JAMES STOCMAN

Active

Private limited companyfounded 200521 yrs activeRue Saint-Martin(TOU) 55, 7500 Tournai, BelgiumKBO/BCE: BE 0875.526.750

JAMES STOCMAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.11M and a net result of €184k. Equity is growing by ~57% per year across the filed fiscal years. Its solvency ranks better than 84% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

76 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability84▲+12

Solvency100▲+4

Growth78▲+26

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €80k at 30 days acceptable

Liquidity ample (current ratio 2.38 against 2.21 in 2023; short-term debt: 22% and cash: 1.4% of total assets), and 25% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

75%

Return on assets

12.4%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-08-2025, 6 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 filings

Deviation from the deadline

2025

not confirmed

2024

6 d late

2023

30 d late

2022

22 d late

2021

957 d late

2020

4 d early

2019

3 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€184k▲ 344%

2023 · €42k

2018: €52k 2019: €41k 2020: €179k 2021: €-162k 2022: €373k 2023: €42k

2018 → 2024

Working capital

€453k▼ 2.1%

2023 · €463k

2018: €128k 2019: €302k 2020: €526k 2021: €319k 2022: €471k 2023: €463k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€296k-€694k▲ 135%€1.07M▲ 53.7%€1.11M▲ 3.9%€1.11M▲ 0.4%

Operating result€201k-€-156k€587k€78k▼ 86.7%€243k▲ 211%

Net result€179k-€-162k€373k€42k▼ 88.9%€184k▲ 344%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 211% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.49M

47.5%

52.5%

Fixed assets €705k▼ 3.0%

Current assets €780k▼ 7.6%

Equity and liabilities €1.49M

75.0%

25.0%

Equity €1.11M▲ 0.4%

Debt €372k▼ 19.5%

The debt ratio falls from 29.4% to 25.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€286k▲

2023 · €112k

Cash flow

€227k▲

2023 · €76k

Solvency

75.0%▲

2023 · 70.6%

Current ratio

2.38▲

2023 · 2.21

Quick ratio

2.38▲

2023 · 2.21

Debt / equity

0.33▼

2023 · 0.42

ROE

16.6%▲

2023 · 3.7%

ROA

12.4%▲

2023 · 2.6%

Interest coverage

23.74▲

2023 · 9.45

Debt

€372k▼

2023 · €462k

Debt ≤ 1 year

€327k▼

2023 · €381k

Debt > 1 year

€45k▼

2023 · €81k

Income taxes

€66k▲

2023 · €38k

Staff costs

€262k▲

2023 · €227k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.57M€1.49M▼

Fixed assets21/28€727k€705k▼

Tangible fixed assets22/27€165k€143k▼

Plant, machinery and equipment23€15k€13k▼

Furniture and vehicles24€18k€28k▲

Leasing and similar rights25€119k€91k▼

Other tangible fixed assets26€13k€12k▼

Financial fixed assets28€562k€562k=

Current assets29/58€844k€780k▼

Amounts receivable within one year40/41€743k€753k▲

Trade receivables40€319k€384k▲

Other amounts receivable41€424k€369k▼

Current investments50/53€0-

Cash at bank and in hand54/58€74k€21k▼

Deferred charges and accrued income490/1€27k€7k▼

Equity and liabilities

Total equity and liabilities10/49€1.57M€1.49M▼

Equity10/15€1.11M€1.11M▲

Contributions10/11€19k€19k=

Revaluation surpluses12€561k€561k=

Reserves13€525k€525k=

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Own shares acquired1312€0-

Distributable reserves133€525k€525k=

Profit (loss) carried forward14€5k€9k▲

Amounts payable17/49€462k€372k▼

Amounts payable after more than one year17€81k€45k▼

Financial debts170/4€81k€45k▼

Amounts payable within one year42/48€381k€327k▼

Current portion of amounts payable after more than one year42€34k€36k▲

Trade debts44€282k€3k▼

Suppliers440/4€282k€3k▼

Taxes, remuneration and social security45€66k€162k▲

Taxes450/3€40k€121k▲

Remuneration and social security454/9€26k€41k▲

Other amounts payable47/48-€126k

Income statement Code20232024

Non-recurring operating income76A€0-

Remuneration, social security and pensions62€227k€262k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€42k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-

Other operating charges640/8€14k€16k▲

Non-recurring operating charges66A€83k€0▼

Gross operating margin9900€436k€563k▲

Operating profit (loss)9901€78k€243k▲

Financial income75/76B€13k€19k▲

Recurring financial income75€13k€19k▲

Financial charges65/66B€12k€12k▲

Recurring financial charges65€12k€12k▲

Profit (loss) for the period before taxes9903€80k€251k▲

Income taxes67/77€38k€66k▲

Profit (loss) for the period9904€42k€184k▲

Profit (loss) for the period to be appropriated9905€42k€184k▲

Appropriation of the result

Profit (loss) to be appropriated9906€45k€189k▲

Profit (loss) brought forward from the previous period14P€3k€5k▲

Transfer to equity691/2€40k€0▼

To other reserves6921€40k€0▼

Profit to be distributed694/7-€180k

Return on contributions (dividend)694-€180k

Social balance

Average headcount (FTE)90875.55.9▲

The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 18Financial 8Filings 10

2025

06-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 6 days late

14-03

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 957 days late

28-02

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 30 days late

28-02

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 22 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 30 days late

2023

22-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 22 days late

2022

31-12

Financial Back to profitnet €373k

Net result €373k after one loss-making year.

31-12

Financial Equity above €1MEq €1.07M ▲53.7%

Equity rises from €694k to €1.07M.

2021

31-12

Financial Weakest financial yearnet €-162k ▼191%

Net result drops to €-162k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €500kEq €694k ▲135%

Equity rises from €296k to €694k.

27-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

31-12

Financial Liquidity quadruplescurrent ratio 49.74

Current ratio from 12.39 to 49.74; short-term debt falls from €26k to €11k.

31-12

Financial Equity above €200kEq €296k ▲153%

3 profitable years in a row build equity to €296k.

28-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Liquidity quadruplescurrent ratio 12.39

Current ratio from 3.23 to 12.39; short-term debt falls from €57k to €26k.

31-12

Financial Equity above €100kEq €117k ▲54.7%

2 profitable years in a row build equity to €117k.

30-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

31-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

6 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, Tournai · 2 establishment units since 2005

establishment All 2 establishment units on the map

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.

Rue Saint-Martin(TOU) 557500 Tournai

Ground area

891 m²

Building footprint

296 m²

Volume, LiDAR

2,113 m³

3 parcels, Wallonia · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

James Stocman

Rue des Bouvreuils(K) 31, 7540 TournaiAir transport

since 20052.148.623.640

Place de Lille(TOU) 14, 7500 Tournai

Food and beverage service activities

since 20152.249.390.111

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57042C0379/00A002	Wallonia	751 m²	1 · 196 m²	6.7 m · 2 fl.
57081G0370/00G000	Wallonia	88 m²	1 · 65 m²	12.7 m · 4 fl.
57081G0072/02G006	Wallonia	53 m²	1 · 35 m²	14.4 m · 4 fl.