STEDA
ActiveSummary
STEDA has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,695) and a net result of €22,874. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 1540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 59
Relative position
BE, all sectors
reference
Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)
about 37% fewer 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 2025Age of the figures
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1540 sector peers (2025).
NBB · sector comparisonPosition among 1540 sector peers
Solvency
better than 12%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 d early
2024
12 d late
2023
49 d early
2022
31 d early
2021
4 d early
2020
51 d early
2019
53 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 14 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€1,695▲ 93.1%
2024 · -€24,569
Total assets
€4,218▼ 62.0%
2024 · €11,090
Net result
€22,874▼ 69.3%
2024 · €74,612
Working capital
-€3,809▲ 86.3%
2024 · -€27,820
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing 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€5,518€21,772▲ 295%€61,164▲ 181%€74,814▲ 22.3%€22,961▼ 69.3%
Net result€4,231within the sector's middle half€20,816within the sector's middle half▲ 392%€60,695above the sector's middle half▲ 192%€74,612above the sector's middle half▲ 22.9%€22,874above the sector's middle half▼ 69.3%
Equity-€180,692below the sector's middle half▲ 2.3%-€159,876below the sector's middle half▲ 11.5%-€99,181below the sector's middle half▲ 38.0%-€24,569below the sector's middle half▲ 75.2%-€1,695below the sector's middle half▲ 93.1%
Total assets€33,468below the sector's middle half▼ 46.6%€2,285below the sector's middle half▼ 93.2%€3,259below the sector's middle half▲ 42.6%€11,090below the sector's middle half▲ 240%€4,218below the sector's middle half▼ 62.0%
Debt€214,160▼ 13.5%€162,161▼ 24.3%€102,440▼ 36.8%€35,659▼ 65.2%€5,913▼ 83.4%
Working capital-€183,509▼ 12.7%-€153,745▲ 16.2%-€100,538▲ 34.6%-€27,820▲ 72.3%-€3,809▲ 86.3%
Solvency-539.9%below the sector's middle half▼ 244.9pp-221.5%below the sector's middle half
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 59, Motion picture, video and television programme production, sound recording and music publishing 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 falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4,218
Fixed assets
€2,114 ▼ 35.0%
Current assets
€2,104 ▼ 73.2%
Key figures and ratios
EBITDA
€23,808▼
2024 · €75,347
Cash flow
€23,721▼
2024 · €75,145
Interest coverage
180.10▼
2024 · 372.65
Debt ≤ 1 year
€5,913▼
2024 · €35,659
Ratios withheld: a balance sheet total of €4,218 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,176 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,607 | €129 | €241 | €533 | €846 | ▲ 58.8% |
| Other operating charges640/8 | €468 | €410 | €516 | €939 | €610 | ▼ 35.1% |
| Non-recurring operating charges66A | - | €4,648 | - | - | - | - |
| Gross operating margin9900 | €14,593 | €26,960 | €61,921 | €76,286 | €24,417 | ▼ 68.0% |
| Operating profit (loss)9901 | €5,518 | €21,772 | €61,164 | €74,814 | €22,961 | ▼ 69.3% |
| Financial income75/76B | €0 | €6 | - | - | €45 | - |
| Recurring financial income75 | €0 | €6 | - | - | €45 | - |
| Financial charges65/66B | €1,097 | €962 | €426 | €202 | €132 | ▼ 34.6% |
| Recurring financial charges65 | €1,097 | €962 | €426 | €202 | €132 | ▼ 34.6% |
| Profit (loss) for the period before taxes9903 | €4,421 | €20,816 | €60,738 | €74,612 | €22,874 | ▼ 69.3% |
| Income taxes67/77 | €190 | - | €43 | - | - | - |
| Profit (loss) for the period9904 | €4,231 | €20,816 | €60,695 | €74,612 | €22,874 | ▼ 69.3% |
| Profit (loss) for the period to be appropriated9905 | €4,231 | €20,816 | €60,695 | €74,612 | €22,874 | ▼ 69.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,468 | €2,285 | €3,259 | €11,090 | €4,218 | ▼ 62.0% |
| Fixed assets21/28 | €31,068 | €290 | €1,358 | €3,251 | €2,114 | ▼ 35.0% |
| Tangible fixed assets22/27 | €30,778 | - | €1,068 | €2,961 | €2,114 | ▼ 28.6% |
| Plant, machinery and equipment23 | €129 | - | - | €2,155 | €1,570 | ▼ 27.1% |
| Furniture and vehicles24 | €30,648 | - | €1,068 | €806 | €544 | ▼ 32.5% |
| Financial fixed assets28 | €290 | €290 | €290 | €290 | - | - |
| Current assets29/58 | €2,400 | €1,995 | €1,901 | €7,839 | €2,104 | ▼ 73.2% |
| Amounts receivable within one year40/41 | - | - | - | €7,564 | €1,817 | ▼ 76.0% |
| Trade receivables40 | - | - | - | €7,564 | - | - |
| Other amounts receivable41 | - | - | - | - | €1,817 | - |
| Cash at bank and in hand54/58 | €984 | €1,995 | €1,901 | €149 | €251 | ▲ 68.7% |
| Deferred charges and accrued income490/1 | €1,416 | - | - | €126 | €35 | ▼ 72.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,468 | €2,285 | €3,259 | €11,090 | €4,218 | ▼ 62.0% |
| Equity10/15 | -€180,692 | -€159,876 | -€99,181 | -€24,569 | -€1,695 | ▲ 93.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€199,292 | -€178,476 | -€117,781 | -€43,169 | -€20,295 | ▲ 53.0% |
| Amounts payable17/49 | €214,160 | €162,161 | €102,440 | €35,659 | €5,913 | ▼ 83.4% |
| Amounts payable after more than one year17 | €28,251 | €6,421 | - | - | - | - |
| Financial debts170/4 | €28,251 | €6,421 | - | - | - | - |
| Amounts payable within one year42/48 | €185,910 | €155,740 | €102,440 | €35,659 | €5,913 | ▼ 83.4% |
| Current portion of amounts payable after more than one year42 | €13,752 | €7,531 | €6,421 | - | - | - |
| Trade debts44 | €3,829 | €2,168 | €2,844 | €2,271 | €1,339 | ▼ 41.0% |
| Suppliers440/4 | €3,829 | €2,168 | €2,844 | €2,271 | €1,339 | ▼ 41.0% |
| Advances received on contracts in progress46 | - | - | €1,682 | - | - | - |
| Taxes, remuneration and social security45 | €2,394 | €5,955 | €4,904 | €4,817 | €4,574 | ▼ 5.1% |
| Taxes450/3 | €1,244 | €5,955 | €4,904 | €4,817 | €4,574 | ▼ 5.1% |
| Remuneration and social security454/9 | €1,150 | - | - | - | - | - |
| Other amounts payable47/48 | €165,934 | €140,086 | €86,590 | €28,570 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,231 | €20,816 | €60,695 | €74,612 | €22,874 | ▼ 69.3% |
| + Depreciation and write-downs630 | €8,607 | €129 | €241 | €533 | €846 | ▲ 58.8% |
| Operating cash flow (approximation) | €12,838 | €20,946 | €60,936 | €75,145 | €23,721 | ▼ 68.4% |
| Investment in fixed assets (approximation) | - | €30,648 | -€1,309 | -€2,426 | €290 | ▲ 112% |
| Change in cash | - | €1,011 | -€94 | -€1,752 | €102 | ▲ 106% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Highest result since 2018net €74,612 ▲22.9%
Operating result €74,814, net result €74,612, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,231
Net result €4,231 after 3 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€108,535
Net result drops to -€108,535, the lowest in the series; recovery starts the following year.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 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, Brakel · 1 establishment unit since 2017
Ground area
7,101 m²
Building footprint
222 m²
Volume, LiDAR
1,142 m³
Parcel 45024B0328/00L000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Café Manger
since 20172.262.949.919
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45024B0328/00L000 | Flanders | 7,101 m² | 1 · 222 m² | 9.9 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 312 companies in sector 59130 we hold annual accounts for 124. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
59130Motion picture, video and television programme production, sound recording and music publishing activities
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673598979
Also
9925:BE0673598979
Registered
19-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.