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STEPHANE PHILIPPE

Active
Private limited companyfounded 198343 yrs activeKersbeeklaan 308, 1180 Ukkel, BelgiumKBO/BCE: BE 0424.410.335
Summary

STEPHANE PHILIPPE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€98,879) and a net result of €645. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 33 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisWatch ReportCompare
STEPHANE PHILIPPEActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of leather and related products
NACE 15120Manufacture of coke and refined petroleum products NACE 19200
#8 oldest company in Belgium, Leather and related products sector1 site
Size
€8,266total assets 2025
Equity
-€98,879
Profit
€645
Turnover not published (abridged schema)
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
1.1%
Structure
Accounts 2 d early0 of 1 deed read
Why 55Capped at 59: negative equity- 1 change of registered office in 24 months- Negative equity -€98,879- Sector Manufacture of leather and related products (NACE 15)+ Size: total assets €8,266Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 46% of its sector peers (NACE 15, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -1196.2% of total assets
Liquidity 49-1
short-term debt 1296.2% · cash 39.2%
Profitability 59+59
return on assets 7.8%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (54 companies)
Last 24 months 11-2024: 1.0%lowest value 12-2024: 1.0%● 0.0% vs 11-2024lowest value 01-2025: 1.0%● 0.0% vs 12-2024lowest value 02-2025: 1.0%● 0.0% vs 01-2025lowest value 03-2025: 1.0%▲ +2.3% vs 02-2025 04-2025: 1.0%▲ +2.8% vs 03-2025 05-2025: 1.0%▲ +0.2% vs 04-2025 06-2025: 1.0%▼ -2.1% vs 05-2025 07-2025: 1.4%▲ +40.4% vs 06-2025 08-2025: 1.2%▼ -15.7% vs 07-2025 09-2025: 1.2%● 0.0% vs 08-2025 10-2025: 1.2%● 0.0% vs 09-2025 11-2025: 1.2%● 0.0% vs 10-2025 12-2025: 2.3%▲ +102% vs 11-2025 01-2026: 2.3%● 0.0% vs 12-2025 02-2026: 2.3%● 0.0% vs 01-2026 03-2026: 2.4%▲ +3.0% vs 02-2026 04-2026: 2.4%▼ -2.8% vs 03-2026 05-2026: 2.5%▲ +5.8% vs 04-2026 06-2026: 2.4%▼ -1.8% vs 05-2026 07-2026: 2.8%▲ +14.3% vs 06-2026highest value 08-2026: 1.1%▼ -59.8% vs 07-2026 09-2026: 1.1%● 0.0% vs 08-2026 10-2026: 1.1%● 0.0% vs 09-2026
  • 1 change of registered office in 24 months raises the probability
  • Negative equity -€98,879 raises the probability
  • Sector Manufacture of leather and related products (NACE 15) raises the probability
  • Size: total assets €8,266 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.08 against 0.06 in 2024; cash: 39.2% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 15, micro). Better than this share of them on solvency 14%, liquidity 43%, profitability 65%, growth against the median 64%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Negative equity -€98,879
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of leather and related products (NACE 15)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: total assets €8,266
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 33 sector peers (2025).
NBB · sector comparison
Position among 33 sector peers
Solvency
better than 5%
← weakest strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
1 d early
2023
29 d late
2022
24 d late
2021
24 d late
2020
152 d late
2019
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 45 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 24 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €645
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€98,879 View
  • Caution: Among the weakest 6% on solvencysector median 33.4% · 33 companies -1196.2% View
  • Active since 1983founded 29-07-1983 43 years View

By topic

Financials

Fiscal year
2025
Total assets
€8,266
Profit
€645
Solvency
-1196.2%
Total assets▲ 33.0%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 29-07-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 30-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of leather and related productsNACE 15120
Founded
29-07-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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