Equity
Equity fell by 70% in 8 years.
In July 2024, 34,691 companies had the same profile as StepFlows has now. Each dot stands for 87 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 34,691 companies, not a prediction for StepFlows. 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.
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.
| Company | ||||
|---|---|---|---|---|
| StepFlows Machelen (Brab.) | €126,170 | €60,226 | 38.2% | - |
| WAWI GROUP Tienen | €127,759 | €57,071 | 14.6% | - |
| Limbourg Consulting Tervuren | €135,157 | €62,291 | 38.5% | - |
| LMPR Wezembeek-Oppem | €115,113 | €56,158 | -281.9% | - |
| Verschraegen J. Aarschot | €125,780 | €57,757 | 74.6% | - |
| QUALITAS SOFTWARE Tervuren | €111,406 | €56,161 | 47.3% | - |
| MF CONSULT Overijse | €126,491 | €56,826 | 75.6% | - |
These companies have the same main activity as StepFlows: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €111,000 and €135,000, founded between 2012 and 2015.
StepFlows files the abbreviated format. That format states no turnover. The gross margin fell from €74,317 in 2015 to €60,226 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €110,000 and €280,000.
Higher than 43% of 3,407 companies in 2025.
Higher than 41% of 3,268 companies in 2025.
Higher than 87% of 3,316 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 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
126,170 | 166,430 | 155,577 | 125,792 | 91,257 | 162,098 | 108,924 | 294,561 | 204,754 | 126,394 | 84,530 | |
21/28 |
9,000 | 11,596 | 13,457 | 18,845 | 34,839 | 33,794 | 8,333 | 2,657 | 6,015 | 4,006 | 5,600 | |
22/27 |
9,000 | 11,596 | 13,457 | 18,845 | 34,839 | 33,794 | 8,333 | 2,657 | 6,015 | 4,006 | 5,600 | |
22 |
8,278 | 10,103 | 12,303 | 14,503 | 16,703 | 3,125 | - | 855 | 1,995 | 3,135 | 4,275 | |
23 |
722 | 1,493 | 1,154 | 2,163 | 1,650 | 1,028 | - | - | 416 | 871 | 1,325 | |
24 |
- | - | - | 2,179 | 16,486 | 29,641 | 8,333 | 1,802 | 3,604 | - | - | |
29/58 |
117,170 | 154,834 | 142,120 | 106,947 | 56,418 | 128,304 | 100,591 | 291,904 | 198,739 | 122,388 | 78,930 | |
29 |
30,000 | 30,000 | 30,000 | - | - | - | - | - | - | - | - | |
291 |
30,000 | 30,000 | 30,000 | - | - | - | - | - | - | - | - | |
40/41 |
21,933 | 12,585 | 16,109 | 17,182 | 20,494 | 41,359 | 74,171 | 43,693 | 69,197 | 33,194 | 37,446 | |
40 |
21,933 | 12,217 | 16,109 | 17,182 | 20,494 | 31,359 | 59,171 | 43,693 | 69,197 | 31,842 | 33,348 | |
41 |
- | 368 | - | - | - | 10,000 | 15,000 | - | - | 1,352 | 4,098 | |
54/58 |
65,237 | 112,249 | 96,011 | 89,765 | 35,924 | 86,945 | 26,420 | 248,211 | 129,542 | 89,194 | 41,484 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
126,170 | 166,430 | 155,577 | 125,792 | 91,257 | 162,098 | 108,924 | 294,561 | 204,754 | 126,394 | 84,530 | |
10/15 |
48,243 | 44,896 | 28,634 | 22,268 | 21,316 | 20,689 | 25,910 | 21,940 | 160,071 | 101,758 | 55,652 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | 6,200 | 6,200 | 6,200 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
14 |
27,783 | 24,436 | 8,174 | 1,808 | 856 | 229 | 5,450 | 1,480 | 145,811 | 87,498 | 41,392 | |
17/49 |
77,927 | 121,534 | 126,943 | 103,524 | 69,941 | 141,409 | 83,014 | 272,621 | 44,683 | 24,636 | 28,878 | |
17 |
- | - | - | - | 3,547 | 17,648 | - | - | - | - | - | |
170/4 |
- | - | - | - | 3,547 | 17,648 | - | - | - | - | - | |
42/48 |
77,927 | 121,534 | 126,943 | 103,524 | 66,394 | 123,761 | 83,014 | 272,621 | 44,683 | 24,636 | 28,878 | |
42 |
- | - | 1,718 | 3,547 | 14,102 | 13,966 | - | - | - | - | - | |
44 |
6,535 | 44,012 | 17,957 | 14,662 | 10,592 | 22,733 | 3,321 | 40,818 | 4,367 | 716 | 869 | |
440/4 |
6,535 | 44,012 | 17,957 | 14,662 | 10,592 | 22,733 | 3,321 | 40,818 | 4,367 | 716 | 869 | |
45 |
27,977 | 30,726 | 46,607 | 35,017 | 23,000 | 35,771 | 49,835 | 57,335 | 40,098 | 23,742 | 27,830 | |
450/3 |
27,977 | 26,279 | 39,948 | 33,092 | 23,000 | 32,915 | 49,835 | 48,631 | 38,098 | 23,742 | 26,430 | |
454/9 |
- | 4,447 | 6,659 | 1,925 | - | 2,856 | - | 8,704 | 2,000 | - | 1,400 | |
47/48 |
43,415 | 46,796 | 60,661 | 50,298 | 18,700 | 51,291 | 29,858 | 174,468 | 218 | 178 | 179 | |
| Income statement | ||||||||||||
76A |
- | 615 | - | - | 1,928 | 38 | 12,271 | 1,384 | 1,398 | - | - | |
9900 |
60,226 | 95,383 | 104,061 | 92,295 | 46,969 | 89,613 | 109,439 | 80,220 | 96,066 | 69,113 | 74,317 | |
630 |
2,596 | 3,049 | 5,446 | 17,308 | 15,011 | 13,784 | 5,022 | 3,358 | 3,396 | 1,594 | 1,463 | |
640/8 |
400 | 479 | 643 | 721 | 890 | 510 | 828 | 1,151 | 2,313 | 1,008 | 3,149 | |
9901 |
57,230 | 91,855 | 97,972 | 74,266 | 31,068 | 75,319 | 103,589 | 75,711 | 90,357 | 66,511 | 69,705 | |
75/76B |
- | - | - | - | 136 | - | 12,271 | 1,385 | 1,398 | 12 | 47 | |
75 |
- | - | - | - | 136 | - | - | 1 | - | 12 | 47 | |
76B |
- | - | - | - | - | - | 12,271 | 1,384 | 1,398 | - | - | |
65/66B |
104 | 104 | 235 | 241 | 1,983 | 606 | 72 | 66 | 280 | 12 | 69 | |
65 |
104 | 104 | 235 | 241 | 1,983 | 606 | 72 | 66 | 280 | 12 | 69 | |
9903 |
57,126 | 91,751 | 97,737 | 74,025 | 29,221 | 74,713 | 115,788 | 77,030 | 91,475 | 66,511 | 69,683 | |
67/77 |
13,779 | 25,489 | 21,371 | 15,073 | 6,594 | 16,434 | 26,818 | 16,361 | 33,162 | 20,405 | 26,431 | |
9904 |
43,347 | 66,262 | 76,366 | 58,952 | 22,627 | 58,279 | 88,970 | 60,669 | 58,313 | 46,106 | 43,252 | |
9905 |
43,347 | 66,262 | 76,366 | 58,952 | 22,627 | 58,279 | 88,970 | 60,669 | 58,313 | 46,106 | 43,252 | |
| Appropriation of the result | ||||||||||||
9906 |
67,783 | 74,436 | 78,174 | 59,808 | 22,856 | 63,729 | 90,450 | 206,480 | 145,811 | 87,498 | 43,252 | |
14P |
24,436 | 8,174 | 1,808 | 856 | 229 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
40,000 | 50,000 | 70,000 | 58,000 | 22,000 | 63,500 | 85,000 | 205,000 | - | - | - | |
694 |
40,000 | 50,000 | 70,000 | 58,000 | 22,000 | 63,500 | 85,000 | 205,000 | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-05-2026 | 2026-00120865 | |
| 31-12-2024 | abbreviated format | 26-05-2025 | 2025-00107824 | |
| 31-12-2023 | abbreviated format | 30-05-2024 | 2024-00108438 | |
| 31-12-2022 | abbreviated format | 05-05-2023 | 2023-00082779 | |
| 31-12-2021 | abbreviated format | 16-07-2022 | 2022-20205852 | |
| 31-12-2020 | abbreviated format | 17-05-2021 | 2021-14400411 | |
| 31-12-2019 | abbreviated format | 17-04-2020 | 2020-09400279 | |
| 31-12-2018 | full format | 09-05-2019 | 2019-12700024 | |
| 31-12-2017 | full format | 02-06-2018 | 2018-15400351 | |
| 31-12-2016 | full format | 18-05-2017 | 2017-12300566 | |
| 31-12-2015 | full format | 18-03-2016 | 2016-06600382 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59,826 | 94,904 | 103,418 | 91,574 | 46,079 | 89,103 | 108,611 | 79,069 | 93,753 | 68,105 | 71,168 | ||
| 45,943 | 69,311 | 81,812 | 76,260 | 37,638 | 72,063 | 93,992 | 64,027 | 61,709 | 47,700 | 44,715 | ||
| 0 | 1,130 | 58 | 1,314 | 16,056 | 39,245 | 10,698 | 0 | 5,405 | 0 | 7,063 | ||
| -47,012 | 16,238 | 6,246 | 53,841 | -51,021 | 60,525 | -221,791 | 118,669 | 40,348 | 47,710 | - | ||
| 39,243 | 33,300 | 15,177 | 3,423 | -9,976 | 4,543 | 17,577 | 19,283 | 154,056 | 97,752 | 50,052 | ||
| 38.2% | 27.0% | 18.4% | 17.7% | 23.4% | 12.8% | 23.8% | 7.4% | 78.2% | 80.5% | 65.8% | ||
| 1.50 | 1.27 | 1.12 | 1.03 | 0.85 | 1.04 | 1.21 | 1.07 | 4.45 | 4.97 | 2.73 | ||
| 1.62 | 2.71 | 4.43 | 4.65 | 3.28 | 6.83 | 3.20 | 12.43 | 0.28 | 0.24 | 0.52 | ||
| 89.9% | 147.6% | 266.7% | 264.7% | 106.2% | 281.7% | 343.4% | 276.5% | 36.4% | 45.3% | 77.7% | ||
| 34.4% | 39.8% | 49.1% | 46.9% | 24.8% | 36.0% | 81.7% | 20.6% | 28.5% | 36.5% | 51.2% | ||
| over 100 | over 100 | over 100 | over 100 | 23.24 | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,130 | €58 | €1,314 | €16,056 |
| €2,596 | €3,049 | €5,446 | €17,308 | €15,011 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 38% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 73.0% to 61.8%. Equity is higher and debt is lower.
StepFlows has no parent and no holdings in its annual accounts. is the only director. StepFlows shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
A deed published in both Dutch and French appears here once.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Calenberggaarde 10 registered office 1831 Machelen (Brab.) | ||
| Notelaarsstraat 5 1000 Brussels | 01-07-2014 | 2.231.735.022 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23015C0366/00H002 | Flanders | 592 m² | 1 · 67 m² | 11.1 m · 3 |
| 21806F0024/00M002 | Brussels | 169 m² | 1 · 242 m² | 18.9 m · 4 |
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