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STUART

Active Private limited companyfounded 2000active for 26 yearsAlbert I laan 245, 8620 NieuwpoortKBO/BCE: BE 0470.638.654
STUART
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Overview

Lifetime

19 annual accounts with figures on one time axis, 25 filings since 2001
Gross marginpeak €191,478 (2012)
€133,458▼ 8.4%
Resultlowest -€53,937 (2014)
€38,979▼ 26.3%
Equitypeak €258,948 (2025)
€258,948▲ 17.7%
Debts
€174,949▼ 0.7%
Staffpeak 1.8 FTE (2012)
-not published
Board1 name since 2000
1 directorPatsy VANLERBERGHE
Documentsfilings and deeds
05-05-20265 days late
2025micro format
Result from €52,896 to €38,979Equity from €219,969 to €258,948

Key points

from the 2025 annual accounts

Staff

2 employees on 30-09-2025
11202112202210202332202419192025

In 2025, 19 people joined and 19 left.

Filings

25 annual accounts since 2001
deadline20102020

Two of the last ten came late. The 2025 accounts came latest: 5 days after the end of the period.

Position in the sector

€258,948

More equity than 89% of companies in retail trade. Sector median €41,219 · 22,859 companies.

Checked score

97
Excellent
Financially stronger than 75% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.6% across 40,278 companies (NACE 47, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026highest value 06-2026: < 0.1%▼ -0.2 percentage points vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

Solvency
85+4equity 59.7% of total assets
Liquidity
83+4short-term debt 23.0% · cash 32.6%
Profitability
80-5return on assets 9.0%

Score breakdown

raises risk
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 3.30, cash €141,298
Founded in 2000
Equity €258,948 (59.7% of total assets)
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 47, micro). It does better than 73% of them on solvency, 86% on liquidity, 71% on profitability and 70% on growth.

The bankruptcy probability was computed on 04-11-2026 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 30-09-2025.

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, 31,368 companies had the same profile as STUART has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of STUART itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for STUART. 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 €25,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.3 (3.72 in 2024), above the usual 1.5. Short-term debt is 23% and cash 32.6% of total assets. 40.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 3.30, cash €141,298
NBB · annual accounts
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €258,948 (59.7% of total assets)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-05-2026, 5 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
5 days late
2024
19 days early
2023
1 day early
2022
34 days early
2021
2 days late
2020
4 days early
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end05-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PV
Patsy VANLERBERGHE
Director, since 26-01-2000
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0470638654
Change of role: Patsy VANLERBERGHE, from director to statutory director Reappointment: Patsy VANLERBERGHE (statutory director) · “Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijke welke wijze,rechtstreeks of…” (deed in Dutch) · General meeting of 27-06-2023 · Gazette deed
First establishment Albert I laan 245, Nieuwpoort
Incorporation published on 18-02-2000 · Gazette deed
All 35 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
STUART Nieuwpoort €433,897 €133,458 59.7% -
HOBBY SELECT Kortrijk €397,340 €137,754 9.4% -
B - NICK Koksijde €500,842 €120,912 53.2% -
P EN S PROTECT EN SAFETYWARE Kortrijk €564,405 €121,453 87.6% -
Sam & Sieber Oostkamp €562,186 €193,375 70.2% -
NEW LONDON SHOP Koksijde €580,732 €92,977 48.9% -
VEROFA Malmedy €491,601 €90,902 50.2% -

These companies have the same main activity as STUART: retail sale of household textiles and bedding (NACE 47512). They are comparable in size and age: total assets between €397,000 and €581,000, founded between 1999 and 2001.

Official details

Source: KBO
Status
Active since 08-02-2000Normal situation
Activity
Retail sale of household textiles and beddingNACE 47512and 1 other
Establishment unit
2.131.935.5818620 Nieuwpoort, since 28-02-2000
Financial year end
30 September
Peppol
Reachable since 09-10-2026
Company details

Annual accounts to 30-09-2025

Gross margin
€133,458▼ 8.4%
Turnover
≈ €750,000estimated
Profit
€38,979▼ 26.3%
Equity
€258,948▲ 17.7%
Total assets
€433,897▲ 9.5%
Employeeson 30-09-2025
2=
Filing
Filed on 05-05-2026
Financials

Insights on STUART

STUART files the micro format. That format states no turnover. The gross margin fell from €189,955 in 2007 to €133,458 in 2025.

The balance sheet grew most in 2014 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 05-05-2026, 5 days late
Gross margin
€133,458
▼ 8.4%
Operating result
€65,971
▼ 24.6%
Profit
€38,979
▼ 26.3%
Working capital
€229,751
▲ 17.0%
Solvency
59.7%
▲ 4.1 percentage points
Current ratio
3.30
▼ 0.41

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €750,000. Estimated: probably between €580,000 and €1.1m.

Balance sheet

balance sheet total €433,897 on 30-09-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency59.7%

Higher than 72% of 22,817 companies in 2025.

Current ratio3.30

Higher than 79% of 21,951 companies in 2025.

Return on assets9.0%

Higher than 66% of 22,101 companies in 2025.

STUART Middle half of the sector 80% of the sector Micro accounts in retail trade (NACE 47)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff cost per FTE€18,833

Staff costs divided by the average number of full-time equivalents.

Joined and left+0

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
Total assets20/58 433,897396,088417,310460,816482,057534,719498,197532,615609,329595,023673,721683,669240,430252,772293,133284,755332,434270,359357,725
Fixed assets21/28 104,450127,325150,201173,077195,953223,315251,919283,274317,680354,489396,788444,96138,69945,21050,58527,82346,36667,237113,720
Intangible fixed assets21 ------------35,00040,00045,000----
Tangible fixed assets22/27 104,450127,325150,201173,077195,953223,315251,919283,274317,680354,489396,788444,9611,0062,5172,89225,13043,67364,544111,027
Land and buildings22 104,450127,325150,201173,077195,953223,315251,723282,833316,944354,489396,788444,514-6621,4902,4832881,4102,793
Plant, machinery and equipment23 ------196441735--------3,3948,800
Furniture and vehicles24 -----------4471,0061,8551,40222,64743,38559,74099,434
Financial fixed assets28 ------------2,6932,6932,6932,6932,6932,6932,693
Current assets29/58 329,447268,763267,109287,739286,104311,403246,277249,341291,650240,534276,933238,708201,731207,562242,548256,932286,068203,122244,005
Stocks and contracts in progress3 138,750136,250111,755175,530133,125205,230194,500187,900206,890203,832218,187159,588129,222157,477157,752139,473148,572103,49541,000
Stocks30/36 138,750136,250111,755175,530133,125205,230194,500187,900206,890203,832218,187159,588129,222157,477157,752139,473148,572103,49541,000
Amounts receivable within one year40/41 47,91921,37816,06312,2993,9015,7661,83712,9885,9671,79512,45750,37416,15717,79315,94417,61255,48913,92629,718
Trade receivables40 1,6183,6173,9723,6211,0711,5121,7137,8745,8541,6351,9548861,76214,0302,6222,78919,0675,97222,274
Other amounts receivable41 46,30117,76112,0928,6782,8314,2541245,11411316010,50349,48814,3953,76313,32214,82336,4227,9547,444
Current investments50/53 --------------30,000----
Cash at bank and in hand54/58 141,298109,708137,59398,240148,25398,33448,87445,54278,79234,63646,01828,74655,64532,29238,85299,84781,97584,367172,395
Deferred charges and accrued income490/1 1,4801,4271,6971,6708242,0731,0662,911-271271-707---321,334892
Balance sheet: equity and liabilities
Total equity and liabilities10/49 433,897396,088417,310460,816482,057534,719498,197532,615609,329595,023673,721683,669240,430252,772293,133284,755332,434270,359357,725
Equity10/15 258,948219,969167,073160,532142,005150,761179,629175,042170,658146,481131,717112,068166,005122,49039,63027,896161,492177,058171,005
Contributions10/11 7,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,0007,000
Issued capital100 ------21,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,00021,000
Uncalled capital101 ------14,00014,00014,00014,00014,00014,00014,00014,00014,00014,00014,00014,00014,000
Reserves13 251,948212,969160,073153,532135,005143,761172,629168,042163,658139,481124,717159,005159,005115,49032,63020,896154,492170,058164,005
Non-distributable reserves130/1 --02,1002,1002,100-------------
Legal reserve130 ------2,1002,1002,1002,1002,1002,1002,1002,1002,1002,1002,1002,1002,100
Reserves not available under the articles1311 --02,1002,1002,100-------------
Tax-exempt reserves132 ---018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,750
Distributable reserves133 251,948212,969160,073151,432114,155122,911151,779147,192142,808118,631103,867138,155138,15594,64011,78046133,642149,208143,155
Profit (loss) carried forward14 -000--------53,937-------
Amounts payable17/49 174,949176,119250,237300,284340,052383,958318,568357,574438,671448,543542,004571,60174,425130,282253,503256,859170,94293,301186,720
Amounts payable after more than one year17 75,253103,473131,693159,913188,133216,353238,933280,914322,466363,600404,327444,660-39,00027,850--2,8009,521
Financial debts170/4 75,253103,473131,693159,913188,133216,353238,933280,914322,466363,600404,327444,660-----2,8009,521
Other amounts payable178/9 -------------39,00027,850----
Amounts payable within one year42/48 99,69672,331118,544140,371142,220167,60579,63574,108116,13873,507137,525107,30974,42591,150222,135252,436170,86690,429177,094
Current portion of amounts payable after more than one year42 28,22028,22028,22028,22028,22033,69141,98141,55241,13440,72840,33339,950--18,346-2,8006,72111,814
Financial debts43 -------------15,081-12,074---
Credit institutions430/8 -------------15,081-12,074---
Trade debts44 16,47011,7058,35918,51622,49213,34511,0274,61022,42522,32960,6448,34247,73637,66058,96225,09858,69631,26343,700
Suppliers440/4 16,47011,7058,35918,51622,49213,34511,0274,61022,42522,32960,6448,34247,73637,66058,96225,09858,69631,26343,700
Taxes, remuneration and social security45 55,00532,40633,61644,89024,38323,11816,27314,38322,81810,4296,7528,3534,87811,96711,66045,26436,37020,31035,830
Taxes450/3 48,40927,15828,11940,46822,50918,83110,1259,19417,2434,6081,3301,2848558,5615,44040,93433,88717,67732,983
Remuneration and social security454/9 6,5975,2485,4984,4221,8744,2876,1485,1895,5755,8205,4227,0694,0233,4066,2204,3302,4832,6332,847
Other amounts payable47/48 -048,34848,74567,12597,45110,35413,56429,7612229,79650,66421,81126,442133,167170,00073,00032,13585,750
Accrued charges and deferred income492/3 0315-09,699--2,5516711,43615219,632-1323,5184,4237672105
Income statement
Non-recurring operating income76A -------------13,223--26,4155,491-
Gross operating margin9900 133,458145,741146,200131,28887,68633,11993,815105,432127,079128,342148,712102,612119,835191,478145,271167,942147,678107,261189,955
Remuneration, social security and pensions62 39,54930,92827,56423,2419,22921,43244,42642,76144,15845,02645,37340,42236,29953,49932,74828,18923,03123,63427,939
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 22,87622,87622,87622,87627,36228,60431,35534,40538,03542,29948,17389,4986,5118,16927,23823,79427,13027,18241,239
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 ---------22,648-1,5956,5113,374-3,140-302,031-1,0115,0088,375250
Other operating charges640/8 5,0624,4764,2354,3692,7733,6183,6483,7065,6532,0505,6242,4485,1419363,6332,8563,8886,5366,841
Operating profit (loss)9901 65,97187,46091,52580,80248,322-20,53614,38624,56161,88140,56243,031-33,13075,024128,90479,621114,11488,62141,534113,686
Financial income75/76B 0003561,066537336549325269955591846041,9262,2922,224
Recurring financial income75 0003561,066537336549325269955591846041,9262,2922,224
Financial charges65/66B 7,3018,7849,3489,42710,1278,8696,95017,08220,64421,02423,40720,9069,35118,43014,3669,2887,7609,3877,613
Recurring financial charges65 7,3018,7849,3489,42710,1278,8696,95017,08220,64421,02423,40720,9069,35118,43014,3669,2887,7609,3877,613
Profit (loss) for the period before taxes9903 58,67078,67682,17771,73139,261-28,8687,7718,02741,26919,54319,650-53,93765,728123,75665,439105,430109,20239,930108,297
Income taxes67/77 19,69125,78027,28829,0264,502-3,1843,64417,0914,780--22,21340,89628,70539,02634,7683,87729,789
Profit (loss) for the period9904 38,97952,89654,88942,70534,759-28,8684,5874,38324,17814,76319,650-53,93743,51582,86036,73466,40474,43436,05378,508
Transfer from tax-exempt reserves789 --018,750---------------
Profit (loss) for the period to be appropriated9905 38,97952,89654,88961,45534,759-28,8684,5874,38324,17814,76319,650-53,93743,51582,86036,73466,40474,43436,05378,508
Appropriation of the result
Profit (loss) to be appropriated9906 38,97952,89654,88961,45534,759-28,8684,5874,38324,17814,763-34,287-53,93743,51582,86036,73466,40474,43436,05378,508
Transfer from equity791/2 -048,34824,17843,51528,868----34,287----133,59615,566-26,492
Transfer to equity691/2 38,97952,89654,88961,45534,759-4,5874,38324,17814,763--43,51582,86011,734--6,053-
To other reserves6921 38,97952,89654,88961,45534,759-4,5874,38324,17814,763--43,51582,86011,734--6,053-
Profit to be distributed694/7 -048,34824,17843,515---------25,000200,00090,00030,000105,000
Return on contributions (dividend)694 -048,34824,17843,515---------25,000200,00060,000-75,000
Directors or managers695 ----------------30,00030,00030,000
Social balance sheet
Average staff (FTE)9087 2.121.212.20.80.91.11.21.21.41.111.81.110.80.81.2
Hours worked1013 1,3281,1481,1409614871,1391,9292,1212,2282,3002,4842,1961,9853,5092,1001,7981,3461,4561,890
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 6 older financial years (2001-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 05-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 5 days after the deadline. Filed on 5 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00102666.

Financial year Type Filed Reference Document
30-09-2025 micro format 05-05-2026 2026-00102666 PDF
30-09-2024 micro format 11-04-2025 2025-00068099 PDF
30-09-2023 micro format 29-04-2024 2024-00073456 PDF
30-09-2022 micro format 27-03-2023 2023-00045962 PDF
30-09-2021 micro format 02-05-2022 2022-20016590 PDF
30-09-2020 micro format 26-04-2021 2021-11200447 PDF
30-09-2019 micro format 28-04-2020 2020-10300018 PDF
30-09-2018 micro format 23-04-2019 2019-10500404 PDF
30-09-2017 micro format 06-04-2018 2018-09300443 PDF
30-09-2016 abbreviated format 07-04-2017 2017-09100328 PDF
30-09-2015 abbreviated format 31-03-2016 2016-08700046 PDF
30-09-2014 abbreviated format 26-03-2015 2015-07400483 PDF
30-09-2013 abbreviated format 31-03-2014 2014-08000394 PDF
30-09-2012 abbreviated format 22-03-2013 2013-07000581 PDF
30-09-2011 abbreviated format 29-03-2012 2012-07600434 PDF
30-09-2010 abbreviated format 18-02-2011 2011-03900196 PDF
30-09-2009 abbreviated format 22-03-2010 2010-07100328 PDF
30-09-2008 abbreviated format 27-03-2009 2009-09300025 PDF
30-09-2007 abbreviated format 25-03-2008 2008-08100061 PDF
30-09-2006 abbreviated format 26-03-2007 2007-09104970 PDF
30-09-2005 abbreviated format 22-03-2006 2006-08001842 PDF
30-09-2004 abbreviated format 29-03-2005 2005-09204378 PDF
30-09-2003 abbreviated format 22-03-2004 2004-08100829 PDF
30-09-2002 abbreviated format 28-03-2003 2003-09203301 PDF
30-09-2001 abbreviated format 23-04-2002 2002-10400689 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
EBITDA 88,847110,336114,401103,67875,6848,06845,74158,96699,91682,86191,20456,36881,535137,073106,859137,908115,75168,716154,925
Cash flow 61,85575,77277,76565,58162,121-26435,94238,78962,21357,06267,82335,56150,02691,02963,97290,198101,56463,235119,747
Investment in fixed assets (approximation) 0000006,59001,226-00498,45302,79450,0005,2516,259-19,301101,537
Change in cash 31,590-27,88539,353-50,01449,91949,4603,332-33,25044,156-11,38217,272-26,89923,353-6,560-60,99517,872-2,392-88,028-
Working capital 229,751196,432148,565147,368143,885143,799166,642175,233175,512167,027139,408131,399127,306116,41220,4134,496115,202112,69366,911
Solvency 59.7%55.5%40.0%34.8%29.5%28.2%36.1%32.9%28.0%24.6%19.6%16.4%69.0%48.5%13.5%9.8%48.6%65.5%47.8%
Current ratio 3.303.722.252.052.011.863.093.362.513.272.012.222.712.281.091.021.672.251.38
Quick ratio 1.911.831.310.801.080.630.650.830.730.500.430.740.970.550.380.470.801.101.15
Debt to equity 0.680.801.501.872.392.551.772.042.573.064.115.100.451.066.409.211.060.531.09
ROE 15.1%24.0%32.9%26.6%24.5%-19.1%2.6%2.5%14.2%10.1%14.9%-48.1%26.2%67.6%92.7%238.0%46.1%20.4%45.9%
ROA 9.0%13.4%13.2%9.3%7.2%-5.4%0.9%0.8%4.0%2.5%2.9%-7.9%18.1%32.8%12.5%23.3%22.4%13.3%21.9%
Interest coverage 12.1712.5612.2411.007.47--------------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Employees at the balance-sheet date22212
full-time0000-
part-time22212
in full-time equivalents0.70.70.90.60.7
Average over the year, in full-time equivalents0.90.70.60.60.8
On a permanent contract22112
Joined193111
Left192021

Source: social balance sheet in the 2021 to 2025 annual accounts

Insights on STUART

The operating result for 2025 is 25% lower than in 2024 and the lowest since 2021. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 44.5% to 40.3%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, no change since 2023
Patsy VANLERBERGHE
Statutory director
since 26-01-2000 term without a fixed end
earlier director, until 24-07-2023
listed in the 2025 annual accounts, filed on 05-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 24-07-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Patsy VANLERBERGHE
Statutory director
BoardEarliermandate already running before its first mention
Mandates as a list
  • Patsy VANLERBERGHE
    • Statutory director, from 26-01-2000 to date
    • Director, until 24-07-2023

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,999.99
Source
2025 annual accounts

Articles of association

deed of 24-07-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“TITEL V. ALGEMENE VERGADERING Artikel 16. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”

Network & group

No group

STUART has no parent and no holdings in its annual accounts. Patsy VANLERBERGHE is the only director. STUART shares no director with another company.

At the same address

Albert I laan 245, 8620 Nieuwpoort · 1 other company
Vereniging van Mede-eigenaars Residentie Stuart te Nieuwpoort, Albert I laan 245.
registered office since 12-11-2013
 founded in 2013
0518.969.695

Timeline

Timeline

35 events since 2000

Deadline for the 2026 accounts: 30-04-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0470638654
Annual accounts 2025 filed PDFmicro format · 5 days late
2025
Annual accounts 2024 filed PDFmicro format · 19 days before the deadline
2024
Equity above €200,000 equity €219,969 ▲31.7% After 4 profitable years in a row, equity reaches €219,969.
Annual accounts 2023 filed PDFmicro format · 1 day before the deadline
2023
Change of role: Patsy VANLERBERGHE, from director to statutory directorReappointment: Patsy VANLERBERGHE (statutory director) · “Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijke welke wijze,rechtstreeks of…” (deed in Dutch) · General meeting of 27-06-20237 points ▸
  • 210 shares
  • Director appointment, Patsy VANLERBERGHE (statutory director)
  • Registered office clause, Albert I laan 245, 8620 Nieuwpoort
  • General meeting, 27-06-2023
  • Purpose change, “Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijke welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere ondernemingen; De…” (deed in Dutch)
  • Director resignation, Patsy VANLERBERGHE
  • Director reappointment, Patsy VANLERBERGHE (statutory director)
  • The deed holds 10 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFmicro format · 34 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 2 days late
2021
Back to profit net €34,759 The net result is €34,759, after one loss-making year.
Annual accounts 2020 filed PDFmicro format · 4 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 2 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 7 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 24 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 23 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 30 days before the deadline
2015
Back to profit net €19,650 The net result is €19,650, after one loss-making year.
Annual accounts 2014 filed PDFabbreviated format · 35 days before the deadline
2014
Weakest financial year net -€53,937 The net result drops to -€53,937, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2013 filed PDFabbreviated format · 30 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 39 days before the deadline
2012
Highest result from 2007 to 2025 net €82,860 ▲126% The operating result of €128,904 and the net result of €82,860 are both a record.
Liquidity more than doubled current ratio 2.28 The current ratio rises from 1.09 to 2.28. Short-term debt falls from €222,135 to €91,150.
Annual accounts 2011 filed PDFabbreviated format · 32 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 71 days before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · 39 days before the deadline
2009
Annual accounts 2008 filed PDFabbreviated format · 34 days before the deadline
2008
Annual accounts 2007 filed PDFabbreviated format · 36 days before the deadline
2007
Annual accounts 2006 filed PDFabbreviated format · 35 days before the deadline
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2000
First establishment Albert I laan 245, Nieuwpoort
Incorporation published on 18-02-2000

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

STUART was incorporated on 8 February 2000.1 Since 2000, Patsy VANLERBERGHE has served as statutory director.2 Total assets fell from €498,197 in 2019 to €433,897 in 2025 and headcount from 0.9 to 2.1 full-time equivalents.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2025
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0470.638.654
VAT number
BE 0470.638.654
Peppol ID
0208:0470638654
Other Peppol ID
9925:BE0470638654
Legal form
Private limited company
Status
Active, normal situation
Founded
08-02-2000
Financial year
ends on 30 September
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“TITEL V. ALGEMENE VERGADERING Artikel 16. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
deed of 24-07-2023 (in Dutch)
Peppol
Reachable since 09-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
STUART in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-07-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 24-07-2023 (in Dutch)

Activities

NACEBEL 2025
VAT activities
47512 Retail sale of household textiles and bedding main activity
Social security (RSZ) activities
47711 Retail sale of women's outerwear main activity
Codes under NACEBEL 2008
VAT activities
47512 Retail trade main activity
Social security (RSZ) activities
47711 Retail trade main activity
Codes under NACEBEL 2003
VAT activities
52410 main activity
Social security (RSZ) activities
52423 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en…”
11 activities
  1. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen;de aan- en verkoop,huur en verhuur van roerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
  2. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
  3. Daartoe kan de vennootschap samenwerken met,deelnemen in,of op gelijke welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere ondernemingen.
  4. De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken.
  5. De vennootschap mag betrokken zijn bij wijze van inbreng,samensmelting,inschrijving of op elke andere wijze,in de ondernemingen,verenigingen of vennootschappen,die een gelijkaardig,soortgelijk of samenhangend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een gedeelte van haar voorwerp.
  6. Groothandel en kleinhandel in:Textiel;Kleding en schoeisel;Sportkledij;Kledingaccessoires zoals handschoenen,dassen en ceinturen,paraplu’s;Bontwaren,lederwaren en reisartikelen;Kledingstoffen en meubileringstoffen;
  7. Maatwerk voor dames,heren,jeugd en kinderen;
  8. Het online verkopen via internet van alle goederen;in het bijzonder van alle textielwaren,kledingstukken met alle mogelijke toebehoren;
  9. Onlinemarketing en communicatie;
  10. Ontwikkelen en verkoop van software,internetapplicaties,implementatie en alle aanverwante activiteiten;
  11. E-commerce;
deed of 24-07-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Albert I laan 245 registered office 8620 Nieuwpoort 4641101 Wholesale trade 28-02-2000 2.131.935.581

Buildings and parcels at the address

Ground area
182 m²
Buildings
202 m²
Volume, LiDAR
2,940 m³
Tallest building
21.0 m
Buildings to scale, each on its own parcel
202 m², 21.0 m 202 m², 21.0 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
38402D0392/00D000182 m² 1 · 202 m² 21.0 m · 6

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