SUTLAB
ActiveSummary
SUTLAB has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €-41k. Equity is shrinking by ~15.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 26% of 925 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency43▼-14
Growth22=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.13 in 2024; short-term debt: 81.7% and cash: 0.1% of total assets), and 81.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.1%
Return on assets
-15%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-41k
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
30 d late
2023
106 d early
2022
47 d early
2021
69 d early
2020
50 d early
2019
59 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, full schema
Turnover
€0▼ 100%
2021 · €2k
2018: €48k
2019: €48k
2020: €46k
2021: €2k
2018 → 2022
EBIT margin
-1038.7%▼ 1100.2pp
2020 · 61.5%
2018: 64.1%
2019: 64.3%
2020: 61.5%
2018 → 2021
Net result
€-41k▲ 1.1%
2024 · €-41k
2018: €17k
2019: €17k
2020: €19k
2021: €-24k
2022: €-34k
2023: €-34k
2024: €-41k
2018 → 2025
Working capital
€-220k▼ 2,145%
2024 · €-10k
2018: €-20k
2019: €-19k
2020: €-17k
2021: €-130k
2022: €-159k
2023: €-173k
2024: €-10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2k-€0▼ 100%
Equity€198k-€165k▼ 16.9%€130k▼ 20.9%€89k▼ 31.5%€49k▼ 45.4%
Operating result€-23k-€-33k▼ 44.8%€-34k▼ 4.6%€-39k▼ 15.1%€-33k▲ 17.4%
Net result€-24k-€-34k▼ 37.3%€-34k▼ 2.8%€-41k▼ 19.1%€-41k▲ 1.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33k in 2025 against €39k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270k
Fixed assets
€270k ▼ 2.8%
Current assets
€524 ▼ 65.2%
Equity and liabilities €270k
Equity
€49k ▼ 45.4%
Debt
€221k ▲ 16.9%
Debt's share of the balance-sheet total rises from 67.9% to 81.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▲
2024 · €-13k
Cash flow
€-15k▼
2024 · €-15k
Current ratio
0.00▼
2024 · 0.13
Debt to equity
4.54▲
2024 · 2.12
ROE
-83.2%▼
2024 · -45.9%
ROA
-15.0%▼
2024 · -14.7%
Interest coverage
-0.87▲
2024 · -8.17
Debt ≤ 1 year
€221k▲
2024 · €11k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€279k€270k▼
Fixed assets21/28€277k€270k▼
Tangible fixed assets22/27€277k€270k▼
Land and buildings22€277k€270k▼
Current assets29/58€2k€524▼
Amounts receivable within one year40/41€0€0=
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€61€176▲
Deferred charges and accrued income490/1€1k€348▼
Equity and liabilities
Total equity and liabilities10/49€279k€270k▼
Equity10/15€89k€49k▼
Contributions10/11€75k€75k=
Reserves13€129k€129k=
Distributable reserves133€129k€129k=
Profit (loss) carried forward14€-115k€-155k▼
Amounts payable17/49€189k€221k▲
Amounts payable after more than one year17€177k-
Financial debts170/4€177k-
Amounts payable within one year42/48€11k€221k▲
Current portion of amounts payable after more than one year42-€177k
Trade debts44€170€4k▲
Suppliers440/4€170€4k▲
Other amounts payable47/48€11k€39k▲
Accrued charges and deferred income492/3€700€605▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€25k▼
Other operating charges640/8€6k€3k▼
Gross operating margin9900€-8k€-4k▲
Operating profit (loss)9901€-39k€-33k▲
Financial charges65/66B€2k€8k▲
Recurring financial charges65€2k€8k▲
Profit (loss) for the period before taxes9903€-41k€-41k▲
Profit (loss) for the period9904€-41k€-41k▲
Profit (loss) for the period to be appropriated9905€-41k€-41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-115k€-155k▼
Profit (loss) brought forward from the previous period14P€-74k€-115k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €19k ▲7.7%
Net result €19k, the highest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €204k ▲9.3%
2 profitable years in a row build equity to €204k.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 1 establishment unit since 2024
Ground area
577 m²
Building footprint
187 m²
Volume, LiDAR
1,899 m³
Parcel 21447B0342/00P014, Brussels · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
SUTLAB
since 20242.367.468.211
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0342/00P014 | Brussels | 576 m² | 1 · 187 m² | 15.1 m · 4 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
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SAFE LEGAL
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DEGICO
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 2,539 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
Founded17-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.