STELKA

STELKA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10,250 and a net result of -€18,203. Equity is shrinking by about 35% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 80% of 9,727 sector peers (NACE 64, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.