STAL NAESSENS
ActiveSummary
STAL NAESSENS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €287k and a net result of €35k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 24% of 1736 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+3
Solvency47▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.35 in 2024; short-term debt: 57.3% and cash: 3% of total assets), and 78.5% of the assets are financed with debt.
Credit advice 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 01
Relative position
BE, all sectors
reference
Sector 01
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
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
21.5%
Return on assets
2.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1736 sector peers (2025).
NBB · sector comparisonPosition among 1736 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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
28 d late
2024
28 d late
2023
on the day
2022
on the day
2021
28 d late
2020
27 d late
2019
28 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€287k=
2024 · €287k
2019: €206k
2020: €227k
2021: €244k
2022: €270k
2023: €281k
2024: €287k
2019 → 2025
Total assets
€1.34M▲ 17.5%
2024 · €1.14M
2019: €889k
2020: €976k
2021: €1.17M
2022: €1.18M
2023: €1.24M
2024: €1.14M
2019 → 2025
Net result
€35k▲ 454%
2024 · €6k
2019: €86k
2020: €26k
2021: €18k
2022: €36k
2023: €11k
2024: €6k
2019 → 2025
Working capital
€86k▼ 55.1%
2024 · €192k
2019: €-107k
2020: €-24k
2021: €60k
2022: €187k
2023: €268k
2024: €192k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€244k-€270k▲ 10.7%€281k▲ 4.0%€287k▲ 2.3%€287k=
Operating result€40k-€54k▲ 36.3%€24k▼ 55.5%€17k▼ 31.5%€49k▲ 195%
Net result€18k-€36k▲ 106%€11k▼ 70.3%€6k▼ 40.9%€35k▲ 454%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 195% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.34M
Fixed assets
€485k ▲ 23.7%
Current assets
€851k ▲ 14.2%
Equity and liabilities €1.34M
Equity
€287k =
Debt
€1.05M ▲ 23.4%
Debt's share of the balance-sheet total rises from 74.7% to 78.5%. Debt is higher.
Key figures and ratios
EBITDA
€126k▼
2024 · €136k
Cash flow
€112k▼
2024 · €126k
Current ratio
1.11▼
2024 · 1.35
Quick ratio
0.66▲
2024 · 0.59
Debt to equity
3.65▲
2024 · 2.96
ROE
12.2%▲
2024 · 2.2%
ROA
2.6%▲
2024 · 0.6%
Interest coverage
11.31▼
2024 · 19.74
Debt ≤ 1 year
€765k▲
2024 · €553k
Debt > 1 year
€278k▲
2024 · €277k
Income taxes
€3k▼
2024 · €3k
Staff costs
€93k▼
2024 · €98k
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.14M€1.34M▲
Fixed assets21/28€392k€485k▲
Tangible fixed assets22/27€392k€485k▲
Land and buildings22€286k€269k▼
Plant, machinery and equipment23€63k€54k▼
Furniture and vehicles24€3k€127k▲
Other tangible fixed assets26€41k€35k▼
Current assets29/58€745k€851k▲
Stocks and contracts in progress3€418k€347k▼
Stocks30/36€418k€347k▼
Amounts receivable within one year40/41€313k€464k▲
Trade receivables40€311k€456k▲
Other amounts receivable41€2k€8k▲
Cash at bank and in hand54/58€13k€40k▲
Deferred charges and accrued income490/1€732€77▼
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.34M▲
Equity10/15€287k€287k=
Contributions10/11€19k€19k=
Reserves13€138k€138k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€65k€65k=
Distributable reserves133€72k€72k=
Profit (loss) carried forward14€130k€130k=
Amounts payable17/49€850k€1.05M▲
Amounts payable after more than one year17€277k€278k▲
Financial debts170/4€277k€278k▲
Amounts payable within one year42/48€553k€765k▲
Current portion of amounts payable after more than one year42€69k€85k▲
Financial debts43€18k-
Other loans439€18k-
Trade debts44€301k€372k▲
Suppliers440/4€301k€372k▲
Advances received on contracts in progress46€113k€113k=
Taxes, remuneration and social security45€32k€42k▲
Taxes450/3€5k€25k▲
Remuneration and social security454/9€27k€17k▼
Other amounts payable47/48€19k€153k▲
Accrued charges and deferred income492/3€19k€6k▼
Income statement
Code20242025
Non-recurring operating income76A-€15k
Remuneration, social security and pensions62€98k€93k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€120k€77k▼
Other operating charges640/8€5k€5k▼
Gross operating margin9900€240k€224k▼
Operating profit (loss)9901€17k€49k▲
Financial income75/76B€31€455▲
Recurring financial income75€31€455▲
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€10k€38k▲
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€6k€35k▲
Profit (loss) for the period to be appropriated9905€6k€35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€136k€165k▲
Profit (loss) brought forward from the previous period14P€130k€130k▲
Transfer from equity791/2-€15k
Transfer to equity691/2€6k€15k▲
To other reserves6921€6k€15k▲
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€15k
Directors or managers695-€20k
Social balance
Average headcount (FTE)90872.83.0▲
The notes to these accounts (16 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
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
30-06
Financial
Weakest financial yearnet €6k ▼40.9%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
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, Horebeke · 1 establishment unit since 2006
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.
Heerweg 619667 HorebekeGround area
4,143 m²
Building footprint
2,578 m²
Parcel 45047A0786/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
STAL NAESSENS
since 20062.156.006.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45047A0786/00E000 | Flanders | 4,143 m² | 1 · 2,578 m² | - |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 887 EUR awarded · 887 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 887 EUR | 887 EUR |
Schemes
Subsidie in het kader van land- en tuinbouwbeleid
Recognitions · licences · registrations
Food safety, FASFC
1 siteHorebeke2.156.006.330
Dual-learning approval
2 live approvals · 2 endedHippisch assistent duaal (so)
Paardenhouderij duaal (so)
Show 2 ended approvals
Paardenhouder (so)
Paardenhouder (so)
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Of 1,704 companies in sector 01480 we hold annual accounts for 161. 112 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
Founded18-08-2006
Fiscal year end30-06
Activities, NACEBEL 2025
01430Raising of horses and other equines
01480Raising of other animals
85510Sports and recreation education
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.