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STEINZEUG - KERAMO

Active
Public limited companyfounded 1983active for 43 yearsPaalsteenstraat 36, 3500 Hasselt, Belgium17 active companies are registered at this addressKBO/BCE: BE 0424.745.281
Summary

The computed 12-month bankruptcy probability of STEINZEUG - KERAMO is 1.5% (moderate). The annual accounts of STEINZEUG - KERAMO for financial year 2025 show a net loss of 92% of total assets and of 97% of the equity at the start of that year. The 2025 annual accounts show equity of €436,943 and a net result of -€13.7m. Equity is shrinking by about 3.7% per year across the filed financial years. Its solvency ranks better than 6% of 363 sector peers (NACE 23, financial year 2025). The company has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
STEINZEUG - KERAMOActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23322
2nd largest employer in Hasselt, Manufacturing sector1 site
Size
€46.2mturnover 2025
Staff
139.4 FTE
Equity
€436,943
Loss
-€13.7m
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Structure
Parent
KERAMO - WIENERBERGER IMMO · 100%
Holdings
1
Auditor: BV PwC Bedrijfsrevisoren2025 accounts 46 days early5 of 21 deeds summarised
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €13.7m, the second in a row (financial year 2025)Equity €436,943 (2.9% of total assets)Liquidity: current ratio 1.24, cash €73,134lowers riskSector: Manufacture of other non-metallic mineral products (NACE 23)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 14% of its sector peers (NACE 23, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 28-44
equity 2.9% of total assets
Liquidity 17-17
short-term debt 63.6% · cash 0.5%
Profitability 0-27
return on assets -91.9%
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (52 companies, NACE 23, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.2%▼ -0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026lowest value 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 1.5%▲ +1.3 percentage points vs 06-2026highest value 08-2026: 1.5%● unchanged vs 07-2026highest value 09-2026: 1.5%● unchanged vs 08-2026highest value 10-2026: 1.5%● unchanged vs 09-2026highest value
Credit of up to €23,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.24, compared with 1.66 in 2024, below the usual 1.5; short-term debt: 63.6% and cash: 0.5% of total assets), and 97.1% 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 23, medium-sized): better than 4% on solvency, 8% on liquidity, 6% on profitability and 38% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Seven signals.
lowers riskraises riskneutral
raises risk · Loss of €13.7m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Equity €436,943 (2.9% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.24, cash €73,134
NBB · annual accounts
lowers risk · Sector: Manufacture of other non-metallic mineral products (NACE 23)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13.7m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 363 sector peers (2025).
NBB · sector comparison
Position among 363 sector peers
Solvency
better than 6%
← weakest strongest →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
44 days early
2023
43 days early
2022
35 days early
2021
34 days early
2020
31 days early
2019
64 days early
← 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 42 days before the deadline; the sector median (NACE 23) for financial year 2024 is 10 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Deloitte Bedrijfsrevisoren (statutory auditor)Appointment: PwC Bedrijfsrevisoren BV (statutory…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Weakest financial yearnet -€13.7m

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€13.7m View
  • Caution: Result fell in 2025from -€2.5m to -€13.7m ▼ 458% View
  • Caution: Among the weakest 5% on net resultsector median €97,059 · 363 companies -€13.7m View
  • Controlled by KERAMO - WIENERBERGER IMMOthe company in turn controls 1 companies 100% View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
  • Flemish supportawarded from 2022 to 2025 €137,022 View

By topic

Financials

Financial year
2025
Turnover
€46.2m
Loss
-€13.7m
Solvency
2.9%
Turnover▲ 7.6%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
KERAMO - WIENERBERGER IMMO · 100%
Auditor
BV PwC Bedrijfsrevisoren
  • Johan Van Der BiestDirector
  • Thomas De WinterDirector
Go to Board & ownership

Timeline

Events
53
Since
1984
Next accounts
by 31-07-2027
  1. 17-06-2025Annual accounts filed
  2. 24-09-2024Resignation: Marcin Dudek (director)
  3. 18-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of other non-metallic mineral productsNACE 23322
Founded
10-10-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
12
Annual meeting
First Friday of June at 10:00
Purpose
“De fabricage van en de handel in grèsbuizen en alle keramische producten, en meer algemeen…” (deed in Dutch)
Go to Articles of association

Key facts about STEINZEUG - KERAMO

What is the company number of STEINZEUG - KERAMO?
0424.745.281. In Belgium the VAT number is the company number with BE in front: BE 0424.745.281.
Where is STEINZEUG - KERAMO based?
The registered office is at Paalsteenstraat 36, 3500 Hasselt.Company details
What does STEINZEUG - KERAMO do?
According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23322).
What is the legal form of STEINZEUG - KERAMO?
Public limited company (NV).
When was STEINZEUG - KERAMO founded?
On 10-10-1983.
Is STEINZEUG - KERAMO still active?
Yes, STEINZEUG - KERAMO is an active enterprise in the KBO register.
How many employees does STEINZEUG - KERAMO have?
On average 139.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of STEINZEUG - KERAMO?
€46.2m in financial year 2025, according to the filed annual accounts.
Is STEINZEUG - KERAMO profitable?
In financial year 2025, STEINZEUG - KERAMO made a loss of €13.7m.
Where can I find the annual accounts of STEINZEUG - KERAMO?
STEINZEUG - KERAMO filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of STEINZEUG - KERAMO due?
By 31-07-2027, for financial year 2026.Timeline

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