Stivanno
ActiveStivanno has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13k and a net result of €-38. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 31% of 2042 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+8
Solvency43▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.65 in 2024; short-term debt: 67.4% and cash: 36.1% of total assets), and 81.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.4%
Return on assets
-0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 3 filingsDeviation from the deadline
2025
18 d late
2024
57 d late
2023
33 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 0.3%
2024 · €13k
2023: €14k
2024: €13k
2023 → 2025
Total assets
€69k▲ 7.0%
2024 · €64k
2023: €118k
2024: €64k
2023 → 2025
Net result
€-38▲ 97.5%
2024 · €-2k
2023: €9k
2024: €-2k
2023 → 2025
Working capital
€-14k▼ 16.2%
2024 · €-12k
2023: €-16k
2024: €-12k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€14k-€13k▼ 10.6%€13k▼ 0.3%
Operating result€16k-€2k▼ 84.7%€3k▲ 32.3%
Net result€9k-€-2k€-38▲ 97.5%
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 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€36k▼ 13.6%
Current assets
€33k▲ 46.0%
Equity and liabilities €69k
Equity
€13k▼ 0.3%
Debt
€56k▲ 8.8%
The debt ratio rises from 80.3% to 81.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▲
2024 · €15k
Cash flow
€12k▲
2024 · €11k
Solvency
18.4%▼
2024 · 19.7%
Current ratio
0.70▲
2024 · 0.65
Quick ratio
0.69▲
2024 · 0.64
Debt / equity
4.44▲
2024 · 4.06
ROE
-0.3%▲
2024 · -11.8%
ROA
-0.1%▲
2024 · -2.3%
Interest coverage
4.75▲
2024 · 4.08
Debt
€56k▲
2024 · €52k
Debt ≤ 1 year
€46k▲
2024 · €34k
Debt > 1 year
€10k▼
2024 · €17k
Income taxes
€132▼
2024 · €255
Staff costs
€36k▲
2024 · €34k
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€64k€69k▲
Fixed assets21/28€42k€36k▼
Intangible fixed assets21€1k€963▼
Tangible fixed assets22/27€41k€30k▼
Plant, machinery and equipment23€33k€25k▼
Leasing and similar rights25€8k€5k▼
Financial fixed assets28-€5k
Current assets29/58€22k€33k▲
Stocks and contracts in progress3€206€311▲
Stocks30/36€206€311▲
Amounts receivable within one year40/41€5k€7k▲
Trade receivables40€5k€6k▲
Other amounts receivable41€189€1k▲
Cash at bank and in hand54/58€16k€25k▲
Deferred charges and accrued income490/1€979€473▼
Equity and liabilities
Total equity and liabilities10/49€64k€69k▲
Equity10/15€13k€13k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€8k€8k▼
Amounts payable17/49€52k€56k▲
Amounts payable after more than one year17€17k€10k▼
Financial debts170/4€17k€10k▼
Amounts payable within one year42/48€34k€46k▲
Current portion of amounts payable after more than one year42€4k€25k▲
Trade debts44€16k€12k▼
Suppliers440/4€16k€12k▼
Taxes, remuneration and social security45€11k€7k▼
Taxes450/3€9k€2k▼
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€3k€3k=
Income statement
Code20242025
Remuneration, social security and pensions62€34k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€50k€52k▲
Operating profit (loss)9901€2k€3k▲
Financial income75/76B€3€138▲
Recurring financial income75€3€138▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-1k€94▲
Income taxes67/77€255€132▼
Profit (loss) for the period9904€-2k€-38▲
Profit (loss) for the period to be appropriated9905€-2k€-38▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€8k▼
Profit (loss) brought forward from the previous period14P€9k€8k▼
The notes to these accounts (15 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet €-2k ▼116%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Arendonk · 2 establishment units since 2022
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.
Brandstraat 122370 ArendonkGround area
1,503 m²
Building footprint
618 m²
Volume, LiDAR
3,597 m³
3 parcels, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Stivanno
since 20222.332.409.936
The Shape Factory
since 20262.384.424.306
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13322E0318/00G000 | Flanders | 659 m² | 1 · 140 m² | 8.2 m · 3 fl. |
| 13046B0018/00P000 | Flanders | 469 m² | 1 · 352 m² | 10.2 m · 1 fl. |
| 13001A1197/00G000 | Flanders | 375 m² | 1 · 125 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,495 companies in sector 85510 we hold annual accounts for 718. 564 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-06-2022
Fiscal year end31-12
Activities, NACEBEL
85510Sports and recreation education
93130Fitness centres
46190Agents in non-specialised wholesale trade
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.