STATION
ActiveSummary
STATION has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,008 and a net result of -€11,566. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 33% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-23
Solvency44▼-1
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.46 against 1.51 in 2024; short-term debt: 53% and cash: 21.8% of total assets), and 81.2% 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
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 →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.8%
Return on assets
-2.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
5 d early
2022
57 d late
2021
109 d late
2020
31 d late
2019
111 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 43 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. Usually files around 31 July (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€1.1m▼ 28.0%
2024 · €1.5m
EBIT margin
-0.1%▼ 2.5pp
2024 · 2.4%
Net result
-€11,566
2024 · €21,326
Working capital
€108,360▼ 11.6%
2024 · €122,592
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€139,748€1.9m€1.5m▼ 20.8%€1.1m▼ 28.0%
Operating result-€3,049▲ 70.2%€36,465-€13,635€36,771-€1,102
Net result-€5,403below the sector's middle half▲ 58.0%€32,911above the sector's middle half-€16,834below the sector's middle half€21,326within the sector's middle half-€11,566below the sector's middle half
EBIT margin-2.2%-0.7%2.4%▲ 3.1pp-0.1%▼ 2.5pp
Equity€58,170within the sector's middle half▼ 8.5%€91,082within the sector's middle half▲ 56.6%€74,247within the sector's middle half▼ 18.5%€95,573below the sector's middle half▲ 28.7%€84,008within the sector's middle half▼ 12.1%
Total assets€293,579within the sector's middle half▲ 43.6%€371,520within the sector's middle half▲ 26.5%€385,587within the sector's middle half▲ 3.8%€476,280below the sector's middle half▲ 23.5%€446,721above the sector's middle half▼ 6.2%
Debt€235,409▲ 67.2%€280,439▲ 19.1%€311,340▲ 11.0%€380,706▲ 22.3%€362,714▼ 4.7%
Working capital-€17,620below the sector's middle half€124,587above the sector's middle half€105,312within the sector's middle half▼ 15.5%€122,592within the sector's middle half▲ 16.4%€108,360within the sector's middle half▼ 11.6%
Solvency19.8%within the sector's middle half▼ 11.3pp24.5%within the sector's middle half▲ 4.7pp19.3%within the sector's middle half▼ 5.3pp20.1%below the sector's middle half▲ 0.8pp18.8%within the sector's middle half▼ 1.3pp
Current ratio0.73below the sector's middle half▼ 0.302.06within the sector's middle half▲ 1.331.67within the sector's middle half▼ 0.391.51within the sector's middle half▼ 0.161.46within the sector's middle half▼ 0.05
Return on assets (ROA)-1.8%below the sector's middle half▲ 4.5pp8.9%within the sector's middle half▲ 10.7pp-4.4%below the sector's middle half▼ 13.2pp4.5%within the sector's middle half▲ 8.8pp-2.6%within the sector's middle half▼ 7.1pp
Staff (FTE)0.41▲ 150%0.9below the sector's middle half▼ 10.0%1▲ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,102 after €36,771 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446,721
Fixed assets
€101,794 ▼ 9.8%
Current assets
€344,927 ▼ 5.1%
Equity and liabilities €446,721
Equity
€84,008 ▼ 12.1%
Debt
€362,714 ▼ 4.7%
Debt's share of the balance-sheet total rises from 79.9% to 81.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9,002▼
2024 · €47,647
Cash flow
-€1,461▼
2024 · €32,202
Quick ratio
1.11▲
2024 · 1.10
Debt to equity
4.32▲
2024 · 3.98
ROE
-13.8%▼
2024 · 22.3%
Interest coverage
0.86▼
2024 · 3.44
Debt ≤ 1 year
€236,567▼
2024 · €240,877
Debt > 1 year
€125,934▼
2024 · €137,400
Income taxes
€33▼
2024 · €1,578
Staff costs
€39,058▲
2024 · €33,947
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,165 companies that looked in July 2024 the way this one looks now, 2.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.6%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,165 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €139,748 | - | €1.9m | €1.5m | €1.1m | ▼ 28.0% |
| Non-recurring operating income76A | - | - | - | €303 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €134,516 | €650,023 | €1.9m | €1.5m | €1.1m | ▼ 27.6% |
| Remuneration, social security and pensions62 | - | €7,411 | €19,828 | €33,947 | €39,058 | ▲ 15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,783 | €6,727 | €10,478 | €10,876 | €10,104 | ▼ 7.1% |
| Other operating charges640/8 | €2,671 | €3,308 | €115 | €1,844 | €4,135 | ▲ 124% |
| Operating charges capitalised as restructuring costs649 | - | - | - | -€2,876 | - | - |
| Non-recurring operating charges66A | - | €2,230 | €4,108 | - | €120 | - |
| Gross operating margin9900 | €5,405 | €56,141 | €20,894 | €80,563 | €52,314 | ▼ 35.1% |
| Operating profit (loss)9901 | -€3,049 | €36,465 | -€13,635 | €36,771 | -€1,102 | ▼ 103% |
| Financial income75/76B | €8 | €5 | €303 | €0 | €0 | ▼ 6.3% |
| Recurring financial income75 | €8 | €5 | €303 | €0 | €0 | ▼ 6.3% |
| Financial charges65/66B | €2,362 | €3,530 | €3,403 | €13,867 | €10,430 | ▼ 24.8% |
| Recurring financial charges65 | €2,362 | €3,530 | €3,403 | €13,867 | €10,430 | ▼ 24.8% |
| Profit (loss) for the period before taxes9903 | -€5,403 | €32,941 | -€16,735 | €22,904 | -€11,532 | ▼ 150% |
| Income taxes67/77 | - | €30 | €99 | €1,578 | €33 | ▼ 97.9% |
| Profit (loss) for the period9904 | -€5,403 | €32,911 | -€16,834 | €21,326 | -€11,566 | ▼ 154% |
| Profit (loss) for the period to be appropriated9905 | -€5,403 | €32,911 | -€16,834 | €21,326 | -€11,566 | ▼ 154% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €293,579 | €371,520 | €385,587 | €476,280 | €446,721 | ▼ 6.2% |
| Fixed assets21/28 | €246,864 | €129,064 | €122,668 | €112,811 | €101,794 | ▼ 9.8% |
| Tangible fixed assets22/27 | €245,164 | €129,064 | €122,668 | €112,811 | €101,794 | ▼ 9.8% |
| Land and buildings22 | €244,684 | €106,170 | €102,674 | €99,177 | €95,681 | ▼ 3.5% |
| Plant, machinery and equipment23 | €480 | €13,387 | €13,044 | €9,240 | €4,202 | ▼ 54.5% |
| Furniture and vehicles24 | - | €9,508 | €6,951 | €4,394 | €1,912 | ▼ 56.5% |
| Financial fixed assets28 | €1,700 | - | - | - | - | - |
| Current assets29/58 | €46,715 | €242,456 | €262,919 | €363,469 | €344,927 | ▼ 5.1% |
| Stocks and contracts in progress3 | €13,000 | €91,561 | €98,238 | €97,550 | €81,364 | ▼ 16.6% |
| Stocks30/36 | €13,000 | €91,561 | €98,238 | €97,550 | €81,364 | ▼ 16.6% |
| Amounts receivable within one year40/41 | €32,473 | €79,130 | €136,169 | €116,113 | €157,322 | ▲ 35.5% |
| Trade receivables40 | €31,000 | €56,767 | €97,514 | €45,822 | €87,020 | ▲ 89.9% |
| Other amounts receivable41 | €1,473 | €22,363 | €38,656 | €70,290 | €70,302 | = |
| Current investments50/53 | - | - | - | - | €5,448 | - |
| Cash at bank and in hand54/58 | €954 | €70,038 | €27,367 | €149,806 | €97,533 | ▼ 34.9% |
| Deferred charges and accrued income490/1 | €288 | €1,727 | €1,145 | - | €3,260 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €293,579 | €371,520 | €385,587 | €476,280 | €446,721 | ▼ 6.2% |
| Equity10/15 | €58,170 | €91,082 | €74,247 | €95,573 | €84,008 | ▼ 12.1% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €14,260 | €14,260 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €43,910 | €76,822 | €59,987 | €81,313 | €69,748 | ▼ 14.2% |
| Amounts payable17/49 | €235,409 | €280,439 | €311,340 | €380,706 | €362,714 | ▼ 4.7% |
| Amounts payable after more than one year17 | €171,074 | €159,709 | €148,657 | €137,400 | €125,934 | ▼ 8.3% |
| Financial debts170/4 | €171,074 | €159,709 | €148,657 | €137,400 | €125,934 | ▼ 8.3% |
| Amounts payable within one year42/48 | €64,335 | €117,870 | €157,608 | €240,877 | €236,567 | ▼ 1.8% |
| Current portion of amounts payable after more than one year42 | €11,150 | €11,807 | €12,008 | €162,186 | €162,412 | ▲ 0.1% |
| Trade debts44 | €12,858 | €18,173 | €69,244 | €2,823 | €6,510 | ▲ 131% |
| Suppliers440/4 | €12,858 | €18,173 | €69,244 | €2,823 | €6,510 | ▲ 131% |
| Taxes, remuneration and social security45 | €549 | €8,909 | €11,182 | €8,997 | €10,703 | ▲ 19.0% |
| Taxes450/3 | €549 | €6,268 | €7,931 | €4,026 | €4,825 | ▲ 19.9% |
| Remuneration and social security454/9 | - | €2,641 | €3,251 | €4,971 | €5,877 | ▲ 18.2% |
| Other amounts payable47/48 | €39,778 | €78,981 | €65,174 | €66,871 | €56,942 | ▼ 14.8% |
| Accrued charges and deferred income492/3 | - | €2,861 | €5,076 | €2,430 | €213 | ▼ 91.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,403 | €32,911 | -€16,834 | €21,326 | -€11,566 | ▼ 154% |
| + Depreciation and write-downs630 | €5,783 | €6,727 | €10,478 | €10,876 | €10,104 | ▼ 7.1% |
| Operating cash flow (approximation) | €380 | €39,638 | -€6,356 | €32,202 | -€1,461 | ▼ 105% |
| Investment in fixed assets (approximation) | - | €111,073 | -€4,082 | -€1,019 | €912 | ▲ 190% |
| Change in cash | - | €69,084 | -€42,672 | €122,439 | -€52,273 | ▼ 143% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €21,326
Net result €21,326 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€16,834
Net result drops to -€16,834, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Back to profitnet €32,911
Net result €32,911 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.06
Current ratio from 0.73 to 2.06.
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
31-12
Financial
Back to profitnet €3,015
Net result €3,015 after one loss-making year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Virton · 1 establishment unit since 2012
Ground area
2,309 m²
Building footprint
276 m²
Volume, LiDAR
1,450 m³
2 parcels, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Chardonnerets,Ethe 17, 6760 Virton
since 20122.211.394.617
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85010C0791/00C000 | Wallonia | 1,330 m² | 1 · 168 m² | 6.8 m · 2 fl. |
| 85010C0796/00E000 | Wallonia | 979 m² | 1 · 109 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,130. 767 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
Founded03-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
68310Real estate agency activities
81210General cleaning of buildings
Contact
E-mail
dimitri_gilson@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847061111
Also
9925:BE0847061111
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.