STAGE ONE
STAGE ONE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €-3k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €18k |
| Net result | €-3k |
| Better than sector | 23% |
| Active | 18 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 11.9% | 50.2% | |
| Net result | €-3k | €6k | |
| Equity | €18k | €44k | |
| Gross operating margin | €9k | €25k | |
| Total assets | €153k | €107k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | €38k | €384k |
| EBITDA | €1k | €149k | €-48k | €12k |
| Net profit | €-3k | €107k | €-90k | €-21k |
| Cash flow | €-697 | €142k | €-50k | €12k |
| Staff costs | - | - | - | - |
| Income taxes | €1k | €7k | €288 | €120 |
| Dividends | - | - | - | - |
| Total assets | €153k | €494k | €126k | €203k |
| Equity | €18k | €20k | €-87k | €3k |
| Debt | €135k | €474k | €213k | €199k |
| of which ≤ 1y | €135k | €474k | €213k | €199k |
| of which > 1y | - | - | - | - |
| Working capital | €-64k | €-35k | €-178k | €-70k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.52 | 0.93 | 0.16 | 0.65 |
| Quick ratio | 0.52 | 0.93 | 0.16 | 0.65 |
| Working capital ratio | -42.1% | -7.1% | -141.3% | -34.8% |
| Solvency | 11.9% | 4.1% | -68.9% | 1.7% |
| Debt / equity | 7.37 | 23.62 | -2.45 | 58.19 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 0.22 | 152.01 | -20.63 | 8.43 |
| Gross margin | - | - | -128.4% | 3.8% |
| Net margin | - | - | -239.9% | -5.5% |
| ROA | -2.1% | 21.7% | -71.6% | -10.3% |
| ROE | -17.6% | 533.5% | 103.9% | -612.0% |
| EBITDA margin | - | - | -127.1% | 3.2% |
| Days sales outstanding | - | - | 290d | 101d |
| Days payable outstanding | - | - | 683d | 171d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €153k | €494k | €126k | €203k |
| Fixed assets | 21/28 | €83k | €55k | €91k | €74k |
| Tangible fixed assets | 22/27 | €81k | €53k | €88k | €65k |
| Financial fixed assets | 28 | €2k | €2k | €3k | €9k |
| Current assets | 29/58 | €70k | €439k | €35k | €129k |
| Amounts receivable within one year | 40/41 | €68k | €437k | €30k | €128k |
| Cash & bank | 54/58 | €2k | €1k | €5k | €878 |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €153k | €494k | €126k | €203k |
| Equity | 10/15 | €18k | €20k | €-87k | €3k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €4k | €6k | €-101k | €-11k |
| Amounts payable | 17/49 | €135k | €474k | €213k | €199k |
| Amounts payable within one year | 42/48 | €135k | €474k | €213k | €199k |
| Trade debts payable within one year | 44 | €86k | €271k | €161k | €173k |
| Income statement | |||||
| Turnover | 70 | - | - | €38k | €384k |
| Gross operating margin | 9900 | €9k | €152k | €-45k | €16k |
| Operating result | 9901 | €-1k | €115k | €-88k | €-21k |
| Financial income | 75 | €5k | €119 | €0 | €1k |
| Financial charges | 65 | €6k | €982 | €2k | €1k |
| Result before taxes | 9903 | €-2k | €114k | €-90k | €-21k |
| Income taxes | 67/77 | €1k | €7k | €288 | €120 |
| Net result for the period | 9904 | €-3k | €107k | €-90k | €-21k |
| Result to be appropriated | 9905 | €-3k | €107k | €-90k | €-21k |
| NACE primary | Promotion and organisation of arts and performing arts events(90391) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 27-08-2008 |
| Status | Active |
| Postal code | 4000 |
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-06-2022 Registered office moved from Bruxelles to Liège
- Avenue de la Toison d'Or 1060 Bruxelles → Rue Albert Mockel 3, 4000 Liège
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue Albert Mockel 3, 4000 Li\u00E8ge",
"city": "Li\u00E8ge",
"region": "waals_gewest",
"street": "Rue Albert Mockel",
"country": "BE",
"postcode": "4000",
"box_number": null,
"street_number": "3",
"locality_suffix": null
},
"old_address": {
"raw": "Avenue de la Toison d\u0027Or 1060 Bruxelles",
"city": "Bruxelles",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Avenue de la Toison d\u0027Or",
"country": "BE",
"postcode": "1060",
"box_number": null,
"street_number": "1060",
"locality_suffix": null
},
"effective_date": "2022-04-04",
"evidence_quote": "En date du 04 Avril 2022, l\u0027assembl\u00E9e g\u00E9n\u00E9rale prend acte du transfert du si\u00E8ge social de Avenue de la Toison d\u0027Or, B-1060 BRUXELLES vers l\u0027adresse suivante Rue Albert Mockel 3, 4000 Li\u00E8ge.",
"region_changed": true,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": 274,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-06-17",
"filing_date": "2022-06-09",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2022-06-09",
"unanimous": true
},
"subject_company": {
"kbo": "0899.999.751",
"name_full": "STAGE ONE SPRL",
"legal_form": "SPRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "LEVEAUX Patrick",
"org_rep_person_name": null,
"person_role_at_subject": "G\u00E9rant"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}| Legal nameFR | STAGE ONE |