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STM RETAIL

Active
Private limited companyfounded 2009active for 16 yearsBredabaan 226, 2930 Brasschaat, BelgiumKBO/BCE: BE 0821.018.292
Summary

The annual accounts of STM RETAIL for financial year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €9,202 and a net result of -€12,674. Equity is shrinking by about 10% per year across the filed financial years. Its solvency ranks better than 28% of 22,080 sector peers (NACE 47, financial year 2025). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Activity
Retail sale of watches and jewellery
NACE 47770Retail sale of souvenirs and religious articles NACE 47784
2 sites
Size
€115,321total assets 2025
Staff
1.2 FTE
Equity
€9,202
Loss
-€12,674
Turnover not published (micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Structure
Accounts filed 32 days late0 of 4 deeds read
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLatest accounts 32 days late; 3 of the last 3 lateLoss of €12,674, the second in a row (financial year 2025)lowers riskFounded in 2009Size: total assets €115,321Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 28% of its sector peers (NACE 47, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 33-14
equity 8.0% of total assets
Liquidity 57-3
short-term debt 73.2% · cash 37.2%
Profitability 7+7
return on assets -11.0%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,196 companies, NACE 47, micro)
Last 24 months 11-2024: 1.5% 12-2024: 1.5%● unchanged vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.4%▼ -0.1 percentage points vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.2%▼ -0.2 percentage points vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.2%● unchanged vs 06-2025lowest value 08-2025: 1.6%▲ +0.4 percentage points vs 07-2025 09-2025: 1.5%▼ -0.1 percentage points vs 08-2025 10-2025: 1.6%▲ +0.1 percentage points vs 09-2025 11-2025: 1.6%● unchanged vs 10-2025 12-2025: 1.6%● unchanged vs 11-2025 01-2026: 1.5%▼ -0.1 percentage points vs 12-2025 02-2026: 1.7%▲ +0.2 percentage points vs 01-2026 03-2026: 1.7%● unchanged vs 02-2026 04-2026: 1.7%● unchanged vs 03-2026 05-2026: 1.6%▼ -0.1 percentage points vs 04-2026 06-2026: 1.5%▼ -0.1 percentage points vs 05-2026 07-2026: 1.6%▲ +0.1 percentage points vs 06-2026 08-2026: 2.1%▲ +0.5 percentage points vs 07-2026 09-2026: 2.1%● unchanged vs 08-2026highest value 10-2026: 1.3%▼ -0.8 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.65, compared with 0.87 in 2024, below 1; short-term debt: 73.2% and cash: 37.2% of total assets), and 92% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 25% on solvency, 63% on liquidity, 16% on profitability and 10% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Latest accounts 32 days late; 3 of the last 3 late
NBB · filings
raises risk · Loss of €12,674, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: total assets €115,321
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,674
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
32 days late
2024
47 days late
2023
46 days late
2022
45 days late
2021
99 days late
2020
83 days late
2019
61 days 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 59 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Weakest financial yearnet -€23,705

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€12,674 View
  • Caution: Among the weakest 15% on net resultsector median €5,142 · 22,060 companies -€12,674 View
  • Total assets 20256 financial years filed €115,321 View

By topic

Financials

Financial year
2025
Total assets
€115,321
Loss
-€12,674
Solvency
8.0%
Total assets▲ 14.8%
Net result
20182025
Go to Financials

Timeline

Events
19
Since
2011
Next accounts
by 31-07-2027
  1. 15-09-2024Annual accounts filed
  2. 14-09-2023Annual accounts filed
  3. 07-11-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Retail sale of watches and jewelleryNACE 47770
Founded
01-12-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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