STAGEL
ActiveSummary
STAGEL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18.16M and a net result of €-2.17M. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-61
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.2M at 30 days acceptable
Liquidity ample (current ratio 44.85 against 1.58 in 2024; short-term debt: 2.2% and cash: 2.8% of total assets), and 2.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
97.8%
Return on assets
-11.7%
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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
29 d late
2022
31 d early
2021
26 d late
2020
30 d late
2019
18 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€18.16M▼ 10.7%
2024 · €20.34M
2018: €20.18M
2019: €20.21M
2020: €20.24M
2021: €20.27M
2022: €20.29M
2023: €20.31M
2024: €20.34M
2018 → 2025
Total assets
€18.57M▼ 10.4%
2024 · €20.72M
2018: €20.71M
2019: €20.66M
2020: €20.69M
2021: €20.60M
2022: €20.61M
2023: €20.64M
2024: €20.72M
2018 → 2025
Net result
€-2.17M
2024 · €26k
2018: €25k
2019: €37k
2020: €32k
2021: €26k
2022: €19k
2023: €23k
2024: €26k
2018 → 2025
Working capital
€17.75M▲ 7,961%
2024 · €220k
2018: €13k
2019: €58k
2020: €97k
2021: €130k
2022: €157k
2023: €187k
2024: €220k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20.27M-€20.29M▲ 0.1%€20.31M▲ 0.1%€20.34M▲ 0.1%€18.16M▼ 10.7%
Operating result€35k-€25k▼ 26.9%€29k▲ 13.0%€34k▲ 19.4%€7k▼ 80.0%
Net result€26k-€19k▼ 27.3%€23k▲ 21.0%€26k▲ 13.3%€-2.17M
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.57M
Fixed assets
€411k ▼ 98.0%
Current assets
€18.16M ▲ 2,926%
Equity and liabilities €18.57M
Equity
€18.16M ▼ 10.7%
Debt
€405k ▲ 6.6%
Debt's share of the balance-sheet total rises from 1.8% to 2.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €42k
Cash flow
€-2.16M▼
2024 · €33k
Current ratio
44.85▲
2024 · 1.58
Debt to equity
0.02▲
2024 · 0.02
ROE
-12.0%▼
2024 · 0.1%
ROA
-11.7%▼
2024 · 0.1%
Interest coverage
0.00▼
2024 · 72.49
Debt ≤ 1 year
€405k▲
2024 · €380k
Income taxes
€29k▲
2024 · €9k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€20.72M€18.57M▼
Fixed assets21/28€20.12M€411k▼
Tangible fixed assets22/27€363k€411k▲
Land and buildings22€363k€411k▲
Financial fixed assets28€19.75M€0▼
Current assets29/58€600k€18.16M▲
Amounts receivable within one year40/41€205k€17.61M▲
Trade receivables40€205k€115k▼
Other amounts receivable41€0€17.50M▲
Current investments50/53€261k€0▼
Cash at bank and in hand54/58€108k€511k▲
Deferred charges and accrued income490/1€25k€33k▲
Equity and liabilities
Total equity and liabilities10/49€20.72M€18.57M▼
Equity10/15€20.34M€18.16M▼
Contributions10/11€30.02M€30.02M=
Reserves13€206k€206k=
Distributable reserves133€206k€206k=
Profit (loss) carried forward14€-9.89M€-12.06M▼
Amounts payable17/49€380k€405k▲
Amounts payable within one year42/48€380k€405k▲
Trade debts44€70k€76k▲
Suppliers440/4€70k€76k▲
Taxes, remuneration and social security45€10k€29k▲
Taxes450/3€10k€29k▲
Other amounts payable47/48€300k€300k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€4k€10k▲
Gross operating margin9900€46k€25k▼
Operating profit (loss)9901€34k€7k▼
Financial income75/76B€699€104k▲
Recurring financial income75€699€104k▲
Financial charges65/66B€579€2.25M▲
Recurring financial charges65€579€-10.25M▼
Non-recurring financial charges66B-€12.50M
Profit (loss) for the period before taxes9903€34k€-2.14M▼
Income taxes67/77€9k€29k▲
Profit (loss) for the period9904€26k€-2.17M▼
Profit (loss) for the period to be appropriated9905€26k€-2.17M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9.89M€-12.06M▼
Profit (loss) brought forward from the previous period14P€-9.92M€-9.89M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-2.17M ▼8616%
Net result drops to €-2.17M, the lowest in the series.
31-12
Financial
Liquidity times 28current ratio 44.85
Current ratio from 1.58 to 44.85.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
31-12
Financial
Highest result since 2018net €37k ▲48.4%
Operating result €51k, net result €37k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Staden · 1 establishment unit since 2006
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.
Lindestraat(STA) 18840 StadenGround area
4,106 m²
Building footprint
383 m²
Volume, LiDAR
682 m³
2 parcels, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
STAGEL
since 20062.150.903.239
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019A0908/00C000 | Flanders | 2,884 m² | 1 · 233 m² | - |
| 36019A0938/00R000 | Flanders | 1,222 m² | 1 · 150 m² | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 82,562 companies in sector 70200 we hold annual accounts for 52,574. 4,366 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.