IMMO STEPPUS
ActiveSummary
IMMO STEPPUS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €288k and a net result of €-85k. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-13
Solvency31▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 4.05 against 4.1 in 2024; short-term debt: 11.1% and cash: 2.8% of total assets), but 94.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
17 d early
2023
30 d early
2022
3 d early
2021
29 d late
2020
38 d early
2019
on the day
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€288k▼ 22.9%
2024 · €374k
2018: €404k
2019: €436k▲ +8.1% vs 2018highest in 8 years
2020: €322k▼ -26.1% vs 2019
2021: €211k▼ -34.6% vs 2020lowest in 8 years
2022: €314k▲ +49.1% vs 2021
2023: €368k▲ +17.2% vs 2022
2024: €374k▲ +1.5% vs 2023
2025: €288k▼ -22.9% vs 2024
2018 → 2025
Total assets
€5.04M▲ 4.9%
2024 · €4.81M
2018: €2.08Mlowest in 8 years
2019: €2.87M▲ +37.8% vs 2018
2020: €4.19M▲ +45.8% vs 2019
2021: €4.32M▲ +3.1% vs 2020
2022: €4.52M▲ +4.7% vs 2021
2023: €4.63M▲ +2.5% vs 2022
2024: €4.81M▲ +3.7% vs 2023
2025: €5.04M▲ +4.9% vs 2024highest in 8 years
2018 → 2025
Net result
€-85k
2024 · €6k
2018: €-10k
2019: €33k▲ +432% vs 2018
2020: €-114k▼ -450% vs 2019lowest in 8 years
2021: €-112k▲ +2.1% vs 2020
2022: €104k▲ +193% vs 2021highest in 8 years
2023: €54k▼ -47.9% vs 2022
2024: €6k▼ -89.4% vs 2023
2025: €-85k▼ -1598% vs 2024
2018 → 2025
Working capital
€1.70M▲ 21.9%
2024 · €1.40M
2018: €-186k
2019: €-60k▲ +67.9% vs 2018
2020: €-84k▼ -40.7% vs 2019
2021: €-280k▼ -233% vs 2020
2022: €-300k▼ -7.2% vs 2021lowest in 8 years
2023: €-125k▲ +58.2% vs 2022
2024: €1.40M▲ +1212% vs 2023
2025: €1.70M▲ +21.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€314k▲ 49.1%€368k▲ 17.2%€374k▲ 1.5%€288k▼ 22.9%
2021: €211klowest in 5 years
2022: €314k▲ +49.1% vs 2021
2023: €368k▲ +17.2% vs 2022
2024: €374k▲ +1.5% vs 2023highest in 5 years
2025: €288k▼ -22.9% vs 2024
Operating result€-54k-€187k€147k▼ 21.7%€101k▼ 31.2%€52k▼ 48.1%
2021: €-54klowest in 5 years
2022: €187k▲ +446% vs 2021highest in 5 years
2023: €147k▼ -21.7% vs 2022
2024: €101k▼ -31.2% vs 2023
2025: €52k▼ -48.1% vs 2024
Net result€-112k-€104k€54k▼ 47.9%€6k▼ 89.4%€-85k
2021: €-112klowest in 5 years
2022: €104k▲ +193% vs 2021highest in 5 years
2023: €54k▼ -47.9% vs 2022
2024: €6k▼ -89.4% vs 2023
2025: €-85k▼ -1598% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.04M
Fixed assets
€2.78M ▼ 6.1%
Current assets
€2.26M ▲ 22.4%
Equity and liabilities €5.04M
Equity
€288k ▼ 22.9%
Debt
€4.75M ▲ 7.2%
Debt's share of the balance-sheet total rises from 92.2% to 94.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€220k▼
2024 · €270k
Cash flow
€82k▼
2024 · €175k
Current ratio
4.05▼
2024 · 4.10
Quick ratio
0.34▼
2024 · 0.59
Debt to equity
16.48▲
2024 · 11.86
ROE
-29.6%▼
2024 · 1.5%
ROA
-1.7%▼
2024 · 0.1%
Interest coverage
1.60▼
2024 · 2.89
Debt ≤ 1 year
€559k▲
2024 · €451k
Debt > 1 year
€4.18M▲
2024 · €3.98M
Income taxes
€171▼
2024 · €2k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.81M€5.04M▲
Fixed assets21/28€2.96M€2.78M▼
Tangible fixed assets22/27€2.96M€2.77M▼
Land and buildings22€2.95M€2.77M▼
Plant, machinery and equipment23€4k€857▼
Financial fixed assets28€4k€7k▲
Current assets29/58€1.85M€2.26M▲
Stocks and contracts in progress3€1.58M€2.07M▲
Stocks30/36€1.58M€2.07M▲
Amounts receivable within one year40/41€140k€45k▼
Trade receivables40€58k€45k▼
Other amounts receivable41€82k-
Cash at bank and in hand54/58€48k€142k▲
Deferred charges and accrued income490/1€79k€5k▼
Equity and liabilities
Total equity and liabilities10/49€4.81M€5.04M▲
Equity10/15€374k€288k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€312k€226k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€306k€220k▼
Amounts payable17/49€4.43M€4.75M▲
Amounts payable after more than one year17€3.98M€4.18M▲
Financial debts170/4€3.98M€4.18M▲
Amounts payable within one year42/48€451k€559k▲
Current portion of amounts payable after more than one year42€289k€290k▲
Trade debts44€21k€33k▲
Suppliers440/4€21k€33k▲
Taxes, remuneration and social security45€39k€129k▲
Taxes450/3€39k€129k▲
Other amounts payable47/48€100k€107k▲
Accrued charges and deferred income492/3€7k€16k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€169k€168k▼
Other operating charges640/8€16k€37k▲
Gross operating margin9900€286k€257k▼
Operating profit (loss)9901€101k€52k▼
Financial income75/76B€17€0▼
Recurring financial income75€17€0▼
Financial charges65/66B€93k€138k▲
Recurring financial charges65€93k€138k▲
Profit (loss) for the period before taxes9903€8k€-85k▼
Income taxes67/77€2k€171▼
Profit (loss) for the period9904€6k€-85k▼
Profit (loss) for the period to be appropriated9905€6k€-85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-85k▼
Transfer from equity791/2-€85k
Transfer to equity691/2€6k-
To other reserves6921€6k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €28k | €26k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €218k | €238k | €202k | €169k | €168k | ▼ 0.7% |
| Other operating charges640/8 | €11k | €2k | €12k | €16k | €37k | ▲ 125% |
| Gross operating margin9900 | €175k | €427k | €361k | €286k | €257k | ▼ 10.3% |
| Operating profit (loss)9901 | €-54k | €187k | €147k | €101k | €52k | ▼ 48.1% |
| Financial income75/76B | €102 | €24 | €23 | €17 | €0 | ▼ 99.9% |
| Recurring financial income75 | €102 | €24 | €23 | €17 | €0 | ▼ 99.9% |
| Financial charges65/66B | €60k | €60k | €75k | €93k | €138k | ▲ 47.5% |
| Recurring financial charges65 | €60k | €60k | €75k | €93k | €138k | ▲ 47.5% |
| Profit (loss) for the period before taxes9903 | €-114k | €127k | €72k | €8k | €-85k | ▼ 1,221% |
| Transfer from deferred taxes780 | €2k | - | - | - | - | - |
| Income taxes67/77 | - | €23k | €18k | €2k | €171 | ▼ 91.0% |
| Profit (loss) for the period9904 | €-112k | €104k | €54k | €6k | €-85k | ▼ 1,598% |
| Transfer from tax-exempt reserves789 | €5k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-107k | €104k | €54k | €6k | €-85k | ▼ 1,598% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.32M | €4.52M | €4.63M | €4.81M | €5.04M | ▲ 4.9% |
| Fixed assets21/28 | €4.23M | €4.39M | €4.36M | €2.96M | €2.78M | ▼ 6.1% |
| Tangible fixed assets22/27 | €4.22M | €4.38M | €4.35M | €2.96M | €2.77M | ▼ 6.2% |
| Land and buildings22 | €4.21M | €4.37M | €4.35M | €2.95M | €2.77M | ▼ 6.1% |
| Plant, machinery and equipment23 | €15k | €10k | €7k | €4k | €857 | ▼ 77.9% |
| Financial fixed assets28 | €8k | €8k | €8k | €4k | €7k | ▲ 72.4% |
| Current assets29/58 | €83k | €129k | €273k | €1.85M | €2.26M | ▲ 22.4% |
| Stocks and contracts in progress3 | - | - | - | €1.58M | €2.07M | ▲ 31.0% |
| Stocks30/36 | - | - | - | €1.58M | €2.07M | ▲ 31.0% |
| Amounts receivable within one year40/41 | €11k | €2k | €84k | €140k | €45k | ▼ 67.9% |
| Trade receivables40 | €11k | - | - | €58k | €45k | ▼ 22.4% |
| Other amounts receivable41 | - | €2k | €84k | €82k | - | - |
| Cash at bank and in hand54/58 | €69k | €126k | €35k | €48k | €142k | ▲ 194% |
| Deferred charges and accrued income490/1 | €3k | €1k | €154k | €79k | €5k | ▼ 93.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.32M | €4.52M | €4.63M | €4.81M | €5.04M | ▲ 4.9% |
| Equity10/15 | €211k | €314k | €368k | €374k | €288k | ▼ 22.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €149k | €252k | €306k | €312k | €226k | ▼ 27.4% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €143k | €246k | €300k | €306k | €220k | ▼ 28.0% |
| Amounts payable17/49 | €4.11M | €4.21M | €4.27M | €4.43M | €4.75M | ▲ 7.2% |
| Amounts payable after more than one year17 | €3.74M | €3.78M | €3.87M | €3.98M | €4.18M | ▲ 5.1% |
| Financial debts170/4 | €3.74M | €3.78M | €3.87M | €3.98M | €4.18M | ▲ 5.1% |
| Amounts payable within one year42/48 | €363k | €429k | €398k | €451k | €559k | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | €302k | €330k | €288k | €289k | €290k | ▲ 0.3% |
| Trade debts44 | €16k | €6k | €10k | €21k | €33k | ▲ 53.7% |
| Suppliers440/4 | €16k | €6k | €10k | €21k | €33k | ▲ 53.7% |
| Taxes, remuneration and social security45 | €45k | €91k | €11k | €39k | €129k | ▲ 226% |
| Taxes450/3 | €45k | €91k | €11k | €39k | €129k | ▲ 226% |
| Other amounts payable47/48 | €1k | €3k | €89k | €100k | €107k | ▲ 6.1% |
| Accrued charges and deferred income492/3 | €868 | - | €2k | €7k | €16k | ▲ 121% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-112k | €104k | €54k | €6k | €-85k | ▼ 1,598% |
| + Depreciation and write-downs630 | €218k | €238k | €202k | €169k | €168k | ▼ 0.7% |
| Operating cash flow (approximation) | €106k | €342k | €256k | €175k | €82k | ▼ 52.9% |
| Investment in fixed assets (approximation) | - | €-396k | €-173k | €1.23M | €13k | ▼ 99.0% |
| Change in cash | - | €58k | €-91k | €13k | €94k | ▲ 617% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 6current ratio 4.10
Current ratio from 0.68 to 4.10.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €104k
Net result €104k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-114k
Net result drops to €-114k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
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.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Olen · 1 establishment unit since 2003
Ground area
904 m²
Building footprint
294 m²
Volume, LiDAR
1,647 m³
Parcel 13029B0224/00G000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
.
since 20032.145.147.575
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029B0224/00G000 | Flanders | 904 m² | 1 · 294 m² | 10.2 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded29-12-1988
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.