ANDREAS STIHL
ActiveANDREAS STIHL has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.29M and a net result of €8.81M. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+18
Solvency47▼-1
Growth72=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.31 in 2023; short-term debt: 71.8% of total assets), and 78.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
21.8%
Return on assets
18.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
42 d early
2022
39 d early
2021
33 d early
2020
47 d early
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€176.78M▲ 6.4%
2023 · €166.10M
2018: €109.23M
2019: €114.68M
2020: €128.58M
2021: €150.79M
2022: €162.22M
2023: €166.10M
2018 → 2024
EBIT margin
7.0%▲ 1.1pp
2023 · 5.9%
2018: 6.5%
2019: 4.7%
2020: 5.6%
2021: 7.0%
2022: 5.3%
2023: 5.9%
2018 → 2024
Net result
€8.81M▲ 11.6%
2023 · €7.89M
2018: €5.03M
2019: €3.90M
2020: €5.26M
2021: €7.69M
2022: €6.70M
2023: €7.89M
2018 → 2024
Working capital
€10.45M▼ 7.6%
2023 · €11.30M
2018: €5.30M
2019: €6.26M
2020: €6.81M
2021: €11.07M
2022: €10.28M
2023: €11.30M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€128.58M-€150.79M▲ 17.3%€162.22M▲ 7.6%€166.10M▲ 2.4%€176.78M▲ 6.4%
Equity€8.20M-€11.89M▲ 45.0%€10.59M▼ 11.0%€11.48M▲ 8.4%€10.29M▼ 10.4%
Operating result€7.15M-€10.50M▲ 46.9%€8.54M▼ 18.7%€9.82M▲ 15.1%€12.36M▲ 25.9%
Net result€5.26M-€7.69M▲ 46.1%€6.70M▼ 12.9%€7.89M▲ 17.9%€8.81M▲ 11.6%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 26% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47.18M
Fixed assets
€2.84M▼ 4.2%
Current assets
€44.34M▼ 7.1%
Equity and liabilities €47.18M
Equity
€10.29M▼ 10.4%
Provisions
€2.99M▲ 7.7%
Debt
€33.90M▼ 6.9%
The debt ratio stays at 71.8%.
Key figures and ratios
EBITDA
€12.73M▲
2023 · €10.17M
Cash flow
€9.18M▲
2023 · €8.24M
Solvency
21.8%▼
2023 · 22.7%
Current ratio
1.31▼
2023 · 1.31
Quick ratio
0.98▲
2023 · 0.89
Debt / equity
3.29▲
2023 · 3.17
ROE
85.6%▲
2023 · 68.8%
ROA
18.7%▲
2023 · 15.6%
Interest coverage
893.13
Debt
€33.90M▼
2023 · €36.42M
Debt ≤ 1 year
€33.90M▼
2023 · €36.42M
Income taxes
€3.34M▲
2023 · €2.53M
Staff costs
€8.52M▲
2023 · €7.52M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€50.68M€47.18M▼
Fixed assets21/28€2.96M€2.84M▼
Tangible fixed assets22/27€2.87M€2.72M▼
Land and buildings22€2.21M€2.23M▲
Plant, machinery and equipment23€351k€295k▼
Furniture and vehicles24€311k€189k▼
Financial fixed assets28€89k€118k▲
Other financial fixed assets284/8€89k€118k▲
Amounts receivable and cash guarantees285/8€89k€118k▲
Current assets29/58€47.72M€44.34M▼
Stocks and contracts in progress3€15.39M€11.02M▼
Stocks30/36€15.39M€11.02M▼
Goods purchased for resale34€15.39M€11.02M▼
Amounts receivable within one year40/41€32.26M€33.26M▲
Trade receivables40€14.63M€8.03M▼
Other amounts receivable41€17.64M€25.23M▲
Deferred charges and accrued income490/1€68k€67k▼
Equity and liabilities
Total equity and liabilities10/49€50.68M€47.18M▼
Equity10/15€11.48M€10.29M▼
Contributions10/11€2.23M€2.23M=
Capital10€2.23M€2.23M=
Issued capital100€2.23M€2.23M=
Reserves13€1.07M€1.07M=
Non-distributable reserves130/1€223k€223k=
Legal reserve130€223k€223k=
Distributable reserves133€850k€850k=
Profit (loss) carried forward14€8.18M€6.98M▼
Provisions and deferred taxes16€2.78M€2.99M▲
Provisions for liabilities and charges160/5€2.78M€2.99M▲
Pensions and similar obligations160€30k€30k=
Other liabilities and charges164/5€2.75M€2.96M▲
Amounts payable17/49€36.42M€33.90M▼
Amounts payable within one year42/48€36.42M€33.90M▼
Trade debts44€27.89M€21.29M▼
Suppliers440/4€27.89M€21.29M▼
Taxes, remuneration and social security45€1.52M€2.60M▲
Taxes450/3€652k€937k▲
Remuneration and social security454/9€872k€1.67M▲
Other amounts payable47/48€7.00M€10.00M▲
Accrued charges and deferred income492/3€147€234▲
Income statement
Code20232024
Operating income70/76A€166.91M€178.52M▲
Turnover70€166.10M€176.78M▲
Other operating income74€766k€1.61M▲
Non-recurring operating income76A€39k€129k▲
Operating charges60/66A€157.08M€166.15M▲
Goods for resale, raw materials and consumables60€129.70M€132.77M▲
Purchases600/8€134.55M€128.14M▼
Change in stocks: decrease (increase)609€-4.85M€4.63M▲
Services and other goods61€18.14M€20.53M▲
Remuneration, social security and pensions62€7.52M€8.52M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€348k€368k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€928k€-128k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€326k€266k▼
Other operating charges640/8€107k€3.82M▲
Non-recurring operating charges66A€11k€9k▼
Operating profit (loss)9901€9.82M€12.36M▲
Financial income75/76B€912k€1.03M▲
Recurring financial income75€912k€1.03M▲
Income from current assets751-€832k
Other financial income752/9€912k€195k▼
Financial charges65/66B€311k€1.24M▲
Recurring financial charges65€311k€1.24M▲
Debt charges650€0€14k▲
Other financial charges652/9€311k€1.22M▲
Profit (loss) for the period before taxes9903€10.42M€12.15M▲
Income taxes67/77€2.53M€3.34M▲
Taxes670/3€2.54M€3.34M▲
Tax adjustments and reversals of tax provisions77€12k€2▼
Profit (loss) for the period9904€7.89M€8.81M▲
Profit (loss) for the period to be appropriated9905€7.89M€8.81M▲
Appropriation of the result
Profit (loss) to be appropriated9906€15.18M€16.98M▲
Profit (loss) brought forward from the previous period14P€7.28M€8.18M▲
Profit to be distributed694/7€7.00M€10.00M▲
Return on contributions (dividend)694€7.00M€10.00M▲
Social balance
Average headcount (FTE)908774.676.9▲
The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €8.81M ▲11.6%
Operating result €12.36M, net result €8.81M, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €11.89M ▲45%
4 profitable years in a row build equity to €11.89M.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Weakest financial yearnet €3.90M ▼22.5%
Net result drops to €3.90M, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-03-2025
Martin Walter: Resigned as Director
31-01-2025
Hilary Roche: Resigned as Director
01-10-2023
Michael Bender: Resigned as Director
30-11-2022
Norbert Johannes Pick: Resigned as Director
01-09-2021
Karl Angler: Resigned as Director
17-12-2004
S. Popp: Resigned as Director
Location & real-estate footprint
Registered office, Puurs-Sint-Amands · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veurtstraat 1172870 Puurs-Sint-AmandsGround area
1.3 ha
Building footprint
4,554 m²
Volume, LiDAR
43,807 m³
Parcel 12008B0085/00D000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Veurtstraat 117, 2870 Puurs-Sint-Amands
since 19942.028.125.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12008B0085/00D000 | Flanders | 1.3 ha | 1 · 4,554 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Group per the LEI register
2 parent companiesParent company:Stihl International Gesellschaft mit beschränkter Haftung
Ultimate parent:Stihl Holding AG & Co. KG
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 5,466 EUR awarded · 5,189 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 777 EUR | 777 EUR |
| 2023 | 2 | 4,477 EUR | 4,412 EUR |
| 2022 | 1 | 212 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
529900SJZYTKFRFWXB75
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Of 828 companies in sector 46620 we hold annual accounts for 642. 235 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-10-1985
Fiscal year end31-12
Activities, NACEBEL
46610Wholesale trade
46620Wholesale of machine tools
51880
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.