STEFANO MOERMAN
ActiveSTEFANO MOERMAN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €19k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 85% of 7431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+1
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 2.78 in 2024; short-term debt: 20.6% and cash: 5.3% of total assets), and 22.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
77.6%
Return on assets
17.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
153 d late
2023
27 d late
2022
30 d late
2021
30 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▲ 26.1%
2024 · €67k
2018: €40k
2019: €41k
2020: €37k
2021: €44k
2022: €49k
2023: €64k
2024: €67k
2018 → 2025
Total assets
€109k▲ 1.7%
2024 · €107k
2018: €68k
2019: €83k
2020: €80k
2021: €124k
2022: €124k
2023: €98k
2024: €107k
2018 → 2025
Net result
€19k▲ 4.3%
2024 · €18k
2018: €2k
2019: €2k
2020: €-4k
2021: €7k
2022: €5k
2023: €15k
2024: €18k
2018 → 2025
Working capital
€65k▲ 4.9%
2024 · €62k
2018: €43k
2019: €35k
2020: €34k
2021: €34k
2022: €40k
2023: €69k
2024: €62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€49k▲ 11.4%€64k▲ 30.7%€67k▲ 5.2%€84k▲ 26.1%
Operating result€12k-€7k▼ 42.1%€21k▲ 215%€23k▲ 9.3%€25k▲ 7.7%
Net result€7k-€5k▼ 27.7%€15k▲ 200%€18k▲ 22.5%€19k▲ 4.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€21k▲ 117%
Current assets
€88k▼ 9.9%
Equity and liabilities €109k
Equity
€84k▲ 26.1%
Debt
€24k▼ 39.0%
The debt ratio falls from 37.4% to 22.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2024 · €24k
Cash flow
€22k▲
2024 · €19k
Solvency
77.6%▲
2024 · 62.6%
Current ratio
3.91▲
2024 · 2.78
Quick ratio
3.91▲
2024 · 2.78
Debt / equity
0.29▼
2024 · 0.60
ROE
22.6%▼
2024 · 27.3%
ROA
17.6%▲
2024 · 17.1%
Interest coverage
25.02▼
2024 · 26.30
Debt
€24k▼
2024 · €40k
Debt ≤ 1 year
€22k▼
2024 · €35k
Income taxes
€7k▲
2024 · €7k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€107k€109k▲
Fixed assets21/28€10k€21k▲
Tangible fixed assets22/27€9k€21k▲
Plant, machinery and equipment23€8k€13k▲
Furniture and vehicles24€2k€8k▲
Financial fixed assets28€300€300=
Current assets29/58€97k€88k▼
Amounts receivable after more than one year29€79k€69k▼
Other amounts receivable291€79k€69k▼
Amounts receivable within one year40/41€13k€13k▼
Trade receivables40€13k€11k▼
Other amounts receivable41€375€2k▲
Cash at bank and in hand54/58€5k€6k▲
Deferred charges and accrued income490/1€127-
Equity and liabilities
Total equity and liabilities10/49€107k€109k▲
Equity10/15€67k€84k▲
Contributions10/11€3k€3k=
Reserves13€64k€81k▲
Non-distributable reserves130/1€300€300=
Reserves not available under the articles1311€300€300=
Distributable reserves133€64k€81k▲
Profit (loss) carried forward14€86€173▲
Amounts payable17/49€40k€24k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€35k€22k▼
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€292-
Suppliers440/4€292-
Taxes, remuneration and social security45-€9k
Taxes450/3-€9k
Other amounts payable47/48€28k€6k▼
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Non-recurring operating income76A-€200
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€868€3k▲
Other operating charges640/8€803€865▲
Gross operating margin9900€25k€29k▲
Operating profit (loss)9901€23k€25k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€917€1k▲
Recurring financial charges65€917€1k▲
Profit (loss) for the period before taxes9903€25k€26k▲
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€18k€19k▲
Profit (loss) for the period to be appropriated9905€18k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€19k▲
Profit (loss) brought forward from the previous period14P€79€85▲
Transfer from equity791/2€15k€2k▼
Transfer to equity691/2€18k€19k▲
To other reserves6921€18k€19k▲
Profit to be distributed694/7€15k€2k▼
Return on contributions (dividend)694€15k€2k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €19k ▲4.3%
Operating result €25k, net result €19k, both a record.
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 3.83
Current ratio from 1.70 to 3.83; short-term debt falls from €58k to €25k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-4k ▼310%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 221 days late
2017
09-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zwalm · 1 establishment unit since 2012
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.
Terweeënstraat(Munk) 129630 ZwalmGround area
484 m²
Building footprint
162 m²
Parcel 45027B0259/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
STEFANO MOERMAN
since 20122.221.322.269
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45027B0259/00G000 | Flanders | 484 m² | 1 · 162 m² | - |
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
SL TOTAL
BE 0765.828.757
Mechelen · Eq €84k
Omnifix
BE 0736.310.370
Bonheiden · Eq €85k
TOM ENTREPRISE GENERALE DE CONSTRUCTION
BE 0754.813.715
Lubbeek · Eq €85k
TIM CONSTRUCT
BE 0738.538.402
Temse · Eq €85k
Put & Partners
BE 0479.751.409
Genk · Eq €83k
Of 2,452 companies in sector 41003 we hold annual accounts for 1,055. 734 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-2012
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.