Subsidiaries and holdings
- TATINVEST33.33%
STEVAN INVEST
ActiveSummary
STEVAN INVEST has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of -€178,662. Equity has been shrinking by about 5.7% per year since 2019. Its solvency ranks better than 38% of 256 sector peers (NACE 38, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 26-11-1992 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Waste collection, recovery and disposal activities NACE 38320
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 30-09-2025
- Establishment unit
- 2.059.944.854 8860 Lendelede, since 17-12-1992
- Financial year end
- 30 September
- Peppol
- Reachable since 23-09-2025
Board and ownership
Board
- GEMADDirector · permanent representative Paul Vandeputte
Shareholders
- GEMAD0.79%30-09-2025 annual accounts of GEMAD
- Holdings
- Shares in 3 companies including STEENBEKE and L.W.Z.
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 30-09-2025
- Gross margin
- €80,969
- Turnover
- ≈ €220,000
- estimated
- Loss
- €178,662
- ▼ 12.6%
- Equity
- €1.5m
- ▼ 10.7%
- Total assets
- €5.5m
- ▲ 1.7%
- Employees on 30-09-2025
- 2
- =
Filed on 24-04-2026, 6 days before the deadline
Score breakdownraises riskLiquidity: current ratio 0.09, cash €149,301Sector: Waste collection, recovery and disposal activities (NACE 38)lowers riskSize: 2 FTE, total assets €5.5mFounded in 1992Show the evidence
Checked score
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 24% of micro companies in waste collection and treatment (NACE 38)
Financial strength · tick: 2024
Weak
Solvency
52-4
equity 26.9% of total assets
Liquidity
14+1
short-term debt 72.9% · cash 2.7%
Profitability
15+1
return on assets -3.2%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%▲ +0.2 percentage points vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.2%▼ -0.3 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.09 (0.06 in 2024), below 1. Short-term debt is 72.9% and cash 2.7% of total assets. 73.1% of the assets are financed with debt and provisions.
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 38, micro). It does better than 40% of them on solvency, 11% on liquidity, 19% on profitability and 25% 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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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€178,662
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 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 days early
2024
1 day early
2023
1 day early
2022
6 days early
2021
50 days early
2020
10 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 38), the median for financial year 2024 was 8 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 24 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
Key points
- Risk: 4 loss-making years in a rowloss in financial year 2025 -€178,662 View
- Caution: Lower net result than 88% of companies in waste collection and treatmentsector median €34,586 · 257 companies -€178,662 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Recent changes
- · Gazette deed Resignations: GEMAD (director) and Griet Robyn (director)Reappointment: GEMAD (director) · Permanent representative: Paul Vandeputte
- · Gazette deed Incorporation
Companies linked to STEVAN INVEST
Comparable companies
These companies have the same main activity as STEVAN INVEST: waste collection, recovery and disposal activities (NACE 38320). They are comparable in size and age: total assets between €2.4m and €21m, founded between 1992 and 2007.
| Company | Total assets | Gross margin |
|---|---|---|
| STEVAN INVEST Lendelede | €5.5m | €0.08m |
| COBEFI Thuin | €6.0m | €0.4m |
| EUROWASTE Antwerpen | €2.4m | €0.7m |
| GRWestkust Diksmuide | €4.5m | €0.7m |
| MRS RECYCLING Tessenderlo-Ham | €5.8m | €0.7m |
| ACHENE RECYCLAGE Ciney | €6.3m | €2.4m |
| O.D.M. Moorslede | €20.8m | - |
Key facts about STEVAN INVEST
- What is the company number of STEVAN INVEST?
- The company number of STEVAN INVEST is 0448.613.815. The VAT number is the same number with BE in front: BE 0448.613.815.
- Where is STEVAN INVEST based?
- The registered office is at Heulsestraat 87, 8860 Lendelede.Company details
- What does STEVAN INVEST do?
- According to the KBO register, the main activity is waste collection, recovery and disposal activities (NACE 38320).
- What is the legal form of STEVAN INVEST?
- The legal form of STEVAN INVEST is Public limited company (NV).
- When was STEVAN INVEST founded?
- STEVAN INVEST was founded on 26-11-1992.
- Is STEVAN INVEST still active?
- Yes, STEVAN INVEST is an active enterprise in the KBO register.
- How many employees does STEVAN INVEST have?
- STEVAN INVEST had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does STEVAN INVEST fall under?
- In its 30-09-2025 annual accounts, STEVAN INVEST states joint committee 124 (Paritair Comité voor het bouwbedrijf).
- What is the turnover of STEVAN INVEST?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €80,969 and 1,290 comparable companies of the same size. It probably lies between €140,000 and €430,000. It is a rough estimate.
- Is STEVAN INVEST profitable?
- In financial year 2025, STEVAN INVEST made a loss of €178,662.
- Where can I find the annual accounts of STEVAN INVEST?
- STEVAN INVEST filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STEVAN INVEST due?
- STEVAN INVEST must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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