STAPIMMO
ActiveSummary
STAPIMMO has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223,115 and a net result of €195,503. Equity has been shrinking by about 29% per year since 2018. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 22% of 5,796 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-04-2003 Normal situation
- Registered office
- 29 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 1 other
- Establishment unit
- 2.133.047.420 1050 Elsene, since 07-04-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2026
Board and ownership
- DRIFTIG Stéphane François AntoinetteManaging director
- DRIFTIG Christophe André FranklinDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €396,609
- ▲ 84.8%
- Turnover
- ≈ €440,000
- estimated
- Profit
- €195,503
- ▲ 737%
- Equity
- €223,115
- ▲ 708%
- Total assets
- €2.8m
- ▼ 5.3%
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.01, cash €3,178Equity €223,115 (8.0% of total assets)lowers riskSize: total assets €2.8mFigures for financial year 2025 (filed on 29-08-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 26% of them on solvency, 2% on liquidity, 65% on profitability and 99% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00446223.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 22 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 192% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €19,440 | €1.2m | - | €9,964 | €118,074 |
| Depreciation and write-downs of the year | €84,417 | €250,445 | €109,833 | €95,725 | €97,649 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,581 | €54,999 | €59,146 | €84,417 | €250,445 | €109,833 | €95,725 | €97,649 | ▲ 2.0% |
| Other operating charges640/8 | - | - | - | €3,989 | €30,515 | €4,667 | €25,277 | €25,570 | ▲ 1.2% |
| Gross operating margin9900 | €10,721 | €6,302 | €163 | €42,893 | €181,626 | €173,188 | €214,654 | €396,609 | ▲ 84.8% |
| Operating profit (loss)9901 | €3,810 | -€50,704 | -€62,946 | -€45,513 | -€99,334 | €58,688 | €93,652 | €273,391 | ▲ 192% |
| Financial income75/76B | - | - | - | - | €9 | - | €38 | - | - |
| Recurring financial income75 | - | €878 | - | - | €9 | - | €38 | - | - |
| Financial charges65/66B | - | - | - | €22,996 | €35,645 | €87,718 | €70,341 | €77,887 | ▲ 10.7% |
| Recurring financial charges65 | €1,503 | €3,334 | €16,201 | €22,996 | €35,645 | €87,718 | €70,341 | €77,887 | ▲ 10.7% |
| Profit (loss) for the period before taxes9903 | €2,307 | -€53,159 | -€79,147 | -€68,509 | -€134,969 | -€29,030 | €23,349 | €195,503 | ▲ 737% |
| Income taxes67/77 | €200 | - | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,107 | -€53,159 | -€79,147 | -€68,509 | -€134,969 | -€29,030 | €23,349 | €195,503 | ▲ 737% |
| Transfer from tax-exempt reserves789 | - | - | - | €16,401 | €16,360 | €16,360 | €16,360 | €16,360 | = |
| Profit (loss) for the period to be appropriated9905 | €2,107 | -€32,372 | -€67,120 | -€52,108 | -€118,609 | -€12,670 | €39,709 | €211,863 | ▲ 434% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €1.1m | €2.4m | €2.3m | €3.2m | €3.1m | €3.0m | €2.8m | ▼ 5.3% |
| Fixed assets21/28 | €0.2m | €1.0m | €2.2m | €2.2m | €3.1m | €3.0m | €2.9m | €2.8m | ▼ 5.1% |
| Tangible fixed assets22/27 | €0.2m | €1.0m | €2.2m | €2.2m | €3.1m | €3.0m | €2.9m | €2.8m | ▼ 5.1% |
| Land and buildings22 | - | - | - | €2.2m | €3.1m | €3.0m | €2.9m | €2.7m | ▼ 8.8% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.01m | €0.02m | €0.1m | ▲ 507% |
| Current assets29/58 | €0.3m | €0.1m | €0.2m | €0.1m | €0.04m | €0.04m | €0.02m | €0.01m | ▼ 34.9% |
| Amounts receivable within one year40/41 | - | €0.004m | €0.02m | €0.1m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 42.6% |
| Trade receivables40 | - | - | - | €0.1m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 44.6% |
| Other amounts receivable41 | - | - | - | - | - | - | - | €407 | - |
| Current investments50/53 | €0.3m | €0.1m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | - | €0.2m | €259 | €0.03m | €0.02m | €0.002m | €0.003m | ▲ 28.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €1.1m | €2.4m | €2.3m | €3.2m | €3.1m | €3.0m | €2.8m | ▼ 5.3% |
| Equity10/15 | €0.4m | €0.3m | €0.2m | €0.2m | €0.03m | €0.004m | €0.03m | €0.2m | ▲ 708% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 4.9% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | ▼ 5.0% |
| Distributable reserves133 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.1m | -€0.2m | -€0.2m | -€0.3m | -€0.4m | -€0.4m | -€0.4m | -€0.2m | ▲ 57.5% |
| Amounts payable17/49 | €0.1m | €0.8m | €2.2m | €2.1m | €3.1m | €3.0m | €2.9m | €2.6m | ▼ 12.0% |
| Amounts payable within one year42/48 | €0.1m | €0.8m | €2.2m | €2.1m | €3.1m | €3.0m | €2.9m | €2.6m | ▼ 11.9% |
| Financial debts43 | - | - | - | €1.3m | €1.9m | €1.8m | €1.6m | €1.4m | ▼ 10.3% |
| Credit institutions430/8 | - | - | - | €1.3m | €1.9m | €1.8m | €1.6m | €1.4m | ▼ 10.3% |
| Trade debts44 | - | - | €0.002m | - | €0.002m | - | €0.01m | - | - |
| Suppliers440/4 | - | - | - | - | €0.002m | - | €0.01m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0.02m | €0.006m | €0.005m | €0.004m | ▼ 17.3% |
| Taxes450/3 | - | - | - | €0.001m | €0.02m | €0.006m | €0.005m | €0.004m | ▼ 17.3% |
| Other amounts payable47/48 | - | - | - | €0.8m | €1.2m | €1.3m | €1.3m | €1.1m | ▼ 13.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.03m | €0.02m | €0.02m | ▼ 30.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.002m | -€0.05m | -€0.08m | -€0.07m | -€0.1m | -€0.03m | €0.02m | €0.2m | ▲ 737% |
| + Depreciation and write-downs630 | €0.006m | €0.05m | €0.06m | €0.08m | €0.3m | €0.1m | €0.1m | €0.1m | ▲ 2.0% |
| Operating cash flow (approximation) | €0.008m | €0.002m | -€0.02m | €0.02m | €0.1m | €0.08m | €0.1m | €0.3m | ▲ 146% |
| Investment in fixed assets (approximation) | - | -€0.8m | -€1.3m | -€0.02m | -€1.2m | €0 | -€0.01m | €0.05m | - |
| Change in cash | - | - | - | -€0.2m | €0.03m | -€0.01m | -€0.02m | €0.001m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 496 companies had the same profile as STAPIMMO has now. Two years later, 1.2% had gone bankrupt and 95.4% were still going.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of STAPIMMO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 496 companies, not a prediction for STAPIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 28-08-2026 | 2026-00446223 | |
| 31-12-2024 | full format | 19-08-2025 | 2025-00383937 | |
| 31-12-2023 | full format | 26-08-2024 | 2024-00369248 | |
| 31-12-2022 | full format | 28-08-2023 | 2023-00390126 | |
| 31-12-2021 | full format | 22-08-2022 | 2022-20300779 | |
| 31-12-2020 | full format | 11-08-2021 | 2021-47700178 | |
| 31-12-2019 | full format | 07-08-2020 | 2020-39800397 | |
| 31-12-2018 | full format | 20-08-2019 | 2019-47800278 | |
| 31-12-2017 | full format | 31-07-2018 | 2018-41800079 | |
| 31-12-2016 | full format | 11-08-2017 | 2017-42800095 |
Board & ownership
Directors
Board 2
Day-to-day management 1
Full text
Article 26: Engagement de la société La société est liée par les actes accomplis par le conseil d'administration, par les administrateurs ayant qualité pour la représenter ou par un délégué à la gestion journalière, même si ces actes excèdent l'objet, à moins qu'elle ne prouve que le tiers savait que l'acte dépas-sait cet objet ou qu'il ne pouvait l'ignorer, compte tenu des circonstances, sans que la seule publication des statuts suffise à constituer cette preuve.
Owners and capital
Capital transactions
- 12-07-2024 Capital stated in the deed · €61,600 · 616 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DRIFTIG Christophe André Franklin |
|
| DRIFTIG Stéphane François Antoinette |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Ne peut excéder six ans, 3”“Article 15, administrateurs restants peuvent coopter nouvel administrateur”“Écrit mail ou tout autre moyen à support matériel à un collègue, majorité au moins des membres présente ou représentée”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Prix offert par le tiers ou en contestation prix déterminé par expert désigné de commun accord ou à défaut par le Président du Tribunal de…”“Prix convenu initialement ou contestation prix par expert désigné de commun accord ou à défaut par Président du Tribunal de l'Entreprise…”
Articles of association, deed of 12-07-2024 (in French)
Network & group
Companies at the same address
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- VS Food Registered office · since 2024 1016128151
- VS Italia Registered office · since 2024 1016065892
- VS and Co Registered office · since 2024 1014604459
- BRACKE INVEST Registered office · since 2022 0792390822
- MSP COMPANY Registered office · since 2022 0786552610
- KSN COMPANY Registered office · since 2022 0778802112
- LINDE Registered office · since 2021 0771539483
Connections & network
12 connected companiesShow 8 more companies with a shared director
Timeline
Acts, filings and financial milestones
12-07
Gazette deed
Resignations & appointmentsReappointments: DRIFTIG Stéphane François Antoinette (director) and DRIFTIG Christophe André Franklin (director) · Appointment: DRIFTIG Stéphane François Antoinette (managing director) · Incorporation10 points ▸
- General meeting, 25-06-2024
- Incorporation, 07-04-2003
- Other provision, “assujettissement TVA, BE0479.997.570” (deed in French)
- Amendment of the articles, mentioned 3 times in the deed
- Capital, €61,600
- Director reappointment, DRIFTIG Stéphane François Antoinette (director)
- Director reappointment, DRIFTIG Christophe André Franklin (director)
- Power of attorney, Joke LAMBRECHTS
- Power of attorney
- Director appointment, DRIFTIG Stéphane François Antoinette (managing director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21009A0766/00S003 | Brussels | 528 m² | 1 · 535 m² | 21.3 m · 3 |