ACTIVE

Sun2watt

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Financial year 2025 · closed on 31/12/2025

Net result

13,3 k €

-52.5% YoY

Gross margin

21,7 k €

-33.8% YoY

Equity

123,3 k €

+12.1% YoY

What does Sun2watt do?

Sun2watt is a Private limited company incorporated in 2013. Its main activity is: Building completion and finishing. Its registered office is in Asse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0539.994.347

Incorporation

04/10/2013

Legal form

Private limited company

Registered office

Sint-Godardusstraat 18
1730 Asse · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

43350Building completion and finishing· main 43390Other building completion and finishing 41001Construction of buildings 41201Construction of residential and non-residential buildings 43240Electrical, plumbing and other construction installation activities 43299Other construction installation

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	21,7 k €	-33.8%	32,8 k €	+1683%	1,8 k €	+133%	-5,6 k €	-143%	13 k €	-33.8%	19,6 k €	-38.3%	31,7 k €	+105%	15,5 k €	+331%	3,6 k €	-87.7%	29,2 k €	-52.0%	60,8 k €	+336%	14 k €
EBITDA	18,6 k €	-39.3%	30,7 k €	+5867%	514 €	+106%	-8,6 k €	-172%	12 k €	-35.5%	18,6 k €	-39.2%	30,5 k €	+107%	14,8 k €	+408%	2,9 k €	-88.8%	26 k €	-57.0%	60,4 k €	+356%	13,3 k €
Operating result	17,7 k €	-40.5%	29,7 k €	+702%	-4,9 k €	+57.2%	-11,5 k €	-816%	-1,3 k €	-119%	6,6 k €	-65.4%	19,1 k €	+149%	7,7 k €	+294%	-4 k €	-116%	25,1 k €	-57.8%	59,6 k €	+405%	11,8 k €
Net result	13,3 k €	-52.5%	28 k €	+565%	-6 k €	+51.8%	-12,5 k €	-573%	-1,9 k €	-115%	12,5 k €	-0.6%	12,6 k €	+105%	6,1 k €	+226%	-4,9 k €	-132%	15,4 k €	-66.2%	45,5 k €	+413%	8,9 k €
Balance sheet
Equity	123,3 k €	+12.1%	110 k €	+34.2%	81,9 k €	-6.8%	88 k €	-12.4%	100,5 k €	-1.8%	102,3 k €	+13.9%	89,8 k €	+16.3%	77,2 k €	+8.6%	71,1 k €	-6.4%	76 k €	+25.4%	60,6 k €	+302%	15,1 k €
Total assets	243,9 k €	+15.9%	210,5 k €	+1.0%	208,3 k €	-18.6%	255,9 k €	+13.6%	225,3 k €	+86.6%	120,7 k €	-9.7%	133,7 k €	-28.7%	187,4 k €	-6.6%	200,7 k €	-9.7%	222,3 k €	+48.9%	149,3 k €	+139%	62,4 k €
Cash	12,8 k €	+60.5%	7,9 k €	+11.8%	7,1 k €	+43.3%	5 k €	+10.1%	4,5 k €	-15.6%	5,3 k €	+30.0%	4,1 k €	+1841%	211,5 €	-92.7%	2,9 k €	-65.5%	8,4 k €	+5.0%	8 k €	+75.1%	4,6 k €
Debts	120,6 k €	+20.0%	100,5 k €	-20.5%	126,3 k €	+24.4%	101,5 k €	-18.6%	124,8 k €	+579%	18,4 k €	-58.2%	43,9 k €	-60.1%	110,2 k €	-15.0%	129,6 k €	+11.4%	116,4 k €	+31.1%	88,8 k €	+87.7%	47,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

Abelmajid El Kalai

Director

Active

Ended mandates

ABDELMAJID EL KALAI

Director

Ended

ABDELMAJID EL KALAI

Manager

Ended

Abdelmajid Elkalai

Director

Ended

CONSTANTIN HIRTOP

Director

Ended

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	01/01/2025	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	31/08/2026	31/12/2025	11/10/2024	02/10/2023	17/10/2022	11/03/2022
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	31/12/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	11/10/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	02/10/2023	Dutch	PDF
Micro model	31/12/2021	24/06/2022	17/10/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	11/03/2022	Dutch	PDF
Micro model	31/12/2019	26/06/2020	09/10/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	22/11/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	19/09/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	10/11/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	06/09/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	29/09/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 9 ended

Active mandates

Abelmajid El Kalai

Director

Active

Ended mandates

ABDELMAJID EL KALAI

Director

Ended

ABDELMAJID EL KALAI

Manager

Ended

Abdelmajid Elkalai

Director

Ended

CONSTANTIN HIRTOP

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2024
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/08/2017
ONTSLAGEN - BENOEMINGEN
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 202513,3 k €↓
2024
Annual accounts 202428 k €↑
2023
Annual accounts 2023-6 k €↑
2023
Name changeSun2Watt
2022
Annual accounts 2022-12,5 k €↓
2021
Annual accounts 2021-1,9 k €↓
2021
Name changeISO-K
2020
Annual accounts 202012,5 k €↓
2019
Annual accounts 201912,6 k €↑
2018
Annual accounts 20186,1 k €↑
2017
Annual accounts 2017-4,9 k €↓
2016
Annual accounts 201615,4 k €↓
2015
Annual accounts 201545,5 k €↑
2014
Annual accounts 20148,9 k €
04/10/2013
IncorporationPrivate 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

Sun2watt

Overview

What does Sun2watt do?

Trend over 12 financial years

Indicative valuation

Board of directors

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