STM DESIGN
ActiveSummary
STM DESIGN has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252,688 and a net result of €100,096. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 83% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+86
Solvency100▲+28
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 3.0 against 0.46 in 2024; short-term debt: 10.4% and cash: 4.7% of total assets), and 13% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
87%
Return on assets
34.5%
Age of the figures
9 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 €252,688
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
15 d early
2023
1 d early
2022
88 d late
2021
179 d late
2020
31 d late
2019
122 d late
← 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 56 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 July (4 of the last 5 filed years within 88 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€45,000
EBIT margin
64.6%
Net result
€100,096
2024 · -€15,478
Working capital
€60,469
2024 · -€104,906
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€2,615-€13,972€228-€16,078€129,239
Net result€113below the sector's middle half-€14,280below the sector's middle half€591below the sector's middle half-€15,478below the sector's middle half€100,096within the sector's middle half
EBIT margin
Equity€207,175within the sector's middle half▲ 0.1%€192,895within the sector's middle half▼ 6.9%€193,485within the sector's middle half▲ 0.3%€178,008within the sector's middle half▼ 8.0%€252,688within the sector's middle half▲ 42.0%
Total assets€514,123above the sector's middle half▲ 5.1%€566,007above the sector's middle half▲ 10.1%€665,797within the sector's middle half▲ 17.6%€376,337below the sector's middle half▼ 43.5%€290,328within the sector's middle half▼ 22.9%
Debt€301,705▲ 9.4%€368,850▲ 22.3%€469,031▲ 27.2%€196,031▼ 58.2%€36,323▼ 81.5%
Working capital-€149,574below the sector's middle half▲ 17.8%-€131,668below the sector's middle half▲ 12.0%-€99,562below the sector's middle half▲ 24.4%-€104,906below the sector's middle half▼ 5.4%€60,469within the sector's middle half
Solvency40.3%within the sector's middle half▼ 2.0pp34.1%within the sector's middle half▼ 6.2pp29.1%within the sector's middle half▼ 5.0pp47.3%within the sector's middle half▲ 18.2pp87.0%above the sector's middle half▲ 39.7pp
Current ratio0.50below the sector's middle half▲ 0.160.64below the sector's middle half▲ 0.140.79within the sector's middle half▲ 0.140.46below the sector's middle half▼ 0.323.00within the sector's middle half▲ 2.54
Return on assets (ROA)0.0%below the sector's middle half=-2.5%below the sector's middle half▼ 2.5pp0.1%below the sector's middle half▲ 2.6pp-4.1%below the sector's middle half▼ 4.2pp34.5%above the sector's middle half▲ 38.6pp
Staff (FTE)0.4within the sector's middle half0.5within the sector's middle half▲ 25.0%0.5within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €129,239 after a loss of €16,078 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290,328
Fixed assets
€199,628 ▼ 30.0%
Current assets
€90,700 ▼ 0.5%
Equity and liabilities €290,328
Equity
€252,688 ▲ 42.0%
Provisions
€1,316 ▼ 42.7%
Debt
€36,323 ▼ 81.5%
Debt's share of the balance-sheet total falls from 52.1% to 12.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€144,980▲
2024 · -€4,302
Cash flow
€115,837▲
2024 · -€3,702
Debt to equity
0.14▼
2024 · 1.10
ROE
39.6%▲
2024 · -8.7%
Interest coverage
229.48▲
2024 · -37.13
Debt ≤ 1 year
€30,231▼
2024 · €196,031
Income taxes
€29,549▲
2024 · €267
Staff costs
€5,550▼
2024 · €14,753
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 31,371 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 | - | - | - | - | €141,600 | - |
| Remuneration, social security and pensions62 | €29,196 | €29,434 | €713 | €14,753 | €5,550 | ▼ 62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,168 | €33,168 | €33,026 | €11,776 | €15,741 | ▲ 33.7% |
| Other operating charges640/8 | €2,017 | €2,891 | €3,687 | €3,133 | €4,205 | ▲ 34.2% |
| Gross operating margin9900 | €66,996 | €51,521 | €37,654 | €13,583 | €154,735 | ▲ 1,039% |
| Operating profit (loss)9901 | €2,615 | -€13,972 | €228 | -€16,078 | €129,239 | ▲ 904% |
| Financial income75/76B | €8 | €5 | €213 | €2 | €56 | ▲ 3,193% |
| Recurring financial income75 | €8 | €5 | €213 | €2 | €56 | ▲ 3,193% |
| Financial charges65/66B | €1,399 | €1,145 | €622 | €116 | €632 | ▲ 445% |
| Recurring financial charges65 | €1,399 | €1,145 | €622 | €116 | €632 | ▲ 445% |
| Profit (loss) for the period before taxes9903 | €1,224 | -€15,112 | -€182 | -€16,193 | €128,663 | ▲ 895% |
| Transfer from deferred taxes780 | €982 | €982 | €982 | €982 | €982 | = |
| Income taxes67/77 | €2,093 | €149 | €209 | €267 | €29,549 | ▲ 10,969% |
| Profit (loss) for the period9904 | €113 | -€14,280 | €591 | -€15,478 | €100,096 | ▲ 747% |
| Transfer from tax-exempt reserves789 | €1,906 | €1,906 | €1,906 | €1,906 | €1,906 | = |
| Profit (loss) for the period to be appropriated9905 | €2,020 | -€12,374 | €2,497 | -€13,571 | €102,002 | ▲ 852% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €514,123 | €566,007 | €665,797 | €376,337 | €290,328 | ▼ 22.9% |
| Fixed assets21/28 | €361,992 | €328,824 | €296,327 | €285,212 | €199,628 | ▼ 30.0% |
| Tangible fixed assets22/27 | €361,432 | €328,264 | €296,327 | €285,212 | €199,628 | ▼ 30.0% |
| Land and buildings22 | €361,088 | €328,264 | €295,441 | €284,179 | €196,331 | ▼ 30.9% |
| Furniture and vehicles24 | €344 | €0 | €886 | €1,033 | €3,297 | ▲ 219% |
| Financial fixed assets28 | €560 | €560 | €0 | - | - | - |
| Current assets29/58 | €152,131 | €237,182 | €369,469 | €91,125 | €90,700 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €149,365 | €229,874 | €355,835 | €58,630 | €76,974 | ▲ 31.3% |
| Trade receivables40 | €144,996 | €223,708 | €347,772 | €58,630 | €17,479 | ▼ 70.2% |
| Other amounts receivable41 | €4,369 | €6,167 | €8,063 | €0 | €59,495 | - |
| Cash at bank and in hand54/58 | €2,368 | €6,074 | €12,208 | €30,111 | €13,612 | ▼ 54.8% |
| Deferred charges and accrued income490/1 | €397 | €1,234 | €1,426 | €2,385 | €113 | ▼ 95.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €514,123 | €566,007 | €665,797 | €376,337 | €290,328 | ▼ 22.9% |
| Equity10/15 | €207,175 | €192,895 | €193,485 | €178,008 | €252,688 | ▲ 42.0% |
| Contributions10/11 | €80,592 | €80,592 | €80,592 | €80,592 | €111,592 | ▲ 38.5% |
| Revaluation surpluses12 | €50,162 | €50,162 | €50,162 | €50,162 | €22,595 | ▼ 55.0% |
| Reserves13 | €10,183 | €8,276 | €6,370 | €4,463 | €5,657 | ▲ 26.7% |
| Tax-exempt reserves132 | €10,183 | €8,276 | €6,370 | €4,463 | €2,557 | ▼ 42.7% |
| Distributable reserves133 | - | - | - | - | €3,100 | - |
| Profit (loss) carried forward14 | €66,238 | €53,864 | €56,361 | €42,790 | €112,845 | ▲ 164% |
| Provisions and deferred taxes16 | €5,243 | €4,262 | €3,280 | €2,298 | €1,316 | ▼ 42.7% |
| Deferred taxes168 | €5,243 | €4,262 | €3,280 | €2,298 | €1,316 | ▼ 42.7% |
| Amounts payable17/49 | €301,705 | €368,850 | €469,031 | €196,031 | €36,323 | ▼ 81.5% |
| Amounts payable within one year42/48 | €301,705 | €368,850 | €469,031 | €196,031 | €30,231 | ▼ 84.6% |
| Trade debts44 | €9,420 | €30,362 | €62,537 | €34,871 | €574 | ▼ 98.4% |
| Suppliers440/4 | €9,420 | €30,362 | €62,537 | €34,871 | €574 | ▼ 98.4% |
| Taxes, remuneration and social security45 | €58,758 | €100,496 | €213 | €622 | €29,549 | ▲ 4,647% |
| Taxes450/3 | €55,635 | €100,023 | €209 | €476 | €29,549 | ▲ 6,114% |
| Remuneration and social security454/9 | €3,124 | €472 | €4 | €147 | €0 | ▼ 100% |
| Other amounts payable47/48 | €233,527 | €237,993 | €406,281 | €160,537 | €108 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €6,093 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113 | -€14,280 | €591 | -€15,478 | €100,096 | ▲ 747% |
| + Depreciation and write-downs630 | €33,168 | €33,168 | €33,026 | €11,776 | €15,741 | ▲ 33.7% |
| Operating cash flow (approximation) | €33,281 | €18,887 | €33,617 | -€3,702 | €115,837 | ▲ 3,229% |
| Investment in fixed assets (approximation) | - | €0 | -€529 | -€660 | €69,842 | ▲ 10,677% |
| Change in cash | - | €3,705 | €6,135 | €17,902 | -€16,498 | ▼ 192% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €100,096
Net result €100,096 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 3.00
Current ratio from 0.46 to 3.00; short-term debt falls from €196,031 to €30,231.
31-12
Financial
Equity above €200,000Eq €252,688 ▲42%
Equity rises from €178,008 to €252,688.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€15,478
Net result drops to -€15,478, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €591
Net result €591 after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 179 days late
2021
31-12
Financial
Back to profitnet €113
Net result €113 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Show earlier events
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Highest result since 2018net €163,474 ▲444%
Operating result €195,126, net result €163,474, both a record.
31-12
Financial
Equity above €200,000Eq €207,130 ▲184%
2 profitable years in a row build equity to €207,130.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Geraardsbergen · 1 establishment unit since 1997
Ground area
2,761 m²
Building footprint
2,104 m²
Volume, LiDAR
14,394 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ART MONSIEUR
since 19972.080.848.057
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41053B0260/00N000 | Flanders | 2,647 m² | 1 · 1,973 m² | 7.6 m · 2 fl. |
| 41304F0827/00M004 | Flanders | 114 m² | 1 · 131 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
OVER 360°
BE 0785.993.671
Lasne · Eq €252,697
DELROB
BE 0658.854.187
Lanaken · Eq €252,718
M.N Consult
BE 0787.227.155
Brussel · Eq €252,658
TC Invest & Consulting
BE 0629.994.313
Bierbeek · Eq €252,653
GJC MANAGEMENT
BE 0804.045.866
Wezembeek-Oppem · Eq €252,734
Of 82,601 companies in sector 70200 we hold annual accounts for 52,615. 38,899 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 (pre-2019)
Founded09-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459758026
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.