STICHELBOUT CONSTRUCT
ActiveSTICHELBOUT CONSTRUCT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281k and a net result of €10k. Equity is growing by ~36.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 7431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-34
Solvency64▼-32
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 3.27 in 2024; short-term debt: 61.2% and cash: 29.4% of total assets), but 61.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
38.8%
Return on assets
1.4%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 11-05-2026, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
20 d early
2024
12 d early
2023
13 d late
2022
1 d early
2021
77 d early
2020
32 d early
2019
46 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€281k▼ 39.0%
2024 · €461k
2018: €69k
2019: €99k
2020: €116k
2021: €77k
2022: €268k
2023: €420k
2024: €461k
2018 → 2025
Total assets
€724k▲ 11.8%
2024 · €648k
2018: €259k
2019: €219k
2020: €345k
2021: €326k
2022: €292k
2023: €458k
2024: €648k
2018 → 2025
Net result
€10k▼ 74.7%
2024 · €41k
2018: €69k
2019: €30k
2020: €17k
2021: €17k
2022: €191k
2023: €152k
2024: €41k
2018 → 2025
Working capital
€255k▼ 39.9%
2024 · €425k
2018: €51k
2019: €89k
2020: €104k
2021: €46k
2022: €245k
2023: €374k
2024: €425k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€268k▲ 247%€420k▲ 56.7%€461k▲ 9.7%€281k▼ 39.0%
Operating result€28k-€215k▲ 677%€187k▼ 13.1%€42k▼ 77.6%€-4k
Net result€17k-€191k▲ 1,037%€152k▼ 20.4%€41k▼ 73.2%€10k▼ 74.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €42k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €724k
Fixed assets
€26k▼ 27.6%
Current assets
€698k▲ 14.2%
Equity and liabilities €724k
Equity
€281k▼ 39.0%
Debt
€443k▲ 137%
The debt ratio rises from 28.8% to 61.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €56k
Cash flow
€25k▼
2024 · €54k
Solvency
38.8%▼
2024 · 71.2%
Current ratio
1.58▼
2024 · 3.27
Quick ratio
1.58▼
2024 · 3.27
Debt / equity
1.57▲
2024 · 0.41
ROE
3.7%▼
2024 · 8.8%
ROA
1.4%▼
2024 · 6.3%
Interest coverage
2.75▼
2024 · 13.41
Debt
€443k▲
2024 · €187k
Debt ≤ 1 year
€443k▲
2024 · €187k
Income taxes
€6k
Staff costs
€95k▲
2024 · €93k
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€648k€724k▲
Fixed assets21/28€36k€26k▼
Tangible fixed assets22/27€36k€26k▼
Land and buildings22€2k€5k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€33k€20k▼
Current assets29/58€611k€698k▲
Amounts receivable within one year40/41€561k€436k▼
Trade receivables40€159k-
Other amounts receivable41€402k€436k▲
Cash at bank and in hand54/58€6k€213k▲
Deferred charges and accrued income490/1€45k€49k▲
Equity and liabilities
Total equity and liabilities10/49€648k€724k▲
Equity10/15€461k€281k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€346k€171k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€340k€165k▼
Profit (loss) carried forward14€53k€48k▼
Amounts payable17/49€187k€443k▲
Amounts payable within one year42/48€187k€443k▲
Current portion of amounts payable after more than one year42€150k-
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€33k€14k▼
Taxes450/3€26k€6k▼
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48-€424k
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€93k€95k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€1k€861▼
Gross operating margin9900€150k€107k▼
Operating profit (loss)9901€42k€-4k▼
Financial income75/76B€3k€24k▲
Recurring financial income75€3k€24k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€41k€17k▼
Income taxes67/77-€6k
Profit (loss) for the period9904€41k€10k▼
Profit (loss) for the period to be appropriated9905€41k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€63k▲
Profit (loss) brought forward from the previous period14P€12k€53k▲
Transfer from equity791/2-€190k
Transfer to equity691/2-€15k
To other reserves6921-€15k
Profit to be distributed694/7-€190k
Return on contributions (dividend)694-€190k
The notes to these accounts (4 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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-10
Financial
Weakest financial yearnet €10k ▼74.7%
Net result drops to €10k, the lowest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
Financial
Highest result since 2018net €191k ▲1037%
Operating result €215k, net result €191k, both a record.
31-10
Financial
Liquidity times 10current ratio 11.39
Current ratio from 1.18 to 11.39; short-term debt falls from €249k to €24k.
31-10
Financial
Equity above €200kEq €268k ▲247%
5 profitable years in a row build equity to €268k.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
Financial
Equity above €100kEq €116k ▲17.4%
3 profitable years in a row build equity to €116k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 1995
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.
Bijstert(Aal) 148511 KortrijkGround area
1,280 m²
Building footprint
258 m²
Volume, LiDAR
1,358 m³
Parcel 34001B0482/00E000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STICHELBOUT CONSTRUCT
since 19952.071.371.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34001B0482/00E000 | Flanders | 1,280 m² | 1 · 258 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
M.B BOTTON
BE 0876.552.970
Hamois · Eq €281k
GEERT BUYSE
BE 0476.735.402
Deinze · Eq €281k
Grondwerken Meirhaeghe
BE 0440.296.856
Deinze · Eq €281k
TILANO
BE 0806.433.155
Dilbeek · Eq €282k
SEBASTIEN LANGE
BE 0543.648.277
Theux · Eq €281k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 11,170 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-10-1994
Fiscal year end31-10
Activities, NACEBEL
41001General construction of residential buildings
45211
71111Activities of building architects
74201Photography, excluding press photography
43320Joinery installation
43343Specialised construction activities
43410Roofing work
45220
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 31 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.