STEPKEY
ActiveSummary
STEPKEY has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€88,536) and a net result of -€1,879. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 5% of 9,627 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Equity
- -€88,536
- Loss
- -€1,879
- Bart FierensManaging director
- Martine VerheyenDirector
Why 53raises riskCapped at 59: negative equityNegative equity -€88,536Loss of €1,879, the second in a row (financial year 2025)lowers riskSize: total assets €3,919Liquidity: current ratio 0.12, cash €3,919Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 5% on solvency, 37% on liquidity, 5% on profitability and 35% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 21 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Reappointments: Bart Fierens (director) and Martine…Gazette deed
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €1,817 in 2025 against €1,117 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.4% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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% | 0.9% |
| 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 74.5% 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 6,621 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €201 | €211 | €118 | €120 | ▲ 1.7% |
| Gross operating margin9900 | -€3,295 | -€1,285 | -€2,060 | -€2,154 | -€692 | -€999 | -€1,697 | ▼ 69.9% |
| Operating profit (loss)9901 | -€3,295 | -€1,285 | -€2,060 | -€2,355 | -€903 | -€1,117 | -€1,817 | ▼ 62.7% |
| Financial income75/76B | - | - | - | - | - | €15 | €25 | ▲ 71.3% |
| Recurring financial income75 | - | - | - | - | - | €15 | €25 | ▲ 71.3% |
| Financial charges65/66B | - | - | - | €182 | €957 | €155 | €87 | ▼ 43.9% |
| Recurring financial charges65 | €756 | €416 | €131 | €182 | €957 | €155 | €87 | ▼ 43.9% |
| Profit (loss) for the period before taxes9903 | -€4,051 | -€1,701 | -€2,191 | -€2,537 | -€1,860 | -€1,256 | -€1,879 | ▼ 49.5% |
| Profit (loss) for the period9904 | -€4,051 | -€1,701 | -€2,191 | -€2,537 | -€1,860 | -€1,256 | -€1,879 | ▼ 49.5% |
| Profit (loss) for the period to be appropriated9905 | -€4,051 | -€1,701 | -€2,191 | -€2,537 | -€1,860 | -€1,256 | -€1,879 | ▼ 49.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €14,477 | €13,976 | €14,346 | €13,206 | €7,043 | €5,796 | €3,919 | ▼ 32.4% |
| Current assets29/58 | €14,477 | €13,976 | €14,346 | €13,206 | €7,043 | €5,796 | €3,919 | ▼ 32.4% |
| Amounts receivable within one year40/41 | - | €183 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €14,477 | €13,793 | €14,346 | €13,206 | €7,043 | €5,796 | €3,919 | ▼ 32.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €14,477 | €13,976 | €14,346 | €13,206 | €7,043 | €5,796 | €3,919 | ▼ 32.4% |
| Equity10/15 | -€77,111 | -€78,812 | -€81,003 | -€83,540 | -€85,401 | -€86,657 | -€88,536 | ▼ 2.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €108 | €108 | €108 | €108 | €108 | €108 | €108 | = |
| Non-distributable reserves130/1 | - | - | - | €108 | €108 | €108 | €108 | = |
| Legal reserve130 | - | - | - | €108 | €108 | €108 | €108 | = |
| Profit (loss) carried forward14 | -€139,219 | -€140,920 | -€143,111 | -€145,648 | -€147,508 | -€148,765 | -€150,643 | ▼ 1.3% |
| Amounts payable17/49 | €91,588 | €92,789 | €95,349 | €96,747 | €92,444 | €92,453 | €92,455 | = |
| Amounts payable after more than one year17 | €76,734 | €82,500 | €82,500 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Financial debts170/4 | - | - | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Amounts payable within one year42/48 | €14,854 | €10,289 | €12,849 | €36,747 | €32,444 | €32,453 | €32,455 | = |
| Trade debts44 | €2,124 | €522 | €817 | €2,014 | €109 | €118 | €120 | ▲ 1.7% |
| Suppliers440/4 | - | - | - | €2,014 | €109 | €118 | €120 | ▲ 1.7% |
| Other amounts payable47/48 | - | - | - | €34,733 | €32,335 | €32,335 | €32,335 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,051 | -€1,701 | -€2,191 | -€2,537 | -€1,860 | -€1,256 | -€1,879 | ▼ 49.5% |
| Operating cash flow (approximation) | -€4,051 | -€1,701 | -€2,191 | -€2,537 | -€1,860 | -€1,256 | -€1,879 | ▼ 49.5% |
| Change in cash | - | -€685 | €553 | -€1,139 | -€6,163 | -€1,247 | -€1,877 | ▼ 50.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 04-12-2025 | 2025-00575827 |
| 30-06-2024 | micro format | 08-01-2025 | 2025-00001271 |
| 30-06-2023 | micro format | 27-01-2024 | 2024-00009725 |
| 30-06-2022 | micro format | 27-12-2022 | 2022-20546786 |
| 30-06-2021 | abbreviated format | 18-01-2022 | 2022-01100353 |
| 30-06-2020 | micro format | 04-02-2021 | 2021-04700058 |
| 30-06-2019 | micro format | 14-01-2020 | 2020-01000431 |
| 30-06-2018 | micro format | 08-01-2019 | 2019-00600323 |
| 30-06-2017 | micro format | 21-12-2017 | 2017-72800335 |
| 30-06-2016 | abbreviated format | 20-12-2016 | 2016-70700474 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Bart Fierens |
|
| Martine Verheyen |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-01
Gazette deed
Reappointments: Bart Fierens (director) and Martine Verheyen (director)5 facts ▸
- General meeting, 29-11-2024
- Director reappointment, Bart Fierens (director (not named in the articles))
- Director reappointment, Martine Verheyen (director (not named in the articles))
- Board meeting, 25-11-2024
- Director reappointment, Bart Fierens (managing director)
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12017A0371/00B000 | Flanders | 2,949 m² | 1 · 199 m² | 7.6 m · 2 |