Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
STALGES from Watermaal-Bosvoorde, company number BE0432184785, closed financial year 2025 with a result of € 8,543 after tax. For that financial year STALGES recorded a gross margin of € 33,584 and equity of € -394,375. Compared with financial year 2024, the result moved from € 7,928 to € 8,543. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ -394,375
▲ € 8,543 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,543
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 21,933
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -481,608.
People and assets in 2025
€ 17,613
▼ 20% vs 2024
Of which on lease € 17,613.
Debts at end 2025
€ 464,798
▼ 1% vs 2024
€ 3,317 is repaid this year. At this pace the long-term loan is gone in ≈ 140 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,343 | € 22,787 | € 30,316 | € 33,584 | ▲ 11% |
| Profit after taxes | € 36 | € -7,426 | € 7,928 | € 8,543 | ▲ 8% |
| Equity | € -403,420 | € -410,846 | € -402,918 | € -394,375 | ▲ € 8,543 |
| Total debts | € 563,607 | € 559,849 | € 525,196 | € 475,970 | ▼ 9% |
| Cash | € 67,341 | € 74,026 | € 46,343 | € 21,933 | ▼ 53% |
| Land & buildings | € 69,854 | € 56,023 | € 42,191 | € 32,226 | ▼ 24% |
| Retained profit | € -490,653 | € -498,079 | € -490,151 | € -481,608 | ▲ € 8,543 |
| Bank debt | € 149,486 | € 149,249 | € 468,082 | € 464,798 | ▼ 1% |
| Balance sheet total | € 160,187 | € 149,004 | € 122,278 | € 81,595 | ▼ 33% |
Key figures of STALGES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to STALGES?
What happened at STALGES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,543 (▲ 8% vs 2024). Source: NBB ↗
- Cécile Sztalberg became a director. NBB
- Alain Delchambre became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 36 profit in 2022 to € 8,543 profit in 2025.
Paid € 68 in corporate taxes since 2022.
Best year ever: 2025, with € 8,543 profit.
Management
Behind STALGES are Cécile Sztalberg and Alain Delchambre. Cécile Sztalberg is also behind TRANSITION-S and Centre d'innovation médicale Michel Cremer/Marie Curie.
Directors
According to the 2025 annual accounts
Cécile Sztalberg
Managing director
Also active at: TRANSITION-S, Centre d'innovation médicale Michel Cremer/Marie Curie
since 2022
Alain Delchambre
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Joseph Hanse Hof 6
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.184.785
- VAT number
- BE 0432.184.785
- Registered office
- Joseph Hanse Hof 6, 1170 Watermaal-Bosvoorde
- Names & denominations
- STALGES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 1987
- Peppol
- Not registered