ACTIVE

SUFINA

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Financial year 2025 · closed on 31/12/2025
Net result
4,4 M €
+39.3% YoY
Revenue
648 k €
-0.1% YoY
Equity
27,4 M €
+19.3% YoY
Workforce
1,8 ETP
0.0% YoY

What does SUFINA do?

SUFINA is a Private limited company incorporated in 1988. Its registered office is in Waregem. It employs on average 1,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0436.303.030
Incorporation
23/12/1988
Legal form
Private limited company
Registered office
Vredestraat 49 box 1
8790 Waregem · FlandreSee on map
Contributed capital
360 000,00 €
Latest accounts
31/12/2025
Average workforce
1,8 ETP
Joint committees (2)
  • 200
  • 218
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202018201720162015201420132012201120102009200820072006
Income statement
Revenue648 k €648,3 k €732,5 k €727,7 k €873,3 k €300,5 k €––280 k €181,5 k €480 k €430 k €90 k €497,5 k €154,9 k €265 k €–265 k €365 k €
EBITDA-277,2 k €-263,9 k €-98,2 k €416,1 k €446,9 k €132,8 k €-56,8 k €-142,4 k €93,4 k €50,2 k €279,9 k €389,8 k €51 k €640,7 k €1,9 k €479,7 k €370,9 k €795,7 k €949,8 k €
Operating result-335,2 k €-304 k €-138 k €372,9 k €401,9 k €108,6 k €-60,6 k €-150,2 k €83,9 k €22,2 k €245,9 k €354,8 k €18,9 k €571,7 k €-57,9 k €435,6 k €339,2 k €766,3 k €923,4 k €
Net result4,4 M €3,2 M €7,4 M €467,3 k €2,3 M €3,7 M €669 k €-205,9 k €1,2 M €693,1 k €882,7 k €749,7 k €-1 M €373,5 k €4,4 M €253,6 k €1,9 M €3,5 M €1,5 M €
Balance sheet
Equity27,4 M €22,9 M €20,1 M €12,8 M €25,8 M €23,5 M €18,5 M €17,9 M €18,1 M €16,9 M €16,2 M €15,3 M €14,6 M €15,6 M €15,2 M €10,8 M €10,5 M €8,6 M €5,1 M €
Total assets36,4 M €35,9 M €34,7 M €34,5 M €34,9 M €43,8 M €32,8 M €24,1 M €21,8 M €19 M €18 M €17,6 M €17,1 M €17,9 M €15,2 M €11,1 M €10,8 M €11,3 M €15,3 M €
Cash614,7 k €337,2 k €819,4 k €665,2 k €4,9 M €7,6 M €227,7 k €2 M €5 M €1,1 M €76,8 k €398,6 k €936,9 k €3,4 M €2 M €374,9 k €394,5 k €660,4 k €704,9 k €
Debts8,9 M €12,8 M €14,5 M €21,5 M €8,7 M €20 M €14,1 M €6,1 M €3,8 M €2,1 M €1,8 M €2,3 M €2,6 M €2,3 M €24 k €333,5 k €304,6 k €2,6 M €9,9 M €
Other
Workforce1,8 ETP1,8 ETP1,8 ETP2,2 ETP2,8 ETP2,3 ETP––––1,0 ETP1,2 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP0,9 ETP1,0 ETP4,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 15 ended

Active mandates

BALTO

Director · 0477.990.759

Represented by Jochen Moortgat

Active

Ended mandates

BALTO

Director · since 17 décembre 2020 · 0477.990.759

Represented by Jochen Moortgat

Ended
BALTO

Manager · since 28 mars 2014 · 0477.990.759

Represented by Jochen Moortgat

Ended
BALTO

Manager · since 26 mars 2014 · 0477.990.759

Represented by Jochen Moortgat

Ended
Karel Moortgat

Manager · since 26 mars 2014 · until 21 avril 2019

Ended
At this address

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0880.427.032
Deelvereniging van mede-eigenaars Waregem Business Park Gebouw A● Active
0655.985.561
DG²● Active
0699.791.751
EDEN DEVELOPMENTS● Active
0895.025.829
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SUKAF● Active
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/07/202627/06/202510/07/202428/08/202322/06/202219/07/2021
General meeting20/06/202631/05/202529/06/202431/07/202318/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202520/06/202614/07/2026DutchPDF
Full model31/12/202431/05/202527/06/2025DutchPDF
Full model31/12/202329/06/202410/07/2024DutchPDF
Full model31/12/202231/07/202328/08/2023DutchPDF
m122-f-p31/12/202208/12/202313/12/2023DutchPDF
Full model31/12/202118/06/202222/06/2022DutchPDF
Full model31/12/202030/06/202119/07/2021DutchPDF
Abridged model31/12/201920/06/202008/07/2020DutchPDF
Abridged model31/12/201815/06/201903/07/2019DutchPDF
Micro model31/12/201707/06/201811/06/2018DutchPDF
Full model31/12/201602/06/201716/06/2017DutchPDF
Full model31/12/201527/05/201601/06/2016DutchPDF
Full model31/12/201411/06/201524/06/2015DutchPDF
Full model31/12/201311/03/201407/04/2014DutchPDF
Full model31/12/201221/05/201313/06/2013DutchPDF
Full model31/12/201129/05/201206/06/2012DutchPDF
Full model31/12/201003/05/201116/05/2011DutchPDF
Full model31/12/200901/06/201004/06/2010DutchPDF
Full model31/12/200823/06/200923/06/2009DutchPDF
Full model31/12/200728/04/200829/04/2008DutchPDF
Full model31/12/200626/06/200703/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025 · 1 active · 15 ended

Active mandates

BALTO

Director · 0477.990.759

Represented by Jochen Moortgat

Active

Ended mandates

BALTO

Director · since 17 décembre 2020 · 0477.990.759

Represented by Jochen Moortgat

Ended
BALTO

Manager · since 28 mars 2014 · 0477.990.759

Represented by Jochen Moortgat

Ended
BALTO

Manager · since 26 mars 2014 · 0477.990.759

Represented by Jochen Moortgat

Ended
Karel Moortgat

Manager · since 26 mars 2014 · until 21 avril 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring06/01/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring29/10/2020
    WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office20/06/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/06/2014
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office03/01/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates06/04/2007
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Restructuring17/01/2006
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 20254,4 M €↑
  2. 2024
    Annual accounts 20243,2 M €↓
  3. 2023
    Annual accounts 20237,4 M €↑
  4. 2022
    Annual accounts 2022467,3 k €↓
  5. 2021
    Annual accounts 20212,3 M €↓
  6. 2020
    Annual accounts 20203,7 M €↑
  7. 2018
    Annual accounts 2018669 k €↑
  8. 2017
    Annual accounts 2017-205,9 k €↓
  9. 2016
    Annual accounts 20161,2 M €↑
  10. 2015
    Annual accounts 2015693,1 k €↓
  11. 2014
    Annual accounts 2014882,7 k €↑
  12. 2013
    Annual accounts 2013749,7 k €↑
  13. 2012
    Annual accounts 2012-1 M €↓
  14. 2011
    Annual accounts 2011373,5 k €↓
  15. 2010
    Annual accounts 20104,4 M €↑
  16. 2009
    Annual accounts 2009253,6 k €↓
  17. 2008
    Annual accounts 20081,9 M €↓
  18. 2007
    Annual accounts 20073,5 M €↑
  19. 2006
    Annual accounts 20061,5 M €
  20. 23/12/1988
    IncorporationPrivate limited company