B-STUC
ActiveSummary
B-STUC has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of €668,823. Equity is growing by ~22.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+10
Solvency84▲+15
Growth73▼-9
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 1.77 in 2023; short-term debt: 40.4% and cash: 29% of total assets), and 41.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
58.8%
Return on assets
23.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
2 d early
2023
2 d late
2022
4 d early
2021
31 d late
2020
31 d late
2019
35 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€7.0m▲ 12.3%
2022 · €6.2m
EBIT margin
13.7%▲ 8.5pp
2022 · 5.2%
Net result
€668,823▲ 210%
2023 · €215,751
Working capital
€1.6m▲ 67.5%
2023 · €945,597
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€5.3m€6.2m▲ 17.2%€7.0m
Operating result€224,751▲ 54.3%€131,700▼ 41.4%€322,484▲ 145%€388,969▲ 20.6%€954,472▲ 145%
Net result€116,854above the sector's middle half▲ 43.9%€50,283within the sector's middle half▼ 57.0%€168,118above the sector's middle half▲ 234%€215,751above the sector's middle half▲ 28.3%€668,823above the sector's middle half▲ 210%
EBIT margin2.5%5.2%▲ 2.7pp13.7%
Equity€561,241above the sector's middle half▲ 26.3%€611,523above the sector's middle half▲ 9.0%€779,641above the sector's middle half▲ 27.5%€995,392above the sector's middle half▲ 27.7%€1.7mabove the sector's middle half▲ 67.2%
Total assets€1.9mabove the sector's middle half▲ 96.4%€2.1mabove the sector's middle half▲ 13.2%€2.1mabove the sector's middle half▼ 1.9%€2.3mabove the sector's middle half▲ 8.8%€2.8mabove the sector's middle half▲ 24.8%
Debt€1.1m▲ 237%€1.3m▲ 17.3%€1.3m▼ 2.6%€1.3m▼ 2.5%€1.2m▼ 8.3%
Working capital€891,578above the sector's middle half▲ 34.4%€477,078above the sector's middle half▼ 46.5%€1.1mabove the sector's middle half▲ 120%€945,597above the sector's middle half▼ 10.1%€1.6mabove the sector's middle half▲ 67.5%
Solvency29.9%within the sector's middle half▼ 16.6pp28.8%within the sector's middle half▼ 1.1pp37.4%within the sector's middle half▲ 8.6pp43.9%within the sector's middle half▲ 6.5pp58.8%within the sector's middle half▲ 14.9pp
Current ratio1.94within the sector's middle half▼ 1.591.39within the sector's middle half▼ 0.552.11within the sector's middle half▲ 0.721.77within the sector's middle half▼ 0.342.38within the sector's middle half▲ 0.62
Return on assets (ROA)6.2%within the sector's middle half▼ 2.3pp2.4%within the sector's middle half▼ 3.9pp8.1%within the sector's middle half▲ 5.7pp9.5%within the sector's middle half▲ 1.5pp23.6%above the sector's middle half▲ 14.1pp
Staff (FTE)8.2within the sector's middle half▲ 7.9%7.8within the sector's middle half▼ 4.9%5.8within the sector's middle half▼ 25.6%4.6within the sector's middle half▼ 20.7%4.8within the sector's middle half▲ 4.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 145% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.8m
Fixed assets
€102,783 ▲ 12.4%
Current assets
€2.7m ▲ 25.4%
Equity and liabilities €2.8m
Equity
€1.7m ▲ 67.2%
Debt
€1.2m ▼ 8.3%
Debt's share of the balance-sheet total falls from 56.1% to 41.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€993,732▲
2023 · €426,680
Cash flow
€708,082▲
2023 · €253,462
Quick ratio
2.29▲
2023 · 1.77
Debt to equity
0.70▼
2023 · 1.28
ROE
40.2%▲
2023 · 21.7%
Interest coverage
15.63▲
2023 · 8.19
Debt ≤ 1 year
€1.1m▼
2023 · €1.2m
Debt > 1 year
€22,385▼
2023 · €41,678
Income taxes
€225,957▲
2023 · €123,827
Staff costs
€141,072▼
2023 · €150,389
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €5.3m | €6.2m | - | €7.0m | - |
| Non-recurring operating income76A | - | - | - | €61,020 | €826 | ▼ 98.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €5.0m | €5.4m | - | €5.9m | - |
| Remuneration, social security and pensions62 | - | €262,663 | €157,859 | €150,389 | €141,072 | ▼ 6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,370 | €30,644 | €32,822 | €37,711 | €39,260 | ▲ 4.1% |
| Other operating charges640/8 | - | €9,444 | €12,975 | €167,195 | €48,933 | ▼ 70.7% |
| Non-recurring operating charges66A | - | - | €2,183 | €0 | €15,931 | - |
| Gross operating margin9900 | €472,917 | €434,451 | €528,324 | €744,264 | €1.2m | ▲ 61.2% |
| Operating profit (loss)9901 | €224,751 | €131,700 | €322,484 | €388,969 | €954,472 | ▲ 145% |
| Financial income75/76B | - | €2,442 | €501 | €2,692 | €3,886 | ▲ 44.4% |
| Recurring financial income75 | €3,086 | €2,442 | €501 | €2,692 | €3,886 | ▲ 44.4% |
| Financial charges65/66B | - | €35,910 | €86,045 | €52,083 | €63,579 | ▲ 22.1% |
| Recurring financial charges65 | €50,872 | €35,910 | €25,404 | €52,083 | €63,579 | ▲ 22.1% |
| Non-recurring financial charges66B | - | - | €60,641 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €176,966 | €98,232 | €236,940 | €339,578 | €894,780 | ▲ 163% |
| Income taxes67/77 | €60,112 | €47,949 | €68,822 | €123,827 | €225,957 | ▲ 82.5% |
| Profit (loss) for the period9904 | €116,854 | €50,283 | €168,118 | €215,751 | €668,823 | ▲ 210% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €463,100 | - |
| Profit (loss) for the period to be appropriated9905 | €116,854 | €50,283 | €168,118 | €215,751 | €205,723 | ▼ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.1m | €2.1m | €2.3m | €2.8m | ▲ 24.8% |
| Fixed assets21/28 | €42,422 | €429,688 | €85,886 | €91,473 | €102,783 | ▲ 12.4% |
| Tangible fixed assets22/27 | €40,472 | €108,788 | €85,886 | €87,473 | €102,783 | ▲ 17.5% |
| Plant, machinery and equipment23 | - | €81,510 | €54,584 | €31,958 | €18,865 | ▼ 41.0% |
| Furniture and vehicles24 | - | €7,215 | €11,239 | €35,453 | €71,326 | ▲ 101% |
| Other tangible fixed assets26 | - | €20,063 | €20,063 | €20,063 | €12,593 | ▼ 37.2% |
| Financial fixed assets28 | €1,950 | €320,900 | - | €4,000 | €0 | ▼ 100% |
| Current assets29/58 | €1.8m | €1.7m | €2.0m | €2.2m | €2.7m | ▲ 25.4% |
| Amounts receivable after more than one year29 | - | - | €519,450 | €519,450 | €519,450 | = |
| Trade receivables290 | - | - | €519,450 | - | - | - |
| Other amounts receivable291 | - | - | - | €519,450 | €519,450 | = |
| Stocks and contracts in progress3 | €255,200 | €399,300 | €114,232 | €0 | €105,144 | - |
| Stocks30/36 | - | - | - | - | €10,302 | - |
| Contracts in progress37 | - | €399,300 | €114,232 | €0 | €94,842 | - |
| Amounts receivable within one year40/41 | €970,160 | €764,497 | €817,612 | €1.3m | €1.3m | ▼ 6.5% |
| Trade receivables40 | - | €432,928 | €641,811 | €874,093 | €417,807 | ▼ 52.2% |
| Other amounts receivable41 | - | €331,569 | €175,801 | €464,812 | €834,490 | ▲ 79.5% |
| Current investments50/53 | - | - | - | - | €700 | - |
| Cash at bank and in hand54/58 | €608,076 | €525,976 | €545,684 | €318,134 | €820,014 | ▲ 158% |
| Deferred charges and accrued income490/1 | - | €5,744 | €2,614 | €0 | €31,100 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.1m | €2.1m | €2.3m | €2.8m | ▲ 24.8% |
| Equity10/15 | €561,241 | €611,523 | €779,641 | €995,392 | €1.7m | ▲ 67.2% |
| Contributions10/11 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €57,500 | €107,783 | €704,641 | €920,392 | €1.6m | ▲ 72.7% |
| Non-distributable reserves130/1 | - | €7,500 | €7,500 | €0 | - | - |
| Reserves not available under the articles1311 | - | €7,500 | €7,500 | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | - | €463,100 | - |
| Distributable reserves133 | - | €100,283 | €697,141 | €920,392 | €1.1m | ▲ 22.4% |
| Profit (loss) carried forward14 | €428,741 | €428,741 | - | - | - | - |
| Provisions and deferred taxes16 | €172,760 | €172,760 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €172,760 | - | - | - | - |
| Major repairs and maintenance162 | - | €160,643 | - | - | - | - |
| Environmental obligations163 | - | €12,117 | - | - | - | - |
| Amounts payable17/49 | €1.1m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 8.3% |
| Amounts payable after more than one year17 | €200,000 | €122,483 | €357,500 | €41,678 | €22,385 | ▼ 46.3% |
| Financial debts170/4 | - | €122,483 | €357,500 | €41,678 | €22,385 | ▼ 46.3% |
| Amounts payable within one year42/48 | €943,562 | €1.2m | €948,337 | €1.2m | €1.1m | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | - | €39,161 | €39,983 | €40,822 | €50,843 | ▲ 24.5% |
| Financial debts43 | - | €275,000 | €35,000 | €310,000 | €304,461 | ▼ 1.8% |
| Credit institutions430/8 | - | €275,000 | €35,000 | €310,000 | €304,461 | ▼ 1.8% |
| Trade debts44 | €506,420 | €858,211 | €821,418 | €791,527 | €717,894 | ▼ 9.3% |
| Suppliers440/4 | - | €858,211 | €821,418 | €791,527 | €717,894 | ▼ 9.3% |
| Taxes, remuneration and social security45 | - | €44,666 | €51,936 | €88,543 | €67,000 | ▼ 24.3% |
| Taxes450/3 | - | €37,869 | €46,691 | €70,562 | €64,463 | ▼ 8.6% |
| Remuneration and social security454/9 | - | €6,798 | €5,245 | €17,981 | €2,537 | ▼ 85.9% |
| Other amounts payable47/48 | - | €1,400 | - | - | €4,500 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €190 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,854 | €50,283 | €168,118 | €215,751 | €668,823 | ▲ 210% |
| + Depreciation and write-downs630 | €18,370 | €30,644 | €32,822 | €37,711 | €39,260 | ▲ 4.1% |
| Operating cash flow (approximation) | €135,224 | €80,927 | €200,940 | €253,462 | €708,082 | ▲ 179% |
| Investment in fixed assets (approximation) | - | -€417,910 | €310,980 | -€43,299 | -€50,570 | ▼ 16.8% |
| Change in cash | - | -€82,100 | €19,708 | -€227,550 | €501,880 | ▲ 321% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €668,823 ▲210%
Operating result €954,472, net result €668,823, both a record.
31-12
Financial
Equity above €1mEq €1.7m ▲67.2%
7 profitable years in a row build equity to €1.7m.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €50,283 ▼57%
Net result drops to €50,283, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €500,000Eq €561,241 ▲26.3%
3 profitable years in a row build equity to €561,241.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 92 days late
2018
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 63 days late
2017
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bilzen-Hoeselt · 1 establishment unit since 2007
Ground area
3,831 m²
Building footprint
198 m²
Volume, LiDAR
3 m³
Parcel 73006G1220/00A000, Flanders · tallest building 2.0 m. Linked by address, not a title deed.
1 establishment unit
Ooievaar 13, 3740 Bilzen-Hoeselt
since 20072.167.478.856
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006G1220/00A000 | Flanders | 3,831 m² | 1 · 198 m² | 2.0 m |
Linked by address, not proof of ownership
Good to know
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
Owners and holdings
1 ownerOwners 1
- RGOparentSourceaccounts RGO 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 945 EUR awarded · 945 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 945 EUR | 945 EUR |
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. 645 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0894123036
Also
9925:BE0894123036
Registered
22-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.