Sunrise

Active

Public limited companyfounded 2015active for 11 yearsChaussée de Marche(EP) 598, 5101 Namur, Belgium11 active companies are registered at this addressKBO/BCE: BE 0632.607.373

Summary

Sunrise has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40.7m and a net result of -€2.6m. Equity is growing by about 107% per year across the filed financial years. Its solvency ranks better than 85% of 239 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

SunriseActiveChecked score 95/100

Risk analysis Report Compare

Activity

Other research and development on natural sciences

NACE 72109Manufacture of computer, electronic and optical products NACE 26600

2nd largest company by total assets in the province of Namur, Research and development sector1 site

Size

€43.9mtotal assets 2025

Staff: 15.9 FTE
Equity: €40.7m
Loss: -€2.6m

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Board: 7 members
Holdings: 1

Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises2025 accounts 11 days early

Why 95raises riskLoss of €2.6m, the second in a row (financial year 2025)lowers riskSize: 15.9 FTE, total assets €43.9mFigures for financial year 2025 (filed 20-07-2026)Equity €40.7m (92.6% of total assets)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 67% of its sector peers (NACE 72, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 100=

equity 92.6% of total assets

Liquidity 62-32

short-term debt 2.8% · cash 9.3%

Profitability 11+1

return on assets -6.0%

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% (165 companies, NACE 72, small)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €3,850,000 on 30-day terms is acceptable

Liquidity ample (current ratio 31.64, compared with 8.63 in 2024, above the usual 1.5; short-term debt: 2.8% and cash: 9.3% of total assets), and 7.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, small): better than 85% on solvency, 57% on liquidity, 34% on profitability and 90% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Loss of €2.6m, the second in a row (financial year 2025)

NBB · annual accounts

Size: 15.9 FTE, total assets €43.9m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 20-07-2026)

NBB · annual accounts

Equity €40.7m (92.6% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

11 days early

2024

6 days early

2023

37 days early

2022

on the day

2021

23 days early

2020

37 days early

2019

11 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 15 days before the deadline; the sector median (NACE 72) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

08-09-2026 Resignation: Maxime HUERRE (director)Appointment: EURAZEO GLOBAL INVESTOR SAS…
20-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Liquidity more than triplescurrent ratio 31.64

Key points

Risk: 6 loss-making years in a rowloss financial year 2025 -€2.6m View
Positive: Equity rose in 2025from €18.7m to €40.7m ▲ 118% View
Caution: Among the weakest 15% on net resultsector median €3,198 · 237 companies -€2.6m View
Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
EU research moneyEU contribution €2.0m View

By topic

Financials

Financial year: 2025
Total assets: €43.9m
Loss: -€2.6m
Solvency: 92.6%

Total assets▲ 91.0%

Net result

20182025

Go to Financials

Board & ownership

Board: 7 members
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises

KURMA DIAGNOSTICS 2 FPCIDirector
EURAZEO GLOBAL INVESTOR SASDirector
HUERRE MaximeDirector
Kurma PartnersDirector
MARTINOT Laurent François YvesDirector

and 2 other directors

Go to Board & ownership

Network & group

Subsidiaries: 1
Connected companies: 20

1 subsidiary

Go to Network & group

Timeline

Events: 39
Since: 2015
Next accounts: by 31-07-2027

31-12-2025Equity above €25m
17-11-2025Capital & shares · Amendment of the…
05-08-2025Resignations: MARTINOT Laurent François Yves, MARTINOT Pierre…

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Other research and development on natural sciencesNACE 72109
Founded: 20-06-2015
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 14

Annual meeting: First Friday of June at 19:00
Purpose: “Dans le secteur de la santé et plus particulièrement le domaine médical,paramédical et…” (deed in French)

Go to Articles of association

Key facts about Sunrise

What is the company number of Sunrise?: 0632.607.373. In Belgium the VAT number is the company number with BE in front: BE 0632.607.373.
Where is Sunrise based?: The registered office is at Chaussée de Marche(EP) 598, 5101 Namur.Company details
What does Sunrise do?: According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
What is the legal form of Sunrise?: Public limited company (NV).
When was Sunrise founded?: On 20-06-2015.
Is Sunrise still active?: Yes, Sunrise is an active enterprise in the KBO register.
How many employees does Sunrise have?: On average 15.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Sunrise?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Sunrise profitable?: In financial year 2025, Sunrise made a loss of €2.6m.
Where can I find the annual accounts of Sunrise?: Sunrise filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Sunrise due?: By 31-07-2027, for financial year 2026.Timeline