INTERSTOCK
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 38 filings
Turnover
€1.4m▼ 33.3%
2024 · €2.1m
EBIT margin
-6.4%▼ 13.1pp
2024 · 6.7%
Net result
-€84,396
2024 · €149,078
Working capital
€522,867▼ 8.9%
2024 · €573,647
In the rankings
#7 oldest company in Frasnes-lez-Anvaing, Wholesale and retail trade sector#9 company by equity in Frasnes-lez-Anvaing, Wholesale and retail trade sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€1.4m
▼ 33.3%
2025
20182025
Operating result
-€91,489
2025
20182025
Net result
-€84,396
2025
lowest quarter of the sector
20182025
EBIT margin
-6.4%
▼ 13.1pp
2025
20182025
Equity
€747,394
▼ 10.1%
2025
middle half of the sector
20182025
Total assets
€1.1m
▼ 5.5%
2025
lowest quarter of the sector
20182025
Debt
€336,941
▲ 6.7%
2025
20182025
Working capital
€522,867
▼ 8.9%
2025
middle half of the sector
20182025
Solvency
68.9%
▼ 3.6pp
2025
highest quarter of the sector
20182025
Current ratio
2.77
▼ 0.90
2025
middle half of the sector
20182025
Return on assets (ROA)
-7.8%
▼ 20.8pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
5.1
▼ 15.0%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.6m-€1.8m▲ 10.7%€1.5m▼ 15.9%€2.1m▲ 43.9%€2.1m▼ 1.7%€1.6m▼ 22.3%€2.1m▲ 32.2%€1.4m▼ 33.3%
Operating result-€0.04m-€0.07m-€0.06m€0.2m€0.04m▼ 78.9%-€0.2m€0.1m-€0.09m
Net result-€0.04m-€0.08m-€0.05mbelow the sector's middle half€0.2mwithin the sector's middle half€0.05mwithin the sector's middle half▼ 73.1%-€0.2mbelow the sector's middle half€0.1mwithin the sector's middle half-€0.08mbelow the sector's middle half
EBIT margin-2.7%-4.1%▲ 6.8pp-3.9%▼ 8.0pp8.0%▲ 11.9pp1.7%▼ 6.3pp-10.0%▼ 11.7pp6.7%▲ 16.7pp-6.4%▼ 13.1pp
Equity€1.3m-€1.4m▲ 2.0%€0.8mwithin the sector's middle half▼ 40.7%€0.9mwithin the sector's middle half▲ 13.5%€0.8mwithin the sector's middle half▼ 8.9%€0.7mwithin the sector's middle half▼ 18.8%€0.8mwithin the sector's middle half▲ 21.8%€0.7mwithin the sector's middle half▼ 10.1%
Total assets€1.5m-€1.7m▲ 16.2%€1.5mwithin the sector's middle half▼ 12.0%€1.5mwithin the sector's middle half▲ 2.3%€1.6mwithin the sector's middle half▲ 1.8%€1.2mwithin the sector's middle half▼ 25.9%€1.1mwithin the sector's middle half▼ 1.6%€1.1mbelow the sector's middle half▼ 5.5%
Debt€0.1m-€0.3m▲ 159%€0.7m▲ 101%€0.6m▼ 10.8%€0.7m▲ 17.7%€0.5m▼ 34.1%€0.3m▼ 34.7%€0.3m▲ 6.7%
Working capital€1.0m-€1.1m▲ 6.5%€0.5mwithin the sector's middle half▼ 50.4%€0.3mwithin the sector's middle half▼ 47.3%€0.5mwithin the sector's middle half▲ 65.8%€0.3mwithin the sector's middle half▼ 25.8%€0.6mwithin the sector's middle half▲ 68.8%€0.5mwithin the sector's middle half▼ 8.9%
Solvency90.9%-79.8%▼ 11.2pp53.8%within the sector's middle half▼ 26.0pp59.7%within the sector's middle half▲ 5.9pp53.4%within the sector's middle half▼ 6.3pp58.5%within the sector's middle half▲ 5.1pp72.5%above the sector's middle half▲ 13.9pp68.9%above the sector's middle half▼ 3.6pp
Current ratio8.42-4.10▼ 4.321.75within the sector's middle half▼ 2.351.44within the sector's middle half▼ 0.311.83within the sector's middle half▲ 0.391.97within the sector's middle half▲ 0.143.67above the sector's middle half▲ 1.692.77within the sector's middle half▼ 0.90
Return on assets (ROA)-2.4%-4.5%▲ 6.8pp-3.5%below the sector's middle half▼ 8.0pp11.0%above the sector's middle half▲ 14.5pp2.9%within the sector's middle half▼ 8.1pp-13.6%below the sector's middle half▼ 16.5pp13.0%above the sector's middle half▲ 26.5pp-7.8%below the sector's middle half▼ 20.8pp
Staff (FTE)6.3-6.3=6within the sector's middle half▼ 4.8%6.5within the sector's middle half▲ 8.3%6.9within the sector's middle half▲ 6.2%6.9within the sector's middle half=6within the sector's middle half▼ 13.0%5.1within the sector's middle half▼ 15.0%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €91,489, after a profit of €143,501 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€265,601 ▼ 26.0%
Current assets
€818,734 ▲ 3.8%
Equity and liabilities €1.1m
Equity
€747,394 ▼ 10.1%
Debt
€336,941 ▲ 6.7%
Debt's share of the balance-sheet total rises from 27.5% to 31.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13,609▼
2024 · €253,221
Cash flow
€20,702▼
2024 · €258,798
Quick ratio
2.32▼
2024 · 3.08
Debt to equity
0.45▲
2024 · 0.38
ROE
-11.3%▼
2024 · 17.9%
Interest coverage
11.08▼
2024 · over 100
Debt ≤ 1 year
€295,867▲
2024 · €214,998
Debt > 1 year
€33,965▼
2024 · €84,545
Income taxes
-€28▼
2024 · €29
Customer credit
60 days▲
2024 · 40 days
Supplier credit
23 days▲
2024 · 13 days
Staff costs
€346,063▼
2024 · €404,977
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 7 | 6 | 6 | 5 |
| full-time | 7 | 7 | 6 | 6 | 4 |
| part-time | - | - | - | 0 | 1 |
| in full-time equivalents | 7 | 7 | 6 | 6 | 4.8 |
| Average over the year, in full-time equivalents | 6.5 | 6.9 | 6.9 | 6 | 5.1 |
| On a permanent contract | 7 | 6 | 5 | 5 | 4 |
| Joined | - | 8 | 0 | 1 | 2 |
| Left | - | 9 | 1 | 1 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €396,671 | €34,884 | €23,092 | €2,590 | €19,268 |
| Depreciation and write-downs of the year | €38,481 | €114,272 | €113,495 | €109,720 | €105,098 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €2,877 awarded · €2,877 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €522 | €522 |
| 2023 | 1 | €579 | €879 |
| 2022 | 1 | €1,776 | €1,476 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.6m | €1.8m | €1.5m | €2.1m | €2.1m | €1.6m | €2.1m | €1.4m | ▼ 33.3% |
| Non-recurring operating income76A | - | - | - | €0.02m | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.5m | €1.5m | €1.3m | €1.5m | €1.1m | ▼ 27.3% |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.04m | €0.04m | €0.04m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 4.2% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.005m | €0.005m | €0.004m | €0.004m | ▲ 9.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.002m | - | - |
| Gross operating margin9900 | €0.4m | €0.5m | €0.3m | €0.6m | €0.6m | €0.4m | €0.7m | €0.4m | ▼ 45.2% |
| Operating profit (loss)9901 | -€0.04m | €0.07m | -€0.06m | €0.2m | €0.04m | -€0.2m | €0.1m | -€0.09m | - |
| Financial income75/76B | - | - | - | €0.008m | €0.01m | €0.006m | €0.007m | €0.008m | ▲ 15.3% |
| Recurring financial income75 | €0.009m | €0.007m | €0.005m | €0.008m | €0.008m | €0.006m | €0.007m | €0.008m | ▲ 15.3% |
| Non-recurring financial income76B | - | - | - | - | €0.005m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.004m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 22.5% |
| Recurring financial charges65 | €0.001m | €0.002m | €0.001m | €0.004m | €0.003m | €0.002m | €0.002m | €0.001m | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | -€0.04m | €0.08m | -€0.05m | €0.2m | €0.05m | -€0.2m | €0.1m | -€0.08m | - |
| Income taxes67/77 | - | €0.001m | - | €0.004m | €250 | - | €29 | -€28 | - |
| Profit (loss) for the period9904 | -€0.04m | €0.08m | -€0.05m | €0.2m | €0.05m | -€0.2m | €0.1m | -€0.08m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.04m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.04m | €0.08m | -€0.05m | €0.2m | €0.05m | -€0.2m | €0.1m | -€0.08m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.7m | €1.5m | €1.5m | €1.6m | €1.2m | €1.1m | €1.1m | ▼ 5.5% |
| Fixed assets21/28 | €0.4m | €0.3m | €0.3m | €0.6m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 26.0% |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.3m | €0.6m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 26.0% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 8.5% |
| Plant, machinery and equipment23 | - | - | - | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 45.8% |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.05m | €0.03m | €0.01m | €0.02m | ▲ 30.1% |
| Current assets29/58 | €1.1m | €1.4m | €1.2m | €0.9m | €1.0m | €0.7m | €0.8m | €0.8m | ▲ 3.8% |
| Stocks and contracts in progress3 | €0.1m | €0.09m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 6.2% |
| Stocks30/36 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 6.2% |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 3.5% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | = |
| Other amounts receivable41 | - | - | - | €0.07m | €0.01m | €0.01m | €0.02m | €0.03m | ▲ 41.9% |
| Current investments50/53 | €0.6m | €0.6m | €0.6m | €0.2m | €0.2m | €0.08m | €0.05m | €0.08m | ▲ 50.3% |
| Cash at bank and in hand54/58 | €0.3m | €0.5m | €0.3m | €0.4m | €0.6m | €0.2m | €0.4m | €0.3m | ▼ 4.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.005m | €0.006m | €0.003m | €0.009m | ▲ 148% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.7m | €1.5m | €1.5m | €1.6m | €1.2m | €1.1m | €1.1m | ▼ 5.5% |
| Equity10/15 | €1.3m | €1.4m | €0.8m | €0.9m | €0.8m | €0.7m | €0.8m | €0.7m | ▼ 10.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.03m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.02m | - | - | - | - | - |
| Profit (loss) carried forward14 | €1.2m | €1.2m | €0.7m | €0.8m | €0.8m | €0.6m | €0.8m | €0.7m | ▼ 11.1% |
| Amounts payable17/49 | €0.1m | €0.3m | €0.7m | €0.6m | €0.7m | €0.5m | €0.3m | €0.3m | ▲ 6.7% |
| Amounts payable after more than one year17 | - | - | - | - | €0.2m | €0.1m | €0.08m | €0.03m | ▼ 59.8% |
| Financial debts170/4 | - | - | - | - | €0.2m | €0.1m | €0.08m | €0.03m | ▼ 59.8% |
| Amounts payable within one year42/48 | €0.1m | €0.3m | €0.7m | €0.6m | €0.5m | €0.3m | €0.2m | €0.3m | ▲ 37.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 0.9% |
| Trade debts44 | €0.06m | €0.06m | €0.08m | €0.5m | €0.2m | €0.1m | €0.05m | €0.07m | ▲ 28.6% |
| Suppliers440/4 | - | - | - | €0.5m | €0.2m | €0.1m | €0.05m | €0.07m | ▲ 28.6% |
| Advances received on contracts in progress46 | - | - | - | €0.05m | €0.2m | €0.2m | €0.08m | €0.2m | ▲ 84.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 18.5% |
| Taxes450/3 | - | - | - | €0.004m | €0.004m | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.02m | €0.03m | €0.03m | €0.02m | ▼ 18.5% |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.1m | €125 | - | €0.001m | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.02m | €0.007m | ▼ 56.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,373 | €76,425 | -€53,127 | €169,814 | €45,695 | -€158,051 | €149,078 | -€84,396 | - |
| + Depreciation and write-downs630 | €49,157 | €36,560 | €37,916 | €38,481 | €114,272 | €113,495 | €109,720 | €105,098 | ▼ 4.2% |
| Operating cash flow (approximation) | €13,784 | €112,985 | -€15,211 | €208,295 | €159,967 | -€44,556 | €258,798 | €20,702 | ▼ 92.0% |
| Investment in fixed assets (approximation) | - | -€3,523 | -€8,531 | -€396,671 | -€34,884 | -€23,915 | €9,042 | -€11,849 | - |
| Change in cash | - | €197,806 | -€150,398 | €42,871 | €184,410 | -€393,739 | €177,766 | -€17,214 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as INTERSTOCK has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
90.3%
was still going
8.6%
stopped otherwise
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTERSTOCK itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for INTERSTOCK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00226692 | |
| 31-12-2024 | full format | 26-06-2025 | 2025-00182720 | |
| 31-12-2023 | full format | 05-07-2024 | 2024-00215000 | |
| 31-12-2022 | full format | 26-05-2023 | 2023-00095886 | |
| 31-12-2021 | full format | 30-05-2022 | 2022-20037297 | |
| 31-12-2020 | full format | 29-05-2021 | 2021-16200254 | |
| 31-12-2019 | full format | 26-05-2020 | 2020-13000451 | |
| 31-12-2018 | full format | 20-05-2019 | 2019-13700519 | |
| 31-12-2017 | full format | 19-05-2018 | 2018-13300529 | |
| 31-12-2016 | full format | 26-05-2017 | 2017-13300134 |