Steelforce
ActiveSummary
Steelforce has been active since 1950 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35.61M and a net result of €3.01M. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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Financials · fiscal year 2025, full schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 85 lines
The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €849.47M | €591.75M | €535.27M | €189.55M | €200.72M | ▲ 5.9% |
| Turnover70 | €847.94M | €590.63M | €532.85M | €187.20M | €195.98M | ▲ 4.7% |
| Other operating income74 | €1.53M | €1.12M | €2.42M | €2.36M | €4.74M | ▲ 101% |
| Operating charges60/66A | €838.37M | €585.69M | €522.29M | €183.89M | €197.04M | ▲ 7.2% |
| Goods for resale, raw materials and consumables60 | €817.06M | €564.98M | €504.61M | €177.76M | €182.22M | ▲ 2.5% |
| Purchases600/8 | €836.44M | €589.96M | €458.82M | €170.90M | €170.00M | ▼ 0.5% |
| Change in stocks: decrease (increase)609 | €-19.38M | €-24.98M | €45.79M | €6.86M | €12.22M | ▲ 78.2% |
| Services and other goods61 | €11.03M | €8.61M | €9.78M | €7.83M | €9.12M | ▲ 16.4% |
| Remuneration, social security and pensions62 | €7.27M | €5.79M | €6.65M | €6.46M | €6.23M | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €172k | €72k | €89k | €133k | €139k | ▲ 4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-122k | €3.21M | €-2.39M | €-219k | €-533k | ▼ 143% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €2.93M | €3.03M | €3.51M | €-8.19M | €-751k | ▲ 90.8% |
| Other operating charges640/8 | €33k | €9k | €29k | €127k | €620k | ▲ 389% |
| Non-recurring operating charges66A | - | - | €11k | €0 | - | - |
| Operating profit (loss)9901 | €11.10M | €6.06M | €12.98M | €5.67M | €3.68M | ▼ 35.1% |
| Financial income75/76B | €29.67M | €19.98M | €8.65M | €12.36M | €4.89M | ▼ 60.5% |
| Recurring financial income75 | €29.67M | €19.19M | €8.65M | €12.36M | €4.89M | ▼ 60.5% |
| Income from financial fixed assets750 | €200k | €600k | €0 | - | - | - |
| Income from current assets751 | €4.87M | €4.37M | €5.95M | €6.31M | €4.00M | ▼ 36.6% |
| Other financial income752/9 | €24.60M | €14.22M | €2.70M | €6.05M | €886k | ▼ 85.4% |
| Non-recurring financial income76B | - | €789k | €0 | - | - | - |
| Financial charges65/66B | €30.57M | €18.22M | €10.17M | €9.32M | €4.46M | ▼ 52.1% |
| Recurring financial charges65 | €30.57M | €18.22M | €10.17M | €9.32M | €4.46M | ▼ 52.1% |
| Debt charges650 | €3.25M | €3.02M | €5.99M | €2.45M | €1.77M | ▼ 27.7% |
| Other financial charges652/9 | €27.32M | €15.20M | €4.18M | €6.87M | €2.69M | ▼ 60.8% |
| Non-recurring financial charges66B | - | €3k | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €10.19M | €7.82M | €11.46M | €8.71M | €4.10M | ▼ 52.9% |
| Income taxes67/77 | €2.71M | €1.62M | €2.97M | €2.25M | €1.09M | ▼ 51.6% |
| Taxes670/3 | €2.71M | €1.62M | €2.97M | €2.25M | €1.09M | ▼ 51.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €2k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €7.49M | €6.20M | €8.48M | €6.46M | €3.01M | ▼ 53.4% |
| Profit (loss) for the period to be appropriated9905 | €7.49M | €6.20M | €8.48M | €6.46M | €3.01M | ▼ 53.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153.26M | €161.43M | €151.07M | €100.30M | €87.83M | ▼ 12.4% |
| Fixed assets21/28 | €83k | €201k | €1.22M | €1.18M | €1.11M | ▼ 5.7% |
| Intangible fixed assets21 | €6k | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €68k | €80k | €1.18M | €1.17M | €1.09M | ▼ 7.3% |
| Land and buildings22 | €0 | - | - | - | - | - |
| Plant, machinery and equipment23 | €2k | €69 | €0 | - | - | - |
| Furniture and vehicles24 | €66k | €80k | €1.18M | €1.17M | €1.09M | ▼ 7.3% |
| Financial fixed assets28 | €10k | €120k | €33k | €9k | €28k | ▲ 195% |
| Affiliated companies280/1 | €1 | €0 | - | - | - | - |
| Participating interests280 | €1 | €0 | - | - | - | - |
| Other financial fixed assets284/8 | €10k | €120k | €33k | €9k | €28k | ▲ 195% |
| Shares284 | €6k | €3k | €3k | €3k | €3k | = |
| Amounts receivable and cash guarantees285/8 | €4k | €118k | €30k | €7k | €25k | ▲ 280% |
| Current assets29/58 | €153.17M | €161.23M | €149.85M | €99.12M | €86.72M | ▼ 12.5% |
| Amounts receivable after more than one year29 | €879k | €733k | €541k | €347k | €632k | ▲ 82.3% |
| Other amounts receivable291 | €879k | €733k | €541k | €347k | €632k | ▲ 82.3% |
| Stocks and contracts in progress3 | €44.24M | €67.44M | €22.02M | €17.39M | €6.15M | ▼ 64.7% |
| Stocks30/36 | €44.24M | €67.44M | €22.02M | €17.39M | €6.15M | ▼ 64.7% |
| Goods purchased for resale34 | €44.24M | €67.44M | €22.02M | €17.39M | €6.15M | ▼ 64.7% |
| Amounts receivable within one year40/41 | €104.40M | €90.80M | €124.36M | €79.42M | €78.21M | ▼ 1.5% |
| Trade receivables40 | €104.13M | €85.76M | €51.34M | €27.19M | €33.42M | ▲ 22.9% |
| Other amounts receivable41 | €267k | €5.04M | €73.01M | €52.23M | €44.79M | ▼ 14.3% |
| Current investments50/53 | €110k | €0 | - | - | - | - |
| Other investments51/53 | €110k | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €967k | €146k | €180k | €109k | €1.23M | ▲ 1,026% |
| Deferred charges and accrued income490/1 | €2.58M | €2.11M | €2.75M | €1.84M | €496k | ▼ 73.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153.26M | €161.43M | €151.07M | €100.30M | €87.83M | ▼ 12.4% |
| Equity10/15 | €28.74M | €29.85M | €26.25M | €32.66M | €35.61M | ▲ 9.0% |
| Contributions10/11 | €2.23M | €2.23M | €2.23M | €2.23M | €2.23M | = |
| Capital10 | €2.23M | €2.23M | €2.23M | €2.23M | €2.23M | = |
| Issued capital100 | €2.23M | €2.23M | €2.23M | €2.23M | €2.23M | = |
| Reserves13 | €26.51M | €27.62M | €24.02M | €30.42M | €33.38M | ▲ 9.7% |
| Non-distributable reserves130/1 | €223k | €223k | €223k | €223k | €223k | = |
| Legal reserve130 | €223k | €223k | €223k | €223k | €223k | = |
| Distributable reserves133 | €26.29M | €27.39M | €23.80M | €30.20M | €33.15M | ▲ 9.8% |
| Provisions and deferred taxes16 | €3.03M | €6.44M | €9.61M | €1.50M | €664k | ▼ 55.8% |
| Provisions for liabilities and charges160/5 | €3.03M | €6.44M | €9.61M | €1.50M | €664k | ▼ 55.8% |
| Other liabilities and charges164/5 | €3.03M | €6.44M | €9.61M | €1.50M | €664k | ▼ 55.8% |
| Amounts payable17/49 | €121.48M | €125.14M | €115.21M | €66.14M | €51.56M | ▼ 22.0% |
| Amounts payable after more than one year17 | €3.89M | €4.17M | €2.12M | €1.13M | €1.00M | ▼ 10.8% |
| Financial debts170/4 | €3.89M | €4.17M | €2.12M | €1.13M | €1.00M | ▼ 10.8% |
| Subordinated loans170 | €3.89M | €2.17M | €1,000k | €0 | - | - |
| Credit institutions173 | - | - | €1.12M | €1.13M | €1.00M | ▼ 10.8% |
| Other loans174 | - | €2.00M | €0 | - | - | - |
| Amounts payable within one year42/48 | €110.58M | €116.01M | €109.92M | €62.74M | €49.13M | ▼ 21.7% |
| Current portion of amounts payable after more than one year42 | €5.99M | €6.97M | €6.38M | €3.75M | €1.25M | ▼ 66.7% |
| Financial debts43 | €34.13M | €47.01M | €34.99M | €25.21M | €5.17M | ▼ 79.5% |
| Credit institutions430/8 | €34.13M | €47.01M | €34.99M | €25.21M | €5.17M | ▼ 79.5% |
| Trade debts44 | €66.65M | €55.43M | €53.79M | €32.18M | €41.03M | ▲ 27.5% |
| Suppliers440/4 | €66.65M | €55.43M | €53.79M | €32.18M | €41.03M | ▲ 27.5% |
| Taxes, remuneration and social security45 | €2.00M | €1.51M | €2.68M | €1.53M | €1.63M | ▲ 6.2% |
| Taxes450/3 | €227k | €0 | €1.17M | €4k | €183k | ▲ 4,519% |
| Remuneration and social security454/9 | €1.77M | €1.51M | €1.50M | €1.53M | €1.44M | ▼ 5.5% |
| Other amounts payable47/48 | €1.81M | €5.09M | €12.08M | €60k | €62k | ▲ 2.1% |
| Accrued charges and deferred income492/3 | €7.02M | €4.97M | €3.17M | €2.28M | €1.42M | ▼ 37.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.49M | €6.20M | €8.48M | €6.46M | €3.01M | ▼ 53.4% |
| + Depreciation and write-downs630 | €172k | €72k | €89k | €133k | €139k | ▲ 4.3% |
| Operating cash flow (approximation) | €7.66M | €6.27M | €8.57M | €6.60M | €3.15M | ▼ 52.2% |
| Investment in fixed assets (approximation) | - | €-189k | €-1.11M | €-97k | €-71k | ▲ 26.9% |
| Change in cash | - | €-821k | €34k | €-70k | €1.12M | ▲ 1,694% |
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
About the unread acts
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1437/00C000 | Flanders | 546 m² | 1 · 460 m² | 19.0 m · 5 fl. |
Linked by address, not proof of ownership
Structure & network
Ownership & control
1 parent companyPublic money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 32,736 EUR awarded · 32,736 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 6,029 EUR | 6,029 EUR |
| 2024 | 1 | 7,357 EUR | 7,357 EUR |
| 2023 | 1 | 8,391 EUR | 8,391 EUR |
| 2022 | 1 | 10,959 EUR | 10,959 EUR |
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