ACTIVE

SUNRAYS

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Financial year 2024 · closed on 31/12/2024
Net result
39,8 k €
+537.1% YoY
Gross margin
77,3 k €
+135.2% YoY
Equity
425,4 k €
+10.3% YoY
Workforce
1,0 ETP
0.0% YoY

What does SUNRAYS do?

SUNRAYS is a Private company with limited liability incorporated in 2011. Its main activity is: Wholesale of other intermediate products. Its registered office is in Antwerpen. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0837.520.764
Incorporation
09/06/2011
Legal form
Private company with limited liability
Registered office
Hoveniersstraat 30 box 147
2018 Antwerpen · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2024
Average workforce
1,0 ETP
Activities (NACE)
46761Wholesale of other intermediate products· main46861Wholesale trade, except of motor vehicles and motorcycles
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2024202320222021202020192018201720162015201420132012
Income statement
Gross margin77,3 k €32,9 k €170,2 k €149,3 k €28,3 k €34,0 k €125,9 k €30,9 k €58,3 k €22,3 k €25,3 k €18,0 k €13,7 k €
EBITDA45,7 k €2,8 k €143,9 k €124,8 k €27,9 k €32,8 k €124,4 k €28,3 k €55,9 k €20,0 k €23,8 k €17,1 k €11,8 k €
Operating result45,5 k €2,6 k €143,7 k €124,8 k €27,9 k €26,8 k €118,5 k €22,5 k €50,0 k €13,7 k €23,3 k €16,5 k €11,6 k €
Net result39,8 k €6,2 k €6,1 k €126,3 k €19,3 k €24,6 k €112,0 k €13,7 k €41,9 k €5,5 k €12,6 k €10,8 k €7,2 k €
Balance sheet
Equity425,4 k €385,6 k €379,4 k €373,2 k €246,9 k €227,6 k €203,0 k €90,9 k €85,1 k €54,8 k €49,2 k €36,7 k €25,8 k €
Total assets2,3 M €2,3 M €2,1 M €1,9 M €2,0 M €1,9 M €2,0 M €2,4 M €2,3 M €2,3 M €2,1 M €3,0 M €1,6 M €
Cash17,0 k €10,3 k €14,0 k €120,8 k €9,4 k €9,1 k €7,0 k €7,3 k €3,0 k €13,8 k €2,7 k €7,3 k €12,6 k €
Debts1,9 M €1,9 M €1,8 M €1,5 M €1,7 M €1,6 M €1,8 M €2,3 M €2,2 M €2,3 M €2,1 M €3,0 M €1,5 M €
Other
Workforce1,0 ETP1,0 ETP–––––––––––
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 31/12/2024 · 1 active · 2 ended

Active mandates

MAHESH VARMA

Director

Active

Ended mandates

Mahesh Mukutlal Varma

Manager · since 01 avril 2012

Ended
Mahesh Mukutlal VARMA

Manager

Ended
At this address

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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/10/202515/10/202411/10/202307/11/202210/11/202105/10/2020
General meeting03/10/202504/10/202406/10/202311/10/202224/09/202102/09/2020
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202403/10/202523/10/2025DutchPDF
Abridged model31/12/202304/10/202415/10/2024DutchPDF
Micro model31/12/202206/10/202311/10/2023DutchPDF
Micro model31/12/202111/10/202207/11/2022DutchPDF
Micro model31/12/202024/09/202110/11/2021DutchPDF
Abridged model31/12/201902/09/202005/10/2020DutchPDF
Abridged model31/12/201822/06/201907/10/2019DutchPDF
Abridged model31/12/201722/06/201827/09/2018DutchPDF
Abridged model31/12/201622/06/201729/09/2017DutchPDF
Abridged model31/12/201522/06/201631/08/2016DutchPDF
Abridged model31/12/201422/06/201528/10/2015DutchPDF
Abridged model31/12/201322/06/201427/08/2014DutchPDF
Abridged model31/12/201222/06/201326/08/2013DutchPDF
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 31/12/2024 · 1 active · 2 ended

Active mandates

MAHESH VARMA

Director

Active

Ended mandates

Mahesh Mukutlal Varma

Manager · since 01 avril 2012

Ended
Mahesh Mukutlal VARMA

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office16/09/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/04/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other14/07/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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. 2024
    Annual accounts 202439,8 k €↑
  2. 2023
    Annual accounts 20236,2 k €↑
  3. 2022
    Annual accounts 20226,1 k €↓
  4. 2021
    Annual accounts 2021126,3 k €↑
  5. 2020
    Annual accounts 202019,3 k €↓
  6. 2019
    Annual accounts 201924,6 k €↓
  7. 2018
    Annual accounts 2018112,0 k €↑
  8. 2017
    Annual accounts 201713,7 k €↓
  9. 2016
    Annual accounts 201641,9 k €↑
  10. 2015
    Annual accounts 20155,5 k €↓
  11. 2014
    Annual accounts 201412,6 k €↑
  12. 2013
    Annual accounts 201310,8 k €↑
  13. 2012
    Annual accounts 20127,2 k €
  14. 09/06/2011
    IncorporationPrivate company with limited liability