S.T.Y. CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of S.T.Y. CONSTRUCT is 2.1% (moderate). The 2024 annual accounts show equity of €308,958 and a net result of €149,252. Equity is growing by ~94.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 36370 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency83▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 2.05 in 2023; short-term debt: 41.7% and cash: 27% of total assets), and 41.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
49 d late
2022
173 d late
2021
239 d late
2020
151 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 129 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€306,369
EBIT margin
6.7%
Net result
€149,252▲ 77.2%
2023 · €84,246
Working capital
€189,850▲ 69.7%
2023 · €111,861
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€306,369-
Operating result€20,499-€44,334▲ 116%€37,159▼ 16.2%€128,333▲ 245%€207,520▲ 61.7%
Net result€20,499within the sector's middle half-€33,419above the sector's middle half▲ 63.0%€28,045within the sector's middle half▼ 16.1%€84,246above the sector's middle half▲ 200%€149,252above the sector's middle half▲ 77.2%
EBIT margin6.7%-
Equity€20,499within the sector's middle half-€53,918within the sector's middle half▲ 163%€81,962within the sector's middle half▲ 52.0%€159,706above the sector's middle half▲ 94.9%€308,958above the sector's middle half▲ 93.5%
Total assets€128,474within the sector's middle half-€120,872within the sector's middle half▼ 5.9%€228,546within the sector's middle half▲ 89.1%€266,654within the sector's middle half▲ 16.7%€529,728above the sector's middle half▲ 98.7%
Debt€107,975-€66,955▼ 38.0%€146,584▲ 119%€106,948▼ 27.0%€220,770▲ 106%
Working capital€4,606below the sector's middle half-€28,223within the sector's middle half▲ 513%€56,461within the sector's middle half▲ 100%€111,861above the sector's middle half▲ 98.1%€189,850above the sector's middle half▲ 69.7%
Solvency16.0%below the sector's middle half-44.6%within the sector's middle half▲ 28.7pp35.9%within the sector's middle half▼ 8.7pp59.9%within the sector's middle half▲ 24.0pp58.3%within the sector's middle half▼ 1.6pp
Current ratio1.04below the sector's middle half-1.42within the sector's middle half▲ 0.381.39within the sector's middle half▼ 0.042.05within the sector's middle half▲ 0.661.86within the sector's middle half▼ 0.19
Return on assets (ROA)16.0%within the sector's middle half-27.6%above the sector's middle half▲ 11.7pp12.3%within the sector's middle half▼ 15.4pp31.6%above the sector's middle half▲ 19.3pp28.2%above the sector's middle half▼ 3.4pp
Staff (FTE)1within the sector's middle half-
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 62% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €529,728
Fixed assets
€119,107 ▲ 149%
Current assets
€410,620 ▲ 87.7%
Equity and liabilities €529,728
Equity
€308,958 ▲ 93.5%
Debt
€220,770 ▲ 106%
Debt's share of the balance-sheet total rises from 40.1% to 41.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€239,171▲
2023 · €137,718
Cash flow
€180,904▲
2023 · €93,630
Debt to equity
0.71▲
2023 · 0.67
ROE
48.3%▼
2023 · 52.8%
Interest coverage
681.75▲
2023 · 238.48
Debt ≤ 1 year
€220,770▲
2023 · €106,948
Income taxes
€57,917▲
2023 · €43,510
Staff costs
€51,636▲
2023 · €35,614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 6,781 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €306,369 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €52,915 | €33,953 | €35,614 | €51,636 | ▲ 45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,727 | €6,298 | €8,915 | €9,384 | €31,651 | ▲ 237% |
| Other operating charges640/8 | - | €976 | €215 | €498 | €1,762 | ▲ 254% |
| Gross operating margin9900 | €80,977 | €104,524 | €80,242 | €173,829 | €292,569 | ▲ 68.3% |
| Operating profit (loss)9901 | €20,499 | €44,334 | €37,159 | €128,333 | €207,520 | ▲ 61.7% |
| Financial income75/76B | - | - | €1,092 | - | - | - |
| Recurring financial income75 | - | - | €1,092 | - | - | - |
| Financial charges65/66B | - | €152 | €362 | €577 | €351 | ▼ 39.2% |
| Recurring financial charges65 | - | €152 | €362 | €577 | €351 | ▼ 39.2% |
| Profit (loss) for the period before taxes9903 | €20,499 | €44,183 | €37,889 | €127,756 | €207,169 | ▲ 62.2% |
| Income taxes67/77 | - | €10,764 | €9,844 | €43,510 | €57,917 | ▲ 33.1% |
| Profit (loss) for the period9904 | €20,499 | €33,419 | €28,045 | €84,246 | €149,252 | ▲ 77.2% |
| Profit (loss) for the period to be appropriated9905 | €20,499 | €33,419 | €28,045 | €84,246 | €149,252 | ▲ 77.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,474 | €120,872 | €228,546 | €266,654 | €529,728 | ▲ 98.7% |
| Fixed assets21/28 | €15,893 | €25,694 | €25,502 | €47,845 | €119,107 | ▲ 149% |
| Tangible fixed assets22/27 | €15,893 | €25,694 | €25,502 | €47,845 | €119,107 | ▲ 149% |
| Plant, machinery and equipment23 | - | €3,679 | €1,079 | €573 | €67 | ▼ 88.3% |
| Furniture and vehicles24 | - | €22,015 | €24,423 | €47,271 | €119,040 | ▲ 152% |
| Current assets29/58 | €112,581 | €95,178 | €203,044 | €218,809 | €410,620 | ▲ 87.7% |
| Amounts receivable within one year40/41 | €106,707 | €88,212 | €133,379 | €198,430 | €267,347 | ▲ 34.7% |
| Trade receivables40 | - | €14,793 | €30,494 | €102,547 | €112,172 | ▲ 9.4% |
| Other amounts receivable41 | - | €73,419 | €102,885 | €95,884 | €155,176 | ▲ 61.8% |
| Cash at bank and in hand54/58 | €5,874 | €6,966 | €69,287 | €20,001 | €142,895 | ▲ 614% |
| Deferred charges and accrued income490/1 | - | - | €378 | €378 | €378 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,474 | €120,872 | €228,546 | €266,654 | €529,728 | ▲ 98.7% |
| Equity10/15 | €20,499 | €53,918 | €81,962 | €159,706 | €308,958 | ▲ 93.5% |
| Profit (loss) carried forward14 | €20,499 | €53,918 | €81,962 | €159,706 | €308,958 | ▲ 93.5% |
| Amounts payable17/49 | €107,975 | €66,955 | €146,584 | €106,948 | €220,770 | ▲ 106% |
| Amounts payable within one year42/48 | €107,975 | €66,955 | €146,584 | €106,948 | €220,770 | ▲ 106% |
| Trade debts44 | - | €25,028 | €125,688 | €63,960 | €129,076 | ▲ 102% |
| Suppliers440/4 | - | €25,028 | €125,688 | €63,960 | €129,076 | ▲ 102% |
| Taxes, remuneration and social security45 | - | €35,254 | €20,434 | €42,526 | €81,233 | ▲ 91.0% |
| Taxes450/3 | - | €11,054 | €15,858 | €40,057 | €76,560 | ▲ 91.1% |
| Remuneration and social security454/9 | - | €24,200 | €4,576 | €2,470 | €4,673 | ▲ 89.2% |
| Other amounts payable47/48 | - | €6,673 | €462 | €462 | €10,462 | ▲ 2,167% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,499 | €33,419 | €28,045 | €84,246 | €149,252 | ▲ 77.2% |
| + Depreciation and write-downs630 | €3,727 | €6,298 | €8,915 | €9,384 | €31,651 | ▲ 237% |
| Operating cash flow (approximation) | €24,226 | €39,717 | €36,960 | €93,630 | €180,904 | ▲ 93.2% |
| Investment in fixed assets (approximation) | - | -€16,099 | -€8,722 | -€31,727 | -€102,914 | ▼ 224% |
| Change in cash | - | €1,092 | €62,321 | -€49,287 | €122,895 | ▲ 349% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2020net €149,252 ▲77.2%
Operating result €207,520, net result €149,252, both a record.
31-12
Financial
Equity above €200,000Eq €308,958 ▲93.5%
5 profitable years in a row build equity to €308,958.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 173 days late
2023
31-12
Financial
Equity above €150,000Eq €159,706 ▲94.9%
4 profitable years in a row build equity to €159,706.
27-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 239 days late
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 151 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Vilvoorde · 1 establishment unit since 2020
Ground area
5,305 m²
Building footprint
1,045 m²
Volume, LiDAR
34,886 m³
2 parcels, Brussels, Flanders · tallest building 40.7 m, ±13 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
S.T.Y.CONSTRUCT
since 20202.298.664.131
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0111/00D000 | Brussels | 3,808 m² | 1 · 896 m² | 40.7 m · 13 fl. |
| 23643G0376/00T000 | Flanders | 1,497 m² | 1 · 149 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 15,518 companies in this sector we hold annual accounts for 7,427. 5,353 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43990Other specialised construction activities
43230Insulation installation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742911815
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.