STEFRE
Annual accounts 2025
micro format, filed on 30-08-2026, 30 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €157,596 on 31-12-2025in euro
in euro
Position in the sector
72.9%
Higher than 69% of 39,364 companies in 2025.
3.69
Higher than 70% of 38,048 companies in 2025.
9.7%
Higher than 41% of 38,520 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
157,596 | 147,593 | 135,779 | 125,960 | 118,105 | 159,988 | 160,207 | 211,382 | 270,945 | 218,758 | 224,290 | 177,484 | 160,437 | 115,741 | 132,002 | 127,127 | 170,151 | 203,264 | 216,230 | 209,437 | |
21/28 |
- | 0 | 908 | 1,902 | 8,647 | 12,022 | 18,293 | 137,748 | 153,295 | 155,079 | 146,760 | 126,507 | 35,745 | 43,322 | 56,962 | 65,308 | 94,252 | 117,230 | 144,350 | 164,657 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | 393 | 786 | 1,179 | 1,572 | - | - | - | - | - | |
22/27 |
- | 0 | 908 | 1,902 | 8,647 | 12,022 | 18,293 | 131,076 | 146,823 | 148,657 | 140,338 | 119,692 | 28,961 | 36,146 | 49,392 | 59,310 | 88,254 | 116,982 | 144,103 | 164,409 | |
23 |
- | - | - | - | - | - | - | 97,629 | 123,760 | 138,716 | 124,501 | 107,225 | 15,095 | 14,740 | 17,934 | 1,953 | 2,886 | 4,538 | 4,000 | 1,884 | |
24 |
- | 0 | 908 | 1,902 | 8,647 | 12,022 | 18,293 | 24,276 | 10,835 | 9,941 | 15,675 | 7,083 | 2,850 | 4,758 | 7,506 | 4,804 | 4,214 | 2,689 | 1,746 | 3,094 | |
26 |
- | - | - | - | - | - | - | - | - | - | 87 | 5,232 | 10,789 | 16,347 | 23,952 | 51,048 | 78,144 | 105,240 | 132,335 | 159,431 | |
28 |
- | - | - | - | - | - | - | 6,672 | 6,472 | 6,422 | 6,422 | 6,422 | 5,998 | 5,998 | 5,998 | 5,998 | 5,998 | 248 | 248 | 248 | |
29/58 |
157,596 | 147,593 | 134,872 | 124,058 | 109,458 | 147,967 | 141,913 | 73,634 | 117,650 | 63,680 | 77,530 | 50,977 | 124,692 | 72,419 | 75,041 | 61,818 | 75,899 | 86,034 | 71,879 | 44,780 | |
29 |
91,500 | 91,500 | 91,500 | 91,500 | 91,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
91,500 | 91,500 | 91,500 | 91,500 | 91,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | 13,257 | 12,957 | 5,179 | 16,301 | 16,540 | 12,510 | 7,522 | 12,727 | 9,788 | 9,936 | 10,632 | 6,834 | 6,741 | |
30/36 |
- | - | - | - | - | - | - | 13,257 | 12,957 | 5,179 | 16,301 | 16,540 | 12,510 | 7,522 | 12,727 | 9,788 | 9,936 | 10,632 | 6,834 | 6,741 | |
40/41 |
47,875 | 52,341 | 38,780 | 29,649 | - | 147,192 | 127,174 | 9,023 | 3,602 | 3,290 | 3,176 | 18,213 | 101,509 | 55,329 | 54,198 | 43,707 | 58,743 | 58,011 | 48,506 | 28,401 | |
40 |
2,850 | 6,789 | 4,094 | 7,839 | - | 6,192 | 37 | 8,066 | 2,696 | 808 | - | 527 | 41,823 | 44,011 | 54,198 | 24,227 | 31,671 | 26,841 | 21,685 | 23,401 | |
41 |
45,025 | 45,552 | 34,686 | 21,810 | - | 141,000 | 127,137 | 957 | 906 | 2,482 | 3,176 | 17,687 | 59,686 | 11,318 | - | 19,480 | 27,071 | 31,170 | 26,820 | 5,000 | |
54/58 |
17,993 | 3,117 | 3,674 | 2,150 | 17,575 | 4 | 14,740 | 51,354 | 94,262 | 43,712 | 34,653 | 3,816 | 4,998 | 4,657 | 4,650 | 8,324 | 6,911 | 17,391 | 16,248 | 9,039 | |
490/1 |
228 | 635 | 918 | 759 | 383 | 771 | - | - | 6,829 | 11,499 | 23,401 | 12,407 | 5,675 | 4,912 | 3,466 | - | 309 | - | 291 | 599 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
157,596 | 147,593 | 135,779 | 125,960 | 118,105 | 159,988 | 160,207 | 211,382 | 270,945 | 218,758 | 224,290 | 177,484 | 160,437 | 115,741 | 132,002 | 127,127 | 170,151 | 203,264 | 216,230 | 209,437 | |
10/15 |
114,926 | 99,693 | 87,203 | 75,578 | 66,503 | 74,518 | 76,684 | 47,991 | 36,137 | 34,927 | 26,802 | 15,352 | 28,314 | 20,595 | 13,366 | 14,262 | -10,940 | -5,792 | 30,853 | 49,509 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
13 |
89,926 | 74,693 | 62,203 | 50,578 | 43,047 | 49,518 | 51,684 | 22,991 | 11,137 | 9,927 | 2,500 | 2,500 | 2,500 | 1,555 | 1,555 | 1,555 | 1,555 | 1,555 | 1,555 | 1,555 | |
130/1 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 1,555 | 1,555 | 1,555 | 1,555 | 1,555 | 1,555 | 1,555 | |
1311 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
87,426 | 72,193 | 59,703 | 48,078 | 40,547 | 47,018 | 49,184 | 20,491 | 8,637 | 7,427 | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | - | 0 | -1,544 | - | - | - | - | - | -698 | -12,148 | 814 | -5,960 | -13,189 | -12,293 | -37,495 | -32,347 | 4,298 | 22,954 | |
17/49 |
42,670 | 47,900 | 48,577 | 50,383 | 51,603 | 85,471 | 83,523 | 163,391 | 234,808 | 183,832 | 197,489 | 162,132 | 132,123 | 95,146 | 118,636 | 112,864 | 181,091 | 209,056 | 185,377 | 159,928 | |
17 |
0 | 5,753 | 15,212 | 24,183 | 32,691 | 22,747 | 23,698 | 41,601 | 51,924 | 60,937 | 53,274 | 38,519 | 6,592 | 15,781 | 24,971 | 11,637 | 63,121 | 70,312 | 38,697 | 40,651 | |
170/4 |
0 | 5,753 | 15,212 | 24,183 | 32,691 | 22,747 | 23,698 | 41,601 | 51,924 | 60,937 | 53,274 | 38,519 | 6,592 | 15,781 | 24,971 | 11,637 | 63,121 | 70,312 | 38,697 | 40,651 | |
42/48 |
42,670 | 42,147 | 33,365 | 26,200 | 18,111 | 62,723 | 59,825 | 121,790 | 182,884 | 122,895 | 144,215 | 123,613 | 125,531 | 79,365 | 93,665 | 101,228 | 114,462 | 138,744 | 145,317 | 117,639 | |
42 |
0 | 9,458 | 8,971 | 8,509 | 8,070 | 16,946 | 30,988 | 39,729 | 31,957 | 27,756 | 16,212 | 12,808 | 9,190 | 9,190 | 11,964 | 3,868 | 12,271 | 19,855 | 25,221 | 32,693 | |
43 |
- | - | - | - | - | 7,191 | - | - | - | - | - | 8,136 | 9,970 | 7,942 | - | 6,896 | - | - | 659 | 3,742 | |
430/8 |
- | - | - | - | - | 7,191 | - | - | - | - | - | 8,136 | 9,970 | 7,942 | - | 6,896 | - | - | 659 | 3,742 | |
44 |
1,000 | 1,414 | 101 | 1,986 | - | 2,544 | - | 30,454 | 36,314 | 31,392 | 44,879 | 58,723 | 52,833 | 30,552 | 43,640 | 56,672 | 44,523 | 66,406 | 72,129 | 47,204 | |
440/4 |
1,000 | 1,414 | 101 | 1,986 | - | 2,544 | - | 30,454 | 36,314 | 31,392 | 44,879 | 58,723 | 52,833 | 30,552 | 43,640 | 56,672 | 44,523 | 66,406 | 72,129 | 47,204 | |
46 |
8,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
17,846 | 16,352 | 13,370 | 6,986 | 1,109 | 21,394 | 22,677 | 50,066 | 72,812 | 52,214 | 67,910 | 43,301 | 52,893 | 31,035 | 37,416 | 33,791 | 57,528 | 52,483 | 41,431 | 32,999 | |
450/3 |
17,846 | 16,352 | 13,370 | 6,986 | 1,109 | 21,394 | 22,677 | 41,938 | 38,565 | 30,059 | 42,159 | 29,121 | 37,483 | 19,946 | 21,819 | 17,494 | 40,615 | 32,592 | 26,451 | 15,591 | |
454/9 |
- | - | - | - | - | - | - | 8,129 | 34,246 | 22,155 | 25,751 | 14,179 | 15,410 | 11,089 | 15,597 | 16,296 | 16,913 | 19,892 | 14,980 | 17,408 | |
47/48 |
15,823 | 14,923 | 10,923 | 8,719 | 8,932 | 14,648 | 6,159 | 1,541 | 41,802 | 11,534 | 15,213 | 645 | 645 | 645 | 645 | - | 140 | - | 5,877 | 1,000 | |
492/3 |
- | - | - | 0 | 800 | - | - | - | - | - | - | - | - | - | - | - | 3,508 | - | 1,364 | 1,639 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | 41,760 | - | - | - | - | - | - | - | - | - | 540,277 | 553,029 | - | - | - | - | - | |
76A |
- | - | - | 0 | - | - | - | - | - | - | - | - | - | - | 4,706 | - | 1,108 | - | 1,800 | 1,174 | |
9900 |
22,494 | 19,849 | 20,813 | 24,864 | 4,948 | 6,075 | 286,266 | 548,878 | 584,451 | 519,322 | 444,420 | 246,900 | 172,506 | 208,371 | 241,568 | 253,442 | 226,534 | 161,704 | 205,935 | 213,874 | |
60/61 |
- | - | - | 19,407 | - | - | - | - | - | - | - | - | - | 342,811 | 325,192 | - | - | - | - | - | |
62 |
- | - | - | - | - | 1,344 | 175,468 | 426,671 | 513,948 | 415,072 | 365,305 | 222,073 | 130,092 | 169,193 | 196,697 | 177,447 | 180,585 | 145,218 | 183,244 | 169,807 | |
630 |
0 | 908 | 995 | 6,745 | 6,359 | 6,272 | 6,462 | 46,992 | 43,930 | 40,526 | 42,962 | 29,796 | 16,900 | 21,652 | 40,365 | 34,558 | 33,549 | 31,894 | 30,633 | 34,814 | |
640/8 |
1,648 | 1,705 | 2,181 | 5,260 | 5,089 | 1,084 | 2,184 | 2,509 | 2,346 | 1,619 | 1,596 | 841 | 1,150 | 1,187 | 735 | 1,015 | 10,311 | 6,479 | 4,004 | 3,197 | |
66A |
- | - | - | - | - | - | 53,313 | 44,422 | - | - | - | - | - | - | 716 | 399 | - | 6,748 | - | - | |
9901 |
20,847 | 17,236 | 17,637 | 12,860 | -6,500 | -2,625 | 48,839 | 28,283 | 24,227 | 62,105 | 34,557 | -5,810 | 24,365 | 16,338 | 3,771 | 40,423 | 2,088 | -21,887 | -11,945 | 6,057 | |
75/76B |
4,279 | 4,259 | 3,321 | 2,494 | 2,445 | 2,800 | 1,805 | - | - | - | - | 2,981 | 3,108 | 838 | 9 | 1,140 | 2,656 | 1,350 | 623 | 19 | |
75 |
4,279 | 4,259 | 3,321 | 2,494 | 2,445 | 2,800 | 1,805 | - | - | - | - | 2,981 | 3,108 | 838 | 9 | 1,140 | 2,656 | 1,350 | 623 | 19 | |
65/66B |
860 | 1,250 | 1,827 | 2,257 | 3,427 | 2,098 | 1,980 | 3,484 | 3,980 | 3,777 | 3,829 | 7,939 | 8,129 | 6,919 | 8,666 | 6,202 | 10,999 | 9,360 | 9,134 | 7,969 | |
65 |
860 | 1,250 | 1,827 | 2,257 | 3,427 | 2,098 | 1,980 | 3,484 | 3,980 | 3,777 | 3,829 | 7,939 | 8,129 | 6,919 | 8,666 | 6,202 | 10,999 | 9,360 | 9,134 | 7,969 | |
9903 |
24,266 | 20,246 | 19,131 | 13,096 | -7,481 | -1,923 | 48,664 | 24,800 | 20,247 | 58,328 | 30,728 | -10,768 | 19,344 | 10,257 | -896 | 34,962 | -5,148 | -36,645 | -18,656 | -719 | |
67/77 |
9,032 | 7,755 | 7,506 | 4,021 | 534 | 243 | 19,971 | 12,946 | 19,037 | 12,203 | 5,202 | 2,194 | 3,625 | 3,028 | - | 9,760 | - | - | - | 3 | |
9904 |
15,233 | 12,490 | 11,625 | 9,075 | -8,015 | -2,166 | 28,693 | 11,854 | 1,210 | 46,125 | 25,526 | -12,962 | 15,719 | 7,229 | -896 | 25,202 | -5,148 | -36,645 | -18,656 | -722 | |
9905 |
15,233 | 12,490 | 11,625 | 9,075 | -8,015 | -2,166 | 28,693 | 11,854 | 1,210 | 46,125 | 25,526 | -12,962 | 15,719 | 7,229 | -896 | 25,202 | -5,148 | -36,645 | -18,656 | -722 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
15,233 | 12,490 | 11,625 | 7,530 | -8,015 | -2,166 | 28,693 | 11,854 | 1,210 | 45,427 | 13,302 | -12,148 | 9,758 | -5,960 | -13,189 | -12,293 | -37,495 | -32,347 | 4,298 | 22,954 | |
14P |
- | - | 0 | -1,544 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 0 | 6,470 | 2,166 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
15,233 | 12,490 | 11,625 | 7,530 | - | - | 28,693 | 11,854 | 1,210 | 7,427 | - | - | 945 | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 945 | - | - | - | - | - | - | - | |
6921 |
15,233 | 12,490 | 11,625 | 7,530 | - | - | 28,693 | 11,854 | 1,210 | 7,427 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | 38,000 | 14,000 | - | 8,000 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 38,000 | 14,000 | - | 8,000 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | 5 | 10 | 10.2 | 8.3 | 9 | 6.7 | 3.8 | 4.9 | 6.2 | 6 | 5 | 5.3 | 5.6 | 5.9 | |
Hours worked1013 |
- | - | - | - | - | - | 8,588 | 21,201 | 24,630 | 19,677 | 17,117 | 12,499 | 6,540 | 8,296 | 8,719 | 8,150 | 9,695 | 7,259 | 9,322 | 9,330 | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 11 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 30-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00454960.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00454960 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00420768 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00411857 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00379633 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20349173 | |
| 31-12-2020 | micro format | 14-07-2021 | 2021-35500197 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37900339 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59200339 | |
| 31-12-2017 | micro format | 11-08-2018 | 2018-45400164 | |
| 31-12-2016 | micro format | 11-08-2017 | 2017-43100154 | |
| 31-12-2015 | abbreviated format | 19-08-2016 | 2016-44600027 | |
| 31-12-2014 | abbreviated format | 11-08-2015 | 2015-41300252 | |
| 31-12-2013 | abbreviated format | 21-08-2014 | 2014-44800011 | |
| 31-12-2012 | abbreviated format | 25-07-2013 | 2013-35100009 | |
| 31-12-2011 | abbreviated format | 23-07-2012 | 2012-33100446 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-47600188 | |
| 31-12-2009 | abbreviated format | 27-08-2010 | 2010-45200322 | |
| 31-12-2008 | abbreviated format | 28-08-2009 | 2009-65200278 | |
| 31-12-2007 | abbreviated format | 25-07-2008 | 2008-45700092 | |
| 31-12-2006 | abbreviated format | 19-07-2007 | 2007-42100155 | |
| 31-12-2005 | abbreviated format | 31-07-2006 | 2006-56202059 | |
| 31-12-2004 | abbreviated format | 30-05-2005 | 2005-18103521 | |
| 31-12-2003 | abbreviated format | 26-08-2004 | 2004-61500638 | |
| 31-12-2002 | abbreviated format | 29-07-2003 | 2003-53301293 |
Subsidies and aid
Flemish government 2022, 1 entry, €354 awarded, €354 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20,847 | 18,144 | 18,632 | 19,604 | -141 | 3,647 | 55,301 | 75,276 | 68,157 | 102,631 | 77,519 | 23,985 | 41,265 | 37,990 | 44,136 | 74,981 | 35,637 | 10,007 | 18,688 | 40,871 | ||
| 15,233 | 13,398 | 12,620 | 15,820 | -1,656 | 4,105 | 35,155 | 58,846 | 45,140 | 86,651 | 68,488 | 16,834 | 32,618 | 28,881 | 39,468 | 59,760 | 28,402 | -4,751 | 11,977 | 34,092 | ||
| 0 | 0 | 0 | 0 | 2,984 | 0 | 23,000 | 31,446 | 42,146 | 48,845 | 63,215 | 120,558 | 9,322 | 8,013 | 32,018 | 5,614 | 10,572 | 6,139 | 10,326 | 17,266 | ||
| 14,876 | -556 | 1,524 | -15,425 | 17,571 | -14,736 | -36,614 | -42,908 | 50,549 | 9,060 | 30,836 | -1,182 | 342 | 7 | -3,674 | 1,413 | -10,480 | 1,143 | 7,210 | - | ||
| 114,926 | 105,446 | 101,507 | 97,858 | 91,347 | 85,243 | 82,089 | -48,156 | -65,234 | -59,215 | -66,684 | -72,635 | -839 | -6,946 | -18,624 | -39,409 | -38,562 | -52,710 | -73,437 | -72,859 | ||
| - | - | - | 30.8% | - | - | - | - | - | - | - | - | - | 3.0% | 0.7% | - | - | - | - | - | ||
| 72.9% | 67.5% | 64.2% | 60.0% | 56.3% | 46.6% | 47.9% | 22.7% | 13.3% | 16.0% | 11.9% | 8.6% | 17.6% | 17.8% | 10.1% | 11.2% | -6.4% | -2.8% | 14.3% | 23.6% | ||
| 3.69 | 3.50 | 4.04 | 4.74 | 6.04 | 2.36 | 2.37 | 0.60 | 0.64 | 0.52 | 0.54 | 0.41 | 0.99 | 0.91 | 0.80 | 0.61 | 0.66 | 0.62 | 0.49 | 0.38 | ||
| 3.69 | 3.50 | 4.04 | 4.74 | 6.04 | 2.36 | 2.37 | 0.50 | 0.57 | 0.48 | 0.42 | 0.28 | 0.89 | 0.82 | 0.67 | 0.51 | 0.58 | 0.54 | 0.45 | 0.32 | ||
| 0.37 | 0.48 | 0.56 | 0.67 | 0.78 | 1.15 | 1.09 | 3.40 | 6.50 | 5.26 | 7.37 | 10.56 | 4.67 | 4.62 | 8.88 | 7.91 | - | - | 6.01 | 3.23 | ||
| 13.3% | 12.5% | 13.3% | 12.0% | -12.1% | -2.9% | 37.4% | 24.7% | 3.3% | 132.1% | 95.2% | -84.4% | 55.5% | 35.1% | -6.7% | 176.7% | - | - | -60.5% | -1.5% | ||
| 9.7% | 8.5% | 8.6% | 7.2% | -6.8% | -1.4% | 17.9% | 5.6% | 0.4% | 21.1% | 11.4% | -7.3% | 9.8% | 6.2% | -0.7% | 19.8% | -3.0% | -18.0% | -8.6% | -0.3% | ||
| 24.23 | 14.52 | 10.20 | 8.68 | -0.04 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | 69 days | - | - | - | - | - | - | - | - | - | 30 days | 36 days | - | - | - | - | - | ||
| - | - | - | 37 days | - | - | - | - | - | - | - | - | - | 33 days | 49 days | - | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €0 | €2,984 |
| Financial fixed assets | €0 | - | - | - | - |
| €0 | €908 | €995 | €6,745 | €6,359 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on STEFRE
The operating result for 2025 is 21% higher than in 2024 and the highest since 2019. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 32.5% to 27.1%. Equity is higher and debt is lower.