STORMVOGEL
ActiveSTORMVOGEL has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.50M and a net result of €394k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 64% of 890 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+3
Solvency73▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.61 in 2024; short-term debt: 13.2% and cash: 9.2% of total assets), and 52.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.7%
Return on assets
7.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
5 d late
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.50M▲ 16.5%
2024 · €2.15M
2019: €1.49M
2020: €1.40M
2021: €1.76M
2022: €1.66M
2023: €1.87M
2024: €2.15M
2019 → 2025
Total assets
€5.24M▼ 3.3%
2024 · €5.42M
2019: €2.53M
2020: €3.43M
2021: €3.52M
2022: €4.28M
2023: €4.91M
2024: €5.42M
2019 → 2025
Net result
€394k▲ 42.2%
2024 · €277k
2019: €249k
2020: €-91k
2021: €354k
2022: €381k
2023: €292k
2024: €277k
2019 → 2025
Working capital
€6k
2024 · €-338k
2019: €148k
2020: €-61k
2021: €155k
2022: €-294k
2023: €-341k
2024: €-338k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.76M-€1.66M▼ 5.5%€1.87M▲ 12.7%€2.15M▲ 14.8%€2.50M▲ 16.5%
Operating result€467k-€543k▲ 16.4%€457k▼ 15.8%€447k▼ 2.3%€579k▲ 29.6%
Net result€354k-€381k▲ 7.6%€292k▼ 23.4%€277k▼ 5.1%€394k▲ 42.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.24M
Fixed assets
€4.55M▼ 7.1%
Current assets
€697k▲ 32.2%
Equity and liabilities €5.24M
Equity
€2.50M▲ 16.5%
Provisions
€42k▼ 31.6%
Debt
€2.70M▼ 16.0%
The debt ratio falls from 59.2% to 51.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€854k▲
2024 · €675k
Cash flow
€669k▲
2024 · €505k
Solvency
47.7%▲
2024 · 39.6%
Current ratio
1.01▲
2024 · 0.61
Quick ratio
1.00▲
2024 · 0.60
Debt / equity
1.08▼
2024 · 1.50
ROE
15.7%▲
2024 · 12.9%
ROA
7.5%▲
2024 · 5.1%
Interest coverage
14.16▲
2024 · 11.93
Debt
€2.70M▼
2024 · €3.21M
Debt ≤ 1 year
€691k▼
2024 · €865k
Debt > 1 year
€2.01M▼
2024 · €2.34M
Income taxes
€187k▲
2024 · €117k
Staff costs
€274k▲
2024 · €259k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.42M€5.24M▼
Fixed assets21/28€4.89M€4.55M▼
Intangible fixed assets21€1k€949▼
Tangible fixed assets22/27€4.89M€4.54M▼
Land and buildings22€2.80M€2.57M▼
Plant, machinery and equipment23€42k€51k▲
Furniture and vehicles24€195k€143k▼
Leasing and similar rights25€11k€0▼
Other tangible fixed assets26€1.84M€1.77M▼
Financial fixed assets28€5k€5k=
Current assets29/58€527k€697k▲
Stocks and contracts in progress3€5k€6k▲
Stocks30/36€5k€6k▲
Amounts receivable within one year40/41€135k€193k▲
Trade receivables40€81k€73k▼
Other amounts receivable41€54k€120k▲
Current investments50/53€8k€7k▼
Cash at bank and in hand54/58€367k€484k▲
Deferred charges and accrued income490/1€12k€8k▼
Equity and liabilities
Total equity and liabilities10/49€5.42M€5.24M▼
Equity10/15€2.15M€2.50M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€2.09M€2.44M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€125k€66k▼
Distributable reserves133€1.96M€2.37M▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€62k€42k▼
Provisions for liabilities and charges160/5€38k€38k=
Pensions and similar obligations160€38k€38k=
Deferred taxes168€23k€4k▼
Amounts payable17/49€3.21M€2.70M▼
Amounts payable after more than one year17€2.34M€2.01M▼
Financial debts170/4€2.34M€2.01M▼
Amounts payable within one year42/48€865k€691k▼
Current portion of amounts payable after more than one year42€336k€327k▼
Financial debts43€55k€55k=
Credit institutions430/8€55k€55k=
Trade debts44€85k€73k▼
Suppliers440/4€85k€73k▼
Advances received on contracts in progress46€84k€2k▼
Taxes, remuneration and social security45€53k€131k▲
Taxes450/3€38k€111k▲
Remuneration and social security454/9€16k€20k▲
Other amounts payable47/48€252k€103k▼
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0€5k▲
Remuneration, social security and pensions62€259k€274k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€228k€275k▲
Other operating charges640/8€73k€60k▼
Non-recurring operating charges66A-€39k
Gross operating margin9900€1.01M€1.23M▲
Operating profit (loss)9901€447k€579k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€57k€60k▲
Recurring financial charges65€57k€60k▲
Profit (loss) for the period before taxes9903€393k€522k▲
Transfer from deferred taxes780€1k€58k▲
Income taxes67/77€117k€187k▲
Profit (loss) for the period9904€277k€394k▲
Transfer from tax-exempt reserves789€3k€19k▲
Profit (loss) for the period to be appropriated9905€280k€413k▲
Appropriation of the result
Profit (loss) to be appropriated9906€280k€413k▲
Transfer from equity791/2€0-
Transfer to equity691/2€280k€413k▲
To other reserves6921€280k€413k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90876.47.0▲
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2019net €394k ▲42.2%
Operating result €579k, net result €394k, both a record.
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
30-06
Financial
Equity above €2MEq €2.15M ▲14.8%
4 profitable years in a row build equity to €2.15M.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €354k
Net result €354k after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €-91k ▼137%
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-12-2024
Emiel Dequeecker: Resigned as Director
11-01-2024
Dequeecker Filip: Resigned as Director
11-01-2024
Dequeecker Filip: Resigned as Managing director
11-01-2024
EMLO: Resigned as Director
25-01-2022
Dequeecker Filip: Resigned as Director
25-01-2022
Dequeecker Filip: Resigned as Managing director
25-01-2022
EMLO: Resigned as Director
19-11-2018
Bruynoghe Elise: Resigned as Director
Location & real-estate footprint
Registered office, De Panne · 6 establishment units since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Visserslaan 458660 De PanneGround area
2,177 m²
Building footprint
2,053 m²
Volume, LiDAR
38,631 m³
6 parcels, Flanders · tallest building 31.6 m, ±9 floors. Linked by address, not a title deed.
6 establishment units
Zeedijk (Witte Berg)
since 19992.178.388.683
ARIZONA
since 19992.090.997.128
Arizona Xtra
since 20042.139.145.057
Arizona
since 20062.178.388.386
Verhuring Roger
since 20092.178.388.188
Verhuring Roger
since 20222.332.138.237
6 parcels
Flanders
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38008A0192/00C000 | Flanders | 781 m² | 1 · 795 m² | 29.6 m · 9 fl. |
| 38352E0660/00A000 | Flanders | 472 m² | 1 · 472 m² | 31.6 m · 9 fl. |
| 38352E0457/00_000 | Flanders | 318 m² | 1 · 95 m² | 10.1 m · 2 fl. |
| 38352E0723/00A000 | Flanders | 231 m² | 1 · 205 m² | 29.5 m · 8 fl. |
| 38008A0246/00C000 | Flanders | 224 m² | 1 · 298 m² | 30.7 m · 4 fl. |
| 38008A0254/00_000 | Flanders | 151 m² | 1 · 187 m² | 28.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 25,989 EUR awarded · 25,989 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 25,989 EUR | 25,989 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Panne2.178.388.683
Legal Entity Identifier
6488FO4W850BTE29Q684
Similar companies · same sector, comparable size
EMMASO
BE 0835.024.696
Mortsel · Eq €2.53M
SKYDIVING PROMOTION
BE 0443.797.764
Spa · Eq €2.44M
MAREC
BE 0475.936.933
Kinrooi · Eq €2.59M
DE CEUSTER CONTINENTAL
BE 0439.919.150
Aalst · Eq €2.39M
FRANCIS VAN ELST
BE 0434.729.452
Koksijde · Eq €2.79M
Of 6,728 companies in sector 93299 we hold annual accounts for 1,168. 264 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-04-1999
Fiscal year end30-06
Activities, NACEBEL
92723
93299Other amusement and recreation activities
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
52240
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.