Summary
STECHO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.0m and a net result of €2.1m. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 69% of 2413 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
23 d early
2023
37 d early
2022
45 d early
2021
40 d early
2020
36 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?VT-INVEST · 24 companies What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#9 company by equity in Aalter, Finance and insurance sector
Equity
€10.0m▲ 26.5%
2024 · €7.9m
Net result
€2.1m▼ 6.5%
2024 · €2.2m
Total assets
€12.3m▲ 4.6%
2024 · €11.7m
Solvency
81.4%▲ 14.1pp
2024 · 67.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€896,336€581,173▼ 35.2%
Operating result-€43,903▼ 186%€100,822€153,727▲ 52.5%€391,885▲ 155%€284,472▼ 27.4%
Net result€435,369▼ 37.8%€543,903▲ 24.9%€901,428▲ 65.7%€2.2m▲ 148%€2.1m▼ 6.5%
Equity€6.4m▲ 7.3%€7.0m▲ 8.5%€5.7m▼ 18.7%€7.9m▲ 39.5%€10.0m▲ 26.5%
Total assets€11.7m▲ 0.5%€11.9m▲ 2.1%€11.7m▼ 1.5%€11.7m▼ 0.1%€12.3m▲ 4.6%
Debt€5.3m▼ 6.7%€5.0m▼ 5.8%€6.1m▲ 22.6%€3.8m▼ 37.0%€2.3m▼ 40.5%
Working capital-€275,009▼ 223%-€308,342▼ 12.1%-€2.1m▼ 584%-€2.0m▲ 5.1%€917,911
Solvency54.9%▲ 3.5pp58.4%▲ 3.5pp48.2%▼ 10.2pp67.3%▲ 19.1pp81.4%▲ 14.1pp
Why a figure moved sharply
- 2024 Net result +148% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
- 2023 Net result +66% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.3m
Fixed assets
€11.2m =
Current assets
€1.1m ▲ 103%
Equity and liabilities €12.3m
Equity
€10.0m ▲ 26.5%
Debt
€2.3m ▼ 40.5%
Debt's share of the balance-sheet total falls from 32.7% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
20.9%▼
2024 · 28.3%
ROA
17.0%▼
2024 · 19.1%
Debt ≤ 1 year
€140,671▼
2024 · €2.5m
Debt > 1 year
€2.1m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €896,336 | €581,173 | ▼ 35.2% |
| Turnover70 | - | - | - | €896,336 | €581,173 | ▼ 35.2% |
| Operating charges60/66A | - | - | - | €504,451 | €296,702 | ▼ 41.2% |
| Services and other goods61 | - | - | - | €503,343 | €295,559 | ▼ 41.3% |
| Other operating charges640/8 | €988 | €990 | €1,092 | €1,108 | €1,143 | ▲ 3.1% |
| Gross operating margin9900 | -€42,915 | €101,812 | €154,819 | - | - | - |
| Operating profit (loss)9901 | -€43,903 | €100,822 | €153,727 | €391,885 | €284,472 | ▼ 27.4% |
| Financial income75/76B | €581,484 | €543,192 | €902,162 | €2.0m | €2.0m | ▼ 1.6% |
| Recurring financial income75 | €581,484 | €543,192 | €902,162 | €2.0m | €2.0m | ▼ 1.6% |
| Income from financial fixed assets750 | - | - | - | €2.0m | €1.9m | ▼ 1.4% |
| Income from current assets751 | - | - | - | €6,792 | €1,268 | ▼ 81.3% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €102,212 | €100,111 | €154,462 | €140,566 | €145,976 | ▲ 3.8% |
| Recurring financial charges65 | €102,212 | €100,111 | €154,462 | €140,566 | €145,976 | ▲ 3.8% |
| Debt charges650 | - | - | - | €139,626 | €145,213 | ▲ 4.0% |
| Other financial charges652/9 | - | - | - | €940 | €763 | ▼ 18.9% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €435,369 | €543,903 | €901,428 | €2.2m | €2.1m | ▼ 6.5% |
| Profit (loss) for the period9904 | €435,369 | €543,903 | €901,428 | €2.2m | €2.1m | ▼ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €435,369 | €543,903 | €901,428 | €2.2m | €2.1m | ▼ 6.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.7m | €11.9m | €11.7m | €11.7m | €12.3m | ▲ 4.6% |
| Fixed assets21/28 | €11.4m | €11.2m | €11.2m | €11.2m | €11.2m | = |
| Financial fixed assets28 | €11.4m | €11.2m | €11.2m | €11.2m | €11.2m | = |
| Affiliated companies280/1 | - | - | - | €11.2m | €11.2m | = |
| Participating interests280 | - | - | - | €11.2m | €11.2m | = |
| Current assets29/58 | €274,435 | €710,667 | €531,937 | €521,477 | €1.1m | ▲ 103% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €70,465 | €244,237 | €51,906 | €424,591 | €38,056 | ▼ 91.0% |
| Trade receivables40 | €70,413 | €242,107 | €47,396 | €386,790 | €29,575 | ▼ 92.4% |
| Other amounts receivable41 | €53 | €2,130 | €4,510 | €37,801 | €8,481 | ▼ 77.6% |
| Current investments50/53 | - | - | €300,000 | €0 | €850,000 | - |
| Other investments51/53 | - | - | - | €0 | €850,000 | - |
| Cash at bank and in hand54/58 | €201,713 | €462,518 | €179,968 | €96,885 | €170,526 | ▲ 76.0% |
| Deferred charges and accrued income490/1 | €2,258 | €3,912 | €63 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.7m | €11.9m | €11.7m | €11.7m | €12.3m | ▲ 4.6% |
| Equity10/15 | €6.4m | €7.0m | €5.7m | €7.9m | €10.0m | ▲ 26.5% |
| Contributions10/11 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Reserves13 | €1.4m | €2.0m | €652,000 | €2.9m | €5.0m | ▲ 72.4% |
| Non-distributable reserves130/1 | €105,000 | €133,000 | €179,000 | €291,000 | €396,000 | ▲ 36.1% |
| Reserves not available under the articles1311 | €105,000 | €133,000 | €179,000 | €291,000 | €396,000 | ▲ 36.1% |
| Distributable reserves133 | €1.3m | €1.8m | €473,000 | €2.6m | €4.6m | ▲ 76.5% |
| Profit (loss) carried forward14 | €443 | €346 | €774 | €798 | €395 | ▼ 50.5% |
| Amounts payable17/49 | €5.3m | €5.0m | €6.1m | €3.8m | €2.3m | ▼ 40.5% |
| Amounts payable after more than one year17 | €4.6m | €3.8m | €3.3m | €1.2m | €2.1m | ▲ 79.8% |
| Financial debts170/4 | €769,120 | €258,226 | €0 | - | - | - |
| Other amounts payable178/9 | €3.9m | €3.6m | €3.3m | €1.2m | €2.1m | ▲ 79.8% |
| Amounts payable within one year42/48 | €549,444 | €1.0m | €2.6m | €2.5m | €140,671 | ▼ 94.4% |
| Current portion of amounts payable after more than one year42 | €503,554 | €510,894 | €258,226 | €0 | - | - |
| Trade debts44 | €42,616 | €118,329 | €182,394 | €222,483 | €40,393 | ▼ 81.8% |
| Suppliers440/4 | €42,616 | €118,329 | €182,394 | €222,483 | €40,393 | ▼ 81.8% |
| Taxes, remuneration and social security45 | €3,275 | €0 | - | €444 | €278 | ▼ 37.4% |
| Taxes450/3 | €3,275 | €0 | - | €444 | €278 | ▼ 37.4% |
| Other amounts payable47/48 | - | €389,786 | €2.2m | €2.3m | €100,000 | ▼ 95.7% |
| Accrued charges and deferred income492/3 | €78,361 | €88,590 | €138,037 | €138,244 | €37,051 | ▼ 73.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €435,369 | €543,903 | €901,428 | €2.2m | €2.1m | ▼ 6.5% |
| Operating cash flow (approximation) | €435,369 | €543,903 | €901,428 | €2.2m | €2.1m | ▼ 6.5% |
| Investment in fixed assets (approximation) | - | €196,960 | €0 | €0 | €0 | - |
| Change in cash | - | €260,805 | -€282,550 | -€83,083 | €73,641 | ▲ 189% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 36current ratio 7.53
Current ratio from 0.21 to 7.53; short-term debt falls from €2.5m to €140,671.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2019net €2.2m ▲148%
Operating result €391,885, net result €2.2m, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
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.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Aalter · 1 establishment unit since 2000
Ground area
6,015 m²
Building footprint
1,020 m²
Volume, LiDAR
12,405 m³
Parcel 44503H0075/00K000, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
29
companies at this address
See who is registered here
1 establishment unit
Knokkebaan 25, 9880 Aalter
since 20002.115.704.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0075/00K000 | Flanders | 6,015 m² | 1 · 1,020 m² | 16.1 m · 4 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.
Structure & network
Part of the group
VT-INVEST
24 companies
Group, risk and exposure
Owners and holdings
2 owners · 2 holdingsChain of control
- VT-INVEST
- STECHO
Highest known parent: VT-INVEST. The sources do not say who stands above it.
Owners 2
- VT-INVESTparentSourceaccounts VT-INVEST 202599.99%
-
0.01%
Holdings 2
-
100%
-
99.87%
According to the 2025 annual accounts of STECHO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
DAIRY 21
BE 0777.902.188
Herentals · Eq €9,966,610
KAMPANI
BE 0597.703.409
Sint-Pieters-Woluwe · Eq €9,966,293
SOUVERAIN 400
BE 0453.080.565
Knokke-Heist · Eq €9,964,880
CIHOLD
BE 0838.752.070
Mol · Eq €9,964,059
Brain² Holding
BE 0794.912.030
Zaventem · Eq €9,956,497
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 6,057 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Contact
E-mail
boekhouding@vantornhaut.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468745075
Also
9925:BE0468745075
Registered
22-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.