STALMANS
ActiveSTALMANS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €801k and a net result of €75k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 396 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
79
/ 100
Excellent▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability47▼-43
Solvency95▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 2.01 in 2024), but 50.6% 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+raises risk○neutral
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
49.4%
Return on assets
4.6%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
46 d late
2023
33 d early
2022
30 d late
2021
23 d late
2020
26 d early
2019
24 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€801k▲ 8.9%
2024 · €735k
2018: €263k
2019: €289k
2020: €345k
2021: €420k
2022: €523k
2023: €604k
2024: €735k
2018 → 2025
Total assets
€1.62M▼ 1.8%
2024 · €1.65M
2018: €433k
2019: €466k
2020: €535k
2021: €626k
2022: €1.38M
2023: €1.46M
2024: €1.65M
2018 → 2025
Net result
€75k▼ 43.0%
2024 · €132k
2018: €25k
2019: €26k
2020: €56k
2021: €76k
2022: €103k
2023: €81k
2024: €132k
2018 → 2025
Working capital
€382k▲ 30.3%
2024 · €293k
2018: €156k
2019: €160k
2020: €238k
2021: €278k
2022: €266k
2023: €292k
2024: €293k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€420k-€523k▲ 24.4%€604k▲ 15.4%€735k▲ 21.9%€801k▲ 8.9%
Operating result€110k-€151k▲ 36.7%€137k▼ 9.1%€212k▲ 54.9%€124k▼ 41.4%
Net result€76k-€103k▲ 35.5%€81k▼ 21.4%€132k▲ 63.6%€75k▼ 43.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.01M▼ 5.2%
Current assets
€610k▲ 4.6%
Equity and liabilities €1.62M
Equity
€801k▲ 8.9%
Debt
€819k▼ 10.3%
The debt ratio falls from 55.4% to 50.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€248k▼
2024 · €316k
Cash flow
€198k▼
2024 · €236k
Solvency
49.4%▲
2024 · 44.6%
Current ratio
2.68▲
2024 · 2.01
Quick ratio
2.57▲
2024 · 1.97
Debt / equity
1.02▼
2024 · 1.24
ROE
9.4%▼
2024 · 17.9%
ROA
4.6%▼
2024 · 8.0%
Interest coverage
11.96▼
2024 · 15.90
Debt
€819k▼
2024 · €913k
Debt ≤ 1 year
€228k▼
2024 · €290k
Debt > 1 year
€592k▼
2024 · €623k
Income taxes
€29k▼
2024 · €61k
Staff costs
€218k▼
2024 · €219k
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€1.65M€1.62M▼
Fixed assets21/28€1.07M€1.01M▼
Tangible fixed assets22/27€1.07M€1.01M▼
Land and buildings22€651k€651k▼
Plant, machinery and equipment23€90k€68k▼
Furniture and vehicles24€270k€256k▼
Leasing and similar rights25€54k€34k▼
Financial fixed assets28-€700
Current assets29/58€583k€610k▲
Stocks and contracts in progress3€11k€25k▲
Stocks30/36€11k€25k▲
Amounts receivable within one year40/41€292k€135k▼
Trade receivables40€268k€116k▼
Other amounts receivable41€24k€18k▼
Current investments50/53€100k€100k=
Cash at bank and in hand54/58€174k€342k▲
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.65M€1.62M▼
Equity10/15€735k€801k▲
Contributions10/11€69k€69k=
Reserves13€666k€732k▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€662k€727k▲
Amounts payable17/49€913k€819k▼
Amounts payable after more than one year17€623k€592k▼
Financial debts170/4€623k€592k▼
Amounts payable within one year42/48€290k€228k▼
Current portion of amounts payable after more than one year42€95k€39k▼
Trade debts44€91k€92k▲
Suppliers440/4€91k€92k▲
Taxes, remuneration and social security45€30k€23k▼
Taxes450/3€21k€8k▼
Remuneration and social security454/9€9k€15k▲
Other amounts payable47/48€74k€73k▼
Income statement
Code20242025
Non-recurring operating income76A-€48k
Remuneration, social security and pensions62€219k€218k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€123k▲
Other operating charges640/8€12k€8k▼
Gross operating margin9900€547k€474k▼
Operating profit (loss)9901€212k€124k▼
Financial income75/76B€230€239▲
Recurring financial income75€230€239▲
Financial charges65/66B€20k€21k▲
Recurring financial charges65€20k€21k▲
Profit (loss) for the period before taxes9903€193k€104k▼
Income taxes67/77€61k€29k▼
Profit (loss) for the period9904€132k€75k▼
Profit (loss) for the period to be appropriated9905€132k€75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€132k€75k▼
Transfer to equity691/2€132k€65k▼
To other reserves6921€132k€65k▼
Profit to be distributed694/7-€10k
Directors or managers695-€10k
Social balance
Average headcount (FTE)90874.94.0▼
The notes to these accounts (14 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 46 days late
2024
31-12
Financial
Highest result since 2018net €132k ▲63.6%
Operating result €212k, net result €132k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €500kEq €523k ▲24.4%
5 profitable years in a row build equity to €523k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 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, Herselt · 1 establishment unit since 2002
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.
Wezel 262230 HerseltGround area
4,556 m²
Building footprint
299 m²
Volume, LiDAR
1,365 m³
Parcel 13013F0262/00B000, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Wezel 26, 2230 Herselt
since 20022.099.073.763
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013F0262/00B000 | Flanders | 4,556 m² | 1 · 299 m² | 7.8 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 6,000 EUR | 6,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
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M & R
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Of 2,316 companies in sector 42110 we hold annual accounts for 1,087. 723 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2002
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
45230
81300Landscape service activities
01410Raising of dairy cattle
47761Retail sale of flowers, plants, seeds and fertilisers
52483
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.