STIFRA
ActiveThe computed 12-month bankruptcy probability of STIFRA is 1.6% (moderate). The 2025 annual accounts show negative equity (€-48k) and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 3668 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+58
Solvency6▼-5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.78 in 2024; short-term debt: 96.8% and cash: 1.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 56
Relative position
BE, all sectors
reference
Sector 56
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
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 2025Solvency, return and age of the figures
Solvency
-18.9%
Return on assets
3.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3668 sector peers (2025).
NBB · sector comparisonPosition among 3668 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
68 d late
2022
38 d late
2021
61 d late
2020
81 d late
2019
122 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
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k
2024 · €-229k
2018: €-7k
2019: €51k
2020: €44k
2021: €47k
2022: €30k
2023: €11k
2024: €-229k
2018 → 2025
Working capital
€-78k▲ 5.1%
2024 · €-83k
2018: €-30k
2019: €557
2020: €76k
2021: €30k
2022: €45k
2023: €73k
2024: €-83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€166k-€161k▼ 3.0%€172k▲ 6.7%€-57k€-48k▲ 15.6%
Operating result€53k-€13k▼ 76.3%€28k▲ 127%€-211k€35k
Net result€47k-€30k▼ 36.2%€11k▼ 64.4%€-229k€9k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35k after a loss of €211k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €255k
Fixed assets
€87k▼ 16.2%
Current assets
€169k▼ 42.7%
Key figures and ratios
EBITDA
€56k▲
2024 · €-189k
Cash flow
€30k▲
2024 · €-207k
Solvency
-18.9%▼
2024 · -14.4%
Current ratio
0.68▼
2024 · 0.78
Quick ratio
0.66▼
2024 · 0.77
Debt / equity
-6.28▲
2024 · -7.95
ROA
3.5%▲
2024 · -57.6%
Interest coverage
4.22▲
2024 · -11.95
Debt
€304k▼
2024 · €455k
Debt ≤ 1 year
€247k▼
2024 · €377k
Debt > 1 year
€53k▼
2024 · €78k
Income taxes
€12k▲
2024 · €2k
Staff costs
€283k▼
2024 · €332k
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€398k€255k▼
Fixed assets21/28€103k€87k▼
Intangible fixed assets21€70k€57k▼
Tangible fixed assets22/27€33k€29k▼
Land and buildings22€7k€0▼
Plant, machinery and equipment23€23k€17k▼
Furniture and vehicles24€490€0▼
Other tangible fixed assets26€3k€12k▲
Financial fixed assets28€292€292=
Current assets29/58€295k€169k▼
Stocks and contracts in progress3€5k€5k▲
Stocks30/36€5k€5k▲
Amounts receivable within one year40/41€270k€154k▼
Trade receivables40€212k€46k▼
Other amounts receivable41€57k€108k▲
Cash at bank and in hand54/58€11k€3k▼
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€398k€255k▼
Equity10/15€-57k€-48k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-65k€-56k▲
Amounts payable17/49€455k€304k▼
Amounts payable after more than one year17€78k€53k▼
Financial debts170/4€78k€53k▼
Amounts payable within one year42/48€377k€247k▼
Current portion of amounts payable after more than one year42€26k€25k▼
Trade debts44€222k€130k▼
Suppliers440/4€222k€130k▼
Advances received on contracts in progress46€75k€22k▼
Taxes, remuneration and social security45€55k€71k▲
Taxes450/3€28k€18k▼
Remuneration and social security454/9€27k€52k▲
Other amounts payable47/48€0€422▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€332k€283k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€219k€3k▼
Gross operating margin9900€362k€343k▼
Operating profit (loss)9901€-211k€35k▲
Financial income75/76B€164€0▼
Recurring financial income75€164€0▼
Financial charges65/66B€16k€13k▼
Recurring financial charges65€16k€13k▼
Profit (loss) for the period before taxes9903€-227k€21k▲
Income taxes67/77€2k€12k▲
Profit (loss) for the period9904€-229k€9k▲
Profit (loss) for the period to be appropriated9905€-229k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-65k€-56k▲
Profit (loss) brought forward from the previous period14P€164k€-65k▼
Social balance
Average headcount (FTE)9087-11.1
The notes to these accounts (19 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-229k ▼2226%
Net result drops to €-229k, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €150kEq €166k ▲39.9%
3 profitable years in a row build equity to €166k.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.32
Current ratio from 1.01 to 2.32; short-term debt falls from €90k to €58k.
31-12
Financial
Equity above €100kEq €119k ▲58%
2 profitable years in a row build equity to €119k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 37 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Walcourt · 1 establishment unit since 2002
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.
Rue Vertia(Cha) 295650 WalcourtGround area
1.4 ha
Building footprint
371 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
LA VACHE ROUGE
since 20022.099.009.229
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93011A0282/00B000 | Wallonia | 1.2 ha | - | - |
| 93089A0094/00P000 | Wallonia | 1,734 m² | 1 · 371 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWalcourt2.099.009.229
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 8,840 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2002
Fiscal year end31-12
Activities, NACEBEL
55302
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.