STELACO
ActiveSummary
STELACO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-191k) and a net result of €-84k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.04 in 2024; short-term debt: 267.7% and cash: 0.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-210.1%
Return on assets
-92.5%
Age of the figures
12 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-191k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
28 d late
2023
2 d early
2022
2 d early
2021
8 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-191k▼ 78.6%
2024 · €-107k
Total assets
€91k▼ 21.6%
2024 · €116k
Net result
€-84k▼ 67.6%
2024 · €-50k
Working capital
€-243k▼ 43.6%
2024 · €-169k
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€35k▼ 73.3%€-36k€-66k▼ 83.0%€-48k▲ 26.5%€-83k▼ 70.6%
Net result€30k▼ 68.4%€-39k€-68k▼ 74.8%€-50k▲ 26.2%€-84k▼ 67.6%
Equity€50k▼ 57.8%€11k▼ 77.7%€-57k€-107k▼ 88.4%€-191k▼ 78.6%
Total assets€215k▲ 15.5%€153k▼ 29.1%€147k▼ 3.6%€116k▼ 21.1%€91k▼ 21.6%
Debt€165k▲ 145%€141k▼ 14.4%€204k▲ 44.3%€223k▲ 9.4%€282k▲ 26.5%
Working capital€24k▼ 79.9%€-53k€-119k▼ 126%€-169k▼ 42.3%€-243k▼ 43.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €83k in 2025 against €48k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€90k ▼ 17.7%
Current assets
€725 ▼ 88.6%
Key figures and ratios
EBITDA
€-63k▼
2024 · €-31k
Cash flow
€-65k▼
2024 · €-33k
Solvency
-210.1%▼
2024 · -92.3%
Current ratio
0.00▼
2024 · 0.04
Debt to equity
-1.48▲
2024 · -2.08
ROA
-92.5%▼
2024 · -43.3%
Interest coverage
-64.54▼
2024 · -27.60
Debt ≤ 1 year
€244k▲
2024 · €176k
Debt > 1 year
€39k▼
2024 · €48k
Income taxes
€620▼
2024 · €702
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 | €9k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €14k | €17k | €18k | €19k | ▲ 10.2% |
| Other operating charges640/8 | €1k | €1k | €1k | €2k | €1k | ▼ 9.0% |
| Non-recurring operating charges66A | €1k | €720 | €481 | €1k | €871 | ▼ 17.3% |
| Gross operating margin9900 | €47k | €-20k | €-47k | €-28k | €-61k | ▼ 116% |
| Operating profit (loss)9901 | €35k | €-36k | €-66k | €-48k | €-83k | ▼ 70.6% |
| Financial income75/76B | - | - | - | - | €2 | - |
| Recurring financial income75 | - | - | - | - | €2 | - |
| Financial charges65/66B | €3k | €2k | €1k | €1k | €980 | ▼ 12.3% |
| Recurring financial charges65 | €3k | €2k | €1k | €1k | €980 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | €32k | €-38k | €-67k | €-50k | €-84k | ▼ 68.7% |
| Income taxes67/77 | €3k | €727 | €713 | €702 | €620 | ▼ 11.7% |
| Profit (loss) for the period9904 | €30k | €-39k | €-68k | €-50k | €-84k | ▼ 67.6% |
| Profit (loss) for the period to be appropriated9905 | €30k | €-39k | €-68k | €-50k | €-84k | ▼ 67.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €215k | €153k | €147k | €116k | €91k | ▼ 21.6% |
| Fixed assets21/28 | €101k | €129k | €119k | €110k | €90k | ▼ 17.7% |
| Tangible fixed assets22/27 | €101k | €129k | €119k | €110k | €90k | ▼ 17.7% |
| Furniture and vehicles24 | €80k | €71k | €63k | €62k | €50k | ▼ 19.6% |
| Other tangible fixed assets26 | €20k | €58k | €55k | €48k | €41k | ▼ 15.2% |
| Current assets29/58 | €115k | €23k | €29k | €6k | €725 | ▼ 88.6% |
| Amounts receivable within one year40/41 | €12k | €9k | - | €2k | €351 | ▼ 79.5% |
| Other amounts receivable41 | €12k | €9k | - | €2k | €351 | ▼ 79.5% |
| Cash at bank and in hand54/58 | €103k | €14k | €29k | €5k | €375 | ▼ 92.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €215k | €153k | €147k | €116k | €91k | ▼ 21.6% |
| Equity10/15 | €50k | €11k | €-57k | €-107k | €-191k | ▼ 78.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €32k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €30k | - | - | - | - | - |
| Profit (loss) carried forward14 | - | €-9k | €-77k | €-128k | €-212k | ▼ 66.1% |
| Amounts payable17/49 | €165k | €141k | €204k | €223k | €282k | ▲ 26.5% |
| Amounts payable after more than one year17 | €74k | €65k | €57k | €48k | €39k | ▼ 18.9% |
| Financial debts170/4 | €74k | €65k | €57k | €48k | €39k | ▼ 18.9% |
| Amounts payable within one year42/48 | €90k | €76k | €148k | €176k | €244k | ▲ 38.8% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €9k | €9k | €9k | ▲ 1.2% |
| Trade debts44 | €1k | €339 | €1k | €331 | €2k | ▲ 606% |
| Suppliers440/4 | €1k | €339 | €1k | €331 | €2k | ▲ 606% |
| Taxes, remuneration and social security45 | €6k | €727 | €7k | - | €2k | - |
| Taxes450/3 | €6k | €727 | €7k | - | €2k | - |
| Other amounts payable47/48 | €75k | €66k | €131k | €166k | €230k | ▲ 38.5% |
| Accrued charges and deferred income492/3 | €744 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €-39k | €-68k | €-50k | €-84k | ▼ 67.6% |
| + Depreciation and write-downs630 | €9k | €14k | €17k | €18k | €19k | ▲ 10.2% |
| Operating cash flow (approximation) | €39k | €-24k | €-51k | €-33k | €-65k | ▼ 98.6% |
| Investment in fixed assets (approximation) | - | €-43k | €-6k | €-9k | €0 | ▲ 100% |
| Change in cash | - | €-89k | €15k | €-24k | €-4k | ▲ 82.0% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-84k
Net result drops to €-84k, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €94k ▲75.2%
Operating result €133k, net result €94k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 2.83
Current ratio from 1.34 to 2.83; short-term debt falls from €188k to €66k.
30-09
Financial
Equity above €100kEq €119k ▲85.4%
3 profitable years in a row build equity to €119k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
19-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Alken · 1 establishment unit since 2014
Ground area
1,529 m²
Building footprint
201 m²
Parcel 73302F0717/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
STELACO
since 20142.234.372.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73302F0717/00G000 | Flanders | 1,529 m² | 1 · 201 m² | 0.0 m |
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.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,896. 3,863 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
Founded20-08-2014
Fiscal year end30-09
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
78100Employment placement agencies
Scores and ratios are computed by Checked and are not a credit decision.