STEP2
ActiveSummary
STEP2 has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266,418 and a net result of -€6,368. Equity remains stable across the filed fiscal years (±1% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · fiscal year 2025, micro schema
2023 to 2025, 3 fiscal years
The operating result falls in 2025; 2025 is 32% below 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 480 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,753 | €42,755 | €42,755 | = |
| Other operating charges640/8 | €1,879 | €3,312 | €4,016 | ▲ 21.3% |
| Gross operating margin9900 | €18,672 | €72,163 | €64,637 | ▼ 10.4% |
| Operating profit (loss)9901 | -€11,960 | €26,096 | €17,866 | ▼ 31.5% |
| Financial income75/76B | - | €156 | - | - |
| Recurring financial income75 | - | €156 | - | - |
| Financial charges65/66B | €15,965 | €25,541 | €24,234 | ▼ 5.1% |
| Recurring financial charges65 | €15,965 | €25,541 | €24,234 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | -€27,925 | €711 | -€6,368 | ▼ 996% |
| Profit (loss) for the period9904 | -€27,925 | €711 | -€6,368 | ▼ 996% |
| Profit (loss) for the period to be appropriated9905 | -€27,925 | €711 | -€6,368 | ▼ 996% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €958,913 | €924,646 | €881,192 | ▼ 4.7% |
| Fixed assets21/28 | €924,982 | €882,227 | €839,472 | ▼ 4.8% |
| Tangible fixed assets22/27 | €924,982 | €882,227 | €839,472 | ▼ 4.8% |
| Land and buildings22 | €924,982 | €882,227 | €839,472 | ▼ 4.8% |
| Current assets29/58 | €33,931 | €42,419 | €41,720 | ▼ 1.6% |
| Amounts receivable within one year40/41 | - | €30,156 | €30,000 | ▼ 0.5% |
| Trade receivables40 | - | - | €30,000 | - |
| Other amounts receivable41 | - | €30,156 | - | - |
| Cash at bank and in hand54/58 | €31,918 | €11,774 | €10,889 | ▼ 7.5% |
| Deferred charges and accrued income490/1 | €2,013 | €489 | €831 | ▲ 69.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €958,913 | €924,646 | €881,192 | ▼ 4.7% |
| Equity10/15 | €272,075 | €272,786 | €266,418 | ▼ 2.3% |
| Contributions10/11 | €300,000 | €300,000 | €300,000 | = |
| Profit (loss) carried forward14 | -€27,925 | -€27,214 | -€33,582 | ▼ 23.4% |
| Amounts payable17/49 | €686,838 | €651,860 | €614,774 | ▼ 5.7% |
| Amounts payable after more than one year17 | €646,667 | €609,309 | €570,501 | ▼ 6.4% |
| Financial debts170/4 | €646,667 | €609,309 | €570,501 | ▼ 6.4% |
| Amounts payable within one year42/48 | €35,893 | €38,212 | €39,977 | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | €35,893 | €37,358 | €38,808 | ▲ 3.9% |
| Trade debts44 | - | €854 | €1,169 | ▲ 36.9% |
| Suppliers440/4 | - | €854 | €1,169 | ▲ 36.9% |
| Accrued charges and deferred income492/3 | €4,278 | €4,339 | €4,296 | ▼ 1.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,925 | €711 | -€6,368 | ▼ 996% |
| + Depreciation and write-downs630 | €28,753 | €42,755 | €42,755 | = |
| Operating cash flow (approximation) | €828 | €43,466 | €36,387 | ▼ 16.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€20,144 | -€885 | ▲ 95.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.