Steppe
ActiveSummary
The annual accounts of Steppe for fiscal year 2024 show a net loss of 66% of total assets and of 61% of the equity at the start of that year. The 2024 annual accounts show equity of €53,048 and a net result of -€83,352. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 19374 sector peers (fiscal year 2024). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency67▼-19
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.93 against 2.3 in 2023; short-term debt: 55.9% and cash: 42.6% of total assets), and 58.3% of the assets are financed with debt.
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Signals
Six 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
41.7%
Return on assets
-65.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€83,352
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
22 d early
2023
29 d early
2022
25 d early
2021
31 d early
2020
23 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
In the rankings
#5 oldest company in Meise, Real estate sector
Equity
€53,048▼ 61.1%
2023 · €136,400
Total assets
€127,143▼ 42.9%
2023 · €222,686
Net result
-€83,352▼ 100%
2023 · -€41,666
Working capital
-€5,015
2023 · €82,019
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€54,165▼ 39.0%€957▼ 98.2%€64,369▲ 6,626%-€38,862-€81,405▼ 109%
Net result€41,205above the sector's middle half▼ 39.1%-€2,061within the sector's middle half€42,180above the sector's middle half-€41,666below the sector's middle half-€83,352below the sector's middle half▼ 100%
Equity€137,946within the sector's middle half▲ 42.6%€135,885within the sector's middle half▼ 1.5%€178,066within the sector's middle half▲ 31.0%€136,400within the sector's middle half▼ 23.4%€53,048within the sector's middle half▼ 61.1%
Total assets€245,309within the sector's middle half▲ 16.6%€252,664within the sector's middle half▲ 3.0%€310,413within the sector's middle half▲ 22.9%€222,686within the sector's middle half▼ 28.3%€127,143below the sector's middle half▼ 42.9%
Debt€107,363▼ 5.6%€116,778▲ 8.8%€132,348▲ 13.3%€86,286▼ 34.8%€74,095▼ 14.1%
Working capital€118,555above the sector's middle half▲ 52.7%€88,429within the sector's middle half▼ 25.4%€124,370above the sector's middle half▲ 40.6%€82,019within the sector's middle half▼ 34.1%-€5,015within the sector's middle half
Solvency56.2%within the sector's middle half▲ 10.3pp53.8%within the sector's middle half▼ 2.5pp57.4%within the sector's middle half▲ 3.6pp61.3%within the sector's middle half▲ 3.9pp41.7%within the sector's middle half▼ 19.5pp
Current ratio3.08above the sector's middle half▲ 1.303.10above the sector's middle half▲ 0.022.47within the sector's middle half▼ 0.642.30within the sector's middle half▼ 0.160.93within the sector's middle half▼ 1.38
Return on assets (ROA)16.8%above the sector's middle half▼ 15.4pp-0.8%within the sector's middle half▼ 17.6pp13.6%above the sector's middle half▲ 14.4pp-18.7%below the sector's middle half▼ 32.3pp-65.6%below the sector's middle half▼ 46.8pp
Staff (FTE)1within the sector's middle half▲ 66.7%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 €81,405 in 2024 against €38,862 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €127,143
Fixed assets
€61,127 ▼ 21.4%
Current assets
€66,016 ▼ 54.4%
Equity and liabilities €127,143
Equity
€53,048 ▼ 61.1%
Debt
€74,095 ▼ 14.1%
Debt's share of the balance-sheet total rises from 38.7% to 58.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€46,432▼
2023 · -€6,869
Cash flow
-€48,380▼
2023 · -€9,673
Debt to equity
1.40▲
2023 · 0.63
ROE
-157.1%▼
2023 · -30.5%
Interest coverage
-51.13▼
2023 · -4.16
Debt ≤ 1 year
€71,031▲
2023 · €62,862
Debt > 1 year
€3,065▼
2023 · €23,424
Income taxes
€1,130▼
2023 · €1,150
Staff costs
€60,849▲
2023 · €58,767
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 5,834 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €19,008 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €17,207 | €36,702 | €58,767 | €60,849 | ▲ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,307 | €25,770 | €30,102 | €31,993 | €34,973 | ▲ 9.3% |
| Other operating charges640/8 | - | €3,938 | €1,466 | €11,951 | €2,729 | ▼ 77.2% |
| Gross operating margin9900 | €92,411 | €47,872 | €132,639 | €63,849 | €17,146 | ▼ 73.1% |
| Operating profit (loss)9901 | €54,165 | €957 | €64,369 | -€38,862 | -€81,405 | ▼ 109% |
| Financial income75/76B | - | €0 | €426 | €0 | €90 | ▲ 451,600% |
| Recurring financial income75 | €1 | €0 | €426 | €0 | €90 | ▲ 451,600% |
| Financial charges65/66B | - | €2,135 | €1,834 | €1,653 | €908 | ▼ 45.1% |
| Recurring financial charges65 | €1,623 | €2,135 | €1,834 | €1,653 | €908 | ▼ 45.1% |
| Profit (loss) for the period before taxes9903 | €52,543 | -€1,177 | €62,961 | -€40,515 | -€82,223 | ▼ 103% |
| Income taxes67/77 | €11,338 | €883 | €20,781 | €1,150 | €1,130 | ▼ 1.8% |
| Profit (loss) for the period9904 | €41,205 | -€2,061 | €42,180 | -€41,666 | -€83,352 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €41,205 | -€2,061 | €42,180 | -€41,666 | -€83,352 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €245,309 | €252,664 | €310,413 | €222,686 | €127,143 | ▼ 42.9% |
| Fixed assets21/28 | €69,855 | €122,181 | €101,169 | €77,805 | €61,127 | ▼ 21.4% |
| Tangible fixed assets22/27 | €69,855 | €122,181 | €101,169 | €77,805 | €61,127 | ▼ 21.4% |
| Plant, machinery and equipment23 | - | €10,740 | €11,744 | €11,160 | €7,429 | ▼ 33.4% |
| Furniture and vehicles24 | - | €101,048 | €80,225 | €55,570 | €30,512 | ▼ 45.1% |
| Other tangible fixed assets26 | - | €10,393 | €9,200 | €11,075 | €23,186 | ▲ 109% |
| Current assets29/58 | €175,453 | €130,483 | €209,244 | €144,881 | €66,016 | ▼ 54.4% |
| Amounts receivable within one year40/41 | €24,201 | €40,175 | €48,719 | €11,238 | €11,725 | ▲ 4.3% |
| Trade receivables40 | - | €31,058 | €37,474 | €11,238 | €11,683 | ▲ 4.0% |
| Other amounts receivable41 | - | €9,117 | €11,245 | - | €42 | - |
| Cash at bank and in hand54/58 | €150,308 | €88,118 | €160,526 | €133,644 | €54,150 | ▼ 59.5% |
| Deferred charges and accrued income490/1 | - | €2,190 | - | - | €141 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €245,309 | €252,664 | €310,413 | €222,686 | €127,143 | ▼ 42.9% |
| Equity10/15 | €137,946 | €135,885 | €178,066 | €136,400 | €53,048 | ▼ 61.1% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €31,859 | €31,859 | €159,474 | €117,808 | €117,808 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €30,000 | €157,614 | €117,808 | €117,808 | = |
| Profit (loss) carried forward14 | €87,495 | €85,434 | - | - | -€83,352 | - |
| Amounts payable17/49 | €107,363 | €116,778 | €132,348 | €86,286 | €74,095 | ▼ 14.1% |
| Amounts payable after more than one year17 | €50,464 | €74,724 | €47,473 | €23,424 | €3,065 | ▼ 86.9% |
| Financial debts170/4 | - | €74,724 | €47,473 | €23,424 | €3,065 | ▼ 86.9% |
| Amounts payable within one year42/48 | €56,899 | €42,054 | €84,874 | €62,862 | €71,031 | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | - | €26,911 | €27,251 | €24,015 | €20,360 | ▼ 15.2% |
| Trade debts44 | €29,356 | €5,052 | €10,374 | €9,641 | €10,731 | ▲ 11.3% |
| Suppliers440/4 | - | €5,052 | €10,374 | €9,641 | €10,731 | ▲ 11.3% |
| Taxes, remuneration and social security45 | - | €9,198 | €47,250 | €23,136 | €24,749 | ▲ 7.0% |
| Taxes450/3 | - | €8,905 | €43,049 | €15,893 | €14,124 | ▼ 11.1% |
| Remuneration and social security454/9 | - | €293 | €4,201 | €7,243 | €10,625 | ▲ 46.7% |
| Other amounts payable47/48 | - | €894 | - | €6,070 | €15,191 | ▲ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,205 | -€2,061 | €42,180 | -€41,666 | -€83,352 | ▼ 100% |
| + Depreciation and write-downs630 | €17,307 | €25,770 | €30,102 | €31,993 | €34,973 | ▲ 9.3% |
| Operating cash flow (approximation) | €58,512 | €23,710 | €72,282 | -€9,673 | -€48,380 | ▼ 400% |
| Investment in fixed assets (approximation) | - | -€78,096 | -€9,091 | -€8,629 | -€18,294 | ▼ 112% |
| Change in cash | - | -€62,190 | €72,407 | -€26,882 | -€79,494 | ▼ 196% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€83,352
Net result drops to -€83,352, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €42,180
Net result €42,180 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €178,066 ▲31%
Equity rises from €135,885 to €178,066.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €137,946 ▲42.6%
3 profitable years in a row build equity to €137,946.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €67,701 ▲68.6%
Operating result €88,743, net result €67,701, both a record.
Show earlier events
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Meise · 2 establishment units since 1982
Ground area
1,706 m²
Building footprint
292 m²
Volume, LiDAR
2,253 m³
2 parcels, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Immo VITA
since 19822.021.875.027
Markt 17, 1785 Merchtem
since 20222.334.184.343
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0193/00D000 | Flanders | 1,305 m² | 1 · 167 m² | 15.3 m · 3 fl. |
| 23093C0249/00G000 | Flanders | 400 m² | 1 · 125 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 49 EUR awarded · 49 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 49 EUR | 49 EUR |
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,904 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-12-1982
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423383125
Also
9925:BE0423383125
Registered
06-09-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Business parks
1 parkOffers a parcel on business park:Brusselsesteenweg - Dooren