STEELAND PROJECTS
ActiveSummary
STEELAND PROJECTS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €727,210 and a net result of €9,799. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+14
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 61.63 against 10.91 in 2024; short-term debt: 1.6% and cash: 0.3% of total assets), and 1.6% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
98.4%
Return on assets
1.3%
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 25-08-2026, 25 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 · 6 filingsDeviation from the deadline
2025
25 d late
2024
27 d late
2023
29 d late
2022
26 d late
2021
29 d late
2020
40 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€727,210▲ 1.4%
2024 · €717,411
Total assets
€739,204▼ 6.7%
2024 · €791,871
Net result
€9,799
2024 · -€31,923
Working capital
€727,210▲ 1.1%
2024 · €719,293
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€40,476€680,569▲ 1,581%€174,589▼ 74.3%-€50,833-€4,743▲ 90.7%
Net result€42,682within the sector's middle half€478,541above the sector's middle half▲ 1,021%€139,930above the sector's middle half▼ 70.8%-€31,923below the sector's middle half€9,799within the sector's middle half
Equity€130,863within the sector's middle half▲ 48.4%€609,404within the sector's middle half▲ 366%€749,334within the sector's middle half▲ 23.0%€717,411within the sector's middle half▼ 4.3%€727,210above the sector's middle half▲ 1.4%
Total assets€2.0mwithin the sector's middle half▲ 142%€895,518within the sector's middle half▼ 55.2%€1.0mwithin the sector's middle half▲ 16.2%€791,871within the sector's middle half▼ 23.9%€739,204within the sector's middle half▼ 6.7%
Debt€1.9m▲ 153%€286,114▼ 84.7%€276,481▼ 3.4%€72,578▼ 73.7%€11,995▼ 83.5%
Working capital€130,863within the sector's middle half▲ 48.4%€609,404above the sector's middle half▲ 366%€764,334above the sector's middle half▲ 25.4%€719,293above the sector's middle half▼ 5.9%€727,210above the sector's middle half▲ 1.1%
Solvency6.5%below the sector's middle half▼ 4.1pp68.1%above the sector's middle half▲ 61.5pp72.0%above the sector's middle half▲ 3.9pp90.6%above the sector's middle half▲ 18.6pp98.4%above the sector's middle half▲ 7.8pp
Current ratio1.07within the sector's middle half▼ 0.053.13above the sector's middle half▲ 2.063.76above the sector's middle half▲ 0.6310.91above the sector's middle half▲ 7.1561.63above the sector's middle half▲ 50.72
Return on assets (ROA)2.1%within the sector's middle half▲ 3.6pp53.4%above the sector's middle half▲ 51.3pp13.4%above the sector's middle half▼ 40.0pp-4.0%below the sector's middle half▼ 17.5pp1.3%within the sector's middle half▲ 5.4pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 €4,743 in 2025 against €50,833 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €739,204
Equity
€727,210 ▲ 1.4%
Provisions
€0 ▼ 100%
Debt
€11,995 ▼ 83.5%
Debt's share of the balance-sheet total falls from 9.2% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.02▼
2024 · 0.10
ROE
1.3%▲
2024 · -4.4%
Debt ≤ 1 year
€11,995▼
2024 · €72,578
Income taxes
€3,246▼
2024 · €6,870
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
95%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 1,639 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 |
|---|---|---|---|---|---|---|
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €15,000 | -€13,118 | -€1,882 | ▲ 85.7% |
| Other operating charges640/8 | €459 | €980 | €1,445 | €1,594 | €1,126 | ▼ 29.3% |
| Non-recurring operating charges66A | - | - | - | €52,033 | €0 | ▼ 100% |
| Gross operating margin9900 | €40,934 | €681,549 | €191,034 | -€10,325 | -€5,498 | ▲ 46.7% |
| Operating profit (loss)9901 | €40,476 | €680,569 | €174,589 | -€50,833 | -€4,743 | ▲ 90.7% |
| Financial income75/76B | €13,436 | €5,895 | €27,746 | €25,907 | €17,939 | ▼ 30.8% |
| Recurring financial income75 | €13,436 | €5,895 | €27,746 | €25,907 | €17,939 | ▼ 30.8% |
| Financial charges65/66B | €8,143 | €2,026 | €119 | €127 | €150 | ▲ 18.1% |
| Recurring financial charges65 | €8,143 | €2,026 | €119 | €127 | €150 | ▲ 18.1% |
| Profit (loss) for the period before taxes9903 | €45,769 | €684,439 | €202,217 | -€25,054 | €13,045 | ▲ 152% |
| Income taxes67/77 | €3,086 | €205,898 | €62,287 | €6,870 | €3,246 | ▼ 52.7% |
| Profit (loss) for the period9904 | €42,682 | €478,541 | €139,930 | -€31,923 | €9,799 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €42,682 | €478,541 | €139,930 | -€31,923 | €9,799 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €895,518 | €1.0m | €791,871 | €739,204 | ▼ 6.7% |
| Current assets29/58 | €2.0m | €895,518 | €1.0m | €791,871 | €739,204 | ▼ 6.7% |
| Stocks and contracts in progress3 | €1.5m | €180,368 | - | - | - | - |
| Contracts in progress37 | €1.5m | €180,368 | - | - | - | - |
| Amounts receivable within one year40/41 | €364 | €6,892 | €2,570 | €1,955 | €3,074 | ▲ 57.2% |
| Trade receivables40 | €301 | €6,759 | €2,570 | €1,053 | €0 | ▼ 100% |
| Other amounts receivable41 | €63 | €133 | - | €902 | €3,074 | ▲ 241% |
| Current investments50/53 | - | - | - | €773,512 | €726,392 | ▼ 6.1% |
| Cash at bank and in hand54/58 | €524,463 | €702,525 | €1.0m | €5,687 | €1,981 | ▼ 65.2% |
| Deferred charges and accrued income490/1 | €7,556 | €5,733 | €4,299 | €10,718 | €7,758 | ▼ 27.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €895,518 | €1.0m | €791,871 | €739,204 | ▼ 6.7% |
| Equity10/15 | €130,863 | €609,404 | €749,334 | €717,411 | €727,210 | ▲ 1.4% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €30,863 | €509,404 | €649,334 | €649,334 | €649,334 | = |
| Distributable reserves133 | €30,863 | €509,404 | €649,334 | €649,334 | €649,334 | = |
| Profit (loss) carried forward14 | - | - | - | -€31,923 | -€22,124 | ▲ 30.7% |
| Provisions and deferred taxes16 | - | - | €15,000 | €1,882 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | €15,000 | €1,882 | €0 | ▼ 100% |
| Major repairs and maintenance162 | - | - | - | €1,882 | €0 | ▼ 100% |
| Environmental obligations163 | - | - | €15,000 | €0 | - | - |
| Amounts payable17/49 | €1.9m | €286,114 | €276,481 | €72,578 | €11,995 | ▼ 83.5% |
| Amounts payable within one year42/48 | €1.9m | €286,114 | €276,481 | €72,578 | €11,995 | ▼ 83.5% |
| Trade debts44 | €39,813 | €36,416 | €6,489 | €9,624 | €5,784 | ▼ 39.9% |
| Suppliers440/4 | €39,813 | €36,416 | €6,489 | €9,624 | €5,784 | ▼ 39.9% |
| Advances received on contracts in progress46 | €1.3m | - | - | - | - | - |
| Taxes, remuneration and social security45 | €83,765 | €221,536 | €262,780 | €56,881 | €0 | ▼ 100% |
| Taxes450/3 | €83,765 | €221,536 | €262,780 | €56,881 | €0 | ▼ 100% |
| Other amounts payable47/48 | €406,119 | €28,162 | €7,212 | €6,074 | €6,211 | ▲ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,682 | €478,541 | €139,930 | -€31,923 | €9,799 | ▲ 131% |
| Operating cash flow (approximation) | €42,682 | €478,541 | €139,930 | -€31,923 | €9,799 | ▲ 131% |
| Change in cash | - | €178,062 | €331,421 | -€1.0m | -€3,707 | ▲ 99.6% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Back to profitnet €9,799
Net result €9,799 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 61.63
Current ratio from 10.91 to 61.63; short-term debt falls from €72,578 to €11,995.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€31,923
Net result drops to -€31,923, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 10.91
Current ratio from 3.76 to 10.91; short-term debt falls from €276,481 to €72,578.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 26 days late
2022
31-12
Financial
Highest result since 2020net €478,541 ▲1,021%
Operating result €680,569, net result €478,541, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.13
Current ratio from 1.07 to 3.13; short-term debt falls from €1.9m to €286,114.
31-12
Financial
Equity above €500,000Eq €609,404 ▲366%
2 profitable years in a row build equity to €609,404.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
Show earlier events
2021
31-12
Financial
Back to profitnet €42,682
Net result €42,682 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €130,863 ▲48.4%
Equity rises from €88,181 to €130,863.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 40 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, Brugge · 1 establishment unit since 2019
Ground area
659 m²
Building footprint
153 m²
Volume, LiDAR
1,000 m³
Parcel 31808K0653/00W000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STEELAND PROJECTS
since 20192.309.208.724
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0653/00W000 | Flanders | 659 m² | 1 · 153 m² | 12.0 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500469HFA7FD3G269
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 4,333 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
Founded23-05-2019
Fiscal year end31-12
Abbreviation NL
STEPRO
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727448431
Also
9925:BE0727448431
Registered
03-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.