STI
ActiveSummary
The computed 12-month bankruptcy probability of STI is 1.6% (moderate). The annual accounts of STI for fiscal year 2026 show a net loss of 76% of the equity at the start of that year. The 2026 annual accounts show equity of €13,865 and a net result of -€42,882. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 144 sector peers (fiscal year 2026). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability0▼-3
Solvency34▼-35
Growth22▼-17
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.58 against 2.39 in 2025; short-term debt: 16.1% and cash: 9.3% of total assets), but 91.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
8.6%
Return on assets
-26.6%
Age of the figures
6 mo
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
20212223242526
2020 to 2026 · latest year -€42,882
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 144 sector peers (2026).
NBB · sector comparisonPosition among 144 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-09-2026, 46 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2026
46 d early
2025
37 d early
2024
28 d early
2023
63 d early
2022
22 d early
2021
5 d early
2020
53 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 36 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Turnover
€127,548▼ 28.9%
2025 · €179,440
EBIT margin
-31.8%▼ 18.1pp
2025 · -13.7%
Net result
-€42,882▼ 38.6%
2025 · -€30,935
Working capital
€15,128▼ 65.3%
2025 · €43,638
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
Line20222023202420252026
Turnover€269,148▼ 5.3%€279,104▲ 3.7%€253,707▼ 9.1%€179,440▼ 29.3%€127,548▼ 28.9%
Operating result€24,693▼ 68.3%€10,803▼ 56.3%-€2,853-€24,615▼ 763%-€40,533▼ 64.7%
Net result€15,088▼ 75.7%€10,373▼ 31.3%-€9,475-€30,935▼ 226%-€42,882▼ 38.6%
EBIT margin9.2%▼ 18.2pp3.9%▼ 5.3pp-1.1%▼ 5.0pp-13.7%▼ 12.6pp-31.8%▼ 18.1pp
Equity€86,784▲ 21.0%€97,157▲ 12.0%€87,682▼ 9.8%€56,747▼ 35.3%€13,865▼ 75.6%
Total assets€117,525▼ 8.9%€148,696▲ 26.5%€172,765▲ 16.2%€130,005▼ 24.8%€161,179▲ 24.0%
Debt€30,741▼ 46.3%€51,539▲ 67.7%€85,083▲ 65.1%€73,258▼ 13.9%€147,314▲ 101%
Working capital€81,092▼ 11.6%€70,034▼ 13.6%€71,277▲ 1.8%€43,638▼ 38.8%€15,128▼ 65.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40,533 in 2026 against €24,615 in 2025; the loss grows and 2026 has the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €161,179
Fixed assets
€120,111 ▲ 118%
Current assets
€41,068 ▼ 45.2%
Equity and liabilities €161,179
Equity
€13,865 ▼ 75.6%
Debt
€147,314 ▲ 101%
Debt's share of the balance-sheet total rises from 56.4% to 91.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€9,242▼
2025 · -€5,459
Cash flow
-€11,591▲
2025 · -€11,779
Current ratio
1.58▼
2025 · 2.39
Debt to equity
10.62▲
2025 · 1.29
ROE
-309.3%▼
2025 · -54.5%
ROA
-26.6%▼
2025 · -23.8%
Interest coverage
-7.77▼
2025 · -3.05
Debt ≤ 1 year
€25,940▼
2025 · €31,292
Debt > 1 year
€121,374▲
2025 · €41,966
Income taxes
€1,160▼
2025 · €4,536
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 646 companies that looked in July 2024 the way this one looks now, 6.7% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.7%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 646 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €269,148 | €279,104 | €253,707 | €179,440 | €127,548 | ▼ 28.9% |
| Goods, raw materials, services and sundry goods60/61 | €243,178 | €263,757 | €243,468 | €183,935 | €135,126 | ▼ 26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €902 | €4,013 | €12,233 | €19,156 | €31,291 | ▲ 63.3% |
| Other operating charges640/8 | €374 | €531 | €859 | €964 | €1,664 | ▲ 72.6% |
| Gross operating margin9900 | €25,969 | €15,347 | €10,239 | -€4,495 | -€7,578 | ▼ 68.6% |
| Operating profit (loss)9901 | €24,693 | €10,803 | -€2,853 | -€24,615 | -€40,533 | ▼ 64.7% |
| Financial income75/76B | - | - | €3 | €3 | - | - |
| Recurring financial income75 | - | - | €3 | €3 | - | - |
| Financial charges65/66B | €362 | €237 | €337 | €1,787 | €1,189 | ▼ 33.5% |
| Recurring financial charges65 | €362 | €237 | €337 | €1,787 | €1,189 | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | €24,331 | €10,566 | -€3,187 | -€26,399 | -€41,722 | ▼ 58.0% |
| Income taxes67/77 | €9,243 | €193 | €6,288 | €4,536 | €1,160 | ▼ 74.4% |
| Profit (loss) for the period9904 | €15,088 | €10,373 | -€9,475 | -€30,935 | -€42,882 | ▼ 38.6% |
| Profit (loss) for the period to be appropriated9905 | €15,088 | €10,373 | -€9,475 | -€30,935 | -€42,882 | ▼ 38.6% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117,525 | €148,696 | €172,765 | €130,005 | €161,179 | ▲ 24.0% |
| Fixed assets21/28 | €5,692 | €27,123 | €74,231 | €55,075 | €120,111 | ▲ 118% |
| Tangible fixed assets22/27 | €5,692 | €27,123 | €74,231 | €55,075 | €120,111 | ▲ 118% |
| Plant, machinery and equipment23 | €5,692 | €27,123 | €19,835 | €12,547 | €5,968 | ▼ 52.4% |
| Furniture and vehicles24 | - | - | €54,396 | €42,528 | €114,143 | ▲ 168% |
| Current assets29/58 | €111,833 | €121,573 | €98,534 | €74,930 | €41,068 | ▼ 45.2% |
| Amounts receivable within one year40/41 | €60,210 | €62,689 | €34,287 | €33,852 | €24,760 | ▼ 26.9% |
| Trade receivables40 | €56,416 | €62,689 | €34,287 | €33,852 | €24,760 | ▼ 26.9% |
| Other amounts receivable41 | €3,794 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €51,623 | €58,884 | €64,247 | €41,078 | €14,957 | ▼ 63.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,351 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117,525 | €148,696 | €172,765 | €130,005 | €161,179 | ▲ 24.0% |
| Equity10/15 | €86,784 | €97,157 | €87,682 | €56,747 | €13,865 | ▼ 75.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | €12,400 | €12,400 | - | - | - | - |
| Issued capital100 | €20,000 | €20,000 | - | - | - | - |
| Uncalled capital101 | €7,600 | €7,600 | - | - | - | - |
| Profit (loss) carried forward14 | €74,384 | €84,757 | €75,282 | €44,347 | €1,465 | ▼ 96.7% |
| Amounts payable17/49 | €30,741 | €51,539 | €85,083 | €73,258 | €147,314 | ▲ 101% |
| Amounts payable after more than one year17 | - | - | €57,826 | €41,966 | €121,374 | ▲ 189% |
| Financial debts170/4 | - | - | €57,826 | €41,966 | €121,374 | ▲ 189% |
| Amounts payable within one year42/48 | €30,741 | €51,539 | €27,257 | €31,292 | €25,940 | ▼ 17.1% |
| Trade debts44 | - | €17,956 | €2,273 | €5,787 | €2,695 | ▼ 53.4% |
| Suppliers440/4 | - | €17,956 | €2,273 | €5,787 | €2,695 | ▼ 53.4% |
| Taxes, remuneration and social security45 | €21,282 | €15,731 | €6,827 | €6,660 | €3,568 | ▼ 46.4% |
| Taxes450/3 | €21,282 | €15,731 | €6,827 | €6,660 | €3,568 | ▼ 46.4% |
| Other amounts payable47/48 | €9,459 | €17,852 | €18,157 | €18,845 | €19,677 | ▲ 4.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,088 | €10,373 | -€9,475 | -€30,935 | -€42,882 | ▼ 38.6% |
| + Depreciation and write-downs630 | €902 | €4,013 | €12,233 | €19,156 | €31,291 | ▲ 63.3% |
| Operating cash flow (approximation) | €15,990 | €14,386 | €2,758 | -€11,779 | -€11,591 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | -€25,444 | -€59,341 | €0 | -€96,327 | - |
| Change in cash | - | €7,261 | €5,363 | -€23,169 | -€26,121 | ▼ 12.7% |
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 2027, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€42,882
Net result drops to -€42,882, the lowest in the series.
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
12-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Highest result since 2020net €62,088 ▲66.9%
Operating result €77,884, net result €62,088, both a record.
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lochristi · 1 establishment unit since 2018
Ground area
621 m²
Building footprint
125 m²
Volume, LiDAR
658 m³
Parcel 44034C0220/00D000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STI
since 20182.284.306.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0220/00D000 | Flanders | 621 m² | 1 · 124 m² | 8.0 m · 2 fl. |
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.
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Of 1,076 companies in sector 46140 we hold annual accounts for 645. 299 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
Founded29-11-2018
Fiscal year end31-03
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0714929590
Also
9925:BE0714929590
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.