Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MICHEL STAS from Huldenberg, company number BE0465170032, closed financial year 2025 with a result of € 18,776 after tax. For that financial year MICHEL STAS recorded a gross margin of € 25,573 and equity of € -33,034. Compared with financial year 2024, the result moved from € 3,504 to € 18,776. 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 June 1, 2026.
€ -33,034
▲ € 18,776 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,776
▲ € 15,272 vs 2024
Profit after tax over the fiscal year.
€ 467
▲ 137% 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 € -53,485.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 49,765
▲ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 67,396
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,356 | € 4,326 | € 10,773 | € 25,573 | ▲ 137% |
| Profit after taxes | € -12,955 | € -3,055 | € 3,504 | € 18,776 | ▲ € 15,272 |
| Equity | € -52,259 | € -55,314 | € -51,810 | € -33,034 | ▲ € 18,776 |
| Total debts | € 152,643 | € 158,158 | € 149,971 | € 145,732 | ▼ 3% |
| Cash | € 287 | € 1,578 | € 197 | € 467 | ▲ 137% |
| Retained profit | € -70,851 | € -73,906 | € -72,261 | € -53,485 | ▲ € 18,776 |
| Bank debt | € 47,074 | € 45,790 | € 48,884 | € 49,765 | ▲ 2% |
| Balance sheet total | € 100,384 | € 102,844 | € 98,161 | € 112,698 | ▲ 15% |
Key figures of MICHEL STAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 May 2027.
What happened to MICHEL STAS?
What happened at MICHEL STAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,776 (▲ € 15,272 vs 2024). filed late Source: NBB ↗
- New establishment in Huldenberg. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,955 loss in 2022 to € 18,776 profit in 2025.
Best year ever: 2025, with € 18,776 profit.
Management
Behind MICHEL STAS is Michel Stas.
Directors
According to the 2025 annual accounts
Michel Stas
Manager
Establishments
Establishment units
Physical locations of this company
Wolfshaegen 114
3040 Huldenberg
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.170.032
- VAT number
- BE 0465.170.032
- Registered office
- Wolfshaegen 114, 3040 Huldenberg
- Names & denominations
- MICHEL STAS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 January 1999
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Overige detailhandel in nieuwe artikelen neg
Overige gespecialiseerde detailhandel in artikelen, andere dan voedingsmiddelen, n.e.g.