STEDELO
Open bankruptcySummary
A bankruptcy procedure is open for STEDELO according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €33k and a net result of €-5k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 24-02-2023, 24 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 · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
24 d late
2021
4 d late
2020
5 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€33k▼ 13.1%
2021 · €37k
2019: €-4k
2020: €38k
2021: €37k
2019 → 2022
Total assets
€58k▲ 10.3%
2021 · €53k
2019: €11k
2020: €48k
2021: €53k
2019 → 2022
Net result
€-5k▼ 740%
2021 · €-582
2019: €-8k
2020: €42k
2021: €-582
2019 → 2022
Working capital
€29k▼ 9.7%
2021 · €32k
2019: €-8k
2020: €34k
2021: €32k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€-4k-€38k€37k▼ 1.5%€33k▼ 13.1%
Operating result€-8k-€52k€-566€-5k▼ 754%
Net result€-8k-€42k€-582€-5k▼ 740%
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 stays negative: a loss of €5k in 2022 against €566 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €58k
Fixed assets
€3k ▼ 33.6%
Current assets
€55k ▲ 15.1%
Equity and liabilities €58k
Equity
€33k ▼ 13.1%
Debt
€26k ▲ 67.4%
Debt's share of the balance-sheet total rises from 29.0% to 44.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2021 · €1k
Cash flow
€-3k▼
2021 · €1k
Current ratio
2.14▼
2021 · 3.11
Debt to equity
0.79
ROE
-15.0%▼
2021 · -1.6%
ROA
-8.4%▼
2021 · -1.1%
Interest coverage
-44.25
Debt ≤ 1 year
€26k▲
2021 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 42 lines
Balance sheet
Code20212022
Assets
Total assets20/58€53k€58k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23-€60
Furniture and vehicles24-€2k
Financial fixed assets28€2k€2k=
Current assets29/58€48k€55k▲
Amounts receivable within one year40/41€47k€54k▲
Trade receivables40-€54k
Other amounts receivable41-€145
Cash at bank and in hand54/58€49€22▼
Deferred charges and accrued income490/1-€314
Equity and liabilities
Total equity and liabilities10/49€53k€58k▲
Equity10/15€37k€33k▼
Contributions10/11-€2k
Reserves13€35k€31k▼
Non-distributable reserves130/1-€584
Reserves not available under the articles1311-€584
Distributable reserves133-€30k
Profit (loss) carried forward14€-8k-
Amounts payable17/49€15k€26k▲
Amounts payable within one year42/48€15k€26k▲
Financial debts43-€17
Credit institutions430/8-€17
Trade debts44€5k€19k▲
Suppliers440/4-€19k
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48-€4k
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8-€2k
Gross operating margin9900€2k€-1k▼
Operating profit (loss)9901€-566€-5k▼
Financial income75/76B-€9
Recurring financial income75€19€9▼
Financial charges65/66B-€70
Recurring financial charges65€35€70▲
Profit (loss) for the period before taxes9903€-582€-5k▼
Profit (loss) for the period9904€-582€-5k▼
Profit (loss) for the period to be appropriated9905€-582€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-5k
Transfer from equity791/2-€5k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
16-08
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · STEDELO BV CENTRUM-ZUID 1790/2, 3530 HOUTHALEN-HELCHTEREN · event 09-08-2023
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
04-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
30-06
Financial
Liquidity times 9current ratio 4.31
Current ratio from 0.49 to 4.31; short-term debt falls from €15k to €10k.
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Houthalen-Helchteren · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Centrum-Zuid 17903530 Houthalen-HelchterenGround area
8,989 m²
Building footprint
5,404 m²
Parcel 72015C0166/00W010, Flanders. Linked by address, not a title deed.
1 establishment unit
STEDELO
since 20172.266.991.255
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0166/00W010 | Flanders | 8,989 m² | 1 · 5,404 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BERT VANDENREYT PAALSESTEENWEG 131, 3583 05
BERINGEN-PAAL |
09-08-2023 → present |
| Curator | ANN NOE PAALS-
ESTEENWEG 131, 3583 05 BERINGEN-PAAL |
09-08-2023 → present |
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Of 3,962 companies in sector 43331 we hold annual accounts for 1,790. 1,493 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-07-2017
Fiscal year end30-06
Activities, NACEBEL 2025
43331Floor and wall tiling
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.