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STEIGER PROJECT

Active
Private limited companyfounded 2023active for 3 yearsBobijnerslaan 1A, 9160 Lokeren, BelgiumKBO/BCE: BE 0804.150.784
Summary

The computed 12-month bankruptcy probability of STEIGER PROJECT is 3.4% (moderate). The 2025 annual accounts show equity of €5,050 and a net result of -€14,950. Its solvency ranks better than 12% of 9,582 sector peers (NACE 46, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

Equity
€5,050
Total assets
€3.3m
Net result
-€14,950
Working capital
-€686,541

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €3.3m
Fixed assets €2.6m
Current assets €649,880
Equity and liabilities €3.3m
Equity €5,050
Debt €3.2m
Debt finances 99.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€241,371
Cash flow
€75,692
Current ratio
0.49
Quick ratio
0.45
ROE
-296.0%
ROA
-0.5%
Interest coverage
1.46
Debt ≤ 1 year
€1.3m
Debt > 1 year
€1.9m
Staff costs
€538,316
A ratio outside any meaningful range has been withheld (balance sheet total €3.3m, equity €5,050).

Peer companies

Historical observation

Of the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.5% went bankrupt
1.6% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,301 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 45 lines
Balance sheet Code2025
Assets
Total assets20/58€3.3m
Fixed assets21/28€2.6m
Intangible fixed assets21€0.2m
Tangible fixed assets22/27€2.4m
Plant, machinery and equipment23€2.4m
Furniture and vehicles24€0.03m
Current assets29/58€0.6m
Stocks and contracts in progress3€0.05m
Contracts in progress37€0.05m
Amounts receivable within one year40/41€0.5m
Trade receivables40€0.5m
Other amounts receivable41€0.04m
Cash at bank and in hand54/58€0.07m
Deferred charges and accrued income490/1€0.03m
Equity and liabilities
Total equity and liabilities10/49€3.3m
Equity10/15€0.005m
Contributions10/11€0.02m
Profit (loss) carried forward14-€0.01m
Amounts payable17/49€3.2m
Amounts payable after more than one year17€1.9m
Financial debts170/4€1.9m
Amounts payable within one year42/48€1.3m
Current portion of amounts payable after more than one year42€0.3m
Trade debts44€0.2m
Suppliers440/4€0.2m
Taxes, remuneration and social security45€0.1m
Taxes450/3€0.09m
Remuneration and social security454/9€0.04m
Other amounts payable47/48€0.7m
Accrued charges and deferred income492/3€0.02m
Income statement Code2025
Non-recurring operating income76A€0.002m
Remuneration, social security and pensions62€0.5m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m
Other operating charges640/8€0.01m
Gross operating margin9900€0.8m
Operating profit (loss)9901€0.2m
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€0.2m
Recurring financial charges65€0.2m
Profit (loss) for the period before taxes9903-€0.01m
Profit (loss) for the period9904-€0.01m
Profit (loss) for the period to be appropriated9905-€0.01m
Appropriation of the result
Profit (loss) to be appropriated9906-€0.01m
Social balance sheet
Average headcount (FTE)90872.9

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Non-recurring operating income76A€1,500
Remuneration, social security and pensions62€538,316
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90,642
Other operating charges640/8€12,796
Gross operating margin9900€792,482
Operating profit (loss)9901€150,728
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€165,698
Recurring financial charges65€165,698
Profit (loss) for the period before taxes9903-€14,950
Profit (loss) for the period9904-€14,950
Profit (loss) for the period to be appropriated9905-€14,950
Line2025
Assets
Total assets20/58€3.3m
Fixed assets21/28€2.6m
Intangible fixed assets21€0.2m
Tangible fixed assets22/27€2.4m
Plant, machinery and equipment23€2.4m
Furniture and vehicles24€0.03m
Current assets29/58€0.6m
Stocks and contracts in progress3€0.05m
Contracts in progress37€0.05m
Amounts receivable within one year40/41€0.5m
Trade receivables40€0.5m
Other amounts receivable41€0.04m
Cash at bank and in hand54/58€0.07m
Deferred charges and accrued income490/1€0.03m
Equity and liabilities
Total equity and liabilities10/49€3.3m
Equity10/15€0.005m
Contributions10/11€0.02m
Profit (loss) carried forward14-€0.01m
Amounts payable17/49€3.2m
Amounts payable after more than one year17€1.9m
Financial debts170/4€1.9m
Amounts payable within one year42/48€1.3m
Current portion of amounts payable after more than one year42€0.3m
Trade debts44€0.2m
Suppliers440/4€0.2m
Taxes, remuneration and social security45€0.1m
Taxes450/3€0.09m
Remuneration and social security454/9€0.04m
Other amounts payable47/48€0.7m
Accrued charges and deferred income492/3€0.02m
Line2025
Profit (loss) for the period9904-€14,950
+ Depreciation and write-downs630€90,642
Operating cash flow (approximation)€75,692

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Subsidies and aid

Flemish government

2025 · 1 entry · €503 awarded
Schemes
1 entry · €503 · Fonds voor Innoveren en Ondernemen

Public contracts: not fully processed yet. The notices from August 2022 to September 2026 are still being read.