STENAN
ActiveSummary
STENAN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €2k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 52% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+11
Solvency71▼-14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.84 against 2.9 in 2024; short-term debt: 36.6% and cash: 4.1% of total assets), but 54.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
45.6%
Return on assets
5.6%
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
54 d early
2023
58 d early
2022
40 d early
2021
45 d early
2020
81 d early
2019
32 d early
← 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
€19k▼ 40.8%
2024 · €33k
2018: €14klowest in 8 years
2019: €15k▲ +10.7% vs 2018
2020: €17k▲ +8.5% vs 2019
2021: €31k▲ +86.7% vs 2020
2022: €34k▲ +8.5% vs 2021
2023: €34k▲ +1.4% vs 2022highest in 8 years
2024: €33k▼ -4.1% vs 2023
2025: €19k▼ -40.8% vs 2024
2018 → 2025
Total assets
€43k▼ 21.5%
2024 · €54k
2018: €28k
2019: €25k▼ -12.1% vs 2018
2020: €22k▼ -11.6% vs 2019lowest in 8 years
2021: €54k▲ +148% vs 2020
2022: €48k▼ -10.3% vs 2021
2023: €65k▲ +33.9% vs 2022highest in 8 years
2024: €54k▼ -16.5% vs 2023
2025: €43k▼ -21.5% vs 2024
2018 → 2025
Net result
€2k
2024 · €-1k
2018: €-422
2019: €1k▲ +450% vs 2018
2020: €1k▼ -11.9% vs 2019
2021: €14k▲ +1007% vs 2020highest in 8 years
2022: €3k▼ -81.8% vs 2021
2023: €472▼ -82.0% vs 2022
2024: €-1k▼ -398% vs 2023lowest in 8 years
2025: €2k▲ +268% vs 2024
2018 → 2025
Working capital
€13k▼ 27.0%
2024 · €18k
2018: €10klowest in 8 years
2019: €12k▲ +22.7% vs 2018
2020: €19k▲ +53.7% vs 2019
2021: €23k▲ +24.4% vs 2020
2022: €25k▲ +7.3% vs 2021highest in 8 years
2023: €15k▼ -41.3% vs 2022
2024: €18k▲ +21.5% vs 2023
2025: €13k▼ -27.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€34k▲ 8.5%€34k▲ 1.4%€33k▼ 4.1%€19k▼ 40.8%
2021: €31k
2022: €34k▲ +8.5% vs 2021
2023: €34k▲ +1.4% vs 2022highest in 5 years
2024: €33k▼ -4.1% vs 2023
2025: €19k▼ -40.8% vs 2024lowest in 5 years
Operating result€19k-€4k▼ 78.4%€2k▼ 45.7%€429▼ 80.7%€6k▲ 1,231%
2021: €19khighest in 5 years
2022: €4k▼ -78.4% vs 2021
2023: €2k▼ -45.7% vs 2022
2024: €429▼ -80.7% vs 2023lowest in 5 years
2025: €6k▲ +1231% vs 2024
Net result€14k-€3k▼ 81.8%€472▼ 82.0%€-1k€2k
2021: €14khighest in 5 years
2022: €3k▼ -81.8% vs 2021
2023: €472▼ -82.0% vs 2022
2024: €-1k▼ -398% vs 2023lowest in 5 years
2025: €2k▲ +268% vs 2024
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 2025; 2025 is 1,231% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43k
Fixed assets
€14k ▼ 48.2%
Current assets
€29k ▲ 4.9%
Equity and liabilities €43k
Equity
€19k ▼ 40.8%
Debt
€23k ▲ 8.1%
Debt's share of the balance-sheet total rises from 39.5% to 54.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19k▲
2024 · €13k
Cash flow
€15k▲
2024 · €12k
Current ratio
1.84▼
2024 · 2.90
Debt to equity
1.19▲
2024 · 0.65
ROE
12.2%▲
2024 · -4.3%
ROA
5.6%▲
2024 · -2.6%
Interest coverage
21.68▲
2024 · 12.50
Debt ≤ 1 year
€16k▲
2024 · €9k
Debt > 1 year
€8k▼
2024 · €12k
Income taxes
€3k▲
2024 · €926
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€54k€43k▼
Fixed assets21/28€27k€14k▼
Tangible fixed assets22/27€27k€14k▼
Plant, machinery and equipment23€562€229▼
Furniture and vehicles24€26k€14k▼
Current assets29/58€27k€29k▲
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€6k€9k▲
Other amounts receivable41€4k€0▼
Current investments50/53€11k€17k▲
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€2k€471▼
Equity and liabilities
Total equity and liabilities10/49€54k€43k▼
Equity10/15€33k€19k▼
Contributions10/11€11k€11k=
Reserves13€22k€9k▼
Distributable reserves133€22k€9k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€21k€23k▲
Amounts payable after more than one year17€12k€8k▼
Financial debts170/4€12k€8k▼
Amounts payable within one year42/48€9k€16k▲
Current portion of amounts payable after more than one year42€8k€4k▼
Financial debts43€91€94▲
Credit institutions430/8€91€94▲
Trade debts44€11€0▼
Suppliers440/4€11€0▼
Taxes, remuneration and social security45€903€2k▲
Taxes450/3€903€2k▲
Other amounts payable47/48€0€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€693€689▼
Gross operating margin9900€14k€19k▲
Operating profit (loss)9901€429€6k▲
Financial income75/76B€161€77▼
Recurring financial income75€161€77▼
Financial charges65/66B€1k€861▼
Recurring financial charges65€1k€861▼
Profit (loss) for the period before taxes9903€-482€5k▲
Income taxes67/77€926€3k▲
Profit (loss) for the period9904€-1k€2k▲
Profit (loss) for the period to be appropriated9905€-1k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€2k▲
Transfer from equity791/2€1k€16k▲
Transfer to equity691/2€0€2k▲
To other reserves6921€0€2k▲
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €11k | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €8k | €13k | €13k | ▼ 0.1% |
| Other operating charges640/8 | €285 | €292 | €910 | €693 | €689 | ▼ 0.6% |
| Gross operating margin9900 | €25k | €10k | €12k | €14k | €19k | ▲ 37.3% |
| Operating profit (loss)9901 | €19k | €4k | €2k | €429 | €6k | ▲ 1,231% |
| Financial income75/76B | - | - | €71 | €161 | €77 | ▼ 52.2% |
| Recurring financial income75 | - | - | €71 | €161 | €77 | ▼ 52.2% |
| Financial charges65/66B | €194 | €152 | €525 | €1k | €861 | ▼ 19.7% |
| Recurring financial charges65 | €194 | €152 | €525 | €1k | €861 | ▼ 19.7% |
| Profit (loss) for the period before taxes9903 | €19k | €4k | €2k | €-482 | €5k | ▲ 1,120% |
| Income taxes67/77 | €4k | €1k | €1k | €926 | €3k | ▲ 176% |
| Profit (loss) for the period9904 | €14k | €3k | €472 | €-1k | €2k | ▲ 268% |
| Profit (loss) for the period to be appropriated9905 | €14k | €3k | €472 | €-1k | €2k | ▲ 268% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54k | €48k | €65k | €54k | €43k | ▼ 21.5% |
| Fixed assets21/28 | €24k | €18k | €40k | €27k | €14k | ▼ 48.2% |
| Tangible fixed assets22/27 | €24k | €18k | €40k | €27k | €14k | ▼ 48.2% |
| Plant, machinery and equipment23 | €140 | €0 | €895 | €562 | €229 | ▼ 59.3% |
| Furniture and vehicles24 | €24k | €18k | €39k | €26k | €14k | ▼ 48.0% |
| Current assets29/58 | €30k | €30k | €25k | €27k | €29k | ▲ 4.9% |
| Amounts receivable within one year40/41 | €2k | €3k | €8k | €11k | €9k | ▼ 14.9% |
| Trade receivables40 | €2k | €3k | €8k | €6k | €9k | ▲ 45.4% |
| Other amounts receivable41 | €127 | €527 | €231 | €4k | €0 | ▼ 100% |
| Current investments50/53 | - | - | €13k | €11k | €17k | ▲ 64.5% |
| Cash at bank and in hand54/58 | €26k | €25k | €2k | €4k | €2k | ▼ 54.6% |
| Deferred charges and accrued income490/1 | €1k | €3k | €2k | €2k | €471 | ▼ 78.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54k | €48k | €65k | €54k | €43k | ▼ 21.5% |
| Equity10/15 | €31k | €34k | €34k | €33k | €19k | ▼ 40.8% |
| Contributions10/11 | €11k | €11k | €11k | €11k | €11k | = |
| Reserves13 | €21k | €23k | €24k | €22k | €9k | ▼ 60.1% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €19k | €21k | €24k | €22k | €9k | ▼ 60.1% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €23k | €15k | €31k | €21k | €23k | ▲ 8.1% |
| Amounts payable after more than one year17 | €16k | €9k | €20k | €12k | €8k | ▼ 36.9% |
| Financial debts170/4 | €16k | €9k | €20k | €12k | €8k | ▼ 36.9% |
| Amounts payable within one year42/48 | €6k | €5k | €10k | €9k | €16k | ▲ 65.4% |
| Current portion of amounts payable after more than one year42 | €4k | €5k | €8k | €8k | €4k | ▼ 47.4% |
| Financial debts43 | - | - | €73 | €91 | €94 | ▲ 3.3% |
| Credit institutions430/8 | - | - | €73 | €91 | €94 | ▲ 3.3% |
| Trade debts44 | €298 | €683 | €426 | €11 | €0 | ▼ 100% |
| Suppliers440/4 | €298 | €683 | €426 | €11 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €1k | €0 | €437 | €903 | €2k | ▲ 104% |
| Taxes450/3 | €1k | €0 | €437 | €903 | €2k | ▲ 104% |
| Other amounts payable47/48 | €298 | €59 | €1k | €0 | €9k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €3k | €472 | €-1k | €2k | ▲ 268% |
| + Depreciation and write-downs630 | €6k | €6k | €8k | €13k | €13k | ▼ 0.1% |
| Operating cash flow (approximation) | €20k | €9k | €9k | €12k | €15k | ▲ 32.6% |
| Investment in fixed assets (approximation) | - | €0 | €-30k | €0 | €0 | - |
| Change in cash | - | €-2k | €-22k | €2k | €-2k | ▼ 218% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €14k ▲1,007%
Operating result €19k, net result €14k, both a record.
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 9.80
Current ratio from 3.52 to 9.80; short-term debt falls from €5k to €2k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Heist-op-den-Berg · 1 establishment unit since 2011
Ground area
1,011 m²
Building footprint
154 m²
Volume, LiDAR
899 m³
Parcel 12033C0627/00M000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STENAN
since 20112.205.706.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12033C0627/00M000 | Flanders | 1,011 m² | 1 · 154 m² | 8.9 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.
Similar companies · same sector, comparable size
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ARPOL
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LOÏC algemene grond- en bouwwerken
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Of 2,454 companies in sector 41003 we hold annual accounts for 1,055. 599 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
Founded01-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
43211General electrical installation work
43990Other specialised construction activities
82100Office administrative and support services
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.