STAS
ActiveSummary
STAS has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.12M and a net result of €489k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+8
Solvency99▲+2
Growth64=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 4.35 against 3.75 in 2023; short-term debt: 18.2% and cash: 27.4% of total assets), and 25.9% 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 · 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 2024Solvency, return and age of the figures
Solvency
74.1%
Return on assets
4.5%
Age of the figures
21 mo
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 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
not confirmed
2024
26 d late
2023
13 d early
2022
106 d late
2021
138 d late
2020
173 d late
2019
136 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, full schema
Turnover
€15.02M▲ 0.2%
2023 · €14.99M
EBIT margin
5.9%▲ 3.8pp
2023 · 2.1%
Net result
€489k▲ 125%
2023 · €217k
Working capital
€6.66M▲ 5.8%
2023 · €6.30M
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€12.67M▼ 2.5%€16.67M▲ 31.6%€14.45M▼ 13.4%€14.99M▲ 3.8%€15.02M▲ 0.2%
Operating result€-149k▲ 71.1%€1.65M€935k▼ 43.3%€311k▼ 66.7%€879k▲ 182%
Net result€-153k▲ 57.4%€1.29M€334k▼ 74.1%€217k▼ 34.9%€489k▲ 125%
EBIT margin-1.2%▲ 2.8pp9.9%▲ 11.1pp6.5%▼ 3.4pp2.1%▼ 4.4pp5.9%▲ 3.8pp
Equity€5.79M▼ 2.6%€7.08M▲ 22.2%€7.41M▲ 4.7%€7.63M▲ 2.9%€8.12M▲ 6.4%
Total assets€9.43M▲ 2.7%€11.25M▲ 19.2%€10.66M▼ 5.2%€10.60M▼ 0.5%€10.95M▲ 3.3%
Debt€3.64M▲ 12.4%€4.17M▲ 14.5%€3.24M▼ 22.2%€2.98M▼ 8.3%€2.84M▼ 4.6%
Working capital€4.69M▼ 4.9%€6.06M▲ 29.3%€6.39M▲ 5.5%€6.30M▼ 1.5%€6.66M▲ 5.8%
Staff (FTE)35▼ 0.6%36.5▲ 4.3%33.1▼ 9.3%28.8▼ 13.0%27.1▼ 5.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 182% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.95M
Fixed assets
€2.30M ▲ 14.4%
Current assets
€8.65M ▲ 0.7%
Equity and liabilities €10.95M
Equity
€8.12M ▲ 6.4%
Debt
€2.84M ▼ 4.6%
Debt's share of the balance-sheet total falls from 28.1% to 25.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.32M▲
2023 · €620k
Cash flow
€927k▲
2023 · €526k
Current ratio
4.35▲
2023 · 3.75
Quick ratio
3.08▲
2023 · 2.36
Debt to equity
0.35▼
2023 · 0.39
ROE
6.0%▲
2023 · 2.8%
ROA
4.5%▲
2023 · 2.0%
Interest coverage
21.56▲
2023 · 12.90
Debt ≤ 1 year
€1.99M▼
2023 · €2.29M
Debt > 1 year
€846k▲
2023 · €682k
Income taxes
€249k▲
2023 · €136k
Staff costs
€1.81M▼
2023 · €1.96M
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €16.85M | €14.69M | €15.14M | €15.22M | ▲ 0.5% |
| Turnover70 | €12.67M | €16.67M | €14.45M | €14.99M | €15.02M | ▲ 0.2% |
| Other operating income74 | - | €172k | €172k | €111k | €120k | ▲ 7.9% |
| Non-recurring operating income76A | - | - | €71k | €30k | €75k | ▲ 149% |
| Operating charges60/66A | - | €15.20M | €13.76M | €14.82M | €14.34M | ▼ 3.3% |
| Goods for resale, raw materials and consumables60 | - | €11.30M | €9.80M | €11.03M | €10.63M | ▼ 3.6% |
| Purchases600/8 | - | €11.39M | €10.06M | €11.66M | €9.98M | ▼ 14.4% |
| Change in stocks: decrease (increase)609 | - | €-93k | €-265k | €-628k | €649k | ▲ 203% |
| Services and other goods61 | - | €1.51M | €1.56M | €1.46M | €1.38M | ▼ 5.8% |
| Remuneration, social security and pensions62 | - | €1.99M | €1.95M | €1.96M | €1.81M | ▼ 7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €292k | €336k | €284k | €309k | €438k | ▲ 41.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €89k | - | - | - |
| Other operating charges640/8 | - | €64k | €67k | €67k | €81k | ▲ 22.4% |
| Non-recurring operating charges66A | - | - | €2k | €1k | €500 | ▼ 58.8% |
| Operating profit (loss)9901 | €-149k | €1.65M | €935k | €311k | €879k | ▲ 182% |
| Financial income75/76B | - | €27k | €38k | €135k | €18k | ▼ 86.9% |
| Recurring financial income75 | €52k | €24k | €38k | €18k | €15k | ▼ 14.6% |
| Income from financial fixed assets750 | - | - | €5k | - | - | - |
| Income from current assets751 | - | €724 | - | €7k | €2k | ▼ 70.0% |
| Other financial income752/9 | - | €23k | €34k | €11k | €13k | ▲ 22.5% |
| Non-recurring financial income76B | - | €4k | - | €117k | €3k | ▼ 97.9% |
| Financial charges65/66B | - | €116k | €448k | €93k | €159k | ▲ 71.0% |
| Recurring financial charges65 | €49k | €110k | €107k | €91k | €135k | ▲ 47.5% |
| Debt charges650 | €49k | €45k | €50k | €48k | €61k | ▲ 27.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | €9k | €-9k | - | - |
| Other financial charges652/9 | - | €65k | €49k | €52k | €74k | ▲ 41.2% |
| Non-recurring financial charges66B | - | €6k | €341k | €2k | €24k | ▲ 1,471% |
| Profit (loss) for the period before taxes9903 | €-142k | €1.56M | €525k | €353k | €738k | ▲ 109% |
| Income taxes67/77 | €11k | €272k | €191k | €136k | €249k | ▲ 82.8% |
| Taxes670/3 | - | €272k | €245k | €136k | €249k | ▲ 82.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | €53k | - | - | - |
| Profit (loss) for the period9904 | €-153k | €1.29M | €334k | €217k | €489k | ▲ 125% |
| Transfer from tax-exempt reserves789 | - | - | - | €63k | €126k | ▲ 100% |
| Transfer to tax-exempt reserves689 | - | €126k | - | €105k | - | - |
| Profit (loss) for the period to be appropriated9905 | €-216k | €1.16M | €334k | €175k | €615k | ▲ 252% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.43M | €11.25M | €10.66M | €10.60M | €10.95M | ▲ 3.3% |
| Fixed assets21/28 | €2.26M | €2.02M | €1.88M | €2.01M | €2.30M | ▲ 14.4% |
| Intangible fixed assets21 | - | - | - | €91k | €205k | ▲ 125% |
| Tangible fixed assets22/27 | €2.26M | €2.02M | €1.88M | €1.91M | €2.09M | ▲ 9.2% |
| Land and buildings22 | - | €1.52M | €1.45M | €1.43M | €1.30M | ▼ 8.5% |
| Plant, machinery and equipment23 | - | €295k | €215k | €227k | €372k | ▲ 63.6% |
| Furniture and vehicles24 | - | €203k | €209k | €259k | €284k | ▲ 9.6% |
| Leasing and similar rights25 | - | - | - | - | €127k | - |
| Other tangible fixed assets26 | - | - | - | - | €1k | - |
| Financial fixed assets28 | - | - | - | €9k | €9k | = |
| Other financial fixed assets284/8 | - | - | - | €9k | €9k | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €9k | €9k | = |
| Current assets29/58 | €7.18M | €9.22M | €8.78M | €8.59M | €8.65M | ▲ 0.7% |
| Amounts receivable after more than one year29 | - | €429k | €336k | €336k | €361k | ▲ 7.4% |
| Other amounts receivable291 | - | €429k | €336k | €336k | €361k | ▲ 7.4% |
| Stocks and contracts in progress3 | €2.19M | €2.29M | €2.55M | €3.18M | €2.53M | ▼ 20.4% |
| Stocks30/36 | - | €2.29M | €2.55M | €3.18M | €2.53M | ▼ 20.4% |
| Goods purchased for resale34 | - | €2.29M | €2.55M | €3.18M | €2.53M | ▼ 20.4% |
| Amounts receivable within one year40/41 | €2.99M | €4.23M | €3.42M | €3.47M | €2.59M | ▼ 25.5% |
| Trade receivables40 | - | €4.11M | €3.40M | €3.39M | €2.55M | ▼ 24.7% |
| Other amounts receivable41 | - | €119k | €24k | €84k | €36k | ▼ 56.8% |
| Current investments50/53 | €100k | €169k | €160k | €169k | €169k | = |
| Other investments51/53 | - | €169k | €160k | €169k | €169k | = |
| Cash at bank and in hand54/58 | €1.40M | €2.07M | €2.25M | €1.40M | €3.00M | ▲ 114% |
| Deferred charges and accrued income490/1 | - | €40k | €58k | €36k | €4k | ▼ 88.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.43M | €11.25M | €10.66M | €10.60M | €10.95M | ▲ 3.3% |
| Equity10/15 | €5.79M | €7.08M | €7.41M | €7.63M | €8.12M | ▲ 6.4% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Capital10 | - | €65k | €65k | €65k | €65k | = |
| Issued capital100 | - | €65k | €65k | €65k | €65k | = |
| Reserves13 | €5.73M | €5.85M | €7.01M | €7.45M | €7.56M | ▲ 1.5% |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | - | €7k | €7k | €7k | €7k | = |
| Tax-exempt reserves132 | - | €227k | €227k | €269k | €143k | ▼ 46.9% |
| Distributable reserves133 | - | €5.62M | €6.78M | €7.18M | €7.41M | ▲ 3.3% |
| Profit (loss) carried forward14 | €136k | €1.16M | €334k | €112k | €489k | ▲ 337% |
| Amounts payable17/49 | €3.64M | €4.17M | €3.24M | €2.98M | €2.84M | ▼ 4.6% |
| Amounts payable after more than one year17 | €1.15M | €1.01M | €860k | €682k | €846k | ▲ 24.0% |
| Financial debts170/4 | - | €1.00M | €857k | €682k | €846k | ▲ 24.0% |
| Leasing and similar obligations172 | - | - | - | - | €102k | - |
| Credit institutions173 | - | €1.00M | €857k | €682k | €745k | ▲ 9.2% |
| Other amounts payable178/9 | - | €3k | €3k | - | - | - |
| Amounts payable within one year42/48 | €2.49M | €3.16M | €2.38M | €2.29M | €1.99M | ▼ 13.2% |
| Current portion of amounts payable after more than one year42 | - | €178k | €208k | €174k | €168k | ▼ 3.5% |
| Financial debts43 | - | €23k | - | €400k | - | - |
| Credit institutions430/8 | - | - | - | €400k | - | - |
| Other loans439 | - | €23k | - | - | - | - |
| Trade debts44 | €592k | €1.80M | €811k | €953k | €950k | ▼ 0.4% |
| Suppliers440/4 | - | €1.80M | €811k | €953k | €950k | ▼ 0.4% |
| Advances received on contracts in progress46 | - | €641k | €985k | €386k | €330k | ▼ 14.6% |
| Taxes, remuneration and social security45 | - | €516k | €380k | €380k | €543k | ▲ 43.1% |
| Taxes450/3 | - | €268k | €145k | €114k | €281k | ▲ 147% |
| Remuneration and social security454/9 | - | €248k | €235k | €265k | €262k | ▼ 1.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-153k | €1.29M | €334k | €217k | €489k | ▲ 125% |
| + Depreciation and write-downs630 | €292k | €336k | €284k | €309k | €438k | ▲ 41.6% |
| Operating cash flow (approximation) | €139k | €1.62M | €617k | €526k | €927k | ▲ 76.1% |
| Investment in fixed assets (approximation) | - | €-103k | €-139k | €-443k | €-728k | ▼ 64.4% |
| Change in cash | - | €672k | €184k | €-855k | €1.60M | ▲ 287% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 106 days late
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 138 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 173 days late
2021
31-12
Financial
Back to profitnet €1.29M
Net result €1.29M after 2 loss-making years.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 136 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 182 days late
2019
31-12
Financial
Weakest financial yearnet €-359k
Net result drops to €-359k, the lowest in the series; recovery starts the following year.
06-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 190 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 121 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Glabbeek · 1 establishment unit since 1986
Ground area
1.5 ha
Building footprint
3,855 m²
Volume, LiDAR
25,155 m³
Parcel 24030B0130/00B000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Craenenbroekstraat 32, 3380 Glabbeek
since 19862.034.942.808
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24030B0130/00B000 | Flanders | 1.5 ha | 1 · 3,855 m² | 9.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 407,014 EUR awarded · 173,120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 378,325 EUR | 149,829 EUR |
| 2024 | 2 | 5,690 EUR | 148 EUR |
| 2023 | 2 | 22,616 EUR | 22,760 EUR |
| 2022 | 1 | 383 EUR | 383 EUR |
Schemes
Ontwikkelingsproject
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGlabbeek-Zuurbemde2.034.942.808
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Of 57 companies in sector 46642 we hold annual accounts for 37. 14 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
Founded19-09-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46610Wholesale trade
46642Wholesale trade
46216Wholesale of agricultural produce and animal feed, general range
46319Wholesale of fruit and vegetables, excluding potatoes
Scores and ratios are computed by Checked and are not a credit decision.