STEPH-ELEC
ActiveSummary
STEPH-ELEC has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,059 and a net result of €213. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+2
Solvency59▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.2 in 2024; short-term debt: 62.6% and cash: 0% of total assets), and 66.3% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.7%
Return on assets
0.1%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
18 d early
2024
6 d early
2023
3 d early
2022
28 d late
2021
15 d late
2020
11 d early
2019
70 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€483,052
2018 · €0
EBIT margin
0.7%
Net result
€213▲ 36.2%
2024 · €157
Working capital
€20,216▼ 28.0%
2024 · €28,086
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Turnover
Operating result€20,326▲ 464%€19,487▼ 4.1%€21,155▲ 8.6%€2,532▼ 88.0%€2,527▼ 0.2%
Net result€18,126within the sector's middle half▲ 1,198%€13,034within the sector's middle half▼ 28.1%€13,556within the sector's middle half▲ 4.0%€157within the sector's middle half▼ 98.8%€213below the sector's middle half▲ 36.2%
EBIT margin
Equity€23,098within the sector's middle half▲ 365%€36,133within the sector's middle half▲ 56.4%€49,689within the sector's middle half▲ 37.5%€49,846within the sector's middle half▲ 0.3%€50,059within the sector's middle half▲ 0.4%
Total assets€131,609within the sector's middle half▲ 1.5%€219,025within the sector's middle half▲ 66.4%€251,818within the sector's middle half▲ 15.0%€190,766within the sector's middle half▼ 24.2%€148,624within the sector's middle half▼ 22.1%
Debt€108,510▼ 13.0%€182,893▲ 68.5%€202,129▲ 10.5%€140,921▼ 30.3%€98,565▼ 30.1%
Working capital€56,351within the sector's middle half▲ 203%€67,261within the sector's middle half▲ 19.4%€41,816within the sector's middle half▼ 37.8%€28,086within the sector's middle half▼ 32.8%€20,216within the sector's middle half▼ 28.0%
Solvency17.6%below the sector's middle half▲ 13.7pp16.5%below the sector's middle half▼ 1.1pp19.7%below the sector's middle half▲ 3.2pp26.1%within the sector's middle half▲ 6.4pp33.7%within the sector's middle half▲ 7.6pp
Current ratio1.86within the sector's middle half▲ 0.631.51within the sector's middle half▼ 0.351.22within the sector's middle half▼ 0.291.20within the sector's middle half▼ 0.021.22within the sector's middle half▲ 0.02
Return on assets (ROA)13.8%within the sector's middle half▲ 12.7pp6.0%within the sector's middle half▼ 7.8pp5.4%within the sector's middle half▼ 0.6pp0.1%below the sector's middle half▼ 5.3pp0.1%below the sector's middle half▲ 0.1pp
Staff (FTE)3.3▼ 2.9%4▲ 21.2%3.8▼ 5.0%3.5▼ 7.9%4▲ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,624
Fixed assets
€35,320 ▲ 62.3%
Current assets
€113,305 ▼ 33.0%
Equity and liabilities €148,624
Equity
€50,059 ▲ 0.4%
Debt
€98,565 ▼ 30.1%
Debt's share of the balance-sheet total falls from 73.9% to 66.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,665▲
2024 · €7,377
Cash flow
€5,351▲
2024 · €5,001
Quick ratio
0.70▼
2024 · 0.84
Debt to equity
1.97▼
2024 · 2.83
ROE
0.4%▲
2024 · 0.3%
Interest coverage
4.97▲
2024 · 4.65
Debt ≤ 1 year
€93,088▼
2024 · €140,921
Debt > 1 year
€5,477
Income taxes
€776▼
2024 · €801
Staff costs
€183,690▲
2024 · €139,288
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,340 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 5,048 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €129,197 | €153,513 | €184,619 | €139,288 | €183,690 | ▲ 31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,503 | €3,804 | €6,765 | €4,845 | €5,138 | ▲ 6.0% |
| Other operating charges640/8 | €2,605 | €2,098 | €1,633 | €560 | €1,452 | ▲ 159% |
| Non-recurring operating charges66A | - | €4,763 | - | €2,897 | - | - |
| Gross operating margin9900 | €173,632 | €183,665 | €214,172 | €150,123 | €192,807 | ▲ 28.4% |
| Operating profit (loss)9901 | €20,326 | €19,487 | €21,155 | €2,532 | €2,527 | ▼ 0.2% |
| Financial income75/76B | €139 | €1,388 | €253 | €13 | €3 | ▼ 75.7% |
| Recurring financial income75 | €139 | €1,388 | €253 | €13 | €3 | ▼ 75.7% |
| Financial charges65/66B | €2,339 | €1,783 | €3,224 | €1,587 | €1,541 | ▼ 2.9% |
| Recurring financial charges65 | €2,339 | €1,783 | €3,224 | €1,587 | €1,541 | ▼ 2.9% |
| Profit (loss) for the period before taxes9903 | €18,126 | €19,092 | €18,183 | €958 | €989 | ▲ 3.3% |
| Income taxes67/77 | - | €6,057 | €4,627 | €801 | €776 | ▼ 3.2% |
| Profit (loss) for the period9904 | €18,126 | €13,034 | €13,556 | €157 | €213 | ▲ 36.2% |
| Profit (loss) for the period to be appropriated9905 | €18,126 | €13,034 | €13,556 | €157 | €213 | ▲ 36.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €131,609 | €219,025 | €251,818 | €190,766 | €148,624 | ▼ 22.1% |
| Fixed assets21/28 | €9,414 | €19,465 | €21,401 | €21,760 | €35,320 | ▲ 62.3% |
| Tangible fixed assets22/27 | €8,959 | €19,010 | €12,245 | €8,823 | €21,541 | ▲ 144% |
| Land and buildings22 | - | - | - | €4,116 | €3,684 | ▼ 10.5% |
| Plant, machinery and equipment23 | €8,606 | €9,570 | €6,430 | €3,600 | €2,071 | ▼ 42.5% |
| Furniture and vehicles24 | €352 | €9,440 | €5,815 | €1,107 | €12,152 | ▲ 998% |
| Other tangible fixed assets26 | - | - | - | - | €3,635 | - |
| Financial fixed assets28 | €455 | €455 | €9,156 | €12,937 | €13,778 | ▲ 6.5% |
| Current assets29/58 | €122,195 | €199,560 | €230,416 | €169,006 | €113,305 | ▼ 33.0% |
| Stocks and contracts in progress3 | €22,198 | €48,234 | €24,174 | €50,800 | €47,685 | ▼ 6.1% |
| Stocks30/36 | €22,198 | €48,234 | €24,174 | €50,800 | €47,685 | ▼ 6.1% |
| Amounts receivable within one year40/41 | €63,380 | €107,684 | €198,847 | €107,465 | €63,740 | ▼ 40.7% |
| Trade receivables40 | €52,828 | €74,275 | €162,565 | €79,176 | €51,039 | ▼ 35.5% |
| Other amounts receivable41 | €10,552 | €33,409 | €36,282 | €28,289 | €12,700 | ▼ 55.1% |
| Cash at bank and in hand54/58 | €31,489 | €43,642 | €7,395 | €5,755 | €49 | ▼ 99.2% |
| Deferred charges and accrued income490/1 | €5,128 | - | - | €4,987 | €1,832 | ▼ 63.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €131,609 | €219,025 | €251,818 | €190,766 | €148,624 | ▼ 22.1% |
| Equity10/15 | €23,098 | €36,133 | €49,689 | €49,846 | €50,059 | ▲ 0.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €4,498 | €17,533 | €31,089 | €31,246 | €31,459 | ▲ 0.7% |
| Amounts payable17/49 | €108,510 | €182,893 | €202,129 | €140,921 | €98,565 | ▼ 30.1% |
| Amounts payable after more than one year17 | €31,182 | €20,113 | €8,738 | - | €5,477 | - |
| Financial debts170/4 | €31,182 | €20,113 | €8,738 | - | €5,477 | - |
| Amounts payable within one year42/48 | €65,844 | €132,299 | €188,601 | €140,921 | €93,088 | ▼ 33.9% |
| Current portion of amounts payable after more than one year42 | €11,656 | €11,978 | €12,310 | €9,697 | €5,726 | ▼ 41.0% |
| Financial debts43 | - | €15 | €20 | €40 | €6,487 | ▲ 16,124% |
| Credit institutions430/8 | - | €15 | €20 | €40 | €6,487 | ▲ 16,124% |
| Trade debts44 | €27,793 | €86,607 | €139,119 | €90,511 | €45,655 | ▼ 49.6% |
| Suppliers440/4 | €27,793 | €86,607 | €139,119 | €90,511 | €45,655 | ▼ 49.6% |
| Taxes, remuneration and social security45 | €8,398 | €19,878 | €24,618 | €31,187 | €18,444 | ▼ 40.9% |
| Taxes450/3 | - | €4,560 | €8,921 | €5,974 | €1,577 | ▼ 73.6% |
| Remuneration and social security454/9 | €8,398 | €15,318 | €15,697 | €25,213 | €16,868 | ▼ 33.1% |
| Other amounts payable47/48 | €17,997 | €13,821 | €12,535 | €9,485 | €16,776 | ▲ 76.9% |
| Accrued charges and deferred income492/3 | €11,484 | €30,481 | €4,790 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,126 | €13,034 | €13,556 | €157 | €213 | ▲ 36.2% |
| + Depreciation and write-downs630 | €21,503 | €3,804 | €6,765 | €4,845 | €5,138 | ▲ 6.0% |
| Operating cash flow (approximation) | €39,629 | €16,838 | €20,322 | €5,001 | €5,351 | ▲ 7.0% |
| Investment in fixed assets (approximation) | - | -€13,856 | -€8,701 | -€5,203 | -€18,697 | ▼ 259% |
| Change in cash | - | €12,153 | -€36,247 | -€1,640 | -€5,706 | ▼ 248% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
31-12
Financial
Highest result since 2018net €18,126 ▲1,198%
Net result €18,126, the highest in the series.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,396
Net result €1,396 after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet -€14,968
Net result drops to -€14,968, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Cerfontaine · 1 establishment unit since 2016
Ground area
1,236 m²
Building footprint
120 m²
Parcel 93017B0442/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
STEPH-ELEC
since 20162.260.737.329
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93017B0442/00F000 | Wallonia | 1,236 m² | 1 · 120 m² | - |
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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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,574 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 (pre-2019)
Founded17-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0664677850
Also
9925:BE0664677850
Registered
27-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.