STUKADAN
ActiveSummary
STUKADAN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300k and a net result of €32k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 9.01 against 8.93 in 2024; short-term debt: 6.6% and cash: 19% of total assets), and 13.3% of the assets are financed with debt.
Credit check for your own amount and term
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.7%
Return on assets
9.1%
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
2 d early
2023
2 d early
2022
19 d early
2021
39 d early
2020
17 d early
2019
16 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€300k▲ 11.8%
2024 · €269k
2019: €152klowest in 7 years
2020: €165k▲ +8.1% vs 2019
2021: €188k▲ +14.2% vs 2020
2022: €230k▲ +22.1% vs 2021
2023: €236k▲ +2.9% vs 2022
2024: €269k▲ +13.7% vs 2023
2025: €300k▲ +11.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€346k▲ 16.6%
2024 · €297k
2019: €187klowest in 7 years
2020: €225k▲ +20.4% vs 2019
2021: €246k▲ +9.4% vs 2020
2022: €296k▲ +20.5% vs 2021
2023: €270k▼ -8.8% vs 2022
2024: €297k▲ +9.9% vs 2023
2025: €346k▲ +16.6% vs 2024highest in 7 years
2019 → 2025
Net result
€32k▼ 2.6%
2024 · €32k
2019: €9k
2020: €13k▲ +46.9% vs 2019
2021: €28k▲ +115% vs 2020
2022: €57k▲ +103% vs 2021highest in 7 years
2023: €7k▼ -87.2% vs 2022lowest in 7 years
2024: €32k▲ +341% vs 2023
2025: €32k▼ -2.6% vs 2024
2019 → 2025
Working capital
€183k▲ 3.1%
2024 · €178k
2019: €54klowest in 7 years
2020: €66k▲ +22.1% vs 2019
2021: €89k▲ +35.1% vs 2020
2022: €132k▲ +48.7% vs 2021
2023: €140k▲ +6.6% vs 2022
2024: €178k▲ +26.5% vs 2023
2025: €183k▲ +3.1% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€188k-€230k▲ 22.1%€236k▲ 2.9%€269k▲ 13.7%€300k▲ 11.8%
2021: €188klowest in 5 years
2022: €230k▲ +22.1% vs 2021
2023: €236k▲ +2.9% vs 2022
2024: €269k▲ +13.7% vs 2023
2025: €300k▲ +11.8% vs 2024highest in 5 years
Operating result€40k-€75k▲ 88.1%€12k▼ 83.9%€50k▲ 312%€48k▼ 2.7%
2021: €40k
2022: €75k▲ +88.1% vs 2021highest in 5 years
2023: €12k▼ -83.9% vs 2022lowest in 5 years
2024: €50k▲ +312% vs 2023
2025: €48k▼ -2.7% vs 2024
Net result€28k-€57k▲ 103%€7k▼ 87.2%€32k▲ 341%€32k▼ 2.6%
2021: €28k
2022: €57k▲ +103% vs 2021highest in 5 years
2023: €7k▼ -87.2% vs 2022lowest in 5 years
2024: €32k▲ +341% vs 2023
2025: €32k▼ -2.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346k
Fixed assets
€140k ▲ 44.7%
Current assets
€206k ▲ 3.0%
Equity and liabilities €346k
Equity
€300k ▲ 11.8%
Debt
€46k ▲ 62.4%
Debt's share of the balance-sheet total rises from 9.6% to 13.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▼
2024 · €63k
Cash flow
€43k▼
2024 · €46k
Current ratio
9.01▲
2024 · 8.93
Debt to equity
0.15▲
2024 · 0.11
ROE
10.5%▼
2024 · 12.1%
ROA
9.1%▼
2024 · 10.9%
Interest coverage
53.10▲
2024 · 45.80
Debt ≤ 1 year
€23k▲
2024 · €22k
Debt > 1 year
€21k▲
2024 · €4k
Income taxes
€15k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€297k€346k▲
Fixed assets21/28€97k€140k▲
Tangible fixed assets22/27€97k€140k▲
Land and buildings22€89k€81k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€5k€57k▲
Current assets29/58€200k€206k▲
Amounts receivable within one year40/41€137k€139k▲
Trade receivables40€132k€135k▲
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€61k€66k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€297k€346k▲
Equity10/15€269k€300k▲
Contributions10/11€94k€94k=
Reserves13€175k€206k▲
Distributable reserves133€175k€206k▲
Amounts payable17/49€28k€46k▲
Amounts payable after more than one year17€4k€21k▲
Financial debts170/4€4k€21k▲
Amounts payable within one year42/48€22k€23k▲
Current portion of amounts payable after more than one year42€6k€8k▲
Trade debts44€1k€727▼
Suppliers440/4€1k€727▼
Taxes, remuneration and social security45€7k€12k▲
Taxes450/3€6k€11k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€7k€1k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Non-recurring operating income76A-€13k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€11k▼
Other operating charges640/8€904€1k▲
Gross operating margin9900€64k€61k▼
Operating profit (loss)9901€50k€48k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€48k€47k▼
Income taxes67/77€16k€15k▼
Profit (loss) for the period9904€32k€32k▼
Profit (loss) for the period to be appropriated9905€32k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€32k▼
Transfer to equity691/2€32k€32k▼
To other reserves6921€32k€32k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €675 | - | €13k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €13k | €14k | €14k | €11k | ▼ 16.0% |
| Other operating charges640/8 | - | €798 | €999 | €904 | €1k | ▲ 41.0% |
| Gross operating margin9900 | €53k | €88k | €27k | €64k | €61k | ▼ 4.9% |
| Operating profit (loss)9901 | €40k | €75k | €12k | €50k | €48k | ▼ 2.7% |
| Financial income75/76B | - | €15 | €15 | - | - | - |
| Recurring financial income75 | €1 | €15 | €15 | - | - | - |
| Financial charges65/66B | - | €1k | €2k | €1k | €1k | ▼ 18.6% |
| Recurring financial charges65 | €997 | €1k | €2k | €1k | €1k | ▼ 18.6% |
| Profit (loss) for the period before taxes9903 | €39k | €73k | €10k | €48k | €47k | ▼ 2.3% |
| Income taxes67/77 | €10k | €16k | €3k | €16k | €15k | ▼ 1.5% |
| Profit (loss) for the period9904 | €28k | €57k | €7k | €32k | €32k | ▼ 2.6% |
| Profit (loss) for the period to be appropriated9905 | €33k | €57k | €7k | €32k | €32k | ▼ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €246k | €296k | €270k | €297k | €346k | ▲ 16.6% |
| Fixed assets21/28 | €125k | €117k | €108k | €97k | €140k | ▲ 44.7% |
| Tangible fixed assets22/27 | €125k | €117k | €108k | €97k | €140k | ▲ 44.7% |
| Land and buildings22 | - | €105k | €97k | €89k | €81k | ▼ 9.1% |
| Plant, machinery and equipment23 | - | - | €4k | €3k | €2k | ▼ 30.3% |
| Furniture and vehicles24 | - | €12k | €7k | €5k | €57k | ▲ 1,056% |
| Current assets29/58 | €121k | €180k | €163k | €200k | €206k | ▲ 3.0% |
| Amounts receivable within one year40/41 | €56k | €129k | €99k | €137k | €139k | ▲ 1.3% |
| Trade receivables40 | - | €102k | €90k | €132k | €135k | ▲ 2.3% |
| Other amounts receivable41 | - | €26k | €8k | €5k | €3k | ▼ 27.4% |
| Cash at bank and in hand54/58 | €64k | €50k | €62k | €61k | €66k | ▲ 6.8% |
| Deferred charges and accrued income490/1 | - | €851 | €2k | €2k | €2k | ▲ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €246k | €296k | €270k | €297k | €346k | ▲ 16.6% |
| Equity10/15 | €188k | €230k | €236k | €269k | €300k | ▲ 11.8% |
| Contributions10/11 | - | €94k | €94k | €94k | €94k | = |
| Reserves13 | €94k | €136k | €142k | €175k | €206k | ▲ 18.1% |
| Non-distributable reserves130/1 | - | €4k | - | - | - | - |
| Reserves not available under the articles1311 | - | €4k | - | - | - | - |
| Distributable reserves133 | - | €132k | €142k | €175k | €206k | ▲ 18.1% |
| Amounts payable17/49 | €58k | €67k | €34k | €28k | €46k | ▲ 62.4% |
| Amounts payable after more than one year17 | €25k | €18k | €11k | €4k | €21k | ▲ 379% |
| Financial debts170/4 | - | €18k | €11k | €4k | €21k | ▲ 379% |
| Amounts payable within one year42/48 | €32k | €48k | €22k | €22k | €23k | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €6k | €8k | ▲ 33.9% |
| Trade debts44 | €712 | €224 | €2k | €1k | €727 | ▼ 44.6% |
| Suppliers440/4 | - | €224 | €2k | €1k | €727 | ▼ 44.6% |
| Taxes, remuneration and social security45 | - | €15k | €4k | €7k | €12k | ▲ 67.0% |
| Taxes450/3 | - | €14k | €2k | €6k | €11k | ▲ 87.0% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | €25k | €10k | €7k | €1k | ▼ 81.1% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €2k | €2k | ▲ 22.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €57k | €7k | €32k | €32k | ▼ 2.6% |
| + Depreciation and write-downs630 | €12k | €13k | €14k | €14k | €11k | ▼ 16.0% |
| Operating cash flow (approximation) | €41k | €70k | €21k | €46k | €43k | ▼ 6.6% |
| Investment in fixed assets (approximation) | - | €-4k | €-5k | €-3k | €-55k | ▼ 1,822% |
| Change in cash | - | €-14k | €12k | €-997 | €4k | ▲ 518% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €7k ▼87.2%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €57k ▲103%
Operating result €75k, net result €57k, both a record.
30-06
Financial
Equity above €200kEq €230k ▲22.1%
4 profitable years in a row build equity to €230k.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Herk-de-Stad · 1 establishment unit since 2007
Ground area
296 m²
Building footprint
214 m²
Volume, LiDAR
543 m³
Parcel 71012A0403/00R000, Flanders · tallest building 3.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Stukadan
since 20072.161.963.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71012A0403/00R000 | Flanders | 296 m² | 1 · 214 m² | 3.4 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 4,014 companies in sector 43310 we hold annual accounts for 1,746. 1,228 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
Founded05-04-2007
Fiscal year end30-06
Activities, NACEBEL 2025
43310Plastering work
43211General electrical installation work
43331Floor and wall tiling
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.