STEELS CONSTRUCTIONS
ActiveSTEELS CONSTRUCTIONS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.41M and a net result of €970k. Equity is growing by ~39.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 4822 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
83
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+3
Solvency41▲+1
Growth82▼-3
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370k at 30 days acceptable
Liquidity ample (current ratio 2.17 against 2.33 in 2024), but 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.2%
Return on assets
2.5%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 4822 sector peers (2025).
NBB · sector comparisonPosition among 4822 sector peers
Solvency
better than 13%
← 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 31-08-2026, 31 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
31 d late
2024
30 d late
2023
58 d late
2022
11 d early
2021
11 d early
2020
4 d early
2019
18 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€51.82M▼ 5.8%
2024 · €55.03M
2018: €16.63M
2019: €22.09M
2020: €24.86M
2021: €35.43M
2022: €39.85M
2023: €54.21M
2024: €55.03M
2018 → 2025
EBIT margin
3.1%▲ 0.7pp
2024 · 2.5%
2018: 1.5%
2019: 0.3%
2020: 0.4%
2021: 1.3%
2022: 3.9%
2023: 3.2%
2024: 2.5%
2018 → 2025
Net result
€970k▲ 28.5%
2024 · €755k
2018: €149k
2019: €12k
2020: €29k
2021: €301k
2022: €1.12M
2023: €1.23M
2024: €755k
2018 → 2025
Working capital
€18.58M▼ 4.0%
2024 · €19.36M
2018: €-875k
2019: €4.07M
2020: €5.50M
2021: €6.36M
2022: €7.74M
2023: €17.52M
2024: €19.36M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€35.43M-€39.85M▲ 12.5%€54.21M▲ 36.0%€55.03M▲ 1.5%€51.82M▼ 5.8%
Equity€796k-€1.81M▲ 128%€2.89M▲ 59.5%€3.54M▲ 22.7%€4.41M▲ 24.5%
Operating result€472k-€1.54M▲ 227%€1.76M▲ 13.9%€1.36M▼ 22.5%€1.62M▲ 18.9%
Net result€301k-€1.12M▲ 271%€1.23M▲ 10.1%€755k▼ 38.5%€970k▲ 28.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39.53M
Fixed assets
€5.01M▲ 66.5%
Current assets
€34.52M▲ 1.8%
Equity and liabilities €39.53M
Equity
€4.41M▲ 24.5%
Provisions
€25k▲ 39.5%
Debt
€35.09M▲ 5.2%
The debt ratio falls from 90.3% to 88.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€2.69M▲
2024 · €2.10M
Cash flow
€2.04M▲
2024 · €1.49M
Solvency
11.2%▲
2024 · 9.6%
Current ratio
2.17▼
2024 · 2.33
Quick ratio
1.35▼
2024 · 1.42
Debt / equity
7.95▼
2024 · 9.41
ROE
22.0%▲
2024 · 21.3%
ROA
2.5%▲
2024 · 2.0%
Interest coverage
6.71▲
2024 · 5.03
Debt
€35.09M▲
2024 · €33.35M
Debt ≤ 1 year
€15.94M▲
2024 · €14.54M
Debt > 1 year
€18.45M▼
2024 · €18.47M
Income taxes
€280k▲
2024 · €224k
Staff costs
€595k▲
2024 · €523k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€36.91M€39.53M▲
Fixed assets21/28€3.01M€5.01M▲
Intangible fixed assets21€12k€8k▼
Tangible fixed assets22/27€2.99M€4.99M▲
Plant, machinery and equipment23€180k€212k▲
Furniture and vehicles24€2.59M€4.56M▲
Other tangible fixed assets26€226k€221k▼
Financial fixed assets28€4k€14k▲
Other financial fixed assets284/8€4k€14k▲
Amounts receivable and cash guarantees285/8€4k€14k▲
Current assets29/58€33.90M€34.52M▲
Stocks and contracts in progress3€13.32M€13.03M▼
Stocks30/36€13.32M€13.03M▼
Raw materials and consumables30/31€172k€158k▼
Work in progress32-€32k
Goods purchased for resale34€13.14M€12.84M▼
Amounts receivable within one year40/41€19.02M€19.83M▲
Trade receivables40€7.30M€5.94M▼
Other amounts receivable41€11.72M€13.89M▲
Cash at bank and in hand54/58€960k€1.31M▲
Deferred charges and accrued income490/1€606k€350k▼
Equity and liabilities
Total equity and liabilities10/49€36.91M€39.53M▲
Equity10/15€3.54M€4.41M▲
Contributions10/11€122k€122k=
Reserves13€3.42M€4.29M▲
Tax-exempt reserves132€1.22M€1.39M▲
Distributable reserves133€2.20M€2.90M▲
Profit (loss) carried forward14€4k€5k▲
Provisions and deferred taxes16€18k€25k▲
Deferred taxes168€18k€25k▲
Amounts payable17/49€33.35M€35.09M▲
Amounts payable after more than one year17€18.47M€18.45M▼
Financial debts170/4€18.47M€18.45M▼
Credit institutions173€121k€103k▼
Other loans174€18.35M€18.35M=
Amounts payable within one year42/48€14.54M€15.94M▲
Current portion of amounts payable after more than one year42€18k€18k=
Financial debts43€7.05M€5.62M▼
Credit institutions430/8€7.05M€5.62M▼
Trade debts44€3.93M€2.45M▼
Suppliers440/4€3.93M€2.45M▼
Advances received on contracts in progress46€1.52M€3.70M▲
Taxes, remuneration and social security45€52k€401k▲
Taxes450/3€14k€329k▲
Remuneration and social security454/9€38k€72k▲
Other amounts payable47/48€1.98M€3.76M▲
Accrued charges and deferred income492/3€333k€703k▲
Income statement
Code20242025
Operating income70/76A€55.52M€52.37M▼
Turnover70€55.03M€51.82M▼
Other operating income74€485k€550k▲
Non-recurring operating income76A€0-
Operating charges60/66A€54.15M€50.75M▼
Goods for resale, raw materials and consumables60€50.35M€46.49M▼
Purchases600/8€51.88M€46.20M▼
Change in stocks: decrease (increase)609€-1.53M€287k▲
Services and other goods61€2.29M€2.48M▲
Remuneration, social security and pensions62€523k€595k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€734k€1.07M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€63k€-6k▼
Other operating charges640/8€193k€115k▼
Operating profit (loss)9901€1.36M€1.62M▲
Financial income75/76B€51k€62k▲
Recurring financial income75€51k€62k▲
Income from current assets751€39k€49k▲
Other financial income752/9€12k€13k▲
Financial charges65/66B€431k€425k▼
Recurring financial charges65€431k€425k▼
Debt charges650€416k€401k▼
Other financial charges652/9€15k€24k▲
Profit (loss) for the period before taxes9903€981k€1.26M▲
Transfer from deferred taxes780€836€2k▲
Transfer to deferred taxes680€4k€9k▲
Income taxes67/77€224k€280k▲
Taxes670/3€224k€280k▲
Profit (loss) for the period9904€755k€970k▲
Transfer from tax-exempt reserves789€162k€173k▲
Transfer to tax-exempt reserves689€327k€341k▲
Profit (loss) for the period to be appropriated9905€591k€802k▲
Appropriation of the result
Profit (loss) to be appropriated9906€602k€805k▲
Profit (loss) brought forward from the previous period14P€11k€4k▼
Transfer to equity691/2€498k€700k▲
To other reserves6921€498k€700k▲
Profit to be distributed694/7€100k€100k=
Directors or managers695€100k€100k=
Social balance
Average headcount (FTE)908710.210.4▲
The notes to these accounts (69 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
31-12
Financial
Highest result since 2018net €1.23M ▲10.1%
Operating result €1.76M, net result €1.23M, both a record.
31-12
Financial
Equity above €2MEq €2.89M ▲59.5%
6 profitable years in a row build equity to €2.89M.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.81M ▲128%
5 profitable years in a row build equity to €1.81M.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet €12k ▼92.2%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hille-Zuid 28750 WingeneGround area
1.0 ha
Building footprint
2,504 m²
Parcel 37019C0260/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
STEELS CONSTRUCTIONS
since 20222.328.443.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019C0260/00D000 | Flanders | 1.0 ha | 1 · 2,504 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 3,292 EUR awarded · 3,292 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,292 EUR | 3,292 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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CARROSSERIE MATTHYS
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WAF
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Of 248 companies in sector 29201 we hold annual accounts for 120. 44 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-1987
Fiscal year end31-12
Activities, NACEBEL
29201Manufacture of motor vehicles, trailers and semi-trailers
46711Wholesale of cars and light vans (up to 3.5 tonnes)
25530Machining of metals
45112
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46712Wholesale trade
45192
47812Retail trade
45194
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
46180Agents specialised in the wholesale of other particular products
46713Wholesale trade
77110Renting and leasing of cars and light motor vehicles
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.