Stagmat
ActiveSummary
Stagmat has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €618,661 and a net result of €184,986. Equity is growing by ~45% per year across the filed fiscal years. Its solvency ranks better than 71% of 3330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency93▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 2.72 in 2024; short-term debt: 31.8% and cash: 5.9% of total assets), and 31.8% of the assets are financed with debt.
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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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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
68.2%
Return on assets
20.4%
Age of the figures
9 mo
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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
54 d late
2022
31 d late
2021
100 d late
2020
89 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 58 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€618,661▲ 42.7%
2024 · €433,675
Total assets
€906,950▲ 37.3%
2024 · €660,720
Net result
€184,986▼ 28.6%
2024 · €258,978
Working capital
€424,076▲ 8.6%
2024 · €390,325
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20212022202320242025
Operating result€181,192▲ 487%€180,476▼ 0.4%€422,345▲ 134%€350,440▼ 17.0%€258,802▼ 26.1%
Net result€132,823within the sector's middle half▲ 417%€132,344within the sector's middle half▼ 0.4%€304,237above the sector's middle half▲ 130%€258,978within the sector's middle half▼ 14.9%€184,986within the sector's middle half▼ 28.6%
Equity€120,649within the sector's middle half▲ 92.4%€20,460below the sector's middle half▼ 83.0%€324,697within the sector's middle half▲ 1,487%€433,675within the sector's middle half▲ 33.6%€618,661within the sector's middle half▲ 42.7%
Total assets€190,577below the sector's middle half▲ 47.9%€249,993below the sector's middle half▲ 31.2%€455,414below the sector's middle half▲ 82.2%€660,720within the sector's middle half▲ 45.1%€906,950within the sector's middle half▲ 37.3%
Debt€69,928▲ 5.8%€229,533▲ 228%€130,717▼ 43.1%€227,045▲ 73.7%€288,290▲ 27.0%
Working capital€115,118within the sector's middle half▲ 84.9%€13,193below the sector's middle half▼ 88.5%€268,456within the sector's middle half▲ 1,935%€390,325within the sector's middle half▲ 45.4%€424,076within the sector's middle half▲ 8.6%
Solvency63.3%within the sector's middle half▲ 14.6pp8.2%below the sector's middle half▼ 55.1pp71.3%above the sector's middle half▲ 63.1pp65.6%within the sector's middle half▼ 5.7pp68.2%within the sector's middle half▲ 2.6pp
Current ratio2.65within the sector's middle half▲ 0.691.06within the sector's middle half▼ 1.593.05within the sector's middle half▲ 2.002.72within the sector's middle half▼ 0.332.47within the sector's middle half▼ 0.25
Return on assets (ROA)69.7%above the sector's middle half▲ 49.7pp52.9%above the sector's middle half▼ 16.8pp66.8%above the sector's middle half▲ 13.9pp39.2%above the sector's middle half▼ 27.6pp20.4%within the sector's middle half▼ 18.8pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result +417% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €906,950
Fixed assets
€194,585 ▲ 349%
Current assets
€712,366 ▲ 15.4%
Equity and liabilities €906,950
Equity
€618,661 ▲ 42.7%
Debt
€288,290 ▲ 27.0%
Debt's share of the balance-sheet total falls from 34.4% to 31.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€271,693▼
2024 · €363,332
Cash flow
€197,877▼
2024 · €271,869
Debt to equity
0.47▼
2024 · 0.52
ROE
29.9%▼
2024 · 59.7%
Interest coverage
330.46▼
2024 · 4472.32
Debt ≤ 1 year
€288,290▲
2024 · €227,045
Income taxes
€73,590▼
2024 · €92,769
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 6,778 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €721 | €922 | €8,871 | €12,891 | €12,891 | = |
| Other operating charges640/8 | €847 | €717 | €982 | €5,413 | €1,599 | ▼ 70.5% |
| Gross operating margin9900 | €182,761 | €182,115 | €432,198 | €368,745 | €273,292 | ▼ 25.9% |
| Operating profit (loss)9901 | €181,192 | €180,476 | €422,345 | €350,440 | €258,802 | ▼ 26.1% |
| Financial income75/76B | €353 | €0 | €50 | €1,388 | €596 | ▼ 57.0% |
| Recurring financial income75 | €353 | €0 | €50 | €1,388 | €596 | ▼ 57.0% |
| Financial charges65/66B | €164 | €227 | €1,288 | €81 | €822 | ▲ 912% |
| Recurring financial charges65 | €164 | €227 | €1,288 | €81 | €822 | ▲ 912% |
| Profit (loss) for the period before taxes9903 | €181,382 | €180,249 | €421,107 | €351,747 | €258,576 | ▼ 26.5% |
| Income taxes67/77 | €48,560 | €47,905 | €116,870 | €92,769 | €73,590 | ▼ 20.7% |
| Profit (loss) for the period9904 | €132,823 | €132,344 | €304,237 | €258,978 | €184,986 | ▼ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €132,823 | €132,344 | €304,237 | €258,978 | €184,986 | ▼ 28.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,577 | €249,993 | €455,414 | €660,720 | €906,950 | ▲ 37.3% |
| Fixed assets21/28 | €5,532 | €7,267 | €56,241 | €43,349 | €194,585 | ▲ 349% |
| Intangible fixed assets21 | €577 | €77 | - | - | - | - |
| Tangible fixed assets22/27 | - | €2,235 | €55,241 | €42,349 | €193,585 | ▲ 357% |
| Furniture and vehicles24 | - | €2,235 | €55,241 | €42,349 | €29,458 | ▼ 30.4% |
| Assets under construction and advance payments27 | - | - | - | - | €164,127 | - |
| Financial fixed assets28 | €4,955 | €4,955 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €185,045 | €242,727 | €399,173 | €617,371 | €712,366 | ▲ 15.4% |
| Amounts receivable after more than one year29 | €25,500 | - | - | - | - | - |
| Other amounts receivable291 | €25,500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €62,492 | €120,615 | €317,793 | €505,299 | €657,969 | ▲ 30.2% |
| Trade receivables40 | €58,267 | €117,766 | €302,760 | €378,242 | €650,841 | ▲ 72.1% |
| Other amounts receivable41 | €4,224 | €2,849 | €15,033 | €127,057 | €7,128 | ▼ 94.4% |
| Current investments50/53 | €2,500 | €2,500 | - | - | - | - |
| Cash at bank and in hand54/58 | €94,262 | €119,611 | €80,995 | €111,740 | €53,897 | ▼ 51.8% |
| Deferred charges and accrued income490/1 | €292 | - | €386 | €331 | €501 | ▲ 51.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,577 | €249,993 | €455,414 | €660,720 | €906,950 | ▲ 37.3% |
| Equity10/15 | €120,649 | €20,460 | €324,697 | €433,675 | €618,661 | ▲ 42.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €100,456 | €1,860 | €306,097 | €415,075 | €600,061 | ▲ 44.6% |
| Non-distributable reserves130/1 | €1,860 | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €98,596 | €1,860 | €304,237 | €413,215 | €598,201 | ▲ 44.8% |
| Profit (loss) carried forward14 | €1,593 | - | - | - | - | - |
| Amounts payable17/49 | €69,928 | €229,533 | €130,717 | €227,045 | €288,290 | ▲ 27.0% |
| Amounts payable within one year42/48 | €69,928 | €229,533 | €130,717 | €227,045 | €288,290 | ▲ 27.0% |
| Current portion of amounts payable after more than one year42 | €850 | - | - | - | - | - |
| Trade debts44 | €6,820 | €3,609 | €1,665 | €3,051 | €165,676 | ▲ 5,330% |
| Suppliers440/4 | €6,820 | €3,609 | €1,665 | €3,051 | €165,676 | ▲ 5,330% |
| Taxes, remuneration and social security45 | €59,227 | €105,820 | €129,052 | €96,494 | €122,614 | ▲ 27.1% |
| Taxes450/3 | €59,227 | €105,820 | €129,052 | €96,494 | €122,614 | ▲ 27.1% |
| Other amounts payable47/48 | €3,030 | €120,104 | - | €127,500 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €132,823 | €132,344 | €304,237 | €258,978 | €184,986 | ▼ 28.6% |
| + Depreciation and write-downs630 | €721 | €922 | €8,871 | €12,891 | €12,891 | = |
| Operating cash flow (approximation) | €133,543 | €133,266 | €313,108 | €271,869 | €197,877 | ▼ 27.2% |
| Investment in fixed assets (approximation) | - | -€2,657 | -€57,845 | €0 | -€164,127 | - |
| Change in cash | - | €25,350 | -€38,617 | €30,746 | -€57,844 | ▼ 288% |
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 · abbreviated schema · 31 days late
2025
31-12
Financial
Equity above €500,000Eq €618,661 ▲42.7%
8 profitable years in a row build equity to €618,661.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 54 days late
2023
31-12
Financial
Highest result since 2018net €304,237 ▲130%
Operating result €422,345, net result €304,237, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.05
Current ratio from 1.06 to 3.05; short-term debt falls from €229,533 to €130,717.
31-12
Financial
Equity above €200,000Eq €324,697 ▲1,487%
6 profitable years in a row build equity to €324,697.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 100 days late
2021
31-12
Financial
Equity above €100,000Eq €120,649 ▲92.4%
4 profitable years in a row build equity to €120,649.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €22,474 ▼14.2%
Net result drops to €22,474, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.66
Current ratio from 1.82 to 3.66; short-term debt falls from €40,290 to €24,772.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial 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, Brussel · 2 establishment units since 2017
Ground area
482 m²
Building footprint
271 m²
Volume, LiDAR
5,205 m³
2 parcels, Brussels, Flanders · tallest building 32.9 m, ±10 floors. Linked by address, not a title deed.
2 establishment units
Stagmat
since 20172.263.204.988
Stagmat
since 20202.301.281.250
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0201/00Y006 | Flanders | 300 m² | 1 · 116 m² | 10.0 m · 2 fl. |
| 21804D1419/00L002 | Brussels | 182 m² | 1 · 155 m² | 32.9 m · 10 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2025 annual accounts of Stagmat 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.
Similar companies · same sector, comparable size
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ROEL VALKENBORGH
BE 0860.752.759
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DONEA MARIE-PIERRE-AVOCAT
BE 0895.579.620
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BART BRONDERS
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,061. 5,431 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
Founded29-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673723693
Also
9925:BE0673723693
Registered
25-11-2025
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.