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IMMO STAL

Active
Public limited companyfounded 198739 yrs activeAvenue Maréchal Ney 30, 1410 Waterloo, BelgiumKBO/BCE: BE 0431.524.591
Summary

IMMO STAL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €341,576 and a net result of -€1,715. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability36▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
cash: 0% of total assets, and 0% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
100%
Return on assets
-0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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 · 10 filings
Deviation from the deadline
2025
5 d late
2024
42 d late
2023
29 d late
2022
51 d late
2020
29 d early
2019
8 d early
2018
19 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 10 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 June 1987, IMMO STAL was incorporated.1 Total assets went from EUR 394,611 in 2018 to EUR 341,576 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€341,576▼ 0.5%
2024 · €343,292
Total assets
€341,576▼ 1.0%
2024 · €345,022
Net result
-€1,715
2024 · €4,620
Working capital
€343,292▲ 3.8%
2020 · €330,668
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202022202320242025
Operating result-€2,229▲ 52.7%-€348--€624▼ 79.5%-€451▲ 27.7%-€4,100▼ 809%
Net result-€2,281▲ 32.1%€2,704-€5,704▲ 111%€4,620▼ 19.0%-€1,715
Equity€330,668▼ 0.7%€332,967-€338,672▲ 1.7%€343,292▲ 1.4%€341,576▼ 0.5%
Total assets€330,851▼ 0.7%€332,967-€338,672▲ 1.7%€345,022▲ 1.9%€341,576▼ 1.0%
Debt€183▼ 1.8%€1,731
Working capital€330,668▼ 0.7%€343,292
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000-€2,500€0€2,500€5,000Operating result 2020: -€2,229-€2,229Net result 2020: -€2,281-€2,281Operating result 2022: -€348-€348Net result 2022: €2,704€2,704Operating result 2023: -€624-€624Net result 2023: €5,704€5,704Operating result 2024: -€451-€451Net result 2024: €4,620€4,620Operating result 2025: -€4,100-€4,100Net result 2025: -€1,715-€1,71520202022202320242025-€5,000-€2,500€0€2,500€5,000Operating result 2023: -€624-€624Net result 2023: €5,704€5,700Operating result 2024: -€451-€451Net result 2024: €4,620€4,620Operating result 2025: -€4,100-€4,100Net result 2025: -€1,715-€1,720202320242025
The operating result stays negative: a loss of €4,100 in 2025 against €451 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
2025 value · change against 2024
Solvency
100.0%▲
2024 · 99.5%
ROE
-0.5%▼
2024 · 1.3%
ROA
-0.5%▼
2024 · 1.3%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€345,022€341,576▼
Current assets29/58€345,022€341,576▼
Amounts receivable after more than one year29€6,719-
Other amounts receivable291€6,719-
Amounts receivable within one year40/41-€9,899
Other amounts receivable41-€9,899
Current investments50/53€338,303€331,675▼
Cash at bank and in hand54/58-€2
Equity and liabilities
Total equity and liabilities10/49€345,022€341,576▼
Equity10/15€343,292€341,576▼
Contributions10/11€73,000€73,000=
Capital10€73,000€73,000=
Issued capital100€73,000€73,000=
Reserves13€7,300€7,300=
Non-distributable reserves130/1€7,300€7,300=
Legal reserve130€7,300€7,300=
Profit (loss) carried forward14€262,992€261,276▼
Amounts payable17/49€1,731-
Amounts payable within one year42/48€1,731-
Taxes, remuneration and social security45€1,731-
Taxes450/3€1,731-
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61-€3,486
Other operating charges640/8€451€613▲
Gross operating margin9900€0-€3,486▼
Operating profit (loss)9901-€451-€4,100▼
Financial income75/76B€6,906€3,513▼
Recurring financial income75€6,906€3,513▼
Financial charges65/66B€105€1,128▲
Recurring financial charges65€105€1,128▲
Profit (loss) for the period before taxes9903€6,351-€1,715▼
Income taxes67/77€1,731-
Profit (loss) for the period9904€4,620-€1,715▼
Profit (loss) for the period to be appropriated9905€4,620-€1,715▼
Appropriation of the result
Profit (loss) to be appropriated9906€262,992€261,276▼
Profit (loss) brought forward from the previous period14P€258,372€262,992▲
Line20202022202320242025Change
Goods, raw materials, services and sundry goods60/61----€3,486-
Other operating charges640/8-€348€384€451€613▲ 36.0%
Gross operating margin9900-€2,229--€239€0-€3,486-
Operating profit (loss)9901-€2,229-€348-€624-€451-€4,100▼ 809%
Financial income75/76B-€3,125€6,353€6,906€3,513▼ 49.1%
Recurring financial income75-€3,125€6,353€6,906€3,513▼ 49.1%
Financial charges65/66B-€73€25€105€1,128▲ 978%
Recurring financial charges65€52€73€25€105€1,128▲ 978%
Profit (loss) for the period before taxes9903-€2,281€2,704€5,704€6,351-€1,715▼ 127%
Income taxes67/77---€1,731--
Profit (loss) for the period9904-€2,281€2,704€5,704€4,620-€1,715▼ 137%
Profit (loss) for the period to be appropriated9905-€2,281€2,704€5,704€4,620-€1,715▼ 137%
Line20202022202320242025Change
Assets
Total assets20/58€330,851€332,967€338,672€345,022€341,576▼ 1.0%
Current assets29/58€330,851€332,967€338,672€345,022€341,576▼ 1.0%
Amounts receivable after more than one year29-€252,943€6,324€6,719--
Other amounts receivable291-€252,943€6,324€6,719--
Amounts receivable within one year40/41----€9,899-
Other amounts receivable41----€9,899-
Current investments50/53--€327,000€338,303€331,675▼ 2.0%
Cash at bank and in hand54/58€330,851€80,025€5,348-€2-
Equity and liabilities
Total equity and liabilities10/49€330,851€332,967€338,672€345,022€341,576▼ 1.0%
Equity10/15€330,668€332,967€338,672€343,292€341,576▼ 0.5%
Contributions10/11€73,000€73,000€73,000€73,000€73,000=
Capital10-€73,000€73,000€73,000€73,000=
Issued capital100-€73,000€73,000€73,000€73,000=
Reserves13€7,300€7,300€7,300€7,300€7,300=
Non-distributable reserves130/1-€7,300€7,300€7,300€7,300=
Legal reserve130-€7,300€7,300€7,300€7,300=
Profit (loss) carried forward14€250,368€252,667€258,372€262,992€261,276▼ 0.7%
Amounts payable17/49€183--€1,731--
Amounts payable within one year42/48€183--€1,731--
Taxes, remuneration and social security45---€1,731--
Taxes450/3---€1,731--
Line20202022202320242025Change
Profit (loss) for the period9904-€2,281€2,704€5,704€4,620-€1,715▼ 137%
Operating cash flow (approximation)-€2,281€2,704€5,704€4,620-€1,715▼ 137%
Change in cash---€74,677---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
05-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
11-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial Highest result since 2018net €5,704 ▲111%
Net result €5,704, the highest in the series.
20-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial Back to profitnet €2,704
Net result €2,704 after 3 loss-making years.
2021
02-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Liquidity times 265current ratio 1792.01
Current ratio from 6.77 to 1792.01; short-term debt falls from €58,303 to €186.
12-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-05
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.
0 of 6 acts read
About the unread acts

We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
110 m²
Building footprint
108 m²
Volume, LiDAR
762 m³
Parcel 25763L0027/00_000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO STAL
Avenue Maréchal Ney 30, 1410 WaterlooNACE 70201
since 19872.030.339.662
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25763L0027/00_000 Wallonia 110 m² 1 · 108 m² 8.6 m · 2 fl.
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.

Company details

Identification
Legal formPublic limited company
Founded30-06-1987
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 1 October 2026 · Peppol Directory

General meetings

1 convocation
Extraordinary general meeting
on 18-05-2004 at 14u · published 03-05-2004
Agenda
1. Verslag van de raad van bestuur. 2. Goedkeuring van de jaarrekening, afgesloten op 31 december 2003. 3. Bestemming van het resultaat. 4. Kwijting verlenen aan de bestuurders. 5. Ontslag en benoeming van de bestuurders. 6. Allerlei. De aandeelhouders worden verzocht zich te schikken naar de bepalingen van de statuten. (13661) Cautionnement Collectif des Travaux Publics et Privés, société coopérative avenue du Col-Vert 5, 1170 Bruxelles R.C. Bruxelles 1940 Les porteurs de parts sont priés d’assister à l’assemblée générale ordinaire qui se tiendra le mardi 18 mai 2004, à 14 h 30 m, au siège social de la société à 1170 Watermael-Boitfort, avenue du Col-Vert 5. Ordre du jour : 1. Approbation d ...

Scores and ratios are computed by Checked and are not a credit decision.