STEBACO
ActiveSummary
STEBACO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.14M and a net result of €65k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-27
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 1.79 in 2024; short-term debt: 20.8% and cash: 0.5% of total assets), and 23.4% of the assets are financed with debt.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.6%
Return on assets
4.4%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
30 d late
2022
396 d late
2021
761 d late
2020
62 d late
2019
12 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.14M▲ 6.0%
2024 · €1.07M
2018: €553klowest in 8 years
2019: €573k▲ +3.7% vs 2018
2020: €808k▲ +41.0% vs 2019
2021: €865k▲ +7.0% vs 2020
2022: €906k▲ +4.7% vs 2021
2023: €945k▲ +4.3% vs 2022
2024: €1.07M▲ +13.6% vs 2023
2025: €1.14M▲ +6.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.49M▲ 1.9%
2024 · €1.46M
2018: €1.13M
2019: €1.11M▼ -2.3% vs 2018
2020: €1.42M▲ +28.4% vs 2019
2021: €1.01M▼ -29.2% vs 2020
2022: €963k▼ -4.4% vs 2021lowest in 8 years
2023: €1.01M▲ +5.3% vs 2022
2024: €1.46M▲ +43.7% vs 2023
2025: €1.49M▲ +1.9% vs 2024highest in 8 years
2018 → 2025
Net result
€65k▼ 49.8%
2024 · €129k
2018: €27k
2019: €20k▼ -24.6% vs 2018lowest in 8 years
2020: €236k▲ +1061% vs 2019highest in 8 years
2021: €57k▼ -76.0% vs 2020
2022: €41k▼ -27.8% vs 2021
2023: €39k▼ -5.6% vs 2022
2024: €129k▲ +233% vs 2023
2025: €65k▼ -49.8% vs 2024
2018 → 2025
Working capital
€429k▲ 46.9%
2024 · €292k
2018: €-569klowest in 8 years
2019: €-504k▲ +11.4% vs 2018
2020: €-243k▲ +51.8% vs 2019
2021: €-74k▲ +69.3% vs 2020
2022: €18k▲ +124% vs 2021
2023: €108k▲ +498% vs 2022
2024: €292k▲ +171% vs 2023
2025: €429k▲ +46.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€865k-€906k▲ 4.7%€945k▲ 4.3%€1.07M▲ 13.6%€1.14M▲ 6.0%
2021: €865klowest in 5 years
2022: €906k▲ +4.7% vs 2021
2023: €945k▲ +4.3% vs 2022
2024: €1.07M▲ +13.6% vs 2023
2025: €1.14M▲ +6.0% vs 2024highest in 5 years
Operating result€37k-€59k▲ 60.1%€53k▼ 11.0%€195k▲ 272%€35k▼ 81.9%
2021: €37k
2022: €59k▲ +60.1% vs 2021
2023: €53k▼ -11.0% vs 2022
2024: €195k▲ +272% vs 2023highest in 5 years
2025: €35k▼ -81.9% vs 2024lowest in 5 years
Net result€57k-€41k▼ 27.8%€39k▼ 5.6%€129k▲ 233%€65k▼ 49.8%
2021: €57k
2022: €41k▼ -27.8% vs 2021
2023: €39k▼ -5.6% vs 2022lowest in 5 years
2024: €129k▲ +233% vs 2023highest in 5 years
2025: €65k▼ -49.8% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€748k ▼ 5.9%
Current assets
€738k ▲ 11.2%
Equity and liabilities €1.49M
Equity
€1.14M ▲ 6.0%
Debt
€347k ▼ 9.6%
Debt's share of the balance-sheet total falls from 26.4% to 23.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▼
2024 · €247k
Cash flow
€116k▼
2024 · €180k
Current ratio
2.39▲
2024 · 1.79
Debt to equity
0.31▼
2024 · 0.36
ROE
5.7%▼
2024 · 12.0%
ROA
4.4%▼
2024 · 8.8%
Interest coverage
3.43▼
2024 · 737.19
Debt ≤ 1 year
€309k▼
2024 · €371k
Debt > 1 year
€12k=
2024 · €12k
Income taxes
€24k▼
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.46M€1.49M▲
Fixed assets21/28€795k€748k▼
Tangible fixed assets22/27€794k€747k▼
Land and buildings22€792k€745k▼
Plant, machinery and equipment23€2k€2k▼
Financial fixed assets28€1k€1k=
Current assets29/58€663k€738k▲
Amounts receivable within one year40/41€648k€729k▲
Other amounts receivable41€648k€729k▲
Cash at bank and in hand54/58€13k€7k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.49M▲
Equity10/15€1.07M€1.14M▲
Contributions10/11€285k€285k=
Capital10€285k€285k=
Issued capital100€285k€285k=
Reserves13€523k€523k=
Non-distributable reserves130/1€29k€29k=
Legal reserve130€29k€29k=
Distributable reserves133€495k€495k=
Profit (loss) carried forward14€265k€330k▲
Amounts payable17/49€384k€347k▼
Amounts payable after more than one year17€12k€12k=
Other amounts payable178/9€12k€12k=
Amounts payable within one year42/48€371k€309k▼
Trade debts44€26k€115▼
Suppliers440/4€26k€115▼
Taxes, remuneration and social security45€53k€77k▲
Taxes450/3€53k€77k▲
Other amounts payable47/48€292k€232k▼
Accrued charges and deferred income492/3€970€27k▲
Income statement
Code20242025
Non-recurring operating income76A€188k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€51k▼
Other operating charges640/8€3k€18k▲
Non-recurring operating charges66A€27k€0▼
Gross operating margin9900€277k€105k▼
Operating profit (loss)9901€195k€35k▼
Financial income75/76B€7€78k▲
Recurring financial income75€7€78k▲
Financial charges65/66B€335€25k▲
Recurring financial charges65€335€25k▲
Profit (loss) for the period before taxes9903€195k€88k▼
Income taxes67/77€66k€24k▼
Profit (loss) for the period9904€129k€65k▼
Profit (loss) for the period to be appropriated9905€129k€65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€265k€330k▲
Profit (loss) brought forward from the previous period14P€136k€265k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €188k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €7k | €-531 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €51k | €51k | €51k | €51k | ▼ 0.3% |
| Other operating charges640/8 | €11k | €12k | €384 | €3k | €18k | ▲ 571% |
| Non-recurring operating charges66A | - | - | - | €27k | €0 | ▼ 100% |
| Gross operating margin9900 | €107k | €121k | €104k | €277k | €105k | ▼ 62.0% |
| Operating profit (loss)9901 | €37k | €59k | €53k | €195k | €35k | ▼ 81.9% |
| Financial income75/76B | - | - | - | €7 | €78k | ▲ 1,125,047% |
| Recurring financial income75 | - | - | - | €7 | €78k | ▲ 1,125,047% |
| Financial charges65/66B | €542 | €5k | €39 | €335 | €25k | ▲ 7,452% |
| Recurring financial charges65 | €542 | €5k | €39 | €335 | €25k | ▲ 7,452% |
| Profit (loss) for the period before taxes9903 | €36k | €55k | €53k | €195k | €88k | ▼ 54.8% |
| Income taxes67/77 | €-20k | €14k | €14k | €66k | €24k | ▼ 64.5% |
| Profit (loss) for the period9904 | €57k | €41k | €39k | €129k | €65k | ▼ 49.8% |
| Profit (loss) for the period to be appropriated9905 | €57k | €41k | €39k | €129k | €65k | ▼ 49.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.01M | €963k | €1.01M | €1.46M | €1.49M | ▲ 1.9% |
| Fixed assets21/28 | €941k | €889k | €838k | €795k | €748k | ▼ 5.9% |
| Tangible fixed assets22/27 | €939k | €888k | €837k | €794k | €747k | ▼ 5.9% |
| Land and buildings22 | €939k | €888k | €837k | €792k | €745k | ▼ 5.9% |
| Plant, machinery and equipment23 | €760 | €564 | €368 | €2k | €2k | ▼ 12.2% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €67k | €74k | €176k | €663k | €738k | ▲ 11.2% |
| Amounts receivable within one year40/41 | €67k | €74k | €171k | €648k | €729k | ▲ 12.4% |
| Trade receivables40 | €1k | €0 | - | - | - | - |
| Other amounts receivable41 | €66k | €74k | €171k | €648k | €729k | ▲ 12.4% |
| Cash at bank and in hand54/58 | €0 | - | €5k | €13k | €7k | ▼ 44.8% |
| Deferred charges and accrued income490/1 | €0 | - | €1k | €2k | €2k | ▼ 14.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.01M | €963k | €1.01M | €1.46M | €1.49M | ▲ 1.9% |
| Equity10/15 | €865k | €906k | €945k | €1.07M | €1.14M | ▲ 6.0% |
| Contributions10/11 | €285k | €285k | €285k | €285k | €285k | = |
| Capital10 | €285k | €285k | €285k | €285k | €285k | = |
| Issued capital100 | €285k | €285k | €285k | €285k | €285k | = |
| Reserves13 | €523k | €523k | €523k | €523k | €523k | = |
| Non-distributable reserves130/1 | €29k | €29k | €29k | €29k | €29k | = |
| Legal reserve130 | €29k | €29k | €29k | €29k | €29k | = |
| Distributable reserves133 | €495k | €495k | €495k | €495k | €495k | = |
| Profit (loss) carried forward14 | €57k | €98k | €136k | €265k | €330k | ▲ 24.4% |
| Amounts payable17/49 | €142k | €57k | €70k | €384k | €347k | ▼ 9.6% |
| Amounts payable after more than one year17 | €1k | €1k | €1k | €12k | €12k | = |
| Other amounts payable178/9 | €1k | €1k | €1k | €12k | €12k | = |
| Amounts payable within one year42/48 | €141k | €56k | €69k | €371k | €309k | ▼ 16.9% |
| Financial debts43 | €8k | €0 | - | - | - | - |
| Credit institutions430/8 | €8k | €0 | - | - | - | - |
| Trade debts44 | €11k | €2k | €4k | €26k | €115 | ▼ 99.6% |
| Suppliers440/4 | €11k | €2k | €4k | €26k | €115 | ▼ 99.6% |
| Taxes, remuneration and social security45 | €70k | €1k | €12k | €53k | €77k | ▲ 44.2% |
| Taxes450/3 | €69k | €1k | €12k | €53k | €77k | ▲ 44.2% |
| Remuneration and social security454/9 | €531 | €0 | - | - | - | - |
| Other amounts payable47/48 | €53k | €53k | €53k | €292k | €232k | ▼ 20.6% |
| Accrued charges and deferred income492/3 | - | - | - | €970 | €27k | ▲ 2,661% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €41k | €39k | €129k | €65k | ▼ 49.8% |
| + Depreciation and write-downs630 | €52k | €51k | €51k | €51k | €51k | ▼ 0.3% |
| Operating cash flow (approximation) | €108k | €92k | €90k | €180k | €116k | ▼ 35.6% |
| Investment in fixed assets (approximation) | - | €268 | €0 | €-8k | €-5k | ▲ 39.5% |
| Change in cash | - | - | - | €8k | €-6k | ▼ 171% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €1MEq €1.07M ▲13.6%
7 profitable years in a row build equity to €1.07M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 396 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 761 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 1.32
Current ratio from 0.47 to 1.32; short-term debt falls from €141k to €56k.
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 62 days late
2020
31-12
Financial
Highest result since 2018net €236k ▲1,061%
Operating result €346k, net result €236k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Weakest financial yearnet €20k ▼24.6%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
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 7 acts read
About the unread acts
We know of 7 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
7 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, Ukkel · 1 establishment unit since 1999
Ground area
378 m²
Building footprint
83 m²
Volume, LiDAR
760 m³
Parcel 21614H0054/03A004, Brussels · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
21
companies at this address
See who is registered here
1 establishment unit
Schilderachtige dreef 43, 1180 Ukkel
since 19992.090.602.396
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0054/03A004 | Brussels | 378 m² | 1 · 83 m² | 11.0 m · 3 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.
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KARIMIMMO
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SENIOTEL 2
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GEDA
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 3,760 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.