STEELO
ActiveSummary
The computed 12-month bankruptcy probability of STEELO is 8.9% (elevated). The 2025 annual accounts show negative equity (-€16,236) and a net result of -€3,579. Equity is shrinking by ~31.4% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth38=
Track record94
Bankruptcy probability, 12 months
8.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.12 in 2024; short-term debt: 310.9% and cash: 15.8% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-210.9%
Return on assets
-46.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€16,236
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 23-05-2026, 69 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
69 d early
2024
59 d early
2023
22 d early
2022
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 40 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€18,113▼ 9.1%
2024 · €19,929
EBIT margin
-19.0%▲ 7.9pp
2024 · -26.9%
Net result
-€3,579▲ 34.9%
2024 · -€5,494
Working capital
-€22,401▲ 15.5%
2024 · -€26,518
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€26,038-€22,229▼ 14.6%€19,929▼ 10.3%€18,113▼ 9.1%
Operating result-€11,513-€739-€5,356-€3,438▲ 35.8%
Net result-€11,764-€601-€5,494-€3,579▲ 34.9%
EBIT margin-44.2%-3.3%▲ 47.5pp-26.9%▼ 30.2pp-19.0%▲ 7.9pp
Equity-€7,764--€7,163▲ 7.7%-€12,657▼ 76.7%-€16,236▼ 28.3%
Total assets€5,239-€1,980▼ 62.2%€17,565▲ 787%€7,697▼ 56.2%
Debt€13,002-€9,142▼ 29.7%€30,221▲ 231%€23,933▼ 20.8%
Working capital-€10,088--€8,179▲ 18.9%-€26,518▼ 224%-€22,401▲ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,438 in 2025 against €5,356 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7,672
Fixed assets
€6,140 ▼ 54.6%
Current assets
€1,532 ▼ 58.6%
Key figures and ratios
EBITDA
-€2,746▼
2024 · -€2,696
Cash flow
-€2,887▼
2024 · -€2,834
Solvency
-210.9%▼
2024 · -72.1%
Current ratio
0.06▼
2024 · 0.12
Debt to equity
-1.47▲
2024 · -2.39
ROA
-46.5%▼
2024 · -31.3%
Interest coverage
-19.51▲
2024 · -19.53
Debt ≤ 1 year
€23,933▼
2024 · €30,221
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 8.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,038 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €26,038 | €22,229 | €19,929 | €18,113 | ▼ 9.1% |
| Goods, raw materials, services and sundry goods60/61 | €3,185 | €9,232 | €21,895 | €20,021 | ▼ 8.6% |
| Remuneration, social security and pensions62 | - | €10,500 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,213 | €1,307 | €2,660 | €692 | ▼ 74.0% |
| Other operating charges640/8 | €1,152 | €450 | €730 | €838 | ▲ 14.8% |
| Gross operating margin9900 | -€8,147 | €12,997 | -€1,966 | -€1,908 | ▲ 3.0% |
| Operating profit (loss)9901 | -€11,513 | €739 | -€5,356 | -€3,438 | ▲ 35.8% |
| Financial charges65/66B | €251 | €138 | €138 | €141 | ▲ 2.0% |
| Recurring financial charges65 | €251 | €138 | €138 | €141 | ▲ 2.0% |
| Profit (loss) for the period before taxes9903 | -€11,764 | €601 | -€5,494 | -€3,579 | ▲ 34.9% |
| Profit (loss) for the period9904 | -€11,764 | €601 | -€5,494 | -€3,579 | ▲ 34.9% |
| Profit (loss) for the period to be appropriated9905 | -€11,764 | €601 | -€5,494 | -€3,579 | ▲ 34.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5,239 | €1,980 | €17,565 | €7,697 | ▼ 56.2% |
| Formation expenses20 | €948 | €641 | €333 | €26 | ▼ 92.3% |
| Fixed assets21/28 | €1,376 | €376 | €13,528 | €6,140 | ▼ 54.6% |
| Tangible fixed assets22/27 | €1,376 | €376 | €13,528 | €6,140 | ▼ 54.6% |
| Furniture and vehicles24 | €1,376 | €376 | €13,528 | €6,140 | ▼ 54.6% |
| Current assets29/58 | €2,914 | €963 | €3,703 | €1,532 | ▼ 58.6% |
| Amounts receivable within one year40/41 | €1,604 | €220 | €1,140 | €313 | ▼ 72.6% |
| Trade receivables40 | - | - | €160 | - | - |
| Other amounts receivable41 | €1,604 | €220 | €980 | €313 | ▼ 68.1% |
| Cash at bank and in hand54/58 | €1,090 | €364 | €2,564 | €1,220 | ▼ 52.4% |
| Deferred charges and accrued income490/1 | €221 | €380 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5,239 | €1,980 | €17,565 | €7,697 | ▼ 56.2% |
| Equity10/15 | -€7,764 | -€7,163 | -€12,657 | -€16,236 | ▼ 28.3% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | -€11,764 | -€11,163 | -€16,657 | -€20,236 | ▼ 21.5% |
| Amounts payable17/49 | €13,002 | €9,142 | €30,221 | €23,933 | ▼ 20.8% |
| Amounts payable within one year42/48 | €13,002 | €9,142 | €30,221 | €23,933 | ▼ 20.8% |
| Trade debts44 | €1,181 | €1,962 | €7,231 | €1,757 | ▼ 75.7% |
| Suppliers440/4 | €1,181 | €1,962 | €7,231 | €1,757 | ▼ 75.7% |
| Taxes, remuneration and social security45 | - | - | €900 | €1,800 | ▲ 100% |
| Remuneration and social security454/9 | - | - | €900 | €1,800 | ▲ 100% |
| Other amounts payable47/48 | €11,821 | €7,180 | €22,090 | €20,376 | ▼ 7.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,764 | €601 | -€5,494 | -€3,579 | ▲ 34.9% |
| + Depreciation and write-downs630 | €2,213 | €1,307 | €2,660 | €692 | ▼ 74.0% |
| Operating cash flow (approximation) | -€9,550 | €1,909 | -€2,834 | -€2,887 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€308 | -€15,812 | €6,696 | ▲ 142% |
| Change in cash | - | -€726 | €2,200 | -€1,344 | ▼ 161% |
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
Next filing, fiscal year 2026, expected by
2026
17-08
State Gazette act
Resignation: TCHELA MEUPPE Steve (director)Appointment: PATTYN Elodie Simone Irma Edith Jeanne Marie (director) · Director discharge · Power of attorney5 facts ▸
State Gazette act
Resignation: TCHELA MEUPPE Steve (director)
Appointment: PATTYN Elodie Simone Irma Edith Jeanne Marie (director) · Director discharge · Power of attorney5 facts ▸
- General meeting, 01-01-2026
- Director resignation, TCHELA MEUPPE Steve (director)
- Director discharge, TCHELA MEUPPE Steve
- Director appointment, PATTYN Elodie Simone Irma Edith Jeanne Marie (director)
- Power of attorney, DJUICHI KARELLE IDE
14-08
State Gazette act
Resignation: TCHELA MEUPPE Steve (director)Appointment: PATTYN Elodie Simone Irma Edith Jeanne Marie (director) · Director discharge4 facts ▸
State Gazette act
Resignation: TCHELA MEUPPE Steve (director)
Appointment: PATTYN Elodie Simone Irma Edith Jeanne Marie (director) · Director discharge4 facts ▸
- General meeting, 01-01-2026
- Director resignation, TCHELA MEUPPE Steve (director)
- Director discharge, TCHELA MEUPPE Steve (director)
- Director appointment, PATTYN Elodie Simone Irma Edith Jeanne Marie (director)
23-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €601
Net result €601 after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
PATTYN Elodie Simone Irma Edith Jeanne Marie
CurrentDirector · since 14-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 3 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel
Ground area
4,776 m²
Building footprint
321 m²
Volume, LiDAR
5,524 m³
Parcel 21815D0120/00V000, Brussels · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0120/00V000 | Brussels | 4,775 m² | 1 · 321 m² | 21.2 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PATTYN Elodie Simone Irma Edith Jeanne Marie |
|
| TCHELA MEUPPE Steve |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPrivate limited company
Founded15-01-2021
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761676563
Also
9925:BE0761676563
Registered
29-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.