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STASSI

Active
Private limited companyfounded 20188 yrs activeLange Lozanastraat 72A, 2018 Antwerpen, BelgiumKBO/BCE: BE 0687.874.609
Summary

STASSI has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €92,065 and a net result of €52,939. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 9620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+18
Solvency70▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.56 in 2023; short-term debt: 40.1% and cash: 53.5% of total assets), but 55.2% 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 19-06-2025, 42 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
42 d early
2023
51 d early
2022
60 d early
2021
54 d early
2020
45 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 47 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

STASSI was incorporated on 3 January 2018.1 Total assets fell from EUR 345,754 in 2019 to EUR 205,583 in 2024 and headcount from 3.4 to 2.2 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€92,065▼ 20.4%
2023 · €115,596
Total assets
€205,583▼ 26.3%
2023 · €279,123
Net result
€52,939▲ 74.7%
2023 · €30,297
Working capital
€48,577▼ 25.9%
2023 · €65,552
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
Operating result€246,169▲ 81.8%€164,553▼ 33.2%€48,903▼ 70.3%€45,846▼ 6.3%€73,712▲ 60.8%
Net result€181,831▲ 79.9%€123,007▼ 32.4%€32,780▼ 73.4%€30,297▼ 7.6%€52,939▲ 74.7%
Equity€301,503▲ 152%€424,510▲ 40.8%€97,063▼ 77.1%€115,596▲ 19.1%€92,065▼ 20.4%
Total assets€496,916▲ 43.7%€647,932▲ 30.4%€328,630▼ 49.3%€279,123▼ 15.1%€205,583▼ 26.3%
Debt€195,413▼ 13.6%€223,422▲ 14.3%€231,567▲ 3.6%€163,527▼ 29.4%€113,519▼ 30.6%
Working capital€273,238▲ 163%€371,016▲ 35.8%€51,958▼ 86.0%€65,552▲ 26.2%€48,577▼ 25.9%
Staff (FTE)4.2▲ 23.5%4.6▲ 9.5%4.1▼ 10.9%2.7▼ 34.1%2.2▼ 18.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€100,000€200,000Operating result 2020: €246,169€246,169Net result 2020: €181,831€181,831Operating result 2021: €164,553€164,553Net result 2021: €123,007€123,007Operating result 2022: €48,903€48,903Net result 2022: €32,780€32,780Operating result 2023: €45,846€45,846Net result 2023: €30,297€30,297Operating result 2024: €73,712€73,712Net result 2024: €52,939€52,93920202021202220232024€0€20,000€40,000€60,000€80,000Operating result 2022: €48,903€48,900Net result 2022: €32,780€32,800Operating result 2023: €45,846€45,800Net result 2023: €30,297€30,300Operating result 2024: €73,712€73,700Net result 2024: €52,939€52,900202220232024
The operating result recovers in 2024; 2024 is 61% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €205,583
Fixed assets €74,517 ▼ 22.2%
Current assets €131,066 ▼ 28.5%
Equity and liabilities €205,583
Equity €92,065 ▼ 20.4%
Debt €113,519 ▼ 30.6%
Debt's share of the balance-sheet total falls from 58.6% to 55.2%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€95,396▲
2023 · €67,885
Cash flow
€74,623▲
2023 · €52,336
Current ratio
1.59▲
2023 · 1.56
Debt to equity
1.23▼
2023 · 1.41
ROE
57.5%▲
2023 · 26.2%
ROA
25.8%▲
2023 · 10.9%
Interest coverage
15.22▲
2023 · 11.38
Debt ≤ 1 year
€82,489▼
2023 · €117,741
Debt > 1 year
€31,030▼
2023 · €45,787
Income taxes
€15,497▲
2023 · €10,186
Staff costs
€129,468▼
2023 · €167,507
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet Code20232024
Assets
Total assets20/58€279,123€205,583▼
Fixed assets21/28€95,830€74,517▼
Intangible fixed assets21€2,403€1,465▼
Tangible fixed assets22/27€93,427€73,052▼
Land and buildings22€38,982€31,000▼
Plant, machinery and equipment23€49,182€38,918▼
Furniture and vehicles24€5,263€3,134▼
Current assets29/58€183,293€131,066▼
Amounts receivable within one year40/41€48,777€17,532▼
Trade receivables40€39,662€1,401▼
Other amounts receivable41€9,114€16,131▲
Cash at bank and in hand54/58€132,647€110,080▼
Deferred charges and accrued income490/1€1,870€3,453▲
Equity and liabilities
Total equity and liabilities10/49€279,123€205,583▼
Equity10/15€115,596€92,065▼
Contributions10/11€100€100=
Reserves13€115,496€91,965▼
Distributable reserves133€115,496€91,965▼
Amounts payable17/49€163,527€113,519▼
Amounts payable after more than one year17€45,787€31,030▼
Financial debts170/4€45,787€31,030▼
Amounts payable within one year42/48€117,741€82,489▼
Current portion of amounts payable after more than one year42€24,074€14,748▼
Trade debts44€64,451€39,463▼
Suppliers440/4€64,451€39,463▼
Taxes, remuneration and social security45€25,290€24,440▼
Taxes450/3€8,346€8,997▲
Remuneration and social security454/9€16,944€15,442▼
Other amounts payable47/48€3,926€3,838▼
Income statement Code20232024
Remuneration, social security and pensions62€167,507€129,468▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,039€21,684▼
Other operating charges640/8€1,898€1,828▼
Gross operating margin9900€237,290€226,692▼
Operating profit (loss)9901€45,846€73,712▲
Financial income75/76B€604€992▲
Recurring financial income75€604€992▲
Financial charges65/66B€5,967€6,268▲
Recurring financial charges65€5,967€6,268▲
Profit (loss) for the period before taxes9903€40,483€68,437▲
Income taxes67/77€10,186€15,497▲
Profit (loss) for the period9904€30,297€52,939▲
Profit (loss) for the period to be appropriated9905€30,297€52,939▲
Appropriation of the result
Profit (loss) to be appropriated9906€30,297€52,939▲
Transfer from equity791/2€11,765€76,471▲
Transfer to equity691/2€30,297€52,939▲
To other reserves6921€30,297€52,939▲
Profit to be distributed694/7€11,765€76,471▲
Return on contributions (dividend)694€11,765€76,471▲
Social balance
Average headcount (FTE)90872.72.2▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€166,173€192,422€167,507€129,468▼ 22.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,912€35,810€37,126€22,039€21,684▼ 1.6%
Other operating charges640/8-€1,892€1,809€1,898€1,828▼ 3.7%
Non-recurring operating charges66A-€513----
Gross operating margin9900€451,655€368,941€280,261€237,290€226,692▼ 4.5%
Operating profit (loss)9901€246,169€164,553€48,903€45,846€73,712▲ 60.8%
Financial income75/76B-€10€66€604€992▲ 64.3%
Recurring financial income75€6€10€66€604€992▲ 64.3%
Financial charges65/66B-€6,997€5,036€5,967€6,268▲ 5.0%
Recurring financial charges65€8,187€6,997€5,036€5,967€6,268▲ 5.0%
Profit (loss) for the period before taxes9903€237,988€157,566€43,933€40,483€68,437▲ 69.1%
Income taxes67/77€56,157€34,558€11,154€10,186€15,497▲ 52.1%
Profit (loss) for the period9904€181,831€123,007€32,780€30,297€52,939▲ 74.7%
Profit (loss) for the period to be appropriated9905€181,831€123,007€32,780€30,297€52,939▲ 74.7%
Line20202021202220232024Change
Assets
Total assets20/58€496,916€647,932€328,630€279,123€205,583▼ 26.3%
Fixed assets21/28€145,074€148,603€114,917€95,830€74,517▼ 22.2%
Intangible fixed assets21€30,000€18,659€3,341€2,403€1,465▼ 39.0%
Tangible fixed assets22/27€115,074€129,945€111,575€93,427€73,052▼ 21.8%
Land and buildings22-€52,096€46,829€38,982€31,000▼ 20.5%
Plant, machinery and equipment23-€67,493€56,986€49,182€38,918▼ 20.9%
Furniture and vehicles24-€10,355€7,760€5,263€3,134▼ 40.4%
Current assets29/58€351,842€499,328€213,713€183,293€131,066▼ 28.5%
Amounts receivable within one year40/41€37,316€19,137€12,746€48,777€17,532▼ 64.1%
Trade receivables40-€3,494-€39,662€1,401▼ 96.5%
Other amounts receivable41-€15,643€12,746€9,114€16,131▲ 77.0%
Cash at bank and in hand54/58€314,526€480,192€200,967€132,647€110,080▼ 17.0%
Deferred charges and accrued income490/1---€1,870€3,453▲ 84.7%
Equity and liabilities
Total equity and liabilities10/49€496,916€647,932€328,630€279,123€205,583▼ 26.3%
Equity10/15€301,503€424,510€97,063€115,596€92,065▼ 20.4%
Contributions10/11-€18,600€100€100€100=
Reserves13€282,903€405,910€96,963€115,496€91,965▼ 20.4%
Distributable reserves133-€405,910€96,963€115,496€91,965▼ 20.4%
Amounts payable17/49€195,413€223,422€231,567€163,527€113,519▼ 30.6%
Amounts payable after more than one year17€116,809€93,349€69,811€45,787€31,030▼ 32.2%
Financial debts170/4-€93,349€69,811€45,787€31,030▼ 32.2%
Amounts payable within one year42/48€78,604€128,312€161,755€117,741€82,489▼ 29.9%
Current portion of amounts payable after more than one year42-€22,909€23,538€24,074€14,748▼ 38.7%
Trade debts44€40,955€68,135€43,106€64,451€39,463▼ 38.8%
Suppliers440/4-€68,135€43,106€64,451€39,463▼ 38.8%
Taxes, remuneration and social security45-€34,498€43,587€25,290€24,440▼ 3.4%
Taxes450/3-€12,286€18,369€8,346€8,997▲ 7.8%
Remuneration and social security454/9-€22,212€25,218€16,944€15,442▼ 8.9%
Other amounts payable47/48-€2,769€51,526€3,926€3,838▼ 2.2%
Accrued charges and deferred income492/3-€1,761----
Line20202021202220232024Change
Profit (loss) for the period9904€181,831€123,007€32,780€30,297€52,939▲ 74.7%
+ Depreciation and write-downs630€35,912€35,810€37,126€22,039€21,684▼ 1.6%
Operating cash flow (approximation)€217,743€158,817€69,906€52,336€74,623▲ 42.6%
Investment in fixed assets (approximation)--€39,339-€3,439-€2,952-€371▲ 87.4%
Change in cash-€165,666-€279,225-€68,320-€22,566▲ 67.0%

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

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Timeline · acts, filings and financial milestones

2025
19-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Weakest financial yearnet €30,297 ▼7.6%
Net result drops to €30,297, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €100,000Eq €115,596 ▲19.1%
5 profitable years in a row build equity to €115,596.
01-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Highest result since 2019net €181,831 ▲79.9%
Operating result €246,169, net result €181,831, both a record.
31-12
Financial Liquidity doublescurrent ratio 4.48
Current ratio from 2.19 to 4.48; short-term debt falls from €87,480 to €78,604.
31-12
Financial Equity above €200,000Eq €301,503 ▲152%
2 profitable years in a row build equity to €301,503.
29-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
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, Antwerpen · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
100 m²
Building footprint
100 m²
Volume, LiDAR
1,341 m³
Parcel 11810K1630/00F000, Flanders · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
De Nieuwe Vishal
Lange Lozanastraat 72A, 2018 AntwerpenManufacture of food products
since 20182.271.670.021
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11810K1630/00F000 Flanders 100 m² 1 · 100 m² 16.4 m · 5 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

2024 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid
Year Entries awardedpaid
2025 1 2,000 EUR2,000 EUR
2024 1 2,000 EUR2,000 EUR
Schemes
2 entries · 4,000 EUR · 4,000 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Antwerpen2.271.670.021
1 permission
Toelating · Viswinkel · since 29-01-2018

Similar companies · same sector, comparable size

Of 465 companies in sector 47230 we hold annual accounts for 269. 219 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
Founded03-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47230Retail trade
47279Other retail sale of food
56210Event catering

Scores and ratios are computed by Checked and are not a credit decision.