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STELIEFORM

Active
Private limited companyfounded 201016 yrs activeKonijnenboslaan 32, 8470 Gistel, BelgiumKBO/BCE: BE 0826.575.602
Summary

The computed 12-month bankruptcy probability of STELIEFORM is 5.2% (elevated). The 2024 annual accounts show negative equity (-€590,966) and a net result of -€212,403. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 304 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
STELIEFORMActiveChecked score 35/100
Risk analysis ReportCompare

Overview

What they do
Manufacture of dining room, living room, bedroom and bathroom furniture
NACE 31004NACE 31091
#5 company by staff growth in West Flanders, Furniture sector1 site
How big
€3.4mtotal assets 2024
Staff
26.2 FTE
Equity
-€590,966
Loss
-€212,403
Turnover not published (abridged schema)
Financially healthy?
35 Weak Checked score 2024
Bankruptcy chance 12 m
5.2%
Who decides
Accounts 63 d overdue1 of 9 deeds read
Why 35- Liquidity: current ratio 0.57, cash €3,438- Figures for FY 2024 (filed 19-07-2025)- Size: 26.2 FTE, total assets €3.4m- Negative equity -€590,966Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 11% of its sector peers (NACE 31, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 8-7
equity -17.3% of total assets
Liquidity 21-4
short-term debt 55.8% · cash 0.1%
Profitability 24+10
return on assets -6.2%
Bankruptcy probability, 12 months
5.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (135 companies)
Last 24 months 11-2024: 4.1% 12-2024: 4.1%● 0.0% vs 11-2024 01-2025: 4.1%● 0.0% vs 12-2024 02-2025: 4.2%▲ +1.4% vs 01-2025 03-2025: 4.7%▲ +13.2% vs 02-2025 04-2025: 4.8%▲ +1.0% vs 03-2025 05-2025: 4.8%▲ +1.0% vs 04-2025 06-2025: 4.9%▲ +2.8% vs 05-2025 07-2025: 5.4%▲ +8.5% vs 06-2025highest value 08-2025: 3.1%▼ -41.6% vs 07-2025 09-2025: 3.0%▼ -5.2% vs 08-2025 10-2025: 3.0%● 0.0% vs 09-2025 11-2025: 2.9%▼ -0.9% vs 10-2025lowest value 12-2025: 2.9%● 0.0% vs 11-2025lowest value 01-2026: 2.9%● 0.0% vs 12-2025lowest value 02-2026: 3.1%▲ +4.7% vs 01-2026 03-2026: 3.5%▲ +13.1% vs 02-2026 04-2026: 3.5%● 0.0% vs 03-2026 05-2026: 3.5%▼ -0.3% vs 04-2026 06-2026: 3.6%▲ +2.5% vs 05-2026 07-2026: 3.7%▲ +5.1% vs 06-2026 08-2026: 4.5%▲ +21.5% vs 07-2026 09-2026: 4.8%▲ +5.5% vs 08-2026 10-2026: 5.2%▲ +8.2% vs 09-2026
  • Liquidity: current ratio 0.57, cash €3,438 raises the probability
  • Figures for FY 2024 (filed 19-07-2025) raises the probability
  • Size: 26.2 FTE, total assets €3.4m raises the probability for this profile
  • Negative equity -€590,966 raises the probability
No credit on open account
Liquidity short (current ratio 0.57 against 0.65 in 2023; short-term debt: 55.8% and cash: 0.1% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 31, small). Better than this share of them on solvency 7%, liquidity 15%, profitability 18%, growth against the median 5%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 0.57, cash €3,438
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 19-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: 26.2 FTE, total assets €3.4m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€590,966
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€590,966
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-07-2025, 12 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
12 d early
2023
10 d early
2022
75 d early
2021
9 d early
2020
31 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Capital & shares · Statutes amendmentAuditor report · Declaration ·…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€590,966 View
  • Caution: Among the weakest 5% on net resultsector median €18,899 · 304 companies -€212,403 View
  • Caution: Equity fell in 2024from -€378,563 to -€590,966 ▼ 56.1% View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€212,403 View

By topic

Financials

Fiscal year
2024
Total assets
€3.4m
Loss
-€212,403
Solvency
-17.3%
Total assets▼ 9.7%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 13-05-2026Capital & shares · Statutes amendment
  2. 19-07-2025Annual accounts filed
  3. 21-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of dining room, living room, bedroom and…NACE 31004
Founded
09-06-2010
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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