Financials
- Fiscal year
- 2025
- Total assets
- €107,292
- Loss
- -€454
- Solvency
- 36.5%
Turnover▼ 7.8%
Net result
20182019
STWA
ActiveSummary
STWA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,134 and a net result of -€454. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 40% of 8593 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
What they do
General electrical installation work
NACE 43211NACE 45310
1 site
How big
€107,292total assets 2025
- Equity
- €39,134
- Loss
- -€454
Turnover not published (abridged schema)
Who decides
Accounts filed 61 d late0 of 1 deed read
Why 68- Latest accounts 61 days late; 3 of the last 3 late- Sector Specialised construction activities (NACE 43)+ Founded in 1998+ Size: total assets €107,292Show the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 30% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
61-17
equity 36.5% of total assets
Liquidity
30-24
short-term debt 63.5% · cash 10.7%
Profitability
62-5
return on assets -0.4%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Latest accounts 61 days late; 3 of the last 3 late raises the probability
- Founded in 1998 lowers the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
- Size: total assets €107,292 lowers the probability for this profile
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 2.47 in 2024; short-term debt: 63.5% and cash: 10.7% of total assets), but 63.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 38%, liquidity 18%, profitability 30%, growth against the median 32%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 · 9 filingsDeviation from the deadline
2025
61 d late
2024
32 d late
2023
92 d late
2022
4 d late
2021
26 d early
2020
9 d early
2019
16 d early
← 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 20 days after 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 1 September (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 16
- Since
- 2018
- Next accounts
- by 31-07-2027
- 30-09-2026Annual accounts filed
- 01-09-2025Annual accounts filed
- 31-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- General electrical installation workNACE 43211
- Founded
- 15-05-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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