De Stalen Greep
ActiveSummary
De Stalen Greep has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.58M and a net result of €16k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 90% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-1
Solvency100=
Growth46▲+14
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420k at 30 days acceptable
Liquidity ample (current ratio 5.16 against 4.13 in 2024; short-term debt: 18.1% and cash: 11.3% of total assets), and 18.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
81.2%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
15 d early
2023
35 d early
2022
18 d early
2021
34 d early
2020
15 d early
2019
17 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€13.19M▲ 7.1%
2024 · €12.32M
2018: €13.18M
2019: €12.93M
2020: €12.37M
2021: €13.05M
2022: €13.16M
2023: €13.40M
2024: €12.32M
2018 → 2025
EBIT margin
-0.4%▼ 0.4pp
2024 · 0.0%
2018: 0.3%
2019: 0.8%
2020: 7.7%
2021: 6.3%
2022: 1.8%
2023: 1.3%
2024: 0.0%
2018 → 2025
Net result
€16k▼ 77.6%
2024 · €70k
2018: €71k
2019: €110k
2020: €762k
2021: €720k
2022: €226k
2023: €171k
2024: €70k
2018 → 2025
Working capital
€5.16M▲ 2.2%
2024 · €5.05M
2018: €5.16M
2019: €4.76M
2020: €5.30M
2021: €4.85M
2022: €5.05M
2023: €5.04M
2024: €5.05M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.05M-€13.16M▲ 0.9%€13.40M▲ 1.8%€12.32M▼ 8.1%€13.19M▲ 7.1%
Equity€5.09M-€5.32M▲ 4.4%€5.49M▲ 3.2%€5.56M▲ 1.3%€5.58M▲ 0.3%
Operating result€816k-€243k▼ 70.2%€169k▼ 30.6%€1k▼ 99.3%€-50k
Net result€720k-€226k▼ 68.6%€171k▼ 24.4%€70k▼ 59.3%€16k▼ 77.6%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €50k after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.86M
Fixed assets
€458k ▼ 19.9%
Current assets
€6.41M ▼ 4.0%
Equity and liabilities €6.86M
Equity
€5.58M ▲ 0.3%
Debt
€1.29M ▼ 23.4%
Debt's share of the balance-sheet total falls from 23.2% to 18.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▼
2024 · €120k
Cash flow
€148k▼
2024 · €189k
Current ratio
5.16▲
2024 · 4.13
Quick ratio
2.92▲
2024 · 2.47
Debt to equity
0.23▼
2024 · 0.30
ROE
0.3%▼
2024 · 1.3%
ROA
0.2%▼
2024 · 1.0%
Interest coverage
18.89▼
2024 · 26.90
Debt ≤ 1 year
€1.24M▼
2024 · €1.62M
Debt > 1 year
€38k▼
2024 · €55k
Income taxes
€12k▼
2024 · €31k
Staff costs
€2.00M▼
2024 · €2.02M
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 · 75 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.24M€6.86M▼
Fixed assets21/28€572k€458k▼
Intangible fixed assets21€298k€216k▼
Tangible fixed assets22/27€199k€167k▼
Land and buildings22€105k€97k▼
Plant, machinery and equipment23€11k€23k▲
Furniture and vehicles24€61k€40k▼
Other tangible fixed assets26€21k€7k▼
Financial fixed assets28€75k€76k▲
Other financial fixed assets284/8€75k€76k▲
Amounts receivable and cash guarantees285/8€75k€76k▲
Current assets29/58€6.67M€6.41M▼
Stocks and contracts in progress3€2.68M€2.78M▲
Stocks30/36€2.68M€2.78M▲
Goods purchased for resale34€2.68M€2.78M▲
Amounts receivable within one year40/41€2.82M€2.82M▲
Trade receivables40€2.77M€2.77M▼
Other amounts receivable41€45k€53k▲
Current investments50/53€15k€15k=
Other investments51/53€15k€15k=
Cash at bank and in hand54/58€1.13M€778k▼
Deferred charges and accrued income490/1€25k€21k▼
Equity and liabilities
Total equity and liabilities10/49€7.24M€6.86M▼
Equity10/15€5.56M€5.58M▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€5.49M€5.50M▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€5.47M€5.49M▲
Amounts payable17/49€1.68M€1.29M▼
Amounts payable after more than one year17€55k€38k▼
Financial debts170/4€55k€38k▼
Credit institutions173€55k€38k▼
Amounts payable within one year42/48€1.62M€1.24M▼
Current portion of amounts payable after more than one year42€16k€17k▲
Trade debts44€1.33M€973k▼
Suppliers440/4€1.33M€973k▼
Taxes, remuneration and social security45€274k€252k▼
Taxes450/3€19k€77k▲
Remuneration and social security454/9€255k€176k▼
Accrued charges and deferred income492/3€11k€8k▼
Income statement
Code20242025
Operating income70/76A€12.40M€13.28M▲
Turnover70€12.32M€13.19M▲
Other operating income74€81k€85k▲
Non-recurring operating income76A€2k€0▼
Operating charges60/66A€12.40M€13.33M▲
Goods for resale, raw materials and consumables60€8.59M€9.07M▲
Purchases600/8€8.69M€9.17M▲
Change in stocks: decrease (increase)609€-95k€-94k▲
Services and other goods61€1.56M€1.70M▲
Remuneration, social security and pensions62€2.02M€2.00M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€132k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€-522▼
Other operating charges640/8€93k€424k▲
Operating profit (loss)9901€1k€-50k▼
Financial income75/76B€119k€121k▲
Recurring financial income75€119k€121k▲
Income from current assets751€253€372▲
Other financial income752/9€119k€121k▲
Financial charges65/66B€20k€43k▲
Recurring financial charges65€20k€43k▲
Debt charges650€4k€4k▼
Other financial charges652/9€15k€39k▲
Profit (loss) for the period before taxes9903€100k€28k▼
Income taxes67/77€31k€12k▼
Taxes670/3€31k€12k▼
Profit (loss) for the period9904€70k€16k▼
Profit (loss) for the period to be appropriated9905€70k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€16k▼
Transfer to equity691/2€70k€16k▼
To other reserves6921€70k€16k▼
Social balance
Average headcount (FTE)908731.930.4▼
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
State Gazette act
Capital & shares · RestructuringDemerger · Accounting effect · Capital decrease10 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Accounting effect · Capital decrease10 facts ▸
- General meeting, 23-07-2026
- Demerger, partielle splitsing, aandelen op naam
- Accounting effect, 01-01-2026
- Capital decrease, €-44.537,91
- Capital increase, €31.037,91
- Capital, €61.500
- Power of attorney, VANDEWALLE Maarten Leon Roza Prosper
- Power of attorney, VANDEWALLE Maarten Leon Roza Prosper
- Split balance sheet, 31-12-2025
- Split proposal, 10-06-2026, Griffie van de Ondernemingsrechtbank te Gent afdeling Brugge
04-08
State Gazette act
Appointment: BEDRIJFSREVISOR BART BOSMAN (statutory auditor)Permanent representative: Bart Bosman3 facts ▸
State Gazette act
Appointment: BEDRIJFSREVISOR BART BOSMAN (statutory auditor)
Permanent representative: Bart Bosman3 facts ▸
- General meeting, 17/06/2026
- Auditor appointment, BEDRIJFSREVISOR BART BOSMAN (statutory auditor)
- Permanent representative, Bart Bosman
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
18-06
State Gazette act
RestructuringDemerger · Share issue · Accounting effect6 facts ▸
State Gazette act
Restructuring
Demerger · Share issue · Accounting effect6 facts ▸
- Demerger, partiële splitsing door overneming
- Share issue, 274, uitreiking aan aandeelhouders van de partieel te splitsen vennootschap
- Accounting effect, 01-01-2026
- Net-asset statement, 31-12-2025
- Share transfer, KRIMALI → METAALWAREN VANCANNEYT
- Share transfer, VANCI → METAALWAREN VANCANNEYT
2025
31-12
Financial
Weakest financial yearnet €16k ▼77.6%
Net result drops to €16k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €762k ▲591%
Operating result €952k, net result €762k, both a record.
31-12
Financial
Equity above €5MEq €5.51M ▲16.1%
3 profitable years in a row build equity to €5.51M.
Show earlier events
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 1979
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.
Bedevaartstraat 538700 TieltGround area
1.1 ha
Building footprint
9,677 m²
Volume, LiDAR
83,624 m³
2 parcels, Flanders · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Seyntexlaan 5, 8700 Tielt
since 19792.015.982.276
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303H0113/00Y000 | Flanders | 6,452 m² | 1 · 6,452 m² | 12.4 m · 4 fl. |
| 37303I0666/00S000 | Flanders | 4,862 m² | 1 · 3,225 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Bedrijfsrevisor Bart BosmanCurrent Statutory auditor · represented by Bart Bosman | 04-08-2026 → present |
Structure & network
Acquisitions and mergers
1 transactionSplit off to:METAALWAREN VANCANNEYT
Capital and shareholders
Shareholders according to the acts
Share transfer
act of 18-06-2026 ↗
- KRIMALI to METAALWAREN VANCANNEYT (BE 0423.086.779) 137 shares
- VANCI to METAALWAREN VANCANNEYT (BE 0423.086.779) 137 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 27-08-2026 Capital reduction of 44,537.91 EUR · to 30,462.09 EUR · in a demerger
- 27-08-2026 Capital increase of 31,037.91 EUR · to 61,500 EUR · from reserves
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 56,529 EUR awarded · 57,237 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 15,088 EUR | 20,923 EUR |
| 2024 | 2 | 20,068 EUR | 14,187 EUR |
| 2023 | 2 | 9,412 EUR | 10,166 EUR |
| 2022 | 2 | 11,961 EUR | 11,961 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,288. 555 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-03-1979
Fiscal year end31-12
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.