Equity
€131,525 ▲ 16.1%
Stef 20 Construct has made a profit in every financial year since 2021.
Stef 20 Construct
Lifetime
5 annual accounts with figures on one time axispeak €71,132 (2021)
€55,887▲ 3.6%
peak €49,072 (2021)
€18,267▲ 21.2%
peak €131,525 (2025)
€131,525▲ 16.1%
€145,115▲ 46.1%
Board3 names since 2020
1 directorPanainte Vasile
Documentsfilings and deeds
18-10-202679 days late
2025micro format
Address struck 08-08Address strikeout annulled 22-08Registered office moved from Sint-Pieters-Leeuw to Lembeek 04-07Equity from €113,258 to €131,525Debts from €99,301 to €145,115Cash from €33,424 to €20,852
Key points
from the 2025 annual accountsChecked score
33
Weak
Financially stronger than 50% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
9.8% Elevated
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 10 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 3.0%● unchanged vs 12-2024lowest value
02-2025: 3.0%● unchanged vs 01-2025lowest value
03-2025: 3.0%● unchanged vs 02-2025lowest value
04-2025: 3.0%● unchanged vs 03-2025
05-2025: 3.1%▲ +0.1 percentage points vs 04-2025
06-2025: 3.2%▲ +0.1 percentage points vs 05-2025
07-2025: 3.2%● unchanged vs 06-2025
08-2025: 5.9%▲ +2.7 percentage points vs 07-2025
09-2025: 11.5%▲ +5.6 percentage points vs 08-2025
10-2025: 15.6%▲ +4.1 percentage points vs 09-2025highest value
11-2025: 7.5%▼ -8.1 percentage points vs 10-2025
12-2025: 7.5%● unchanged vs 11-2025
01-2026: 7.5%● unchanged vs 12-2025
02-2026: 7.5%● unchanged vs 01-2026
03-2026: 7.5%● unchanged vs 02-2026
04-2026: 7.7%▲ +0.2 percentage points vs 03-2026
05-2026: 8.2%▲ +0.5 percentage points vs 04-2026
06-2026: 8.1%▼ -0.1 percentage points vs 05-2026
07-2026: 8.1%● unchanged vs 06-2026
08-2026: 9.6%▲ +1.5 percentage points vs 07-2026
09-2026: 10.6%▲ +1.0 percentage point vs 08-2026
10-2026: 9.8%▼ -0.8 percentage points vs 09-2026
11-2026: 9.8%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 79 days late; 3 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: total assets €276,640
Ex-officio strike-off in the KBO
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 56% of them on solvency, 28% on liquidity, 56% on profitability and 60% 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 elevated class on 30-06-2025, 6.3% 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, 26,972 companies had the same profile as Stef 20 Construct has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Stef 20 Construct itself is higher: 9.8% within 12 months. It rests on far more data about Stef 20 Construct than the profile alone.
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 26,972 companies, not a prediction for Stef 20 Construct. 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 €4,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.82 (1.57 in 2024), above the usual 1.5. Short-term debt is 52.5% and cash 7.5% of total assets. However, 52.5% 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
Six signals.
raises risk
raises risk · 2025 accounts filed 79 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-10-2026, 79 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
79 days late
2024
68 days late
2023
91 days late
2022
98 days late
2021
105 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 88 days after 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.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 2 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Searched, nothing found (1)
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 31 October (5 of the last 5 accounts filed within 30 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 0208:0750511764
Address strikeout annulled
KBO administration
Address struck
KBO administration
Registered office moved from Sint-Pieters-Leeuw to Lembeek
New registered office: Populierenstraat 61 te 1502 Lembeek · Previous registered office: Reystraat 27, 1601 Sint Pieters Leeuw · Resignations: Girnet lonica (director) and Girnet Anisoara (director) · General meeting of 30-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Stef 20 Construct Halle | €276,640 | €55,887 | 47.5% | - |
| TENDANCE PEINTURE Asse | €271,915 | €52,445 | 21.3% | - |
| JM CONSTRUCT Pajottegem | €265,688 | €61,661 | 54.4% | - |
| VERWEE Projects Wemmel | €310,236 | €53,443 | 81.9% | - |
| Poll Kopp Construction Grimbergen | €263,499 | €50,968 | 27.6% | - |
| JYVALAGO Grimbergen | €232,353 | €58,592 | 40.8% | - |
| LD CONSTRUCT Wezembeek-Oppem | €256,043 | €66,338 | 28.9% | - |
These companies have the same main activity as Stef 20 Construct: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €232,000 and €310,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 10-07-2020Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.305.387.518since 10-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 05-09-2025
Insights on Stef 20 Construct
Stef 20 Construct files the micro format. That format states no turnover. The gross margin fell from €71,132 in 2021 to €55,887 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 Stef 20 Construct
- What is the company number of Stef 20 Construct?
- The company number of Stef 20 Construct is 0750.511.764. The VAT number is the same number with BE in front: BE 0750.511.764.
- Where is Stef 20 Construct based?
- The registered office is at Populierenstraat 61, 1502 Halle.Company details
- What does Stef 20 Construct do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Stef 20 Construct?
- Stef 20 Construct is a private limited company (BV).
- When was Stef 20 Construct founded?
- Stef 20 Construct was founded on 10-07-2020.
- Is Stef 20 Construct still active?
- Yes, Stef 20 Construct is an active enterprise in the KBO register.
- What is the turnover of Stef 20 Construct?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €55,887 and 111 comparable companies (NACE 41001). It probably lies between €210,000 and €480,000.Financials
- Is Stef 20 Construct profitable?
- In financial year 2025, Stef 20 Construct made a profit of €18,267.
- Where can I find the annual accounts of Stef 20 Construct?
- Stef 20 Construct filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Stef 20 Construct due?
- Stef 20 Construct 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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