STO
ActiveSummary
STO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.98M and a net result of €1.43M. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 80 lines
The notes to these accounts (66 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €26.20M | €30.63M | €31.24M | €32.32M | €37.33M | ▲ 15.5% |
| Turnover70 | €26.01M | €30.20M | €30.74M | €31.56M | €36.60M | ▲ 16.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €204k | €-69k | €73k | €-96k | ▼ 232% |
| Other operating income74 | €179k | €226k | €567k | €680k | €820k | ▲ 20.6% |
| Non-recurring operating income76A | €11k | €4k | €2k | €5k | €5k | ▲ 12.3% |
| Operating charges60/66A | €24.64M | €29.07M | €29.30M | €30.42M | €35.24M | ▲ 15.8% |
| Goods for resale, raw materials and consumables60 | €15.58M | €18.75M | €17.87M | €18.41M | €21.50M | ▲ 16.8% |
| Purchases600/8 | €15.63M | €18.98M | €17.93M | €18.64M | €21.29M | ▲ 14.2% |
| Change in stocks: decrease (increase)609 | €-49k | €-227k | €-57k | €-238k | €213k | ▲ 189% |
| Services and other goods61 | €3.83M | €4.99M | €5.44M | €5.58M | €6.38M | ▲ 14.4% |
| Remuneration, social security and pensions62 | €4.63M | €4.88M | €5.68M | €5.94M | €6.41M | ▲ 7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €161k | €187k | €210k | €229k | €249k | ▲ 8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €291k | €81k | €-129k | €-267k | €471k | ▲ 276% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €10k | €18k | €6k | €-71k | €65k | ▲ 191% |
| Other operating charges640/8 | €72k | €88k | €81k | €535k | €84k | ▼ 84.4% |
| Non-recurring operating charges66A | €60k | €69k | €138k | €59k | €69k | ▲ 17.7% |
| Operating profit (loss)9901 | €1.56M | €1.57M | €1.94M | €1.90M | €2.09M | ▲ 10.0% |
| Financial income75/76B | - | €300 | €10k | €8k | €14k | ▲ 69.9% |
| Recurring financial income75 | - | €300 | €10k | €8k | €14k | ▲ 69.9% |
| Income from current assets751 | - | €74 | €10k | €8k | €12k | ▲ 38.5% |
| Other financial income752/9 | - | €226 | €47 | €11 | €3k | ▲ 24,035% |
| Financial charges65/66B | €62k | €76k | €92k | €95k | €122k | ▲ 27.9% |
| Recurring financial charges65 | €62k | €76k | €92k | €95k | €115k | ▲ 20.5% |
| Debt charges650 | €2k | €9k | €25k | €35k | €27k | ▼ 21.8% |
| Other financial charges652/9 | €60k | €67k | €67k | €61k | €88k | ▲ 44.6% |
| Non-recurring financial charges66B | - | - | - | - | €7k | - |
| Profit (loss) for the period before taxes9903 | €1.50M | €1.49M | €1.86M | €1.81M | €1.98M | ▲ 9.3% |
| Income taxes67/77 | €407k | €424k | €516k | €495k | €547k | ▲ 10.6% |
| Taxes670/3 | €407k | €424k | €516k | €495k | €547k | ▲ 10.6% |
| Profit (loss) for the period9904 | €1.09M | €1.07M | €1.34M | €1.32M | €1.43M | ▲ 8.8% |
| Profit (loss) for the period to be appropriated9905 | €1.09M | €1.07M | €1.34M | €1.32M | €1.43M | ▲ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.51M | €11.71M | €12.23M | €13.07M | €14.54M | ▲ 11.2% |
| Fixed assets21/28 | €3.03M | €3.17M | €3.29M | €3.30M | €3.39M | ▲ 2.5% |
| Tangible fixed assets22/27 | €3.02M | €3.14M | €3.26M | €3.29M | €3.37M | ▲ 2.5% |
| Land and buildings22 | €2.64M | €2.63M | €2.73M | €2.76M | €2.69M | ▼ 2.7% |
| Plant, machinery and equipment23 | €292k | €403k | €396k | €399k | €559k | ▲ 39.9% |
| Furniture and vehicles24 | €86k | €105k | €136k | €135k | €131k | ▼ 3.1% |
| Financial fixed assets28 | €10k | €32k | €28k | €10k | €10k | = |
| Other financial fixed assets284/8 | €10k | €32k | €28k | €10k | €10k | = |
| Amounts receivable and cash guarantees285/8 | €10k | €32k | €28k | €10k | €10k | = |
| Current assets29/58 | €7.48M | €8.54M | €8.94M | €9.77M | €11.16M | ▲ 14.2% |
| Stocks and contracts in progress3 | €728k | €1.29M | €1.34M | €1.60M | €1.32M | ▼ 17.8% |
| Stocks30/36 | €728k | €1.29M | €1.34M | €1.60M | €1.32M | ▼ 17.8% |
| Raw materials and consumables30/31 | €31k | €38k | €41k | €44k | €51k | ▲ 15.2% |
| Work in progress32 | €25k | €37k | €51k | €76k | €56k | ▼ 25.9% |
| Finished goods33 | €348k | €536k | €453k | €501k | €425k | ▼ 15.2% |
| Goods purchased for resale34 | €325k | €678k | €793k | €983k | €787k | ▼ 20.0% |
| Amounts receivable within one year40/41 | €6.62M | €7.09M | €7.45M | €8.01M | €9.69M | ▲ 20.9% |
| Trade receivables40 | €5.98M | €7.08M | €6.50M | €7.83M | €7.73M | ▼ 1.2% |
| Other amounts receivable41 | €643k | €11k | €959k | €183k | €1.95M | ▲ 970% |
| Cash at bank and in hand54/58 | €26k | €37k | €20k | €17k | €21k | ▲ 25.1% |
| Deferred charges and accrued income490/1 | €104k | €116k | €125k | €139k | €131k | ▼ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.51M | €11.71M | €12.23M | €13.07M | €14.54M | ▲ 11.2% |
| Equity10/15 | €3.13M | €3.49M | €3.53M | €3.75M | €3.98M | ▲ 6.2% |
| Contributions10/11 | €290k | €290k | €290k | €290k | €290k | = |
| Capital10 | €290k | €290k | €290k | €290k | €290k | = |
| Issued capital100 | €290k | €290k | €290k | €290k | €290k | = |
| Reserves13 | €74k | €74k | €74k | €74k | €74k | = |
| Non-distributable reserves130/1 | €29k | €29k | €29k | €29k | €29k | = |
| Legal reserve130 | €29k | €29k | €29k | €29k | €29k | = |
| Distributable reserves133 | €45k | €45k | €45k | €45k | €45k | = |
| Profit (loss) carried forward14 | €2.76M | €3.13M | €3.17M | €3.39M | €3.62M | ▲ 6.9% |
| Provisions and deferred taxes16 | €1.10M | €1.12M | €1.13M | €1.05M | €1.12M | ▲ 6.1% |
| Provisions for liabilities and charges160/5 | €1.10M | €1.12M | €1.13M | €1.05M | €1.12M | ▲ 6.1% |
| Other liabilities and charges164/5 | €1.10M | €1.12M | €1.13M | €1.05M | €1.12M | ▲ 6.1% |
| Amounts payable17/49 | €6.29M | €7.10M | €7.57M | €8.27M | €9.44M | ▲ 14.2% |
| Amounts payable within one year42/48 | €6.28M | €7.09M | €7.57M | €8.27M | €9.44M | ▲ 14.2% |
| Trade debts44 | €4.04M | €5.11M | €4.87M | €5.52M | €6.47M | ▲ 17.1% |
| Suppliers440/4 | €4.04M | €5.11M | €4.87M | €5.52M | €6.47M | ▲ 17.1% |
| Advances received on contracts in progress46 | €61k | €121k | €185k | €274k | €43k | ▼ 84.2% |
| Taxes, remuneration and social security45 | €978k | €1.05M | €1.21M | €1.37M | €1.73M | ▲ 26.1% |
| Taxes450/3 | €170k | €226k | €197k | €347k | €337k | ▼ 2.9% |
| Remuneration and social security454/9 | €808k | €825k | €1.02M | €1.02M | €1.39M | ▲ 36.0% |
| Other amounts payable47/48 | €1.20M | €809k | €1.30M | €1.10M | €1.20M | ▲ 9.1% |
| Accrued charges and deferred income492/3 | €4k | €8k | €1k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.09M | €1.07M | €1.34M | €1.32M | €1.43M | ▲ 8.8% |
| + Depreciation and write-downs630 | €161k | €187k | €210k | €229k | €249k | ▲ 8.7% |
| Operating cash flow (approximation) | €1.25M | €1.25M | €1.55M | €1.55M | €1.68M | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | €-330k | €-329k | €-240k | €-331k | ▼ 37.9% |
| Change in cash | - | €11k | €-17k | €-3k | €4k | ▲ 243% |
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
About the unread acts
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
3 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0150/00R002 | Flanders | 1.3 ha | 1 · 5,018 m² | 70.1 m · 3 fl. |
| 23053B0228/00G002 | Flanders | 4,171 m² | 1 · 1,814 m² | 13.2 m · 3 fl. |
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