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STICOMAX

Active
Warandestraat(STA) 4A ·8840 Staden, Belgium
KBO/BCE: BE 0803.650.740
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Age3 yrs
Board2
Staff (FTE)1
Connections31
Real estate1 parcel · 5,125 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of STICOMAX is 0.6% (low). The 2024 annual accounts show equity of €13.89M and a net result of €1.20M. Its solvency ranks better than 45% of 33 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.6% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-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?

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

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

Trust signals

2 signals
More than 3 years active
Founded in 2023, 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 administrative flags

Financials

Turnover€809k+14.0%
EBIT margin-25.5%-79.2pp
Net result€1.20M+3191.3%
Working capital€337k-24.3%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 17-07-2025 with the NBB · fiscal year 2024 · volledig
€-500k€0€500k€1.00MRevenue 2023: €710k€710kOperating result 2023: €381k€381kNet result 2023: €37k€37kRevenue 2024: €809k€809kOperating result 2024: €-206k€-206kNet result 2024: €1.20M€1.20M20232024
RevenueOperating resultNet result
Sector comparison
Fiscal year 2024 · NACE 63 · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 23.9% 24.4%
better than 45% of 33 sector peers
Net result €1.20M €10k
better than 92% of 33 sector peers
Equity €13.89M €95k
better than 95% of 33 sector peers
Total assets €58.14M €854k
better than 95% of 33 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€809k
+14.0% 23-24
EBITDA
€-200k
- far below sector median
Net profit
€1.20M
+3191.3% far above sector median
Cash flow
€1.21M
+355.4% far above sector median
Total assets
€58.14M
+105.0% far above sector median
Equity
€13.89M
+134.0% far above sector median
Working capital
€337k
-24.3% far above sector median
Employees (FTE)
1
- 23-24
Staff costs
€116k
- far above sector median
Income taxes
€272
-97.8% -91% vs sector
Debt
€44.25M
+97.4% far above sector median
Debt ≤ 1y
€5.80M
+17.7% far above sector median
Debt > 1y
€37.98M
+119.7% far above sector median
Current ratio
1.06
-3.0% -67% vs sector
Quick ratio
1.06
-3.0% -67% vs sector
Solvency
23.9%
+14.1% -58% vs sector
Debt / equity
3.19
-15.7% far above sector median
ROE
8.7%
+1306.6% +9% vs sector
ROA
2.1%
+1505.2% -54% vs sector
Net margin
148.8%
+2787.8% 23-24
EBITDA margin
-24.8%
- 23-24
Interest coverage
-0.10
- far below sector median
Figures by fiscal year
Fiscal year2024
Revenue€809k
EBITDA€-200k
Net profit€1.20M
Cash flow€1.21M
Staff costs€116k
Income taxes€272
Dividends-
Total assets€58.14M
Equity€13.89M
Debt€44.25M
of which ≤ 1y€5.80M
of which > 1y€37.98M
Working capital€337k
Employees (FTE)1.0
Ratios (computed)
2024
Current ratio1.06
Quick ratio1.06
Working capital ratio0.6%
Solvency23.9%
Debt / equity3.19
Long-term debt ratio2.73
Interest coverage-0.10
Gross margin-
Net margin148.8%
ROA2.1%
ROE8.7%
EBITDA margin-24.8%
Days sales outstanding75d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€58.14M
Fixed assets 21/28€52.00M
Formation expenses 20€3k
Intangible fixed assets 21€7k
Tangible fixed assets 22/27€42k
Financial fixed assets 28€51.95M
Current assets 29/58€6.14M
Stocks & contracts in progress 3€0
Amounts receivable within one year 40/41€332k
Cash & bank 54/58€156k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€58.14M
Equity 10/15€13.89M
Contributions / capital 10/11€12.65M
Reserves 13€1.24M
Amounts payable 17/49€44.25M
Amounts payable after one year 17€37.98M
Amounts payable within one year 42/48€5.80M
Trade debts payable within one year 44€453k
Income statement
Turnover 70€809k
Operating result 9901€-206k
Financial income 75€4.25M
Financial charges 65€2.84M
Result before taxes 9903€1.20M
Income taxes 67/77€272
Net result for the period 9904€1.20M
Result to be appropriated 9905€1.20M
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
41 / 100 Weak
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

4 directors
Current directors & mandates
  • VCP GPLegal entity
    Director· perm. rep.: VANDE VYVERE Guy
    State Gazette act 24412712 (04-07-2024)
    Current
    04-07-2024 → present
  • Vybros Capital PartnersLegal entity
    Director· perm. rep.: NAUTS Stijn
    State Gazette act 24412712 (04-07-2024)
    Current
    04-07-2024 → present
Former directors (2)
  • VybrosLegal entity
    Director· perm. rep.: VANDE VYVERE Guy
    State Gazette act 24412712 (04-07-2024)
    Former
    - → 04-07-2024
  • Vybros InvestLegal entity
    Director· perm. rep.: NAUTS Stijn
    State Gazette act 24412712 (04-07-2024)
    Former
    - → 04-07-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Overige dienstverlenende activiteiten op het gebied van informatie(63920)
Legal form Private limited company(610)
Incorporation06-07-2023
StatusActive
Postal code8840

Structure & network

Connections & network

31 connected companies
VCP GP, Parent company VGVCP GPVybros Capital Partners, Parent company VCVybros CapitalPartnersCervantes Construct, Subsidiary CCCervantesConstructSTUMACO ENG., Subsidiary SESTUMACO ENG.+21 companies via a shared corporate director +21via a sharedcorporate directorFarmadistri, Shared corporate director FFarmadistriFARMAZORG, Shared corporate director FFARMAZORGJAGA, Shared corporate director JJAGAVYBROSCAFF, Shared corporate director VVYBROSCAFFVYCON, Shared corporate director VVYCONVYSOIL, Shared corporate director VVYSOILSTICOMAX STICOMAX0803.650.740
Group structureShared directorsBundled connections
Group structure
VCP GP
Parent · 22 subsidiaries · 1 location
Control→
Vybros Capital Partners
Parent · 15 subsidiaries · 1 location
Control→
Cervantes Construct
Subsidiary · 1 subsidiary · 1 location
→
STUMACO ENG.
Subsidiary · 1 location
→
Network connections
ALCYVER
Shared corporate director
→
ALLE BOUW MACHINES
Shared corporate director
→
BICO
Shared corporate director
→
ENVIBOOR
Shared corporate director
→
ENVIROSOIL
Shared corporate director
→
Farmadistri
Shared corporate director
→
FARMAZORG
Shared corporate director
→
INTERMAT
Shared corporate director
→
JAGA
Shared corporate director
→
JEDY
Shared corporate director
→
KEGFLOW CORPORATION
Shared corporate director
→
KONTRIMO
Shared corporate director
→
LUDO
Shared corporate director
→
New Crown Service Partners
Shared corporate director
→
Oben Building Machines
Shared corporate director
→
OBEN RENTING EN SERVICE
Shared corporate director
→
STEIGERS INVEST
Shared corporate director
→
VCP Feeder
Shared corporate director
→
VIP Scaffolding
Shared corporate director
→
VYBROSCAFF
Shared corporate director
→
VYCON
Shared corporate director
→
Vydraulics
Shared corporate director
→
VYSOIL
Shared corporate director
→
VYTECH DUFFEL
Shared corporate director
→
VYTECH GROUP
Shared corporate director
→
VYTREE
Shared corporate director
→
VYVAPOWER
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Establishment units

1 location
STICOMAX
Warandestraat(STA) 4A, 8840 StadenHoldings
since 20232.346.923.314
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area5,125 m²
Buildings1
Building footprint1,889 m²
Volume (LiDAR)14,724 m³
Tallest building9.5 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36019B1080/00P002 Flanders 5,125 m² 1 · 1,889 m² 9.5 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

5 acts
Capital history · 7
06-05-2026
Capital increase: amount: 3400000, currency: EUR
06-05-2026
Capital increase: amount: 1785000, currency: EUR
06-05-2026
Capital increase: amount: 510000, currency: EUR
06-05-2026
Capital increase: amount: 340000, currency: EUR
06-05-2026
Capital increase: amount: 425000, currency: EUR
06-05-2026
Capital increase: amount: 170000, currency: EUR
06-05-2026
Capital increase: amount: 170000, currency: EUR
Address history · 1
27-09-2023
v3.2
All acts · 5 updated 3 months ago
2026
06-05-2026 Notarial deed · General meeting · Capital increase · Governance rule Open-capture extraction·Thomas Dusselier
  • Filing: 2026-05-04 · STICOMAX
  • Notarial deed: 2026-04-30 · STICOMAX
  • General meeting: 2026-04-30 · STICOMAX
  • Capital increase: amount: 3400000, currency: EUR · STICOMAX
  • Capital increase: amount: 1785000, currency: EUR · VYMALA
  • Capital increase: amount: 510000, currency: EUR · VYCAM
  • Capital increase: amount: 340000, currency: EUR · XINOCAM
  • Capital increase: amount: 425000, currency: EUR · SIFI
  • Capital increase: amount: 170000, currency: EUR · STICOMAX INVEST
  • Capital increase: amount: 170000, currency: EUR · ZEEBRA INVEST
  • Governance rule: volstorting_binnen_14_dagen · STICOMAX
  • Share distribution: currency: EUR, shares_after: 1000000, shares_before: 1000, total_capital: 21050000, nominal_value_after: 21.05, nominal_value_before: 21050 · STICOMAX
  • Share distribution: class: A, count: 675000 · STICOMAX
  • Share distribution: class: B, count: 275000 · STICOMAX
  • Share distribution: class: C, count: 50000 · STICOMAX
  • Share distribution: class: A, count: 525000 · VYMALA
  • Share distribution: class: A, count: 100000 · VYCAM
  • Share distribution: class: B, count: 50000 · VYCAM
  • Share distribution: class: B, count: 100000 · XINOCAM
  • Share distribution: class: B, count: 125000 · SIFI
  • Share distribution: class: C, count: 50000 · STICOMAX INVEST
  • Share distribution: class: A, count: 50000 · ZEEBRA INVEST
  • Statute amendment: Artikel 5 · STICOMAX
  • Statute amendment: Artikel 9 · STICOMAX
  • Power of attorney: bestuurders · STICOMAX
  • Filing: coördinatie_statuten · STICOMAX
  • Publication: 2026-05-06
  • Act object: STATUTEN (VERTALING, COORDINATIE, OVERIGE
Summary: Notarial deed · General meeting · Capital increase · Governance ruleNotary: Thomas Dusselier
2025
18-02-2025 Articles of association amended Statutes amendment
Summary: v3.2
2024
04-07-2024 2 directors appointed, 2 resigning Director changes
  • VANDE VYVERE Guy, Bestuurder
  • NAUTS Stijn, Bestuurder
  • NAUTS Stijn, Bestuurder
  • VANDE VYVERE Guy, Bestuurder
Summary: v3.2
2023
27-09-2023 Registered office moved from Wortegem-Petegem to Staden Registered-office change
  • Kleistraat 8, 9790 Wortegem-Petegem → Warandestraat 4A, 8840 Staden
Summary: v3.2
10-07-2023 Incorporation of a new BV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health41Profitability48Solvency36Growth78Stability94
59 / 100

Mixed profile: strong on stability, weaker on solvency.

Health 41
Profitability 48
Solvency 36
Growth 78
Stability 94

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990Holdings64200Activiteiten van holdings64210
Primary activity highlighted.
Names & trade names
Legal nameNL STICOMAX
Registered office
Warandestraat(STA) 4A
8840 Staden, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.