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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 4.0% (elevated). The 2025 annual accounts show equity of €5,050 and a net result of -€14,950. Its solvency ranks better than 12% of 9,701 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.

Overview

Activity
Wholesale trade
NACE 46120
1 site
Size
€3.3mtotal assets 2025
Staff
2.9 FTE
Equity
€5,050
Loss
-€14,950
Turnover not published (abbreviated format)
Financial health
47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.0%
Structure
Accounts 2 days early1 of 3 deeds read
Why 47raises risk1 change of registered office in 24 monthsFounded in 2023Equity €5,050 (0.2% of total assets)lowers riskFigures for financial year 2025 (filed 04-02-2026)Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 24% of its sector peers (NACE 46, micro)
Financial strength
Weak
Solvency 25
equity 0.2% of total assets
Liquidity 33
short-term debt 41.1% · cash 2.1%
Profitability 30
return on assets -0.5%
Bankruptcy probability, 12 months
4.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,876 companies, NACE 46, micro)
Last 24 months 11-2024: 4.1% 12-2024: 4.3%▲ +0.2 percentage points vs 11-2024 01-2025: 4.7%▲ +0.4 percentage points vs 12-2024 02-2025: 4.9%▲ +0.2 percentage points vs 01-2025 03-2025: 4.9%● unchanged vs 02-2025 04-2025: 8.9%▲ +4.0 percentage points vs 03-2025 05-2025: 8.9%● unchanged vs 04-2025 06-2025: 9.3%▲ +0.4 percentage points vs 05-2025 07-2025: 9.5%▲ +0.2 percentage points vs 06-2025 08-2025: 9.5%● unchanged vs 07-2025 09-2025: 9.5%● unchanged vs 08-2025 10-2025: 5.3%▼ -4.2 percentage points vs 09-2025 11-2025: 5.3%● unchanged vs 10-2025 12-2025: 5.3%● unchanged vs 11-2025 01-2026: 5.3%● unchanged vs 12-2025 02-2026: 9.8%▲ +4.5 percentage points vs 01-2026highest value 03-2026: 2.5%▼ -7.3 percentage points vs 02-2026 04-2026: 2.4%▼ -0.1 percentage points vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.4%● unchanged vs 05-2026 07-2026: 2.3%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 2.3%● unchanged vs 07-2026lowest value 09-2026: 2.7%▲ +0.4 percentage points vs 08-2026 10-2026: 4.0%▲ +1.3 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Liquidity insufficient (current ratio 0.49, below 1; short-term debt: 41.1% and cash: 2.1% of total assets), and 99.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 17% on solvency, 30% on liquidity and 26% on profitability.

The bankruptcy probability was computed on 18-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Equity €5,050 (0.2% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 04-02-2026)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 9701 sector peers (2025).
NBB · sector comparison
Position among 9701 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
2 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Permanent representative: Gregory VeysRegistered-office move

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 92.5% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.5% went bankrupt
1.6% stopped otherwise
92.5% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.0% 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 497,472 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 74.5% 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.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
30-06-2025 abbreviated format 29-01-2026 2026-00032195

Similar companies · same sector, comparable size

Of the 527 active companies whose main activity is wholesale trade (NACE 46120), figures are known for 300. 68 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

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

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

STEIGER PROJECT was incorporated on 20 July 2023 as a private limited company.1 The registered office was moved to Lokeren in 2025.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 10-03-2025
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
29-01
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
10-03
Gazette deed Permanent representative: Gregory Veys
Registered-office move4 facts ▸
  • General meeting, 01-06-2024
  • Registered-office move, Bobijnerslaan 1A, 9160 Lokeren
  • Director in office, 2XL CONSULTING (director)
  • Permanent representative, Gregory Veys
Gazette deedNBB filing
1 of 3 deeds read
About the unread acts

Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded20-07-2023
Financial year end30-06
Activities, NACEBEL 2025
46120Wholesale trade
43240Other construction installation
46190Agents in non-specialised wholesale trade
46900Non-specialised wholesale trade
70200Business and other management consultancy
77399Renting and leasing of other machinery, equipment and tangible goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0804150784
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 18 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0804.150.784

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
1.1 ha
Building footprint
3,481 m²
Building volume
25,945 m³
2 parcels, Flanders · tallest building 10.6 m. Linked by address, not a title deed.
1 establishment unit
STEIGER PROJECT
Bobijnerslaan 1, 9160 LokerenWholesale trade
since 2023unit no. 2.348.800.461
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
46014A1202/00M000 Flanders 7,581 m² 1 · 3,294 m² 10.6 m · 3
46014A1202/00N000 Flanders 3,072 m² 1 · 186 m² 8.7 m · 1
How the parcels are linked
Good to know
Both parcels match the address exactly.