STOA MANAGEMENT
ActiveSummary
STOA MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5,345 and a net result of -€42,374. Equity is shrinking by ~22.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 8102 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 8102 sector peers (2025).
NBB · sector comparisonPosition among 8102 sector peers
Solvency
better than 19%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
4 d early
2024
29 d early
2023
28 d late
2022
1 d late
2021
24 d late
2020
30 d early
2019
4 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 1 day before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 1 August (5 of the last 5 filed years within 30 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 What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
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, micro schema
Equity
€5,345▼ 88.8%
2024 · €47,719
Net result
-€42,374▼ 5.4%
2024 · -€40,194
Total assets
€38,812▼ 49.1%
2024 · €76,267
Solvency
13.8%▼ 48.8pp
2024 · 62.6%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 64, Financial service activities, except insurance and pension funding, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€32,877▼ 22.4%€4,944-€65,504-€40,049▲ 38.9%-€41,945▼ 4.7%
Net result-€33,260below the sector's middle half▼ 23.3%€4,673within the sector's middle half-€65,763below the sector's middle half-€40,194below the sector's middle half▲ 38.9%-€42,374below the sector's middle half▼ 5.4%
Equity€149,003within the sector's middle half▼ 18.2%€153,676within the sector's middle half▲ 3.1%€87,913within the sector's middle half▼ 42.8%€47,719within the sector's middle half▼ 45.7%€5,345below the sector's middle half▼ 88.8%
Total assets€172,791within the sector's middle half▼ 44.7%€178,809within the sector's middle half▲ 3.5%€113,666below the sector's middle half▼ 36.4%€76,267below the sector's middle half▼ 32.9%€38,812below the sector's middle half▼ 49.1%
Debt€23,788▼ 81.7%€25,133▲ 5.7%€25,753▲ 2.5%€28,548▲ 10.9%€33,467▲ 17.2%
Working capital€136,270within the sector's middle half▼ 17.7%€140,977within the sector's middle half▲ 3.5%€80,562within the sector's middle half▼ 42.9%€43,123within the sector's middle half▼ 46.5%€3,424within the sector's middle half▼ 92.1%
Solvency86.2%above the sector's middle half▲ 27.9pp85.9%above the sector's middle half▼ 0.3pp77.3%within the sector's middle half▼ 8.6pp62.6%within the sector's middle half▼ 14.8pp13.8%below the sector's middle half▼ 48.8pp
Current ratio6.73above the sector's middle half▲ 4.466.61above the sector's middle half▼ 0.124.13above the sector's middle half▼ 2.482.51within the sector's middle half▼ 1.621.10within the sector's middle half▼ 1.41
Return on assets (ROA)-19.2%below the sector's middle half▼ 10.6pp2.6%within the sector's middle half▲ 21.9pp-57.9%below the sector's middle half▼ 60.5pp-52.7%below the sector's middle half▲ 5.2pp-109.2%below the sector's middle half▼ 56.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41,945 in 2025 against €40,049 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,812
Fixed assets
€1,921 ▼ 58.2%
Current assets
€36,891 ▼ 48.5%
Equity and liabilities €38,812
Equity
€5,345 ▼ 88.8%
Debt
€33,467 ▲ 17.2%
Debt's share of the balance-sheet total rises from 37.4% to 86.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-792.8%▼
2024 · -84.2%
Debt ≤ 1 year
€33,467▲
2024 · €28,548
Income taxes
€140▼
2024 · €180
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,888 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,990 | €4,824 | €5,348 | €5,231 | €2,675 | ▼ 48.9% |
| Other operating charges640/8 | €253 | €201 | €219 | €360 | €704 | ▲ 95.6% |
| Gross operating margin9900 | -€28,634 | €9,969 | -€59,937 | -€34,458 | -€38,566 | ▼ 11.9% |
| Operating profit (loss)9901 | -€32,877 | €4,944 | -€65,504 | -€40,049 | -€41,945 | ▼ 4.7% |
| Financial income75/76B | - | - | - | €192 | - | - |
| Recurring financial income75 | - | - | - | €192 | - | - |
| Financial charges65/66B | €212 | €159 | €105 | €157 | €289 | ▲ 84.1% |
| Recurring financial charges65 | €212 | €159 | €105 | €157 | €289 | ▲ 84.1% |
| Profit (loss) for the period before taxes9903 | -€33,089 | €4,785 | -€65,609 | -€40,014 | -€42,234 | ▼ 5.5% |
| Income taxes67/77 | €171 | €112 | €154 | €180 | €140 | ▼ 22.2% |
| Profit (loss) for the period9904 | -€33,260 | €4,673 | -€65,763 | -€40,194 | -€42,374 | ▼ 5.4% |
| Profit (loss) for the period to be appropriated9905 | -€33,260 | €4,673 | -€65,763 | -€40,194 | -€42,374 | ▼ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172,791 | €178,809 | €113,666 | €76,267 | €38,812 | ▼ 49.1% |
| Fixed assets21/28 | €12,733 | €12,699 | €7,351 | €4,596 | €1,921 | ▼ 58.2% |
| Tangible fixed assets22/27 | €12,733 | €12,699 | €7,351 | €4,596 | €1,921 | ▼ 58.2% |
| Furniture and vehicles24 | €12,733 | €12,699 | €7,351 | €4,596 | €1,921 | ▼ 58.2% |
| Current assets29/58 | €160,058 | €166,110 | €106,315 | €71,671 | €36,891 | ▼ 48.5% |
| Amounts receivable within one year40/41 | €1,092 | €28,908 | €87 | €3,850 | €2,412 | ▼ 37.4% |
| Trade receivables40 | - | €28,900 | - | - | - | - |
| Other amounts receivable41 | €1,092 | €8 | €87 | €3,850 | €2,412 | ▼ 37.4% |
| Cash at bank and in hand54/58 | €158,966 | €137,202 | €105,700 | €67,138 | €21,381 | ▼ 68.2% |
| Deferred charges and accrued income490/1 | - | - | €528 | €683 | €13,098 | ▲ 1,818% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172,791 | €178,809 | €113,666 | €76,267 | €38,812 | ▼ 49.1% |
| Equity10/15 | €149,003 | €153,676 | €87,913 | €47,719 | €5,345 | ▼ 88.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €203,042 | €203,042 | €203,042 | €203,042 | €203,042 | = |
| Distributable reserves133 | €203,042 | €203,042 | €203,042 | €203,042 | €203,042 | = |
| Profit (loss) carried forward14 | -€60,239 | -€55,566 | -€121,329 | -€161,523 | -€203,897 | ▼ 26.2% |
| Amounts payable17/49 | €23,788 | €25,133 | €25,753 | €28,548 | €33,467 | ▲ 17.2% |
| Amounts payable within one year42/48 | €23,788 | €25,133 | €25,753 | €28,548 | €33,467 | ▲ 17.2% |
| Trade debts44 | €5,246 | €644 | €1,585 | €2,956 | €6,422 | ▲ 117% |
| Suppliers440/4 | €5,246 | €644 | €1,585 | €2,956 | €6,422 | ▲ 117% |
| Taxes, remuneration and social security45 | €122 | €4,467 | €117 | €175 | €176 | ▲ 0.6% |
| Taxes450/3 | €122 | €4,467 | €117 | €175 | €176 | ▲ 0.6% |
| Other amounts payable47/48 | €18,420 | €20,022 | €24,051 | €25,417 | €26,869 | ▲ 5.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,260 | €4,673 | -€65,763 | -€40,194 | -€42,374 | ▼ 5.4% |
| + Depreciation and write-downs630 | €3,990 | €4,824 | €5,348 | €5,231 | €2,675 | ▼ 48.9% |
| Operating cash flow (approximation) | -€29,270 | €9,497 | -€60,415 | -€34,963 | -€39,699 | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | -€4,790 | €0 | -€2,476 | €0 | ▲ 100% |
| Change in cash | - | -€21,764 | -€31,502 | -€38,562 | -€45,757 | ▼ 18.7% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€65,763
Net result drops to -€65,763, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Back to profitnet €4,673
Net result €4,673 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €153,676 ▲3.1%
Equity rises from €149,003 to €153,676.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 6.73
Current ratio from 2.27 to 6.73; short-term debt falls from €130,097 to €23,788.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Elsene · 1 establishment unit since 2018
Ground area
889 m²
Building footprint
100 m²
Volume, LiDAR
1,470 m³
Parcel 21444B0129/00Y007, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
STOA MANAGEMENT
since 20182.279.958.868
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0129/00Y007 | Brussels | 889 m² | 1 · 100 m² | 18.4 m · 5 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.
Similar companies · same sector, comparable size
SUMMUM
BE 0781.956.392
Antwerpen · Eq €5,341
3P Manage & Invest
BE 1013.305.550
Tervuren · Eq €5,353
CLAIRE
BE 1011.217.476
Lanaken · Eq €5,333
ZITA MANAGEMENT ADVISORS
BE 0891.342.502
Brugge · Eq €5,300
COMPLICONSULT
BE 0819.921.895
Antwerpen · Eq €5,396
Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 3,423 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
Founded27-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0705937591
Also
9925:BE0705937591
Registered
16-07-2026
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.