STAWI
ActiveSummary
STAWI has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198,573 and a net result of €4,843. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 10% of 1053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+1
Solvency35=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.69 against 1.13 in 2024; short-term debt: 18.7% and cash: 5.4% of total assets), and 90.4% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
9.6%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 1053 sector peers (2025).
NBB · sector comparisonPosition among 1053 sector peers
Solvency
better than 10%
← weakest
strongest →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
17 d early
2024
31 d early
2023
5 d early
2022
29 d late
2021
6 d early
2020
1 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 5 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€198,573▲ 2.5%
2024 · €193,730
Total assets
€2.1m▲ 6.2%
2024 · €1.9m
Net result
€4,843
2024 · -€6,187
Working capital
-€119,636
2024 · €19,723
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,313€119,881▲ 635%-€5,316-€3,113▲ 41.4%€5,110
Net result€13,957within the sector's middle half€106,034above the sector's middle half▲ 660%-€392below the sector's middle half-€6,187below the sector's middle half▼ 1,480%€4,843within the sector's middle half
Equity€114,274within the sector's middle half▲ 13.9%€200,308above the sector's middle half▲ 75.3%€199,917above the sector's middle half▼ 0.2%€193,730above the sector's middle half▼ 3.1%€198,573within the sector's middle half▲ 2.5%
Total assets€225,381within the sector's middle half▲ 32.2%€333,152within the sector's middle half▲ 47.8%€2.1mabove the sector's middle half▲ 520%€1.9mabove the sector's middle half▼ 6.0%€2.1mwithin the sector's middle half▲ 6.2%
Debt€111,107▲ 58.2%€132,843▲ 19.6%€1.9m▲ 1,305%€1.7m▼ 6.3%€1.9m▲ 6.7%
Working capital€28,508within the sector's middle half▲ 2,899%-€17,745below the sector's middle half€25,296within the sector's middle half€19,723within the sector's middle half▼ 22.0%-€119,636below the sector's middle half
Solvency50.7%within the sector's middle half▼ 8.1pp60.1%within the sector's middle half▲ 9.4pp9.7%below the sector's middle half▼ 50.5pp10.0%below the sector's middle half▲ 0.3pp9.6%below the sector's middle half▼ 0.4pp
Current ratio1.26within the sector's middle half▲ 0.240.87below the sector's middle half▼ 0.391.09within the sector's middle half▲ 0.231.13within the sector's middle half▲ 0.040.69below the sector's middle half▼ 0.44
Return on assets (ROA)6.2%within the sector's middle half▲ 8.9pp31.8%above the sector's middle half▲ 25.6pp0.0%below the sector's middle half▼ 31.8pp-0.3%below the sector's middle half▼ 0.3pp0.2%below the sector's middle half▲ 0.6pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,110 after a loss of €3,113 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.8m ▲ 1.4%
Current assets
€266,103 ▲ 57.4%
Equity and liabilities €2.1m
Equity
€198,573 ▲ 2.5%
Debt
€1.9m ▲ 6.7%
Debt's share of the balance-sheet total rises from 90.0% to 90.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€52,409▲
2024 · €47,500
Cash flow
€52,142▲
2024 · €44,427
Debt to equity
9.40▲
2024 · 9.03
ROE
2.4%▲
2024 · -3.2%
Interest coverage
2183.72▲
2024 · 1759.26
Debt ≤ 1 year
€385,738▲
2024 · €149,331
Debt > 1 year
€1.5m▼
2024 · €1.6m
Income taxes
€243▼
2024 · €3,046
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,600 | €16,878 | €43,433 | €50,613 | €47,299 | ▼ 6.5% |
| Other operating charges640/8 | €10,445 | €102 | €109 | €118 | €1,118 | ▲ 848% |
| Gross operating margin9900 | €40,357 | €136,861 | €38,226 | €47,618 | €53,528 | ▲ 12.4% |
| Operating profit (loss)9901 | €16,313 | €119,881 | -€5,316 | -€3,113 | €5,110 | ▲ 264% |
| Financial income75/76B | - | - | €4,956 | - | - | - |
| Recurring financial income75 | - | - | €4,956 | - | - | - |
| Financial charges65/66B | €50 | €1,662 | €29 | €27 | €24 | ▼ 11.1% |
| Recurring financial charges65 | €50 | €1,662 | €29 | €27 | €24 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €16,263 | €118,220 | -€389 | -€3,140 | €5,086 | ▲ 262% |
| Income taxes67/77 | €2,306 | €12,186 | €3 | €3,046 | €243 | ▼ 92.0% |
| Profit (loss) for the period9904 | €13,957 | €106,034 | -€392 | -€6,187 | €4,843 | ▲ 178% |
| Profit (loss) for the period to be appropriated9905 | €13,957 | €106,034 | -€392 | -€6,187 | €4,843 | ▲ 178% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225,381 | €333,152 | €2.1m | €1.9m | €2.1m | ▲ 6.2% |
| Fixed assets21/28 | €85,767 | €218,054 | €1.8m | €1.8m | €1.8m | ▲ 1.4% |
| Tangible fixed assets22/27 | €45,767 | €178,054 | €134,621 | €134,007 | €158,208 | ▲ 18.1% |
| Plant, machinery and equipment23 | €45,767 | €178,054 | €134,621 | €134,007 | €158,208 | ▲ 18.1% |
| Financial fixed assets28 | €40,000 | €40,000 | €1.6m | €1.6m | €1.6m | = |
| Current assets29/58 | €139,614 | €115,098 | €292,287 | €169,053 | €266,103 | ▲ 57.4% |
| Amounts receivable within one year40/41 | €48,020 | €82,377 | €253,465 | €105,378 | €153,007 | ▲ 45.2% |
| Trade receivables40 | €42,271 | €1,844 | €19,748 | €16,805 | €51,102 | ▲ 204% |
| Other amounts receivable41 | €5,749 | €80,533 | €233,717 | €88,573 | €101,906 | ▲ 15.1% |
| Cash at bank and in hand54/58 | €91,594 | €32,721 | €38,822 | €63,675 | €112,448 | ▲ 76.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €647 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225,381 | €333,152 | €2.1m | €1.9m | €2.1m | ▲ 6.2% |
| Equity10/15 | €114,274 | €200,308 | €199,917 | €193,730 | €198,573 | ▲ 2.5% |
| Contributions10/11 | €105,000 | €105,000 | €105,000 | €105,000 | €105,000 | = |
| Reserves13 | €9,274 | €95,308 | €94,917 | €94,917 | €94,917 | = |
| Distributable reserves133 | €9,274 | €95,308 | €94,917 | €94,917 | €94,917 | = |
| Profit (loss) carried forward14 | - | - | - | -€6,187 | -€1,344 | ▲ 78.3% |
| Amounts payable17/49 | €111,107 | €132,843 | €1.9m | €1.7m | €1.9m | ▲ 6.7% |
| Amounts payable after more than one year17 | - | - | €1.6m | €1.6m | €1.5m | ▼ 7.5% |
| Other amounts payable178/9 | - | - | €1.6m | €1.6m | €1.5m | ▼ 7.5% |
| Amounts payable within one year42/48 | €111,107 | €132,843 | €266,991 | €149,331 | €385,738 | ▲ 158% |
| Trade debts44 | €47,789 | €43,853 | €26,462 | €53,800 | €123,974 | ▲ 130% |
| Suppliers440/4 | €47,789 | €43,853 | €26,462 | €53,800 | €123,974 | ▲ 130% |
| Taxes, remuneration and social security45 | €3,488 | €16,095 | €14,608 | €2,268 | €13,866 | ▲ 511% |
| Taxes450/3 | €3,488 | €16,095 | €14,608 | €2,268 | €13,866 | ▲ 511% |
| Other amounts payable47/48 | €59,831 | €72,895 | €225,921 | €93,262 | €247,898 | ▲ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,957 | €106,034 | -€392 | -€6,187 | €4,843 | ▲ 178% |
| + Depreciation and write-downs630 | €13,600 | €16,878 | €43,433 | €50,613 | €47,299 | ▼ 6.5% |
| Operating cash flow (approximation) | €27,557 | €122,912 | €43,041 | €44,427 | €52,142 | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | -€149,165 | -€1.6m | -€50,000 | -€71,500 | ▼ 43.0% |
| Change in cash | - | -€58,873 | €6,101 | €24,853 | €48,774 | ▲ 96.3% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €4,843
Net result €4,843 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€6,187
Net result drops to -€6,187, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2020net €106,034 ▲660%
Operating result €119,881, net result €106,034, both a record.
31-12
Financial
Equity above €200,000Eq €200,308 ▲75.3%
2 profitable years in a row build equity to €200,308.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €13,957
Net result €13,957 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Essen · 1 establishment unit since 2019
Ground area
1,346 m²
Building footprint
459 m²
Volume, LiDAR
3,743 m³
Parcel 11642D0732/00S000, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
STAWI
since 20192.293.062.776
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0732/00S000 | Flanders | 1,345 m² | 1 · 459 m² | 12.2 m · 3 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
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
- NKS-InvestsubsidiarySourceown accounts 2024100%
-
33.33%
According to the 2024 annual accounts of STAWI and those 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.
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Of 3,460 companies in this sector we hold annual accounts for 1,656. 1,336 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25510Coating of metals
43120Site preparation
70200Business and other management consultancy
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0733719777
Registered
28-07-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.