Equity
€3.9m ▼ 39.8%
Stageco Belgium paid out €4.0m in dividends. That is 281% of the 2025 profit.
Stageco Belgium
Lifetime
19 annual accounts with figures on one time axis, 27 filings since 1999peak €57.6m (2024)
€33.2m▼ 42.5%
lowest -€1.1m (2020)
€1.4m▼ 63.2%
peak €6.5m (2024)
€3.9m▼ 39.8%
€9.4m▲ 17.6%
peak 75.1 FTE (2024)
73.4 FTE▼ 2.3%
Board10 names since 2017
5 directorsDE MEYER Hedwig Franciscus Henri and 4 others
Owners2 names in the annual accounts
99.54%CLOSED CIRCLE
Documentsfilings and deeds
01-09-202632 days late
2025financial year
Turnover from €57.6m to €33.2mResult from €3.9m to €1.4mRegistered office moved to Haacht 03-03Dividend €4.0mEquity from €6.5m to €3.9mDebts from €8.0m to €9.4m
Key points
from the 2025 annual accountsResult
€1.4m ▼ 63.2%
The result fell in 2025 from €3.9m to €1.4m.
Staff
72 employees on 31-12-2025
In 2025, 12 people joined and 17 left. On top of that, 8 agency workers worked there on average.
Filings
27 annual accounts since 1999
Ten of the last ten came late. The 2023 accounts came latest: 142 days after the end of the period.
Board
1 left
A director left. Latest change 01-12-2025 · 5 in office.
Position in the sector
€1.4m
Higher net result than 85% of companies in rental and leasing. Sector median €54,482 · 544 companies.
Checked score
90
Excellent
Financially stronger than 53% of medium-sized companies in rental and leasing (NACE 77)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 95 companies (NACE 77, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.1%▼ -0.5 percentage points vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.2 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -0.5 percentage points 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 03-2026lowest value
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 32 days late; 3 of the last 3 accounts late
lowers risk
Size: turnover €33.2m, 73.4 FTE, total assets €13.8m
Liquidity: current ratio 1.55, cash €6.6m
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 77, medium-sized). It does better than 51% of them on solvency, 92% on liquidity, 61% on profitability and 7% 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, 378 companies had the same profile as Stageco Belgium has now. Each dot is one company, two years later.
97.4%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of Stageco Belgium itself: 0.2% 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.
| 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 378 companies, not a prediction for Stageco Belgium. 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 €350,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.55 (2.12 in 2024), above the usual 1.5. Short-term debt is 62.2% and cash 47.7% of total assets. However, 71.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 32 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
32 days late
2024
61 days late
2023
142 days late
2022
85 days late
2021
44 days late
2020
31 days late
2019
61 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 65 days after the deadline. In the sector (NACE 77), the median for financial year 2024 was 3 days before the deadline, and 39% 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 30 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CLOSED CIRCLE 99.54%equity €34.9m (2025) · 2025 annual accounts of CLOSED CIRCLE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464612677
Permanent representative: Frank Vandelanotte
Resignation: Maria De Rijck (director) · Gazette deed
Registered office moved to Haacht
New registered office: Klein Terbankstraat 65, 3150 Haacht · Resignation: MAN2PRO (managing director) · Permanent representatives: WILLEMS Hans Kurt Willy and DE MEYER Hedwig Franciscus Henri · General meeting of 11-02-2025 · Gazette deed
2 directors appointed, 1 resignation, 1 statutory auditor reappointed, 3 reappointments
Reappointments: Derycke,Catry & Co Bedrijfsrevisoren BV (statutory auditor); Geert VANDERSTUKKEN; Hedwig DE MEYER (chair of the board) and Katleen De Meyer · Appointments: Katleen De Meyer and MAN2PRO (managing director) · Permanent representatives: Hans WILLEMS and Geert VANDERSTUKKEN · General meeting of 08-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Stageco Belgium Haacht | €33.2m | 6.8% | 28.3% | 73.4 |
| WOLFTECH Machelen (Brab.) | €14.0m | 3.3% | 11.6% | 36.5 |
| LOXAM Vilvoorde | €29.0m | -13.3% | -22.0% | 128.2 |
| JCS- INVEST Temse | - | - | 84.6% | - |
| PHLIPPO PRODUCTIONS Lier | €10.9m | 4.8% | 67.1% | 21 |
| VICHA INVEST Antwerp | - | - | 16.0% | - |
| RESIDENZ AG Raeren | - | - | 64.1% | - |
Grey: the largest companies of the sector (rental and leasing (NACE 77)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Stageco Belgium: renting and leasing of other personal and household goods (NACE 77229). They are comparable in size and age: total assets between €3.4m and €38m, founded between 1983 and 2003.
Official details
Source: KBO- Status
- Active since 24-11-1998Normal situation
- Activity
- Renting and leasing of other personal and household goodsNACE 77229and 1 other
- Establishment unit
- 2.089.412.2663150 Haacht, since 27-11-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €13.8m▼ 7.5%
- Employeeson 31-12-2025
- 72▼ 6.5%
- Filing
- Filed on 01-09-2026
Insights on Stageco Belgium
Stageco Belgium has existed since 1998. Turnover fell from €38.6m in 2019 to €4.5m in 2020.
Solvency fell in 2025 from 43.4% to 28.3% because of the dividend.
CLOSED CIRCLE holds all the shares. In March 2025, the Official Gazette published the appointment of DE MEYER Hedwig Franciscus Henri 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 Stageco Belgium
- What is the company number of Stageco Belgium?
- The company number of Stageco Belgium is 0464.612.677. The VAT number is the same number with BE in front: BE 0464.612.677.
- Where is Stageco Belgium based?
- The registered office is at Klein Terbankstraat 65, 3150 Haacht.Company details
- What does Stageco Belgium do?
- According to the KBO register, the main activity is renting and leasing of other personal and household goods (NACE 77229).
- What is the legal form of Stageco Belgium?
- Stageco Belgium is a public limited company (NV).
- When was Stageco Belgium founded?
- Stageco Belgium was founded on 24-11-1998.
- Is Stageco Belgium still active?
- Yes, Stageco Belgium is an active enterprise in the KBO register.
- How many employees does Stageco Belgium have?
- Stageco Belgium had an average of 73.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Stageco Belgium?
- The turnover of Stageco Belgium was €33.2m in financial year 2025, according to the filed annual accounts.
- Is Stageco Belgium profitable?
- In financial year 2025, Stageco Belgium made a profit of €1.4m.
- Where can I find the annual accounts of Stageco Belgium?
- Stageco Belgium filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Stageco Belgium due?
- Stageco Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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