STAV
ActiveSTAV has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €278k and a net result of €43k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 74% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+3
Solvency94▼-6
Growth85=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 4.74 in 2024; short-term debt: 23.2% and cash: 62.3% of total assets), and 30.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
69.4%
Return on assets
10.6%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
8 d early
2023
7 d early
2022
13 d early
2021
40 d early
2020
17 d late
2019
26 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€183k▲ 128%
2020 · €80k
2018: €95k
2019: €109k
2020: €80k
2018 → 2021
EBIT margin
42.0%▲ 20.2pp
2020 · 21.8%
2018: 14.9%
2019: 38.7%
2020: 21.8%
2018 → 2021
Net result
€43k▲ 5.4%
2024 · €40k
2018: €8k
2019: €27k
2020: €13k
2021: €52k
2022: €57k
2023: €37k
2024: €40k
2018 → 2025
Working capital
€184k▼ 35.1%
2024 · €284k
2018: €119k
2019: €143k
2020: €157k
2021: €197k
2022: €191k
2023: €262k
2024: €284k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€183k-
Equity€219k-€276k▲ 26.3%€313k▲ 13.2%€353k▲ 12.9%€278k▼ 21.4%
Operating result€77k-€80k▲ 4.8%€55k▼ 31.0%€56k▲ 1.1%€65k▲ 16.6%
Net result€52k-€57k▲ 11.6%€37k▼ 36.5%€40k▲ 10.4%€43k▲ 5.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €400k
Fixed assets
€123k▲ 7.9%
Current assets
€277k▼ 23.0%
Equity and liabilities €400k
Equity
€278k▼ 21.4%
Provisions
€802=
Debt
€122k▲ 1.7%
The debt ratio rises from 25.2% to 30.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€80k▲
2024 · €67k
Cash flow
€57k▲
2024 · €51k
Solvency
69.4%▼
2024 · 74.6%
Current ratio
2.98▼
2024 · 4.74
Quick ratio
2.98▼
2024 · 4.74
Debt / equity
0.44▲
2024 · 0.34
ROE
15.3%▲
2024 · 11.4%
ROA
10.6%▲
2024 · 8.5%
Interest coverage
34.43▲
2024 · 20.47
Debt
€122k▲
2024 · €120k
Debt ≤ 1 year
€93k▲
2024 · €76k
Debt > 1 year
€29k▼
2024 · €44k
Income taxes
€21k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€474k€400k▼
Fixed assets21/28€114k€123k▲
Tangible fixed assets22/27€114k€123k▲
Land and buildings22€84k€101k▲
Plant, machinery and equipment23€22k€16k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€4k€4k▼
Financial fixed assets28€211€211=
Current assets29/58€359k€277k▼
Amounts receivable within one year40/41€24k€28k▲
Trade receivables40€24k€28k▲
Other amounts receivable41€6€6=
Cash at bank and in hand54/58€335k€249k▼
Equity and liabilities
Total equity and liabilities10/49€474k€400k▼
Equity10/15€353k€278k▼
Contributions10/11€19k€19k=
Reserves13€319k€243k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€316k€240k▼
Profit (loss) carried forward14€16k€16k▲
Provisions and deferred taxes16€802€802=
Deferred taxes168€802€802=
Amounts payable17/49€120k€122k▲
Amounts payable after more than one year17€44k€29k▼
Financial debts170/4€44k€29k▼
Amounts payable within one year42/48€76k€93k▲
Current portion of amounts payable after more than one year42€15k€15k=
Financial debts43€3k€2k▼
Credit institutions430/8€3k€2k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€9k€15k▲
Remuneration and social security454/9€9k€15k▲
Other amounts payable47/48€48k€59k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€14k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€70k€82k▲
Operating profit (loss)9901€56k€65k▲
Financial income75/76B€7k€185▼
Recurring financial income75€7k€185▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€60k€63k▲
Income taxes67/77€19k€21k▲
Profit (loss) for the period9904€40k€43k▲
Profit (loss) for the period to be appropriated9905€40k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€58k▲
Profit (loss) brought forward from the previous period14P€15k€16k▲
Transfer from equity791/2-€118k
Transfer to equity691/2€40k€42k▲
To other reserves6921€40k€42k▲
Profit to be distributed694/7-€118k
Return on contributions (dividend)694-€118k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €57k ▲11.6%
Operating result €80k, net result €57k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €219k ▲30.8%
4 profitable years in a row build equity to €219k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Equity above €150kEq €154k ▲21.4%
2 profitable years in a row build equity to €154k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Tielt · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beneluxlaan 288700 TieltGround area
495 m²
Building footprint
299 m²
Volume, LiDAR
1,498 m³
Parcel 37302E0451/00T010, Flanders · tallest building 11.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Beneluxlaan 28, 8700 Tielt
since 19932.193.677.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0451/00T010 | Flanders | 495 m² | 1 · 299 m² | 11.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 · 2 entries · 324 EUR awarded · 324 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 120 EUR | 120 EUR |
| 2022 | 1 | 204 EUR | 204 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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LEMARCHAND J.P. & CIE
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Liège · Eq €278k
AAN TAFEL Schrijnwerkerij - Meubelmakerij
BE 0893.110.078
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DEMAZY Max
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Assesse · Eq €278k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 6,999 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-1993
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
71122Land surveying
43343Specialised construction activities
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.