STEPHAN'S
ActiveSTEPHAN'S has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €-943. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 80% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34=
Solvency96▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.06 in 2024; short-term debt: 28.8% and cash: 0.3% of total assets), and 28.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
71.2%
Return on assets
-1.6%
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
35 d early
2023
37 d early
2022
35 d early
2021
34 d early
2020
40 d early
2019
31 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€42k▼ 2.2%
2024 · €43k
2018: €23k
2019: €41k
2020: €39k
2021: €42k
2022: €45k
2023: €44k
2024: €43k
2018 → 2025
Total assets
€59k▼ 1.3%
2024 · €60k
2018: €142k
2019: €61k
2020: €61k
2021: €60k
2022: €61k
2023: €60k
2024: €60k
2018 → 2025
Net result
€-943▼ 0.5%
2024 · €-938
2018: €14k
2019: €18k
2020: €-2k
2021: €2k
2022: €3k
2023: €-684
2024: €-938
2018 → 2025
Working capital
€-17k▼ 6.0%
2024 · €-16k
2018: €81k
2019: €-18k
2020: €-20k
2021: €-17k
2022: €-14k
2023: €-15k
2024: €-16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€45k▲ 7.4%€44k▼ 1.5%€43k▼ 2.1%€42k▼ 2.2%
Operating result€2k-€3k▲ 23.6%€-684€-938▼ 37.1%€-943▼ 0.5%
Net result€2k-€3k▲ 23.6%€-684€-938▼ 37.1%€-943▼ 0.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €943 in 2025 against €938 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59k
Fixed assets
€59k=
Current assets
€201▼ 79.2%
Equity and liabilities €59k
Equity
€42k▼ 2.2%
Debt
€17k▲ 1.0%
The debt ratio rises from 28.1% to 28.8%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
71.2%▼
2024 · 71.9%
Current ratio
0.01▼
2024 · 0.06
Quick ratio
0.01▼
2024 · 0.06
Debt / equity
0.40▲
2024 · 0.39
ROE
-2.2%▼
2024 · -2.2%
ROA
-1.6%▼
2024 · -1.6%
Debt
€17k▲
2024 · €17k
Debt ≤ 1 year
€17k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€60k€59k▼
Fixed assets21/28€59k€59k=
Tangible fixed assets22/27€59k€59k=
Other tangible fixed assets26€59k€59k=
Current assets29/58€967€201▼
Amounts receivable within one year40/41€737€48▼
Other amounts receivable41€737€48▼
Cash at bank and in hand54/58€230€153▼
Equity and liabilities
Total equity and liabilities10/49€60k€59k▼
Equity10/15€43k€42k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-19k€-20k▼
Amounts payable17/49€17k€17k▲
Amounts payable within one year42/48€17k€17k▲
Trade debts44€864€844▼
Suppliers440/4€864€844▼
Other amounts payable47/48€16k€16k▲
Income statement
Code20242025
Other operating charges640/8€513€528▲
Gross operating margin9900€-425€-415▲
Operating profit (loss)9901€-938€-943▼
Financial charges65/66B€0€0▼
Recurring financial charges65€0€0▼
Profit (loss) for the period before taxes9903€-938€-943▼
Profit (loss) for the period9904€-938€-943▼
Profit (loss) for the period to be appropriated9905€-938€-943▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-20k▼
Profit (loss) brought forward from the previous period14P€-18k€-19k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-2k ▼110%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €18k ▲32.6%
Operating result €18k, net result €18k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Knokke-Heist · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Knokkestraat 6568300 Knokke-HeistGround area
411 m²
Building footprint
101 m²
Volume, LiDAR
594 m³
Parcel 31013D0285/00Y000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STEPHAN NV
since 19912.051.707.277
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013D0285/00Y000 | Flanders | 411 m² | 1 · 101 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Elsene · Eq €42k
ARNE-BOUW
BE 0567.917.578
Wervik · Eq €42k
MOLD CONSTRUCT
BE 0786.583.589
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CONDURIL
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Ukkel · Eq €42k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,970 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-02-1991
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.