STESO
ActiveSummary
STESO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €439,083 and a net result of €58,777. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 4.69 against 3.75 in 2023; short-term debt: 14.3% and cash: 52% of total assets), and 15% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2024Solvency, return and age of the figures
Solvency
85%
Return on assets
11.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
7 d early
2022
31 d early
2021
30 d late
2020
8 d early
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€439,083▲ 4.6%
2023 · €419,906
Total assets
€516,266▲ 3.1%
2023 · €500,757
Net result
€58,777▲ 14.8%
2023 · €51,177
Working capital
€272,306▲ 28.0%
2023 · €212,785
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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€52,482▲ 10.9%€171,554▲ 227%€112,220▼ 34.6%€75,473▼ 32.7%€75,509=
Net result€40,254within the sector's middle half▲ 18.8%€125,143within the sector's middle half▲ 211%€77,694within the sector's middle half▼ 37.9%€51,177within the sector's middle half▼ 34.1%€58,777within the sector's middle half▲ 14.8%
Equity€397,092within the sector's middle half▲ 11.3%€380,935within the sector's middle half▼ 4.1%€412,729within the sector's middle half▲ 8.3%€419,906within the sector's middle half▲ 1.7%€439,083within the sector's middle half▲ 4.6%
Total assets€518,535within the sector's middle half▼ 2.5%€539,428within the sector's middle half▲ 4.0%€524,451within the sector's middle half▼ 2.8%€500,757within the sector's middle half▼ 4.5%€516,266within the sector's middle half▲ 3.1%
Debt€121,443▼ 30.5%€158,493▲ 30.5%€111,722▼ 29.5%€80,850▼ 27.6%€77,183▼ 4.5%
Working capital€89,436▲ 104%€187,894▲ 110%€182,600▼ 2.8%€212,785▲ 16.5%€272,306▲ 28.0%
Solvency76.6%above the sector's middle half▲ 9.5pp70.6%within the sector's middle half▼ 6.0pp78.7%above the sector's middle half▲ 8.1pp83.9%above the sector's middle half▲ 5.2pp85.0%above the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 0% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €516,266
Fixed assets
€170,079 ▼ 19.2%
Current assets
€346,186 ▲ 19.3%
Equity and liabilities €516,266
Equity
€439,083 ▲ 4.6%
Debt
€77,183 ▼ 4.5%
Debt's share of the balance-sheet total falls from 16.1% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€121,220▲
2023 · €118,852
Cash flow
€104,488▲
2023 · €94,557
Current ratio
4.69▲
2023 · 3.75
Debt to equity
0.18▼
2023 · 0.19
ROE
13.4%▲
2023 · 12.2%
ROA
11.4%▲
2023 · 10.2%
Interest coverage
45.92▲
2023 · 44.33
Debt ≤ 1 year
€73,881▼
2023 · €77,377
Debt > 1 year
€1,260=
2023 · €1,260
Income taxes
€17,620▼
2023 · €24,451
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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 | - | €117,000 | €27,811 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,191 | €33,683 | €34,376 | €43,379 | €45,711 | ▲ 5.4% |
| Other operating charges640/8 | - | €6,977 | €5,584 | €5,961 | €4,930 | ▼ 17.3% |
| Gross operating margin9900 | €98,902 | €212,214 | €152,180 | €124,813 | €126,150 | ▲ 1.1% |
| Operating profit (loss)9901 | €52,482 | €171,554 | €112,220 | €75,473 | €75,509 | = |
| Financial income75/76B | - | €2,964 | €3,663 | €2,836 | €3,527 | ▲ 24.4% |
| Recurring financial income75 | €3,326 | €2,964 | €3,663 | €2,836 | €3,527 | ▲ 24.4% |
| Financial charges65/66B | - | €2,966 | €1,709 | €2,681 | €2,640 | ▼ 1.5% |
| Recurring financial charges65 | €2,642 | €2,966 | €1,709 | €2,681 | €2,640 | ▼ 1.5% |
| Profit (loss) for the period before taxes9903 | €53,166 | €171,553 | €114,175 | €75,628 | €76,397 | ▲ 1.0% |
| Income taxes67/77 | €12,912 | €46,410 | €36,481 | €24,451 | €17,620 | ▼ 27.9% |
| Profit (loss) for the period9904 | €40,254 | €125,143 | €77,694 | €51,177 | €58,777 | ▲ 14.8% |
| Profit (loss) for the period to be appropriated9905 | €40,254 | €125,143 | €77,694 | €51,177 | €58,777 | ▲ 14.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €518,535 | €539,428 | €524,451 | €500,757 | €516,266 | ▲ 3.1% |
| Fixed assets21/28 | €383,091 | €195,455 | €233,585 | €210,594 | €170,079 | ▼ 19.2% |
| Tangible fixed assets22/27 | €383,091 | €195,455 | €233,585 | €210,594 | €170,079 | ▼ 19.2% |
| Land and buildings22 | - | €191,341 | €165,947 | €157,670 | €130,174 | ▼ 17.4% |
| Plant, machinery and equipment23 | - | €4,114 | €2,357 | €1,521 | €2,379 | ▲ 56.4% |
| Furniture and vehicles24 | - | - | €65,281 | €51,403 | €37,526 | ▼ 27.0% |
| Current assets29/58 | €135,444 | €343,973 | €290,866 | €290,162 | €346,186 | ▲ 19.3% |
| Amounts receivable within one year40/41 | €109,805 | €18,330 | €21,054 | €77,528 | €77,476 | ▼ 0.1% |
| Trade receivables40 | - | €18,330 | €21,054 | €77,528 | €74,651 | ▼ 3.7% |
| Other amounts receivable41 | - | - | - | - | €2,825 | - |
| Cash at bank and in hand54/58 | €25,639 | €325,643 | €269,812 | €212,634 | €268,711 | ▲ 26.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €518,535 | €539,428 | €524,451 | €500,757 | €516,266 | ▲ 3.1% |
| Equity10/15 | €397,092 | €380,935 | €412,729 | €419,906 | €439,083 | ▲ 4.6% |
| Contributions10/11 | - | €22,000 | €22,000 | €22,000 | €22,000 | = |
| Reserves13 | €370,950 | €354,750 | €386,500 | €393,650 | €412,800 | ▲ 4.9% |
| Distributable reserves133 | - | €354,750 | €386,500 | €393,650 | €412,800 | ▲ 4.9% |
| Profit (loss) carried forward14 | €4,142 | €4,185 | €4,229 | €4,256 | €4,283 | ▲ 0.6% |
| Amounts payable17/49 | €121,443 | €158,493 | €111,722 | €80,850 | €77,183 | ▼ 4.5% |
| Amounts payable after more than one year17 | €75,185 | €2,260 | €2,260 | €1,260 | €1,260 | = |
| Other amounts payable178/9 | - | €2,260 | €2,260 | €1,260 | €1,260 | = |
| Amounts payable within one year42/48 | €46,008 | €156,079 | €108,267 | €77,377 | €73,881 | ▼ 4.5% |
| Trade debts44 | €7,906 | €5,775 | €29,788 | €19,154 | - | - |
| Suppliers440/4 | - | €5,775 | €29,788 | €19,154 | - | - |
| Taxes, remuneration and social security45 | - | €40,683 | €21,610 | €11,895 | €8,101 | ▼ 31.9% |
| Taxes450/3 | - | €37,829 | €18,736 | €8,959 | €5,121 | ▼ 42.8% |
| Remuneration and social security454/9 | - | €2,853 | €2,874 | €2,935 | €2,981 | ▲ 1.6% |
| Other amounts payable47/48 | - | €109,622 | €56,869 | €46,328 | €65,779 | ▲ 42.0% |
| Accrued charges and deferred income492/3 | - | €154 | €1,195 | €2,213 | €2,042 | ▼ 7.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,254 | €125,143 | €77,694 | €51,177 | €58,777 | ▲ 14.8% |
| + Depreciation and write-downs630 | €39,191 | €33,683 | €34,376 | €43,379 | €45,711 | ▲ 5.4% |
| Operating cash flow (approximation) | €79,445 | €158,826 | €112,070 | €94,557 | €104,488 | ▲ 10.5% |
| Investment in fixed assets (approximation) | - | €153,953 | -€72,505 | -€20,389 | -€5,196 | ▲ 74.5% |
| Change in cash | - | €300,004 | -€55,831 | -€57,178 | €56,077 | ▲ 198% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €125,143 ▲211%
Operating result €171,554, net result €125,143, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet €33,884 ▼14.6%
Net result drops to €33,884, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Heusden-Zolder · 1 establishment unit since 2000
Ground area
2,180 m²
Building footprint
467 m²
Volume, LiDAR
2,929 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STESO
since 20002.101.094.630
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0930/00L000 | Flanders | 1,231 m² | 1 · 171 m² | 8.9 m · 2 fl. |
| 71065F1108/00D000 | Flanders | 948 m² | 1 · 297 m² | 8.2 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 35,677 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
Founded17-08-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472591423
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.