STABLEGEAR
ActiveThe annual accounts of STABLEGEAR for fiscal year 2025 show a net loss of 78% of total assets and of 89% of the equity at the start of that year. The 2025 annual accounts show equity of €16k and a net result of €-140k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 4149 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-67
Solvency34▼-25
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.06 against 1.47 in 2024; short-term debt: 90.3% and cash: 1.9% of total assets), and 90.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
9.2%
Return on assets
-78.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4149 sector peers (2025).
NBB · sector comparisonPosition among 4149 sector peers
Solvency
better than 20%
← weakest
strongest →
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
138 d late
2022
1 d early
2021
on the day
2020
1 d late
2019
10 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€563k
EBIT margin
0.9%
Net result
€-140k
2024 · €20k
2019: €-98k
2020: €2k
2021: €30k
2022: €-8k
2023: €21k
2024: €20k
2019 → 2025
Working capital
€9k▼ 93.8%
2024 · €144k
2019: €72k
2020: €82k
2021: €113k
2022: €106k
2023: €115k
2024: €144k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€123k-€115k▼ 6.8%€136k▲ 18.3%€156k▲ 14.6%€16k▼ 89.5%
Operating result€37k-€-6k€35k€33k▼ 5.6%€-133k
Net result€30k-€-8k€21k€20k▼ 6.0%€-140k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €133k after €33k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€8k▼ 41.9%
Current assets
€171k▼ 61.9%
Equity and liabilities €179k
Equity
€16k▼ 89.5%
Debt
€162k▼ 46.9%
The debt ratio rises from 66.2% to 90.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-126k▼
2024 · €41k
Cash flow
€-133k▼
2024 · €28k
Solvency
9.2%▼
2024 · 33.8%
Current ratio
1.06▼
2024 · 1.47
Quick ratio
0.11▼
2024 · 0.79
Debt / equity
9.87▲
2024 · 1.96
ROE
-848.5%▼
2024 · 12.7%
ROA
-78.1%▼
2024 · 4.3%
Interest coverage
-19.06▼
2024 · 5.11
Debt
€162k▼
2024 · €306k
Debt ≤ 1 year
€162k▼
2024 · €304k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€462k€179k▼
Fixed assets21/28€14k€8k▼
Tangible fixed assets22/27€12k€6k▼
Furniture and vehicles24€12k€6k▼
Financial fixed assets28€3k€3k=
Current assets29/58€448k€171k▼
Stocks and contracts in progress3€209k€153k▼
Stocks30/36€209k€153k▼
Amounts receivable within one year40/41€207k€12k▼
Trade receivables40€197k€11k▼
Other amounts receivable41€10k€2k▼
Cash at bank and in hand54/58€29k€3k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€462k€179k▼
Equity10/15€156k€16k▼
Contributions10/11€20k€20k=
Reserves13€94k€94k=
Distributable reserves133€94k€94k=
Profit (loss) carried forward14€42k€-97k▼
Amounts payable17/49€306k€162k▼
Amounts payable within one year42/48€304k€162k▼
Financial debts43€95k-
Credit institutions430/8€95k-
Trade debts44€99k€122k▲
Suppliers440/4€99k€122k▲
Advances received on contracts in progress46€11k€2k▼
Taxes, remuneration and social security45€35k€11k▼
Taxes450/3€35k€11k▼
Other amounts payable47/48€65k€26k▼
Accrued charges and deferred income492/3€2k€876▼
Income statement
Code20242025
Non-recurring operating income76A-€17
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€40k
Other operating charges640/8€2k€5k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€43k€-79k▼
Operating profit (loss)9901€33k€-133k▼
Financial income75/76B€48€34▼
Recurring financial income75€48€34▼
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Non-recurring financial charges66B-€499
Profit (loss) for the period before taxes9903€25k€-140k▼
Income taxes67/77€5k-
Profit (loss) for the period9904€20k€-140k▼
Profit (loss) for the period to be appropriated9905€20k€-140k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€-97k▼
Profit (loss) brought forward from the previous period14P€22k€42k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €-140k ▼803%
Net result drops to €-140k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €150kEq €156k ▲14.6%
2 profitable years in a row build equity to €156k.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 138 days late
2023
30-06
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €30k ▲1298%
Operating result €37k, net result €30k, both a record.
30-06
Financial
Equity above €100kEq €123k ▲32.5%
2 profitable years in a row build equity to €123k.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 298 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Elsene · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 3431050 ElseneGround area
652 m²
Building footprint
269 m²
Volume, LiDAR
3,348 m³
2 parcels, Brussels, Flanders · tallest building 37.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
JOEKYS
since 19972.081.858.342
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0472/00Y003 | Flanders | 362 m² | 1 · 125 m² | 10.7 m · 2 fl. |
| 21807G0215/00D000 | Brussels | 290 m² | 1 · 144 m² | 37.8 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
REWILD OUTFIT
BE 0797.205.188
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SPORTS DISTRIBUTION
BE 0634.928.346
Trooz · Eq €17k
The Golferie
BE 0803.800.297
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DVA Management
BE 1005.689.664
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LEFEBVRE SAILMAKERS
BE 0748.993.913
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Of 1,314 companies in sector 47639 we hold annual accounts for 624. 357 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-1997
Fiscal year end30-06
Legal name FR
ANTARES SELLIER Belgique
Activities, NACEBEL
47639Retail sale of other sporting goods
47640Retail trade
47722Retail trade
52424
01220Crop and animal production, hunting and related service activities
01430Raising of horses and other equines
47713Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:arnaud@stablegear.be