STOA
ActiveSummary
The computed 12-month bankruptcy probability of STOA is 1.7% (moderate). The 2024 annual accounts show equity of €5k and a net result of €3k. Equity is shrinking by ~38.6% per year across the filed fiscal years. The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+30
Solvency30▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.02 against 0.05 in 2023; short-term debt: 95.1% and cash: 1% of total assets), and 95.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
4.9%
Return on assets
2.6%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
26 d early
2022
34 d early
2021
33 d early
2020
18 d early
2019
3 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€5k▲ 114%
2023 · €2k
2019: €51khighest in 6 years
2020: €34k▼ -33.4% vs 2019
2021: €22k▼ -35.6% vs 2020
2022: €7k▼ -67.2% vs 2021
2023: €2k▼ -67.0% vs 2022lowest in 6 years
2024: €5k▲ +114% vs 2023
2019 → 2024
Total assets
€105k▼ 8.3%
2023 · €114k
2019: €85klowest in 6 years
2020: €86k▲ +0.4% vs 2019
2021: €87k▲ +1.8% vs 2020
2022: €97k▲ +11.3% vs 2021
2023: €114k▲ +17.5% vs 2022highest in 6 years
2024: €105k▼ -8.3% vs 2023
2019 → 2024
Net result
€3k
2023 · €-5k
2019: €-9k
2020: €-17k▼ -79.9% vs 2019lowest in 6 years
2021: €-12k▲ +29.2% vs 2020
2022: €-15k▼ -24.0% vs 2021
2023: €-5k▲ +67.3% vs 2022
2024: €3k▲ +156% vs 2023highest in 6 years
2019 → 2024
Working capital
€-98k▲ 7.8%
2023 · €-106k
2019: €-34khighest in 6 years
2020: €-49k▼ -42.7% vs 2019
2021: €-65k▼ -33.2% vs 2020
2022: €-90k▼ -38.5% vs 2021
2023: €-106k▼ -18.3% vs 2022lowest in 6 years
2024: €-98k▲ +7.8% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€34k-€22k▼ 35.6%€7k▼ 67.2%€2k▼ 67.0%€5k▲ 114%
2020: €34khighest in 5 years
2021: €22k▼ -35.6% vs 2020
2022: €7k▼ -67.2% vs 2021
2023: €2k▼ -67.0% vs 2022lowest in 5 years
2024: €5k▲ +114% vs 2023
Operating result€-17k-€-12k▲ 29.2%€-15k▼ 21.7%€-5k▲ 67.6%€3k
2020: €-17klowest in 5 years
2021: €-12k▲ +29.2% vs 2020
2022: €-15k▼ -21.7% vs 2021
2023: €-5k▲ +67.6% vs 2022
2024: €3k▲ +157% vs 2023highest in 5 years
Net result€-17k-€-12k▲ 29.2%€-15k▼ 24.0%€-5k▲ 67.3%€3k
2020: €-17klowest in 5 years
2021: €-12k▲ +29.2% vs 2020
2022: €-15k▼ -24.0% vs 2021
2023: €-5k▲ +67.3% vs 2022
2024: €3k▲ +156% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €5k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105k
Fixed assets
€103k ▼ 5.1%
Current assets
€2k ▼ 69.6%
Equity and liabilities €105k
Equity
€5k ▲ 114%
Debt
€100k ▼ 10.9%
Debt's share of the balance-sheet total falls from 97.9% to 95.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▲
2023 · €229
Cash flow
€8k▲
2023 · €161
Current ratio
0.02▼
2023 · 0.05
Debt to equity
19.54▼
2023 · 46.86
ROE
53.2%▲
2023 · -202.9%
ROA
2.6%▲
2023 · -4.2%
Interest coverage
156.81▲
2023 · 3.37
Debt ≤ 1 year
€100k▼
2023 · €112k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€114k€105k▼
Fixed assets21/28€108k€103k▼
Tangible fixed assets22/27€108k€103k▼
Land and buildings22€75k€73k▼
Plant, machinery and equipment23€33k€30k▼
Current assets29/58€6k€2k▼
Cash at bank and in hand54/58€5k€1k▼
Deferred charges and accrued income490/1€662€634▼
Equity and liabilities
Total equity and liabilities10/49€114k€105k▼
Equity10/15€2k€5k▲
Contributions10/11€22k€22k=
Reserves13€56k€34k▼
Tax-exempt reserves132€53k€31k▼
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-75k€-50k▲
Amounts payable17/49€112k€100k▼
Amounts payable within one year42/48€112k€100k▼
Trade debts44€419€191▼
Suppliers440/4€419€191▼
Other amounts payable47/48€111k€99k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€4k€12k▲
Operating profit (loss)9901€-5k€3k▲
Financial income75/76B-€37
Recurring financial income75-€37
Financial charges65/66B€68€53▼
Recurring financial charges65€68€53▼
Profit (loss) for the period before taxes9903€-5k€3k▲
Profit (loss) for the period9904€-5k€3k▲
Transfer from tax-exempt reserves789€3k€22k▲
Profit (loss) for the period to be appropriated9905€-1k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-50k▲
Profit (loss) brought forward from the previous period14P€-74k€-75k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €5k | €5k | €6k | ▲ 11.1% |
| Other operating charges640/8 | - | €3k | €3k | €4k | €4k | ▼ 0.3% |
| Gross operating margin9900 | €-11k | €-6k | €-7k | €4k | €12k | ▲ 209% |
| Operating profit (loss)9901 | €-17k | €-12k | €-15k | €-5k | €3k | ▲ 157% |
| Financial income75/76B | - | €225 | - | - | €37 | - |
| Recurring financial income75 | €261 | €225 | - | - | €37 | - |
| Financial charges65/66B | - | €58 | €69 | €68 | €53 | ▼ 22.2% |
| Recurring financial charges65 | €37 | €58 | €69 | €68 | €53 | ▼ 22.2% |
| Profit (loss) for the period before taxes9903 | €-17k | €-12k | €-15k | €-5k | €3k | ▲ 156% |
| Profit (loss) for the period9904 | €-17k | €-12k | €-15k | €-5k | €3k | ▲ 156% |
| Transfer from tax-exempt reserves789 | - | €3k | €3k | €3k | €22k | ▲ 541% |
| Profit (loss) for the period to be appropriated9905 | €-13k | €-9k | €-11k | €-1k | €25k | ▲ 1,819% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86k | €87k | €97k | €114k | €105k | ▼ 8.3% |
| Fixed assets21/28 | €83k | €87k | €97k | €108k | €103k | ▼ 5.1% |
| Tangible fixed assets22/27 | €83k | €87k | €97k | €108k | €103k | ▼ 5.1% |
| Land and buildings22 | - | €80k | €78k | €75k | €73k | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €7k | €19k | €33k | €30k | ▼ 9.0% |
| Current assets29/58 | €3k | €509 | €231 | €6k | €2k | ▼ 69.6% |
| Cash at bank and in hand54/58 | €3k | €509 | €231 | €5k | €1k | ▼ 78.3% |
| Deferred charges and accrued income490/1 | - | - | - | €662 | €634 | ▼ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86k | €87k | €97k | €114k | €105k | ▼ 8.3% |
| Equity10/15 | €34k | €22k | €7k | €2k | €5k | ▲ 114% |
| Contributions10/11 | - | €22k | €24k | €22k | €22k | = |
| Reserves13 | €66k | €63k | €56k | €56k | €34k | ▼ 39.2% |
| Non-distributable reserves130/1 | - | €3k | - | - | - | - |
| Reserves not available under the articles1311 | - | €3k | - | - | - | - |
| Tax-exempt reserves132 | - | €60k | €56k | €53k | €31k | ▼ 41.2% |
| Distributable reserves133 | - | - | - | €3k | €3k | = |
| Profit (loss) carried forward14 | €-54k | €-62k | €-74k | €-75k | €-50k | ▲ 32.8% |
| Amounts payable17/49 | €52k | €65k | €90k | €112k | €100k | ▼ 10.9% |
| Amounts payable within one year42/48 | €52k | €65k | €90k | €112k | €100k | ▼ 10.9% |
| Trade debts44 | €3k | €3k | €855 | €419 | €191 | ▼ 54.5% |
| Suppliers440/4 | - | €3k | €855 | €419 | €191 | ▼ 54.5% |
| Other amounts payable47/48 | - | €62k | €89k | €111k | €99k | ▼ 10.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €-12k | €-15k | €-5k | €3k | ▲ 156% |
| + Depreciation and write-downs630 | €3k | €3k | €5k | €5k | €6k | ▲ 11.1% |
| Operating cash flow (approximation) | €-14k | €-9k | €-10k | €161 | €8k | ▲ 5,037% |
| Investment in fixed assets (approximation) | - | €-7k | €-15k | €-17k | €0 | ▲ 100% |
| Change in cash | - | €-2k | €-279 | €5k | €-4k | ▼ 182% |
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
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 5 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1991
Ground area
4,310 m²
Building footprint
692 m²
Volume, LiDAR
12,598 m³
Parcel 21013B0040/00C021, Brussels · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
104
companies at this address
See who is registered here
1 establishment unit
ECUYER ESTATE
since 19912.055.419.706
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0040/00C021 | Brussels | 4,310 m² | 1 · 692 m² | 28.8 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded18-10-1991
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.