Stef-Fun
ActiveSummary
Stef-Fun has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€427,138) and a net result of -€412,167. Equity is shrinking by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-11
Solvency0▼-22
Growth55=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.71 in 2024; cash: 44.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€427,138
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 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
6 d early
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€53,000▲ 86.0%
2020 · €28,500
EBIT margin
49.2%▲ 55.9pp
2020 · -6.7%
Net result
-€412,167▼ 1,008%
2024 · -€37,211
Working capital
-€427,132▼ 211%
2024 · -€137,266
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€53,000
Operating result-€8,458▼ 340%€26,054-€11,661-€32,696▼ 180%-€318,332▼ 874%
Net result-€6,287▼ 62.4%€17,034-€15,918-€37,211▼ 134%-€412,167▼ 1,008%
EBIT margin49.2%
Equity€21,123▼ 22.9%€38,157▲ 80.6%€22,239▼ 41.7%-€14,971-€427,138▼ 2,753%
Total assets€466,425▲ 35.2%€577,262▲ 23.8%€633,416▲ 9.7%€584,555▼ 7.7%€12,252▼ 97.9%
Debt€445,302▲ 40.2%€539,105▲ 21.1%€611,177▲ 13.4%€599,527▼ 1.9%€439,391▼ 26.7%
Working capital-€11,164▼ 260%€4,642-€15,610-€137,266▼ 779%-€427,132▼ 211%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €318,332 in 2025 against €32,696 in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Current ratio
0.03▼
2024 · 0.71
Debt to equity
-1.03▲
2024 · -40.04
Debt ≤ 1 year
€439,385▼
2024 · €467,180
A ratio outside any meaningful range has been withheld (balance sheet total €12,252, equity -€427,138).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €53,000 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €156,759 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €12,870 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,626 | €12,626 | €12,626 | €12,626 | - | - |
| Other operating charges640/8 | - | €1,450 | €832 | €1,635 | €493,534 | ▲ 30,083% |
| Gross operating margin9900 | €5,631 | €40,130 | €1,797 | -€18,435 | €175,202 | ▲ 1,050% |
| Operating profit (loss)9901 | -€8,458 | €26,054 | -€11,661 | -€32,696 | -€318,332 | ▼ 874% |
| Financial income75/76B | - | €23 | - | - | - | - |
| Recurring financial income75 | €7,788 | €23 | - | - | - | - |
| Financial charges65/66B | - | €5,213 | €4,885 | €4,515 | €93,835 | ▲ 1,979% |
| Recurring financial charges65 | €5,617 | €5,213 | €4,885 | €4,515 | €2,435 | ▼ 46.1% |
| Non-recurring financial charges66B | - | - | - | - | €91,400 | - |
| Profit (loss) for the period before taxes9903 | -€6,287 | €20,864 | -€16,546 | -€37,211 | -€412,167 | ▼ 1,008% |
| Income taxes67/77 | - | €3,830 | -€628 | - | - | - |
| Profit (loss) for the period9904 | -€6,287 | €17,034 | -€15,918 | -€37,211 | -€412,167 | ▼ 1,008% |
| Profit (loss) for the period to be appropriated9905 | -€6,287 | €17,034 | -€15,918 | -€37,211 | -€412,167 | ▼ 1,008% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466,425 | €577,262 | €633,416 | €584,555 | €12,252 | ▼ 97.9% |
| Fixed assets21/28 | €211,118 | €198,492 | €185,867 | €254,641 | - | - |
| Tangible fixed assets22/27 | €201,118 | €188,492 | €175,867 | €163,241 | - | - |
| Land and buildings22 | - | €188,492 | €175,867 | €163,241 | - | - |
| Financial fixed assets28 | €10,000 | €10,000 | €10,000 | €91,400 | - | - |
| Current assets29/58 | €255,307 | €378,770 | €447,550 | €329,915 | €12,252 | ▼ 96.3% |
| Amounts receivable within one year40/41 | €253,396 | €378,676 | €445,834 | €329,650 | €6,752 | ▼ 98.0% |
| Trade receivables40 | - | €46,518 | €27,085 | €25,085 | €6,713 | ▼ 73.2% |
| Other amounts receivable41 | - | €332,158 | €418,749 | €304,565 | €39 | ▼ 100.0% |
| Cash at bank and in hand54/58 | €1,833 | - | €1,612 | €264 | €5,402 | ▲ 1,944% |
| Deferred charges and accrued income490/1 | - | €94 | €104 | - | €99 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466,425 | €577,262 | €633,416 | €584,555 | €12,252 | ▼ 97.9% |
| Equity10/15 | €21,123 | €38,157 | €22,239 | -€14,971 | -€427,138 | ▼ 2,753% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €12,680 | €19,557 | €17,697 | €17,697 | €17,697 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | €24 | €24 | €24 | €24 | = |
| Distributable reserves133 | - | €17,673 | €17,673 | €17,673 | €17,673 | = |
| Profit (loss) carried forward14 | -€10,157 | - | -€14,058 | -€51,268 | -€463,435 | ▼ 804% |
| Amounts payable17/49 | €445,302 | €539,105 | €611,177 | €599,527 | €439,391 | ▼ 26.7% |
| Amounts payable after more than one year17 | €178,081 | €163,250 | €148,017 | €132,347 | - | - |
| Financial debts170/4 | - | €163,250 | €148,017 | €132,347 | - | - |
| Amounts payable within one year42/48 | €266,471 | €374,128 | €463,160 | €467,180 | €439,385 | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | - | €16,040 | €15,233 | €15,670 | - | - |
| Financial debts43 | - | €349,500 | €413,500 | €413,500 | €387,880 | ▼ 6.2% |
| Other loans439 | - | €349,500 | €413,500 | €413,500 | €387,880 | ▼ 6.2% |
| Trade debts44 | €1,031 | €1,262 | €784 | €177 | €322 | ▲ 81.2% |
| Suppliers440/4 | - | €1,262 | €784 | €177 | €322 | ▲ 81.2% |
| Taxes, remuneration and social security45 | - | €3,830 | €1,991 | €2,360 | €2,609 | ▲ 10.5% |
| Taxes450/3 | - | €3,830 | €1,991 | €2,360 | €2,609 | ▲ 10.5% |
| Other amounts payable47/48 | - | €3,497 | €31,652 | €35,472 | €48,574 | ▲ 36.9% |
| Accrued charges and deferred income492/3 | - | €1,727 | - | - | €6 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,287 | €17,034 | -€15,918 | -€37,211 | -€412,167 | ▼ 1,008% |
| + Depreciation and write-downs630 | €12,626 | €12,626 | €12,626 | €12,626 | - | - |
| Operating cash flow (approximation) | €6,339 | €29,660 | -€3,292 | -€24,585 | -€412,167 | ▼ 1,576% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€81,400 | - | - |
| Change in cash | - | - | - | -€1,347 | €5,138 | ▲ 481% |
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
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€412,167
Net result drops to -€412,167, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Back to profitnet €17,034
Net result €17,034 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Sint-Truiden · 1 establishment unit since 2009
Ground area
1,470 m²
Building footprint
637 m²
Volume, LiDAR
4,162 m³
Parcel 71009A0203/00T003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Stef-Fun
since 20092.175.612.307
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009A0203/00T003 | Flanders | 1,470 m² | 1 · 637 m² | 10.0 m · 2 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.
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Of 2,147 companies in sector 71209 we hold annual accounts for 1,087. 660 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
Founded22-12-2008
Fiscal year end30-06
Activities, NACEBEL 2025
71209Other technical testing and analysis
68310Real estate agency activities
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.