ST.C.
ActiveSummary
ST.C. has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178,170 and a net result of €169,315. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 61% of 812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency67▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 2.21 against 6.4 in 2024; short-term debt: 26.5% and cash: 40.2% of total assets), but 58.2% of the assets are financed with debt.
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Signals
Four 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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
41.8%
Return on assets
39.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
90 d early
2022
61 d early
2021
64 d early
2020
91 d early
2019
107 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 59 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 February (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 oldest company in Nieuwpoort, Manufacturing sector
Equity
€178,170▼ 41.4%
2024 · €303,855
Total assets
€425,942▼ 17.4%
2024 · €515,535
Net result
€169,315▲ 15.8%
2024 · €146,199
Working capital
€136,780▼ 49.5%
2024 · €271,025
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€97,330▲ 60.4%€141,427▲ 45.3%€129,956▼ 8.1%€161,293▲ 24.1%€181,536▲ 12.6%
Net result€97,807within the sector's middle half▲ 73.9%€137,971above the sector's middle half▲ 41.1%€126,730within the sector's middle half▼ 8.1%€146,199within the sector's middle half▲ 15.4%€169,315above the sector's middle half▲ 15.8%
Equity€219,355within the sector's middle half▲ 6.2%€274,326within the sector's middle half▲ 25.1%€283,656within the sector's middle half▲ 3.4%€303,855within the sector's middle half▲ 7.1%€178,170within the sector's middle half▼ 41.4%
Total assets€362,297below the sector's middle half▲ 7.0%€530,334below the sector's middle half▲ 46.4%€481,415below the sector's middle half▼ 9.2%€515,535below the sector's middle half▲ 7.1%€425,942within the sector's middle half▼ 17.4%
Debt€142,942▲ 8.2%€256,008▲ 79.1%€197,759▼ 22.8%€211,680▲ 7.0%€247,772▲ 17.1%
Working capital€167,402within the sector's middle half▲ 4.8%€213,767within the sector's middle half▲ 27.7%€231,144within the sector's middle half▲ 8.1%€271,025within the sector's middle half▲ 17.3%€136,780within the sector's middle half▼ 49.5%
Solvency60.5%above the sector's middle half▼ 0.4pp51.7%within the sector's middle half▼ 8.8pp58.9%within the sector's middle half▲ 7.2pp58.9%within the sector's middle half=41.8%within the sector's middle half▼ 17.1pp
Current ratio2.35within the sector's middle half▼ 0.073.28above the sector's middle half▲ 0.934.92above the sector's middle half▲ 1.646.40above the sector's middle half▲ 1.482.21above the sector's middle half▼ 4.19
Return on assets (ROA)27.0%above the sector's middle half▲ 10.4pp26.0%above the sector's middle half▼ 1.0pp26.3%above the sector's middle half▲ 0.3pp28.4%above the sector's middle half▲ 2.0pp39.8%above the sector's middle half▲ 11.4pp
Staff (FTE)1.8below the sector's middle half▲ 20.0%1.1below the sector's middle half▼ 38.9%1below the sector's middle half▼ 9.1%1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €425,942
Fixed assets
€176,094 ▼ 9.4%
Current assets
€249,848 ▼ 22.2%
Equity and liabilities €425,942
Equity
€178,170 ▼ 41.4%
Debt
€247,772 ▲ 17.1%
Debt's share of the balance-sheet total rises from 41.1% to 58.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€231,375▲
2024 · €207,520
Cash flow
€219,154▲
2024 · €192,426
Quick ratio
2.15▼
2024 · 6.34
Debt to equity
1.39▲
2024 · 0.70
ROE
95.0%▲
2024 · 48.1%
Interest coverage
20.73▲
2024 · 20.58
Debt ≤ 1 year
€113,068▲
2024 · €50,158
Debt > 1 year
€134,703▼
2024 · €161,448
Income taxes
€1,064▼
2024 · €5,513
Staff costs
€234▼
2024 · €51,793
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,597 | €18,100 | ▲ 43.7% |
| Remuneration, social security and pensions62 | - | €66,827 | €58,904 | €51,793 | €234 | ▼ 99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,302 | €33,445 | €41,597 | €46,227 | €49,839 | ▲ 7.8% |
| Other operating charges640/8 | - | €7,672 | €4,218 | €3,599 | €4,436 | ▲ 23.3% |
| Gross operating margin9900 | €211,008 | €249,370 | €234,675 | €262,912 | €236,045 | ▼ 10.2% |
| Operating profit (loss)9901 | €97,330 | €141,427 | €129,956 | €161,293 | €181,536 | ▲ 12.6% |
| Financial income75/76B | - | €6,596 | €6,852 | €504 | €3 | ▼ 99.3% |
| Recurring financial income75 | €7,691 | €6,596 | €6,852 | €504 | €3 | ▼ 99.3% |
| Financial charges65/66B | - | €4,780 | €5,023 | €10,085 | €11,160 | ▲ 10.7% |
| Recurring financial charges65 | €2,032 | €4,780 | €5,023 | €10,085 | €11,160 | ▲ 10.7% |
| Profit (loss) for the period before taxes9903 | €102,989 | €143,243 | €131,785 | €151,712 | €170,380 | ▲ 12.3% |
| Income taxes67/77 | €5,182 | €5,271 | €5,054 | €5,513 | €1,064 | ▼ 80.7% |
| Profit (loss) for the period9904 | €97,807 | €137,971 | €126,730 | €146,199 | €169,315 | ▲ 15.8% |
| Profit (loss) for the period to be appropriated9905 | €97,807 | €137,971 | €126,730 | €146,199 | €169,315 | ▲ 15.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €362,297 | €530,334 | €481,415 | €515,535 | €425,942 | ▼ 17.4% |
| Fixed assets21/28 | €70,491 | €222,802 | €191,305 | €194,353 | €176,094 | ▼ 9.4% |
| Tangible fixed assets22/27 | €70,416 | €222,727 | €191,230 | €194,278 | €176,019 | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €77,583 | €62,658 | €44,342 | €32,022 | ▼ 27.8% |
| Furniture and vehicles24 | - | €19,144 | €12,771 | €49,631 | €58,163 | ▲ 17.2% |
| Other tangible fixed assets26 | - | €126,000 | €115,801 | €100,305 | €85,834 | ▼ 14.4% |
| Financial fixed assets28 | €75 | €75 | €75 | €75 | €75 | = |
| Current assets29/58 | €291,806 | €307,531 | €290,110 | €321,183 | €249,848 | ▼ 22.2% |
| Amounts receivable after more than one year29 | - | €66,500 | €10,000 | - | - | - |
| Other amounts receivable291 | - | €66,500 | €10,000 | - | - | - |
| Stocks and contracts in progress3 | €2,131 | €2,241 | €2,691 | €3,014 | €6,328 | ▲ 110% |
| Stocks30/36 | - | €2,241 | €2,691 | €3,014 | €6,328 | ▲ 110% |
| Amounts receivable within one year40/41 | €66,821 | €58,177 | €47,808 | €57,471 | €66,032 | ▲ 14.9% |
| Trade receivables40 | - | €1,399 | €466 | - | €6,438 | - |
| Other amounts receivable41 | - | €56,778 | €47,342 | €57,471 | €59,594 | ▲ 3.7% |
| Cash at bank and in hand54/58 | €142,061 | €175,658 | €224,293 | €254,193 | €171,057 | ▼ 32.7% |
| Deferred charges and accrued income490/1 | - | €4,956 | €5,318 | €6,504 | €6,431 | ▼ 1.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €362,297 | €530,334 | €481,415 | €515,535 | €425,942 | ▼ 17.4% |
| Equity10/15 | €219,355 | €274,326 | €283,656 | €303,855 | €178,170 | ▼ 41.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €200,755 | €255,726 | €265,056 | €285,255 | €159,570 | ▼ 44.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €8,276 | €8,276 | €8,276 | €8,276 | = |
| Distributable reserves133 | - | €245,590 | €254,921 | €276,979 | €151,294 | ▼ 45.4% |
| Amounts payable17/49 | €142,942 | €256,008 | €197,759 | €211,680 | €247,772 | ▲ 17.1% |
| Amounts payable after more than one year17 | €18,252 | €162,073 | €138,610 | €161,448 | €134,703 | ▼ 16.6% |
| Financial debts170/4 | - | €162,073 | €138,610 | €161,448 | €134,703 | ▼ 16.6% |
| Amounts payable within one year42/48 | €124,404 | €93,764 | €58,967 | €50,158 | €113,068 | ▲ 125% |
| Current portion of amounts payable after more than one year42 | - | €34,556 | €28,290 | €32,013 | €31,187 | ▼ 2.6% |
| Trade debts44 | €8,808 | €2,825 | €16,171 | €10,135 | €21,759 | ▲ 115% |
| Suppliers440/4 | - | €2,825 | €16,171 | €10,135 | €21,759 | ▲ 115% |
| Advances received on contracts in progress46 | - | €1,400 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €9,042 | €9,210 | €7,609 | €4,178 | ▼ 45.1% |
| Taxes450/3 | - | €4,933 | €4,203 | €3,860 | €4,178 | ▲ 8.2% |
| Remuneration and social security454/9 | - | €4,110 | €5,007 | €3,749 | - | - |
| Other amounts payable47/48 | - | €45,941 | €5,296 | €401 | €55,944 | ▲ 13,840% |
| Accrued charges and deferred income492/3 | - | €171 | €183 | €74 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €97,807 | €137,971 | €126,730 | €146,199 | €169,315 | ▲ 15.8% |
| + Depreciation and write-downs630 | €15,302 | €33,445 | €41,597 | €46,227 | €49,839 | ▲ 7.8% |
| Operating cash flow (approximation) | €113,109 | €171,416 | €168,327 | €192,426 | €219,154 | ▲ 13.9% |
| Investment in fixed assets (approximation) | - | -€185,756 | -€10,099 | -€49,275 | -€31,580 | ▲ 35.9% |
| Change in cash | - | €33,597 | €48,635 | €29,901 | -€83,136 | ▼ 378% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €169,315 ▲15.8%
Operating result €181,536, net result €169,315, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €200,000Eq €206,548 ▲13.3%
3 profitable years in a row build equity to €206,548.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €43,898 ▼29.8%
Net result drops to €43,898, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 4.34
Current ratio from 1.98 to 4.34; short-term debt falls from €134,219 to €41,190.
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-02
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.
0 of 7 acts read
About the unread acts
We know of 7 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
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, Nieuwpoort · 1 establishment unit since 2003
Ground area
480 m²
Building footprint
237 m²
Volume, LiDAR
2,645 m³
Parcel 38402D0081/00C000, Flanders · tallest building 21.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Albert I laan 185, 8620 Nieuwpoort
since 20032.126.493.980
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0081/00C000 | Flanders | 480 m² | 1 · 237 m² | 21.6 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNieuwpoort2.126.493.980
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Of 608 companies in sector 10520 we hold annual accounts for 235. 191 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-03-2002
Fiscal year end30-09
Activities, NACEBEL 2025
10520Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477170219
Also
9925:BE0477170219
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.