Active BE 0685.701.512Private limited company

STACON

Lindebosstraat 50 ·3600 Genk, Belgium· 8 yrs active

Sector: Engineering and related technical consultancy, excluding land surveyors (71121)

Conclusion Checked

STACON has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €87k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 9197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€47k
Net result	€87k
Better than sector	52%
Active	8 yrs

Financial profile 5 of 5 axes measured · computed by Checked

94 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 100

Solvency 98

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2017, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€5k

estimate, not credit advice

Score history

93 2021

100 2022

73 2023

76 2024

93 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.21 (≥ 1.5) +10

Quick ratio Quick ratio 2.21 (≥ 1.0) +5

Leverage Debt/equity 0.76 (< 1.0) +10

Profitability ROE 183% (≥ 10%) +10

Interest coverage Interest coverage 276.5× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~3.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	56.9%	54.7%	better than 52% of 9197 sector peers
Net result	€87k	€17k	better than 90% of 9199 sector peers
Equity	€47k	€67k	better than 41% of 9201 sector peers
Gross operating margin	€118k	€40k	better than 83% of 9189 sector peers
Staff costs	€7k	€33k	higher than 33% of 1739 sector peers

EBITDA

€111k

-37.3% 21-25

Net profit

€87k

-35.6% 21-25

Cash flow

€89k

-35.5% 21-25

Total assets

€83k

-47.3% 21-25

Equity

€47k

+32.4% 21-25

Working capital

€43k

+45.7% 21-25

Staff costs

€7k

- 21-25

Income taxes

€23k

-42.5% 21-25

Dividends

€75k

-37.5% 21-25

Debt

€36k

-70.6% 21-25

Debt ≤ 1y

€36k

-70.6% 21-25

Current ratio

2.21

+77.6% 21-25

Quick ratio

2.21

+77.6% 21-25

Solvency

56.9%

+151.3% 21-25

Debt / equity

0.76

-77.8% 21-25

ROE

182.7%

-51.3% 21-25

ROA

103.9%

+22.3% 21-25

Interest coverage

276.54

-85.8% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€111k	€176k	€74k	€70k	€38k
Net profit	€87k	€134k	€54k	€51k	€28k
Cash flow	€89k	€137k	€60k	€55k	€30k
Staff costs	€7k	-	-	-	-
Income taxes	€23k	€40k	€15k	€14k	€8k
Dividends	€75k	€120k	€130k	€800	€32k
Total assets	€83k	€158k	€107k	€108k	€55k
Equity	€47k	€36k	€21k	€97k	€47k
Debt	€36k	€122k	€86k	€11k	€8k
of which ≤ 1y	€36k	€122k	€86k	€11k	€8k
of which > 1y	-	-	-	-	-
Working capital	€43k	€30k	€16k	€90k	€37k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	2.21	1.24	1.18	9.02	5.40
Quick ratio	2.21	1.24	1.18	9.02	5.40
Working capital ratio	52.2%	18.9%	14.5%	83.5%	67.0%
Solvency	56.9%	22.6%	19.9%	89.6%	84.8%
Debt / equity	0.76	3.42	4.02	0.12	0.18
Long-term debt ratio	-	-	-	-	-
Interest coverage	276.54	1949.52	789.78	825.92	162.60
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	103.9%	84.9%	50.6%	47.2%	50.9%
ROE	182.7%	375.3%	253.9%	52.7%	60.1%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €4k · 4.7% Current assets €79k · 95.3%

Equity & liabilities

Equity €47k · 56.9% Debt €36k · 43.2%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€83k	€158k	€107k	€108k	€55k
Fixed assets	21/28	€4k	€6k	€6k	€7k	€10k
Tangible fixed assets	22/27	€4k	€6k	€6k	€7k	€10k
Current assets	29/58	€79k	€152k	€102k	€102k	€45k
Amounts receivable within one year	40/41	€26k	€60k	€21k	€44k	€22k
Cash & bank	54/58	€51k	€88k	€76k	€57k	€21k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€83k	€158k	€107k	€108k	€55k
Equity	10/15	€47k	€36k	€21k	€97k	€47k
Contributions / capital	10/11	€19k	€19k	€19k	€19k	€19k
Reserves	13	€14k	€2k	€2k	€2k	€2k
Accumulated profits (losses)	14	€15k	€15k	€652	€76k	€26k
Amounts payable	17/49	€36k	€122k	€86k	€11k	€8k
Amounts payable within one year	42/48	€36k	€122k	€86k	€11k	€8k
Trade debts payable within one year	44	€201	€70	€2k	€108	€321
Income statement
Gross operating margin	9900	€118k	€181k	€76k	€71k	€40k
Operating result	9901	€109k	€173k	€69k	€66k	€37k
Financial income	75	€2k	€1k	€468	€7	€0
Financial charges	65	€400	€90	€94	€84	€236
Result before taxes	9903	€110k	€175k	€69k	€65k	€36k
Income taxes	67/77	€23k	€40k	€15k	€14k	€8k
Net result for the period	9904	€87k	€134k	€54k	€51k	€28k
Result to be appropriated	9905	€87k	€134k	€54k	€51k	€28k

Directors & mandates 2 directors

Former directors (2)

KERKHOFS Carmen
Manager
State Gazette act 23471959 (22-12-2023)

Former
- → 22-12-2023
VAES Kristoff
Manager
State Gazette act 23471959 (22-12-2023)

Former
- → 22-12-2023

Legal Structure

NACE primary	Engineering and related technical consultancy, excluding land surveyors(71121)
Legal form	Private limited company(610)
Incorporation	07-12-2017
Status	Active
Postal code	3600

Establishment units 1 location

STACON

Lindebosstraat 50, 3600 GenkEngineering and related technical consultancy, excluding land surveyors

since 20172.270.852.647

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71303C0486/00N000	Flanders	2,437 m²	1 · 81 m²	19.6 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

All 10Financial 1Gazette 1Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

19-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2021net €134k ▲147%

Operating result €173k, net result €134k, both a record.

25-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

22-12

State Gazette act Director changes

Jan Van Gorp

09-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

07-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

28-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

03-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

08-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

22-12-2023 2 resigning Director changes·Jan Van Gorp

VAES Kristoff, Zaakvoerder
KERKHOFS Carmen, Zaakvoerder

Notary: Jan Van Gorp · Diest

Original publication ↗

Technical details

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      "role": "zaakvoerder",
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        "name": "VAES Kristoff",
        "address": "3600 Genk, Lindebosstraat 50",
        "birth_date": null,
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      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": false,
      "effective_date": null,
      "evidence_quote": "",
      "decharge_status": "pending_next_agm",
      "mandate_duration": null,
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    },
    {
      "kind": "director_out",
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      "person": {
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      },
      "reason": null,
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      "decharge_status": "pending_next_agm",
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    },
    {
      "kind": "board_snapshot",
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      "rep_rotation_new_rep": null,
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      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Jan Van Gorp",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Diest",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-22",
    "filing_date": "2023-12-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-12-18",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0685.701.512",
    "name_full": "STACON",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "expeditie van de akte"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Engineering and related technical consultancy, excluding land surveyors71121

Names & trade names

Legal nameNL

STACON

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