Active BE 0798.491.825Private limited company

STEL SOLUTION & SERVICES

Dijk(Wul) 25 ·8670 Koksijde, Belgium· 3 yrs active

Sector: General construction of residential buildings (41001)

Conclusion Checked

The computed 12-month bankruptcy probability of STEL SOLUTION & SERVICES is 4.2% (elevated). The 2024 annual accounts show negative equity (€-1k) and a net result of €-2k. Its solvency ranks better than 11% of 9987 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-1k
Net result	€-2k
Better than sector	11%
Active	3 yrs

Financial profile 5 of 5 axes measured · computed by Checked

64 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 33

Profitability 100

Solvency 36

Growth 58

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

4.2% Elevated

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

33 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

23 2023

33 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.63 (< 1.0) -10

Quick ratio Quick ratio 0.15 (< 0.6) -5

Equity Negative equity -25

Profitability ROE 120% (≥ 10%) +10

Interest coverage Interest coverage 11.4× (≥ 3×) +8

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-3.6%	42.3%	better than 11% of 9987 sector peers
Net result	€-2k	€8k	better than 23% of 9974 sector peers
Equity	€-1k	€45k	better than 11% of 10001 sector peers
Gross operating margin	€6k	€31k	better than 21% of 9961 sector peers
Total assets	€40k	€125k	better than 18% of 9989 sector peers

EBITDA

€5k

+55.1% 23-24

Net profit

€-2k

+34.8% 23-24

Cash flow

€4k

+90.1% 23-24

Total assets

€40k

+3.5% 23-24

Equity

€-1k

- 23-24

Working capital

€-15k

+28.0% 23-24

Income taxes

€128

-2.8% 23-24

Debt

€42k

+8.1% 23-24

Debt ≤ 1y

€40k

+4.5% 23-24

Current ratio

0.63

+36.7% 23-24

Quick ratio

0.15

-25.2% 23-24

Solvency

-3.6%

- 23-24

Debt / equity

-28.63

- 23-24

ROE

120.5%

- 23-24

ROA

-4.4%

+37.0% 23-24

Interest coverage

11.43

+126.2% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€5k	€3k
Net profit	€-2k	€-3k
Cash flow	€4k	€2k
Staff costs	-	-
Income taxes	€128	€132
Dividends	-	-
Total assets	€40k	€39k
Equity	€-1k	€299
Debt	€42k	€39k
of which ≤ 1y	€40k	€39k
of which > 1y	-	-
Working capital	€-15k	€-21k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	0.63	0.46
Quick ratio	0.15	0.20
Working capital ratio	-37.4%	-53.8%
Solvency	-3.6%	0.8%
Debt / equity	-28.63	129.44
Long-term debt ratio	-	-
Interest coverage	11.43	5.05
Gross margin	-	-
Net margin	-	-
ROA	-4.4%	-6.9%
ROE	120.5%	-903.3%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €15k · 37.3% Current assets €25k · 62.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€40k	€39k
Fixed assets	21/28	€15k	€21k
Tangible fixed assets	22/27	€15k	€21k
Current assets	29/58	€25k	€18k
Stocks & contracts in progress	3	€19k	€10k
Amounts receivable within one year	40/41	€3k	€2k
Cash & bank	54/58	€3k	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€40k	€39k
Equity	10/15	€-1k	€299
Contributions / capital	10/11	€3k	€3k
Accumulated profits (losses)	14	€-4k	€-3k
Amounts payable	17/49	€42k	€39k
Amounts payable within one year	42/48	€40k	€39k
Trade debts payable within one year	44	€20k	€16k
Income statement
Gross operating margin	9900	€6k	€4k
Operating result	9901	€-1k	€-2k
Financial income	75	€218	€1
Financial charges	65	€418	€610
Result before taxes	9903	€-2k	€-3k
Income taxes	67/77	€128	€132
Net result for the period	9904	€-2k	€-3k
Result to be appropriated	9905	€-2k	€-3k

Legal Structure

NACE primary	General construction of residential buildings(41001)
Legal form	Private limited company(610)
Incorporation	15-02-2023
Status	Active
Postal code	8670

Establishment units 1 location

STEL SOLUTION & SERVICES

Dijk(Wul) 25, 8670 KoksijdeManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20232.343.802.684

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
38027C0461/00P000	Flanders	665 m²	1 · 157 m²	6.6 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 2 events

All 2Filings 2

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

23-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 23 days late

NBB filing

Belgian State Gazette reading coverage 0 of 1 acts read

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.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

General construction of residential buildings41001Repair and maintenance of fabricated metal products33110General construction of other non-residential buildings41003Plumbing work43221Installation of electric heating, air conditioning, cooling and ventilation43222Insulation installation43230Specialised construction activities43291

Names & trade names

Legal nameNL

STEL SOLUTION & SERVICES

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