STG CONSTRUCT
ActiveSummary
STG CONSTRUCT has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €833,453 and a net result of €144,692. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 43% of 2,772 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Staff
- 11.5 FTE
- Equity
- €833,453
- Profit
- €144,692
Why 84raises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskFigures for financial year 2025 (filed 30-06-2026)Founded in 2013Profit of €144,692 (financial year 2025)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, small): better than 51% on solvency, 48% on liquidity, 76% on profitability and 40% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 7 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · full…
- Appointment: GARROY Steeve (director)Capital · Registered office clause…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 20% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,811 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.08m | €0.4m | €0.5m | €0.7m | €0.7m | ▼ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.04m | €0.07m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 4.2% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.02m | €0.03m | €0.01m | €0.008m | ▼ 35.9% |
| Non-recurring operating charges66A | - | - | - | €86 | €0.001m | - | €0.001m | €0.001m | ▼ 20.6% |
| Gross operating margin9900 | €0.2m | €0.2m | €0.3m | €0.4m | €0.8m | €1.0m | €1.2m | €1.1m | ▼ 7.4% |
| Operating profit (loss)9901 | €0.04m | €0.08m | €0.1m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 20.5% |
| Financial income75/76B | - | - | - | €30 | €2 | €0.001m | €0.001m | €0.001m | ▲ 16.8% |
| Recurring financial income75 | €2 | €6 | €11 | €30 | €2 | €0.001m | €0.001m | €0.001m | ▲ 16.8% |
| Financial charges65/66B | - | - | - | €0.006m | €0.02m | €0.02m | €0.02m | €0.04m | ▲ 105% |
| Recurring financial charges65 | €0.008m | €0.007m | €0.004m | €0.006m | €0.02m | €0.02m | €0.02m | €0.04m | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €0.03m | €0.07m | €0.1m | €0.2m | €0.3m | €0.2m | €0.3m | €0.2m | ▼ 29.2% |
| Income taxes67/77 | €0.01m | €0.02m | €0.04m | €0.05m | €0.08m | €0.08m | €0.09m | €0.05m | ▼ 42.2% |
| Profit (loss) for the period9904 | €0.02m | €0.06m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €0.02m | €0.06m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 22.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.5m | €1.0m | €1.0m | €1.8m | €1.7m | €1.4m | €2.6m | ▲ 78.1% |
| Fixed assets21/28 | €0.1m | €0.3m | €0.4m | €0.5m | €1.0m | €0.9m | €0.5m | €1.1m | ▲ 105% |
| Tangible fixed assets22/27 | €0.1m | €0.3m | €0.4m | €0.5m | €1.0m | €0.9m | €0.5m | €1.1m | ▲ 105% |
| Land and buildings22 | - | - | - | €0.3m | €0.8m | €0.7m | €0.3m | €0.9m | ▲ 160% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.1m | €0.08m | €0.05m | ▼ 39.4% |
| Furniture and vehicles24 | - | - | - | €0.05m | €0.1m | €0.1m | €0.1m | €0.07m | ▼ 38.0% |
| Leasing and similar rights25 | - | - | - | - | - | - | - | €0.09m | - |
| Financial fixed assets28 | €0.003m | €0.003m | - | - | - | - | - | - | - |
| Current assets29/58 | €0.7m | €0.2m | €0.6m | €0.5m | €0.8m | €0.7m | €0.9m | €1.5m | ▲ 62.1% |
| Stocks and contracts in progress3 | €0.2m | €0.1m | €0.3m | €0.2m | €0.3m | €0.5m | €0.4m | €1.0m | ▲ 128% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | = |
| Contracts in progress37 | - | - | - | - | €0.1m | €0.3m | €0.2m | €0.7m | ▲ 320% |
| Amounts receivable within one year40/41 | €0.2m | €0.05m | €0.04m | €0.1m | €0.08m | €0.1m | €0.1m | €0.3m | ▲ 88.2% |
| Trade receivables40 | - | - | - | €0.09m | €0.03m | €0.04m | €0.07m | €0.2m | ▲ 236% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.05m | €0.07m | €0.07m | €0.03m | ▼ 50.3% |
| Cash at bank and in hand54/58 | €0.2m | €0.06m | €0.3m | €0.2m | €0.3m | €0.1m | €0.3m | €0.2m | ▼ 32.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.02m | €0.009m | €0.007m | €0.01m | ▲ 89.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.5m | €1.0m | €1.0m | €1.8m | €1.7m | €1.4m | €2.6m | ▲ 78.1% |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.7m | €0.8m | €0.8m | ▲ 0.6% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | €0.8m | €0.8m | ▲ 0.5% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.6m | €0.8m | €0.8m | ▲ 0.5% |
| Profit (loss) carried forward14 | €368 | €0.002m | €0.002m | €0.004m | €0.004m | €0.004m | €0.005m | €0.005m | ▲ 14.7% |
| Amounts payable17/49 | €0.6m | €0.3m | €0.7m | €0.6m | €1.3m | €1.0m | €0.6m | €1.7m | ▲ 183% |
| Amounts payable after more than one year17 | €0.07m | €0.06m | €0.1m | €0.1m | €0.5m | €0.4m | €0.1m | €0.6m | ▲ 361% |
| Financial debts170/4 | - | - | - | €0.1m | €0.5m | €0.4m | €0.1m | €0.6m | ▲ 361% |
| Amounts payable within one year42/48 | €0.5m | €0.2m | €0.6m | €0.5m | €0.8m | €0.6m | €0.5m | €1.1m | ▲ 133% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 5.0% |
| Financial debts43 | - | - | - | €0.1m | €0.1m | €0.1m | - | €0.6m | - |
| Credit institutions430/8 | - | - | - | €0.1m | €0.1m | €0.1m | - | €0.6m | - |
| Trade debts44 | €0.1m | €0.1m | €0.4m | €0.2m | €0.3m | €0.2m | €0.3m | €0.1m | ▼ 43.9% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.2m | €0.3m | €0.1m | ▼ 43.9% |
| Advances received on contracts in progress46 | - | - | - | - | €0.1m | €0.06m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.06m | €0.05m | €0.1m | €0.1m | ▲ 33.7% |
| Taxes450/3 | - | - | - | €0.06m | €0.03m | €0.02m | €0.03m | €0.07m | ▲ 166% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.04m | €0.03m | €0.07m | €0.05m | ▼ 19.7% |
| Other amounts payable47/48 | - | - | - | €0.009m | €0.009m | €0.01m | €0.01m | €0.09m | ▲ 630% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,128 | €56,843 | €85,099 | €111,453 | €182,409 | €154,122 | €187,407 | €144,692 | ▼ 22.8% |
| + Depreciation and write-downs630 | €25,249 | €33,266 | €36,954 | €68,471 | €127,185 | €158,776 | €139,991 | €134,127 | ▼ 4.2% |
| Operating cash flow (approximation) | €43,377 | €90,110 | €122,053 | €179,924 | €309,594 | €312,899 | €327,398 | €278,819 | ▼ 14.8% |
| Investment in fixed assets (approximation) | - | -€227,551 | -€165,505 | -€147,712 | -€645,868 | -€68,115 | €250,612 | -€700,879 | - |
| Change in cash | - | -€174,654 | €193,632 | -€82,819 | €137,560 | -€168,593 | €195,755 | -€109,901 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00221941 |
| 31-12-2024 | full format | 30-07-2025 | 2025-00331150 |
| 31-12-2023 | full format | 29-07-2024 | 2024-00295952 |
| 31-12-2022 | full format | 30-06-2023 | 2023-00180887 |
| 31-12-2021 | full format | 29-07-2022 | 2022-20254861 |
| 31-12-2020 | full format | 02-08-2021 | 2021-45900446 |
| 31-12-2019 | full format | 17-08-2020 | 2020-41600494 |
| 31-12-2018 | micro format | 11-08-2019 | 2019-45600126 |
| 31-12-2017 | micro format | 25-07-2018 | 2018-37600598 |
| 31-12-2016 | micro format | 10-08-2017 | 2017-42100381 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| GARROY Steeve |
|
Owners and capital
Capital and shareholders
- 04-03-2025 Capital conversion · {"name": "STG CONSTRUCT", "entity_id": "e1"}
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
According to the 2025 annual accounts of STG CONSTRUCT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-03
Gazette deed
Appointment: GARROY Steeve (director)Capital · Registered office clause · Power of attorney8 facts ▸
- Capital
- Director appointment, GARROY Steeve (director)
- Registered office clause, “maintien siège à adresse actuelle, 4350 Remicourt,Rue Marquise 16” (deed in French)
- Power of attorney
- General meeting, 06-12-2024
- Amendment of the articles (2 times)
- Capital conversion, “de plein droit, capital effectivement libéré” (deed in French)
- Capital conversion, “suppression, fonds disponibles pour distribution” (deed in French)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0540.697.596
Recognitions · licences · registrations
Recognised contractor
9 categories- D General building contractsclass 4, up to €1,080,000
- D1 All shell construction and roofing-in of buildingsclass 4, up to €1,080,000
- D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
- D8 Asphalt and similar roof coverings, waterproofingclass 1, up to €162,000
- D12 Non-metal, non-asphalt roof coveringsclass 1, up to €162,000
- D20 Metal joineryclass 1, up to €162,000
- D22 Metal roofing and zinc workclass 1, up to €162,000
- E General civil engineering contractsclass 1, up to €162,000
Show all 9 categories
- G General earthworks contractsclass 1, up to €162,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62053A0576/00X000 | Wallonia | 1,993 m² | - | - |
| 64063A0451/00M003 | Wallonia | 690 m² | 1 · 118 m² | 8.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- STG CONSTRUCТ
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs, agences, ateliers, dépôts, succursales en Belgique et à l'étranger” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cession d'actions, organe d'administration à défaut d'accord” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions-droit de préférence, organe qui procède à l'émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)