STAIRWELL DEVELOPMENT
ActiveSTAIRWELL DEVELOPMENT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €10k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 36% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+4
Solvency42▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.08 against 2.06 in 2024; short-term debt: 32.1% and cash: 13.2% of total assets), but 83.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-09-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
14 d early
2023
29 d late
2022
46 d early
2021
33 d early
2020
36 d early
2019
43 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€106k▲ 10.0%
2024 · €97k
2019: €89k
2020: €90k
2021: €27k
2022: €97k
2023: €98k
2024: €97k
2019 → 2025
Total assets
€634k▼ 60.0%
2024 · €1.58M
2019: €742k
2020: €868k
2021: €771k
2022: €355k
2023: €402k
2024: €1.58M
2019 → 2025
Net result
€10k
2024 · €-2k
2019: €5k
2020: €637
2021: €-63k
2022: €70k
2023: €2k
2024: €-2k
2019 → 2025
Working capital
€423k▼ 47.7%
2024 · €809k
2019: €134k
2020: €98k
2021: €39k
2022: €119k
2023: €362k
2024: €809k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€97k▲ 261%€98k▲ 1.7%€97k▼ 1.8%€106k▲ 10.0%
Operating result€-62k-€74k€4k▼ 94.6%€50k▲ 1,140%€86k▲ 73.1%
Net result€-63k-€70k€2k▼ 97.6%€-2k€10k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 73% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €634k
Fixed assets
€7k▼ 27.7%
Current assets
€627k▼ 60.2%
Equity and liabilities €634k
Equity
€106k▲ 10.0%
Debt
€528k▼ 64.5%
The debt ratio falls from 93.9% to 83.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€89k▲
2024 · €52k
Cash flow
€12k▲
2024 · €660
Solvency
16.7%▲
2024 · 6.1%
Current ratio
3.08▲
2024 · 2.06
Quick ratio
0.42▲
2024 · 0.22
Debt / equity
4.97▼
2024 · 15.42
ROE
9.1%▲
2024 · -1.9%
ROA
1.5%▲
2024 · -0.1%
Interest coverage
1.19▲
2024 · 1.04
Debt
€528k▼
2024 · €1.49M
Debt ≤ 1 year
€204k▼
2024 · €765k
Debt > 1 year
€315k▼
2024 · €700k
Income taxes
€2k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€634k▼
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€1k€908▼
Financial fixed assets28€3k€3k=
Current assets29/58€1.57M€627k▼
Stocks and contracts in progress3€1.41M€541k▼
Stocks30/36€1.28M€541k▼
Contracts in progress37€123k-
Amounts receivable within one year40/41€49k€2k▼
Trade receivables40€44k-
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€117k€84k▼
Deferred charges and accrued income490/1€193-
Equity and liabilities
Total equity and liabilities10/49€1.58M€634k▼
Equity10/15€97k€106k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€29k€39k▲
Amounts payable17/49€1.49M€528k▼
Amounts payable after more than one year17€700k€315k▼
Financial debts170/4€650k€265k▼
Other amounts payable178/9€50k€50k=
Amounts payable within one year42/48€765k€204k▼
Financial debts43€576k-
Credit institutions430/8€576k-
Trade debts44€65k€96k▲
Suppliers440/4€65k€96k▲
Taxes, remuneration and social security45€1k€79k▲
Taxes450/3€1k€79k▲
Other amounts payable47/48€124k€29k▼
Accrued charges and deferred income492/3€22k€9k▼
Income statement
Code20242025
Non-recurring operating income76A€646-
Remuneration, social security and pensions62€24k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€506€1k▲
Gross operating margin9900€77k€90k▲
Operating profit (loss)9901€50k€86k▲
Financial income75/76B€10€1▼
Recurring financial income75€10€1▼
Financial charges65/66B€50k€75k▲
Recurring financial charges65€50k€75k▲
Profit (loss) for the period before taxes9903€-648€12k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€-2k€10k▲
Profit (loss) for the period to be appropriated9905€-2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€39k▲
Profit (loss) brought forward from the previous period14P€31k€29k▼
Social balance
Average headcount (FTE)90870.7-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-03
Financial
Equity above €100kEq €106k ▲10%
Equity rises from €97k to €106k.
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
31-03
Financial
Liquidity times 18current ratio 27.97
Current ratio from 1.57 to 27.97; short-term debt falls from €208k to €13k.
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-63k ▼9997%
Net result drops to €-63k, the lowest in the series; recovery starts the following year.
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kattendijkdok-Westkaai 612000 AntwerpenGround area
1.5 ha
Building footprint
480 m²
Volume, LiDAR
16,243 m³
Parcel 11807G0129/05_000, Flanders · tallest building 65.5 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
STAIRWELL DEVELOPMENT
since 20152.240.574.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0129/05_000 | Flanders | 1.5 ha | 1 · 480 m² | 65.5 m · 12 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DBL MAINTENANCE
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Of 3,768 companies in sector 68321 we hold annual accounts for 1,391. 990 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-03-2015
Fiscal year end31-03
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.