STADE-INTER-SERVICES
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 02-07-2026 at the NBB all 48 filings
Turnover
€2.0m▼ 12.0%
2024 · €2.3m
EBIT margin
14.5%▲ 6.3pp
2024 · 8.3%
Net result
€210,514▲ 85.0%
2024 · €113,813
Working capital
€216,321▲ 79.5%
2024 · €120,546
Multi-year overview
2018 to 2025, 7 financial yearsTurnover
€2.0m
▼ 12.0%
2025
20182025
Operating result
€291,757
▲ 54.4%
2025
20182025
Net result
€210,514
▲ 85.0%
2025
highest quarter of the sector
20182025
EBIT margin
14.5%
▲ 6.3pp
2025
20182025
Equity
€2.4m
▲ 9.5%
2025
highest quarter of the sector
20182025
Total assets
€2.9m
▼ 1.7%
2025
middle half of the sector
20182025
Debt
€451,048
▼ 36.6%
2025
20182025
Working capital
€216,321
▲ 79.5%
2025
middle half of the sector
20182025
Solvency
84.3%
▲ 8.7pp
2025
highest quarter of the sector
20182025
Current ratio
1.51
▲ 0.31
2025
middle half of the sector
20182025
Return on assets (ROA)
7.3%
▲ 3.4pp
2025
middle half of the sector
20182025
Staff (FTE)
14.1
▼ 3.4%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202022202320242025
Turnover€1.5m-€1.7m▲ 13.2%€1.5m▼ 15.2%€1.9m-€2.2m▲ 16.3%€2.3m▲ 4.5%€2.0m▼ 12.0%
Operating result€0.09m-€0.05m▼ 40.2%€0.1m▲ 151%€0.1m-€0.04m▼ 61.5%€0.2m▲ 405%€0.3m▲ 54.4%
Net result€0.08m-€0.03m▼ 61.5%€0.09mwithin the sector's middle half▲ 176%€0.06mwithin the sector's middle half-€0.009mwithin the sector's middle half▼ 85.5%€0.1mwithin the sector's middle half▲ 13×€0.2mabove the sector's middle half▲ 85.0%
EBIT margin6.0%-3.2%▼ 2.8pp9.4%▲ 6.2pp5.2%-1.7%▼ 3.5pp8.3%▲ 6.6pp14.5%▲ 6.3pp
Equity€1.0m-€1.0m▲ 2.8%€1.1mabove the sector's middle half▲ 8.2%€2.1mabove the sector's middle half-€2.1mabove the sector's middle half▲ 0.4%€2.2mabove the sector's middle half▲ 5.2%€2.4mabove the sector's middle half▲ 9.5%
Total assets€2.6m-€2.3m▼ 11.6%€2.2mabove the sector's middle half▼ 2.6%€3.2mabove the sector's middle half-€3.1mabove the sector's middle half▼ 4.2%€2.9mabove the sector's middle half▼ 6.0%€2.9mwithin the sector's middle half▼ 1.7%
Debt€1.6m-€1.3m▼ 20.2%€1.1m▼ 10.9%€1.2m-€1.0m▼ 12.7%€0.7m▼ 29.4%€0.5m▼ 36.6%
Working capital-€0.3m--€0.3m▼ 24.4%-€0.07mbelow the sector's middle half▲ 76.2%-€0.1mbelow the sector's middle half--€0.09mbelow the sector's middle half▲ 20.3%€0.1mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 79.5%
Solvency37.4%-43.5%▲ 6.1pp48.4%within the sector's middle half▲ 4.9pp64.4%above the sector's middle half-67.6%above the sector's middle half▲ 3.1pp75.6%above the sector's middle half▲ 8.1pp84.3%above the sector's middle half▲ 8.7pp
Current ratio0.59-0.33▼ 0.260.83below the sector's middle half▲ 0.500.82below the sector's middle half-0.84below the sector's middle half▲ 0.031.20within the sector's middle half▲ 0.361.51within the sector's middle half▲ 0.31
Return on assets (ROA)3.1%-1.4%▼ 1.8pp3.9%within the sector's middle half▲ 2.5pp1.8%within the sector's middle half-0.3%within the sector's middle half▼ 1.5pp3.9%within the sector's middle half▲ 3.6pp7.3%within the sector's middle half▲ 3.4pp
Staff (FTE)11.5-10.9▼ 5.2%11.7within the sector's middle half▲ 7.3%12.4within the sector's middle half-12.4within the sector's middle half=14.6within the sector's middle half▲ 17.7%14.1within the sector's middle half▼ 3.4%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). 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 54% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.2m ▲ 1.1%
Current assets
€641,742 ▼ 10.5%
Equity and liabilities €2.9m
Equity
€2.4m ▲ 9.5%
Debt
€451,048 ▼ 36.6%
Debt's share of the balance-sheet total falls from 24.4% to 15.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€562,703▲
2024 · €493,949
Cash flow
€481,460▲
2024 · €418,834
Quick ratio
1.44▲
2024 · 1.16
Debt to equity
0.19▼
2024 · 0.32
ROE
8.7%▲
2024 · 5.1%
Interest coverage
60.64▲
2024 · 24.75
Debt ≤ 1 year
€425,421▼
2024 · €596,440
Debt > 1 year
€25,627▼
2024 · €115,523
Income taxes
€71,659▲
2024 · €53,985
Customer credit
23 days▼
2024 · 29 days
Supplier credit
53 days▼
2024 · 55 days
Staff costs
€624,439▼
2024 · €714,616
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 13 | 13 | 15 | 15 |
| full-time | 10 | 11 | 13 | 14 |
| part-time | 3 | 2 | 2 | 1 |
| in full-time equivalents | 12.4 | 12.6 | 14.6 | 14.8 |
| Average over the year, in full-time equivalents | 12.4 | 12.4 | 13.2 | 14.1 |
| On a permanent contract | 12 | 12 | 12 | 10 |
| Joined | - | - | 4 | 5 |
| Left | - | - | 2 | 5 |
| Agency workers, average number | - | - | 0.2 | 0.1 |
| Training hours | - | 1,112 | 1,536 | 2,622 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €330,920 | - | - | - |
| Mortgages, amount registered | €1.1m | €1.1m | €1.1m | €1.1m |
| Mortgage mandates | €368,000 | - | - | - |
| Carrying value of the mortgaged assets | €2.4m | €2.2m | €2.1m | €2.0m |
| Pledge on the business | €1.3m | €1.3m | €1.3m | €1.3m |
| Mandates to pledge the business | €1.1m | €1.1m | €1.1m | €1.1m |
| Guarantees given for others' debts | - | €1.6m | €1.6m | €1.6m |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €294,329 | €345,676 | €3,556 | €300,153 |
| Depreciation and write-downs of the year | €289,625 | €334,368 | €305,021 | €270,946 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fee for the audit | - | - | - | €6,705 |
Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.3m | €2.5m | €2.6m | €2.4m | ▼ 7.3% |
| Turnover70 | €1.5m | €1.7m | €1.5m | €1.9m | €2.2m | €2.3m | €2.0m | ▼ 12.0% |
| Other operating income74 | - | - | - | €0.4m | €0.4m | €0.3m | €0.4m | ▲ 29.7% |
| Operating charges60/66A | - | - | - | €2.2m | €2.5m | €2.4m | €2.1m | ▼ 12.2% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.9m | €1.1m | €1.0m | €0.9m | ▼ 14.6% |
| Purchases600/8 | - | - | - | €0.9m | €1.1m | €1.0m | €0.9m | ▼ 14.6% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.004m | €227 | -€0.006m | -€0.005m | ▲ 22.0% |
| Services and other goods61 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 19.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.6m | €0.7m | €0.7m | €0.6m | ▼ 12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.02m | €0.006m | €0.001m | €0.03m | ▲ 57× |
| Other operating charges640/8 | - | - | - | €0.08m | €0.1m | €0.1m | €0.1m | ▲ 2.2% |
| Non-recurring operating charges66A | - | - | - | €0.001m | €0.002m | €0.001m | - | - |
| Operating profit (loss)9901 | €0.09m | €0.05m | €0.1m | €0.1m | €0.04m | €0.2m | €0.3m | ▲ 54.4% |
| Financial income75/76B | - | - | - | €397 | €0.02m | €313 | €0.01m | ▲ 36× |
| Recurring financial income75 | €0.008m | €0.004m | €0.01m | €397 | €0.02m | €313 | €0.01m | ▲ 36× |
| Other financial income752/9 | - | - | - | €397 | €0.02m | €313 | €0.01m | ▲ 36× |
| Financial charges65/66B | - | - | - | €0.02m | €0.03m | €0.02m | €0.02m | ▼ 2.8% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | ▼ 2.8% |
| Debt charges650 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.009m | ▼ 53.5% |
| Other financial charges652/9 | - | - | - | €35 | €0.008m | €0.001m | €0.01m | ▲ 676% |
| Profit (loss) for the period before taxes9903 | €0.08m | €0.04m | €0.1m | €0.08m | €0.02m | €0.2m | €0.3m | ▲ 68.2% |
| Income taxes67/77 | - | €0.008m | €0.05m | €0.02m | €0.02m | €0.05m | €0.07m | ▲ 32.7% |
| Taxes670/3 | - | - | - | €0.02m | €0.02m | €0.05m | €0.08m | ▲ 45.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | €0.007m | - |
| Profit (loss) for the period9904 | €0.08m | €0.03m | €0.09m | €0.06m | €0.009m | €0.1m | €0.2m | ▲ 85.0% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €0.08m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.06m | €0.1m | €0.06m | €0.009m | €0.1m | €0.1m | ▲ 18.4% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.6m | €2.3m | €2.2m | €3.2m | €3.1m | €2.9m | €2.9m | ▼ 1.7% |
| Fixed assets21/28 | €2.2m | €2.1m | €1.9m | €2.7m | €2.6m | €2.2m | €2.2m | ▲ 1.1% |
| Intangible fixed assets21 | €0.001m | €349 | €69 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2.2m | €2.1m | €1.9m | €2.7m | €2.6m | €2.2m | €2.2m | ▲ 1.1% |
| Land and buildings22 | - | - | - | €2.4m | €2.2m | €2.1m | €2.0m | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.01m | €0.009m | €0.005m | ▼ 43.7% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.3m | €0.1m | €0.3m | ▲ 132% |
| Financial fixed assets28 | €107 | €107 | €107 | €0.08m | €0.05m | - | - | - |
| Affiliated companies280/1 | - | - | - | €0.08m | €0.05m | - | - | - |
| Amounts receivable281 | - | - | - | €0.08m | €0.05m | - | - | - |
| Other financial fixed assets284/8 | - | - | - | €0 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0 | - | - | - | - |
| Current assets29/58 | €0.4m | €0.2m | €0.4m | €0.5m | €0.5m | €0.7m | €0.6m | ▼ 10.5% |
| Stocks and contracts in progress3 | €0.02m | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 20.8% |
| Stocks30/36 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 20.8% |
| Goods purchased for resale34 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | ▲ 20.8% |
| Amounts receivable within one year40/41 | €0.1m | €0.06m | €0.3m | €0.3m | €0.3m | €0.2m | €0.1m | ▼ 35.6% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 29.4% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.1m | €0.03m | €0.008m | ▼ 73.4% |
| Cash at bank and in hand54/58 | €0.2m | €0.07m | €0.03m | €0.2m | €0.2m | €0.5m | €0.5m | ▼ 1.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.004m | €0.004m | €0.004m | ▼ 0.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.6m | €2.3m | €2.2m | €3.2m | €3.1m | €2.9m | €2.9m | ▼ 1.7% |
| Equity10/15 | €1.0m | €1.0m | €1.1m | €2.1m | €2.1m | €2.2m | €2.4m | ▲ 9.5% |
| Contributions10/11 | €0.8m | €0.8m | €0.8m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Capital10 | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Issued capital100 | - | - | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 31.0% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Tax-exempt reserves132 | - | - | - | €0.07m | €0.07m | €0.07m | €0.1m | ▲ 103% |
| Profit (loss) carried forward14 | -€0.003m | €0.03m | €0.1m | €0.1m | €0.1m | €0.3m | €0.4m | ▲ 52.5% |
| Provisions and deferred taxes16 | €0.006m | €0.004m | €0.002m | - | - | - | - | - |
| Amounts payable17/49 | €1.6m | €1.3m | €1.1m | €1.2m | €1.0m | €0.7m | €0.5m | ▼ 36.6% |
| Amounts payable after more than one year17 | €1.0m | €0.8m | €0.7m | €0.5m | €0.4m | €0.1m | €0.03m | ▼ 77.8% |
| Financial debts170/4 | - | - | - | €0.3m | €0.2m | €0.1m | €0.03m | ▼ 77.8% |
| Subordinated loans170 | - | - | - | €0.09m | - | - | - | - |
| Credit institutions173 | - | - | - | €0.2m | €0.2m | €0.1m | €0.03m | ▼ 77.8% |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.2m | - | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.5m | €0.4m | €0.6m | €0.6m | €0.6m | €0.4m | ▼ 28.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.1% |
| Financial debts43 | - | - | - | €0.2m | €0.3m | - | - | - |
| Credit institutions430/8 | - | - | - | €0.2m | €0.3m | - | - | - |
| Trade debts44 | €0.2m | €0.1m | €0.07m | €0.3m | €0.1m | €0.2m | €0.1m | ▼ 18.4% |
| Suppliers440/4 | - | - | - | €0.3m | €0.1m | €0.2m | €0.1m | ▼ 18.4% |
| Advances received on contracts in progress46 | - | - | - | €0.02m | €0.002m | €0.03m | €0.01m | ▼ 58.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.09m | €0.09m | €0.08m | ▼ 10.3% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 5.8% |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.07m | €0.07m | €0.06m | ▼ 14.8% |
| Other amounts payable47/48 | - | - | - | €0.001m | - | €0.2m | €0.09m | ▼ 52.8% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,360 | €31,300 | €86,242 | €59,224 | €8,598 | €113,813 | €210,514 | ▲ 85.0% |
| + Depreciation and write-downs630 | €221,543 | €287,513 | €283,673 | €289,625 | €334,368 | €305,021 | €270,946 | ▼ 11.2% |
| Operating cash flow (approximation) | €302,903 | €318,813 | €369,916 | €348,850 | €342,966 | €418,834 | €481,460 | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | -€199,194 | -€19,746 | - | -€221,104 | €109,411 | -€295,789 | - |
| Change in cash | - | -€166,579 | -€47,294 | - | -€27,926 | €318,346 | -€5,928 | - |
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, 20,136 companies had the same profile as STADE-INTER-SERVICES has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of STADE-INTER-SERVICES itself: 0.1% 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 20,136 companies, not a prediction for STADE-INTER-SERVICES. 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 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 02-07-2026 | 2026-00258061 | |
| 31-12-2024 | full format | 08-07-2025 | 2025-00250150 | |
| 31-12-2023 | full format | 10-03-2025 | 2025-00046502 | |
| 31-12-2022 | full format | 29-08-2023 | 2023-00383066 | |
| 31-12-2021 | full format | 28-06-2022 | 2022-20163175 | |
| 31-12-2020 | full format | 23-06-2021 | 2021-23700392 | |
| 31-12-2019 | full format | 20-05-2020 | 2020-12700123 | |
| 31-12-2018 | full format | 07-05-2019 | 2019-12500404 | |
| 31-12-2017 | full format | 18-07-2018 | 2018-35100596 | |
| 31-12-2016 | full format | 01-08-2017 | 2017-40500440 |