Stef 20 Construct
ActiveSummary
The computed 12-month bankruptcy probability of Stef 20 Construct is 5.9% (elevated). The 2024 annual accounts show equity of €113k and a net result of €15k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 9982 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-3
Solvency78▲+4
Growth52=
Track record84
Bankruptcy probability, 12 months
5.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.57 against 1.37 in 2023; short-term debt: 46.7% and cash: 15.7% of total assets), and 46.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
91 d late
2022
98 d late
2021
105 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Financials · fiscal year 2024, micro schema
Equity
€113k▲ 15.4%
2023 · €98k
2021: €50klowest in 4 years
2022: €79k▲ +56.6% vs 2021
2023: €98k▲ +24.9% vs 2022
2024: €113k▲ +15.4% vs 2023highest in 4 years
2021 → 2024
Total assets
€213k▲ 5.2%
2023 · €202k
2021: €66klowest in 4 years
2022: €262k▲ +297% vs 2021highest in 4 years
2023: €202k▼ -22.9% vs 2022
2024: €213k▲ +5.2% vs 2023
2021 → 2024
Net result
€15k▼ 22.9%
2023 · €20k
2021: €49khighest in 4 years
2022: €28k▼ -42.1% vs 2021
2023: €20k▼ -31.1% vs 2022
2024: €15k▼ -22.9% vs 2023lowest in 4 years
2021 → 2024
Working capital
€56k▲ 47.0%
2023 · €38k
2021: €22klowest in 4 years
2022: €31k▲ +43.3% vs 2021
2023: €38k▲ +23.9% vs 2022
2024: €56k▲ +47.0% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€50k-€79k▲ 56.6%€98k▲ 24.9%€113k▲ 15.4%
2021: €50klowest in 4 years
2022: €79k▲ +56.6% vs 2021
2023: €98k▲ +24.9% vs 2022
2024: €113k▲ +15.4% vs 2023highest in 4 years
Operating result€64k-€38k▼ 41.2%€30k▼ 21.6%€24k▼ 20.5%
2021: €64khighest in 4 years
2022: €38k▼ -41.2% vs 2021
2023: €30k▼ -21.6% vs 2022
2024: €24k▼ -20.5% vs 2023lowest in 4 years
Net result€49k-€28k▼ 42.1%€20k▼ 31.1%€15k▼ 22.9%
2021: €49khighest in 4 years
2022: €28k▼ -42.1% vs 2021
2023: €20k▼ -31.1% vs 2022
2024: €15k▼ -22.9% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 20% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213k
Fixed assets
€57k ▼ 4.9%
Current assets
€156k ▲ 9.4%
Equity and liabilities €213k
Equity
€113k ▲ 15.4%
Debt
€99k ▼ 4.5%
Debt's share of the balance-sheet total falls from 51.4% to 46.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49k▼
2023 · €51k
Cash flow
€41k▼
2023 · €41k
Current ratio
1.57▲
2023 · 1.37
Quick ratio
0.79▼
2023 · 1.37
Debt to equity
0.88▼
2023 · 1.06
ROE
13.3%▼
2023 · 19.9%
ROA
7.1%▼
2023 · 9.7%
Interest coverage
203.69▲
2023 · 176.40
Debt ≤ 1 year
€99k▼
2023 · €104k
Income taxes
€9k▼
2023 · €10k
Staff costs
€1k▼
2023 · €1k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€202k€213k▲
Fixed assets21/28€60k€57k▼
Tangible fixed assets22/27€59k€56k▼
Plant, machinery and equipment23€2k€735▼
Furniture and vehicles24€57k€56k▼
Financial fixed assets28€486€707▲
Current assets29/58€142k€156k▲
Amounts receivable after more than one year29€107k€16k▼
Other amounts receivable291€107k€16k▼
Stocks and contracts in progress3-€77k
Contracts in progress37-€77k
Amounts receivable within one year40/41€4k€7k▲
Trade receivables40€3k€7k▲
Other amounts receivable41€2k-
Cash at bank and in hand54/58€29k€33k▲
Deferred charges and accrued income490/1€2k€22k▲
Equity and liabilities
Total equity and liabilities10/49€202k€213k▲
Equity10/15€98k€113k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€97k€112k▲
Amounts payable17/49€104k€99k▼
Amounts payable within one year42/48€104k€99k▼
Trade debts44€85k€82k▼
Suppliers440/4€85k€82k▼
Taxes, remuneration and social security45€19k€17k▼
Taxes450/3€19k€17k▼
Income statement
Code20232024
Remuneration, social security and pensions62€1k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€26k▲
Other operating charges640/8€15k€3k▼
Gross operating margin9900€67k€54k▼
Operating profit (loss)9901€30k€24k▼
Financial income75/76B€238€471▲
Recurring financial income75€238€471▲
Financial charges65/66B€289€242▼
Recurring financial charges65€289€242▼
Profit (loss) for the period before taxes9903€29k€24k▼
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€20k€15k▼
Profit (loss) for the period to be appropriated9905€20k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€97k€112k▲
Profit (loss) brought forward from the previous period14P€77k€97k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €795 | €418 | €1k | €1k | ▼ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €12k | €21k | €26k | ▲ 19.9% |
| Other operating charges640/8 | €2k | €3k | €15k | €3k | ▼ 77.0% |
| Non-recurring operating charges66A | - | €1k | - | - | - |
| Gross operating margin9900 | €71k | €54k | €67k | €54k | ▼ 20.0% |
| Operating profit (loss)9901 | €64k | €38k | €30k | €24k | ▼ 20.5% |
| Financial income75/76B | - | €217 | €238 | €471 | ▲ 97.6% |
| Recurring financial income75 | - | €217 | €238 | €471 | ▲ 97.6% |
| Financial charges65/66B | €179 | €129 | €289 | €242 | ▼ 16.4% |
| Recurring financial charges65 | €179 | €129 | €289 | €242 | ▼ 16.4% |
| Profit (loss) for the period before taxes9903 | €64k | €38k | €29k | €24k | ▼ 19.5% |
| Income taxes67/77 | €15k | €9k | €10k | €9k | ▼ 12.9% |
| Profit (loss) for the period9904 | €49k | €28k | €20k | €15k | ▼ 22.9% |
| Profit (loss) for the period to be appropriated9905 | €49k | €28k | €20k | €15k | ▼ 22.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €66k | €262k | €202k | €213k | ▲ 5.2% |
| Fixed assets21/28 | €29k | €48k | €60k | €57k | ▼ 4.9% |
| Tangible fixed assets22/27 | €28k | €48k | €59k | €56k | ▼ 5.3% |
| Plant, machinery and equipment23 | €7k | €4k | €2k | €735 | ▼ 65.6% |
| Furniture and vehicles24 | €22k | €43k | €57k | €56k | ▼ 3.0% |
| Financial fixed assets28 | €223 | €165 | €486 | €707 | ▲ 45.5% |
| Current assets29/58 | €37k | €215k | €142k | €156k | ▲ 9.4% |
| Amounts receivable after more than one year29 | - | - | €107k | €16k | ▼ 84.6% |
| Other amounts receivable291 | - | - | €107k | €16k | ▼ 84.6% |
| Stocks and contracts in progress3 | - | - | - | €77k | - |
| Contracts in progress37 | - | - | - | €77k | - |
| Amounts receivable within one year40/41 | €18k | €50k | €4k | €7k | ▲ 51.7% |
| Trade receivables40 | €18k | €15k | €3k | €7k | ▲ 139% |
| Other amounts receivable41 | €315 | €35k | €2k | - | - |
| Cash at bank and in hand54/58 | €12k | €158k | €29k | €33k | ▲ 13.6% |
| Deferred charges and accrued income490/1 | €7k | €7k | €2k | €22k | ▲ 1,366% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €66k | €262k | €202k | €213k | ▲ 5.2% |
| Equity10/15 | €50k | €79k | €98k | €113k | ▲ 15.4% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €49k | €77k | €97k | €112k | ▲ 15.5% |
| Amounts payable17/49 | €16k | €184k | €104k | €99k | ▼ 4.5% |
| Amounts payable within one year42/48 | €16k | €184k | €104k | €99k | ▼ 4.5% |
| Trade debts44 | €553 | €136k | €85k | €82k | ▼ 2.6% |
| Suppliers440/4 | €553 | €136k | €85k | €82k | ▼ 2.6% |
| Taxes, remuneration and social security45 | €15k | €36k | €19k | €17k | ▼ 12.7% |
| Taxes450/3 | €15k | €36k | €19k | €17k | ▼ 12.7% |
| Other amounts payable47/48 | €498 | €11k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €28k | €20k | €15k | ▼ 22.9% |
| + Depreciation and write-downs630 | €5k | €12k | €21k | €26k | ▲ 19.9% |
| Operating cash flow (approximation) | €54k | €40k | €41k | €41k | ▼ 0.5% |
| Investment in fixed assets (approximation) | - | €-31k | €-34k | €-23k | ▲ 32.1% |
| Change in cash | - | €146k | €-129k | €4k | ▲ 103% |
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
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
22-08
KBO administration
Address strikeout annulled
08-08
KBO administration
Address struck
2024
31-12
Financial
Weakest financial yearnet €15k ▼22.9%
Net result drops to €15k, the lowest in the series.
31-12
Financial
Equity above €100kEq €113k ▲15.4%
4 profitable years in a row build equity to €113k.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
13-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 105 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Halle · 1 establishment unit since 2020
Ground area
642 m²
Building footprint
173 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20202.305.387.518
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23043B0554/00L024 | Flanders | 490 m² | 1 · 94 m² | - |
| 23069A0140/00M004 | Flanders | 152 m² | 1 · 79 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,025 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
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.