Stud and stable
Bankruptcy closedInactive since 02-05-2026; last annual accounts for fiscal year 2022.
Summary
Stud and stable was declared bankrupt on 22-04-2024 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 27-04-2026, published in the Belgian State Gazette on 05-05-2026.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 08-08-2023, 8 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
8 d late
2021
2 d late
2020
2 d late
2019
11 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Equestrian clubs sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€136,619▼ 77.5%
2021 · -€76,974
Total assets
€360,031▲ 7.6%
2021 · €334,551
Net result
-€59,644▼ 57.8%
2021 · -€37,794
Working capital
-€372,988▼ 14.0%
2021 · -€327,191
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result€9,948-€59,849▲ 502%-€16,756-€37,612▼ 124%-€55,556▼ 47.7%
Net result€10,097-€59,484▲ 489%-€16,323below the sector's middle half-€37,794below the sector's middle half▼ 132%-€59,644below the sector's middle half▼ 57.8%
Equity-€82,342--€22,858▲ 72.2%-€39,181below the sector's middle half▼ 71.4%-€76,974below the sector's middle half▼ 96.5%-€136,619below the sector's middle half▼ 77.5%
Total assets€290,969-€469,300▲ 61.3%€334,288within the sector's middle half▼ 28.8%€334,551within the sector's middle half▲ 0.1%€360,031within the sector's middle half▲ 7.6%
Debt€373,311-€492,157▲ 31.8%€373,469▼ 24.1%€411,525▲ 10.2%€496,650▲ 20.7%
Working capital-€226,105--€256,535▼ 13.5%-€294,818▼ 14.9%-€327,191▼ 11.0%-€372,988▼ 14.0%
Solvency-28.3%--4.9%▲ 23.4pp-11.7%below the sector's middle half▼ 6.9pp-23.0%below the sector's middle half▼ 11.3pp-37.9%below the sector's middle half▼ 14.9pp
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation 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 stays negative: a loss of €55,556 in 2022 against €37,612 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €360,031
Fixed assets
€264,899 ▼ 5.0%
Current assets
€95,133 ▲ 70.5%
Key figures and ratios
EBITDA
-€30,150▼
2021 · -€14,786
Cash flow
-€34,238▼
2021 · -€14,968
Current ratio
0.20▲
2021 · 0.15
Debt to equity
-3.64▲
2021 · -5.35
ROA
-16.6%▼
2021 · -11.3%
Interest coverage
-7.37▲
2021 · -81.54
Debt ≤ 1 year
€468,121▲
2021 · €382,996
Debt > 1 year
€28,529=
2021 · €28,529
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,095 | €22,991 | €23,041 | €22,826 | €25,406 | ▲ 11.3% |
| Other operating charges640/8 | - | - | - | €676 | €38,984 | ▲ 5,665% |
| Non-recurring operating charges66A | - | - | - | - | €3,690 | - |
| Gross operating margin9900 | €26,207 | €91,659 | €6,936 | -€14,110 | €12,524 | ▲ 189% |
| Operating profit (loss)9901 | €9,948 | €59,849 | -€16,756 | -€37,612 | -€55,556 | ▼ 47.7% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | €381 | €50 | €929 | - | €0 | - |
| Financial charges65/66B | - | - | - | €181 | €4,088 | ▲ 2,155% |
| Recurring financial charges65 | €233 | €414 | €496 | €181 | €4,088 | ▲ 2,155% |
| Profit (loss) for the period before taxes9903 | €10,097 | €59,484 | -€16,323 | -€37,794 | -€59,644 | ▼ 57.8% |
| Profit (loss) for the period9904 | €10,097 | €59,484 | -€16,323 | -€37,794 | -€59,644 | ▼ 57.8% |
| Profit (loss) for the period to be appropriated9905 | €10,097 | €59,484 | -€16,323 | -€37,794 | -€59,644 | ▼ 57.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290,969 | €469,300 | €334,288 | €334,551 | €360,031 | ▲ 7.6% |
| Formation expenses20 | €173 | €86 | - | - | - | - |
| Fixed assets21/28 | €172,119 | €262,120 | €284,166 | €278,746 | €264,899 | ▼ 5.0% |
| Tangible fixed assets22/27 | €172,119 | €262,120 | €284,166 | €278,746 | €264,899 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | - | - | €278,746 | €263,878 | ▼ 5.3% |
| Furniture and vehicles24 | - | - | - | - | €1,021 | - |
| Current assets29/58 | €118,677 | €207,093 | €50,122 | €55,805 | €95,133 | ▲ 70.5% |
| Amounts receivable within one year40/41 | €110,637 | €158,467 | €15,478 | €46,092 | €90,670 | ▲ 96.7% |
| Trade receivables40 | - | - | - | €45,913 | €80,981 | ▲ 76.4% |
| Other amounts receivable41 | - | - | - | €179 | €9,689 | ▲ 5,325% |
| Cash at bank and in hand54/58 | €7,112 | €48,005 | €34,328 | €9,064 | €3,792 | ▼ 58.2% |
| Deferred charges and accrued income490/1 | - | - | - | €649 | €670 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290,969 | €469,300 | €334,288 | €334,551 | €360,031 | ▲ 7.6% |
| Equity10/15 | -€82,342 | -€22,858 | -€39,181 | -€76,974 | -€136,619 | ▼ 77.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€88,542 | -€29,058 | -€45,381 | -€83,174 | -€142,819 | ▼ 71.7% |
| Amounts payable17/49 | €373,311 | €492,157 | €373,469 | €411,525 | €496,650 | ▲ 20.7% |
| Amounts payable after more than one year17 | €28,529 | €28,529 | €28,529 | €28,529 | €28,529 | = |
| Financial debts170/4 | - | - | - | €28,529 | €28,529 | = |
| Amounts payable within one year42/48 | €344,782 | €463,628 | €344,940 | €382,996 | €468,121 | ▲ 22.2% |
| Trade debts44 | €90,941 | €143,615 | €18,315 | €57,550 | €87,441 | ▲ 51.9% |
| Suppliers440/4 | - | - | - | €57,550 | €87,441 | ▲ 51.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €40,546 | - |
| Taxes450/3 | - | - | - | - | €40,546 | - |
| Other amounts payable47/48 | - | - | - | €325,446 | €340,134 | ▲ 4.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,097 | €59,484 | -€16,323 | -€37,794 | -€59,644 | ▼ 57.8% |
| + Depreciation and write-downs630 | €8,095 | €22,991 | €23,041 | €22,826 | €25,406 | ▲ 11.3% |
| Operating cash flow (approximation) | €18,192 | €82,475 | €6,717 | -€14,968 | -€34,238 | ▼ 129% |
| Investment in fixed assets (approximation) | - | -€112,991 | -€45,086 | -€17,405 | -€11,559 | ▲ 33.6% |
| Change in cash | - | €40,893 | -€13,677 | -€25,264 | -€5,272 | ▲ 79.1% |
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
2026
05-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 27-04-2026
2025
05-09
KBO administration
Address struck
2024
26-04
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 22-04-2024
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Weakest financial yearnet -€59,644
Net result drops to -€59,644, the lowest in the series.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Highest result since 2018net €59,484 ▲489%
Operating result €59,849, net result €59,484, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 192 days late
2015
15-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 137 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 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, Seneffe
Ground area
1,012 m²
Building footprint
244 m²
Parcel 52003B0364/00N000, Wallonia. Linked by address, not a title deed.
54
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52003B0364/00N000 | Wallonia | 1,012 m² | 1 · 244 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS CHARLEZ CHAUSSEE DE MONS 52,
7170 MANAGE- .
Date provisoire de cessation de paiement : 22/04/2024 |
22-04-2024 → 27-04-2026 |
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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. Of 832 companies in sector 93127 we hold annual accounts for 198. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
93127Equestrian clubs
93129Activities of other sports clubs
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.