STELODEV
ActiveSummary
STELODEV has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €511k and a net result of €141k. Equity is growing by ~52.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-17
Solvency67▼-33
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.61 against 3.1 in 2024; short-term debt: 5.9% and cash: 13% of total assets), but 57.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
42.2%
Return on assets
11.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-04-2026, 98 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
98 d early
2024
41 d early
2023
12 d early
2022
11 d early
2021
11 d early
2020
11 d early
2019
31 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
Financials · fiscal year 2025, micro schema
Equity
€511k▲ 37.9%
2024 · €371k
2018: €34k
2019: €25k▼ -28.0% vs 2018
2020: €1k▼ -94.0% vs 2019lowest in 8 years
2021: €120k▲ +7985% vs 2020
2022: €123k▲ +2.8% vs 2021
2023: €242k▲ +95.9% vs 2022
2024: €371k▲ +53.3% vs 2023
2025: €511k▲ +37.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.21M▲ 164%
2024 · €458k
2018: €60klowest in 8 years
2019: €153k▲ +154% vs 2018
2020: €127k▼ -17.1% vs 2019
2021: €280k▲ +120% vs 2020
2022: €286k▲ +2.3% vs 2021
2023: €314k▲ +9.8% vs 2022
2024: €458k▲ +45.8% vs 2023
2025: €1.21M▲ +164% vs 2024highest in 8 years
2018 → 2025
Net result
€141k▲ 9.0%
2024 · €130k
2018: €18k
2019: €-10k▼ -154% vs 2018
2020: €-23k▼ -142% vs 2019lowest in 8 years
2021: €119k▲ +611% vs 2020
2022: €4k▼ -96.5% vs 2021
2023: €119k▲ +2740% vs 2022
2024: €130k▲ +8.8% vs 2023
2025: €141k▲ +9.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€115k▼ 34.3%
2024 · €175k
2018: €35k
2019: €25k▼ -27.3% vs 2018
2020: €1k▼ -94.7% vs 2019lowest in 8 years
2021: €90k▲ +6678% vs 2020
2022: €20k▼ -77.5% vs 2021
2023: €43k▲ +113% vs 2022
2024: €175k▲ +303% vs 2023highest in 8 years
2025: €115k▼ -34.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€123k▲ 2.8%€242k▲ 95.9%€371k▲ 53.3%€511k▲ 37.9%
2021: €120klowest in 5 years
2022: €123k▲ +2.8% vs 2021
2023: €242k▲ +95.9% vs 2022
2024: €371k▲ +53.3% vs 2023
2025: €511k▲ +37.9% vs 2024highest in 5 years
Operating result€-35k-€-45k▼ 27.0%€-66k▼ 45.4%€-53k▲ 19.1%€-41k▲ 23.3%
2021: €-35khighest in 5 years
2022: €-45k▼ -27.0% vs 2021
2023: €-66k▼ -45.4% vs 2022lowest in 5 years
2024: €-53k▲ +19.1% vs 2023
2025: €-41k▲ +23.3% vs 2024
Net result€119k-€4k▼ 96.5%€119k▲ 2,740%€130k▲ 8.8%€141k▲ 9.0%
2021: €119k
2022: €4k▼ -96.5% vs 2021lowest in 5 years
2023: €119k▲ +2740% vs 2022
2024: €130k▲ +8.8% vs 2023
2025: €141k▲ +9.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €41k in 2025 against €53k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€1.02M ▲ 412%
Current assets
€186k ▼ 27.9%
Equity and liabilities €1.21M
Equity
€511k ▲ 37.9%
Debt
€699k ▲ 702%
Debt's share of the balance-sheet total rises from 19.0% to 57.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-41k▲
2024 · €-52k
Cash flow
€141k▲
2024 · €131k
Current ratio
2.61▼
2024 · 3.10
Debt to equity
1.37▲
2024 · 0.24
ROE
27.6%▼
2024 · 35.0%
ROA
11.7%▼
2024 · 28.3%
Interest coverage
-11.13▲
2024 · -12.52
Debt ≤ 1 year
€71k▼
2024 · €83k
Debt > 1 year
€624k
Income taxes
€14k▲
2024 · €13k
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 | €581 | €2k | €2k | €1k | €0 | ▼ 100% |
| Other operating charges640/8 | €999 | €2k | €732 | €1k | €3k | ▲ 117% |
| Gross operating margin9900 | €-34k | €-42k | €-63k | €-50k | €-38k | ▲ 24.5% |
| Operating profit (loss)9901 | €-35k | €-45k | €-66k | €-53k | €-41k | ▲ 23.3% |
| Financial income75/76B | €164k | €50k | €200k | €200k | €200k | = |
| Recurring financial income75 | €164k | €50k | €200k | €200k | €200k | = |
| Financial charges65/66B | €235 | €69 | €3k | €4k | €4k | ▼ 11.4% |
| Recurring financial charges65 | €235 | €69 | €3k | €4k | €4k | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €128k | €5k | €132k | €143k | €156k | ▲ 9.0% |
| Income taxes67/77 | €9k | €683 | €12k | €13k | €14k | ▲ 8.9% |
| Profit (loss) for the period9904 | €119k | €4k | €119k | €130k | €141k | ▲ 9.0% |
| Profit (loss) for the period to be appropriated9905 | €119k | €4k | €119k | €130k | €141k | ▲ 9.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €280k | €286k | €314k | €458k | €1.21M | ▲ 164% |
| Fixed assets21/28 | €130k | €203k | €201k | €200k | €1.02M | ▲ 412% |
| Tangible fixed assets22/27 | €5k | €3k | €1k | €0 | - | - |
| Furniture and vehicles24 | €5k | €3k | €1k | €0 | - | - |
| Financial fixed assets28 | €125k | €200k | €200k | €200k | €1.02M | ▲ 412% |
| Current assets29/58 | €150k | €83k | €113k | €258k | €186k | ▼ 27.9% |
| Amounts receivable within one year40/41 | €16k | €20k | €622 | €11k | €26k | ▲ 137% |
| Trade receivables40 | €10k | €20k | €0 | €11k | €25k | ▲ 127% |
| Other amounts receivable41 | €6k | €274 | €622 | €151 | €1k | ▲ 843% |
| Cash at bank and in hand54/58 | €132k | €61k | €110k | €245k | €157k | ▼ 35.7% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €2k | €2k | ▲ 7.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €280k | €286k | €314k | €458k | €1.21M | ▲ 164% |
| Equity10/15 | €120k | €123k | €242k | €371k | €511k | ▲ 37.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €101k | €105k | €223k | €352k | €493k | ▲ 39.9% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €100k | €103k | €223k | €352k | €493k | ▲ 39.9% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €160k | €163k | €72k | €87k | €699k | ▲ 702% |
| Amounts payable after more than one year17 | €100k | €100k | €0 | - | €624k | - |
| Other amounts payable178/9 | €100k | €100k | €0 | - | €624k | - |
| Amounts payable within one year42/48 | €60k | €63k | €69k | €83k | €71k | ▼ 14.4% |
| Trade debts44 | €537 | €1k | €79 | €541 | €587 | ▲ 8.6% |
| Suppliers440/4 | €537 | €1k | €79 | €541 | €587 | ▲ 8.6% |
| Taxes, remuneration and social security45 | €9k | €12k | €18k | €29k | €17k | ▼ 42.4% |
| Taxes450/3 | €9k | €12k | €18k | €29k | €17k | ▼ 42.4% |
| Other amounts payable47/48 | €50k | €49k | €51k | €53k | €54k | ▲ 0.6% |
| Accrued charges and deferred income492/3 | - | - | €3k | €4k | €4k | ▼ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119k | €4k | €119k | €130k | €141k | ▲ 9.0% |
| + Depreciation and write-downs630 | €581 | €2k | €2k | €1k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €120k | €6k | €121k | €131k | €141k | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | €-75k | €0 | €0 | €-824k | - |
| Change in cash | - | €-71k | €49k | €134k | €-87k | ▼ 165% |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €141k ▲9%
Net result €141k, the highest in the series.
31-12
Financial
Equity above €500kEq €511k ▲37.9%
5 profitable years in a row build equity to €511k.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €242k ▲95.9%
3 profitable years in a row build equity to €242k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €119k
Net result €119k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.51
Current ratio from 1.05 to 2.51.
31-12
Financial
Equity above €100kEq €120k ▲7,985%
Equity rises from €1k to €120k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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, Gent · 1 establishment unit since 2016
Ground area
117 m²
Building footprint
90 m²
Volume, LiDAR
1,279 m³
Parcel 44809I0775/00W010, Flanders · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Stelodev BVBA
since 20162.257.433.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0775/00W010 | Flanders | 117 m² | 1 · 90 m² | 17.2 m · 5 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 34,477 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
Founded06-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.