STAX
ActiveSummary
STAX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,600 and a net result of €90,741. Equity is growing by ~61.4% per year across the filed fiscal years. Its solvency ranks better than 13% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency32▼-52
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.93 against 3.6 in 2024; short-term debt: 73.9% and cash: 62.2% of total assets), and 92.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
7.3%
Return on assets
35.8%
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 13% of 8737 sector peers (2025).
NBB · sector comparisonPosition among 8737 sector peers
Solvency
better than 13%
← 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 28-03-2026, 125 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
125 d early
2024
28 d late
2023
16 d late
2022
29 d late
2021
23 d late
2020
31 d late
2019
91 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 13 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€18,600▼ 85.3%
2024 · €126,934
Total assets
€253,543▲ 18.5%
2024 · €214,016
Net result
€90,741▲ 88.0%
2024 · €48,266
Working capital
-€12,317
2024 · €113,387
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Operating result€16,720▲ 39.7%€13,192▼ 21.1%€45,222▲ 243%€73,251▲ 62.0%€130,817▲ 78.6%
Net result€9,939within the sector's middle half▲ 32.5%€6,512within the sector's middle half▼ 34.5%€30,966within the sector's middle half▲ 376%€48,266within the sector's middle half▲ 55.9%€90,741within the sector's middle half▲ 88.0%
Equity€41,190within the sector's middle half▲ 119%€47,702within the sector's middle half▲ 15.8%€78,668within the sector's middle half▲ 64.9%€126,934within the sector's middle half▲ 61.4%€18,600below the sector's middle half▼ 85.3%
Total assets€54,311below the sector's middle half▲ 57.1%€92,839within the sector's middle half▲ 70.9%€138,934within the sector's middle half▲ 49.7%€214,016within the sector's middle half▲ 54.0%€253,543below the sector's middle half▲ 18.5%
Debt€13,122▼ 16.5%€45,137▲ 244%€60,266▲ 33.5%€87,083▲ 44.5%€234,943▲ 170%
Working capital€38,541▲ 108%€45,198▲ 17.3%€70,116▲ 55.1%€113,387▲ 61.7%-€12,317
Solvency75.8%within the sector's middle half▲ 21.3pp51.4%within the sector's middle half▼ 24.5pp56.6%within the sector's middle half▲ 5.2pp59.3%within the sector's middle half▲ 2.7pp7.3%below the sector's middle half▼ 52.0pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 79% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €253,543
Fixed assets
€78,466 ▲ 37.7%
Current assets
€175,077 ▲ 11.5%
Equity and liabilities €253,543
Equity
€18,600 ▼ 85.3%
Debt
€234,943 ▲ 170%
Debt's share of the balance-sheet total rises from 40.7% to 92.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€133,153▲
2024 · €75,221
Cash flow
€93,077▲
2024 · €50,236
Current ratio
0.93▼
2024 · 3.60
Debt to equity
12.63▲
2024 · 0.69
ROE
487.9%▲
2024 · 38.0%
ROA
35.8%▲
2024 · 22.6%
Interest coverage
46.51▲
2024 · 27.55
Debt ≤ 1 year
€187,394▲
2024 · €43,628
Debt > 1 year
€47,549▲
2024 · €43,455
Income taxes
€37,213▲
2024 · €23,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,151 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €11,415 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €787 | €6,940 | €1,537 | €1,970 | €2,336 | ▲ 18.6% |
| Other operating charges640/8 | €1,406 | €890 | €1,156 | €1,160 | €968 | ▼ 16.6% |
| Gross operating margin9900 | €18,913 | €21,023 | €47,915 | €76,381 | €134,120 | ▲ 75.6% |
| Operating profit (loss)9901 | €16,720 | €13,192 | €45,222 | €73,251 | €130,817 | ▲ 78.6% |
| Financial income75/76B | €0 | - | - | €1,635 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | - | - | €1,635 | €0 | ▼ 100% |
| Financial charges65/66B | €1,105 | €1,910 | €2,625 | €2,731 | €2,863 | ▲ 4.8% |
| Recurring financial charges65 | €1,105 | €1,910 | €2,625 | €2,731 | €2,863 | ▲ 4.8% |
| Profit (loss) for the period before taxes9903 | €15,615 | €11,283 | €42,597 | €72,155 | €127,954 | ▲ 77.3% |
| Income taxes67/77 | €5,676 | €4,771 | €11,631 | €23,889 | €37,213 | ▲ 55.8% |
| Profit (loss) for the period9904 | €9,939 | €6,512 | €30,966 | €48,266 | €90,741 | ▲ 88.0% |
| Profit (loss) for the period to be appropriated9905 | €9,939 | €6,512 | €30,966 | €48,266 | €90,741 | ▲ 88.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,311 | €92,839 | €138,934 | €214,016 | €253,543 | ▲ 18.5% |
| Fixed assets21/28 | €2,648 | €32,833 | €45,191 | €57,001 | €78,466 | ▲ 37.7% |
| Tangible fixed assets22/27 | €2,528 | €32,713 | €45,071 | €57,001 | €78,466 | ▲ 37.7% |
| Land and buildings22 | - | €30,888 | €42,190 | €55,351 | €78,008 | ▲ 40.9% |
| Furniture and vehicles24 | €2,528 | €1,825 | €2,882 | €1,651 | €458 | ▼ 72.2% |
| Financial fixed assets28 | €120 | €120 | €120 | €0 | - | - |
| Current assets29/58 | €51,663 | €60,006 | €93,743 | €157,015 | €175,077 | ▲ 11.5% |
| Amounts receivable within one year40/41 | €2,428 | €20,220 | €16,554 | €77,526 | €17,061 | ▼ 78.0% |
| Trade receivables40 | €1,928 | €20,220 | €15,186 | €22,204 | €17,061 | ▼ 23.2% |
| Other amounts receivable41 | €500 | €0 | €1,369 | €55,323 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €48,417 | €36,221 | €77,027 | €79,326 | €157,776 | ▲ 98.9% |
| Deferred charges and accrued income490/1 | €818 | €3,566 | €161 | €163 | €240 | ▲ 47.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,311 | €92,839 | €138,934 | €214,016 | €253,543 | ▲ 18.5% |
| Equity10/15 | €41,190 | €47,702 | €78,668 | €126,934 | €18,600 | ▼ 85.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €22,590 | €29,102 | €60,068 | €108,334 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €456 | €456 | €0 | - | - | - |
| Reserves not available under the articles1311 | €456 | €456 | €0 | - | - | - |
| Distributable reserves133 | €22,134 | €28,646 | €60,068 | €108,334 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €13,122 | €45,137 | €60,266 | €87,083 | €234,943 | ▲ 170% |
| Amounts payable after more than one year17 | - | €29,509 | €36,640 | €43,455 | €47,549 | ▲ 9.4% |
| Financial debts170/4 | - | €29,509 | €36,640 | €43,455 | €47,549 | ▲ 9.4% |
| Amounts payable within one year42/48 | €13,122 | €14,809 | €23,627 | €43,628 | €187,394 | ▲ 330% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | €7,501 | - |
| Financial debts43 | €2,506 | €3,366 | €10,876 | €20,066 | €21,110 | ▲ 5.2% |
| Credit institutions430/8 | €2,506 | €3,366 | €10,876 | €20,066 | €21,110 | ▲ 5.2% |
| Trade debts44 | €1,478 | €426 | €1,533 | €6,572 | €15,230 | ▲ 132% |
| Suppliers440/4 | €1,478 | €426 | €1,533 | €6,572 | €15,230 | ▲ 132% |
| Taxes, remuneration and social security45 | €7,084 | €10,997 | €11,001 | €16,990 | €22,774 | ▲ 34.0% |
| Taxes450/3 | €7,084 | €10,997 | €11,001 | €16,990 | €22,774 | ▲ 34.0% |
| Other amounts payable47/48 | €2,054 | €21 | €217 | €0 | €120,780 | - |
| Accrued charges and deferred income492/3 | - | €819 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,939 | €6,512 | €30,966 | €48,266 | €90,741 | ▲ 88.0% |
| + Depreciation and write-downs630 | €787 | €6,940 | €1,537 | €1,970 | €2,336 | ▲ 18.6% |
| Operating cash flow (approximation) | €10,726 | €13,452 | €32,503 | €50,236 | €93,077 | ▲ 85.3% |
| Investment in fixed assets (approximation) | - | -€37,125 | -€13,896 | -€13,780 | -€23,800 | ▼ 72.7% |
| Change in cash | - | -€12,196 | €40,806 | €2,299 | €78,450 | ▲ 3,312% |
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
28-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €90,741 ▲88%
Operating result €130,817, net result €90,741, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Equity above €100,000Eq €126,934 ▲61.4%
6 profitable years in a row build equity to €126,934.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €5,117
Net result €5,117 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
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 2017
Ground area
3,890 m²
Building footprint
1,827 m²
Volume, LiDAR
37,122 m³
Parcel 11003B0248/00Z002, Flanders · tallest building 23.7 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STAX
since 20172.261.319.329
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003B0248/00Z002 | Flanders | 3,890 m² | 1 · 1,827 m² | 23.7 m · 7 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 · 1 entry · 1,697 EUR awarded · 1,697 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,697 EUR | 1,697 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 29,823 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
Founded07-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670829135
Also
9925:BE0670829135
Registered
02-12-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.