STEFCAT
ActiveSummary
STEFCAT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €739k and a net result of €22k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 39% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-7
Solvency45=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.47 in 2024; short-term debt: 27.6% and cash: 3.9% of total assets), but 80% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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
20%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
on the day
2023
22 d early
2022
5 d early
2021
2 d early
2020
1 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€739k▲ 3.1%
2024 · €717k
2018: €242klowest in 8 years
2019: €420k▲ +73.4% vs 2018
2020: €438k▲ +4.3% vs 2019
2021: €421k▼ -4.1% vs 2020
2022: €539k▲ +28.2% vs 2021
2023: €654k▲ +21.4% vs 2022
2024: €717k▲ +9.6% vs 2023
2025: €739k▲ +3.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€3.70M▲ 2.5%
2024 · €3.61M
2018: €521klowest in 8 years
2019: €945k▲ +81.3% vs 2018
2020: €1.22M▲ +29.1% vs 2019
2021: €1.62M▲ +32.4% vs 2020
2022: €2.77M▲ +71.6% vs 2021
2023: €2.77M▲ +0.1% vs 2022
2024: €3.61M▲ +30.1% vs 2023
2025: €3.70M▲ +2.5% vs 2024highest in 8 years
2018 → 2025
Net result
€22k▼ 64.7%
2024 · €63k
2018: €22k
2019: €178k▲ +709% vs 2018highest in 8 years
2020: €18k▼ -89.8% vs 2019
2021: €-18k▼ -198% vs 2020lowest in 8 years
2022: €118k▲ +766% vs 2021
2023: €115k▼ -2.7% vs 2022
2024: €63k▼ -45.6% vs 2023
2025: €22k▼ -64.7% vs 2024
2018 → 2025
Working capital
€888k▲ 111%
2024 · €420k
2018: €-93klowest in 8 years
2019: €92k▲ +199% vs 2018
2020: €97k▲ +5.6% vs 2019
2021: €17k▼ -82.1% vs 2020
2022: €52k▲ +201% vs 2021
2023: €504k▲ +861% vs 2022
2024: €420k▼ -16.6% vs 2023
2025: €888k▲ +111% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€421k-€539k▲ 28.2%€654k▲ 21.4%€717k▲ 9.6%€739k▲ 3.1%
2021: €421klowest in 5 years
2022: €539k▲ +28.2% vs 2021
2023: €654k▲ +21.4% vs 2022
2024: €717k▲ +9.6% vs 2023
2025: €739k▲ +3.1% vs 2024highest in 5 years
Operating result€201-€213k▲ 106,234%€242k▲ 13.5%€197k▼ 18.4%€158k▼ 20.0%
2021: €201lowest in 5 years
2022: €213k▲ +106234% vs 2021
2023: €242k▲ +13.5% vs 2022highest in 5 years
2024: €197k▼ -18.4% vs 2023
2025: €158k▼ -20.0% vs 2024
Net result€-18k-€118k€115k▼ 2.7%€63k▼ 45.6%€22k▼ 64.7%
2021: €-18klowest in 5 years
2022: €118k▲ +766% vs 2021highest in 5 years
2023: €115k▼ -2.7% vs 2022
2024: €63k▼ -45.6% vs 2023
2025: €22k▼ -64.7% vs 2024
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 has fallen two years in a row; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.70M
Fixed assets
€1.79M ▼ 21.9%
Current assets
€1.91M ▲ 44.7%
Equity and liabilities €3.70M
Equity
€739k ▲ 3.1%
Debt
€2.96M ▲ 2.3%
Debt's share of the balance-sheet total falls from 80.1% to 80.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€255k▼
2024 · €300k
Cash flow
€120k▼
2024 · €165k
Current ratio
1.87▲
2024 · 1.47
Quick ratio
0.40▲
2024 · 0.10
Debt to equity
4.00▼
2024 · 4.03
ROE
3.0%▼
2024 · 8.8%
ROA
0.6%▼
2024 · 1.7%
Interest coverage
2.57▼
2024 · 3.29
Debt ≤ 1 year
€1.02M▲
2024 · €899k
Debt > 1 year
€1.88M▼
2024 · €1.97M
Income taxes
€37k▼
2024 · €43k
Staff costs
€128k▲
2024 · €95k
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€3.61M€3.70M▲
Fixed assets21/28€2.29M€1.79M▼
Tangible fixed assets22/27€2.29M€1.78M▼
Land and buildings22€2.17M€1.67M▼
Furniture and vehicles24€95k€99k▲
Leasing and similar rights25€19k€8k▼
Other tangible fixed assets26€4k€4k▼
Financial fixed assets28€4k€4k=
Current assets29/58€1.32M€1.91M▲
Stocks and contracts in progress3€1.23M€1.51M▲
Stocks30/36€1.23M€1.51M▲
Amounts receivable within one year40/41€6k€257k▲
Trade receivables40€5k€85k▲
Other amounts receivable41€880€172k▲
Cash at bank and in hand54/58€79k€143k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€3.61M€3.70M▲
Equity10/15€717k€739k▲
Contributions10/11€19k€19k=
Reserves13€698k€721k▲
Distributable reserves133€698k€721k▲
Amounts payable17/49€2.89M€2.96M▲
Amounts payable after more than one year17€1.97M€1.88M▼
Financial debts170/4€1.97M€1.88M▼
Amounts payable within one year42/48€899k€1.02M▲
Current portion of amounts payable after more than one year42€147k€139k▼
Financial debts43€132k€0▼
Credit institutions430/8€132k€0▼
Trade debts44€149k€193k▲
Suppliers440/4€149k€193k▲
Taxes, remuneration and social security45€94k€194k▲
Taxes450/3€82k€180k▲
Remuneration and social security454/9€12k€14k▲
Other amounts payable47/48€377k€495k▲
Accrued charges and deferred income492/3€27k€57k▲
Income statement
Code20242025
Remuneration, social security and pensions62€95k€128k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€97k▼
Other operating charges640/8€13k€15k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€408k€399k▼
Operating profit (loss)9901€197k€158k▼
Financial income75/76B€0€347▲
Recurring financial income75€0€347▲
Financial charges65/66B€91k€99k▲
Recurring financial charges65€91k€99k▲
Profit (loss) for the period before taxes9903€106k€59k▼
Income taxes67/77€43k€37k▼
Profit (loss) for the period9904€63k€22k▼
Profit (loss) for the period to be appropriated9905€63k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€22k▼
Transfer to equity691/2€63k€22k▼
To other reserves6921€63k€22k▼
Social balance
Average headcount (FTE)90872.12.2▲
The notes to these accounts (24 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €22k | €19k | €57k | €95k | €128k | ▲ 34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €82k | €83k | €103k | €97k | ▼ 5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €5k | €7k | €11k | €13k | €15k | ▲ 15.5% |
| Non-recurring operating charges66A | €442 | €2k | €687 | €0 | - | - |
| Gross operating margin9900 | €63k | €323k | €394k | €408k | €399k | ▼ 2.3% |
| Operating profit (loss)9901 | €201 | €213k | €242k | €197k | €158k | ▼ 20.0% |
| Financial income75/76B | €183 | €17 | €0 | €0 | €347 | ▲ 216,500% |
| Recurring financial income75 | €183 | €17 | €0 | €0 | €347 | ▲ 216,500% |
| Financial charges65/66B | €18k | €37k | €66k | €91k | €99k | ▲ 8.8% |
| Recurring financial charges65 | €18k | €37k | €66k | €91k | €99k | ▲ 8.8% |
| Profit (loss) for the period before taxes9903 | €-18k | €176k | €176k | €106k | €59k | ▼ 44.6% |
| Income taxes67/77 | €0 | €58k | €61k | €43k | €37k | ▼ 15.5% |
| Profit (loss) for the period9904 | €-18k | €118k | €115k | €63k | €22k | ▼ 64.7% |
| Profit (loss) for the period to be appropriated9905 | €-18k | €118k | €115k | €63k | €22k | ▼ 64.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.62M | €2.77M | €2.77M | €3.61M | €3.70M | ▲ 2.5% |
| Fixed assets21/28 | €1.46M | €1.58M | €1.53M | €2.29M | €1.79M | ▼ 21.9% |
| Tangible fixed assets22/27 | €1.46M | €1.58M | €1.53M | €2.29M | €1.78M | ▼ 21.9% |
| Land and buildings22 | €1.46M | €1.52M | €1.37M | €2.17M | €1.67M | ▼ 22.8% |
| Furniture and vehicles24 | €3k | €16k | €127k | €95k | €99k | ▲ 5.2% |
| Leasing and similar rights25 | - | €41k | €30k | €19k | €8k | ▼ 58.3% |
| Other tangible fixed assets26 | - | - | - | €4k | €4k | ▼ 10.8% |
| Financial fixed assets28 | €205 | €205 | €205 | €4k | €4k | = |
| Current assets29/58 | €151k | €1.19M | €1.24M | €1.32M | €1.91M | ▲ 44.7% |
| Stocks and contracts in progress3 | - | €840k | €1.10M | €1.23M | €1.51M | ▲ 22.1% |
| Stocks30/36 | - | €840k | €1.10M | €1.23M | €1.51M | ▲ 22.1% |
| Amounts receivable within one year40/41 | €31k | €14k | €64k | €6k | €257k | ▲ 4,269% |
| Trade receivables40 | €28k | €14k | €63k | €5k | €85k | ▲ 1,593% |
| Other amounts receivable41 | €4k | €0 | €919 | €880 | €172k | ▲ 19,467% |
| Cash at bank and in hand54/58 | €119k | €338k | €77k | €79k | €143k | ▲ 81.0% |
| Deferred charges and accrued income490/1 | €563 | €2k | €3k | €2k | €4k | ▲ 153% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.62M | €2.77M | €2.77M | €3.61M | €3.70M | ▲ 2.5% |
| Equity10/15 | €421k | €539k | €654k | €717k | €739k | ▲ 3.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €402k | €520k | €636k | €698k | €721k | ▲ 3.2% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €400k | €519k | €636k | €698k | €721k | ▲ 3.2% |
| Amounts payable17/49 | €1.19M | €2.23M | €2.12M | €2.89M | €2.96M | ▲ 2.3% |
| Amounts payable after more than one year17 | €1.06M | €1.08M | €1.36M | €1.97M | €1.88M | ▼ 4.3% |
| Financial debts170/4 | €1.06M | €1.08M | €1.36M | €1.97M | €1.88M | ▼ 4.3% |
| Amounts payable within one year42/48 | €134k | €1.14M | €740k | €899k | €1.02M | ▲ 13.6% |
| Current portion of amounts payable after more than one year42 | €68k | €87k | €114k | €147k | €139k | ▼ 5.8% |
| Financial debts43 | - | €594k | €475 | €132k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €594k | €475 | €132k | €0 | ▼ 100% |
| Trade debts44 | €3k | €12k | €29k | €149k | €193k | ▲ 29.6% |
| Suppliers440/4 | €3k | €12k | €29k | €149k | €193k | ▲ 29.6% |
| Advances received on contracts in progress46 | €2k | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €13k | €65k | €138k | €94k | €194k | ▲ 106% |
| Taxes450/3 | €10k | €63k | €131k | €82k | €180k | ▲ 119% |
| Remuneration and social security454/9 | €3k | €2k | €7k | €12k | €14k | ▲ 20.7% |
| Other amounts payable47/48 | €47k | €385k | €457k | €377k | €495k | ▲ 31.5% |
| Accrued charges and deferred income492/3 | €468 | €9k | €23k | €27k | €57k | ▲ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €118k | €115k | €63k | €22k | ▼ 64.7% |
| + Depreciation and write-downs630 | €36k | €82k | €83k | €103k | €97k | ▼ 5.1% |
| Operating cash flow (approximation) | €18k | €201k | €199k | €165k | €120k | ▼ 27.7% |
| Investment in fixed assets (approximation) | - | €-196k | €-37k | €-862k | €404k | ▲ 147% |
| Change in cash | - | €219k | €-261k | €2k | €64k | ▲ 2,660% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €118k
Net result €118k after one loss-making year.
31-12
Financial
Equity above €500kEq €539k ▲28.2%
Equity rises from €421k to €539k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €178k ▲709%
Operating result €270k, net result €178k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.45
Current ratio from 0.34 to 1.45.
Show earlier events
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
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, Sint-Niklaas · 1 establishment unit since 1996
Ground area
8,558 m²
Building footprint
392 m²
Volume, LiDAR
1,487 m³
Parcel 46442C0471/00C002, Flanders · tallest building 8.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
STEFCAT
since 19962.075.411.901
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0471/00C002 | Flanders | 8,558 m² | 1 · 391 m² | 8.8 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 945 EUR awarded · 945 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 945 EUR | 945 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,118 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
Founded05-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.