DC STABLES
ActiveDC STABLES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-46k) and a net result of €-195k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 15% of 3112 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-69
Solvency20▼-18
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 1.14 in 2024; short-term debt: 104.5% and cash: 7.9% of total assets), and equity is negative.
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-4.5%
Return on assets
-19.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-46k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
10 d late
2024
31 d early
2023
21 d late
2022
30 d late
2021
30 d late
2020
51 d late
2019
90 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-46k
2024 · €149k
2018: €143k
2019: €145k
2020: €146k
2021: €147k
2022: €148k
2023: €149k
2024: €149k
2018 → 2025
Total assets
€1.02M▼ 12.5%
2024 · €1.16M
2018: €430k
2019: €692k
2020: €847k
2021: €986k
2022: €1.05M
2023: €1.13M
2024: €1.16M
2018 → 2025
Net result
€-195k
2024 · €363
2018: €3k
2019: €2k
2020: €834
2021: €841
2022: €884
2023: €951
2024: €363
2018 → 2025
Working capital
€-54k
2024 · €140k
2018: €54k
2019: €74k
2020: €101k
2021: €121k
2022: €145k
2023: €137k
2024: €140k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€147k-€148k▲ 0.6%€149k▲ 0.6%€149k▲ 0.2%€-46k
Operating result€911-€974▲ 7.0%€1k▲ 5.0%€439▼ 57.1%€-195k
Net result€841-€884▲ 5.1%€951▲ 7.6%€363▼ 61.9%€-195k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €195k after €439 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€8k▼ 8.7%
Current assets
€1.01M▼ 12.5%
Key figures and ratios
EBITDA
€-192k▼
2024 · €3k
Cash flow
€-192k▼
2024 · €3k
Solvency
-4.5%▼
2024 · 12.9%
Current ratio
0.95▼
2024 · 1.14
Quick ratio
0.08▲
2024 · 0.04
Debt / equity
-23.05▼
2024 · 6.77
ROA
-19.2%▼
2024 · 0.0%
Interest coverage
-2727.74▼
2024 · 42.89
Debt
€1.06M▲
2024 · €1.01M
Debt ≤ 1 year
€1.06M▲
2024 · €1.01M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.16M€1.02M▼
Fixed assets21/28€9k€8k▼
Tangible fixed assets22/27€9k€8k▼
Plant, machinery and equipment23€8k€8k▼
Other tangible fixed assets26€1k€717▼
Current assets29/58€1.15M€1.01M▼
Stocks and contracts in progress3€1.11M€923k▼
Stocks30/36€1.11M€923k▼
Amounts receivable within one year40/41€11k€924▼
Trade receivables40-€755
Other amounts receivable41€11k€168▼
Cash at bank and in hand54/58€28k€81k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.16M€1.02M▼
Equity10/15€149k€-46k▼
Contributions10/11€140k€140k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€7k€-188k▼
Amounts payable17/49€1.01M€1.06M▲
Amounts payable within one year42/48€1.01M€1.06M▲
Trade debts44€22k€11k▼
Suppliers440/4€22k€11k▼
Taxes, remuneration and social security45-€12k
Taxes450/3-€12k
Other amounts payable47/48€988k€1.04M▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€5k€-191k▼
Operating profit (loss)9901€439€-195k▼
Financial charges65/66B€76€70▼
Recurring financial charges65€76€70▼
Profit (loss) for the period before taxes9903€363€-195k▼
Profit (loss) for the period9904€363€-195k▼
Profit (loss) for the period to be appropriated9905€363€-195k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-188k▼
Profit (loss) brought forward from the previous period14P€7k€7k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Weakest financial yearnet €-195k ▼53905%
Net result drops to €-195k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 51 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Opwijk · 1 establishment unit since 2017
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.
Stwg. op Brussel 901745 OpwijkGround area
878 m²
Building footprint
192 m²
Volume, LiDAR
1,225 m³
Parcel 23752G0257/00F000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DC STABLES
since 20172.269.302.726
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23752G0257/00F000 | Flanders | 877 m² | 1 · 192 m² | 10.5 m · 2 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.
Similar companies · same sector, comparable size
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Van Rossem Wim
BE 0507.743.827
Ternat · Eq €148k
’T UILENNEST
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FRIMEX
BE 0881.810.469
Merbes-le-Château · Eq €151k
Of 1,957 companies in sector 01430 we hold annual accounts for 743. 547 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2017
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:Katia.VanderPutten@kuehne-nagel.com