STECOTER
ActiveSummary
The annual accounts of STECOTER for fiscal year 2025 show a net loss of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €4,890 and a net result of -€19,370. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 28281 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-68
Solvency30▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.07 against 1.08 in 2024; short-term debt: 46.9% and cash: 11.5% of total assets), and 95.3% of the assets are financed with debt.
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Signals
Six 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.7%
Return on assets
-18.5%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
29 d late
2023
21 d late
2022
3 d early
2021
31 d late
2020
17 d late
2019
87 d late
← 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 30 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 (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 26 August (5 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, micro schema
Equity
€4,890▼ 79.8%
2024 · €24,260
Total assets
€104,477▼ 6.3%
2024 · €111,528
Net result
-€19,370
2024 · €24
Working capital
€3,517▼ 38.8%
2024 · €5,742
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,005€3,077▼ 90.7%€26,590▲ 764%€1,030▼ 96.1%-€18,065
Net result€25,106within the sector's middle half€2,860within the sector's middle half▼ 88.6%€19,168within the sector's middle half▲ 570%€24below the sector's middle half▼ 99.9%-€19,370below the sector's middle half
Equity€2,208below the sector's middle half€5,068below the sector's middle half▲ 130%€24,236within the sector's middle half▲ 378%€24,260within the sector's middle half▲ 0.1%€4,890below the sector's middle half▼ 79.8%
Total assets€105,503within the sector's middle half▼ 1.9%€94,241within the sector's middle half▼ 10.7%€107,485within the sector's middle half▲ 14.1%€111,528within the sector's middle half▲ 3.8%€104,477within the sector's middle half▼ 6.3%
Debt€103,295▼ 20.8%€89,173▼ 13.7%€83,248▼ 6.6%€87,268▲ 4.8%€99,587▲ 14.1%
Working capital-€22,630below the sector's middle half▲ 53.8%-€25,986below the sector's middle half▼ 14.8%€2,078below the sector's middle half€5,742within the sector's middle half▲ 176%€3,517below the sector's middle half▼ 38.8%
Solvency2.1%below the sector's middle half▲ 23.4pp5.4%below the sector's middle half▲ 3.3pp22.5%below the sector's middle half▲ 17.2pp21.8%below the sector's middle half▼ 0.8pp4.7%below the sector's middle half▼ 17.1pp
Current ratio0.73below the sector's middle half▲ 0.250.70below the sector's middle half▼ 0.031.02below the sector's middle half▲ 0.321.08below the sector's middle half▲ 0.051.07below the sector's middle half▼ 0.01
Return on assets (ROA)23.8%above the sector's middle half▲ 31.0pp3.0%within the sector's middle half▼ 20.8pp17.8%above the sector's middle half▲ 14.8pp0.0%below the sector's middle half▼ 17.8pp-18.5%below the sector's middle half▼ 18.6pp
Staff (FTE)
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
The operating result turns negative in 2025: a loss of €18,065 after €1,030 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104,477
Fixed assets
€51,922 ▲ 64.7%
Current assets
€52,555 ▼ 34.3%
Equity and liabilities €104,477
Equity
€4,890 ▼ 79.8%
Debt
€99,587 ▲ 14.1%
Debt's share of the balance-sheet total rises from 78.2% to 95.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€179▼
2024 · €14,259
Cash flow
-€1,126▼
2024 · €13,252
Debt to equity
20.36▲
2024 · 3.60
ROE
-396.1%▼
2024 · 0.1%
Interest coverage
0.14▼
2024 · 23.21
Debt ≤ 1 year
€49,039▼
2024 · €74,266
Debt > 1 year
€50,511▲
2024 · €13,002
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 642 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.6%
went bankrupt
5.5%
stopped otherwise
90%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 642 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €9 | €1,437 | €1,214 | €1,601 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,414 | €12,273 | €12,659 | €13,228 | €18,244 | ▲ 37.9% |
| Other operating charges640/8 | €2,250 | €2,196 | €2,900 | €12,701 | €549 | ▼ 95.7% |
| Gross operating margin9900 | €53,678 | €18,984 | €43,363 | €28,560 | €728 | ▼ 97.5% |
| Operating profit (loss)9901 | €33,005 | €3,077 | €26,590 | €1,030 | -€18,065 | ▼ 1,853% |
| Financial income75/76B | €226 | €1,100 | - | €0 | - | - |
| Recurring financial income75 | €226 | €1,100 | - | €0 | - | - |
| Financial charges65/66B | €8,125 | €1,318 | €2,167 | €614 | €1,305 | ▲ 112% |
| Recurring financial charges65 | €8,125 | €1,318 | €2,167 | €614 | €1,305 | ▲ 112% |
| Profit (loss) for the period before taxes9903 | €25,106 | €2,860 | €24,422 | €416 | -€19,370 | ▼ 4,752% |
| Income taxes67/77 | - | - | €5,254 | €392 | - | - |
| Profit (loss) for the period9904 | €25,106 | €2,860 | €19,168 | €24 | -€19,370 | ▼ 80,909% |
| Profit (loss) for the period to be appropriated9905 | €25,106 | €2,860 | €19,168 | €24 | -€19,370 | ▼ 80,909% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,503 | €94,241 | €107,485 | €111,528 | €104,477 | ▼ 6.3% |
| Fixed assets21/28 | €43,174 | €32,340 | €22,158 | €31,520 | €51,922 | ▲ 64.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €43,174 | €32,040 | €21,858 | €31,220 | €51,622 | ▲ 65.3% |
| Land and buildings22 | - | - | - | - | €2,767 | - |
| Plant, machinery and equipment23 | €2,295 | €2,206 | €1,934 | €2,481 | €2,296 | ▼ 7.5% |
| Furniture and vehicles24 | €2,398 | €967 | €19,925 | €28,739 | €46,559 | ▲ 62.0% |
| Leasing and similar rights25 | €38,480 | €28,867 | - | - | - | - |
| Financial fixed assets28 | - | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €62,329 | €61,901 | €85,326 | €80,008 | €52,555 | ▼ 34.3% |
| Amounts receivable within one year40/41 | €53,380 | €58,690 | €80,790 | €65,657 | €40,325 | ▼ 38.6% |
| Trade receivables40 | €52,908 | €58,430 | €80,530 | €65,397 | €32,105 | ▼ 50.9% |
| Other amounts receivable41 | €472 | €260 | €260 | €260 | €8,220 | ▲ 3,061% |
| Cash at bank and in hand54/58 | €8,636 | €2,878 | €4,219 | €13,974 | €11,970 | ▼ 14.3% |
| Deferred charges and accrued income490/1 | €314 | €333 | €317 | €376 | €260 | ▼ 30.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,503 | €94,241 | €107,485 | €111,528 | €104,477 | ▼ 6.3% |
| Equity10/15 | €2,208 | €5,068 | €24,236 | €24,260 | €4,890 | ▼ 79.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€10,192 | -€7,332 | €11,836 | €11,860 | -€7,510 | ▼ 163% |
| Amounts payable17/49 | €103,295 | €89,173 | €83,248 | €87,268 | €99,587 | ▲ 14.1% |
| Amounts payable after more than one year17 | €18,336 | €1,287 | - | €13,002 | €50,511 | ▲ 288% |
| Financial debts170/4 | €18,336 | €1,287 | - | €13,002 | €50,511 | ▲ 288% |
| Amounts payable within one year42/48 | €84,959 | €87,886 | €83,248 | €74,266 | €49,039 | ▼ 34.0% |
| Current portion of amounts payable after more than one year42 | €17,709 | €17,049 | €1,287 | €3,035 | €12,361 | ▲ 307% |
| Trade debts44 | €29,892 | €35,810 | €35,503 | €36,656 | €10,998 | ▼ 70.0% |
| Suppliers440/4 | €29,892 | €35,810 | €35,503 | €36,656 | €10,998 | ▼ 70.0% |
| Taxes, remuneration and social security45 | €121 | €1,068 | €12,694 | €7,407 | - | - |
| Taxes450/3 | €121 | €1,068 | €12,694 | €7,407 | - | - |
| Other amounts payable47/48 | €37,236 | €33,960 | €33,765 | €27,168 | €25,679 | ▼ 5.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €37 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,106 | €2,860 | €19,168 | €24 | -€19,370 | ▼ 80,909% |
| + Depreciation and write-downs630 | €18,414 | €12,273 | €12,659 | €13,228 | €18,244 | ▲ 37.9% |
| Operating cash flow (approximation) | €43,520 | €15,133 | €31,828 | €13,252 | -€1,126 | ▼ 108% |
| Investment in fixed assets (approximation) | - | -€1,440 | -€2,477 | -€22,590 | -€38,646 | ▼ 71.1% |
| Change in cash | - | -€5,758 | €1,342 | €9,755 | -€2,004 | ▼ 121% |
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
28-08
State Gazette act
Resignation: Lara Collin (director)2 facts ▸
State Gazette act
Resignation: Lara Collin (director)
2 facts ▸
- General meeting, 26-08-2026
- Director resignation, Lara Collin (director)
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet -€19,370
Net result drops to -€19,370, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €25,106
Net result €25,106 after 2 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Geer · 1 establishment unit since 2014
Ground area
4.7 ha
Building footprint
449 m²
Parcel 64013B0204/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
STECOTER
since 20142.238.273.515
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64013B0204/00C000indicative ProtectedMonument · Site or landscape |
Wallonia | 4.7 ha | 1 · 449 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Lara Collin |
|
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 1,131 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
Founded05-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0505972883
Also
9925:BE0505972883
Registered
13-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.