1stein
ActiveSummary
1stein has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €12k. Equity is growing by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability40▲+2
Solvency32▲+1
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 6.81 in 2024; short-term debt: 41.8% and cash: 1.9% of total assets), but 93.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.7%
Return on assets
1.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 d early
2024
30 d late
2023
27 d early
2022
114 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▲ 35.0%
2024 · €35k
2022: €17k
2023: €15k▼ -14.3% vs 2022lowest in 4 years
2024: €35k▲ +142% vs 2023
2025: €48k▲ +35.0% vs 2024highest in 4 years
2022 → 2025
Total assets
€717k▲ 12.8%
2024 · €636k
2022: €496klowest in 4 years
2023: €911k▲ +83.7% vs 2022highest in 4 years
2024: €636k▼ -30.2% vs 2023
2025: €717k▲ +12.8% vs 2024
2022 → 2025
Net result
€12k▼ 40.4%
2024 · €21k
2022: €-3klowest in 4 years
2023: €-2k▲ +16.1% vs 2022
2024: €21k▲ +951% vs 2023highest in 4 years
2025: €12k▼ -40.4% vs 2024
2022 → 2025
Working capital
€412k▼ 23.1%
2024 · €537k
2022: €242klowest in 4 years
2023: €344k▲ +42.2% vs 2022
2024: €537k▲ +56.1% vs 2023highest in 4 years
2025: €412k▼ -23.1% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€17k-€15k▼ 14.3%€35k▲ 142%€48k▲ 35.0%
2022: €17k
2023: €15k▼ -14.3% vs 2022lowest in 4 years
2024: €35k▲ +142% vs 2023
2025: €48k▲ +35.0% vs 2024highest in 4 years
Operating result€-1k-€20k€54k▲ 177%€29k▼ 47.1%
2022: €-1klowest in 4 years
2023: €20k▲ +1999% vs 2022
2024: €54k▲ +177% vs 2023highest in 4 years
2025: €29k▼ -47.1% vs 2024
Net result€-3k-€-2k▲ 16.1%€21k€12k▼ 40.4%
2022: €-3klowest in 4 years
2023: €-2k▲ +16.1% vs 2022
2024: €21k▲ +951% vs 2023highest in 4 years
2025: €12k▼ -40.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €717k
Fixed assets
€5k ▼ 15.6%
Current assets
€712k ▲ 13.2%
Equity and liabilities €717k
Equity
€48k ▲ 35.0%
Debt
€670k ▲ 11.5%
Debt's share of the balance-sheet total falls from 94.4% to 93.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▼
2024 · €56k
Cash flow
€14k▼
2024 · €22k
Current ratio
2.38▼
2024 · 6.81
Quick ratio
0.12▼
2024 · 0.75
Debt to equity
14.00▼
2024 · 16.95
ROE
25.9%▼
2024 · 58.7%
ROA
1.7%▼
2024 · 3.3%
Interest coverage
2.25▲
2024 · 1.84
Debt ≤ 1 year
€300k▲
2024 · €92k
Debt > 1 year
€366k▼
2024 · €508k
Income taxes
€4k▲
2024 · €4k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€636k€717k▲
Formation expenses20€506€61▼
Fixed assets21/28€6k€5k▼
Intangible fixed assets21€1k€610▼
Tangible fixed assets22/27€5k€5k▼
Furniture and vehicles24€5k€5k▼
Current assets29/58€629k€712k▲
Stocks and contracts in progress3€560k€677k▲
Stocks30/36€560k€677k▲
Amounts receivable within one year40/41€17k€11k▼
Trade receivables40-€193
Other amounts receivable41€17k€11k▼
Cash at bank and in hand54/58€51k€14k▼
Deferred charges and accrued income490/1€193€11k▲
Equity and liabilities
Total equity and liabilities10/49€636k€717k▲
Equity10/15€35k€48k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€15k€28k▲
Amounts payable17/49€601k€670k▲
Amounts payable after more than one year17€508k€366k▼
Financial debts170/4€508k€366k▼
Amounts payable within one year42/48€92k€300k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€77k€84k▲
Suppliers440/4€77k€84k▲
Taxes, remuneration and social security45€2k€2k=
Taxes450/3€2k€2k=
Other amounts payable47/48€13k€214k▲
Accrued charges and deferred income492/3€150€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€222€3k▲
Gross operating margin9900€56k€34k▼
Operating profit (loss)9901€54k€29k▼
Financial income75/76B€363€1k▲
Recurring financial income75€363€1k▲
Financial charges65/66B€30k€13k▼
Recurring financial charges65€30k€13k▼
Profit (loss) for the period before taxes9903€24k€17k▼
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€21k€12k▼
Profit (loss) for the period to be appropriated9905€21k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€28k▲
Profit (loss) brought forward from the previous period14P€-5k€15k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €867 | €1k | €1k | ▲ 16.1% |
| Other operating charges640/8 | €195 | €207 | €222 | €3k | ▲ 1,453% |
| Gross operating margin9900 | €-838 | €21k | €56k | €34k | ▼ 39.7% |
| Operating profit (loss)9901 | €-1k | €20k | €54k | €29k | ▼ 47.1% |
| Financial income75/76B | €4k | €577 | €363 | €1k | ▲ 242% |
| Recurring financial income75 | €4k | €577 | €363 | €1k | ▲ 242% |
| Financial charges65/66B | €6k | €23k | €30k | €13k | ▼ 55.6% |
| Recurring financial charges65 | €6k | €23k | €30k | €13k | ▼ 55.6% |
| Profit (loss) for the period before taxes9903 | €-3k | €-2k | €24k | €17k | ▼ 32.4% |
| Income taxes67/77 | - | - | €4k | €4k | ▲ 12.7% |
| Profit (loss) for the period9904 | €-3k | €-2k | €21k | €12k | ▼ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-2k | €21k | €12k | ▼ 40.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €496k | €911k | €636k | €717k | ▲ 12.8% |
| Formation expenses20 | €1k | €950 | €506 | €61 | ▼ 87.9% |
| Fixed assets21/28 | €2k | €1k | €6k | €5k | ▼ 15.6% |
| Intangible fixed assets21 | €2k | €1k | €1k | €610 | ▼ 40.9% |
| Tangible fixed assets22/27 | - | - | €5k | €5k | ▼ 10.7% |
| Furniture and vehicles24 | - | - | €5k | €5k | ▼ 10.7% |
| Current assets29/58 | €493k | €909k | €629k | €712k | ▲ 13.2% |
| Stocks and contracts in progress3 | €480k | €819k | €560k | €677k | ▲ 20.8% |
| Stocks30/36 | €480k | €819k | €560k | €677k | ▲ 20.8% |
| Amounts receivable within one year40/41 | €6k | €17k | €17k | €11k | ▼ 36.8% |
| Trade receivables40 | - | - | - | €193 | - |
| Other amounts receivable41 | €6k | €17k | €17k | €11k | ▼ 37.9% |
| Cash at bank and in hand54/58 | €7k | €72k | €51k | €14k | ▼ 73.6% |
| Deferred charges and accrued income490/1 | - | - | €193 | €11k | ▲ 5,457% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €496k | €911k | €636k | €717k | ▲ 12.8% |
| Equity10/15 | €17k | €15k | €35k | €48k | ▲ 35.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-3k | €-5k | €15k | €28k | ▲ 80.3% |
| Amounts payable17/49 | €479k | €896k | €601k | €670k | ▲ 11.5% |
| Amounts payable after more than one year17 | €226k | €329k | €508k | €366k | ▼ 27.9% |
| Financial debts170/4 | €226k | €329k | €508k | €366k | ▼ 27.9% |
| Amounts payable within one year42/48 | €251k | €565k | €92k | €300k | ▲ 224% |
| Financial debts43 | €220k | €542k | €0 | - | - |
| Credit institutions430/8 | €220k | €542k | €0 | - | - |
| Trade debts44 | €30k | €20k | €77k | €84k | ▲ 8.6% |
| Suppliers440/4 | €30k | €20k | €77k | €84k | ▲ 8.6% |
| Taxes, remuneration and social security45 | - | - | €2k | €2k | = |
| Taxes450/3 | - | - | €2k | €2k | = |
| Other amounts payable47/48 | €1k | €3k | €13k | €214k | ▲ 1,493% |
| Accrued charges and deferred income492/3 | €2k | €3k | €150 | €4k | ▲ 2,460% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-2k | €21k | €12k | ▼ 40.4% |
| + Depreciation and write-downs630 | - | €867 | €1k | €1k | ▲ 16.1% |
| Operating cash flow (approximation) | €-3k | €-2k | €22k | €14k | ▼ 37.2% |
| Investment in fixed assets (approximation) | - | €-444 | €-6k | €-444 | ▲ 92.7% |
| Change in cash | - | €66k | €-21k | €-38k | ▼ 79.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 6.81
Current ratio from 1.61 to 6.81; short-term debt falls from €565k to €92k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 114 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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
Registered office, Langemark-Poelkapelle · 1 establishment unit since 2021
Ground area
7,922 m²
Building footprint
274 m²
Volume, LiDAR
1,358 m³
Parcel 33002B0460/00R000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
1stein
since 20212.313.480.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33002B0460/00R000 | Flanders | 7,922 m² | 1 · 274 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,970 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.