Financials
- Fiscal year
- 2025
- Total assets
- €111,233
- Profit
- €1,624
- Solvency
- -89.1%
Total assets▲ 179%
Net result
20182025
STEELLINE
ActiveSummary
STEELLINE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€99,119) and a net result of €1,624. Equity is shrinking by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
What they do
Buying and selling of own real estate
NACE 68110NACE 52425NACE 68100
1 site
How big
€111,233total assets 2025
- Equity
- -€99,119
- Profit
- €1,624
Turnover not published (abridged schema)
Who decides
- Parent
- MARINVEST · 99%
Accounts filed 29 d late1 of 9 deeds read
Why 54Capped at 59: negative equity- Negative equity -€99,119- Latest accounts 29 days late; 2 of the last 3 late+ Size: total assets €111,233+ Founded in 1992Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 32% of its sector peers (NACE 68, 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 -89.1% of total assets
Liquidity
50+39
short-term debt 189.1% · cash 47.0%
Profitability
30+30
return on assets 1.5%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: total assets €111,233 lowers the probability for this profile
- Negative equity -€99,119 raises the probability
- Founded in 1992 lowers the probability for this profile
- Latest accounts 29 days late; 2 of the last 3 late raises the probability
No credit on open account
Liquidity short (current ratio 0.51 against 0.26 in 2024; short-term debt: 189.1% and cash: 47% of total assets), 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 (NACE 68, micro). Better than this share of them on solvency 5%, liquidity 49%, profitability 26%, growth against the median 51%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 15312 sector peers (2025).
NBB · sector comparisonPosition among 15312 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
54 d late
2023
63 d late
2022
68 d late
2021
75 d late
2020
114 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 75 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. Usually files around 3 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Resignation: Evelina Timmermans (director)State Gazette act
- Back to profitnet €1,624
Key points
By topic
Board & ownership
- Parent
- MARINVEST · 99%
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 29-08-2026Annual accounts filed
- 10-06-2026Resignation: Evelina Timmermans (director)
- 31-12-2025Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 24-04-1992
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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