Stut
ActiveSummary
Stut has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €4k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60=
Solvency38▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.09 in 2024; short-term debt: 27.6% and cash: 2.8% of total assets), and 87.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 02-12-2025, 60 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
60 d early
2024
59 d early
2023
56 d early
2022
47 d early
2021
23 d early
2020
52 d early
2019
39 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
€41k▲ 10.0%
2024 · €38k
Total assets
€320k▼ 3.5%
2024 · €331k
Net result
€4k▼ 3.3%
2024 · €4k
Working capital
€-74k▲ 6.4%
2024 · €-79k
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
Line20212022202320242025
Operating result€-2k€16k€28k▲ 83.3%€13k▼ 53.2%€13k▲ 0.9%
Net result€-8k▼ 265%€10k€15k▲ 54.9%€4k▼ 73.9%€4k▼ 3.3%
Equity€9k▼ 47.2%€19k▲ 104%€34k▲ 78.9%€38k▲ 11.5%€41k▲ 10.0%
Total assets€343k▼ 2.6%€339k▼ 1.1%€350k▲ 3.4%€331k▼ 5.4%€320k▼ 3.5%
Debt€333k▼ 0.3%€320k▼ 4.0%€316k▼ 1.1%€294k▼ 7.2%€278k▼ 5.2%
Working capital€-69k▼ 15.6%€-74k▼ 6.9%€-86k▼ 15.6%€-79k▲ 7.6%€-74k▲ 6.4%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320k
Fixed assets
€306k ▼ 5.5%
Current assets
€14k ▲ 84.5%
Equity and liabilities €320k
Equity
€41k ▲ 10.0%
Debt
€278k ▼ 5.2%
Debt's share of the balance-sheet total falls from 88.6% to 87.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2024 · €37k
Cash flow
€28k▲
2024 · €28k
Current ratio
0.16▲
2024 · 0.09
Debt to equity
6.73▼
2024 · 7.80
ROE
9.1%▼
2024 · 10.3%
ROA
1.2%▲
2024 · 1.2%
Interest coverage
4.83▲
2024 · 4.78
Debt ≤ 1 year
€88k▲
2024 · €87k
Debt > 1 year
€189k▼
2024 · €206k
Income taxes
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €13k | €19k | €24k | €24k | ▲ 3.2% |
| Other operating charges640/8 | - | €5k | €4k | €4k | €7k | ▲ 79.2% |
| Gross operating margin9900 | €15k | €33k | €52k | €41k | €45k | ▲ 9.9% |
| Operating profit (loss)9901 | €-2k | €16k | €28k | €13k | €13k | ▲ 0.9% |
| Financial income75/76B | - | €138 | €3 | €158 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €138 | €3 | €158 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €6k | €7k | €8k | €8k | ▲ 1.2% |
| Recurring financial charges65 | €6k | €6k | €7k | €8k | €8k | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €-8k | €10k | €22k | €6k | €6k | ▼ 2.4% |
| Income taxes67/77 | - | - | €7k | €2k | €2k | ▼ 0.5% |
| Profit (loss) for the period9904 | €-8k | €10k | €15k | €4k | €4k | ▼ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €-8k | €10k | €15k | €4k | €4k | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €343k | €339k | €350k | €331k | €320k | ▼ 3.5% |
| Fixed assets21/28 | €332k | €331k | €342k | €324k | €306k | ▼ 5.5% |
| Tangible fixed assets22/27 | €332k | €331k | €342k | €323k | €305k | ▼ 5.6% |
| Land and buildings22 | - | €331k | €309k | €295k | €281k | ▼ 4.7% |
| Plant, machinery and equipment23 | - | - | €11k | €12k | €14k | ▲ 16.8% |
| Furniture and vehicles24 | - | - | €21k | €16k | €10k | ▼ 36.5% |
| Financial fixed assets28 | €30 | €30 | €30 | €170 | €170 | = |
| Current assets29/58 | €10k | €8k | €8k | €8k | €14k | ▲ 84.5% |
| Amounts receivable within one year40/41 | €4k | €1k | €1k | €6k | €4k | ▼ 34.3% |
| Trade receivables40 | - | - | - | - | €330 | - |
| Other amounts receivable41 | - | €1k | €1k | €6k | €3k | ▼ 40.3% |
| Cash at bank and in hand54/58 | €6k | €6k | €6k | €941 | €9k | ▲ 856% |
| Deferred charges and accrued income490/1 | - | €159 | €1k | €1k | €1k | ▲ 25.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €343k | €339k | €350k | €331k | €320k | ▼ 3.5% |
| Equity10/15 | €9k | €19k | €34k | €38k | €41k | ▲ 10.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €1k | €1k | €15k | €19k | €23k | ▲ 19.8% |
| Non-distributable reserves130/1 | - | €1k | - | - | - | - |
| Reserves not available under the articles1311 | - | €1k | - | - | - | - |
| Distributable reserves133 | - | - | €15k | €19k | €23k | ▲ 19.8% |
| Profit (loss) carried forward14 | €-11k | €-934 | - | - | - | - |
| Amounts payable17/49 | €333k | €320k | €316k | €294k | €278k | ▼ 5.2% |
| Amounts payable after more than one year17 | €254k | €238k | €222k | €206k | €189k | ▼ 8.1% |
| Financial debts170/4 | - | €238k | €222k | €206k | €189k | ▼ 8.1% |
| Other amounts payable178/9 | - | €153 | €153 | - | - | - |
| Amounts payable within one year42/48 | €80k | €82k | €94k | €87k | €88k | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | - | €16k | €16k | €16k | €17k | ▲ 2.3% |
| Trade debts44 | €2k | €4k | €4k | €790 | €1k | ▲ 58.6% |
| Suppliers440/4 | - | €4k | €4k | €790 | €1k | ▲ 58.6% |
| Taxes, remuneration and social security45 | - | - | €7k | €926 | €54 | ▼ 94.1% |
| Taxes450/3 | - | - | €7k | €926 | €54 | ▼ 94.1% |
| Other amounts payable47/48 | - | €62k | €67k | €69k | €70k | ▲ 2.1% |
| Accrued charges and deferred income492/3 | - | - | - | €980 | €980 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-8k | €10k | €15k | €4k | €4k | ▼ 3.3% |
| + Depreciation and write-downs630 | €14k | €13k | €19k | €24k | €24k | ▲ 3.2% |
| Operating cash flow (approximation) | €6k | €23k | €34k | €28k | €28k | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | €-12k | €-30k | €-6k | €-7k | ▼ 16.7% |
| Change in cash | - | €552 | €-340 | €-5k | €8k | ▲ 261% |
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
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €15k ▲54.9%
Operating result €28k, net result €15k, both a record.
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
08-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Antwerpen · 1 establishment unit since 2017
Ground area
6,400 m²
Building footprint
496 m²
Volume, LiDAR
3,035 m³
2 parcels, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S-BUILDINGS
since 20172.264.380.074
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392G0156/00C000 | Flanders | 6,044 m² | 1 · 140 m² | 8.1 m · 2 fl. |
| 11302A0047/00Y006 | Flanders | 356 m² | 1 · 356 m² | 8.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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NEOS
BE 0800.579.206
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TF Logistics
BE 1007.696.772
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New Stop
BE 0419.365.642
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EBEN & ASSOCIATE
BE 0733.506.773
Sint-Pieters-Leeuw · Eq €41,732
Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 2,881 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
Founded11-05-2017
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.