STELWIG
ActiveThe annual accounts of STELWIG for fiscal year 2024 show a net loss of 85% of total assets and of 52% of the equity at the start of that year. The 2024 annual accounts show equity of €51k and a net result of €-56k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 19348 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency100▲+15
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.02 against 1.64 in 2023; short-term debt: 22.3% and cash: 33.8% of total assets), and 22.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
77.7%
Return on assets
-84.7%
Age of the figures
21 mo
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 23-06-2025, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
114 d early
2022
33 d early
2021
48 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€51k▼ 52.1%
2023 · €107k
2021: €30k
2022: €59k
2023: €107k
2021 → 2024
Total assets
€66k▼ 62.9%
2023 · €177k
2021: €110k
2022: €147k
2023: €177k
2021 → 2024
Net result
€-56k
2023 · €47k
2021: €15k
2022: €40k
2023: €47k
2021 → 2024
Working capital
€15k▼ 67.0%
2023 · €45k
2021: €-11k
2022: €7k
2023: €45k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€30k-€59k▲ 100%€107k▲ 79.5%€51k▼ 52.1%
Operating result€19k-€53k▲ 172%€64k▲ 22.2%€-55k
Net result€15k-€40k▲ 170%€47k▲ 19.2%€-56k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €55k after €64k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €66k
Fixed assets
€36k▼ 41.2%
Current assets
€30k▼ 74.4%
Equity and liabilities €66k
Equity
€51k▼ 52.1%
Debt
€15k▼ 79.1%
The debt ratio falls from 39.7% to 22.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-30k▼
2023 · €89k
Cash flow
€-30k▼
2023 · €72k
Solvency
77.7%▲
2023 · 60.3%
Current ratio
2.02▲
2023 · 1.64
Quick ratio
1.93▲
2023 · 1.61
Debt / equity
0.29▼
2023 · 0.66
ROE
-109.0%▼
2023 · 44.3%
ROA
-84.7%▼
2023 · 26.7%
Interest coverage
-100.00▼
2023 · 159.43
Debt
€15k▼
2023 · €70k
Debt ≤ 1 year
€15k▼
2023 · €70k
Income taxes
€587▼
2023 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€177k€66k▼
Fixed assets21/28€61k€36k▼
Tangible fixed assets22/27€61k€36k▼
Furniture and vehicles24€55k€31k▼
Other tangible fixed assets26€6k€6k▼
Current assets29/58€115k€30k▼
Stocks and contracts in progress3€3k€1k▼
Stocks30/36€1k€1k=
Contracts in progress37€1k-
Amounts receivable within one year40/41€17k€2k▼
Trade receivables40€17k€205▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€92k€22k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€177k€66k▼
Equity10/15€107k€51k▼
Contributions10/11€15k€15k=
Profit (loss) carried forward14€92k€36k▼
Amounts payable17/49€70k€15k▼
Amounts payable within one year42/48€70k€15k▼
Current portion of amounts payable after more than one year42€21k€4k▼
Trade debts44€1k€994▼
Suppliers440/4€1k€994▼
Taxes, remuneration and social security45€42k€8k▼
Taxes450/3€42k€8k▼
Other amounts payable47/48€6k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€25k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€90k€-28k▼
Operating profit (loss)9901€64k€-55k▼
Financial income75/76B€5€106▲
Recurring financial income75€5€106▲
Financial charges65/66B€560€295▼
Recurring financial charges65€560€295▼
Profit (loss) for the period before taxes9903€64k€-55k▼
Income taxes67/77€16k€587▼
Profit (loss) for the period9904€47k€-56k▼
Profit (loss) for the period to be appropriated9905€47k€-56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€92k€36k▼
Profit (loss) brought forward from the previous period14P€44k€92k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-56k ▼218%
Net result drops to €-56k, the lowest in the series.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €47k ▲19.2%
Operating result €64k, net result €47k, both a record.
31-12
Financial
Equity above €100kEq €107k ▲79.5%
3 profitable years in a row build equity to €107k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Heist-op-den-Berg · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hellegatstraat(ITE) 12222 Heist-op-den-BergGround area
878 m²
Building footprint
154 m²
Volume, LiDAR
598 m³
Parcel 12017C0420/00T000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
STELWIG
since 20212.313.652.017
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12017C0420/00T000 | Flanders | 878 m² | 1 · 154 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 135 EUR awarded · 135 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,378. 5,021 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2021
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.