STEF CONSTRUCTIONS
ActiveSummary
STEF CONSTRUCTIONS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €48k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+9
Solvency57▼-15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 4.3 in 2024; short-term debt: 49.1% and cash: 41.9% of total assets), and 67.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.2%
Return on assets
20.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
33 d early
2024
4 d early
2023
43 d early
2022
25 d early
2021
21 d early
2020
26 d early
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
2022: €0highest in 3 years
2023: €0highest in 3 years
2024: €0highest in 3 years
2022 → 2024
Total assets
€233k▲ 32.3%
2024 · €176k
2019: €102k
2020: €68k▼ -33.9% vs 2019
2021: €58k▼ -13.9% vs 2020lowest in 7 years
2022: €71k▲ +21.4% vs 2021
2023: €81k▲ +14.8% vs 2022
2024: €176k▲ +117% vs 2023
2025: €233k▲ +32.3% vs 2024highest in 7 years
2019 → 2025
Net result
€48k▲ 114%
2024 · €22k
2019: €33k
2020: €-16k▼ -149% vs 2019lowest in 7 years
2021: €897▲ +106% vs 2020
2022: €1k▲ +51.0% vs 2021
2023: €11k▲ +687% vs 2022
2024: €22k▲ +110% vs 2023
2025: €48k▲ +114% vs 2024highest in 7 years
2019 → 2025
Working capital
€54k▼ 56.8%
2024 · €124k
2019: €63k
2020: €47k▼ -25.5% vs 2019
2021: €48k▲ +2.3% vs 2020
2022: €44k▼ -7.7% vs 2021
2023: €38k▼ -14.0% vs 2022lowest in 7 years
2024: €124k▲ +227% vs 2023highest in 7 years
2025: €54k▼ -56.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€0€0
2022: €0highest in 3 years
2023: €0highest in 3 years
2024: €0highest in 3 years
Equity€48k-€49k▲ 2.8%€60k▲ 21.7%€82k▲ 37.4%€75k▼ 8.6%
2021: €48klowest in 5 years
2022: €49k▲ +2.8% vs 2021
2023: €60k▲ +21.7% vs 2022
2024: €82k▲ +37.4% vs 2023highest in 5 years
2025: €75k▼ -8.6% vs 2024
Operating result€2k-€3k▲ 32.0%€14k▲ 414%€30k▲ 116%€72k▲ 141%
2021: €2klowest in 5 years
2022: €3k▲ +32.0% vs 2021
2023: €14k▲ +414% vs 2022
2024: €30k▲ +116% vs 2023
2025: €72k▲ +141% vs 2024highest in 5 years
Net result€897-€1k▲ 51.0%€11k▲ 687%€22k▲ 110%€48k▲ 114%
2021: €897lowest in 5 years
2022: €1k▲ +51.0% vs 2021
2023: €11k▲ +687% vs 2022
2024: €22k▲ +110% vs 2023
2025: €48k▲ +114% vs 2024highest in 5 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 risen four years in a row; 2025 is 141% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233k
Fixed assets
€65k ▲ 364%
Current assets
€168k ▲ 3.8%
Equity and liabilities €233k
Equity
€75k ▼ 8.6%
Debt
€158k ▲ 68.2%
Debt's share of the balance-sheet total rises from 53.3% to 67.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€93k▲
2024 · €39k
Cash flow
€69k▲
2024 · €31k
Current ratio
1.47▼
2024 · 4.30
Debt to equity
2.10▲
2024 · 1.14
ROE
63.7%▲
2024 · 27.2%
ROA
20.5%▲
2024 · 12.7%
Interest coverage
19.64▼
2024 · 79.51
Debt ≤ 1 year
€114k▲
2024 · €38k
Debt > 1 year
€43k▼
2024 · €56k
Income taxes
€19k▲
2024 · €7k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€176k€233k▲
Fixed assets21/28€14k€65k▲
Tangible fixed assets22/27€14k€64k▲
Plant, machinery and equipment23€1k€595▼
Furniture and vehicles24€13k€64k▲
Financial fixed assets28€260€260=
Current assets29/58€162k€168k▲
Amounts receivable within one year40/41€113k€61k▼
Trade receivables40€107k€56k▼
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€46k€97k▲
Deferred charges and accrued income490/1€3k€10k▲
Equity and liabilities
Total equity and liabilities10/49€176k€233k▲
Equity10/15€82k€75k▼
Contributions10/11€6k€6k=
Reserves13€77k€69k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€77k€69k▼
Profit (loss) carried forward14€-1k€0▲
Amounts payable17/49€94k€158k▲
Amounts payable after more than one year17€56k€43k▼
Financial debts170/4€56k€43k▼
Amounts payable within one year42/48€38k€114k▲
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44€4k€37k▲
Suppliers440/4€4k€37k▲
Taxes, remuneration and social security45€9k€33k▲
Taxes450/3€0€18k▲
Remuneration and social security454/9€9k€15k▲
Other amounts payable47/48€12k€31k▲
Accrued charges and deferred income492/3€0€341▲
Income statement
Code20242025
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€22k▲
Other operating charges640/8€537€3k▲
Gross operating margin9900€39k€96k▲
Operating profit (loss)9901€30k€72k▲
Financial income75/76B€102€1▼
Recurring financial income75€102€1▼
Financial charges65/66B€488€5k▲
Recurring financial charges65€488€5k▲
Profit (loss) for the period before taxes9903€29k€67k▲
Income taxes67/77€7k€19k▲
Profit (loss) for the period9904€22k€48k▲
Profit (loss) for the period to be appropriated9905€22k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€46k▲
Profit (loss) brought forward from the previous period14P€-3k€-1k▲
Transfer from equity791/2€2k€55k▲
Transfer to equity691/2€22k€46k▲
To other reserves6921€22k€46k▲
Profit to be distributed694/7-€55k
Return on contributions (dividend)694-€55k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €0 | €0 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | €0 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2k | €3k | €9k | €22k | ▲ 139% |
| Other operating charges640/8 | - | €128 | €255 | €537 | €3k | ▲ 437% |
| Gross operating margin9900 | €3k | €5k | €17k | €39k | €96k | ▲ 144% |
| Operating profit (loss)9901 | €2k | €3k | €14k | €30k | €72k | ▲ 141% |
| Financial income75/76B | - | €3 | €1 | €102 | €1 | ▼ 99.3% |
| Recurring financial income75 | - | €3 | €1 | €102 | €1 | ▼ 99.3% |
| Financial charges65/66B | - | €1k | €3k | €488 | €5k | ▲ 872% |
| Recurring financial charges65 | €1k | €1k | €3k | €488 | €5k | ▲ 872% |
| Profit (loss) for the period before taxes9903 | €897 | €1k | €11k | €29k | €67k | ▲ 128% |
| Income taxes67/77 | - | - | - | €7k | €19k | ▲ 172% |
| Profit (loss) for the period9904 | €897 | €1k | €11k | €22k | €48k | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €897 | €1k | €11k | €22k | €48k | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58k | €71k | €81k | €176k | €233k | ▲ 32.3% |
| Fixed assets21/28 | €0 | €5k | €22k | €14k | €65k | ▲ 364% |
| Tangible fixed assets22/27 | €0 | €5k | €22k | €14k | €64k | ▲ 371% |
| Plant, machinery and equipment23 | - | €2k | €1k | €1k | €595 | ▼ 47.2% |
| Furniture and vehicles24 | - | €3k | €20k | €13k | €64k | ▲ 408% |
| Financial fixed assets28 | - | - | €260 | €260 | €260 | = |
| Current assets29/58 | €58k | €66k | €59k | €162k | €168k | ▲ 3.8% |
| Amounts receivable within one year40/41 | €52k | €38k | €51k | €113k | €61k | ▼ 45.8% |
| Trade receivables40 | - | €36k | €47k | €107k | €56k | ▼ 47.4% |
| Other amounts receivable41 | - | €2k | €4k | €6k | €5k | ▼ 15.0% |
| Cash at bank and in hand54/58 | €6k | €27k | €7k | €46k | €97k | ▲ 110% |
| Deferred charges and accrued income490/1 | - | €611 | €1k | €3k | €10k | ▲ 223% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58k | €71k | €81k | €176k | €233k | ▲ 32.3% |
| Equity10/15 | €48k | €49k | €60k | €82k | €75k | ▼ 8.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €57k | €57k | €57k | €77k | €69k | ▼ 10.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €55k | €55k | €77k | €69k | ▼ 10.9% |
| Profit (loss) carried forward14 | €-15k | €-14k | €-3k | €-1k | €0 | ▲ 100% |
| Amounts payable17/49 | €10k | €21k | €21k | €94k | €158k | ▲ 68.2% |
| Amounts payable after more than one year17 | - | - | - | €56k | €43k | ▼ 23.3% |
| Financial debts170/4 | - | - | - | €56k | €43k | ▼ 23.3% |
| Amounts payable within one year42/48 | €10k | €21k | €21k | €38k | €114k | ▲ 204% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13k | €13k | ▲ 4.6% |
| Trade debts44 | €311 | €11k | €2k | €4k | €37k | ▲ 805% |
| Suppliers440/4 | - | €11k | €2k | €4k | €37k | ▲ 805% |
| Taxes, remuneration and social security45 | - | €0 | €8k | €9k | €33k | ▲ 271% |
| Taxes450/3 | - | €0 | €37 | €0 | €18k | - |
| Remuneration and social security454/9 | - | €0 | €8k | €9k | €15k | ▲ 68.2% |
| Other amounts payable47/48 | - | €11k | €11k | €12k | €31k | ▲ 157% |
| Accrued charges and deferred income492/3 | - | €200 | €200 | €0 | €341 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €897 | €1k | €11k | €22k | €48k | ▲ 114% |
| + Depreciation and write-downs630 | - | €2k | €3k | €9k | €22k | ▲ 139% |
| Operating cash flow (approximation) | €897 | €3k | €14k | €31k | €69k | ▲ 121% |
| Investment in fixed assets (approximation) | - | €-7k | €-20k | €-1k | €-72k | ▼ 6,689% |
| Change in cash | - | €21k | €-20k | €40k | €51k | ▲ 28.1% |
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
Next filing, fiscal year 2026, expected by
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €48k ▲114%
Operating result €72k, net result €48k, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €897
Net result €897 after one loss-making year.
05-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Willebroek · 1 establishment unit since 2016
Ground area
116 m²
Building footprint
72 m²
Volume, LiDAR
390 m³
Parcel 12040A0731/00A003, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Stef constructions
since 20162.259.010.135
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12040A0731/00A003 | Flanders | 116 m² | 1 · 72 m² | 10.2 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.
Recognitions · licences · registrations
Recognised contractor
9 categoriesSTEF CONSTRUCTIONS BV44434
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Of 7,006 companies in sector 81220 we hold annual accounts for 2,414. 2,024 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)
Founded08-12-2016
Fiscal year end30-06
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
43130Specialised construction activities
43230Insulation installation
43910Bricklaying and masonry work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.