Result
€328,877 €328,877
Back in profit in 2025, after a loss of €16,980 in 2024.
STEINCO
Lifetime
6 annual accounts with figures on one time axispeak €1.0m (2025)
€1.0m▲ €1.0m
lowest -€41,387 (2020)
€328,877▲ €345,857
peak €3.5m (2025)
€3.5m▲ 10.5%
€27.1m▼ 1.9%
Board4 names since 2020
1 directorDan Appelstein
Documentsfilings and deeds
28-10-202689 days late
2025financial year
Gross margin from -€15,966 to €1.0mBack to profit: €328,877Merger: OPALINE BELGIUM takes over STEINCO 08-01Cash from €87,139 to €32,846
Key points
from the 2025 annual accountsTurnover
≈ €1.8m estimated
The accounts state no turnover.
Debts
€27.1m 88% of the balance sheet
Financial debts 59%Suppliers 0%Taxes and wages 0%Other 40%
Of this, €26.4m falls due within a year.
Filings
6 annual accounts 89 days
Latest accounts filed late: after the legal deadline.
At the same address
16 companies
Restructuring
2024
Merger with STEINCO. Merger on 12-09-2024.
Checked score
62
Healthy
Financially stronger than 32% of medium-sized companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.5%
01-2025: 4.5%● unchanged vs 12-2024
02-2025: 2.6%▼ -1.9 percentage points vs 01-2025
03-2025: 2.8%▲ +0.2 percentage points vs 02-2025
04-2025: 2.6%▼ -0.2 percentage points vs 03-2025
05-2025: 2.6%● unchanged vs 04-2025
06-2025: 2.6%● unchanged vs 05-2025
07-2025: 2.6%● unchanged vs 06-2025
08-2025: 3.3%▲ +0.7 percentage points vs 07-2025
09-2025: 3.7%▲ +0.4 percentage points vs 08-2025
10-2025: 5.3%▲ +1.6 percentage points vs 09-2025
11-2025: 5.5%▲ +0.2 percentage points vs 10-2025highest value
12-2025: 1.4%▼ -4.1 percentage points vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.3%▼ -0.1 percentage points vs 02-2026
04-2026: 1.2%▼ -0.1 percentage points vs 03-2026lowest value
05-2026: 1.3%▲ +0.1 percentage points vs 04-2026
06-2026: 1.4%▲ +0.1 percentage points vs 05-2026
07-2026: 1.3%▼ -0.1 percentage points vs 06-2026
08-2026: 1.6%▲ +0.3 percentage points vs 07-2026
09-2026: 1.9%▲ +0.3 percentage points vs 08-2026
10-2026: 3.0%▲ +1.1 percentage points vs 09-2026
11-2026: 1.6%▼ -1.4 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.02, cash €32,846, halved
Last filed accounts filed 89 days late; 2 of the last 3 accounts late
No registered site in the KBO
lowers risk
Size: total assets €30.8m
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 (no NACE code, medium-sized). It does better than 17% of them on solvency, 6% on liquidity, 27% on profitability and 77% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 273 companies had the same profile as STEINCO has now. Each dot is one company, two years later.
98.2%
were still trading
1.1%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of STEINCO itself is higher: 1.6% within 12 months. It rests on far more data about STEINCO than the profile alone.
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 273 companies, not a prediction for STEINCO. 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 €210,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (1.01 in 2024), below the usual 1.5. Short-term debt is 85.8% and cash 0.1% of total assets. 88.8% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 89 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-10-2026, 89 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
89 days late
2024
96 days late
2023
on the day
2022
46 days late
2021
3 days early
2020
87 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 53 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 15 September (4 of the last 5 accounts filed within 49 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- M et Mme Jacques Appelsteindeed of 13-11-2020
- M et Mme Henri Appelsteindeed of 13-11-2020
Shares in 2 companies, CRISTALIMMO and STEINCO
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0746551689
Merger: OPALINE BELGIUM takes over STEINCO
Company renamed from OPALINE BELGIUM to STEINCO · The company holds all the shares of STEINCO · General meeting of 18-12-2024 · Gazette deed
Merger proposal: OPALINE BELGIUM takes over Steinco
The company holds all the shares of Steinco · Name change: Steinco · Board meeting of 12-09-2024 · Gazette deed
Registered office moved within Brussels
New registered office: Place du Samedi 1 1000 Bruxelles · Previous registered office: 26, rue de l'évêque à 1000 Bruxelles · General meeting of 03-10-2022 · Gazette deed
Official details
Source: KBO- Status
- Active since 28-04-2020Normal situation
- Registered office
- 17 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- “1) de constituer, développer et gérer un patrimoine mobilier et faire toutes opérations mobilières…” (deed in French)From the articles, 4 activitiesNo NACE code in the KBO yet
- Financial year end
- 31 December
- Peppol
- Reachable since 26-08-2025
Insights on STEINCO
The computed 12-month bankruptcy probability of STEINCO is 1.6% (moderate). The 2025 annual accounts show equity of €3.5m and a net result of €328,877.
Equity has been growing by about 110% per year since 2021. The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
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 STEINCO
- What is the company number of STEINCO?
- The company number of STEINCO is 0746.551.689. The VAT number is the same number with BE in front: BE 0746.551.689.
- Where is STEINCO based?
- The registered office is at Zaterdagplein 1, 1000 Brussels.Company details
- What is the legal form of STEINCO?
- STEINCO is a public limited company (NV).
- When was STEINCO founded?
- STEINCO was founded on 28-04-2020.
- Is STEINCO still active?
- Yes, STEINCO is an active enterprise in the KBO register.
- What is the turnover of STEINCO?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €1.0m and 1,585 comparable companies of the same size. It probably lies between €1.2m and €2.9m. It is a rough estimate.Financials
- Is STEINCO profitable?
- In financial year 2025, STEINCO made a profit of €328,877.
- Where can I find the annual accounts of STEINCO?
- STEINCO filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STEINCO due?
- STEINCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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