STEPHANE PHILIPPE
ActiveSTEPHANE PHILIPPE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-99k) 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 41 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▲+59
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
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.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Return on assets
7.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 15
Relative position
BE, all sectors
reference
Sector 15
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 41 sector peers (2025).
NBB · sector comparisonPosition among 41 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 filingsDeviation 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 →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-99k▲ 0.6%
2024 · €-100k
2018: €-233k
2019: €-243k
2020: €-255k
2021: €-262k
2022: €-96k
2023: €-95k
2024: €-100k
2018 → 2025
Total assets
€8k▲ 33.0%
2024 · €6k
2018: €87k
2019: €57k
2020: €42k
2021: €39k
2022: €10k
2023: €8k
2024: €6k
2018 → 2025
Net result
€645
2024 · €-4k
2018: €11k
2019: €-10k
2020: €-12k
2021: €-7k
2022: €166k
2023: €685
2024: €-4k
2018 → 2025
Working capital
€-99k▲ 0.7%
2024 · €-100k
2018: €-234k
2019: €-244k
2020: €-255k
2021: €-264k
2022: €-98k
2023: €-96k
2024: €-100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-262k-€-96k▲ 63.3%€-95k▲ 0.7%€-100k▼ 4.3%€-99k▲ 0.6%
Operating result€-7k-€165k€1k▼ 99.3%€-4k€834
Net result€-7k-€166k€685▼ 99.6%€-4k€645
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €834 after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8k
Fixed assets
€117▼ 38.2%
Current assets
€8k▲ 35.2%
Key figures and ratios
EBITDA
€907▲
2024 · €-3k
Cash flow
€717▲
2024 · €-4k
Current ratio
0.08▲
2024 · 0.06
Quick ratio
0.08▲
2024 · 0.06
Debt / equity
-1.08▼
2024 · -1.06
ROA
7.8%▲
2024 · -66.4%
Interest coverage
3.61▲
2024 · -12.88
Debt
€107k▲
2024 · €106k
Debt ≤ 1 year
€107k▲
2024 · €106k
A ratio outside any meaningful range has been withheld (balance sheet total €8k, equity €-99k).
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€6k€8k▲
Fixed assets21/28€190€117▼
Tangible fixed assets22/27€73-
Furniture and vehicles24€73-
Financial fixed assets28€117€117=
Current assets29/58€6k€8k▲
Amounts receivable within one year40/41€1k€5k▲
Trade receivables40€1k€5k▲
Cash at bank and in hand54/58€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€6k€8k▲
Equity10/15€-100k€-99k▲
Contributions10/11€19k€19k=
Reserves13€16k€16k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€-134k€-134k▲
Amounts payable17/49€106k€107k▲
Amounts payable within one year42/48€106k€107k▲
Trade debts44€8k€11k▲
Suppliers440/4€8k€11k▲
Taxes, remuneration and social security45€547€2k▲
Taxes450/3€547€2k▲
Other amounts payable47/48€97k€95k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€454€73▼
Gross operating margin9900€-3k€907▲
Operating profit (loss)9901€-4k€834▲
Financial income75/76B€20€61▲
Recurring financial income75€20€61▲
Financial charges65/66B€266€251▼
Recurring financial charges65€266€251▼
Profit (loss) for the period before taxes9903€-4k€645▲
Profit (loss) for the period9904€-4k€645▲
Profit (loss) for the period to be appropriated9905€-4k€645▲
Appropriation of the result
Profit (loss) to be appropriated9906€-134k€-134k▲
Profit (loss) brought forward from the previous period14P€-130k€-134k▼
The notes to these accounts (5 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €645
Net result €645 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €166k
Net result €166k after 3 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-11-2025
Resigned as Manager
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1983
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.
Kersbeeklaan 3081180 UkkelGround area
581 m²
Building footprint
247 m²
Volume, LiDAR
2,355 m³
2 parcels, Brussels · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
de Nieuwenhovestraat 8, 1180 Ukkel
since 19832.022.876.404
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0030/00T016 | Brussels | 342 m² | 1 · 99 m² | 13.8 m · 3 fl. |
| 21016B0022/00V000 | Brussels | 239 m² | 1 · 149 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
45 connected companiesNetwork connections
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Similar companies · same sector and region
HOME TIMER
BE 0479.537.910
Ukkel
KEUR-AMY LANGSETH
BE 1009.456.630
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ART LUGGAGE
BE 0773.478.889
Brussel
BD MAINTENANCE & CONSULTING
BE 0768.428.159
Londerzeel
BROCAL
BE 0401.898.417
Sint-Jans-Molenbeek
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 245 companies in sector 15120 we hold annual accounts for 25.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-1983
Fiscal year end31-12
Activities, NACEBEL
15120Manufacture of leather and related products
19200
14130Manufacture of wearing apparel
14210Manufacture of outerwear
18221
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.