ST
ST has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €396k and a net result of €5k. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 385 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €396k |
| Net result | €5k |
| Staff (FTE) | 18.6 |
| Better than sector | 37% |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 30.1% | 39.7% | |
| Net result | €5k | €53k | |
| Equity | €396k | €398k | |
| Gross operating margin | €1.27M | €417k | |
| Staff costs | €1.09M | €375k |
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 | - | €1.78M | €1.53M | €1.10M | €640k |
| EBITDA | €173k | €254k | €228k | €112k | €119k |
| Net profit | €5k | €93k | €103k | €65k | €84k |
| Cash flow | €122k | €187k | €168k | €89k | €95k |
| Staff costs | €1.09M | €622k | €273k | €128k | €14k |
| Income taxes | €4k | €35k | €31k | €19k | €21k |
| Dividends | - | - | - | - | - |
| Total assets | €1.31M | €1.15M | €1.06M | €313k | €230k |
| Equity | €396k | €391k | €298k | €196k | €130k |
| Debt | €918k | €759k | €757k | €117k | €99k |
| of which ≤ 1y | €437k | €257k | €328k | €93k | €76k |
| of which > 1y | €480k | €502k | €428k | €24k | €24k |
| Working capital | €70k | €88k | €11k | €157k | €99k |
| Employees (FTE) | 18.6 | 12.2 | 5.7 | 2.1 | 1.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.16 | 1.34 | 1.03 | 2.68 | 2.31 |
| Quick ratio | 1.16 | 1.34 | 1.03 | 2.68 | 2.31 |
| Working capital ratio | 5.3% | 7.7% | 1.1% | 50.1% | 43.0% |
| Solvency | 30.1% | 34.0% | 28.3% | 62.6% | 56.8% |
| Debt / equity | 2.32 | 1.94 | 2.54 | 0.60 | 0.76 |
| Long-term debt ratio | 1.21 | 1.28 | 1.44 | 0.12 | 0.18 |
| Interest coverage | 3.72 | 7.97 | 7.86 | 26.52 | 37.26 |
| Gross margin | - | 46.0% | 32.7% | 22.0% | 21.1% |
| Net margin | - | 5.2% | 6.7% | 5.9% | 13.1% |
| ROA | 0.4% | 8.1% | 9.7% | 20.9% | 36.4% |
| ROE | 1.3% | 23.7% | 34.4% | 33.4% | 64.1% |
| EBITDA margin | - | 14.2% | 15.0% | 10.1% | 18.7% |
| Days sales outstanding | - | 55d | 49d | 32d | 28d |
| Days payable outstanding | 97d | 14d | 60d | 14d | 18d |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.31M | €1.15M | €1.06M | €313k | €230k |
| Fixed assets | 21/28 | €807k | €805k | €715k | €63k | €55k |
| Intangible fixed assets | 21 | - | - | €262 | €670 | €934 |
| Tangible fixed assets | 22/27 | €807k | €805k | €715k | €62k | €54k |
| Current assets | 29/58 | €507k | €345k | €340k | €250k | €174k |
| Amounts receivable within one year | 40/41 | €483k | €339k | €263k | €134k | €71k |
| Cash & bank | 54/58 | €13k | - | €68k | €99k | €91k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.31M | €1.15M | €1.06M | €313k | €230k |
| Equity | 10/15 | €396k | €391k | €298k | €196k | €130k |
| Accumulated profits (losses) | 14 | €396k | €391k | €298k | €196k | €130k |
| Amounts payable | 17/49 | €918k | €759k | €757k | €117k | €99k |
| Amounts payable after one year | 17 | €480k | €502k | €428k | €24k | €24k |
| Amounts payable within one year | 42/48 | €437k | €257k | €328k | €93k | €76k |
| Trade debts payable within one year | 44 | €280k | €36k | €169k | €32k | €24k |
| Income statement | ||||||
| Turnover | 70 | - | €1.78M | €1.53M | €1.10M | €640k |
| Gross operating margin | 9900 | €1.27M | €883k | €508k | €252k | €135k |
| Operating result | 9901 | €56k | €160k | €163k | €88k | €108k |
| Financial income | 75 | €0 | - | €0 | €0 | - |
| Financial charges | 65 | €46k | €32k | €29k | €4k | €3k |
| Result before taxes | 9903 | €9k | €128k | €134k | €84k | €105k |
| Income taxes | 67/77 | €4k | €35k | €31k | €19k | €21k |
| Net result for the period | 9904 | €5k | €93k | €103k | €65k | €84k |
| Result to be appropriated | 9905 | €5k | €93k | €103k | €65k | €84k |
-
Serdal KaracaDirectorState Gazette act 22061684 (20-05-2022)Current01-05-2022 → present
| NACE primary | Civil engineering(42219) |
| Legal form | Private limited company(610) |
| Incorporation | 04-11-2019 |
| Status | Active |
| Postal code | 2160 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052D0092/00Y003 | Flanders | 1,082 m² | 1 · 104 m² | 11.5 m · 3 fl. |
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.
20-05-2022 Serdal Karaca appointed as director
- Serdal Karaca, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": "81.05.14-426-17",
"name": "Serdal Karaca",
"address": "Vosstraat 74, 2140 Antwerpen",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2022-05-01",
"evidence_quote": "Mevrouw Serdal Karaca, wonende te Vosstraat 74, 2140 Antwerpen, met RR 81.05.14-426-17 wordt benoemd als bestuurder, haar mandaat gaat in op 01/05/2022.",
"decharge_status": null,
"mandate_duration": {
"kind": "until_date",
"value": "2022-05-01"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2022-05-06",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2022-05-01",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0737.377.766",
"name_full": null,
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Sadik T\u00FCrkmen",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | ST |