STBW
ActiveSummary
STBW has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €174k and a net result of €130k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 40% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+5
Solvency66▼-12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.96 in 2024; short-term debt: 58.8% and cash: 15.4% of total assets), and 58.8% 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○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
41.2%
Return on assets
30.8%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-01-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
111 d early
2023
138 d early
2022
40 d early
2021
40 d early
2020
109 d early
2019
20 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€174k▼ 23.1%
2024 · €226k
Total assets
€421k▼ 1.2%
2024 · €427k
Net result
€130k▲ 44.2%
2024 · €90k
Working capital
€-30k▼ 243%
2024 · €-9k
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€73k▲ 37.7%€38k▼ 47.9%€91k▲ 140%€101k▲ 11.9%€135k▲ 33.1%
Net result€46k▲ 0.8%€27k▼ 41.4%€80k▲ 197%€90k▲ 12.8%€130k▲ 44.2%
Equity€258k▲ 15.5%€261k▲ 1.1%€211k▼ 19.0%€226k▲ 7.2%€174k▼ 23.1%
Total assets€385k▲ 2.0%€450k▲ 16.9%€476k▲ 5.8%€427k▼ 10.4%€421k▼ 1.2%
Debt€127k▼ 17.5%€189k▲ 48.6%€265k▲ 40.0%€201k▼ 24.3%€248k▲ 23.4%
Working capital€188k▼ 0.1%€177k▼ 5.8%€63k▼ 64.3%€-9k€-30k▼ 243%
Staff (FTE)5.4▲ 25.6%6.6▲ 22.2%5.3▼ 19.7%4.3▼ 18.9%3.9▼ 9.3%
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 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €421k
Fixed assets
€204k ▼ 13.0%
Current assets
€217k ▲ 13.2%
Equity and liabilities €421k
Equity
€174k ▼ 23.1%
Debt
€248k ▲ 23.4%
Debt's share of the balance-sheet total rises from 47.0% to 58.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€201k▲
2024 · €151k
Cash flow
€195k▲
2024 · €139k
Current ratio
0.88▼
2024 · 0.96
Debt to equity
1.42▲
2024 · 0.89
ROE
74.7%▲
2024 · 39.9%
ROA
30.8%▲
2024 · 21.1%
Interest coverage
486.89▲
2024 · 50.41
Debt ≤ 1 year
€248k▲
2024 · €201k
Income taxes
€5k▼
2024 · €11k
Staff costs
€332k▼
2024 · €351k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €367k | €383k | €351k | €332k | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €25k | €30k | €49k | €66k | ▲ 33.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €150 | - | €180 | - | - |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▼ 12.9% |
| Gross operating margin9900 | €370k | €431k | €505k | €503k | €534k | ▲ 6.1% |
| Operating profit (loss)9901 | €73k | €38k | €91k | €101k | €135k | ▲ 33.1% |
| Financial income75/76B | - | €79 | €15 | €3k | €255 | ▼ 90.9% |
| Recurring financial income75 | €289 | €79 | €15 | €877 | €255 | ▼ 71.0% |
| Non-recurring financial income76B | - | - | - | €2k | - | - |
| Financial charges65/66B | - | €1k | €1k | €3k | €412 | ▼ 86.2% |
| Recurring financial charges65 | €1k | €1k | €1k | €3k | €412 | ▼ 86.2% |
| Profit (loss) for the period before taxes9903 | €71k | €37k | €89k | €101k | €135k | ▲ 33.2% |
| Income taxes67/77 | €25k | €10k | €9k | €11k | €5k | ▼ 54.9% |
| Profit (loss) for the period9904 | €46k | €27k | €80k | €90k | €130k | ▲ 44.2% |
| Transfer from tax-exempt reserves789 | - | - | €47k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €46k | €27k | €126k | €90k | €130k | ▲ 44.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385k | €450k | €476k | €427k | €421k | ▼ 1.2% |
| Fixed assets21/28 | €91k | €94k | €151k | €235k | €204k | ▼ 13.0% |
| Intangible fixed assets21 | - | €5k | €4k | €2k | €1k | ▼ 45.2% |
| Tangible fixed assets22/27 | €90k | €89k | €146k | €232k | €203k | ▼ 12.7% |
| Plant, machinery and equipment23 | - | €11k | €25k | €19k | €41k | ▲ 115% |
| Furniture and vehicles24 | - | €56k | €101k | €195k | €145k | ▼ 25.6% |
| Other tangible fixed assets26 | - | €22k | €20k | €18k | €17k | ▼ 8.9% |
| Financial fixed assets28 | €1k | €1k | €1k | - | - | - |
| Current assets29/58 | €294k | €355k | €325k | €192k | €217k | ▲ 13.2% |
| Amounts receivable within one year40/41 | €151k | €107k | €110k | €126k | €133k | ▲ 6.1% |
| Trade receivables40 | - | €99k | €71k | €125k | €125k | = |
| Other amounts receivable41 | - | €9k | €39k | €551 | €8k | ▲ 1,397% |
| Cash at bank and in hand54/58 | €125k | €236k | €197k | €50k | €65k | ▲ 29.4% |
| Deferred charges and accrued income490/1 | - | €12k | €18k | €16k | €19k | ▲ 18.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385k | €450k | €476k | €427k | €421k | ▼ 1.2% |
| Equity10/15 | €258k | €261k | €211k | €226k | €174k | ▼ 23.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €239k | €242k | €192k | €207k | €155k | ▼ 25.2% |
| Tax-exempt reserves132 | - | €53k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €189k | €186k | €201k | €149k | ▼ 25.9% |
| Amounts payable17/49 | €127k | €189k | €265k | €201k | €248k | ▲ 23.4% |
| Amounts payable after more than one year17 | €22k | €11k | €3k | - | - | - |
| Financial debts170/4 | - | €11k | €3k | - | - | - |
| Amounts payable within one year42/48 | €106k | €178k | €262k | €201k | €248k | ▲ 23.4% |
| Current portion of amounts payable after more than one year42 | - | €11k | €8k | €3k | - | - |
| Trade debts44 | €28k | €44k | €36k | €35k | €43k | ▲ 23.9% |
| Suppliers440/4 | - | €44k | €36k | €35k | €43k | ▲ 23.9% |
| Taxes, remuneration and social security45 | - | €80k | €68k | €76k | €77k | ▲ 1.2% |
| Taxes450/3 | - | €23k | €18k | €26k | €27k | ▲ 3.0% |
| Remuneration and social security454/9 | - | €58k | €50k | €50k | €50k | ▲ 0.3% |
| Other amounts payable47/48 | - | €43k | €150k | €87k | €128k | ▲ 46.6% |
| Accrued charges and deferred income492/3 | - | €42 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €27k | €80k | €90k | €130k | ▲ 44.2% |
| + Depreciation and write-downs630 | €24k | €25k | €30k | €49k | €66k | ▲ 33.1% |
| Operating cash flow (approximation) | €70k | €52k | €110k | €139k | €195k | ▲ 40.3% |
| Investment in fixed assets (approximation) | - | €-28k | €-86k | €-134k | €-35k | ▲ 73.8% |
| Change in cash | - | €111k | €-39k | €-147k | €15k | ▲ 110% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €130k ▲44.2%
Net result €130k, the highest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €27k ▼41.4%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €200kEq €218k ▲36.1%
2 profitable years in a row build equity to €218k.
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Diksmuide · 1 establishment unit since 2010
Ground area
872 m²
Building footprint
482 m²
Volume, LiDAR
3,437 m³
2 parcels, Flanders · tallest building 15.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STBW
since 20102.193.878.989
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32013A0343/00L000 | Flanders | 589 m² | 1 · 236 m² | 9.4 m · 2 fl. |
| 32013A0351/00Z000 | Flanders | 283 m² | 1 · 246 m² | 15.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 949 EUR awarded · 949 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 168 EUR | 168 EUR |
| 2024 | 1 | 195 EUR | 195 EUR |
| 2022 | 1 | 586 EUR | 586 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,658 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
Founded01-10-2010
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.