STEENMAN
ActiveSummary
STEENMAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €10k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 58% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-4
Solvency79▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.8 against 1.86 in 2023; short-term debt: 45.4% of total assets), and 46.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · 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
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 2024Solvency, return and age of the figures
Solvency
53.9%
Return on assets
6.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
122 d late
2022
121 d late
2021
31 d late
2019
27 d late
2018
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
€335k
EBIT margin
5.5%
Net result
€10k▲ 25.1%
2023 · €8k
Working capital
€57k▲ 29.3%
2023 · €44k
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
Line20192021202220232024
Turnover€335k
Operating result€28k▲ 247%€916-€18k▲ 1,899%€11k▼ 39.8%€18k▲ 65.6%
Net result€22k▲ 270%€212-€14k▲ 6,535%€8k▼ 41.4%€10k▲ 25.1%
EBIT margin5.5%
Equity€50k▲ 55.2%€52k-€65k▲ 24.7%€73k▲ 12.7%€83k▲ 14.1%
Total assets€91k▲ 1.5%€75k-€100k▲ 33.6%€125k▲ 24.6%€155k▲ 23.8%
Debt€41k▼ 28.8%€23k-€35k▲ 53.9%€52k▲ 46.5%€71k▲ 37.5%
Working capital€24k▲ 545%€26k-€35k▲ 36.5%€44k▲ 24.4%€57k▲ 29.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 66% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €155k
Fixed assets
€28k ▼ 8.2%
Current assets
€127k ▲ 34.1%
Equity and liabilities €155k
Equity
€83k ▲ 14.1%
Debt
€71k ▲ 37.5%
Debt's share of the balance-sheet total rises from 41.5% to 46.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2023 · €15k
Cash flow
€14k▲
2023 · €13k
Current ratio
1.80▼
2023 · 1.86
Debt to equity
0.85▲
2023 · 0.71
ROE
12.4%▲
2023 · 11.3%
ROA
6.7%▲
2023 · 6.6%
Interest coverage
5.45▼
2023 · 34.45
Debt ≤ 1 year
€70k▲
2023 · €51k
Income taxes
€5k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €335k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €313k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €4k | €2k | €4k | €3k | ▼ 24.4% |
| Other operating charges640/8 | - | €2k | €2k | €852 | €2k | ▲ 134% |
| Non-recurring operating charges66A | - | - | - | - | €1k | - |
| Gross operating margin9900 | €38k | €6k | €22k | €16k | €25k | ▲ 53.1% |
| Operating profit (loss)9901 | €28k | €916 | €18k | €11k | €18k | ▲ 65.6% |
| Financial income75/76B | - | €910 | €1k | €989 | €530 | ▼ 46.4% |
| Recurring financial income75 | €914 | €910 | €1k | €989 | €530 | ▼ 46.4% |
| Financial charges65/66B | - | €1k | €557 | €449 | €4k | ▲ 783% |
| Recurring financial charges65 | €952 | €1k | €557 | €449 | €4k | ▲ 783% |
| Profit (loss) for the period before taxes9903 | €28k | €807 | €19k | €12k | €15k | ▲ 28.2% |
| Income taxes67/77 | €6k | €595 | €5k | €3k | €5k | ▲ 35.6% |
| Profit (loss) for the period9904 | €22k | €212 | €14k | €8k | €10k | ▲ 25.1% |
| Profit (loss) for the period to be appropriated9905 | €22k | €212 | €14k | €8k | €10k | ▲ 25.1% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €91k | €75k | €100k | €125k | €155k | ▲ 23.8% |
| Fixed assets21/28 | €30k | €27k | €31k | €30k | €28k | ▼ 8.2% |
| Tangible fixed assets22/27 | €30k | €27k | €31k | €30k | €28k | ▼ 8.2% |
| Land and buildings22 | - | €24k | €23k | €23k | €22k | ▼ 3.4% |
| Plant, machinery and equipment23 | - | €2k | €2k | €4k | €3k | ▼ 19.2% |
| Furniture and vehicles24 | - | €1k | €5k | €4k | €3k | ▼ 26.3% |
| Current assets29/58 | €61k | €48k | €69k | €94k | €127k | ▲ 34.1% |
| Amounts receivable after more than one year29 | - | €26k | €26k | €26k | €26k | = |
| Other amounts receivable291 | - | €26k | €26k | €26k | €26k | = |
| Amounts receivable within one year40/41 | €33k | €11k | €27k | €48k | €93k | ▲ 96.0% |
| Trade receivables40 | - | €8k | €14k | €43k | €91k | ▲ 112% |
| Other amounts receivable41 | - | €3k | €13k | €4k | €2k | ▼ 55.7% |
| Cash at bank and in hand54/58 | - | €61 | €12k | €11k | - | - |
| Deferred charges and accrued income490/1 | - | €11k | €5k | €9k | €7k | ▼ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €91k | €75k | €100k | €125k | €155k | ▲ 23.8% |
| Equity10/15 | €50k | €52k | €65k | €73k | €83k | ▲ 14.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €32k | €33k | €46k | €54k | €65k | ▲ 18.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €32k | €44k | €53k | €63k | ▲ 19.6% |
| Amounts payable17/49 | €41k | €23k | €35k | €52k | €71k | ▲ 37.5% |
| Amounts payable after more than one year17 | €3k | - | - | - | - | - |
| Amounts payable within one year42/48 | €37k | €22k | €34k | €51k | €70k | ▲ 38.2% |
| Current portion of amounts payable after more than one year42 | - | €999 | - | - | - | - |
| Financial debts43 | - | - | - | - | €21k | - |
| Credit institutions430/8 | - | - | - | - | €21k | - |
| Trade debts44 | €14k | €16k | €23k | €21k | €6k | ▼ 72.8% |
| Suppliers440/4 | - | €16k | €23k | €21k | €6k | ▼ 72.8% |
| Taxes, remuneration and social security45 | - | €1k | €6k | €25k | €38k | ▲ 54.2% |
| Taxes450/3 | - | €1k | €6k | €19k | €30k | ▲ 63.3% |
| Remuneration and social security454/9 | - | - | €93 | €6k | €8k | ▲ 26.8% |
| Other amounts payable47/48 | - | €4k | €5k | €5k | €5k | ▲ 0.1% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €1k | €1k | = |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €212 | €14k | €8k | €10k | ▲ 25.1% |
| + Depreciation and write-downs630 | €10k | €4k | €2k | €4k | €3k | ▼ 24.4% |
| Operating cash flow (approximation) | €32k | €4k | €17k | €13k | €14k | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | - | €-6k | €-4k | €-859 | ▲ 79.1% |
| Change in cash | - | - | €12k | €-541 | - | - |
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
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €212 ▼99%
Net result drops to €212, the lowest in the series; recovery starts the following year.
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Highest result since 2018net €22k ▲270%
Operating result €28k, net result €22k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
28-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Asse · 1 establishment unit since 2006
Ground area
111 m²
Building footprint
67 m²
Volume, LiDAR
265 m³
Parcel 23002A0260/00G000, Flanders · tallest building 7.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SteenMan
since 20062.155.444.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002A0260/00G000 | Flanders | 111 m² | 1 · 67 m² | 7.5 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.
Similar companies · same sector, comparable size
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,239 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 (pre-2019)
Founded04-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.