Stow
ActiveSummary
The computed 12-month bankruptcy probability of Stow is 1.7% (moderate). The 2025 annual accounts show equity of €6.48M and a net result of €1.75M. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 677 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability61▲+27
Solvency49▼-6
Growth71▼-2
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.42 in 2024; short-term debt: 76.2% and cash: 7.6% of total assets), and 76.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
23.5%
Return on assets
6.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 677 sector peers (2025).
NBB · sector comparisonPosition among 677 sector peers
Solvency
better than 23%
← 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 d early
2024
14 d early
2023
13 d early
2022
12 d early
2021
27 d early
2020
60 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€101.97M▲ 2.0%
2024 · €99.93M
2020: €70.45Mlowest in 6 years
2021: €97.93M▲ +39.0% vs 2020
2022: €117.44M▲ +19.9% vs 2021
2023: €133.94M▲ +14.0% vs 2022highest in 6 years
2024: €99.93M▼ -25.4% vs 2023
2025: €101.97M▲ +2.0% vs 2024
2020 → 2025
EBIT margin
2.7%▲ 1.4pp
2024 · 1.4%
2020: 2.0%
2021: 1.8%▼ -9.4% vs 2020
2022: 2.7%▲ +50.3% vs 2021
2023: 3.8%▲ +37.8% vs 2022highest in 6 years
2024: 1.4%▼ -63.9% vs 2023lowest in 6 years
2025: 2.7%▲ +101% vs 2024
2020 → 2025
Net result
€1.75M▲ 35.5%
2024 · €1.29M
2020: €995klowest in 6 years
2021: €1.08M▲ +8.6% vs 2020
2022: €3.12M▲ +189% vs 2021
2023: €3.54M▲ +13.4% vs 2022highest in 6 years
2024: €1.29M▼ -63.6% vs 2023
2025: €1.75M▲ +35.5% vs 2024
2020 → 2025
Working capital
€6.55M▲ 1.8%
2024 · €6.44M
2020: €5.63M
2021: €5.13M▼ -8.8% vs 2020lowest in 6 years
2022: €5.15M▲ +0.4% vs 2021
2023: €5.16M▲ +0.2% vs 2022
2024: €6.44M▲ +24.8% vs 2023
2025: €6.55M▲ +1.8% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€97.93M-€117.44M▲ 19.9%€133.94M▲ 14.0%€99.93M▼ 25.4%€101.97M▲ 2.0%
2021: €97.93Mlowest in 5 years
2022: €117.44M▲ +19.9% vs 2021
2023: €133.94M▲ +14.0% vs 2022highest in 5 years
2024: €99.93M▼ -25.4% vs 2023
2025: €101.97M▲ +2.0% vs 2024
Equity€4.78M-€5.10M▲ 6.8%€5.15M▲ 0.8%€6.44M▲ 25.0%€6.48M▲ 0.7%
2021: €4.78Mlowest in 5 years
2022: €5.10M▲ +6.8% vs 2021
2023: €5.15M▲ +0.8% vs 2022
2024: €6.44M▲ +25.0% vs 2023
2025: €6.48M▲ +0.7% vs 2024highest in 5 years
Operating result€1.78M-€3.21M▲ 80.2%€5.04M▲ 57.2%€1.36M▼ 73.1%€2.78M▲ 105%
2021: €1.78M
2022: €3.21M▲ +80.2% vs 2021
2023: €5.04M▲ +57.2% vs 2022highest in 5 years
2024: €1.36M▼ -73.1% vs 2023lowest in 5 years
2025: €2.78M▲ +105% vs 2024
Net result€1.08M-€3.12M▲ 189%€3.54M▲ 13.4%€1.29M▼ 63.6%€1.75M▲ 35.5%
2021: €1.08Mlowest in 5 years
2022: €3.12M▲ +189% vs 2021
2023: €3.54M▲ +13.4% vs 2022highest in 5 years
2024: €1.29M▼ -63.6% vs 2023
2025: €1.75M▲ +35.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 105% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €27.53M
Equity
€6.48M ▲ 0.7%
Provisions
€0 ▼ 100%
Debt
€21.05M ▲ 38.1%
Debt's share of the balance-sheet total rises from 70.3% to 76.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.78M▲
2024 · €1.36M
Cash flow
€1.75M▲
2024 · €1.29M
Current ratio
1.31▼
2024 · 1.42
Quick ratio
1.02▼
2024 · 1.14
Debt to equity
3.25▲
2024 · 2.37
ROE
26.9%▲
2024 · 20.0%
ROA
6.3%▲
2024 · 5.9%
Interest coverage
28.40▲
2024 · 1.42
Debt ≤ 1 year
€20.97M▲
2024 · €15.23M
Income taxes
€642k▲
2024 · €491k
Staff costs
€404k▲
2024 · €386k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 74 lines
Balance sheet
Code20242025
Assets
Total assets20/58€21.67M€27.53M▲
Fixed assets21/28€4k€0▼
Tangible fixed assets22/27€2k€0▼
Furniture and vehicles24€2k€0▼
Financial fixed assets28€2k€0▼
Other financial fixed assets284/8€2k€0▼
Amounts receivable and cash guarantees285/8€2k€0▼
Current assets29/58€21.67M€27.53M▲
Stocks and contracts in progress3€4.31M€6.22M▲
Contracts in progress37€4.31M€6.22M▲
Amounts receivable within one year40/41€17.18M€19.23M▲
Trade receivables40€12.96M€17.14M▲
Other amounts receivable41€4.22M€2.09M▼
Cash at bank and in hand54/58€158k€2.08M▲
Deferred charges and accrued income490/1€12k€252▼
Equity and liabilities
Total equity and liabilities10/49€21.67M€27.53M▲
Equity10/15€6.44M€6.48M▲
Contributions10/11€4.60M€4.60M=
Capital10€4.60M€4.60M=
Issued capital100€4.60M€4.60M=
Reserves13€460k€460k=
Non-distributable reserves130/1€460k€460k=
Legal reserve130€460k€460k=
Profit (loss) carried forward14€1.37M€1.42M▲
Provisions and deferred taxes16€53-
Provisions for liabilities and charges160/5€53-
Pensions and similar obligations160€53-
Amounts payable17/49€15.24M€21.05M▲
Amounts payable within one year42/48€15.23M€20.97M▲
Financial debts43€11k€30k▲
Credit institutions430/8€11k€30k▲
Trade debts44€5.62M€8.79M▲
Suppliers440/4€5.62M€8.79M▲
Advances received on contracts in progress46€7.45M€7.08M▼
Taxes, remuneration and social security45€1.11M€1.47M▲
Taxes450/3€1.05M€1.43M▲
Remuneration and social security454/9€57k€42k▼
Other amounts payable47/48€1.04M€3.60M▲
Accrued charges and deferred income492/3€10k€74k▲
Income statement
Code20242025
Operating income70/76A€90.44M€100.60M▲
Turnover70€99.93M€101.97M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-9.71M€-1.38M▲
Other operating income74-€14k
Non-recurring operating income76A€227k-
Operating charges60/66A€89.09M€97.82M▲
Goods for resale, raw materials and consumables60€83.83M€91.72M▲
Purchases600/8€84.66M€91.72M▲
Change in stocks: decrease (increase)609€-837k-
Services and other goods61€4.53M€6.01M▲
Remuneration, social security and pensions62€386k€404k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€315k€-328k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€27€-53▼
Other operating charges640/8€27k€16k▼
Operating profit (loss)9901€1.36M€2.78M▲
Financial income75/76B€2.04M€154k▼
Recurring financial income75€2.04M€154k▼
Income from financial fixed assets750€689k-
Income from current assets751€5k€96k▲
Other financial income752/9€1.35M€58k▼
Financial charges65/66B€1.62M€544k▼
Recurring financial charges65€1.62M€544k▼
Debt charges650€958k€98k▼
Other financial charges652/9€662k€446k▼
Profit (loss) for the period before taxes9903€1.78M€2.39M▲
Income taxes67/77€491k€642k▲
Taxes670/3€491k€642k▲
Profit (loss) for the period9904€1.29M€1.75M▲
Profit (loss) for the period to be appropriated9905€1.29M€1.75M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.37M€3.12M▲
Profit (loss) brought forward from the previous period14P€82k€1.37M▲
Profit to be distributed694/7-€1.70M
Return on contributions (dividend)694-€1.70M
Social balance
Average headcount (FTE)90873.83.4▼
The notes to these accounts (32 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €90.91M | €124.21M | €141.26M | €90.44M | €100.60M | ▲ 11.2% |
| Turnover70 | €97.93M | €117.44M | €133.94M | €99.93M | €101.97M | ▲ 2.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €-7.04M | €6.77M | €7.32M | €-9.71M | €-1.38M | ▲ 85.8% |
| Other operating income74 | €20k | - | - | - | €14k | - |
| Non-recurring operating income76A | - | - | - | €227k | - | - |
| Operating charges60/66A | €89.12M | €121.00M | €136.21M | €89.09M | €97.82M | ▲ 9.8% |
| Goods for resale, raw materials and consumables60 | €84.16M | €114.82M | €129.91M | €83.83M | €91.72M | ▲ 9.4% |
| Purchases600/8 | €84.16M | €114.82M | €129.91M | €84.66M | €91.72M | ▲ 8.3% |
| Change in stocks: decrease (increase)609 | - | - | - | €-837k | - | - |
| Services and other goods61 | €4.62M | €5.82M | €5.96M | €4.53M | €6.01M | ▲ 32.6% |
| Remuneration, social security and pensions62 | €341k | €361k | €320k | €386k | €404k | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €2k | ▼ 32.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €28k | €-12k | €11k | €315k | €-328k | ▼ 204% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-32k | €-774 | €12 | €27 | €-53 | ▼ 296% |
| Other operating charges640/8 | €4k | €8k | €19k | €27k | €16k | ▼ 40.4% |
| Operating profit (loss)9901 | €1.78M | €3.21M | €5.04M | €1.36M | €2.78M | ▲ 105% |
| Financial income75/76B | €652k | €3.99M | €3.05M | €2.04M | €154k | ▼ 92.5% |
| Recurring financial income75 | €652k | €3.99M | €3.05M | €2.04M | €154k | ▼ 92.5% |
| Income from financial fixed assets750 | - | - | - | €689k | - | - |
| Income from current assets751 | - | - | - | €5k | €96k | ▲ 1,825% |
| Other financial income752/9 | €652k | €3.99M | €3.05M | €1.35M | €58k | ▼ 95.7% |
| Financial charges65/66B | €830k | €2.97M | €3.26M | €1.62M | €544k | ▼ 66.4% |
| Recurring financial charges65 | €830k | €2.97M | €3.26M | €1.62M | €544k | ▼ 66.4% |
| Debt charges650 | €126k | €69k | €520k | €958k | €98k | ▼ 89.8% |
| Other financial charges652/9 | €704k | €2.90M | €2.74M | €662k | €446k | ▼ 32.7% |
| Profit (loss) for the period before taxes9903 | €1.60M | €4.23M | €4.84M | €1.78M | €2.39M | ▲ 34.2% |
| Income taxes67/77 | €521k | €1.10M | €1.30M | €491k | €642k | ▲ 30.8% |
| Taxes670/3 | €521k | €1.10M | €1.30M | €491k | €642k | ▲ 30.8% |
| Profit (loss) for the period9904 | €1.08M | €3.12M | €3.54M | €1.29M | €1.75M | ▲ 35.5% |
| Profit (loss) for the period to be appropriated9905 | €1.08M | €3.12M | €3.54M | €1.29M | €1.75M | ▲ 35.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30.08M | €44.06M | €47.88M | €21.67M | €27.53M | ▲ 27.0% |
| Fixed assets21/28 | €11k | €8k | €6k | €4k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €9k | €7k | €4k | €2k | €0 | ▼ 100% |
| Furniture and vehicles24 | €9k | €7k | €4k | €2k | €0 | ▼ 100% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Other financial fixed assets284/8 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Amounts receivable and cash guarantees285/8 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Current assets29/58 | €30.07M | €44.05M | €47.88M | €21.67M | €27.53M | ▲ 27.0% |
| Stocks and contracts in progress3 | €5.43M | €12.13M | €14.61M | €4.31M | €6.22M | ▲ 44.1% |
| Contracts in progress37 | €5.43M | €12.13M | €14.61M | €4.31M | €6.22M | ▲ 44.1% |
| Amounts receivable within one year40/41 | €24.64M | €29.94M | €30.04M | €17.18M | €19.23M | ▲ 11.9% |
| Trade receivables40 | €22.39M | €23.88M | €22.63M | €12.96M | €17.14M | ▲ 32.2% |
| Other amounts receivable41 | €2.24M | €6.06M | €7.41M | €4.22M | €2.09M | ▼ 50.5% |
| Cash at bank and in hand54/58 | - | €1.98M | €3.23M | €158k | €2.08M | ▲ 1,218% |
| Deferred charges and accrued income490/1 | - | - | - | €12k | €252 | ▼ 97.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30.08M | €44.06M | €47.88M | €21.67M | €27.53M | ▲ 27.0% |
| Equity10/15 | €4.78M | €5.10M | €5.15M | €6.44M | €6.48M | ▲ 0.7% |
| Contributions10/11 | €4.60M | €4.60M | €4.60M | €4.60M | €4.60M | = |
| Capital10 | €4.60M | €4.60M | €4.60M | €4.60M | €4.60M | = |
| Issued capital100 | €4.60M | €4.60M | €4.60M | €4.60M | €4.60M | = |
| Reserves13 | €104k | €260k | €460k | €460k | €460k | = |
| Non-distributable reserves130/1 | €104k | €260k | €460k | €460k | €460k | = |
| Legal reserve130 | €104k | €260k | €460k | €460k | €460k | = |
| Profit (loss) carried forward14 | €72k | €240k | €82k | €1.37M | €1.42M | ▲ 3.3% |
| Provisions and deferred taxes16 | €788 | €14 | €26 | €53 | - | - |
| Provisions for liabilities and charges160/5 | €788 | €14 | €26 | €53 | - | - |
| Pensions and similar obligations160 | €788 | €14 | €26 | €53 | - | - |
| Amounts payable17/49 | €25.30M | €38.95M | €42.74M | €15.24M | €21.05M | ▲ 38.1% |
| Amounts payable within one year42/48 | €24.94M | €38.90M | €42.72M | €15.23M | €20.97M | ▲ 37.7% |
| Financial debts43 | €1.87M | - | €917k | €11k | €30k | ▲ 186% |
| Credit institutions430/8 | - | - | €917k | €11k | €30k | ▲ 186% |
| Other loans439 | €1.87M | - | - | - | - | - |
| Trade debts44 | €8.42M | €23.73M | €20.41M | €5.62M | €8.79M | ▲ 56.5% |
| Suppliers440/4 | €8.42M | €23.73M | €20.41M | €5.62M | €8.79M | ▲ 56.5% |
| Advances received on contracts in progress46 | €11.38M | €10.98M | €9.28M | €7.45M | €7.08M | ▼ 5.0% |
| Taxes, remuneration and social security45 | €1.28M | €1.38M | €2.05M | €1.11M | €1.47M | ▲ 33.2% |
| Taxes450/3 | €1.20M | €1.35M | €2.02M | €1.05M | €1.43M | ▲ 36.5% |
| Remuneration and social security454/9 | €77k | €33k | €27k | €57k | €42k | ▼ 26.5% |
| Other amounts payable47/48 | €1.99M | €2.80M | €10.06M | €1.04M | €3.60M | ▲ 246% |
| Accrued charges and deferred income492/3 | €360k | €54k | €20k | €10k | €74k | ▲ 623% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.08M | €3.12M | €3.54M | €1.29M | €1.75M | ▲ 35.5% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €2k | ▼ 32.3% |
| Operating cash flow (approximation) | €1.08M | €3.13M | €3.54M | €1.29M | €1.75M | ▲ 35.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €2k | - |
| Change in cash | - | - | €1.25M | €-3.07M | €1.93M | ▲ 163% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2020net €3.54M ▲13.4%
Operating result €5.04M, net result €3.54M, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €5MEq €5.10M ▲6.8%
3 profitable years in a row build equity to €5.10M.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Spiere-Helkijn · 3 establishment units since 2019
Ground area
4.9 ha
Building footprint
2.2 ha
Volume, LiDAR
136,251 m³
3 parcels, Flanders, Wallonia · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
Stow
since 20192.295.646.441
Fabriekstraat 34, 3800 Sint-Truiden
since 20202.298.620.975
Jacquetboslaan(D) 10, 7711 Mouscron
since 20202.298.621.668
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053G0172/00G002 | Flanders | 3.7 ha | 1 · 1.9 ha | 9.8 m · 2 fl. |
| 54003T0535/00A000 | Wallonia | 7,623 m² | 1 · 1,899 m² | - |
| 34036C0028/00H000 | Flanders | 4,229 m² | 1 · 958 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BE 0428.914.105
Nazareth-De Pinte · Eq €6.21M
TECHNO METAL INDUSTRIE
BE 0458.026.773
Andenne · Eq €6.81M
Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 534 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
46472Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.