STYVAR
ActiveSummary
STYVAR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €269k and a net result of €34k. Equity is growing by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 19913 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▼-23
Solvency54▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 4.84 against 18.58 in 2023; short-term debt: 4.8% and cash: 22.3% of total assets), but 71% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 19913 sector peers (2024).
NBB · sector comparisonPosition among 19913 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
54 d late
2022
16 d early
2021
31 d early
2020
12 d late
2019
85 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€269k▲ 14.2%
2023 · €236k
2018: €22klowest in 7 years
2019: €52k▲ +132% vs 2018
2020: €90k▲ +75.1% vs 2019
2021: €148k▲ +63.7% vs 2020
2022: €205k▲ +38.6% vs 2021
2023: €236k▲ +15.0% vs 2022
2024: €269k▲ +14.2% vs 2023highest in 7 years
2018 → 2024
Total assets
€927k▲ 89.2%
2023 · €490k
2018: €43klowest in 7 years
2019: €81k▲ +88.2% vs 2018
2020: €127k▲ +57.2% vs 2019
2021: €160k▲ +26.1% vs 2020
2022: €221k▲ +38.1% vs 2021
2023: €490k▲ +122% vs 2022
2024: €927k▲ +89.2% vs 2023highest in 7 years
2018 → 2024
Net result
€34k▲ 11.0%
2023 · €31k
2018: €19klowest in 7 years
2019: €29k▲ +53.2% vs 2018
2020: €39k▲ +31.8% vs 2019
2021: €45k▲ +16.5% vs 2020
2022: €61k▲ +34.4% vs 2021highest in 7 years
2023: €31k▼ -49.2% vs 2022
2024: €34k▲ +11.0% vs 2023
2018 → 2024
Working capital
€169k▼ 27.0%
2023 · €232k
2018: €10klowest in 7 years
2019: €37k▲ +265% vs 2018
2020: €77k▲ +105% vs 2019
2021: €137k▲ +78.3% vs 2020
2022: €196k▲ +43.8% vs 2021
2023: €232k▲ +18.0% vs 2022highest in 7 years
2024: €169k▼ -27.0% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€90k-€148k▲ 63.7%€205k▲ 38.6%€236k▲ 15.0%€269k▲ 14.2%
2020: €90klowest in 5 years
2021: €148k▲ +63.7% vs 2020
2022: €205k▲ +38.6% vs 2021
2023: €236k▲ +15.0% vs 2022
2024: €269k▲ +14.2% vs 2023highest in 5 years
Operating result€49k-€62k▲ 25.5%€76k▲ 23.3%€43k▼ 43.3%€60k▲ 39.4%
2020: €49k
2021: €62k▲ +25.5% vs 2020
2022: €76k▲ +23.3% vs 2021highest in 5 years
2023: €43k▼ -43.3% vs 2022lowest in 5 years
2024: €60k▲ +39.4% vs 2023
Net result€39k-€45k▲ 16.5%€61k▲ 34.4%€31k▼ 49.2%€34k▲ 11.0%
2020: €39k
2021: €45k▲ +16.5% vs 2020
2022: €61k▲ +34.4% vs 2021highest in 5 years
2023: €31k▼ -49.2% vs 2022lowest in 5 years
2024: €34k▲ +11.0% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 39% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €927k
Fixed assets
€714k ▲ 191%
Current assets
€213k ▼ 13.0%
Equity and liabilities €927k
Equity
€269k ▲ 14.2%
Debt
€658k ▲ 159%
Debt's share of the balance-sheet total rises from 51.9% to 71.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82k▲
2023 · €49k
Cash flow
€56k▲
2023 · €37k
Current ratio
4.84▼
2023 · 18.58
Debt to equity
2.45▲
2023 · 1.08
ROE
12.7%▼
2023 · 13.1%
ROA
3.7%▼
2023 · 6.3%
Interest coverage
3.73▼
2023 · 8.98
Debt ≤ 1 year
€44k▲
2023 · €13k
Debt > 1 year
€614k▲
2023 · €241k
Income taxes
€6k▼
2023 · €7k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€490k€927k▲
Fixed assets21/28€245k€714k▲
Tangible fixed assets22/27€245k€714k▲
Land and buildings22€623€706k▲
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€595€4k▲
Assets under construction and advance payments27€241k-
Current assets29/58€245k€213k▼
Amounts receivable within one year40/41€2k€4k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€242k€207k▼
Deferred charges and accrued income490/1€686€2k▲
Equity and liabilities
Total equity and liabilities10/49€490k€927k▲
Equity10/15€236k€269k▲
Contributions10/11€19k€19k=
Reserves13€178k€212k▲
Distributable reserves133€178k€212k▲
Profit (loss) carried forward14€39k€39k=
Amounts payable17/49€254k€658k▲
Amounts payable after more than one year17€241k€614k▲
Financial debts170/4€241k€614k▲
Amounts payable within one year42/48€13k€44k▲
Current portion of amounts payable after more than one year42€7k€28k▲
Trade debts44€3k€11k▲
Suppliers440/4€3k€11k▲
Taxes, remuneration and social security45-€3k
Taxes450/3-€1k
Remuneration and social security454/9-€2k
Other amounts payable47/48€3k€800▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€22k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€623
Gross operating margin9900€50k€83k▲
Operating profit (loss)9901€43k€60k▲
Financial income75/76B€23€2k▲
Recurring financial income75€23€2k▲
Financial charges65/66B€5k€22k▲
Recurring financial charges65€5k€22k▲
Profit (loss) for the period before taxes9903€38k€40k▲
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€31k€34k▲
Profit (loss) for the period to be appropriated9905€31k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€73k▲
Profit (loss) brought forward from the previous period14P€39k€39k=
Transfer to equity691/2€31k€33k▲
To other reserves6921€31k€33k▲
Profit to be distributed694/7-€800
Directors or managers695-€800
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €7k | €8k | €6k | €22k | ▲ 254% |
| Other operating charges640/8 | - | €1k | €1k | €1k | €1k | ▲ 5.0% |
| Non-recurring operating charges66A | - | - | - | - | €623 | - |
| Gross operating margin9900 | €55k | €70k | €85k | €50k | €83k | ▲ 65.9% |
| Operating profit (loss)9901 | €49k | €62k | €76k | €43k | €60k | ▲ 39.4% |
| Financial income75/76B | - | €16 | €0 | €23 | €2k | ▲ 9,755% |
| Recurring financial income75 | €50 | €16 | €0 | €23 | €2k | ▲ 9,755% |
| Financial charges65/66B | - | €69 | €130 | €5k | €22k | ▲ 300% |
| Recurring financial charges65 | €177 | €69 | €130 | €5k | €22k | ▲ 300% |
| Profit (loss) for the period before taxes9903 | €49k | €62k | €76k | €38k | €40k | ▲ 7.5% |
| Income taxes67/77 | €10k | €16k | €15k | €7k | €6k | ▼ 8.5% |
| Profit (loss) for the period9904 | €39k | €45k | €61k | €31k | €34k | ▲ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €39k | €45k | €61k | €31k | €34k | ▲ 11.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127k | €160k | €221k | €490k | €927k | ▲ 89.2% |
| Fixed assets21/28 | €14k | €11k | €8k | €245k | €714k | ▲ 191% |
| Tangible fixed assets22/27 | €14k | €11k | €8k | €245k | €714k | ▲ 191% |
| Land and buildings22 | - | €1k | €939 | €623 | €706k | ▲ 113,382% |
| Plant, machinery and equipment23 | - | €2k | €5k | €3k | €4k | ▲ 15.6% |
| Furniture and vehicles24 | - | €8k | €3k | €595 | €4k | ▲ 598% |
| Assets under construction and advance payments27 | - | - | - | €241k | - | - |
| Current assets29/58 | €113k | €149k | €212k | €245k | €213k | ▼ 13.0% |
| Amounts receivable within one year40/41 | €3k | €1k | €2k | €2k | €4k | ▲ 118% |
| Trade receivables40 | - | €1k | €1k | - | - | - |
| Other amounts receivable41 | - | - | €797 | €2k | €4k | ▲ 118% |
| Cash at bank and in hand54/58 | €109k | €147k | €210k | €242k | €207k | ▼ 14.7% |
| Deferred charges and accrued income490/1 | - | €969 | €976 | €686 | €2k | ▲ 208% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127k | €160k | €221k | €490k | €927k | ▲ 89.2% |
| Equity10/15 | €90k | €148k | €205k | €236k | €269k | ▲ 14.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €45k | €90k | €148k | €178k | €212k | ▲ 18.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €89k | €146k | €178k | €212k | ▲ 18.7% |
| Profit (loss) carried forward14 | €39k | €39k | €39k | €39k | €39k | = |
| Amounts payable17/49 | €36k | €12k | €16k | €254k | €658k | ▲ 159% |
| Amounts payable after more than one year17 | - | - | - | €241k | €614k | ▲ 155% |
| Financial debts170/4 | - | - | - | €241k | €614k | ▲ 155% |
| Amounts payable within one year42/48 | €36k | €12k | €16k | €13k | €44k | ▲ 234% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7k | €28k | ▲ 288% |
| Trade debts44 | €623 | €2k | €2k | €3k | €11k | ▲ 291% |
| Suppliers440/4 | - | €2k | €2k | €3k | €11k | ▲ 291% |
| Taxes, remuneration and social security45 | - | €6k | €7k | - | €3k | - |
| Taxes450/3 | - | €4k | €4k | - | €1k | - |
| Remuneration and social security454/9 | - | €1k | €2k | - | €2k | - |
| Other amounts payable47/48 | - | €5k | €7k | €3k | €800 | ▼ 72.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €45k | €61k | €31k | €34k | ▲ 11.0% |
| + Depreciation and write-downs630 | €5k | €7k | €8k | €6k | €22k | ▲ 254% |
| Operating cash flow (approximation) | €44k | €52k | €69k | €37k | €56k | ▲ 51.1% |
| Investment in fixed assets (approximation) | - | €-5k | €-5k | €-243k | €-490k | ▼ 102% |
| Change in cash | - | €38k | €63k | €33k | €-35k | ▼ 209% |
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
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €61k ▲34.4%
Operating result €76k, net result €61k, both a record.
31-12
Financial
Equity above €200kEq €205k ▲38.6%
5 profitable years in a row build equity to €205k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 12.34
Current ratio from 3.10 to 12.34; short-term debt falls from €36k to €12k.
31-12
Financial
Equity above €100kEq €148k ▲63.7%
4 profitable years in a row build equity to €148k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2019
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Pelt · 1 establishment unit since 2020
Ground area
895 m²
Building footprint
241 m²
Volume, LiDAR
245 m³
Parcel 72025B0983/00Z000, Flanders · tallest building 6.3 m. Linked by address, not a title deed.
1 establishment unit
STYVAR
since 20202.300.077.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025B0983/00Z000 | Flanders | 895 m² | 1 · 241 m² | 6.3 m |
Linked by address, not proof of ownership
Good to know
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 12,696 companies in sector 86951 we hold annual accounts for 2,142. 1,460 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
Founded22-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
Scores and ratios are computed by Checked and are not a credit decision.