STEF OPTICAL
ActiveThe annual accounts of STEF OPTICAL for fiscal year 2024 show a net loss of 63% of the equity at the start of that year. The 2024 annual accounts show equity of €5k and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 15868 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-83
Solvency37▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.72 against 1.06 in 2023; short-term debt: 84.1% and cash: 1.5% of total assets), and 87.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2024Solvency, return and age of the figures
Solvency
12.1%
Return on assets
-20.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
44 d early
2022
26 d early
2021
69 d early
2020
20 d late
2019
62 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€5k▼ 63.5%
2023 · €14k
2018: €39k
2019: €49k
2020: €51k
2021: €-6k
2022: €5k
2023: €14k
2018 → 2024
Total assets
€41k▼ 39.9%
2023 · €69k
2018: €84k
2019: €86k
2020: €86k
2021: €85k
2022: €85k
2023: €69k
2018 → 2024
Net result
€-9k
2023 · €9k
2018: €47k
2019: €10k
2020: €2k
2021: €5k
2022: €11k
2023: €9k
2018 → 2024
Working capital
€-10k
2023 · €3k
2018: €29k
2019: €43k
2020: €48k
2021: €-9k
2022: €651
2023: €3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€51k-€-6k€5k€14k▲ 183%€5k▼ 63.5%
Operating result€3k-€9k▲ 186%€19k▲ 103%€18k▼ 5.3%€-3k
Net result€2k-€5k▲ 193%€11k▲ 128%€9k▼ 19.2%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3k after €18k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €41k
Fixed assets
€16k▼ 4.5%
Current assets
€25k▼ 51.5%
Equity and liabilities €41k
Equity
€5k▼ 63.5%
Debt
€36k▼ 34.1%
The debt ratio rises from 80.2% to 87.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2023 · €18k
Cash flow
€-8k▼
2023 · €9k
Solvency
12.1%▼
2023 · 19.8%
Current ratio
0.72▼
2023 · 1.06
Quick ratio
0.42▼
2023 · 0.70
Debt / equity
7.30▲
2023 · 4.04
ROE
-173.7%▼
2023 · 64.6%
ROA
-20.9%▼
2023 · 12.8%
Interest coverage
-0.50▼
2023 · 5.81
Debt
€36k▼
2023 · €55k
Debt ≤ 1 year
€35k▼
2023 · €49k
Debt > 1 year
€2k▼
2023 · €6k
Income taxes
€2k▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€69k€41k▼
Fixed assets21/28€17k€16k▼
Tangible fixed assets22/27€14k€14k▼
Land and buildings22€13k€13k▼
Plant, machinery and equipment23€1k€749▼
Financial fixed assets28€3k€3k=
Current assets29/58€52k€25k▼
Stocks and contracts in progress3€18k€10k▼
Stocks30/36€18k€10k▼
Amounts receivable within one year40/41€32k€13k▼
Trade receivables40€29k€11k▼
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€0€636▲
Deferred charges and accrued income490/1€2k€887▼
Equity and liabilities
Total equity and liabilities10/49€69k€41k▼
Equity10/15€14k€5k▼
Reserves13€14k€9k▼
Distributable reserves133€14k€9k▼
Profit (loss) carried forward14€0€-4k▼
Amounts payable17/49€55k€36k▼
Amounts payable after more than one year17€6k€2k▼
Financial debts170/4€6k€2k▼
Amounts payable within one year42/48€49k€35k▼
Current portion of amounts payable after more than one year42€4k€5k▲
Financial debts43€17k€3k▼
Credit institutions430/8€17k€3k▼
Trade debts44€11k€15k▲
Suppliers440/4€11k€15k▲
Taxes, remuneration and social security45€17k€11k▼
Taxes450/3€17k€11k▼
Other amounts payable47/48€0€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€535€777▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€0▼
Other operating charges640/8€910€993▲
Gross operating margin9900€20k€-1k▼
Operating profit (loss)9901€18k€-3k▼
Financial income75/76B€97€277▲
Recurring financial income75€97€277▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€15k€-6k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€9k€-9k▼
Profit (loss) for the period to be appropriated9905€9k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-9k▼
Profit (loss) brought forward from the previous period14P€108€0▼
Transfer from equity791/2-€5k
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-9k ▼198%
Net result drops to €-9k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-05
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.
Directors · office · real estate
Directors
7 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, Merelbeke-Melle · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hoogstraat 579820 Merelbeke-MelleGround area
300 m²
Building footprint
75 m²
Volume, LiDAR
355 m³
Parcel 44412B0849/00N000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hoogstraat 57, 9820 Merelbeke-Melle
since 19942.068.135.218
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0849/00N000 | Flanders | 300 m² | 1 · 75 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
A. SERVICES
BE 0424.805.560
Gembloux · Eq €6k
NOUVELLES VISIONS
BE 0443.615.840
Ukkel · Eq €4k
CD²
BE 0741.885.890
Rumes · Eq €4k
A.Martin
BE 0421.250.313
Wavre · Eq €8k
Pre View
BE 0777.258.030
Dendermonde · Eq €10k
Of 250 companies in sector 46432 we hold annual accounts for 171. 31 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-08-1994
Fiscal year end31-12
Activities, NACEBEL
46432Wholesale trade
51473
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.