FIRMA STEPMAN
ActiveFIRMA STEPMAN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €17k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 16% of 971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+7
Solvency39▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 2.11 in 2024; short-term debt: 15.9% and cash: 0.8% of total assets), but 85.6% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
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
14.4%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 971 sector peers (2025).
NBB · sector comparisonPosition among 971 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
44 d early
2022
31 d early
2021
44 d early
2020
26 d late
2019
62 d late
← 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, micro schema
Equity
€64k▲ 37.1%
2024 · €47k
2018: €69k
2019: €67k
2020: €24k
2021: €60k
2022: €69k
2023: €76k
2024: €47k
2018 → 2025
Total assets
€445k▼ 11.2%
2024 · €501k
2018: €766k
2019: €759k
2020: €656k
2021: €663k
2022: €593k
2023: €553k
2024: €501k
2018 → 2025
Net result
€17k▲ 63.1%
2024 · €11k
2018: €20k
2019: €-2k
2020: €-43k
2021: €36k
2022: €8k
2023: €8k
2024: €11k
2018 → 2025
Working capital
€72k▼ 22.6%
2024 · €92k
2018: €-9k
2019: €4k
2020: €-33k
2021: €20k
2022: €26k
2023: €90k
2024: €92k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€69k▲ 13.9%€76k▲ 11.0%€47k▼ 38.7%€64k▲ 37.1%
Operating result€51k-€23k▼ 54.5%€25k▲ 8.9%€35k▲ 40.0%€44k▲ 25.3%
Net result€36k-€8k▼ 76.6%€8k▼ 9.7%€11k▲ 40.3%€17k▲ 63.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €445k
Fixed assets
€303k▼ 7.0%
Current assets
€142k▼ 18.9%
Equity and liabilities €445k
Equity
€64k▲ 37.1%
Debt
€381k▼ 16.1%
The debt ratio falls from 90.7% to 85.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2024 · €76k
Cash flow
€60k▲
2024 · €51k
Solvency
14.4%▲
2024 · 9.3%
Current ratio
2.01▼
2024 · 2.11
Quick ratio
1.44▼
2024 · 1.64
Debt / equity
5.94▼
2024 · 9.71
ROE
27.1%▲
2024 · 22.8%
ROA
3.9%▲
2024 · 2.1%
Interest coverage
3.79▲
2024 · 3.17
Debt
€381k▼
2024 · €455k
Debt ≤ 1 year
€71k▼
2024 · €83k
Debt > 1 year
€300k▼
2024 · €339k
Income taxes
€7k▲
2024 · €4k
Staff costs
€185k▼
2024 · €194k
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€501k€445k▼
Fixed assets21/28€326k€303k▼
Tangible fixed assets22/27€326k€303k▼
Land and buildings22€311k€273k▼
Plant, machinery and equipment23€10k€24k▲
Furniture and vehicles24€5k€6k▲
Current assets29/58€176k€142k▼
Amounts receivable after more than one year29€43k€43k=
Other amounts receivable291€43k€43k=
Stocks and contracts in progress3€39k€40k▲
Stocks30/36€39k€40k▲
Amounts receivable within one year40/41€74k€47k▼
Trade receivables40€52k€39k▼
Other amounts receivable41€21k€8k▼
Cash at bank and in hand54/58€161€4k▲
Deferred charges and accrued income490/1€20k€9k▼
Equity and liabilities
Total equity and liabilities10/49€501k€445k▼
Equity10/15€47k€64k▲
Contributions10/11€19k€19k=
Reserves13€28k€46k▲
Distributable reserves133€28k€46k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€455k€381k▼
Amounts payable after more than one year17€339k€300k▼
Financial debts170/4€339k€300k▼
Amounts payable within one year42/48€83k€71k▼
Current portion of amounts payable after more than one year42€36k€40k▲
Financial debts43€23k€8k▼
Credit institutions430/8€23k€8k▼
Trade debts44€15k€16k▲
Suppliers440/4€15k€16k▲
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€6k€4k▼
Remuneration and social security454/9€4k€3k▼
Other amounts payable47/48-€23
Accrued charges and deferred income492/3€32k€10k▼
Income statement
Code20242025
Remuneration, social security and pensions62€194k€185k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€42k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€26k€36k▲
Gross operating margin9900€296k€308k▲
Operating profit (loss)9901€35k€44k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€24k€23k▼
Recurring financial charges65€24k€23k▼
Profit (loss) for the period before taxes9903€15k€24k▲
Income taxes67/77€4k€7k▲
Profit (loss) for the period9904€11k€17k▲
Profit (loss) for the period to be appropriated9905€11k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€17k▲
Transfer from equity791/2€40k€0▼
Transfer to equity691/2€11k€17k▲
To other reserves6921€11k€17k▲
Profit to be distributed694/7€40k€0▼
Return on contributions (dividend)694€40k€0▼
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €36k
Net result €36k after 2 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Knokke-Heist · 2 establishment units since 2012
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.
Piers de Raveschootlaan 918300 Knokke-HeistGround area
1,240 m²
Building footprint
789 m²
Volume, LiDAR
8,153 m³
2 parcels, Flanders · tallest building 21.7 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
FIRMA STEPMAN
since 20122.208.366.831
FIRMA STEPMAN
since 20172.262.131.060
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0124/00B002 | Flanders | 1,025 m² | 1 · 574 m² | 12.2 m · 4 fl. |
| 31332F0058/00C000 | Flanders | 216 m² | 1 · 216 m² | 21.7 m · 5 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.
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Of 1,823 companies in sector 42220 we hold annual accounts for 958. 694 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2012
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43341Painting of buildings
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
43333Wallpapering and laying of floor and wall coverings in other materials
82990Other business support services
95240Repair and maintenance of furniture and upholstery
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.