STEVAGO
ActiveSummary
STEVAGO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,550 and a net result of €33,641. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 12% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+74
Solvency29▼-71
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 14.69 in 2024; short-term debt: 93% and cash: 56.4% of total assets), and 96.4% 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+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 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 · 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
3.6%
Return on assets
6.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 31958 sector peers (2025).
NBB · sector comparisonPosition among 31958 sector peers
Solvency
better than 12%
← weakest
strongest →
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 07-04-2026, 115 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
115 d early
2024
44 d early
2023
28 d early
2022
3 d early
2021
29 d late
2020
28 d early
2019
91 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 14 days before 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 (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 4 July (4 of the last 5 filed years within 56 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 2025, micro schema
Equity
€18,550▼ 95.4%
2024 · €403,763
Total assets
€521,406▲ 20.4%
2024 · €433,130
Net result
€33,641
2024 · -€55,423
Working capital
€34,419▼ 91.4%
2024 · €402,068
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
Line20212022202320242025
Operating result€212,162▲ 65.2%€138,055▼ 34.9%€86,781▼ 37.1%-€62,973€37,205
Net result€158,516above the sector's middle half▲ 71.5%€99,538within the sector's middle half▼ 37.2%€69,277within the sector's middle half▼ 30.4%-€55,423below the sector's middle half€33,641within the sector's middle half
Equity€290,372within the sector's middle half▲ 120%€389,909within the sector's middle half▲ 34.3%€459,186within the sector's middle half▲ 17.8%€403,763above the sector's middle half▼ 12.1%€18,550below the sector's middle half▼ 95.4%
Total assets€770,739within the sector's middle half▲ 89.6%€564,616within the sector's middle half▼ 26.7%€497,895within the sector's middle half▼ 11.8%€433,130within the sector's middle half▼ 13.0%€521,406above the sector's middle half▲ 20.4%
Debt€480,368▲ 74.9%€174,706▼ 63.6%€38,709▼ 77.8%€29,367▼ 24.1%€502,856▲ 1,612%
Working capital€331,439within the sector's middle half▲ 91.1%€393,002within the sector's middle half▲ 18.6%€460,795above the sector's middle half▲ 17.2%€402,068above the sector's middle half▼ 12.7%€34,419within the sector's middle half▼ 91.4%
Solvency37.7%within the sector's middle half▲ 5.2pp69.1%within the sector's middle half▲ 31.4pp92.2%above the sector's middle half▲ 23.2pp93.2%above the sector's middle half▲ 1.0pp3.6%below the sector's middle half▼ 89.7pp
Current ratio1.76within the sector's middle half▲ 0.013.30within the sector's middle half▲ 1.5413.42above the sector's middle half▲ 10.1314.69above the sector's middle half▲ 1.271.07within the sector's middle half▼ 13.62
Return on assets (ROA)20.6%above the sector's middle half▼ 2.2pp17.6%above the sector's middle half▼ 2.9pp13.9%within the sector's middle half▼ 3.7pp-12.8%below the sector's middle half▼ 26.7pp6.5%within the sector's middle half▲ 19.2pp
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €37,205 after a loss of €62,973 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €521,406
Fixed assets
€1,952 ▲ 15.2%
Current assets
€519,453 ▲ 20.4%
Equity and liabilities €521,406
Equity
€18,550 ▼ 95.4%
Debt
€502,856 ▲ 1,612%
Debt's share of the balance-sheet total rises from 6.8% to 96.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37,461▲
2024 · -€62,817
Cash flow
€33,897▲
2024 · -€55,268
Quick ratio
0.62▼
2024 · 12.63
Debt to equity
27.11▲
2024 · 0.07
ROE
181.4%▲
2024 · -13.7%
Interest coverage
10.73▲
2024 · -26.04
Debt ≤ 1 year
€485,034▲
2024 · €29,367
Income taxes
€409▲
2024 · €375
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 875 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,061 | €659 | €374 | €155 | €256 | ▲ 64.7% |
| Other operating charges640/8 | €1,522 | €1,872 | €1,231 | €1,216 | €1,244 | ▲ 2.3% |
| Gross operating margin9900 | €214,745 | €140,586 | €88,386 | -€61,601 | €38,705 | ▲ 163% |
| Operating profit (loss)9901 | €212,162 | €138,055 | €86,781 | -€62,973 | €37,205 | ▲ 159% |
| Financial income75/76B | €0 | €96 | €3,564 | €10,336 | €335 | ▼ 96.8% |
| Recurring financial income75 | €0 | €96 | €3,564 | €10,336 | €335 | ▼ 96.8% |
| Financial charges65/66B | €6,375 | €11,263 | €3,025 | €2,412 | €3,491 | ▲ 44.7% |
| Recurring financial charges65 | €6,375 | €11,263 | €3,025 | €2,412 | €3,491 | ▲ 44.7% |
| Profit (loss) for the period before taxes9903 | €205,787 | €126,889 | €87,319 | -€55,048 | €34,050 | ▲ 162% |
| Income taxes67/77 | €47,272 | €27,351 | €18,043 | €375 | €409 | ▲ 9.2% |
| Profit (loss) for the period9904 | €158,516 | €99,538 | €69,277 | -€55,423 | €33,641 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €158,516 | €99,538 | €69,277 | -€55,423 | €33,641 | ▲ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €770,739 | €564,616 | €497,895 | €433,130 | €521,406 | ▲ 20.4% |
| Fixed assets21/28 | €1,033 | €374 | €0 | €1,695 | €1,952 | ▲ 15.2% |
| Tangible fixed assets22/27 | €1,033 | €374 | €0 | €1,695 | €1,952 | ▲ 15.2% |
| Plant, machinery and equipment23 | €1,033 | €374 | €0 | - | €443 | - |
| Other tangible fixed assets26 | - | - | - | €1,695 | €1,510 | ▼ 10.9% |
| Current assets29/58 | €769,707 | €564,242 | €497,895 | €431,435 | €519,453 | ▲ 20.4% |
| Stocks and contracts in progress3 | €460,393 | €147,149 | €16,455 | €60,605 | €216,679 | ▲ 258% |
| Stocks30/36 | €0 | - | - | €8,598 | €0 | ▼ 100% |
| Contracts in progress37 | €460,393 | €147,149 | €16,455 | €52,007 | €216,679 | ▲ 317% |
| Amounts receivable within one year40/41 | €13,279 | €85,970 | €38,545 | €18,755 | €4,769 | ▼ 74.6% |
| Trade receivables40 | €3,959 | €52,916 | €2,490 | €0 | €1,231 | - |
| Other amounts receivable41 | €9,320 | €33,055 | €36,055 | €18,755 | €3,538 | ▼ 81.1% |
| Current investments50/53 | - | - | €360,000 | €100,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €293,969 | €330,510 | €79,521 | €249,504 | €294,258 | ▲ 17.9% |
| Deferred charges and accrued income490/1 | €2,067 | €613 | €3,374 | €2,572 | €3,747 | ▲ 45.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €770,739 | €564,616 | €497,895 | €433,130 | €521,406 | ▲ 20.4% |
| Equity10/15 | €290,372 | €389,909 | €459,186 | €403,763 | €18,550 | ▼ 95.4% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €271,822 | €371,359 | €440,636 | €440,636 | €0 | ▼ 100% |
| Distributable reserves133 | €271,822 | €371,359 | €440,636 | €440,636 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | -€55,423 | €0 | ▲ 100% |
| Amounts payable17/49 | €480,368 | €174,706 | €38,709 | €29,367 | €502,856 | ▲ 1,612% |
| Amounts payable after more than one year17 | €40,000 | €0 | - | - | - | - |
| Financial debts170/4 | €40,000 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €438,268 | €171,240 | €37,100 | €29,367 | €485,034 | ▲ 1,552% |
| Current portion of amounts payable after more than one year42 | €166,784 | €0 | - | - | - | - |
| Trade debts44 | €423 | €46,048 | €13,646 | €2,277 | €5,788 | ▲ 154% |
| Suppliers440/4 | €423 | €46,048 | €13,646 | €2,277 | €5,788 | ▲ 154% |
| Advances received on contracts in progress46 | €46,970 | €18,427 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €61,318 | €17,039 | €4,222 | €0 | €12,736 | - |
| Taxes450/3 | €61,318 | €17,039 | €4,222 | €0 | €12,736 | - |
| Other amounts payable47/48 | €162,773 | €89,725 | €19,232 | €27,090 | €466,511 | ▲ 1,622% |
| Accrued charges and deferred income492/3 | €2,100 | €3,467 | €1,609 | €0 | €17,821 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €158,516 | €99,538 | €69,277 | -€55,423 | €33,641 | ▲ 161% |
| + Depreciation and write-downs630 | €1,061 | €659 | €374 | €155 | €256 | ▲ 64.7% |
| Operating cash flow (approximation) | €159,576 | €100,196 | €69,650 | -€55,268 | €33,897 | ▲ 161% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,850 | -€514 | ▲ 72.2% |
| Change in cash | - | €36,541 | -€250,988 | €169,982 | €44,754 | ▼ 73.7% |
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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €33,641
Net result €33,641 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€55,423
Net result drops to -€55,423, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 13.42
Current ratio from 3.30 to 13.42; short-term debt falls from €171,240 to €37,100.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €158,516 ▲71.5%
Operating result €212,162, net result €158,516, both a record.
31-12
Financial
Equity above €200,000Eq €290,372 ▲120%
4 profitable years in a row build equity to €290,372.
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100,000Eq €131,856 ▲234%
3 profitable years in a row build equity to €131,856.
Show earlier events
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
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, Boutersem · 1 establishment unit since 2017
Ground area
1,373 m²
Building footprint
221 m²
Volume, LiDAR
1,478 m³
Parcel 24016C0092/00G000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STEVAGO
since 20172.265.042.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24016C0092/00G000 | Flanders | 1,373 m² | 1 · 221 m² | 11.0 m · 2 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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 29,801 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
Founded03-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673778430
Also
9925:BE0673778430
Registered
12-02-2025
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.