Nick STEYAERT
ActiveNick STEYAERT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €-5k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 11323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-25
Solvency78=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.53 against 3.58 in 2024; short-term debt: 15.8% of total assets), and 46.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
53.4%
Return on assets
-6.4%
Age of the figures
12 mo
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 04-03-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
56 d early
2023
75 d early
2022
75 d early
2021
64 d early
2020
73 d early
2019
58 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 10.8%
2024 · €50k
2018: €35k
2019: €34k
2020: €40k
2021: €43k
2022: €45k
2023: €49k
2024: €50k
2018 → 2025
Total assets
€84k▼ 12.1%
2024 · €96k
2018: €49k
2019: €67k
2020: €61k
2021: €68k
2022: €74k
2023: €95k
2024: €96k
2018 → 2025
Net result
€-5k
2024 · €1k
2018: €4k
2019: €163
2020: €6k
2021: €5k
2022: €2k
2023: €4k
2024: €1k
2018 → 2025
Working capital
€34k▼ 17.1%
2024 · €41k
2018: €35k
2019: €29k
2020: €35k
2021: €43k
2022: €25k
2023: €44k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€45k▲ 5.8%€49k▲ 9.5%€50k▲ 2.1%€45k▼ 10.8%
Operating result€13k-€10k▼ 18.3%€12k▲ 13.0%€11k▼ 5.2%€275▼ 97.5%
Net result€5k-€2k▼ 52.7%€4k▲ 73.3%€1k▼ 76.3%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 98% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€37k▼ 5.7%
Current assets
€47k▼ 16.6%
Equity and liabilities €84k
Equity
€45k▼ 10.8%
Debt
€39k▼ 13.5%
The debt ratio falls from 47.4% to 46.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7k▼
2024 · €17k
Cash flow
€1k▼
2024 · €7k
Solvency
53.4%▲
2024 · 52.6%
Current ratio
3.53▼
2024 · 3.58
Quick ratio
3.53▼
2024 · 3.58
Debt / equity
0.87▼
2024 · 0.90
ROE
-12.1%▼
2024 · 2.0%
ROA
-6.4%▼
2024 · 1.1%
Interest coverage
1.47▼
2024 · 3.32
Debt
€39k▼
2024 · €45k
Debt ≤ 1 year
€13k▼
2024 · €16k
Debt > 1 year
€26k▼
2024 · €30k
Income taxes
€540▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€96k€84k▼
Fixed assets21/28€40k€37k▼
Tangible fixed assets22/27€40k€37k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€35k€35k=
Current assets29/58€56k€47k▼
Amounts receivable after more than one year29€35k€32k▼
Other amounts receivable291€35k€32k▼
Amounts receivable within one year40/41€3k€7k▲
Trade receivables40€1k€6k▲
Other amounts receivable41€2k€578▼
Current investments50/53€20€20▼
Cash at bank and in hand54/58€7k-
Deferred charges and accrued income490/1€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€96k€84k▼
Equity10/15€50k€45k▼
Contributions10/11€14k€14k=
Reserves13€36k€31k▼
Distributable reserves133€36k€31k▼
Amounts payable17/49€45k€39k▼
Amounts payable after more than one year17€30k€26k▼
Financial debts170/4€30k€26k▼
Amounts payable within one year42/48€16k€13k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€189€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€18k€8k▼
Operating profit (loss)9901€11k€275▼
Financial income75/76B€951€3k▲
Recurring financial income75€904€2k▲
Non-recurring financial income76B€47€167▲
Financial charges65/66B€8k€8k▼
Recurring financial charges65€5k€5k▼
Non-recurring financial charges66B€3k€3k▼
Profit (loss) for the period before taxes9903€4k€-5k▼
Income taxes67/77€3k€540▼
Profit (loss) for the period9904€1k€-5k▼
Profit (loss) for the period to be appropriated9905€1k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-5k▼
Transfer from equity791/2-€5k
Transfer to equity691/2€1k-
To other reserves6921€1k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-5k ▼634%
Net result drops to €-5k, the lowest in the series.
05-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 4.64
Current ratio from 1.97 to 4.64; short-term debt falls from €26k to €12k.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €6k ▲3693%
Net result €6k, the highest in the series.
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-02
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.
Directors · office · real estate
Directors
10 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, Ingelmunster · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bruggestraat 230A8770 IngelmunsterGround area
1,181 m²
Building footprint
235 m²
Volume, LiDAR
999 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NICK STEYAERT BVBA
since 20092.177.180.638
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007A0812/00P004 | Flanders | 761 m² | 1 · 111 m² | 8.5 m · 2 fl. |
| 36007B0081/00S000 | Flanders | 421 m² | 1 · 125 m² | 7.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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P.H.L. Distribution
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Of 471 companies in sector 46442 we hold annual accounts for 334. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2001
Fiscal year end30-09
Activities, NACEBEL
46442Wholesale trade
51442
47783Retail trade
47784Retail trade
52488
61200Telecommunications resale and intermediation services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.