STYFHALS GROEP
ActiveSummary
STYFHALS GROEP has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.77M and a net result of €169k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 89% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-17
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900k at 30 days acceptable
short-term debt: 0.3% and cash: 0% of total assets, and 11.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 →
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
88.6%
Return on assets
1.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
27 d late
2023
30 d late
2022
31 d late
2021
27 d late
2020
26 d late
2019
1 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€12.77M▲ 1.3%
2024 · €12.60M
2018: €13.43M
2019: €13.50M▲ +0.5% vs 2018highest in 8 years
2020: €13.46M▼ -0.3% vs 2019
2021: €13.38M▼ -0.6% vs 2020
2022: €13.33M▼ -0.3% vs 2021
2023: €12.66M▼ -5.0% vs 2022
2024: €12.60M▼ -0.5% vs 2023lowest in 8 years
2025: €12.77M▲ +1.3% vs 2024
2018 → 2025
Total assets
€14.41M▲ 4.0%
2024 · €13.85M
2018: €18.42Mhighest in 8 years
2019: €17.43M▼ -5.4% vs 2018
2020: €17.20M▼ -1.3% vs 2019
2021: €16.21M▼ -5.8% vs 2020
2022: €16.33M▲ +0.7% vs 2021
2023: €16.87M▲ +3.3% vs 2022
2024: €13.85M▼ -17.9% vs 2023lowest in 8 years
2025: €14.41M▲ +4.0% vs 2024
2018 → 2025
Net result
€169k▼ 88.4%
2024 · €1.45M
2018: €33k
2019: €68k▲ +104% vs 2018
2020: €11k▼ -83.7% vs 2019
2021: €-82k▼ -843% vs 2020
2022: €-42k▲ +49.0% vs 2021
2023: €-850k▼ -1929% vs 2022lowest in 8 years
2024: €1.45M▲ +271% vs 2023highest in 8 years
2025: €169k▼ -88.4% vs 2024
2018 → 2025
Working capital
€10.08M▲ 6.0%
2024 · €9.52M
2018: €3.65M
2019: €3.49M▼ -4.2% vs 2018
2020: €3.26M▼ -6.7% vs 2019lowest in 8 years
2021: €3.35M▲ +2.9% vs 2020
2022: €4.42M▲ +31.9% vs 2021
2023: €7.07M▲ +59.8% vs 2022
2024: €9.52M▲ +34.6% vs 2023
2025: €10.08M▲ +6.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13.38M-€13.33M▼ 0.3%€12.66M▼ 5.0%€12.60M▼ 0.5%€12.77M▲ 1.3%
2021: €13.38Mhighest in 5 years
2022: €13.33M▼ -0.3% vs 2021
2023: €12.66M▼ -5.0% vs 2022
2024: €12.60M▼ -0.5% vs 2023lowest in 5 years
2025: €12.77M▲ +1.3% vs 2024
Operating result€-180k-€-126k▲ 30.3%€-487k▼ 287%€12k€-157k
2021: €-180k
2022: €-126k▲ +30.3% vs 2021
2023: €-487k▼ -287% vs 2022lowest in 5 years
2024: €12k▲ +103% vs 2023highest in 5 years
2025: €-157k▼ -1393% vs 2024
Net result€-82k-€-42k▲ 49.0%€-850k▼ 1,929%€1.45M€169k▼ 88.4%
2021: €-82k
2022: €-42k▲ +49.0% vs 2021
2023: €-850k▼ -1929% vs 2022lowest in 5 years
2024: €1.45M▲ +271% vs 2023highest in 5 years
2025: €169k▼ -88.4% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €157k after €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.41M
Fixed assets
€4.28M ▲ 0.7%
Current assets
€10.12M ▲ 5.5%
Equity and liabilities €14.41M
Equity
€12.77M ▲ 1.3%
Provisions
€197k ▼ 4.7%
Debt
€1.44M ▲ 38.4%
Debt's share of the balance-sheet total rises from 7.5% to 10.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-111k▼
2024 · €60k
Cash flow
€216k▼
2024 · €1.50M
Debt to equity
0.11▲
2024 · 0.08
ROE
1.3%▼
2024 · 11.5%
ROA
1.2%▼
2024 · 10.5%
Interest coverage
-2.37▼
2024 · 0.56
Debt ≤ 1 year
€40k▼
2024 · €77k
Debt > 1 year
€1.40M▲
2024 · €964k
Income taxes
€14k▼
2024 · €84k
A ratio outside any meaningful range has been withheld (balance sheet total €14.41M, equity €12.77M).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13.85M€14.41M▲
Fixed assets21/28€4.26M€4.28M▲
Tangible fixed assets22/27€4.25M€4.28M▲
Land and buildings22€3.49M€3.45M▼
Plant, machinery and equipment23€51k€43k▼
Furniture and vehicles24€712k€795k▲
Financial fixed assets28€375€375=
Current assets29/58€9.59M€10.12M▲
Amounts receivable after more than one year29-€350k
Other amounts receivable291-€350k
Stocks and contracts in progress3€381k€308k▼
Stocks30/36€381k€308k▼
Amounts receivable within one year40/41€1.18M€1.74M▲
Trade receivables40€57k€57k=
Other amounts receivable41€1.13M€1.68M▲
Current investments50/53€8.02M€7.72M▼
Cash at bank and in hand54/58-€2k
Deferred charges and accrued income490/1€5k€5k=
Equity and liabilities
Total equity and liabilities10/49€13.85M€14.41M▲
Equity10/15€12.60M€12.77M▲
Contributions10/11€385k€385k=
Capital10€385k€385k=
Issued capital100€385k€385k=
Reserves13€12.22M€12.38M▲
Non-distributable reserves130/1€3.54M€3.54M=
Legal reserve130€139k€139k=
Own shares acquired1312€3.40M€3.40M=
Tax-exempt reserves132€620k€590k▼
Distributable reserves133€8.06M€8.26M▲
Provisions and deferred taxes16€207k€197k▼
Deferred taxes168€207k€197k▼
Amounts payable17/49€1.04M€1.44M▲
Amounts payable after more than one year17€964k€1.40M▲
Financial debts170/4€964k€1.40M▲
Amounts payable within one year42/48€77k€40k▼
Current portion of amounts payable after more than one year42€5k-
Financial debts43€3k€6k▲
Credit institutions430/8€3k€6k▲
Trade debts44€19k€15k▼
Suppliers440/4€19k€15k▼
Taxes, remuneration and social security45€30k€158▼
Taxes450/3€30k€158▼
Other amounts payable47/48€19k€19k=
Income statement
Code20242025
Non-recurring operating income76A€82k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€47k▼
Other operating charges640/8€7k€4k▼
Non-recurring operating charges66A€165k€80k▼
Gross operating margin9900€231k€-26k▼
Operating profit (loss)9901€12k€-157k▼
Financial income75/76B€1.62M€378k▼
Recurring financial income75€1.62M€378k▼
Financial charges65/66B€105k€47k▼
Recurring financial charges65€105k€47k▼
Profit (loss) for the period before taxes9903€1.53M€173k▼
Transfer from deferred taxes780€10k€10k▲
Income taxes67/77€84k€14k▼
Profit (loss) for the period9904€1.45M€169k▼
Transfer from tax-exempt reserves789€29k€29k▲
Profit (loss) for the period to be appropriated9905€1.48M€198k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.48M€198k▼
Transfer to equity691/2€1.48M€198k▼
To other reserves6921€1.48M€198k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €312k | €68k | €892k | €82k | - | - |
| Remuneration, social security and pensions62 | €98k | €217k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €14k | €33k | €47k | €47k | ▼ 1.4% |
| Other operating charges640/8 | €9k | €15k | €7k | €7k | €4k | ▼ 39.4% |
| Non-recurring operating charges66A | €2k | - | €1.28M | €165k | €80k | ▼ 51.2% |
| Gross operating margin9900 | €-57k | €119k | €835k | €231k | €-26k | ▼ 111% |
| Operating profit (loss)9901 | €-180k | €-126k | €-487k | €12k | €-157k | ▼ 1,393% |
| Financial income75/76B | €137k | €93k | - | €1.62M | €378k | ▼ 76.7% |
| Recurring financial income75 | €137k | €93k | - | €1.62M | €378k | ▼ 76.7% |
| Financial charges65/66B | €34k | €8k | €143k | €105k | €47k | ▼ 55.6% |
| Recurring financial charges65 | €34k | €8k | €143k | €105k | €47k | ▼ 55.6% |
| Profit (loss) for the period before taxes9903 | €-78k | €-40k | €-630k | €1.53M | €173k | ▼ 88.7% |
| Transfer from deferred taxes780 | - | - | €7k | €10k | €10k | ▲ 0.2% |
| Transfer to deferred taxes680 | - | - | €223k | - | - | - |
| Income taxes67/77 | €4k | €2k | €3k | €84k | €14k | ▼ 83.5% |
| Profit (loss) for the period9904 | €-82k | €-42k | €-850k | €1.45M | €169k | ▼ 88.4% |
| Transfer from tax-exempt reserves789 | - | - | €20k | €29k | €29k | ▲ 0.2% |
| Transfer to tax-exempt reserves689 | - | - | €669k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-82k | €-42k | €-1.50M | €1.48M | €198k | ▼ 86.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16.21M | €16.33M | €16.87M | €13.85M | €14.41M | ▲ 4.0% |
| Fixed assets21/28 | €10.06M | €8.93M | €7.11M | €4.26M | €4.28M | ▲ 0.7% |
| Intangible fixed assets21 | €1k | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.20M | €1.30M | €2.24M | €4.25M | €4.28M | ▲ 0.7% |
| Land and buildings22 | €733k | €737k | €1.67M | €3.49M | €3.45M | ▼ 1.3% |
| Plant, machinery and equipment23 | €16k | €13k | €3k | €51k | €43k | ▼ 15.9% |
| Furniture and vehicles24 | €451k | €550k | €568k | €712k | €795k | ▲ 11.6% |
| Financial fixed assets28 | €8.86M | €7.63M | €4.87M | €375 | €375 | = |
| Current assets29/58 | €6.15M | €7.39M | €9.77M | €9.59M | €10.12M | ▲ 5.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €350k | - |
| Other amounts receivable291 | - | - | - | - | €350k | - |
| Stocks and contracts in progress3 | €425k | €425k | €425k | €381k | €308k | ▼ 18.9% |
| Stocks30/36 | €425k | €425k | €425k | €381k | €308k | ▼ 18.9% |
| Amounts receivable within one year40/41 | €713k | €98k | €42k | €1.18M | €1.74M | ▲ 46.8% |
| Trade receivables40 | €271k | €55k | €24k | €57k | €57k | = |
| Other amounts receivable41 | €442k | €43k | €18k | €1.13M | €1.68M | ▲ 49.2% |
| Current investments50/53 | €3.53M | €4.73M | €9.09M | €8.02M | €7.72M | ▼ 3.8% |
| Cash at bank and in hand54/58 | €1.06M | €1.63M | €206k | - | €2k | - |
| Deferred charges and accrued income490/1 | €421k | €510k | €5k | €5k | €5k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16.21M | €16.33M | €16.87M | €13.85M | €14.41M | ▲ 4.0% |
| Equity10/15 | €13.38M | €13.33M | €12.66M | €12.60M | €12.77M | ▲ 1.3% |
| Contributions10/11 | €385k | €385k | €385k | €385k | €385k | = |
| Capital10 | €385k | €385k | €385k | €385k | €385k | = |
| Issued capital100 | €385k | €385k | €385k | €385k | €385k | = |
| Revaluation surpluses12 | €1.33M | €1.33M | €1.51M | - | - | - |
| Reserves13 | €11.66M | €11.61M | €10.76M | €12.22M | €12.38M | ▲ 1.4% |
| Non-distributable reserves130/1 | €2.34M | €3.54M | €3.54M | €3.54M | €3.54M | = |
| Legal reserve130 | €139k | €139k | €139k | €139k | €139k | = |
| Own shares acquired1312 | €2.20M | €3.40M | €3.40M | €3.40M | €3.40M | = |
| Tax-exempt reserves132 | - | - | €649k | €620k | €590k | ▼ 4.7% |
| Distributable reserves133 | €9.32M | €8.08M | €6.58M | €8.06M | €8.26M | ▲ 2.5% |
| Provisions and deferred taxes16 | - | - | €216k | €207k | €197k | ▼ 4.7% |
| Deferred taxes168 | - | - | €216k | €207k | €197k | ▼ 4.7% |
| Amounts payable17/49 | €2.84M | €2.99M | €3.99M | €1.04M | €1.44M | ▲ 38.4% |
| Amounts payable after more than one year17 | €35k | €24k | €1.25M | €964k | €1.40M | ▲ 45.3% |
| Financial debts170/4 | €35k | €24k | €1.25M | €964k | €1.40M | ▲ 45.3% |
| Amounts payable within one year42/48 | €2.80M | €2.97M | €2.70M | €77k | €40k | ▼ 47.5% |
| Current portion of amounts payable after more than one year42 | €9k | €30k | - | €5k | - | - |
| Financial debts43 | €600k | €750k | - | €3k | €6k | ▲ 69.3% |
| Credit institutions430/8 | €600k | €750k | - | €3k | €6k | ▲ 69.3% |
| Trade debts44 | €40k | €54k | €95k | €19k | €15k | ▼ 19.7% |
| Suppliers440/4 | €40k | €54k | €95k | €19k | €15k | ▼ 19.7% |
| Taxes, remuneration and social security45 | - | - | €46k | €30k | €158 | ▼ 99.5% |
| Taxes450/3 | - | - | €46k | €30k | €158 | ▼ 99.5% |
| Other amounts payable47/48 | €2.15M | €2.14M | €2.56M | €19k | €19k | = |
| Accrued charges and deferred income492/3 | - | - | €46k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-82k | €-42k | €-850k | €1.45M | €169k | ▼ 88.4% |
| + Depreciation and write-downs630 | €15k | €14k | €33k | €47k | €47k | ▼ 1.4% |
| Operating cash flow (approximation) | €-67k | €-28k | €-817k | €1.50M | €216k | ▼ 85.6% |
| Investment in fixed assets (approximation) | - | €1.11M | €1.80M | €2.80M | €-75k | ▼ 103% |
| Change in cash | - | €566k | €-1.42M | - | - | - |
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
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 250.82
Current ratio from 124.86 to 250.82; short-term debt falls from €77k to €40k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €1.45M
Net result €1.45M after 3 loss-making years.
31-12
Financial
Liquidity times 34current ratio 124.86
Current ratio from 3.62 to 124.86; short-term debt falls from €2.70M to €77k.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-09
Financial
Weakest financial yearnet €-850k
Net result drops to €-850k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 27 days late
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2018
10-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Haacht · 1 establishment unit since 2003
Ground area
5,119 m²
Building footprint
422 m²
Volume, LiDAR
2,025 m³
2 parcels, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Styfhals Groep
since 20032.121.711.286
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472G0125/00K006 | Flanders | 2,686 m² | 1 · 334 m² | 10.4 m · 2 fl. |
| 24033F0609/00A000 | Flanders | 2,433 m² | 1 · 89 m² | 6.4 m |
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.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 1,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-09-1991
Fiscal year end31-12
Abbreviation NL
E.P.I.C.
Activities, NACEBEL 2025
68121Development of residential building projects
64210Activities of holding companies
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.