Stilec
ActiveSummary
Stilec has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,402 and a net result of €60,844. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 16% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▼-3
Solvency38▼-62
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 8.01 in 2024; short-term debt: 86.8% and cash: 66.2% of total assets), and 86.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.2%
Return on assets
22.8%
Age of the figures
9 mo
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 dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 28184 sector peers (2025).
NBB · sector comparisonPosition among 28184 sector peers
Solvency
better than 16%
← 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 07-04-2026, 115 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
115 d early
2024
20 d late
2023
9 d late
2022
16 d late
2021
13 d late
2020
30 d late
2019
70 d late
← 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 6 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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, micro schema
Equity
€35,402▼ 85.1%
2024 · €236,988
Total assets
€267,187▲ 1.6%
2024 · €262,964
Net result
€60,844▼ 12.4%
2024 · €69,496
Working capital
€4,212▼ 97.7%
2024 · €182,108
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€72,903▲ 212%€62,234▼ 14.6%€59,294▼ 4.7%€90,085▲ 51.9%€78,019▼ 13.4%
Net result€58,047above the sector's middle half▲ 245%€49,034above the sector's middle half▼ 15.5%€42,288above the sector's middle half▼ 13.8%€69,496above the sector's middle half▲ 64.3%€60,844above the sector's middle half▼ 12.4%
Equity€134,970above the sector's middle half▲ 75.5%€184,004above the sector's middle half▲ 36.3%€232,492above the sector's middle half▲ 26.4%€236,988above the sector's middle half▲ 1.9%€35,402within the sector's middle half▼ 85.1%
Total assets€198,955within the sector's middle half▲ 83.6%€240,339within the sector's middle half▲ 20.8%€271,213within the sector's middle half▲ 12.8%€262,964within the sector's middle half▼ 3.0%€267,187within the sector's middle half▲ 1.6%
Debt€63,985▲ 103%€56,335▼ 12.0%€38,721▼ 31.3%€25,976▼ 32.9%€231,785▲ 792%
Working capital€26,270▼ 49.3%€92,751▲ 253%€156,841▲ 69.1%€182,108▲ 16.1%€4,212▼ 97.7%
Solvency67.8%above the sector's middle half▼ 3.1pp76.6%above the sector's middle half▲ 8.7pp85.7%above the sector's middle half▲ 9.2pp90.1%above the sector's middle half▲ 4.4pp13.2%below the sector's middle half▼ 76.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €267,187
Fixed assets
€31,190 ▼ 43.2%
Current assets
€235,997 ▲ 13.4%
Equity and liabilities €267,187
Equity
€35,402 ▼ 85.1%
Debt
€231,785 ▲ 792%
Debt's share of the balance-sheet total rises from 9.9% to 86.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€101,709▼
2024 · €113,776
Cash flow
€84,534▼
2024 · €93,186
Current ratio
1.02▼
2024 · 8.01
Debt to equity
6.55▲
2024 · 0.11
ROE
171.9%▲
2024 · 29.3%
ROA
22.8%▼
2024 · 26.4%
Interest coverage
238.93▼
2024 · 527.47
Debt ≤ 1 year
€231,785▲
2024 · €25,976
Income taxes
€16,763▼
2024 · €20,375
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 6,703 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 | €18,024 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,400 | €25,787 | €23,330 | €23,690 | €23,690 | = |
| Other operating charges640/8 | €13,406 | €1,287 | €1,490 | €2,485 | €1,142 | ▼ 54.0% |
| Gross operating margin9900 | €105,709 | €89,308 | €84,114 | €116,261 | €102,851 | ▼ 11.5% |
| Operating profit (loss)9901 | €72,903 | €62,234 | €59,294 | €90,085 | €78,019 | ▼ 13.4% |
| Financial income75/76B | €43 | €23 | €4 | €1 | €13 | ▲ 1,522% |
| Recurring financial income75 | €43 | €23 | €4 | €1 | €13 | ▲ 1,522% |
| Financial charges65/66B | €315 | €377 | €273 | €216 | €426 | ▲ 97.3% |
| Recurring financial charges65 | €315 | €377 | €273 | €216 | €426 | ▲ 97.3% |
| Profit (loss) for the period before taxes9903 | €72,631 | €61,880 | €59,024 | €89,871 | €77,606 | ▼ 13.6% |
| Income taxes67/77 | €14,584 | €12,846 | €16,737 | €20,375 | €16,763 | ▼ 17.7% |
| Profit (loss) for the period9904 | €58,047 | €49,034 | €42,288 | €69,496 | €60,844 | ▼ 12.4% |
| Profit (loss) for the period to be appropriated9905 | €58,047 | €49,034 | €42,288 | €69,496 | €60,844 | ▼ 12.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198,955 | €240,339 | €271,213 | €262,964 | €267,187 | ▲ 1.6% |
| Fixed assets21/28 | €124,767 | €98,980 | €75,651 | €54,880 | €31,190 | ▼ 43.2% |
| Tangible fixed assets22/27 | €124,767 | €98,980 | €75,651 | €54,880 | €31,190 | ▼ 43.2% |
| Plant, machinery and equipment23 | €1,577 | €121 | €0 | €2,336 | €1,752 | ▼ 25.0% |
| Furniture and vehicles24 | €123,191 | €98,859 | €75,651 | €52,544 | €29,438 | ▼ 44.0% |
| Current assets29/58 | €74,188 | €141,359 | €195,562 | €208,084 | €235,997 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €28,805 | €49,796 | €55,510 | €88,320 | €59,129 | ▼ 33.1% |
| Trade receivables40 | €28,445 | €37,796 | €47,246 | €78,431 | €57,504 | ▼ 26.7% |
| Other amounts receivable41 | €360 | €12,000 | €8,263 | €9,889 | €1,625 | ▼ 83.6% |
| Cash at bank and in hand54/58 | €45,383 | €91,562 | €140,052 | €119,764 | €176,868 | ▲ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198,955 | €240,339 | €271,213 | €262,964 | €267,187 | ▲ 1.6% |
| Equity10/15 | €134,970 | €184,004 | €232,492 | €236,988 | €35,402 | ▼ 85.1% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €64,523 | €64,523 | €64,523 | €64,523 | €16,802 | ▼ 74.0% |
| Distributable reserves133 | €64,523 | €64,523 | €64,523 | €64,523 | €16,802 | ▼ 74.0% |
| Profit (loss) carried forward14 | €58,047 | €107,081 | €149,369 | €153,865 | - | - |
| Amounts payable17/49 | €63,985 | €56,335 | €38,721 | €25,976 | €231,785 | ▲ 792% |
| Amounts payable after more than one year17 | €16,067 | €7,727 | - | - | - | - |
| Financial debts170/4 | €16,067 | €7,727 | - | - | - | - |
| Amounts payable within one year42/48 | €47,917 | €48,608 | €38,721 | €25,976 | €231,785 | ▲ 792% |
| Current portion of amounts payable after more than one year42 | €10,364 | €8,341 | €7,727 | - | - | - |
| Trade debts44 | €9,375 | €3,919 | €5,740 | €6,193 | €1,645 | ▼ 73.4% |
| Suppliers440/4 | €9,375 | €3,919 | €5,740 | €6,193 | €1,645 | ▼ 73.4% |
| Taxes, remuneration and social security45 | €2,834 | €13,429 | €8,716 | €14,675 | €45,749 | ▲ 212% |
| Taxes450/3 | €2,834 | €13,429 | €8,716 | €14,675 | €45,749 | ▲ 212% |
| Other amounts payable47/48 | €25,345 | €22,920 | €16,538 | €5,109 | €184,391 | ▲ 3,509% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58,047 | €49,034 | €42,288 | €69,496 | €60,844 | ▼ 12.4% |
| + Depreciation and write-downs630 | €19,400 | €25,787 | €23,330 | €23,690 | €23,690 | = |
| Operating cash flow (approximation) | €77,447 | €74,821 | €65,617 | €93,186 | €84,534 | ▼ 9.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,920 | €0 | ▲ 100% |
| Change in cash | - | €46,179 | €48,490 | -€20,289 | €57,104 | ▲ 381% |
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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Highest result since 2019net €69,496 ▲64.3%
Operating result €90,085, net result €69,496, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Equity above €200,000Eq €232,492 ▲26.4%
5 profitable years in a row build equity to €232,492.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Equity above €150,000Eq €184,004 ▲36.3%
4 profitable years in a row build equity to €184,004.
13-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 13 days late
2021
31-12
Financial
Equity above €100,000Eq €134,970 ▲75.5%
3 profitable years in a row build equity to €134,970.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €16,802 ▼64.8%
Net result drops to €16,802, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Lille · 1 establishment unit since 2018
Ground area
1,216 m²
Building footprint
180 m²
Volume, LiDAR
1,074 m³
Parcel 13009C0482/00K000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kosterstraat 45, 2275 Lille
since 20182.273.070.779
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009C0482/00K000 | Flanders | 1,216 m² | 1 · 180 m² | 9.4 m · 2 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,188 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
Founded02-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689699296
Also
9925:BE0689699296
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.