STERCUS
ActiveSummary
STERCUS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259,774 and a net result of €302,981. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+27
Solvency33▲+3
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.36 in 2024; short-term debt: 55.5% and cash: 0.1% of total assets), and 91.8% of the assets are financed with debt.
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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 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.2%
Return on assets
9.5%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 114 sector peers (2025).
NBB · sector comparisonPosition among 114 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €259,774
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
26 d late
2023
30 d late
2022
42 d early
2021
26 d late
2020
30 d late
2019
28 d late
← 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 13 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 fastest grower in West Flanders, Chemicals sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€259,774▲ 25.6%
2024 · €206,792
Total assets
€3.2m▼ 24.5%
2024 · €4.2m
Net result
€302,981▲ 4,875%
2024 · €6,090
Working capital
-€1.5m▼ 0.8%
2024 · -€1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, 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
Line20212022202320242025
Operating result-€66,319-€89,297▼ 34.6%€237,594€225,197▼ 5.2%€393,706▲ 74.8%
Net result-€82,982below the sector's middle half-€144,610below the sector's middle half▼ 74.3%€120,327within the sector's middle half€6,090below the sector's middle half▼ 94.9%€302,981above the sector's middle half▲ 4,875%
Equity€224,986within the sector's middle half▼ 26.9%€80,376below the sector's middle half▼ 64.3%€200,702within the sector's middle half▲ 150%€206,792within the sector's middle half▲ 3.0%€259,774within the sector's middle half▲ 25.6%
Total assets€2.6mwithin the sector's middle half▼ 8.3%€2.8mwithin the sector's middle half▲ 8.4%€3.9mabove the sector's middle half▲ 39.1%€4.2mabove the sector's middle half▲ 8.3%€3.2mabove the sector's middle half▼ 24.5%
Debt€2.3m▼ 6.0%€2.7m▲ 15.4%€3.7m▲ 35.8%€4.0m▲ 8.6%€2.9m▼ 27.1%
Working capital-€974,346below the sector's middle half▼ 44.2%-€991,022below the sector's middle half▼ 1.7%-€1.2mbelow the sector's middle half▼ 20.8%-€1.5mbelow the sector's middle half▼ 25.6%-€1.5mbelow the sector's middle half▼ 0.8%
Solvency8.7%below the sector's middle half▼ 2.2pp2.9%below the sector's middle half▼ 5.9pp5.2%below the sector's middle half▲ 2.3pp4.9%below the sector's middle half▼ 0.3pp8.2%below the sector's middle half▲ 3.3pp
Current ratio0.39below the sector's middle half▼ 0.170.35below the sector's middle half▼ 0.050.45below the sector's middle half▲ 0.100.36below the sector's middle half▼ 0.090.14below the sector's middle half▼ 0.22
Return on assets (ROA)-3.2%below the sector's middle half▼ 4.4pp-5.2%below the sector's middle half▼ 2.0pp3.1%within the sector's middle half▲ 8.3pp0.1%below the sector's middle half▼ 3.0pp9.5%within the sector's middle half▲ 9.4pp
Staff (FTE)17.8above the sector's middle half▲ 13.4%18.3above the sector's middle half▲ 2.8%20.8above the sector's middle half▲ 13.7%20.1above the sector's middle half▼ 3.4%21.1above the sector's middle half▲ 5.0%
above
within
below
the middle half (P25 to P75) of NACE 20, Manufacture of chemicals and chemical products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result +4,875% on 2024. This fiscal year ran 9 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 75% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€2.9m ▼ 12.6%
Current assets
€248,803 ▼ 71.0%
Equity and liabilities €3.2m
Equity
€259,774 ▲ 25.6%
Debt
€2.9m ▼ 27.1%
Debt's share of the balance-sheet total falls from 95.1% to 91.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€972,387▲
2024 · €968,797
Cash flow
€881,662▲
2024 · €749,689
Debt to equity
11.23▼
2024 · 19.34
ROE
116.6%▲
2024 · 2.9%
Interest coverage
10.25▲
2024 · 4.18
Debt ≤ 1 year
€1.8m▼
2024 · €2.4m
Debt > 1 year
€1.1m▼
2024 · €1.6m
Staff costs
€1.2m▼
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 496 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.2%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 496 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €16,891 | €57,274 | €62,461 | €117,370 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €1.2m | €1.2m | €1.4m | €1.5m | €1.2m | ▼ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €464,670 | €509,930 | €568,244 | €743,599 | €578,681 | ▼ 22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €5,905 | - | - | - | - |
| Other operating charges640/8 | €46,802 | €126,551 | €43,944 | €38,084 | €9,833 | ▼ 74.2% |
| Non-recurring operating charges66A | €2,732 | €52,655 | €4,127 | €1,064 | €11,846 | ▲ 1,014% |
| Gross operating margin9900 | €1.7m | €1.8m | €2.3m | €2.5m | €2.2m | ▼ 13.1% |
| Operating profit (loss)9901 | -€66,319 | -€89,297 | €237,594 | €225,197 | €393,706 | ▲ 74.8% |
| Financial income75/76B | €8,503 | €5,421 | €6,111 | €12,902 | €4,140 | ▼ 67.9% |
| Recurring financial income75 | €8,503 | €5,421 | €6,111 | €12,902 | €4,140 | ▼ 67.9% |
| Financial charges65/66B | €25,166 | €60,735 | €123,379 | €232,009 | €94,865 | ▼ 59.1% |
| Recurring financial charges65 | €25,166 | €60,735 | €123,379 | €232,009 | €94,865 | ▼ 59.1% |
| Profit (loss) for the period before taxes9903 | -€82,982 | -€144,610 | €120,327 | €6,090 | €302,981 | ▲ 4,875% |
| Profit (loss) for the period9904 | -€82,982 | -€144,610 | €120,327 | €6,090 | €302,981 | ▲ 4,875% |
| Transfer to tax-exempt reserves689 | €16,891 | €56,469 | €62,461 | €112,615 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€99,873 | -€201,079 | €57,866 | -€106,525 | €302,981 | ▲ 384% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.8m | €3.9m | €4.2m | €3.2m | ▼ 24.5% |
| Fixed assets21/28 | €1.9m | €2.3m | €2.9m | €3.3m | €2.9m | ▼ 12.6% |
| Tangible fixed assets22/27 | €1.9m | €2.3m | €2.9m | €3.3m | €2.9m | ▼ 12.6% |
| Plant, machinery and equipment23 | €45,757 | €38,024 | €22,548 | €10,958 | €5,061 | ▼ 53.8% |
| Furniture and vehicles24 | €306,285 | €232,029 | €169,320 | €343,235 | €512,661 | ▲ 49.4% |
| Leasing and similar rights25 | €1.5m | €2.0m | €2.7m | €3.0m | €2.4m | ▼ 19.6% |
| Assets under construction and advance payments27 | €127,380 | - | - | - | - | - |
| Financial fixed assets28 | €10,850 | €10,985 | €10,985 | €10,985 | €10,985 | = |
| Current assets29/58 | €631,699 | €527,739 | €987,351 | €858,119 | €248,803 | ▼ 71.0% |
| Amounts receivable within one year40/41 | €522,363 | €414,540 | €861,901 | €701,427 | €111,037 | ▼ 84.2% |
| Trade receivables40 | €158,243 | €99,450 | €87,637 | €100,039 | €80,947 | ▼ 19.1% |
| Other amounts receivable41 | €364,120 | €315,090 | €774,263 | €601,388 | €30,090 | ▼ 95.0% |
| Cash at bank and in hand54/58 | €461 | €1,997 | €756 | €4,608 | €2,687 | ▼ 41.7% |
| Deferred charges and accrued income490/1 | €108,875 | €111,202 | €124,694 | €152,084 | €135,079 | ▼ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.8m | €3.9m | €4.2m | €3.2m | ▼ 24.5% |
| Equity10/15 | €224,986 | €80,376 | €200,702 | €206,792 | €259,774 | ▲ 25.6% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €182,389 | €238,857 | €301,318 | €413,933 | €413,933 | = |
| Non-distributable reserves130/1 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | €6,250 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Tax-exempt reserves132 | €176,139 | €232,607 | €295,068 | €407,683 | €407,683 | = |
| Profit (loss) carried forward14 | -€19,903 | -€220,981 | -€163,115 | -€269,641 | -€216,659 | ▲ 19.6% |
| Amounts payable17/49 | €2.3m | €2.7m | €3.7m | €4.0m | €2.9m | ▼ 27.1% |
| Amounts payable after more than one year17 | €742,704 | €1.2m | €1.5m | €1.6m | €1.1m | ▼ 31.0% |
| Financial debts170/4 | €742,704 | €1.2m | €1.5m | €1.6m | €1.1m | ▼ 31.0% |
| Amounts payable within one year42/48 | €1.6m | €1.5m | €2.2m | €2.4m | €1.8m | ▼ 25.3% |
| Current portion of amounts payable after more than one year42 | €424,067 | €579,432 | €780,070 | €822,593 | €708,590 | ▼ 13.9% |
| Trade debts44 | €918,206 | €456,834 | €636,468 | €533,438 | €437,334 | ▼ 18.0% |
| Suppliers440/4 | €918,206 | €456,834 | €636,468 | €533,438 | €437,334 | ▼ 18.0% |
| Taxes, remuneration and social security45 | €263,772 | €446,567 | €617,451 | €755,734 | €364,842 | ▼ 51.7% |
| Taxes450/3 | €34,422 | €108,413 | €137,235 | €171,799 | €113,383 | ▼ 34.0% |
| Remuneration and social security454/9 | €229,351 | €338,154 | €480,216 | €583,934 | €251,459 | ▼ 56.9% |
| Other amounts payable47/48 | - | €35,928 | €150,190 | €249,640 | €253,486 | ▲ 1.5% |
| Accrued charges and deferred income492/3 | - | - | €17,147 | €0 | €22,135 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€82,982 | -€144,610 | €120,327 | €6,090 | €302,981 | ▲ 4,875% |
| + Depreciation and write-downs630 | €464,670 | €509,930 | €568,244 | €743,599 | €578,681 | ▼ 22.2% |
| Operating cash flow (approximation) | €381,688 | €365,319 | €688,570 | €749,689 | €881,662 | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | -€830,515 | -€1.2m | -€1.2m | -€158,133 | ▲ 86.8% |
| Change in cash | - | €1,536 | -€1,240 | €3,852 | -€1,921 | ▼ 150% |
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
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €302,981 ▲4,875%
Operating result €393,706, net result €302,981, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €120,327
Net result €120,327 after 2 loss-making years.
31-12
Financial
Equity above €200,000Eq €200,702 ▲150%
Equity rises from €80,376 to €200,702.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€144,610
Net result drops to -€144,610, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Roeselare · 1 establishment unit since 1992
Ground area
6.3 ha
Building footprint
1.5 ha
Volume, LiDAR
144,917 m³
Parcel 36502E0002/00K000, Flanders · tallest building 59.8 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
STERCUS NV
since 19922.055.786.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502E0002/00K000 | Flanders | 6.3 ha | 1 · 1.5 ha | 59.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersChain of control
- LOWI
- Sterckx - Vandekerckhove
- STERCUS
Highest known parent: LOWI. The sources do not say who stands above it.
Owners 2
- Sterckx - Vandekerckhoveparent99.84%
- Sourceown accounts 30-09-20250.16%
Holdings 0
The accounts to 30-09-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-09-2025 of STERCUS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 18,900 EUR awarded · 18,888 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,524 EUR | 1,512 EUR |
| 2023 | 2 | 16,431 EUR | 16,431 EUR |
| 2022 | 1 | 945 EUR | 945 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRoeselare2.055.786.029
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Identification & contact
Identification
Legal formPublic limited company
Founded18-12-1991
Fiscal year end30-09
Activities, NACEBEL 2025
20150Manufacture of chemicals and chemical products
49410Freight transport by road
46216Wholesale of agricultural produce and animal feed, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445949184
Also
9925:BE0445949184
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.