Stadmakers
ActiveStadmakers is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €164k and a net result of €22k. Equity is growing by ~40.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 2382 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2382 sector peers (2025).
NBB · sector comparisonPosition among 2382 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
65 d early
2023
14 d early
2022
67 d early
2021
100 d early
2020
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€164k▲ 15.5%
2024 · €142k
2020: €16k
2021: €58k
2022: €36k
2023: €88k
2024: €142k
2020 → 2025
Net result
€22k▼ 59.2%
2024 · €54k
2020: €16k
2021: €42k
2022: €-22k
2023: €52k
2024: €54k
2020 → 2025
Total assets
€554k▼ 0.2%
2024 · €555k
2020: €684k
2021: €412k
2022: €472k
2023: €661k
2024: €555k
2020 → 2025
Solvency
29.7%▲ 4.0pp
2024 · 25.6%
2020: 2.3%
2021: 14.1%
2022: 7.6%
2023: 13.3%
2024: 25.6%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€36k▼ 38.4%€88k▲ 146%€142k▲ 61.4%€164k▲ 15.5%
Operating result€43k-€-22k€52k€54k▲ 3.8%€21k▼ 60.5%
Net result€42k-€-22k€52k€54k▲ 3.6%€22k▼ 59.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €554k
Fixed assets
€46k▲ 53.9%
Current assets
€508k▼ 3.3%
Equity and liabilities €554k
Equity
€164k▲ 15.5%
Debt
€390k▼ 5.7%
The debt ratio falls from 74.4% to 70.3%: equity grows while debt is paid down.
Key figures and ratios
Solvency
29.7%▲
2024 · 25.6%
ROE
13.4%▼
2024 · 38.1%
ROA
4.0%▼
2024 · 9.7%
Debt
€390k▼
2024 · €413k
Debt ≤ 1 year
€318k▲
2024 · €270k
Income taxes
€333
Staff costs
€1.45M▲
2024 · €1.30M
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€555k€554k▼
Fixed assets21/28€30k€46k▲
Intangible fixed assets21€23k€33k▲
Tangible fixed assets22/27€6k€12k▲
Furniture and vehicles24€6k€12k▲
Financial fixed assets28€1k€1k=
Current assets29/58€525k€508k▼
Amounts receivable within one year40/41€244k€115k▼
Trade receivables40€45k€22k▼
Other amounts receivable41€199k€93k▼
Cash at bank and in hand54/58€274k€385k▲
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€555k€554k▼
Equity10/15€142k€164k▲
Reserves13€106k€128k▲
Profit (loss) carried forward14€36k€36k=
Amounts payable17/49€413k€390k▼
Amounts payable within one year42/48€270k€318k▲
Trade debts44€33k€47k▲
Suppliers440/4€33k€47k▲
Taxes, remuneration and social security45€237k€271k▲
Taxes450/3€52k€61k▲
Remuneration and social security454/9€184k€210k▲
Accrued charges and deferred income492/3€143k€72k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.30M€1.45M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€19k▲
Other operating charges640/8€420€0▼
Gross operating margin9900€1.37M€1.49M▲
Operating profit (loss)9901€54k€21k▼
Financial income75/76B€3€1k▲
Recurring financial income75€3€1k▲
Financial charges65/66B€235€167▼
Recurring financial charges65€235€167▼
Profit (loss) for the period before taxes9903€54k€22k▼
Income taxes67/77-€333
Profit (loss) for the period9904€54k€22k▼
Profit (loss) for the period to be appropriated9905€54k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€90k€58k▼
Profit (loss) brought forward from the previous period14P€36k€36k=
To contributions691€54k€22k▼
Social balance
Average headcount (FTE)908715.617.0▲
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-03
State Gazette act
General meeting · Dissolution
Approval · Director discharge
2025
31-12
Financial
Equity above €150kEq €164k ▲15.5%
3 profitable years in a row build equity to €164k.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €54k ▲3.6%
Operating result €54k, net result €54k, both a record.
31-12
Financial
Equity above €100kEq €142k ▲61.4%
2 profitable years in a row build equity to €142k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-22k ▼153%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
24-10-2025
Eric Van Hove: Resigned as Director
24-10-2025
Mercedes Van Volcem: Resigned as Director
24-10-2025
Nele Dekeyser: Resigned as Director
24-10-2025
Philip Van Eeckhoute: Resigned as Director
24-10-2025
Savelkoul Dominique: Resigned as Director
02-05-2023
Seppe Vanhaecke: Resigned as Director
02-05-2023
Yvan VANDAMME: Resigned as Director
01-02-2022
Tine Van Dycke: Resigned as Director
06-05-2021
Johan Penson: Resigned as Director
06-05-2021
Jorijn Neyrink: Resigned as Director
06-05-2021
Lieven Verstraete: Resigned as Director
06-05-2021
Pieter Koten: Resigned as Director
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2020
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.
Sint-Jakobsstraat 368000 BruggeGround area
1,254 m²
Building footprint
618 m²
Volume, LiDAR
9,178 m³
Parcel 31805E1225/00D000, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Stadmakers
since 20202.296.804.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31805E1225/00D000 | Flanders | 1,254 m² | 1 · 618 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2025 · 15 entries · 183,484 EUR awarded · 171,597 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 5 | 8,756 EUR | 56,201 EUR |
| 2024 | 2 | 7,000 EUR | 5,133 EUR |
| 2023 | 5 | 100,131 EUR | 106,513 EUR |
| 2022 | 3 | 67,597 EUR | 3,750 EUR |
Schemes
Subsidie in het kader van land- en tuinbouwbeleid
Cultuurwerk: Projectsubsidie voor een bovenlokaal cultuurproject (Decreet Bovenlokale Cultuurwerking 2018)
Kinderrechtenbeleid: Projectsubsidie voor een vernieuwend initiatief ter uitvoering van het Vlaams Jeugd- en Kinderrechtenbeleidsplan (Jeugddecreet 2012)
Projectsubsidie voor een initiatief in de audiovisuele of gamesector (Decreet Vlaams Audiovisueel Fonds 1999)
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
Show 1 more
Vlaams opleidingsverlof (VOV)
European Union, budget
2024 · 1 entry · 308,086 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 1 | 308,086 EUR |
Projects
101182299 - SPOON - FOOD SYSTEMS IN TRANSITION PARTICIPATORY, OPEN CITIZEN RESEARCH FOR SUSTAINABLE NUTRITION
European research
1 project · 308,086 EUR EU contributionProgrammes
HORIZON
Projects
Food Systems in transition – ParticipatOry, Open citizen research for sustainable Nutrition
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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 13,325 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded16-12-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
94999Other membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.