STEDEL
ActiveSummary
STEDEL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €140,221. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 1060 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+1
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 2.74 against 2.43 in 2024; short-term debt: 10.7% and cash: 6% of total assets), and 18.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
81.4%
Return on assets
7.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
14 d late
2023
13 d late
2022
on the day
2021
48 d early
2020
5 d late
2019
13 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 2 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 14 August (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
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€90,000
EBIT margin
165.0%
Net result
€140,221▲ 10.5%
2024 · €126,901
Working capital
€346,217▲ 22.4%
2024 · €282,789
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€169,177▼ 19.7%€299,947▲ 77.3%€230,691▼ 23.1%€191,730▼ 16.9%€210,612▲ 9.8%
Net result€91,271above the sector's middle half▼ 30.3%€184,561above the sector's middle half▲ 102%€143,762above the sector's middle half▼ 22.1%€126,901above the sector's middle half▼ 11.7%€140,221above the sector's middle half▲ 10.5%
EBIT margin
Equity€919,940above the sector's middle half▲ 11.0%€1.1mabove the sector's middle half▲ 20.1%€1.2mabove the sector's middle half▲ 13.0%€1.4mabove the sector's middle half▲ 10.2%€1.5mabove the sector's middle half▲ 10.2%
Total assets€1.9mabove the sector's middle half▲ 117%€1.9mabove the sector's middle half▲ 1.5%€1.9mabove the sector's middle half▲ 0.2%€1.9mabove the sector's middle half▼ 2.2%€1.9mabove the sector's middle half▼ 0.4%
Debt€962,340▲ 2,343%€805,304▼ 16.3%€665,086▼ 17.4%€495,279▼ 25.5%€346,676▼ 30.0%
Working capital€179,379above the sector's middle half▼ 5.8%€282,777above the sector's middle half▲ 57.6%€321,421above the sector's middle half▲ 13.7%€282,789above the sector's middle half▼ 12.0%€346,217within the sector's middle half▲ 22.4%
Solvency48.9%within the sector's middle half▼ 46.6pp57.8%within the sector's middle half▲ 9.0pp65.2%above the sector's middle half▲ 7.4pp73.5%above the sector's middle half▲ 8.3pp81.4%above the sector's middle half▲ 7.9pp
Current ratio1.80within the sector's middle half▼ 4.032.35within the sector's middle half▲ 0.552.48within the sector's middle half▲ 0.142.43within the sector's middle half▼ 0.052.74within the sector's middle half▲ 0.31
Return on assets (ROA)4.8%within the sector's middle half▼ 10.2pp9.7%within the sector's middle half▲ 4.8pp7.5%within the sector's middle half▼ 2.2pp6.8%within the sector's middle half▼ 0.7pp7.5%within the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.3m ▼ 5.2%
Current assets
€545,142 ▲ 13.4%
Equity and liabilities €1.9m
Equity
€1.5m ▲ 10.2%
Debt
€346,676 ▼ 30.0%
Debt's share of the balance-sheet total falls from 26.5% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€303,174▲
2024 · €282,084
Cash flow
€232,783▲
2024 · €217,255
Debt to equity
0.23▼
2024 · 0.36
ROE
9.3%▲
2024 · 9.2%
Interest coverage
22.74▲
2024 · 14.50
Debt ≤ 1 year
€198,925▲
2024 · €198,003
Debt > 1 year
€142,002▼
2024 · €297,276
Income taxes
€64,905▲
2024 · €56,406
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 20,134 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 | €60,044 | €76,831 | €81,454 | €90,354 | €92,562 | ▲ 2.4% |
| Other operating charges640/8 | €15,059 | €21,742 | €24,155 | €24,386 | €27,896 | ▲ 14.4% |
| Gross operating margin9900 | €244,280 | €398,520 | €336,300 | €306,470 | €331,070 | ▲ 8.0% |
| Operating profit (loss)9901 | €169,177 | €299,947 | €230,691 | €191,730 | €210,612 | ▲ 9.8% |
| Financial income75/76B | - | €0 | €4,525 | €11,028 | €7,849 | ▼ 28.8% |
| Recurring financial income75 | - | €0 | €4,525 | €11,028 | €7,849 | ▼ 28.8% |
| Financial charges65/66B | €35,439 | €30,629 | €25,142 | €19,452 | €13,335 | ▼ 31.4% |
| Recurring financial charges65 | €35,439 | €30,629 | €25,142 | €19,452 | €13,335 | ▼ 31.4% |
| Profit (loss) for the period before taxes9903 | €133,738 | €269,318 | €210,075 | €183,307 | €205,126 | ▲ 11.9% |
| Income taxes67/77 | €42,467 | €84,756 | €66,313 | €56,406 | €64,905 | ▲ 15.1% |
| Profit (loss) for the period9904 | €91,271 | €184,561 | €143,762 | €126,901 | €140,221 | ▲ 10.5% |
| Profit (loss) for the period to be appropriated9905 | €91,271 | €184,561 | €143,762 | €126,901 | €140,221 | ▲ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 0.4% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 5.2% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 5.2% |
| Land and buildings22 | €1.5m | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 5.7% |
| Plant, machinery and equipment23 | €6,311 | €19,848 | €50,962 | €137,563 | €135,769 | ▼ 1.3% |
| Furniture and vehicles24 | - | - | €574 | €327 | €1,265 | ▲ 287% |
| Financial fixed assets28 | €800 | €800 | €800 | €800 | €800 | = |
| Current assets29/58 | €403,477 | €492,797 | €538,175 | €480,792 | €545,142 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €50,450 | €20,685 | €18,558 | €10,746 | €9,403 | ▼ 12.5% |
| Trade receivables40 | €38,636 | €14,375 | €13,976 | €6,098 | €4,864 | ▼ 20.2% |
| Other amounts receivable41 | €11,814 | €6,311 | €4,582 | €4,647 | €4,539 | ▼ 2.3% |
| Current investments50/53 | - | - | €330,000 | €330,000 | €422,760 | ▲ 28.1% |
| Cash at bank and in hand54/58 | €352,310 | €471,349 | €187,967 | €139,452 | €111,861 | ▼ 19.8% |
| Deferred charges and accrued income490/1 | €717 | €763 | €1,650 | €594 | €1,119 | ▲ 88.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 0.4% |
| Equity10/15 | €919,940 | €1.1m | €1.2m | €1.4m | €1.5m | ▲ 10.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €342,952 | €526,952 | €670,652 | €797,452 | €937,652 | ▲ 17.6% |
| Non-distributable reserves130/1 | €6,202 | €6,202 | €6,202 | €6,202 | €6,202 | = |
| Legal reserve130 | €6,202 | €6,202 | €6,202 | €6,202 | €6,202 | = |
| Distributable reserves133 | €336,750 | €520,750 | €664,450 | €791,250 | €931,450 | ▲ 17.7% |
| Profit (loss) carried forward14 | €514,988 | €515,549 | €515,612 | €515,712 | €515,734 | = |
| Amounts payable17/49 | €962,340 | €805,304 | €665,086 | €495,279 | €346,676 | ▼ 30.0% |
| Amounts payable after more than one year17 | €738,242 | €595,284 | €448,332 | €297,276 | €142,002 | ▼ 52.2% |
| Other amounts payable178/9 | €738,242 | €595,284 | €448,332 | €297,276 | €142,002 | ▼ 52.2% |
| Amounts payable within one year42/48 | €224,098 | €210,020 | €216,753 | €198,003 | €198,925 | ▲ 0.5% |
| Trade debts44 | €5,645 | €8,253 | €10,042 | €549 | €984 | ▲ 79.3% |
| Suppliers440/4 | €5,645 | €8,253 | €7,042 | €549 | €984 | ▲ 79.3% |
| Bills of exchange payable441 | - | - | €3,000 | - | - | - |
| Taxes, remuneration and social security45 | €54,526 | €37,841 | €42,584 | €32,803 | €32,810 | = |
| Taxes450/3 | €54,526 | €37,841 | €42,584 | €32,803 | €32,810 | = |
| Other amounts payable47/48 | €163,926 | €163,926 | €164,126 | €164,651 | €165,131 | ▲ 0.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €5,749 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,271 | €184,561 | €143,762 | €126,901 | €140,221 | ▲ 10.5% |
| + Depreciation and write-downs630 | €60,044 | €76,831 | €81,454 | €90,354 | €92,562 | ▲ 2.4% |
| Operating cash flow (approximation) | €151,316 | €261,393 | €225,216 | €217,255 | €232,783 | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | -€15,036 | -€39,620 | -€104,831 | -€19,829 | ▲ 81.1% |
| Change in cash | - | €119,039 | -€283,381 | -€48,515 | -€27,591 | ▲ 43.1% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €184,561 ▲102%
Operating result €299,947, net result €184,561, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲20.1%
5 profitable years in a row build equity to €1.1m.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €91,271 ▼30.3%
Net result drops to €91,271, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Liquidity times 5current ratio 5.83
Current ratio from 1.28 to 5.83; short-term debt falls from €102,468 to €39,395.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 13 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Nandrin · 2 establishment units since 1988
Ground area
7,333 m²
Building footprint
1,812 m²
Volume, LiDAR
8,877 m³
3 parcels, Wallonia · tallest building 25.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Route du Condroz(RR) 207, 4120 Neupré
since 19882.033.405.753
-
since 20212.326.429.192
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62090A0119/00W000 | Wallonia | 3,516 m² | 1 · 1,523 m² | 7.0 m · 2 fl. |
| 61043A0324/00Z000 | Wallonia | 2,712 m² | 1 · 236 m² | - |
| 62090A0133/00H002 | Wallonia | 1,105 m² | 1 · 53 m² | 25.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GOOD-WASH
BE 0458.964.012
Ath · Eq €1,545,839
LES FORGES NAMUR
BE 0430.771.654
Namur · Eq €1,471,537
CAR- & TRUCKWASH VROMAN
BE 0467.067.371
Waregem · Eq €1,576,186
R.C.S.
BE 0440.755.330
Antwerpen · Eq €1,637,440
DDS- PRODUCTS
BE 0425.718.152
Hasselt · Eq €1,371,049
Of 3,204 companies in sector 95316 we hold annual accounts for 754. 196 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
Founded02-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
47639Retail sale of other sporting goods
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432748276
Also
9925:BE0432748276
Registered
09-10-2025
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.