STIPA
ActiveSummary
STIPA has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €147,632 and a net result of €28,303. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+1
Solvency48▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.31 in 2023; short-term debt: 73.2% and cash: 8.2% of total assets), and 77.2% 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €147,632
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
4 d late
2023
on the day
2022
92 d late
2021
61 d late
2020
83 d late
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 6 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#9 employer in Jurbise
Turnover
€835,832
EBIT margin
-2.1%
Net result
€28,303▲ 68.4%
2023 · €16,803
Working capital
€152,352▲ 13.6%
2023 · €134,148
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Turnover€835,832
Operating result-€17,166-€74,222▼ 332%€18,063€34,752▲ 92.4%€77,676▲ 124%
Net result-€33,292below the sector's middle half-€97,936below the sector's middle half▼ 194%€12,330within the sector's middle half€16,803within the sector's middle half▲ 36.3%€28,303within the sector's middle half▲ 68.4%
EBIT margin-2.1%
Equity€188,133above the sector's middle half▼ 15.0%€90,196within the sector's middle half▼ 52.1%€102,526within the sector's middle half▲ 13.7%€119,329within the sector's middle half▲ 16.4%€147,632within the sector's middle half▲ 23.7%
Total assets€788,211above the sector's middle half▼ 0.3%€603,352within the sector's middle half▼ 23.5%€469,756within the sector's middle half▼ 22.1%€593,656within the sector's middle half▲ 26.4%€648,238within the sector's middle half▲ 9.2%
Debt€600,078▲ 5.4%€513,156▼ 14.5%€367,231▼ 28.4%€474,327▲ 29.2%€500,606▲ 5.5%
Working capital€227,031above the sector's middle half▼ 13.7%€107,454within the sector's middle half▼ 52.7%€116,016within the sector's middle half▲ 8.0%€134,148within the sector's middle half▲ 15.6%€152,352within the sector's middle half▲ 13.6%
Solvency23.9%within the sector's middle half▼ 4.1pp14.9%below the sector's middle half▼ 8.9pp21.8%within the sector's middle half▲ 6.9pp20.1%within the sector's middle half▼ 1.7pp22.8%within the sector's middle half▲ 2.7pp
Current ratio1.43within the sector's middle half▼ 0.121.23within the sector's middle half▼ 0.201.34within the sector's middle half▲ 0.111.31within the sector's middle half▼ 0.041.32within the sector's middle half▲ 0.01
Return on assets (ROA)-4.2%below the sector's middle half▼ 6.6pp-16.2%below the sector's middle half▼ 12.0pp2.6%within the sector's middle half▲ 18.9pp2.8%within the sector's middle half▲ 0.2pp4.4%within the sector's middle half▲ 1.5pp
Staff (FTE)7within the sector's middle half6.5within the sector's middle half▼ 7.1%6.3within the sector's middle half▼ 3.1%13within the sector's middle half▲ 106%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 124% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €648,238
Fixed assets
€21,604 ▲ 0.7%
Current assets
€626,634 ▲ 9.5%
Equity and liabilities €648,238
Equity
€147,632 ▲ 23.7%
Debt
€500,606 ▲ 5.5%
Debt's share of the balance-sheet total falls from 79.9% to 77.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81,202▲
2023 · €38,222
Cash flow
€31,829▲
2023 · €20,273
Quick ratio
0.83▲
2023 · 0.78
Debt to equity
3.39▼
2023 · 3.97
ROE
19.2%▲
2023 · 14.1%
Interest coverage
1.64▼
2023 · 1.81
Debt ≤ 1 year
€474,282▲
2023 · €438,052
Debt > 1 year
€24,150▼
2023 · €36,275
Staff costs
€254,301▲
2023 · €179,496
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 4,678 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €835,832 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €256,016 | €206,646 | €179,496 | €254,301 | ▲ 41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,153 | €15,175 | €10,980 | €3,470 | €3,526 | ▲ 1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €33,853 | - | - | - | - |
| Other operating charges640/8 | - | €9,420 | €4,784 | €10,942 | €4,100 | ▼ 62.5% |
| Non-recurring operating charges66A | - | - | €5,983 | €15,009 | - | - |
| Gross operating margin9900 | €411,294 | €240,242 | €246,456 | €243,670 | €339,603 | ▲ 39.4% |
| Operating profit (loss)9901 | -€17,166 | -€74,222 | €18,063 | €34,752 | €77,676 | ▲ 124% |
| Financial income75/76B | - | €93 | €1,353 | €3,184 | - | - |
| Recurring financial income75 | €25 | €93 | €1,353 | €3,184 | - | - |
| Financial charges65/66B | - | €23,807 | €12,818 | €21,133 | €49,373 | ▲ 134% |
| Recurring financial charges65 | €16,152 | €23,807 | €12,818 | €21,133 | €49,373 | ▲ 134% |
| Profit (loss) for the period before taxes9903 | -€33,292 | -€97,936 | €6,598 | €16,803 | €28,303 | ▲ 68.4% |
| Income taxes67/77 | - | - | -€5,732 | €0 | - | - |
| Profit (loss) for the period9904 | -€33,292 | -€97,936 | €12,330 | €16,803 | €28,303 | ▲ 68.4% |
| Profit (loss) for the period to be appropriated9905 | -€33,292 | -€97,936 | €12,330 | €16,803 | €28,303 | ▲ 68.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €788,211 | €603,352 | €469,756 | €593,656 | €648,238 | ▲ 9.2% |
| Fixed assets21/28 | €36,381 | €26,969 | €15,936 | €21,456 | €21,604 | ▲ 0.7% |
| Tangible fixed assets22/27 | €25,199 | €15,786 | €4,753 | €10,274 | €10,422 | ▲ 1.4% |
| Land and buildings22 | - | €83 | - | - | - | - |
| Plant, machinery and equipment23 | - | €8,103 | €4,753 | €2,091 | €2,915 | ▲ 39.4% |
| Furniture and vehicles24 | - | €7,600 | - | €8,183 | €7,506 | ▼ 8.3% |
| Financial fixed assets28 | €11,182 | €11,182 | €11,182 | €11,182 | €11,182 | = |
| Current assets29/58 | €751,830 | €576,383 | €453,821 | €572,199 | €626,634 | ▲ 9.5% |
| Stocks and contracts in progress3 | €43,578 | €242,369 | €172,987 | €232,073 | €234,406 | ▲ 1.0% |
| Stocks30/36 | - | €45,438 | €39,177 | €39,516 | €45,444 | ▲ 15.0% |
| Contracts in progress37 | - | €196,931 | €133,811 | €192,557 | €188,962 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €353,429 | €322,988 | €273,837 | €329,101 | €338,359 | ▲ 2.8% |
| Trade receivables40 | - | €310,507 | €268,828 | €322,376 | €330,334 | ▲ 2.5% |
| Other amounts receivable41 | - | €12,481 | €5,009 | €6,725 | €8,025 | ▲ 19.3% |
| Cash at bank and in hand54/58 | €81,514 | €6,847 | €4,143 | €3,663 | €53,346 | ▲ 1,356% |
| Deferred charges and accrued income490/1 | - | €4,179 | €2,855 | €7,363 | €522 | ▼ 92.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €788,211 | €603,352 | €469,756 | €593,656 | €648,238 | ▲ 9.2% |
| Equity10/15 | €188,133 | €90,196 | €102,526 | €119,329 | €147,632 | ▲ 23.7% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | €20,000 | €20,000 | - | - | - |
| Other1109/19 | - | €20,000 | €20,000 | - | - | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €166,133 | €68,196 | €80,526 | €97,329 | €125,632 | ▲ 29.1% |
| Amounts payable17/49 | €600,078 | €513,156 | €367,231 | €474,327 | €500,606 | ▲ 5.5% |
| Amounts payable after more than one year17 | €75,279 | €44,227 | €29,426 | €36,275 | €24,150 | ▼ 33.4% |
| Financial debts170/4 | - | €44,227 | €29,426 | €36,275 | €24,150 | ▼ 33.4% |
| Amounts payable within one year42/48 | €524,799 | €468,929 | €337,805 | €438,052 | €474,282 | ▲ 8.3% |
| Current portion of amounts payable after more than one year42 | - | €34,300 | €27,038 | €26,401 | €12,125 | ▼ 54.1% |
| Financial debts43 | - | €184,325 | €184,295 | €208,020 | €199,993 | ▼ 3.9% |
| Credit institutions430/8 | - | €184,325 | €184,295 | €208,020 | €199,993 | ▼ 3.9% |
| Trade debts44 | €107,013 | €128,473 | €73,251 | €108,743 | €73,346 | ▼ 32.6% |
| Suppliers440/4 | - | €128,473 | €73,251 | €108,743 | €73,346 | ▼ 32.6% |
| Advances received on contracts in progress46 | - | €762 | - | €228 | - | - |
| Taxes, remuneration and social security45 | - | €80,736 | €27,226 | €93,737 | €153,265 | ▲ 63.5% |
| Taxes450/3 | - | €22,324 | €10,897 | €16,456 | €27,618 | ▲ 67.8% |
| Remuneration and social security454/9 | - | €58,411 | €16,329 | €77,281 | €125,647 | ▲ 62.6% |
| Other amounts payable47/48 | - | €40,333 | €25,994 | €922 | €35,554 | ▲ 3,755% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2,174 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,292 | -€97,936 | €12,330 | €16,803 | €28,303 | ▲ 68.4% |
| + Depreciation and write-downs630 | €18,153 | €15,175 | €10,980 | €3,470 | €3,526 | ▲ 1.6% |
| Operating cash flow (approximation) | -€15,139 | -€82,761 | €23,310 | €20,273 | €31,829 | ▲ 57.0% |
| Investment in fixed assets (approximation) | - | -€5,763 | €53 | -€8,990 | -€3,674 | ▲ 59.1% |
| Change in cash | - | -€74,667 | -€2,704 | -€480 | €49,684 | ▲ 10,458% |
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
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-12
Financial
Back to profitnet €12,330
Net result €12,330 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €102,526 ▲13.7%
Equity rises from €90,196 to €102,526.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Weakest financial yearnet -€97,936
Net result drops to -€97,936, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Jurbise · 1 establishment unit since 2004
Ground area
6,628 m²
Building footprint
149 m²
Parcel 53050D0154/00X002, Wallonia. Linked by address, not a title deed.
1 establishment unit
STIPA
since 20042.134.911.503
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53050D0154/00X002 | Wallonia | 6,628 m² | 1 · 149 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.
Recognitions · licences · registrations
Recognised contractor
6 categoriesSTIPA SRL46301
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Of 21,225 companies in sector 81300 we hold annual accounts for 4,369. 3,548 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
Founded24-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862404135
Registered
26-01-2026
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.