Skip to content

STEELCON

Active
Public limited companyfounded 199035 yrs activeZwaanhofweg 10, 8900 Ieper, BelgiumKBO/BCE: BE 0441.976.639
Summary

STEELCON has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€538,298) and a net result of -€42,492. Equity is shrinking by ~48.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch ReportCompare
STEELCONActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Activity not known1 site
Size
€1,415total assets 2025
Equity
-€538,298
Loss
-€42,492
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.7%
Structure
Parent
INTERNATIONAL REAL ESTATE SERVICES · 99.6%
Accounts filed 32 d late1 of 15 deeds read
Why 53Capped at 59: negative equity- Loss of €42,492, the second in a row (FY 2025)- Negative equity -€538,298+ Size: total assets €1,415+ Founded in 1990Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 14% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -38032.6% of total assets
Liquidity 37-13
short-term debt 872.3% · cash 29.3%
Profitability 0=
return on assets -3002.2%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 5.1% 12-2024: 5.1%● 0.0% vs 11-2024 01-2025: 5.1%● 0.0% vs 12-2024 02-2025: 5.1%● 0.0% vs 01-2025 03-2025: 5.1%● 0.0% vs 02-2025 04-2025: 5.1%● 0.0% vs 03-2025 05-2025: 5.2%▲ +0.4% vs 04-2025 06-2025: 5.2%● 0.0% vs 05-2025 07-2025: 5.3%▲ +2.4% vs 06-2025highest value 08-2025: 2.6%▼ -50.5% vs 07-2025 09-2025: 2.6%● 0.0% vs 08-2025 10-2025: 2.6%● 0.0% vs 09-2025 11-2025: 2.6%● 0.0% vs 10-2025 12-2025: 2.6%● 0.0% vs 11-2025 01-2026: 2.6%● 0.0% vs 12-2025 02-2026: 2.6%● 0.0% vs 01-2026 03-2026: 2.6%● 0.0% vs 02-2026 04-2026: 2.6%● 0.0% vs 03-2026 05-2026: 2.6%● 0.0% vs 04-2026 06-2026: 2.6%● 0.0% vs 05-2026 07-2026: 2.8%▲ +8.2% vs 06-2026 08-2026: 3.3%▲ +15.7% vs 07-2026 09-2026: 3.5%▲ +7.5% vs 08-2026 10-2026: 0.7%▼ -80.6% vs 09-2026lowest value
  • Size: total assets €1,415 lowers the probability for this profile
  • Founded in 1990 lowers the probability for this profile
  • Loss of €42,492, the second in a row (FY 2025) raises the probability
  • Negative equity -€538,298 raises the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 5%, liquidity 20%, profitability 4%, growth against the median 26%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €1,415
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Loss of €42,492, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity -€538,298
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€538,298
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
32 d late
2024
23 d early
2023
23 d early
2022
24 d early
2021
23 d early
2020
19 d early
2019
15 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 14 days before 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 (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. Usually files around 8 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Permanent representatives: Melissa Carton and Christophe…Power of attorney
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€538,298 View
  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€42,492 View
  • Controlled by INTERNATIONAL REAL ESTATE SERVICES 99.6% View

By topic

Financials

Fiscal year
2025
Total assets
€1,415
Loss
-€42,492
Solvency
-38032.6%
Total assets▼ 61.9%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 01-09-2026Annual accounts filed
  2. 15-04-2026Permanent representatives: Melissa Carton and Christophe Van…
  3. 08-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
15-11-1990
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?INTERNATIONAL REAL ESTATE SERVICES · 17 companies How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure