DEN STAL
ActiveDEN STAL has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €235k and a net result of €6k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +29 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+13
Solvency96▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 3.37 in 2024), and 49.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← 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 2025Solvency, return and age of the figures
Solvency
50.9%
Return on assets
1.4%
Age of the figures
8 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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
12 d early
2023
12 d early
2022
on the day
2021
2 d early
2020
1 d early
2019
1 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€235k▲ 2.7%
2024 · €229k
2018: €124k
2019: €131k
2020: €155k
2021: €211k
2022: €228k
2023: €234k
2024: €229k
2018 → 2025
Total assets
€461k▲ 1.8%
2024 · €453k
2018: €433k
2019: €466k
2020: €477k
2021: €724k
2022: €887k
2023: €833k
2024: €453k
2018 → 2025
Net result
€6k
2024 · €-6k
2018: €12k
2019: €7k
2020: €24k
2021: €56k
2022: €17k
2023: €6k
2024: €-6k
2018 → 2025
Working capital
€102k▼ 4.9%
2024 · €107k
2018: €62k
2019: €22k
2020: €39k
2021: €205k
2022: €189k
2023: €207k
2024: €107k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€228k▲ 8.2%€234k▲ 2.8%€229k▼ 2.5%€235k▲ 2.7%
Operating result€88k-€26k▼ 70.3%€29k▲ 10.6%€10k▼ 66.8%€16k▲ 64.1%
Net result€56k-€17k▼ 69.2%€6k▼ 63.7%€-6k€6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 64% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €461k
Fixed assets
€277k▼ 7.8%
Current assets
€184k▲ 20.6%
Equity and liabilities €461k
Equity
€235k▲ 2.7%
Debt
€226k▲ 0.8%
The debt ratio falls from 49.6% to 49.1%: equity grows faster than debt.
Key figures and ratios
EBITDA
€44k▲
2024 · €38k
Cash flow
€34k▲
2024 · €23k
Solvency
50.9%▲
2024 · 50.4%
Current ratio
2.24▼
2024 · 3.37
Quick ratio
1.47▼
2024 · 1.76
Debt / equity
0.96▼
2024 · 0.98
ROE
2.7%▲
2024 · -2.5%
ROA
1.4%▲
2024 · -1.3%
Interest coverage
7.07▲
2024 · 2.51
Debt
€226k▲
2024 · €225k
Debt ≤ 1 year
€82k▲
2024 · €45k
Debt > 1 year
€144k▼
2024 · €179k
Income taxes
€4k▲
2024 · €285
Staff costs
€151k▲
2024 · €135k
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€453k€461k▲
Fixed assets21/28€301k€277k▼
Tangible fixed assets22/27€299k€276k▼
Land and buildings22€231k€219k▼
Plant, machinery and equipment23€62k€53k▼
Furniture and vehicles24€7k€4k▼
Financial fixed assets28€1k€1k=
Current assets29/58€153k€184k▲
Stocks and contracts in progress3€73k€63k▼
Stocks30/36€73k€63k▼
Amounts receivable within one year40/41€49k€79k▲
Trade receivables40€41k€67k▲
Other amounts receivable41€8k€13k▲
Cash at bank and in hand54/58€26k€37k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€453k€461k▲
Equity10/15€229k€235k▲
Contributions10/11€19k€19k=
Reserves13€202k€209k▲
Tax-exempt reserves132€21k€21k=
Distributable reserves133€182k€188k▲
Profit (loss) carried forward14€7k€7k=
Amounts payable17/49€225k€226k▲
Amounts payable after more than one year17€179k€144k▼
Financial debts170/4€72k€54k▼
Other amounts payable178/9€107k€90k▼
Amounts payable within one year42/48€45k€82k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€16k€46k▲
Suppliers440/4€16k€46k▲
Taxes, remuneration and social security45€12k€18k▲
Taxes450/3€3k€5k▲
Remuneration and social security454/9€10k€14k▲
Accrued charges and deferred income492/3€290€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€135k€151k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€180k€201k▲
Operating profit (loss)9901€10k€16k▲
Financial income75/76B€30€792▲
Recurring financial income75€30€792▲
Financial charges65/66B€15k€6k▼
Recurring financial charges65€15k€6k▼
Profit (loss) for the period before taxes9903€-6k€10k▲
Income taxes67/77€285€4k▲
Profit (loss) for the period9904€-6k€6k▲
Profit (loss) for the period to be appropriated9905€-6k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€14k▲
Profit (loss) brought forward from the previous period14P€13k€7k▼
Transfer to equity691/2€0€6k▲
To other reserves6921€0€6k▲
The notes to these accounts (11 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-6k ▼193%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.37
Current ratio from 1.68 to 3.37; short-term debt falls from €304k to €45k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €56k ▲134%
Operating result €88k, net result €56k, both a record.
31-12
Financial
Equity above €200kEq €211k ▲36.3%
4 profitable years in a row build equity to €211k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €155k ▲18.4%
3 profitable years in a row build equity to €155k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Stekene · 1 establishment unit since 2006
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.
Bettestraat (STE) 49190 StekeneGround area
2,536 m²
Building footprint
990 m²
Parcel 46024A1461/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
DEN STAL
since 20062.152.781.970
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1461/00A000 | Flanders | 2,536 m² | 1 · 990 m² | - |
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.
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 2 endedMachinaal houtbewerker duaal (so)
Machinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Medewerker hout duaal (so)
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GLOBAL INTERIEUR
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Of 619 companies in sector 31002 we hold annual accounts for 348. 285 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2002
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
36130
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.