LUC VAN STEERTEGEM
ActiveSummary
LUC VAN STEERTEGEM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€45,132) and a net result of -€8,498. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-80
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.59 in 2024; short-term debt: 116.5% and cash: 6.9% of total assets), and equity is negative.
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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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-40.6%
Return on assets
-7.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€45,132
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
38 d late
2024
3 d early
2023
16 d early
2022
18 d late
2021
31 d early
2020
23 d late
2019
68 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 14 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 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Hove, Construction sector
Equity
-€45,132▼ 23.2%
2024 · -€36,634
Total assets
€111,190▲ 27.3%
2024 · €87,345
Net result
-€8,498
2024 · €31,872
Working capital
-€79,817▼ 63.0%
2024 · -€48,966
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€13,517▼ 16.2%€12,465▼ 7.8%€88,718▲ 612%€49,789▼ 43.9%-€449
Net result€667below the sector's middle half▼ 67.1%-€943below the sector's middle half€67,228above the sector's middle half€31,872above the sector's middle half▼ 52.6%-€8,498below the sector's middle half
Equity-€134,791below the sector's middle half▲ 0.5%-€135,734below the sector's middle half▼ 0.7%-€68,506below the sector's middle half▲ 49.5%-€36,634below the sector's middle half▲ 46.5%-€45,132below the sector's middle half▼ 23.2%
Total assets€116,424within the sector's middle half▲ 9.2%€75,231within the sector's middle half▼ 35.4%€76,203within the sector's middle half▲ 1.3%€87,345within the sector's middle half▲ 14.6%€111,190within the sector's middle half▲ 27.3%
Debt€251,214▲ 3.8%€210,964▼ 16.0%€144,708▼ 31.4%€123,979▼ 14.3%€156,322▲ 26.1%
Working capital-€108,047below the sector's middle half▼ 19.3%-€117,642below the sector's middle half▼ 8.9%-€73,640below the sector's middle half▲ 37.4%-€48,966below the sector's middle half▲ 33.5%-€79,817below the sector's middle half▼ 63.0%
Solvency-115.8%below the sector's middle half▲ 11.2pp-180.4%below the sector's middle half▼ 64.6pp-89.9%below the sector's middle half▲ 90.5pp-41.9%below the sector's middle half▲ 48.0pp-40.6%below the sector's middle half▲ 1.4pp
Current ratio0.44below the sector's middle half▲ 0.010.33below the sector's middle half▼ 0.110.44below the sector's middle half▲ 0.110.59below the sector's middle half▲ 0.150.38below the sector's middle half▼ 0.21
Return on assets (ROA)0.6%below the sector's middle half▼ 1.3pp-1.3%below the sector's middle half▼ 1.8pp88.2%above the sector's middle half▲ 89.5pp36.5%above the sector's middle half▼ 51.7pp-7.6%below the sector's middle half▼ 44.1pp
Staff (FTE)4▲ 8.1%3.3▼ 17.5%2.2▼ 33.3%2▼ 9.1%2=
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 turns negative in 2025: a loss of €449 after €49,789 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,190
Fixed assets
€61,463 ▲ 271%
Current assets
€49,727 ▼ 29.7%
Key figures and ratios
EBITDA
€10,626▼
2024 · €54,929
Cash flow
€2,577▼
2024 · €37,013
Quick ratio
0.33▼
2024 · 0.54
Debt to equity
-3.46▼
2024 · -3.38
Interest coverage
1.31▼
2024 · 7.04
Debt ≤ 1 year
€129,545▲
2024 · €119,741
Debt > 1 year
€24,457▲
2024 · €1,918
Income taxes
€297▼
2024 · €10,918
Staff costs
€138,549▲
2024 · €132,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,795 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €756 | €500 | €804 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €152,119 | €184,100 | €143,358 | €132,066 | €138,549 | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,231 | €5,322 | €4,966 | €5,140 | €11,075 | ▲ 115% |
| Other operating charges640/8 | €5,104 | €4,749 | €3,973 | €3,154 | €3,221 | ▲ 2.1% |
| Non-recurring operating charges66A | €1,086 | - | €6 | €0 | - | - |
| Gross operating margin9900 | €182,057 | €206,636 | €241,019 | €190,149 | €152,397 | ▼ 19.9% |
| Operating profit (loss)9901 | €13,517 | €12,465 | €88,718 | €49,789 | -€449 | ▼ 101% |
| Financial income75/76B | €15 | €12 | €428 | €809 | €337 | ▼ 58.3% |
| Recurring financial income75 | €15 | €12 | €428 | €809 | €337 | ▼ 58.3% |
| Financial charges65/66B | €12,865 | €13,026 | €10,196 | €7,808 | €8,089 | ▲ 3.6% |
| Recurring financial charges65 | €12,865 | €13,026 | €10,196 | €7,808 | €8,089 | ▲ 3.6% |
| Profit (loss) for the period before taxes9903 | €667 | -€549 | €78,949 | €42,790 | -€8,201 | ▼ 119% |
| Income taxes67/77 | - | €394 | €11,721 | €10,918 | €297 | ▼ 97.3% |
| Profit (loss) for the period9904 | €667 | -€943 | €67,228 | €31,872 | -€8,498 | ▼ 127% |
| Profit (loss) for the period to be appropriated9905 | €667 | -€943 | €67,228 | €31,872 | -€8,498 | ▼ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,424 | €75,231 | €76,203 | €87,345 | €111,190 | ▲ 27.3% |
| Fixed assets21/28 | €32,723 | €18,340 | €18,124 | €16,570 | €61,463 | ▲ 271% |
| Tangible fixed assets22/27 | €29,323 | €14,765 | €14,665 | €13,171 | €58,063 | ▲ 341% |
| Plant, machinery and equipment23 | €7,184 | €6,115 | €5,496 | €6,967 | €26,561 | ▲ 281% |
| Furniture and vehicles24 | €15,834 | €3,280 | €4,736 | €2,707 | €28,242 | ▲ 943% |
| Other tangible fixed assets26 | €6,306 | €5,370 | €4,434 | €3,497 | €3,260 | ▼ 6.8% |
| Financial fixed assets28 | €3,400 | €3,575 | €3,459 | €3,400 | €3,400 | = |
| Current assets29/58 | €83,701 | €56,891 | €58,079 | €70,775 | €49,727 | ▼ 29.7% |
| Stocks and contracts in progress3 | €17,926 | €17,772 | €7,929 | €6,359 | €6,637 | ▲ 4.4% |
| Stocks30/36 | €17,926 | €17,772 | €7,929 | €6,359 | €6,637 | ▲ 4.4% |
| Amounts receivable within one year40/41 | €55,660 | €35,358 | €45,810 | €59,651 | €33,675 | ▼ 43.5% |
| Trade receivables40 | €51,209 | €30,481 | €23,606 | €43,311 | €17,851 | ▼ 58.8% |
| Other amounts receivable41 | €4,451 | €4,876 | €22,204 | €16,340 | €15,824 | ▼ 3.2% |
| Cash at bank and in hand54/58 | €1,954 | €1,954 | €2,009 | €3,020 | €7,620 | ▲ 152% |
| Deferred charges and accrued income490/1 | €8,162 | €1,808 | €2,331 | €1,745 | €1,795 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,424 | €75,231 | €76,203 | €87,345 | €111,190 | ▲ 27.3% |
| Equity10/15 | -€134,791 | -€135,734 | -€68,506 | -€36,634 | -€45,132 | ▼ 23.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €100,706 | €100,706 | €100,706 | €100,706 | €100,706 | = |
| Tax-exempt reserves132 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | €90,706 | €90,706 | €90,706 | €90,706 | €90,706 | = |
| Profit (loss) carried forward14 | -€254,089 | -€255,032 | -€187,804 | -€155,932 | -€164,430 | ▼ 5.4% |
| Amounts payable17/49 | €251,214 | €210,964 | €144,708 | €123,979 | €156,322 | ▲ 26.1% |
| Amounts payable after more than one year17 | €58,146 | €34,923 | €10,438 | €1,918 | €24,457 | ▲ 1,175% |
| Financial debts170/4 | €58,146 | €34,923 | €10,438 | €1,918 | €24,457 | ▲ 1,175% |
| Amounts payable within one year42/48 | €191,748 | €174,533 | €131,719 | €119,741 | €129,545 | ▲ 8.2% |
| Current portion of amounts payable after more than one year42 | €42,697 | €23,223 | €35,986 | €20,019 | €28,753 | ▲ 43.6% |
| Financial debts43 | €54,123 | €46,048 | €28,456 | €24,590 | €259 | ▼ 98.9% |
| Credit institutions430/8 | €54,123 | €46,048 | €28,456 | €24,590 | €259 | ▼ 98.9% |
| Trade debts44 | €85,519 | €93,937 | €52,798 | €47,836 | €78,980 | ▲ 65.1% |
| Suppliers440/4 | €85,519 | €93,937 | €52,798 | €47,836 | €78,980 | ▲ 65.1% |
| Taxes, remuneration and social security45 | €5,774 | €8,456 | €12,228 | €26,694 | €15,920 | ▼ 40.4% |
| Taxes450/3 | - | €262 | €11,866 | €22,518 | €10,964 | ▼ 51.3% |
| Remuneration and social security454/9 | €5,774 | €8,193 | €362 | €4,176 | €4,956 | ▲ 18.7% |
| Other amounts payable47/48 | €3,634 | €2,868 | €2,250 | €602 | €5,633 | ▲ 835% |
| Accrued charges and deferred income492/3 | €1,320 | €1,509 | €2,552 | €2,320 | €2,320 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €667 | -€943 | €67,228 | €31,872 | -€8,498 | ▼ 127% |
| + Depreciation and write-downs630 | €10,231 | €5,322 | €4,966 | €5,140 | €11,075 | ▲ 115% |
| Operating cash flow (approximation) | €10,899 | €4,379 | €72,193 | €37,013 | €2,577 | ▼ 93.0% |
| Investment in fixed assets (approximation) | - | €9,061 | -€4,750 | -€3,587 | -€55,967 | ▼ 1,460% |
| Change in cash | - | €0 | €55 | €1,012 | €4,600 | ▲ 355% |
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
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €67,228
Net result €67,228 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
30-06
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
31-12
Financial
Back to profitnet €2,030
Net result €2,030 after 2 loss-making years.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hove · 1 establishment unit since 1994
Ground area
556 m²
Building footprint
92 m²
Volume, LiDAR
601 m³
Parcel 11021B0048/00H002, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jan Frans Gellyncklaan 235, 2540 Hove
since 19942.069.470.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0048/00H002 | Flanders | 556 m² | 1 · 92 m² | 11.3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 84 EUR awarded · 84 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 84 EUR | 84 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 8,578 companies in sector 43410 we hold annual accounts for 4,369. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453909124
Also
9925:BE0453909124
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.