STAL DE BRUYNE
ActiveSummary
STAL DE BRUYNE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-93k) and a net result of €2k. Equity is shrinking by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 2304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-4
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.32 in 2024; short-term debt: 80.9% and cash: 17.7% of total assets), and equity is negative.
Credit check for your own amount and term
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 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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 2025Solvency, return and age of the figures
Solvency
-35.8%
Return on assets
0.6%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 2304 sector peers (2025).
NBB · sector comparisonPosition among 2304 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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 · 10 filingsDeviation from the deadline
2025
38 d late
2024
30 d late
2023
31 d late
2022
31 d late
2021
48 d late
2020
46 d late
2019
23 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-93k▲ 1.6%
2024 · €-95k
2018: €-8k
2019: €2k
2020: €-19k
2021: €-90k
2022: €-125k
2023: €-106k
2024: €-95k
2018 → 2025
Total assets
€260k▼ 11.6%
2024 · €294k
2018: €429k
2019: €411k
2020: €376k
2021: €332k
2022: €323k
2023: €316k
2024: €294k
2018 → 2025
Net result
€2k▼ 86.3%
2024 · €11k
2018: €10k
2019: €10k
2020: €-21k
2021: €-72k
2022: €-35k
2023: €20k
2024: €11k
2018 → 2025
Working capital
€-147k▲ 2.4%
2024 · €-150k
2018: €-28k
2019: €-19k
2020: €-57k
2021: €-124k
2022: €-164k
2023: €-166k
2024: €-150k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-90k-€-125k▼ 39.3%€-106k▲ 15.6%€-95k▲ 10.5%€-93k▲ 1.6%
Operating result€-64k-€-28k▲ 56.8%€27k€17k▼ 39.7%€6k▼ 61.4%
Net result€-72k-€-35k▲ 50.5%€20k€11k▼ 43.2%€2k▼ 86.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260k
Fixed assets
€196k ▼ 12.4%
Current assets
€64k ▼ 9.0%
Key figures and ratios
EBITDA
€34k▼
2024 · €46k
Cash flow
€30k▼
2024 · €41k
Solvency
-35.8%▼
2024 · -32.2%
Current ratio
0.30▼
2024 · 0.32
Debt to equity
-3.79▲
2024 · -4.11
ROA
0.6%▼
2024 · 3.8%
Interest coverage
6.92▼
2024 · 8.55
Debt
€353k▼
2024 · €389k
Debt ≤ 1 year
€210k▼
2024 · €220k
Debt > 1 year
€143k▼
2024 · €169k
Staff costs
€41k▼
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€294k€260k▼
Fixed assets21/28€224k€196k▼
Tangible fixed assets22/27€224k€196k▼
Land and buildings22€220k€195k▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€2k€1k▼
Financial fixed assets28-€135
Current assets29/58€70k€64k▼
Amounts receivable within one year40/41€14k€6k▼
Trade receivables40€14k€6k▼
Cash at bank and in hand54/58€54k€46k▼
Deferred charges and accrued income490/1€1k€11k▲
Equity and liabilities
Total equity and liabilities10/49€294k€260k▼
Equity10/15€-95k€-93k▲
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-107k€-106k▲
Amounts payable17/49€389k€353k▼
Amounts payable after more than one year17€169k€143k▼
Financial debts170/4€169k€143k▼
Amounts payable within one year42/48€220k€210k▼
Current portion of amounts payable after more than one year42€25k€26k▲
Trade debts44€3k€14k▲
Suppliers440/4€3k€14k▲
Advances received on contracts in progress46€400-
Taxes, remuneration and social security45€6k€10k▲
Taxes450/3€2k€5k▲
Remuneration and social security454/9€5k€6k▲
Other amounts payable47/48€185k€161k▼
Income statement
Code20242025
Remuneration, social security and pensions62€43k€41k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€28k▼
Other operating charges640/8€6k€8k▲
Gross operating margin9900€95k€83k▼
Operating profit (loss)9901€17k€6k▼
Financial income75/76B€0€126▲
Recurring financial income75€0€126▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€11k€2k▼
Profit (loss) for the period9904€11k€2k▼
Profit (loss) for the period to be appropriated9905€11k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-107k€-106k▲
Profit (loss) brought forward from the previous period14P€-118k€-107k▲
The notes to these accounts (7 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
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
17-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 48 days late
2021
31-12
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2020
23-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 23 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-07
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
3 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, Evergem · 1 establishment unit since 2012
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.
Moleneinde 109940 EvergemGround area
4,227 m²
Building footprint
158 m²
Volume, LiDAR
537 m³
Parcel 44019C0458/00H000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
STAL DE BRUYNE
since 20122.207.109.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019C0458/00H000 | Flanders | 4,227 m² | 1 · 158 m² | 5.7 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvergem2.207.109.690
Similar companies · same sector, comparable size
Crins & Sabots
BE 0798.489.350
Estaimpuis · Eq €2,494
LA BLANCHE FONTAINE
BE 0439.387.630
Vielsalm · Eq €2,644
EquiSource Ponyclub
BE 0704.875.442
Mortsel · Eq €2,100
CENTRE EQUESTRE DES JONQUIERES
BE 0446.999.952
Ciney · Eq €2,769
'T BOONHOF
BE 0472.380.201
Nijlen · Eq €3,190
Of 830 companies in sector 93127 we hold annual accounts for 196. 68 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
93127Equestrian clubs
01430Raising of horses and other equines
01610Support activities for crop production
56309Food and beverage service activities
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.