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STAFFABLE BELGIE

Active Public limited companyfounded 2010active for 15 yearsKortrijksesteenweg 1095, 9051 GhentKBO/BCE: BE 0831.191.416 subsidiary of OFFIX PAYROLL#1 employer in East Flanders, Administrative and support services sector
Part of the group PARTENA - SECRETARIAT SOCIAL D'EMPLOYEURS - PARTENA - SOCIAAL SECRETARIAAT VOOR werkgevers 24 companies in 2 countries
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Lifetime

15 annual accounts with figures on one time axis
peak €10.9m (2018)
-not published
lowest -€31,139 (2012)
€1.0m▲ 3.7%
peak €4.7m (2024)
€3.7m▼ 20.3%
€2.7m▲ 1.5%
peak 5,255.9 FTE (2023)
778.2 FTE▼ 2.5%
Board15 names since 2020all names
5 directorsOffix Payroll BV and 4 others
Owners3 names in the annual accounts
59.5%OFFIX PAYROLL and 1 other
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
2 directors appointed, 2 resignations 27-02Dividend €2.0mEquity from €4.7m to €3.7m

Key points

from the 2025 annual accounts

Equity

€3.7m ▼ 20.3%
4.72024+1.0Profit-2.0Dividend3.72025

STAFFABLE BELGIE paid out €2.0m in dividends. That is 191% of the 2025 profit.

Investments

€23,090 1.7 × depreciation
2021202220232025

Green is investment, beige is depreciation.

Staff

778.2 FTE from 5,255.9 in 2023

Between 2023 and 2025, 85% of the full-time equivalents disappeared.

Payment terms

77 days to suppliers
Suppliers
109 to 77
Customers
39 to 28

STAFFABLE BELGIE pays its suppliers 32 days earlier than in 2024. Customers pay 11 days earlier.

Filings

15 annual accounts since 2011
AprilJune31 JulyOctober201520202025

Six of the last ten came late. The 2021 accounts came latest: 108 days after the end of the period.

Position in the sector

€1.0m

Higher net result than 84% of companies in employment activities. Sector median €40,969 · 316 companies.

Checked score

97
Excellent
Financially stronger than 73% of large companies in employment activities (NACE 78)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.3% across 70 companies (NACE 78, large).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: 0.1%▲ +0.1 percentage points vs 08-2026 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

83-6equity 58.0% of total assets
81-3short-term debt 40.8% · cash 48.8%
72+3return on assets 16.2%

Score breakdown

lowers risk
Liquidity: current ratio 2.44, cash €3.2m
Equity €3.7m (58.0% of total assets)
Founded in 2010
Size: turnover €33.3m, 778.2 FTE, total assets €6.5m
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 78, large). It does better than 84% of them on solvency, 91% on liquidity, 83% on profitability and 35% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 449 companies had the same profile as STAFFABLE BELGIE has now. Each dot is one company, two years later.

96.9%
were still trading
3.1%
stopped another way
0.0%
went bankrupt
  • Large
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
  • without age

That fits the bankruptcy probability of STAFFABLE BELGIE itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 449 companies, not a prediction for STAFFABLE BELGIE. 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.

Credit verdict

Credit of up to €360,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.44 (2.76 in 2024), above the usual 1.5. Short-term debt is 40.8% and cash 48.8% of total assets. 42% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 2.44, cash €3.2m
NBB · annual accounts
lowers risk · Equity €3.7m (58.0% of total assets)
NBB · annual accounts
lowers risk · Founded in 2010
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €33.3m, 778.2 FTE, total assets €6.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
28 days early
2023
37 days early
2022
11 days early
2021
108 days late
2020
31 days late
2019
68 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PI
Chair, Katleen Clappaert
ES
Managing director, Roeland Van Dessel
E
Managing director, Katleen Clappaert
DP
Managing director
H
Director, Guy van Meegeren, since 19-12-2024
EB
Auditor, Daniel Wuyts
and 1 otherBoard & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0831191416
New statutory auditor EY Bedrijfsrevisoren appointed, DPO Bedrijfsrevisoren BVBA resigned · Permanent representative: Daniel Wuyts · General meeting of 28-11-2025 · Gazette deed
2 directors appointed, 2 resignations Resignations: P-INVEST NV and HORECAFOCUS BRUWAL BV · Permanent representatives: Katleen Clappaert and Guy van Meegeren · Appointments: EASYPAY NV (managing director) and HORECAFOCUS BV · General meeting of 19-12-2024 · Gazette deed
New managing director EASY-SERVICES NV appointed, OFFIX PAYROLL SOLUTIONS bv resigned · Permanent representatives: Bruno Ronsse, Roeland Van Dessel, Katleen Clappaert, Hans Van Grunderbeeck and Guy Van Meegeren · General meeting of 28-05-2024 · Gazette deed
All 37 events

Comparable companies

same main activity, similar in size and age
Company
STAFFABLE BELGIE Ghent €33.3m 4.5% 58.0% 778.2
Digital Payroll Services Ghent €31.2m 2.4% 6.7% 609.5
ABSOLUTE@WORK Roeselare €20.8m 0.9% 12.3% 514.5
JobFIXers Ghent €39.6m 5.7% 21.3% 546.3
ReCrewtment Antwerp €46.2m 1.1% 25.8% 709.2
PEPS INTERIM Mons €28.0m 1.2% 12.3% 376.2
TEAM-ONE EMPLOYMENT SPECIALISTS Herstal €46.0m 8.8% 20.9% 533.7
-10%0%10%20%€5m€50m€500mSTAFFABLE BELGIEEBIT margin

Grey: the largest companies of the sector (employment activities (NACE 78)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as STAFFABLE BELGIE: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €4.5m and €9.6m, founded between 2003 and 2017.

Official details

Source: KBO
Status
Active since 18-11-2010Normal situation
Activity
Temporary employment agencies and other provision of personnelNACE 78200and 4 others
Joint committees
322Temporary agency work and approved local services
200Auxiliary committee for white-collar workers
302Hotels and catering · annual accounts 2023
Establishment units
2.300.461.9952600 Antwerp, since 01-03-2020
2.314.716.5429051 Ghent, since 20-01-2021and 2 others
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€6.5m▼ 12.3%
Employeeson 31-12-2025
395▼ 21.0%
Filing
Filed on 26-06-2026, 35 days before the end of the filing period
Financials

Insights on STAFFABLE BELGIE

STAFFABLE BELGIE has existed since 2010. In 2012 the gross margin rose from €32,405 to €583,324.

Solvency fell in 2025 from 63.7% to 58.0% because of the dividend.

OFFIX PAYROLL holds 59.5% of the shares. In February 2025, the Official Gazette published the appointment of EASYPAY as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about STAFFABLE BELGIE

What is the company number of STAFFABLE BELGIE?
The company number of STAFFABLE BELGIE is 0831.191.416. The VAT number is the same number with BE in front: BE 0831.191.416.
Where is STAFFABLE BELGIE based?
The registered office is at Kortrijksesteenweg 1095, 9051 Ghent.Company details
What does STAFFABLE BELGIE do?
According to the KBO register, the main activity is temporary employment agencies and other provision of personnel (NACE 78200).
What is the legal form of STAFFABLE BELGIE?
STAFFABLE BELGIE is a public limited company (NV).
When was STAFFABLE BELGIE founded?
STAFFABLE BELGIE was founded on 18-11-2010.
Is STAFFABLE BELGIE still active?
Yes, STAFFABLE BELGIE is an active enterprise in the KBO register.
How many employees does STAFFABLE BELGIE have?
STAFFABLE BELGIE had an average of 778.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does STAFFABLE BELGIE fall under?
In its 2023 annual accounts, STAFFABLE BELGIE states joint committees 322 (Temporary agency work and approved local services), 200 (Auxiliary committee for white-collar workers) and 302 (Hotels and catering).
What is the turnover of STAFFABLE BELGIE?
The turnover of STAFFABLE BELGIE was €33.3m in financial year 2025, according to the filed annual accounts.
Is STAFFABLE BELGIE profitable?
In financial year 2025, STAFFABLE BELGIE made a profit of €1.0m.
Where can I find the annual accounts of STAFFABLE BELGIE?
STAFFABLE BELGIE filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of STAFFABLE BELGIE due?
STAFFABLE BELGIE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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