STILETTO
ActiveSummary
STILETTO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €186,505 and a net result of €26,341. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+6
Solvency76▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.72 against 1.27 in 2023; short-term debt: 8.9% and cash: 1.2% of total assets), and 48.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
31 d early
2023
6 d early
2022
2 d early
2021
1 d early
2020
on the day
2019
on the day
← 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 11 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 30 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€186,505▲ 16.4%
2023 · €160,164
Total assets
€364,906▲ 0.5%
2023 · €362,978
Net result
€26,341▲ 180%
2023 · €9,419
Working capital
-€9,245
2023 · €7,725
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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
Line20202021202220232024
Operating result€19,477€5,199▼ 73.3%€22,978▲ 342%€14,840▼ 35.4%€39,432▲ 166%
Net result€13,697within the sector's middle half-€26within the sector's middle half€18,325within the sector's middle half€9,419within the sector's middle half▼ 48.6%€26,341within the sector's middle half▲ 180%
Equity€132,446above the sector's middle half▲ 11.5%€132,420above the sector's middle half=€150,745above the sector's middle half▲ 13.8%€160,164above the sector's middle half▲ 6.2%€186,505above the sector's middle half▲ 16.4%
Total assets€425,124above the sector's middle half▲ 5.9%€384,628above the sector's middle half▼ 9.5%€363,684above the sector's middle half▼ 5.4%€362,978above the sector's middle half▼ 0.2%€364,906above the sector's middle half▲ 0.5%
Debt€292,678▲ 3.5%€252,208▼ 13.8%€212,939▼ 15.6%€202,814▼ 4.8%€178,401▼ 12.0%
Working capital-€19,953below the sector's middle half▲ 84.2%-€7,444below the sector's middle half▲ 62.7%€7,983within the sector's middle half€7,725within the sector's middle half▼ 3.2%-€9,245below the sector's middle half
Solvency31.2%within the sector's middle half▲ 1.6pp34.4%within the sector's middle half▲ 3.3pp41.4%within the sector's middle half▲ 7.0pp44.1%within the sector's middle half▲ 2.7pp51.1%within the sector's middle half▲ 7.0pp
Current ratio0.71below the sector's middle half▲ 0.640.79below the sector's middle half▲ 0.081.31within the sector's middle half▲ 0.521.27within the sector's middle half▼ 0.050.72below the sector's middle half▼ 0.55
Return on assets (ROA)3.2%within the sector's middle half▲ 11.1pp0.0%within the sector's middle half▼ 3.2pp5.0%within the sector's middle half▲ 5.0pp2.6%within the sector's middle half▼ 2.4pp7.2%within the sector's middle half▲ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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 recovers in 2024; 2024 is 166% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €364,906
Fixed assets
€341,699 ▲ 4.7%
Current assets
€23,208 ▼ 36.7%
Equity and liabilities €364,906
Equity
€186,505 ▲ 16.4%
Debt
€178,401 ▼ 12.0%
Debt's share of the balance-sheet total falls from 55.9% to 48.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,062▲
2023 · €62,198
Cash flow
€63,971▲
2023 · €56,778
Debt to equity
0.96▼
2023 · 1.27
ROE
14.1%▲
2023 · 5.9%
Interest coverage
18.65▲
2023 · 11.20
Debt ≤ 1 year
€32,452▲
2023 · €28,950
Debt > 1 year
€145,949▼
2023 · €173,864
Income taxes
€11,123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,924 | €34,555 | €35,194 | €47,359 | €37,630 | ▼ 20.5% |
| Other operating charges640/8 | - | €2,676 | €2,376 | €2,687 | €9,164 | ▲ 241% |
| Gross operating margin9900 | €52,367 | €42,430 | €60,548 | €64,885 | €86,226 | ▲ 32.9% |
| Operating profit (loss)9901 | €19,477 | €5,199 | €22,978 | €14,840 | €39,432 | ▲ 166% |
| Financial income75/76B | - | €192 | €131 | €132 | €2,164 | ▲ 1,535% |
| Recurring financial income75 | €0 | €192 | €131 | €132 | €2,164 | ▲ 1,535% |
| Financial charges65/66B | - | €5,123 | €4,785 | €5,553 | €4,131 | ▼ 25.6% |
| Recurring financial charges65 | €5,780 | €5,123 | €4,785 | €5,553 | €4,131 | ▼ 25.6% |
| Profit (loss) for the period before taxes9903 | €13,697 | €269 | €18,325 | €9,419 | €37,465 | ▲ 298% |
| Income taxes67/77 | - | €295 | - | - | €11,123 | - |
| Profit (loss) for the period9904 | €13,697 | -€26 | €18,325 | €9,419 | €26,341 | ▲ 180% |
| Transfer from tax-exempt reserves789 | - | €2,795 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,697 | €2,768 | €18,325 | €9,419 | €26,341 | ▲ 180% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €425,124 | €384,628 | €363,684 | €362,978 | €364,906 | ▲ 0.5% |
| Fixed assets21/28 | €375,596 | €356,196 | €330,106 | €326,303 | €341,699 | ▲ 4.7% |
| Tangible fixed assets22/27 | €375,596 | €356,196 | €330,106 | €326,303 | €341,699 | ▲ 4.7% |
| Land and buildings22 | - | €328,297 | €307,316 | €307,412 | €320,866 | ▲ 4.4% |
| Plant, machinery and equipment23 | - | €4,328 | €3,228 | €1,943 | €1,205 | ▼ 38.0% |
| Furniture and vehicles24 | - | €9,571 | €5,563 | €1,747 | €3,177 | ▲ 81.8% |
| Other tangible fixed assets26 | - | €14,000 | €14,000 | €15,200 | €16,450 | ▲ 8.2% |
| Current assets29/58 | €49,528 | €28,432 | €33,578 | €36,675 | €23,208 | ▼ 36.7% |
| Amounts receivable within one year40/41 | €7,715 | €8,934 | €12,249 | €12,842 | €5,602 | ▼ 56.4% |
| Trade receivables40 | - | €7,342 | €11,484 | €8,814 | €5,575 | ▼ 36.8% |
| Other amounts receivable41 | - | €1,593 | €765 | €4,027 | €27 | ▼ 99.3% |
| Current investments50/53 | - | €9,958 | €9,452 | €9,554 | €10,000 | ▲ 4.7% |
| Cash at bank and in hand54/58 | €18,162 | €7,927 | €11,442 | €9,764 | €4,343 | ▼ 55.5% |
| Deferred charges and accrued income490/1 | - | €1,613 | €434 | €4,516 | €3,263 | ▼ 27.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €425,124 | €384,628 | €363,684 | €362,978 | €364,906 | ▲ 0.5% |
| Equity10/15 | €132,446 | €132,420 | €150,745 | €160,164 | €186,505 | ▲ 16.4% |
| Contributions10/11 | - | €12,405 | €12,405 | €12,405 | €12,405 | = |
| Reserves13 | €4,655 | €1,860 | €1,860 | €1,860 | €28,201 | ▲ 1,416% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €28,201 | ▲ 1,416% |
| Profit (loss) carried forward14 | €115,386 | €118,155 | €136,480 | €145,899 | €145,899 | = |
| Amounts payable17/49 | €292,678 | €252,208 | €212,939 | €202,814 | €178,401 | ▼ 12.0% |
| Amounts payable after more than one year17 | €223,197 | €216,331 | €186,792 | €173,864 | €145,949 | ▼ 16.1% |
| Financial debts170/4 | - | €216,331 | €186,792 | €173,864 | €145,949 | ▼ 16.1% |
| Amounts payable within one year42/48 | €69,481 | €35,877 | €25,595 | €28,950 | €32,452 | ▲ 12.1% |
| Current portion of amounts payable after more than one year42 | - | €22,110 | €21,509 | €20,852 | €21,359 | ▲ 2.4% |
| Financial debts43 | - | €1,931 | €220 | €0 | - | - |
| Credit institutions430/8 | - | €1,931 | €220 | €0 | - | - |
| Trade debts44 | €9,588 | €6,850 | €1,647 | €4,712 | €1,692 | ▼ 64.1% |
| Suppliers440/4 | - | €6,850 | €1,647 | €4,712 | €1,692 | ▼ 64.1% |
| Taxes, remuneration and social security45 | - | €1,744 | €1,378 | €1,169 | €7,986 | ▲ 583% |
| Taxes450/3 | - | €1,744 | €1,378 | €1,169 | €7,986 | ▲ 583% |
| Other amounts payable47/48 | - | €3,242 | €841 | €2,217 | €1,415 | ▼ 36.2% |
| Accrued charges and deferred income492/3 | - | - | €553 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,697 | -€26 | €18,325 | €9,419 | €26,341 | ▲ 180% |
| + Depreciation and write-downs630 | €30,924 | €34,555 | €35,194 | €47,359 | €37,630 | ▼ 20.5% |
| Operating cash flow (approximation) | €44,621 | €34,528 | €53,519 | €56,778 | €63,971 | ▲ 12.7% |
| Investment in fixed assets (approximation) | - | -€15,154 | -€9,105 | -€43,555 | -€53,025 | ▼ 21.7% |
| Change in cash | - | -€10,236 | €3,516 | -€1,679 | -€5,421 | ▼ 223% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €26,341 ▲180%
Operating result €39,432, net result €26,341, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €18,325
Net result €18,325 after one loss-making year.
30-09
Financial
Equity above €150,000Eq €150,745 ▲13.8%
Equity rises from €132,420 to €150,745.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €13,697
Net result €13,697 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€31,615
Net result drops to -€31,615, the lowest in the series; recovery starts the following year.
Show earlier events
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 1995
Ground area
194 m²
Building footprint
104 m²
Parcel 11806F1307/00Y006, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STILETTO
since 19952.074.017.970
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1307/00Y006 | Flanders | 194 m² | 1 · 104 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 210 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 90 EUR | 0 EUR |
| 2022 | 1 | 120 EUR | 0 EUR |
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A. ETIENNE
BE 0560.781.150
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ADVOCATENKANTOOR DE RIDDER, LAHOUSSE & PARTNERS
BE 0472.644.970
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De Caluwé & Horsmans
BE 0465.795.483
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Of 3,838 companies in sector 74111 we hold annual accounts for 1,006. 803 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
Founded19-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456257910
Also
9925:BE0456257910
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.