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STIKSEL

Active
Private limited companyfounded 20233 yrs activeOude Molenstraat 3A, 1755 Pajottegem, BelgiumKBO/BCE: BE 0800.185.167
Summary

STIKSEL has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21,615 and a net result of €2,725. Its solvency ranks better than 21% of 290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability61▼-17
Solvency33▼-2
Growth52
Track record94
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.19 in 2023; short-term debt: 69.7% and cash: 10.2% of total assets), and 92.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
7.9%
Return on assets
1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 290 sector peers (2024).
NBB · sector comparison
Position among 290 sector peers
Solvency
better than 21%
← weakest strongest →
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 24-06-2026, 37 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
37 d early
2024
24 d early
2023
41 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% 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. Usually files around 24 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
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

On 30 March 2023, STIKSEL was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema

Equity
€21,615▲ 14.4%
2023 · €18,890
Total assets
€274,921▲ 51.1%
2023 · €181,947
Net result
€2,725▼ 80.4%
2023 · €13,890
Working capital
-€31,730
2023 · €15,636
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 13, Manufacture of textiles, 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
Line20232024
Operating result€19,462-€11,190▼ 42.5%
Net result€13,890within the sector's middle half-€2,725within the sector's middle half▼ 80.4%
Equity€18,890within the sector's middle half-€21,615within the sector's middle half▲ 14.4%
Total assets€181,947within the sector's middle half-€274,921within the sector's middle half▲ 51.1%
Debt€163,058-€253,307▲ 55.3%
Working capital€15,636within the sector's middle half--€31,730below the sector's middle half
Solvency10.4%below the sector's middle half-7.9%below the sector's middle half▼ 2.5pp
Current ratio1.19within the sector's middle half-0.83below the sector's middle half▼ 0.35
Return on assets (ROA)7.6%within the sector's middle half-1.0%within the sector's middle half▼ 6.6pp
Staff (FTE)0.8-2▲ 150%
above within below the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000€20,000Operating result 2023: €19,462€19,462Net result 2023: €13,890€13,890Operating result 2024: €11,190€11,190Net result 2024: €2,725€2,72520232024€0€5,000€10,000€15,000€20,000Operating result 2023: €19,462€19,500Net result 2023: €13,890€13,900Operating result 2024: €11,190€11,200Net result 2024: €2,725€2,73020232024
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €274,921
Fixed assets €114,988 ▲ 39.0%
Current assets €159,934 ▲ 61.1%
Equity and liabilities €274,921
Equity €21,615 ▲ 14.4%
Debt €253,307 ▲ 55.3%
Debt's share of the balance-sheet total rises from 89.6% to 92.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€36,257▲
2023 · €27,669
Cash flow
€27,792▲
2023 · €22,096
Quick ratio
0.75▼
2023 · 0.96
Debt to equity
11.72▲
2023 · 8.63
ROE
12.6%▼
2023 · 73.5%
Interest coverage
4.95▼
2023 · 11.43
Debt ≤ 1 year
€191,664▲
2023 · €83,613
Debt > 1 year
€61,643▲
2023 · €36,944
Income taxes
€1,139▼
2023 · €3,151
Staff costs
€83,759▲
2023 · €33,525
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 2,135 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 · 45 lines
Balance sheet Code20232024
Assets
Total assets20/58€181,947€274,921▲
Fixed assets21/28€82,698€114,988▲
Intangible fixed assets21€27,710€52,707▲
Tangible fixed assets22/27€54,987€62,280▲
Plant, machinery and equipment23€54,987€45,886▼
Other tangible fixed assets26-€16,394
Current assets29/58€99,250€159,934▲
Stocks and contracts in progress3€18,887€16,282▼
Stocks30/36€18,887€16,282▼
Amounts receivable within one year40/41€50,239€111,573▲
Trade receivables40€44,666€92,357▲
Other amounts receivable41€5,574€19,216▲
Cash at bank and in hand54/58€29,656€28,085▼
Deferred charges and accrued income490/1€468€3,993▲
Equity and liabilities
Total equity and liabilities10/49€181,947€274,921▲
Equity10/15€18,890€21,615▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€13,890€16,615▲
Amounts payable17/49€163,058€253,307▲
Amounts payable after more than one year17€36,944€61,643▲
Financial debts170/4€36,944€61,643▲
Amounts payable within one year42/48€83,613€191,664▲
Current portion of amounts payable after more than one year42€9,301€20,884▲
Trade debts44€60,608€51,046▼
Suppliers440/4€60,608€51,046▼
Taxes, remuneration and social security45€10,214€9,356▼
Taxes450/3€3,151-
Remuneration and social security454/9€7,064€9,356▲
Other amounts payable47/48€3,490€110,378▲
Accrued charges and deferred income492/3€42,500-
Income statement Code20232024
Remuneration, social security and pensions62€33,525€83,759▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,207€25,067▲
Other operating charges640/8€348€197▼
Gross operating margin9900€61,541€120,213▲
Operating profit (loss)9901€19,462€11,190▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2,421€7,327▲
Recurring financial charges65€2,421€7,327▲
Profit (loss) for the period before taxes9903€17,040€3,864▼
Income taxes67/77€3,151€1,139▼
Profit (loss) for the period9904€13,890€2,725▼
Profit (loss) for the period to be appropriated9905€13,890€2,725▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,890€16,615▲
Profit (loss) brought forward from the previous period14P-€13,890

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62€33,525€83,759▲ 150%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,207€25,067▲ 205%
Other operating charges640/8€348€197▼ 43.3%
Gross operating margin9900€61,541€120,213▲ 95.3%
Operating profit (loss)9901€19,462€11,190▼ 42.5%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€2,421€7,327▲ 203%
Recurring financial charges65€2,421€7,327▲ 203%
Profit (loss) for the period before taxes9903€17,040€3,864▼ 77.3%
Income taxes67/77€3,151€1,139▼ 63.9%
Profit (loss) for the period9904€13,890€2,725▼ 80.4%
Profit (loss) for the period to be appropriated9905€13,890€2,725▼ 80.4%
Line20232024Change
Assets
Total assets20/58€181,947€274,921▲ 51.1%
Fixed assets21/28€82,698€114,988▲ 39.0%
Intangible fixed assets21€27,710€52,707▲ 90.2%
Tangible fixed assets22/27€54,987€62,280▲ 13.3%
Plant, machinery and equipment23€54,987€45,886▼ 16.6%
Other tangible fixed assets26-€16,394-
Current assets29/58€99,250€159,934▲ 61.1%
Stocks and contracts in progress3€18,887€16,282▼ 13.8%
Stocks30/36€18,887€16,282▼ 13.8%
Amounts receivable within one year40/41€50,239€111,573▲ 122%
Trade receivables40€44,666€92,357▲ 107%
Other amounts receivable41€5,574€19,216▲ 245%
Cash at bank and in hand54/58€29,656€28,085▼ 5.3%
Deferred charges and accrued income490/1€468€3,993▲ 753%
Equity and liabilities
Total equity and liabilities10/49€181,947€274,921▲ 51.1%
Equity10/15€18,890€21,615▲ 14.4%
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€13,890€16,615▲ 19.6%
Amounts payable17/49€163,058€253,307▲ 55.3%
Amounts payable after more than one year17€36,944€61,643▲ 66.9%
Financial debts170/4€36,944€61,643▲ 66.9%
Amounts payable within one year42/48€83,613€191,664▲ 129%
Current portion of amounts payable after more than one year42€9,301€20,884▲ 125%
Trade debts44€60,608€51,046▼ 15.8%
Suppliers440/4€60,608€51,046▼ 15.8%
Taxes, remuneration and social security45€10,214€9,356▼ 8.4%
Taxes450/3€3,151--
Remuneration and social security454/9€7,064€9,356▲ 32.4%
Other amounts payable47/48€3,490€110,378▲ 3,062%
Accrued charges and deferred income492/3€42,500--
Line20232024Change
Profit (loss) for the period9904€13,890€2,725▼ 80.4%
+ Depreciation and write-downs630€8,207€25,067▲ 205%
Operating cash flow (approximation)€22,096€27,792▲ 25.8%
Investment in fixed assets (approximation)--€57,357-
Change in cash--€1,571-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Pajottegem · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
132 m²
Building footprint
150 m²
Volume, LiDAR
1,428 m³
Parcel 23040B0371/00L003, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
STIKSEL
Oude Molenstraat 3A, 1755 PajottegemFinishing of textiles
since 20232.343.525.839
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23040B0371/00L003 Flanders 132 m² 1 · 150 m² 12.9 m · 3 fl.
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 owner

Chain of control

  1. TALKING BOLD 100%
  2. STIKSEL

Highest known parent: TALKING BOLD. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Recognitions · licences · registrations

Legal Entity Identifier

8755009O04LI40QTDA94
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 757 companies in sector 13300 we hold annual accounts for 160. 90 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
Founded30-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
13300Finishing of textiles
13990Manufacture of textiles
18120Other printing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800185167
Registered 26-07-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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