Equity
€394,908 ▼ 12.6%
STUPA paid out €72,600 in dividends. That is 464% of the 2025 profit.
STUPA
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €837,374 (2018)
€781,174▼ 2.7%
lowest -€105,757 (2023)
€15,658▼ 73.9%
peak €751,723 (2021)
€394,908▼ 12.6%
€421,796▲ 111%
peak 21.8 FTE (2018)
13.7 FTE▲ 0.7%
Board2 names since 1999
2 directorsPINTELON IGNACE and 1 other
Documentsfilings and deeds
14-10-202675 days late
2025abbreviated format
Result from €59,950 to €15,658Dividend €72,600Equity from €451,850 to €394,908Debts from €200,116 to €421,796Investments €165,900
Key points
from the 2025 annual accountsTurnover
≈ €1.9m estimated
The abbreviated format states no turnover.
Debts
€421,796 ▲ 111%
Debts rose by €221,680 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€165,900 5.7 × depreciation
Green is investment, beige is depreciation. Machinery stands 76.2% higher than in 2024.
Staff
13.7 FTE from 21.8 in 2018
Between 2018 and 2025, 37% of the full-time equivalents disappeared.
Filings
26 annual accounts 75 days
Latest accounts filed late: after the legal deadline.
Checked score
70
Healthy
Financially stronger than 54% of small companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 1,614 companies (NACE 56, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.0%● unchanged vs 03-2025
05-2025: 1.9%▼ -0.1 percentage points vs 04-2025
06-2025: 1.7%▼ -0.2 percentage points vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 1.8%▲ +0.1 percentage points vs 07-2025
09-2025: 1.8%● unchanged vs 08-2025
10-2025: 2.2%▲ +0.4 percentage points vs 09-2025highest value
11-2025: 0.3%▼ -1.9 percentage points vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 75 days late; 3 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
lowers risk
Liquidity: current ratio 1.44, cash €219,976
Founded in 1999
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, small). It does better than 74% of them on solvency, 67% on liquidity, 49% on profitability and 27% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as STUPA has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of STUPA itself is higher: 0.6% within 12 months. It rests on far more data about STUPA than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for STUPA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.44 (2.89 in 2024), below the usual 1.5. Short-term debt is 51.6% and cash 26.9% of total assets. 51.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 75 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-10-2026, 75 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
75 days late
2024
61 days late
2023
113 days late
2022
70 days late
2021
78 days late
2020
116 days late
2019
115 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 90 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PI
PINTELON IGNACE
Director, since 12-10-1999
DV
Dedeckel Valérie
Director, since 01-01-2016
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0467037677
New establishment in Bruges
Hotel 't keizershof, Oostmeers 126
First establishment
DE STOEPA, Oostmeers 124, Bruges
Incorporation
published on 21-10-1999 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as STUPA: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €652,000 and €1.1m, founded between 1992 and 2001.
Official details
Source: KBO- Status
- Active since 12-10-1999Normal situation
- Activity
- Cafés and barsNACE 56301and 1 other
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment units
- 2.092.601.5868000 Bruges, since 25-10-1999
- 2.232.005.0388000 Bruges, since 01-07-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Annual accounts 2025
- €816,704▲ 25.3%
- Employeeson 31-12-2025
- 13▲ 18.2%
- Filing
- Filed on 14-10-2026
Insights on STUPA
STUPA files the abbreviated format. That format states no turnover. The gross margin rose from €279,252 in 2006 to €781,174 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STUPA
- What is the company number of STUPA?
- The company number of STUPA is 0467.037.677. The VAT number is the same number with BE in front: BE 0467.037.677.
- Where is STUPA based?
- The registered office is at Oostmeers 124, 8000 Bruges.Company details
- What does STUPA do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of STUPA?
- STUPA is a private limited company (pre-2019) (BVBA).
- When was STUPA founded?
- STUPA was founded on 12-10-1999.
- Is STUPA still active?
- Yes, STUPA is an active enterprise in the KBO register.
- How many employees does STUPA have?
- STUPA had an average of 13.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does STUPA fall under?
- In its 2025 annual accounts, STUPA states joint committee 302 (Hotels and catering).
- What is the turnover of STUPA?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €781,174 and 82 comparable companies (NACE 56). It probably lies between €1.7m and €2.4m.
- Is STUPA profitable?
- In financial year 2025, STUPA made a profit of €15,658.
- Where can I find the annual accounts of STUPA?
- STUPA filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STUPA due?
- STUPA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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