Stan
ActiveSummary
Stan has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €477k and a net result of €40k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 233 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-4
Solvency100▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.72 against 4.7 in 2024; short-term debt: 20.8% and cash: 63.3% of total assets), and 23.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
76.8%
Return on assets
6.5%
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 31-08-2026, 31 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
31 d late
2024
48 d late
2023
26 d late
2022
94 d late
2021
83 d early
2020
115 d early
2019
121 d early
← 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
25-09-2026 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
€40k▼ 30.9%
2024 · €58k
2018: €79k
2019: €20k▼ -74.2% vs 2018
2020: €12k▼ -42.6% vs 2019
2021: €43k▲ +267% vs 2020
2022: €81k▲ +88.9% vs 2021highest in 8 years
2023: €-67k▼ -183% vs 2022lowest in 8 years
2024: €58k▲ +187% vs 2023
2025: €40k▼ -30.9% vs 2024
2018 → 2025
Working capital
€480k▲ 1.2%
2024 · €474k
2018: €302klowest in 8 years
2019: €322k▲ +6.8% vs 2018
2020: €375k▲ +16.3% vs 2019
2021: €401k▲ +7.0% vs 2020
2022: €453k▲ +13.0% vs 2021
2023: €366k▼ -19.2% vs 2022
2024: €474k▲ +29.5% vs 2023
2025: €480k▲ +1.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€364k-€445k▲ 22.4%€378k▼ 15.1%€436k▲ 15.4%€477k▲ 9.3%
2021: €364klowest in 5 years
2022: €445k▲ +22.4% vs 2021
2023: €378k▼ -15.1% vs 2022
2024: €436k▲ +15.4% vs 2023
2025: €477k▲ +9.3% vs 2024highest in 5 years
Operating result€43k-€82k▲ 89.0%€-67k€58k€40k▼ 30.3%
2021: €43k
2022: €82k▲ +89.0% vs 2021highest in 5 years
2023: €-67k▼ -181% vs 2022lowest in 5 years
2024: €58k▲ +187% vs 2023
2025: €40k▼ -30.3% vs 2024
Net result€43k-€81k▲ 88.9%€-67k€58k€40k▼ 30.9%
2021: €43k
2022: €81k▲ +88.9% vs 2021highest in 5 years
2023: €-67k▼ -183% vs 2022lowest in 5 years
2024: €58k▲ +187% vs 2023
2025: €40k▼ -30.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €621k
Fixed assets
€12k ▲ 43.7%
Current assets
€609k ▲ 1.1%
Equity and liabilities €621k
Equity
€477k ▲ 9.3%
Debt
€144k ▼ 17.4%
Debt's share of the balance-sheet total falls from 28.5% to 23.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▼
2024 · €63k
Cash flow
€44k▼
2024 · €64k
Current ratio
4.72▲
2024 · 4.70
Debt to equity
0.30▼
2024 · 0.40
ROE
8.5%▼
2024 · 13.4%
ROA
6.5%▼
2024 · 9.6%
Interest coverage
77.16▼
2024 · 119.84
Debt ≤ 1 year
€129k▲
2024 · €128k
Staff costs
€565k▲
2024 · €487k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€610k€621k▲
Fixed assets21/28€8k€12k▲
Tangible fixed assets22/27€4k€7k▲
Plant, machinery and equipment23-€4k
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€4k€5k▲
Current assets29/58€602k€609k▲
Amounts receivable within one year40/41€192k€83k▼
Trade receivables40€134k€13k▼
Other amounts receivable41€58k€70k▲
Current investments50/53€67k€67k=
Cash at bank and in hand54/58€337k€393k▲
Deferred charges and accrued income490/1€6k€66k▲
Equity and liabilities
Total equity and liabilities10/49€610k€621k▲
Equity10/15€436k€477k▲
Contributions10/11€39k€39k=
Capital10€39k€39k=
Profit (loss) carried forward14€398k€438k▲
Amounts payable17/49€174k€144k▼
Amounts payable within one year42/48€128k€129k▲
Trade debts44€58k€68k▲
Suppliers440/4€58k€68k▲
Taxes, remuneration and social security45€53k€44k▼
Taxes450/3€5k-
Remuneration and social security454/9€48k€44k▼
Accrued charges and deferred income492/3€46k€15k▼
Income statement
Code20242025
Remuneration, social security and pensions62€487k€565k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€552k€611k▲
Operating profit (loss)9901€58k€40k▼
Financial income75/76B€1k€766▼
Recurring financial income75€1k€766▼
Financial charges65/66B€524€563▲
Recurring financial charges65€524€563▲
Profit (loss) for the period before taxes9903€59k€40k▼
Income taxes67/77€52-
Profit (loss) for the period9904€58k€40k▼
Profit (loss) for the period to be appropriated9905€58k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€398k€438k▲
Profit (loss) brought forward from the previous period14P€339k€398k▲
Social balance
Average headcount (FTE)90875.36.6▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €40 | - | €1k | - | - | - |
| Remuneration, social security and pensions62 | €704k | €664k | €560k | €487k | €565k | ▲ 16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €5k | €7k | €5k | €3k | ▼ 36.1% |
| Other operating charges640/8 | €2k | €2k | €3k | €3k | €3k | ▼ 0.4% |
| Non-recurring operating charges66A | €14k | - | €428 | - | - | - |
| Gross operating margin9900 | €768k | €754k | €504k | €552k | €611k | ▲ 10.6% |
| Operating profit (loss)9901 | €43k | €82k | €-67k | €58k | €40k | ▼ 30.3% |
| Financial income75/76B | €38 | €5 | €26 | €1k | €766 | ▼ 44.3% |
| Recurring financial income75 | €38 | €5 | €26 | €1k | €766 | ▼ 44.3% |
| Financial charges65/66B | €422 | €761 | €603 | €524 | €563 | ▲ 7.5% |
| Recurring financial charges65 | €422 | €672 | €603 | €524 | €563 | ▲ 7.5% |
| Non-recurring financial charges66B | - | €89 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €43k | €81k | €-67k | €59k | €40k | ▼ 31.0% |
| Income taxes67/77 | - | - | - | €52 | - | - |
| Profit (loss) for the period9904 | €43k | €81k | €-67k | €58k | €40k | ▼ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €43k | €81k | €-67k | €58k | €40k | ▼ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €517k | €658k | €598k | €610k | €621k | ▲ 1.7% |
| Fixed assets21/28 | €9k | €13k | €12k | €8k | €12k | ▲ 43.7% |
| Tangible fixed assets22/27 | €4k | €9k | €8k | €4k | €7k | ▲ 60.4% |
| Plant, machinery and equipment23 | €4k | €3k | €433 | - | €4k | - |
| Furniture and vehicles24 | - | €6k | €8k | €4k | €3k | ▼ 36.5% |
| Financial fixed assets28 | €5k | €4k | €4k | €4k | €5k | ▲ 25.2% |
| Current assets29/58 | €507k | €645k | €586k | €602k | €609k | ▲ 1.1% |
| Amounts receivable within one year40/41 | €116k | €338k | €122k | €192k | €83k | ▼ 56.5% |
| Trade receivables40 | €48k | €249k | €70k | €134k | €13k | ▼ 90.1% |
| Other amounts receivable41 | €68k | €89k | €51k | €58k | €70k | ▲ 21.0% |
| Current investments50/53 | - | - | €67k | €67k | €67k | = |
| Cash at bank and in hand54/58 | €382k | €300k | €329k | €337k | €393k | ▲ 16.4% |
| Deferred charges and accrued income490/1 | €9k | €7k | €69k | €6k | €66k | ▲ 946% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €517k | €658k | €598k | €610k | €621k | ▲ 1.7% |
| Equity10/15 | €364k | €445k | €378k | €436k | €477k | ▲ 9.3% |
| Contributions10/11 | - | €39k | €39k | €39k | €39k | = |
| Capital10 | - | €39k | €39k | €39k | €39k | = |
| Profit (loss) carried forward14 | €325k | €407k | €340k | €398k | €438k | ▲ 10.2% |
| Amounts payable17/49 | €153k | €213k | €220k | €174k | €144k | ▼ 17.4% |
| Amounts payable within one year42/48 | €107k | €192k | €220k | €128k | €129k | ▲ 0.7% |
| Trade debts44 | €48k | €119k | €120k | €58k | €68k | ▲ 17.2% |
| Suppliers440/4 | €48k | €119k | €120k | €58k | €68k | ▲ 17.2% |
| Advances received on contracts in progress46 | - | - | €17k | - | - | - |
| Taxes, remuneration and social security45 | €59k | €56k | €66k | €53k | €44k | ▼ 16.9% |
| Taxes450/3 | €42 | - | €20k | €5k | - | - |
| Remuneration and social security454/9 | €59k | €56k | €46k | €48k | €44k | ▼ 7.9% |
| Accrued charges and deferred income492/3 | €46k | €21k | - | €46k | €15k | ▼ 67.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €81k | €-67k | €58k | €40k | ▼ 30.9% |
| + Depreciation and write-downs630 | €6k | €5k | €7k | €5k | €3k | ▼ 36.1% |
| Operating cash flow (approximation) | €49k | €87k | €-61k | €64k | €44k | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | €-9k | €-5k | €-1k | €-7k | ▼ 404% |
| Change in cash | - | €-82k | €29k | €9k | €55k | ▲ 532% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 48 days late
2024
31-12
Financial
Back to profitnet €58k
Net result €58k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 94 days late
2022
31-12
Financial
Highest result since 2018net €81k ▲88.9%
Net result €81k, the highest in the series.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-04
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.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 2006
Ground area
1,474 m²
Building footprint
1,475 m²
Volume, LiDAR
29,575 m³
Parcel 11802B0096/00A000, Flanders · tallest building 25.9 m, ±7 floors. Linked by address, not a title deed.
31
companies at this address
See who is registered here
1 establishment unit
Stan vzw
since 20062.156.480.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0096/00A000 | Flanders | 1,474 m² | 1 · 1,474 m² | 25.9 m · 7 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 2,320,746 EUR awarded · 2,261,879 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 592,540 EUR | 584,880 EUR |
| 2024 | 1 | 540,232 EUR | 536,639 EUR |
| 2023 | 2 | 529,696 EUR | 545,993 EUR |
| 2022 | 1 | 658,278 EUR | 594,367 EUR |
Schemes
Professionele kunsten: Werkingssubsidie voor een kunstenorganisatie voor een periode van 5 jaar (Kunstendecreet 2021)
Professionele kunsten: Werkingssubsidie voor een professionele kunstenorganisatie (Kunstendecreet 2013)
Professionele kunsten: Projectsubsidie voor een initiatief van een kunstenaar, een kunstwerker of een kunstenorganisatie (Kunstendecreet 2021)
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Of 2,276 companies in sector 90202 we hold annual accounts for 413. 253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded15-08-1989
Fiscal year end31-12
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
18130Pre-press and pre-media services
Contact
Phone
+32 478407361Antwerpen
Scores and ratios are computed by Checked and are not a credit decision.