STOVE
ActiveSTOVE has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €490k and a net result of €135k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 30% of 405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+37
Solvency52▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.24 in 2024; short-term debt: 64.8% and cash: 4.6% of total assets), and 72.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
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
27.4%
Return on assets
7.5%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
10 d late
2023
48 d early
2022
4 d early
2021
3 d late
2020
5 d late
2019
on the day
← 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 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€490k▲ 38.0%
2024 · €355k
2019: €551k
2020: €565k
2021: €589k
2022: €603k
2023: €620k
2024: €355k
2019 → 2025
Total assets
€1.79M▲ 3.2%
2024 · €1.74M
2019: €1.74M
2020: €1.96M
2021: €1.82M
2022: €1.70M
2023: €2.14M
2024: €1.74M
2019 → 2025
Net result
€135k▲ 2,682%
2024 · €5k
2019: €35k
2020: €14k
2021: €25k
2022: €13k
2023: €17k
2024: €5k
2019 → 2025
Working capital
€393k▲ 39.9%
2024 · €280k
2019: €269k
2020: €289k
2021: €299k
2022: €293k
2023: €294k
2024: €280k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€589k-€603k▲ 2.3%€620k▲ 2.9%€355k▼ 42.7%€490k▲ 38.0%
Operating result€44k-€37k▼ 15.7%€55k▲ 48.0%€71k▲ 29.4%€254k▲ 258%
Net result€25k-€13k▼ 46.2%€17k▲ 29.8%€5k▼ 71.8%€135k▲ 2,682%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 258% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.79M
Fixed assets
€238k▼ 11.3%
Current assets
€1.55M▲ 5.9%
Equity and liabilities €1.79M
Equity
€490k▲ 38.0%
Debt
€1.30M▼ 5.7%
The debt ratio falls from 79.6% to 72.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€330k▲
2024 · €140k
Cash flow
€211k▲
2024 · €74k
Solvency
27.4%▲
2024 · 20.4%
Current ratio
1.34▲
2024 · 1.24
Quick ratio
0.96▲
2024 · 0.74
Debt / equity
2.66▼
2024 · 3.89
ROE
27.6%▲
2024 · 1.4%
ROA
7.5%▲
2024 · 0.3%
Interest coverage
7.63▲
2024 · 2.58
Debt
€1.30M▼
2024 · €1.38M
Debt ≤ 1 year
€1.16M▼
2024 · €1.19M
Debt > 1 year
€135k▼
2024 · €188k
Income taxes
€83k▲
2024 · €17k
Staff costs
€482k▼
2024 · €608k
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€1.74M€1.79M▲
Fixed assets21/28€269k€238k▼
Intangible fixed assets21€6k€7k▲
Tangible fixed assets22/27€262k€231k▼
Plant, machinery and equipment23€65k€57k▼
Furniture and vehicles24€46k€65k▲
Leasing and similar rights25€151k€109k▼
Current assets29/58€1.47M€1.55M▲
Amounts receivable after more than one year29€134k€119k▼
Other amounts receivable291€134k€119k▼
Stocks and contracts in progress3€592k€442k▼
Stocks30/36€426k€306k▼
Contracts in progress37€167k€136k▼
Amounts receivable within one year40/41€578k€880k▲
Trade receivables40€359k€564k▲
Other amounts receivable41€219k€316k▲
Cash at bank and in hand54/58€129k€82k▼
Deferred charges and accrued income490/1€35k€30k▼
Equity and liabilities
Total equity and liabilities10/49€1.74M€1.79M▲
Equity10/15€355k€490k▲
Contributions10/11€11k€11k=
Reserves13€346k€479k▲
Distributable reserves133€346k€479k▲
Profit (loss) carried forward14€-3k-
Amounts payable17/49€1.38M€1.30M▼
Amounts payable after more than one year17€188k€135k▼
Financial debts170/4€188k€135k▼
Amounts payable within one year42/48€1.19M€1.16M▼
Current portion of amounts payable after more than one year42€79k€84k▲
Financial debts43€385k€396k▲
Credit institutions430/8€385k€396k▲
Trade debts44€648k€551k▼
Suppliers440/4€648k€551k▼
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€65k€87k▲
Taxes450/3€7k€38k▲
Remuneration and social security454/9€58k€49k▼
Other amounts payable47/48€10k€41k▲
Accrued charges and deferred income492/3€6k€6k▲
Income statement
Code20242025
Non-recurring operating income76A-€129k
Remuneration, social security and pensions62€608k€482k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€76k▲
Other operating charges640/8€34k€21k▼
Gross operating margin9900€782k€833k▲
Operating profit (loss)9901€71k€254k▲
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€54k€43k▼
Recurring financial charges65€54k€43k▼
Profit (loss) for the period before taxes9903€22k€218k▲
Income taxes67/77€17k€83k▲
Profit (loss) for the period9904€5k€135k▲
Profit (loss) for the period to be appropriated9905€5k€135k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€132k▲
Profit (loss) brought forward from the previous period14P€-7k€-3k▲
Transfer to equity691/2-€132k
To other reserves6921-€132k
Social balance
Average headcount (FTE)90878.16.8▼
The notes to these accounts (18 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
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 5 days late
2025
30-06
Financial
Highest result since 2019net €135k ▲2682%
Operating result €254k, net result €135k, both a record.
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 10 days late
2024
30-06
Financial
Weakest financial yearnet €5k ▼71.8%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
2023
14-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Izegem · 1 establishment unit since 1984
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.
Lodewijk de Raetlaan 378870 IzegemGround area
2,261 m²
Building footprint
978 m²
Volume, LiDAR
5,335 m³
Parcel 36009A0479/00V000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lodewijk de Raetlaan 37, 8870 Izegem
since 19842.024.954.875
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36009A0479/00V000 | Flanders | 2,261 m² | 1 · 978 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,463 EUR awarded · 1,463 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 246 EUR | 1,110 EUR |
| 2023 | 1 | 864 EUR | 0 EUR |
| 2022 | 1 | 353 EUR | 353 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
METAL WORKING
BE 0892.723.761
Soignies · Eq €491k
VANHEE ENGINEERING
BE 0458.923.727
Izegem · Eq €466k
GEVILAN
BE 0479.786.249
Roeselare · Eq €534k
VR BASE
BE 0704.586.224
Willebroek · Eq €559k
JANS TRANSPORT EFFICIENTIE
BE 0438.058.829
Wellen · Eq €429k
Of 210 companies in sector 28299 we hold annual accounts for 154. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-1984
Fiscal year end30-06
Activities, NACEBEL
28299Manufacture of machinery and equipment not elsewhere classified
29430
25639Manufacture of fabricated metal products, except machinery and equipment
28620
46841Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.