STM CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of STM CONCEPT is 2.1% (moderate). The 2025 annual accounts show equity of €3,000 and a net result of €18,031. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 7598 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+34
Solvency31▼-69
Growth58▲+6
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7598 sector peers (2025).
NBB · sector comparisonPosition among 7598 sector peers
Solvency
better than 15%
← 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 25-03-2026, 128 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
128 d early
2024
19 d late
2023
7 d late
2022
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 40 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 7 July (3 of the last 4 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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 How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€63,202
EBIT margin
13.6%
Net result
€18,031▲ 7,212%
2024 · €247
Working capital
€2,870▼ 88.2%
2024 · €24,332
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line2022202320242025
Turnover€63,202-
Operating result€8,564-€24,168▲ 182%€1,123▼ 95.4%€22,766▲ 1,928%
Net result€6,785within the sector's middle half-€18,732within the sector's middle half▲ 176%€247within the sector's middle half▼ 98.7%€18,031within the sector's middle half▲ 7,212%
EBIT margin13.6%-
Equity€9,785below the sector's middle half-€28,517within the sector's middle half▲ 191%€28,764within the sector's middle half▲ 0.9%€3,000below the sector's middle half▼ 89.6%
Total assets€18,552below the sector's middle half-€34,511below the sector's middle half▲ 86.0%€35,479below the sector's middle half▲ 2.8%€53,301below the sector's middle half▲ 50.2%
Debt€8,767-€5,994▼ 31.6%€6,715▲ 12.0%€50,301▲ 649%
Working capital-€3,727below the sector's middle half-€19,545within the sector's middle half€24,332within the sector's middle half▲ 24.5%€2,870within the sector's middle half▼ 88.2%
Solvency52.7%within the sector's middle half-82.6%above the sector's middle half▲ 29.9pp81.1%above the sector's middle half▼ 1.6pp5.6%below the sector's middle half▼ 75.4pp
Current ratio0.57below the sector's middle half-4.26above the sector's middle half▲ 3.694.62above the sector's middle half▲ 0.361.06below the sector's middle half▼ 3.57
Return on assets (ROA)36.6%above the sector's middle half-54.3%above the sector's middle half▲ 17.7pp0.7%within the sector's middle half▼ 53.6pp33.8%above the sector's middle half▲ 33.1pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,928% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,301
Fixed assets
€131 ▼ 97.1%
Current assets
€53,171 ▲ 71.3%
Equity and liabilities €53,301
Equity
€3,000 ▼ 89.6%
Debt
€50,301 ▲ 649%
Debt's share of the balance-sheet total rises from 18.9% to 94.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27,068▲
2024 · €5,663
Cash flow
€22,333▲
2024 · €4,787
Debt to equity
16.77▲
2024 · 0.23
ROE
601.0%▲
2024 · 0.9%
Interest coverage
215.35▲
2024 · 5.59
Debt ≤ 1 year
€50,301▲
2024 · €6,715
Income taxes
€4,774▲
2024 · €312
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
3.0%
went bankrupt
2.8%
stopped otherwise
94%
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 2.1% 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 497,338 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 2,157 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €63,202 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €54,091 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €509 | €297 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €299 | €4,540 | €4,540 | €4,302 | ▼ 5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - |
| Other operating charges640/8 | €348 | €763 | €1,025 | €902 | ▼ 12.0% |
| Gross operating margin9900 | €9,211 | €29,980 | €6,984 | €27,969 | ▲ 300% |
| Operating profit (loss)9901 | €8,564 | €24,168 | €1,123 | €22,766 | ▲ 1,928% |
| Financial income75/76B | - | €32 | €449 | €165 | ▼ 63.2% |
| Recurring financial income75 | - | €32 | €449 | €165 | ▼ 63.2% |
| Financial charges65/66B | €44 | €613 | €1,013 | €126 | ▼ 87.6% |
| Recurring financial charges65 | €44 | €613 | €1,013 | €126 | ▼ 87.6% |
| Profit (loss) for the period before taxes9903 | €8,520 | €23,587 | €559 | €22,805 | ▲ 3,982% |
| Income taxes67/77 | €1,735 | €4,855 | €312 | €4,774 | ▲ 1,430% |
| Profit (loss) for the period9904 | €6,785 | €18,732 | €247 | €18,031 | ▲ 7,212% |
| Profit (loss) for the period to be appropriated9905 | €6,785 | €18,732 | €247 | €18,031 | ▲ 7,212% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €18,552 | €34,511 | €35,479 | €53,301 | ▲ 50.2% |
| Fixed assets21/28 | €13,512 | €8,972 | €4,432 | €131 | ▼ 97.1% |
| Tangible fixed assets22/27 | €13,512 | €8,972 | €4,432 | €131 | ▼ 97.1% |
| Furniture and vehicles24 | €13,512 | €8,972 | €4,432 | €131 | ▼ 97.1% |
| Current assets29/58 | €5,040 | €25,539 | €31,047 | €53,171 | ▲ 71.3% |
| Amounts receivable within one year40/41 | €3,080 | €9,400 | €18,727 | €3,400 | ▼ 81.8% |
| Trade receivables40 | €79 | €601 | €5,356 | - | - |
| Other amounts receivable41 | €3,002 | €8,799 | €13,371 | €3,400 | ▼ 74.6% |
| Cash at bank and in hand54/58 | €1,960 | €11,772 | €8,120 | €44,065 | ▲ 443% |
| Deferred charges and accrued income490/1 | - | €4,368 | €4,200 | €5,706 | ▲ 35.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €18,552 | €34,511 | €35,479 | €53,301 | ▲ 50.2% |
| Equity10/15 | €9,785 | €28,517 | €28,764 | €3,000 | ▼ 89.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €6,785 | €25,517 | €25,764 | - | - |
| Amounts payable17/49 | €8,767 | €5,994 | €6,715 | €50,301 | ▲ 649% |
| Amounts payable within one year42/48 | €8,767 | €5,994 | €6,715 | €50,301 | ▲ 649% |
| Trade debts44 | €741 | €1,032 | €317 | €5,007 | ▲ 1,479% |
| Suppliers440/4 | €741 | €1,032 | €317 | €5,007 | ▲ 1,479% |
| Taxes, remuneration and social security45 | €1,735 | €4,856 | €6,398 | €1,500 | ▼ 76.6% |
| Taxes450/3 | €1,735 | €4,856 | €4,898 | - | - |
| Remuneration and social security454/9 | - | - | €1,500 | €1,500 | = |
| Other amounts payable47/48 | €6,291 | €106 | €0 | €43,795 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,785 | €18,732 | €247 | €18,031 | ▲ 7,212% |
| + Depreciation and write-downs630 | €299 | €4,540 | €4,540 | €4,302 | ▼ 5.3% |
| Operating cash flow (approximation) | €7,084 | €23,272 | €4,787 | €22,333 | ▲ 367% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €9,812 | -€3,651 | €35,945 | ▲ 1,084% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €247 ▼98.7%
Net result drops to €247, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Highest result since 2022net €18,732 ▲176%
Operating result €24,168, net result €18,732, both a record.
31-12
Financial
Liquidity times 7current ratio 4.26
Current ratio from 0.57 to 4.26; short-term debt falls from €8,767 to €5,994.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Kraainem · 1 establishment unit since 2022
Ground area
1.2 ha
Building footprint
943 m²
Volume, LiDAR
33,994 m³
2 parcels, Flanders, Wallonia · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
963
companies at this address
See who is registered here
1 establishment unit
Avenue Jacobs 22, 1360 Perwez
since 20222.328.421.553
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 25084C0355/00S002 | Wallonia | 639 m² | 1 · 77 m² | - |
Linked by address, not proof of ownership
Good to know
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
Anahon
BE 0743.695.733
Jette · Eq €3,000
Algemene Bouwwerken W&L
BE 0745.499.240
Heist-op-den-Berg · Eq €3,000
D&T Projects
BE 0749.645.989
Beveren-Kruibeke-Zwijndrecht · Eq €3,000
PLBD
BE 0755.827.958
Namur · Eq €3,000
V.E. CO
BE 0771.462.378
Maasmechelen · Eq €3,000
Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 4,601 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
Founded30-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43211General electrical installation work
43332Laying of wooden floor and wall coverings
81220Other building cleaning and industrial cleaning
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0781342225
Registered
15-11-2025
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.