Immo Concept SteVal
ActiveSummary
Immo Concept SteVal has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,242 and a net result of €22,482. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+98
Solvency64▲+40
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.56 against 1.34 in 2024; short-term debt: 47.1% and cash: 7.5% of total assets), and 60.9% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
39.1%
Return on assets
41.4%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
30 d late
2022
30 d late
2021
46 d early
2020
23 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 31 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,242
2024 · -€1,239
Total assets
€54,354▼ 36.4%
2024 · €85,410
Net result
€22,482
2024 · -€11,128
Working capital
-€11,175
2024 · €18,431
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,274▼ 38.3%€12,286▼ 28.9%-€32,733-€8,625▲ 73.6%€27,447
Net result€6,430within the sector's middle half▼ 63.1%€9,210within the sector's middle half▲ 43.2%-€35,879below the sector's middle half-€11,128below the sector's middle half▲ 69.0%€22,482within the sector's middle half
Equity€36,558within the sector's middle half▲ 21.3%€45,768within the sector's middle half▲ 25.2%€9,889below the sector's middle half▼ 78.4%-€1,239below the sector's middle half€21,242within the sector's middle half
Total assets€71,259within the sector's middle half▲ 19.0%€123,468within the sector's middle half▲ 73.3%€141,989within the sector's middle half▲ 15.0%€85,410within the sector's middle half▼ 39.8%€54,354below the sector's middle half▼ 36.4%
Debt€34,701▲ 16.7%€77,700▲ 124%€132,101▲ 70.0%€86,650▼ 34.4%€33,111▼ 61.8%
Working capital€24,872within the sector's middle half▲ 29.3%€37,565within the sector's middle half▲ 51.0%€22,514within the sector's middle half▼ 40.1%€18,431within the sector's middle half▼ 18.1%-€11,175below the sector's middle half
Solvency51.3%within the sector's middle half▲ 1.0pp37.1%within the sector's middle half▼ 14.2pp7.0%below the sector's middle half▼ 30.1pp-1.5%below the sector's middle half▼ 8.4pp39.1%within the sector's middle half▲ 40.5pp
Current ratio1.75within the sector's middle half▲ 0.041.72within the sector's middle half▼ 0.031.26within the sector's middle half▼ 0.461.34within the sector's middle half▲ 0.080.56below the sector's middle half▼ 0.77
Return on assets (ROA)9.0%within the sector's middle half▼ 20.1pp7.5%within the sector's middle half▼ 1.6pp-25.3%below the sector's middle half▼ 32.7pp-13.0%below the sector's middle half▲ 12.2pp41.4%above the sector's middle half▲ 54.4pp
Staff (FTE)3.1▲ 158%3.5▲ 12.9%3.7▲ 5.7%4.6▲ 24.3%2.4▼ 47.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27,447 after a loss of €8,625 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,354
Fixed assets
€39,907 ▲ 229%
Current assets
€14,447 ▼ 80.3%
Equity and liabilities €54,354
Equity
€21,242
Debt
€33,111
Debt finances 60.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€34,171▲
2024 · -€1,772
Cash flow
€29,205▲
2024 · -€4,274
Quick ratio
0.55▼
2024 · 1.18
Debt to equity
1.56▲
2024 · -69.92
ROE
105.8%
Interest coverage
6.82▲
2024 · -0.27
Debt ≤ 1 year
€25,622▼
2024 · €54,849
Debt > 1 year
€7,481▼
2024 · €31,371
Income taxes
€269▼
2024 · €270
Staff costs
€141,796▼
2024 · €240,255
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €114,166 | €161,522 | €209,249 | €240,255 | €141,796 | ▼ 41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,438 | €17,054 | €16,852 | €6,854 | €6,724 | ▼ 1.9% |
| Other operating charges640/8 | €3,645 | €5,759 | €4,921 | €1,808 | €1,961 | ▲ 8.5% |
| Gross operating margin9900 | €143,523 | €196,622 | €198,290 | €240,291 | €177,929 | ▼ 26.0% |
| Operating profit (loss)9901 | €17,274 | €12,286 | -€32,733 | -€8,625 | €27,447 | ▲ 418% |
| Financial income75/76B | €1,700 | €2,381 | €4,001 | €4,261 | €316 | ▼ 92.6% |
| Recurring financial income75 | €1,700 | €2,381 | €4,001 | €4,261 | €316 | ▼ 92.6% |
| Financial charges65/66B | €5,311 | €3,728 | €6,411 | €6,493 | €5,013 | ▼ 22.8% |
| Recurring financial charges65 | €5,311 | €3,728 | €6,411 | €6,493 | €5,013 | ▼ 22.8% |
| Profit (loss) for the period before taxes9903 | €13,663 | €10,939 | -€35,144 | -€10,857 | €22,751 | ▲ 310% |
| Income taxes67/77 | €7,234 | €1,729 | €735 | €270 | €269 | ▼ 0.3% |
| Profit (loss) for the period9904 | €6,430 | €9,210 | -€35,879 | -€11,128 | €22,482 | ▲ 302% |
| Profit (loss) for the period to be appropriated9905 | €6,430 | €9,210 | -€35,879 | -€11,128 | €22,482 | ▲ 302% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,259 | €123,468 | €141,989 | €85,410 | €54,354 | ▼ 36.4% |
| Fixed assets21/28 | €13,311 | €33,756 | €32,988 | €12,131 | €39,907 | ▲ 229% |
| Tangible fixed assets22/27 | €13,311 | €33,756 | €32,988 | €12,131 | €39,907 | ▲ 229% |
| Land and buildings22 | - | - | - | - | €35,254 | - |
| Plant, machinery and equipment23 | €965 | €482 | - | €2,483 | €4,515 | ▲ 81.8% |
| Furniture and vehicles24 | €1,443 | €29,811 | €31,937 | €9,648 | €138 | ▼ 98.6% |
| Leasing and similar rights25 | €10,903 | €3,463 | €1,051 | - | - | - |
| Current assets29/58 | €57,948 | €89,712 | €109,001 | €73,280 | €14,447 | ▼ 80.3% |
| Stocks and contracts in progress3 | - | - | €9,029 | €8,811 | €328 | ▼ 96.3% |
| Stocks30/36 | - | - | €1,080 | €1,311 | €328 | ▼ 75.0% |
| Contracts in progress37 | - | - | €7,949 | €7,500 | - | - |
| Amounts receivable within one year40/41 | €57,242 | €71,405 | €83,269 | €31,407 | €9,198 | ▼ 70.7% |
| Trade receivables40 | €24,496 | €27,509 | €41,255 | €2,859 | €8,354 | ▲ 192% |
| Other amounts receivable41 | €32,746 | €43,896 | €42,014 | €28,548 | €844 | ▼ 97.0% |
| Cash at bank and in hand54/58 | €394 | €7,741 | €3,512 | €25,021 | €4,086 | ▼ 83.7% |
| Deferred charges and accrued income490/1 | €313 | €10,566 | €13,190 | €8,040 | €835 | ▼ 89.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,259 | €123,468 | €141,989 | €85,410 | €54,354 | ▼ 36.4% |
| Equity10/15 | €36,558 | €45,768 | €9,889 | -€1,239 | €21,242 | ▲ 1,814% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,002 | €30,212 | €30,212 | €30,212 | €30,212 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €19,142 | €28,352 | €28,352 | €28,352 | €28,352 | = |
| Profit (loss) carried forward14 | -€3,044 | -€3,044 | -€38,924 | -€50,052 | -€27,570 | ▲ 44.9% |
| Amounts payable17/49 | €34,701 | €77,700 | €132,101 | €86,650 | €33,111 | ▼ 61.8% |
| Amounts payable after more than one year17 | €1,624 | €25,553 | €45,613 | €31,371 | €7,481 | ▼ 76.2% |
| Financial debts170/4 | €1,624 | €25,553 | €45,613 | €31,371 | €7,481 | ▼ 76.2% |
| Amounts payable within one year42/48 | €33,077 | €52,147 | €86,487 | €54,849 | €25,622 | ▼ 53.3% |
| Current portion of amounts payable after more than one year42 | €13,696 | €14,726 | €23,669 | €14,641 | €4,474 | ▼ 69.4% |
| Trade debts44 | €14,867 | €17,013 | €52,181 | €26,891 | €1,715 | ▼ 93.6% |
| Suppliers440/4 | €14,867 | €17,013 | €52,181 | €26,891 | €1,715 | ▼ 93.6% |
| Taxes, remuneration and social security45 | €4,513 | €20,408 | €10,637 | €13,317 | €1,462 | ▼ 89.0% |
| Taxes450/3 | €2,239 | €3,826 | €3,931 | €5,705 | €635 | ▼ 88.9% |
| Remuneration and social security454/9 | €2,274 | €16,583 | €6,706 | €7,612 | €827 | ▼ 89.1% |
| Other amounts payable47/48 | - | - | - | - | €17,971 | - |
| Accrued charges and deferred income492/3 | - | - | - | €430 | €9 | ▼ 98.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,430 | €9,210 | -€35,879 | -€11,128 | €22,482 | ▲ 302% |
| + Depreciation and write-downs630 | €8,438 | €17,054 | €16,852 | €6,854 | €6,724 | ▼ 1.9% |
| Operating cash flow (approximation) | €14,868 | €26,264 | -€19,027 | -€4,274 | €29,205 | ▲ 783% |
| Investment in fixed assets (approximation) | - | -€37,500 | -€16,084 | €14,004 | -€34,500 | ▼ 346% |
| Change in cash | - | €7,347 | -€4,228 | €21,508 | -€20,934 | ▼ 197% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €22,482
Net result €22,482 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€35,879
Net result drops to -€35,879, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 2003
Ground area
1,814 m²
Building footprint
173 m²
Parcel 56034A0670/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Immo Concept SteVal
since 20032.126.896.927
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56034A0670/00N000 | Wallonia | 1,814 m² | 1 · 173 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,367 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43230Insulation installation
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479145356
Also
9925:BE0479145356
Registered
23-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.