STIFI
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 08-12-2023 was due by 08-07-2024 and was filed on 15-07-2024, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2023
7 d late
2022
4 d early
2021
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 1 day after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€799,544▲ 132%
2022 · €344,382
Total assets
€1.6m▲ 17.4%
2022 · €1.4m
Net result
€455,162▲ 388%
2022 · €93,249
Working capital
€1.0m
2022 · -€2,718
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
Line202120222023
Operating result€313,164-€152,260▼ 51.4%€519,127▲ 241%
Net result€221,133-€93,249▼ 57.8%€455,162▲ 388%
Equity€251,133-€344,382▲ 37.1%€799,544▲ 132%
Total assets€1.4m-€1.4m▼ 2.2%€1.6m▲ 17.4%
Debt€1.1m-€1.0m▼ 10.8%€807,251▼ 21.2%
Working capital€22,033--€2,718€1.0m
Staff (FTE)6.3-8.3▲ 31.7%8.2▼ 1.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result +388% on 2022. This fiscal year ran 11 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 241% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.6m
Fixed assets
€101,206 ▼ 85.6%
Current assets
€1.5m ▲ 126%
Equity and liabilities €1.6m
Equity
€799,544 ▲ 132%
Debt
€807,251 ▼ 21.2%
Debt's share of the balance-sheet total falls from 74.8% to 50.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€534,705▲
2022 · €182,974
Cash flow
€470,740▲
2022 · €123,963
Current ratio
3.26▲
2022 · 1.00
Debt to equity
1.01▼
2022 · 2.97
ROE
56.9%▲
2022 · 27.1%
ROA
28.3%▲
2022 · 6.8%
Interest coverage
61.63▲
2022 · 13.38
Debt ≤ 1 year
€462,245▼
2022 · €670,313
Debt > 1 year
€345,006▼
2022 · €353,536
Income taxes
€55,326▲
2022 · €45,333
Staff costs
€224,871▼
2022 · €422,898
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €313,242 | - |
| Remuneration, social security and pensions62 | €318,917 | €422,898 | €224,871 | ▼ 46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,635 | €30,714 | €15,578 | ▼ 49.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €40,563 | -€9,463 | -€13,776 | ▼ 45.6% |
| Other operating charges640/8 | €160 | €446 | €419 | ▼ 6.1% |
| Non-recurring operating charges66A | - | - | €22,972 | - |
| Gross operating margin9900 | €704,438 | €596,856 | €769,191 | ▲ 28.9% |
| Operating profit (loss)9901 | €313,164 | €152,260 | €519,127 | ▲ 241% |
| Financial income75/76B | - | - | €36 | - |
| Recurring financial income75 | - | - | €36 | - |
| Financial charges65/66B | €12,831 | €13,678 | €8,675 | ▼ 36.6% |
| Recurring financial charges65 | €12,831 | €13,678 | €8,675 | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | €300,333 | €138,582 | €510,488 | ▲ 268% |
| Income taxes67/77 | €79,200 | €45,333 | €55,326 | ▲ 22.0% |
| Profit (loss) for the period9904 | €221,133 | €93,249 | €455,162 | ▲ 388% |
| Profit (loss) for the period to be appropriated9905 | €221,133 | €93,249 | €455,162 | ▲ 388% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.4m | €1.4m | €1.6m | ▲ 17.4% |
| Fixed assets21/28 | €727,488 | €700,636 | €101,206 | ▼ 85.6% |
| Tangible fixed assets22/27 | €107,201 | €80,349 | €66,159 | ▼ 17.7% |
| Plant, machinery and equipment23 | €12,545 | €7,692 | €5,880 | ▼ 23.6% |
| Furniture and vehicles24 | €94,656 | €72,657 | €60,279 | ▼ 17.0% |
| Financial fixed assets28 | €620,287 | €620,287 | €35,047 | ▼ 94.3% |
| Current assets29/58 | €671,312 | €667,595 | €1.5m | ▲ 126% |
| Amounts receivable after more than one year29 | €21,254 | €21,254 | €935,951 | ▲ 4,304% |
| Trade receivables290 | €21,254 | €21,254 | €935,951 | ▲ 4,304% |
| Amounts receivable within one year40/41 | €275,544 | €463,090 | €390,372 | ▼ 15.7% |
| Trade receivables40 | €265,512 | €444,045 | €360,062 | ▼ 18.9% |
| Other amounts receivable41 | €10,032 | €19,045 | €30,310 | ▲ 59.1% |
| Cash at bank and in hand54/58 | €372,014 | €180,643 | €173,984 | ▼ 3.7% |
| Deferred charges and accrued income490/1 | €2,500 | €2,608 | €5,281 | ▲ 103% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.6m | ▲ 17.4% |
| Equity10/15 | €251,133 | €344,382 | €799,544 | ▲ 132% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €221,133 | €314,382 | €314,382 | = |
| Distributable reserves133 | €221,133 | €314,382 | €314,382 | = |
| Profit (loss) carried forward14 | - | - | €455,162 | - |
| Amounts payable17/49 | €1.1m | €1.0m | €807,251 | ▼ 21.2% |
| Amounts payable after more than one year17 | €498,388 | €353,536 | €345,006 | ▼ 2.4% |
| Financial debts170/4 | €498,388 | €353,536 | €345,006 | ▼ 2.4% |
| Amounts payable within one year42/48 | €649,279 | €670,313 | €462,245 | ▼ 31.0% |
| Current portion of amounts payable after more than one year42 | €174,734 | €198,278 | €204,174 | ▲ 3.0% |
| Financial debts43 | €1,202 | €5,226 | €3,253 | ▼ 37.8% |
| Credit institutions430/8 | €1,202 | €5,226 | €3,253 | ▼ 37.8% |
| Trade debts44 | €320,948 | €230,496 | €46,335 | ▼ 79.9% |
| Suppliers440/4 | €320,948 | €230,496 | €46,335 | ▼ 79.9% |
| Taxes, remuneration and social security45 | €152,211 | €236,182 | €208,483 | ▼ 11.7% |
| Taxes450/3 | €101,830 | €173,425 | €152,401 | ▼ 12.1% |
| Remuneration and social security454/9 | €50,381 | €62,757 | €56,083 | ▼ 10.6% |
| Other amounts payable47/48 | €184 | €131 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €221,133 | €93,249 | €455,162 | ▲ 388% |
| + Depreciation and write-downs630 | €31,635 | €30,714 | €15,578 | ▼ 49.3% |
| Operating cash flow (approximation) | €252,768 | €123,963 | €470,740 | ▲ 280% |
| Investment in fixed assets (approximation) | - | -€3,862 | €583,852 | ▲ 15,218% |
| Change in cash | - | -€191,370 | -€6,659 | ▲ 96.5% |
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
2026
26-08
State Gazette act
Board meeting · Registered-office move
Permanent representative · Director appointment
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
08-12
Financial
Highest result since 2021net €455,162 ▲388%
Operating result €519,127, net result €455,162, both a record.
08-12
Financial
Liquidity triplescurrent ratio 3.26
Current ratio from 1.00 to 3.26; short-term debt falls from €670,313 to €462,245.
08-12
Financial
Equity above €500,000Eq €799,544 ▲132%
3 profitable years in a row build equity to €799,544.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €93,249 ▼57.8%
Net result drops to €93,249, the lowest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 1 day late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 08-12-2023 list no shareholders, and no other source names one.
Holdings 3
-
100%
-
60%
-
11.34%
According to the annual accounts to 08-12-2023 of STIFI 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
2022 to 2023 · 2 entries · 2,070 EUR awarded · 2,070 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 2,070 EUR |
| 2022 | 1 | 2,070 EUR | 0 EUR |