Stepwyse
ActiveSummary
Stepwyse has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €352,187 and a net result of -€28,072. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 95% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-02-2003 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.131.919.844 3220 Holsbeek, since 27-05-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- -€12,939
- Loss
- €28,072
- Equity
- €352,187
- ▼ 14.0%
- Total assets
- €368,200
- ▼ 15.3%
Score breakdownraises riskLoss of €28,072 (financial year 2025)lowers riskLiquidity: current ratio 20.83, cash €195,108Equity €352,187 (95.7% of total assets)Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 86% of them on solvency, 97% on liquidity, 10% on profitability and 26% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 4 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 09-06-2026 PDF all 23 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €22,167, after a profit of €115,933 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,799 | €10,686 | €12,746 | €3,115 | €19,898 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €8,838 | €9,790 | €10,064 | €7,718 | €7,860 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €8,400 awarded · €8,400 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,000 | €3,000 |
| 2024 | 1 | €5,400 | €5,400 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €4,162 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,934 | €17,978 | €12,238 | €8,838 | €9,790 | €10,064 | €7,718 | €7,860 | ▲ 1.8% |
| Other operating charges640/8 | - | - | - | €2,673 | €2,343 | €5,040 | €1,477 | €1,368 | ▼ 7.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €7,561 | €0 | ▼ 100% |
| Gross operating margin9900 | €39,892 | €51,714 | €29,186 | €135,608 | €145,588 | €137,475 | €132,689 | -€12,939 | - |
| Operating profit (loss)9901 | €9,141 | €31,098 | €14,053 | €124,097 | €133,455 | €122,371 | €115,933 | -€22,167 | - |
| Financial income75/76B | - | - | - | €333 | €665 | €3,828 | €2,942 | €3,656 | ▲ 24.3% |
| Recurring financial income75 | €96 | €47 | €0 | €333 | €665 | €3,828 | €2,942 | €3,656 | ▲ 24.3% |
| Financial charges65/66B | - | - | - | €2,150 | €1,892 | €2,663 | €6,121 | €5,197 | ▼ 15.1% |
| Recurring financial charges65 | €4,252 | €1,644 | €1,920 | €2,150 | €1,892 | €2,663 | €6,121 | €5,197 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €4,984 | €29,500 | -€68,011 | €122,279 | €132,229 | €123,536 | €112,754 | -€23,708 | - |
| Income taxes67/77 | €4,360 | €8,858 | €7,857 | €35,756 | €41,433 | €41,678 | €35,904 | €4,364 | ▼ 87.8% |
| Profit (loss) for the period9904 | €624 | €20,641 | -€75,869 | €86,524 | €90,796 | €81,858 | €76,850 | -€28,072 | - |
| Profit (loss) for the period to be appropriated9905 | €624 | €20,641 | -€35,208 | €86,524 | €90,796 | €81,858 | €76,850 | -€28,072 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €220,171 | €195,345 | €112,426 | €211,894 | €285,872 | €355,250 | €434,846 | €368,200 | ▼ 15.3% |
| Fixed assets21/28 | €126,487 | €123,107 | €32,419 | €34,379 | €35,276 | €37,958 | €25,794 | €37,832 | ▲ 46.7% |
| Tangible fixed assets22/27 | €126,462 | €123,082 | €32,394 | €34,354 | €35,251 | €37,933 | €25,769 | €37,807 | ▲ 46.7% |
| Land and buildings22 | - | - | - | €17,404 | €15,218 | €13,564 | €5,183 | €4,363 | ▼ 15.8% |
| Plant, machinery and equipment23 | - | - | - | €11,374 | €16,760 | €13,816 | €8,355 | €6,863 | ▼ 17.8% |
| Furniture and vehicles24 | - | - | - | €5,577 | €3,273 | €10,553 | €12,232 | €26,581 | ▲ 117% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €93,684 | €72,239 | €80,007 | €177,515 | €250,596 | €317,292 | €409,053 | €330,368 | ▼ 19.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €25,000 | €55,000 | €15,000 | €15,477 | ▲ 3.2% |
| Other amounts receivable291 | - | - | - | - | €25,000 | €55,000 | €15,000 | €15,477 | ▲ 3.2% |
| Amounts receivable within one year40/41 | €40,799 | €52,760 | €10,405 | €20,858 | €23,423 | €31,797 | €29,223 | €67,510 | ▲ 131% |
| Trade receivables40 | - | - | - | €20,858 | €23,423 | €17,611 | €26,430 | €21,042 | ▼ 20.4% |
| Other amounts receivable41 | - | - | - | - | - | €14,186 | €2,793 | €46,468 | ▲ 17× |
| Cash at bank and in hand54/58 | €51,038 | €18,444 | €65,765 | €153,092 | €198,044 | €227,333 | €294,454 | €195,108 | ▼ 33.7% |
| Deferred charges and accrued income490/1 | - | - | - | €3,565 | €4,129 | €3,162 | €70,376 | €52,274 | ▼ 25.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €220,171 | €195,345 | €112,426 | €211,894 | €285,872 | €355,250 | €434,846 | €368,200 | ▼ 15.3% |
| Equity10/15 | €152,932 | €173,573 | €97,705 | €160,228 | €251,024 | €332,882 | €409,733 | €352,187 | ▼ 14.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €142,500 | €154,973 | €79,105 | €141,628 | €232,424 | €314,282 | €391,133 | €336,028 | ▼ 14.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €139,768 | €232,424 | €314,282 | €391,133 | €336,028 | ▼ 14.1% |
| Profit (loss) carried forward14 | -€8,168 | - | - | - | - | - | - | -€2,441 | - |
| Amounts payable17/49 | €67,238 | €21,772 | €14,721 | €51,666 | €34,847 | €22,368 | €25,114 | €16,013 | ▼ 36.2% |
| Amounts payable within one year42/48 | €62,732 | €17,643 | €14,721 | €51,666 | €34,847 | €22,368 | €25,114 | €15,863 | ▼ 36.8% |
| Trade debts44 | €2,235 | €5,423 | €4,707 | €1,900 | €1,337 | €1,373 | €2,872 | €7,537 | ▲ 162% |
| Suppliers440/4 | - | - | - | €1,900 | €1,337 | €1,373 | €2,872 | €7,537 | ▲ 162% |
| Taxes, remuneration and social security45 | - | - | - | €26,472 | €26,931 | €20,995 | €22,242 | €8,326 | ▼ 62.6% |
| Taxes450/3 | - | - | - | €26,472 | €26,931 | €20,995 | €18,132 | €5,530 | ▼ 69.5% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €4,110 | €2,796 | ▼ 32.0% |
| Other amounts payable47/48 | - | - | - | €23,294 | €6,579 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €150 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €624 | €20,641 | -€75,869 | €86,524 | €90,796 | €81,858 | €76,850 | -€28,072 | - |
| + Depreciation and write-downs630 | €27,934 | €17,978 | €12,238 | €8,838 | €9,790 | €10,064 | €7,718 | €7,860 | ▲ 1.8% |
| Operating cash flow (approximation) | €28,558 | €38,619 | -€63,631 | €95,362 | €100,586 | €91,923 | €84,568 | -€20,212 | - |
| Investment in fixed assets (approximation) | - | -€14,598 | €78,450 | -€10,799 | -€10,686 | -€12,746 | €4,446 | -€19,898 | - |
| Change in cash | - | -€32,595 | €47,321 | €87,327 | €44,952 | €29,289 | €67,121 | -€99,346 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as Stepwyse has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Stepwyse itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for Stepwyse. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-06-2026 | 2026-00149061 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00452592 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00303230 | |
| 31-12-2022 | micro format | 18-08-2023 | 2023-00336066 | |
| 31-12-2021 | micro format | 09-08-2022 | 2022-20289171 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-61800424 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-35500320 | |
| 31-12-2018 | micro format | 09-07-2019 | 2019-30000456 | |
| 31-12-2017 | micro format | 14-06-2018 | 2018-18000321 | |
| 31-12-2016 | micro format | 06-07-2017 | 2017-27300256 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 05-12-2022 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Werbrouck Filip |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Algemene vergadering mag één of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen, bestuurder(s) in functie als…”
Articles of association, deed of 05-12-2022 (in Dutch)
Network & group
Stepwyse shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Stepwyse. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-12
Gazette deed
Change of role: Werbrouck Filip, from manager to directorCapital conversion · Amendment of the articles · Director discharge11 points ▸
- General meeting, 17-11-2022
- Other provision, “aanpassing statuten en behoud rechtsvorm, statuten aanpassen” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening, opheffing” (deed in Dutch)
- Amendment of the articles
- Director resignation, Werbrouck Filip (manager)
- Director appointment, Werbrouck Filip (director (not named in the articles))
- Director discharge, Werbrouck Filip
- Registered office clause, “3220 Holsbeek Preekherenberg 8 A” (deed in Dutch)
- Power of attorney
- Other provision, “goedkeuring gecoördineerde statuten, kennisname en goedkeuring tekst gecoördineerde statuten” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
12 activities
- Het verstrekken van alle technische,bedrijfseconomische,sociale,financiële en juridische adviezen en het verlenen van administratieve bijstand op elk gebied
- Het bemiddelen bij instellingen en ondernemingen in deze sectoren
- Het ondersteunen van andere financiële,commerciële of industriële ondernemingen;het deelnemen of bemiddelen als aandeelhouder in hun oprichting of hun ontwikkeling en het waarborgen van hun verbintenissen
- De dienstverlening inzake industriële,commerciële en financiële marketing,het optreden als tussenpersoon in de handel,de studie van industriële,commerciële en financiële projecten,evenals het begeleiden ervan,het verlenen van managementsadviezen in de industriële,commerciële en financiële sector,bijstands- en raadgevend kantoor inzake bedrijfs- en projectleiding,de aankoop en verkoop van allerlei industriële producten
- Het opstellen van technische,commerciële,administratieve,financiële en juridische rapporten en het voeren van onderhandelingen met alle daarbij betrokken instellingen en ondernemingen
- Het beheren,verhuren,in bruikleen geven van patenten,octrooien,formules in om het even welke sector
- Het aan- en verkopen,het beheren,het beleggen,het beleggen in en het bemiddelen bij aan- en verkoop van alle portefeuillewaarden
- Het vervullen van bestuursfuncties binnen andere vennootschappen
- De aankoop en de verkoop van alle onbebouwde en gebouwde goederen van alle aard en voor alle bestemmingen;het verkavelen,uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onbebouwde onroerende goederen;het bouwen,verbouwen,aanpassen,herstellen van alle gebouwen en constructies bij middel van alle technieken en in alle stadia van afwerking
- Het huren,verhuren en uitbaten op alle mogelijke wijzen van alle mogelijke onbebouwde en gebouwde goederen
- Het in bewaring nemen van onroerende goederen
- De specifieke activiteit van de onroerende promotie
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24103C0077/00K000 | Flanders | 1,629 m² | 1 · 186 m² | 10.3 m · 3 |