ACTIVE

ST'AN

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Financial year 2025 · closed on 30/09/2025

Net result

40,9 k €

-17.9% YoY

Gross margin

448,7 k €

+4.1% YoY

Equity

424,8 k €

+10.6% YoY

Workforce

9,4 ETP

0.0% YoY

What does ST'AN do?

ST'AN is a Private limited company incorporated in 2011. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Soignies. It employs on average 9,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0840.674.650

Incorporation

27/10/2011

Legal form

Private limited company

Registered office

Rue de Mons 21
7060 Soignies · WallonieSee on map

Contributed capital

25 000,00 €

Latest accounts

30/09/2025

Average workforce

9,4 ETP

Activities (NACE)

47770Retail sale of watches and jewellery in specialised stores· main 47770Retail sale of watches and jewellery in specialised stores

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	448,7 k €	+4.1%	431 k €	+3.5%	416,4 k €	-5.1%	439 k €	+12.5%	390,1 k €	-10.8%	437,3 k €	+6.4%	411,1 k €	-49.8%	819,3 k €	+54.1%	531,5 k €	+27.9%	415,7 k €	+50.4%	276,4 k €	-6.2%	294,7 k €	+377%	61,8 k €
EBITDA	82,6 k €	-5.5%	87,4 k €	+2.0%	85,7 k €	-34.8%	131,5 k €	-2.3%	134,6 k €	+20.5%	111,7 k €	-8.0%	121,3 k €	-41.8%	208,3 k €	+26.5%	164,7 k €	-18.2%	201,2 k €	+31.1%	153,5 k €	-21.0%	194,3 k €	+334%	44,8 k €
Operating result	61 k €	-12.6%	69,8 k €	-8.7%	76,4 k €	-24.3%	100,9 k €	+18.3%	85,3 k €	+48.3%	57,5 k €	+17.0%	49,1 k €	-59.0%	119,8 k €	+91.1%	62,7 k €	-22.4%	80,8 k €	-27.3%	111,2 k €	-22.4%	143,2 k €	+2406%	5,7 k €
Net result	40,9 k €	-17.9%	49,8 k €	-19.7%	62 k €	-30.0%	88,5 k €	+28.1%	69,1 k €	+66.0%	41,6 k €	+34.2%	31 k €	-65.1%	89 k €	+101%	44,2 k €	-22.0%	56,7 k €	-32.8%	84,3 k €	-8.0%	91,7 k €	+6346%	-1,5 k €
Balance sheet
Equity	424,8 k €	+10.6%	384 k €	-41.9%	660,9 k €	+10.4%	598,9 k €	+35.9%	440,6 k €	+18.6%	371,5 k €	+12.6%	329,9 k €	+10.4%	298,8 k €	+1.1%	295,4 k €	+17.6%	251,2 k €	+29.1%	194,5 k €	+76.5%	110,2 k €	+368%	23,5 k €
Total assets	1,1 M €	-16.1%	1,3 M €	-8.0%	1,4 M €	+13.6%	1,2 M €	+9.9%	1,1 M €	+7.7%	1 M €	-10.2%	1,1 M €	+1.3%	1,1 M €	+3.8%	1,1 M €	-10.5%	1,2 M €	+81.8%	667,4 k €	+15.3%	578,7 k €	+6.0%	545,8 k €
Cash	69,4 k €	-37.3%	110,7 k €	-11.7%	125,4 k €	+149%	50,4 k €	-49.1%	99,1 k €	+44.1%	68,8 k €	-23.2%	89,5 k €	+11.9%	80 k €	+161%	30,6 k €	-80.1%	153,9 k €	+88.3%	81,7 k €	+52.9%	53,4 k €	+24.6%	42,9 k €
Debts	634,5 k €	-27.8%	879,2 k €	+23.3%	712,9 k €	+16.4%	612,6 k €	-7.8%	664,2 k €	+2.7%	646,8 k €	-19.4%	802,6 k €	-1.4%	813,9 k €	+5.6%	770,8 k €	-18.6%	946,4 k €	+110%	451,1 k €	-3.2%	466,2 k €	-10.6%	521,4 k €
Other
Workforce	9,4 ETP	0.0%	9,4 ETP	0.0%	9,4 ETP	+1.1%	9,3 ETP	-7.0%	10,0 ETP	-2.0%	10,2 ETP	+6.2%	9,6 ETP	-23.8%	12,6 ETP	+2.4%	12,3 ETP	+43.0%	8,6 ETP	+72.0%	5,0 ETP	+66.7%	3,0 ETP	-40.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 14 ended

Active mandates

Andy Livis

Director

Active

Livis Invest

Chairman of the board of directors · 0679.692.163

Represented by Steve Livis

Active

Ended mandates

Chantal Laforge

Manager · since 31 octobre 2011 · until 30 septembre 2017

Ended

Steve Livis

Manager · since 31 octobre 2011 · until 30 septembre 2017

Ended

Andy Livis

Manager

Ended

Bernard Livis

Director

Ended

At this address

Other companies at this address

Company	CBE no.
LIBICA● Active	0440.947.251
Libimo● Active	0679.737.002
Livis Invest● Active	0679.692.163
VILL'OR● Active	0472.029.318

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/04/2026	11/04/2025	29/03/2024	11/04/2023	25/03/2022	27/04/2021
General meeting	30/03/2026	10/03/2025	11/03/2024	16/03/2023	15/03/2022	26/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	30/03/2026	23/04/2026	French	PDF
Abridged model	30/09/2024	10/03/2025	11/04/2025	French	PDF
Abridged model	30/09/2023	11/03/2024	29/03/2024	French	PDF
Abridged model	30/09/2022	16/03/2023	11/04/2023	French	PDF
Abridged model	30/09/2021	15/03/2022	25/03/2022	French	PDF
Abridged model	30/09/2020	26/03/2021	27/04/2021	French	PDF
Abridged model	30/09/2019	16/03/2020	15/04/2020	French	PDF
Abridged model	30/09/2018	21/03/2019	12/04/2019	French	PDF
Abridged model	30/09/2017	15/03/2018	03/05/2018	French	PDF
Abridged model	30/09/2016	16/03/2017	29/04/2017	French	PDF
Abridged model	30/09/2015	17/03/2016	05/04/2016	French	PDF
Abridged model	30/09/2014	19/03/2015	31/03/2015	French	PDF
Abridged model	30/09/2013	20/03/2014	30/04/2014	French	PDF
Abridged model	30/09/2012	21/03/2013	30/04/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 14 ended

Active mandates

Andy Livis

Director

Active

Livis Invest

Chairman of the board of directors · 0679.692.163

Represented by Steve Livis

Active

Ended mandates

Chantal Laforge

Manager · since 31 octobre 2011 · until 30 septembre 2017

Ended

Steve Livis

Manager · since 31 octobre 2011 · until 30 septembre 2017

Ended

Andy Livis

Manager

Ended

Bernard Livis

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/10/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates02/01/2018
DEMISSIONS, NOMINATIONS
PDF
Other31/10/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202540,9 k €↓
2024
Annual accounts 202449,8 k €↓
2023
Annual accounts 202362 k €↓
2022
Annual accounts 202288,5 k €↑
2020
Annual accounts 202069,1 k €↑
2019
Annual accounts 201941,6 k €↑
2018
Annual accounts 201831 k €↓
2017
Annual accounts 201789 k €↑
2016
Annual accounts 201644,2 k €↓
2015
Annual accounts 201556,7 k €↓
2014
Annual accounts 201484,3 k €↓
2013
Annual accounts 201391,7 k €↑
2012
Annual accounts 2012-1,5 k €
27/10/2011
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ST'AN

Overview

What does ST'AN do?

Trend over 13 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline