Result
€330,605 ▼ 49.0%
The result fell in 2025: the 2024 profit included a one-off income of €517,654.
KAREL STERCKX
Lifetime
19 annual accounts with figures on one time axis, 35 filings since 1990Turnoverpeak €30.7m (2025)
€30.7m▲ 19.3%
Resultlowest -€1.0m (2019)
€330,605▼ 49.0%
Equitypeak €11.0m (2015)
€8.7m▲ 4.0%
Debts
€24.9m▼ 1.2%
Staffpeak 51.7 FTE (2022)
47.8 FTE▲ 1.5%
Board4 names since 2020
1 directorNV Sterckx-Vandekerckhove
Owners2 names in the annual accounts
99.71%Sterckx - Vandekerckhove and 1 other
Documentsfilings and deeds
17-04-202613 days before the deadline
2025financial year
Turnover from €25.7m to €30.7mResult from €648,300 to €330,605Cash from €25,208 to €236,681
Key points
from the 2025 annual accountsDebts
€24.9m 74% of the balance sheet
Financial debts 56%Suppliers 24%Taxes and wages 2%Other 18%
€16.9m of the debts are secured on the company's own assets. In 2023 that was €13.2m.
Staff
50 employees on 30-09-2025
In 2025, 10 people joined and 7 left. On top of that, 9.3 agency workers worked there on average.
Payment terms
94 days to suppliers
KAREL STERCKX pays its suppliers 13 days earlier than in 2024. Customers pay 31 days earlier.
Filings
35 annual accounts 36 filings since 1990
The last five annual accounts were filed 0 to 31 days before the end of the period.
Public support
€548,661 awarded from 2022 to 2025
Flemish support, mostly Ecologiepremie+.
Checked score
87
Excellent
Financially stronger than 44% of small companies in chemicals (NACE 20)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 147 companies (NACE 20, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%▲ +0.3 percentage points vs 04-2025highest value
06-2025: 0.3%▼ -0.6 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%▼ -0.2 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.92, cash €236,681
Profit of €330,605 (financial year 2025)
lowers risk
Founded in 1990
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 20, small). It does better than 21% of them on solvency, 24% on liquidity, 61% on profitability and 72% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as KAREL STERCKX has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of KAREL STERCKX itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for KAREL STERCKX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.92 (0.95 in 2024), below 1. Short-term debt is 38.3% and cash 0.7% of total assets. 74.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 317 sector peers (2025).
NBB · sector comparisonPosition among 317 sector peers
Solvency
better than 21%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €8.7m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 days early
2024
on the day
2023
5 days early
2022
30 days early
2021
31 days early
2020
4 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 17 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end06-11-2026 today30-04-2027 deadline
Board and ownership
NS
NV Sterckx-Vandekerckhove
Managing director, Anne-Marie Vandekerckhove
VB
VRC BEDRIJFSREVISOREN BV
Auditor
- Sterckx - Vandekerckhove 99.71%equity €9.7m (2025) · annual accounts 30-09-2025
Recent changes
Environmental permit granted
Nieuwbouw of aanleggen, Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen, Verwijderen van vrijstaande gebouwen · Provincie West-Vlaanderen
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Provincie West-Vlaanderen
1 statutory auditor reappointed
VRC Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Roobrouck Bart and Debrabandere Lieselore · General meeting of 31-03-2026 · Gazette deed
Environmental permit refused
Slopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Provincie West-Vlaanderen
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| KAREL STERCKX Roeselare | €30.7m | 3.8% | 25.8% | 47.8 |
| MICHELMAN INTERNATIONAL BELGIUM Aubange | €45.7m | 5.7% | 72.3% | 31.8 |
| PROVIRON SILANES BELGIUM Ostend | €27.3m | 4.9% | 7.6% | 31.1 |
| OSTEND BASIC CHEMICALS Ostend | €52.9m | 1.3% | 48.0% | 29 |
| PROVIRON INDUSTRIES Hemiksem | €19.0m | 7.5% | 16.8% | 34.8 |
| LES ENROBES DU GERNY Marche-en-Famenne | €18.3m | -0.8% | 24.8% | 61.8 |
| Amcor Eke Nazareth-De Pinte | €19.1m | -9.1% | 49.1% | 61.1 |
Grey: the largest companies of the sector (chemicals (NACE 20)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as KAREL STERCKX: manufacture of chemicals and chemical products (NACE 20140). They are comparable in size and age: total assets between €15m and €29m, founded between 1983 and 1998.
Official details
Source: KBO- Status
- Active since 22-03-1990Normal situation
- Activity
- Manufacture of chemicals and chemical productsNACE 20140and 1 other
- Joint committees
- 145Horticulture
- 200Auxiliary committee for white-collar workers · annual accounts 30-09-2024
- Establishment unit
- 2.047.832.9208800 Roeselare, since 12-04-1990
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- Total assets
- €33.7m▲ 0.1%
- Employeeson 30-09-2025
- 50▲ 6.4%
- Filing
- Filed on 17-04-2026, 13 days before the end of the filing period
Companies linked to KAREL STERCKX
Parent and group
Insights on KAREL STERCKX
KAREL STERCKX has existed since 1990. Turnover grew from €13.4m in 2007 to €30.7m in 2025 and staff from 24.3 to 47.8 full-time equivalents.
Sterckx - Vandekerckhove holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KAREL STERCKX
- What is the company number of KAREL STERCKX?
- The company number of KAREL STERCKX is 0440.246.673. The VAT number is the same number with BE in front: BE 0440.246.673.
- Where is KAREL STERCKX based?
- The registered office is at Kachtemsestraat 330, 8800 Roeselare.Company details
- What does KAREL STERCKX do?
- According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20140).
- What is the legal form of KAREL STERCKX?
- KAREL STERCKX is a public limited company (NV).
- When was KAREL STERCKX founded?
- KAREL STERCKX was founded on 22-03-1990.
- Is KAREL STERCKX still active?
- Yes, KAREL STERCKX is an active enterprise in the KBO register.
- How many employees does KAREL STERCKX have?
- KAREL STERCKX had an average of 47.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KAREL STERCKX fall under?
- In its 30-09-2024 annual accounts, KAREL STERCKX states joint committees 145 (Horticulture) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of KAREL STERCKX?
- The turnover of KAREL STERCKX was €30.7m in financial year 2025, according to the filed annual accounts.
- Is KAREL STERCKX profitable?
- In financial year 2025, KAREL STERCKX made a profit of €330,605.
- Where can I find the annual accounts of KAREL STERCKX?
- KAREL STERCKX filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KAREL STERCKX due?
- KAREL STERCKX must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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