Equity
€42,097 from €95,080 in 2024
Equity fell by 56% in 1 year.
Steemans
Lifetime
6 annual accounts with figures on one time axispeak €67,116 (2024)
-€34,586▼ €101,702
lowest -€52,983 (2025)
-€52,983▼ €63,429
peak €95,080 (2024)
€42,097▼ 55.7%
€105,690▼ 74.8%
peak 0.2 FTE (2020)
-not published
Board1 name since 2019
1 directorSTEEMANS Mathias Charles Gilberte
Documentsfilings and deeds
01-06-202660 days before the deadline
2025micro format
Gross margin from €67,116 to -€34,586Loss of €52,983Equity from €95,080 to €42,097Debts from €419,240 to €105,690
Key points
from the 2025 annual accountsResult
-€52,983 -€52,983
From profit to loss in 2025, after a profit of €10,446 in 2024.
Debts
€105,690 72% of the balance sheet
Financial debts 27%Suppliers 50%Taxes and wages 11%Other 12%
Of this, €77,249 falls due within a year.
Investments
€58,438 5.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 38.2% higher than in 2024.
Filings
6 annual accounts 2 late
The 2020 accounts came latest: 75 days after the end of the period.
Position in the sector
-€52,983
Lower net result than 95% of companies in construction of buildings. Sector median €8,554 · 9,452 companies.
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 32% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.5%
01-2025: 3.3%▼ -0.2 percentage points vs 12-2024
02-2025: 3.3%● unchanged vs 01-2025
03-2025: 3.3%● unchanged vs 02-2025
04-2025: 3.4%▲ +0.1 percentage points vs 03-2025
05-2025: 3.3%▼ -0.1 percentage points vs 04-2025
06-2025: 3.3%● unchanged vs 05-2025
07-2025: 4.6%▲ +1.3 percentage points vs 06-2025
08-2025: 4.6%● unchanged vs 07-2025
09-2025: 4.6%● unchanged vs 08-2025
10-2025: 4.6%● unchanged vs 09-2025
11-2025: 4.7%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 4.0%▼ -0.7 percentage points vs 11-2025
01-2026: 4.0%● unchanged vs 12-2025
02-2026: 4.0%● unchanged vs 01-2026
03-2026: 4.0%● unchanged vs 02-2026
04-2026: 3.9%▼ -0.1 percentage points vs 03-2026
05-2026: 3.9%● unchanged vs 04-2026
06-2026: 3.8%▼ -0.1 percentage points vs 05-2026
07-2026: 1.4%▼ -2.4 percentage points vs 06-2026lowest value
08-2026: 1.4%● unchanged vs 07-2026lowest value
09-2026: 1.4%● unchanged vs 08-2026lowest value
10-2026: 1.4%● unchanged vs 09-2026lowest value
11-2026: 1.4%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Sector: Construction of residential and non-residential buildings (NACE 41)
1 of the last 3 accounts late
Loss of €52,983 (financial year 2025)
lowers risk
Liquidity: current ratio 1.67, cash €88,992
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 35% of them on solvency, 77% on liquidity, 5% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,133 companies had the same profile as Steemans has now. Each dot stands for 3 companies, two years later.
86.3%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Steemans itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,133 companies, not a prediction for Steemans. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.67 (1.16 in 2024), above the usual 1.5. Short-term debt is 52.3% and cash 60.2% of total assets. However, 71.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 01-06-2026, 60 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
60 days early
2024
57 days early
2023
35 days late
2022
18 days early
2021
68 days early
2020
75 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 16 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0733949015
Incorporation
Founding capital of €2,500, 100 shares · Founder: STEEMANS Mathias Charles Gilberte · Appointment: STEEMANS Mathias Charles Gilberte (director) · published on 13-09-2019 · Gazette deed
First establishment
Diestsesteenweg 56, Tielt-Winge
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Steemans Tielt-Winge | €147,787 | -€34,586 | 28.5% | - |
| MORTISUN Dentergem | €146,358 | -€23,517 | 41.8% | - |
| ECOWONEN Lubbeek | €249,937 | -€6,799 | 2.5% | - |
| LV Patrimo Tervuren | €294,139 | -€1,805 | 12.7% | 0 |
| BOUWWERKEN TEUGELS Kapelle-op-den-Bos | €300,549 | -€27,232 | 38.2% | - |
| WATREMEZ Binche | €128,302 | €1,308 | 9.5% | - |
| VierWerf17 Assenede | €200,993 | -€4,722 | 45.6% | - |
These companies have the same main activity as Steemans: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €128,000 and €301,000, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 11-09-2019Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 6 others
- Establishment unit
- 2.293.128.7953390 Tielt-Winge, since 11-09-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 08-09-2025
Annual accounts 2025
- €147,787▼ 71.3%
- Filing
- Filed on 01-06-2026, 60 days before the end of the filing period
Insights on Steemans
Steemans files the micro format. That format states no turnover. The gross margin fell from €50,517 in 2020 to -€34,586 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Steemans
- What is the company number of Steemans?
- The company number of Steemans is 0733.949.015. The VAT number is the same number with BE in front: BE 0733.949.015.
- Where is Steemans based?
- The registered office is at Diestsesteenweg 56, 3390 Tielt-Winge.Company details
- What does Steemans do?
- According to the KBO register, the main activity is general construction of other non-residential buildings (NACE 41003).
- What is the legal form of Steemans?
- Steemans is a private limited company (BV).
- When was Steemans founded?
- Steemans was founded on 11-09-2019.
- Is Steemans still active?
- Yes, Steemans is an active enterprise in the KBO register.
- How many employees does Steemans have?
- Steemans had an average of 0.2 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of Steemans?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.
- Is Steemans profitable?
- In financial year 2025, Steemans made a loss of €52,983.
- Where can I find the annual accounts of Steemans?
- Steemans filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Steemans due?
- Steemans must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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