SURTOE

Active

Private limited companyfounded 200818 yrs activeWirkenlei 6, 2930 Brasschaat, BelgiumKBO/BCE: BE 0897.837.443

Summary

SURTOE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €68k and a net result of €54k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 56% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

76 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency77▲+9

Growth52=

Track record100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity short (current ratio 0.89 against 1.07 in 2023; short-term debt: 47.9% and cash: 24% of total assets), and 47.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 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 filings

Deviation from the deadline

2025

not confirmed

2024

20 d late

2023

12 d late

2022

33 d early

2021

22 d early

2020

92 d late

2019

85 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Equity

€68k▲ 164%

2023 · €26k

2018: €-30k 2019: €-31k 2020: €-31k 2021: €-24k 2022: €-4k 2023: €26k

2018 → 2024

Total assets

€131k▲ 120%

2023 · €60k

2018: €91k 2019: €48k 2020: €55k 2021: €38k 2022: €53k 2023: €60k

2018 → 2024

Net result

€54k▲ 79.8%

2023 · €30k

2018: €60k 2019: €-2k 2020: €110 2021: €7k 2022: €19k 2023: €30k

2018 → 2024

Working capital

€-7k

2023 · €2k

2018: €-48k 2019: €-51k 2020: €-54k 2021: €-45k 2022: €-27k 2023: €2k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-31k-€-24k▲ 23.4%€-4k▲ 81.6%€26k€68k▲ 164%

Operating result€850-€8k▲ 820%€19k▲ 148%€31k▲ 57.6%€54k▲ 77.7%

Net result€110-€7k▲ 6,478%€19k▲ 168%€30k▲ 56.1%€54k▲ 79.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 78% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €131k

57.3%

42.7%

Fixed assets €75k ▲ 218%

Current assets €56k ▲ 55.0%

Equity and liabilities €131k

52.1%

47.9%

Equity €68k ▲ 164%

Debt €63k ▲ 85.8%

Debt's share of the balance-sheet total falls from 56.6% to 47.9%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€63k▲

2023 · €34k

Cash flow

€62k▲

2023 · €34k

Current ratio

0.89▼

2023 · 1.07

Debt to equity

0.92▼

2023 · 1.31

ROE

79.7%▼

2023 · 116.8%

ROA

41.5%▼

2023 · 50.7%

Interest coverage

854.19▲

2023 · 89.21

Debt ≤ 1 year

€63k▲

2023 · €34k

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 · 44 lines

Balance sheet Code20232024

Assets

Total assets20/58€60k€131k▲

Fixed assets21/28€24k€75k▲

Tangible fixed assets22/27€23k€75k▲

Plant, machinery and equipment23-€2k

Furniture and vehicles24€11k€63k▲

Other tangible fixed assets26€12k€10k▼

Assets under construction and advance payments27€640€640=

Financial fixed assets28€251-

Current assets29/58€36k€56k▲

Amounts receivable within one year40/41€3k€23k▲

Trade receivables40€3k€13k▲

Other amounts receivable41-€10k

Current investments50/53€250€250=

Cash at bank and in hand54/58€32k€31k▼

Deferred charges and accrued income490/1€743€743=

Equity and liabilities

Total equity and liabilities10/49€60k€131k▲

Equity10/15€26k€68k▲

Contributions10/11€19k€19k=

Reserves13€36k€36k=

Tax-exempt reserves132€36k€36k=

Profit (loss) carried forward14€-29k€14k▲

Amounts payable17/49€34k€63k▲

Amounts payable within one year42/48€34k€63k▲

Trade debts44€2k€2k▲

Suppliers440/4€2k€2k▲

Taxes, remuneration and social security45€3k-

Taxes450/3€3k-

Other amounts payable47/48€28k€60k▲

Income statement Code20232024

Non-recurring operating income76A-€4k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€8k▲

Other operating charges640/8€330€577▲

Gross operating margin9900€35k€63k▲

Operating profit (loss)9901€31k€54k▲

Financial income75/76B-€7

Recurring financial income75-€7

Financial charges65/66B€384€73▼

Recurring financial charges65€384€73▼

Profit (loss) for the period before taxes9903€30k€54k▲

Profit (loss) for the period9904€30k€54k▲

Profit (loss) for the period to be appropriated9905€30k€54k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-29k€26k▲

Profit (loss) brought forward from the previous period14P€-59k€-29k▲

Profit to be distributed694/7-€12k

Directors or managers695-€12k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

20-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 20 days late

2024

12-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 12 days late

2023

31-12

Financial Liquidity doublescurrent ratio 1.07

Current ratio from 0.53 to 1.07; short-term debt falls from €57k to €34k.

28-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

09-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 92 days late

2020

31-12

Financial Back to profitnet €110

Net result €110 after one loss-making year.

24-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 85 days late

2019

31-12

Financial Weakest financial yearnet €-2k ▼103%

Net result drops to €-2k, the lowest in the series; recovery starts the following year.

27-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 27 days late

2018

26-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 26 days late

2017

20-11

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 112 days late

2016

29-09

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 60 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Brasschaat · 1 establishment unit since 2008

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Wirkenlei 62930 Brasschaat

Ground area

497 m²

Building footprint

139 m²

Volume, LiDAR

1,023 m³

Parcel 11323F0369/00V005, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

SURTOE // SOLARPUNT

Wirkenlei 6, 2930 BrasschaatGeneral electrical installation work

since 20082.171.038.954

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11323F0369/00V005	Flanders	497 m²	1 · 139 m²	10.8 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Van Bouwel Wim

BE 0781.544.044

Turnhout · Eq €68,173

Scherpenheuvel-Zichem · Eq €68,249

TUNCA

BE 0793.986.075

Gent · Eq €67,986

Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,753 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-05-2008

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

46499Wholesale of other household goods

47559Retail sale of other household articles

Sources

Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.