STEIN ARBITRATION
ActiveSummary
STEIN ARBITRATION has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76,292 and a net result of €270,919. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency35▼-60
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 3.27 in 2024; short-term debt: 89.6% and cash: 16.5% of total assets), and 89.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
10.4%
Return on assets
36.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 12788 sector peers (2025).
NBB · sector comparisonPosition among 12788 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
17 d late
2024
36 d early
2023
30 d early
2022
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
€76,292▼ 75.0%
2024 · €305,373
Total assets
€737,009▲ 70.0%
2024 · €433,492
Net result
€270,919▼ 6.2%
2024 · €288,695
Working capital
€66,754▼ 77.0%
2024 · €290,795
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Line2022202320242025
Operating result€15,169-€111,731▲ 637%€365,554▲ 227%€353,230▼ 3.4%
Net result€13,135within the sector's middle half-€98,543above the sector's middle half▲ 650%€288,695above the sector's middle half▲ 193%€270,919above the sector's middle half▼ 6.2%
Equity€18,135below the sector's middle half-€66,678within the sector's middle half▲ 268%€305,373above the sector's middle half▲ 358%€76,292within the sector's middle half▼ 75.0%
Total assets€29,447below the sector's middle half-€167,792within the sector's middle half▲ 470%€433,492within the sector's middle half▲ 158%€737,009above the sector's middle half▲ 70.0%
Debt€11,312-€101,114▲ 794%€128,119▲ 26.7%€660,718▲ 416%
Working capital€18,135-€46,375▲ 156%€290,795▲ 527%€66,754▼ 77.0%
Solvency61.6%within the sector's middle half-39.7%within the sector's middle half▼ 21.8pp70.4%within the sector's middle half▲ 30.7pp10.4%below the sector's middle half▼ 60.1pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €737,009
Fixed assets
€9,538 ▼ 34.6%
Current assets
€727,471 ▲ 73.7%
Equity and liabilities €737,009
Equity
€76,292 ▼ 75.0%
Debt
€660,718 ▲ 416%
Debt's share of the balance-sheet total rises from 29.6% to 89.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€359,298▼
2024 · €371,279
Cash flow
€276,987▼
2024 · €294,420
Current ratio
1.10▼
2024 · 3.27
Debt to equity
8.66▲
2024 · 0.42
ROE
355.1%▲
2024 · 94.5%
ROA
36.8%▼
2024 · 66.6%
Interest coverage
45.69▼
2024 · 111.51
Debt ≤ 1 year
€660,718▲
2024 · €128,119
Income taxes
€74,448▲
2024 · €73,844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,602 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 97% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
2.1%
went bankrupt
0.9%
stopped otherwise
97%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 1,602 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,725 | €5,725 | €6,068 | ▲ 6.0% |
| Other operating charges640/8 | - | - | - | €121 | - |
| Gross operating margin9900 | €15,169 | €117,456 | €371,279 | €359,419 | ▼ 3.2% |
| Operating profit (loss)9901 | €15,169 | €111,731 | €365,554 | €353,230 | ▼ 3.4% |
| Financial income75/76B | - | €141 | €314 | - | - |
| Recurring financial income75 | - | €141 | €314 | - | - |
| Financial charges65/66B | - | €500 | €3,330 | €7,863 | ▲ 136% |
| Recurring financial charges65 | - | €500 | €3,330 | €7,863 | ▲ 136% |
| Profit (loss) for the period before taxes9903 | €15,169 | €111,372 | €362,538 | €345,367 | ▼ 4.7% |
| Income taxes67/77 | €2,034 | €12,829 | €73,844 | €74,448 | ▲ 0.8% |
| Profit (loss) for the period9904 | €13,135 | €98,543 | €288,695 | €270,919 | ▼ 6.2% |
| Profit (loss) for the period to be appropriated9905 | €13,135 | €98,543 | €288,695 | €270,919 | ▼ 6.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €29,447 | €167,792 | €433,492 | €737,009 | ▲ 70.0% |
| Fixed assets21/28 | - | €20,303 | €14,578 | €9,538 | ▼ 34.6% |
| Intangible fixed assets21 | - | €1,000 | €500 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | €19,249 | €14,024 | €9,484 | ▼ 32.4% |
| Furniture and vehicles24 | - | €2,742 | €1,643 | €1,230 | ▼ 25.1% |
| Other tangible fixed assets26 | - | €16,507 | €12,381 | €8,254 | ▼ 33.3% |
| Financial fixed assets28 | - | €54 | €54 | €54 | = |
| Current assets29/58 | €29,447 | €147,489 | €418,914 | €727,471 | ▲ 73.7% |
| Amounts receivable within one year40/41 | €19,447 | €52,801 | €209,903 | €605,509 | ▲ 188% |
| Trade receivables40 | €19,447 | €52,254 | €774 | €83,729 | ▲ 10,718% |
| Other amounts receivable41 | - | €547 | €209,129 | €521,780 | ▲ 150% |
| Cash at bank and in hand54/58 | €10,000 | €90,788 | €208,343 | €121,294 | ▼ 41.8% |
| Deferred charges and accrued income490/1 | - | €3,900 | €669 | €669 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €29,447 | €167,792 | €433,492 | €737,009 | ▲ 70.0% |
| Equity10/15 | €18,135 | €66,678 | €305,373 | €76,292 | ▼ 75.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €8,135 | €56,678 | €295,373 | €66,292 | ▼ 77.6% |
| Amounts payable17/49 | €11,312 | €101,114 | €128,119 | €660,718 | ▲ 416% |
| Amounts payable within one year42/48 | €11,312 | €101,114 | €128,119 | €660,718 | ▲ 416% |
| Trade debts44 | €4,278 | €3,333 | €1,988 | €80,129 | ▲ 3,931% |
| Suppliers440/4 | €4,278 | €3,333 | €1,988 | €80,129 | ▲ 3,931% |
| Taxes, remuneration and social security45 | €2,034 | €12,829 | €76,132 | €80,588 | ▲ 5.9% |
| Taxes450/3 | €2,034 | €12,829 | €76,132 | €80,588 | ▲ 5.9% |
| Other amounts payable47/48 | €5,000 | €84,952 | €50,000 | €500,000 | ▲ 900% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,135 | €98,543 | €288,695 | €270,919 | ▼ 6.2% |
| + Depreciation and write-downs630 | - | €5,725 | €5,725 | €6,068 | ▲ 6.0% |
| Operating cash flow (approximation) | €13,135 | €104,268 | €294,420 | €276,987 | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | - | €0 | -€1,028 | - |
| Change in cash | - | €80,788 | €117,555 | -€87,049 | ▼ 174% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €288,695 ▲193%
Operating result €365,554, net result €288,695, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.27
Current ratio from 1.46 to 3.27.
31-12
Financial
Equity above €200,000Eq €305,373 ▲358%
3 profitable years in a row build equity to €305,373.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ukkel · 1 establishment unit since 2022
Ground area
94 m²
Building footprint
66 m²
Volume, LiDAR
790 m³
Parcel 21618B0278/00X004, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Stille Oceaanstraat 42, 1180 Ukkel
since 20222.342.807.148
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0278/00X004 | Brussels | 94 m² | 1 · 66 m² | 16.3 m · 4 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.
Similar companies · same sector, comparable size
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Christine NEYCKEN - Avocat
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BÉNÉDICTE HENDRICKX
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ML LEGAL SERVICES
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Of 22,076 companies in sector 69101 we hold annual accounts for 9,058. 7,518 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
Founded29-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794214422
Also
9925:BE0794214422
Registered
05-12-2022
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.