STUK@
ActiveSummary
STUK@ has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43,209 and a net result of -€10,224. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-73
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 9.52 against 10.58 in 2024; short-term debt: 7.9% and cash: 29.1% of total assets), and 7.9% of the assets are financed with debt.
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Signals
Four 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 →
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 · 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
92.1%
Return on assets
-21.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
on the day
← 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 on the deadline day; 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€43,209▼ 19.1%
2024 · €53,433
Total assets
€46,902▼ 17.9%
2024 · €57,162
Net result
-€10,224
2024 · €1,850
Working capital
€31,472▼ 11.9%
2024 · €35,742
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,403€7,741▼ 60.1%€11,734▲ 51.6%€2,503▼ 78.7%-€9,981
Net result€13,982within the sector's middle half€5,320within the sector's middle half▼ 61.9%€8,928within the sector's middle half▲ 67.8%€1,850within the sector's middle half▼ 79.3%-€10,224below the sector's middle half
Equity€39,334within the sector's middle half▲ 55.2%€43,655within the sector's middle half▲ 11.0%€52,583within the sector's middle half▲ 20.5%€53,433within the sector's middle half▲ 1.6%€43,209within the sector's middle half▼ 19.1%
Total assets€63,499below the sector's middle half▲ 19.1%€46,308below the sector's middle half▼ 27.1%€62,146below the sector's middle half▲ 34.2%€57,162below the sector's middle half▼ 8.0%€46,902below the sector's middle half▼ 17.9%
Debt€24,165▼ 13.5%€2,653▼ 89.0%€9,563▲ 260%€3,729▼ 61.0%€3,693▼ 1.0%
Working capital€29,527within the sector's middle half▲ 113%€43,095within the sector's middle half▲ 46.0%€28,780within the sector's middle half▼ 33.2%€35,742within the sector's middle half▲ 24.2%€31,472within the sector's middle half▼ 11.9%
Solvency61.9%within the sector's middle half▲ 14.4pp94.3%above the sector's middle half▲ 32.3pp84.6%above the sector's middle half▼ 9.7pp93.5%above the sector's middle half▲ 8.9pp92.1%above the sector's middle half▼ 1.3pp
Current ratio3.28above the sector's middle half▲ 1.1617.24above the sector's middle half▲ 13.974.01above the sector's middle half▼ 13.2310.58above the sector's middle half▲ 6.579.52above the sector's middle half▼ 1.06
Return on assets (ROA)22.0%above the sector's middle half▲ 37.7pp11.5%within the sector's middle half▼ 10.5pp14.4%within the sector's middle half▲ 2.9pp3.2%within the sector's middle half▼ 11.1pp-21.8%below the sector's middle half▼ 25.0pp
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 turns negative in 2025: a loss of €9,981 after €2,503 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46,902
Fixed assets
€11,737 ▼ 33.7%
Current assets
€35,165 ▼ 10.9%
Equity and liabilities €46,902
Equity
€43,209 ▼ 19.1%
Debt
€3,693 ▼ 1.0%
Debt's share of the balance-sheet total rises from 6.5% to 7.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,026▼
2024 · €8,614
Cash flow
-€4,269▼
2024 · €7,961
Quick ratio
6.81▼
2024 · 8.17
Debt to equity
0.09▲
2024 · 0.07
ROE
-23.7%▼
2024 · 3.5%
Interest coverage
-42.20▼
2024 · 94.47
Debt ≤ 1 year
€3,693▼
2024 · €3,729
Income taxes
€152▼
2024 · €583
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,815 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,087 | €559 | €2,694 | €6,111 | €5,955 | ▼ 2.6% |
| Other operating charges640/8 | - | €4,192 | €317 | €394 | €186 | ▼ 52.9% |
| Gross operating margin9900 | €25,746 | €12,493 | €14,745 | €9,008 | -€3,840 | ▼ 143% |
| Operating profit (loss)9901 | €19,403 | €7,741 | €11,734 | €2,503 | -€9,981 | ▼ 499% |
| Financial income75/76B | - | - | €21 | €22 | €4 | ▼ 83.2% |
| Recurring financial income75 | - | - | €21 | €22 | €4 | ▼ 83.2% |
| Financial charges65/66B | - | €91 | €99 | €91 | €95 | ▲ 4.6% |
| Recurring financial charges65 | €317 | €91 | €99 | €91 | €95 | ▲ 4.6% |
| Profit (loss) for the period before taxes9903 | €19,086 | €7,650 | €11,656 | €2,434 | -€10,072 | ▼ 514% |
| Income taxes67/77 | €5,104 | €2,330 | €2,728 | €583 | €152 | ▼ 74.0% |
| Profit (loss) for the period9904 | €13,982 | €5,320 | €8,928 | €1,850 | -€10,224 | ▼ 653% |
| Profit (loss) for the period to be appropriated9905 | €13,982 | €5,320 | €8,928 | €1,850 | -€10,224 | ▼ 653% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,499 | €46,308 | €62,146 | €57,162 | €46,902 | ▼ 17.9% |
| Fixed assets21/28 | €20,994 | €559 | €23,803 | €17,692 | €11,737 | ▼ 33.7% |
| Tangible fixed assets22/27 | €20,994 | €559 | €23,803 | €17,692 | €11,737 | ▼ 33.7% |
| Plant, machinery and equipment23 | - | €0 | €11,125 | €8,595 | €6,065 | ▼ 29.4% |
| Furniture and vehicles24 | - | €559 | €12,677 | €9,097 | €5,672 | ▼ 37.6% |
| Leasing and similar rights25 | - | €0 | - | - | - | - |
| Current assets29/58 | €42,505 | €45,749 | €38,343 | €39,471 | €35,165 | ▼ 10.9% |
| Stocks and contracts in progress3 | €0 | €9,000 | €15,000 | €9,000 | €10,000 | ▲ 11.1% |
| Contracts in progress37 | - | €9,000 | €15,000 | €9,000 | €10,000 | ▲ 11.1% |
| Amounts receivable within one year40/41 | €33,838 | €19,097 | €8,235 | €25,212 | €11,501 | ▼ 54.4% |
| Trade receivables40 | - | €15,448 | €6,648 | €20,248 | €6,648 | ▼ 67.2% |
| Other amounts receivable41 | - | €3,649 | €1,587 | €4,964 | €4,853 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €8,667 | €17,652 | €15,109 | €5,259 | €13,664 | ▲ 160% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,499 | €46,308 | €62,146 | €57,162 | €46,902 | ▼ 17.9% |
| Equity10/15 | €39,334 | €43,655 | €52,583 | €53,433 | €43,209 | ▼ 19.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €35,634 | €39,955 | €48,883 | €49,733 | €49,733 | = |
| Non-distributable reserves130/1 | - | €2,500 | €2,500 | €0 | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €2,500 | €0 | - | - |
| Distributable reserves133 | - | €37,455 | €46,383 | €49,733 | €49,733 | = |
| Profit (loss) carried forward14 | -€2,500 | -€2,500 | -€2,500 | -€2,500 | -€12,724 | ▼ 409% |
| Amounts payable17/49 | €24,165 | €2,653 | €9,563 | €3,729 | €3,693 | ▼ 1.0% |
| Amounts payable after more than one year17 | €11,187 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €12,978 | €2,653 | €9,563 | €3,729 | €3,693 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €2,001 | €1,522 | €5,925 | €1,761 | €2,506 | ▲ 42.3% |
| Suppliers440/4 | - | €1,522 | €5,925 | €1,761 | €2,506 | ▲ 42.3% |
| Taxes, remuneration and social security45 | - | €1,125 | €2,193 | €1,526 | €902 | ▼ 40.9% |
| Taxes450/3 | - | €1,125 | €2,193 | €1,526 | €902 | ▼ 40.9% |
| Remuneration and social security454/9 | - | €0 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | - | €7 | €1,444 | €442 | €285 | ▼ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,982 | €5,320 | €8,928 | €1,850 | -€10,224 | ▼ 653% |
| + Depreciation and write-downs630 | €6,087 | €559 | €2,694 | €6,111 | €5,955 | ▼ 2.6% |
| Operating cash flow (approximation) | €20,069 | €5,880 | €11,622 | €7,961 | -€4,269 | ▼ 154% |
| Investment in fixed assets (approximation) | - | €19,875 | -€25,937 | €0 | €0 | - |
| Change in cash | - | €8,985 | -€2,543 | -€9,850 | €8,406 | ▲ 185% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€10,224
Net result drops to -€10,224, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity triplescurrent ratio 10.58
Current ratio from 4.01 to 10.58; short-term debt falls from €9,563 to €3,729.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity times 5current ratio 17.24
Current ratio from 3.28 to 17.24; short-term debt falls from €12,978 to €2,653.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €13,982
Net result €13,982 after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 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, Heist-op-den-Berg · 1 establishment unit since 2009
Ground area
8,100 m²
Building footprint
283 m²
Volume, LiDAR
1,310 m³
Parcel 12017D0154/00E000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
STUK@
since 20092.183.585.113
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017D0154/00E000 | Flanders | 8,100 m² | 1 · 283 m² | 7.6 m · 1 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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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,508 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-11-2009
Fiscal year end30-06
Activities, NACEBEL 2025
43310Plastering work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820949996
Also
9925:BE0820949996
Registered
25-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.