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STELLA VIOLA

Active
Private limited companyfounded 2013active for 13 yearsJan Palfijnstraat 36, 9000 Gent, BelgiumKBO/BCE: BE 0534.601.543
Summary

STELLA VIOLA has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€96,384) and a net result of -€10,475. Equity is shrinking by about 27% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.5% (low).

Financials · financial year 2025, micro format

Equity
-€96,384▼ 12.2%
2024 · -€85,909
Total assets
€412,473▼ 9.0%
2024 · €453,509
Net result
-€10,475▼ 274%
2024 · -€2,802
Working capital
-€71,279▼ 8.4%
2024 · -€65,733
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result turns negative in 2025: a loss of €1,824 after €6,481 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€1,824 2025 Net result-€10,475 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€4,519--€17,744▼ 293%-€11,693▲ 34.1%-€14,582▼ 24.7%-€8,410▲ 42.3%€6,481-€1,824
Net result-€15,686--€26,388▼ 68.2%-€21,510▲ 18.5%-€24,280▼ 12.9%-€17,684▲ 27.2%-€2,802▲ 84.2%-€10,475▼ 274%
Equity€6,755--€19,633-€41,143▼ 110%-€65,423▼ 59.0%-€83,107▼ 27.0%-€85,909▼ 3.4%-€96,384▼ 12.2%
Total assets€550,369-€586,434▲ 6.6%€558,982▼ 4.7%€527,385▼ 5.7%€488,196▼ 7.4%€453,509▼ 7.1%€412,473▼ 9.0%
Debt€543,614-€606,067▲ 11.5%€600,124▼ 1.0%€592,808▼ 1.2%€571,304▼ 3.6%€539,419▼ 5.6%€508,857▼ 5.7%
Working capital-€36,557-€9,599-€23,418-€49,264▼ 110%-€64,072▼ 30.1%-€65,733▼ 2.6%-€71,279▼ 8.4%
Staff (FTE)0.21.2▲ 500%0.9▼ 25.0%0.3▼ 66.7%0.5▲ 66.7%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €412,473
Fixed assets €396,007 ▼ 8.6%
Current assets €16,467 ▼ 18.7%
Equity and liabilities
Equity-€96,384
Debt€508,857
Equity is negative: debt (€508,857) exceeds the balance-sheet total (€412,473).
Key figures and ratios
2025 value · change against 2024
EBITDA
€35,422▼
2024 · €43,715
Cash flow
€26,771▼
2024 · €34,432
Solvency
-23.4%▼
2024 · -18.9%
Current ratio
0.19▼
2024 · 0.24
Quick ratio
0.11▲
2024 · 0.09
ROA
-2.5%▼
2024 · -0.6%
Interest coverage
4.09▼
2024 · 4.69
Debt ≤ 1 year
€87,745▲
2024 · €85,990
Debt > 1 year
€415,970▼
2024 · €450,541
Staff costs
€325▼
2024 · €13,944
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 90.6% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.8% went bankrupt
5.8% stopped otherwise
90.6% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 74.5% 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 2,332 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€453,509€412,473▼
Fixed assets21/28€433,252€396,007▼
Tangible fixed assets22/27€433,252€396,007▼
Plant, machinery and equipment23€3,434€973▼
Other tangible fixed assets26€429,818€395,033▼
Current assets29/58€20,257€16,467▼
Stocks and contracts in progress3€12,685€6,985▼
Stocks30/36€12,685€6,985▼
Amounts receivable within one year40/41€95€5,483▲
Trade receivables40€95€5,483▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€6,707€3,628▼
Deferred charges and accrued income490/1€770€371▼
Equity and liabilities
Total equity and liabilities10/49€453,509€412,473▼
Equity10/15-€85,909-€96,384▼
Contributions10/11€48,600€48,600=
Profit (loss) carried forward14-€134,509-€144,984▼
Amounts payable17/49€539,419€508,857▼
Amounts payable after more than one year17€450,541€415,970▼
Financial debts170/4€410,031€383,920▼
Other amounts payable178/9€40,510€32,050▼
Amounts payable within one year42/48€85,990€87,745▲
Current portion of amounts payable after more than one year42€25,688€26,111▲
Trade debts44€9,876€7,114▼
Suppliers440/4€9,876€7,114▼
Taxes, remuneration and social security45€3,789€2,431▼
Taxes450/3€2,091€2,431▲
Remuneration and social security454/9€1,698€0▼
Other amounts payable47/48€46,637€52,090▲
Accrued charges and deferred income492/3€2,888€5,142▲
Income statement Code20242025
Remuneration, social security and pensions62€13,944€325▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37,234€37,245=
Other operating charges640/8€3,220€6,842▲
Gross operating margin9900€60,878€42,589▼
Operating profit (loss)9901€6,481-€1,824▼
Financial income75/76B€36€0▼
Recurring financial income75€36€0▼
Financial charges65/66B€9,319€8,651▼
Recurring financial charges65€9,319€8,651▼
Profit (loss) for the period before taxes9903-€2,802-€10,475▼
Profit (loss) for the period9904-€2,802-€10,475▼
Profit (loss) for the period to be appropriated9905-€2,802-€10,475▼
Appropriation of the result
Profit (loss) to be appropriated9906-€134,509-€144,984▼
Profit (loss) brought forward from the previous period14P-€131,707-€134,509▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Remuneration, social security and pensions62--€4,174€29,045€23,992€13,944€325▼ 97.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30,327€30,886€34,310€36,553€37,193€37,234€37,245=
Other operating charges640/8--€1,119€1,861€3,267€3,220€6,842▲ 112%
Gross operating margin9900€27,573€14,255€27,910€52,877€56,042€60,878€42,589▼ 30.0%
Operating profit (loss)9901-€4,519-€17,744-€11,693-€14,582-€8,410€6,481-€1,824-
Financial income75/76B--€0€161€0€36€0▼ 99.7%
Recurring financial income75€17€34€0€161€0€36€0▼ 99.7%
Financial charges65/66B--€9,817€9,859€9,274€9,319€8,651▼ 7.2%
Recurring financial charges65€11,185€8,678€9,817€9,859€9,274€9,319€8,651▼ 7.2%
Profit (loss) for the period before taxes9903-€15,686-€26,388-€21,510-€24,280-€17,684-€2,802-€10,475▼ 274%
Profit (loss) for the period9904-€15,686-€26,388-€21,510-€24,280-€17,684-€2,802-€10,475▼ 274%
Profit (loss) for the period to be appropriated9905-€15,686-€26,388-€21,510-€24,280-€17,684-€2,802-€10,475▼ 274%
Line2019202020212022202320242025Change
Assets
Total assets20/58€550,369€586,434€558,982€527,385€488,196€453,509€412,473▼ 9.0%
Fixed assets21/28€547,551€529,374€528,953€501,966€467,279€433,252€396,007▼ 8.6%
Tangible fixed assets22/27€547,551€529,374€528,953€501,966€467,279€433,252€396,007▼ 8.6%
Plant, machinery and equipment23--€11,222€8,576€5,930€3,434€973▼ 71.7%
Furniture and vehicles24--€664€332€0---
Other tangible fixed assets26--€517,068€493,058€461,349€429,818€395,033▼ 8.1%
Current assets29/58€2,818€57,060€30,029€25,419€20,917€20,257€16,467▼ 18.7%
Stocks and contracts in progress3--€12,685€12,685€12,685€12,685€6,985▼ 44.9%
Stocks30/36--€12,685€12,685€12,685€12,685€6,985▼ 44.9%
Amounts receivable within one year40/41€1,279€374€377€1,376€3,448€95€5,483▲ 5,702%
Trade receivables40--€238€1,376€3,344€95€5,483▲ 5,702%
Other amounts receivable41--€139-€104€0--
Cash at bank and in hand54/58€1,539€56,686€16,015€10,651€4,785€6,707€3,628▼ 45.9%
Deferred charges and accrued income490/1--€951€707€0€770€371▼ 51.9%
Equity and liabilities
Total equity and liabilities10/49€550,369€586,434€558,982€527,385€488,196€453,509€412,473▼ 9.0%
Equity10/15€6,755-€19,633-€41,143-€65,423-€83,107-€85,909-€96,384▼ 12.2%
Contributions10/11€48,600-€48,600€48,600€48,600€48,600€48,600=
Profit (loss) carried forward14-€41,845-€68,233-€89,743-€114,023-€131,707-€134,509-€144,984▼ 7.8%
Amounts payable17/49€543,614€606,067€600,124€592,808€571,304€539,419€508,857▼ 5.7%
Amounts payable after more than one year17€504,239€557,036€545,715€517,162€484,389€450,541€415,970▼ 7.7%
Financial debts170/4--€490,715€460,992€435,719€410,031€383,920▼ 6.4%
Other amounts payable178/9--€55,000€56,170€48,670€40,510€32,050▼ 20.9%
Amounts payable within one year42/48€39,375€47,461€53,447€74,683€84,989€85,990€87,745▲ 2.0%
Current portion of amounts payable after more than one year42--€24,461€24,864€25,273€25,688€26,111▲ 1.6%
Trade debts44€219€79€18,609€8,155€19,564€9,876€7,114▼ 28.0%
Suppliers440/4--€18,609€8,155€19,564€9,876€7,114▼ 28.0%
Taxes, remuneration and social security45--€2,663€9,052€0€3,789€2,431▼ 35.8%
Taxes450/3--€2,663€3,140€0€2,091€2,431▲ 16.2%
Remuneration and social security454/9---€5,912€0€1,698€0▼ 100%
Other amounts payable47/48--€7,714€32,614€40,153€46,637€52,090▲ 11.7%
Accrued charges and deferred income492/3--€963€963€1,925€2,888€5,142▲ 78.1%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€15,686-€26,388-€21,510-€24,280-€17,684-€2,802-€10,475▼ 274%
+ Depreciation and write-downs630€30,327€30,886€34,310€36,553€37,193€37,234€37,245=
Operating cash flow (approximation)€14,640€4,498€12,800€12,272€19,509€34,432€26,771▼ 22.3%
Investment in fixed assets (approximation)--€12,709-€33,889-€9,565-€2,506-€3,208€0-
Change in cash-€55,147-€40,671-€5,365-€5,866€1,923-€3,079-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 01-07-2026 2026-00231006
31-12-2024 micro format 30-07-2025 2025-00327301
31-12-2023 micro format 10-07-2024 2024-00229702
31-12-2022 micro format 01-07-2023 2023-00185935
31-12-2021 micro format 04-07-2022 2022-20124069
31-12-2020 micro format 28-07-2021 2021-42000053
31-12-2019 micro format 24-07-2020 2020-33600222
31-03-2018 micro format 12-09-2018 2018-62900122
31-03-2017 abbreviated format 23-10-2017 2017-67400421
31-03-2016 abbreviated format 23-11-2016 2016-68200091

Show all 11 filings

Subsidies and aid

Flemish government

2022 · 1 entry · €2,000 awarded · €2,000 paid
Schemes
1 entry · €2,000 · €2,000 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.