ACTIVE

SUNSHINE 88

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Financial year 2025 · closed on 30/11/2025

Net result

158,4 k €

+101.9% YoY

Gross margin

436,1 k €

+37.2% YoY

Equity

1,9 M €

+9.2% YoY

What does SUNSHINE 88 do?

SUNSHINE 88 is a Private limited company incorporated in 2005. Its main activity is: Management consultancy activities. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0874.596.342

Incorporation

21/06/2005

Legal form

Private limited company

Registered office

Rue Faider 52
1050 Ixelles · BruxellesSee on map

Contributed capital

6 200,00 €

Latest accounts

30/11/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 55203Holiday and other short-stay accommodation 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	436,1 k €	+37.2%	317,8 k €	-18.6%	390,3 k €	-17.9%	475,1 k €	-38.3%	770,3 k €	+682%	98,5 k €	-60.0%	246,4 k €	+8.1%	227,9 k €	-16.7%	273,5 k €	+268%	74,4 k €	-1.0%	75,2 k €	+1317%	5,3 k €	-83.3%	31,7 k €	-78.7%	148,5 k €	+172%	54,7 k €	-76.9%	236,5 k €	+7.0%	221,1 k €	+213%	70,7 k €	-33.0%	105,5 k €
EBITDA	426,1 k €	+38.6%	307,5 k €	-19.0%	379,9 k €	-19.0%	468,7 k €	-38.1%	757,1 k €	+711%	93,3 k €	-60.8%	237,9 k €	+7.6%	221 k €	-17.6%	268,3 k €	+301%	67 k €	-1.8%	68,2 k €	+2108%	3,1 k €	-89.7%	29,9 k €	-77.1%	130,7 k €	+238%	38,7 k €	-82.4%	219,4 k €	+9.5%	200,3 k €	+257%	56 k €	-3.4%	58 k €
Operating result	256,3 k €	+77.5%	144,4 k €	-35.8%	224,8 k €	-40.3%	376,5 k €	-43.5%	666 k €	+24599%	2,7 k €	-98.0%	131,9 k €	+26.4%	104,3 k €	-25.2%	139,5 k €	+270%	-82,1 k €	-75.1%	-46,9 k €	-225%	-14,4 k €	-169%	20,9 k €	-82.3%	118,1 k €	+253%	33,4 k €	-84.4%	214,4 k €	+9.9%	195 k €	+281%	51,1 k €	-9.8%	56,7 k €
Net result	158,4 k €	+102%	78,5 k €	-41.3%	133,7 k €	-46.8%	251,6 k €	-43.5%	445,2 k €	+8768%	5 k €	-94.1%	85,2 k €	+41.1%	60,4 k €	-26.2%	81,8 k €	+87.7%	43,6 k €	+205%	-41,4 k €	-377%	-8,7 k €	-137%	23,6 k €	-56.2%	53,7 k €	+57.4%	34,1 k €	-80.8%	177,8 k €	+12.2%	158,5 k €	+346%	35,6 k €	-20.1%	44,5 k €
Balance sheet
Equity	1,9 M €	+9.2%	1,7 M €	+4.8%	1,6 M €	+8.9%	1,5 M €	+20.0%	1,3 M €	+54.7%	813,6 k €	+0.6%	808,6 k €	+11.8%	723,4 k €	-48.8%	1,4 M €	+10.6%	1,3 M €	+3.5%	1,2 M €	+135%	525,4 k €	-1.6%	534,1 k €	+4.6%	510,5 k €	+11.8%	456,8 k €	+8.1%	422,6 k €	+72.7%	244,8 k €	+184%	86,3 k €	+70.1%	50,7 k €
Total assets	2,8 M €	-5.2%	2,9 M €	-12.0%	3,3 M €	+7.6%	3,1 M €	+67.3%	1,8 M €	+19.1%	1,5 M €	-5.1%	1,6 M €	-5.6%	1,7 M €	-5.0%	1,8 M €	+12.5%	1,6 M €	+5.0%	1,5 M €	+129%	673,4 k €	+1.0%	666,8 k €	-9.4%	736,1 k €	+22.1%	603,1 k €	-6.7%	646,2 k €	+66.7%	387,7 k €	+82.2%	212,8 k €	+9.3%	194,6 k €
Cash	24,8 k €	-30.3%	35,5 k €	-74.1%	137,3 k €	+134%	58,7 k €	+123%	26,3 k €	+56.2%	16,9 k €	-62.2%	44,6 k €	+2.3%	43,6 k €	-22.6%	56,4 k €	-28.3%	78,6 k €	+380%	16,4 k €	+55.5%	10,5 k €	+88.0%	5,6 k €	-88.0%	46,8 k €	+75.5%	26,7 k €	-46.8%	50,1 k €	+42.7%	35,1 k €	+70.0%	20,6 k €	-85.9%	146,3 k €
Debts	817,9 k €	-27.9%	1,1 M €	-30.4%	1,6 M €	+5.0%	1,6 M €	+170%	575,9 k €	-20.8%	726,9 k €	-9.3%	801,1 k €	-18.6%	984,8 k €	+146%	399,8 k €	+17.1%	341,4 k €	+84.2%	185,3 k €	+641%	25 k €	+157%	9,7 k €	-89.4%	91,8 k €	+164%	34,7 k €	-73.1%	129,1 k €	+101%	64,1 k €	-2.7%	65,9 k €	-32.1%	97,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 1 active · 1 ended

Active mandates

Geneviève LEMAL

Director · since 16 juin 2005

Active

Ended mandates

Geneviève Lemal

Manager · since 16 juin 2005

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	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	04/07/2025	01/07/2024	05/07/2023	30/06/2022	17/05/2022
General meeting	04/04/2026	04/04/2025	04/04/2024	11/04/2023	12/04/2022	13/04/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/11/2025	04/04/2026	30/06/2026	French	PDF
Micro model	30/11/2024	04/04/2025	04/07/2025	French	PDF
Micro model	30/11/2023	04/04/2024	01/07/2024	French	PDF
Micro model	30/11/2022	11/04/2023	05/07/2023	French	PDF
Micro model	30/11/2021	12/04/2022	30/06/2022	French	PDF
Micro model	30/11/2020	13/04/2021	17/05/2022	French	PDF
Micro model	30/11/2020	13/04/2021	29/04/2022	French	PDF
Micro model	30/11/2019	14/04/2020	17/05/2022	French	PDF
Micro model	30/11/2018	09/04/2019	13/06/2019	French	PDF
Micro model	30/11/2017	10/04/2018	25/05/2018	French	PDF
Abridged model	30/11/2016	11/04/2017	08/06/2017	French	PDF
Abridged model	30/11/2015	12/04/2016	06/12/2016	French	PDF
Abridged model	30/11/2014	14/04/2015	23/06/2015	French	PDF
Abridged model	30/11/2013	08/04/2014	30/04/2014	French	PDF
Abridged model	30/11/2012	09/04/2013	19/06/2013	French	PDF
Abridged model	30/11/2011	27/06/2012	28/06/2012	French	PDF
Abridged model	30/11/2010	12/04/2011	14/06/2011	French	PDF
Abridged model	30/11/2009	13/04/2010	16/08/2010	French	PDF
Abridged model	30/11/2008	14/04/2009	31/07/2009	French	PDF
Abridged model	30/11/2007	08/04/2008	10/07/2008	French	PDF
Abridged modelCorrection	30/11/2006	11/04/2007	07/11/2007	French	PDF
Abridged model	30/11/2006	11/04/2007	26/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/11/2025 · 1 active · 1 ended

Active mandates

Geneviève LEMAL

Director · since 16 juin 2005

Active

Ended mandates

Geneviève Lemal

Manager · since 16 juin 2005

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/03/2018
CAPITAL, ACTIONS
PDF
Registered office25/11/2014
SIEGE SOCIAL
PDF
Capital / shares27/05/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/07/2005
SIEGE SOCIAL - DENOMINATION - DIVERS
PDF
Other29/06/2005
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025158,4 k €↑
2024
Annual accounts 202478,5 k €↓
2023
Annual accounts 2023133,7 k €↓
2022
Annual accounts 2022251,6 k €↓
2021
Annual accounts 2021445,2 k €↑
2020
Annual accounts 20205 k €↓
2019
Annual accounts 201985,2 k €↑
2018
Annual accounts 201860,4 k €↓
2017
Annual accounts 201781,8 k €↑
2015
Annual accounts 201543,6 k €↑
2014
Annual accounts 2014-41,4 k €↓
2013
Annual accounts 2013-8,7 k €↓
2012
Annual accounts 201223,6 k €↓
2011
Annual accounts 201153,7 k €↑
2010
Annual accounts 201034,1 k €↓
2009
Annual accounts 2009177,8 k €↑
2008
Annual accounts 2008158,5 k €↑
2007
Annual accounts 200735,6 k €↓
2006
Annual accounts 200644,5 k €
21/06/2005
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

SUNSHINE 88

Overview

What does SUNSHINE 88 do?

Trend over 19 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