STEDO
ActiveSummary
STEDO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €142,632 and a net result of -€15,221. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability9▲+2
Solvency99=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 5.1 against 5.61 in 2023; short-term debt: 9.8% and cash: 49.9% of total assets), and 26.2% of the assets are financed with debt.
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Signals
Five 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
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 2024Solvency, return and age of the figures
Solvency
73.8%
Return on assets
-7.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€15,221
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
197 d late
2022
30 d late
2021
12 d late
2020
29 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 58 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€142,632▼ 9.6%
2023 · €157,853
Total assets
€193,362▼ 9.7%
2023 · €214,169
Net result
-€15,221▲ 24.4%
2023 · -€20,144
Working capital
€77,578▼ 9.0%
2023 · €85,280
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,929▼ 98.8%€2,651▼ 9.5%-€1,467-€18,315▼ 1,148%-€13,584▲ 25.8%
Net result€203▼ 99.9%€73▼ 64.0%-€3,487-€20,144▼ 478%-€15,221▲ 24.4%
Equity€181,411▲ 0.1%€181,484=€177,997▼ 1.9%€157,853▼ 11.3%€142,632▼ 9.6%
Total assets€327,002▼ 0.7%€248,496▼ 24.0%€239,652▼ 3.6%€214,169▼ 10.6%€193,362▼ 9.7%
Debt€145,591▼ 1.7%€67,013▼ 54.0%€61,655▼ 8.0%€56,316▼ 8.7%€50,730▼ 9.9%
Working capital€160,020▼ 7.4%€159,132▼ 0.6%€147,490▼ 7.3%€85,280▼ 42.2%€77,578▼ 9.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,584 in 2024 against €18,315 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €193,362
Fixed assets
€96,874 ▼ 12.2%
Current assets
€96,488 ▼ 7.0%
Equity and liabilities €193,362
Equity
€142,632 ▼ 9.6%
Debt
€50,730 ▼ 9.9%
Debt's share of the balance-sheet total falls from 26.3% to 26.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€85▲
2023 · -€10,587
Cash flow
-€1,722▲
2023 · -€12,416
Current ratio
5.10▼
2023 · 5.61
Debt to equity
0.36▼
2023 · 0.36
ROE
-10.7%▲
2023 · -12.8%
ROA
-7.9%▲
2023 · -9.4%
Interest coverage
-0.05▲
2023 · -5.79
Debt ≤ 1 year
€18,910▲
2023 · €18,515
Debt > 1 year
€31,820▼
2023 · €37,801
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% 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 497,338 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% | 1.9% |
| 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 12,321 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,698 | €4,202 | €5,208 | €7,728 | €13,499 | ▲ 74.7% |
| Other operating charges640/8 | - | €3,123 | €3,197 | €3,870 | €4,419 | ▲ 14.2% |
| Gross operating margin9900 | €9,827 | €9,976 | €6,938 | -€6,716 | €4,334 | ▲ 165% |
| Operating profit (loss)9901 | €2,929 | €2,651 | -€1,467 | -€18,315 | -€13,584 | ▲ 25.8% |
| Financial charges65/66B | - | €2,207 | €2,020 | €1,829 | €1,637 | ▼ 10.5% |
| Recurring financial charges65 | €2,385 | €2,207 | €2,020 | €1,829 | €1,637 | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | €545 | €444 | -€3,487 | -€20,144 | -€15,221 | ▲ 24.4% |
| Income taxes67/77 | €342 | €371 | - | - | - | - |
| Profit (loss) for the period9904 | €203 | €73 | -€3,487 | -€20,144 | -€15,221 | ▲ 24.4% |
| Profit (loss) for the period to be appropriated9905 | €203 | €73 | -€3,487 | -€20,144 | -€15,221 | ▲ 24.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €327,002 | €248,496 | €239,652 | €214,169 | €193,362 | ▼ 9.7% |
| Fixed assets21/28 | €81,024 | €76,822 | €79,627 | €110,373 | €96,874 | ▼ 12.2% |
| Tangible fixed assets22/27 | €81,024 | €76,822 | €79,627 | €110,373 | €96,874 | ▼ 12.2% |
| Land and buildings22 | - | €76,822 | €72,621 | €68,419 | €64,217 | ▼ 6.1% |
| Plant, machinery and equipment23 | - | - | €5,224 | €4,022 | €2,819 | ▼ 29.9% |
| Furniture and vehicles24 | - | - | €1,782 | €37,932 | €29,837 | ▼ 21.3% |
| Current assets29/58 | €245,978 | €171,674 | €160,025 | €103,796 | €96,488 | ▼ 7.0% |
| Amounts receivable within one year40/41 | - | €504 | €668 | €0 | - | - |
| Trade receivables40 | - | €504 | €668 | €0 | - | - |
| Cash at bank and in hand54/58 | €245,978 | €171,169 | €159,357 | €103,796 | €96,488 | ▼ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €327,002 | €248,496 | €239,652 | €214,169 | €193,362 | ▼ 9.7% |
| Equity10/15 | €181,411 | €181,484 | €177,997 | €157,853 | €142,632 | ▼ 9.6% |
| Contributions10/11 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Capital10 | - | - | - | €12,395 | €12,395 | = |
| Issued capital100 | - | - | - | €18,592 | €18,592 | = |
| Uncalled capital101 | - | - | - | €6,197 | €6,197 | = |
| Reserves13 | €169,016 | €169,089 | €165,602 | €145,458 | €130,238 | ▼ 10.5% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | €167,230 | €163,743 | €143,599 | €128,378 | ▼ 10.6% |
| Amounts payable17/49 | €145,591 | €67,013 | €61,655 | €56,316 | €50,730 | ▼ 9.9% |
| Amounts payable after more than one year17 | €59,634 | €54,470 | €49,120 | €37,801 | €31,820 | ▼ 15.8% |
| Financial debts170/4 | - | €54,470 | €49,120 | €37,801 | €31,820 | ▼ 15.8% |
| Amounts payable within one year42/48 | €85,957 | €12,542 | €12,535 | €18,515 | €18,910 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,777 | €6,019 | ▲ 4.2% |
| Trade debts44 | €2,372 | €860 | - | €671 | €3,459 | ▲ 416% |
| Suppliers440/4 | - | €860 | - | €671 | €3,459 | ▲ 416% |
| Advances received on contracts in progress46 | - | - | - | - | €2,556 | - |
| Taxes, remuneration and social security45 | - | €712 | €371 | - | - | - |
| Taxes450/3 | - | €712 | €371 | - | - | - |
| Other amounts payable47/48 | - | €10,970 | €12,164 | €12,068 | €6,875 | ▼ 43.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €203 | €73 | -€3,487 | -€20,144 | -€15,221 | ▲ 24.4% |
| + Depreciation and write-downs630 | €3,698 | €4,202 | €5,208 | €7,728 | €13,499 | ▲ 74.7% |
| Operating cash flow (approximation) | €3,901 | €4,275 | €1,721 | -€12,416 | -€1,722 | ▲ 86.1% |
| Investment in fixed assets (approximation) | - | €0 | -€8,012 | -€38,474 | €0 | ▲ 100% |
| Change in cash | - | -€74,808 | -€11,813 | -€55,561 | -€7,307 | ▲ 86.8% |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 197 days late
2023
31-12
Financial
Weakest financial yearnet -€20,144
Net result drops to -€20,144, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Liquidity times 5current ratio 13.69
Current ratio from 2.86 to 13.69; short-term debt falls from €85,957 to €12,542.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €165,958
Net result €165,958 after one loss-making year.
31-12
Financial
Liquidity times 28current ratio 3.07
Current ratio from 0.11 to 3.07.
31-12
Financial
Equity above €150,000Eq €181,209 ▲1,088%
Equity rises from €15,251 to €181,209.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 1998
Ground area
94 m²
Building footprint
93 m²
Volume, LiDAR
817 m³
Parcel 11312A0995/00N000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Laar 16, 2140 Antwerpen
since 19982.087.628.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0995/00N000 | Flanders | 94 m² | 1 · 93 m² | 11.6 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded12-03-1998
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462864204
Also
9925:BE0462864204
Registered
28-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.