Financials
- Fiscal year
- 2025
- Total assets
- €1.3m
- Loss
- -€33,588
- Solvency
- 77.6%
Total assets▼ 4.6%
Net result
20182025
STELUT
ActiveSummary
STELUT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €986,252 and a net result of -€33,588. Equity remains stable across the filed fiscal years (±1.6% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Activity not known
How big
€1.3mtotal assets 2025
- Equity
- €986,252
- Loss
- -€33,588
Turnover not published (abridged schema)
Who decides
Accounts filed 21 d late0 of 6 deeds read
Why 94- No establishment unit in the KBO- Loss of €33,588, the second in a row (FY 2025)+ Size: total assets €1.3m+ Figures for FY 2025 (filed 21-08-2026)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Better than 52% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
100=
equity 77.6% of total assets
Liquidity
55+2
short-term debt 1.9% · cash 4.1%
Profitability
65+53
return on assets -2.6%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: total assets €1.3m lowers the probability for this profile
- No establishment unit in the KBO raises the probability
- Figures for FY 2025 (filed 21-08-2026) lowers the probability
- Loss of €33,588, the second in a row (FY 2025) raises the probability
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 7.54 against 8.9 in 2024; short-term debt: 1.9% and cash: 4.1% of total assets), and 22.4% of the assets are financed with debt.
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 (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 51%, profitability 43%, growth against the median 32%. 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.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€33,588
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
22 d late
2023
2 d early
2022
4 d early
2021
30 d late
2020
31 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 21 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€76,076
Key points
By topic
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 21-08-2026Annual accounts filed
- 22-08-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Legal form
- Public limited company
- Founded
- 12-01-2011
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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