STB
ActiveSummary
STB has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191,750 and a net result of €31,886. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 49% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+21
Solvency71▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.15 in 2024; short-term debt: 15.6% and cash: 1.1% of total assets), and 53.9% 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
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
Specialised construction activities (NACE 43)
about 85% 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
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
46.1%
Return on assets
7.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
30 d early
2023
33 d early
2022
30 d late
2021
54 d late
2020
61 d late
2019
28 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 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€191,750▲ 19.9%
2024 · €159,864
Total assets
€416,353▼ 4.6%
2024 · €436,302
Net result
€31,886
2024 · -€23,714
Working capital
-€55,610▲ 4.8%
2024 · -€58,407
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
Line20212022202320242025
Operating result€61,490▲ 72.3%€50,727▼ 17.5%€21,805▼ 57.0%-€10,990€61,883
Net result€34,297▲ 76.5%€23,195▼ 32.4%€3,852▼ 83.4%-€23,714€31,886
Equity€156,531▲ 16.6%€179,726▲ 14.8%€183,578▲ 2.1%€159,864▼ 12.9%€191,750▲ 19.9%
Total assets€431,196▲ 8.0%€551,395▲ 27.9%€485,185▼ 12.0%€436,302▼ 10.1%€416,353▼ 4.6%
Debt€274,665▲ 3.6%€371,669▲ 35.3%€301,607▼ 18.9%€276,439▼ 8.3%€224,603▼ 18.8%
Working capital-€26,356▼ 1.0%-€50,958▼ 93.3%-€43,726▲ 14.2%-€58,407▼ 33.6%-€55,610▲ 4.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €61,883 after a loss of €10,990 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €416,353
Fixed assets
€406,968 ▼ 4.5%
Current assets
€9,385 ▼ 8.7%
Equity and liabilities €416,353
Equity
€191,750 ▲ 19.9%
Debt
€224,603 ▼ 18.8%
Debt's share of the balance-sheet total falls from 63.4% to 53.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,140▲
2024 · €37,526
Cash flow
€52,143▲
2024 · €24,802
Current ratio
0.14▼
2024 · 0.15
Debt to equity
1.17▼
2024 · 1.73
ROE
16.6%▲
2024 · -14.8%
ROA
7.7%▲
2024 · -5.4%
Interest coverage
3.58▲
2024 · 3.01
Debt ≤ 1 year
€64,995▼
2024 · €68,683
Debt > 1 year
€159,608▼
2024 · €207,755
Income taxes
€7,061▲
2024 · €275
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 | €17,941 | €22,007 | €48,891 | €48,516 | €20,257 | ▼ 58.2% |
| Other operating charges640/8 | €3,660 | €2,212 | €1,287 | €9,767 | €1,975 | ▼ 79.8% |
| Gross operating margin9900 | €83,090 | €74,946 | €71,983 | €47,293 | €84,115 | ▲ 77.9% |
| Operating profit (loss)9901 | €61,490 | €50,727 | €21,805 | -€10,990 | €61,883 | ▲ 663% |
| Financial income75/76B | €229 | €42 | €1 | €1 | - | - |
| Recurring financial income75 | €229 | €42 | €1 | €1 | - | - |
| Financial charges65/66B | €11,336 | €19,213 | €15,931 | €12,450 | €22,936 | ▲ 84.2% |
| Recurring financial charges65 | €11,336 | €19,213 | €15,931 | €12,450 | €22,936 | ▲ 84.2% |
| Profit (loss) for the period before taxes9903 | €50,384 | €31,557 | €5,875 | -€23,439 | €38,948 | ▲ 266% |
| Income taxes67/77 | €16,086 | €8,362 | €2,023 | €275 | €7,061 | ▲ 2,466% |
| Profit (loss) for the period9904 | €34,297 | €23,195 | €3,852 | -€23,714 | €31,886 | ▲ 234% |
| Profit (loss) for the period to be appropriated9905 | €34,297 | €23,195 | €3,852 | -€23,714 | €31,886 | ▲ 234% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €431,196 | €551,395 | €485,185 | €436,302 | €416,353 | ▼ 4.6% |
| Fixed assets21/28 | €393,750 | €522,335 | €473,444 | €426,026 | €406,968 | ▼ 4.5% |
| Tangible fixed assets22/27 | €393,750 | €522,335 | €473,444 | €426,026 | €406,968 | ▼ 4.5% |
| Land and buildings22 | €390,006 | €376,315 | €358,739 | €341,163 | €323,703 | ▼ 5.1% |
| Plant, machinery and equipment23 | €2,907 | €3,358 | €2,466 | €1,573 | €691 | ▼ 56.1% |
| Furniture and vehicles24 | €838 | €142,661 | €112,239 | €83,290 | €82,574 | ▼ 0.9% |
| Current assets29/58 | €37,445 | €29,060 | €11,741 | €10,276 | €9,385 | ▼ 8.7% |
| Amounts receivable within one year40/41 | €34,073 | €10,398 | €9,521 | €8,512 | €4,636 | ▼ 45.5% |
| Trade receivables40 | €24,957 | €5,216 | €5,320 | €7,620 | - | - |
| Other amounts receivable41 | €9,116 | €5,182 | €4,201 | €892 | €4,636 | ▲ 420% |
| Cash at bank and in hand54/58 | €3,372 | €18,662 | €2,220 | €1,764 | €4,643 | ▲ 163% |
| Deferred charges and accrued income490/1 | - | - | - | - | €106 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €431,196 | €551,395 | €485,185 | €436,302 | €416,353 | ▼ 4.6% |
| Equity10/15 | €156,531 | €179,726 | €183,578 | €159,864 | €191,750 | ▲ 19.9% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €144,131 | €167,326 | €171,178 | €147,464 | €179,350 | ▲ 21.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €142,271 | €165,466 | €169,318 | €145,604 | €177,490 | ▲ 21.9% |
| Amounts payable17/49 | €274,665 | €371,669 | €301,607 | €276,439 | €224,603 | ▼ 18.8% |
| Amounts payable after more than one year17 | €210,864 | €291,651 | €246,140 | €207,755 | €159,608 | ▼ 23.2% |
| Financial debts170/4 | €210,864 | €291,651 | €245,571 | €198,773 | €155,130 | ▼ 22.0% |
| Other amounts payable178/9 | - | - | €569 | €8,982 | €4,478 | ▼ 50.1% |
| Amounts payable within one year42/48 | €63,801 | €80,018 | €55,467 | €68,683 | €64,995 | ▼ 5.4% |
| Current portion of amounts payable after more than one year42 | €28,325 | €44,586 | €46,080 | €46,798 | €43,643 | ▼ 6.7% |
| Financial debts43 | €6,000 | €10,000 | - | - | €11,000 | - |
| Credit institutions430/8 | €6,000 | €10,000 | - | - | €11,000 | - |
| Trade debts44 | €12,878 | €13,294 | €5,525 | €16,798 | €6,385 | ▼ 62.0% |
| Suppliers440/4 | €12,878 | €13,294 | €5,525 | €16,798 | €6,385 | ▼ 62.0% |
| Taxes, remuneration and social security45 | €4,598 | €12,138 | €3,862 | €5,087 | €3,966 | ▼ 22.0% |
| Taxes450/3 | €4,598 | €10,038 | €3,862 | €3,187 | €2,066 | ▼ 35.2% |
| Remuneration and social security454/9 | - | €2,100 | - | €1,900 | €1,900 | = |
| Other amounts payable47/48 | €12,000 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,297 | €23,195 | €3,852 | -€23,714 | €31,886 | ▲ 234% |
| + Depreciation and write-downs630 | €17,941 | €22,007 | €48,891 | €48,516 | €20,257 | ▼ 58.2% |
| Operating cash flow (approximation) | €52,238 | €45,202 | €52,743 | €24,802 | €52,143 | ▲ 110% |
| Investment in fixed assets (approximation) | - | -€150,591 | €0 | -€1,098 | -€1,198 | ▼ 9.1% |
| Change in cash | - | €15,290 | -€16,443 | -€456 | €2,879 | ▲ 732% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €31,886
Net result €31,886 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Highest result since 2018net €34,297 ▲76.5%
Net result €34,297, the highest in the series.
31-12
Financial
Equity above €150,000Eq €156,531 ▲16.6%
3 profitable years in a row build equity to €156,531.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €15,973
Net result €15,973 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €114,803 ▲16.2%
Equity rises from €98,830 to €114,803.
Show earlier events
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 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, Pelt · 1 establishment unit since 2001
Ground area
1,128 m²
Building footprint
245 m²
Volume, LiDAR
1,052 m³
Parcel 72033B0729/00V000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Peerderbaan 64, 3910 Pelt
since 20012.101.181.039
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72033B0729/00V000 | Flanders | 1,128 m² | 1 · 245 m² | 7.2 m · 2 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 to 2025 · 2 entries · 1,544 EUR awarded · 1,544 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,210 EUR | 1,210 EUR |
| 2022 | 1 | 334 EUR | 334 EUR |
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,447 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
Founded06-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.