Steenstraete
ActiveSummary
The computed 12-month bankruptcy probability of Steenstraete is 4.0% (elevated). The 2025 annual accounts show equity of €57k and a net result of €4k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 13305 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+1
Solvency49▲+4
Growth52=
Track record94
Bankruptcy probability, 12 months
4.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 1.16 in 2024; short-term debt: 43.9% and cash: 27.2% of total assets), and 75.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 15-10-2025, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
16 d early
2024
37 d early
2023
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▲ 8.2%
2024 · €53k
2023: €51k
2024: €53k
2023 → 2025
Total assets
€234k▼ 12.1%
2024 · €267k
2023: €234k
2024: €267k
2023 → 2025
Net result
€4k▲ 151%
2024 · €2k
2023: €46k
2024: €2k
2023 → 2025
Working capital
€3k▼ 80.0%
2024 · €16k
2023: €30k
2024: €16k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€51k-€53k▲ 3.4%€57k▲ 8.2%
Operating result€61k-€8k▼ 86.5%€13k▲ 62.8%
Net result€46k-€2k▼ 96.3%€4k▲ 151%
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 2025; 2025 is 63% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€128k ▼ 17.2%
Current assets
€106k ▼ 5.1%
Equity and liabilities €234k
Equity
€57k ▲ 8.2%
Debt
€177k ▼ 17.1%
Debt's share of the balance-sheet total falls from 80.3% to 75.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▲
2024 · €41k
Cash flow
€41k▲
2024 · €35k
Current ratio
1.03▼
2024 · 1.16
Quick ratio
0.80▼
2024 · 0.89
Debt to equity
3.12▼
2024 · 4.07
ROE
7.6%▲
2024 · 3.3%
ROA
1.8%▲
2024 · 0.6%
Interest coverage
9.11▲
2024 · 8.87
Debt ≤ 1 year
€103k▲
2024 · €96k
Debt > 1 year
€73k▼
2024 · €102k
Income taxes
€3k▲
2024 · €2k
Staff costs
€341k▲
2024 · €292k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€267k€234k▼
Fixed assets21/28€155k€128k▼
Intangible fixed assets21€1€1▼
Tangible fixed assets22/27€155k€128k▼
Plant, machinery and equipment23€67k€46k▼
Furniture and vehicles24€15k€10k▼
Other tangible fixed assets26€73k€72k▼
Current assets29/58€112k€106k▼
Stocks and contracts in progress3€27k€24k▼
Stocks30/36€27k€24k▼
Amounts receivable within one year40/41€11k€11k▼
Trade receivables40€975€3k▲
Other amounts receivable41€10k€8k▼
Cash at bank and in hand54/58€55k€64k▲
Deferred charges and accrued income490/1€19k€7k▼
Equity and liabilities
Total equity and liabilities10/49€267k€234k▼
Equity10/15€53k€57k▲
Contributions10/11€5k€5k=
Reserves13€48k€52k▲
Distributable reserves133€48k€52k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€214k€177k▼
Amounts payable after more than one year17€102k€73k▼
Financial debts170/4€102k€73k▼
Amounts payable within one year42/48€96k€103k▲
Current portion of amounts payable after more than one year42€10k€19k▲
Trade debts44€47k€33k▼
Suppliers440/4€47k€33k▼
Taxes, remuneration and social security45€39k€49k▲
Taxes450/3€13k€11k▼
Remuneration and social security454/9€26k€37k▲
Other amounts payable47/48€761€1k▲
Accrued charges and deferred income492/3€17k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€292k€341k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€36k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€337k€393k▲
Operating profit (loss)9901€8k€13k▲
Financial income75/76B€28€31▲
Recurring financial income75€28€31▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€5k▲
Non-recurring financial charges66B€362€334▼
Profit (loss) for the period before taxes9903€3k€8k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€2k€4k▲
Profit (loss) for the period to be appropriated9905€2k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€4k▼
Profit (loss) brought forward from the previous period14P€46k€0▼
Transfer to equity691/2€48k€4k▼
To other reserves6921€48k€4k▼
The notes to these accounts (10 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
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €2k ▼96.3%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Langemark-Poelkapelle · 1 establishment unit since 2021
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.
Provincieweg 28920 Langemark-PoelkapelleGround area
1,121 m²
Building footprint
353 m²
Volume, LiDAR
2,461 m³
Parcel 33002B0118/00T000, Flanders · tallest building 13.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steenstraete
since 20212.325.262.323
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33002B0118/00T000 | Flanders | 1,121 m² | 1 · 353 m² | 13.1 m · 2 fl. |
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
2024 to 2025 · 2 entries · 4,831 EUR awarded · 4,831 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,565 EUR | 2,565 EUR |
| 2024 | 1 | 2,266 EUR | 2,266 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLangemark-Poelkapelle2.325.262.323
Similar companies · same sector, comparable size
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BE 0478.385.687
Etalle · Eq €56,965
T COMME TERRINES & TRADITIONS
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YL ENTREPRISE
BE 1012.284.179
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Freshmade ANT
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 9,876 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2021
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.