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Complete company report
Generated 20-08-2026
Active BE 0875.806.664Private limited company

STOETERIJ 'T MERELSNEST

Kleine Berkenstraat 3 ·9910 Aalter, Belgium· 20 yrs active
Sector: Fokken en houden van paarden en andere paardachtigen (01430)
Conclusion Checked

The computed 12-month bankruptcy probability of STOETERIJ 'T MERELSNEST is 0.2% (very low). The 2025 annual accounts show equity of €73k and a net result of €-30k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 221 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €73k
Net result €-30k
Better than sector 37%
Active 20 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health20Profitability0Solvency18Growth32Stability100
34 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 20
Profitability 0
Solvency 18
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 2005, 20 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
20 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 12-12-2025 with the NBB · fiscal year 2025 · micro
€-100k€0€100k€200kOperating result 2021: €6k€6kNet result 2021: €-40k€-40kOperating result 2022: €155k€155kNet result 2022: €129k€129kOperating result 2023: €-57k€-57kNet result 2023: €-59k€-59kOperating result 2024: €17k€17kNet result 2024: €16k€16kOperating result 2025: €-30k€-30kNet result 2025: €-30k€-30k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~5.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€50k€100k€150k€200k2026: €101k (€58k - €144k)2027: €106k (€37k - €175k)2028: €110k (€16k - €205k)2019: €80k2020: €13k2021: €17k2022: €146k2023: €87k2024: €103k2025: €73k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 01, Agriculture · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 15.7% 23.3%
better than 37% of 221 sector peers
Net result €-30k €9k
better than 8% of 221 sector peers
Equity €73k €66k
better than 53% of 221 sector peers
Gross operating margin €10k €47k
better than 22% of 221 sector peers
Total assets €464k €279k
better than 67% of 221 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€9k
-84.1% 19-25
Net profit
€-30k
- 19-25
Cash flow
€8k
-84.8% 19-25
Total assets
€464k
-28.4% 19-25
Equity
€73k
-29.4% 19-25
Working capital
€-53k
+13.9% 19-25
Employees (FTE)
1
- 19-25
Income taxes
€2
-100.0% 19-25
Show 10 other metrics
Debt
€391k
-28.2% 19-25
Debt ≤ 1y
€391k
-27.7% 19-25
Debt > 1y
€4k
-85.6% 19-25
Current ratio
0.86
-2.5% 19-25
Quick ratio
0.28
-31.5% 19-25
Solvency
15.7%
-1.4% 19-25
Debt / equity
5.37
+1.7% 19-25
ROE
-41.7%
- 19-25
ROA
-6.5%
- 19-25
Interest coverage
16.29
-70.6% 19-25
Figures by fiscal year
Fiscal year2025
Depositmicro
Revenue-
EBITDA€9k
Net profit€-30k
Cash flow€8k
Staff costs-
Income taxes€2
Dividends-
Total assets€464k
Equity€73k
Debt€391k
of which ≤ 1y€391k
of which > 1y-
Working capital€-53k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.86
Quick ratio0.28
Working capital ratio-11.5%
Solvency15.7%
Debt / equity5.37
Long-term debt ratio-
Interest coverage16.29
Gross margin-
Net margin-
ROA-6.5%
ROE-41.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€464k
Fixed assets 21/28€126k
Intangible fixed assets 21€9k
Tangible fixed assets 22/27€118k
Current assets 29/58€337k
Stocks & contracts in progress 3€228k
Amounts receivable within one year 40/41€45k
Cash & bank 54/58€60k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€464k
Equity 10/15€73k
Contributions / capital 10/11€19k
Reserves 13€128k
Accumulated profits (losses) 14€-74k
Amounts payable 17/49€391k
Amounts payable within one year 42/48€391k
Trade debts payable within one year 44€172k
Income statement
Gross operating margin 9900€10k
Operating result 9901€-30k
Financial income 75€18
Financial charges 65€555
Result before taxes 9903€-30k
Income taxes 67/77€2
Net result for the period 9904€-30k
Result to be appropriated 9905€-30k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Van Bunder Domien
    Director
    State Gazette act 23335730 (19-04-2023)
    Current
    19-04-2023 → present
Former directors (1)
  • RESIDENCE OF SAPPHIRELegal entity
    Director· perm. rep.: Van Bunder Domien
    State Gazette act 23335730 (19-04-2023)
    Former
    - → 19-04-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Fokken en houden van paarden en andere paardachtigen(01430)
Legal form Private limited company(610)
Incorporation01-09-2005
StatusActive
Postal code9910
Establishment units 1 location
STOETERIJ 'T MERELSNEST
Kleine Berkenstraat 3, 9910 Aalterhouden en fokken van paarden, ezels, muildieren en muilezels
since 20052.148.871.286
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44067B1188/00F000 Flanders 4,719 m² 1 · 1,077 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
12-12-2025
NBB filing Annual accounts filed
fiscal year 2025 · micro
2024
24-12-2024
NBB filing Annual accounts filed
fiscal year 2024 · micro
2023
22-12-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
19-04-2023
State Gazette act Director changes
NICOLAS RAEMDONCK
30-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2021
23-12-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
29-01-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2019
23-12-2019
NBB filing Annual accounts filed
fiscal year 2019 · micro
2018
21-12-2018
NBB filing Annual accounts filed
fiscal year 2018 · verkort
03-01-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2016
29-12-2016
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
19-04-2023 1 director appointed, 1 resigning Director changes·NICOLAS RAEMDONCK
  • Van Bunder Domien, Bestuurder
  • Van Bunder Domien, Bestuurder
Notary: NICOLAS RAEMDONCK · Sint-Gillis-WaasFirm: Dirk Smet en Nicolas Raemdonck, geassocieerde notarissen
Technical details 
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        "kbo": "0822.449.439",
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Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Schapen-, geiten-, paarden-, ezel-, muildieren- of muilezelhouderij01220Fokken en houden van paarden en andere paardachtigen01430Ondersteunende activiteiten in verband met de veeteelt01620Reparatie en onderhoud van producten van metaal33110Overige reiniging van gebouwen; industriële reiniging81220Pensions voor huisdieren96995
Primary activity highlighted.
Names & trade names
Legal nameNL STOETERIJ 'T MERELSNEST
Registered office
Kleine Berkenstraat 3
9910 Aalter, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative