STEELCO
ActiveSTEELCO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €365k and a net result of €-268k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+13
Solvency32▼-14
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 7.09 against 11.29 in 2024; short-term debt: 13.2% and cash: 6% of total assets), but 93.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-268k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4522 sector peers (2025).
NBB · sector comparisonPosition among 4522 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
22 d early
2023
15 d early
2022
31 d early
2021
60 d early
2020
30 d early
2019
29 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-268k▲ 53.0%
2024 · €-571k
2018: €205k
2019: €-94k
2020: €-16k
2021: €-130k
2022: €-75k
2023: €249k
2024: €-571k
2018 → 2025
Working capital
€4.33M▲ 71.4%
2024 · €2.53M
2018: €2.79M
2019: €2.30M
2020: €3.45M
2021: €1.93M
2022: €1.64M
2023: €2.51M
2024: €2.53M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.03M-€956k▼ 7.3%€1.20M▲ 26.0%€634k▼ 47.4%€365k▼ 42.4%
Operating result€-93k-€-45k▲ 51.9%€308k€-506k€-181k▲ 64.2%
Net result€-130k-€-75k▲ 42.1%€249k€-571k€-268k▲ 53.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €181k in 2025 against €506k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.38M
Fixed assets
€335k▲ 75.4%
Current assets
€5.04M▲ 81.9%
Equity and liabilities €5.38M
Equity
€365k▼ 42.4%
Debt
€5.01M▲ 115%
The debt ratio rises from 78.6% to 93.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-171k▲
2024 · €-506k
Cash flow
€-258k▲
2024 · €-570k
Solvency
6.8%▼
2024 · 21.4%
Current ratio
7.09▼
2024 · 11.29
Quick ratio
1.63▼
2024 · 5.43
Debt / equity
13.73▲
2024 · 3.68
ROE
-73.5%▲
2024 · -90.1%
ROA
-5.0%▲
2024 · -19.3%
Interest coverage
-1.96▲
2024 · -7.80
Debt
€5.01M▲
2024 · €2.33M
Debt ≤ 1 year
€712k▲
2024 · €246k
Debt > 1 year
€4.22M▲
2024 · €2.02M
Staff costs
€135k▲
2024 · €105k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.96M€5.38M▲
Fixed assets21/28€191k€335k▲
Intangible fixed assets21-€63k
Tangible fixed assets22/27€175k€254k▲
Land and buildings22€174k€211k▲
Plant, machinery and equipment23€1k€42k▲
Furniture and vehicles24€304€811▲
Other tangible fixed assets26-€0
Financial fixed assets28€16k€18k▲
Current assets29/58€2.77M€5.04M▲
Stocks and contracts in progress3€1.44M€3.89M▲
Stocks30/36€1.44M€3.89M▲
Amounts receivable within one year40/41€1.25M€835k▼
Trade receivables40€1.22M€807k▼
Other amounts receivable41€37k€27k▼
Cash at bank and in hand54/58€83k€323k▲
Deferred charges and accrued income490/1€95-
Equity and liabilities
Total equity and liabilities10/49€2.96M€5.38M▲
Equity10/15€634k€365k▼
Contributions10/11€4.99M€4.99M=
Capital10€4.99M€4.99M=
Issued capital100€4.99M€4.99M=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-4.36M€-4.63M▼
Amounts payable17/49€2.33M€5.01M▲
Amounts payable after more than one year17€2.02M€4.22M▲
Financial debts170/4-€639k
Other amounts payable178/9€2.02M€3.58M▲
Amounts payable within one year42/48€246k€712k▲
Trade debts44€235k€699k▲
Suppliers440/4€235k€699k▲
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3-€0
Remuneration and social security454/9€11k€12k▲
Accrued charges and deferred income492/3€65k€84k▲
Income statement
Code20242025
Remuneration, social security and pensions62€105k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€670€10k▲
Other operating charges640/8€5k€41k▲
Gross operating margin9900€-395k€5k▲
Operating profit (loss)9901€-506k€-181k▲
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€65k€87k▲
Recurring financial charges65€65k€87k▲
Profit (loss) for the period before taxes9903€-571k€-268k▲
Profit (loss) for the period9904€-571k€-268k▲
Profit (loss) for the period to be appropriated9905€-571k€-268k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4.36M€-4.63M▼
Profit (loss) brought forward from the previous period14P€-3.79M€-4.36M▼
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-571k ▼330%
Net result drops to €-571k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €249k
Net result €249k after 4 loss-making years.
31-12
Financial
Liquidity times 10current ratio 17.72
Current ratio from 1.84 to 17.72; short-term debt falls from €1.95M to €150k.
31-12
Financial
Equity above €1MEq €1.20M ▲26%
Equity rises from €956k to €1.20M.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 19current ratio 448.49
Current ratio from 23.31 to 448.49; short-term debt falls from €103k to €8k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Oostkamp · 2 establishment units since 1992
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.
Hertsbergsestraat 48020 OostkampGround area
8,177 m²
Building footprint
1,917 m²
Volume, LiDAR
19,785 m³
3 parcels, Flanders · tallest building 25.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
STEELCO NV
since 19922.052.558.404
STEELCO NV
since 20202.316.479.962
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0324/00E002 | Flanders | 4,736 m² | 1 · 1,212 m² | 11.5 m · 3 fl. |
| 37019C0214/00B002 | Flanders | 2,624 m² | 1 · 164 m² | 12.7 m · 3 fl. |
| 31403F0145/00C000 | Flanders | 818 m² | 1 · 541 m² | 25.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrugge2.316.479.962
Wingene2.052.558.404
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BE 0864.422.824
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MCND INVEST
BE 0888.563.055
Brasschaat · Eq €364k
JEFREMA
BE 0431.572.695
Turnhout · Eq €366k
FRABELI
BE 0875.131.723
Zonhoven · Eq €364k
Of 9,697 companies in sector 68121 we hold annual accounts for 7,382. 5,021 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-04-1991
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.