STEELAND
ActiveSummary
STEELAND has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €128,564 and a net result of €22,831. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 16718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+18
Solvency89▲+5
Growth62▼-3
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 2.35 in 2024; short-term debt: 18.1% and cash: 8.8% of total assets), and 35.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
64.3%
Return on assets
11.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
30 d late
2023
29 d late
2022
25 d late
2021
20 d early
2020
28 d late
2019
28 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 22 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 oldest company in Oosterzele, Health and social work sector
Turnover
€235,630▼ 13.1%
2024 · €271,116
EBIT margin
13.5%▲ 7.6pp
2024 · 6.0%
Net result
€22,831▲ 171%
2024 · €8,421
Working capital
€33,143▼ 9.3%
2024 · €36,533
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
Line20212022202320242025
Turnover€233,612▲ 24.2%€271,252▲ 16.1%€296,916▲ 9.5%€271,116▼ 8.7%€235,630▼ 13.1%
Operating result€17,624▲ 39.9%€28,631▲ 62.5%€33,266▲ 16.2%€16,160▼ 51.4%€31,857▲ 97.1%
Net result€12,195▲ 57.8%€21,192▲ 73.8%€8,264▼ 61.0%€8,421▲ 1.9%€22,831▲ 171%
EBIT margin7.5%▲ 0.8pp10.6%▲ 3.0pp11.2%▲ 0.6pp6.0%▼ 5.2pp13.5%▲ 7.6pp
Equity€66,656▲ 22.4%€85,348▲ 28.0%€99,812▲ 16.9%€108,233▲ 8.4%€128,564▲ 18.8%
Total assets€148,805▲ 7.0%€166,244▲ 11.7%€190,429▲ 14.5%€183,831▼ 3.5%€200,093▲ 8.8%
Debt€82,149▼ 2.9%€80,896▼ 1.5%€90,617▲ 12.0%€75,598▼ 16.6%€71,529▼ 5.4%
Working capital€4,619▼ 77.1%€13,790▲ 199%€20,574▲ 49.2%€36,533▲ 77.6%€33,143▼ 9.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 97% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €200,093
Fixed assets
€130,756 ▲ 8.8%
Current assets
€69,337 ▲ 8.9%
Equity and liabilities €200,093
Equity
€128,564 ▲ 18.8%
Debt
€71,529 ▼ 5.4%
Debt's share of the balance-sheet total falls from 41.1% to 35.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,843▲
2024 · €32,250
Cash flow
€39,817▲
2024 · €24,511
Current ratio
1.92▼
2024 · 2.35
Debt to equity
0.56▼
2024 · 0.70
ROE
17.8%▲
2024 · 7.8%
ROA
11.4%▲
2024 · 4.6%
Interest coverage
20.52▲
2024 · 5.70
Debt ≤ 1 year
€36,194▲
2024 · €27,127
Debt > 1 year
€34,442▼
2024 · €45,796
Income taxes
€8,744▲
2024 · €3,727
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 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 31,324 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €233,612 | €271,252 | €296,916 | €271,116 | €235,630 | ▼ 13.1% |
| Non-recurring operating income76A | - | - | €7,500 | €150 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €201,664 | €234,044 | €260,280 | €238,425 | €185,564 | ▼ 22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,129 | €7,779 | €9,241 | €16,090 | €16,986 | ▲ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€81 | - | - | - | - | - |
| Other operating charges640/8 | €1,276 | €457 | €1,629 | €591 | €1,223 | ▲ 107% |
| Non-recurring operating charges66A | - | €341 | - | - | - | - |
| Gross operating margin9900 | €31,948 | €37,208 | €44,136 | €32,841 | €50,066 | ▲ 52.4% |
| Operating profit (loss)9901 | €17,624 | €28,631 | €33,266 | €16,160 | €31,857 | ▲ 97.1% |
| Financial income75/76B | €2,141 | €1,804 | €495 | €1,641 | €2,098 | ▲ 27.8% |
| Recurring financial income75 | €2,141 | €1,804 | €495 | €1,641 | €2,098 | ▲ 27.8% |
| Financial charges65/66B | €2,159 | €1,756 | €22,115 | €5,653 | €2,380 | ▼ 57.9% |
| Recurring financial charges65 | €2,159 | €1,756 | €2,115 | €5,653 | €2,380 | ▼ 57.9% |
| Non-recurring financial charges66B | - | - | €20,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €17,606 | €28,679 | €11,646 | €12,148 | €31,575 | ▲ 160% |
| Income taxes67/77 | €5,411 | €7,487 | €3,382 | €3,727 | €8,744 | ▲ 135% |
| Profit (loss) for the period9904 | €12,195 | €21,192 | €8,264 | €8,421 | €22,831 | ▲ 171% |
| Profit (loss) for the period to be appropriated9905 | €12,195 | €21,192 | €8,264 | €8,421 | €22,831 | ▲ 171% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148,805 | €166,244 | €190,429 | €183,831 | €200,093 | ▲ 8.8% |
| Fixed assets21/28 | €116,056 | €120,110 | €136,262 | €120,171 | €130,756 | ▲ 8.8% |
| Tangible fixed assets22/27 | €96,056 | €100,110 | €136,262 | €120,171 | €130,756 | ▲ 8.8% |
| Land and buildings22 | €92,745 | €97,752 | €90,786 | €84,211 | €104,172 | ▲ 23.7% |
| Plant, machinery and equipment23 | €3,311 | €2,358 | €3,328 | €2,504 | €1,819 | ▼ 27.4% |
| Furniture and vehicles24 | - | - | €42,148 | €33,456 | €24,765 | ▼ 26.0% |
| Financial fixed assets28 | €20,000 | €20,000 | - | - | - | - |
| Current assets29/58 | €32,749 | €46,134 | €54,167 | €63,660 | €69,337 | ▲ 8.9% |
| Amounts receivable within one year40/41 | €18,789 | €27,868 | €35,061 | €18,115 | €50,796 | ▲ 180% |
| Trade receivables40 | €18,789 | €27,868 | €34,686 | €16,717 | €49,773 | ▲ 198% |
| Other amounts receivable41 | - | - | €375 | €1,398 | €1,023 | ▼ 26.8% |
| Cash at bank and in hand54/58 | €12,907 | €17,192 | €18,172 | €44,649 | €17,529 | ▼ 60.7% |
| Deferred charges and accrued income490/1 | €1,053 | €1,074 | €934 | €896 | €1,012 | ▲ 12.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148,805 | €166,244 | €190,429 | €183,831 | €200,093 | ▲ 8.8% |
| Equity10/15 | €66,656 | €85,348 | €99,812 | €108,233 | €128,564 | ▲ 18.8% |
| Contributions10/11 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €54,256 | €72,948 | €81,212 | €89,633 | €109,964 | ▲ 22.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €1,674 | €1,674 | €1,674 | €1,674 | €1,674 | = |
| Distributable reserves133 | €50,722 | €69,414 | €77,678 | €86,099 | €106,430 | ▲ 23.6% |
| Amounts payable17/49 | €82,149 | €80,896 | €90,617 | €75,598 | €71,529 | ▼ 5.4% |
| Amounts payable after more than one year17 | €53,670 | €47,802 | €56,785 | €45,796 | €34,442 | ▼ 24.8% |
| Financial debts170/4 | €53,670 | €47,802 | €56,785 | €45,796 | €34,442 | ▼ 24.8% |
| Amounts payable within one year42/48 | €28,130 | €32,344 | €33,593 | €27,127 | €36,194 | ▲ 33.4% |
| Current portion of amounts payable after more than one year42 | €7,227 | €5,868 | €10,639 | €10,990 | €11,354 | ▲ 3.3% |
| Trade debts44 | €8,487 | €13,928 | €12,416 | €11,672 | €11,601 | ▼ 0.6% |
| Suppliers440/4 | €8,487 | €13,928 | €12,416 | €11,672 | €11,601 | ▼ 0.6% |
| Taxes, remuneration and social security45 | €4,503 | €6,899 | €1,250 | €1,050 | €6,744 | ▲ 542% |
| Taxes450/3 | €4,503 | €6,899 | €1,250 | €1,050 | €6,744 | ▲ 542% |
| Other amounts payable47/48 | €7,913 | €5,649 | €9,288 | €3,415 | €6,495 | ▲ 90.2% |
| Accrued charges and deferred income492/3 | €349 | €750 | €239 | €2,675 | €893 | ▼ 66.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,195 | €21,192 | €8,264 | €8,421 | €22,831 | ▲ 171% |
| + Depreciation and write-downs630 | €13,129 | €7,779 | €9,241 | €16,090 | €16,986 | ▲ 5.6% |
| Operating cash flow (approximation) | €25,324 | €28,971 | €17,505 | €24,511 | €39,817 | ▲ 62.4% |
| Investment in fixed assets (approximation) | - | -€11,833 | -€25,393 | €1 | -€27,571 | ▼ 2,757,200% |
| Change in cash | - | €4,285 | €980 | €26,477 | -€27,120 | ▼ 202% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €22,831 ▲171%
Net result €22,831, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Equity above €100,000Eq €108,233 ▲8.4%
7 profitable years in a row build equity to €108,233.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oosterzele · 1 establishment unit since 2004
Ground area
1,378 m²
Building footprint
108 m²
Volume, LiDAR
684 m³
Parcel 44052A0319/00S000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
STEELAND
since 20042.301.792.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44052A0319/00S000 | Flanders | 1,378 m² | 1 · 108 m² | 9.5 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 7,577 EUR awarded · 7,577 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 7,500 EUR |
| 2024 | 1 | 32 EUR | 32 EUR |
| 2023 | 1 | 45 EUR | 45 EUR |
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SEVIPRO
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Of 10,437 companies in sector 86995 we hold annual accounts for 886. 687 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
Founded25-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
86995Nutrition and dietetics services
85599Other education
Contact
Website
www.steeland-logo.comOosterzele
E-mail
tomsteeland@hotmail.comOosterzele
Phone
+32476946943Oosterzele
E-invoicing
Reachable via Peppol
Peppol ID
0208:0869916784
Also
9925:BE0869916784
Registered
28-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.