STAPPATO
ActiveSummary
STAPPATO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €353,281. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-15
Solvency93▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 4.3 against 4.29 in 2024; short-term debt: 9.1% and cash: 1.7% of total assets), and 32.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
67.7%
Return on assets
10%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 21-09-2026, 52 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
52 d late
2024
21 d late
2023
30 d late
2022
28 d late
2021
29 d late
2020
27 d late
2019
33 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€353,281▼ 50.3%
2024 · €711,133
Working capital
€1.1m▲ 7.2%
2024 · €988,627
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
Line20212022202320242025
Operating result€374,105▲ 24.4%€470,420▲ 25.7%€750,882▲ 59.6%€1.0m▲ 35.1%€534,963▼ 47.3%
Net result€252,243▲ 29.9%€322,757▲ 28.0%€486,887▲ 50.9%€711,133▲ 46.1%€353,281▼ 50.3%
Equity€1.0m▲ 26.4%€1.3m▲ 21.6%€1.6m▲ 28.6%€2.2m▲ 35.3%€2.4m▲ 8.6%
Total assets€2.8m▲ 29.8%€3.2m▲ 15.6%€3.2m▲ 0.3%€3.3m▲ 0.8%€3.5m▲ 7.9%
Debt€1.7m▲ 31.9%€2.0m▲ 12.0%€1.6m▼ 17.9%€1.1m▼ 33.9%€1.1m▲ 6.7%
Working capital€347,968▲ 47.0%€386,534▲ 11.1%€621,706▲ 60.8%€988,627▲ 59.0%€1.1m▲ 7.2%
Staff (FTE)
Why a figure moved sharply
- 2025 Net result -50% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2023 Net result +51% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.5m
Fixed assets
€2.1m ▲ 8.5%
Current assets
€1.4m ▲ 7.2%
Equity and liabilities €3.5m
Equity
€2.4m ▲ 8.6%
Debt
€1.1m ▲ 6.7%
Debt's share of the balance-sheet total falls from 32.6% to 32.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€652,667▼
2024 · €1.1m
Cash flow
€470,984▼
2024 · €826,201
Current ratio
4.30▲
2024 · 4.29
Quick ratio
1.28▼
2024 · 1.36
Debt to equity
0.48▼
2024 · 0.48
ROE
14.8%▼
2024 · 32.4%
ROA
10.0%▼
2024 · 21.8%
Interest coverage
39.77▼
2024 · 42.30
Debt ≤ 1 year
€321,487▲
2024 · €300,251
Debt > 1 year
€812,636▲
2024 · €763,090
Income taxes
€171,888▼
2024 · €294,253
Staff costs
€48,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,082 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €48,945 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86,076 | €102,989 | €111,400 | €115,068 | €117,703 | ▲ 2.3% |
| Other operating charges640/8 | €17,658 | €54,011 | €9,626 | €6,413 | €38,334 | ▲ 498% |
| Gross operating margin9900 | €477,839 | €627,420 | €871,908 | €1.1m | €739,945 | ▼ 34.9% |
| Operating profit (loss)9901 | €374,105 | €470,420 | €750,882 | €1.0m | €534,963 | ▼ 47.3% |
| Financial income75/76B | €6,623 | €1,682 | €12,351 | €17,483 | €6,615 | ▼ 62.2% |
| Recurring financial income75 | €1,883 | €1,682 | €8,556 | €9,189 | €6,213 | ▼ 32.4% |
| Non-recurring financial income76B | €4,740 | - | €3,795 | €8,294 | €402 | ▼ 95.2% |
| Financial charges65/66B | €22,954 | €19,322 | €42,731 | €26,704 | €16,409 | ▼ 38.6% |
| Recurring financial charges65 | €22,954 | €19,322 | €42,731 | €26,704 | €16,409 | ▼ 38.6% |
| Profit (loss) for the period before taxes9903 | €357,774 | €452,780 | €720,501 | €1.0m | €525,169 | ▼ 47.8% |
| Income taxes67/77 | €105,531 | €130,023 | €233,615 | €294,253 | €171,888 | ▼ 41.6% |
| Profit (loss) for the period9904 | €252,243 | €322,757 | €486,887 | €711,133 | €353,281 | ▼ 50.3% |
| Transfer to tax-exempt reserves689 | - | - | - | €210,500 | - | - |
| Profit (loss) for the period to be appropriated9905 | €252,243 | €322,757 | €486,887 | €500,633 | €353,281 | ▼ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €3.2m | €3.2m | €3.3m | €3.5m | ▲ 7.9% |
| Fixed assets21/28 | €1.7m | €2.1m | €2.1m | €2.0m | €2.1m | ▲ 8.5% |
| Tangible fixed assets22/27 | €1.7m | €2.0m | €2.0m | €1.9m | €2.0m | ▲ 8.9% |
| Land and buildings22 | €1.5m | €1.8m | €1.8m | €1.8m | €2.0m | ▲ 12.4% |
| Plant, machinery and equipment23 | €26,090 | €21,459 | €16,828 | €12,362 | €7,895 | ▼ 36.1% |
| Furniture and vehicles24 | €23,677 | €17,393 | €11,765 | €8,000 | €6,533 | ▼ 18.3% |
| Other tangible fixed assets26 | €108,739 | €81,800 | €74,376 | €45,444 | €16,800 | ▼ 63.0% |
| Assets under construction and advance payments27 | - | €16,035 | €16,035 | €19,300 | - | - |
| Financial fixed assets28 | €40,486 | €100,486 | €100,486 | €100,486 | €100,486 | = |
| Current assets29/58 | €1.1m | €1.1m | €1.2m | €1.3m | €1.4m | ▲ 7.2% |
| Stocks and contracts in progress3 | €584,655 | €767,943 | €746,536 | €880,450 | €971,224 | ▲ 10.3% |
| Stocks30/36 | €584,655 | €767,943 | €746,536 | €880,450 | €971,224 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €176,727 | €136,115 | €151,608 | €138,989 | €201,113 | ▲ 44.7% |
| Trade receivables40 | €172,434 | €136,115 | €151,608 | €138,989 | €201,113 | ▲ 44.7% |
| Other amounts receivable41 | €4,293 | - | - | - | - | - |
| Current investments50/53 | - | - | €100,000 | €230,000 | €150,000 | ▼ 34.8% |
| Cash at bank and in hand54/58 | €317,687 | €234,284 | €171,246 | €39,439 | €58,860 | ▲ 49.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €3.2m | €3.2m | €3.3m | €3.5m | ▲ 7.9% |
| Equity10/15 | €1.0m | €1.3m | €1.6m | €2.2m | €2.4m | ▲ 8.6% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €974,937 | €1.2m | €1.6m | €2.1m | €2.3m | ▲ 8.8% |
| Non-distributable reserves130/1 | €8,553 | €8,553 | €8,553 | €8,553 | - | - |
| Legal reserve130 | €8,553 | €8,553 | €8,553 | €8,553 | - | - |
| Tax-exempt reserves132 | - | - | - | €210,500 | €210,500 | = |
| Distributable reserves133 | €966,384 | €1.2m | €1.6m | €1.9m | €2.1m | ▲ 10.3% |
| Amounts payable17/49 | €1.7m | €2.0m | €1.6m | €1.1m | €1.1m | ▲ 6.7% |
| Amounts payable after more than one year17 | €1.0m | €1.2m | €1.0m | €763,090 | €812,636 | ▲ 6.5% |
| Financial debts170/4 | €1.0m | €1.2m | €1.0m | €763,090 | €812,636 | ▲ 6.5% |
| Amounts payable within one year42/48 | €731,102 | €751,807 | €547,684 | €300,251 | €321,487 | ▲ 7.1% |
| Current portion of amounts payable after more than one year42 | €184,136 | €184,136 | €175,118 | €184,065 | €268,124 | ▲ 45.7% |
| Financial debts43 | €500,000 | €500,000 | - | - | - | - |
| Credit institutions430/8 | €500,000 | €500,000 | - | - | - | - |
| Trade debts44 | - | €19,954 | €4,191 | €5,827 | - | - |
| Suppliers440/4 | - | €19,954 | €4,191 | €5,827 | - | - |
| Taxes, remuneration and social security45 | €46,966 | €47,718 | €68,375 | €110,359 | €53,363 | ▼ 51.6% |
| Taxes450/3 | €46,966 | €47,718 | €68,375 | €110,359 | €53,363 | ▼ 51.6% |
| Other amounts payable47/48 | - | - | €300,000 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €13,240 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €252,243 | €322,757 | €486,887 | €711,133 | €353,281 | ▼ 50.3% |
| + Depreciation and write-downs630 | €86,076 | €102,989 | €111,400 | €115,068 | €117,703 | ▲ 2.3% |
| Operating cash flow (approximation) | €338,319 | €425,746 | €598,287 | €826,201 | €470,984 | ▼ 43.0% |
| Investment in fixed assets (approximation) | - | -€478,378 | -€90,512 | -€21,815 | -€284,284 | ▼ 1,203% |
| Change in cash | - | -€83,403 | -€63,037 | -€131,807 | €19,421 | ▲ 115% |
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
Next filing, fiscal year 2026, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 52 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 21 days late
2024
31-12
Financial
Highest result since 2018net €711,133 ▲46.1%
Operating result €1.0m, net result €711,133, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.29
Current ratio from 2.14 to 4.29; short-term debt falls from €547,684 to €300,251.
31-12
Financial
Equity above €2mEq €2.2m ▲35.3%
7 profitable years in a row build equity to €2.2m.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Equity above €1mEq €1.0m ▲26.4%
4 profitable years in a row build equity to €1.0m.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 33 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Nazareth · 1 establishment unit since 2003
Ground area
1.3 ha
Building footprint
1,251 m²
Volume, LiDAR
6,775 m³
Parcel 44018C0230/00C003, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STAPPATO
since 20032.133.455.018
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018C0230/00C003 | Flanders | 1.3 ha | 1 · 1,251 m² | 6.3 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
No owner stated in the accounts, acts or LEI register we read.
Holdings 1
- DE WINDMOLENsubsidiary83.32%
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteNazareth-De Pinte2.133.455.018
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Of 1,582 companies in sector 46349 we hold annual accounts for 989. 457 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
Contact
Website
www.stappato.be
E-mail
info@stappato.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860845207
Registered
08-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.