ACTIVE

Sunrise

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Financial year 2025 · closed on 31/12/2025
Net result
-2,6 M €
-59.3% YoY
Gross margin
3,1 M €
+12.0% YoY
Equity
40,7 M €
+117.7% YoY
Workforce
15,9 ETP
+8.2% YoY

What does Sunrise do?

Sunrise is a Public limited company incorporated in 2015. Its main activity is: Manufacture of irradiation, electromedical and electrotherapeutic equipment. Its registered office is in Namur. It employs on average 15,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0632.607.373
Incorporation
20/06/2015
Legal form
Public limited company
Registered office
Chaussée de Marche(EP) 598
5101 Namur · WallonieSee on map
Contributed capital
48 948 890,48 €
Latest accounts
31/12/2025
Average workforce
15,9 ETP
Activities (NACE)
26600Manufacture of irradiation, electromedical and electrotherapeutic equipment· main26600Manufacture of irradiation, electromedical and electrotherapeutic equipment72109Research and experimental development on natural sciences and engineering72190Other research and experimental development on natural sciences and engineering46460Wholesale of pharmaceutical goods46460Wholesale of pharmaceutical goods+6
Joint committees (2)
  • 100
  • 200
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin3,1 M €2,7 M €566,7 k €-278,3 k €457,8 k €50,2 k €1,3 M €530,9 k €201,2 k €19,7 k €
EBITDA-276,4 k €-152,8 k €-1,9 M €-1,4 M €-857,9 k €-413,7 k €846,8 k €306,2 k €128,9 k €19,5 k €
Operating result-2,2 M €-1,8 M €-3 M €-2,2 M €-1,2 M €-799,8 k €453,2 k €61,9 k €46,7 k €11,2 k €
Net result-2,6 M €-1,7 M €-3 M €-2,2 M €-1,2 M €-703,9 k €452,4 k €61,5 k €46,6 k €10,2 k €
Balance sheet
Equity40,7 M €18,7 M €12,5 M €1,8 M €3,6 M €1,1 M €682,7 k €230,4 k €168,8 k €17,2 k €
Total assets43,9 M €23 M €16,4 M €4,1 M €4,6 M €1,6 M €1 M €527,9 k €217,9 k €58,2 k €
Cash4,1 M €8,1 M €7,5 M €300,8 k €2,4 M €448,3 k €169,7 k €38,5 k €8,6 k €28,9 k €
Debts3,1 M €3,9 M €3,8 M €2,3 M €1,1 M €545 k €328,2 k €297,5 k €49 k €40,1 k €
Other
Workforce15,9 ETP14,7 ETP14,5 ETP11,9 ETP7,1 ETP6,7 ETP7,5 ETP4,3 ETP1,3 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 · 5 active · 15 ended

Active mandates

KURMA PARTNERS

Director · since 22 juillet 2025 · until 22 juillet 2031 · 0729.767.424

Represented by Philippe PELTIER

Active
Laurent MARTINOT

Managing director · since 22 juillet 2025 · until 22 juillet 2031

Active
Maxime HUERRE

Director · since 22 juillet 2025 · until 22 juillet 2031

Active
Pierre MARTINOT

Managing director · since 22 juillet 2025 · until 22 juillet 2031

Active
VIVES PARTNERS

Director · since 22 juillet 2025 · until 22 juillet 2031 · 1004.227.835

Represented by Yannick VANCOPPENOLLE

Active

Ended mandates

VIVES PARTNERS

Director · since 30 janvier 2024 · until 26 novembre 2027 · 1004.227.835

Represented by Yannick VANCOPPENOLLE

Ended
KURMA PARTNERS

Director · since 26 novembre 2021 · until 26 novembre 2027 · 0729.767.424

Represented by Philippe PELTIER

Ended
KURMA PARTNERS

Managing director · since 26 novembre 2021 · until 26 novembre 2027 · 0729.767.424

Represented by Philippe PELTIER

Ended
Laurent MARTINOT

Managing director · since 26 novembre 2021 · until 26 novembre 2027

Ended
At this address

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0738.716.465
PIXEL IMMO● Active
0764.366.631
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date20/07/202625/07/202524/06/202431/07/202308/07/202224/06/2021
General meeting26/06/202610/07/202507/06/202421/07/202330/06/202204/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202620/07/2026FrenchPDF
Abridged model31/12/202410/07/202525/07/2025FrenchPDF
Abridged model31/12/202307/06/202424/06/2024FrenchPDF
Abridged model31/12/202221/07/202331/07/2023FrenchPDF
Abridged model31/12/202130/06/202208/07/2022FrenchPDF
Abridged model31/12/202004/06/202124/06/2021FrenchPDF
Abridged model31/12/201929/07/202011/08/2020FrenchPDF
Abridged model31/12/201807/06/201926/08/2019FrenchPDF
Abridged model31/12/201701/06/201812/07/2018FrenchPDF
Abridged model31/12/201602/06/201718/08/2017FrenchPDF
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 · 5 active · 15 ended

Active mandates

KURMA PARTNERS

Director · since 22 juillet 2025 · until 22 juillet 2031 · 0729.767.424

Represented by Philippe PELTIER

Active
Laurent MARTINOT

Managing director · since 22 juillet 2025 · until 22 juillet 2031

Active
Maxime HUERRE

Director · since 22 juillet 2025 · until 22 juillet 2031

Active
Pierre MARTINOT

Managing director · since 22 juillet 2025 · until 22 juillet 2031

Active
VIVES PARTNERS

Director · since 22 juillet 2025 · until 22 juillet 2031 · 1004.227.835

Represented by Yannick VANCOPPENOLLE

Active

Ended mandates

VIVES PARTNERS

Director · since 30 janvier 2024 · until 26 novembre 2027 · 1004.227.835

Represented by Yannick VANCOPPENOLLE

Ended
KURMA PARTNERS

Director · since 26 novembre 2021 · until 26 novembre 2027 · 0729.767.424

Represented by Philippe PELTIER

Ended
KURMA PARTNERS

Managing director · since 26 novembre 2021 · until 26 novembre 2027 · 0729.767.424

Represented by Philippe PELTIER

Ended
Laurent MARTINOT

Managing director · since 26 novembre 2021 · until 26 novembre 2027

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/09/2026
    Démission et nomination administrateur
    PDF
  • Capital / shares17/11/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates05/08/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares15/07/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates26/03/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares25/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Capital / shares08/08/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    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 2025-2,6 M €↓
  2. 2024
    Annual accounts 2024-1,7 M €↑
  3. 2023
    Annual accounts 2023-3 M €↓
  4. 2022
    Annual accounts 2022-2,2 M €↓
  5. 2021
    Annual accounts 2021-1,2 M €↓
  6. 2020
    Annual accounts 2020-703,9 k €↓
  7. 2019
    Annual accounts 2019452,4 k €↑
  8. 2018
    Annual accounts 201861,5 k €↑
  9. 2017
    Annual accounts 201746,6 k €↑
  10. 2016
    Annual accounts 201610,2 k €
  11. 20/06/2015
    IncorporationPublic limited company