STANCO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of STANCO is 1.9% (moderate). The 2025 annual accounts show equity of €24k and a net result of €4k. Equity is growing by ~29.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 224 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	10-06-2026	51 d early	2026-00151653
31-12-2024	31-07-2025	17-06-2025	44 d early	2025-00145151
31-12-2023	31-07-2024	17-06-2024	44 d early	2024-00137526
31-12-2022	31-07-2023	30-08-2023	30 d late	2023-00380229

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.9% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€4k-6.7%

Working capital€23k+103.4%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 10-06-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~29.7%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 25 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	54.7%	39.4%	better than 64% of 224 sector peers
Net result	€4k	€15k	better than 28% of 224 sector peers
Equity	€24k	€46k	better than 31% of 224 sector peers
Gross operating margin	€13k	€41k	better than 18% of 223 sector peers
Total assets	€45k	€133k	better than 16% of 224 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P64

Improving position over 2022-2025 · n=224-695

Net result P28

Stable position over 2022-2025 · n=224-694

Equity P31

Stable position over 2022-2025 · n=224-695

Gross operating margin P18

Weakening position over 2022-2025 · n=223-693

Describes the position versus peers, not a forecast.

EBITDA

€11k

-35.8% 22-25

Net profit

€4k

-6.7% 22-25

Cash flow

€7k

-42.4% 22-25

Total assets

€45k

-3.1% 22-25

Equity

€24k

+20.5% 22-25

Working capital

€23k

+103.4% 22-25

Income taxes

€3k

-24.9% 22-25

Debt

€20k

-21.7% 22-25

Debt ≤ 1y

€16k

+18.5% 22-25

Debt > 1y

€4k

-66.1% 22-25

Current ratio

2.46

+32.9% 22-25

Quick ratio

2.46

+32.9% 22-25

Solvency

54.7%

+24.4% 22-25

Debt / equity

0.83

-35.0% 22-25

ROE

17.0%

-22.6% 22-25

ROA

9.3%

-3.7% 22-25

Interest coverage

10.57

-40.8% 22-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€11k
Net profit	€4k
Cash flow	€7k
Staff costs	-
Income taxes	€3k
Dividends	-
Total assets	€45k
Equity	€24k
Debt	€20k
of which ≤ 1y	€16k
of which > 1y	€4k
Working capital	€23k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.46
Quick ratio	2.46
Working capital ratio	52.4%
Solvency	54.7%
Debt / equity	0.83
Long-term debt ratio	0.17
Interest coverage	10.57
Gross margin	-
Net margin	-
ROA	9.3%
ROE	17.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €5k · 11.6% Current assets €39k · 88.4%

Equity & liabilities

Equity €24k · 54.7% Debt €20k · 45.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€45k
Fixed assets	21/28	€5k
Tangible fixed assets	22/27	€5k
Current assets	29/58	€39k
Amounts receivable within one year	40/41	€6k
Cash & bank	54/58	€31k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€45k
Equity	10/15	€24k
Contributions / capital	10/11	€3k
Reserves	13	€22k
Amounts payable	17/49	€20k
Amounts payable after one year	17	€4k
Amounts payable within one year	42/48	€16k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€13k
Operating result	9901	€8k
Financial income	75	€5
Financial charges	65	€1k
Result before taxes	9903	€7k
Income taxes	67/77	€3k
Net result for the period	9904	€4k
Result to be appropriated	9905	€4k