STIPAR
ActiveSTIPAR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €27k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
70
/ 100
Healthy▼ -16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-40
Solvency40▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.39 in 2024), but 79% of the assets are financed with debt.
Credit advice for your own amount and term
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
21%
Return on assets
2.5%
Age of the figures
9 mo
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 03-06-2026, 58 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
58 d early
2024
76 d early
2023
21 d early
2022
40 d early
2021
52 d early
2020
64 d early
2019
147 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€221k▼ 16.6%
2024 · €265k
2018: €-3k
2019: €14k
2020: €59k
2021: €126k
2022: €210k
2023: €235k
2024: €265k
2018 → 2025
Total assets
€1.06M▲ 6.2%
2024 · €994k
2018: €8k
2019: €82k
2020: €136k
2021: €233k
2022: €829k
2023: €1.02M
2024: €994k
2018 → 2025
Net result
€27k▼ 56.1%
2024 · €60k
2018: €-10k
2019: €17k
2020: €45k
2021: €68k
2022: €84k
2023: €25k
2024: €60k
2018 → 2025
Working capital
€210k▲ 54.3%
2024 · €136k
2018: €-3k
2019: €7k
2020: €52k
2021: €107k
2022: €118k
2023: €103k
2024: €136k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€126k-€210k▲ 66.5%€235k▲ 11.8%€265k▲ 12.9%€221k▼ 16.6%
Operating result€89k-€103k▲ 16.0%€40k▼ 61.3%€83k▲ 109%€59k▼ 28.9%
Net result€68k-€84k▲ 24.3%€25k▼ 70.4%€60k▲ 143%€27k▼ 56.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€462k▼ 9.7%
Current assets
€594k▲ 23.0%
Equity and liabilities €1.06M
Equity
€221k▼ 16.6%
Debt
€834k▲ 14.5%
The debt ratio rises from 73.3% to 79.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€105k▼
2024 · €122k
Cash flow
€73k▼
2024 · €100k
Solvency
21.0%▼
2024 · 26.7%
Current ratio
1.55▲
2024 · 1.39
Quick ratio
1.23▲
2024 · 1.16
Debt / equity
3.77▲
2024 · 2.74
ROE
12.0%▼
2024 · 22.8%
ROA
2.5%▼
2024 · 6.1%
Interest coverage
6.12▼
2024 · 10.78
Debt
€834k▲
2024 · €729k
Debt ≤ 1 year
€384k▲
2024 · €347k
Debt > 1 year
€412k▲
2024 · €382k
Income taxes
€16k▼
2024 · €21k
Staff costs
€233k▲
2024 · €151k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€994k€1.06M▲
Fixed assets21/28€511k€462k▼
Intangible fixed assets21€3k€3k▼
Tangible fixed assets22/27€507k€459k▼
Land and buildings22€394k€377k▼
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€96k€69k▼
Financial fixed assets28€300€300=
Current assets29/58€483k€594k▲
Stocks and contracts in progress3€79k€120k▲
Stocks30/36€79k€120k▲
Amounts receivable within one year40/41€275k€388k▲
Trade receivables40€246k€339k▲
Other amounts receivable41€30k€49k▲
Cash at bank and in hand54/58€123k€72k▼
Deferred charges and accrued income490/1€6k€14k▲
Equity and liabilities
Total equity and liabilities10/49€994k€1.06M▲
Equity10/15€265k€221k▼
Contributions10/11€7k€19k▲
Reserves13€258k€203k▼
Distributable reserves133€258k€203k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€729k€834k▲
Amounts payable after more than one year17€382k€412k▲
Financial debts170/4€382k€412k▲
Amounts payable within one year42/48€347k€384k▲
Current portion of amounts payable after more than one year42€52k€77k▲
Trade debts44€132k€147k▲
Suppliers440/4€132k€147k▲
Taxes, remuneration and social security45€157k€158k▲
Taxes450/3€125k€130k▲
Remuneration and social security454/9€32k€28k▼
Other amounts payable47/48€5k€1k▼
Accrued charges and deferred income492/3-€38k
Income statement
Code20242025
Remuneration, social security and pensions62€151k€233k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€46k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€14k€4k▼
Non-recurring operating charges66A€3k€0▼
Gross operating margin9900€289k€348k▲
Operating profit (loss)9901€83k€59k▼
Financial income75/76B€9k€158▼
Recurring financial income75€9k€158▼
Financial charges65/66B€11k€17k▲
Recurring financial charges65€11k€17k▲
Profit (loss) for the period before taxes9903€81k€42k▼
Income taxes67/77€21k€16k▼
Profit (loss) for the period9904€60k€27k▼
Profit (loss) for the period to be appropriated9905€60k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€27k▼
Transfer from equity791/2€30k€82k▲
Transfer to equity691/2€60k€27k▼
To other reserves6921€60k€27k▼
Profit to be distributed694/7€30k€82k▲
Return on contributions (dividend)694€30k€82k▲
Social balance
Average headcount (FTE)90872.33.0▲
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €84k ▲24.3%
Operating result €103k, net result €84k, both a record.
31-12
Financial
Equity above €200kEq €210k ▲66.5%
4 profitable years in a row build equity to €210k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €126k ▲115%
3 profitable years in a row build equity to €126k.
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Keerbergen · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mosvennedreef 73140 KeerbergenGround area
8.5 ha
Building footprint
413 m²
Volume, LiDAR
3,163 m³
2 parcels, Flanders · tallest building 20.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STIPAR
since 20202.301.442.487
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I1418/00H000 | Flanders | 8.4 ha | 1 · 289 m² | 20.2 m · 3 fl. |
| 24048D0294/00P000 | Flanders | 1,184 m² | 1 · 124 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2024 to 2025 · 3 entries · 7,170 EUR awarded · 7,170 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,670 EUR | 7,170 EUR |
| 2024 | 1 | 4,500 EUR | 0 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
6488R1PRKT78360R2D23
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Of 2,509 companies in sector 46649 we hold annual accounts for 1,761. 1,290 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-08-2017
Fiscal year end31-12
Activities, NACEBEL
46649Wholesale of other machinery and equipment
46900Non-specialised wholesale trade
47610Retail trade
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.