STABILOGICS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 24 filings
Turnover
≈ €2.1m
Estimated: probably between €1.4m and €3.5m
Total assets
€2.0m▼ 4.5%
2024 · €2.0m
Net result
€176,601▼ 37.0%
2024 · €280,193
Working capital
€302,666▲ 37.6%
2024 · €219,918
In the rankings
#10 company by total assets in Kampenhout, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€259,671
▼ 36.6%
2025
20182025
Net result
€176,601
▼ 37.0%
2025
highest quarter of the sector
20182025
Equity
€638,678
▲ 0.2%
2025
highest quarter of the sector
20182025
Total assets
€2.0m
▼ 4.5%
2025
highest quarter of the sector
20182025
Debt
€1.2m
▼ 16.0%
2025
20182025
Working capital
€302,666
▲ 37.6%
2025
middle half of the sector
20182025
Solvency
32.6%
▲ 1.5pp
2025
middle half of the sector
20182025
Current ratio
1.36
▲ 0.15
2025
middle half of the sector
20182025
Return on assets (ROA)
9.0%
▼ 4.7pp
2025
middle half of the sector
20182025
Staff (FTE)
8
▼ 3.6%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.1m▼ 48.5%€0.2m▲ 10.4%€0.1m▼ 26.0%€0.3m▲ 154%€0.03m▼ 90.0%€0.4m▲ 13×€0.3m▼ 36.6%
Net result€0.2m-€0.09m▼ 51.8%€0.1mabove the sector's middle half▲ 25.2%€0.08mwithin the sector's middle half▼ 23.4%€0.2mabove the sector's middle half▲ 155%€0.02mwithin the sector's middle half▼ 91.4%€0.3mabove the sector's middle half▲ 16×€0.2mabove the sector's middle half▼ 37.0%
Equity€0.6m-€0.4m▼ 28.5%€0.5mwithin the sector's middle half▲ 12.0%€0.5mwithin the sector's middle half▲ 11.3%€0.7mwithin the sector's middle half▲ 34.3%€0.7mwithin the sector's middle half▲ 2.6%€0.6mwithin the sector's middle half▼ 11.4%€0.6mabove the sector's middle half▲ 0.2%
Total assets€1.1m-€1.1m▲ 5.7%€1.2mwithin the sector's middle half▲ 12.1%€1.5mwithin the sector's middle half▲ 21.6%€1.7mwithin the sector's middle half▲ 13.0%€1.8mabove the sector's middle half▲ 7.6%€2.0mabove the sector's middle half▲ 11.0%€2.0mabove the sector's middle half▼ 4.5%
Debt€0.5m-€0.7m▲ 48.3%€0.8m▲ 12.1%€1.0m▲ 27.9%€1.0m▼ 0.1%€1.1m▲ 11.2%€1.4m▲ 27.5%€1.2m▼ 16.0%
Working capital€0.5m-€0.4m▼ 20.2%€0.5mabove the sector's middle half▲ 36.1%€0.5mabove the sector's middle half▼ 8.2%€0.4mwithin the sector's middle half▼ 7.9%€0.4mwithin the sector's middle half▼ 20.1%€0.2mwithin the sector's middle half▼ 38.4%€0.3mwithin the sector's middle half▲ 37.6%
Solvency55.5%-37.6%▼ 17.9pp37.6%within the sector's middle half=34.4%within the sector's middle half▼ 3.2pp40.9%within the sector's middle half▲ 6.5pp39.0%within the sector's middle half▼ 1.9pp31.1%within the sector's middle half▼ 7.9pp32.6%within the sector's middle half▲ 1.5pp
Current ratio2.08-1.61▼ 0.471.88within the sector's middle half▲ 0.271.72within the sector's middle half▼ 0.161.74within the sector's middle half▲ 0.011.54within the sector's middle half▼ 0.191.21within the sector's middle half▼ 0.341.36within the sector's middle half▲ 0.15
Return on assets (ROA)16.8%-7.7%▼ 9.1pp8.6%within the sector's middle half▲ 0.9pp5.4%within the sector's middle half▼ 3.2pp12.2%within the sector's middle half▲ 6.8pp1.0%within the sector's middle half▼ 11.2pp13.7%within the sector's middle half▲ 12.7pp9.0%within the sector's middle half▼ 4.7pp
Staff (FTE)6.8-6.8=6.7within the sector's middle half▼ 1.5%7.5within the sector's middle half▲ 11.9%6.6within the sector's middle half▼ 12.0%7.5within the sector's middle half▲ 13.6%8.3above the sector's middle half▲ 10.7%8above the sector's middle half▼ 3.6%
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 37% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets
€806,240 ▲ 4.3%
Current assets
€1.2m ▼ 9.8%
Equity and liabilities €2.0m
Equity
€638,678 ▲ 0.2%
Provisions
€133,350
Debt
€1.2m ▼ 16.0%
Debt's share of the balance-sheet total falls from 68.9% to 60.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€392,410▼
2024 · €542,470
Cash flow
€309,340▼
2024 · €413,116
Debt to equity
1.86▼
2024 · 2.22
ROE
27.7%▼
2024 · 44.0%
Interest coverage
11.20▼
2024 · 30.60
Debt ≤ 1 year
€849,011▼
2024 · €1.1m
Debt > 1 year
€336,878▼
2024 · €355,501
Income taxes
€49,961▼
2024 · €96,531
Staff costs
€707,934▼
2024 · €793,823
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 7 | 8 | 9 | 8 |
| full-time | 6 | 6 | 8 | 9 | 8 |
| part-time | 1 | 1 | - | - | 0 |
| in full-time equivalents | 6.5 | 6.8 | 8 | 9 | 8 |
| Average over the year, in full-time equivalents | 7.5 | 6.6 | 7.5 | 8.3 | 8 |
| On a permanent contract | 7 | 7 | 8 | 9 | 8 |
| Joined | 0 | - | 2 | 1 | 0 |
| Left | 1 | - | 1 | 0 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €297,248 | €404,359 | €291,677 | €56,008 | €112,192 |
| Intangible fixed assets | - | - | - | €16,397 | €53,831 |
| Financial fixed assets | - | - | €200 | - | €0 |
| Depreciation and write-downs of the year | €49,319 | €105,503 | €120,530 | €132,923 | €132,739 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €1,065 awarded · €1,065 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.005m | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.6m | €0.7m | €0.7m | €0.8m | €0.7m | ▼ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.05m | €0.05m | €0.05m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.04m | €0 | ▼ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €0.02m | - | -€0.02m | €0.1m | - |
| Other operating charges640/8 | - | - | - | €0.006m | €0.004m | €0.004m | €0.004m | €0.006m | ▲ 41.4% |
| Non-recurring operating charges66A | - | - | - | €0.004m | - | - | - | €0.001m | - |
| Gross operating margin9900 | €1.0m | €0.8m | €0.8m | €0.8m | €1.1m | €0.9m | €1.4m | €1.2m | ▼ 8.8% |
| Operating profit (loss)9901 | €0.3m | €0.1m | €0.2m | €0.1m | €0.3m | €0.03m | €0.4m | €0.3m | ▼ 36.6% |
| Financial income75/76B | - | - | - | €0.003m | €11 | €378 | €0.001m | €0.002m | ▲ 128% |
| Recurring financial income75 | €0.02m | €0.003m | €0.01m | €0.003m | €11 | €378 | €0.001m | €0.002m | ▲ 128% |
| Financial charges65/66B | - | - | - | €0.006m | €0.01m | €0.01m | €0.03m | €0.04m | ▲ 4.1% |
| Recurring financial charges65 | €0.004m | €0.003m | €0.006m | €0.006m | €0.009m | €0.01m | €0.02m | €0.04m | ▲ 97.7% |
| Non-recurring financial charges66B | - | - | - | - | €0.001m | - | €0.02m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.1m | €0.2m | €0.1m | €0.3m | €0.02m | €0.4m | €0.2m | ▼ 39.9% |
| Income taxes67/77 | €0.1m | €0.06m | €0.06m | €0.04m | €0.09m | €63 | €0.1m | €0.05m | ▼ 48.2% |
| Profit (loss) for the period9904 | €0.2m | €0.09m | €0.1m | €0.08m | €0.2m | €0.02m | €0.3m | €0.2m | ▼ 37.0% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.09m | €0.1m | €0.08m | €0.2m | €0.02m | €0.3m | €0.2m | ▼ 37.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.2m | €1.5m | €1.7m | €1.8m | €2.0m | €2.0m | ▼ 4.5% |
| Fixed assets21/28 | €0.1m | €0.09m | €0.1m | €0.4m | €0.7m | €0.8m | €0.8m | €0.8m | ▲ 4.3% |
| Intangible fixed assets21 | - | - | - | - | - | - | €0.01m | €0.05m | ▲ 312% |
| Tangible fixed assets22/27 | €0.1m | €0.09m | €0.1m | €0.4m | €0.7m | €0.8m | €0.8m | €0.8m | ▼ 1.0% |
| Land and buildings22 | - | - | - | €400 | €0.003m | €0.002m | €0.001m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0.09m | €0.1m | €0.08m | €0.06m | €0.05m | ▼ 15.0% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.1m | €0.07m | €0.1m | ▲ 78.9% |
| Other tangible fixed assets26 | - | - | - | €0.1m | €0.4m | €0.7m | €0.6m | €0.6m | ▼ 7.9% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | - | €200 | €200 | €200 | = |
| Current assets29/58 | €0.9m | €1.0m | €1.1m | €1.2m | €1.1m | €1.0m | €1.3m | €1.2m | ▼ 9.8% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0.2m | - | - | - |
| Contracts in progress37 | - | - | - | - | - | €0.2m | - | - | - |
| Amounts receivable within one year40/41 | €0.7m | €0.7m | €0.7m | €0.5m | €0.8m | €0.7m | €0.8m | €0.6m | ▼ 30.0% |
| Trade receivables40 | - | - | - | €0.3m | €0.6m | €0.4m | €0.8m | €0.5m | ▼ 31.9% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.2m | €0.3m | €0.05m | €0.05m | ▼ 3.6% |
| Current investments50/53 | - | - | - | - | €0.1m | €0.004m | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.1m | €0.3m | €0.4m | €0.6m | €0.2m | €0.09m | €0.4m | €0.4m | ▼ 0.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.05m | €0.03m | €0.02m | ▼ 26.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.2m | €1.5m | €1.7m | €1.8m | €2.0m | €2.0m | ▼ 4.5% |
| Equity10/15 | €0.6m | €0.4m | €0.5m | €0.5m | €0.7m | €0.7m | €0.6m | €0.6m | ▲ 0.2% |
| Contributions10/11 | €0.3m | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.3m | €0.4m | €0.5m | €0.5m | €0.7m | €0.7m | €0.6m | €0.6m | ▲ 0.2% |
| Distributable reserves133 | - | - | - | €0.5m | €0.7m | €0.7m | €0.6m | €0.6m | ▲ 0.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0.02m | €0.04m | €0.04m | = |
| Provisions and deferred taxes16 | - | - | - | - | €0.02m | €0.02m | - | €0.1m | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.02m | €0.02m | - | €0.1m | - |
| Environmental obligations163 | - | - | - | - | €0.02m | €0.02m | - | - | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | - | €0.1m | - |
| Amounts payable17/49 | €0.5m | €0.7m | €0.8m | €1.0m | €1.0m | €1.1m | €1.4m | €1.2m | ▼ 16.0% |
| Amounts payable after more than one year17 | €0.02m | €0.06m | €0.2m | €0.3m | €0.4m | €0.5m | €0.4m | €0.3m | ▼ 5.2% |
| Financial debts170/4 | - | - | - | €0.3m | €0.4m | €0.5m | €0.4m | €0.3m | ▼ 5.2% |
| Amounts payable within one year42/48 | €0.5m | €0.6m | €0.6m | €0.7m | €0.6m | €0.7m | €1.1m | €0.8m | ▼ 19.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 0.6% |
| Trade debts44 | €0.3m | €0.2m | €0.1m | €0.2m | €0.1m | €0.2m | €0.3m | €0.1m | ▼ 57.0% |
| Suppliers440/4 | - | - | - | €0.2m | €0.1m | €0.2m | €0.3m | €0.1m | ▼ 57.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.1m | €0.07m | €0.3m | €0.2m | ▼ 35.5% |
| Taxes450/3 | - | - | - | €0.06m | €0.05m | €0.06m | €0.1m | €0.09m | ▼ 34.9% |
| Remuneration and social security454/9 | - | - | - | €0.09m | €0.06m | €0.01m | €0.1m | €0.07m | ▼ 36.3% |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.2m | €0.4m | €0.4m | ▲ 18.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.002m | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €177,063 | €85,297 | €106,827 | €81,812 | €208,713 | €17,899 | €280,193 | €176,601 | ▼ 37.0% |
| + Depreciation and write-downs630 | €41,649 | €45,935 | €53,908 | €49,319 | €105,503 | €120,530 | €132,923 | €132,739 | ▼ 0.1% |
| Operating cash flow (approximation) | €218,712 | €131,232 | €160,735 | €131,130 | €314,216 | €138,428 | €413,116 | €309,340 | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | -€20,012 | -€84,232 | -€291,071 | -€403,566 | -€291,877 | -€72,405 | -€166,023 | ▼ 129% |
| Change in cash | - | €113,314 | €145,924 | €178,433 | -€427,233 | -€67,133 | €338,482 | -€3,753 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as STABILOGICS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of STABILOGICS itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for STABILOGICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00368022 | |
| 31-12-2024 | abbreviated format | 20-06-2025 | 2025-00163969 | |
| 31-12-2023 | abbreviated format | 02-07-2024 | 2024-00194415 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00283544 | |
| 31-12-2021 | abbreviated format | 06-10-2022 | 2022-20454868 | |
| 31-12-2020 | abbreviated format | 25-05-2021 | 2021-15200290 | |
| 31-12-2019 | abbreviated format | 06-05-2020 | 2020-11500407 | |
| 31-12-2018 | abbreviated format | 24-06-2019 | 2019-22100104 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-56600341 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-58200580 |