STEVIFEM
ActiveSummary
STEVIFEM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243,691 and a net result of €53,722. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 60% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
What they do
Other specialised construction activities
NACE 43990NACE 43999NACE 45250
1 site
How big
€431,816total assets 2025
- Equity
- €243,691
- Profit
- €53,722
Turnover not published (abridged schema)
Who decides
Accounts 40 d early0 of 1 deed read
Why 79- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profile+ Growing equityLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+12
Solvency81▲+16
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 1.59 in 2024; short-term debt: 27.3% and cash: 30% of total assets), and 43.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
56.4%
Return on assets
12.4%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €243,691
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
50 d early
2023
49 d early
2022
54 d early
2021
45 d early
2020
48 d early
2019
45 d early
← 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 47 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 13 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2019net €53,722 ▲247%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €431,816Profit €53,722Solvency 56.4%Liquidity 2.38
Total assets
€431,816▼ 16.9%
2019 - 2025
Net result
€53,722▲ 247%
2019 - 2025
Equity
€243,691▲ 17.7%
2019 - 2025
Solvency
56.4%▲ 16.6pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,816▼ 2.9%€20,190▼ 36.5%€53,710▲ 166%€25,897▼ 51.8%€86,440▲ 234%
Net result€18,970within the sector's middle half▲ 10.8%€12,400within the sector's middle half▼ 34.6%€33,346above the sector's middle half▲ 169%€15,461within the sector's middle half▼ 53.6%€53,722above the sector's middle half▲ 247%
Equity€214,577within the sector's middle half▲ 3.4%€226,977above the sector's middle half▲ 5.8%€208,772above the sector's middle half▼ 8.0%€207,092above the sector's middle half▼ 0.8%€243,691above the sector's middle half▲ 17.7%
Total assets€332,286below the sector's middle half▲ 3.2%€400,807above the sector's middle half▲ 20.6%€391,555above the sector's middle half▼ 2.3%€519,579above the sector's middle half▲ 32.7%€431,816above the sector's middle half▼ 16.9%
Debt€117,709▲ 2.7%€173,830▲ 47.7%€182,782▲ 5.2%€312,487▲ 71.0%€188,125▼ 39.8%
Working capital€168,625within the sector's middle half▼ 5.2%€216,352above the sector's middle half▲ 28.3%€140,009above the sector's middle half▼ 35.3%€132,947above the sector's middle half▼ 5.0%€161,990above the sector's middle half▲ 21.8%
Solvency64.6%above the sector's middle half▲ 0.1pp56.6%within the sector's middle half▼ 7.9pp53.3%within the sector's middle half▼ 3.3pp39.9%within the sector's middle half▼ 13.5pp56.4%within the sector's middle half▲ 16.6pp
Current ratio6.06above the sector's middle half▲ 2.745.36above the sector's middle half▼ 0.702.34within the sector's middle half▼ 3.021.59within the sector's middle half▼ 0.752.38within the sector's middle half▲ 0.79
Return on assets (ROA)5.7%within the sector's middle half▲ 0.4pp3.1%within the sector's middle half▼ 2.6pp8.5%within the sector's middle half▲ 5.4pp3.0%within the sector's middle half▼ 5.5pp12.4%within the sector's middle half▲ 9.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 234% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €431,816
Fixed assets
€152,135 ▼ 5.5%
Current assets
€279,681 ▼ 22.0%
Equity and liabilities €431,816
Equity
€243,691 ▲ 17.7%
Debt
€188,125 ▼ 39.8%
Debt's share of the balance-sheet total falls from 60.1% to 43.6%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€112,064▲
2024 · €54,017
Cash flow
€79,345▲
2024 · €43,581
Quick ratio
1.99▲
2024 · 1.54
Debt to equity
0.77▼
2024 · 1.51
ROE
22.0%▲
2024 · 7.5%
Interest coverage
31.21▲
2024 · 19.58
Debt ≤ 1 year
€117,691▼
2024 · €225,565
Debt > 1 year
€70,433▲
2024 · €61,128
Income taxes
€29,128▲
2024 · €7,679
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 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% | 1.8% |
| 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 31,371 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,132 | €2,613 | €5,826 | €9,921 | ▲ 70.3% |
| Remuneration, social security and pensions62 | - | €483 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,709 | €29,437 | €25,779 | €28,120 | €25,624 | ▼ 8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €38,454 | - |
| Other operating charges640/8 | - | €699 | €109 | €1,152 | €1,117 | ▼ 3.0% |
| Non-recurring operating charges66A | - | - | - | €31,704 | €27,642 | ▼ 12.8% |
| Gross operating margin9900 | €59,785 | €50,809 | €79,598 | €86,873 | €179,278 | ▲ 106% |
| Operating profit (loss)9901 | €31,816 | €20,190 | €53,710 | €25,897 | €86,440 | ▲ 234% |
| Financial charges65/66B | - | €1,298 | €2,644 | €2,758 | €3,591 | ▲ 30.2% |
| Recurring financial charges65 | €1,765 | €1,298 | €2,644 | €2,758 | €3,591 | ▲ 30.2% |
| Profit (loss) for the period before taxes9903 | €30,051 | €18,892 | €51,066 | €23,139 | €82,850 | ▲ 258% |
| Income taxes67/77 | €11,081 | €6,493 | €17,720 | €7,679 | €29,128 | ▲ 279% |
| Profit (loss) for the period9904 | €18,970 | €12,400 | €33,346 | €15,461 | €53,722 | ▲ 247% |
| Profit (loss) for the period to be appropriated9905 | €18,970 | €12,400 | €33,346 | €15,461 | €53,722 | ▲ 247% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €332,286 | €400,807 | €391,555 | €519,579 | €431,816 | ▼ 16.9% |
| Fixed assets21/28 | €130,341 | €134,852 | €147,003 | €161,066 | €152,135 | ▼ 5.5% |
| Tangible fixed assets22/27 | €130,341 | €134,852 | €147,003 | €161,066 | €152,135 | ▼ 5.5% |
| Land and buildings22 | - | €16,524 | €13,291 | €10,057 | €7,499 | ▼ 25.4% |
| Plant, machinery and equipment23 | - | €5,862 | €3,896 | €3,439 | €6,499 | ▲ 89.0% |
| Furniture and vehicles24 | - | €112,465 | €129,816 | €147,570 | €138,137 | ▼ 6.4% |
| Current assets29/58 | €201,945 | €265,955 | €244,552 | €358,512 | €279,681 | ▼ 22.0% |
| Stocks and contracts in progress3 | €49,670 | €59,512 | €10,197 | €11,551 | €45,782 | ▲ 296% |
| Stocks30/36 | - | €59,512 | €10,197 | €11,551 | €45,782 | ▲ 296% |
| Amounts receivable within one year40/41 | €110,337 | €187,400 | €223,270 | €274,543 | €101,421 | ▼ 63.1% |
| Trade receivables40 | - | €134,475 | €173,690 | €243,853 | €98,338 | ▼ 59.7% |
| Other amounts receivable41 | - | €52,925 | €49,580 | €30,690 | €3,083 | ▼ 90.0% |
| Cash at bank and in hand54/58 | €39,212 | €17,200 | €6,941 | €69,396 | €129,380 | ▲ 86.4% |
| Deferred charges and accrued income490/1 | - | €1,843 | €4,144 | €3,021 | €3,098 | ▲ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €332,286 | €400,807 | €391,555 | €519,579 | €431,816 | ▼ 16.9% |
| Equity10/15 | €214,577 | €226,977 | €208,772 | €207,092 | €243,691 | ▲ 17.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €106,644 | €119,043 | €100,839 | €99,158 | €135,757 | ▲ 36.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €117,183 | €98,979 | €97,298 | €133,897 | ▲ 37.6% |
| Profit (loss) carried forward14 | €89,334 | €89,334 | €89,334 | €89,334 | €89,334 | = |
| Amounts payable17/49 | €117,709 | €173,830 | €182,782 | €312,487 | €188,125 | ▼ 39.8% |
| Amounts payable after more than one year17 | €32,062 | €61,194 | €47,199 | €61,128 | €70,433 | ▲ 15.2% |
| Financial debts170/4 | - | €61,194 | €47,199 | €61,128 | €70,433 | ▲ 15.2% |
| Amounts payable within one year42/48 | €33,320 | €49,603 | €104,543 | €225,565 | €117,691 | ▼ 47.8% |
| Current portion of amounts payable after more than one year42 | - | €19,536 | €26,093 | €32,886 | €32,453 | ▼ 1.3% |
| Trade debts44 | €54 | €28,827 | €17,395 | €125,984 | €47,319 | ▼ 62.4% |
| Suppliers440/4 | - | €28,827 | €17,395 | €125,984 | €47,319 | ▼ 62.4% |
| Taxes, remuneration and social security45 | - | €1,240 | €9,505 | - | €19,128 | - |
| Taxes450/3 | - | €1,240 | €7,720 | - | €19,128 | - |
| Remuneration and social security454/9 | - | - | €1,785 | - | - | - |
| Other amounts payable47/48 | - | - | €51,550 | €66,696 | €18,791 | ▼ 71.8% |
| Accrued charges and deferred income492/3 | - | €63,033 | €31,040 | €25,794 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,970 | €12,400 | €33,346 | €15,461 | €53,722 | ▲ 247% |
| + Depreciation and write-downs630 | €21,709 | €29,437 | €25,779 | €28,120 | €25,624 | ▼ 8.9% |
| Operating cash flow (approximation) | €40,678 | €41,837 | €59,124 | €43,581 | €79,345 | ▲ 82.1% |
| Investment in fixed assets (approximation) | - | -€33,949 | -€37,929 | -€42,183 | -€16,692 | ▲ 60.4% |
| Change in cash | - | -€22,012 | -€10,259 | €62,455 | €59,984 | ▼ 4.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
DEPE BUILD
BE 0476.260.595
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Euro Steel Framing +
BE 0630.693.208
Peer · Eq €243,357
F.D.A. CONSTRUCT
BE 0713.567.434
Brussel · Eq €243,183
JUMP-TEX
BE 0837.846.705
Jette · Eq €242,797
ENTREPRISES WRZESINSKI ETIENNE - AXA-THERM - ARTE-BOIS
BE 0446.161.891
Elsene · Eq €244,845
Of 15,518 companies in this sector we hold annual accounts for 7,427. 5,647 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
12 eventsLatest 22-12-2025Next filing 31-01-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €53,722 ▲247%
Operating result €86,440, net result €53,722, both a record.
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet €12,400 ▼34.6%
Net result drops to €12,400, the lowest in the series; recovery starts the following year.
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 funding sourceFlanders €366
Flemish government
€366
awarded · 2022
Subsidies and aid
Flemish government
2022 · 1 entry · €366 awarded · €366 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | €366 | €366 |
Company details
Private limited company · founded 30-12-2005Year ends 30-06Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded30-12-2005
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
46842Wholesale trade
Contact
Phone
014/84.01.26Westerlo
E-invoicing
Reachable via Peppol
Peppol ID
0208:0878275117
Also
9925:BE0878275117
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2006
Ground area
1,396 m²
Building footprint
127 m²
Volume, LiDAR
608 m³
Parcel 13028C0245/00L000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STEVIFEM KOELTECHNIEK BVBA
since 2006unit no. 2.151.246.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028C0245/00L000 | Flanders | 1,396 m² | 1 · 127 m² | 7.1 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies
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