Equity
STEFFECTIVE has made a profit in every financial year since 2016.
STEFFECTIVE has made a profit in every financial year since 2016.
The 2016 accounts came 8 days late. The other nine were filed on time.
More equity than 91% of companies in advertising and market research. Sector median €58,793 · 8,621 companies.
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 73, micro). It does better than 87% of them on solvency, 97% on liquidity, 52% on profitability and 55% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 17,811 companies had the same profile as STEFFECTIVE has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of STEFFECTIVE itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 17,811 companies, not a prediction for STEFFECTIVE. 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.
Liquidity is ample, with a current ratio of 10.17 (10.28 in 2024), above the usual 1.5. Short-term debt is 8.5% and cash 40.4% of total assets. 14.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| STEFFECTIVE Hasselt | €535,745 | €85,602 | 85.8% | - |
| Greif Aalter | €507,063 | €46,982 | 60.4% | 0 |
| 3D CAD Seneffe | €567,958 | €44,466 | 4.7% | - |
| SUPPORT IN SAFETY PREVENTION AND ENGINEERING FOR READY MIXED CONCRETE Hasselt | €781,550 | €126,736 | 91.9% | - |
| MION Leuven | €315,192 | €95,024 | 26.3% | - |
| Jeff Maes Balen | €309,016 | €104,219 | 81.5% | - |
| DeLGr Ghent | €962,617 | €55,583 | 29.0% | - |
These companies have the same main activity as STEFFECTIVE: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €309,000 and €963,000, founded between 2014 and 2017.
STEFFECTIVE files the micro format. That format states no turnover. The gross margin rose from €26,305 in 2016 to €85,602 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €160,000 and €240,000.
Higher than 84% of 8,614 companies in 2025.
Higher than 90% of 8,290 companies in 2025.
Higher than 45% of 8,399 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
535,745 | 524,177 | 389,763 | 295,571 | 234,424 | 206,551 | 142,633 | 119,113 | 92,133 | 58,702 | |
21/28 |
72,520 | 99,452 | 6,898 | 6,887 | 10,791 | 9,857 | 10,547 | 16,839 | 23,130 | 22,663 | |
22/27 |
72,320 | 99,252 | 6,698 | 6,687 | 10,591 | 9,657 | 10,347 | 16,639 | 22,930 | 22,463 | |
23 |
1,691 | 1,924 | 2,158 | - | - | - | - | - | - | - | |
24 |
- | - | 142 | 1,286 | 4,186 | 5,602 | - | - | - | - | |
25 |
68,239 | 93,934 | - | - | - | - | - | - | - | - | |
26 |
2,391 | 3,394 | 4,398 | 5,401 | 6,405 | 4,055 | 4,731 | 5,407 | 6,083 | - | |
28 |
200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |
29/58 |
463,225 | 424,725 | 382,865 | 288,684 | 223,633 | 196,694 | 132,086 | 102,275 | 69,003 | 36,039 | |
40/41 |
16,750 | 17,388 | 17,358 | 21,716 | 16,104 | 15,338 | 32,954 | 22,293 | 16,709 | 20,050 | |
40 |
14,443 | 16,305 | 16,639 | 17,576 | 15,582 | 14,130 | 17,314 | 14,119 | 15,006 | 20,050 | |
41 |
2,306 | 1,083 | 719 | 4,140 | 521 | 1,208 | 15,640 | 8,175 | 1,703 | - | |
50/53 |
228,073 | 311,329 | 290,849 | 100,357 | - | - | - | - | - | - | |
54/58 |
216,195 | 92,717 | 36,789 | 128,981 | 204,678 | 159,730 | 97,164 | 78,546 | 50,897 | 14,609 | |
490/1 |
2,207 | 3,291 | 37,869 | 37,629 | 2,851 | 21,625 | 1,968 | 1,435 | 1,397 | 1,380 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
535,745 | 524,177 | 389,763 | 295,571 | 234,424 | 206,551 | 142,633 | 119,113 | 92,133 | 58,702 | |
10/15 |
459,751 | 433,960 | 378,713 | 282,682 | 224,360 | 176,257 | 121,659 | 105,875 | 72,437 | 24,545 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
441,151 | 415,360 | 360,113 | 264,082 | 205,760 | 163,857 | 109,259 | 93,475 | 60,037 | 12,145 | |
130/1 |
- | - | - | - | - | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 607 | |
1311 |
- | - | - | - | - | 1,860 | - | - | - | - | |
133 |
441,151 | 415,360 | 360,113 | 264,082 | 205,760 | 161,997 | 107,399 | 91,615 | 58,177 | 11,538 | |
17/49 |
75,994 | 90,217 | 11,050 | 12,889 | 10,064 | 30,293 | 20,975 | 13,238 | 19,696 | 34,157 | |
17 |
30,443 | 48,895 | - | - | - | - | - | - | 7,117 | 14,164 | |
170/4 |
30,443 | 48,895 | - | - | - | - | - | - | 7,117 | 14,164 | |
42/48 |
45,551 | 41,322 | 11,050 | 12,889 | 10,064 | 30,293 | 20,975 | 13,238 | 12,579 | 19,992 | |
42 |
18,452 | 17,874 | - | - | - | - | - | 7,117 | 7,047 | 6,978 | |
44 |
3,909 | 8,247 | 2,663 | 5,234 | 2,759 | 26,469 | 6,966 | 2,161 | 3,351 | 3,206 | |
440/4 |
3,909 | 8,247 | 2,663 | 5,234 | 2,759 | 26,469 | 6,966 | 2,161 | 3,351 | 3,206 | |
45 |
7,366 | 13,988 | 8,227 | 2,086 | 2,703 | 288 | 6,657 | - | 23 | 6,952 | |
450/3 |
7,366 | 5,689 | 8,227 | 2,086 | 2,703 | 288 | - | - | 23 | 6,952 | |
454/9 |
- | 8,298 | - | - | - | - | 6,657 | - | - | - | |
47/48 |
15,824 | 1,213 | 160 | 5,569 | 4,602 | 3,536 | 7,351 | 3,960 | 2,157 | 2,857 | |
| Income statement | |||||||||||
76A |
- | 10,744 | - | - | - | - | - | - | - | - | |
9900 |
85,602 | 138,010 | 122,318 | 108,032 | 65,213 | 85,188 | 34,646 | 56,489 | 79,054 | 26,305 | |
630 |
26,932 | 10,225 | 2,325 | 3,904 | 3,686 | 2,432 | 6,292 | 6,292 | 6,292 | 5,616 | |
640/8 |
3,464 | 5,106 | 1,461 | 977 | 1,138 | 1,120 | 2,098 | 1,402 | 1,128 | 2,237 | |
66A |
- | - | - | - | - | 5,616 | - | - | - | - | |
9901 |
55,206 | 122,678 | 118,532 | 103,152 | 60,389 | 76,020 | 26,257 | 48,795 | 71,635 | 18,452 | |
75/76B |
5,042 | 2,645 | 327 | - | - | 0 | 3 | 2 | 51 | 0 | |
75 |
5,042 | 2,645 | 327 | - | - | 0 | 3 | 2 | 51 | 0 | |
65/66B |
2,206 | 950 | -17,399 | 17,744 | 72 | 133 | 179 | 244 | 313 | 402 | |
65 |
2,206 | 950 | -17,399 | 17,744 | 72 | 133 | 179 | 244 | 313 | 402 | |
9903 |
58,042 | 124,373 | 136,258 | 85,408 | 60,317 | 75,887 | 26,080 | 48,554 | 71,373 | 18,050 | |
67/77 |
16,467 | 35,689 | 40,227 | 25,086 | 17,414 | 20,288 | 9,281 | 14,316 | 22,841 | 5,905 | |
9904 |
41,575 | 88,684 | 96,031 | 60,322 | 42,903 | 55,598 | 16,799 | 34,238 | 48,532 | 12,145 | |
9905 |
41,575 | 88,684 | 96,031 | 60,322 | 42,903 | 55,598 | 16,799 | 34,238 | 48,532 | 12,145 | |
| Appropriation of the result | |||||||||||
9906 |
41,575 | 88,684 | 96,031 | 60,322 | 42,903 | 55,598 | 16,799 | 34,238 | 48,532 | 12,145 | |
791/2 |
15,784 | 33,438 | - | - | - | - | - | - | - | - | |
691/2 |
41,575 | 88,684 | 96,031 | 58,322 | 41,903 | 54,598 | 15,784 | 33,438 | 47,892 | 12,145 | |
6920 |
- | - | - | - | - | - | - | - | 1,253 | 607 | |
6921 |
41,575 | 88,684 | 96,031 | 58,322 | 41,903 | 54,598 | 15,784 | 33,438 | 46,639 | 11,538 | |
694/7 |
15,784 | 33,438 | - | 2,000 | 1,000 | 1,000 | 1,015 | 800 | 640 | - | |
694 |
15,784 | 33,438 | - | 2,000 | 1,000 | 1,000 | 1,015 | 800 | 640 | - | |
| Document | |||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00368418 | |
| 31-12-2024 | micro format | 23-05-2025 | 2025-00108863 | |
| 31-12-2023 | micro format | 23-04-2024 | 2024-00073070 | |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00221746 | |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20225847 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36300554 | |
| 31-12-2019 | micro format | 03-07-2020 | 2020-25700483 | |
| 31-12-2018 | micro format | 12-07-2019 | 2019-32500562 | |
| 31-12-2017 | micro format | 10-07-2018 | 2018-31400051 | |
| 31-12-2016 | micro format | 08-08-2017 | 2017-42000113 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 82,138 | 132,904 | 120,857 | 107,055 | 64,075 | 78,452 | 32,548 | 55,087 | 77,926 | 24,068 | ||
| 68,507 | 98,909 | 98,356 | 64,226 | 46,588 | 58,031 | 23,091 | 40,529 | 54,824 | 17,761 | ||
| 0 | 102,779 | 2,335 | 0 | 4,620 | 35,437 | 0 | 0 | 6,759 | 28,278 | ||
| 123,478 | 55,927 | -92,192 | -75,696 | 44,947 | 62,566 | 18,618 | 27,650 | 36,288 | - | ||
| 417,674 | 383,403 | 371,815 | 275,794 | 213,569 | 166,400 | 111,112 | 89,036 | 56,424 | 16,047 | ||
| 85.8% | 82.8% | 97.2% | 95.6% | 95.7% | 85.3% | 85.3% | 88.9% | 78.6% | 41.8% | ||
| 10.17 | 10.28 | 34.65 | 22.40 | 22.22 | 6.49 | 6.30 | 7.73 | 5.49 | 1.80 | ||
| 0.17 | 0.21 | 0.03 | 0.05 | 0.04 | 0.17 | 0.17 | 0.13 | 0.27 | 1.39 | ||
| 9.0% | 20.4% | 25.4% | 21.3% | 19.1% | 31.5% | 13.8% | 32.3% | 67.0% | 49.5% | ||
| 7.8% | 16.9% | 24.6% | 20.4% | 18.3% | 26.9% | 11.8% | 28.7% | 52.7% | 20.7% | ||
| 37.23 | over 100 | -6.95 | 6.03 | over 100 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €102,779 | €2,335 | - | €4,620 |
| €26,932 | €10,225 | €2,325 | €3,904 | €3,686 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 55% lower than in 2024 and the lowest since 2019.
Debt's share of the balance-sheet total falls from 17.2% to 14.2%. Equity is higher and debt is lower.
STEFFECTIVE has no parent and no holdings in its annual accounts. STASSIJNS Stefan is the only director. STEFFECTIVE shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sepulkrijnenlaan 73 registered office 3500 Hasselt 46442 Wholesale trade | 07-01-2016 | 2.248.906.693 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71324E0711/00D003 | 1,271 m² | 1 · 350 m² | 5.4 m · 1 |
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