Checked.be
Active
BE 0418.344.667Private limited company
DE STAL
Sint Jobsesteenweg 100 ·2930 Brasschaat, Belgium· 48 yrs active
Sector: Full-service restaurants
(56111)
Conclusion
DE STAL has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59k and a net result of €5k. Equity is shrinking by ~11% per year across the filed fiscal years. Its solvency ranks better than 40% of 3511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €59k |
| Net result | €5k |
| Staff (FTE) | 2.6 |
| Better than sector | 40% |
Financial profile
52
/ 100
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Health
61
Profitability
40
Solvency
28
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1978, 48 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
61
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€4k
estimate, not credit advice
Score history
83
2021
80
2022
94
2023
65
2024
61
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.14 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.13 (≥ 1.0)
+5
Leverage
Debt/equity 3.99 (> 3.0)
-10
Profitability
ROE 8%
+3
Interest coverage
Interest coverage 9.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-05-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~54.2%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 20.0% | 29.7% | |
| Net result | €5k | €11k | |
| Equity | €59k | €90k | |
| Gross operating margin | €195k | €260k | |
| Staff costs | €140k | €251k |
€52k
+3.6%
21-25
€5k
-37.1%
21-25
€42k
+0.9%
21-25
€296k
-20.0%
21-25
€59k
+8.7%
21-25
€18k
+0.7%
21-25
3
-7.1%
21-25
€140k
+5.8%
21-25
€4k
+133.7%
21-25
€0
-100.0%
21-25
€237k
-24.9%
21-25
€128k
-25.3%
21-25
€109k
-24.4%
21-25
1.14
+3.3%
21-25
1.13
+4.6%
21-25
20.0%
+35.8%
21-25
3.99
-30.9%
21-25
8.0%
-42.1%
21-25
1.6%
-21.4%
21-25
9.38
+22.1%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €52k | €50k | €95k | €76k | €154k |
| Net profit | €5k | €8k | €52k | €35k | €115k |
| Cash flow | €42k | €42k | €72k | €65k | €145k |
| Staff costs | €140k | €132k | €139k | €128k | €76k |
| Income taxes | €4k | €2k | €19k | €3k | €1k |
| Dividends | €0 | €100k | - | - | - |
| Total assets | €296k | €370k | €302k | €338k | €359k |
| Equity | €59k | €55k | €147k | €95k | €95k |
| Debt | €237k | €316k | €155k | €243k | €264k |
| of which ≤ 1y | €128k | €171k | €42k | €44k | €51k |
| of which > 1y | €109k | €144k | €111k | €196k | €210k |
| Working capital | €18k | €18k | €146k | €159k | €147k |
| Employees (FTE) | 2.6 | 2.8 | 6.7 | 5.7 | 4.7 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.14 | 1.11 | 4.47 | 4.58 | 3.90 |
| Quick ratio | 1.13 | 1.08 | 4.42 | 4.54 | 3.87 |
| Working capital ratio | 6.2% | 4.9% | 48.3% | 47.0% | 41.0% |
| Solvency | 20.0% | 14.8% | 48.6% | 28.2% | 26.6% |
| Debt / equity | 3.99 | 5.78 | 1.06 | 2.55 | 2.76 |
| Long-term debt ratio | 1.84 | 2.64 | 0.75 | 2.05 | 2.20 |
| Interest coverage | 9.38 | 7.68 | 24.08 | 10.46 | 19.77 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 1.6% | 2.0% | 17.1% | 10.3% | 31.9% |
| ROE | 8.0% | 13.8% | 35.1% | 36.4% | 120.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €296k | €370k | €302k | €338k | €359k |
| Fixed assets | 21/28 | €150k | €181k | €114k | €135k | €161k |
| Tangible fixed assets | 22/27 | €150k | €181k | €114k | €135k | €161k |
| Current assets | 29/58 | €146k | €189k | €188k | €204k | €198k |
| Stocks & contracts in progress | 3 | €2k | €5k | €2k | €2k | €1k |
| Amounts receivable within one year | 40/41 | €901 | €50k | €78k | €73k | €88k |
| Cash & bank | 54/58 | €141k | €132k | €105k | €128k | €106k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €296k | €370k | €302k | €338k | €359k |
| Equity | 10/15 | €59k | €55k | €147k | €95k | €95k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €29k | €29k | €129k | €77k | €77k |
| Accumulated profits (losses) | 14 | €12k | €8k | €0 | - | - |
| Amounts payable | 17/49 | €237k | €316k | €155k | €243k | €264k |
| Amounts payable after one year | 17 | €109k | €144k | €111k | €196k | €210k |
| Amounts payable within one year | 42/48 | €128k | €171k | €42k | €44k | €51k |
| Trade debts payable within one year | 44 | €9k | €14k | €8k | €6k | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €195k | €186k | €238k | €208k | €233k |
| Operating result | 9901 | €14k | €16k | €74k | €45k | €124k |
| Financial income | 75 | €16 | €62 | €1 | - | - |
| Financial charges | 65 | €6k | €7k | €4k | €7k | €8k |
| Result before taxes | 9903 | €9k | €9k | €70k | €38k | €116k |
| Income taxes | 67/77 | €4k | €2k | €19k | €3k | €1k |
| Net result for the period | 9904 | €5k | €8k | €52k | €35k | €115k |
| Result to be appropriated | 9905 | €5k | €8k | €52k | €35k | €117k |
Legal Structure
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 22-02-1978 |
| Status | Active |
| Postal code | 2930 |
Establishment units
Sint Jobsesteenweg 100, 2930 Brasschaat
since 19782.014.896.371
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322C0148/00A008 | Flanders | 3,457 m² | 1 · 318 m² | 14.7 m · 1 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €5k ▼37.1%
Net result drops to €5k, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €147k ▲54.1%
3 profitable years in a row build equity to €147k.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
55301Full-service restaurants56101Full-service restaurants56111
Names & trade names
| Legal nameNL | DE STAL |
Similar companies
FRITURE MERODE
BE 0479.118.137 · Etterbeek
Thai Café Forest
BE 0726.456.556 · Vorst
Steakhouse And More
BE 0755.336.723 · Temse
CABANELF
BE 0463.612.884 · Edegem
Sabo
BE 0689.938.432 · Brecht