Het Stuur

Active

Private limited companyfounded 20224 yrs activeVaartstraat 98, 1850 Grimbergen, BelgiumKBO/BCE: BE 0783.982.803

The computed 12-month bankruptcy probability of Het Stuur is 2.7% (moderate). The 2025 annual accounts show equity of €10k and a net result of €9k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 445 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability73=

Solvency29▼-5

Growth58▼-20

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 2.6 against 4.2 in 2024; short-term debt: 34.5% and cash: 19.2% of total assets), but 96.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

3.5%

Return on assets

3.2%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 445 sector peers (2025).

NBB · sector comparison

Position among 445 sector peers

Solvency

better than 16%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-04-2026, 112 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

112 d early

2024

141 d early

2023

24 d early

2022

3 d early

← before the deadline after the deadline →

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 months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€10k▼ 66.1%

2024 · €30k

2022: €15k 2023: €18k 2024: €30k

2022 → 2025

Total assets

€284k▼ 9.7%

2024 · €314k

2022: €175k 2023: €301k 2024: €314k

2022 → 2025

Net result

€9k▼ 21.0%

2024 · €12k

2022: €5k 2023: €3k 2024: €12k

2022 → 2025

Working capital

€156k▼ 26.0%

2024 · €211k

2022: €98k 2023: €183k 2024: €211k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€15k-€18k▲ 22.6%€30k▲ 63.9%€10k▼ 66.1%

Operating result€7k-€8k▲ 14.4%€17k▲ 123%€14k▼ 21.8%

Net result€5k-€3k▼ 29.3%€12k▲ 247%€9k▼ 21.0%

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 22% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €284k

11%

89.5%

Fixed assets €30k▼ 20.2%

Current assets €254k▼ 8.2%

Equity and liabilities €284k

96.5%

Equity €10k▼ 66.1%

Debt €274k▼ 3.8%

The debt ratio rises from 90.6% to 96.5%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€29k▼

2024 · €33k

Cash flow

€24k▼

2024 · €27k

Solvency

3.5%▼

2024 · 9.4%

Current ratio

2.60▼

2024 · 4.20

Quick ratio

2.60▼

2024 · 4.20

Debt / equity

27.40▲

2024 · 9.64

ROE

91.0%▲

2024 · 39.0%

ROA

3.2%▼

2024 · 3.7%

Interest coverage

13.28▲

2024 · 10.81

Debt

€274k▼

2024 · €285k

Debt ≤ 1 year

€98k▲

2024 · €66k

Debt > 1 year

€6k▼

2024 · €13k

Income taxes

€2k▼

2024 · €3k

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€314k€284k▼

Fixed assets21/28€37k€30k▼

Tangible fixed assets22/27€37k€30k▼

Plant, machinery and equipment23€4k€2k▼

Furniture and vehicles24€8k€13k▲

Leasing and similar rights25€26k€16k▼

Current assets29/58€277k€254k▼

Amounts receivable within one year40/41€17k€22k▲

Trade receivables40€17k€20k▲

Other amounts receivable41€643€2k▲

Cash at bank and in hand54/58€143k€55k▼

Deferred charges and accrued income490/1€117k€177k▲

Equity and liabilities

Total equity and liabilities10/49€314k€284k▼

Equity10/15€30k€10k▼

Contributions10/11€10k€10k=

Reserves13€20k€0▼

Distributable reserves133€20k€0▼

Profit (loss) carried forward14-€0

Amounts payable17/49€285k€274k▼

Amounts payable after more than one year17€13k€6k▼

Financial debts170/4€13k€6k▼

Amounts payable within one year42/48€66k€98k▲

Current portion of amounts payable after more than one year42€7k€7k▲

Financial debts43-€3k

Credit institutions430/8-€3k

Trade debts44€32k€40k▲

Suppliers440/4€32k€40k▲

Taxes, remuneration and social security45€6k€3k▼

Taxes450/3€6k€3k▼

Other amounts payable47/48€21k€44k▲

Accrued charges and deferred income492/3€206k€170k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼

Other operating charges640/8€976€793▼

Non-recurring operating charges66A-€940

Gross operating margin9900€34k€31k▼

Operating profit (loss)9901€17k€14k▼

Financial income75/76B€50€109▲

Recurring financial income75€50€109▲

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€14k€12k▼

Income taxes67/77€3k€2k▼

Profit (loss) for the period9904€12k€9k▼

Profit (loss) for the period to be appropriated9905€12k€9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€12k€9k▼

Transfer from equity791/2-€20k

Transfer to equity691/2€12k€0▼

To other reserves6921€12k€0▼

Profit to be distributed694/7-€29k

Return on contributions (dividend)694-€29k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

12-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2022net €12k ▲247%

Operating result €17k, net result €12k, both a record.

07-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €3k ▼29.3%

Net result drops to €3k, the lowest in the series; recovery starts the following year.

28-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

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, Grimbergen · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

Vaartstraat 981850 Grimbergen

Ground area

753 m²

Building footprint

103 m²

Volume, LiDAR

799 m³

Parcel 23025C0370/00L000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Het Stuur

Vaartstraat 98, 1850 GrimbergenWholesale trade

since 20222.329.393.335

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23025C0370/00L000	Flanders	753 m²	1 · 103 m²	10.9 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

CLEVAC INTERNATIONAL - D. TOUR BENELUX

Of 1,439 companies in sector 79110 we hold annual accounts for 880. 359 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-03-2022

Fiscal year end31-12

Activities, NACEBEL

79110Travel agency activities

47632Retail sale of bicycles

47785Retail trade

82300Organisation of conventions and trade shows

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.