STS SERVICES & LOGISTICS
ActiveThe computed 12-month bankruptcy probability of STS SERVICES & LOGISTICS is 2.2% (moderate). The 2025 annual accounts show negative equity (€-319k) and a net result of €42k. Equity is shrinking by ~35% per year across the filed fiscal years. Its solvency ranks better than 5% of 10242 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
16
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-6
Solvency33=
Growth58=
Stability100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.23 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-167.3%
Return on assets
21.8%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 10242 sector peers (2025).
NBB · sector comparisonPosition among 10242 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 6 filingsDeviation from the deadline
2025
41 d late
2024
28 d late
2023
23 d late
2022
24 d late
2021
61 d late
2020
43 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-319k▲ 11.5%
2024 · €-361k
2020: €3k
2021: €-26k
2022: €-168k
2023: €-356k
2024: €-361k
2020 → 2025
Total assets
€191k▲ 61.4%
2024 · €118k
2020: €253k
2021: €325k
2022: €224k
2023: €199k
2024: €118k
2020 → 2025
Net result
€42k
2024 · €-5k
2020: €-7k
2021: €-29k
2022: €-141k
2023: €-189k
2024: €-5k
2020 → 2025
Working capital
€-260k▲ 29.0%
2024 · €-367k
2020: €6k
2021: €-19k
2022: €-173k
2023: €-366k
2024: €-367k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-26k-€-168k▼ 539%€-356k▼ 113%€-361k▼ 1.3%€-319k▲ 11.5%
Operating result€-28k-€-139k▼ 402%€-184k▼ 32.3%€7k€49k▲ 587%
Net result€-29k-€-141k▼ 389%€-189k▼ 33.6%€-5k▲ 97.6%€42k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 587% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191k
Fixed assets
€4k▼ 33.2%
Current assets
€187k▲ 66.1%
Key figures and ratios
EBITDA
€52k▲
2024 · €10k
Cash flow
€44k▲
2024 · €-1k
Solvency
-167.3%▲
2024 · -305.2%
Current ratio
0.42▲
2024 · 0.23
Quick ratio
0.28▲
2024 · 0.16
Debt / equity
-1.60▼
2024 · -1.33
ROE
-13.0%▼
2024 · 1.3%
ROA
21.8%▲
2024 · -3.9%
Interest coverage
6.71▲
2024 · 0.87
Debt
€510k▲
2024 · €479k
Debt ≤ 1 year
€448k▼
2024 · €479k
Debt > 1 year
€62k
Staff costs
€78k▼
2024 · €164k
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€118k€191k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€4k€2k▼
Current assets29/58€113k€187k▲
Stocks and contracts in progress3€34k€61k▲
Stocks30/36€34k€61k▲
Amounts receivable within one year40/41€69k€89k▲
Trade receivables40€67k€89k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€345€29k▲
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€118k€191k▲
Equity10/15€-361k€-319k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-371k€-329k▲
Amounts payable17/49€479k€510k▲
Amounts payable after more than one year17-€62k
Financial debts170/4-€62k
Amounts payable within one year42/48€479k€448k▼
Current portion of amounts payable after more than one year42€131k€144k▲
Trade debts44€258k€262k▲
Suppliers440/4€258k€262k▲
Taxes, remuneration and social security45€55k€34k▼
Taxes450/3€36k€14k▼
Remuneration and social security454/9€19k€20k▲
Other amounts payable47/48€36k€7k▼
Accrued charges and deferred income492/3-€567
Income statement
Code20242025
Remuneration, social security and pensions62€164k€78k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€14k€7k▼
Gross operating margin9900€188k€137k▼
Operating profit (loss)9901€7k€49k▲
Financial charges65/66B€12k€8k▼
Recurring financial charges65€12k€8k▼
Profit (loss) for the period before taxes9903€-5k€42k▲
Profit (loss) for the period9904€-5k€42k▲
Profit (loss) for the period to be appropriated9905€-5k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-371k€-329k▲
Profit (loss) brought forward from the previous period14P€-366k€-371k▼
Social balance
Average headcount (FTE)90871.00.9▼
The notes to these accounts (7 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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
31-12
Financial
Back to profitnet €42k
Net result €42k after 5 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
31-12
Financial
Weakest financial yearnet €-189k
Net result drops to €-189k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zelzate · 1 establishment unit since 2019
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.
Karnemelkstraat 109060 ZelzateGround area
2,028 m²
Building footprint
627 m²
Volume, LiDAR
3,592 m³
Parcel 43302B0430/00T003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STS SERVICES & LOGISTICS/Zelzaats Brandhout
since 20192.297.043.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43302B0430/00T003 | Flanders | 2,028 m² | 1 · 627 m² | 8.0 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 2023 · 2 entries · 1,205 EUR awarded · 1,205 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 641 EUR | 641 EUR |
| 2022 | 1 | 564 EUR | 564 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,232 companies in sector 47781 we hold annual accounts for 741. 142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2019
Fiscal year end31-12
Activities, NACEBEL
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47990Retail trade
49410Freight transport by road
01430Raising of horses and other equines
16110Sawmilling and planing of wood
25401Forging of metal
25530Machining of metals
33120Repair and maintenance of machinery
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
46872Wholesale trade
70200Business and other management consultancy
70220Business consulting
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.