Equity
StepChange paid out €8,000 in dividends. That is 50% of the 2025 profit.
StepChange paid out €8,000 in dividends. That is 50% of the 2025 profit.
The micro format states no turnover.
Short-term debts fell from €46,824 to €38,900.
The 2022 accounts came 25 days late. The other four were filed on time.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 48% of them on solvency, 67% on liquidity, 70% on profitability and 64% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as StepChange has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of StepChange itself is lower: 0.1% within 12 months. It rests on far more data about StepChange than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for StepChange. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.2 (0.69 in 2024), below the usual 1.5. Short-term debt is 53.8% and cash 41.9% of total assets. 53.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 28 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| StepChange Etterbeek | €72,320 | €28,218 | 46.2% | - |
| ROSE EXPERIENCE Ixelles | €64,996 | €30,633 | 71.1% | - |
| SPINWISE Ypres | €67,261 | €29,289 | 74.3% | - |
| Peter Soete Knokke-Heist | €64,078 | €29,820 | 2.5% | - |
| BEETKLAAR Hasselt | €69,774 | €27,199 | 74.2% | - |
| Aquamatters Antwerp | €78,782 | €25,508 | 2.7% | - |
| Anne Bellinck Sint-Pieters-Leeuw | €71,184 | €24,335 | 75.6% | - |
These companies have the same main activity as StepChange: other business support services (NACE 82990). They are comparable in size and age: total assets between €64,100 and €78,800, founded between 2019 and 2020.
StepChange files the micro format. That format states no turnover. The gross margin rose from -€3,026 in 2021 to €28,218 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €73,000. Estimated: probably between €45,000 and €95,000.
Higher than 46% of 9,695 companies in 2025.
Higher than 34% of 9,313 companies in 2025.
Higher than 65% of 9,437 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
72,320 | 75,081 | 84,792 | 22,579 | 29,771 | |
21/28 |
25,805 | 42,996 | 39,404 | 13,832 | 9,298 | |
21 |
25,655 | 42,896 | 39,304 | 13,732 | 8,529 | |
28 |
150 | 100 | 100 | 100 | 769 | |
29/58 |
46,515 | 32,085 | 45,388 | 8,747 | 20,474 | |
40/41 |
15,721 | 29,553 | 44,849 | 5,821 | 4,653 | |
40 |
15,641 | 26,559 | 44,849 | 5,239 | 3,488 | |
41 |
80 | 2,994 | - | 583 | 1,166 | |
54/58 |
30,276 | 2,532 | 106 | 2,926 | 15,820 | |
490/1 |
518 | - | 432 | - | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
72,320 | 75,081 | 84,792 | 22,579 | 29,771 | |
10/15 |
33,420 | 28,258 | 32,656 | 11,958 | 24,018 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
14 |
2,609 | -5,283 | 6,136 | -15,341 | -4,059 | |
15 |
5,812 | 8,541 | 1,520 | 2,299 | 3,078 | |
17/49 |
38,900 | 46,824 | 52,136 | 10,621 | 5,753 | |
42/48 |
38,900 | 46,824 | 52,136 | 10,621 | 5,753 | |
44 |
19,879 | 18,096 | 43,123 | 9,340 | 5,460 | |
440/4 |
19,879 | 18,096 | 43,123 | 9,340 | 5,460 | |
45 |
5,338 | - | 8,775 | - | - | |
450/3 |
5,338 | - | 8,775 | - | - | |
47/48 |
13,683 | 28,728 | 238 | 1,281 | 293 | |
| Income statement | ||||||
76A |
670 | - | - | - | - | |
9900 |
28,218 | -154 | 28,245 | -7,519 | -3,026 | |
630 |
14,252 | 13,868 | 7,428 | 4,397 | 1,661 | |
631/4 |
380 | - | - | - | - | |
9901 |
13,586 | -14,022 | 20,818 | -11,916 | -4,687 | |
75/76B |
2,769 | 2,731 | 788 | 779 | 825 | |
75 |
2,729 | 2,731 | 788 | 779 | 817 | |
76B |
40 | - | - | - | 7 | |
65/66B |
464 | 128 | 129 | 145 | 197 | |
65 |
464 | 128 | 126 | 145 | 196 | |
66B |
- | 0 | 4 | - | 1 | |
9903 |
15,891 | -11,419 | 21,477 | -11,281 | -4,059 | |
9904 |
15,891 | -11,419 | 21,477 | -11,281 | -4,059 | |
9905 |
15,891 | -11,419 | 21,477 | -11,281 | -4,059 | |
| Appropriation of the result | ||||||
9906 |
10,609 | -5,283 | 6,136 | -15,341 | -4,059 | |
14P |
-5,283 | 6,136 | -15,341 | -4,059 | - | |
694/7 |
8,000 | - | - | - | - | |
694 |
8,000 | - | - | - | - | |
| Document | ||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00217871 | |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00286106 | |
| 31-12-2023 | micro format | 16-05-2024 | 2024-00090727 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00362679 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20091300 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 27,838 | -154 | 28,245 | -7,519 | -3,026 | ||
| 30,143 | 2,449 | 28,905 | -6,885 | -2,398 | ||
| 3,650 | 30,960 | 33,000 | 9,600 | 10,959 | ||
| 27,744 | 2,426 | -2,819 | -12,895 | - | ||
| 7,615 | -14,738 | -6,749 | -1,874 | 14,720 | ||
| 46.2% | 37.6% | 38.5% | 53.0% | 80.7% | ||
| 1.20 | 0.69 | 0.87 | 0.82 | 3.56 | ||
| 1.16 | 1.66 | 1.60 | 0.89 | 0.24 | ||
| 47.6% | -40.4% | 65.8% | -94.3% | -16.9% | ||
| 22.0% | -15.2% | 25.3% | -50.0% | -13.6% | ||
| 60.02 | -1.20 | over 100 | -52.04 | -15.45 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Intangible fixed assets | €3,600 | €30,960 | €33,000 | €9,600 | €10,190 |
| Financial fixed assets | €50 | - | - | - | €769 |
| €14,252 | €13,868 | €7,428 | €4,397 | €1,661 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €13,586, after a loss of €14,022 in 2024.
Debt's share of the balance-sheet total falls from 62.4% to 53.8%. Equity is higher and debt is lower.
StepChange has no parent and no holdings in its annual accounts. van Wijck Laetitia is the only director. StepChange shares no director with another company.
| Ogloba
registered office since 02-02-2022 · founded in 2022 · negative equity (2024) · accounts filed late |
turnover €314.8m (2024) 0781.485.844 |
| ROLLIT PAYROLL
establishment since 16-07-2026 · founded in 2019 |
617 FTE (2025) 0728.514.639 |
| EUROSOFT FINANCES
registered office since 05-12-1988 · founded in 1988 |
total assets €16.4m (2025) 0436.035.190 |
| european association for haemophilia and allied disorders
registered office since 11-01-2019 · founded in 2019 |
3.3 FTE (2025) 0718.594.509 |
| DATA INNOVATIONS EUROPE
establishment since 07-04-2003 · founded in 1999 |
17 FTE (2025) 0468.339.457 |
| Alix
registered office since 27-02-2019 · founded in 2019 |
total assets €2.5m (2025) 0721.620.513 |
| SOCIETE IMMOBILIERE DU TUMULUS
registered office since 06-11-2020 · founded in 2020 · negative equity (2025) |
total assets €2.4m (2025) 0757.884.754 |
| WOORANK
registered office since 23-06-2015 · founded in 2015 · negative equity (2025) |
3 FTE (2025) 0632.659.338 |
| Ether Energy
registered office since 04-06-2020 · founded in 2020 |
5.4 FTE (2025) 0747.877.918 |
| SOCIETE IMMOBILIERE DU BEGUINAGE
registered office since 08-10-2003 · founded in 2003 |
total assets €1.7m (2025) 0860.926.864 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 10 January 2020, StepChange was incorporated as a private limited company by two natural persons, with a starting capital of €25,000.12 Van Wijck Laetitia has served as director since 2020.3 Total assets went from €29,771 in 2021 to €72,320 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Sint Michielswarande 30/B registered office 1040 Etterbeek | 10-01-2020 | 2.298.101.729 |
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