St1
ActiveSummary
St1 has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €25,274 and a net result of -€8,042. Equity is growing by ~69.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 434 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability66▼-9
Solvency31▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.46 in 2025; short-term debt: 93.5% and cash: 0.7% of total assets), and 94% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
6%
Return on assets
-1.9%
Age of the figures
3 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 434 sector peers (2026).
NBB · sector comparisonPosition among 434 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 15-09-2026, 138 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
138 d early
2025
17 d early
2024
23 d early
2023
2 d early
2022
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-06-2027 close31-01-2028 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
€25,274▼ 24.1%
2025 · €33,316
Total assets
€418,058▼ 45.3%
2025 · €764,176
Net result
-€8,042
2025 · €40,477
Working capital
-€383,413▲ 3.3%
2025 · -€396,634
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result-€48,404-€17,770€18,843▲ 6.0%€44,363▲ 135%-€7,984
Net result-€48,679-€17,722€18,795▲ 6.1%€40,477▲ 115%-€8,042
Equity-€43,679--€25,957▲ 40.6%-€7,162▲ 72.4%€33,316€25,274▼ 24.1%
Total assets€158,356-€498,469▲ 215%€722,306▲ 44.9%€764,176▲ 5.8%€418,058▼ 45.3%
Debt€202,035-€524,426▲ 160%€729,467▲ 39.1%€730,861▲ 0.2%€392,784▼ 46.3%
Working capital-€184,080--€188,374▼ 2.3%-€456,385▼ 142%-€396,634▲ 13.1%-€383,413▲ 3.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €7,984 after €44,363 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €418,058
Fixed assets
€410,677 ▼ 4.5%
Current assets
€7,381 ▼ 97.8%
Equity and liabilities €418,058
Equity
€25,274 ▼ 24.1%
Debt
€392,784 ▼ 46.3%
Debt's share of the balance-sheet total falls from 95.6% to 94.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,290▼
2025 · €63,637
Cash flow
€11,231▼
2025 · €59,751
Current ratio
0.02▼
2025 · 0.46
Debt to equity
15.54▼
2025 · 21.94
ROE
-31.8%▼
2025 · 121.5%
ROA
-1.9%▼
2025 · 5.3%
Interest coverage
193.28▼
2025 · 3014.52
Debt ≤ 1 year
€390,794▼
2025 · €730,861
Income taxes
€0▼
2025 · €3,968
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
3.9%
went bankrupt
3.3%
stopped otherwise
92%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 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 849 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11,708 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,855 | €6,101 | €16,885 | €19,273 | €19,273 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €7,920 | - |
| Other operating charges640/8 | €934 | €947 | €853 | €2,443 | €2,837 | ▲ 16.1% |
| Gross operating margin9900 | €12,386 | €24,818 | €36,581 | €66,080 | €22,046 | ▼ 66.6% |
| Operating profit (loss)9901 | -€48,404 | €17,770 | €18,843 | €44,363 | -€7,984 | ▼ 118% |
| Financial income75/76B | €0 | - | - | €103 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €103 | €0 | ▼ 100% |
| Financial charges65/66B | €276 | €48 | €48 | €21 | €58 | ▲ 177% |
| Recurring financial charges65 | €276 | €48 | €48 | €21 | €58 | ▲ 177% |
| Profit (loss) for the period before taxes9903 | -€48,679 | €17,722 | €18,795 | €44,446 | -€8,042 | ▼ 118% |
| Income taxes67/77 | - | - | - | €3,968 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€48,679 | €17,722 | €18,795 | €40,477 | -€8,042 | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | -€48,679 | €17,722 | €18,795 | €40,477 | -€8,042 | ▼ 120% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €158,356 | €498,469 | €722,306 | €764,176 | €418,058 | ▼ 45.3% |
| Fixed assets21/28 | €140,401 | €162,417 | €449,223 | €429,950 | €410,677 | ▼ 4.5% |
| Tangible fixed assets22/27 | €140,401 | €162,417 | €449,223 | €429,950 | €410,677 | ▼ 4.5% |
| Land and buildings22 | €140,401 | €162,417 | €449,223 | €429,950 | €410,677 | ▼ 4.5% |
| Current assets29/58 | €17,955 | €336,052 | €273,082 | €334,226 | €7,381 | ▼ 97.8% |
| Stocks and contracts in progress3 | - | €81,338 | €227,762 | €0 | - | - |
| Stocks30/36 | - | €81,338 | €227,762 | €0 | - | - |
| Amounts receivable within one year40/41 | €2,541 | €54,126 | €5,883 | €16,698 | €4,071 | ▼ 75.6% |
| Trade receivables40 | €2,541 | €54,126 | €3,624 | €16,698 | €2,408 | ▼ 85.6% |
| Other amounts receivable41 | - | - | €2,258 | €0 | €1,663 | - |
| Cash at bank and in hand54/58 | €13,304 | €200,329 | €39,163 | €316,908 | €3,034 | ▼ 99.0% |
| Deferred charges and accrued income490/1 | €2,110 | €259 | €275 | €620 | €275 | ▼ 55.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €158,356 | €498,469 | €722,306 | €764,176 | €418,058 | ▼ 45.3% |
| Equity10/15 | -€43,679 | -€25,957 | -€7,162 | €33,316 | €25,274 | ▼ 24.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | €28,316 | €20,274 | ▼ 28.4% |
| Distributable reserves133 | - | - | - | €28,316 | €20,274 | ▼ 28.4% |
| Profit (loss) carried forward14 | -€48,679 | -€30,957 | -€12,162 | €0 | - | - |
| Amounts payable17/49 | €202,035 | €524,426 | €729,467 | €730,861 | €392,784 | ▼ 46.3% |
| Amounts payable within one year42/48 | €202,035 | €524,426 | €729,467 | €730,861 | €390,794 | ▼ 46.5% |
| Trade debts44 | €1,960 | €50,314 | €17,243 | €18,969 | €0 | ▼ 100% |
| Suppliers440/4 | €1,960 | €50,314 | €17,243 | €18,969 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €75 | €2,813 | €0 | €24,667 | €2,299 | ▼ 90.7% |
| Taxes450/3 | €75 | €2,813 | €0 | €24,667 | €2,299 | ▼ 90.7% |
| Other amounts payable47/48 | €200,000 | €471,299 | €712,225 | €687,225 | €388,495 | ▼ 43.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,990 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€48,679 | €17,722 | €18,795 | €40,477 | -€8,042 | ▼ 120% |
| + Depreciation and write-downs630 | €59,855 | €6,101 | €16,885 | €19,273 | €19,273 | = |
| Operating cash flow (approximation) | €11,176 | €23,824 | €35,681 | €59,751 | €11,231 | ▼ 81.2% |
| Investment in fixed assets (approximation) | - | -€28,118 | -€303,691 | €0 | €0 | - |
| Change in cash | - | €187,024 | -€161,165 | €277,745 | -€313,874 | ▼ 213% |
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 2027, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2022net €40,477 ▲115%
Operating result €44,363, net result €40,477, both a record.
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €17,722
Net result €17,722 after one loss-making year.
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Izegem · 1 establishment unit since 2020
Ground area
405 m²
Building footprint
174 m²
Volume, LiDAR
1,369 m³
Parcel 36494D1127/00G005, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
St1
since 20202.310.285.424
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D1127/00G005 | Flanders | 405 m² | 1 · 174 m² | 14.1 m · 3 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 32,953 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
Founded16-11-2020
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758447255
Also
9925:BE0758447255
Registered
11-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.