STEVEN VANCOLEN ADVOCAAT
ActiveSummary
STEVEN VANCOLEN ADVOCAAT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €108k and a net result of €-10k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability10▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 2.44 against 2.37 in 2023; short-term debt: 24.3% and cash: 58.4% of total assets), and 24.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.6%
Return on assets
-6.7%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-10k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-01-2026, 168 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
168 d late
2023
68 d late
2022
30 d late
2021
25 d early
2020
26 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€108k▼ 8.1%
2023 · €118k
2018: €69k
2019: €70k
2020: €82k
2021: €108k
2022: €127k
2023: €118k
2018 → 2024
Total assets
€143k▼ 9.2%
2023 · €158k
2018: €172k
2019: €161k
2020: €153k
2021: €212k
2022: €179k
2023: €158k
2018 → 2024
Net result
€-10k▼ 10.9%
2023 · €-9k
2018: €14k
2019: €17k
2020: €12k
2021: €26k
2022: €34k
2023: €-9k
2018 → 2024
Working capital
€50k▼ 8.1%
2023 · €55k
2018: €46k
2019: €45k
2020: €57k
2021: €55k
2022: €67k
2023: €55k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€82k-€108k▲ 31.9%€127k▲ 17.4%€118k▼ 6.8%€108k▼ 8.1%
Operating result€19k-€40k▲ 108%€54k▲ 36.5%€-8k€-10k▼ 14.8%
Net result€12k-€26k▲ 122%€34k▲ 29.3%€-9k€-10k▼ 10.9%
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 stays negative: a loss of €10k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143k
Fixed assets
€58k ▼ 8.1%
Current assets
€85k ▼ 10.0%
Equity and liabilities €143k
Equity
€108k ▼ 8.1%
Debt
€35k ▼ 12.5%
Debt's share of the balance-sheet total falls from 25.3% to 24.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2023 · €-3k
Cash flow
€-4k▼
2023 · €-3k
Current ratio
2.44▲
2023 · 2.37
Debt to equity
0.32▼
2023 · 0.34
ROE
-8.9%▼
2023 · -7.4%
ROA
-6.7%▼
2023 · -5.5%
Interest coverage
-11.07▼
2023 · -5.90
Debt ≤ 1 year
€35k▼
2023 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€158k€143k▼
Fixed assets21/28€64k€58k▼
Tangible fixed assets22/27€55k€50k▼
Land and buildings22€55k€50k▼
Plant, machinery and equipment23€197€0▼
Financial fixed assets28€9k€9k=
Current assets29/58€94k€85k▼
Amounts receivable within one year40/41€1k€953▼
Trade receivables40€580€0▼
Other amounts receivable41€838€953▲
Cash at bank and in hand54/58€93k€84k▼
Deferred charges and accrued income490/1€50€160▲
Equity and liabilities
Total equity and liabilities10/49€158k€143k▼
Equity10/15€118k€108k▼
Contributions10/11€12k€12k=
Reserves13€113k€113k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€111k€111k=
Profit (loss) carried forward14€-7k€-17k▼
Amounts payable17/49€40k€35k▼
Amounts payable within one year42/48€40k€35k▼
Current portion of amounts payable after more than one year42€9k€0▼
Trade debts44€6k€9k▲
Suppliers440/4€6k€9k▲
Taxes, remuneration and social security45€6k€21▼
Taxes450/3€6k€21▼
Other amounts payable47/48€19k€26k▲
Accrued charges and deferred income492/3€82€118▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€499€513▲
Gross operating margin9900€-3k€-4k▼
Operating profit (loss)9901€-8k€-10k▼
Financial income75/76B€165€325▲
Recurring financial income75€165€325▲
Financial charges65/66B€526€397▼
Recurring financial charges65€526€397▼
Profit (loss) for the period before taxes9903€-9k€-10k▼
Profit (loss) for the period9904€-9k€-10k▼
Profit (loss) for the period to be appropriated9905€-9k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-17k▼
Profit (loss) brought forward from the previous period14P€1k€-7k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
15-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 168 days late
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €34k ▲29.3%
Operating result €54k, net result €34k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €108k ▲31.9%
4 profitable years in a row build equity to €108k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Voorzienigheidsstraat(Kor) 48500 KortrijkGround area
570 m²
Building footprint
419 m²
Volume, LiDAR
5,587 m³
2 parcels, Flanders · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
STEVEN VANCOLEN ADVOCAAT
since 20112.204.442.982
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022G0190/00P005 | Flanders | 380 m² | 1 · 304 m² | 20.1 m · 5 fl. |
| 34354C0233/00P014 | Flanders | 190 m² | 1 · 115 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LEGALIS ADVOCATEN
BE 0865.150.126
Tessenderlo-Ham · Eq €108,450
Lode Dekimpe Advocatenkantoor
BE 0786.199.747
Kluisbergen · Eq €108,436
Le PDJ
BE 0792.830.587
Hasselt · Eq €108,484
Peach Legal Consulting
BE 0794.330.030
Antwerpen · Eq €108,487
Studio Mozes
BE 0749.538.103
Ganshoren · Eq €108,392
Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 7,554 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-11-2011
Fiscal year end31-12
Abbreviation NL
STEVEN VANCOLEN
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.