Stella Bikes
Open bankruptcySummary
A bankruptcy procedure is open for Stella Bikes according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €456k and a net result of €202k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€456k▲ 80.0%
2021 · €253k
2020: €73k
2021: €253k
2020 → 2022
Total assets
€2.79M▼ 73.1%
2021 · €10.38M
2020: €2.07M
2021: €10.38M
2020 → 2022
Net result
€202k▲ 12.3%
2021 · €180k
2020: €73k
2021: €180k
2020 → 2022
Working capital
€-583k▼ 18.3%
2021 · €-493k
2020: €-1.07M
2021: €-493k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€73k-€253k▲ 247%€456k▲ 80.0%
Operating result€104k-€261k▲ 150%€315k▲ 21.0%
Net result€73k-€180k▲ 148%€202k▲ 12.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2022 is 21% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €2.79M
Fixed assets
€1.06M ▲ 15.0%
Current assets
€1.72M ▼ 81.8%
Equity and liabilities €2.79M
Equity
€456k ▲ 80.0%
Debt
€2.33M ▼ 77.0%
Debt's share of the balance-sheet total falls from 97.6% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€685k▲
2021 · €564k
Cash flow
€572k▲
2021 · €484k
Current ratio
0.75▼
2021 · 0.95
Quick ratio
0.16▼
2021 · 0.88
Debt to equity
5.12▼
2021 · 40.02
ROE
44.4%▼
2021 · 71.2%
ROA
7.3%▲
2021 · 1.7%
Interest coverage
1757.40▲
2021 · 27.89
Debt ≤ 1 year
€2.31M▼
2021 · €9.95M
Income taxes
€113k▲
2021 · €60k
Staff costs
€2.18M▲
2021 · €1.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 51 lines
Balance sheet
Code20212022
Assets
Total assets20/58€10.38M€2.79M▼
Fixed assets21/28€926k€1.06M▲
Intangible fixed assets21€530k€333k▼
Tangible fixed assets22/27€387k€731k▲
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€113k€291k▲
Other tangible fixed assets26€267k€436k▲
Assets under construction and advance payments27€3k€0▼
Financial fixed assets28€9k€0▼
Current assets29/58€9.45M€1.72M▼
Stocks and contracts in progress3€663k€1.36M▲
Stocks30/36€663k€1.36M▲
Amounts receivable within one year40/41€8.42M€255k▼
Trade receivables40€280k€247k▼
Other amounts receivable41€8.14M€8k▼
Cash at bank and in hand54/58€293k€108k▼
Deferred charges and accrued income490/1€80k€0▼
Equity and liabilities
Total equity and liabilities10/49€10.38M€2.79M▼
Equity10/15€253k€456k▲
Contributions10/11€100€100=
Reserves13€253k€455k▲
Distributable reserves133€253k€455k▲
Amounts payable17/49€10.13M€2.33M▼
Amounts payable within one year42/48€9.95M€2.31M▼
Trade debts44€8.72M€795k▼
Suppliers440/4€8.72M€795k▼
Advances received on contracts in progress46€740k€765k▲
Taxes, remuneration and social security45€473k€746k▲
Taxes450/3€226k€369k▲
Remuneration and social security454/9€248k€377k▲
Other amounts payable47/48€18k€0▼
Accrued charges and deferred income492/3€180k€26k▼
Income statement
Code20212022
Remuneration, social security and pensions62€1.27M€2.18M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€304k€370k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€367k
Other operating charges640/8€23k€0▼
Non-recurring operating charges66A-€37k
Gross operating margin9900€1.86M€3.27M▲
Operating profit (loss)9901€261k€315k▲
Financial income75/76B€51€0▼
Recurring financial income75€51€0▼
Financial charges65/66B€20k€390▼
Recurring financial charges65€20k€390▼
Profit (loss) for the period before taxes9903€241k€315k▲
Income taxes67/77€60k€113k▲
Profit (loss) for the period9904€180k€202k▲
Profit (loss) for the period to be appropriated9905€180k€202k▲
Appropriation of the result
Profit (loss) to be appropriated9906€180k€202k▲
Transfer to equity691/2€180k€202k▲
To other reserves6921€180k€202k▲
Social balance
Average headcount (FTE)908729.240.5▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
20-11
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · STELLA BIKES BV BEEMDEN- STRAAT 7/1, 2340 BEERSE · event 12-11-2024
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 450 days late
2022
31-12
Financial
Highest result since 2020net €202k ▲12.3%
Operating result €315k, net result €202k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €253k ▲247%
2 profitable years in a row build equity to €253k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Beerse · 9 establishment units since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beemdenstraat 72340 BeerseGround area
5.2 ha
Building footprint
2.3 ha
Volume, LiDAR
141,678 m³
9 parcels, Flanders · tallest building 37.6 m, ±2 floors. Linked by address, not a title deed.
9 establishment units
Stella Bikes
since 20192.289.595.423
Stella Bikes
since 20202.312.574.327
Genkersteenweg 303B, 3500 Hasselt
since 20202.343.325.604
Stella Bikes
since 20202.312.574.525
Stella Bikes
since 20202.312.574.723
Stella Bikes
since 20202.312.574.426
Show 3 more locations
Koningin Astridlaan 97, 8200 Brugge
since 20222.334.003.607
Stella Bikes
since 20222.334.003.409
Stella Bikes
since 20222.334.003.508
9 parcels
Flanders
9
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0339/00F002 | Flanders | 3.8 ha | 1 · 1.7 ha | 14.6 m · 2 fl. |
| 71323C0767/00G002 | Flanders | 3,553 m² | 1 · 1,345 m² | - |
| 23038A0018/00P000 | Flanders | 2,342 m² | 1 · 698 m² | 37.6 m · 2 fl. |
| 13004D0176/00N026 | Flanders | 2,140 m² | 1 · 1,293 m² | 6.8 m · 2 fl. |
| 34023B0950/00B003 | Flanders | 1,346 m² | 1 · 509 m² | 6.6 m · 2 fl. |
| 13029E0180/00K000 | Flanders | 1,313 m² | 1 · 593 m² | 8.1 m · 2 fl. |
| 11036A0064/00N000 | Flanders | 1,197 m² | 1 · 406 m² | 6.0 m · 2 fl. |
| 44064B0045/00G002 | Flanders | 1,159 m² | 1 · 499 m² | 6.6 m · 2 fl. |
| 11804D3491/00F007 | Flanders | 1,127 m² | 1 · 351 m² | 32.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 8
9 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | WIM NYSMANS BISSCHOPSLAAN 31, 2340 BEERSE- |
12-11-2024 → present |
| Curator | VEERLE VERHAEGEN STEENWEG OP ZEVEN-
DONK 60, 2300 TURNHOUT |
12-11-2024 → present |
Similar companies · same sector, comparable size
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BE 0880.213.236
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SWOOTH
BE 0523.928.375
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DEBRA
BE 0458.046.074
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RIJWIELHANDEL BIELEN
BE 0428.928.060
Diepenbeek · Eq €450k
Of 1,467 companies in sector 47632 we hold annual accounts for 733. 582 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
46495Wholesale trade
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.