DAVID & STEPAN
InactiveDAVID & STEPAN was declared bankrupt on 09-12-2024 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 21-10-2025, published in the Belgian State Gazette on 07-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
31 d early
2021
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€24k▼ 63.8%
2022 · €67k
2021: €45k
2022: €67k
2021 → 2023
Working capital
€-58k▲ 9.2%
2022 · €-63k
2021: €-112k
2022: €-63k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€65k-€131k▲ 103%€155k▲ 18.3%
Operating result€59k-€5k▼ 91.4%€34k▲ 564%
Net result€45k-€67k▲ 48.9%€24k▼ 63.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 564% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €303k
Fixed assets
€289k ▼ 2.3%
Current assets
€14k ▲ 14.0%
Equity and liabilities €303k
Equity
€155k ▲ 18.3%
Debt
€147k ▼ 16.5%
Debt's share of the balance-sheet total falls from 57.3% to 48.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2022 · €11k
Cash flow
€31k▼
2022 · €73k
Current ratio
0.19▲
2022 · 0.16
Debt to equity
0.95▼
2022 · 1.34
ROE
15.5%▼
2022 · 50.7%
ROA
8.0%▼
2022 · 21.7%
Interest coverage
11.73▲
2022 · 4.13
Debt ≤ 1 year
€71k▼
2022 · €75k
Debt > 1 year
€74k▼
2022 · €101k
Income taxes
€6k▲
2022 · €740
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 · 2023 against 2022 · 42 lines
Balance sheet
Code20222023
Assets
Total assets20/58€308k€303k▼
Fixed assets21/28€295k€289k▼
Tangible fixed assets22/27€25k€19k▼
Furniture and vehicles24€25k€19k▼
Financial fixed assets28€270k€270k=
Current assets29/58€12k€14k▲
Amounts receivable within one year40/41€9k€14k▲
Trade receivables40€9k€14k▲
Other amounts receivable41€4€9▲
Cash at bank and in hand54/58€3k-
Deferred charges and accrued income490/1€139€144▲
Equity and liabilities
Total equity and liabilities10/49€308k€303k▼
Equity10/15€131k€155k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€111k€135k▲
Amounts payable17/49€176k€147k▼
Amounts payable after more than one year17€101k€74k▼
Financial debts170/4€101k€74k▼
Amounts payable within one year42/48€75k€71k▼
Current portion of amounts payable after more than one year42€28k€32k▲
Financial debts43-€6
Credit institutions430/8-€6
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€15k€12k▼
Taxes450/3€15k€12k▼
Other amounts payable47/48€31k€24k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€406€447▲
Gross operating margin9900€12k€41k▲
Operating profit (loss)9901€5k€34k▲
Financial income75/76B€65k-
Recurring financial income75€65k-
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€67k€30k▼
Income taxes67/77€740€6k▲
Profit (loss) for the period9904€67k€24k▼
Profit (loss) for the period to be appropriated9905€67k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€111k€135k▲
Profit (loss) brought forward from the previous period14P€45k€111k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SRL DAVID & STEPAN AVENUE D’OPHEM 12/4, 1150 WOLUWE-SAINT-PIERRE. déclarée le 9 décembre 2024 · event 21-10-2025
2024
16-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL DAVID & STEPAN AVENUE D’OPHEM 12/4, 1150 WOLUWE-SAINT-PIERRE · event 09-12-2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €24k ▼63.8%
Net result drops to €24k, the lowest in the series.
31-12
Financial
Equity above €150kEq €155k ▲18.3%
3 profitable years in a row build equity to €155k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €67k ▲48.9%
Net result €67k, the highest in the series.
31-12
Financial
Equity above €100kEq €131k ▲103%
2 profitable years in a row build equity to €131k.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CLAIRE VAN DE VELDE AVENUE DE FRE 229,
1180 UCCLE |
09-12-2024 → 21-10-2025 |