ACTIVE

SUKAF

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

301,7 k €

-13.7% YoY

Gross margin

843,9 k €

-11.2% YoY

Equity

3,8 M €

+0.0% YoY

Workforce

0,0 ETP

What does SUKAF do?

SUKAF is a Public limited company incorporated in 1994. Its main activity is: Real estate agencies. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.681.974

Incorporation

11/05/1994

Legal form

Public limited company

Registered office

Vredestraat 49 box 1
8790 Waregem · FlandreSee on map

Contributed capital

1 300 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	843,9 k €	-11.2%	950 k €	-28.1%	1,3 M €	+80.1%	734 k €	+14.9%	639 k €	-21.5%	814 k €	-9.8%	902,7 k €	-23.0%	1,2 M €	-0.5%	1,2 M €	+7.9%	1,1 M €	+6.8%	1 M €		–		–		–		–		–		–		–
EBITDA	760,8 k €	-13.8%	883 k €	-28.5%	1,2 M €	+86.3%	662,8 k €	+14.7%	577,7 k €	-23.7%	757 k €	-10.0%	841 k €	-18.9%	1 M €	-7.6%	1,1 M €	+8.3%	1 M €	+7.1%	967,6 k €	+62.4%	595,9 k €	-13.1%	685,9 k €	+54.3%	444,5 k €	-28.5%	621,7 k €	-16.7%	746,6 k €	+93.0%	386,9 k €	-45.1%	705,1 k €
Operating result	430,8 k €	-21.5%	548,5 k €	-39.5%	905,9 k €	+176%	328,5 k €	+24.0%	264,8 k €	-46.2%	491,9 k €	-11.9%	558,6 k €	-26.2%	757,1 k €	+25.4%	603,7 k €	+18.7%	508,5 k €	+11.4%	456,3 k €	+253%	129,3 k €	-46.7%	242,5 k €	+849%	25,6 k €	-79.2%	123,1 k €	-51.3%	252,6 k €	+104%	124,1 k €	-75.8%	512,6 k €
Net result	301,7 k €	-13.7%	349,5 k €	-38.3%	566,7 k €	+61.8%	350,2 k €	+27.0%	275,7 k €	-7.1%	296,9 k €	-6.5%	317,5 k €	-17.4%	384,5 k €	+91.2%	201,1 k €	+241%	58,9 k €	-90.0%	590 k €	+652%	-106,9 k €	+79.4%	-518,2 k €	+63.2%	-1,4 M €	-297%	-354,5 k €	-89.3%	-187,3 k €	-300%	93,5 k €	-86.0%	669,6 k €
Balance sheet
Equity	3,8 M €	+0.0%	3,8 M €	+5.6%	3,6 M €	-8.5%	3,9 M €	-35.8%	6,1 M €	+28.5%	4,7 M €	+6.7%	4,4 M €	+7.7%	4,1 M €	+10.3%	3,7 M €	+5.7%	3,5 M €	+1.7%	3,5 M €	+20.4%	2,9 M €	-3.6%	3 M €	-14.8%	3,5 M €	-28.6%	4,9 M €	-6.7%	5,3 M €	-3.4%	5,5 M €	+1.7%	5,4 M €
Total assets	4,4 M €	+2.0%	4,3 M €	-23.3%	5,6 M €	-62.9%	15,2 M €	+2.3%	14,8 M €	+10.3%	13,4 M €	+55.1%	8,7 M €	+17.8%	7,4 M €	-34.5%	11,2 M €	-1.3%	11,4 M €	+6.2%	10,7 M €	+6.8%	10 M €	-1.7%	10,2 M €	-14.0%	11,9 M €	+8.9%	10,9 M €	-0.7%	11 M €	+3.7%	10,6 M €	-5.5%	11,2 M €
Cash	620 k €	+141%	257,4 k €	-63.5%	706 k €	+74.9%	403,8 k €	-87.1%	3,1 M €	-13.5%	3,6 M €	+105%	1,8 M €	+694%	221,4 k €	-70.7%	756,1 k €	+14.4%	661,1 k €	-60.4%	1,7 M €	+53.9%	1,1 M €	+292%	277,1 k €	-65.6%	804,9 k €	+119%	367,4 k €	-23.8%	482,1 k €	+16.3%	414,5 k €	+170%	153,3 k €
Debts	508,3 k €	+21.8%	417,2 k €	-78.2%	1,9 M €	-82.7%	11,1 M €	+29.5%	8,5 M €	-0.9%	8,6 M €	+112%	4,1 M €	+26.5%	3,2 M €	-55.1%	7,2 M €	-5.4%	7,6 M €	+7.7%	7 M €	+1.4%	7 M €	+0.1%	6,9 M €	-13.2%	8 M €	+39.9%	5,7 M €	+5.4%	5,4 M €	+11.2%	4,9 M €	-11.7%	5,5 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 28 ended

Active mandates

BALTO

Director · since 28 février 2023 · until 11 mai 2029 · 0477.990.759

Represented by Jochen MOORTGAT

Active

Inge Moortgat

Director · since 28 février 2023 · until 11 mai 2029

Active

Karen Moortgat

Director · since 28 février 2023 · until 11 mai 2029

Active

Ended mandates

BALTO

Managing director · since 28 février 2023 · until 11 mai 2029 · 0477.990.759

Represented by Jochen MOORTGAT

Ended

SUFINA

Director · since 10 mai 2021 · until 10 mai 2024 · 0436.303.030

Represented by Suzette Baert

Ended

Inge Moortgat

Director · since 01 janvier 2021 · until 10 mai 2024

Ended

Karen Moortgat

Director · since 01 janvier 2021 · until 10 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
ABRIM● Active	0458.304.511
Astrix● Active	0432.308.313
BALUHOLD● Active	0716.656.190
BLUECAP HOLDING● Active	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
NEFRECO● Active	0478.768.937
Pintohold● Active	0808.063.745
SUFINA● Active	0436.303.030

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/05/2026	30/04/2025	06/05/2024	05/04/2023	21/06/2022	11/06/2021
General meeting	08/05/2026	20/04/2025	03/05/2024	10/03/2023	27/05/2022	14/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/05/2026	12/05/2026	Dutch	PDF
Abridged model	31/12/2024	20/04/2025	30/04/2025	Dutch	PDF
Abridged model	31/12/2023	03/05/2024	06/05/2024	Dutch	PDF
Abridged model	31/12/2022	10/03/2023	05/04/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	14/05/2021	11/06/2021	Dutch	PDF
Abridged model	31/12/2019	08/05/2020	08/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	03/07/2019	Dutch	PDF
Abridged model	31/12/2017	07/06/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	16/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	01/06/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	17/06/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	13/06/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	06/06/2012	Dutch	PDF
Full model	31/12/2010	03/05/2011	11/07/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	04/06/2010	Dutch	PDF
Full model	31/12/2008	23/06/2009	23/06/2009	Dutch	PDF
Full model	31/12/2007	28/04/2008	29/04/2008	Dutch	PDF
Full model	31/12/2006	26/06/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 3 active · 28 ended

Active mandates

BALTO

Director · since 28 février 2023 · until 11 mai 2029 · 0477.990.759

Represented by Jochen MOORTGAT

Active

Inge Moortgat

Director · since 28 février 2023 · until 11 mai 2029

Active

Karen Moortgat

Director · since 28 février 2023 · until 11 mai 2029

Active

Ended mandates

BALTO

Managing director · since 28 février 2023 · until 11 mai 2029 · 0477.990.759

Represented by Jochen MOORTGAT

Ended

SUFINA

Director · since 10 mai 2021 · until 10 mai 2024 · 0436.303.030

Represented by Suzette Baert

Ended

Inge Moortgat

Director · since 01 janvier 2021 · until 10 mai 2024

Ended

Karen Moortgat

Director · since 01 janvier 2021 · until 10 mai 2024

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/07/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other16/03/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring01/07/2008
ONTSLAGEN - BENOEMINGEN - 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

2025
Annual accounts 2025301,7 k €↓
2024
Annual accounts 2024349,5 k €↓
2023
Annual accounts 2023566,7 k €↑
2022
Annual accounts 2022350,2 k €↑
2021
Annual accounts 2021275,7 k €↓
2018
Annual accounts 2018296,9 k €↓
2017
Annual accounts 2017317,5 k €↓
2016
Annual accounts 2016384,5 k €↑
2015
Annual accounts 2015201,1 k €↑
2014
Annual accounts 201458,9 k €↓
2013
Annual accounts 2013590 k €↑
2012
Annual accounts 2012-106,9 k €↑
2011
Annual accounts 2011-518,2 k €↑
2010
Annual accounts 2010-1,4 M €↓
2009
Annual accounts 2009-354,5 k €↓
2008
Annual accounts 2008-187,3 k €↓
2007
Annual accounts 200793,5 k €↓
2006
Annual accounts 2006669,6 k €
11/05/1994
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

SUKAF

Overview

What does SUKAF do?

Trend over 18 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