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STEELCO

Active
Public limited companyfounded 1991active for 35 yearsHertsbergsestraat 4, 8020 Oostkamp, BelgiumKBO/BCE: BE 0443.770.446
Summary

STEELCO has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €365,194 and a net result of -€268,362. Equity has been shrinking by about 9.5% per year since 2018. Its solvency ranks better than 20% of 5,801 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Official details

Source: KBO
Status
Active since 09-04-1991 Normal situation
Registered office
60 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 4 November 2026.
Activity
Development of residential building projects NACE 68121and 3 others
Joint committee
149.04 Paritair Subcomité voor de metaalhandel · annual accounts 2025
Establishment units
2.052.558.404 8020 Oostkamp, since 07-01-1992
2.316.479.962 8000 Brugge, since 15-12-2020
Financial year end
31 December
Peppol
Reachable since 11-12-2025

Board and ownership

Board
and 2 others
Shareholders
  • BREMHOVE· score 88annual accounts 2025

Financial position

80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Gross margin
€5,080
Turnover
≈ €21,000
estimated
Loss
€268,362
▼ 53.0%
Equity
€365,194
▼ 42.4%
Total assets
€5.4m
▲ 81.5%
Employees on 31-12-2025
2
=
Net result +53%: other schema
Score breakdownraises riskEquity €365,194 (6.8% of total assets)1 change of registered office in 24 monthsLoss of €268,362, the second in a row (financial year 2025)lowers riskSize: 2 FTE, total assets €5.4mShow the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 30% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency 32-14
equity 6.8% of total assets
Liquidity 55+2
short-term debt 13.2% · cash 6.0%
Profitability 13+13
return on assets -5.0%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: 0.1%▲ +0.1 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.7%▲ +0.6 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.8%▲ +0.1 percentage points vs 02-2026 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026highest value 08-2026: 0.3%▼ -0.6 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.5%▲ +0.2 percentage points vs 09-2026 11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.09 (11.29 in 2024), above the usual 1.5. Short-term debt is 13.2% and cash 6% of total assets. However, 93.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 28% of them on solvency, 66% on liquidity, 15% on profitability and 13% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Equity €365,194 (6.8% of total assets)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: 2 FTE, total assets €5.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €268,362, the second in a row (financial year 2025)
NBB · annual accounts
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€268,362
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 5801 sector peers (2025).
NBB · sector comparison
Position among 5801 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 filings
Deviation from the deadline
2025
24 days early
2024
22 days early
2023
15 days early
2022
31 days early
2021
60 days early
2020
30 days early
2019
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 90% of companies in real estatesector median €20,578 · 5,808 companies -€268,362 View
  • Positive: Result rose in 2025different schema filed ▲ 53.0% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€268,362 View

Recent changes

  1. · Gazette deed Registered office moved from Zwevezele to OostkampNew seat: Hertsbergsestraat 4, 8020 Oostkamp · Previous seat: Hille 184, 8750 Zwevezele
  2. · Gazette deed 3 reappointedReappointments: BREMHOVE, IDE,Enzo Agnes Achiel and BONAMI,Jacky Ronald Celina · Permanent representative: IDE,Joris Modest Oscar
  3. · Gazette deed 1 director appointed, 1 reappointedReappointment: Bremhove nv (director) · Permanent representative: Joris Ide · Appointment: Bremhove nv (managing director)
All 20 events

Comparable companies

These companies have the same main activity as STEELCO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €2.8m and €9.3m, founded between 1977 and 2003.

CompanyTotal assetsGross margin
STEELCO Oostkamp€5.4m€0.005m
WOENST Ternat€5.4m-€2.7m
I.C.A. Dentergem€2.8m€0.01m
LLYDA Affligem€5.0m-€0.7m
MARCEL DE VOS & C° Beveren-Kruibeke-Zwijndrecht€9.3m-€1.1m
PROJECT+ Oudenaarde€3.7m€0.007m
PRO CONCEPT M P J Liège€3.1m€0.005m
Full comparison

Key facts about STEELCO

What is the company number of STEELCO?
The company number of STEELCO is 0443.770.446. The VAT number is the same number with BE in front: BE 0443.770.446.
Where is STEELCO based?
The registered office is at Hertsbergsestraat 4, 8020 Oostkamp.Company details
What does STEELCO do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of STEELCO?
The legal form of STEELCO is Public limited company (NV).
When was STEELCO founded?
STEELCO was founded on 09-04-1991.
Is STEELCO still active?
Yes, STEELCO is an active enterprise in the KBO register.
How many employees does STEELCO have?
STEELCO had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does STEELCO fall under?
In its 2025 annual accounts, STEELCO states joint committee 149.04 (Paritair Subcomité voor de metaalhandel).
What is the turnover of STEELCO?
The turnover in financial year 2025 is ≈ €21,000. This figure is estimated from the gross margin of €5,080 and 48 comparable companies (NACE 68121). It probably lies between €10,000 and €67,000. It is a rough estimate.
Is STEELCO profitable?
In financial year 2025, STEELCO made a loss of €268,362.
Where can I find the annual accounts of STEELCO?
STEELCO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of STEELCO due?
STEELCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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