Stellar Build
ActiveSummary
Stellar Build has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €40,359 and a net result of €35,403. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▼-12
Solvency43▼-56
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 3.56 in 2023; short-term debt: 65.7% and cash: 8.1% of total assets), and 82.1% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
17.9%
Return on assets
15.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11620 sector peers (2024).
NBB · sector comparisonPosition among 11620 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
28 d late
2021
10 d late
2020
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€40,359▼ 53.4%
2023 · €86,621
Total assets
€225,217▲ 91.6%
2023 · €117,574
Net result
€35,403▼ 11.0%
2023 · €39,764
Working capital
€73,263▼ 7.5%
2023 · €79,238
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€37,831-€41,011▲ 8.4%€59,682▲ 45.5%€55,875▼ 6.4%€61,441▲ 10.0%
Net result€27,666within the sector's middle half-€30,751within the sector's middle half▲ 11.2%€44,291above the sector's middle half▲ 44.0%€39,764within the sector's middle half▼ 10.2%€35,403within the sector's middle half▼ 11.0%
Equity€28,566within the sector's middle half-€59,316within the sector's middle half▲ 108%€77,607within the sector's middle half▲ 30.8%€86,621within the sector's middle half▲ 11.6%€40,359within the sector's middle half▼ 53.4%
Total assets€47,692below the sector's middle half-€89,123within the sector's middle half▲ 86.9%€123,930within the sector's middle half▲ 39.1%€117,574within the sector's middle half▼ 5.1%€225,217within the sector's middle half▲ 91.6%
Debt€19,126-€29,806▲ 55.8%€46,323▲ 55.4%€30,953▼ 33.2%€184,858▲ 497%
Working capital€27,863within the sector's middle half-€34,826within the sector's middle half▲ 25.0%€72,871within the sector's middle half▲ 109%€79,238within the sector's middle half▲ 8.7%€73,263within the sector's middle half▼ 7.5%
Solvency59.9%within the sector's middle half-66.6%within the sector's middle half▲ 6.7pp62.6%within the sector's middle half▼ 3.9pp73.7%within the sector's middle half▲ 11.1pp17.9%below the sector's middle half▼ 55.8pp
Current ratio2.46within the sector's middle half-2.17within the sector's middle half▼ 0.292.57within the sector's middle half▲ 0.403.56within the sector's middle half▲ 0.991.49within the sector's middle half▼ 2.07
Return on assets (ROA)58.0%above the sector's middle half-34.5%above the sector's middle half▼ 23.5pp35.7%above the sector's middle half▲ 1.2pp33.8%above the sector's middle half▼ 1.9pp15.7%within the sector's middle half▼ 18.1pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 10% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €225,217
Fixed assets
€3,911 ▼ 47.0%
Current assets
€221,306 ▲ 101%
Equity and liabilities €225,217
Equity
€40,359 ▼ 53.4%
Debt
€184,858 ▲ 497%
Debt's share of the balance-sheet total rises from 26.3% to 82.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64,912▲
2023 · €59,113
Cash flow
€38,875▼
2023 · €43,002
Quick ratio
0.22▼
2023 · 3.43
Debt to equity
4.58▲
2023 · 0.36
ROE
87.7%▲
2023 · 45.9%
Interest coverage
6.08▼
2023 · 12.40
Debt ≤ 1 year
€148,043▲
2023 · €30,953
Debt > 1 year
€36,816
Income taxes
€16,347▲
2023 · €11,700
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €21 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,274 | €4,424 | €896 | €3,238 | €3,472 | ▲ 7.2% |
| Other operating charges640/8 | - | €722 | €752 | €1,383 | €1,154 | ▼ 16.5% |
| Gross operating margin9900 | €39,588 | €46,157 | €61,329 | €60,496 | €66,067 | ▲ 9.2% |
| Operating profit (loss)9901 | €37,831 | €41,011 | €59,682 | €55,875 | €61,441 | ▲ 10.0% |
| Financial income75/76B | - | €3 | - | €354 | €992 | ▲ 180% |
| Recurring financial income75 | - | €3 | - | €354 | €992 | ▲ 180% |
| Financial charges65/66B | - | €1,747 | €2,259 | €4,766 | €10,682 | ▲ 124% |
| Recurring financial charges65 | €1,390 | €1,747 | €2,259 | €4,766 | €10,682 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €36,441 | €39,267 | €57,422 | €51,463 | €51,751 | ▲ 0.6% |
| Income taxes67/77 | €8,775 | €8,517 | €13,131 | €11,700 | €16,347 | ▲ 39.7% |
| Profit (loss) for the period9904 | €27,666 | €30,751 | €44,291 | €39,764 | €35,403 | ▼ 11.0% |
| Profit (loss) for the period to be appropriated9905 | €27,666 | €30,751 | €44,291 | €39,764 | €35,403 | ▼ 11.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,692 | €89,123 | €123,930 | €117,574 | €225,217 | ▲ 91.6% |
| Fixed assets21/28 | €702 | €24,491 | €4,736 | €7,383 | €3,911 | ▼ 47.0% |
| Tangible fixed assets22/27 | €702 | €24,491 | €4,736 | €7,383 | €3,911 | ▼ 47.0% |
| Plant, machinery and equipment23 | - | €545 | €2,016 | €1,840 | €1,059 | ▼ 42.4% |
| Furniture and vehicles24 | - | €23,946 | €2,720 | €1,801 | €881 | ▼ 51.1% |
| Other tangible fixed assets26 | - | - | - | €3,742 | €1,971 | ▼ 47.3% |
| Current assets29/58 | €46,990 | €64,632 | €119,194 | €110,191 | €221,306 | ▲ 101% |
| Stocks and contracts in progress3 | €1,075 | - | €15,603 | €3,973 | €189,006 | ▲ 4,657% |
| Stocks30/36 | - | - | €15,603 | €3,973 | €189,006 | ▲ 4,657% |
| Amounts receivable within one year40/41 | €24,351 | €9,603 | €31,310 | €42,926 | €1,318 | ▼ 96.9% |
| Trade receivables40 | - | €9,030 | €28,919 | €28,252 | €1,318 | ▼ 95.3% |
| Other amounts receivable41 | - | €573 | €2,391 | €14,674 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €21,304 | €45,465 | €66,669 | €47,673 | €18,321 | ▼ 61.6% |
| Deferred charges and accrued income490/1 | - | €9,565 | €5,613 | €15,618 | €12,661 | ▼ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,692 | €89,123 | €123,930 | €117,574 | €225,217 | ▲ 91.6% |
| Equity10/15 | €28,566 | €59,316 | €77,607 | €86,621 | €40,359 | ▼ 53.4% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | - | - | - | €35,403 | - |
| Distributable reserves133 | - | - | - | - | €35,403 | - |
| Profit (loss) carried forward14 | €26,066 | €56,816 | €75,107 | €84,121 | €2,455 | ▼ 97.1% |
| Amounts payable17/49 | €19,126 | €29,806 | €46,323 | €30,953 | €184,858 | ▲ 497% |
| Amounts payable after more than one year17 | - | - | - | - | €36,816 | - |
| Financial debts170/4 | - | - | - | - | €36,816 | - |
| Amounts payable within one year42/48 | €19,126 | €29,806 | €46,323 | €30,953 | €148,043 | ▲ 378% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,332 | - |
| Trade debts44 | €3,168 | €5,734 | €10,848 | €13,718 | €14,059 | ▲ 2.5% |
| Suppliers440/4 | - | €5,734 | €10,848 | €13,718 | €14,059 | ▲ 2.5% |
| Taxes, remuneration and social security45 | - | €18,984 | €35,475 | €17,234 | €30,127 | ▲ 74.8% |
| Taxes450/3 | - | €18,984 | €35,475 | €17,234 | €30,127 | ▲ 74.8% |
| Other amounts payable47/48 | - | €5,088 | - | - | €96,525 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,666 | €30,751 | €44,291 | €39,764 | €35,403 | ▼ 11.0% |
| + Depreciation and write-downs630 | €1,274 | €4,424 | €896 | €3,238 | €3,472 | ▲ 7.2% |
| Operating cash flow (approximation) | €28,939 | €35,175 | €45,187 | €43,002 | €38,875 | ▼ 9.6% |
| Investment in fixed assets (approximation) | - | -€28,212 | €18,858 | -€5,885 | €0 | ▲ 100% |
| Change in cash | - | €24,161 | €21,204 | -€18,995 | -€29,352 | ▼ 54.5% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Highest result since 2020net €44,291 ▲44%
Net result €44,291, the highest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 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, Deinze · 1 establishment unit since 2020
Ground area
1,310 m²
Building footprint
199 m²
Volume, LiDAR
231 m³
Parcel 44044B1075/00K002, Flanders · tallest building 7.1 m. Linked by address, not a title deed.
1 establishment unit
Stellar Build
since 20202.298.849.718
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44044B1075/00K002 | Flanders | 1,310 m² | 1 · 199 m² | 7.1 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400EN0EZOB044L141
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Of 18,250 companies in sector 71111 we hold annual accounts for 6,321. 5,180 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
Founded16-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
68121Development of residential building projects
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741662097
Also
9925:BE0741662097
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.