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STENA

Active
Private limited companyfounded 198541 yrs activeElf Dagwand 24, 9473 Denderleeuw, BelgiumKBO/BCE: BE 0427.618.461
Summary

STENA has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,411 and a net result of -€12,125. Equity is growing by ~6.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability2▼-64
Solvency55▼-11
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.18 against 5.04 in 2024; short-term debt: 13.3% and cash: 0.6% of total assets), but 70% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 41 years 0 50 y
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 2025
Solvency, return and age of the figures
Solvency
30%
Return on assets
-13.8%
Age of the figures
9 mo
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12,125
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 d late
2024
61 d late
2023
64 d late
2022
27 d early
2021
43 d early
2020
24 d late
2019
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 20 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

STENA was incorporated on 1 May 1985.1 Total assets fell from EUR 120,200 in 2018 to EUR 88,128 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€26,411▼ 31.5%
2024 · €38,536
Total assets
€88,128▼ 6.4%
2024 · €94,197
Net result
-€12,125▼ 447%
2024 · -€2,217
Working capital
€13,836▼ 39.5%
2024 · €22,877
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€6,922▲ 131%€11,111▲ 60.5%-€5,922-€2,082▲ 64.8%-€11,927▼ 473%
Net result€6,763▲ 131%€10,915▲ 61.4%-€6,108-€2,217▲ 63.7%-€12,125▼ 447%
Equity€35,947▲ 23.2%€46,861▲ 30.4%€40,753▼ 13.0%€38,536▼ 5.4%€26,411▼ 31.5%
Total assets€100,705▼ 3.3%€98,371▼ 2.3%€94,563▼ 3.9%€94,197▼ 0.4%€88,128▼ 6.4%
Debt€64,759▼ 13.6%€51,510▼ 20.5%€53,810▲ 4.5%€55,661▲ 3.4%€61,717▲ 10.9%
Working capital€23,076▲ 0.5%€24,757▲ 7.3%€21,871▼ 11.7%€22,877▲ 4.6%€13,836▼ 39.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2021: €6,922€6,922Net result 2021: €6,763€6,763Operating result 2022: €11,111€11,111Net result 2022: €10,915€10,915Operating result 2023: -€5,922-€5,922Net result 2023: -€6,108-€6,108Operating result 2024: -€2,082-€2,082Net result 2024: -€2,217-€2,217Operating result 2025: -€11,927-€11,927Net result 2025: -€12,125-€12,12520212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€5,922-€5,920Net result 2023: -€6,108-€6,110Operating result 2024: -€2,082-€2,080Net result 2024: -€2,217-€2,220Operating result 2025: -€11,927-€11,900Net result 2025: -€12,125-€12,100202320242025
The operating result stays negative: a loss of €11,927 in 2025 against €2,082 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88,128
Fixed assets €62,575 ▼ 4.7%
Current assets €25,553 ▼ 10.5%
Equity and liabilities €88,128
Equity €26,411 ▼ 31.5%
Debt €61,717 ▲ 10.9%
Debt's share of the balance-sheet total rises from 59.1% to 70.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€8,843▼
2024 · €1,141
Cash flow
-€9,041▼
2024 · €1,006
Current ratio
2.18▼
2024 · 5.04
Debt to equity
2.34▲
2024 · 1.44
ROE
-45.9%▼
2024 · -5.8%
ROA
-13.8%▼
2024 · -2.4%
Interest coverage
-44.68▼
2024 · 8.45
Debt ≤ 1 year
€11,717▲
2024 · €5,661
Debt > 1 year
€50,000=
2024 · €50,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
3.5% went bankrupt
7.4% stopped otherwise
88% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 1,219 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€94,197€88,128▼
Fixed assets21/28€65,659€62,575▼
Tangible fixed assets22/27€65,654€62,570▼
Land and buildings22€65,654€62,570▼
Financial fixed assets28€5€5=
Current assets29/58€28,539€25,553▼
Current investments50/53€25,000€25,000=
Cash at bank and in hand54/58€3,539€553▼
Equity and liabilities
Total equity and liabilities10/49€94,197€88,128▼
Equity10/15€38,536€26,411▼
Contributions10/11€49,579€49,579=
Reserves13€49,482€49,482=
Distributable reserves133€49,482€49,482=
Profit (loss) carried forward14-€60,524-€72,649▼
Amounts payable17/49€55,661€61,717▲
Amounts payable after more than one year17€50,000€50,000=
Financial debts170/4€50,000€50,000=
Amounts payable within one year42/48€5,661€11,717▲
Trade debts44€151€655▲
Suppliers440/4€151€655▲
Other amounts payable47/48€5,510€11,062▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,223€3,084▼
Other operating charges640/8€241€4,810▲
Gross operating margin9900€1,381-€4,033▼
Operating profit (loss)9901-€2,082-€11,927▼
Financial charges65/66B€135€198▲
Recurring financial charges65€135€198▲
Profit (loss) for the period before taxes9903-€2,217-€12,125▼
Profit (loss) for the period9904-€2,217-€12,125▼
Profit (loss) for the period to be appropriated9905-€2,217-€12,125▼
Appropriation of the result
Profit (loss) to be appropriated9906-€60,524-€72,649▼
Profit (loss) brought forward from the previous period14P-€58,307-€60,524▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,355€3,266€3,223€3,223€3,084▼ 4.3%
Other operating charges640/8€2,203€2,244€2,451€241€4,810▲ 1,900%
Gross operating margin9900€12,480€16,621-€248€1,381-€4,033▼ 392%
Operating profit (loss)9901€6,922€11,111-€5,922-€2,082-€11,927▼ 473%
Financial charges65/66B€159€196€186€135€198▲ 46.5%
Recurring financial charges65€159€196€186€135€198▲ 46.5%
Profit (loss) for the period before taxes9903€6,763€10,915-€6,108-€2,217-€12,125▼ 447%
Profit (loss) for the period9904€6,763€10,915-€6,108-€2,217-€12,125▼ 447%
Profit (loss) for the period to be appropriated9905€6,763€10,915-€6,108-€2,217-€12,125▼ 447%
Line20212022202320242025Change
Assets
Total assets20/58€100,705€98,371€94,563€94,197€88,128▼ 6.4%
Fixed assets21/28€75,371€72,105€68,882€65,659€62,575▼ 4.7%
Tangible fixed assets22/27€75,366€72,100€68,877€65,654€62,570▼ 4.7%
Land and buildings22€75,366€72,100€68,877€65,654€62,570▼ 4.7%
Financial fixed assets28€5€5€5€5€5=
Current assets29/58€25,335€26,267€25,682€28,539€25,553▼ 10.5%
Current investments50/53€25,000€25,000€25,000€25,000€25,000=
Cash at bank and in hand54/58€335€1,267€682€3,539€553▼ 84.4%
Equity and liabilities
Total equity and liabilities10/49€100,705€98,371€94,563€94,197€88,128▼ 6.4%
Equity10/15€35,947€46,861€40,753€38,536€26,411▼ 31.5%
Contributions10/11€49,579€49,579€49,579€49,579€49,579=
Reserves13€49,482€49,482€49,482€49,482€49,482=
Non-distributable reserves130/1€4,958€4,958----
Reserves not available under the articles1311€4,958€4,958----
Distributable reserves133€44,524€44,524€49,482€49,482€49,482=
Profit (loss) carried forward14-€63,114-€52,199-€58,307-€60,524-€72,649▼ 20.0%
Amounts payable17/49€64,759€51,510€53,810€55,661€61,717▲ 10.9%
Amounts payable after more than one year17€62,500€50,000€50,000€50,000€50,000=
Financial debts170/4€62,500€50,000€50,000€50,000€50,000=
Amounts payable within one year42/48€2,259€1,510€3,810€5,661€11,717▲ 107%
Trade debts44---€151€655▲ 333%
Suppliers440/4---€151€655▲ 333%
Other amounts payable47/48€2,259€1,510€3,810€5,510€11,062▲ 101%
Line20212022202320242025Change
Profit (loss) for the period9904€6,763€10,915-€6,108-€2,217-€12,125▼ 447%
+ Depreciation and write-downs630€3,355€3,266€3,223€3,223€3,084▼ 4.3%
Operating cash flow (approximation)€10,118€14,181-€2,885€1,006-€9,041▼ 999%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€932-€585€2,857-€2,986▼ 205%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial Weakest financial yearnet -€12,125
Net result drops to -€12,125, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
03-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
04-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Highest result since 2018net €10,915 ▲61.4%
Operating result €11,111, net result €10,915, both a record.
18-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial Back to profitnet €2,934
Net result €2,934 after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
24-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 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, Denderleeuw · 1 establishment unit since 1985
seat establishment The establishment unit on the map
Ground area
3,002 m²
Building footprint
245 m²
Volume, LiDAR
1,337 m³
Parcel 41076B0614/00B000, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Elf Dagwand 24, 9473 Denderleeuw
Activities of head offices; management consultancy activities
since 19852.027.521.714
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41076B0614/00B000 Flanders 3,002 m² 1 · 245 m² 10.5 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
Founded01-05-1985
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.