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STIGAM

Active
Public limited companyfounded 197452 yrs activeDa Vincilaan 3, 1930 Zaventem, BelgiumKBO/BCE: BE 0414.280.268
Summary

STIGAM has been active since 1974 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.0m and a net result of -€307,091. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 92% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability7▼-42
Solvency100=
Growth55▼-5
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 2.7 against 68.09 in 2023; short-term debt: 18.4% and cash: 1.5% of total assets), and 19.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 52 years 0 60 y
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 · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 2024
Solvency, return and age of the figures
Solvency
80.8%
Return on assets
-12.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
24 d early
2023
40 d early
2022
27 d early
2021
40 d early
2020
23 d early
2019
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 32 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

STIGAM was incorporated on 29 May 1974.1 Between 2012 and 2014 the capital was increased 2 times.23 The registered office was moved to Zaventem in 2022.4 The board currently has 3 members; Giosino CORNACCHIA has served longest, since 2020.5 Revenue grew from EUR 910,738 in 2020 to EUR 5.9 million in 2024 and headcount from 0.7 to 6 full-time equivalents.6

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 15-02-2012
  3. 3Belgian State Gazette, 21-01-2014
  4. 4Belgian State Gazette, 28-11-2022
  5. 5Belgian State Gazette, 07-08-2025
  6. 6National Bank, annual accounts 2020 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€5.9m▲ 355%
2023 · €1.3m
EBIT margin
-5.4%▼ 9.3pp
2023 · 3.8%
Net result
-€307,091
2023 · €113,716
Working capital
€789,252▼ 66.5%
2023 · €2.4m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€910,738€3.5m▲ 285%€3.5m▲ 0.9%€1.3m▼ 63.7%€5.9m▲ 355%
Operating result€105,538▼ 38.8%€43,476▼ 58.8%-€301,008€49,310-€318,813
Net result€102,785above the sector's middle half▼ 40.7%€27,781within the sector's middle half▼ 73.0%-€309,926below the sector's middle half€113,716within the sector's middle half-€307,091below the sector's middle half
EBIT margin11.6%1.2%▼ 10.3pp-8.5%▼ 9.7pp3.8%▲ 12.3pp-5.4%▼ 9.3pp
Equity€2.5mabove the sector's middle half▲ 4.3%€2.5mabove the sector's middle half▲ 1.1%€2.2mabove the sector's middle half▼ 12.2%€2.3mabove the sector's middle half▲ 5.1%€2.0mabove the sector's middle half▼ 13.1%
Total assets€2.8mabove the sector's middle half▲ 15.6%€2.8mabove the sector's middle half▼ 0.1%€2.5mabove the sector's middle half▼ 10.0%€2.4mabove the sector's middle half▼ 5.5%€2.5mabove the sector's middle half▲ 5.1%
Debt€286,766▲ 792%€279,587▼ 2.5%€308,638▲ 10.4%€54,907▼ 82.2%€484,080▲ 782%
Working capital€2.1m▼ 12.7%€2.2m▲ 4.2%€2.2m▲ 1.7%€2.4m▲ 5.2%€789,252▼ 66.5%
Solvency89.0%above the sector's middle half▼ 9.7pp90.1%above the sector's middle half▲ 1.1pp87.8%above the sector's middle half▼ 2.2pp97.7%above the sector's middle half▲ 9.9pp80.8%above the sector's middle half▼ 16.9pp
Staff (FTE)0.7below the sector's middle half2.5within the sector's middle half▲ 257%3.4within the sector's middle half▲ 36.0%1below the sector's middle half▼ 70.6%6within the sector's middle half▲ 500%
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€400,000-€200,000€0€200,000Operating result 2020: €105,538€105,538Net result 2020: €102,785€102,785Operating result 2021: €43,476€43,476Net result 2021: €27,781€27,781Operating result 2022: -€301,008-€301,008Net result 2022: -€309,926-€309,926Operating result 2023: €49,310€49,310Net result 2023: €113,716€113,716Operating result 2024: -€318,813-€318,813Net result 2024: -€307,091-€307,09120202021202220232024-€400,000-€200,000€0€200,000Operating result 2022: -€301,008-€301,000Net result 2022: -€309,926-€310,000Operating result 2023: €49,310€49,300Net result 2023: €113,716€114,000Operating result 2024: -€318,813-€319,000Net result 2024: -€307,091-€307,000202220232024
The operating result turns negative in 2024: a loss of €318,813 after €49,310 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.5m
Fixed assets €1.3m ▲ 25,465%
Current assets €1.3m ▼ 47.6%
Equity and liabilities €2.5m
Equity €2.0m ▼ 13.1%
Debt €484,080 ▲ 782%
Debt's share of the balance-sheet total rises from 2.3% to 19.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€80,753
Cash flow
-€69,031
Current ratio
2.70▼
2023 · 68.09
Quick ratio
1.86▼
2023 · 68.09
Debt to equity
0.24▲
2023 · 0.02
ROE
-15.1%▼
2023 · 4.9%
ROA
-12.2%▼
2023 · 4.7%
Interest coverage
-2.83
Debt ≤ 1 year
€464,334▲
2023 · €35,160
Staff costs
€194,030▲
2023 · €38,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.5% went bankrupt
14% stopped otherwise
84% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 5,827 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 67 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.4m€2.5m▲
Fixed assets21/28€4,958€1.3m▲
Intangible fixed assets21-€571,858
Tangible fixed assets22/27-€690,644
Plant, machinery and equipment23-€690,149
Furniture and vehicles24-€495
Financial fixed assets28€4,958€4,958=
Other financial fixed assets284/8€4,958€4,958=
Amounts receivable and cash guarantees285/8€4,958€4,958=
Current assets29/58€2.4m€1.3m▼
Stocks and contracts in progress3-€391,513
Stocks30/36-€391,513
Goods purchased for resale34-€391,513
Amounts receivable within one year40/41€174,684€55,204▼
Trade receivables40€174,684€41,003▼
Other amounts receivable41-€14,201
Current investments50/53€2.2m€757,022▼
Other investments51/53€2.2m€757,022▼
Cash at bank and in hand54/58-€37,636
Deferred charges and accrued income490/1€3,038€12,210▲
Equity and liabilities
Total equity and liabilities10/49€2.4m€2.5m▲
Equity10/15€2.3m€2.0m▼
Contributions10/11€1.6m€1.6m=
Capital10€1.6m€1.6m=
Issued capital100€1.6m€1.6m=
Reserves13€65,424€65,424=
Non-distributable reserves130/1€65,424€65,424=
Legal reserve130€65,424€65,424=
Profit (loss) carried forward14€690,166€383,075▼
Amounts payable17/49€54,907€484,080▲
Amounts payable within one year42/48€35,160€464,334▲
Trade debts44€28,959€418,602▲
Suppliers440/4€28,959€418,602▲
Taxes, remuneration and social security45€6,201€45,694▲
Taxes450/3€6,201€29,556▲
Remuneration and social security454/9-€16,137
Other amounts payable47/48-€38
Accrued charges and deferred income492/3€19,747€19,747=
Income statement Code20232024
Operating income70/76A€1.8m€6.2m▲
Turnover70€1.3m€5.9m▲
Other operating income74€289,574€268,208▼
Non-recurring operating income76A€251,412€34,105▼
Operating charges60/66A€1.8m€6.5m▲
Goods for resale, raw materials and consumables60€1.2m€4.9m▲
Purchases600/8€932,788€5.3m▲
Change in stocks: decrease (increase)609€245,568-€391,513▼
Services and other goods61€285,699€1.2m▲
Remuneration, social security and pensions62€38,945€194,030▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€238,060
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€17,747-€18,705▼
Other operating charges640/8€960€968▲
Non-recurring operating charges66A€257,096-
Operating profit (loss)9901€49,310-€318,813▼
Financial income75/76B€69,808€40,241▼
Recurring financial income75€69,808€40,241▼
Income from current assets751€69,808€40,241▼
Financial charges65/66B€5,401€28,520▲
Recurring financial charges65€5,401€28,520▲
Other financial charges652/9€5,401€28,520▲
Profit (loss) for the period before taxes9903€113,716-€307,091▼
Profit (loss) for the period9904€113,716-€307,091▼
Profit (loss) for the period to be appropriated9905€113,716-€307,091▼
Appropriation of the result
Profit (loss) to be appropriated9906€695,851€383,075▼
Profit (loss) brought forward from the previous period14P€582,135€690,166▲
Transfer to equity691/2€5,686-
To the legal reserve6920€5,686-
Social balance
Average headcount (FTE)90871.06.0▲

The notes to these accounts (46 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€3.8m€3.8m€1.8m€6.2m▲ 237%
Turnover70€910,738€3.5m€3.5m€1.3m€5.9m▲ 355%
Other operating income74-€269,241€259,518€289,574€268,208▼ 7.4%
Non-recurring operating income76A--€4,201€251,412€34,105▼ 86.4%
Operating charges60/66A-€3.7m€4.1m€1.8m€6.5m▲ 264%
Goods for resale, raw materials and consumables60-€2.9m€3.0m€1.2m€4.9m▲ 315%
Purchases600/8-€2.9m€3.0m€932,788€5.3m▲ 466%
Change in stocks: decrease (increase)609-€8,394-€44,968€245,568-€391,513▼ 259%
Services and other goods61-€673,102€640,646€285,699€1.2m▲ 311%
Remuneration, social security and pensions62-€55,199€116,878€38,945€194,030▲ 398%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,507€90,266€91,620-€238,060-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€21,000€1,950€17,747-€18,705▼ 205%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€23,588€0---
Other operating charges640/8-€21,868€1,368€960€968▲ 0.8%
Non-recurring operating charges66A--€267,884€257,096--
Operating profit (loss)9901€105,538€43,476-€301,008€49,310-€318,813▼ 747%
Financial income75/76B-€1,091€9,888€69,808€40,241▼ 42.4%
Recurring financial income75€1,207€1,091€9,888€69,808€40,241▼ 42.4%
Income from current assets751-€1,091€9,888€69,808€40,241▼ 42.4%
Financial charges65/66B-€16,786€18,807€5,401€28,520▲ 428%
Recurring financial charges65€3,960€16,786€18,807€5,401€28,520▲ 428%
Other financial charges652/9-€16,786€18,807€5,401€28,520▲ 428%
Profit (loss) for the period before taxes9903€102,785€27,781-€309,926€113,716-€307,091▼ 370%
Profit (loss) for the period9904€102,785€27,781-€309,926€113,716-€307,091▼ 370%
Profit (loss) for the period to be appropriated9905€102,785€27,781-€309,926€113,716-€307,091▼ 370%
Line20202021202220232024Change
Assets
Total assets20/58€2.8m€2.8m€2.5m€2.4m€2.5m▲ 5.1%
Fixed assets21/28€439,451€355,786€7,670€4,958€1.3m▲ 25,465%
Intangible fixed assets21€398,635€314,688--€571,858-
Tangible fixed assets22/27€35,858€36,141€2,712-€690,644-
Plant, machinery and equipment23-€4,576--€690,149-
Furniture and vehicles24-€1,297--€495-
Other tangible fixed assets26-€30,268----
Assets under construction and advance payments27--€2,712---
Financial fixed assets28€4,958€4,958€4,958€4,958€4,958=
Other financial fixed assets284/8-€4,958€4,958€4,958€4,958=
Amounts receivable and cash guarantees285/8-€4,958€4,958€4,958€4,958=
Current assets29/58€2.4m€2.5m€2.5m€2.4m€1.3m▼ 47.6%
Stocks and contracts in progress3€208,994€200,600€245,568-€391,513-
Stocks30/36-€200,600€245,568-€391,513-
Goods purchased for resale34-€200,600€245,568-€391,513-
Amounts receivable within one year40/41€47,967€19,844€26,918€174,684€55,204▼ 68.4%
Trade receivables40-€10,115€11,478€174,684€41,003▼ 76.5%
Other amounts receivable41-€9,728€15,440-€14,201-
Current investments50/53€2.1m€2.2m€2.2m€2.2m€757,022▼ 65.8%
Other investments51/53-€2.2m€2.2m€2.2m€757,022▼ 65.8%
Cash at bank and in hand54/58€23,112€38,858€49,089-€37,636-
Deferred charges and accrued income490/1-€17,617€19,121€3,038€12,210▲ 302%
Equity and liabilities
Total equity and liabilities10/49€2.8m€2.8m€2.5m€2.4m€2.5m▲ 5.1%
Equity10/15€2.5m€2.5m€2.2m€2.3m€2.0m▼ 13.1%
Contributions10/11€1.6m€1.6m€1.6m€1.6m€1.6m=
Capital10-€1.6m€1.6m€1.6m€1.6m=
Issued capital100-€1.6m€1.6m€1.6m€1.6m=
Reserves13€58,349€59,738€59,738€65,424€65,424=
Non-distributable reserves130/1-€59,738€59,738€65,424€65,424=
Legal reserve130-€59,738€59,738€65,424€65,424=
Profit (loss) carried forward14€865,669€892,061€582,135€690,166€383,075▼ 44.5%
Provisions and deferred taxes16€23,588-----
Amounts payable17/49€286,766€279,587€308,638€54,907€484,080▲ 782%
Amounts payable within one year42/48€267,019€259,840€288,892€35,160€464,334▲ 1,221%
Trade debts44€263,214€225,685€253,677€28,959€418,602▲ 1,345%
Suppliers440/4-€225,685€253,677€28,959€418,602▲ 1,345%
Taxes, remuneration and social security45-€33,698€28,375€6,201€45,694▲ 637%
Taxes450/3-€20,845€22,331€6,201€29,556▲ 377%
Remuneration and social security454/9-€12,853€6,044-€16,137-
Other amounts payable47/48-€457€6,839-€38-
Accrued charges and deferred income492/3-€19,747€19,747€19,747€19,747=
Line20202021202220232024Change
Profit (loss) for the period9904€102,785€27,781-€309,926€113,716-€307,091▼ 370%
+ Depreciation and write-downs630€22,507€90,266€91,620-€238,060-
Operating cash flow (approximation)€125,292€118,047-€218,306€113,716-€69,031▼ 161%
Investment in fixed assets (approximation)--€6,601€256,496€2,712-€1.5m▼ 55,425%
Change in cash-€15,747€10,230---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
02-07
State Gazette act Resignation: Pascal BOON (director)
Appointment: Sophie LEROUGE (director) · Director discharge · Mandate compensation6 facts ▸
  • General meeting, 09.06.2026
  • Director resignation, Pascal BOON (director)
  • Director discharge, Pascal BOON (director)
  • Director appointment, Sophie LEROUGE (director)
  • Mandate compensation, Sophie LEROUGE
  • Power of attorney, J. Jordens
2025
21-10
State Gazette act Resignation: Sébastien CAYLA (director)
Appointment: Matthias LOCKER (director) · Director discharge · Mandate compensation6 facts ▸
  • General meeting, 24/09/2025
  • Director resignation, Sébastien CAYLA (director)
  • Director discharge, Sébastien CAYLA (director)
  • Director appointment, Matthias LOCKER (director)
  • Mandate compensation, Matthias LOCKER
  • Power of attorney, J. Jordens
07-08
State Gazette act Reappointments: Sébastien CAYLA, Giosino CORNACCHIA and Pascal BOON
Mandate compensation · Power of attorney9 facts ▸
  • General meeting, 11/06/2025
  • Director reappointment, Sébastien CAYLA (director)
  • Director reappointment, Giosino CORNACCHIA (director)
  • Director reappointment, Pascal BOON (director)
  • Mandate compensation, Sébastien CAYLA
  • Mandate compensation, Giosino CORNACCHIA
  • Mandate compensation, Pascal BOON
  • Power of attorney, J. Jordens
  • Power of attorney, Marion de Crombrugghe
07-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
16-10
State Gazette act Appointment: Mazars Bedrijfsrevisoren CVBA (commissaris revisor)
Permanent representative: Peter Lenoir · Power of attorney4 facts ▸
  • General meeting, 11/06/2024
  • Auditor appointment, Mazars Bedrijfsrevisoren CVBA (commissaris revisor)
  • Permanent representative, Peter Lenoir
  • Power of attorney, S.R.L. J. Jordens
21-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Back to profitnet €113,716
Net result €113,716 after one loss-making year.
31-12
Financial Liquidity times 8current ratio 68.09
Current ratio from 8.76 to 68.09; short-term debt falls from €288,892 to €35,160.
04-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet -€309,926
Net result drops to -€309,926, the lowest in the series; recovery starts the following year.
19-12
State Gazette act Resignations: Hilde DECADT (director) and Francis COSTENOBLE (director)
Appointments: Pascal BOON (director) and Sébastien CAYLA (director) · Reappointment: Giosino CORNACCHIA (director) · Director discharge11 facts ▸
  • General meeting
  • Director resignation, Hilde DECADT (director)
  • Director discharge, Hilde DECADT (director)
  • Director resignation, Francis COSTENOBLE (director)
  • Director discharge, Francis COSTENOBLE (director)
  • Director appointment, Pascal BOON (director)
  • Mandate compensation, Pascal BOON
  • Director appointment, Sébastien CAYLA (director)
  • Mandate compensation, Sébastien CAYLA
  • Director reappointment, Giosino CORNACCHIA (director)
  • Mandate compensation, Giosino CORNACCHIA
28-11
State Gazette act Registered office · Statutes amendment · Miscellaneous
Registered-office move · Capital · Establishment closure5 facts ▸
  • General meeting, 26/09/2022
  • Registered-office move, 1930 Zaventem, The Corporate Village, Bayreuth Building, Da Vincilaan 3, bus 3
  • Capital, €1.588.466,83
  • Establishment closure, 30/09/2022
  • Establishment opening, 1930 Zaventem, The Corporate Village, Bayreuth Building, Da Vincilaan 3, bus 3, 01/10/2022
Show earlier events
07-07
State Gazette act Reappointment: Hilde DECADT (director)
Mandate compensation3 facts ▸
  • General meeting, 14/06/2022
  • Director reappointment, Hilde DECADT (director)
  • Mandate compensation, Hilde DECADT
21-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
16-03
State Gazette act Resignation: Marijke Vandewiele (director)
2 facts ▸
  • Board meeting, 24/01/2022
  • Director resignation, Marijke Vandewiele (director)
2021
28-07
State Gazette act Reappointment: Francis COSTENOBLE (director)
Appointment: Mazars-Bedrijfsrevisoren CVBA (commissaris revisor) · Permanent representative: Peter Lenoir · Resignation: STIGAM N.V. (statutory auditor)7 facts ▸
  • General meeting, 08/06/2021
  • Director reappointment, Francis COSTENOBLE (director)
  • Mandate compensation, Francis COSTENOBLE
  • Auditor appointment, Mazars-Bedrijfsrevisoren CVBA (commissaris revisor)
  • Permanent representative, Peter Lenoir
  • Mandate compensation, Mazars-Bedrijfsrevisoren CVBA
  • Director resignation, STIGAM N.V. (statutory auditor)
08-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
03-08
State Gazette act Resignation: Giosino CORNACCHIA (director)
Reappointment: Giosino CORNACCHIA (director) · Permanent representatives: Steven Veyt and Luc Oeyen · Mandate compensation6 facts ▸
  • General meeting, 09/06/2020
  • Director resignation, Giosino CORNACCHIA (director)
  • Director reappointment, Giosino CORNACCHIA (director)
  • Mandate compensation, Giosino CORNACCHIA
  • Permanent representative, Steven Veyt
  • Permanent representative, Luc Oeyen
22-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
27-03
State Gazette act Resignation: Geoffroy GERSDORFF (director)
2 facts ▸
  • Board meeting, 17/02/2020
  • Director resignation, Geoffroy GERSDORFF (director)
2019
26-07
State Gazette act Reappointments: Marijke VANDEWIELE (director) and Hilde DECADT (director)
Appointment: C.V.B.A. K.P.M.G. Bedrijfsrevisoren (statutory auditor) · Permanent representative: Luc OEYEN · Mandate compensation7 facts ▸
  • General meeting, 11/06/2019
  • Director reappointment, Marijke VANDEWIELE (director)
  • Director reappointment, Hilde DECADT (director)
  • Mandate compensation, Marijke VANDEWIELE
  • Mandate compensation, Hilde DECADT
  • Auditor appointment, C.V.B.A. K.P.M.G. Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Luc OEYEN
09-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
State Gazette act Resignations: Francis COSTENOBLE (director) and Geoffroy GERSDORFF (director)
Reappointments: Francis COSTENOBLE (director) and Geoffroy GERSDORFF (director) · Mandate compensation7 facts ▸
  • General meeting, 12/06/2018
  • Director resignation, Francis COSTENOBLE (director)
  • Director resignation, Geoffroy GERSDORFF (director)
  • Director reappointment, Francis COSTENOBLE (director)
  • Director reappointment, Geoffroy GERSDORFF (director)
  • Mandate compensation, Francis COSTENOBLE
  • Mandate compensation, Geoffroy GERSDORFF
06-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
30-01
State Gazette act Resignation: Javier-Miguel RUBIO-ALONSO (director)
Appointment: Francis COSTENOBLE (director) · Mandate compensation4 facts ▸
  • Board meeting, 03/01/2018
  • Director resignation, Javier-Miguel RUBIO-ALONSO (director)
  • Director appointment, Francis COSTENOBLE (director)
  • Mandate compensation, Francis COSTENOBLE
2017
30-11
State Gazette act Resignation: François-Melchior de POLIGNAC (director)
Appointment: Geoffroy GERSDORFF (director) · Mandate compensation4 facts ▸
  • Board meeting, 02/11/2017
  • Director resignation, François-Melchior de POLIGNAC (director)
  • Director appointment, Geoffroy GERSDORFF (director)
  • Mandate compensation, Geoffroy GERSDORFF
25-07
State Gazette act Reappointments: Giosino Cornacchia (director) and Javier Miguel Rubio Alonso (director)
Mandate compensation5 facts ▸
  • General meeting, 13/06/2017
  • Director reappointment, Giosino Cornacchia (director)
  • Director reappointment, Javier Miguel Rubio Alonso (director)
  • Mandate compensation, Giosino Cornacchia
  • Mandate compensation, Javier Miguel Rubio Alonso
06-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
22-07
State Gazette act Reappointments: Marijke VANDEWIELE, Hilde DECADT and François-Melchior de POLIGNAC
Appointment: C.V.B.A. K.P.M.G. Bedrijfsrevisoren (statutory auditor) · Permanent representative: Luc OEYEN · Mandate compensation10 facts ▸
  • General meeting, 14/06/2016
  • Director reappointment, Marijke VANDEWIELE (director)
  • Director reappointment, Hilde DECADT (director)
  • Director reappointment, François-Melchior de POLIGNAC (director)
  • Mandate compensation, Marijke VANDEWIELE
  • Mandate compensation, Hilde DECADT
  • Mandate compensation, François-Melchior de POLIGNAC
  • Auditor appointment, C.V.B.A. K.P.M.G. Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Luc OEYEN
  • Mandate compensation, C.V.B.A. K.P.M.G. Bedrijfsrevisoren
05-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
10-09
State Gazette act Resignation: Luc DEMEZ (director)
2 facts ▸
  • Board meeting, 24/08/2015
  • Director resignation, Luc DEMEZ (director)
08-07
State Gazette act Resignation: Luc Demez (director)
Reappointment: Luc Demez (director) · Mandate compensation4 facts ▸
  • General meeting, 09/06/2015
  • Director resignation, Luc Demez (director)
  • Director reappointment, Luc Demez (director)
  • Mandate compensation, Luc Demez
2014
09-07
State Gazette act Reappointments: Giosino CORNACCHIA (director) and Javier-Miguel RUBIO ALONSO (director)
Mandate compensation5 facts ▸
  • General meeting, 10.06.2014
  • Director reappointment, Giosino CORNACCHIA (director)
  • Director reappointment, Javier-Miguel RUBIO ALONSO (director)
  • Mandate compensation, Giosino CORNACCHIA
  • Mandate compensation, Javier-Miguel RUBIO ALONSO
04-04
State Gazette act Resignation: Javier LOPEZ CALVET (director)
Appointment: Javier Miguel RUBIO ALONSO (director) · Mandate compensation4 facts ▸
  • Board meeting, 10.03.2014
  • Director resignation, Javier LOPEZ CALVET (director)
  • Director appointment, Javier Miguel RUBIO ALONSO (director)
  • Mandate compensation, Javier Miguel RUBIO ALONSO
21-01
State Gazette act Resignation: Gerard Lavinay (director)
Appointment: François-Melchior de Polignac (director) · Capital increase · Capital decrease7 facts ▸
  • General meeting, 19/12/2013
  • Capital increase, €1.000.000
  • Capital decrease, €9.016.887,92
  • Capital, €1.588.466,83
  • Director resignation, Gerard Lavinay (director)
  • Director appointment, François-Melchior de Polignac (director)
  • Mandate compensation, François-Melchior de Polignac
13-01
State Gazette act Resignation: Gérard LAVINAY (director)
Appointment: François-Melchior de POLIGNAC (director) · Mandate compensation4 facts ▸
  • Board meeting, 27/11/2013
  • Director resignation, Gérard LAVINAY (director)
  • Director appointment, François-Melchior de POLIGNAC (director)
  • Mandate compensation, François-Melchior de POLIGNAC
2013
18-07
State Gazette act Reappointments: Marijke VANDEWIELE, Javier LOPEZ CALVET and Gérard LAVINAY
Appointments: Hilde DECADT (director) and C.V.B.A. K.P.M.G. Bedrijfsrevisoren (statutory auditor) · Permanent representative: Luc OEYEN · Mandate compensation11 facts ▸
  • General meeting, 11/06/2013
  • Director reappointment, Marijke VANDEWIELE (director)
  • Director reappointment, Javier LOPEZ CALVET (director)
  • Director reappointment, Gérard LAVINAY (director)
  • Director appointment, Hilde DECADT (director)
  • Mandate compensation, Marijke VANDEWIELE
  • Mandate compensation, Javier LOPEZ CALVET
  • Mandate compensation, Gérard LAVINAY
  • Mandate compensation, Hilde DECADT
  • Auditor appointment, C.V.B.A. K.P.M.G. Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Luc OEYEN
2012
15-02
State Gazette act Appointment: Luc Demez (director)
Capital decrease · Capital increase · Bank account6 facts ▸
  • Capital decrease, €645,25
  • Capital increase, €2.000.000
  • Bank account, ING
  • Capital, €9.605.354,75
  • Statutes amendment
  • Director appointment, Luc Demez (director)
2011
22-11
State Gazette act Resignation: Dominique EEMAN (director)
Appointment: Luc DEMEZ (director) · Mandate compensation4 facts ▸
  • Board meeting, 19.10.2011
  • Director resignation, Dominique EEMAN (director)
  • Director appointment, Luc DEMEZ (director)
  • Mandate compensation, Luc DEMEZ
16-08
State Gazette act Reappointment: Dominique EEMAN (director)
Resignation: Hilde DECADT (director) · Appointment: Giosino CORNACCHIA (director) · Mandate compensation6 facts ▸
  • General meeting, 14/06/2011
  • Director reappointment, Dominique EEMAN (director)
  • Mandate compensation, Dominique EEMAN
  • Director resignation, Hilde DECADT (director)
  • Director appointment, Giosino CORNACCHIA (director)
  • Mandate compensation, Giosino CORNACCHIA
22-04
State Gazette act Permanent representatives: Luc Oeyen and Karel Tanghe
3 facts ▸
  • Board meeting, 18-03-2011
  • Permanent representative, Luc Oeyen (wettelijke vertegenwoordiger)
  • Permanent representative, Karel Tanghe (wettelijke vertegenwoordiger)
2010
02-08
State Gazette act Resignations: Javier LOPEZ CALVET, Gérard LAVINAY and Geert UYTTERSCHAUT
Reappointments: Javier LOPEZ CALVET (director) and Gérard LAVINAY (director) · Appointments: Hilde DECADT, Marijke VANDEWIELE and C.V.B.A. K.P.M.G. Bedrijfsrevisoren · Permanent representative: Karel TANGHE14 facts ▸
  • General meeting, 08/06/2010
  • Director resignation, Javier LOPEZ CALVET (director)
  • Director resignation, Gérard LAVINAY (director)
  • Director reappointment, Javier LOPEZ CALVET (director)
  • Director reappointment, Gérard LAVINAY (director)
  • Mandate compensation, Javier LOPEZ CALVET
  • Mandate compensation, Gérard LAVINAY
  • Director resignation, Geert UYTTERSCHAUT (director)
  • Director appointment, Hilde DECADT (director)
  • Director appointment, Marijke VANDEWIELE (director)
  • Mandate compensation, Hilde DECADT
  • Mandate compensation, Marijke VANDEWIELE
  • +2 further facts in this act
16-07
State Gazette act Resignation: Geert UYTTERSCHAUT (director)
2 facts ▸
  • Board meeting, 21.05.2010
  • Director resignation, Geert UYTTERSCHAUT (director)
2009
14-12
State Gazette act Resignation: Matthieu MALIGE (director)
Appointment: Javier LOPEZ CALVET (director) · Mandate compensation4 facts ▸
  • Board meeting, 30.10.2009
  • Director resignation, Matthieu MALIGE (director)
  • Director appointment, Javier LOPEZ CALVET (director)
  • Mandate compensation, Javier LOPEZ CALVET
2008
09-06
State Gazette act Resignation: Dominique Nuytten (director)
Appointment: Geert Uytterschaut (director)4 facts ▸
  • Board meeting, 30.04.2008
  • Director resignation, Dominique Nuytten (director)
  • Director appointment, Geert Uytterschaut (director)
  • Director appointment, Geert Uytterschaut (managing director)
2007
07-08
State Gazette act Appointments: Matthieu Malige (director) and KPMG (commissaris revisor)
Mandate compensation4 facts ▸
  • General meeting, 12.06.2007
  • Director appointment, Matthieu Malige (director)
  • Mandate compensation, Matthieu Malige
  • Auditor appointment, KPMG (commissaris revisor)
11-06
State Gazette act Resignation: Javier Garcia (director)
Appointment: Matthieu Malige (director) · Mandate compensation4 facts ▸
  • Board meeting, 16.04.2007
  • Director resignation, Javier Garcia (director)
  • Director appointment, Matthieu Malige (director)
  • Mandate compensation, Matthieu Malige
02-04
State Gazette act Resignation: Dominique Buysschaert (director)
2 facts ▸
  • Board meeting, 08.09.2006
  • Director resignation, Dominique Buysschaert (director)
2004
31-12
State Gazette act Resignations: Gilles Petit (director) and Antoine Brieu (director)
Permanent representative: Gilles Roudy · Appointment: Javier Garcia (director)5 facts ▸
  • Board meeting, 30/09/2004
  • Director resignation, Gilles Petit (director)
  • Director resignation, Antoine Brieu (director)
  • Permanent representative, Gilles Roudy
  • Director appointment, Javier Garcia (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
37 of 37 acts read

Directors · office · real estate

Directors
3 directors, no change since 2026

Board 3

Giosino CORNACCHIA
Director · since 09-06-2020
Current
Matthias LOCKER
Director · since 01-10-2025
Current
Sophie LEROUGE
Director · since 02-07-2026
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Not recently confirmed

Statutory auditor 1

Forvis Mazars Réviseurs d’Entreprises
Commissaris revisor · since 28-07-2021 · perm. rep.: Peter Lenoir
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2026
seat establishment The establishment unit on the map
Ground area
1.9 ha
Building footprint
3,961 m²
Volume, LiDAR
63,158 m³
2 parcels, Flanders, Wallonia · tallest building 43.3 m, ±13 floors. Linked by address, not a title deed.
25 companies at this address See who is registered here
1 establishment unit
MARKET 1720
Chaussée de Charleroi 107, 6150 AnderluesNon-specialised retail sale with food, beverages or tobacco predominating
since 20262.390.581.727
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
56001C0011/00C000 Wallonia 1.0 ha 1 · 2,500 m² 8.3 m · 2 fl.
23094D0111/00T002 Flanders 8,395 m² 1 · 1,461 m² 43.3 m · 13 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

24 people since 2004, 5 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Giosino CORNACCHIA
  • Director, from 14-06-2011 to date
Matthias LOCKER
  • Director, from 01-10-2025 to date
Sophie LEROUGE
  • Director, from 02-07-2026 to date
Forvis Mazars Réviseurs d’Entreprises
  • Commissaris revisor, from 28-07-2021 to date
Javier Miguel Rubio Alonso
  • Director, from 02-04-2014 to 31-12-2017
  • Director, already before 13-06-2017 not ended, last confirmed 25-07-2017
Pascal BOON
  • Director, from 30-09-2022 to 02-07-2026
Sébastien Cayla
  • Director, from 01-11-2022 to 30-09-2025
Francis COSTENOBLE
  • Director, from 01-01-2018 to 31-10-2022
Hilde Decadt
  • Director, from 08-06-2010 to 01-06-2011
  • Director, from 11-06-2013 to 30-09-2022
Marijke VANDEWIELE
  • Director, from 08-06-2010 to 31-10-2021
C.V.B.A. K.P.M.G. Bedrijfsrevisoren
  • Statutory auditor, from 07-08-2007 to 28-07-2021
Geoffroy GERSDORFF
  • Director, from 01-11-2017 to 27-03-2020
François-Melchior de Polignac
  • Director, from 01-12-2013 to 31-10-2017
Luc DEMEZ
  • Director, from 01-11-2011 to 31-08-2015
Javier LOPEZ CALVET
  • Director, from 01-11-2009 to 02-04-2014
Gérard LAVINAY
  • Director, already before 08-06-2010 to 01-12-2013
  • Director, until 21-01-2014
Dominique EEMAN
  • Director, already before 14-06-2011 to 01-11-2011
Geert Uytterschaut
  • Director, from 01-05-2008 to 06-05-2010
  • Managing director, from 01-05-2008 ended, last mentioned 09-06-2008
  • Director, until 06-05-2010
Matthieu Malige
  • Director, from 16-04-2007 to 01-11-2009
Dominique Nuytten
  • Director, until 30-04-2008
Javier Garcia
  • Director, from 01-10-2004 to 15-04-2007
Dominique Buysschaert
  • Director, until 08-09-2006
Antoine Brieu
  • Director, until 31-12-2004
Gilles Petit
  • Director, until 31-12-2004
See the board, name and seat on a given date →

Articles of association

Purpose
Le commerce de gros et de détail et les centres de distribution de toutes sortes de denrées alimentaires, de biens de consommation non-durables et durables, d'articles ménagers…
Full purpose

Le commerce de gros et de détail et les centres de distribution de toutes sortes de denrées alimentaires, de biens de consommation non-durables et durables, d'articles ménagers, d'appareils électriques et autres appareils ménagers et outils, de tous textiles et articles de prêt-à-porter, de maroquinerie et de produits en cuir, de jouets et d'articles de sport et, en général, de toutes sortes de marchandises, produits et articles d'usage et de consommation continu au sens le plus large; la gestion commerciale, administrative, organisationnelle et dans tous les autres domaines utiles ou nécessaires à la gestion de toutes entreprises économiques de toute personne, organisme ou société ayant pour objet l'exploitation de magasins, grands magasins et points de vente au détail de toutes sortes de marchandises et produits; l'acquisition de tous biens immobiliers et la construction de tous immeubles destinés à être vendus ou loués à ces entreprises économiques. La société peut effectuer et réaliser toutes ces opérations, soit en son nom propre, soit pour le compte de tiers, soit en tant que commissionnaire, et peut à ce sujet accomplir toutes les formalités frontalières et douanières quelconques. Elle peut effectuer toutes les opérations mobilières et immobilières, industrielles, commerciales, financières, marchandes, industrielles, administratives, au niveau de la technique de l'entreprise ou de la gestion économique susceptibles d'en favoriser directement ou indirectement la réalisation. Elle peut exercer et poursuivre son objet tant en Belgique qu'à l'étranger, soit directement, soit par représentation, participation, association, fusion, concession ou mandat, tant pour son propre compte que pour le compte et au risque de tiers. Elle peut s'intéresser, par voie d'apport, de fusion, de participation ou autrement, à toutes les sociétés et entreprises existantes ou futures qui poursuivent un objet similaire ou connexe. La société peut établir des sièges d'exploitation, des sièges administratifs, des filiales, des bureaux de vente, des succursales, des installations de stockage et d'entreposage, des agences ou quelle que soit leur dénomination, en tout lieu, dans le pays ou à l'étranger.

Structure & network

Part of the group CAPARBEL 25 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. CARREFOUR SAFR 100%
  2. CAPARBEL 100%
  3. CARREFOUR BELGIUM 99.99%
  4. STIGAM

Highest known parent: CARREFOUR SA (France). The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of STIGAM 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

23 connected companies
Linked via shared directors
ASCENCIO MANAGEMENT
Shared director
→
BRUGGE RETAIL
Shared director
→
CAPARBEL
Shared director
→
Carrefour Drive 2
Shared director
→
Show 19 more companies with a shared director
ECLAIR
Shared director
→
emeis Belgium
Shared director
→
FILUNIC
Shared director
→
GROSFRUIT
Shared director
→
HALLE RETAIL ASSOCIATE
Shared director
→
→
Market A1 CBRA
Shared director
→
Market C3 CBRA
Shared director
→
Market D4 CBRA
Shared director
→
Market E5 CBRA
Shared director
→
Market F6 CBRA
Shared director
→
ROB
Shared director
→
SCHILCO
Shared director
→
UGEMAN
Shared director
→
VANDEN MEERSSCHE
Shared director
→

Capital and shareholders

Capital over the years
  1. 28-11-2022 Capital stated in the act · 1,588,466.83 EUR
  2. 21-01-2014 Capital increase of 1,000,000 EUR · 132,636 new shares · “overschrijving op bijzondere rekening bij ING”
  3. 21-01-2014 Capital reduction of 9,016,887.92 EUR · “aanzuivering tot beloop van dit bedrag van de verliezen die voorkomen in de jaarrekening afgesloten op 31 december 2012”
  4. 15-02-2012 Capital reduction of 645.25 EUR · Correction of erroneous capital increase by incorporation of reserves in 2001 which did not exist
  5. 15-02-2012 Capital increase of 2,000,000 EUR · to 9,605,354.75 EUR · in cash

Recognitions · licences · registrations

Food safety, FASFC

1 site
Anderlues2.390.581.727
2 permissions
Toelating · Vleeswinkel · since 19-08-2026
Toelating · Detailhandel · since 31-07-2026

Similar companies · same sector, comparable size

Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 1,489 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded29-05-1974
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID 0208:0414280268
Also 9925:BE0414280268
Registered 20-11-2020

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.