Stussen
ActiveSummary
Stussen has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €792,662 and a net result of €341,636. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+36
Solvency33▼-30
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.22 in 2023; short-term debt: 10.3% and cash: 0.8% of total assets), but 92.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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 2024Solvency, return and age of the figures
Solvency
7.9%
Return on assets
3.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 935 sector peers (2024).
NBB · sector comparisonPosition among 935 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €792,662
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
37 d early
2022
54 d early
2021
25 d late
2020
37 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.1m▼ 39.0%
2022 · €1.8m
EBIT margin
0.2%▼ 25.7pp
2022 · 26.0%
Net result
€341,636
2023 · -€4,130
Working capital
€661,356▲ 318%
2023 · €158,071
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€360,000▲ 150%€360,000=€1.8m▲ 403%€1.1m▼ 39.0%
Operating result€151,308▲ 244%€103,896▼ 31.3%€470,385▲ 353%€2,730▼ 99.4%€347,708▲ 12,635%
Net result€111,298▲ 231%€74,490▼ 33.1%€332,696▲ 347%-€4,130€341,636
EBIT margin42.0%▲ 11.4pp28.9%▼ 13.2pp26.0%▼ 2.9pp0.2%▼ 25.7pp
Equity€47,970▲ 6.0%€122,460▲ 155%€455,156▲ 272%€451,026▼ 0.9%€792,662▲ 75.7%
Total assets€226,570▲ 172%€367,909▲ 62.4%€1.1m▲ 187%€1.2m▲ 11.2%€10.1m▲ 757%
Debt€178,600▲ 368%€245,448▲ 37.4%€600,818▲ 145%€723,163▲ 20.4%€9.3m▲ 1,181%
Working capital€19,755▼ 56.3%€75,840▲ 284%€182,154▲ 140%€158,071▼ 13.2%€661,356▲ 318%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Turnover +403%, Net result +347% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 12,635% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.1m
Fixed assets
€8.4m ▲ 2,754%
Current assets
€1.7m ▲ 92.7%
Equity and liabilities €10.1m
Equity
€792,662 ▲ 75.7%
Debt
€9.3m ▲ 1,181%
Debt's share of the balance-sheet total rises from 61.6% to 92.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€349,032
Cash flow
€342,959
Current ratio
1.64▲
2023 · 1.22
Debt to equity
11.69▲
2023 · 1.60
ROE
43.1%▲
2023 · -0.9%
ROA
3.4%▲
2023 · -0.4%
Interest coverage
55.92
Debt ≤ 1 year
€1.0m▲
2023 · €723,163
Debt > 1 year
€8.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €360,000 | €360,000 | €1.8m | €1.1m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €264,427 | €1.3m | €1.2m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,323 | - |
| Other operating charges640/8 | - | €908 | €1,619 | €1,708 | €1,234 | ▼ 27.8% |
| Gross operating margin9900 | €152,732 | €104,804 | €472,005 | €4,438 | €350,265 | ▲ 7,792% |
| Operating profit (loss)9901 | €151,308 | €103,896 | €470,385 | €2,730 | €347,708 | ▲ 12,635% |
| Financial income75/76B | - | - | €215 | €163 | €169 | ▲ 3.8% |
| Recurring financial income75 | - | - | €215 | €163 | €169 | ▲ 3.8% |
| Financial charges65/66B | - | €195 | €16,298 | €7,023 | €6,241 | ▼ 11.1% |
| Recurring financial charges65 | €196 | €195 | €16,298 | €7,023 | €6,241 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | €151,113 | €103,701 | €454,303 | -€4,130 | €341,636 | ▲ 8,372% |
| Income taxes67/77 | €39,815 | €29,211 | €121,607 | - | - | - |
| Profit (loss) for the period9904 | €111,298 | €74,490 | €332,696 | -€4,130 | €341,636 | ▲ 8,372% |
| Profit (loss) for the period to be appropriated9905 | €111,298 | €74,490 | €332,696 | -€4,130 | €341,636 | ▲ 8,372% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226,570 | €367,909 | €1.1m | €1.2m | €10.1m | ▲ 757% |
| Fixed assets21/28 | €53,215 | €73,215 | €299,597 | €292,955 | €8.4m | ▲ 2,754% |
| Tangible fixed assets22/27 | - | - | - | - | €8,925 | - |
| Furniture and vehicles24 | - | - | - | - | €8,925 | - |
| Financial fixed assets28 | €53,215 | €73,215 | €299,597 | €292,955 | €8.4m | ▲ 2,751% |
| Current assets29/58 | €173,355 | €294,693 | €756,377 | €881,234 | €1.7m | ▲ 92.7% |
| Amounts receivable after more than one year29 | - | - | €52,311 | €93,121 | - | - |
| Other amounts receivable291 | - | - | €52,311 | €93,121 | - | - |
| Amounts receivable within one year40/41 | €73,154 | €128,023 | €190,587 | €614,769 | €720,659 | ▲ 17.2% |
| Trade receivables40 | - | €83,411 | €161,893 | €407,264 | €235,585 | ▼ 42.2% |
| Other amounts receivable41 | - | €44,612 | €28,694 | €207,506 | €485,074 | ▲ 134% |
| Current investments50/53 | - | - | - | - | €427,432 | - |
| Cash at bank and in hand54/58 | €9,407 | €36,076 | €383,214 | €43,144 | €80,084 | ▲ 85.6% |
| Deferred charges and accrued income490/1 | - | €130,594 | €130,265 | €130,200 | €470,000 | ▲ 261% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226,570 | €367,909 | €1.1m | €1.2m | €10.1m | ▲ 757% |
| Equity10/15 | €47,970 | €122,460 | €455,156 | €451,026 | €792,662 | ▲ 75.7% |
| Contributions10/11 | - | €31,000 | €31,000 | €31,000 | €31,000 | = |
| Reserves13 | €16,970 | €91,460 | €424,156 | €424,156 | €761,662 | ▲ 79.6% |
| Non-distributable reserves130/1 | - | €14,243 | €14,243 | €14,243 | €14,243 | = |
| Reserves not available under the articles1311 | - | €750 | €14,243 | €14,243 | €14,243 | = |
| Other1319 | - | €13,493 | - | - | - | - |
| Distributable reserves133 | - | €77,217 | €409,913 | €409,913 | €747,419 | ▲ 82.3% |
| Profit (loss) carried forward14 | -€19,425 | - | - | -€4,130 | - | - |
| Amounts payable17/49 | €178,600 | €245,448 | €600,818 | €723,163 | €9.3m | ▲ 1,181% |
| Amounts payable after more than one year17 | €25,000 | €26,595 | €26,595 | - | €8.2m | - |
| Financial debts170/4 | - | €26,595 | €26,595 | - | €8.2m | - |
| Amounts payable within one year42/48 | €153,600 | €218,853 | €574,223 | €723,163 | €1.0m | ▲ 43.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €58,885 | €92,000 | ▲ 56.2% |
| Trade debts44 | €5,875 | €190,288 | €447,912 | €662,371 | €570,711 | ▼ 13.8% |
| Suppliers440/4 | - | €190,288 | €447,912 | €662,371 | €570,711 | ▼ 13.8% |
| Taxes, remuneration and social security45 | - | €28,115 | €126,311 | €1,907 | €450 | ▼ 76.4% |
| Taxes450/3 | - | €28,115 | €126,311 | €1,907 | €450 | ▼ 76.4% |
| Other amounts payable47/48 | - | €450 | - | - | €373,658 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111,298 | €74,490 | €332,696 | -€4,130 | €341,636 | ▲ 8,372% |
| + Depreciation and write-downs630 | - | - | - | - | €1,323 | - |
| Operating cash flow (approximation) | €111,298 | €74,490 | €332,696 | -€4,130 | €342,959 | ▲ 8,404% |
| Investment in fixed assets (approximation) | - | -€20,001 | -€226,382 | €6,642 | -€8.1m | ▼ 121,585% |
| Change in cash | - | €26,669 | €347,138 | -€340,070 | €36,940 | ▲ 111% |
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
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 41 days late
2024
31-12
Financial
Back to profitnet €341,636
Net result €341,636 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €792,662 ▲75.7%
Equity rises from €451,026 to €792,662.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€4,130
Net result drops to -€4,130, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €455,156 ▲272%
5 profitable years in a row build equity to €455,156.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Equity above €100,000Eq €122,460 ▲155%
4 profitable years in a row build equity to €122,460.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Liquidity times 659current ratio 2.19
Current ratio from 0.00 to 2.19.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 119 days late
2017
06-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 67 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Antwerpen · 1 establishment unit since 2010
Ground area
212 m²
Building footprint
189 m²
Volume, LiDAR
3,639 m³
Parcel 11803C1190/00T000, Flanders · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 establishment unit
STUSSEN / GLOBAL LOGISTIC AGENCIES
since 20102.197.861.038
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1190/00T000 | Flanders | 212 m² | 1 · 189 m² | 21.2 m · 6 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.
Structure & network
Owners and holdings
5 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 5
-
60%
-
60%
-
50%
-
37%
-
25%
According to the 2024 annual accounts of Stussen and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
GHENT STEVEDORING TERMINAL (G.S.T.)
BE 0418.425.039
Gent · Eq €766,852
DICALITE STORAGE
BE 0445.047.282
Gent · Eq €765,987
ANTWERP LASHING & SECURING
BE 0534.970.440
Beveren-Kruibeke-Zwijndrecht · Eq €826,697
VAN MOER BRUSSELS
BE 0403.467.045
Brussel · Eq €829,004
AUTOMOTIVE CONTRACTORS
BE 0404.805.051
Antwerpen · Eq €847,900
Of 273 companies in sector 52241 we hold annual accounts for 211. 134 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
Founded11-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
52241Warehousing and support activities for transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825835234
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.