STAGE SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of STAGE SOLUTIONS is 1.8% (moderate). The 2024 annual accounts show equity of €146,377 and a net result of -€62,904. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 2467 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▼-21
Solvency59▼-9
Growth52=
Track record84
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.47 against 0.65 in 2023; short-term debt: 55.8% and cash: 7% of total assets), and 65.8% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.2%
Return on assets
-14.7%
Age of the figures
21 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€62,904
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-03-2026, 217 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
217 d late
2023
582 d late
2022
948 d late
2021
61 d late
2020
61 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 316 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-compliance×2
History
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Financials · fiscal year 2024, micro schema
Equity
€146,377▼ 30.1%
2023 · €209,282
Total assets
€427,946▼ 11.4%
2023 · €482,783
Net result
-€62,904▼ 228%
2023 · -€19,167
Working capital
-€126,119▼ 73.0%
2023 · -€72,921
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€21,373€43,088€9,825▼ 77.2%-€16,088-€34,862▼ 117%
Net result€8,003within the sector's middle half▼ 85.0%€37,739above the sector's middle half▲ 372%€6,924within the sector's middle half▼ 81.7%-€19,167below the sector's middle half-€62,904below the sector's middle half▼ 228%
Equity€183,786above the sector's middle half▲ 4.6%€221,526above the sector's middle half▲ 20.5%€228,449above the sector's middle half▲ 3.1%€209,282above the sector's middle half▼ 8.4%€146,377above the sector's middle half▼ 30.1%
Total assets€354,449above the sector's middle half▲ 18.7%€412,250above the sector's middle half▲ 16.3%€419,615above the sector's middle half▲ 1.8%€482,783above the sector's middle half▲ 15.1%€427,946above the sector's middle half▼ 11.4%
Debt€170,663▲ 38.8%€190,724▲ 11.8%€191,165▲ 0.2%€273,501▲ 43.1%€281,569▲ 2.9%
Working capital€23,734within the sector's middle half▲ 864%€12,662within the sector's middle half▼ 46.7%-€40,803below the sector's middle half-€72,921below the sector's middle half▼ 78.7%-€126,119below the sector's middle half▼ 73.0%
Solvency51.9%within the sector's middle half▼ 7.0pp53.7%within the sector's middle half▲ 1.9pp54.4%within the sector's middle half▲ 0.7pp43.3%within the sector's middle half▼ 11.1pp34.2%within the sector's middle half▼ 9.1pp
Current ratio1.17within the sector's middle half▲ 0.151.08within the sector's middle half▼ 0.100.77below the sector's middle half▼ 0.300.65below the sector's middle half▼ 0.120.47below the sector's middle half▼ 0.18
Return on assets (ROA)2.3%within the sector's middle half▼ 15.6pp9.2%within the sector's middle half▲ 6.9pp1.7%within the sector's middle half▼ 7.5pp-4.0%within the sector's middle half▼ 5.6pp-14.7%below the sector's middle half▼ 10.7pp
Staff (FTE)0.6below the sector's middle half▼ 14.3%1.1▲ 83.3%1.3▲ 18.2%1.9▲ 46.2%1.9=
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34,862 in 2024 against €16,088 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €427,946
Fixed assets
€315,078 ▼ 8.6%
Current assets
€112,868 ▼ 18.2%
Equity and liabilities €427,946
Equity
€146,377 ▼ 30.1%
Debt
€281,569 ▲ 2.9%
Debt's share of the balance-sheet total rises from 56.7% to 65.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€30,772▼
2023 · €60,711
Cash flow
€2,729▼
2023 · €57,631
Debt to equity
1.92▲
2023 · 1.31
ROE
-43.0%▼
2023 · -9.2%
Interest coverage
5.08▼
2023 · 18.95
Debt ≤ 1 year
€238,987▲
2023 · €210,831
Debt > 1 year
€39,991▼
2023 · €62,670
Income taxes
€22,436▲
2023 · €0
Staff costs
€105,358▲
2023 · €84,568
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,815 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €30,443 | €46,701 | €84,568 | €105,358 | ▲ 24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,772 | €45,232 | €55,913 | €76,799 | €65,634 | ▼ 14.5% |
| Other operating charges640/8 | - | €48,859 | €4,623 | €14,483 | €12,467 | ▼ 13.9% |
| Non-recurring operating charges66A | - | - | €609 | €0 | - | - |
| Gross operating margin9900 | €65,739 | €167,622 | €117,671 | €159,762 | €148,597 | ▼ 7.0% |
| Operating profit (loss)9901 | -€21,373 | €43,088 | €9,825 | -€16,088 | -€34,862 | ▼ 117% |
| Financial income75/76B | - | €81 | €1,384 | €123 | €454 | ▲ 268% |
| Recurring financial income75 | €31,835 | €81 | €1,384 | €123 | €454 | ▲ 268% |
| Financial charges65/66B | - | €1,181 | €1,672 | €3,203 | €6,060 | ▲ 89.2% |
| Recurring financial charges65 | €1,208 | €1,181 | €1,672 | €3,203 | €6,060 | ▲ 89.2% |
| Profit (loss) for the period before taxes9903 | €9,253 | €41,989 | €9,537 | -€19,167 | -€40,468 | ▼ 111% |
| Income taxes67/77 | €1,250 | €4,250 | €2,613 | €0 | €22,436 | - |
| Profit (loss) for the period9904 | €8,003 | €37,739 | €6,924 | -€19,167 | -€62,904 | ▼ 228% |
| Profit (loss) for the period to be appropriated9905 | €8,003 | €37,739 | €6,924 | -€19,167 | -€62,904 | ▼ 228% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354,449 | €412,250 | €419,615 | €482,783 | €427,946 | ▼ 11.4% |
| Fixed assets21/28 | €193,302 | €231,614 | €281,742 | €344,874 | €315,078 | ▼ 8.6% |
| Tangible fixed assets22/27 | €124,252 | €169,762 | €219,890 | €283,022 | €253,226 | ▼ 10.5% |
| Plant, machinery and equipment23 | - | €150,905 | €205,419 | €238,859 | €218,365 | ▼ 8.6% |
| Furniture and vehicles24 | - | €18,857 | €14,471 | €44,163 | €34,861 | ▼ 21.1% |
| Financial fixed assets28 | €69,050 | €61,852 | €61,852 | €61,852 | €61,852 | = |
| Current assets29/58 | €161,147 | €180,636 | €137,873 | €137,909 | €112,868 | ▼ 18.2% |
| Amounts receivable within one year40/41 | €133,508 | €123,329 | €125,373 | €103,168 | €73,620 | ▼ 28.6% |
| Trade receivables40 | - | €122,509 | €120,338 | €101,475 | €63,082 | ▼ 37.8% |
| Other amounts receivable41 | - | €820 | €5,035 | €1,693 | €10,538 | ▲ 522% |
| Cash at bank and in hand54/58 | €6,721 | €50,796 | €6,628 | €23,665 | €30,121 | ▲ 27.3% |
| Deferred charges and accrued income490/1 | - | €6,512 | €5,873 | €11,076 | €9,127 | ▼ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354,449 | €412,250 | €419,615 | €482,783 | €427,946 | ▼ 11.4% |
| Equity10/15 | €183,786 | €221,526 | €228,449 | €209,282 | €146,377 | ▼ 30.1% |
| Contributions10/11 | - | €13,300 | €13,300 | €13,300 | €13,300 | = |
| Reserves13 | €162,458 | €200,197 | €200,197 | €200,197 | €200,197 | = |
| Non-distributable reserves130/1 | - | €149 | €149 | €149 | €149 | = |
| Reserves not available under the articles1311 | - | €149 | €149 | €149 | €149 | = |
| Distributable reserves133 | - | €200,048 | €200,048 | €200,048 | €200,048 | = |
| Profit (loss) carried forward14 | €8,029 | €8,029 | €14,953 | -€4,215 | -€67,119 | ▼ 1,492% |
| Amounts payable17/49 | €170,663 | €190,724 | €191,165 | €273,501 | €281,569 | ▲ 2.9% |
| Amounts payable after more than one year17 | €33,250 | €22,750 | €12,489 | €62,670 | €39,991 | ▼ 36.2% |
| Financial debts170/4 | - | €22,750 | €12,489 | €62,670 | €39,991 | ▼ 36.2% |
| Amounts payable within one year42/48 | €137,413 | €167,974 | €178,676 | €210,831 | €238,987 | ▲ 13.4% |
| Current portion of amounts payable after more than one year42 | - | €10,500 | €10,588 | €35,589 | €22,680 | ▼ 36.3% |
| Financial debts43 | - | €140 | €204 | €440 | €1,000 | ▲ 127% |
| Credit institutions430/8 | - | €140 | €204 | €440 | €1,000 | ▲ 127% |
| Trade debts44 | €22,961 | €54,980 | €46,513 | €46,324 | €87,296 | ▲ 88.4% |
| Suppliers440/4 | - | €54,980 | €46,513 | €46,324 | €87,296 | ▲ 88.4% |
| Taxes, remuneration and social security45 | - | €44,621 | €32,494 | €33,331 | €38,816 | ▲ 16.5% |
| Taxes450/3 | - | €37,426 | €22,890 | €17,642 | €23,801 | ▲ 34.9% |
| Remuneration and social security454/9 | - | €7,196 | €9,604 | €15,689 | €15,015 | ▼ 4.3% |
| Other amounts payable47/48 | - | €57,733 | €88,877 | €95,146 | €89,195 | ▼ 6.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,591 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,003 | €37,739 | €6,924 | -€19,167 | -€62,904 | ▼ 228% |
| + Depreciation and write-downs630 | €46,772 | €45,232 | €55,913 | €76,799 | €65,634 | ▼ 14.5% |
| Operating cash flow (approximation) | €54,775 | €82,971 | €62,837 | €57,631 | €2,729 | ▼ 95.3% |
| Investment in fixed assets (approximation) | - | -€83,543 | -€106,041 | -€139,930 | -€35,838 | ▲ 74.4% |
| Change in cash | - | €44,075 | -€44,168 | €17,037 | €6,456 | ▼ 62.1% |
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
2026
03-04
KBO administration
UBO non-compliance
event 23-03-2026
27-03
KBO administration
UBO non-compliance
event 15-03-2026
23-03
Bankruptcy
Judicial dissolution, liquidator appointed
Ondernemingsrechtbank Brussel · event 30-01-2026
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 217 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 582 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 948 days late
2024
31-12
Financial
Weakest financial yearnet -€62,904
Net result drops to -€62,904, the lowest in the series.
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €200,000Eq €221,526 ▲20.5%
4 profitable years in a row build equity to €221,526.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €53,368 ▲32.1%
Operating result €77,201, net result €53,368, both a record.
Show earlier events
31-12
Financial
Equity above €150,000Eq €175,783 ▲43.6%
2 profitable years in a row build equity to €175,783.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
17-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beersel · 1 establishment unit since 2009
Ground area
326 m²
Building footprint
78 m²
Volume, LiDAR
591 m³
Parcel 23035A0378/00H003, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Leonarduslaan 1, 1654 Beersel
since 20092.181.746.566
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23035A0378/00H003 | Flanders | 326 m² | 1 · 78 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
32.94%
According to the 2024 annual accounts of STAGE SOLUTIONS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 671 companies in sector 90392 we hold annual accounts for 207. 162 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 (pre-2019)
Founded31-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
77399Renting and leasing of other machinery, equipment and tangible goods
90392Design and construction of stages and sets
90393Specialised image, lighting and sound technical services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817491650
Also
9925:BE0817491650
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.