STANITAIR
ActiveSummary
STANITAIR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €283,462 and a net result of €54,139. Equity is growing by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 7452 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+1
Solvency52=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.83 in 2023; short-term debt: 32.5% and cash: 11% of total assets), and 73.3% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
27 d early
2022
4 d late
2021
2 d early
2020
1 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€735,440
EBIT margin
13.8%
Net result
€54,139▲ 52.8%
2023 · €35,424
Working capital
-€75,523▼ 36.9%
2023 · -€55,162
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€735,440
Operating result€68,174▲ 12.7%€101,457▲ 48.8%€18,493▼ 81.8%€60,979▲ 230%€74,134▲ 21.6%
Net result€39,222▼ 2.7%€77,492▲ 97.6%€14,262▼ 81.6%€35,424▲ 148%€54,139▲ 52.8%
EBIT margin13.8%
Equity€102,145▲ 62.3%€179,637▲ 75.9%€193,899▲ 7.9%€229,323▲ 18.3%€283,462▲ 23.6%
Total assets€782,008▲ 8.9%€788,724▲ 0.9%€798,612▲ 1.3%€839,505▲ 5.1%€1.1m▲ 26.4%
Debt€679,862▲ 3.8%€609,087▼ 10.4%€604,712▼ 0.7%€610,182▲ 0.9%€777,614▲ 27.4%
Working capital-€143,752▲ 20.6%-€89,146▲ 38.0%-€89,015▲ 0.1%-€55,162▲ 38.0%-€75,523▼ 36.9%
Staff (FTE)0.8▲ 33.3%1.86,983.8▲ 387,889%100,642.9▲ 1,341%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 22% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€791,269 ▲ 38.3%
Current assets
€269,807 ▲ 0.9%
Equity and liabilities €1.1m
Equity
€283,462 ▲ 23.6%
Debt
€777,614 ▲ 27.4%
Debt's share of the balance-sheet total rises from 72.7% to 73.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105,914▲
2023 · €90,679
Cash flow
€85,919▲
2023 · €65,124
Current ratio
0.78▼
2023 · 0.83
Quick ratio
0.43▼
2023 · 0.51
Debt to equity
2.74▲
2023 · 2.66
ROE
19.1%▲
2023 · 15.4%
ROA
5.1%▲
2023 · 4.2%
Interest coverage
11.10▼
2023 · 13.65
Debt ≤ 1 year
€345,330▲
2023 · €322,614
Debt > 1 year
€432,284▲
2023 · €287,568
Income taxes
€12,913▼
2023 · €20,107
Staff costs
€100,643▲
2023 · €69,584
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €735,440 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €556,777 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €49,506 | €51,418 | €69,584 | €100,643 | ▲ 44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,699 | €24,461 | €31,055 | €29,700 | €31,780 | ▲ 7.0% |
| Other operating charges640/8 | - | €4,150 | €4,211 | €4,485 | €3,440 | ▼ 23.3% |
| Gross operating margin9900 | €129,713 | €179,574 | €105,178 | €164,748 | €209,997 | ▲ 27.5% |
| Operating profit (loss)9901 | €68,174 | €101,457 | €18,493 | €60,979 | €74,134 | ▲ 21.6% |
| Financial income75/76B | - | €564 | €1,339 | €2,019 | €2,989 | ▲ 48.1% |
| Recurring financial income75 | - | €538 | €1,318 | €2,019 | €2,989 | ▲ 48.1% |
| Non-recurring financial income76B | - | €26 | €21 | €2,019 | €2,989 | ▲ 48.1% |
| Financial charges65/66B | - | €7,272 | €8,011 | €7,466 | €10,071 | ▲ 34.9% |
| Recurring financial charges65 | €8,265 | €7,199 | €7,990 | €6,642 | €9,542 | ▲ 43.7% |
| Non-recurring financial charges66B | - | €73 | €21 | €825 | €529 | ▼ 35.9% |
| Profit (loss) for the period before taxes9903 | €60,247 | €94,749 | €11,821 | €55,531 | €67,052 | ▲ 20.7% |
| Income taxes67/77 | €21,025 | €17,257 | -€2,441 | €20,107 | €12,913 | ▼ 35.8% |
| Profit (loss) for the period9904 | €39,222 | €77,492 | €14,262 | €35,424 | €54,139 | ▲ 52.8% |
| Profit (loss) for the period to be appropriated9905 | €39,222 | €77,492 | €14,262 | €35,424 | €54,139 | ▲ 52.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €782,008 | €788,724 | €798,612 | €839,505 | €1.1m | ▲ 26.4% |
| Fixed assets21/28 | €557,893 | €566,337 | €592,057 | €572,053 | €791,269 | ▲ 38.3% |
| Tangible fixed assets22/27 | €271,445 | €279,639 | €305,359 | €285,355 | €504,570 | ▲ 76.8% |
| Land and buildings22 | - | €260,922 | €248,332 | €240,940 | €473,801 | ▲ 96.6% |
| Plant, machinery and equipment23 | - | €15,910 | €19,742 | €16,703 | €12,464 | ▼ 25.4% |
| Furniture and vehicles24 | - | €2,807 | €37,285 | €27,712 | €18,306 | ▼ 33.9% |
| Financial fixed assets28 | €286,448 | €286,698 | €286,698 | €286,698 | €286,698 | = |
| Current assets29/58 | €224,115 | €222,387 | €206,554 | €267,452 | €269,807 | ▲ 0.9% |
| Stocks and contracts in progress3 | €74,301 | €71,931 | €86,188 | €103,523 | €122,765 | ▲ 18.6% |
| Stocks30/36 | - | €71,931 | €86,188 | €103,523 | €122,765 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €97,637 | €47,056 | €50,932 | €84,301 | €30,320 | ▼ 64.0% |
| Trade receivables40 | - | €43,364 | €43,124 | €76,717 | €19,760 | ▼ 74.2% |
| Other amounts receivable41 | - | €3,692 | €7,808 | €7,584 | €10,560 | ▲ 39.2% |
| Cash at bank and in hand54/58 | €51,319 | €103,400 | €69,434 | €79,629 | €116,723 | ▲ 46.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €782,008 | €788,724 | €798,612 | €839,505 | €1.1m | ▲ 26.4% |
| Equity10/15 | €102,145 | €179,637 | €193,899 | €229,323 | €283,462 | ▲ 23.6% |
| Reserves13 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Distributable reserves133 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €72,145 | €149,637 | €163,899 | €199,323 | €253,462 | ▲ 27.2% |
| Amounts payable17/49 | €679,862 | €609,087 | €604,712 | €610,182 | €777,614 | ▲ 27.4% |
| Amounts payable after more than one year17 | €311,996 | €297,554 | €309,143 | €287,568 | €432,284 | ▲ 50.3% |
| Financial debts170/4 | - | €297,554 | €309,143 | €287,568 | €432,284 | ▲ 50.3% |
| Amounts payable within one year42/48 | €367,866 | €311,533 | €295,569 | €322,614 | €345,330 | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | - | €14,441 | €21,144 | €21,575 | €29,839 | ▲ 38.3% |
| Trade debts44 | €86,206 | €16,921 | €17,457 | €22,475 | €37,013 | ▲ 64.7% |
| Suppliers440/4 | - | €16,921 | €17,457 | €22,475 | €37,013 | ▲ 64.7% |
| Taxes, remuneration and social security45 | - | €18,414 | - | €18,151 | €12,464 | ▼ 31.3% |
| Taxes450/3 | - | €18,414 | - | €11,126 | €12,162 | ▲ 9.3% |
| Remuneration and social security454/9 | - | - | - | €7,025 | €302 | ▼ 95.7% |
| Other amounts payable47/48 | - | €261,757 | €256,968 | €260,413 | €266,013 | ▲ 2.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,222 | €77,492 | €14,262 | €35,424 | €54,139 | ▲ 52.8% |
| + Depreciation and write-downs630 | €22,699 | €24,461 | €31,055 | €29,700 | €31,780 | ▲ 7.0% |
| Operating cash flow (approximation) | €61,921 | €101,953 | €45,317 | €65,124 | €85,919 | ▲ 31.9% |
| Investment in fixed assets (approximation) | - | -€32,905 | -€56,776 | -€9,696 | -€250,996 | ▼ 2,489% |
| Change in cash | - | €52,081 | -€33,966 | €10,195 | €37,094 | ▲ 264% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €229,323 ▲18.3%
5 profitable years in a row build equity to €229,323.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €77,492 ▲97.6%
Operating result €101,457, net result €77,492, both a record.
31-12
Financial
Equity above €150,000Eq €179,637 ▲75.9%
3 profitable years in a row build equity to €179,637.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100,000Eq €102,145 ▲62.3%
2 profitable years in a row build equity to €102,145.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €40,311
Net result €40,311 after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Buggenhout · 1 establishment unit since 2017
Ground area
531 m²
Building footprint
420 m²
Parcel 42004D0001/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
STANITAIR
since 20172.265.813.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004D0001/00N000 | Flanders | 531 m² | 1 · 420 m² | - |
Linked by address, not proof of ownership
Good to know
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
2022 to 2025 · 5 entries · 1,802 EUR awarded · 1,802 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 910 EUR | 910 EUR |
| 2024 | 1 | 53 EUR | 170 EUR |
| 2023 | 1 | 234 EUR | 117 EUR |
| 2022 | 2 | 605 EUR | 605 EUR |
Recognitions · licences · registrations
Dual-learning approval
7 live approvals · 1 endedBrandertechnicus gas/stookolie duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Sanitaire en verwarmingsinstallaties duaal (so)
Technicus installatietechnieken (vwo)
Technicus installatietechnieken duaal (so)
Show 1 more
Vakman installatietechnieken (vwo)
Show 1 ended approval
Monteur centrale verwarming (so)
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Of 7,044 companies in sector 43221 we hold annual accounts for 3,473. 2,726 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
33110Repair and maintenance of fabricated metal products
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
Website
www.stanitair.be
E-mail
info@stanitair.be
Scores and ratios are computed by Checked and are not a credit decision.