Stef 20 Construct
Annual accounts 2025
micro format, filed on 18-10-2026, 79 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €290,000. Estimated: probably between €210,000 and €480,000.
Balance sheet
balance sheet total €276,640 on 31-12-2025in euro
in euro
Position in the sector
47.5%
Higher than 55% of 9,462 companies in 2025.
1.82
Higher than 53% of 9,210 companies in 2025.
6.6%
Higher than 49% of 9,282 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
276,640 | 212,559 | 202,113 | 262,241 | 66,119 | |
21/28 |
12,454 | 56,981 | 59,901 | 47,728 | 28,668 | |
22/27 |
11,480 | 56,274 | 59,415 | 47,563 | 28,445 | |
23 |
2,281 | 735 | 2,139 | 4,472 | 6,806 | |
24 |
9,199 | 55,539 | 57,276 | 43,091 | 21,639 | |
28 |
974 | 707 | 486 | 165 | 223 | |
29/58 |
264,186 | 155,578 | 142,212 | 214,512 | 37,451 | |
29 |
129,164 | 16,452 | 106,870 | - | - | |
291 |
129,164 | 16,452 | 106,870 | - | - | |
3 |
106,900 | 76,900 | - | - | - | |
37 |
106,900 | 76,900 | - | - | - | |
40/41 |
28 | 6,683 | 4,405 | 49,575 | 18,056 | |
40 |
- | 6,683 | 2,800 | 15,067 | 17,741 | |
41 |
28 | - | 1,605 | 34,508 | 315 | |
54/58 |
20,852 | 33,424 | 29,428 | 158,199 | 12,424 | |
490/1 |
7,242 | 22,119 | 1,509 | 6,739 | 6,971 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
276,640 | 212,559 | 202,113 | 262,241 | 66,119 | |
10/15 |
131,525 | 113,258 | 98,185 | 78,623 | 50,222 | |
10/11 |
1,150 | 1,150 | 1,150 | 1,150 | 1,150 | |
14 |
130,375 | 112,108 | 97,035 | 77,473 | 49,072 | |
17/49 |
145,115 | 99,301 | 103,928 | 183,617 | 15,897 | |
42/48 |
145,115 | 99,301 | 103,928 | 183,617 | 15,897 | |
44 |
86,420 | 82,461 | 84,638 | 136,405 | 553 | |
440/4 |
86,420 | 82,461 | 84,638 | 136,405 | 553 | |
46 |
35,692 | - | - | - | - | |
45 |
20,803 | 16,841 | 19,290 | 35,854 | 14,845 | |
450/3 |
20,803 | 16,841 | 19,290 | 35,854 | 14,845 | |
47/48 |
2,200 | - | - | 11,358 | 498 | |
| Income statement | ||||||
76A |
10,639 | - | - | - | - | |
9900 |
55,887 | 53,965 | 67,449 | 53,907 | 71,132 | |
62 |
671 | 1,187 | 1,197 | 418 | 795 | |
630 |
22,298 | 25,783 | 21,499 | 11,678 | 4,627 | |
640/8 |
4,040 | 3,495 | 15,207 | 2,871 | 1,613 | |
66A |
- | - | - | 1,256 | - | |
9901 |
28,878 | 23,500 | 29,546 | 37,685 | 64,097 | |
75/76B |
114 | 471 | 238 | 217 | - | |
75 |
114 | 471 | 238 | 217 | - | |
65/66B |
149 | 242 | 289 | 129 | 179 | |
65 |
149 | 242 | 289 | 129 | 179 | |
9903 |
28,843 | 23,729 | 29,495 | 37,773 | 63,918 | |
67/77 |
10,577 | 8,656 | 9,933 | 9,372 | 14,845 | |
9904 |
18,267 | 15,073 | 19,562 | 28,401 | 49,072 | |
9905 |
18,267 | 15,073 | 19,562 | 28,401 | 49,072 | |
| Appropriation of the result | ||||||
9906 |
130,375 | 112,108 | 97,035 | 77,473 | 49,072 | |
14P |
112,108 | 97,035 | 77,473 | 49,072 | - | |
| Document | ||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 79 days after the deadline. Filed on 18 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00564855.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-10-2026 | 2026-00564855 | |
| 31-12-2024 | micro format | 07-10-2025 | 2025-00541285 | |
| 31-12-2023 | micro format | 30-10-2024 | 2024-00521324 | |
| 31-12-2022 | micro format | 06-11-2023 | 2023-00506547 | |
| 31-12-2021 | micro format | 13-11-2022 | 2022-20519140 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 51,176 | 49,283 | 51,046 | 49,362 | 68,724 | ||
| 40,564 | 40,856 | 41,061 | 40,079 | 53,700 | ||
| 267 | 22,864 | 58,999 | 46,184 | 33,295 | ||
| -12,572 | 3,996 | -128,770 | 145,775 | - | ||
| 119,071 | 56,277 | 38,285 | 30,895 | 21,555 | ||
| 47.5% | 53.3% | 48.6% | 30.0% | 76.0% | ||
| 1.82 | 1.57 | 1.37 | 1.17 | 2.36 | ||
| 1.08 | 0.79 | 1.37 | 1.17 | 2.36 | ||
| 1.10 | 0.88 | 1.06 | 2.34 | 0.32 | ||
| 13.9% | 13.3% | 19.9% | 36.1% | 97.7% | ||
| 6.6% | 7.1% | 9.7% | 10.8% | 74.2% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €22,643 | €58,678 | €46,184 | €33,072 |
| Financial fixed assets | €267 | €221 | €321 | - | €223 |
| €22,298 | €25,783 | €21,499 | €11,678 | €4,627 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Stef 20 Construct
The operating result for 2025 is 23% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 46.7% to 52.5%. Equity and debt are higher.