STICHELBAUT
ActiveSTICHELBAUT has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.61M and a net result of €448k. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 92% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230k at 30 days acceptable
Liquidity ample (current ratio 15.27 against 10.89 in 2024; short-term debt: 5.7% and cash: 36.2% of total assets), and 9.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
90.7%
Return on assets
15.6%
Age of the figures
9 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
35 d early
2023
20 d early
2022
31 d late
2021
5 d late
2020
36 d early
2019
91 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.61M▲ 20.8%
2024 · €2.16M
2018: €343k
2019: €513k
2020: €898k
2021: €1.21M
2022: €1.50M
2023: €1.87M
2024: €2.16M
2018 → 2025
Total assets
€2.87M▲ 22.0%
2024 · €2.35M
2018: €1.08M
2019: €1.17M
2020: €1.62M
2021: €1.45M
2022: €1.71M
2023: €2.10M
2024: €2.35M
2018 → 2025
Net result
€448k▲ 57.6%
2024 · €284k
2018: €95k
2019: €170k
2020: €385k
2021: €310k
2022: €296k
2023: €399k
2024: €284k
2018 → 2025
Working capital
€2.32M▲ 20.8%
2024 · €1.92M
2018: €215k
2019: €393k
2020: €789k
2021: €1.12M
2022: €1.41M
2023: €1.77M
2024: €1.92M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.50M▲ 24.5%€1.87M▲ 24.5%€2.16M▲ 15.2%€2.61M▲ 20.8%
Operating result€433k-€412k▼ 5.0%€564k▲ 36.9%€378k▼ 33.0%€557k▲ 47.6%
Net result€310k-€296k▼ 4.5%€399k▲ 34.7%€284k▼ 28.8%€448k▲ 57.6%
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 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.87M
Fixed assets
€386k▲ 63.1%
Current assets
€2.49M▲ 17.4%
Equity and liabilities €2.87M
Equity
€2.61M▲ 20.8%
Debt
€266k▲ 35.3%
The debt ratio rises from 8.3% to 9.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€594k▲
2024 · €403k
Cash flow
€485k▲
2024 · €309k
Solvency
90.7%▼
2024 · 91.7%
Current ratio
15.27▲
2024 · 10.89
Quick ratio
13.08▲
2024 · 9.29
Debt / equity
0.10▲
2024 · 0.09
ROE
17.2%▲
2024 · 13.2%
ROA
15.6%▲
2024 · 12.1%
Interest coverage
25.16▲
2024 · 20.21
Debt
€266k▲
2024 · €196k
Debt ≤ 1 year
€163k▼
2024 · €194k
Debt > 1 year
€99k▲
2024 · €0
Income taxes
€130k▲
2024 · €123k
Staff costs
€321k▼
2024 · €358k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.35M€2.87M▲
Fixed assets21/28€237k€386k▲
Tangible fixed assets22/27€237k€386k▲
Land and buildings22€187k€349k▲
Plant, machinery and equipment23€24k€20k▼
Furniture and vehicles24€26k€17k▼
Current assets29/58€2.12M€2.49M▲
Amounts receivable after more than one year29€397k€417k▲
Other amounts receivable291€397k€417k▲
Stocks and contracts in progress3€310k€357k▲
Stocks30/36€310k€357k▲
Amounts receivable within one year40/41€780k€657k▼
Trade receivables40€716k€640k▼
Other amounts receivable41€63k€16k▼
Cash at bank and in hand54/58€628k€1.04M▲
Deferred charges and accrued income490/1€2k€14k▲
Equity and liabilities
Total equity and liabilities10/49€2.35M€2.87M▲
Equity10/15€2.16M€2.61M▲
Contributions10/11€159k€159k=
Reserves13€1.88M€1.88M=
Tax-exempt reserves132€5k€5k=
Distributable reserves133€1.87M€1.87M=
Profit (loss) carried forward14€123k€571k▲
Amounts payable17/49€196k€266k▲
Amounts payable after more than one year17€0€99k▲
Financial debts170/4€0€99k▲
Amounts payable within one year42/48€194k€163k▼
Current portion of amounts payable after more than one year42€1k€21k▲
Trade debts44€93k€54k▼
Suppliers440/4€93k€54k▼
Taxes, remuneration and social security45€86k€87k▲
Taxes450/3€42k€50k▲
Remuneration and social security454/9€44k€37k▼
Other amounts payable47/48€14k€567▼
Accrued charges and deferred income492/3€2k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€7k€0▼
Remuneration, social security and pensions62€358k€321k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€37k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k€11k▼
Other operating charges640/8€5k€18k▲
Non-recurring operating charges66A€16k€174▼
Gross operating margin9900€797k€944k▲
Operating profit (loss)9901€378k€557k▲
Financial income75/76B€49k€44k▼
Recurring financial income75€49k€44k▼
Financial charges65/66B€20k€24k▲
Recurring financial charges65€20k€24k▲
Profit (loss) for the period before taxes9903€407k€578k▲
Income taxes67/77€123k€130k▲
Profit (loss) for the period9904€284k€448k▲
Profit (loss) for the period to be appropriated9905€284k€448k▲
Appropriation of the result
Profit (loss) to be appropriated9906€405k€571k▲
Profit (loss) brought forward from the previous period14P€121k€123k▲
Transfer to equity691/2€282k€0▼
To other reserves6921€282k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90876.65.9▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €448k ▲57.6%
Net result €448k, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.16M ▲15.2%
7 profitable years in a row build equity to €2.16M.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 5.80
Current ratio from 2.13 to 5.80; short-term debt falls from €701k to €233k.
31-12
Financial
Equity above €1MEq €1.21M ▲34.5%
4 profitable years in a row build equity to €1.21M.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Equity above €500kEq €513k ▲49.4%
2 profitable years in a row build equity to €513k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Knokke-Heist · 2 establishment units since 1975
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.
't Walletje 278300 Knokke-HeistGround area
2,704 m²
Building footprint
1,217 m²
Volume, LiDAR
4,184 m³
2 parcels, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
G STICHELBAUT & C
since 19752.011.066.950
WOONDEKOR-STICHELBAUT
since 20002.011.067.049
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0084/00N002 | Flanders | 2,160 m² | 1 · 1,006 m² | 4.4 m · 1 fl. |
| 43502D0310/00W000 | Flanders | 544 m² | 1 · 211 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 470 EUR awarded · 470 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 147 EUR | 147 EUR |
| 2024 | 1 | 147 EUR | 147 EUR |
| 2023 | 1 | 110 EUR | 110 EUR |
| 2022 | 1 | 66 EUR | 66 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 471 companies in sector 46442 we hold annual accounts for 334. 167 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-1975
Fiscal year end31-12
Activities, NACEBEL
46442Wholesale trade
46833Wholesale trade
51442
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
47530Retail trade
51532
52461
52486
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.