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L'Etape

Active
Non-profit associationfounded 1976active for 50 yearsRue du Sondart(TOU) 17, 7500 Tournai, BelgiumKBO/BCE: BE 0416.171.372
Summary

L'Etape has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €106,332. Equity is growing by about 6.4% per year across the filed financial years. Its solvency ranks better than 78% of 829 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
L'EtapeActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25999Residential care activities NACE 87992
9th fastest staff growth in Tournai, Manufacturing sector3 sites
Size
≈ €2.7mturnover 2025, estimated
Staff
18.7 FTE
Equity
€1.1m
Surplus
€106,332
Turnover estimated from the gross margin
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
10 members
2025 accounts 17 days early
Why 97lowers riskLegal form: non-profit associationLiquidity: current ratio 3.69, cash €546,240Founded in 1976Equity €1.1m (69.8% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 78% of its sector peers (NACE 25, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 95+4
equity 69.8% of total assets
Liquidity 91+4
short-term debt 12.5% · cash 34.0%
Profitability 77+1
return on assets 6.6%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (749 companies, NACE 25, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026lowest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.69, compared with 3.41 in 2024, above the usual 1.5; short-term debt: 12.5% and cash: 34% of total assets), and 30.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 25, small): better than 82% on solvency, 96% on liquidity, 67% on profitability and 66% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Liquidity: current ratio 3.69, cash €546,240
NBB · annual accounts
lowers risk · Founded in 1976
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €1.1m (69.8% of total assets)
NBB · annual accounts
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 days early
2024
20 days early
2023
48 days early
2022
56 days early
2021
27 days early
2020
46 days early
2019
90 days 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 18 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointments: Etienne Guisset, Philippe De Coninck…Appointment: Stéphanie Huvenne (director)
  2. Annual accounts filedfinancial year 2025 · full…
  3. Highest result from 2018 to 2025net €106,332 ▲20.8%

Key points

  • Positive: 9th fastest staff growth in Tournai, Manufacturing sectorin the Checked rankings No. 9 View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • New directorlatest change 03-09-2026 · 10 in office 1 joined View
  • Active since 1976founded 22-04-1976 50 years View

By topic

Financials

Financial year
2025
Total assets
€1.6m
Profit
€106,332
Solvency
69.8%
Total assets▲ 3.5%
Net result
20182025
Go to Financials

Board & ownership

Board
10 members
  • Jacques BrotcorneChair
  • Béatrice GailletDirector
  • DE CONINCK PhilippeDirector
  • GUISSET EtienneDirector
  • Virginie DelarueDirector

and 5 other directors

Go to Board & ownership

Timeline

Events
52
Since
2006
Next accounts
by 31-07-2027
  1. 22-07-2025Reappointments: Jacques Brotcorne, Béatrice Gaillet and Virginie…
  2. 11-07-2025Annual accounts filed
  3. 07-01-2025Appointment: Quentin ERVYN (daily management delegate)
Go to Timeline

Company details

Sites
3
Legal form
Non-profit association
Activity
Manufacture of fabricated metal products, except machinery and…NACE 25999
Founded
22-04-1976
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Purpose
“Réhabiliter des bâtiments en vue d'en faire des logements décents et prendre part à toute…” (deed in French)
Go to Articles of association

Key facts about L'Etape

What is the company number of L'Etape?
0416.171.372. In Belgium the VAT number is the company number with BE in front: BE 0416.171.372.
Where is L'Etape based?
The registered office is at Rue du Sondart(TOU) 17, 7500 Tournai.Company details
What does L'Etape do?
According to the KBO register, the main activity is manufacture of fabricated metal products, except machinery and equipment (NACE 25999).
What is the legal form of L'Etape?
Non-profit association (VZW).
When was L'Etape founded?
On 22-04-1976.
Is L'Etape still active?
Yes, L'Etape is an active enterprise in the KBO register.
How many employees does L'Etape have?
On average 18.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of L'Etape?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is L'Etape profitable?
In financial year 2025, L'Etape made a profit of €106,332.
Where can I find the annual accounts of L'Etape?
L'Etape filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of L'Etape due?
By 31-07-2027, for financial year 2026.Timeline

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