ACTIVE

SURPLUS 4x4

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Financial year 2025 · closed on 28/02/2025

Net result

123,6 k €

-6.1% YoY

Gross margin

231,9 k €

-6.4% YoY

Equity

3,2 M €

+2.4% YoY

What does SURPLUS 4x4 do?

SURPLUS 4x4 is a Public limited company incorporated in 1988. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.917.316

Incorporation

01/08/1988

Legal form

Public limited company

Registered office

Lampestraat(Rol) 169
8510 Kortrijk · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

28/02/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 77110Rental and leasing of cars and light motor vehicles 77110Rental and leasing of cars and light motor vehicles

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	231,9 k €	-6.4%	247,7 k €	+4.4%	237,3 k €	-5.1%	250,1 k €	+20.2%	208,1 k €	-5.0%	219 k €	-9.1%	241 k €	-0.0%	241 k €	-0.3%	241,7 k €	-0.3%	242,3 k €	+1.2%	239,5 k €	+159%	92,6 k €	-89.2%	854,6 k €	+94.6%	439,1 k €	+68.6%	260,4 k €	+382%	-92,4 k €	-112%	794,2 k €	-9.5%	877,2 k €	+187%	305,3 k €
EBITDA	203,3 k €	-7.9%	220,7 k €	+4.7%	210,8 k €	-6.3%	225,1 k €	+23.0%	183 k €	-5.7%	194,2 k €	-9.8%	215,2 k €	-0.9%	217,2 k €	-0.1%	217,3 k €	-0.6%	218,7 k €	+2.7%	213 k €	+227%	65,1 k €	-92.2%	833,5 k €	+145%	339,6 k €	+46.5%	231,8 k €	+293%	-120,4 k €	-116%	752,1 k €	-23.0%	977,2 k €	+261%	270,8 k €
Operating result	182,4 k €	-8.7%	199,8 k €	+4.7%	190,8 k €	-7.1%	205,4 k €	+25.8%	163,2 k €	-6.4%	174,4 k €	-10.7%	195,4 k €	-0.8%	196,9 k €	+0.7%	195,6 k €	+8.2%	180,7 k €	+3.6%	174,5 k €	+560%	26,4 k €	-96.6%	788 k €	+202%	260,6 k €	+33.9%	194,7 k €	+234%	-145 k €	-120%	718,2 k €	-23.9%	944,1 k €	+304%	233,9 k €
Net result	123,6 k €	-6.1%	131,5 k €	-0.7%	132,4 k €	-5.5%	140,1 k €	+25.7%	111,5 k €	+24.1%	89,8 k €	-34.3%	136,8 k €	+1.3%	135 k €	-0.1%	135,2 k €	+69.0%	80 k €	-32.2%	118 k €	+5119%	-2,4 k €	-100%	511 k €	+127%	224,9 k €	+42.8%	157,5 k €	+188%	-179 k €	-136%	496,5 k €	-20.4%	623,9 k €	+137%	263,5 k €
Balance sheet
Equity	3,2 M €	+2.4%	3,1 M €	-8.5%	3,4 M €	+4.1%	3,3 M €	+4.5%	3,1 M €	+3.7%	3 M €	+3.1%	2,9 M €	+4.9%	2,8 M €	+5.1%	2,6 M €	+5.4%	2,5 M €	+3.3%	2,4 M €	+5.1%	2,3 M €	-8.0%	2,5 M €	+14.1%	2,2 M €	+6.0%	2,1 M €	+2.8%	2 M €	-8.1%	2,2 M €	+15.5%	1,9 M €	+28.6%	1,5 M €
Total assets	3,7 M €	-0.4%	3,7 M €	+2.0%	3,6 M €	-0.3%	3,7 M €	+4.5%	3,5 M €	-1.3%	3,5 M €	+5.6%	3,4 M €	+1.6%	3,3 M €	+4.4%	3,2 M €	-17.3%	3,8 M €	+2.1%	3,8 M €	+0.2%	3,7 M €	-34.4%	5,7 M €	+34.5%	4,2 M €	+43.5%	3 M €	+10.7%	2,7 M €	-17.6%	3,2 M €	+10.8%	2,9 M €	+17.7%	2,5 M €
Cash	706,1 k €	+104%	346,6 k €	-44.3%	622,1 k €	+16.7%	533,1 k €	+14.1%	467,3 k €	+11.5%	419 k €	+39.4%	300,6 k €	+28.8%	233,4 k €	+132%	100,8 k €	-16.1%	120,2 k €	+385%	24,8 k €	-48.7%	48,3 k €	-93.3%	718,5 k €	+603%	102,2 k €	+32.7%	77 k €	-43.8%	137 k €	-43.6%	243,1 k €	-39.1%	398,8 k €	-4.8%	418,8 k €
Debts	422,7 k €	-19.3%	523,6 k €	+242%	152,9 k €	-46.5%	285,6 k €	+6.0%	269,3 k €	-28.5%	376,8 k €	+9.9%	342,9 k €	-18.9%	422,6 k €	+3.3%	409,2 k €	-65.5%	1,2 M €	+1.0%	1,2 M €	-8.8%	1,3 M €	-57.8%	3,1 M €	+60.8%	1,9 M €	+158%	734,6 k €	+43.2%	512,9 k €	-44.3%	921,3 k €	+1.9%	903,6 k €	+3.6%	872,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,2 ETP	-60.0%	0,5 ETP		–		–		0,5 ETP	-28.6%	0,7 ETP	+133%	0,3 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 28/02/2025 · 4 active · 23 ended

Active mandates

Hans David

Director

Active

Hein David

Director

Active

Johan David

Director

Active

Luc David

Director

Active

Ended mandates

Johan David

Managing director · since 17 septembre 2018 · until 02 septembre 2023

Ended

Luc David

Managing director · since 17 septembre 2018 · until 02 septembre 2023

Ended

DAVID SURPLUS

Director · since 02 mars 2018 · until 02 mars 2024 · 0430.487.384

Represented by Johan David

Ended

DAVID SURPLUS

Director · since 02 septembre 2017 · until 02 septembre 2023 · 0430.487.384

Represented by Johan Joseph David

Ended

At this address

Other companies at this address

Company	CBE no.
DAVID SURPLUS● Active	0430.487.384

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/03/2024	01/03/2023	01/03/2022	01/03/2021	01/03/2020	01/03/2019
Closing of the financial year	28/02/2025	28/02/2024	28/02/2023	28/02/2022	28/02/2021	29/02/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/10/2025	31/10/2024	16/11/2023	25/10/2022	24/10/2021	30/11/2020
General meeting	04/07/2025	05/07/2024	07/07/2023	01/07/2022	02/07/2021	28/08/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	28/02/2025	04/07/2025	10/10/2025	Dutch	PDF
Micro model	28/02/2024	05/07/2024	31/10/2024	Dutch	PDF
Micro model	28/02/2023	07/07/2023	16/11/2023	Dutch	PDF
Micro model	28/02/2022	01/07/2022	25/10/2022	Dutch	PDF
Micro model	28/02/2021	02/07/2021	24/10/2021	Dutch	PDF
Micro model	29/02/2020	28/08/2020	30/11/2020	Dutch	PDF
Micro model	28/02/2019	05/07/2019	07/10/2019	Dutch	PDF
Micro model	28/02/2018	06/07/2018	24/09/2018	Dutch	PDF
Micro model	28/02/2017	07/07/2017	27/09/2017	Dutch	PDF
Abridged model	29/02/2016	08/08/2016	12/08/2016	Dutch	PDF
Abridged model	28/02/2015	03/07/2015	21/09/2015	Dutch	PDF
Abridged model	28/02/2014	04/07/2014	30/09/2014	Dutch	PDF
Abridged model	28/02/2013	05/07/2013	30/09/2013	Dutch	PDF
Abridged model	29/02/2012	17/09/2012	24/09/2012	Dutch	PDF
Abridged model	28/02/2011	01/07/2011	30/09/2011	Dutch	PDF
Abridged model	28/02/2010	02/07/2010	18/10/2010	Dutch	PDF
Abridged model	28/02/2009	03/07/2009	29/10/2009	Dutch	PDF
Abridged model	29/02/2008	04/07/2008	30/10/2008	Dutch	PDF
Abridged model	28/02/2007	06/07/2007	26/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 28/02/2025 · 4 active · 23 ended

Active mandates

Hans David

Director

Active

Hein David

Director

Active

Johan David

Director

Active

Luc David

Director

Active

Ended mandates

Johan David

Managing director · since 17 septembre 2018 · until 02 septembre 2023

Ended

Luc David

Managing director · since 17 septembre 2018 · until 02 septembre 2023

Ended

DAVID SURPLUS

Director · since 02 mars 2018 · until 02 mars 2024 · 0430.487.384

Represented by Johan David

Ended

DAVID SURPLUS

Director · since 02 septembre 2017 · until 02 septembre 2023 · 0430.487.384

Represented by Johan Joseph David

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/02/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office29/10/2013
SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office29/10/2013
MAATSCHAPPELIJKE ZETEL - DOEL - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/11/2006
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025123,6 k €↓
2024
Annual accounts 2024131,5 k €↓
2023
Annual accounts 2023132,4 k €↓
2022
Annual accounts 2022140,1 k €↑
2021
Annual accounts 2021111,5 k €↑
2020
Annual accounts 202089,8 k €↓
2019
Annual accounts 2019136,8 k €↑
2018
Annual accounts 2018135 k €↓
2017
Annual accounts 2017135,2 k €↑
2016
Annual accounts 201680 k €↓
2015
Annual accounts 2015118 k €↑
2014
Annual accounts 2014-2,4 k €↓
2013
Annual accounts 2013511 k €↑
2012
Annual accounts 2012224,9 k €↑
2011
Annual accounts 2011157,5 k €↑
2010
Annual accounts 2010-179 k €↓
2009
Annual accounts 2009496,5 k €↓
2008
Annual accounts 2008623,9 k €↑
2007
Annual accounts 2007263,5 k €
01/08/1988
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SURPLUS 4x4

Overview

What does SURPLUS 4x4 do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline