STAES - DE HAUWERE
ActiveSTAES - DE HAUWERE has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.22M and a net result of €29k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+12
Solvency6▼-2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days only on tighter terms
Liquidity short (current ratio 0.36 against 0.46 in 2024), and 91% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
9%
Return on assets
0.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 860 sector peers (2025).
NBB · sector comparisonPosition among 860 sector peers
Solvency
better than 14%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
61 d early
2023
10 d late
2022
6 d early
2021
2 d early
2020
19 d early
2019
3 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29k
2024 · €-4k
2018: €113k
2019: €4k
2020: €222k
2021: €112k
2022: €179k
2023: €17k
2024: €-4k
2018 → 2025
Working capital
€-2.32M▼ 182%
2024 · €-825k
2018: €84k
2019: €-841k
2020: €-606k
2021: €-763k
2022: €-3.56M
2023: €-3.84M
2024: €-825k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.00M-€1.18M▲ 17.9%€1.20M▲ 1.4%€1.20M▼ 0.4%€1.22M▲ 2.5%
Operating result€70k-€223k▲ 219%€146k▼ 34.7%€141k▼ 3.0%€330k▲ 133%
Net result€112k-€179k▲ 60.7%€17k▼ 90.7%€-4k€29k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 133% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.54M
Fixed assets
€12.25M▲ 34.5%
Current assets
€1.29M▲ 82.7%
Equity and liabilities €13.54M
Equity
€1.22M▲ 2.5%
Debt
€12.31M▲ 42.9%
The debt ratio rises from 87.8% to 91.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€675k▲
2024 · €301k
Cash flow
€374k▲
2024 · €155k
Solvency
9.0%▼
2024 · 12.2%
Current ratio
0.36▼
2024 · 0.46
Quick ratio
0.36▼
2024 · 0.46
Debt / equity
10.06▲
2024 · 7.21
ROE
2.4%▲
2024 · -0.4%
ROA
0.2%▲
2024 · 0.0%
Interest coverage
2.25▲
2024 · 2.08
Debt
€12.31M▲
2024 · €8.62M
Debt ≤ 1 year
€3.61M▲
2024 · €1.53M
Debt > 1 year
€8.70M▲
2024 · €7.09M
Income taxes
€75▼
2024 · €1k
Staff costs
€192k▲
2024 · €176k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.81M€13.54M▲
Fixed assets21/28€9.11M€12.25M▲
Tangible fixed assets22/27€5.37M€8.51M▲
Land and buildings22€5.33M€7.60M▲
Plant, machinery and equipment23-€884k
Furniture and vehicles24€41k€31k▼
Other tangible fixed assets26€0€0▼
Financial fixed assets28€3.73M€3.73M=
Current assets29/58€707k€1.29M▲
Amounts receivable within one year40/41€291k€437k▲
Trade receivables40€290k€160k▼
Other amounts receivable41€1k€277k▲
Cash at bank and in hand54/58€416k€854k▲
Equity and liabilities
Total equity and liabilities10/49€9.81M€13.54M▲
Equity10/15€1.20M€1.22M▲
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€70k€725k▲
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Distributable reserves133€20k€675k▲
Profit (loss) carried forward14€625k€0▼
Amounts payable17/49€8.62M€12.31M▲
Amounts payable after more than one year17€7.09M€8.70M▲
Financial debts170/4€7.09M€8.70M▲
Amounts payable within one year42/48€1.53M€3.61M▲
Current portion of amounts payable after more than one year42€340k€493k▲
Trade debts44€104k€626k▲
Suppliers440/4€104k€626k▲
Bills of exchange payable441€0-
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€109k€109k▼
Taxes450/3€58k€109k▲
Remuneration and social security454/9€52k€0▼
Other amounts payable47/48€978k€2.39M▲
Income statement
Code20242025
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€176k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€345k▲
Other operating charges640/8€46k€53k▲
Gross operating margin9900€523k€920k▲
Operating profit (loss)9901€141k€330k▲
Financial income75/76B-€126
Recurring financial income75-€126
Financial charges65/66B€144k€300k▲
Recurring financial charges65€144k€300k▲
Profit (loss) for the period before taxes9903€-3k€29k▲
Income taxes67/77€1k€75▼
Profit (loss) for the period9904€-4k€29k▲
Profit (loss) for the period to be appropriated9905€-4k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€625k€654k▲
Profit (loss) brought forward from the previous period14P€629k€625k▼
Transfer to equity691/2-€654k
To the legal reserve6920-€654k
Social balance
Average headcount (FTE)90872.32.1▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
State Gazette act
RestructuringDemerger · Accounting effect · Real estate4 facts ▸
State Gazette act
Restructuring
Demerger · Accounting effect · Real estate4 facts ▸
- Demerger, Afsplitsing van de totaliteit van het onroerend vermogen van CH&S NV naar SDH NV
- Accounting effect, 2026-01-01
- Real estate, Een garagestelplaats met kantoor en voormalige conciërgewoning met bijhorend terrein, gelegen Beukenstraat 133, 9255 Buggenhout, sectie E, nummer 962G P0000, op…
- Auditor appointment, DPO Bedrijfsrevisoren (bedrijfsrevisor)
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-4k ▼125%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 10 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.00M ▲26.7%
4 profitable years in a row build equity to €1.00M.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €222k ▲6103%
Net result €222k, the highest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lebbeke · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsesteenweg 1559280 LebbekeGround area
1,664 m²
Building footprint
305 m²
Volume, LiDAR
1,577 m³
2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STAES-DE HAUWERE NV
since 19902.046.898.948
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42322C0012/00A002indicative | Flanders | 1,082 m² | 1 · 186 m² | 8.7 m · 2 fl. |
| 42011A0853/00V000 | Flanders | 582 m² | 1 · 119 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partySTAES - DE HAUWEREBE 0438.596.584
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 6,978 companies in sector 49320 we hold annual accounts for 2,683. 489 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-10-1989
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.