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STIRO

Bankruptcy closed
Private limited companyKBO/BCE: BE 0699.676.539

Inactive since 17-06-2026; last annual accounts for financial year 2022.

Summary

STIRO was declared bankrupt on 07-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 15-06-2026, published in the Belgian Official Gazette on 19-06-2026.

STIROBankruptcy closed

Financials · financial year 2022, micro format

2022 annual accounts filed late (24 days) Filed on 24 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00403500.

Equity
-€98,426
2021 · €12,815
Total assets
€65,711▼ 17.9%
2021 · €80,006
Net result
-€111,241▼ 1,231%
2021 · -€8,355
Working capital
-€101,332
2021 · €34,355
Trend over the years

2021 to 2022, 2 financial years

The operating result stays negative: a loss of €99,282 in 2022 against €4,727 in 2021; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€99,282 2022 Net result-€111,241 2022

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line20212022
Operating result-€4,727--€99,282▼ 2,000%
Net result-€8,355--€111,241▼ 1,231%
Equity€12,815--€98,426
Total assets€80,006-€65,711▼ 17.9%
Debt€67,191-€164,137▲ 144%
Working capital€34,355--€101,332
Staff (FTE)2.2
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €65,711
Fixed assets €14,679 ▲ 324%
Current assets €51,033 ▼ 33.3%
Equity and liabilities
Equity-€98,426
Debt€164,137
Equity is negative: debt (€164,137) exceeds the balance-sheet total (€65,711).
Key figures and ratios
2022 value · change against 2021
EBITDA
-€96,235▼
2021 · -€3,544
Cash flow
-€108,195▼
2021 · -€7,171
Solvency
-149.8%▼
2021 · 16.0%
Current ratio
0.33▼
2021 · 1.81
Quick ratio
0.23▼
2021 · 1.81
ROA
-169.3%▼
2021 · -10.4%
Interest coverage
-8.34▼
2021 · -1.05
Debt ≤ 1 year
€152,364▲
2021 · €42,191
Debt > 1 year
€11,773▼
2021 · €25,000
Income taxes
€414▲
2021 · €240
Staff costs
€66,692▲
2021 · €2,722
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 46 lines
Balance sheet Code20212022
Assets
Total assets20/58€80,006€65,711▼
Fixed assets21/28€3,460€14,679▲
Tangible fixed assets22/27€3,460€14,679▲
Plant, machinery and equipment23€3,180€10,934▲
Furniture and vehicles24€281€3,745▲
Current assets29/58€76,546€51,033▼
Stocks and contracts in progress3-€15,743
Stocks30/36-€15,743
Amounts receivable within one year40/41€75,538€34,774▼
Trade receivables40€59,887€34,653▼
Other amounts receivable41€15,651€120▼
Deferred charges and accrued income490/1€1,008€516▼
Equity and liabilities
Total equity and liabilities10/49€80,006€65,711▼
Equity10/15€12,815-€98,426▼
Contributions10/11€600€600=
Reserves13€19,782€19,782=
Distributable reserves133€19,782€19,782=
Profit (loss) carried forward14-€7,566-€118,808▼
Amounts payable17/49€67,191€164,137▲
Amounts payable after more than one year17€25,000€11,773▼
Financial debts170/4€25,000€11,773▼
Amounts payable within one year42/48€42,191€152,364▲
Current portion of amounts payable after more than one year42-€6,645
Financial debts43€6,923€25,004▲
Credit institutions430/8€6,923€25,004▲
Trade debts44€27,179€57,522▲
Suppliers440/4€27,179€57,522▲
Taxes, remuneration and social security45€8,090€32,050▲
Taxes450/3€6,610€20,627▲
Remuneration and social security454/9€1,480€11,423▲
Other amounts payable47/48-€31,143
Income statement Code20212022
Remuneration, social security and pensions62€2,722€66,692▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,184€3,047▲
Other operating charges640/8€541€6,046▲
Gross operating margin9900-€281-€23,497▼
Operating profit (loss)9901-€4,727-€99,282▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€3,388€11,546▲
Recurring financial charges65€3,388€11,546▲
Profit (loss) for the period before taxes9903-€8,115-€110,827▼
Income taxes67/77€240€414▲
Profit (loss) for the period9904-€8,355-€111,241▼
Profit (loss) for the period to be appropriated9905-€8,355-€111,241▼
Appropriation of the result
Profit (loss) to be appropriated9906-€7,566-€118,808▼
Profit (loss) brought forward from the previous period14P€788-€7,566▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022Change
Remuneration, social security and pensions62€2,722€66,692▲ 25×
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,184€3,047▲ 157%
Other operating charges640/8€541€6,046▲ 11×
Gross operating margin9900-€281-€23,497▼ 8,273%
Operating profit (loss)9901-€4,727-€99,282▼ 2,000%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€3,388€11,546▲ 241%
Recurring financial charges65€3,388€11,546▲ 241%
Profit (loss) for the period before taxes9903-€8,115-€110,827▼ 1,266%
Income taxes67/77€240€414▲ 72.8%
Profit (loss) for the period9904-€8,355-€111,241▼ 1,231%
Profit (loss) for the period to be appropriated9905-€8,355-€111,241▼ 1,231%
Line20212022Change
Assets
Total assets20/58€80,006€65,711▼ 17.9%
Fixed assets21/28€3,460€14,679▲ 324%
Tangible fixed assets22/27€3,460€14,679▲ 324%
Plant, machinery and equipment23€3,180€10,934▲ 244%
Furniture and vehicles24€281€3,745▲ 13×
Current assets29/58€76,546€51,033▼ 33.3%
Stocks and contracts in progress3-€15,743-
Stocks30/36-€15,743-
Amounts receivable within one year40/41€75,538€34,774▼ 54.0%
Trade receivables40€59,887€34,653▼ 42.1%
Other amounts receivable41€15,651€120▼ 99.2%
Deferred charges and accrued income490/1€1,008€516▼ 48.8%
Equity and liabilities
Total equity and liabilities10/49€80,006€65,711▼ 17.9%
Equity10/15€12,815-€98,426-
Contributions10/11€600€600=
Reserves13€19,782€19,782=
Distributable reserves133€19,782€19,782=
Profit (loss) carried forward14-€7,566-€118,808▼ 1,470%
Amounts payable17/49€67,191€164,137▲ 144%
Amounts payable after more than one year17€25,000€11,773▼ 52.9%
Financial debts170/4€25,000€11,773▼ 52.9%
Amounts payable within one year42/48€42,191€152,364▲ 261%
Current portion of amounts payable after more than one year42-€6,645-
Financial debts43€6,923€25,004▲ 261%
Credit institutions430/8€6,923€25,004▲ 261%
Trade debts44€27,179€57,522▲ 112%
Suppliers440/4€27,179€57,522▲ 112%
Taxes, remuneration and social security45€8,090€32,050▲ 296%
Taxes450/3€6,610€20,627▲ 212%
Remuneration and social security454/9€1,480€11,423▲ 672%
Other amounts payable47/48-€31,143-
Line20212022Change
Profit (loss) for the period9904-€8,355-€111,241▼ 1,231%
+ Depreciation and write-downs630€1,184€3,047▲ 157%
Operating cash flow (approximation)-€7,171-€108,195▼ 1,409%
Investment in fixed assets (approximation)--€14,265-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2022 micro format 24-08-2023 2023-00403500
31-12-2021 micro format 01-08-2022 2022-20278688

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.