STETO
ActiveSummary
STETO has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,633 and a net result of -€31,972. Equity has been growing by about 23% per year since 2019. Its solvency ranks better than 29% of 11,760 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 19-09-2008 Normal situation
- Activity
- Activities of building architects NACE 71111and 2 others
- Establishment unit
- 2.173.098.126 3980 Tessenderlo-Ham, since 19-09-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 10-12-2025
Board and ownership
- Marie HulsDirector · since 07-03-2024
- Verjans LudwigDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €410,917
- ▼ 13.3%
- Turnover
- ≈ €1.1m
- estimated
- Loss
- €31,972
- Equity
- €164,633
- ▼ 16.3%
- Total assets
- €555,934
- ▼ 1.9%
- Employees on 30-06-2025
- 6
- =
Score breakdownraises riskLoss of €31,972 (financial year 2025)lowers riskSize: total assets €555,934Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 1.48, cash €143,642Show 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 71, micro). It does better than 30% of them on solvency, 56% on liquidity, 15% on profitability and 23% 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 16 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 16 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €26,255, after a profit of €30,607 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.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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, return on assets (ROA) and staff (FTE).
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 11 | 6 | 6 |
| full-time | 10 | 10 | 6 | 6 |
| part-time | 1 | 1 | 0 | 0 |
| in full-time equivalents | 10.9 | 10.9 | 6 | 6 |
| Average over the year, in full-time equivalents | 10.2 | 9.2 | 6.6 | 6 |
| On a permanent contract | 9 | 9 | 5 | 5 |
| Joined | 4 | 4 | 1 | - |
| Left | 5 | 5 | 3 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | - | - | - |
| Mortgage mandates | €301,000 | - | - | - |
| Carrying value of the mortgaged assets | €267,067 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €3,860 | €16,018 | €43,835 |
| Financial fixed assets | €0 | - | - | - |
| Depreciation and write-downs of the year | €58,523 | €54,748 | €45,989 | €38,427 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €5,348 awarded · €5,183 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,718 | €1,553 |
| 2024 | 1 | €2,088 | €2,088 |
| 2023 | 1 | €153 | €153 |
| 2022 | 1 | €1,389 | €1,389 |
Comparable companies
These companies have the same main activity as STETO: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €413,000 and €749,000, founded between 2005 and 2009.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| STETO Tessenderlo-Ham | 2008 | €555,934 | €164,633 | €410,917 | -€31,972 | - | 2025 |
| Geldhof - Decoene, architecten Koksijde | 2007 | €539,837 | €331,084 | €453,500 | €219,484 | - | 2026 |
| FAIDHERBE & PARTNERS ARCHITECTES Elsene | 2009 | €571,159 | €173,473 | €459,432 | €78,788 | 6.8 | 2025 |
| ARCHITECTENBUREAU KRISTIAAN PRINGELS Lokeren | 2007 | €616,831 | €509,582 | €448,141 | €284,486 | - | 2025 |
| Ir. Arch. Tom Hernalsteen architectenvennootschap Tongeren-Borgloon | 2006 | €749,416 | €546,329 | €425,216 | €149,224 | - | 2025 |
| DUBIMAX ENGINEERING Halen | 2007 | €439,582 | €25,000 | €285,192 | -€7,106 | 3.5 | 2025 |
| In-Lijn Tongeren-Borgloon | 2005 | €413,280 | €176,352 | €311,350 | -€30,319 | 6.2 | 2025 |
They were chosen from the 6,489 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,166 companies had the same profile as STETO has now. Two years later, 2.5% had gone bankrupt and 94.2% were still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of STETO itself is lower: 0.1% within 12 months. It rests on far more data about STETO than the profile alone.
Test of the method
The method was tested on the 497,445 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 2,166 companies, not a prediction for STETO. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €1.1m | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €0.003m | €0.005m | €0.01m | ▲ 162% |
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.06m | €0.06m | €0.06m | €0.05m | €0.05m | €0.04m | ▼ 16.4% |
| Other operating charges640/8 | - | - | - | €0.009m | €0.008m | €0.006m | €0.01m | ▲ 78.9% |
| Non-recurring operating charges66A | - | - | - | €498 | €0 | - | - | - |
| Gross operating margin9900 | €0.5m | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 13.3% |
| Operating profit (loss)9901 | €0.04m | €0.05m | €0.03m | €0.06m | €0.08m | €0.03m | -€0.03m | - |
| Financial income75/76B | - | - | - | €75 | €0.003m | €0.002m | €0.002m | ▲ 1.2% |
| Recurring financial income75 | €22 | €10 | €54 | €75 | €0.003m | €0.002m | €0.002m | ▲ 1.2% |
| Financial charges65/66B | - | - | - | €0.007m | €0.006m | €0.006m | €0.007m | ▲ 22.9% |
| Recurring financial charges65 | €0.006m | €0.005m | €0.009m | €0.007m | €0.006m | €0.006m | €0.007m | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.04m | €0.02m | €0.06m | €0.08m | €0.03m | -€0.03m | - |
| Income taxes67/77 | €0.01m | €0.02m | €0.01m | €0.03m | €0.03m | €0.01m | €0.001m | ▼ 91.9% |
| Profit (loss) for the period9904 | €0.02m | €0.03m | €0.004m | €0.03m | €0.05m | €0.01m | -€0.03m | - |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.03m | €0.004m | €0.03m | €0.05m | €0.01m | -€0.03m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €454,445 | €592,951 | €679,890 | €654,683 | €661,239 | €566,705 | €555,934 | ▼ 1.9% |
| Fixed assets21/28 | €255,318 | €267,209 | €429,887 | €365,392 | €314,504 | €284,533 | €289,941 | ▲ 1.9% |
| Tangible fixed assets22/27 | €255,318 | €267,209 | €425,067 | €360,572 | €309,684 | €279,713 | €285,121 | ▲ 1.9% |
| Land and buildings22 | - | - | - | €267,067 | €251,267 | €235,467 | €219,667 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | - | - | €5,142 | €3,554 | €2,493 | €1,869 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €63,568 | €34,789 | €26,400 | €52,673 | ▲ 99.5% |
| Other tangible fixed assets26 | - | - | - | €24,795 | €20,074 | €15,354 | €10,912 | ▼ 28.9% |
| Financial fixed assets28 | - | - | €4,820 | €4,820 | €4,820 | €4,820 | €4,820 | = |
| Current assets29/58 | €199,127 | €325,741 | €250,003 | €289,291 | €346,735 | €282,172 | €265,993 | ▼ 5.7% |
| Amounts receivable within one year40/41 | €170,477 | €247,906 | €194,516 | €140,255 | €135,834 | €142,896 | €103,829 | ▼ 27.3% |
| Trade receivables40 | - | - | - | €140,255 | €129,708 | €131,701 | €103,645 | ▼ 21.3% |
| Other amounts receivable41 | - | - | - | - | €6,126 | €11,194 | €184 | ▼ 98.4% |
| Current investments50/53 | €8,000 | €33,000 | €20,000 | - | €80,017 | €0 | - | - |
| Cash at bank and in hand54/58 | €12,955 | €31,787 | €24,396 | €126,386 | €108,610 | €117,246 | €143,642 | ▲ 22.5% |
| Deferred charges and accrued income490/1 | - | - | - | €22,650 | €22,273 | €22,030 | €18,521 | ▼ 15.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €454,445 | €592,951 | €679,890 | €654,683 | €661,239 | €566,705 | €555,934 | ▼ 1.9% |
| Equity10/15 | €62,092 | €89,841 | €94,275 | €130,124 | €182,658 | €196,604 | €164,633 | ▼ 16.3% |
| Contributions10/11 | €6,200 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €6,211 | €6,211 | €6,211 | €117,724 | €170,258 | €184,204 | €152,233 | ▼ 17.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €115,864 | €170,258 | €184,204 | €152,233 | ▼ 17.4% |
| Profit (loss) carried forward14 | €49,681 | €77,430 | €81,864 | €0 | - | - | - | - |
| Amounts payable17/49 | €392,352 | €503,110 | €585,615 | €524,559 | €478,581 | €370,100 | €391,301 | ▲ 5.7% |
| Amounts payable after more than one year17 | €176,866 | €187,396 | €326,103 | €275,746 | €236,781 | €211,052 | €211,038 | = |
| Financial debts170/4 | - | - | - | €275,746 | €236,781 | €211,052 | €211,038 | = |
| Amounts payable within one year42/48 | €213,027 | €302,406 | €259,164 | €248,813 | €240,911 | €158,143 | €179,341 | ▲ 13.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €68,749 | €38,964 | €44,387 | €59,619 | ▲ 34.3% |
| Trade debts44 | €70,748 | €70,948 | €51,809 | €61,512 | €55,387 | €35,141 | €23,029 | ▼ 34.5% |
| Suppliers440/4 | - | - | - | €61,512 | €55,387 | €35,141 | €23,029 | ▼ 34.5% |
| Taxes, remuneration and social security45 | - | - | - | €115,770 | €143,788 | €77,810 | €95,462 | ▲ 22.7% |
| Taxes450/3 | - | - | - | €27,240 | €72,795 | €25,792 | €22,093 | ▼ 14.3% |
| Remuneration and social security454/9 | - | - | - | €88,531 | €70,993 | €52,019 | €73,370 | ▲ 41.0% |
| Other amounts payable47/48 | - | - | - | €2,782 | €2,771 | €805 | €1,230 | ▲ 52.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €889 | €905 | €922 | ▲ 1.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,755 | €27,748 | €4,434 | €29,649 | €52,534 | €13,946 | -€31,972 | - |
| + Depreciation and write-downs630 | €43,009 | €55,047 | €62,005 | €58,523 | €54,748 | €45,989 | €38,427 | ▼ 16.4% |
| Operating cash flow (approximation) | €62,764 | €82,796 | €66,439 | €88,172 | €107,282 | €59,935 | €6,455 | ▼ 89.2% |
| Investment in fixed assets (approximation) | - | -€66,939 | -€224,683 | €5,973 | -€3,860 | -€16,018 | -€43,835 | ▼ 174% |
| Change in cash | - | €18,833 | -€7,391 | €101,990 | -€17,776 | €8,636 | €26,396 | ▲ 206% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00021244 | |
| 30-06-2024 | micro format | 20-01-2025 | 2025-00008574 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00027200 | |
| 30-06-2022 | micro format | 27-01-2023 | 2023-00011025 | |
| 30-06-2021 | abbreviated format | 21-01-2022 | 2022-01500129 | |
| 30-06-2020 | abbreviated format | 08-12-2020 | 2020-74900547 | |
| 30-06-2019 | micro format | 30-12-2019 | 2019-77800423 | |
| 30-06-2018 | micro format | 24-12-2018 | 2018-75800182 | |
| 30-06-2017 | micro format | 14-12-2017 | 2017-71800391 | |
| 30-06-2016 | abbreviated format | 20-12-2016 | 2016-70700462 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Marie Huls |
|
| Verjans Ludwig |
|
Network & group
STETO shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of STETO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
10-05
Gazette deed
Appointment: Marie Huls (director)6 points ▸
- General meeting, 22-03-2024
- Director appointment, Marie Huls (director)
- Other provision, “aanvaarding mandaat en verklaring geen beletsel benoeming” (deed in Dutch)
- Board composition, Ludwig Verjans (director)
- Board composition, Marie Huls (director)
- Other provision, 10:30, “sluiting vergadering na behandeling agenda” (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
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Licences in the Official Gazette
1 publicationSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71362B0186/00K002 | Flanders | 625 m² | 1 · 164 m² | 7.8 m · 1 |
| 71362B0157/00L000 | Flanders | 361 m² | 1 · 304 m² | 10.0 m · 3 |