DE STER
ActiveDE STER has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €-43k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 296 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-8
Solvency40▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity tight (current ratio 1.12 against 1.14 in 2024; short-term debt: 65.8% and cash: 1.3% of total assets), and 85.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.8%
Return on assets
-6.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-43k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
13 d early
2023
56 d early
2022
7 d early
2021
6 d early
2020
29 d early
2019
1 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-43k▼ 42.7%
2024 · €-30k
2018: €6k
2019: €38k
2020: €-14k
2021: €40k
2022: €-87k
2023: €34k
2024: €-30k
2018 → 2025
Working capital
€54k▼ 21.2%
2024 · €69k
2018: €-121k
2019: €-19k
2020: €42k
2021: €76k
2022: €60k
2023: €74k
2024: €69k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€263k-€176k▼ 33.1%€181k▲ 2.4%€147k▼ 18.7%€104k▼ 29.1%
Operating result€46k-€-75k€57k€-12k€-25k▼ 115%
Net result€40k-€-87k€34k€-30k€-43k▼ 42.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2025 against €12k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704k
Fixed assets
€187k▼ 14.6%
Current assets
€517k▼ 9.0%
Equity and liabilities €704k
Equity
€104k▼ 29.1%
Debt
€600k▼ 6.2%
The debt ratio rises from 81.3% to 85.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€52k▼
2024 · €58k
Cash flow
€35k▼
2024 · €40k
Solvency
14.8%▼
2024 · 18.7%
Current ratio
1.12▼
2024 · 1.14
Quick ratio
1.11▼
2024 · 1.12
Debt / equity
5.77▲
2024 · 4.36
ROE
-41.1%▼
2024 · -20.4%
ROA
-6.1%▼
2024 · -3.8%
Interest coverage
2.02▼
2024 · 2.70
Debt
€600k▼
2024 · €640k
Debt ≤ 1 year
€463k▼
2024 · €500k
Debt > 1 year
€137k▼
2024 · €141k
Income taxes
€275▼
2024 · €300
Staff costs
€926k▲
2024 · €867k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€787k€704k▼
Fixed assets21/28€219k€187k▼
Tangible fixed assets22/27€219k€187k▼
Plant, machinery and equipment23€95k€66k▼
Furniture and vehicles24€4k€4k▼
Leasing and similar rights25€106k€106k▼
Other tangible fixed assets26€13k€11k▼
Current assets29/58€568k€517k▼
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€528k€482k▼
Trade receivables40€474k€335k▼
Other amounts receivable41€54k€147k▲
Cash at bank and in hand54/58€12k€9k▼
Deferred charges and accrued income490/1€22k€20k▼
Equity and liabilities
Total equity and liabilities10/49€787k€704k▼
Equity10/15€147k€104k▼
Contributions10/11€126k€126k=
Capital10€126k€126k=
Issued capital100€126k€126k=
Reserves13€45k€45k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€-24k€-66k▼
Amounts payable17/49€640k€600k▼
Amounts payable after more than one year17€141k€137k▼
Financial debts170/4€141k€137k▼
Amounts payable within one year42/48€500k€463k▼
Current portion of amounts payable after more than one year42€133k€129k▼
Financial debts43€105k€105k=
Credit institutions430/8€105k€105k=
Trade debts44€115k€99k▼
Suppliers440/4€115k€99k▼
Taxes, remuneration and social security45€87k€89k▲
Taxes450/3€20k€18k▼
Remuneration and social security454/9€68k€71k▲
Other amounts payable47/48€59k€41k▼
Income statement
Code20242025
Remuneration, social security and pensions62€867k€926k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€77k▲
Other operating charges640/8€38k€22k▼
Gross operating margin9900€963k€1,000k▲
Operating profit (loss)9901€-12k€-25k▼
Financial income75/76B€4k€9k▲
Recurring financial income75€4k€9k▲
Financial charges65/66B€21k€26k▲
Recurring financial charges65€21k€26k▲
Profit (loss) for the period before taxes9903€-30k€-43k▼
Income taxes67/77€300€275▼
Profit (loss) for the period9904€-30k€-43k▼
Profit (loss) for the period to be appropriated9905€-30k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€-66k▼
Profit (loss) brought forward from the previous period14P-€-24k
Transfer from equity791/2€6k-
Social balance
Average headcount (FTE)908727.527.9▲
The notes to these accounts (11 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-87k ▼318%
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €237k ▲18.9%
2 profitable years in a row build equity to €237k.
24-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 146 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Herselt · 3 establishment units since 1990
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.
Blaubergsesteenweg 212230 HerseltGround area
4,032 m²
Building footprint
1,545 m²
Volume, LiDAR
8,567 m³
3 parcels, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
DE STER NV
since 19902.046.670.306
De Blanke Zwane
since 20182.284.311.693
Prima
since 20182.284.311.792
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392M0539/00B002 | Flanders | 2,423 m² | 1 · 799 m² | 8.8 m · 2 fl. |
| 12014A0773/00V000 | Flanders | 990 m² | 1 · 177 m² | 11.0 m · 3 fl. |
| 13049B0663/00P004 | Flanders | 618 m² | 1 · 569 m² | 11.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 21,265 EUR awarded · 21,265 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 8,849 EUR | 8,849 EUR |
| 2022 | 2 | 12,416 EUR | 12,416 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Aanwervingsincentive voor langdurig werkzoekenden (AWI) - Stopgezet
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Of 429 companies in sector 96101 we hold annual accounts for 254. 184 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-1989
Fiscal year end31-12
Activities, NACEBEL
93011
96101Personal service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.