Skip to content

VANORMELINGEN - STAS

Active
Public limited companyfounded 1989active for 36 yearsSchaliehoevestraat 14, 2220 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0438.792.762
Summary

VANORMELINGEN - STAS has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.2m and a net result of €1.1m. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 45% of 374 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Civil engineering
NACE 42120
#1 company by total assets in Heist-op-den-Berg, Construction sector2 sites
Size
€19.0mturnover 2025
Staff
22.8 FTE
Equity
€6.2m
Profit
€1.1m
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
RAILCO · 96%
Accounts 21 days early1 of 10 deeds read
Why 91raises risk1 of the last 3 latelowers riskFounded in 1989Profit of €1.1m (financial year 2025)Size: turnover €19.0m, 22.8 FTE, total assets €16.6mShow the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 55% of its sector peers (NACE 42, small)
Financial strength · tick = 2024
Strong
Solvency 63+7
equity 37.7% of total assets
Liquidity 45+2
short-term debt 33.8% · cash 7.9%
Profitability 77+15
return on assets 6.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (299 companies, NACE 42, small)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● unchanged vs 11-2024 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.0%▼ -0.1 percentage points vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.1%▲ +0.1 percentage points vs 04-2025 06-2025: 1.0%▼ -0.1 percentage points vs 05-2025 07-2025: 1.2%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.4%▼ -0.8 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.3%▼ -0.1 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.4%▲ +0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.2%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.43, compared with 1.22 in 2024; short-term debt: 33.8% and cash: 7.9% of total assets), and 62.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, small): better than 49% on solvency, 52% on liquidity, 58% on profitability and 61% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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

Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Profit of €1.1m (financial year 2025)
NBB · annual accounts
lowers risk · Size: turnover €19.0m, 22.8 FTE, total assets €16.6m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 days early
2024
15 days early
2023
75 days late
2022
24 days early
2021
3 days early
2020
26 days early
2019
18 days 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 5 days before the deadline; the sector median (NACE 42) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: Geert Peeters (vast vertegenwoordiger van…Permanent representatives: Ignace Becaus and…
  3. Back to profitnet €1.1m

Key points

  • Positive: Back in profit in 2025after -€47,793 in 2024 €1.1m View
  • Positive: Company by total assets in Heist-op-den-Berg, Construction sectorin the Checked rankings #1 View
  • New directorslatest change 15-12-2025 · 3 in office 3 joined View
  • Controlled by RAILCOultimately: TACHA 96% View

By topic

Financials

Financial year
2025
Turnover
€19.0m
Profit
€1.1m
Solvency
37.7%
Turnover▲ 4.4%
Net result
20212025
Go to Financials

Board & ownership

Board
3 members
Parent
RAILCO · 96%
  • PROJECTS IN MOTIONChair
  • Geert PeetersDirector
  • RAILCO NVDirector
Go to Board & ownership

Timeline

Events
43
Since
1991
Next accounts
by 31-07-2027
  1. 16-07-2025Annual accounts filed
  2. 14-10-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Civil engineeringNACE 42120
Founded
15-11-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.