Skip to content

Stûv

Active
Public limited companyfounded 198343 yrs activeRue Jules Borbouse(B.V.) 4, 5170 Profondeville, BelgiumKBO/BCE: BE 0423.958.294
Summary

Stûv has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.8m and a net result of -€1.1m. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 2075 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability13▼-43
Solvency98▼-2
Growth50▼-18
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650,000 at 30 days acceptable
Liquidity ample (current ratio 2.88 against 3.63 in 2024; short-term debt: 26.2% and cash: 1.4% of total assets), and 27.1% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Eight 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 43 years 0 50 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
72.9%
Return on assets
-6.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 d early
2024
31 d early
2023
2 d early
2022
39 d early
2021
17 d early
2020
24 d early
2019
60 d late
← 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 11 days before the deadline; 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 April 1983, Stûv was incorporated.1 Revenue went from EUR 18 million in 2018 to EUR 24 million in 2025 and headcount from 100 to 96.2 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

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 2025, full schema

Turnover
€23.8m▼ 3.7%
2024 · €24.7m
EBIT margin
-4.2%▼ 4.2pp
2024 · 0.0%
Net result
-€1.1m▼ 29,480%
2024 · -€3,581
Working capital
€8.0m▼ 12.9%
2024 · €9.2m
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
Turnover€26.4m▲ 46.0%€34.3m▲ 29.5%€41.0m▲ 19.7%€24.7m▼ 39.8%€23.8m▼ 3.7%
Operating result€3.2m▲ 1,006%€5.7m▲ 79.1%€7.4m▲ 29.7%-€710-€999,691▼ 140,670%
Net result€2.6mabove the sector's middle half▲ 867%€4.4mabove the sector's middle half▲ 71.1%€5.9mabove the sector's middle half▲ 34.1%-€3,581below the sector's middle half-€1.1mbelow the sector's middle half▼ 29,480%
EBIT margin12.0%▲ 10.4pp16.6%▲ 4.6pp18.0%▲ 1.4pp0.0%▼ 18.0pp-4.2%▼ 4.2pp
Equity€5.9mabove the sector's middle half▲ 20.5%€8.8mabove the sector's middle half▲ 48.8%€12.9mabove the sector's middle half▲ 46.0%€12.9mabove the sector's middle half=€11.8mabove the sector's middle half▼ 8.2%
Total assets€13.4mabove the sector's middle half▲ 9.5%€16.0mabove the sector's middle half▲ 20.2%€19.9mabove the sector's middle half▲ 24.3%€16.7mabove the sector's middle half▼ 16.0%€16.2mabove the sector's middle half▼ 3.0%
Debt€7.3m▲ 2.1%€7.1m▼ 2.8%€6.8m▼ 2.9%€3.8m▼ 44.9%€4.3m▲ 15.2%
Working capital€6.0mabove the sector's middle half▲ 14.3%€8.5mabove the sector's middle half▲ 42.5%€11.0mabove the sector's middle half▲ 29.3%€9.2mabove the sector's middle half▼ 16.1%€8.0mabove the sector's middle half▼ 12.9%
Solvency44.5%within the sector's middle half▲ 4.1pp55.1%within the sector's middle half▲ 10.6pp64.7%above the sector's middle half▲ 9.6pp77.0%above the sector's middle half▲ 12.3pp72.9%above the sector's middle half▼ 4.2pp
Current ratio1.96within the sector's middle half▲ 0.072.34within the sector's middle half▲ 0.382.72above the sector's middle half▲ 0.383.63above the sector's middle half▲ 0.912.88above the sector's middle half▼ 0.74
Return on assets (ROA)19.3%above the sector's middle half▲ 17.1pp27.4%above the sector's middle half▲ 8.2pp29.6%above the sector's middle half▲ 2.2pp0.0%below the sector's middle half▼ 29.6pp-6.5%below the sector's middle half▼ 6.5pp
Staff (FTE)88.4above the sector's middle half▲ 2.8%89.1above the sector's middle half▲ 0.8%93.5above the sector's middle half▲ 4.9%96.7above the sector's middle half▲ 3.4%96.2above the sector's middle half▼ 0.5%
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.
Result per fiscal year
Operating resultNet result
-€2.5m€0€2.5m€5.0m€7.5mOperating result 2021: €3.2m€3.2mNet result 2021: €2.6m€2.6mOperating result 2022: €5.7m€5.7mNet result 2022: €4.4m€4.4mOperating result 2023: €7.4m€7.4mNet result 2023: €5.9m€5.9mOperating result 2024: -€710-€710Net result 2024: -€3,581-€3,581Operating result 2025: -€999,691-€999,691Net result 2025: -€1.1m-€1.1m20212022202320242025-€2.5m€0€2.5m€5m€7.5mOperating result 2023: €7.4m€7.4mNet result 2023: €5.9m€5.9mOperating result 2024: -€710-€710Net result 2024: -€3,581-€3,580Operating result 2025: -€999,691-€1mNet result 2025: -€1.1m-€1.1m202320242025
The operating result stays negative: a loss of €999,691 in 2025 against €710 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.2m
Fixed assets €4.0m ▼ 1.5%
Current assets €12.3m ▼ 3.4%
Equity and liabilities €16.2m
Equity €11.8m ▼ 8.2%
Provisions €62,971 ▼ 13.8%
Debt €4.3m ▲ 15.2%
Debt's share of the balance-sheet total rises from 22.5% to 26.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€176,251▼
2024 · €613,160
Cash flow
-€235,778▼
2024 · €610,289
Quick ratio
1.82▼
2024 · 2.15
Debt to equity
0.37▲
2024 · 0.29
ROE
-8.9%▼
2024 · 0.0%
Interest coverage
-2.29▼
2024 · 9.84
Debt ≤ 1 year
€4.3m▲
2024 · €3.5m
Debt > 1 year
€78,143▼
2024 · €257,097
Income taxes
€6,489▼
2024 · €6,709
Staff costs
€5.2m▼
2024 · €5.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 825 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
2.8% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 825 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 89 lines
Balance sheet Code20242025
Assets
Total assets20/58€16.7m€16.2m▼
Fixed assets21/28€4.0m€4.0m▼
Intangible fixed assets21€260,038€1.2m▲
Tangible fixed assets22/27€3.8m€2.8m▼
Plant, machinery and equipment23€2.3m€2.1m▼
Furniture and vehicles24€338,851€299,213▼
Leasing and similar rights25€139,976€118,563▼
Assets under construction and advance payments27€959,648€292,183▼
Current assets29/58€12.7m€12.3m▼
Amounts receivable after more than one year29€700,000€600,000▼
Other amounts receivable291€700,000€600,000▼
Stocks and contracts in progress3€5.2m€4.5m▼
Stocks30/36€5.2m€4.5m▼
Raw materials and consumables30/31€3.0m€2.7m▼
Work in progress32€153,038€90,992▼
Finished goods33€1.9m€1.6m▼
Goods purchased for resale34€120,642€133,938▲
Amounts receivable within one year40/41€5.6m€6.7m▲
Trade receivables40€4.8m€6.3m▲
Other amounts receivable41€734,041€362,086▼
Cash at bank and in hand54/58€1.0m€220,437▼
Deferred charges and accrued income490/1€244,056€223,849▼
Equity and liabilities
Total equity and liabilities10/49€16.7m€16.2m▼
Equity10/15€12.9m€11.8m▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€6.1m€6.1m=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Tax-exempt reserves132€2.9m€1.7m▼
Distributable reserves133€3.3m€4.5m▲
Profit (loss) carried forward14€6.7m€5.6m▼
Investment grants15€12,243€11,145▼
Provisions and deferred taxes16€73,090€62,971▼
Provisions for liabilities and charges160/5€73,090€62,971▼
Other liabilities and charges164/5€73,090€62,971▼
Amounts payable17/49€3.8m€4.3m▲
Amounts payable after more than one year17€257,097€78,143▼
Financial debts170/4€257,097€78,143▼
Leasing and similar obligations172€23,684-
Credit institutions173€233,413€78,143▼
Amounts payable within one year42/48€3.5m€4.3m▲
Current portion of amounts payable after more than one year42€208,074€561,368▲
Financial debts43-€220,000
Credit institutions430/8-€220,000
Trade debts44€2.2m€2.4m▲
Suppliers440/4€2.2m€2.4m▲
Taxes, remuneration and social security45€811,477€770,131▼
Taxes450/3€131,702€104,165▼
Remuneration and social security454/9€679,775€665,966▼
Other amounts payable47/48€290,247€312,334▲
Accrued charges and deferred income492/3€14,244€13,625▼
Income statement Code20242025
Operating income70/76A€25.8m€24.4m▼
Turnover70€24.7m€23.8m▼
Change in stocks of work in progress, finished goods and contracts in progress71€407,721-€393,530▼
Other operating income74€684,653€968,055▲
Non-recurring operating income76A€15,314€722▼
Operating charges60/66A€25.8m€25.4m▼
Goods for resale, raw materials and consumables60€13.1m€12.2m▼
Purchases600/8€12.9m€12.0m▼
Change in stocks: decrease (increase)609€184,848€262,139▲
Services and other goods61€6.5m€7.0m▲
Remuneration, social security and pensions62€5.5m€5.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€613,870€823,441▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15,523-€6,553▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€112,795-€10,119▲
Other operating charges640/8€84,542€86,246▲
Non-recurring operating charges66A€151,976-
Operating profit (loss)9901-€710-€999,691▼
Financial income75/76B€97,869€72,179▼
Recurring financial income75€97,869€72,179▼
Income from current assets751€70,950€35,104▼
Other financial income752/9€26,919€37,075▲
Financial charges65/66B€94,030€125,217▲
Recurring financial charges65€94,030€125,217▲
Debt charges650€62,291€76,928▲
Other financial charges652/9€31,739€48,289▲
Profit (loss) for the period before taxes9903€3,128-€1.1m▼
Income taxes67/77€6,709€6,489▼
Taxes670/3€6,709€6,489▼
Profit (loss) for the period9904-€3,581-€1.1m▼
Transfer from tax-exempt reserves789-€1.2m
Profit (loss) for the period to be appropriated9905-€3,581€109,057▲
Appropriation of the result
Profit (loss) to be appropriated9906€6.7m€6.8m▲
Profit (loss) brought forward from the previous period14P€6.7m€6.7m▼
Transfer to equity691/2-€1.2m
To other reserves6921-€1.2m
Social balance
Average headcount (FTE)908796.796.2▼

The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€26.4m€34.4m€41.3m€25.8m€24.4m▼ 5.6%
Turnover70€26.4m€34.3m€41.0m€24.7m€23.8m▼ 3.7%
Change in stocks of work in progress, finished goods and contracts in progress71-€561,360-€759,556-€334,499€407,721-€393,530▼ 197%
Other operating income74€468,485€867,361€595,169€684,653€968,055▲ 41.4%
Non-recurring operating income76A€6,650€5,779€5,718€15,314€722▼ 95.3%
Operating charges60/66A€23.2m€28.7m€33.9m€25.8m€25.4m▼ 1.7%
Goods for resale, raw materials and consumables60€12.8m€17.2m€20.1m€13.1m€12.2m▼ 6.7%
Purchases600/8€13.7m€18.4m€21.7m€12.9m€12.0m▼ 7.4%
Change in stocks: decrease (increase)609-€873,870-€1.2m-€1.6m€184,848€262,139▲ 41.8%
Services and other goods61€4.6m€5.6m€7.4m€6.5m€7.0m▲ 8.0%
Remuneration, social security and pensions62€5.3m€5.4m€5.8m€5.5m€5.2m▼ 4.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€445,444€428,461€438,745€613,870€823,441▲ 34.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€16,750-€22,511€29,071€15,523-€6,553▼ 142%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€945-€5,453€34,446-€112,795-€10,119▲ 91.0%
Other operating charges640/8€77,515€76,687€84,144€84,542€86,246▲ 2.0%
Non-recurring operating charges66A€325-€1,221€151,976--
Operating profit (loss)9901€3.2m€5.7m€7.4m-€710-€999,691▼ 140,670%
Financial income75/76B€82,387€91,807€187,456€97,869€72,179▼ 26.2%
Recurring financial income75€82,387€91,807€187,456€97,869€72,179▼ 26.2%
Income from current assets751€34,868€31,868€88,849€70,950€35,104▼ 50.5%
Other financial income752/9€47,519€59,939€98,607€26,919€37,075▲ 37.7%
Non-recurring financial income76B€0-----
Financial charges65/66B€81,533€107,224€109,671€94,030€125,217▲ 33.2%
Recurring financial charges65€81,533€107,224€109,671€94,030€125,217▲ 33.2%
Debt charges650€50,929€47,159€54,901€62,291€76,928▲ 23.5%
Other financial charges652/9€30,604€60,064€54,769€31,739€48,289▲ 52.1%
Profit (loss) for the period before taxes9903€3.2m€5.7m€7.5m€3,128-€1.1m▼ 33,750%
Transfer from deferred taxes780€3,199€1,811----
Income taxes67/77€613,280€1.3m€1.6m€6,709€6,489▼ 3.3%
Taxes670/3€613,280€1.3m€1.6m€6,709€6,489▼ 3.3%
Tax adjustments and reversals of tax provisions77€0-€38,327---
Profit (loss) for the period9904€2.6m€4.4m€5.9m-€3,581-€1.1m▼ 29,480%
Transfer from tax-exempt reserves789€0---€1.2m-
Transfer to tax-exempt reserves689€1.0m€842,000€999,875---
Profit (loss) for the period to be appropriated9905€1.6m€3.6m€4.9m-€3,581€109,057▲ 3,146%
Line20212022202320242025Change
Assets
Total assets20/58€13.4m€16.0m€19.9m€16.7m€16.2m▼ 3.0%
Fixed assets21/28€1.2m€1.3m€2.6m€4.0m€4.0m▼ 1.5%
Intangible fixed assets21€282,135€258,531€272,618€260,038€1.2m▲ 361%
Tangible fixed assets22/27€933,410€995,055€2.3m€3.8m€2.8m▼ 26.4%
Land and buildings22€1,148€833€518---
Plant, machinery and equipment23€449,083€450,789€606,134€2.3m€2.1m▼ 11.5%
Furniture and vehicles24€223,168€265,404€355,874€338,851€299,213▼ 11.7%
Leasing and similar rights25€204,215€182,802€161,389€139,976€118,563▼ 15.3%
Assets under construction and advance payments27€55,796€95,227€1.2m€959,648€292,183▼ 69.6%
Current assets29/58€12.1m€14.8m€17.3m€12.7m€12.3m▼ 3.4%
Amounts receivable after more than one year29€1.0m€900,000€800,000€700,000€600,000▼ 14.3%
Other amounts receivable291€1.0m€900,000€800,000€700,000€600,000▼ 14.3%
Stocks and contracts in progress3€3.3m€3.7m€5.0m€5.2m€4.5m▼ 12.3%
Stocks30/36€3.3m€3.7m€5.0m€5.2m€4.5m▼ 12.3%
Raw materials and consumables30/31€1.8m€2.6m€3.5m€3.0m€2.7m▼ 9.7%
Work in progress32€27,620€74,779€105,438€153,038€90,992▼ 40.5%
Finished goods33€1.3m€965,835€1.2m€1.9m€1.6m▼ 15.8%
Goods purchased for resale34€92,316€119,916€119,858€120,642€133,938▲ 11.0%
Amounts receivable within one year40/41€6.5m€7.9m€9.2m€5.6m€6.7m▲ 20.4%
Trade receivables40€5.9m€7.5m€8.3m€4.8m€6.3m▲ 31.2%
Other amounts receivable41€560,031€400,576€959,589€734,041€362,086▼ 50.7%
Cash at bank and in hand54/58€1.1m€2.2m€2.3m€1.0m€220,437▼ 78.6%
Deferred charges and accrued income490/1€229,540€68,657€76,767€244,056€223,849▼ 8.3%
Equity and liabilities
Total equity and liabilities10/49€13.4m€16.0m€19.9m€16.7m€16.2m▼ 3.0%
Equity10/15€5.9m€8.8m€12.9m€12.9m€11.8m▼ 8.2%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€4.3m€5.1m€6.1m€6.1m€6.1m=
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Tax-exempt reserves132€1.0m€1.9m€2.9m€2.9m€1.7m▼ 41.0%
Distributable reserves133€3.3m€3.3m€3.3m€3.3m€4.5m▲ 35.6%
Profit (loss) carried forward14€1.6m€3.6m€6.7m€6.7m€5.6m▼ 15.9%
Investment grants15€22,001€16,043€13,616€12,243€11,145▼ 9.0%
Provisions and deferred taxes16€158,703€151,439€185,885€73,090€62,971▼ 13.8%
Provisions for liabilities and charges160/5€156,892€151,439€185,885€73,090€62,971▼ 13.8%
Other liabilities and charges164/5€156,892€151,439€185,885€73,090€62,971▼ 13.8%
Deferred taxes168€1,811-----
Amounts payable17/49€7.3m€7.1m€6.8m€3.8m€4.3m▲ 15.2%
Amounts payable after more than one year17€1.1m€725,680€465,170€257,097€78,143▼ 69.6%
Financial debts170/4€1.1m€725,680€465,170€257,097€78,143▼ 69.6%
Leasing and similar obligations172€151,330€109,086€66,538€23,684--
Credit institutions173€908,943€616,594€398,632€233,413€78,143▼ 66.5%
Amounts payable within one year42/48€6.2m€6.3m€6.4m€3.5m€4.3m▲ 21.5%
Current portion of amounts payable after more than one year42€934,875€334,592€260,510€208,074€561,368▲ 170%
Financial debts43€0---€220,000-
Credit institutions430/8€0---€220,000-
Trade debts44€2.6m€2.8m€2.9m€2.2m€2.4m▲ 9.1%
Suppliers440/4€2.6m€2.8m€2.9m€2.2m€2.4m▲ 9.1%
Taxes, remuneration and social security45€802,989€1.2m€900,129€811,477€770,131▼ 5.1%
Taxes450/3€121,672€418,808€135,158€131,702€104,165▼ 20.9%
Remuneration and social security454/9€681,317€814,214€764,971€679,775€665,966▼ 2.0%
Other amounts payable47/48€1.8m€1.9m€2.3m€290,247€312,334▲ 7.6%
Accrued charges and deferred income492/3€11,484€17,767€8,380€14,244€13,625▼ 4.4%
Line20212022202320242025Change
Profit (loss) for the period9904€2.6m€4.4m€5.9m-€3,581-€1.1m▼ 29,480%
+ Depreciation and write-downs630€445,444€428,461€438,745€613,870€823,441▲ 34.1%
Operating cash flow (approximation)€3.0m€4.8m€6.3m€610,289-€235,778▼ 139%
Investment in fixed assets (approximation)--€466,503-€1.8m-€2.1m-€762,940▲ 63.0%
Change in cash-€1.1m€58,345-€1.2m-€811,482▲ 34.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
29-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €5.9m ▲34.1%
Operating result €7.4m, net result €5.9m, both a record.
31-12
Financial Equity above €10mEq €12.9m ▲46%
5 profitable years in a row build equity to €12.9m.
22-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Equity above €5mEq €5.9m ▲20.5%
3 profitable years in a row build equity to €5.9m.
07-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
29-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
31-12
Financial Back to profitnet €263,577
Net result €263,577 after one loss-making year.
Show earlier events
31-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts

We know of 13 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
13 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, Profondeville · 2 establishment units since 1983
seat establishment approximate All 2 establishment units on the map
Ground area
5,585 m²
Building footprint
1,340 m²
Volume, LiDAR
7,384 m³
2 parcels, Wallonia · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
STUV SA
Rue Jules Borbouse(B.V.) 4, 5170 ProfondevilleManufacture of machinery and equipment not elsewhere classified
since 19832.022.237.093
CONCEPT ET FORME SA
Rue Riverre 10-12, 5150 FloreffeManufacture of machinery and equipment not elsewhere classified
since 20082.173.695.962
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92045A0810/00D000 Wallonia 5,089 m² 1 · 1,218 m² 11.2 m · 2 fl.
92014C0954/00A002 Wallonia 496 m² 1 · 121 m² 8.5 m · 2 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. IM'HO 63.61%
  2. CONCEPT & FORME DEVELOPPEMENTS 100%
  3. Stûv

Highest known parent: IM'HO. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Public money · subsidies and aid

European research

3 projects · 590,647 EUR EU contribution
Programmes
2 entries · 590,647 EUR
Projects
Clean Air Technology for Biomass Combustion Systems (BioCAT)
Seventh Framework Programme · participant · 01-11-2011 to 31-10-2013 · 333,062 EUR · BIOCAT
Advanced Testing Methods for Better Real Life Performance of Biomass Room Heating Appliances
Seventh Framework Programme · participant · 01-10-2013 to 30-09-2016 · 257,585 EUR · BEREAL
PeeRing into the mechanIsm of synthesis of Metal Oxides Nanoparticles using PLANTS
Horizon Europe · associated partner · 01-03-2025 to 28-02-2027 · PRIMONPLANTS

Recognitions · licences · registrations

Legal Entity Identifier

549300VGCH1NSQAB7X31
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 499 companies in sector 43223 we hold annual accounts for 116. 4 are within a factor 10 of this equity. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded15-04-1983
Fiscal year end31-12
Activities, NACEBEL 2025
27520Manufacture of electrical equipment
43223Specialised construction activities
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID 0208:0423958294
Registered 06-01-2026

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.