STEEN MULTITECH
ActiveSummary
STEEN MULTITECH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €765,188 and a net result of €116,867. Equity is growing by ~41.5% per year across the filed fiscal years. Its solvency ranks better than 79% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+1
Solvency95▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 4.71 against 2.57 in 2024; short-term debt: 17.4% and cash: 8.3% of total assets), and 30.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
69.9%
Return on assets
10.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
4 d early
← 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 1 day before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by equity in Gistel, Construction sector
Equity
€765,188▲ 18.0%
2024 · €648,321
Total assets
€1.1m▼ 15.9%
2024 · €1.3m
Net result
€116,867▼ 11.3%
2024 · €131,716
Working capital
€707,528▲ 9.1%
2024 · €648,722
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€147,520▲ 785%€193,625▲ 31.3%€327,112▲ 68.9%€186,774▼ 42.9%€164,281▼ 12.0%
Net result€113,087above the sector's middle half▲ 1,722%€136,481above the sector's middle half▲ 20.7%€234,505above the sector's middle half▲ 71.8%€131,716within the sector's middle half▼ 43.8%€116,867above the sector's middle half▼ 11.3%
Equity€164,262above the sector's middle half▲ 221%€300,743above the sector's middle half▲ 83.1%€527,748within the sector's middle half▲ 75.5%€648,321within the sector's middle half▲ 22.8%€765,188above the sector's middle half▲ 18.0%
Total assets€596,657above the sector's middle half▲ 180%€869,947above the sector's middle half▲ 45.8%€1.1mwithin the sector's middle half▲ 30.2%€1.3mwithin the sector's middle half▲ 14.9%€1.1mwithin the sector's middle half▼ 15.9%
Debt€432,395▲ 167%€569,204▲ 31.6%€605,118▲ 6.3%€652,892▲ 7.9%€329,103▼ 49.6%
Working capital€229,554▲ 119%€453,835▲ 97.7%€602,393▲ 32.7%€648,722▲ 7.7%€707,528▲ 9.1%
Solvency27.5%within the sector's middle half▲ 3.5pp34.6%within the sector's middle half▲ 7.0pp46.6%within the sector's middle half▲ 12.0pp49.8%within the sector's middle half▲ 3.2pp69.9%above the sector's middle half▲ 20.1pp
Staff (FTE)0.6below the sector's middle half2.2within the sector's middle half▲ 267%3.1within the sector's middle half▲ 40.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€195,919 ▼ 18.4%
Current assets
€898,372 ▼ 15.3%
Equity and liabilities €1.1m
Equity
€765,188 ▲ 18.0%
Debt
€329,103 ▼ 49.6%
Debt's share of the balance-sheet total falls from 50.2% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€247,887▼
2024 · €262,230
Cash flow
€200,473▼
2024 · €207,172
Current ratio
4.71▲
2024 · 2.57
Quick ratio
3.14▲
2024 · 1.80
Debt to equity
0.43▼
2024 · 1.01
ROE
15.3%▼
2024 · 20.3%
ROA
10.7%▲
2024 · 10.1%
Interest coverage
18.15▲
2024 · 13.75
Debt ≤ 1 year
€190,845▼
2024 · €412,331
Debt > 1 year
€123,259▼
2024 · €225,561
Income taxes
€34,165▼
2024 · €37,255
Staff costs
€169,458▲
2024 · €114,164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,000 | €750 | ▼ 85.0% |
| Remuneration, social security and pensions62 | - | - | €30,149 | €114,164 | €169,458 | ▲ 48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,749 | €22,166 | €53,045 | €75,456 | €83,606 | ▲ 10.8% |
| Other operating charges640/8 | - | €1,309 | €1,561 | €2,476 | €2,029 | ▼ 18.1% |
| Gross operating margin9900 | €166,835 | €217,100 | €411,867 | €378,870 | €419,374 | ▲ 10.7% |
| Operating profit (loss)9901 | €147,520 | €193,625 | €327,112 | €186,774 | €164,281 | ▼ 12.0% |
| Financial income75/76B | - | €554 | €7,916 | €1,263 | €407 | ▼ 67.8% |
| Recurring financial income75 | €1,731 | €554 | €7,916 | €1,263 | €407 | ▼ 67.8% |
| Financial charges65/66B | - | €10,840 | €25,549 | €19,066 | €13,656 | ▼ 28.4% |
| Recurring financial charges65 | €8,533 | €10,840 | €25,549 | €19,066 | €13,656 | ▼ 28.4% |
| Profit (loss) for the period before taxes9903 | €140,718 | €183,339 | €309,479 | €168,971 | €151,032 | ▼ 10.6% |
| Income taxes67/77 | €27,631 | €46,858 | €74,974 | €37,255 | €34,165 | ▼ 8.3% |
| Profit (loss) for the period9904 | €113,087 | €136,481 | €234,505 | €131,716 | €116,867 | ▼ 11.3% |
| Profit (loss) for the period to be appropriated9905 | €113,087 | €136,481 | €234,505 | €131,716 | €116,867 | ▼ 11.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €596,657 | €869,947 | €1.1m | €1.3m | €1.1m | ▼ 15.9% |
| Fixed assets21/28 | €72,705 | €102,339 | €206,038 | €240,160 | €195,919 | ▼ 18.4% |
| Intangible fixed assets21 | €260 | - | - | €1,603 | €1,233 | ▼ 23.1% |
| Tangible fixed assets22/27 | €72,445 | €102,339 | €206,038 | €235,943 | €192,072 | ▼ 18.6% |
| Plant, machinery and equipment23 | - | €57,987 | €52,191 | €52,714 | €54,097 | ▲ 2.6% |
| Furniture and vehicles24 | - | €44,352 | €153,847 | €183,230 | €134,952 | ▼ 26.3% |
| Other tangible fixed assets26 | - | - | - | - | €3,023 | - |
| Financial fixed assets28 | - | - | - | €2,614 | €2,614 | = |
| Current assets29/58 | €523,952 | €767,607 | €926,829 | €1.1m | €898,372 | ▼ 15.3% |
| Stocks and contracts in progress3 | €99,695 | €264,078 | €563,312 | €318,513 | €299,120 | ▼ 6.1% |
| Stocks30/36 | - | €225,351 | €498,312 | €258,118 | €243,120 | ▼ 5.8% |
| Contracts in progress37 | - | €38,727 | €65,000 | €60,394 | €56,000 | ▼ 7.3% |
| Amounts receivable within one year40/41 | €360,258 | €358,648 | €214,161 | €558,523 | €504,036 | ▼ 9.8% |
| Trade receivables40 | - | €329,411 | €137,939 | €504,816 | €426,038 | ▼ 15.6% |
| Other amounts receivable41 | - | €29,238 | €76,222 | €53,706 | €77,998 | ▲ 45.2% |
| Cash at bank and in hand54/58 | €50,684 | €143,395 | €146,686 | €180,254 | €90,395 | ▼ 49.9% |
| Deferred charges and accrued income490/1 | - | €1,487 | €2,670 | €3,763 | €4,821 | ▲ 28.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €596,657 | €869,947 | €1.1m | €1.3m | €1.1m | ▼ 15.9% |
| Equity10/15 | €164,262 | €300,743 | €527,748 | €648,321 | €765,188 | ▲ 18.0% |
| Contributions10/11 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | €158,012 | €294,493 | €521,498 | €642,071 | €758,938 | ▲ 18.2% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Other1319 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €292,633 | €521,498 | €642,071 | €758,938 | ▲ 18.2% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €432,395 | €569,204 | €605,118 | €652,892 | €329,103 | ▼ 49.6% |
| Amounts payable after more than one year17 | €122,997 | €240,431 | €265,683 | €225,561 | €123,259 | ▼ 45.4% |
| Financial debts170/4 | - | €49,547 | €122,070 | €113,500 | €71,575 | ▼ 36.9% |
| Other amounts payable178/9 | - | €190,885 | €143,613 | €112,060 | €51,684 | ▼ 53.9% |
| Amounts payable within one year42/48 | €294,398 | €313,773 | €324,435 | €412,331 | €190,845 | ▼ 53.7% |
| Current portion of amounts payable after more than one year42 | - | €23,984 | €47,507 | €58,744 | €41,926 | ▼ 28.6% |
| Financial debts43 | - | €125,000 | €125,000 | €20,000 | €4,893 | ▼ 75.5% |
| Credit institutions430/8 | - | €125,000 | €125,000 | €20,000 | €4,893 | ▼ 75.5% |
| Trade debts44 | €209,844 | €102,933 | €71,313 | €247,470 | €107,519 | ▼ 56.6% |
| Suppliers440/4 | - | €102,933 | €71,313 | €247,470 | €107,519 | ▼ 56.6% |
| Taxes, remuneration and social security45 | - | €17,197 | €20,259 | €22,877 | €14,567 | ▼ 36.3% |
| Taxes450/3 | - | €17,197 | €20,259 | €12,725 | €5,353 | ▼ 57.9% |
| Remuneration and social security454/9 | - | - | - | €10,152 | €9,214 | ▼ 9.2% |
| Other amounts payable47/48 | - | €44,659 | €60,356 | €63,240 | €21,940 | ▼ 65.3% |
| Accrued charges and deferred income492/3 | - | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,087 | €136,481 | €234,505 | €131,716 | €116,867 | ▼ 11.3% |
| + Depreciation and write-downs630 | €17,749 | €22,166 | €53,045 | €75,456 | €83,606 | ▲ 10.8% |
| Operating cash flow (approximation) | €130,835 | €158,647 | €287,550 | €207,172 | €200,473 | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | -€51,800 | -€156,743 | -€109,579 | -€39,365 | ▲ 64.1% |
| Change in cash | - | €92,710 | €3,291 | €33,568 | -€89,859 | ▼ 368% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €234,505 ▲71.8%
Operating result €327,112, net result €234,505, both a record.
30-06
Financial
Equity above €500,000Eq €527,748 ▲75.5%
5 profitable years in a row build equity to €527,748.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €200,000Eq €300,743 ▲83.1%
4 profitable years in a row build equity to €300,743.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €150,000Eq €164,262 ▲221%
3 profitable years in a row build equity to €164,262.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Weakest financial yearnet €6,208 ▼63.7%
Net result drops to €6,208, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Gistel · 1 establishment unit since 2015
Ground area
3,355 m²
Building footprint
228 m²
Volume, LiDAR
693 m³
Parcel 35005D0764/00A000, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STEEN MULTITECH
since 20152.247.125.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0764/00A000 | Flanders | 3,355 m² | 1 · 228 m² | 6.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,333 EUR awarded · 2,422 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,717 EUR | 2,080 EUR |
| 2024 | 1 | 616 EUR | 252 EUR |
| 2023 | 1 | 0 EUR | 90 EUR |
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Of 1,123 companies in sector 43212 we hold annual accounts for 420. 199 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-09-2015
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
33140Repair and maintenance of electrical equipment
42211Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0638771427
Also
9925:BE0638771427
Registered
09-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.