STAG
ActiveSummary
STAG has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295k and a net result of €14k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 25% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+2
Solvency48▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.44 in 2024; short-term debt: 74.2% and cash: 0.4% of total assets), and 77% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
23%
Return on assets
1.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
90 d late
2022
92 d late
2021
86 d late
2020
90 d late
2019
122 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14k
2024 · €-8k
Working capital
€-606k▲ 8.0%
2024 · €-658k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-20k▼ 72.0%€-68k▼ 238%€30k€-62k€-74k▼ 20.1%
Net result€-39k€7k€69k▲ 825%€-8k€14k
Equity€212k▼ 15.5%€219k▲ 3.5%€288k▲ 31.4%€281k▼ 2.7%€295k▲ 5.1%
Total assets€1.24M▼ 43.5%€1.32M▲ 6.6%€1.52M▲ 15.6%€1.45M▼ 4.6%€1.28M▼ 11.9%
Debt€1.02M▼ 47.1%€1.10M▲ 7.2%€1.24M▲ 12.5%€1.17M▼ 5.0%€986k▼ 16.0%
Working capital€-444k▲ 38.8%€-723k▼ 63.0%€-653k▲ 9.6%€-658k▼ 0.8%€-606k▲ 8.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €74k in 2025 against €62k 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 €1.28M
Fixed assets
€936k ▼ 0.3%
Current assets
€345k ▼ 33.0%
Equity and liabilities €1.28M
Equity
€295k ▲ 5.1%
Debt
€986k ▼ 16.0%
Debt's share of the balance-sheet total falls from 80.7% to 77.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-71k▼
2024 · €-59k
Cash flow
€17k▲
2024 · €-5k
Current ratio
0.36▼
2024 · 0.44
Debt to equity
3.34▼
2024 · 4.18
ROE
4.9%▲
2024 · -2.8%
ROA
1.1%▲
2024 · -0.5%
Interest coverage
-1.87▼
2024 · -1.40
Debt ≤ 1 year
€951k▼
2024 · €1.17M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €22k | €3k | €3k | €3k | = |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €64k | ▲ 4,626% |
| Non-recurring operating charges66A | - | €6 | - | - | - | - |
| Gross operating margin9900 | €4k | €-45k | €34k | €-57k | €-7k | ▲ 87.7% |
| Operating profit (loss)9901 | €-20k | €-68k | €30k | €-62k | €-74k | ▼ 20.1% |
| Financial income75/76B | €272k | €103k | €84k | €96k | €126k | ▲ 31.9% |
| Recurring financial income75 | €272k | €103k | €84k | €96k | €126k | ▲ 31.9% |
| Financial charges65/66B | €291k | €23k | €45k | €42k | €38k | ▼ 9.3% |
| Recurring financial charges65 | €11k | €23k | €45k | €42k | €38k | ▼ 9.3% |
| Non-recurring financial charges66B | €280k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-39k | €12k | €69k | €-8k | €14k | ▲ 285% |
| Income taxes67/77 | - | €4k | - | - | - | - |
| Profit (loss) for the period9904 | €-39k | €7k | €69k | €-8k | €14k | ▲ 285% |
| Profit (loss) for the period to be appropriated9905 | €-39k | €7k | €69k | €-8k | €14k | ▲ 285% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.24M | €1.32M | €1.52M | €1.45M | €1.28M | ▼ 11.9% |
| Fixed assets21/28 | €968k | €946k | €943k | €939k | €936k | ▼ 0.3% |
| Tangible fixed assets22/27 | €67k | €45k | €42k | €39k | €36k | ▼ 7.7% |
| Land and buildings22 | €48k | €45k | €42k | €39k | €36k | ▼ 7.7% |
| Plant, machinery and equipment23 | €420 | €60 | - | - | - | - |
| Furniture and vehicles24 | €19k | - | - | - | - | - |
| Financial fixed assets28 | €901k | €901k | €901k | €900k | €900k | = |
| Current assets29/58 | €269k | €372k | €581k | €515k | €345k | ▼ 33.0% |
| Amounts receivable within one year40/41 | €247k | €349k | €355k | €390k | €340k | ▼ 12.8% |
| Trade receivables40 | €29k | €2k | €87k | €125k | - | - |
| Other amounts receivable41 | €218k | €347k | €269k | €265k | €340k | ▲ 28.3% |
| Current investments50/53 | €5 | €5 | €155k | €4 | €5 | ▲ 23.3% |
| Cash at bank and in hand54/58 | €21k | €22k | €70k | €125k | €5k | ▼ 95.7% |
| Deferred charges and accrued income490/1 | €864 | €720 | €765 | €806 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.24M | €1.32M | €1.52M | €1.45M | €1.28M | ▼ 11.9% |
| Equity10/15 | €212k | €219k | €288k | €281k | €295k | ▲ 5.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €36k | €36k | €36k | €36k | €36k | = |
| Non-distributable reserves130/1 | €36k | €36k | €36k | €36k | €36k | = |
| Reserves not available under the articles1311 | €36k | €36k | €36k | €36k | €36k | = |
| Profit (loss) carried forward14 | €157k | €165k | €233k | €226k | €240k | ▲ 6.4% |
| Amounts payable17/49 | €1.02M | €1.10M | €1.24M | €1.17M | €986k | ▼ 16.0% |
| Amounts payable after more than one year17 | €312k | €3k | €886 | - | - | - |
| Financial debts170/4 | €10k | - | - | - | - | - |
| Other amounts payable178/9 | €302k | €3k | €886 | - | - | - |
| Amounts payable within one year42/48 | €712k | €1.10M | €1.23M | €1.17M | €951k | ▼ 19.0% |
| Current portion of amounts payable after more than one year42 | €29k | €3k | - | - | - | - |
| Trade debts44 | €82k | €135k | €58k | €131k | €62k | ▼ 52.4% |
| Suppliers440/4 | €82k | €135k | €58k | €131k | €62k | ▼ 52.4% |
| Taxes, remuneration and social security45 | €2k | €4k | - | - | - | - |
| Taxes450/3 | €2k | €4k | - | - | - | - |
| Other amounts payable47/48 | €599k | €952k | €1.18M | €1.04M | €888k | ▼ 14.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €35k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-39k | €7k | €69k | €-8k | €14k | ▲ 285% |
| + Depreciation and write-downs630 | €23k | €22k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €-16k | €30k | €72k | €-5k | €17k | ▲ 466% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €610 | €0 | ▼ 100% |
| Change in cash | - | €1k | €48k | €54k | €-119k | ▼ 320% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 90 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 86 days late
2021
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
31-12
Financial
Back to profitnet €206k
Net result €206k after one loss-making year.
31-12
Financial
Equity above €200kEq €251k ▲454%
Equity rises from €45k to €251k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
Show earlier events
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 72 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
11-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 133 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2013
Ground area
3,899 m²
Building footprint
1,612 m²
Volume, LiDAR
24,292 m³
2 parcels, Wallonia · tallest building 20.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
STAG
since 20132.217.423.364
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57031B0211/00F002 | Wallonia | 3,352 m² | 1 · 1,340 m² | 20.9 m · 5 fl. |
| 57462D0462/00C008 | Wallonia | 547 m² | 1 · 272 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 38,235 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
Phone
069/84.84.95
Scores and ratios are computed by Checked and are not a credit decision.