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STAN

Active
Private limited companyfounded 2021active for 5 yearsOpstalle 1, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0761.381.902
Summary

The computed 12-month bankruptcy probability of STAN is 1.8% (moderate). The 2025 annual accounts show equity of €10,731 and a net result of €8,872. Equity is shrinking by about 15% per year across the filed financial years. The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Turnover
≈ €160,000
Estimated: probably between €94,000 and €280,000
Total assets
€37,507▼ 38.1%
2024 · €60,594
Net result
€8,872
2024 · -€2,573
Working capital
-€11,044▼ 148%
2024 · -€4,454
Trend over the years

2021 to 2025, 5 financial years

The operating result recovers in 2025; 2025 is nearly 13 times 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€13,728 2025 Net result€8,872 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€36,520-€10,681▼ 70.8%€15,424▲ 44.4%€1,067▼ 93.1%€13,728▲ 13×
Net result€24,757-€4,896▼ 80.2%€9,279▲ 89.5%-€2,573€8,872
Equity€33,757-€28,653▼ 15.1%€25,432▼ 11.2%€21,859▼ 14.1%€10,731▼ 50.9%
Total assets€112,807-€92,766▼ 17.8%€83,443▼ 10.0%€60,594▼ 27.4%€37,507▼ 38.1%
Debt€79,051-€64,113▼ 18.9%€58,011▼ 9.5%€38,735▼ 33.2%€26,777▼ 30.9%
Working capital€6,049-€4,519▼ 25.3%-€4,135-€4,454▼ 7.7%-€11,044▼ 148%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,507
Fixed assets €22,521 ▼ 34.1%
Current assets €14,986 ▼ 43.3%
Equity and liabilities €37,507
Equity €10,731 ▼ 50.9%
Debt €26,777 ▼ 30.9%
Debt's share of the balance-sheet total rises from 63.9% to 71.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€37,473▲
2024 · €25,297
Cash flow
€32,617▲
2024 · €21,657
Current ratio
0.58▼
2024 · 0.86
Debt to equity
2.50▲
2024 · 1.77
ROE
82.7%▲
2024 · -11.8%
ROA
23.7%▲
2024 · -4.2%
Interest coverage
44.62▲
2024 · 28.97
Debt ≤ 1 year
€26,030▼
2024 · €30,869
Debt > 1 year
€679▼
2024 · €7,801
Income taxes
€4,017▲
2024 · €2,767
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
95.8% 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 1.8% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,713 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€60,594€37,507▼
Fixed assets21/28€34,179€22,521▼
Tangible fixed assets22/27€34,179€22,521▼
Furniture and vehicles24€34,179€11,271▼
Other tangible fixed assets26-€11,250
Current assets29/58€26,415€14,986▼
Amounts receivable within one year40/41€11,656€10,072▼
Trade receivables40€9,359€10,072▲
Other amounts receivable41€2,297-
Cash at bank and in hand54/58€12,731€4,575▼
Deferred charges and accrued income490/1€2,028€339▼
Equity and liabilities
Total equity and liabilities10/49€60,594€37,507▼
Equity10/15€21,859€10,731▼
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14€11,859€731▼
Amounts payable17/49€38,735€26,777▼
Amounts payable after more than one year17€7,801€679▼
Financial debts170/4€7,801€679▼
Amounts payable within one year42/48€30,869€26,030▼
Current portion of amounts payable after more than one year42€20,278€7,121▼
Trade debts44€7,133€1,935▼
Suppliers440/4€7,133€1,935▼
Taxes, remuneration and social security45€2,483€4,517▲
Taxes450/3€2,483€4,517▲
Other amounts payable47/48€975€12,457▲
Accrued charges and deferred income492/3€66€67▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,230€23,745▼
Other operating charges640/8€1,253€1,278▲
Gross operating margin9900€26,550€38,752▲
Operating profit (loss)9901€1,067€13,728▲
Financial charges65/66B€873€840▼
Recurring financial charges65€873€840▼
Profit (loss) for the period before taxes9903€194€12,889▲
Income taxes67/77€2,767€4,017▲
Profit (loss) for the period9904-€2,573€8,872▲
Profit (loss) for the period to be appropriated9905-€2,573€8,872▲
Appropriation of the result
Profit (loss) to be appropriated9906€12,859€20,731▲
Profit (loss) brought forward from the previous period14P€15,432€11,859▼
Profit to be distributed694/7€1,000€20,000▲
Return on contributions (dividend)694€1,000€20,000▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,033€19,846€23,630€24,230€23,745▼ 2.0%
Other operating charges640/8€699€8,550€1,178€1,253€1,278▲ 2.0%
Gross operating margin9900€52,252€39,076€40,232€26,550€38,752▲ 46.0%
Operating profit (loss)9901€36,520€10,681€15,424€1,067€13,728▲ 13×
Financial charges65/66B€1,127€1,052€1,208€873€840▼ 3.8%
Recurring financial charges65€1,127€1,052€1,208€873€840▼ 3.8%
Profit (loss) for the period before taxes9903€35,393€9,629€14,215€194€12,889▲ 66×
Income taxes67/77€10,636€4,733€4,936€2,767€4,017▲ 45.1%
Profit (loss) for the period9904€24,757€4,896€9,279-€2,573€8,872-
Profit (loss) for the period to be appropriated9905€24,757€4,896€9,279-€2,573€8,872-
Line20212022202320242025Change
Assets
Total assets20/58€112,807€92,766€83,443€60,594€37,507▼ 38.1%
Fixed assets21/28€84,719€64,089€58,409€34,179€22,521▼ 34.1%
Tangible fixed assets22/27€77,587€64,089€58,409€34,179€22,521▼ 34.1%
Furniture and vehicles24€77,587€64,089€58,409€34,179€11,271▼ 67.0%
Other tangible fixed assets26----€11,250-
Financial fixed assets28€7,133-----
Current assets29/58€28,088€28,677€25,034€26,415€14,986▼ 43.3%
Amounts receivable within one year40/41€13,342€14,031€9,454€11,656€10,072▼ 13.6%
Trade receivables40€13,342€11,264€9,390€9,359€10,072▲ 7.6%
Other amounts receivable41-€2,767€64€2,297--
Cash at bank and in hand54/58€14,746€14,646€13,895€12,731€4,575▼ 64.1%
Deferred charges and accrued income490/1--€1,685€2,028€339▼ 83.3%
Equity and liabilities
Total equity and liabilities10/49€112,807€92,766€83,443€60,594€37,507▼ 38.1%
Equity10/15€33,757€28,653€25,432€21,859€10,731▼ 50.9%
Contributions10/11€10,000€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14€23,757€18,653€15,432€11,859€731▼ 93.8%
Amounts payable17/49€79,051€64,113€58,011€38,735€26,777▼ 30.9%
Amounts payable after more than one year17€56,955€39,723€28,078€7,801€679▼ 91.3%
Financial debts170/4€56,955€39,723€28,078€7,801€679▼ 91.3%
Amounts payable within one year42/48€22,039€24,158€29,169€30,869€26,030▼ 15.7%
Current portion of amounts payable after more than one year42€16,977€17,232€19,904€20,278€7,121▼ 64.9%
Trade debts44€3,331€2,020€3,770€7,133€1,935▼ 72.9%
Suppliers440/4€3,331€2,020€3,770€7,133€1,935▼ 72.9%
Taxes, remuneration and social security45€936€4,872€4,306€2,483€4,517▲ 81.9%
Taxes450/3€936€3,000€2,500€2,483€4,517▲ 81.9%
Remuneration and social security454/9-€1,872€1,806---
Other amounts payable47/48€794€33€1,189€975€12,457▲ 13×
Accrued charges and deferred income492/3€57€232€764€66€67▲ 2.0%
Line20212022202320242025Change
Profit (loss) for the period9904€24,757€4,896€9,279-€2,573€8,872-
+ Depreciation and write-downs630€15,033€19,846€23,630€24,230€23,745▼ 2.0%
Operating cash flow (approximation)€39,789€24,742€32,909€21,657€32,617▲ 50.6%
Investment in fixed assets (approximation)-€785-€17,950€0-€12,087-
Change in cash--€100-€751-€1,164-€8,157▼ 601%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2025 micro format 31-07-2026 2026-00362063
31-12-2024 micro format 05-08-2025 2025-00358564
31-12-2023 micro format 30-08-2024 2024-00402790
31-12-2022 micro format 07-07-2023 2023-00212973
31-12-2021 micro format 25-08-2022 2022-20315326

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.