STW
ActiveSTW has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301k and a net result of €682. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 668 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
87
/ 100
Excellent▲ +45 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▲+1
Solvency71▲+16
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.23 against 3.56 in 2024), but 81.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← 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
18.2%
Return on assets
0%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 668 sector peers (2025).
NBB · sector comparisonPosition among 668 sector peers
Solvency
better than 20%
← weakest
strongest →
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 30-05-2026, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
62 d early
2024
21 d early
2023
47 d early
2022
42 d early
2021
34 d early
2020
39 d early
2019
73 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€301k▲ 59.4%
2024 · €189k
2018: €230k
2019: €276k
2020: €315k
2021: €316k
2022: €341k
2023: €367k
2024: €189k
2018 → 2025
Total assets
€1.66M▲ 7.1%
2024 · €1.55M
2018: €533k
2019: €708k
2020: €795k
2021: €829k
2022: €887k
2023: €1.09M
2024: €1.55M
2018 → 2025
Net result
€682
2024 · €-178k
2018: €136k
2019: €49k
2020: €40k
2021: €941
2022: €24k
2023: €27k
2024: €-178k
2018 → 2025
Working capital
€1.23M▲ 10.9%
2024 · €1.11M
2018: €260k
2019: €385k
2020: €608k
2021: €593k
2022: €666k
2023: €899k
2024: €1.11M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€316k-€341k▲ 7.7%€367k▲ 7.8%€189k▼ 48.6%€301k▲ 59.4%
Operating result€168-€24k▲ 14,459%€29k▲ 17.2%€-178k€-12k▲ 93.5%
Net result€941-€24k▲ 2,475%€27k▲ 9.6%€-178k€682
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €178k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€46k▲ 866%
Current assets
€1.61M▲ 4.5%
Equity and liabilities €1.66M
Equity
€301k▲ 59.4%
Provisions
€977k▲ 11.4%
Debt
€381k▼ 21.2%
The debt ratio falls from 31.2% to 23.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€9k▲
2024 · €-177k
Cash flow
€22k▲
2024 · €-178k
Solvency
18.2%▲
2024 · 12.2%
Current ratio
4.23▲
2024 · 3.56
Quick ratio
4.23▲
2024 · 3.56
Debt / equity
1.27▼
2024 · 2.56
ROE
0.2%▲
2024 · -94.4%
ROA
0.0%▲
2024 · -11.5%
Interest coverage
13.43▲
2024 · -226.21
Debt
€381k▼
2024 · €484k
Debt ≤ 1 year
€381k▼
2024 · €434k
Staff costs
€1.91M▲
2024 · €1.63M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.55M€1.66M▲
Fixed assets21/28€5k€46k▲
Tangible fixed assets22/27€344€41k▲
Plant, machinery and equipment23€344€0▼
Other tangible fixed assets26-€41k
Financial fixed assets28€4k€4k=
Current assets29/58€1.54M€1.61M▲
Amounts receivable within one year40/41€515k€710k▲
Trade receivables40€70k€26k▼
Other amounts receivable41€445k€684k▲
Current investments50/53€750k€750k=
Cash at bank and in hand54/58€279k€148k▼
Deferred charges and accrued income490/1€1k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.66M▲
Equity10/15€189k€301k▲
Contributions10/11-€111k
Capital10-€111k
Reserves13€0-
Profit (loss) carried forward14€189k€190k▲
Provisions and deferred taxes16€877k€977k▲
Provisions for liabilities and charges160/5€877k€977k▲
Major repairs and maintenance162€50k€50k=
Other liabilities and charges164/5€827k€927k▲
Amounts payable17/49€484k€381k▼
Amounts payable within one year42/48€434k€381k▼
Trade debts44€128k€63k▼
Suppliers440/4€128k€63k▼
Advances received on contracts in progress46€275€0▼
Taxes, remuneration and social security45€305k€318k▲
Taxes450/3€56k€62k▲
Remuneration and social security454/9€249k€256k▲
Accrued charges and deferred income492/3€50k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.63M€1.91M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€518€21k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€71k€0▼
Other operating charges640/8€3k€6k▲
Gross operating margin9900€1.88M€2.02M▲
Operating profit (loss)9901€-178k€-12k▲
Financial income75/76B€31€13k▲
Recurring financial income75€31€13k▲
Financial charges65/66B€783€701▼
Recurring financial charges65€783€701▼
Profit (loss) for the period before taxes9903€-178k€682▲
Profit (loss) for the period9904€-178k€682▲
Profit (loss) for the period to be appropriated9905€-178k€682▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€190k▲
Profit (loss) brought forward from the previous period14P€181k€189k▲
From contributions791€186k€0▼
Social balance
Average headcount (FTE)908725.429.6▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €682
Net result €682 after one loss-making year.
31-12
Financial
Equity above €200kEq €301k ▲59.4%
Equity rises from €189k to €301k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-178k ▼771%
Net result drops to €-178k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
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 11 acts read
About the unread acts
We know of 11 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
under verification, last change in 2025
This board is reconstructed from a single act (25107207). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
DE ROOZE Dimitri
CurrentDirector · since 22-08-2025
DOCX Philippe
CurrentChair · since 22-08-2025
VERSTREKEN Frans
CurrentDirector · since 22-08-2025
CHANTRAIN Chris
CurrentDirector · since 16-06-2025
LAURIKS Erwin
CurrentDirector · since 16-06-2025
22-08-2025
DE ROOZE Dimitri: Appointed as Director
22-08-2025
DOCX Philippe: Appointed as Chair
22-08-2025
VERSTREKEN Frans: Appointed as Director
22-08-2025
LAURIKS Erwin: Appointed as Director
16-06-2025
CHANTRAIN Chris: Appointed as Director
16-06-2025
LAURIKS Erwin: Appointed as Director
16-06-2025
VAN DESSEL Paul: Resigned as Director
Not every act has been read: a resignation may be missing here
11 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2007
Ground area
1,843 m²
Building footprint
1,213 m²
Volume, LiDAR
8,199 m³
Parcel 11312A0024/00P036, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STW
since 20072.159.463.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0024/00P036 | Flanders | 1,843 m² | 2 · 1,213 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 1,042 companies in sector 85323 we hold annual accounts for 674. 547 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded19-11-1986
Fiscal year end31-12
Activities, NACEBEL
85323Education
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.