STECO PROJECTS
ActiveSummary
STECO PROJECTS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €639,624 and a net result of €70,817. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 7967 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+1
Solvency100▲+2
Growth85=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 5.81 against 4.92 in 2024; short-term debt: 13.1% and cash: 45.7% of total assets), and 23.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
76.7%
Return on assets
8.5%
Age of the figures
9 mo
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
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
19 d early
2022
31 d late
2021
16 d early
2020
26 d early
2019
2 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 13 days before 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 (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. Usually files around 13 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€1.1m▲ 71.9%
2019 · €617,177
EBIT margin
12.1%▲ 7.3pp
2019 · 4.8%
Net result
€70,817▲ 20.0%
2024 · €58,991
Working capital
€526,336▲ 17.3%
2024 · €448,797
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€100,525▼ 21.4%€107,036▲ 6.5%€217,771▲ 103%€76,360▼ 64.9%€88,257▲ 15.6%
Net result€75,928above the sector's middle half▼ 21.3%€82,945above the sector's middle half▲ 9.2%€155,267above the sector's middle half▲ 87.2%€58,991within the sector's middle half▼ 62.0%€70,817within the sector's middle half▲ 20.0%
EBIT margin
Equity€352,326above the sector's middle half▲ 27.5%€379,113above the sector's middle half▲ 7.6%€534,380within the sector's middle half▲ 41.0%€568,807within the sector's middle half▲ 6.4%€639,624above the sector's middle half▲ 12.5%
Total assets€471,619above the sector's middle half▲ 47.6%€615,097above the sector's middle half▲ 30.4%€775,002within the sector's middle half▲ 26.0%€782,832within the sector's middle half▲ 1.0%€833,960within the sector's middle half▲ 6.5%
Debt€119,292▲ 177%€235,984▲ 97.8%€240,623▲ 2.0%€214,025▼ 11.1%€194,336▼ 9.2%
Working capital€247,774above the sector's middle half▲ 1.1%€253,107above the sector's middle half▲ 2.2%€438,127within the sector's middle half▲ 73.1%€448,797within the sector's middle half▲ 2.4%€526,336above the sector's middle half▲ 17.3%
Solvency74.7%above the sector's middle half▼ 11.8pp61.6%within the sector's middle half▼ 13.1pp69.0%above the sector's middle half▲ 7.3pp72.7%above the sector's middle half▲ 3.7pp76.7%above the sector's middle half▲ 4.0pp
Current ratio6.62above the sector's middle half▼ 0.783.42above the sector's middle half▼ 3.204.47above the sector's middle half▲ 1.054.92above the sector's middle half▲ 0.465.81above the sector's middle half▲ 0.88
Return on assets (ROA)16.1%within the sector's middle half▼ 14.1pp13.5%within the sector's middle half▼ 2.6pp20.0%above the sector's middle half▲ 6.5pp7.5%within the sector's middle half▼ 12.5pp8.5%within the sector's middle half▲ 1.0pp
Staff (FTE)1▲ 400%1=0.6below the sector's middle half▼ 40.0%0.6below the sector's middle half=0.6below 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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €833,960
Fixed assets
€198,153 ▼ 9.8%
Current assets
€635,808 ▲ 12.9%
Equity and liabilities €833,960
Equity
€639,624 ▲ 12.5%
Debt
€194,336 ▼ 9.2%
Debt's share of the balance-sheet total falls from 27.3% to 23.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109,778▲
2024 · €102,010
Cash flow
€92,339▲
2024 · €84,641
Quick ratio
5.42▲
2024 · 4.11
Debt to equity
0.30▼
2024 · 0.38
ROE
11.1%▲
2024 · 10.4%
Interest coverage
85.01▲
2024 · 29.53
Debt ≤ 1 year
€109,472▼
2024 · €114,361
Debt > 1 year
€84,864▼
2024 · €99,664
Income taxes
€27,670▲
2024 · €22,863
Staff costs
€24,851▲
2024 · €24,088
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8,963 | €0 | €67 | €0 | €2,599 | - |
| Remuneration, social security and pensions62 | €22,128 | €21,546 | €19,786 | €24,088 | €24,851 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,198 | €27,182 | €28,032 | €25,650 | €21,522 | ▼ 16.1% |
| Other operating charges640/8 | €770 | €162 | €916 | €2,171 | €1,902 | ▼ 12.4% |
| Gross operating margin9900 | €136,621 | €155,925 | €266,504 | €128,269 | €136,532 | ▲ 6.4% |
| Operating profit (loss)9901 | €100,525 | €107,036 | €217,771 | €76,360 | €88,257 | ▲ 15.6% |
| Financial income75/76B | €5,562 | €6,592 | €8,183 | €8,949 | €11,521 | ▲ 28.7% |
| Recurring financial income75 | €5,562 | €6,592 | €8,183 | €8,949 | €11,521 | ▲ 28.7% |
| Financial charges65/66B | €3,762 | €4,527 | €3,955 | €3,455 | €1,291 | ▼ 62.6% |
| Recurring financial charges65 | €3,762 | €4,527 | €3,955 | €3,455 | €1,291 | ▼ 62.6% |
| Profit (loss) for the period before taxes9903 | €102,324 | €109,101 | €221,999 | €81,854 | €98,487 | ▲ 20.3% |
| Income taxes67/77 | €26,396 | €26,156 | €66,732 | €22,863 | €27,670 | ▲ 21.0% |
| Profit (loss) for the period9904 | €75,928 | €82,945 | €155,267 | €58,991 | €70,817 | ▲ 20.0% |
| Transfer from tax-exempt reserves789 | €18,750 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €94,678 | €82,945 | €155,267 | €58,991 | €70,817 | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €471,619 | €615,097 | €775,002 | €782,832 | €833,960 | ▲ 6.5% |
| Fixed assets21/28 | €179,773 | €257,438 | €210,529 | €219,674 | €198,153 | ▼ 9.8% |
| Tangible fixed assets22/27 | €177,414 | €257,438 | €210,529 | €219,674 | €198,153 | ▼ 9.8% |
| Land and buildings22 | €144,024 | €235,579 | €202,928 | €189,072 | €175,248 | ▼ 7.3% |
| Plant, machinery and equipment23 | €2,490 | €4,071 | €2,066 | €1,541 | €1,017 | ▼ 34.0% |
| Furniture and vehicles24 | €30,900 | €17,788 | €5,535 | €29,061 | €21,887 | ▼ 24.7% |
| Financial fixed assets28 | €2,360 | €0 | - | - | - | - |
| Current assets29/58 | €291,846 | €357,659 | €564,473 | €563,158 | €635,808 | ▲ 12.9% |
| Stocks and contracts in progress3 | €69,180 | €74,287 | €71,176 | €92,845 | €42,582 | ▼ 54.1% |
| Stocks30/36 | €69,180 | €74,287 | €71,176 | €92,845 | €42,582 | ▼ 54.1% |
| Amounts receivable within one year40/41 | €25,280 | €31,471 | €59,444 | €36,713 | €57,055 | ▲ 55.4% |
| Trade receivables40 | €18,784 | €31,471 | €59,444 | €19,498 | €51,560 | ▲ 164% |
| Other amounts receivable41 | €6,496 | €0 | - | €17,215 | €5,495 | ▼ 68.1% |
| Current investments50/53 | - | - | - | €349,518 | €149,518 | ▼ 57.2% |
| Cash at bank and in hand54/58 | €195,843 | €250,427 | €433,625 | €80,614 | €381,087 | ▲ 373% |
| Deferred charges and accrued income490/1 | €1,542 | €1,474 | €229 | €3,469 | €5,566 | ▲ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €471,619 | €615,097 | €775,002 | €782,832 | €833,960 | ▲ 6.5% |
| Equity10/15 | €352,326 | €379,113 | €534,380 | €568,807 | €639,624 | ▲ 12.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €339,926 | €366,713 | €521,980 | €556,407 | €627,224 | ▲ 12.7% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €338,066 | €366,713 | €521,980 | €556,407 | €627,224 | ▲ 12.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €119,292 | €235,984 | €240,623 | €214,025 | €194,336 | ▼ 9.2% |
| Amounts payable after more than one year17 | €70,625 | €128,703 | €114,276 | €99,664 | €84,864 | ▼ 14.8% |
| Financial debts170/4 | €70,625 | €128,703 | €114,276 | €99,664 | €84,864 | ▼ 14.8% |
| Amounts payable within one year42/48 | €44,072 | €104,552 | €126,347 | €114,361 | €109,472 | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | - | €14,244 | €14,427 | €14,612 | €14,800 | ▲ 1.3% |
| Financial debts43 | - | - | €234 | €319 | €180 | ▼ 43.6% |
| Credit institutions430/8 | - | - | €234 | €319 | €180 | ▼ 43.6% |
| Trade debts44 | €32,988 | €72,641 | €82,926 | €69,506 | €79,718 | ▲ 14.7% |
| Suppliers440/4 | €32,988 | €72,641 | €82,926 | €69,506 | €79,718 | ▲ 14.7% |
| Advances received on contracts in progress46 | - | - | - | €4,055 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €11,083 | €16,289 | €26,939 | €25,022 | €13,880 | ▼ 44.5% |
| Taxes450/3 | €6,991 | €9,877 | €23,916 | €18,911 | €10,131 | ▼ 46.4% |
| Remuneration and social security454/9 | €4,092 | €6,412 | €3,024 | €6,111 | €3,749 | ▼ 38.6% |
| Other amounts payable47/48 | - | €1,379 | €1,821 | €846 | €893 | ▲ 5.5% |
| Accrued charges and deferred income492/3 | €4,596 | €2,729 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,928 | €82,945 | €155,267 | €58,991 | €70,817 | ▲ 20.0% |
| + Depreciation and write-downs630 | €13,198 | €27,182 | €28,032 | €25,650 | €21,522 | ▼ 16.1% |
| Operating cash flow (approximation) | €89,126 | €110,126 | €183,298 | €84,641 | €92,339 | ▲ 9.1% |
| Investment in fixed assets (approximation) | - | -€104,846 | €18,877 | -€34,795 | €0 | ▲ 100% |
| Change in cash | - | €54,584 | €183,198 | -€353,011 | €300,473 | ▲ 185% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €155,267 ▲87.2%
Operating result €217,771, net result €155,267, both a record.
31-12
Financial
Equity above €500,000Eq €534,380 ▲41%
6 profitable years in a row build equity to €534,380.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €276,398 ▲53.6%
3 profitable years in a row build equity to €276,398.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Maaseik · 1 establishment unit since 2010
Ground area
724 m²
Building footprint
128 m²
Volume, LiDAR
829 m³
Parcel 72024F0708/00K000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STECO PROJECTS
since 20102.196.073.268
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024F0708/00K000 | Flanders | 724 m² | 1 · 128 m² | 10.2 m · 2 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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Of 20,025 companies in sector 43320 we hold annual accounts for 9,140. 5,424 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
Founded23-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
46649Wholesale of other machinery and equipment
43990Other specialised construction activities
Contact
E-mail
info@steco-projects.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831621481
Also
9925:BE0831621481
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.