WS STABLE
ActiveSummary
The computed 12-month bankruptcy probability of WS STABLE is 2.1% (moderate). The 2025 annual accounts show equity of €43,996 and a net result of €10,176. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 4188 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability53▲+6
Solvency52▲+4
Growth52=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.29 in 2024; short-term debt: 72.9% and cash: 7% of total assets), and 72.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
27.1%
Return on assets
6.3%
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 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
42 d late
2023
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 33 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€10,176▲ 75.6%
2024 · €5,794
Working capital
€43,846▲ 30.2%
2024 · €33,670
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€33,478-€10,826▼ 67.7%€16,544▲ 52.8%
Net result€25,026-€5,794▼ 76.8%€10,176▲ 75.6%
Equity€28,026-€33,820▲ 20.7%€43,996▲ 30.1%
Total assets€110,391-€149,935▲ 35.8%€162,119▲ 8.1%
Debt€82,365-€116,115▲ 41.0%€118,123▲ 1.7%
Working capital€27,876-€33,670▲ 20.8%€43,846▲ 30.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 53% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162,119
Fixed assets
€150 =
Current assets
€161,969 ▲ 8.1%
Equity and liabilities €162,119
Equity
€43,996 ▲ 30.1%
Debt
€118,123 ▲ 1.7%
Debt's share of the balance-sheet total falls from 77.4% to 72.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.37▲
2024 · 1.29
Quick ratio
0.39▲
2024 · 0.37
Debt to equity
2.68▼
2024 · 3.43
ROE
23.1%▲
2024 · 17.1%
ROA
6.3%▲
2024 · 3.9%
Debt ≤ 1 year
€118,123▲
2024 · €116,115
Income taxes
€3,512▼
2024 · €3,631
Staff costs
€12,631▼
2024 · €20,234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €18,405 | €20,234 | €12,631 | ▼ 37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,200 | - | - | - |
| Other operating charges640/8 | €3,488 | €2,094 | €3,552 | ▲ 69.6% |
| Gross operating margin9900 | €56,571 | €33,154 | €32,726 | ▼ 1.3% |
| Operating profit (loss)9901 | €33,478 | €10,826 | €16,544 | ▲ 52.8% |
| Financial income75/76B | €1 | €440 | €5 | ▼ 98.9% |
| Recurring financial income75 | €1 | €440 | €5 | ▼ 98.9% |
| Financial charges65/66B | €841 | €1,840 | €2,861 | ▲ 55.5% |
| Recurring financial charges65 | €841 | €1,840 | €2,861 | ▲ 55.5% |
| Profit (loss) for the period before taxes9903 | €32,638 | €9,425 | €13,688 | ▲ 45.2% |
| Income taxes67/77 | €7,612 | €3,631 | €3,512 | ▼ 3.3% |
| Profit (loss) for the period9904 | €25,026 | €5,794 | €10,176 | ▲ 75.6% |
| Profit (loss) for the period to be appropriated9905 | €25,026 | €5,794 | €10,176 | ▲ 75.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €110,391 | €149,935 | €162,119 | ▲ 8.1% |
| Fixed assets21/28 | €150 | €150 | €150 | = |
| Financial fixed assets28 | €150 | €150 | €150 | = |
| Current assets29/58 | €110,241 | €149,785 | €161,969 | ▲ 8.1% |
| Stocks and contracts in progress3 | - | €107,000 | €116,000 | ▲ 8.4% |
| Stocks30/36 | - | €107,000 | €116,000 | ▲ 8.4% |
| Amounts receivable within one year40/41 | €87,770 | €32,468 | €32,678 | ▲ 0.6% |
| Trade receivables40 | €77,532 | €19,648 | €27,086 | ▲ 37.9% |
| Other amounts receivable41 | €10,238 | €12,820 | €5,591 | ▼ 56.4% |
| Cash at bank and in hand54/58 | €20,410 | €9,639 | €11,394 | ▲ 18.2% |
| Deferred charges and accrued income490/1 | €2,062 | €678 | €1,898 | ▲ 180% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €110,391 | €149,935 | €162,119 | ▲ 8.1% |
| Equity10/15 | €28,026 | €33,820 | €43,996 | ▲ 30.1% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Outside capital11 | - | - | €3,000 | - |
| Other1109/19 | - | - | €3,000 | - |
| Profit (loss) carried forward14 | €25,026 | €30,820 | €40,996 | ▲ 33.0% |
| Amounts payable17/49 | €82,365 | €116,115 | €118,123 | ▲ 1.7% |
| Amounts payable within one year42/48 | €82,365 | €116,115 | €118,123 | ▲ 1.7% |
| Financial debts43 | €1,700 | €1,700 | €1,700 | = |
| Credit institutions430/8 | €1,700 | €1,700 | €1,700 | = |
| Trade debts44 | €57,094 | €14,209 | - | - |
| Suppliers440/4 | €57,094 | €14,209 | - | - |
| Taxes, remuneration and social security45 | €18,253 | €11,646 | €13,026 | ▲ 11.9% |
| Taxes450/3 | €14,364 | €10,220 | €4,436 | ▼ 56.6% |
| Remuneration and social security454/9 | €3,888 | €1,425 | €8,590 | ▲ 503% |
| Other amounts payable47/48 | €5,319 | €88,561 | €103,397 | ▲ 16.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,026 | €5,794 | €10,176 | ▲ 75.6% |
| + Depreciation and write-downs630 | €1,200 | - | - | - |
| Operating cash flow (approximation) | €26,226 | €5,794 | €10,176 | ▲ 75.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€10,771 | €1,755 | ▲ 116% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 42 days late
2024
31-12
Financial
Weakest financial yearnet €5,794 ▼76.8%
Net result drops to €5,794, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Waterloo · 1 establishment unit since 2022
Ground area
4,247 m²
Building footprint
320 m²
Volume, LiDAR
4,507 m³
Parcel 25110B0610/00K000, Wallonia · tallest building 15.4 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
WS STABLE
since 20222.340.787.667
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110B0610/00K000 | Wallonia | 4,247 m² | 1 · 320 m² | 15.4 m · 5 fl. |
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 1,330 companies in sector 47762 we hold annual accounts for 479. 346 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
Founded08-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
01430Raising of horses and other equines
47762Retail sale of pets, pet food and pet supplies
93110Operation of sports facilities
93127Equestrian clubs
96993Pet care services, excluding veterinary services
Scores and ratios are computed by Checked and are not a credit decision.