STIFF STYLE
ActiveSummary
STIFF STYLE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,223 and a net result of -€18,745. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 26% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+18
Solvency41▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.68 in 2024; short-term debt: 44.2% and cash: 2.1% of total assets), and 84.2% 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+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€18,745
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 24-02-2026, 157 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
157 d early
2024
160 d early
2023
71 d early
2022
119 d early
2021
167 d early
2020
53 d early
2019
70 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 114 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€171,223▼ 9.9%
2024 · €189,969
Total assets
€1.1m▼ 3.3%
2024 · €1.1m
Net result
-€18,745▲ 75.8%
2024 · -€77,339
Working capital
-€157,534▼ 6.6%
2024 · -€147,808
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
Line20212022202320242025
Operating result€76,539▲ 38.3%€63,167▼ 17.5%€49,075▼ 22.3%-€34,708€17,460
Net result€35,179▲ 4.0%€24,559▼ 30.2%€26,684▲ 8.7%-€77,339-€18,745▲ 75.8%
Equity€216,065▲ 19.4%€240,624▲ 11.4%€267,308▲ 11.1%€189,969▼ 28.9%€171,223▼ 9.9%
Total assets€823,489▲ 6.9%€806,145▼ 2.1%€1.2m▲ 53.8%€1.1m▼ 9.8%€1.1m▼ 3.3%
Debt€607,424▲ 3.1%€565,520▼ 6.9%€972,601▲ 72.0%€928,855▼ 4.5%€910,665▼ 2.0%
Working capital€256,698▲ 12.3%€231,555▼ 9.8%€263,653▲ 13.9%-€147,808-€157,534▼ 6.6%
Staff (FTE)2.6▲ 4.0%2.9▲ 11.5%2.7▼ 6.9%2.3▼ 14.8%0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Total assets +54% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17,460 after a loss of €34,708 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€761,640 ▼ 5.6%
Current assets
€320,249 ▲ 2.7%
Equity and liabilities €1.1m
Equity
€171,223 ▼ 9.9%
Debt
€910,665 ▼ 2.0%
Debt's share of the balance-sheet total rises from 83.0% to 84.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€62,867▲
2024 · €14,147
Cash flow
€26,662▲
2024 · -€28,485
Current ratio
0.67▼
2024 · 0.68
Quick ratio
0.10▲
2024 · 0.06
Debt to equity
5.32▲
2024 · 4.89
ROE
-10.9%▲
2024 · -40.7%
ROA
-1.7%▲
2024 · -6.9%
Interest coverage
1.56▲
2024 · 0.29
Debt ≤ 1 year
€477,783▲
2024 · €459,584
Debt > 1 year
€432,882▼
2024 · €469,271
Income taxes
€529▼
2024 · €598
Staff costs
€57,216▼
2024 · €79,252
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,419 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 1,419 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 | - | - | - | €82,416 | €276 | ▼ 99.7% |
| Remuneration, social security and pensions62 | - | €94,149 | €86,903 | €79,252 | €57,216 | ▼ 27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,563 | €28,947 | €33,525 | €48,854 | €45,407 | ▼ 7.1% |
| Other operating charges640/8 | - | €4,183 | €6,489 | €5,794 | €2,200 | ▼ 62.0% |
| Gross operating margin9900 | €172,880 | €190,446 | €175,992 | €99,193 | €122,283 | ▲ 23.3% |
| Operating profit (loss)9901 | €76,539 | €63,167 | €49,075 | -€34,708 | €17,460 | ▲ 150% |
| Financial income75/76B | - | €8,494 | €9,042 | €7,408 | €4,585 | ▼ 38.1% |
| Recurring financial income75 | €7,527 | €7,855 | €7,983 | €7,408 | €4,585 | ▼ 38.1% |
| Non-recurring financial income76B | - | €639 | €1,059 | - | - | - |
| Financial charges65/66B | - | €35,939 | €31,208 | €49,442 | €40,261 | ▼ 18.6% |
| Recurring financial charges65 | €36,879 | €35,533 | €31,208 | €49,442 | €40,261 | ▼ 18.6% |
| Non-recurring financial charges66B | - | €406 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €49,515 | €35,722 | €26,909 | -€76,741 | -€18,217 | ▲ 76.3% |
| Income taxes67/77 | €14,336 | €11,163 | €225 | €598 | €529 | ▼ 11.6% |
| Profit (loss) for the period9904 | €35,179 | €24,559 | €26,684 | -€77,339 | -€18,745 | ▲ 75.8% |
| Profit (loss) for the period to be appropriated9905 | €35,179 | €24,559 | €26,684 | -€77,339 | -€18,745 | ▲ 75.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €823,489 | €806,145 | €1.2m | €1.1m | €1.1m | ▼ 3.3% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €423,017 | €438,600 | €830,385 | €807,047 | €761,640 | ▼ 5.6% |
| Tangible fixed assets22/27 | €423,017 | €438,230 | €830,015 | €806,677 | €761,270 | ▼ 5.6% |
| Land and buildings22 | - | €435,943 | €828,249 | €805,431 | €760,543 | ▼ 5.6% |
| Plant, machinery and equipment23 | - | €2,287 | €1,767 | €1,247 | €727 | ▼ 41.7% |
| Financial fixed assets28 | - | €370 | €370 | €370 | €370 | = |
| Current assets29/58 | €400,473 | €367,545 | €409,524 | €311,776 | €320,249 | ▲ 2.7% |
| Stocks and contracts in progress3 | €306,003 | €316,678 | €297,677 | €284,531 | €271,174 | ▼ 4.7% |
| Stocks30/36 | - | €316,678 | €297,677 | €284,531 | €271,174 | ▼ 4.7% |
| Amounts receivable within one year40/41 | - | €3,837 | €39,903 | €9,402 | €13,435 | ▲ 42.9% |
| Trade receivables40 | - | - | - | - | €12,963 | - |
| Other amounts receivable41 | - | €3,837 | €39,903 | €9,402 | €471 | ▼ 95.0% |
| Cash at bank and in hand54/58 | €94,469 | €36,579 | €71,944 | €9,329 | €23,213 | ▲ 149% |
| Deferred charges and accrued income490/1 | - | €10,452 | - | €8,514 | €12,427 | ▲ 46.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €823,489 | €806,145 | €1.2m | €1.1m | €1.1m | ▼ 3.3% |
| Equity10/15 | €216,065 | €240,624 | €267,308 | €189,969 | €171,223 | ▼ 9.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €195,605 | €220,164 | €246,848 | €169,509 | €150,763 | ▼ 11.1% |
| Amounts payable17/49 | €607,424 | €565,520 | €972,601 | €928,855 | €910,665 | ▼ 2.0% |
| Amounts payable after more than one year17 | €463,177 | €428,944 | €826,207 | €469,271 | €432,882 | ▼ 7.8% |
| Financial debts170/4 | - | €428,944 | €826,207 | €469,271 | €432,882 | ▼ 7.8% |
| Amounts payable within one year42/48 | €143,774 | €135,991 | €145,871 | €459,584 | €477,783 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | €34,233 | €33,284 | €346,958 | €328,156 | ▼ 5.4% |
| Financial debts43 | - | €15,000 | €10,000 | €32,199 | €60,000 | ▲ 86.3% |
| Credit institutions430/8 | - | €15,000 | €10,000 | €32,199 | €60,000 | ▲ 86.3% |
| Trade debts44 | €39,550 | €31,081 | €71,427 | €30,113 | €41,252 | ▲ 37.0% |
| Suppliers440/4 | - | €31,081 | €71,427 | €30,113 | €41,252 | ▲ 37.0% |
| Taxes, remuneration and social security45 | - | €37,865 | €20,899 | €39,818 | €48,376 | ▲ 21.5% |
| Taxes450/3 | - | €23,412 | - | €26,673 | €37,614 | ▲ 41.0% |
| Remuneration and social security454/9 | - | €14,453 | €20,899 | €13,145 | €10,762 | ▼ 18.1% |
| Other amounts payable47/48 | - | €17,812 | €10,261 | €10,496 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €586 | €523 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,179 | €24,559 | €26,684 | -€77,339 | -€18,745 | ▲ 75.8% |
| + Depreciation and write-downs630 | €27,563 | €28,947 | €33,525 | €48,854 | €45,407 | ▼ 7.1% |
| Operating cash flow (approximation) | €62,742 | €53,506 | €60,208 | -€28,485 | €26,662 | ▲ 194% |
| Investment in fixed assets (approximation) | - | -€44,530 | -€425,310 | -€25,516 | €0 | ▲ 100% |
| Change in cash | - | -€57,891 | €35,365 | -€62,614 | €13,884 | ▲ 122% |
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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€77,339
Net result drops to -€77,339, the lowest in the series; recovery starts the following year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €216,065 ▲19.4%
4 profitable years in a row build equity to €216,065.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €180,886 ▲23%
3 profitable years in a row build equity to €180,886.
22-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €37,046 ▲168%
Net result €37,046, the highest in the series.
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beringen · 1 establishment unit since 2018
Ground area
3,235 m²
Building footprint
1,261 m²
Volume, LiDAR
373 m³
Parcel 71004C0308/00D000, Flanders · tallest building 9.1 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Stiff Style Store
since 20182.278.976.693
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004C0308/00D000 | Flanders | 3,235 m² | 1 · 1,260 m² | 9.1 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
Owners and holdings
1 ownerOwners 1
- Jessica Pauwelsnatural personSourceown accounts 2023100%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of STIFF STYLE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,250 EUR | 2,250 EUR |
| 2023 | 1 | 750 EUR | 750 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeringen2.278.976.693
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Of 1,035 companies in sector 47721 we hold annual accounts for 582. 443 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
Founded05-02-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
47715Retail trade
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809650585
Also
9925:BE0809650585
Registered
04-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.