Stadsmakersfonds
ActiveSummary
Stadsmakersfonds has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.22M and a net result of €-95k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17=
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity ample (current ratio 60.21 against 59.12 in 2024; short-term debt: 1.1% and cash: 3% of total assets), and 9.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.2%
Return on assets
-1.6%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
7 d early
2022
8 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.22M▲ 21.7%
2024 · €4.29M
2021: €1.46M
2022: €2.05M
2023: €3.49M
2024: €4.29M
2021 → 2025
Total assets
€5.78M▲ 19.5%
2024 · €4.84M
2021: €3.11M
2022: €2.18M
2023: €3.54M
2024: €4.84M
2021 → 2025
Net result
€-95k▼ 17.5%
2024 · €-81k
2021: €-33k
2022: €-41k
2023: €-65k
2024: €-81k
2021 → 2025
Working capital
€3.79M▲ 32.6%
2024 · €2.86M
2021: €-636k
2022: €411k
2023: €1.79M
2024: €2.86M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.46M-€2.05M▲ 39.8%€3.49M▲ 70.8%€4.29M▲ 22.8%€5.22M▲ 21.7%
Operating result€-24k-€-34k▼ 40.2%€-66k▼ 95.0%€-129k▼ 97.1%€-163k▼ 25.9%
Net result€-33k-€-41k▼ 23.7%€-65k▼ 58.3%€-81k▼ 23.7%€-95k▼ 17.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €163k in 2025 against €129k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.78M
Fixed assets
€1.93M ▼ 0.1%
Current assets
€3.86M ▲ 32.5%
Equity and liabilities €5.78M
Equity
€5.22M ▲ 21.7%
Debt
€564k ▲ 2.7%
Debt's share of the balance-sheet total falls from 11.4% to 9.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-162k▼
2024 · €-128k
Cash flow
€-93k▼
2024 · €-79k
Current ratio
60.21▲
2024 · 59.12
Debt to equity
0.11▼
2024 · 0.13
ROE
-1.8%▲
2024 · -1.9%
ROA
-1.6%▲
2024 · -1.7%
Interest coverage
-5.15▲
2024 · -30.05
Debt ≤ 1 year
€64k▲
2024 · €49k
Debt > 1 year
€500k=
2024 · €500k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.84M€5.78M▲
Fixed assets21/28€1.93M€1.93M▼
Intangible fixed assets21€3k€1k▼
Financial fixed assets28€1.92M€1.92M=
Current assets29/58€2.91M€3.86M▲
Amounts receivable after more than one year29-€1.54M
Other amounts receivable291-€1.54M
Amounts receivable within one year40/41€2.25M€2.07M▼
Trade receivables40€258k€277k▲
Other amounts receivable41€1.99M€1.79M▼
Cash at bank and in hand54/58€655k€173k▼
Deferred charges and accrued income490/1€6k€75k▲
Equity and liabilities
Total equity and liabilities10/49€4.84M€5.78M▲
Equity10/15€4.29M€5.22M▲
Contributions10/11€4.51M€5.54M▲
Profit (loss) carried forward14€-220k€-315k▼
Amounts payable17/49€549k€564k▲
Amounts payable after more than one year17€500k€500k=
Financial debts170/4€500k€500k=
Amounts payable within one year42/48€49k€64k▲
Trade debts44€46k€60k▲
Suppliers440/4€46k€60k▲
Other amounts payable47/48€3k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-127k€-160k▼
Operating profit (loss)9901€-129k€-163k▼
Financial income75/76B€53k€100k▲
Recurring financial income75€53k€100k▲
Financial charges65/66B€4k€31k▲
Recurring financial charges65€4k€31k▲
Profit (loss) for the period before taxes9903€-81k€-95k▼
Profit (loss) for the period9904€-81k€-95k▼
Profit (loss) for the period to be appropriated9905€-81k€-95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-220k€-315k▼
Profit (loss) brought forward from the previous period14P€-140k€-220k▼
The notes to these accounts (11 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
24-09
State Gazette act
Appointments: Matthias Dhondt, Piet Callens and Joachim MertensReappointments: Anneleen De Bonte, Matthias D'hondt and 3 others · Resignations: Jan Lambertyn (director) and Toon Manders (director)14 facts ▸
State Gazette act
Appointments: Matthias Dhondt, Piet Callens and Joachim Mertens
Reappointments: Anneleen De Bonte, Matthias D'hondt and 3 others · Resignations: Jan Lambertyn (director) and Toon Manders (director)14 facts ▸
- Board meeting, 25-06-2024
- Director appointment, Matthias Dhondt (chair of the board)
- General meeting, 04-06-2025
- Director appointment, Piet Callens (director)
- Director appointment, Joachim Mertens (director)
- Director reappointment, Anneleen De Bonte (director)
- Director reappointment, Matthias D'hondt (director)
- Director reappointment, Niklas Van Damme (director)
- Director reappointment, Michiel Van Balen (director)
- Director reappointment, Karel Van den Eynde (director)
- Director resignation, Jan Lambertyn (director)
- Director resignation, Toon Manders (director)
- +2 further facts in this act
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series.
31-12
Financial
Equity above €5MEq €5.22M ▲21.7%
Equity rises from €4.29M to €5.22M.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 10current ratio 42.05
Current ratio from 4.06 to 42.05; short-term debt falls from €134k to €43k.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
31-12
Financial
Liquidity times 7current ratio 4.06
Current ratio from 0.61 to 4.06; short-term debt falls from €1.64M to €134k.
31-12
Financial
Equity above €2MEq €2.05M ▲39.8%
Equity rises from €1.46M to €2.05M.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2025
This board is reconstructed from a single act (26365170). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Joachim Mertens
CurrentDirector · since 04-06-2025
Piet Callens
CurrentDirector · since 04-06-2025
Matthias Dhondt
CurrentChair of the board · since 25-06-2024
Anneleen De Bonte
CurrentDirector
Karel Van den Eynde
CurrentDirector
Matthias D'hondt
CurrentDirector
04-06-2025
Joachim Mertens: Appointed as Director
04-06-2025
Piet Callens: Appointed as Director
04-06-2025
Jan Lambertyn: Resigned as Director
04-06-2025
Toon Manders: Resigned as Director
25-06-2024
Matthias Dhondt: Appointed as Chair of the board
Location & real-estate footprint
Registered office, Leuven · 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.
Sluisstraat 79/33000 LeuvenGround area
1,959 m²
Parcel 24062A0176/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
Miss Miyagi fonds
since 20202.312.179.694
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24062A0176/00P000 | Flanders | 1,959 m² | - | - |
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.
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 1,743 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded21-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64190Financial service activities, except insurance and pension funding
68321Property management for co-owned buildings (syndics)
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.