STEJO
ActiveSummary
STEJO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.31M and a net result of €211k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+2
Solvency99▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 7.63 against 12.23 in 2024; short-term debt: 6.7% and cash: 38.3% of total assets), and 25.7% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
74.3%
Return on assets
12%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
29 d late
2023
30 d late
2022
24 d late
2021
30 d late
2020
23 d late
2019
52 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.31M▲ 19.2%
2024 · €1.10M
Total assets
€1.77M▲ 14.5%
2024 · €1.54M
Net result
€211k▲ 27.7%
2024 · €166k
Working capital
€787k▲ 6.9%
2024 · €736k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€169k▲ 31.0%€158k▼ 6.2%€228k▲ 44.1%€239k▲ 4.6%€313k▲ 31.0%
Net result€123k▲ 33.6%€113k▼ 8.1%€164k▲ 45.3%€166k▲ 1.0%€211k▲ 27.7%
Equity€661k▲ 22.8%€774k▲ 17.1%€937k▲ 21.2%€1.10M▲ 17.7%€1.31M▲ 19.2%
Total assets€1.26M▲ 4.6%€1.32M▲ 4.3%€1.46M▲ 10.6%€1.54M▲ 6.0%€1.77M▲ 14.5%
Debt€602k▼ 20.2%€544k▼ 9.8%€519k▼ 4.6%€441k▼ 15.1%€454k▲ 3.0%
Working capital€335k▲ 74.6%€435k▲ 30.0%€599k▲ 37.5%€736k▲ 23.0%€787k▲ 6.9%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.77M
Fixed assets
€863k ▲ 16.2%
Current assets
€906k ▲ 13.0%
Equity and liabilities €1.77M
Equity
€1.31M ▲ 19.2%
Debt
€454k ▲ 3.0%
Debt's share of the balance-sheet total falls from 28.5% to 25.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€351k▲
2024 · €273k
Cash flow
€249k▲
2024 · €200k
Current ratio
7.63▼
2024 · 12.23
Debt to equity
0.35▼
2024 · 0.40
ROE
16.1%▲
2024 · 15.0%
ROA
12.0%▲
2024 · 10.7%
Interest coverage
26.90▲
2024 · 19.21
Debt ≤ 1 year
€119k▲
2024 · €66k
Debt > 1 year
€326k▼
2024 · €366k
Income taxes
€96k▲
2024 · €62k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10k | - | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €33k | €34k | €35k | €38k | ▲ 9.9% |
| Other operating charges640/8 | €13k | €15k | €18k | €23k | €30k | ▲ 27.5% |
| Gross operating margin9900 | €216k | €207k | €280k | €297k | €381k | ▲ 28.2% |
| Operating profit (loss)9901 | €169k | €158k | €228k | €239k | €313k | ▲ 31.0% |
| Financial income75/76B | €1k | €654 | €1k | €3k | €7k | ▲ 112% |
| Recurring financial income75 | €1k | €654 | €1k | €3k | €7k | ▲ 112% |
| Financial charges65/66B | €4k | €4k | €4k | €14k | €13k | ▼ 8.4% |
| Recurring financial charges65 | €4k | €4k | €4k | €14k | €13k | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | €166k | €155k | €226k | €228k | €307k | ▲ 34.6% |
| Income taxes67/77 | €43k | €42k | €62k | €62k | €96k | ▲ 52.9% |
| Profit (loss) for the period9904 | €123k | €113k | €164k | €166k | €211k | ▲ 27.7% |
| Transfer from tax-exempt reserves789 | €16k | - | - | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | €84k | €93k | - | - |
| Profit (loss) for the period to be appropriated9905 | €138k | €113k | €80k | €73k | €211k | ▲ 190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.26M | €1.32M | €1.46M | €1.54M | €1.77M | ▲ 14.5% |
| Fixed assets21/28 | €812k | €791k | €769k | €742k | €863k | ▲ 16.2% |
| Tangible fixed assets22/27 | €794k | €773k | €750k | €724k | €809k | ▲ 11.8% |
| Land and buildings22 | €777k | €752k | €733k | €703k | €748k | ▲ 6.3% |
| Plant, machinery and equipment23 | €6k | €7k | €6k | €10k | €28k | ▲ 186% |
| Furniture and vehicles24 | €11k | €14k | €12k | €10k | €10k | ▼ 4.0% |
| Other tangible fixed assets26 | €324 | €0 | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | - | €23k | - |
| Financial fixed assets28 | €18k | €18k | €18k | €18k | €53k | ▲ 190% |
| Current assets29/58 | €451k | €526k | €687k | €802k | €906k | ▲ 13.0% |
| Amounts receivable within one year40/41 | €76k | €121k | €96k | €92k | €193k | ▲ 110% |
| Trade receivables40 | €31k | €57k | €38k | €26k | €64k | ▲ 145% |
| Other amounts receivable41 | €45k | €63k | €58k | €66k | €129k | ▲ 95.5% |
| Current investments50/53 | €22k | €22k | €22k | €122k | €22k | ▼ 82.2% |
| Cash at bank and in hand54/58 | €311k | €347k | €538k | €559k | €677k | ▲ 21.2% |
| Deferred charges and accrued income490/1 | €42k | €37k | €31k | €29k | €14k | ▼ 53.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.26M | €1.32M | €1.46M | €1.54M | €1.77M | ▲ 14.5% |
| Equity10/15 | €661k | €774k | €937k | €1.10M | €1.31M | ▲ 19.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €642k | €755k | €919k | €1.08M | €1.30M | ▲ 19.5% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | €84k | €177k | €177k | = |
| Distributable reserves133 | €640k | €755k | €835k | €908k | €1.12M | ▲ 23.3% |
| Amounts payable17/49 | €602k | €544k | €519k | €441k | €454k | ▲ 3.0% |
| Amounts payable after more than one year17 | €486k | €444k | €401k | €366k | €326k | ▼ 11.0% |
| Financial debts170/4 | €486k | €444k | €401k | €366k | €326k | ▼ 11.0% |
| Amounts payable within one year42/48 | €116k | €91k | €89k | €66k | €119k | ▲ 81.1% |
| Current portion of amounts payable after more than one year42 | €42k | €42k | €43k | €39k | €40k | ▲ 3.2% |
| Trade debts44 | €15k | €7k | €10k | €5k | €12k | ▲ 127% |
| Suppliers440/4 | €15k | €7k | €10k | €5k | €12k | ▲ 127% |
| Taxes, remuneration and social security45 | €26k | €35k | €31k | €14k | €59k | ▲ 329% |
| Taxes450/3 | €23k | €32k | €28k | €11k | €56k | ▲ 421% |
| Remuneration and social security454/9 | €3k | €3k | €3k | €3k | €3k | = |
| Other amounts payable47/48 | €33k | €6k | €5k | €8k | €8k | ▲ 5.1% |
| Accrued charges and deferred income492/3 | €303 | €9k | €29k | €9k | €9k | ▲ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €123k | €113k | €164k | €166k | €211k | ▲ 27.7% |
| + Depreciation and write-downs630 | €34k | €33k | €34k | €35k | €38k | ▲ 9.9% |
| Operating cash flow (approximation) | €157k | €146k | €198k | €200k | €249k | ▲ 24.6% |
| Investment in fixed assets (approximation) | - | €-12k | €-12k | €-8k | €-158k | ▼ 1,952% |
| Change in cash | - | €36k | €191k | €21k | €118k | ▲ 466% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Highest result since 2018net €211k ▲27.7%
Operating result €313k, net result €211k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Equity above €1MEq €1.10M ▲17.7%
7 profitable years in a row build equity to €1.10M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Equity above €500kEq €538k ▲20.6%
3 profitable years in a row build equity to €538k.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Weakest financial yearnet €48k ▼33.3%
Net result drops to €48k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Izegem · 2 establishment units since 2011
Ground area
7,477 m²
Building footprint
773 m²
Volume, LiDAR
1,791 m³
2 parcels, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
STEJO
since 20112.203.540.981
STEJO
since 20262.392.891.317
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0223/00R000 | Flanders | 5,984 m² | 1 · 530 m² | - |
| 36493B0505/00F003 | Flanders | 1,493 m² | 1 · 243 m² | 12.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2023 · 1 entry · 254 EUR awarded · 254 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 254 EUR | 254 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 738 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
Founded13-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.