STUCABO
ActiveSummary
STUCABO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,329) and a net result of €14,190. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 5% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.35 in 2024; short-term debt: 191.6% and cash: 84.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
-91.6%
Return on assets
84.8%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 28374 sector peers (2025).
NBB · sector comparisonPosition among 28374 sector peers
Solvency
better than 5%
← 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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
20 d early
2023
57 d early
2022
19 d early
2021
54 d early
2020
51 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 11 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€15,329▲ 48.1%
2024 · -€29,520
Total assets
€16,728▲ 7.3%
2024 · €15,589
Net result
€14,190▲ 26.6%
2024 · €11,211
Working capital
-€15,329▲ 48.1%
2024 · -€29,520
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,531▼ 1,250%-€614▲ 97.0%€13,744€11,219▼ 18.4%€14,369▲ 28.1%
Net result-€21,840below the sector's middle half▼ 1,236%-€1,316below the sector's middle half▲ 94.0%€13,306within the sector's middle half€11,211within the sector's middle half▼ 15.7%€14,190within the sector's middle half▲ 26.6%
Equity-€52,720below the sector's middle half▼ 70.7%-€54,036below the sector's middle half▼ 2.5%-€40,730below the sector's middle half▲ 24.6%-€29,520below the sector's middle half▲ 27.5%-€15,329below the sector's middle half▲ 48.1%
Total assets€8,471below the sector's middle half▼ 73.7%€21,126below the sector's middle half▲ 149%€15,721below the sector's middle half▼ 25.6%€15,589below the sector's middle half▼ 0.8%€16,728below the sector's middle half▲ 7.3%
Debt€61,191▼ 3.0%€75,162▲ 22.8%€56,451▼ 24.9%€45,108▼ 20.1%€32,057▼ 28.9%
Working capital-€52,720below the sector's middle half▼ 70.7%-€54,036below the sector's middle half▼ 2.5%-€40,730below the sector's middle half▲ 24.6%-€29,520below the sector's middle half▲ 27.5%-€15,329below the sector's middle half▲ 48.1%
Solvency-622.3%below the sector's middle half▼ 526.4pp-255.8%below the sector's middle half▲ 366.6pp-259.1%below the sector's middle half▼ 3.3pp-189.4%below the sector's middle half▲ 69.7pp-91.6%below the sector's middle half▲ 97.7pp
Current ratio0.14below the sector's middle half▼ 0.370.28below the sector's middle half▲ 0.140.28below the sector's middle half=0.35below the sector's middle half▲ 0.070.52below the sector's middle half▲ 0.18
Return on assets (ROA)-257.8%below the sector's middle half▼ 252.7pp-6.2%below the sector's middle half▲ 251.6pp84.6%above the sector's middle half▲ 90.9pp71.9%above the sector's middle half▼ 12.7pp84.8%above the sector's middle half▲ 12.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024 and is the highest result in the available series.
Key figures and ratios
Quick ratio
0.47▲
2024 · 0.31
Debt to equity
-2.09▼
2024 · -1.53
Debt ≤ 1 year
€32,057▼
2024 · €45,108
Income taxes
€0▼
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,632 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €839 | €846 | €689 | €830 | €804 | ▼ 3.2% |
| Gross operating margin9900 | -€19,692 | €232 | €14,433 | €12,049 | €15,172 | ▲ 25.9% |
| Operating profit (loss)9901 | -€20,531 | -€614 | €13,744 | €11,219 | €14,369 | ▲ 28.1% |
| Financial income75/76B | - | €3 | €0 | €0 | €0 | ▼ 95.3% |
| Recurring financial income75 | - | €3 | €0 | €0 | €0 | ▼ 95.3% |
| Financial charges65/66B | €1,309 | €705 | €439 | €8 | €178 | ▲ 2,052% |
| Recurring financial charges65 | €1,309 | €705 | €439 | €8 | €178 | ▲ 2,052% |
| Profit (loss) for the period before taxes9903 | -€21,840 | -€1,316 | €13,306 | €11,211 | €14,190 | ▲ 26.6% |
| Income taxes67/77 | - | - | €0 | €0 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€21,840 | -€1,316 | €13,306 | €11,211 | €14,190 | ▲ 26.6% |
| Profit (loss) for the period to be appropriated9905 | -€21,840 | -€1,316 | €13,306 | €11,211 | €14,190 | ▲ 26.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,471 | €21,126 | €15,721 | €15,589 | €16,728 | ▲ 7.3% |
| Current assets29/58 | €8,471 | €21,126 | €15,721 | €15,589 | €16,728 | ▲ 7.3% |
| Stocks and contracts in progress3 | €812 | €1,040 | €1,052 | €1,472 | €1,804 | ▲ 22.5% |
| Stocks30/36 | €812 | €1,040 | €1,052 | €1,472 | €1,804 | ▲ 22.5% |
| Amounts receivable within one year40/41 | €2,423 | €3,033 | €9,965 | €4,966 | €743 | ▼ 85.0% |
| Trade receivables40 | €1,252 | €1,900 | €8,571 | €4,119 | €213 | ▼ 94.8% |
| Other amounts receivable41 | €1,170 | €1,133 | €1,394 | €847 | €530 | ▼ 37.4% |
| Cash at bank and in hand54/58 | €4,853 | €17,053 | €4,704 | €9,151 | €14,182 | ▲ 55.0% |
| Deferred charges and accrued income490/1 | €383 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,471 | €21,126 | €15,721 | €15,589 | €16,728 | ▲ 7.3% |
| Equity10/15 | -€52,720 | -€54,036 | -€40,730 | -€29,520 | -€15,329 | ▲ 48.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €790 | €790 | €790 | €0 | - | - |
| Non-distributable reserves130/1 | €790 | €790 | €790 | €0 | - | - |
| Reserves not available under the articles1311 | €790 | €790 | €790 | €0 | - | - |
| Profit (loss) carried forward14 | -€59,710 | -€61,026 | -€47,720 | -€35,720 | -€21,529 | ▲ 39.7% |
| Amounts payable17/49 | €61,191 | €75,162 | €56,451 | €45,108 | €32,057 | ▼ 28.9% |
| Amounts payable within one year42/48 | €61,191 | €75,162 | €56,451 | €45,108 | €32,057 | ▼ 28.9% |
| Trade debts44 | €3,819 | €1,922 | €4,836 | €5,156 | €3,026 | ▼ 41.3% |
| Suppliers440/4 | €3,819 | €1,922 | €4,836 | €5,156 | €3,026 | ▼ 41.3% |
| Taxes, remuneration and social security45 | - | - | - | €1,250 | €2,500 | ▲ 100% |
| Remuneration and social security454/9 | - | - | - | €1,250 | €2,500 | ▲ 100% |
| Other amounts payable47/48 | €57,372 | €73,241 | €51,615 | €38,702 | €26,532 | ▼ 31.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,840 | -€1,316 | €13,306 | €11,211 | €14,190 | ▲ 26.6% |
| Operating cash flow (approximation) | -€21,840 | -€1,316 | €13,306 | €11,211 | €14,190 | ▲ 26.6% |
| Change in cash | - | €12,200 | -€12,349 | €4,447 | €5,030 | ▲ 13.1% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €14,190 ▲26.6%
Operating result €14,369, net result €14,190, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13,306
Net result €13,306 after 5 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€21,840
Net result drops to -€21,840, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kalmthout · 1 establishment unit since 2009
Ground area
1,008 m²
Building footprint
141 m²
Volume, LiDAR
1,092 m³
Parcel 11022G0004/00T002, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STUCABO
since 20092.184.125.145
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022G0004/00T002 | Flanders | 1,008 m² | 1 · 141 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821631669
Also
9925:BE0821631669
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.