STEF CONSTRUCTIONS
ActiveSummary
STEF CONSTRUCTIONS has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,992 and a net result of €47,733. Equity has been growing by about 8.5% per year since 2019. Its solvency ranks better than 41% of 5,686 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-12-2016 Normal situation
- Activity
- Other building cleaning and industrial cleaning NACE 81220and 4 others
- Establishment unit
- 2.259.010.135 2830 Willebroek, since 08-12-2016
- Financial year end
- 30 June
- Peppol
- Reachable since 10-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €96,089
- ▲ 144%
- Turnover
- ≈ €300,000
- estimated
- Profit
- €47,733
- ▲ 114%
- Equity
- €74,992
- ▼ 8.6%
- Total assets
- €232,781
- ▲ 32.3%
Score breakdownraises riskSector: Services to buildings and landscape activities (NACE 81)Size: total assets €232,781lowers riskLiquidity: current ratio 1.47, cash €97,453Figures for financial year 2025 (filed on 31-12-2025)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 81, micro). It does better than 40% of them on solvency, 77% on liquidity, 79% on profitability and 24% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-12-2025 PDF all 8 filings
Every figure per financial year
The operating result for 2025 is 141% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €6,883 | €19,819 | €1,065 | €72,294 |
| Financial fixed assets | - | €260 | - | - |
| Depreciation and write-downs of the year | €1,853 | €3,212 | €9,019 | €21,554 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 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 | €1,678 | €559 | - | €1,853 | €3,212 | €9,019 | €21,554 | ▲ 139% |
| Other operating charges640/8 | - | - | - | €128 | €255 | €537 | €2,884 | ▲ 437% |
| Gross operating margin9900 | €48,206 | -€16,842 | €2,683 | €4,663 | €17,241 | €39,344 | €96,089 | ▲ 144% |
| Operating profit (loss)9901 | €46,054 | -€18,019 | €2,032 | €2,682 | €13,774 | €29,788 | €71,651 | ▲ 141% |
| Financial income75/76B | - | - | - | €3 | €1 | €102 | €1 | ▼ 99.3% |
| Recurring financial income75 | €32 | €2,001 | - | €3 | €1 | €102 | €1 | ▼ 99.3% |
| Financial charges65/66B | - | - | - | €1,330 | €3,108 | €488 | €4,745 | ▲ 872% |
| Recurring financial charges65 | €417 | €58 | €1,134 | €1,330 | €3,108 | €488 | €4,745 | ▲ 872% |
| Profit (loss) for the period before taxes9903 | €45,668 | -€16,077 | €897 | €1,355 | €10,667 | €29,402 | €66,907 | ▲ 128% |
| Income taxes67/77 | €12,607 | - | - | - | - | €7,045 | €19,174 | ▲ 172% |
| Profit (loss) for the period9904 | €33,061 | -€16,077 | €897 | €1,355 | €10,667 | €22,356 | €47,733 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €33,061 | -€16,077 | €897 | €1,355 | €10,667 | €22,356 | €47,733 | ▲ 114% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €102,273 | €67,552 | €58,134 | €70,553 | €80,985 | €175,889 | €232,781 | ▲ 32.3% |
| Fixed assets21/28 | €559 | €0 | €0 | €5,029 | €21,896 | €13,942 | €64,683 | ▲ 364% |
| Tangible fixed assets22/27 | €559 | €0 | €0 | €5,029 | €21,636 | €13,682 | €64,423 | ▲ 371% |
| Plant, machinery and equipment23 | - | - | - | €2,103 | €1,142 | €1,128 | €595 | ▼ 47.2% |
| Furniture and vehicles24 | - | - | - | €2,926 | €20,494 | €12,554 | €63,827 | ▲ 408% |
| Financial fixed assets28 | - | - | - | - | €260 | €260 | €260 | = |
| Current assets29/58 | €101,714 | €67,552 | €58,134 | €65,523 | €59,089 | €161,947 | €168,098 | ▲ 3.8% |
| Amounts receivable within one year40/41 | €94,129 | €60,453 | €51,606 | €38,184 | €51,193 | €112,506 | €60,976 | ▼ 45.8% |
| Trade receivables40 | - | - | - | €36,141 | €47,031 | €106,975 | €56,275 | ▼ 47.4% |
| Other amounts receivable41 | - | - | - | €2,042 | €4,162 | €5,531 | €4,701 | ▼ 15.0% |
| Current investments50/53 | €7,585 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €7,098 | €6,161 | €26,728 | €6,637 | €46,447 | €97,453 | ▲ 110% |
| Deferred charges and accrued income490/1 | - | - | - | €611 | €1,259 | €2,994 | €9,669 | ▲ 223% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €102,273 | €67,552 | €58,134 | €70,553 | €80,985 | €175,889 | €232,781 | ▲ 32.3% |
| Equity10/15 | €62,882 | €46,805 | €47,702 | €49,057 | €59,724 | €82,081 | €74,992 | ▼ 8.6% |
| Contributions10/11 | €6,200 | €0 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €56,682 | €56,682 | €56,682 | €56,682 | €56,682 | €77,179 | €68,792 | ▼ 10.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €54,822 | €54,822 | €77,179 | €68,792 | ▼ 10.9% |
| Profit (loss) carried forward14 | - | -€16,077 | -€15,180 | -€13,825 | -€3,158 | -€1,298 | €0 | - |
| Amounts payable17/49 | €39,391 | €20,746 | €10,432 | €21,496 | €21,261 | €93,809 | €157,789 | ▲ 68.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | €56,156 | €43,048 | ▼ 23.3% |
| Financial debts170/4 | - | - | - | - | - | €56,156 | €43,048 | ▼ 23.3% |
| Amounts payable within one year42/48 | €38,910 | €20,746 | €10,232 | €21,296 | €21,061 | €37,653 | €114,400 | ▲ 204% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €12,532 | €13,108 | ▲ 4.6% |
| Trade debts44 | €14,447 | €19,273 | €311 | €10,773 | €1,693 | €4,116 | €37,257 | ▲ 805% |
| Suppliers440/4 | - | - | - | €10,773 | €1,693 | €4,116 | €37,257 | ▲ 805% |
| Taxes, remuneration and social security45 | - | - | - | €0 | €8,037 | €8,800 | €32,627 | ▲ 271% |
| Taxes450/3 | - | - | - | €0 | €37 | €0 | €17,827 | - |
| Remuneration and social security454/9 | - | - | - | €0 | €8,000 | €8,800 | €14,800 | ▲ 68.2% |
| Other amounts payable47/48 | - | - | - | €10,523 | €11,331 | €12,205 | €31,408 | ▲ 157% |
| Accrued charges and deferred income492/3 | - | - | - | €200 | €200 | €0 | €341 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,061 | -€16,077 | €897 | €1,355 | €10,667 | €22,356 | €47,733 | ▲ 114% |
| + Depreciation and write-downs630 | €1,678 | €559 | - | €1,853 | €3,212 | €9,019 | €21,554 | ▲ 139% |
| Operating cash flow (approximation) | €34,739 | -€15,518 | €897 | €3,208 | €13,879 | €31,375 | €69,287 | ▲ 121% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€6,883 | -€20,079 | -€1,065 | -€72,294 | ▼ 6,689% |
| Change in cash | - | - | -€937 | €20,567 | -€20,091 | €39,810 | €51,006 | ▲ 28.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as STEF CONSTRUCTIONS has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of STEF CONSTRUCTIONS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 CONSTRUCTIONS. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-12-2025 | 2025-00592580 | |
| 30-06-2024 | micro format | 27-01-2025 | 2025-00012483 | |
| 30-06-2023 | micro format | 19-12-2023 | 2023-00532628 | |
| 30-06-2022 | micro format | 06-01-2023 | 2023-20555955 | |
| 30-06-2021 | micro format | 10-01-2022 | 2022-00900335 | |
| 30-06-2020 | micro format | 05-01-2021 | 2021-00600129 | |
| 30-06-2019 | micro format | 10-02-2020 | 2020-04800089 | |
| 30-06-2018 | micro format | 02-01-2019 | 2019-00200133 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 05-07-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DOLCESCU STEFAN |
|
| COSTESCU Vasile-Lucian |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering beslist of mandaat bestuurder al dan niet ten kosteloze titel, algemene kosten,los van representatie-,reis-en…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en wanneer ook, recht AV één of meer vereffenaars aan te duiden, bevoegdheden te omlijnen en vergoeding te bepalen”
Articles of association, deed of 05-07-2023 (in Dutch)
Network & group
STEF CONSTRUCTIONS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of STEF CONSTRUCTIONS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-07
Gazette deed
Registered office moved from Brussel to WillebroekNew seat: 2830 Willebroek, IJzerenwegstraat 33 · Previous seat: 1000 Brussel, Mechelsestraat 32 · Resignation: COSTESCU Vasile-Lucian (director)9 points ▸
- Registered-office move, 2830 Willebroek, IJzerenwegstraat 33
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “van rechtswege, eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Capital conversion, “vormen en meerderheden van statutenwijziging, unaniem goedgekeurd” (deed in Dutch)
- Capital
- Registered office clause, “unaniem goedgekeurd, 2830 Willebroek, IJzerenwegstraat 33” (deed in Dutch)
- Other provision, “bevestiging bestuurders na WVV, zaakvoerders ingevolge wet 2019-03-23 tot invoering WVV bestuurders geworden” (deed in Dutch)
- Director resignation, COSTESCU Vasile-Lucian (director)
- Other provision, “unaniem goedgekeurd, kwijting bestuurder uitgesteld” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 1000 Brussel until the act of 05-07-2023
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- Alle activiteiten in verband met algemene bouwwerken alsook alle transformaties die enig verband houden met de bouw, met inbegrip van algemene bouwwerken met coördinatie van werken door onderaannemers, grondwerken, metselwerk en beton, afbraak, aanleg van rioleringen, niet-metalen dakbedekking van gebouwen, waterdicht maken van gebouwen, installatie, elektricien, schrijnwerkerij en timmerwerk, leggen van parket, PVC-schrijnwerk, monteren van sloten en hang- en sluitwerk, monteren van plinten en deuren, monteren van scheidingswanden en valse plafonds, bekleden van wanden en plafonds, monteren van ijzerwerk, monteren van marmerwerk en gehouwen steen. beglazing, sanitair en loodgieterswerk, installatie van waterontharders, installateur van centrale verwarming, gasverwarmimg per afzonderlijk toestel, installatie, onderhoud en reparatie van alle branders, installatie van ventilatie en beluchting van heteluchtverwarming, airconditioning en bekleding van leidingen en kanalen, ommantelen van schoorstenen, betegelen, stukadoren, voegen, leggen van dekvloeren, schilderen, restaureren en reinigen en wassen van gebouwen, gevels en monumenten, thermische en akoestische isolatie, inbouwkasten en keukens, koeling, lichtreclame, aanleg en onderhoud van diverse terreinen, plaatsen van omheiningen en hekken.
- Elke activiteit die verband houdt met de handel in bouwmaterialen;
- Elke activiteit die verband houdt met het vervoer van personen en goederen alsook het ter beschikking stellen van chauffeurs;
- Elke activiteit die verband houdt met industriële assemblage;
- Elke activiteit van reiniging in al haar vormen en ontsmetting van huizen, commerciële en industriële lokalen, openbare ruimten, meubilair, stoffering en diverse voorwerpen en meer bepaald kantoormateriaal. De aankoop, verkoop, in- en uitvoer van alle reinigingsproducten.
- Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met automobielmechanica en carrosserie in de ruimste zin, de verkoop en aankoop van alle nieuwe of gebruikte voertuigen of afgeleide producten zoals caravans, aanhangwagens, motorfietsen, enzovoort, de marketing en fabricage van accessoires en reserveonderdelen voor voertuigen, de verkoop van brandstoffen en producten van alle aard voor gebruik in motorvoertuigen en afgeleide producten, alsook de activiteit van commerciële tussenpersoon, handelaar en agent.
- Alle activiteiten die verband houden met de nacht- en dagactiviteit, de exploitatie van alle hotels, pensions, gîtes, restaurants, tavernes, cafés, snackbars, bars, wijnbars, discotheken enz; catering en afhaalmaaltijden; organisatie van banketten;
- Verkoop en aankoop, groot- en kleinhandel, import, export van alle voedingsproducten en dranken, alle naterialen en gebruiksvoorwerpen die verband houden met de HORECA-sector; Ontwerp, organisatie en realisatie van officiële, sociale en evenementenrecepties;
- Elke HORECA-activiteit, met inbegrip van consultancy en dienstverlening in de sector. De aankoop, verkoop, verkaveling, verhuur, exploitatie, bouw, renovatie, ontwikkeling en beheer van alle onroerende goederen en alle onroerende rechten en, in het algemeen, de uitvoering van alle vastgoedverrichtingen uitsluitend voor eigen rekening. Het vermogen van de vennootschap kan gratis of tegen vergoeding ter beschikking worden gesteld van de zaakvoerder of van één of meer leden van de raad van bestuur.
- De vennootschap kan ook bestuurs- of beheersfuncties in andere vennootschappen uitoefenen, alsmede vertaalfuncties.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0667.532.224
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
9 categories- D1 All shell construction and roofing-in of buildingsclass 1, up to €162,000
- D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
- D10 Tilingclass 1, up to €162,000
- D11 Plastering and renderingclass 1, up to €162,000
- D13 Paintingclass 1, up to €162,000
- D21 Cleaning and restoring facadesclass 1, up to €162,000
- D24 Restoration of monumentsclass 1, up to €162,000
- D25 Wall and floor coverings other than marble, parquet and tilesclass 1, up to €162,000
Show all 9 categories
- D29 Floor screeds and industrial floor coveringsclass 1, up to €162,000
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12040A0731/00A003 | Flanders | 116 m² | 1 · 72 m² | 10.2 m · 1 |