STELIVAN
ActiveSummary
STELIVAN has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184k and a net result of €25k. Equity is growing by ~7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+21
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 7.14 against 7.78 in 2024; short-term debt: 13.4% and cash: 28% of total assets), and 14.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
85.9%
Return on assets
11.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
26 d late
2023
23 d late
2022
28 d late
2021
31 d late
2020
28 d late
2019
24 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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€184k▲ 7.9%
2024 · €170k
Total assets
€214k▲ 9.1%
2024 · €196k
Net result
€25k▲ 26.7%
2024 · €20k
Working capital
€176k▲ 6.6%
2024 · €165k
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€52k▲ 29.8%€52k▼ 0.4%€32k▼ 37.7%€22k▼ 30.5%€39k▲ 72.3%
Net result€31k▲ 19.3%€25k▼ 22.0%€26k▲ 4.0%€20k▼ 21.3%€25k▲ 26.7%
Equity€132k▲ 0.2%€150k▲ 14.1%€162k▲ 7.7%€170k▲ 5.5%€184k▲ 7.9%
Total assets€182k▲ 0.7%€176k▼ 3.1%€197k▲ 11.7%€196k▼ 0.3%€214k▲ 9.1%
Debt€50k▲ 2.1%€26k▼ 48.2%€35k▲ 35.2%€26k▼ 26.9%€30k▲ 16.7%
Working capital€123k▼ 0.9%€146k▲ 18.6%€157k▲ 7.4%€165k▲ 5.1%€176k▲ 6.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214k
Fixed assets
€10k ▲ 36.0%
Current assets
€204k ▲ 8.1%
Equity and liabilities €214k
Equity
€184k ▲ 7.9%
Debt
€30k ▲ 16.7%
Debt's share of the balance-sheet total rises from 13.1% to 14.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▲
2024 · €25k
Cash flow
€29k▲
2024 · €23k
Current ratio
7.14▼
2024 · 7.78
Debt to equity
0.16▲
2024 · 0.15
ROE
13.8%▲
2024 · 11.8%
ROA
11.9%▲
2024 · 10.2%
Interest coverage
93.22▲
2024 · -6.21
Debt ≤ 1 year
€29k▲
2024 · €24k
Income taxes
€15k▲
2024 · €8k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €2k | €3k | €4k | ▲ 27.9% |
| Other operating charges640/8 | €633 | €738 | €788 | €799 | €817 | ▲ 2.2% |
| Gross operating margin9900 | €55k | €55k | €35k | €26k | €43k | ▲ 64.9% |
| Operating profit (loss)9901 | €52k | €52k | €32k | €22k | €39k | ▲ 72.3% |
| Financial income75/76B | €1k | €1k | €656 | €2k | €2k | ▲ 29.0% |
| Recurring financial income75 | €1k | €1k | €656 | €2k | €2k | ▲ 29.0% |
| Financial charges65/66B | €4k | €12k | €-5k | €-4k | €456 | ▲ 111% |
| Recurring financial charges65 | €4k | €12k | €-5k | €-4k | €456 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €49k | €41k | €38k | €28k | €40k | ▲ 43.0% |
| Income taxes67/77 | €18k | €16k | €13k | €8k | €15k | ▲ 84.1% |
| Profit (loss) for the period9904 | €31k | €25k | €26k | €20k | €25k | ▲ 26.7% |
| Transfer from tax-exempt reserves789 | €950 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €32k | €25k | €26k | €20k | €25k | ▲ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182k | €176k | €197k | €196k | €214k | ▲ 9.1% |
| Fixed assets21/28 | €9k | €6k | €8k | €7k | €10k | ▲ 36.0% |
| Tangible fixed assets22/27 | €9k | €6k | €8k | €7k | €10k | ▲ 36.0% |
| Plant, machinery and equipment23 | €119 | - | €1k | €869 | €689 | ▼ 20.7% |
| Furniture and vehicles24 | €5k | €3k | €5k | €3k | €7k | ▲ 135% |
| Other tangible fixed assets26 | €4k | €3k | €2k | €3k | €2k | ▼ 37.8% |
| Current assets29/58 | €173k | €171k | €189k | €189k | €204k | ▲ 8.1% |
| Amounts receivable within one year40/41 | €9k | €5k | €4k | €7k | €7k | ▲ 6.7% |
| Trade receivables40 | €2k | - | - | - | - | - |
| Other amounts receivable41 | €8k | €5k | €4k | €7k | €7k | ▲ 6.7% |
| Current investments50/53 | €52k | €91k | €122k | €147k | €132k | ▼ 10.2% |
| Cash at bank and in hand54/58 | €106k | €67k | €55k | €27k | €60k | ▲ 123% |
| Deferred charges and accrued income490/1 | €6k | €8k | €7k | €9k | €5k | ▼ 38.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182k | €176k | €197k | €196k | €214k | ▲ 9.1% |
| Equity10/15 | €132k | €150k | €162k | €170k | €184k | ▲ 7.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €125k | €144k | €155k | €164k | €178k | ▲ 8.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €124k | €142k | €154k | €162k | €176k | ▲ 8.3% |
| Amounts payable17/49 | €50k | €26k | €35k | €26k | €30k | ▲ 16.7% |
| Amounts payable within one year42/48 | €50k | €25k | €32k | €24k | €29k | ▲ 17.7% |
| Trade debts44 | €550 | €341 | €267 | €444 | €2k | ▲ 400% |
| Suppliers440/4 | €550 | €341 | €267 | €444 | €2k | ▲ 400% |
| Taxes, remuneration and social security45 | €4k | €8k | €5k | €2k | €6k | ▲ 174% |
| Taxes450/3 | €4k | €8k | €5k | €2k | €6k | ▲ 174% |
| Other amounts payable47/48 | €45k | €17k | €27k | €22k | €20k | ▼ 6.2% |
| Accrued charges and deferred income492/3 | - | €2k | €3k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €25k | €26k | €20k | €25k | ▲ 26.7% |
| + Depreciation and write-downs630 | €2k | €3k | €2k | €3k | €4k | ▲ 27.9% |
| Operating cash flow (approximation) | €34k | €27k | €28k | €23k | €29k | ▲ 26.8% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-2k | €-7k | ▼ 165% |
| Change in cash | - | €-39k | €-11k | €-29k | €33k | ▲ 216% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 6.94
Current ratio from 3.45 to 6.94; short-term debt falls from €50k to €25k.
31-12
Financial
Equity above €150kEq €150k ▲14.1%
5 profitable years in a row build equity to €150k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €31k ▲19.3%
Operating result €52k, net result €31k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Beringen
Ground area
714 m²
Building footprint
180 m²
Volume, LiDAR
1,020 m³
Parcel 71029B0185/00H000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B0185/00H000 | Flanders | 714 m² | 1 · 180 m² | 8.2 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-2002
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.