2m | - |
| Financial charges65/66B | - | - | €0.01m | €0.02m | €0.09m | ▲ 258% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.01m | €0.02m | €0.04m | ▲ 147% |
| Non-recurring financial charges66B | - | - | - | €0.007m | €0.05m | ▲ 521% |
| Profit (loss) for the period before taxes9903 | €0.04m | €0.2m | €0.03m | €0.1m | €0.2m | ▲ 38.0% |
| Income taxes67/77 | €0.03m | €0.02m | €0.01m | €0.05m | €0.06m | ▲ 12.8% |
| Profit (loss) for the period9904 | €0.02m | €0.2m | €0.02m | €0.08m | €0.1m | ▲ 54.4% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.2m | €0.02m | €0.08m | €0.1m | ▲ 54.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.9m | €1.8m | €1.3m | €4.2m | €2.7m | ▼ 36.6% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.4m | €0.6m | ▲ 54.9% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.4m | €0.6m | ▲ 54.9% |
| Land and buildings22 | - | - | €0.2m | €0.2m | €0.4m | ▲ 95.3% |
| Plant, machinery and equipment23 | - | - | €0.03m | €0.02m | €0.01m | ▼ 40.9% |
| Furniture and vehicles24 | - | - | €0.07m | €0.1m | €0.1m | ▲ 6.5% |
| Current assets29/58 | €0.6m | €1.5m | €0.9m | €3.9m | €2.1m | ▼ 45.2% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.5m | €2.1m | €0.9m | ▼ 55.7% |
| Stocks30/36 | - | - | €0.5m | €2.1m | €0.9m | ▼ 55.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.7m | €0.4m | €1.7m | €1.1m | ▼ 35.1% |
| Trade receivables40 | - | - | €0.3m | €1.5m | €0.9m | ▼ 36.3% |
| Other amounts receivable41 | - | - | €0.2m | €0.3m | €0.2m | ▼ 28.0% |
| Cash at bank and in hand54/58 | €0.04m | €0.4m | €0.02m | €0.07m | - | - |
| Deferred charges and accrued income490/1 | - | - | €0.001m | - | €0.08m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.9m | €1.8m | €1.3m | €4.2m | €2.7m | ▼ 36.6% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 41.3% |
| Contributions10/11 | €0.03m | - | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Non-distributable reserves130/1 | - | - | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 45.5% |
| Amounts payable17/49 | €0.8m | €1.6m | €1.0m | €3.9m | €2.3m | ▼ 42.4% |
| Amounts payable after more than one year17 | €0.1m | €0.2m | €0.2m | €0.2m | €0.6m | ▲ 245% |
| Financial debts170/4 | - | - | €0.2m | €0.2m | €0.6m | ▲ 247% |
| Other amounts payable178/9 | - | - | €0.001m | €0.001m | €0.001m | = |
| Amounts payable within one year42/48 | €0.6m | €1.4m | €0.7m | €3.8m | €1.7m | ▼ 54.8% |
| Current portion of amounts payable after more than one year42 | - | - | €0.06m | €0.03m | €0.2m | ▲ 382% |
| Financial debts43 | - | - | €0.2m | €0.2m | €0.2m | ▲ 8.5% |
| Credit institutions430/8 | - | - | €0.2m | €0.2m | €0.2m | ▲ 8.5% |
| Trade debts44 | €0.3m | €1.0m | €0.1m | €0.9m | €0.6m | ▼ 27.1% |
| Suppliers440/4 | - | - | €0.1m | €0.9m | €0.6m | ▼ 27.1% |
| Advances received on contracts in progress46 | - | - | - | €2.0m | €0.4m | ▼ 80.5% |
| Taxes, remuneration and social security45 | - | - | €0.1m | €0.5m | €0.3m | ▼ 45.4% |
| Taxes450/3 | - | - | €0.08m | €0.3m | €0.1m | ▼ 67.4% |
| Remuneration and social security454/9 | - | - | €0.04m | €0.1m | €0.1m | ▲ 21.4% |
| Other amounts payable47/48 | - | - | €0.2m | €0.2m | €0.03m | ▼ 85.4% |
| Accrued charges and deferred income492/3 | - | - | €0.1m | €0.002m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,464 | €181,227 | €16,299 | €78,745 | €121,554 | ▲ 54.4% |
| + Depreciation and write-downs630 | €86,467 | €58,629 | €62,378 | €63,250 | €91,704 | ▲ 45.0% |
| Operating cash flow (approximation) | €102,931 | €239,856 | €78,678 | €141,995 | €213,258 | ▲ 50.2% |
| Investment in fixed assets (approximation) | - | -€112,500 | -€51,763 | -€101,610 | -€291,632 | ▼ 187% |
| Change in cash | - | €341,348 | -€362,883 | €49,722 | - | - |
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
2025
08-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 30-06-2025
2024
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
30-09
Financial
Weakest financial yearnet €16,299 ▼91%
Net result drops to €16,299, the lowest in the series.
30-09
Financial
Equity above €200,000Eq €215,716 ▲8.2%
3 profitable years in a row build equity to €215,716.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Highest result since 2019net €181,227 ▲1,001%
Operating result €224,543, net result €181,227, both a record.
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
18-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 1 establishment unit since 2021
Ground area
827 m²
Building footprint
482 m²
Parcel 73043B1401/00M002, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
IQ-Parklaan 2, 3650 Dilsen-Stokkem
since 2021unit no. 2.315.243.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B1401/00M002 | Flanders | 827 m² | 1 · 482 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | KRISTOF KROL Prins Bisschopssingel 11, 3500 Hasselt |
30-06-2025 → present |
| Curator | GERTJAN CUPERS Prins Bisschopssingel 11, 3500 Hasselt- advocaten.be |
30-06-2025 → present |
Structure & network
Owners and holdings
2 ownersChain of control
- DAVACO
- Sunlogics
Highest known parent: DAVACO. The sources do not say who stands above it.
Owners 2
- DAVACOparentSourceaccounts DAVACO 202460%
-
40%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No directors read yet: 0 of 9 Gazette acts processed.
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €5,880 awarded · €5,880 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | €2,250 | €2,250 |
| 2023 | 1 | €3,630 | €3,630 |
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Of 263 companies in this sector we hold annual accounts for 173. 123 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded24-04-2008
Fiscal year end30-09
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
33110Repair and maintenance of fabricated metal products
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43410Roofing work
80090Investigation and security activities
81220Other building cleaning and industrial cleaning
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.