Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Sunrise from Namur, company number BE0632607373, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year Sunrise recorded a gross margin of € 3.1 million and equity of € 40.7 million. Compared with financial year 2024, the result moved from € -1.7 million to € -2.6 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 40.7 million
▲ 118% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.6 million
▼ 59 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4.1 million
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.8 million.
People and assets in 2025
15.9
▲ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▲ 15% vs 2024
€ 208,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 34,737
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 million
▼ 9% vs 2024
€ 465,265 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 308,912
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 439,087
▲ 19% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -278,308 | € 566,727 | € 2,740,201 | € 3,068,679 | ▲ 12% |
| Profit after taxes | € -2,156,822 | € -2,980,529 | € -1,654,328 | € -2,634,749 | ▼ € 980,420 |
| Equity | € 1,765,448 | € 12,487,652 | € 18,680,912 | € 40,677,245 | ▲ 118% |
| Total debts | € 2,319,935 | € 3,867,920 | € 4,198,884 | € 3,120,813 | ▼ 26% |
| Cash | € 300,843 | € 7,509,184 | € 8,147,179 | € 4,071,290 | ▼ 50% |
| Retained profit | € -3,521,081 | € -6,501,610 | € -8,155,938 | € -10,790,687 | ▼ € 2.6 million |
| Bank debt | € 257,500 | € 1,501,071 | € 1,463,660 | € 1,337,765 | ▼ 9% |
| Balance sheet total | € 4,085,383 | € 16,355,572 | € 22,989,797 | € 43,908,058 | ▲ 91% |
| Employees (FTE) | 11.9 | 14.5 | 14.7 | 15.9 | ▲ 1.2 |
Key figures of Sunrise, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Sunrise?
What happened at Sunrise in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Laurent MARTINOT stepped down as director. NBB
- VIVES PARTNERS SA stepped down as director. NBB
- KURMA PARTNERS (société anonyme de droit français) stepped down as director. NBB
- Maxime HUERRE stepped down as director. NBB
- Pierre MARTINOT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.6 million. Source: NBB ↗
- Laurent MARTINOT became a director. NBB
- VIVES PARTNERS SA became a director. NBB
In short
From € 2.2 million loss in 2022 to € 2.6 million loss in 2025.
On average € 193,000 of value added per employee in 2025.
A new publication or filing at Sunrise? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Vives Inter-University Fund, INVESTSUD, IMBC SPINNOVA, SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SunriseThe shares are held by Vives Inter-University Fund (11.3%), INVESTSUD (1.9%), IMBC SPINNOVA (1.3%) and SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON (0.7%). It owns 100% of SUNRISE Incorporated itself.
Directors
According to the 2025 annual accounts
Laurent MARTINOT
Managing director
since 2025 · until 2031
Director · represented by Yannick VANCOPPENOLLE
Also active at: NOVADIP BIOSCIENCES, TESSARES, AXINESIS, ViroVet, The Akkermansia Company, VOCSens, Vives Inter-University Fund, NeGIO Therapeutics +4 more
since 2025 · until 2031
KURMA PARTNERS (société anonyme de droit français)
Director · represented by Philippe PELTIER
Also active at: AXITHRA
since 2025 · until 2031
Maxime HUERRE
Director
since 2025 · until 2031
Pierre MARTINOT
Managing director
since 2025 · until 2031
Shareholders
Participations
SUNRISE Incorporated
100%
Establishments
Establishment units
Physical locations of this company
Chaussée de Marche(EP) 598
5101 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
OVH DNS
Domain
Domain
hellosunrise.com
Registered
2013-08-14
Registrar
OVH, SAS
Expires
2026-08-14
Website info
Features
Security
Details
- Company number
- 0632.607.373
- VAT number
- BE 0632.607.373
- Registered office
- Chaussée de Marche(EP) 598, 5101 Namur
- Names & denominations
- Sunrise
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 2015
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- hellosunrise.com
- Activities · NACE
Vervaardiging van bestralingsapparatuur en van elektromedische en elektrotherapeutische apparatuur
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Verhuur en lease van medisch en paramedisch materieel
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Groothandel in farmaceutische en medische artikelen
Overige zakelijke dienstverlening, neg
Overige gespecialiseerde wetenschappelijke en technische activiteiten