STEPHISAN
ActiveSTEPHISAN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €-4k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+56
Solvency74▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
short-term debt: 0% and cash: 3% of total assets, and 50.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
49.2%
Return on assets
-2.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
6 d early
2023
34 d early
2022
32 d early
2021
32 d early
2020
26 d early
2019
41 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
€84k▼ 4.5%
2024 · €88k
2018: €97k
2019: €127k
2020: €119k
2021: €116k
2022: €108k
2023: €101k
2024: €88k
2018 → 2025
Total assets
€172k▼ 6.5%
2024 · €184k
2018: €246k
2019: €274k
2020: €253k
2021: €233k
2022: €217k
2023: €203k
2024: €184k
2018 → 2025
Net result
€-4k▲ 68.2%
2024 · €-12k
2018: €13k
2019: €29k
2020: €-8k
2021: €-3k
2022: €-8k
2023: €-7k
2024: €-12k
2018 → 2025
Working capital
€5k▼ 35.1%
2024 · €8k
2018: €10k
2019: €40k
2020: €38k
2023: €19k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€116k-€108k▼ 7.1%€101k▼ 6.4%€88k▼ 12.3%€84k▼ 4.5%
Operating result€-5k-€-7k▼ 42.0%€-7k▼ 5.2%€-12k▼ 80.0%€-4k▲ 68.5%
Net result€-3k-€-8k▼ 212%€-7k▲ 16.1%€-12k▼ 79.6%€-4k▲ 68.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €12k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172k
Fixed assets
€167k▼ 5.0%
Current assets
€5k▼ 39.1%
Equity and liabilities €172k
Equity
€84k▼ 4.5%
Debt
€87k▼ 8.5%
The debt ratio falls from 51.9% to 50.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5k▲
2024 · €-4k
Cash flow
€5k▲
2024 · €-4k
Solvency
49.2%▲
2024 · 48.1%
Debt / equity
1.03▼
2024 · 1.08
ROE
-4.7%▲
2024 · -14.1%
ROA
-2.3%▲
2024 · -6.8%
Interest coverage
95.36▲
2024 · -83.57
Debt
€87k▼
2024 · €95k
Debt ≤ 1 year
€0▼
2024 · €513
Debt > 1 year
€87k▼
2024 · €95k
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€184k€172k▼
Fixed assets21/28€175k€167k▼
Tangible fixed assets22/27€175k€167k▼
Land and buildings22€175k€167k▼
Current assets29/58€8k€5k▼
Cash at bank and in hand54/58€8k€5k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€184k€172k▼
Equity10/15€88k€84k▼
Contributions10/11€19k€19k=
Reserves13€108k€108k=
Distributable reserves133€108k€108k=
Profit (loss) carried forward14€-38k€-42k▼
Amounts payable17/49€95k€87k▼
Amounts payable after more than one year17€95k€87k▼
Financial debts170/4€95k€87k▼
Amounts payable within one year42/48€513€0▼
Trade debts44€513€0▼
Suppliers440/4€513€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-2k€7k▲
Operating profit (loss)9901€-12k€-4k▲
Financial charges65/66B€44€51▲
Recurring financial charges65€44€51▲
Profit (loss) for the period before taxes9903€-12k€-4k▲
Profit (loss) for the period9904€-12k€-4k▲
Profit (loss) for the period to be appropriated9905€-12k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€-42k▼
Profit (loss) brought forward from the previous period14P€-26k€-38k▼
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial
Highest result since 2018net €29k ▲125%
Net result €29k, the highest in the series.
31-12
Financial
Equity above €100kEq €127k ▲30%
2 profitable years in a row build equity to €127k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
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
4 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 1992
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.
Witte Bankstraat 28301 Knokke-HeistGround area
275 m²
Building footprint
92 m²
Volume, LiDAR
900 m³
Parcel 31336H1119/00B000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Witte Bankstraat 2, 8301 Knokke-Heist
since 19922.121.837.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31336H1119/00B000 | Flanders | 275 m² | 1 · 92 m² | 11.8 m · 3 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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AUXILIANS
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Craft Brouwerij Ericson Smith
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Solidum Construct
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,378. 5,267 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-1992
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.