STIM
ActiveSummary
STIM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €412,299. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 81% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+16
Solvency99▼-1
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 5.22 against 5.36 in 2024; short-term debt: 7.7% and cash: 1.4% of total assets), and 25.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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
74.1%
Return on assets
11.5%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.7m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 15-04-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
12 d early
2023
18 d early
2022
18 d early
2021
74 d early
2020
35 d early
2019
29 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 13 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Staden, Real estate sector#4 oldest company in Staden, Real estate sector#6 company by total assets in Staden, Real estate sector
Equity
€2.7m▲ 18.4%
2024 · €2.2m
Total assets
€3.6m▲ 42.5%
2024 · €2.5m
Net result
€412,299▲ 127%
2024 · €181,679
Working capital
€1.2m▲ 23.4%
2024 · €942,380
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€63,094▲ 72.0%€290,393▲ 360%€99,646▼ 65.7%€39,922▼ 59.9%€376,662▲ 843%
Net result€437,264above the sector's middle half▲ 49.0%€163,897above the sector's middle half▼ 62.5%€32,540above the sector's middle half▼ 80.1%€181,679above the sector's middle half▲ 458%€412,299above the sector's middle half▲ 127%
Equity€3.4mabove the sector's middle half▲ 14.8%€2.0mabove the sector's middle half▼ 40.3%€2.1mabove the sector's middle half▲ 1.6%€2.2mabove the sector's middle half▲ 8.8%€2.7mabove the sector's middle half▲ 18.4%
Total assets€3.5mabove the sector's middle half▼ 16.1%€2.9mabove the sector's middle half▼ 15.6%€2.6mabove the sector's middle half▼ 11.8%€2.5mabove the sector's middle half▼ 2.7%€3.6mwithin the sector's middle half▲ 42.5%
Debt€64,854▼ 94.5%€852,260▲ 1,214%€486,137▼ 43.0%€233,694▼ 51.9%€828,399▲ 254%
Working capital€2.2mabove the sector's middle half▲ 15.2%€440,164above the sector's middle half▼ 80.0%€713,160above the sector's middle half▲ 62.0%€942,380above the sector's middle half▲ 32.1%€1.2mabove the sector's middle half▲ 23.4%
Solvency97.7%above the sector's middle half▲ 26.3pp69.1%above the sector's middle half▼ 28.6pp79.7%above the sector's middle half▲ 10.6pp89.2%above the sector's middle half▲ 9.5pp74.1%above the sector's middle half▼ 15.1pp
Current ratio34.87above the sector's middle half▲ 31.981.53within the sector's middle half▼ 33.342.52within the sector's middle half▲ 0.995.36above the sector's middle half▲ 2.845.22above the sector's middle half▼ 0.14
Return on assets (ROA)12.6%above the sector's middle half▲ 5.5pp5.6%within the sector's middle half▼ 7.0pp1.3%within the sector's middle half▼ 4.3pp7.2%within the sector's middle half▲ 6.0pp11.5%above the sector's middle half▲ 4.3pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +127% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 843% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.6m
Fixed assets
€2.1m ▲ 58.3%
Current assets
€1.4m ▲ 24.1%
Equity and liabilities €3.6m
Equity
€2.7m ▲ 18.4%
Provisions
€100,184 ▲ 160%
Debt
€828,399 ▲ 254%
Debt's share of the balance-sheet total rises from 9.3% to 23.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€537,016▲
2024 · €88,890
Cash flow
€572,653▲
2024 · €230,648
Debt to equity
0.31▲
2024 · 0.10
ROE
15.5%▲
2024 · 8.1%
Interest coverage
15.73▲
2024 · 4.75
Debt ≤ 1 year
€275,182▲
2024 · €216,114
Debt > 1 year
€540,000
Income taxes
€58,417▲
2024 · €34,644
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 20,129 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 | - | €297,283 | €67,483 | €8,270 | €467,332 | ▲ 5,551% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,082 | €65,945 | €66,545 | €48,968 | €160,354 | ▲ 227% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€29,842 | €0 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€13,500 | €0 | - | - |
| Other operating charges640/8 | - | €25,119 | €26,394 | €35,619 | €22,273 | ▼ 37.5% |
| Gross operating margin9900 | €136,109 | €381,456 | €179,085 | €94,667 | €559,289 | ▲ 491% |
| Operating profit (loss)9901 | €63,094 | €290,393 | €99,646 | €39,922 | €376,662 | ▲ 843% |
| Financial income75/76B | - | €67,569 | €2,132 | €195,123 | €189,899 | ▼ 2.7% |
| Recurring financial income75 | €446,831 | €67,569 | €2,132 | €195,123 | €189,899 | ▼ 2.7% |
| Financial charges65/66B | - | €107,229 | €44,409 | €18,722 | €34,129 | ▲ 82.3% |
| Recurring financial charges65 | €12,224 | €107,229 | €44,409 | €18,722 | €34,129 | ▲ 82.3% |
| Profit (loss) for the period before taxes9903 | €497,702 | €250,733 | €57,369 | €216,323 | €532,432 | ▲ 146% |
| Transfer from deferred taxes780 | - | - | - | - | €316 | - |
| Transfer to deferred taxes680 | - | €38,467 | €0 | - | €62,033 | - |
| Income taxes67/77 | €60,438 | €48,369 | €24,829 | €34,644 | €58,417 | ▲ 68.6% |
| Profit (loss) for the period9904 | €437,264 | €163,897 | €32,540 | €181,679 | €412,299 | ▲ 127% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €948 | - |
| Transfer to tax-exempt reserves689 | - | €115,402 | €0 | - | €186,099 | - |
| Profit (loss) for the period to be appropriated9905 | €437,264 | €48,495 | €32,540 | €181,679 | €227,148 | ▲ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €2.9m | €2.6m | €2.5m | €3.6m | ▲ 42.5% |
| Fixed assets21/28 | €1.2m | €1.7m | €1.4m | €1.4m | €2.1m | ▲ 58.3% |
| Tangible fixed assets22/27 | €1.2m | €1.6m | €1.4m | €1.3m | €2.1m | ▲ 60.1% |
| Land and buildings22 | - | €1.6m | €1.4m | €1.3m | €2.0m | ▲ 56.4% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €10,147 | €7,980 | €5,878 | €58,176 | ▲ 890% |
| Financial fixed assets28 | €42,000 | €40,750 | €40,750 | €40,750 | €40,750 | = |
| Current assets29/58 | €2.3m | €1.3m | €1.2m | €1.2m | €1.4m | ▲ 24.1% |
| Stocks and contracts in progress3 | €423,179 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €128,762 | €352,272 | €25,664 | €5,714 | €18,345 | ▲ 221% |
| Trade receivables40 | - | €352,272 | €25,664 | €1,809 | €1,391 | ▼ 23.1% |
| Other amounts receivable41 | - | €0 | - | €3,906 | €16,953 | ▲ 334% |
| Current investments50/53 | €684,850 | €337,279 | €207,774 | €219,528 | €1.4m | ▲ 523% |
| Cash at bank and in hand54/58 | €1.0m | €581,664 | €948,197 | €933,251 | €51,101 | ▼ 94.5% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | €677 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €2.9m | €2.6m | €2.5m | €3.6m | ▲ 42.5% |
| Equity10/15 | €3.4m | €2.0m | €2.1m | €2.2m | €2.7m | ▲ 18.4% |
| Contributions10/11 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €1.7m | €1.9m | €1.9m | €2.1m | €2.5m | ▲ 19.5% |
| Non-distributable reserves130/1 | - | €165,500 | €165,500 | €165,500 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €165,500 | €165,500 | €165,500 | €0 | ▼ 100% |
| Tax-exempt reserves132 | - | €115,402 | €115,402 | €115,402 | €300,552 | ▲ 160% |
| Distributable reserves133 | - | €1.6m | €1.6m | €1.8m | €2.2m | ▲ 21.5% |
| Profit (loss) carried forward14 | €2,467 | €5,961 | €6,502 | €6,502 | €6,650 | ▲ 2.3% |
| Provisions and deferred taxes16 | €13,500 | €51,967 | €38,467 | €38,467 | €100,184 | ▲ 160% |
| Provisions for liabilities and charges160/5 | - | €13,500 | €0 | - | - | - |
| Other liabilities and charges164/5 | - | €13,500 | €0 | - | - | - |
| Deferred taxes168 | - | €38,467 | €38,467 | €38,467 | €100,184 | ▲ 160% |
| Amounts payable17/49 | €64,854 | €852,260 | €486,137 | €233,694 | €828,399 | ▲ 254% |
| Amounts payable after more than one year17 | €0 | - | - | - | €540,000 | - |
| Financial debts170/4 | - | - | - | - | €540,000 | - |
| Amounts payable within one year42/48 | €64,854 | €831,051 | €468,475 | €216,114 | €275,182 | ▲ 27.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €60,000 | - |
| Trade debts44 | €18,618 | €341,756 | €13,356 | €6,998 | €5,437 | ▼ 22.3% |
| Suppliers440/4 | - | €341,756 | €13,356 | €6,998 | €5,437 | ▼ 22.3% |
| Taxes, remuneration and social security45 | - | €98,964 | €47,709 | €21,771 | €9,424 | ▼ 56.7% |
| Taxes450/3 | - | €98,964 | €47,709 | €21,771 | €9,424 | ▼ 56.7% |
| Other amounts payable47/48 | - | €390,331 | €407,410 | €187,345 | €200,321 | ▲ 6.9% |
| Accrued charges and deferred income492/3 | - | €21,210 | €17,662 | €17,581 | €13,217 | ▼ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €437,264 | €163,897 | €32,540 | €181,679 | €412,299 | ▲ 127% |
| + Depreciation and write-downs630 | €54,082 | €65,945 | €66,545 | €48,968 | €160,354 | ▲ 227% |
| Operating cash flow (approximation) | €491,346 | €229,841 | €99,085 | €230,648 | €572,653 | ▲ 148% |
| Investment in fixed assets (approximation) | - | -€515,658 | €190,958 | -€1,346 | -€949,823 | ▼ 70,452% |
| Change in cash | - | -€437,826 | €366,533 | -€14,946 | -€882,149 | ▼ 5,802% |
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
15-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 5.36
Current ratio from 2.52 to 5.36; short-term debt falls from €468,475 to €216,114.
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €32,540 ▼80.1%
Net result drops to €32,540, the lowest in the series; recovery starts the following year.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €437,264 ▲49%
Net result €437,264, the highest in the series.
30-09
Financial
Liquidity times 12current ratio 34.87
Current ratio from 2.89 to 34.87; short-term debt falls from €1.0m to €64,854.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-04
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 4 acts read
About the unread acts
We know of 4 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
4 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, Staden · 1 establishment unit since 1990
Ground area
4,639 m²
Building footprint
295 m²
Volume, LiDAR
1,644 m³
Parcel 36019B0053/00D000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint Jansstraat(STA) 156, 8840 Staden
since 19902.046.982.981
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019B0053/00D000 | Flanders | 4,639 m² | 1 · 295 m² | 10.5 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
25%
-
25%
According to the annual accounts to 30-09-2025 of STIM 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
875500KBRUF4C4UMTM62
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,357 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
Founded19-01-1990
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68121Development of residential building projects
68122Development of non-residential building projects
46180Agents specialised in the wholesale of other particular products
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440021001
Also
9925:BE0440021001
Registered
25-11-2025
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.