Equity
€6.5m ▲ 0.7%
Stow paid out €1.7m in dividends. That is 97% of the 2025 profit.
Stow
Lifetime
6 annual accounts with figures on one time axispeak €133.9m (2023)
€102.0m▲ 2.0%
peak €3.5m (2023)
€1.7m▲ 35.5%
peak €6.5m (2025)
€6.5m▲ 0.7%
€21.0m▲ 38.1%
peak 5.1 FTE (2020)
3.4 FTE▼ 10.5%
Board6 names since 2019
-
Owners2 names in the annual accounts
100%STOW INTERNATIONAL and 1 other
Documentsfilings and deeds
16-07-202615 days before the deadline
2025financial year
Result from €1.3m to €1.7mStaff from 3.8 FTE to 3.4 FTEDividend €1.7mDebts from €15.2m to €21.0mCash from €158,081 to €2.1m
Key points
from the 2025 annual accountsResult
€1.7m ▲ 35.5%
The result rose in 2025 from €1.3m to €1.7m.
Debts
€21.0m 76% of the balance sheet
Financial debts 0%Suppliers 42%Taxes and wages 7%Other 51%
Of this, €21.0m falls due within a year.
Staff
3.4 FTE from 5.1 in 2020
Between 2020 and 2025, 33% of the full-time equivalents disappeared.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 12 to 27 days before the end of the period.
Position in the sector
€1.7m
Higher net result than 90% of companies in fabricated metal products. Sector median €79,515 · 834 companies.
Checked score
85
Excellent
Financially stronger than 28% of micro companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.0%▼ -0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.2%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.1%▼ -0.1 percentage points vs 07-2025
09-2025: 1.1%● unchanged vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 0.9%▼ -0.2 percentage points vs 01-2026
03-2026: 1.0%▲ +0.1 percentage points vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 0.4%▼ -0.9 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.2%▼ -0.2 percentage points vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Equity €6.5m (23.5% of total assets)
lowers risk
Size: turnover €102.0m, 3.4 FTE, total assets €27.5m
Legal form: public limited company
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 25, micro). It does better than 26% of them on solvency, 9% on liquidity, 29% on profitability and 46% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 6,713 companies had the same profile as Stow has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Stow itself is lower: 0.2% within 12 months. It rests on far more data about Stow than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,713 companies, not a prediction for Stow. 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 €550,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.31 (1.42 in 2024), below the usual 1.5. Short-term debt is 76.2% and cash 7.6% of total assets. 76.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 834 sector peers (2025).
NBB · sector comparisonPosition among 834 sector peers
Solvency
better than 21%
← 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 16-07-2026, 15 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
15 days early
2024
14 days early
2023
13 days early
2022
12 days early
2021
27 days early
2020
60 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 24 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known boardCC
CON4MA Comm.V
Director, until 2021
- STOW INTERNATIONAL 100%score 65equity €120.7m (2025) · annual accounts 2025
- Optimus Midco BV consolidatesscore 83equity €118.0m (2025) · annual accounts 2025
Recent changes
Resignation: CON4MA Comm.V (director)
General meeting of 14-12-2020 · Gazette deed
Capital decrease of €324,378.48 to €4,604,665.88
Capital from €4,929,044.36 to €4,604,665.88 · General meeting of 07-09-2020 · Gazette deed
Transfer: Stow International transfers a branch of activity to Stow
Capital increase of €4,867,544.36 to €4,929,044.36 · Capital from €61,500 to €4,929,044.36, 486,754 new shares · General meeting of 31-12-2019 · Gazette deed
2 establishments registered
Sint-Truiden and Mouscron
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| Stow Spiere-Helkijn | €102.0m | 2.7% | 23.5% | 3.4 |
| STABO Brecht | €16.7m | -3.8% | 13.5% | 4.8 |
| POOL COVER SYSTEMS Ravels | - | - | 59.2% | 5.3 |
| SANDSTRA Roeselare | - | - | 62.6% | 2.3 |
| Standaert Rolbruggen Ostend | - | - | 25.2% | 11.5 |
| DEMA-C Poperinge | - | - | 9.6% | 12 |
| Debruyne Construct Diksmuide | - | - | -5.3% | 5.2 |
Grey: the largest companies of the sector (fabricated metal products (NACE 25)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Stow: manufacture of metal structures and parts of structures (NACE 25110). They are smaller than Stow: total assets between €4m and €9.3m, founded between 2015 and 2020.
Official details
Source: KBO- Status
- Active since 13-11-2019Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 1 other
- Establishment units
- 2.295.646.4418587 Spiere-Helkijn, since 13-11-2019
- 2.298.620.9753800 Sint-Truiden, since 01-01-2020and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €27.5m▲ 27.0%
- Employeeson 31-12-2025
- 3▼ 25.0%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on Stow
Stow has existed since 2019. Turnover grew from €70.5m in 2020 to €102.0m in 2025, while staff fell from 5.1 to 3.4 full-time equivalents.
Solvency fell in 2025 from 29.7% to 23.5% because of the dividend and higher debts to suppliers.
STOW INTERNATIONAL holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Stow
- What is the company number of Stow?
- The company number of Stow is 0737.632.837. The VAT number is the same number with BE in front: BE 0737.632.837.
- Where is Stow based?
- The registered office is at Industriepark 6B, 8587 Spiere-Helkijn.Company details
- What does Stow do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of Stow?
- Stow is a public limited company (NV).
- When was Stow founded?
- Stow was founded on 13-11-2019.
- Is Stow still active?
- Yes, Stow is an active enterprise in the KBO register.
- How many employees does Stow have?
- Stow had an average of 3.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Stow?
- The turnover of Stow was €102.0m in financial year 2025, according to the filed annual accounts.
- Is Stow profitable?
- In financial year 2025, Stow made a profit of €1.7m.
- Where can I find the annual accounts of Stow?
- Stow filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Stow due?
- Stow must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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