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Stasegemse Bouwmaatschappij

Active
Public limited companyfounded 1977active for 48 yearsDam(Kor) 10, 8500 Kortrijk, BelgiumKBO/BCE: BE 0418.172.443
Summary

Stasegemse Bouwmaatschappij has been active since 1977 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€311,156) and a net result of -€114,605. Equity has been shrinking by about 39% per year since 2018. Its solvency ranks better than 5% of 1,029 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Overview

Official details

Source: KBO
Status
Active since 28-12-1977 Normal situation
Registered office
15 active companies are registered at this address Source: KBO register, as of 2 November 2026.
Activity
General construction of other non-residential buildings NACE 41003
Establishment unit
2.014.724.246 8500 Kortrijk, since 02-01-1978
Financial year end
31 December
Peppol
Reachable since 27-08-2023

Board and ownership

Board
  • THIERS INVESTManaging director · permanent representative THIERS Lieven Alfons Palmer
  • FREJUTDirector · since 06-12-2023 · permanent representative THIERS Frederiek Renaat Lieven
Shareholders

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Annual accounts 2025
Turnover
€27,500
▼ 88.7%
Loss
€114,605
Equity
-€311,156
▼ 58.3%
Total assets
€479,753
▼ 38.2%
  • Negative equity on 31-12-2025
Turnover -89%: other schema
Filed on 23-07-2026, 8 days before the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€311,156Loss of €114,605 (financial year 2025)Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskSize: turnover €27,500, total assets €479,753Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 7% of micro companies in construction of buildings (NACE 41)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -64.9% of total assets
Liquidity 17+9
short-term debt 154.1% · cash 14.0%
Profitability 0-53
return on assets -23.9%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,452 companies, NACE 41, micro)
Last 24 months 12-2024: 3.0% 01-2025: 3.0%● unchanged vs 12-2024 02-2025: 3.0%● unchanged vs 01-2025 03-2025: 3.2%▲ +0.2 percentage points vs 02-2025 04-2025: 3.2%● unchanged vs 03-2025 05-2025: 3.2%● unchanged vs 04-2025 06-2025: 3.1%▼ -0.1 percentage points vs 05-2025 07-2025: 3.4%▲ +0.3 percentage points vs 06-2025highest value 08-2025: 0.9%▼ -2.5 percentage points vs 07-2025lowest value 09-2025: 0.9%● unchanged vs 08-2025lowest value 10-2025: 0.9%● unchanged vs 09-2025lowest value 11-2025: 0.9%● unchanged vs 10-2025lowest value 12-2025: 0.9%● unchanged vs 11-2025lowest value 01-2026: 0.9%● unchanged vs 12-2025lowest value 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 1.0%▲ +0.1 percentage points vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.2%▲ +0.2 percentage points vs 06-2026 08-2026: 1.5%▲ +0.3 percentage points vs 07-2026 09-2026: 1.5%● unchanged vs 08-2026 10-2026: 1.5%● unchanged vs 09-2026 11-2026: 1.5%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.65 (0.88 in 2024), below 1. Short-term debt is 154.1% and cash 14% of total assets. Equity is negative.
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 (NACE 41, micro). It does better than 3% of them on solvency, 14% on liquidity, 5% on profitability and 5% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €27,500, total assets €479,753
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€311,156
NBB · annual accounts
raises risk · Loss of €114,605 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€311,156
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 days early
2024
1 day early
2023
on the day
2022
30 days late
2021
2 days early
2020
12 days early
2019
9 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€311,156 View
  • Caution: Turnover fell in 2025different schema filed ▼ 88.7% View
  • Caution: Lower solvency than 95% of companies in construction of buildingssector median 32.8% · 1,029 companies -64.9% View

Recent changes

  1. · Gazette deed Company renamed from STASEGEMSE BOUWMAATSCHAPPIJ N.V. to Stasegemse BouwmaatschappijChange of role: THIERS INVEST, from director to gedelegeerd bestuurder en voorzitter van raad van bestuur · Resignation: FREJUT (director) · Reappointments: THIERS INVEST (director) and FREJUT (director)
All 16 events

Comparable companies

These companies have the same main activity as Stasegemse Bouwmaatschappij: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €378,000 and €1.1m, founded between 1989 and 1996.

CompanyTotal assetsGross margin
Stasegemse Bouwmaatschappij Kortrijk€0.5m-€0.1m
EVOCONSTRUCT Kampenhout€1.1m-€0.09m
MAREL Harelbeke€0.6m-€0.006m
IMMAPAS Izegem€0.4m-€0.02m
ENTREPRISE GENERALE DE CONSTRUCTION VANDEKERCHKOVE Profondeville€0.9m-€0.01m
EDOUARDIMMO Pajottegem€0.4m€0.001m
DE MOUTERIJ Horebeke€0.4m-€0.001m
Full comparison

Key facts about Stasegemse Bouwmaatschappij

What is the company number of Stasegemse Bouwmaatschappij?
The company number of Stasegemse Bouwmaatschappij is 0418.172.443. The VAT number is the same number with BE in front: BE 0418.172.443.
Where is Stasegemse Bouwmaatschappij based?
The registered office is at Dam(Kor) 10, 8500 Kortrijk.Company details
What does Stasegemse Bouwmaatschappij do?
According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
What is the legal form of Stasegemse Bouwmaatschappij?
The legal form of Stasegemse Bouwmaatschappij is Public limited company (NV).
When was Stasegemse Bouwmaatschappij founded?
Stasegemse Bouwmaatschappij was founded on 28-12-1977.
Is Stasegemse Bouwmaatschappij still active?
Yes, Stasegemse Bouwmaatschappij is an active enterprise in the KBO register.
How many employees does Stasegemse Bouwmaatschappij have?
Stasegemse Bouwmaatschappij had an average of 0.6 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
What is the turnover of Stasegemse Bouwmaatschappij?
The turnover of Stasegemse Bouwmaatschappij was €27,500 in financial year 2025, according to the filed annual accounts.
Is Stasegemse Bouwmaatschappij profitable?
In financial year 2025, Stasegemse Bouwmaatschappij made a loss of €114,605.
Where can I find the annual accounts of Stasegemse Bouwmaatschappij?
Stasegemse Bouwmaatschappij filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Stasegemse Bouwmaatschappij due?
Stasegemse Bouwmaatschappij must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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