Step Stone
ActiveSummary
The computed 12-month bankruptcy probability of Step Stone is 5.8% (elevated). The 2024 annual accounts show negative equity (-€105,001) and a net result of -€78,550. Equity is shrinking by ~45% per year across the filed fiscal years. Its solvency ranks better than 11% of 26049 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency0▼-13
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
5.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.6 in 2023; short-term debt: 134.3% and cash: 22.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-64.4%
Return on assets
-48.2%
Age of the figures
21 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year -€105,001
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
50 d late
2022
66 d late
2021
31 d late
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 41 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€105,001▼ 297%
2023 · -€26,451
Total assets
€162,947▼ 25.3%
2023 · €218,273
Net result
-€78,550
2023 · €82,672
Working capital
-€142,903▼ 95.4%
2023 · -€73,148
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€19,677--€36,324▼ 84.6%-€60,546▼ 66.7%€85,073-€77,335
Net result-€20,541below the sector's middle half--€36,964below the sector's middle half▼ 80.0%-€61,619below the sector's middle half▼ 66.7%€82,672above the sector's middle half-€78,550below the sector's middle half
Equity-€10,541below the sector's middle half--€47,505below the sector's middle half▼ 351%-€109,124below the sector's middle half▼ 130%-€26,451below the sector's middle half▲ 75.8%-€105,001below the sector's middle half▼ 297%
Total assets€57,719below the sector's middle half-€44,228below the sector's middle half▼ 23.4%€35,843below the sector's middle half▼ 19.0%€218,273within the sector's middle half▲ 509%€162,947within the sector's middle half▼ 25.3%
Debt€68,260-€91,732▲ 34.4%€144,966▲ 58.0%€244,724▲ 68.8%€267,949▲ 9.5%
Working capital€9,111within the sector's middle half--€47,136below the sector's middle half-€109,264below the sector's middle half▼ 132%-€73,148below the sector's middle half▲ 33.1%-€142,903below the sector's middle half▼ 95.4%
Solvency-18.3%below the sector's middle half--107.4%below the sector's middle half▼ 89.1pp-304.5%below the sector's middle half▼ 197.0pp-12.1%below the sector's middle half▲ 292.3pp-64.4%below the sector's middle half▼ 52.3pp
Current ratio1.23within the sector's middle half-0.42below the sector's middle half▼ 0.810.19below the sector's middle half▼ 0.240.60below the sector's middle half▲ 0.410.35below the sector's middle half▼ 0.25
Return on assets (ROA)-35.6%below the sector's middle half--83.6%below the sector's middle half▼ 48.0pp-171.9%below the sector's middle half▼ 88.3pp37.9%above the sector's middle half▲ 209.8pp-48.2%below the sector's middle half▼ 86.1pp
Staff (FTE)1.2within the sector's middle half-22=1.8▼ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 €77,335 after €85,073 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €162,947
Fixed assets
€86,956 ▼ 19.8%
Current assets
€75,992 ▼ 30.9%
Key figures and ratios
EBITDA
-€54,740▼
2023 · €98,169
Cash flow
-€55,956▼
2023 · €95,768
Quick ratio
0.32▼
2023 · 0.58
Debt to equity
-2.55▲
2023 · -9.25
Interest coverage
-59.27▼
2023 · 39.36
Debt ≤ 1 year
€218,894▲
2023 · €183,045
Income taxes
€338
Staff costs
€45,884▲
2023 · €44,707
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 5.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 6,038 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €38,219 | €44,851 | €44,707 | €45,884 | ▲ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,010 | €2,077 | €2,544 | €13,096 | €22,594 | ▲ 72.5% |
| Other operating charges640/8 | - | €579 | €379 | €474 | €701 | ▲ 48.0% |
| Gross operating margin9900 | €13,150 | €4,551 | -€12,773 | €143,350 | -€8,155 | ▼ 106% |
| Operating profit (loss)9901 | -€19,677 | -€36,324 | -€60,546 | €85,073 | -€77,335 | ▼ 191% |
| Financial income75/76B | - | €19 | €59 | €94 | €46 | ▼ 50.7% |
| Recurring financial income75 | €1 | €19 | €59 | €94 | €46 | ▼ 50.7% |
| Financial charges65/66B | - | €659 | €1,132 | €2,494 | €924 | ▼ 63.0% |
| Recurring financial charges65 | €865 | €659 | €1,132 | €2,494 | €924 | ▼ 63.0% |
| Profit (loss) for the period before taxes9903 | -€20,541 | -€36,964 | -€61,619 | €82,672 | -€78,212 | ▼ 195% |
| Income taxes67/77 | - | - | - | - | €338 | - |
| Profit (loss) for the period9904 | -€20,541 | -€36,964 | -€61,619 | €82,672 | -€78,550 | ▼ 195% |
| Profit (loss) for the period to be appropriated9905 | -€20,541 | -€36,964 | -€61,619 | €82,672 | -€78,550 | ▼ 195% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,719 | €44,228 | €35,843 | €218,273 | €162,947 | ▼ 25.3% |
| Fixed assets21/28 | €9,643 | €9,665 | €10,771 | €108,376 | €86,956 | ▼ 19.8% |
| Tangible fixed assets22/27 | €9,643 | €9,665 | €10,771 | €108,376 | €86,956 | ▼ 19.8% |
| Furniture and vehicles24 | - | €6,893 | €8,809 | €88,232 | €69,595 | ▼ 21.1% |
| Other tangible fixed assets26 | - | €2,772 | €1,962 | €20,145 | €17,361 | ▼ 13.8% |
| Current assets29/58 | €48,076 | €34,562 | €25,071 | €109,897 | €75,992 | ▼ 30.9% |
| Stocks and contracts in progress3 | €9,000 | €9,000 | €7,269 | €2,907 | €4,897 | ▲ 68.4% |
| Stocks30/36 | - | €9,000 | €7,269 | €2,907 | €4,897 | ▲ 68.4% |
| Amounts receivable within one year40/41 | €24,628 | €10,525 | €13,045 | €38,562 | €34,599 | ▼ 10.3% |
| Trade receivables40 | - | €10,525 | €11,634 | €38,562 | €34,599 | ▼ 10.3% |
| Other amounts receivable41 | - | - | €1,411 | - | - | - |
| Cash at bank and in hand54/58 | €13,182 | €14,682 | €4,207 | €66,367 | €36,185 | ▼ 45.5% |
| Deferred charges and accrued income490/1 | - | €356 | €551 | €2,060 | €311 | ▼ 84.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,719 | €44,228 | €35,843 | €218,273 | €162,947 | ▼ 25.3% |
| Equity10/15 | -€10,541 | -€47,505 | -€109,124 | -€26,451 | -€105,001 | ▼ 297% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€20,541 | -€57,505 | -€119,124 | -€36,451 | -€115,001 | ▼ 215% |
| Amounts payable17/49 | €68,260 | €91,732 | €144,966 | €244,724 | €267,949 | ▲ 9.5% |
| Amounts payable within one year42/48 | €38,965 | €81,698 | €134,335 | €183,045 | €218,894 | ▲ 19.6% |
| Trade debts44 | €8,344 | €2,889 | €47,876 | €20,242 | €97,458 | ▲ 381% |
| Suppliers440/4 | - | €2,889 | €47,876 | €20,242 | €97,458 | ▲ 381% |
| Advances received on contracts in progress46 | - | €23,705 | €29,552 | €115,647 | €92,347 | ▼ 20.1% |
| Taxes, remuneration and social security45 | - | €9,442 | €8,807 | €16,810 | €13,805 | ▼ 17.9% |
| Taxes450/3 | - | €3,224 | - | €5,944 | €3,859 | ▼ 35.1% |
| Remuneration and social security454/9 | - | €6,218 | €8,807 | €10,866 | €9,946 | ▼ 8.5% |
| Other amounts payable47/48 | - | €45,662 | €48,101 | €30,346 | €15,285 | ▼ 49.6% |
| Accrued charges and deferred income492/3 | - | €10,034 | €10,631 | €61,679 | €49,054 | ▼ 20.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,541 | -€36,964 | -€61,619 | €82,672 | -€78,550 | ▼ 195% |
| + Depreciation and write-downs630 | €1,010 | €2,077 | €2,544 | €13,096 | €22,594 | ▲ 72.5% |
| Operating cash flow (approximation) | -€19,531 | -€34,886 | -€59,075 | €95,768 | -€55,956 | ▼ 158% |
| Investment in fixed assets (approximation) | - | -€2,099 | -€3,649 | -€110,701 | -€1,173 | ▲ 98.9% |
| Change in cash | - | €1,500 | -€10,475 | €62,160 | -€30,182 | ▼ 149% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€78,550
Net result drops to -€78,550, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Back to profitnet €82,672
Net result €82,672 after 3 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Brussel · 1 establishment unit since 2019
Ground area
59 m²
Building footprint
46 m²
Volume, LiDAR
619 m³
Parcel 21808H1226/00F000, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Minimenstraat 8, 1000 Brussel
since 20192.292.154.738
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1226/00F000 | Brussels | 59 m² | 1 · 46 m² | 17.0 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,016 companies in sector 47770 we hold annual accounts for 899. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728763671
Also
9925:BE0728763671
Registered
05-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.