STS
InactiveSTS was declared bankrupt on 17-11-2022 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 28-10-2024, published in the Belgian State Gazette on 06-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 15-07-2022, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
16 d early
2020
31 d late
2019
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
€249k
EBIT margin
95.9%
Net result
€200k▲ 3.4%
2020 · €194k
2018: €41k
2019: €97k
2020: €194k
2018 → 2021
Working capital
€-144k▲ 46.6%
2020 · €-269k
2018: €-278k
2019: €-423k
2020: €-269k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€249k
Equity€360k-€456k▲ 26.9%€650k▲ 42.5%€851k▲ 30.8%
Operating result€258k-€238k▼ 7.8%€325k▲ 36.5%€337k▲ 3.6%
Net result€41k-€97k▲ 135%€194k▲ 100%€200k▲ 3.4%
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 4% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4.19M
Fixed assets
€3.95M ▲ 9.9%
Current assets
€240k ▲ 34.0%
Equity and liabilities €4.19M
Equity
€851k ▲ 30.8%
Debt
€3.34M ▲ 6.9%
Debt's share of the balance-sheet total falls from 82.8% to 79.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€411k▲
2020 · €373k
Cash flow
€274k▲
2020 · €241k
Current ratio
0.63▲
2020 · 0.40
Debt to equity
3.93▼
2020 · 4.11
ROE
23.6%▼
2020 · 29.8%
ROA
4.8%▼
2020 · 5.1%
Interest coverage
6.03
Debt ≤ 1 year
€384k▼
2020 · €449k
Debt > 1 year
€2.95M▲
2020 · €2.67M
Income taxes
€70k▲
2020 · €69k
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 · 2021 against 2020 · 53 lines
Balance sheet
Code20202021
Assets
Total assets20/58€3.77M€4.19M▲
Fixed assets21/28€3.59M€3.95M▲
Tangible fixed assets22/27€2.14M€2.49M▲
Land and buildings22-€2.49M
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€1k
Financial fixed assets28€1.45M€1.46M▲
Current assets29/58€179k€240k▲
Amounts receivable within one year40/41€175k€209k▲
Trade receivables40-€169k
Other amounts receivable41-€40k
Cash at bank and in hand54/58€2k€18k▲
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€3.77M€4.19M▲
Equity10/15€650k€851k▲
Contributions10/11-€40k
Revaluation surpluses12-€278k
Reserves13€333k€533k▲
Non-distributable reserves130/1-€4k
Reserves not available under the articles1311-€4k
Distributable reserves133-€530k
Amounts payable17/49€3.12M€3.34M▲
Amounts payable after more than one year17€2.67M€2.95M▲
Financial debts170/4-€2.95M
Amounts payable within one year42/48€449k€384k▼
Current portion of amounts payable after more than one year42-€150k
Financial debts43-€46k
Other loans439-€46k
Trade debts44€3k€6k▲
Suppliers440/4-€6k
Advances received on contracts in progress46-€93k
Taxes, remuneration and social security45-€41k
Taxes450/3-€40k
Remuneration and social security454/9-€1k
Other amounts payable47/48-€47k
Accrued charges and deferred income492/3-€3k
Income statement
Code20202021
Non-recurring operating income76A-€748
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€74k▲
Other operating charges640/8-€13k
Gross operating margin9900€374k€424k▲
Operating profit (loss)9901€325k€337k▲
Financial income75/76B-€1k
Recurring financial income75€1k€1k▲
Financial charges65/66B-€68k
Recurring financial charges65€63k€68k▲
Profit (loss) for the period before taxes9903€263k€270k▲
Income taxes67/77€69k€70k▲
Profit (loss) for the period9904€194k€200k▲
Transfer from tax-exempt reserves789-€0
Profit (loss) for the period to be appropriated9905€194k€200k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€200k
Transfer to equity691/2-€200k
To other reserves6921-€200k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
06-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · STS BV GENTSE- STEENWEG 102C, 9240 ZELE · event 28-10-2024
2022
23-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · STS BV GENTSEST- EENWEG 102C, 9240 ZELE · event 17-11-2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €200k ▲3.4%
Operating result €337k, net result €200k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €500kEq €650k ▲42.5%
3 profitable years in a row build equity to €650k.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
19-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
19-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
17-11-2022 → 28-10-2024 |
| Curator | VINCENT VERLAECKT HOUTEN
SCHOEN 54, 9100 SINT-NIKLAAS |
17-11-2022 → 28-10-2024 |
| Curator | ADRIAAN DAUWE GROTE MARKT 19, 9200 DENDERMONDE- |
17-11-2022 → 28-10-2024 |