Active BE 0652.700.429Private limited company (pre-2019)Open bankruptcy

Stuccologica

Koning Albertstraat 114 ·2381 Ravels, Belgium· 10 yrs active

Sector: Plastering work (43310)

Conclusion Checked

A bankruptcy procedure is open for Stuccologica according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €66k and a net result of €11k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€66k
Net result	€11k
Better than sector	88%
Active	10 yrs

Financial profile 5 of 5 axes measured · computed by Checked

58 / 100

Mixed profile: strong on solvency, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 24

Profitability 87

Solvency 100

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2023 · computed

24 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

open bankruptcy

Score history

75 2018

83 2019

75 2020

93 2021

62 2022

93 2023

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 5.76 (≥ 1.5) +10

Quick ratio Quick ratio 5.76 (≥ 1.0) +5

Leverage Debt/equity 0.23 (< 1.0) +10

Profitability ROE 17% (≥ 10%) +10

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Bankruptcy Open bankruptcy -60

Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 02-07-2024 with the NBB · fiscal year 2023 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	81.5%	45.2%	better than 88% of 33702 sector peers
Net result	€11k	€10k	better than 53% of 33682 sector peers
Equity	€66k	€56k	better than 55% of 33721 sector peers
Gross operating margin	€15k	€39k	better than 27% of 33657 sector peers
Total assets	€81k	€142k	better than 31% of 33708 sector peers

Net profit

€11k

- 18-23

Total assets

€81k

-2.9% 18-23

Equity

€66k

+21.0% 18-23

Working capital

€67k

+20.7% 18-23

Income taxes

€5k

+3406.5% 18-23

Dividends

€0

-100.0% 18-23

Debt

€15k

-48.2% 18-23

Debt ≤ 1y

€14k

-49.8% 18-23

Current ratio

5.76

+93.3% 18-23

Quick ratio

5.76

+93.3% 18-23

Solvency

81.5%

+24.7% 18-23

Debt / equity

0.23

-57.2% 18-23

ROE

17.4%

- 18-23

ROA

14.2%

- 18-23

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2023	2022	2021	2020	2019
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	-	-	-	-	-
Net profit	€11k	€-1k	€8k	€6k	€15k
Cash flow	-	-	-	-	-
Staff costs	-	-	-	-	-
Income taxes	€5k	€130	€2k	€328	€4k
Dividends	-	€0	€800	-	€0
Total assets	€81k	€83k	€64k	€60k	€52k
Equity	€66k	€54k	€56k	€48k	€43k
Debt	€15k	€29k	€8k	€12k	€10k
of which ≤ 1y	€14k	€28k	€8k	€12k	€10k
of which > 1y	-	-	-	-	-
Working capital	€67k	€55k	€56k	€48k	€43k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2023	2022	2021	2020	2019
Current ratio	5.76	2.98	7.72	5.03	5.42
Quick ratio	5.76	2.98	7.72	5.03	5.42
Working capital ratio	82.7%	66.5%	87.0%	80.1%	81.6%
Solvency	81.5%	65.4%	87.0%	80.1%	81.6%
Debt / equity	0.23	0.53	0.15	-	-
Long-term debt ratio	-	-	-	-	-
Interest coverage	-	-	-	-	-
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	14.2%	-1.5%	12.4%	9.8%	29.4%
ROE	17.4%	-2.2%	14.2%	12.2%	36.1%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2023

Equity & liabilities

Equity €66k · 81.5% Debt €15k · 18.5%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023	2022	2021	2020	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€81k	€83k	€64k	€60k	€52k
Fixed assets	21/28	-	-	-	-	€0
Financial fixed assets	28	-	-	-	-	€0
Current assets	29/58	€81k	€83k	€64k	€60k	€52k
Amounts receivable within one year	40/41	€81k	€83k	€64k	€60k	€50k
Cash & bank	54/58	€180	€20	€20	€20	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€81k	€83k	€64k	€60k	€52k
Equity	10/15	€66k	€54k	€56k	€48k	€43k
Contributions / capital	10/11	€19k	€19k	€19k	-	€19k
Reserves	13	€47k	€36k	€37k	€30k	€24k
Accumulated profits (losses)	14	-	€0	€0	-	-
Amounts payable	17/49	€15k	€29k	€8k	€12k	€10k
Amounts payable within one year	42/48	€14k	€28k	€8k	€12k	€10k
Trade debts payable within one year	44	€8k	€25k	€3k	€1k	€2k
Income statement
Gross operating margin	9900	€15k	€-1k	€10k	€5k	€20k
Operating result	9901	€14k	€-2k	€10k	€3k	€18k
Financial income	75	€4k	€4k	€3k	€4k	€3k
Financial charges	65	€2k	€3k	€2k	€1k	€2k
Result before taxes	9903	€16k	€-1k	€10k	€6k	€19k
Income taxes	67/77	€5k	€130	€2k	€328	€4k
Net result for the period	9904	€11k	€-1k	€8k	€6k	€15k
Result to be appropriated	9905	€11k	€-1k	€8k	€6k	€15k

Directors & mandates1 person

Role	Name	Tenure
Curator	BEN DE GROOF DE MERODELEI 112, 2300 TURNHOUT-	04-11-2025 → present

Legal Structure

NACE primary	Plastering work(43310)
Legal form	Private limited company (pre-2019)(015)
Incorporation	20-04-2016
Status	Active
Postal code	2381
First insolvency signal	10-11-2025
Latest insolvency signal	10-11-2025

Establishment units 1 location

STUCCOLOGICA

Koning Albertstraat 114, 2381 RavelsPlastering work

since 20162.252.247.156

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13048A0452/00S002	Flanders	1,451 m²	1 · 385 m²	-

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.

Updates 8 events

All 11Signals 1Financial 3Filings 7

2025

10-11

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Turnhout · STUCCOLOGICA BV KONING ALBERTSTRAAT 114/2-2, 2381 WEELDE · event 04-11-2025

2024

02-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Back to profitnet €11k

Net result €11k after one loss-making year.

25-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-1k ▼115%

Net result drops to €-1k, the lowest in the series; recovery starts the following year.

16-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 16 days late

2021

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

30-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Highest result since 2018net €15k ▲63%

Net result €15k, the highest in the series.

29-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

19-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Lifecycle & Insolvency Signals1 events

10-11-2025

Bankruptcy Opening

Date: 04-11-2025 · Ondernemingsrechtbank Antwerpen, afdeling Turnhout · STUCCOLOGICA BV KONING ALBERTSTRAAT 114/2-2, 2381 WEELDE · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

No credit: a bankruptcy procedure is open.

Company registry (CBE) Crossroads Bank

Activities

Plastering work43310Painting of buildings43341

Names & trade names

Legal nameNL

Stuccologica

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