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 2 of the last 3 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STAL D’OR from Sint-Niklaas, company number BE0787491431, closed financial year 2025 with a result of € 17,081 after tax. For that financial year STAL D’OR recorded a gross margin of € 38,704 and equity of € -25,393. Compared with financial year 2024, the result moved from € -69,212 to € 17,081. 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 April 28, 2026.
€ -25,393
▲ € 17,081 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,081
▲ still € 69,212 loss in 2024
Profit after tax over the fiscal year.
€ 134
▲ € 131 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 € -30,393.
People and assets in 2025
€ 27,254
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,329
▲ 182% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 44,015 | € -57,641 | € 38,704 | ▲ € 96,344 |
| Profit after taxes | € 22,537 | € -69,212 | € 17,081 | ▲ € 86,293 |
| Equity | € 26,737 | € -42,475 | € -25,393 | ▲ € 17,081 |
| Total debts | € 459,121 | € 612,534 | € 621,471 | ▲ 1% |
| Cash | € 13,428 | € 3 | € 134 | ▲ € 131 |
| Land & buildings | - | € 205,117 | € 194,772 | ▼ 5% |
| Retained profit | € 21,737 | € -47,475 | € -30,393 | ▲ € 17,081 |
| Dividend | € 800 | € 0 | € 0 | |
| Bank debt | € 0 | € 49,629 | € 0 | ▼ 100% |
| Balance sheet total | € 485,858 | € 570,059 | € 596,077 | ▲ 5% |
By gross margin, STAL D’OR ranks 5th of 8 companies with main activity “Fokken en houden van paarden en andere paardachtigen” in Sint-Niklaas that publish figures (fiscal year 2025).
Key figures of STAL D’OR, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about STAL D’OR the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
Connect ChatGPT or Claude for free- ChatGPT
- Claude
Free account, no payment card. Key figures unlimited, the annual accounts and deeds of 10 companies a month. Need more? Get in touch, we are looking for our first pilot users.
What happened to STAL D’OR?
What happened at STAL D’OR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,081. Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Sint-Niklaas. KBO
- Ruben De Grave became a director. NBB
In short
From € 22,537 profit in 2023 to € 17,081 profit in 2025.
Paid € 5,593 in corporate taxes since 2023.
Best year ever: 2023, with € 22,537 profit.
Paid out € 800 in dividends to the owners in total.
Management
Behind STAL D’OR is Ruben De Grave.
Directors
According to the 2025 annual accounts
Ruben De Grave
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Zeveneekhoekstraat 75
9100 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in Sint-Niklaas
Same main activity (Fokken en houden van paarden en andere paardachtigen), 8 active companies in Sint-Niklaas, largest first.
€ 2.5 million gross margin · 2025
€ 1.6 million gross margin · 2025
€ 327,231 gross margin · 2025
€ 58,674 gross margin · 2025
€ 26,555 gross margin · 2025
€ 15,196 gross margin · 2025
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- DE GRAVE, Ruben(oprichter) 100%
Details
- Company number
- 0787.491.431
- VAT number
- BE 0787.491.431
- Registered office
- Zeveneekhoekstraat 75, 9100 Sint-Niklaas
- Names & denominations
- STAL D’OR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2022
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Fokken en houden van paarden en andere paardachtigen
Activiteiten van holdings
Ondersteunende activiteiten in verband met de veeteelt
Activiteiten van paardensportclubs
Detailhandel in overige sportartikelen
Handel in eigen onroerend goed
Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels
Holdings