ACTIVE

SUNPACK

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Financial year 2025 · closed on 31/12/2025

Net result

356,1 k €

+55.0% YoY

Gross margin

808,9 k €

+32.2% YoY

Equity

971,8 k €

+55.1% YoY

What does SUNPACK do?

SUNPACK is a Public limited company incorporated in 2009. Its main activity is: Production of electricity. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0818.053.854

Incorporation

25/08/2009

Legal form

Public limited company

Registered office

Kareelstraat 108
9300 Aalst · FlandreSee on map

Contributed capital

291 940,50 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	808,9 k €	+32.2%	611,9 k €	-25.0%	815,9 k €	-16.8%	980,2 k €	+19.2%	822,2 k €	-3.9%	855,5 k €	+11.4%	768,3 k €	-13.1%	884,5 k €	+12.0%	790,1 k €	+1.2%	780,3 k €		–		–		–		–		–		–
EBITDA	800 k €	+39.5%	573,4 k €	-29.0%	807,7 k €	-16.9%	972,3 k €	+19.3%	814,8 k €	-3.9%	848,1 k €	+11.5%	760,9 k €	-13.2%	877 k €	+12.5%	779,6 k €	+3.1%	756 k €	+3.3%	732,1 k €	-6.2%	780,7 k €	+6.1%	735,9 k €	-10.9%	825,7 k €	-2.3%	844,8 k €	+25.6%	672,5 k €
Operating result	481,7 k €	+84.6%	260,9 k €	-47.3%	495,1 k €	-25.0%	659,7 k €	+34.0%	492,4 k €	-8.1%	535,5 k €	+19.4%	448,4 k €	-20.6%	564,4 k €	+20.9%	467 k €	+5.3%	443,4 k €	+5.7%	419,5 k €	-5.7%	444,7 k €	+14.9%	387,1 k €	-18.8%	476,9 k €	-4.8%	501 k €	+142%	207,2 k €
Net result	356,1 k €	+55.0%	229,7 k €	-41.4%	392,1 k €	-16.3%	468,7 k €	+47.0%	318,8 k €	-4.9%	335,3 k €	+41.8%	236,5 k €	-22.6%	305,6 k €	+45.9%	209,5 k €	+10.1%	190,2 k €	-14.2%	221,6 k €	-1.7%	225,5 k €	+68.1%	134,1 k €	-39.3%	221 k €	+16.4%	189,8 k €	+2334%	-8,5 k €
Balance sheet
Equity	971,8 k €	+55.1%	626,5 k €	+53.7%	407,6 k €	-86.1%	2,9 M €	+18.5%	2,5 M €	+14.3%	2,2 M €	+17.7%	1,8 M €	+14.0%	1,6 M €	+22.4%	1,3 M €	+17.8%	1,1 M €	+19.1%	937,2 k €	-23.6%	1,2 M €	+21.8%	1 M €	+14.6%	879 k €	+15.5%	761,3 k €	+26.3%	602,7 k €
Total assets	1,2 M €	-26.8%	1,7 M €	-58.6%	4,1 M €	-1.9%	4,1 M €	+0.6%	4,1 M €	-3.0%	4,2 M €	-1.6%	4,3 M €	-3.1%	4,4 M €	-3.0%	4,6 M €	-2.7%	4,7 M €	-10.4%	5,3 M €	-1.5%	5,3 M €	-7.4%	5,8 M €	-3.8%	6 M €	-3.6%	6,2 M €	-7.1%	6,7 M €
Cash	38 k €	-78.2%	174,9 k €	-73.1%	650,4 k €	+80.2%	361 k €	+90975%	396,4 €	-98.5%	26,2 k €	+717%	3,2 k €	-86.1%	23,1 k €	+368%	4,9 k €		–		–		658,6 k €	-16.0%	783,5 k €	+32.6%	590,9 k €	+24.7%	473,7 k €	-10.1%	526,9 k €
Debts	224,5 k €	-77.8%	1 M €	-72.0%	3,6 M €	+210%	1,2 M €	-27.0%	1,6 M €	-21.0%	2 M €	-16.4%	2,4 M €	-12.9%	2,8 M €	-13.4%	3,2 M €	-9.1%	3,5 M €	-17.0%	4,2 M €	+5.3%	4 M €	-13.6%	4,7 M €	-6.8%	5 M €	-7.2%	5,4 M €	-10.3%	6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

PERKAMENT

Director · since 02 juin 2023 · until 01 juin 2029 · 0465.122.225

Active

UNI-PAR

Managing director · since 02 juin 2023 · until 01 juin 2029 · 0465.120.641

Active

Ended mandates

PERKAMENT

Director · since 03 juin 2023 · until 01 juin 2029 · 0465.122.225

Ended

UNI-PAR

Director · since 03 juin 2023 · until 01 juin 2029 · 0465.120.641

Ended

PERKAMENT

Director · since 10 mars 2017 · until 02 juin 2023 · 0465.122.225

Ended

UNI-PAR

Director · since 10 mars 2017 · until 02 juin 2023 · 0465.120.641

Represented by Pierre MACHARIS

Ended

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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	06/07/2026	16/06/2025	25/06/2024	13/06/2023	13/06/2022	28/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	06/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	16/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	13/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	13/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	20/07/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	01/09/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	16/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	12/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	13/06/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	12/06/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	13/06/2012	Dutch	PDF
Full model	31/12/2010	03/06/2011	14/06/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 2 active · 16 ended

Active mandates

PERKAMENT

Director · since 02 juin 2023 · until 01 juin 2029 · 0465.122.225

Active

UNI-PAR

Managing director · since 02 juin 2023 · until 01 juin 2029 · 0465.120.641

Active

Ended mandates

PERKAMENT

Director · since 03 juin 2023 · until 01 juin 2029 · 0465.122.225

Ended

UNI-PAR

Director · since 03 juin 2023 · until 01 juin 2029 · 0465.120.641

Ended

PERKAMENT

Director · since 10 mars 2017 · until 02 juin 2023 · 0465.122.225

Ended

UNI-PAR

Director · since 10 mars 2017 · until 02 juin 2023 · 0465.120.641

Represented by Pierre MACHARIS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other23/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/11/2021
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2012
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
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 2025356,1 k €↑
2024
Annual accounts 2024229,7 k €↓
2023
Annual accounts 2023392,1 k €↓
2022
Annual accounts 2022468,7 k €↑
2021
Annual accounts 2021318,8 k €↓
2020
Annual accounts 2020335,3 k €↑
2019
Annual accounts 2019236,5 k €↓
2018
Annual accounts 2018305,6 k €↑
2017
Annual accounts 2017209,5 k €↑
2016
Annual accounts 2016190,2 k €↓
2015
Annual accounts 2015221,6 k €↓
2014
Annual accounts 2014225,5 k €↑
2013
Annual accounts 2013134,1 k €↓
2012
Annual accounts 2012221 k €↑
2011
Annual accounts 2011189,8 k €↑
2010
Annual accounts 2010-8,5 k €
25/08/2009
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

SUNPACK

Overview

What does SUNPACK do?

Trend over 16 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