Stella P.
ActiveSummary
Stella P. has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,443 and a net result of €132,127. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 8765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency58▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.66 in 2024; short-term debt: 67.2% and cash: 24.7% of total assets), and 67.2% 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
32.8%
Return on assets
35.9%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 16-04-2026, 106 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
106 d early
2024
113 d early
2023
125 d early
2022
160 d early
2021
31 d early
2020
74 d early
2019
36 d early
← 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 92 days before 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. Usually files around 9 April (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€120,443▼ 28.4%
2024 · €168,316
Total assets
€367,595▲ 13.3%
2024 · €324,409
Net result
€132,127▲ 2.1%
2024 · €129,399
Working capital
€74,556▼ 28.0%
2024 · €103,491
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€13,858▼ 33.5%-€50,816€198,137€168,603▼ 14.9%€173,363▲ 2.8%
Net result-€1,217below the sector's middle half-€59,713below the sector's middle half▼ 4,806%€153,029within the sector's middle half€129,399within the sector's middle half▼ 15.4%€132,127within the sector's middle half▲ 2.1%
Equity€75,600below the sector's middle half▼ 1.6%€15,888below the sector's middle half▼ 79.0%€68,917below the sector's middle half▲ 334%€168,316within the sector's middle half▲ 144%€120,443within the sector's middle half▼ 28.4%
Total assets€520,191within the sector's middle half▼ 1.1%€168,904below the sector's middle half▼ 67.5%€332,330below the sector's middle half▲ 96.8%€324,409below the sector's middle half▼ 2.4%€367,595within the sector's middle half▲ 13.3%
Debt€444,590▼ 1.0%€153,016▼ 65.6%€263,413▲ 72.1%€156,093▼ 40.7%€247,151▲ 58.3%
Working capital€35,811within the sector's middle half▲ 101%-€15,075within the sector's middle half€37,456within the sector's middle half€103,491within the sector's middle half▲ 176%€74,556within the sector's middle half▼ 28.0%
Solvency14.5%below the sector's middle half▼ 0.1pp9.4%below the sector's middle half▼ 5.1pp20.7%below the sector's middle half▲ 11.3pp51.9%within the sector's middle half▲ 31.1pp32.8%within the sector's middle half▼ 19.1pp
Current ratio1.08within the sector's middle half▲ 0.040.90within the sector's middle half▼ 0.181.14within the sector's middle half▲ 0.241.66within the sector's middle half▲ 0.521.30within the sector's middle half▼ 0.36
Return on assets (ROA)-0.2%below the sector's middle half▼ 1.1pp-35.4%below the sector's middle half▼ 35.1pp46.0%above the sector's middle half▲ 81.4pp39.9%above the sector's middle half▼ 6.2pp35.9%above the sector's middle half▼ 3.9pp
Staff (FTE)4.6within the sector's middle half▼ 9.8%4.3within the sector's middle half▼ 6.5%1.1within the sector's middle half▼ 74.4%1.6within the sector's middle half▲ 45.5%1.8within the sector's middle half▲ 12.5%
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 schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €367,595
Fixed assets
€45,897 ▼ 29.4%
Current assets
€321,698 ▲ 24.0%
Equity and liabilities €367,595
Equity
€120,443 ▼ 28.4%
Debt
€247,151 ▲ 58.3%
Debt's share of the balance-sheet total rises from 48.1% to 67.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€191,862▲
2024 · €183,631
Cash flow
€150,627▲
2024 · €144,427
Debt to equity
2.05▲
2024 · 0.93
ROE
109.7%▲
2024 · 76.9%
Interest coverage
107.07▲
2024 · 55.52
Debt ≤ 1 year
€247,142▲
2024 · €155,920
Income taxes
€39,654▲
2024 · €36,962
Staff costs
€115,854▲
2024 · €111,900
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 | - | €13,698 | €8,840 | €5,329 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €297,792 | €412,517 | €80,232 | €111,900 | €115,854 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,396 | €11,381 | €9,879 | €15,028 | €18,499 | ▲ 23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €3,191 | €2,726 | €985 | €960 | €1,393 | ▲ 45.1% |
| Non-recurring operating charges66A | - | €5,654 | €0 | - | €602 | - |
| Gross operating margin9900 | €339,237 | €381,462 | €289,233 | €296,491 | €309,711 | ▲ 4.5% |
| Operating profit (loss)9901 | €13,858 | -€50,816 | €198,137 | €168,603 | €173,363 | ▲ 2.8% |
| Financial income75/76B | €8,056 | €4,952 | €937 | €1,065 | €211 | ▼ 80.2% |
| Recurring financial income75 | €8,056 | €4,952 | €937 | €1,065 | €211 | ▼ 80.2% |
| Financial charges65/66B | €9,905 | €6,929 | €1,256 | €3,307 | €1,792 | ▼ 45.8% |
| Recurring financial charges65 | €9,905 | €6,929 | €1,256 | €3,307 | €1,792 | ▼ 45.8% |
| Profit (loss) for the period before taxes9903 | €12,009 | -€52,793 | €197,818 | €166,361 | €171,782 | ▲ 3.3% |
| Income taxes67/77 | €13,227 | €6,920 | €44,788 | €36,962 | €39,654 | ▲ 7.3% |
| Profit (loss) for the period9904 | -€1,217 | -€59,713 | €153,029 | €129,399 | €132,127 | ▲ 2.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €75,000 | - |
| Transfer to tax-exempt reserves689 | - | - | - | €46,310 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€1,217 | -€59,713 | €153,029 | €83,089 | €207,127 | ▲ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €520,191 | €168,904 | €332,330 | €324,409 | €367,595 | ▲ 13.3% |
| Fixed assets21/28 | €49,068 | €30,963 | €31,462 | €64,999 | €45,897 | ▼ 29.4% |
| Intangible fixed assets21 | €7,384 | €4,312 | €7,227 | €47,557 | €35,684 | ▼ 25.0% |
| Tangible fixed assets22/27 | €41,684 | €26,651 | €19,858 | €13,064 | €5,835 | ▼ 55.3% |
| Plant, machinery and equipment23 | €4,486 | €2,536 | €1,806 | €1,076 | €346 | ▼ 67.8% |
| Furniture and vehicles24 | €4,230 | €1,634 | €1,091 | €548 | €157 | ▼ 71.4% |
| Other tangible fixed assets26 | €32,968 | €22,481 | €16,961 | €11,440 | €5,333 | ▼ 53.4% |
| Financial fixed assets28 | - | - | €4,377 | €4,377 | €4,377 | = |
| Current assets29/58 | €471,123 | €137,941 | €300,868 | €259,411 | €321,698 | ▲ 24.0% |
| Amounts receivable within one year40/41 | €160,955 | €46,194 | €81,002 | €92,458 | €116,494 | ▲ 26.0% |
| Trade receivables40 | €144,807 | €44,694 | €77,285 | €55,418 | €68,434 | ▲ 23.5% |
| Other amounts receivable41 | €16,148 | €1,500 | €3,716 | €37,040 | €48,060 | ▲ 29.8% |
| Current investments50/53 | €134,269 | €0 | €70,000 | €100,000 | €100,000 | = |
| Cash at bank and in hand54/58 | €156,453 | €81,251 | €144,039 | €56,743 | €90,657 | ▲ 59.8% |
| Deferred charges and accrued income490/1 | €19,447 | €10,496 | €5,828 | €10,209 | €14,548 | ▲ 42.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €520,191 | €168,904 | €332,330 | €324,409 | €367,595 | ▲ 13.3% |
| Equity10/15 | €75,600 | €15,888 | €68,917 | €168,316 | €120,443 | ▼ 28.4% |
| Contributions10/11 | €43,600 | €43,600 | €43,600 | €43,600 | €43,600 | = |
| Reserves13 | €5,290 | €5,290 | €25,000 | €123,810 | €76,310 | ▼ 38.4% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €46,310 | €46,310 | = |
| Distributable reserves133 | €5,290 | €5,290 | €25,000 | €77,500 | €30,000 | ▼ 61.3% |
| Profit (loss) carried forward14 | €26,711 | -€33,002 | €317 | €906 | €533 | ▼ 41.1% |
| Amounts payable17/49 | €444,590 | €153,016 | €263,413 | €156,093 | €247,151 | ▲ 58.3% |
| Amounts payable within one year42/48 | €435,312 | €153,016 | €263,413 | €155,920 | €247,142 | ▲ 58.5% |
| Financial debts43 | - | - | €8,000 | €13,529 | €13,500 | ▼ 0.2% |
| Credit institutions430/8 | - | - | €8,000 | €13,529 | €13,500 | ▼ 0.2% |
| Trade debts44 | €73,450 | €12,814 | €127,457 | €96,774 | €86,882 | ▼ 10.2% |
| Suppliers440/4 | €73,450 | €12,814 | €127,457 | €96,774 | €86,882 | ▼ 10.2% |
| Taxes, remuneration and social security45 | €50,418 | €65,203 | €27,955 | €15,617 | €41,759 | ▲ 167% |
| Taxes450/3 | €21,950 | €32,356 | €18,485 | €3,962 | €27,479 | ▲ 594% |
| Remuneration and social security454/9 | €28,468 | €32,846 | €9,470 | €11,655 | €14,280 | ▲ 22.5% |
| Other amounts payable47/48 | €311,445 | €75,000 | €100,000 | €30,000 | €105,000 | ▲ 250% |
| Accrued charges and deferred income492/3 | €9,278 | €0 | - | €173 | €10 | ▼ 94.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,217 | -€59,713 | €153,029 | €129,399 | €132,127 | ▲ 2.1% |
| + Depreciation and write-downs630 | €24,396 | €11,381 | €9,879 | €15,028 | €18,499 | ▲ 23.1% |
| Operating cash flow (approximation) | €23,179 | -€48,331 | €162,908 | €144,427 | €150,627 | ▲ 4.3% |
| Investment in fixed assets (approximation) | - | €6,724 | -€10,377 | -€48,565 | €602 | ▲ 101% |
| Change in cash | - | -€75,202 | €62,788 | -€87,296 | €33,914 | ▲ 139% |
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
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150,000Eq €168,316 ▲144%
2 profitable years in a row build equity to €168,316.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €153,029
Net result €153,029 after 2 loss-making years.
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€59,713
Net result drops to -€59,713, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-11
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
18-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €4,293
Net result €4,293 after one loss-making year.
02-09
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
Show earlier events
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
11-06
State Gazette act
General meeting · Director resignation
Director appointment
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
10-01
State Gazette act
General meeting · Capital increase
Capital · Net-asset statement
2018
24-12
State Gazette act
General meeting · Director reappointment
Director appointment · Permanent representative
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-08
State Gazette act
Board meeting · Power of attorney
General meeting · Director reappointment
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
2015
01-09
State Gazette act
General meeting · Board meeting
Director reappointment · Permanent representative
2014
16-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
14-02
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
14-02
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
14-02
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
2013
23-07
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
21-03
State Gazette act
Director resignation · Permanent representative
Director appointment
2012
29-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
28-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
25-07
State Gazette act
General meeting · Capital increase
Capital · Share issue · Frank Liesse
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kortrijk · 1 establishment unit since 2012
Ground area
2,779 m²
Building footprint
39 m²
Parcel 34022E0689/00W002, Flanders. Linked by address, not a title deed.
1 establishment unit
Stella P
since 20122.212.226.540
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0689/00W002 | Flanders | 2,779 m² | 1 · 39 m² | 0.0 m |
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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
Coformaco Equity
Shared director
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Ownership & control
4 board mandatesBoard mandates of this companythis company sits on their board4
143 locations
2 locations
2 locations
1 location
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,140 EUR awarded · 1,383 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,756 EUR | 227 EUR |
| 2024 | 1 | 624 EUR | 396 EUR |
| 2023 | 1 | 227 EUR | 383 EUR |
| 2022 | 1 | 533 EUR | 377 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,873 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
Founded07-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846429918
Also
9925:BE0846429918
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.