Equity
€103,905 from €272,607 in 2017
Equity fell by 62% in 8 years.
STEFJEL
Lifetime
13 annual accounts with figures on one time axispeak €221,750 (2013)
-€3,045▲ €17,851
lowest -€81,589 (2018)
-€2,868▲ €49,212
peak €272,607 (2017)
€103,905▼ 2.7%
€3,917▲ 33.8%
peak 1.5 FTE (2014)
-not published
Board2 names since 2024
1 directorMaria De Pauw
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from -€20,896 to -€3,045Loss of €2,868Registered office moved within Aalst 31-03Debts from €2,929 to €3,917Cash from €1,489 to €9
Key points
from the 2025 annual accountsLosses
-€95,095 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Filings
13 annual accounts since 2013
Ten of the last ten came late. The 2021 accounts came latest: 487 days after the end of the period.
Turnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 51% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.9%▲ +0.5 percentage points vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.3%▲ +0.3 percentage points vs 07-2025
09-2025: 1.7%▲ +0.4 percentage points vs 08-2025
10-2025: 3.1%▲ +1.4 percentage points vs 09-2025
11-2025: 3.9%▲ +0.8 percentage points vs 10-2025
12-2025: 3.9%● unchanged vs 11-2025
01-2026: 3.9%● unchanged vs 12-2025
02-2026: 3.8%▼ -0.1 percentage points vs 01-2026
03-2026: 3.7%▼ -0.1 percentage points vs 02-2026
04-2026: 4.0%▲ +0.3 percentage points vs 03-2026
05-2026: 3.9%▼ -0.1 percentage points vs 04-2026
06-2026: 3.8%▼ -0.1 percentage points vs 05-2026
07-2026: 4.0%▲ +0.2 percentage points vs 06-2026
08-2026: 4.0%● unchanged vs 07-2026highest value
09-2026: 2.2%▼ -1.8 percentage points vs 08-2026
10-2026: 2.2%● unchanged vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 30 days late; 2 of the last 3 accounts late
Liquidity: current ratio 32.50, cash €9, halved
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 01-09-2026)
Calculation
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 47, micro). It does better than 92% of them on solvency, 53% on liquidity, 25% on profitability and 34% 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as STEFJEL has now. Each dot stands for 18 companies, two years later.
90.8%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of STEFJEL itself is higher: 2.2% within 12 months. It rests on far more data about STEFJEL than the profile alone.
Test of the method
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 6,908 companies, not a prediction for STEFJEL. 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.
Credit verdict
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 32.5 (47.11 in 2024), above the usual 1.5. Short-term debt is 3.1% and cash 0% of total assets. 3.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,868
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
30 days late
2024
71 days late
2023
77 days late
2022
122 days late
2021
487 days late
2020
31 days late
2019
88 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 129 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 October (4 of the last 5 accounts filed within 48 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Aalst
New registered office: Nedermolenstraat 48A 9310 Aalst · Previous registered office: Popperodedries 42 9300 Aalst · Resignation: Ellen Van Cauter (director) · General meeting of 30-12-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0848281826
Incorporation
published on 07-09-2012 · Gazette deed
First establishment
Popperodedries 42, Aalst
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as STEFJEL: retail sale of other household articles (NACE 47559). They are comparable in size and age: total assets between €72,100 and €156,000, founded between 2010 and 2015.
Official details
Source: KBO- Status
- Active since 29-08-2012Normal situation
- Activity
- Retail sale of other household articlesNACE 47559
- Establishment unit
- 2.213.400.6369300 Aalst, since 29-08-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2025
Insights on STEFJEL
STEFJEL files the micro format. That format states no turnover. The gross margin fell from €221,750 in 2013 to -€3,045 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STEFJEL
- What is the company number of STEFJEL?
- The company number of STEFJEL is 0848.281.826. The VAT number is the same number with BE in front: BE 0848.281.826.
- Where is STEFJEL based?
- The registered office is at Nedermolenstraat 48A, 9310 Aalst.Company details
- What does STEFJEL do?
- According to the KBO register, the main activity is retail sale of other household articles (NACE 47559).
- What is the legal form of STEFJEL?
- STEFJEL is a private limited company (pre-2019) (BVBA).
- When was STEFJEL founded?
- STEFJEL was founded on 29-08-2012.
- Is STEFJEL still active?
- Yes, STEFJEL is an active enterprise in the KBO register.
- How many employees does STEFJEL have?
- STEFJEL had an average of 0.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of STEFJEL?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is STEFJEL profitable?
- In financial year 2025, STEFJEL made a loss of €2,868.
- Where can I find the annual accounts of STEFJEL?
- STEFJEL filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STEFJEL due?
- STEFJEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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