Turnover
≈ €140,000 estimated
The micro format states no turnover.
STONEFORGE
Overview
Lifetime
1 annual account with figuresGross marginpeak €43,520 (2025)
€43,520
Resultpeak €32,230 (2025)
€32,230
Equitypeak €29,730 (2025)
€29,730
Debts
€17,330
Board1 name since 2025
1 directorCORNELIS Michaël
Documentsfilings and deeds
14-07-202617 days before the deadline
2025micro format
Incorporation 17-021 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€2,500 100 shares
Checked score
96
Excellent
Financially stronger than 68% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,917 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2026: 0.4%
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 2.56, cash €28,172
Equity €29,730 (63.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 55% of them on solvency, 67% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as STONEFORGE has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of STONEFORGE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for STONEFORGE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.56, above the usual 1.5. Short-term debt is 36.8% and cash 59.9% of total assets. 36.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 14-07-2026, 17 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
17 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1019950743
Incorporation
Founding capital of €2,500, 100 shares · Founder: CORNELIS Michaël · Appointment: CORNELIS Michaël (director) · published on 17-02-2025 · Gazette deed
First establishment
Auguste Demaeghtlaan 67, Halle
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| STONEFORGE Halle | €47,059 | €43,520 | 63.2% | - |
| ADAP CONSULTING Zaventem | €55,981 | €50,145 | 76.6% | - |
| THG Amelior Wezembeek-Oppem | €50,606 | €40,055 | 64.3% | - |
| Naja Renov Namur | €50,453 | €43,208 | 70.3% | - |
| RDMP Sint-Truiden | €45,081 | €46,651 | 86.2% | - |
| Never On Friday Mechelen | €49,364 | €47,260 | 77.8% | - |
| Nuytinck global IT solutions Evergem | €43,974 | €46,663 | 83.6% | - |
These companies have the same main activity as STONEFORGE: computer programming (NACE 62100). They are comparable in size and age: total assets between €44,000 and €56,000, founded in 2025.
Official details
Source: KBO- Status
- Active since 13-02-2025Normal situation
- Activity
- Computer programmingNACE 62100
- Establishment unit
- 2.370.283.7831500 Halle, since 13-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 05-03-2025
Annual accounts 2025
- Gross margin
- €43,520
- Profit
- €32,230
- Equity
- €29,730
- Total assets
- €47,059
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on STONEFORGE
STONEFORGE has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,730 and a net result of €32,230.
Its solvency ranks better than 54% of 21,166 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 14-07-2026, 17 days before the deadlineGross margin
€43,520
Operating result
€40,307
Profit
€32,230
Working capital
€27,102
Solvency
63.2%
Current ratio
2.56
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €110,000 and €190,000.
Balance sheet
balance sheet total €47,059 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
Solvency63.2%
Higher than 54% of 21,166 companies in 2025.
Current ratio2.56
Higher than 52% of 20,529 companies in 2025.
Return on assets68.5%
Higher than 95% of 20,705 companies in 2025.
STONEFORGE
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
Total assets20/58 |
47,059 | |
Formation expenses20 |
342 | |
Fixed assets21/28 |
2,286 | |
Tangible fixed assets22/27 |
2,286 | |
Furniture and vehicles24 |
2,286 | |
Current assets29/58 |
44,432 | |
Amounts receivable within one year40/41 |
16,260 | |
Trade receivables40 |
9,217 | |
Other amounts receivable41 |
7,043 | |
Cash at bank and in hand54/58 |
28,172 | |
| Balance sheet: equity and liabilities | ||
Total equity and liabilities10/49 |
47,059 | |
Equity10/15 |
29,730 | |
Contributions10/11 |
2,500 | |
Profit (loss) carried forward14 |
27,230 | |
Amounts payable17/49 |
17,330 | |
Amounts payable within one year42/48 |
17,330 | |
Financial debts43 |
901 | |
Credit institutions430/8 |
901 | |
Trade debts44 |
4,845 | |
Suppliers440/4 |
4,845 | |
Taxes, remuneration and social security45 |
6,374 | |
Taxes450/3 |
6,374 | |
Other amounts payable47/48 |
5,210 | |
| Income statement | ||
Gross operating margin9900 |
43,520 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
2,812 | |
Other operating charges640/8 |
400 | |
Operating profit (loss)9901 |
40,307 | |
Financial income75/76B |
0 | |
Recurring financial income75 |
0 | |
Financial charges65/66B |
121 | |
Recurring financial charges65 |
121 | |
Profit (loss) for the period before taxes9903 |
40,187 | |
Income taxes67/77 |
7,957 | |
Profit (loss) for the period9904 |
32,230 | |
Profit (loss) for the period to be appropriated9905 |
32,230 | |
| Appropriation of the result | ||
Profit (loss) to be appropriated9906 |
32,230 | |
Profit to be distributed694/7 |
5,000 | |
Directors or managers695 |
5,000 | |
| Document | ||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-07-2026 | 2026-00289432 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| EBITDA | 43,120 | |
| Cash flow | 35,042 | |
| Investment in fixed assets | 2,850 | |
| Working capital | 27,102 | |
| Solvency | 63.2% | |
| Current ratio | 2.56 | |
| Debt to equity | 0.58 | |
| ROE | 108.4% | |
| ROA | 68.5% | |
| Interest coverage | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €2,850 |
| Intangible fixed assets | €0 |
| Financial fixed assets | €0 |
| Depreciation and write-downs of the year | €2,812 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on STONEFORGE
Debt's share of the balance-sheet total is 36.8%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 13-02-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 14-07-2026
Mandates through the years
1 name, the dashed line is todayCORNELIS Michaël
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- CORNELIS Michaël
- Director (not named in the articles), from 13-02-2025 to date
Control
Founder
CORNELIS Michaël
This company
STONEFORGE
Equity €29,730
Profit €32,230 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €297 in 2025
- Source
- deed of 17-02-2025
Articles of association
deed of 17-02-2025 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Register van aandelen op naam met vermeldingen voorgeschreven door WVV, aandeelhouders mogen kennis nemen betreffende hun effecten”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid aantal aandelen, elke overdracht onder levenden ten…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Titel V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 17-02-2025 ↗
- CORNELIS Michaël 100 shares (100%) · €2,500 in cash
Network & group
No group
STONEFORGE has no parent and no holdings in its annual accounts. CORNELIS Michaël is the only director. STONEFORGE shares no director with another company.
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 17 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1019950743
IncorporationFounding capital of €2,500, 100 shares · Founder: CORNELIS Michaël · Appointment: CORNELIS Michaël (director) · published on 17-02-20255 points ▸
- Registered office clause, Auguste Demaeghtlaan 67/bus 13, 1500 Halle
- Board rule, 1
- Director appointment, CORNELIS Michaël (director (not named in the articles))
- Founding capital, €2,500, 100 shares
- Founder, CORNELIS Michaël
- The deed holds 8 more points.
First establishment Auguste Demaeghtlaan 67, Halle
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1019.950.743
- VAT number
- BE 1019.950.743
- Peppol ID
- 0208:1019950743
- Other Peppol ID
- 9925:BE1019950743
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-02-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Titel V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”deed of 17-02-2025 (in Dutch)
- Peppol
- Reachable since 05-03-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- STONEFORGE in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 17-02-2025 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 17-02-2025 (in Dutch)
Activities
NACEBEL 202562100
Computer programming main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Ontwerpen en programmeren van computerprogramma’s; Computerconsultancy activiteiten; Handel in computers, randapparatuur en software…”deed of 17-02-2025 (in Dutch)
57 activities
- Ontwerpen en programmeren van computerprogramma’s.
- Computerconsultancy activiteiten.
- Handel in computers, randapparatuur en software.
- Kleinhandel in computers, randapparatuur en software.
- Ontwikkelen en verkopen van software.
- Uitbesteden van IT projecten aan andere ondernemingen.
- Verhuren van IT infrastructuur en computerzalen.
- Arbitrage en bemiddeling tussen bedrijfsleiding en werknemers.
- Het begeleiden en het adviseren van derden bij het inrichten en uitbaten van bedrijven.
- Het aanbieden van diensten op het vlak van leidinggeven en beheer, onderzoek en ontwikkeling, marktonderzoek en consultancy, promotiebeleid, dossier- en belangenverdediging, administratie en advies, het verstrekken van opleiding, de organisatie van en deelname aan conferenties en seminaries, en anderzijds de promotie en de verkoop van goederen.
- Handelsbemiddeling en handel, in de meest ruime zin, in goederen, algemeen assortiment.
- Adviesbureau op het gebied van public relations en communicatie.
- De uitoefening van zeggenschap over het beheer of de deelname aan het beheer van vennootschappen of ondernemingen waarin al dan niet een deelneming wordt gehouden, in voorkomend geval, door het opnemen van een mandaat in die vennootschappen of ondernemingen.
- Zoeken en plaatsen van directieleden (headhunters).
- Overig adviesbureau op het gebied van bedrijfsbeheer, adviesbureau op het gebied van bedrijfsvoering.
- Op lange termijn aanhouden van aandelen uitgegeven door andere vennootschappen en ondernemingen die onder meer, doch niet uitsluitend behoren tot de financiële sector.
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, en dergelijke.
- Berekenen van de kosten en baten van voorgestelde maatregelen op het gebied van planning, organisatie, efficiëntie en dergelijke.
- Ontwerpen van publicitaire teksten en slogans (copywriting).
- Verkopen van tijd en ruimte voor publiciteit in de diverse media.
- Het ontwikkelen, aanvragen, verwerven, verhandelen en exploiteren van licenties, octrooien, merken, knowhow, immateriële vaste activa, enzomeer.
- Diverse administratieve activiteiten ten behoeve van kantoren.
- Fotokopiëren, documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren.
- Reclamebureau.
- Detailhandel van allerlei producten via internet.
- Het verstrekken van alle mogelijke diensten.
- Het invoeren en uitvoeren alsook doorvoeren, het inkopen, verkopen het handelen zowel als tussenpersoon of als eindcontractant met betrekking tot alle handelsverkeer.
- Het verlenen van alle mogelijke adviezen op technisch en commercieel vlak in verband met engineering en contracting.
- Het verstrekken van technische, organisatorische, commerciële en financiële bijstand aan alle Belgische en buitenlandse ondernemingen, bedrijven en organisaties.
- Het verstrekken van allerhande adviezen, het medewerken en deelnemen in allerhande technische projecten, engineeringaangelegenheden en commerciële projecten.
- Het beheren, aankopen, verkopen verkavelen, ruimen, huren, verhuren, promoveren, laten bouwen, laten omvormen, uitbaten inrichten en in waarde brengen van om het even welke onroerende goederen, bebouwd of onbebouwd, alleen of in participatie voor eigen rekening of voor rekening van derden alle onroerende verhandelingen voor eigen rekening of voor rekening van derden de aankoop en verkoop van eigen woningen in het algemeen of op plan.
- Werken in onderaanneming in de ruimste zin van het woord.
- Het uitoefenen van alle managements, consulting- en beheersactiviteiten in de ruimste zin van het woord.
- Studiebureau voor het verstrekken van elke vorm van raad, kennis, begeleiding en advies in het kader van informatica, domotica, telematica, telecommunicatie en dergelijke.
- Administratieve dienstverlening en overige zakelijke dienstverlening.
- Het organiseren van culturele, degustatie- en alle mogelijke ontspanningsactiviteiten.
- De aan- en verkoop, evenals de in- en uitvoer van om het even welke goederen.
- Organisatie van evenementen, congressen en beurzen.
- Overige dienstverlenende activiteiten op het gebied van informatie n.e.g.
- Overige ondersteunende activiteiten in verband met financiële diensten, exclusief verzekeringen en pensioenfondsen, n.e.g.
- Ingenieurs en aanverwante technische adviseurs, exclusief landmeters
- Technische controle van motorvoertuigen
- Spelen van muziek, activiteiten als DJ.
- Overige vormen van onderwijs.
- Overige recreatie- en ontspanningsactiviteiten.
- Klaarmaken, thuisbezorgen en eventueel serveren van maaltijden en bereide schotels, leveren van ontbijten.
- Organiseren en verzorgen van bruiloften, banketten, cocktails, lunches, recepties, enz.
- Verhuur van horecamateriaal.
- De uitbating van restaurant, café, traiteurdienst, catering en rondrit van diverse voedselsoorten.
- De productie, de bereiding, handel (aan- en verkoop), thuisbezorging en eventueel serveren van alle warme en koude eetwaren en dranken, alsmede alle verrichtingen die rechtstreeks of onrechtstreeks met voeding verband houden.
- De uitbating, het beheer en de inrichting van een delicatessezaak, broodjeszaak, lunch bar, koffiebar of meer algemeen van verbruikssalons, tavernes, clubs, bars, tearooms, restaurants, hotels, traiteurdiensten, alsook het inrichten van banketten, feestelijkheden en de verhuring van feestzalen, uitzendkoks, de bereiding en de handel, import en export van alle mogelijke koude en warme gerechten, dranken, gebak en confiserie, vlees- en viswaren, ijs en rookwaren en alle aanverwante artikelen, kortom het verstrekken van alle diensten welke ressorteren onder de benaming horeca.
- De organisatie van allerhande evenementen en amusement/recreatie zoals bv. culinaire manifestaties, kooklessen, demonstraties, discobar, karaoke en allerlei klank-geluid- en lichtspelen, alsmede verhuur van alle materialen daarmee verband houdend en dit alles in de meest ruime zin.
- De verhuring van feestzalen en tenten en het ter beschikking stellen van allerhande ruimten en dito materialen en materieel welke dit ook zou kunnen zijn.
- Het organiseren van allerhande opleidingen en daarmee verband houdende excursies, het houden van toezicht tijdens opleidingen en excursies en andere ondersteunende diensten.
- De uitbating van automaten door vullen en verkoop van brood- en banketproducten, traiteursgerechten, dranken, snoep alsook alle aanverwante producten.
- Ontwikkeling van nieuwe horecaproducten en projecten in het algemeen.
- De uitbating van een beenhouwerij en spekslagerij, alsmede de vleeshandel van wild en van gevolgte in de breedste zin van het woord.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Auguste Demaeghtlaan 67 registered office 1500 Halle | 13-02-2025 | 2.370.283.783 |