STABECON
ActiveSummary
STABECON has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,844 and a net result of €3,598. Equity is shrinking by ~6.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-20
Solvency72▼-12
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.34 in 2024; short-term debt: 53.4% and cash: 93% of total assets), but 53.4% 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
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
46.6%
Return on assets
0.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
46 d early
2023
49 d early
2022
47 d early
2021
35 d early
2020
32 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 43 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 16 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€185,844▼ 30.2%
2024 · €266,246
Total assets
€399,018▼ 11.8%
2024 · €452,460
Net result
€3,598▼ 82.9%
2024 · €21,044
Working capital
€177,527▼ 28.6%
2024 · €248,647
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
Line20212022202320242025
Operating result€65,618▲ 115%€56,800▼ 13.4%€41,685▼ 26.6%€35,198▼ 15.6%€11,911▼ 66.2%
Net result€45,248▲ 135%€38,082▼ 15.8%€26,296▼ 30.9%€21,044▼ 20.0%€3,598▼ 82.9%
Equity€369,825▲ 13.9%€407,906▲ 10.3%€314,202▼ 23.0%€266,246▼ 15.3%€185,844▼ 30.2%
Total assets€472,056▲ 20.0%€521,386▲ 10.5%€542,535▲ 4.1%€452,460▼ 16.6%€399,018▼ 11.8%
Debt€102,231▲ 48.8%€113,480▲ 11.0%€228,332▲ 101%€186,214▼ 18.4%€213,174▲ 14.5%
Working capital€313,681▼ 3.1%€365,088▲ 16.4%€283,419▼ 22.4%€248,647▼ 12.3%€177,527▼ 28.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 66% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399,018
Fixed assets
€8,317 ▼ 52.7%
Current assets
€390,701 ▼ 10.2%
Equity and liabilities €399,018
Equity
€185,844 ▼ 30.2%
Debt
€213,174 ▲ 14.5%
Debt's share of the balance-sheet total rises from 41.2% to 53.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25,162▼
2024 · €48,382
Cash flow
€16,848▼
2024 · €34,228
Current ratio
1.83▼
2024 · 2.34
Debt to equity
1.15▲
2024 · 0.70
ROE
1.9%▼
2024 · 7.9%
ROA
0.9%▼
2024 · 4.7%
Interest coverage
4.18▼
2024 · 9.63
Debt ≤ 1 year
€213,174▲
2024 · €186,214
Income taxes
€2,295▼
2024 · €9,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,662 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 17,027 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €120 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,625 | €13,325 | €13,779 | €13,184 | €13,250 | ▲ 0.5% |
| Other operating charges640/8 | - | €787 | €793 | €870 | €952 | ▲ 9.3% |
| Gross operating margin9900 | €75,666 | €70,912 | €56,258 | €49,372 | €26,113 | ▼ 47.1% |
| Operating profit (loss)9901 | €65,618 | €56,800 | €41,685 | €35,198 | €11,911 | ▼ 66.2% |
| Financial income75/76B | - | €1 | - | - | - | - |
| Recurring financial income75 | €8 | €1 | - | - | - | - |
| Financial charges65/66B | - | €3,635 | €4,437 | €5,024 | €6,018 | ▲ 19.8% |
| Recurring financial charges65 | €3,146 | €3,635 | €4,437 | €5,024 | €6,018 | ▲ 19.8% |
| Profit (loss) for the period before taxes9903 | €62,481 | €53,165 | €37,248 | €30,174 | €5,893 | ▼ 80.5% |
| Income taxes67/77 | €17,232 | €15,083 | €10,952 | €9,130 | €2,295 | ▼ 74.9% |
| Profit (loss) for the period9904 | €45,248 | €38,082 | €26,296 | €21,044 | €3,598 | ▼ 82.9% |
| Profit (loss) for the period to be appropriated9905 | €45,248 | €38,082 | €26,296 | €21,044 | €3,598 | ▼ 82.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €472,056 | €521,386 | €542,535 | €452,460 | €399,018 | ▼ 11.8% |
| Fixed assets21/28 | €56,143 | €42,818 | €30,783 | €17,599 | €8,317 | ▼ 52.7% |
| Tangible fixed assets22/27 | €56,143 | €42,818 | €30,783 | €17,599 | €8,317 | ▼ 52.7% |
| Furniture and vehicles24 | - | €42,818 | €30,783 | €17,599 | €8,317 | ▼ 52.7% |
| Current assets29/58 | €415,913 | €478,568 | €511,751 | €434,861 | €390,701 | ▼ 10.2% |
| Amounts receivable within one year40/41 | €22,631 | €34,988 | €23,325 | €29,544 | €19,733 | ▼ 33.2% |
| Trade receivables40 | - | €17,988 | €8,325 | €14,544 | €9,733 | ▼ 33.1% |
| Other amounts receivable41 | - | €17,000 | €15,000 | €15,000 | €10,000 | ▼ 33.3% |
| Cash at bank and in hand54/58 | €391,161 | €441,397 | €486,177 | €405,317 | €370,968 | ▼ 8.5% |
| Deferred charges and accrued income490/1 | - | €2,184 | €2,249 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €472,056 | €521,386 | €542,535 | €452,460 | €399,018 | ▼ 11.8% |
| Equity10/15 | €369,825 | €407,906 | €314,202 | €266,246 | €185,844 | ▼ 30.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €338,600 | €373,600 | €278,600 | €229,600 | €145,600 | ▼ 36.6% |
| Non-distributable reserves130/1 | - | €25,600 | - | - | - | - |
| Reserves not available under the articles1311 | - | €25,600 | - | - | - | - |
| Distributable reserves133 | - | €348,000 | €278,600 | €229,600 | €145,600 | ▼ 36.6% |
| Profit (loss) carried forward14 | €12,625 | €15,706 | €17,002 | €18,046 | €21,644 | ▲ 19.9% |
| Amounts payable17/49 | €102,231 | €113,480 | €228,332 | €186,214 | €213,174 | ▲ 14.5% |
| Amounts payable within one year42/48 | €102,231 | €113,480 | €228,332 | €186,214 | €213,174 | ▲ 14.5% |
| Trade debts44 | €344 | €793 | €567 | €69 | €865 | ▲ 1,154% |
| Suppliers440/4 | - | €793 | €567 | €69 | €865 | ▲ 1,154% |
| Taxes, remuneration and social security45 | - | €18,051 | €21,540 | €14,225 | €8,786 | ▼ 38.2% |
| Taxes450/3 | - | €18,051 | €21,540 | €14,225 | €8,786 | ▼ 38.2% |
| Other amounts payable47/48 | - | €94,636 | €206,225 | €171,920 | €203,523 | ▲ 18.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,248 | €38,082 | €26,296 | €21,044 | €3,598 | ▼ 82.9% |
| + Depreciation and write-downs630 | €8,625 | €13,325 | €13,779 | €13,184 | €13,250 | ▲ 0.5% |
| Operating cash flow (approximation) | €53,873 | €51,407 | €40,075 | €34,228 | €16,848 | ▼ 50.8% |
| Investment in fixed assets (approximation) | - | €0 | -€1,744 | €0 | -€3,969 | - |
| Change in cash | - | €50,235 | €44,781 | -€80,860 | -€34,349 | ▲ 57.5% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €3,598 ▼82.9%
Net result drops to €3,598, the lowest in the series.
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €45,248 ▲135%
Operating result €65,618, net result €45,248, both a record.
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
12-01
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 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Begijnendijk · 1 establishment unit since 2004
Ground area
902 m²
Building footprint
166 m²
Volume, LiDAR
1,092 m³
Parcel 24007A0103/00M003, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STABECON
since 20042.136.709.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24007A0103/00M003 | Flanders | 902 m² | 1 · 166 m² | 9.8 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded30-03-2004
Fiscal year end30-06
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
68121Development of residential building projects
42130Civil engineering
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864395902
Also
9925:BE0864395902
Registered
18-03-2026
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.