STEIL
ActiveSummary
STEIL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,827 and a net result of €18,409. Equity is growing by ~73.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+34
Solvency89▲+25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.45 against 1.49 in 2024; short-term debt: 31.5% and cash: 6.5% of total assets), and 35.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.3%
Return on assets
15.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
17 d early
2023
26 d early
2022
10 d early
2021
59 d late
2020
31 d late
2019
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€77,827▲ 25.8%
2024 · €61,854
Total assets
€121,128▼ 22.9%
2024 · €157,003
Net result
€18,409▲ 488%
2024 · €3,129
Working capital
€55,334▲ 34.6%
2024 · €41,117
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,585€27,613▲ 119%€27,046▼ 2.1%€5,285▼ 80.5%€26,459▲ 401%
Net result€11,162within the sector's middle half€22,150above the sector's middle half▲ 98.4%€22,843above the sector's middle half▲ 3.1%€3,129within the sector's middle half▼ 86.3%€18,409within the sector's middle half▲ 488%
Equity€11,309within the sector's middle half▲ 7,570%€33,459within the sector's middle half▲ 196%€56,302within the sector's middle half▲ 68.3%€61,854within the sector's middle half▲ 9.9%€77,827within the sector's middle half▲ 25.8%
Total assets€139,109within the sector's middle half▲ 66,013%€131,998within the sector's middle half▼ 5.1%€109,282within the sector's middle half▼ 17.2%€157,003within the sector's middle half▲ 43.7%€121,128within the sector's middle half▼ 22.9%
Debt€127,800▲ 202,886%€98,539▼ 22.9%€52,980▼ 46.2%€94,127▲ 77.7%€42,472▼ 54.9%
Working capital-€11,004€12,809€35,936▲ 181%€41,117▲ 14.4%€55,334▲ 34.6%
Solvency8.1%within the sector's middle half25.3%within the sector's middle half▲ 17.2pp51.5%within the sector's middle half▲ 26.2pp39.4%within the sector's middle half▼ 12.1pp64.3%above the sector's middle half▲ 24.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 401% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121,128
Fixed assets
€27,690 ▼ 14.2%
Current assets
€93,438 ▼ 25.1%
Equity and liabilities €121,128
Equity
€77,827 ▲ 25.8%
Provisions
€829 ▼ 18.9%
Debt
€42,472 ▼ 54.9%
Debt's share of the balance-sheet total falls from 60.0% to 35.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,983▲
2024 · €11,638
Cash flow
€25,933▲
2024 · €9,482
Current ratio
2.45▲
2024 · 1.49
Quick ratio
0.31▼
2024 · 0.63
Debt to equity
0.55▼
2024 · 1.52
ROE
23.7%▲
2024 · 5.1%
ROA
15.2%▲
2024 · 2.0%
Interest coverage
12.01▲
2024 · 3.97
Debt ≤ 1 year
€38,104▼
2024 · €83,596
Debt > 1 year
€4,368▼
2024 · €10,531
Income taxes
€6,483▲
2024 · €1,064
Staff costs
€0▼
2024 · €622
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €76 | €622 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,126 | €5,685 | €6,029 | €6,353 | €7,524 | ▲ 18.4% |
| Other operating charges640/8 | €3,137 | €4,736 | €2,300 | €2,316 | €9,742 | ▲ 321% |
| Non-recurring operating charges66A | - | €2,880 | €0 | - | - | - |
| Gross operating margin9900 | €21,848 | €40,913 | €35,451 | €14,576 | €43,725 | ▲ 200% |
| Operating profit (loss)9901 | €12,585 | €27,613 | €27,046 | €5,285 | €26,459 | ▲ 401% |
| Financial income75/76B | €3,567 | €5,431 | €8,034 | €1,785 | €1,070 | ▼ 40.0% |
| Recurring financial income75 | €3,567 | €5,431 | €8,034 | €1,785 | €1,070 | ▼ 40.0% |
| Financial charges65/66B | €1,073 | €2,868 | €2,628 | €2,934 | €2,830 | ▼ 3.5% |
| Recurring financial charges65 | €1,073 | €2,868 | €2,628 | €2,934 | €2,830 | ▼ 3.5% |
| Profit (loss) for the period before taxes9903 | €15,079 | €30,176 | €32,452 | €4,136 | €24,699 | ▲ 497% |
| Transfer from deferred taxes780 | - | - | - | €57 | €193 | ▲ 238% |
| Income taxes67/77 | €3,917 | €8,026 | €9,609 | €1,064 | €6,483 | ▲ 509% |
| Profit (loss) for the period9904 | €11,162 | €22,150 | €22,843 | €3,129 | €18,409 | ▲ 488% |
| Transfer from tax-exempt reserves789 | €8 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €11,170 | €22,150 | €22,843 | €3,129 | €18,409 | ▲ 488% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,109 | €131,998 | €109,282 | €157,003 | €121,128 | ▼ 22.9% |
| Fixed assets21/28 | €35,048 | €26,483 | €29,534 | €32,290 | €27,690 | ▼ 14.2% |
| Tangible fixed assets22/27 | €35,048 | €26,483 | €29,534 | €32,290 | €27,690 | ▼ 14.2% |
| Land and buildings22 | €16,738 | €13,467 | €10,196 | €6,926 | €3,655 | ▼ 47.2% |
| Plant, machinery and equipment23 | €11,838 | €10,230 | €17,358 | €16,480 | €16,313 | ▼ 1.0% |
| Furniture and vehicles24 | €6,472 | €2,786 | €1,980 | €1,583 | €1,192 | ▼ 24.7% |
| Other tangible fixed assets26 | - | - | - | €7,301 | €6,530 | ▼ 10.6% |
| Current assets29/58 | €104,061 | €105,514 | €79,748 | €124,713 | €93,438 | ▼ 25.1% |
| Stocks and contracts in progress3 | €91,458 | €76,077 | €62,042 | €72,218 | €81,436 | ▲ 12.8% |
| Stocks30/36 | €91,458 | €76,077 | €62,042 | €72,218 | €81,436 | ▲ 12.8% |
| Amounts receivable within one year40/41 | €1,083 | €17,715 | €5,933 | €24,604 | €4,156 | ▼ 83.1% |
| Trade receivables40 | - | €17,715 | €5,933 | €12,718 | €2,694 | ▼ 78.8% |
| Other amounts receivable41 | €1,083 | €0 | - | €11,885 | €1,462 | ▼ 87.7% |
| Cash at bank and in hand54/58 | €10,840 | €11,098 | €11,117 | €27,201 | €7,846 | ▼ 71.2% |
| Deferred charges and accrued income490/1 | €680 | €624 | €656 | €691 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,109 | €131,998 | €109,282 | €157,003 | €121,128 | ▼ 22.9% |
| Equity10/15 | €11,309 | €33,459 | €56,302 | €61,854 | €77,827 | ▲ 25.8% |
| Contributions10/11 | €6,233 | €6,233 | €6,233 | €6,233 | €6,233 | = |
| Reserves13 | €38,757 | €38,757 | €50,069 | €51,532 | €68,275 | ▲ 32.5% |
| Distributable reserves133 | €38,757 | €38,757 | €50,069 | €51,532 | €68,275 | ▲ 32.5% |
| Profit (loss) carried forward14 | -€33,681 | -€11,531 | €0 | €0 | €0 | - |
| Investment grants15 | - | - | - | €4,089 | €3,318 | ▼ 18.9% |
| Provisions and deferred taxes16 | - | - | - | €1,022 | €829 | ▼ 18.9% |
| Deferred taxes168 | - | - | - | €1,022 | €829 | ▼ 18.9% |
| Amounts payable17/49 | €127,800 | €98,539 | €52,980 | €94,127 | €42,472 | ▼ 54.9% |
| Amounts payable after more than one year17 | €12,735 | €5,833 | €9,168 | €10,531 | €4,368 | ▼ 58.5% |
| Financial debts170/4 | €12,735 | €5,833 | €9,168 | €10,531 | €4,368 | ▼ 58.5% |
| Amounts payable within one year42/48 | €115,065 | €92,705 | €43,812 | €83,596 | €38,104 | ▼ 54.4% |
| Current portion of amounts payable after more than one year42 | €7,717 | €8,032 | €6,340 | €8,924 | €11,176 | ▲ 25.2% |
| Financial debts43 | - | - | - | - | €3,043 | - |
| Credit institutions430/8 | - | - | - | - | €3,043 | - |
| Trade debts44 | €9,842 | €15,987 | €9,429 | €14,925 | €8,026 | ▼ 46.2% |
| Suppliers440/4 | €9,842 | €15,987 | €9,429 | €14,925 | €8,026 | ▼ 46.2% |
| Advances received on contracts in progress46 | - | - | - | €26,864 | €500 | ▼ 98.1% |
| Taxes, remuneration and social security45 | €7,182 | €18,118 | €11,504 | €24,858 | €13,692 | ▼ 44.9% |
| Taxes450/3 | €6,182 | €18,118 | €11,504 | €24,858 | €13,692 | ▼ 44.9% |
| Remuneration and social security454/9 | €1,000 | €0 | - | - | - | - |
| Other amounts payable47/48 | €90,324 | €50,568 | €16,539 | €8,025 | €1,666 | ▼ 79.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,162 | €22,150 | €22,843 | €3,129 | €18,409 | ▲ 488% |
| + Depreciation and write-downs630 | €6,126 | €5,685 | €6,029 | €6,353 | €7,524 | ▲ 18.4% |
| Operating cash flow (approximation) | €17,288 | €27,835 | €28,872 | €9,482 | €25,933 | ▲ 173% |
| Investment in fixed assets (approximation) | - | €2,880 | -€9,080 | -€9,109 | -€2,924 | ▲ 67.9% |
| Change in cash | - | €258 | €19 | €16,084 | -€19,355 | ▼ 220% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €22,843 ▲3.1%
Net result €22,843, the highest in the series.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
31-12
Financial
Back to profitnet €11,162
Net result €11,162 after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2009
Ground area
237 m²
Building footprint
234 m²
Volume, LiDAR
2,041 m³
Parcel 44022A0418/00W005, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STEIL
since 20092.183.102.685
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44022A0418/00W005 | Flanders | 237 m² | 1 · 234 m² | 13.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,208 EUR awarded · 4,208 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 104 EUR | 104 EUR |
| 2022 | 2 | 2,104 EUR | 2,104 EUR |
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Of 1,465 companies in sector 47632 we hold annual accounts for 733. 606 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47632Retail sale of bicycles
47711Retail sale of women's outerwear
47712Retail trade
62200Computer consultancy and computer facilities management
85599Other education
96220Beauty care and other beauty treatments
Contact
Phone
0479/825324Gent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820890709
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.