Active BE 0453.956.238Private limited company

STREAM

Vagevuurstraat 8 ·8377 Zuienkerke, Belgium· 31 yrs active

Sector: Computer programming (62100)

Conclusion Checked

STREAM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €15k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 49% of 2768 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€210k
Net result	€15k
Better than sector	49%
Active	31 yrs

Financial profile 5 of 5 axes measured · computed by Checked

69 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 78

Profitability 35

Solvency 79

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1994, 31 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

78 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€16k

estimate, not credit advice

Score history

93 2023

96 2024

78 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.11 (≥ 1.0) +5

Quick ratio Quick ratio 1.11 (≥ 1.0) +5

Leverage Debt/equity 0.65 (< 1.0) +10

Profitability ROE 7% +3

Interest coverage Interest coverage 8.4× (≥ 3×) +8

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview30 NBB filings

Annual accounts filed on 29-10-2025 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~3%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	60.4%	62.1%	better than 49% of 2768 sector peers
Net result	€15k	€39k	better than 25% of 2770 sector peers
Equity	€210k	€62k	better than 91% of 2769 sector peers
Gross operating margin	€68k	€62k	better than 55% of 2770 sector peers
Total assets	€347k	€121k	better than 91% of 2770 sector peers

EBITDA

€65k

-38.9% 23-25

Net profit

€15k

-70.7% 23-25

Cash flow

€51k

-36.1% 23-25

Total assets

€347k

-15.1% 23-25

Equity

€210k

-4.0% 23-25

Working capital

€8k

-76.0% 23-25

Income taxes

€7k

-66.0% 23-25

Dividends

€23k

-18.0% 23-25

Debt

€137k

-27.8% 23-25

Debt ≤ 1y

€73k

-8.6% 23-25

Debt > 1y

€64k

-41.7% 23-25

Current ratio

1.11

-21.2% 23-25

Quick ratio

1.11

-21.2% 23-25

Solvency

60.4%

+13.0% 23-25

Debt / equity

0.65

-24.8% 23-25

ROE

6.9%

-69.5% 23-25

ROA

4.2%

-65.6% 23-25

Interest coverage

8.35

-40.2% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	micro schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	€65k	€106k	€91k
Net profit	€15k	€50k	€41k
Cash flow	€51k	€80k	€69k
Staff costs	-	-	-
Income taxes	€7k	€20k	€16k
Dividends	€23k	€28k	€36k
Total assets	€347k	€409k	€334k
Equity	€210k	€219k	€197k
Debt	€137k	€190k	€137k
of which ≤ 1y	€73k	€80k	€53k
of which > 1y	€64k	€110k	€84k
Working capital	€8k	€32k	€72k
Employees (FTE)	-	-	-

Ratios (computed)

	2025	2024	2023
Current ratio	1.11	1.40	2.35
Quick ratio	1.11	1.40	2.35
Working capital ratio	2.2%	7.9%	21.4%
Solvency	60.4%	53.5%	59.0%
Debt / equity	0.65	0.87	0.69
Long-term debt ratio	0.31	0.50	0.43
Interest coverage	8.35	13.95	13.36
Gross margin	-	-	-
Net margin	-	-	-
ROA	4.2%	12.2%	12.4%
ROE	6.9%	22.8%	21.0%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €266k · 76.7% Current assets €81k · 23.3%

Equity & liabilities

Equity €210k · 60.4% Debt €137k · 39.6%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€347k	€409k	€334k
Fixed assets	21/28	€266k	€297k	€210k
Tangible fixed assets	22/27	€266k	€296k	€210k
Financial fixed assets	28	€50	€50	€50
Current assets	29/58	€81k	€112k	€125k
Amounts receivable within one year	40/41	€47k	€23k	€50k
Investments	50/53	€250	€250	€250
Cash & bank	54/58	€16k	€50k	€49k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€347k	€409k	€334k
Equity	10/15	€210k	€219k	€197k
Contributions / capital	10/11	€6k	€6k	€6k
Reserves	13	€203k	€212k	€191k
Accumulated profits (losses)	14	€256	€248	€245
Amounts payable	17/49	€137k	€190k	€137k
Amounts payable after one year	17	€64k	€110k	€84k
Amounts payable within one year	42/48	€73k	€80k	€53k
Trade debts payable within one year	44	€1k	€1k	€3k
Income statement
Gross operating margin	9900	€68k	€109k	€94k
Operating result	9901	€29k	€76k	€63k
Financial income	75	€562	€923	€1k
Financial charges	65	€8k	€8k	€7k
Result before taxes	9903	€21k	€70k	€57k
Income taxes	67/77	€7k	€20k	€16k
Net result for the period	9904	€15k	€50k	€41k
Result to be appropriated	9905	€15k	€50k	€41k

Directors & mandates 1 directors

Current directors & mandates

DE CONINCK Bart
Director
State Gazette act 23433882 (23-11-2023)

Current
23-11-2023 → present

Legal Structure

NACE primary	Computer programming(62100)
Legal form	Private limited company(610)
Incorporation	06-12-1994
Status	Active
Postal code	8377

Establishment units 1 location

STREAM

Vagevuurstraat 8, 8377 ZuienkerkeScientific research and development

since 19942.069.413.143

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31462C0437/00C000	Flanders	704 m²	1 · 136 m²	7.9 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-10-2026

2025

29-10

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

31-03

Financial Weakest financial yearnet €15k ▼70.7%

Net result drops to €15k, the lowest in the series.

2024

30-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

31-03

Financial Highest result since 2023net €50k ▲20%

Operating result €76k, net result €50k, both a record.

31-03

Financial Equity above €200kEq €219k ▲10.8%

2 profitable years in a row build equity to €219k.

2023

23-11

State Gazette act Capital & shares

Jean-Louis Sabbe

05-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2022

27-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2021

26-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2020

05-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 5 days late

2019

30-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

31-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2017

08-11

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 8 days late

2016

24-11

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 24 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

23-11-2023

Capital change

All acts · 1 updated 2 years ago

2023

23-11-2023 Share split Capital & shares·Jean-Louis Sabbe

Notary: Jean-Louis Sabbe · Blankenberge

Original publication ↗

Technical details

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      "after_eur": null,
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      "before_eur": 18592.01,
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      "contribution_type": "reserves_incorporation",
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": 12394.68,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": "suppress"
    },
    {
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    },
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      "kind": "share_class_creation",
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      "merger_new_shares_n": null,
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      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": "Jean-Louis Sabbe",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Blankenberge",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-11-23",
    "filing_date": "2023-11-21",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-10-20",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0453.956.238",
    "name_full": "STREAM",
    "legal_form": "Besloten vennootschap met beperkte aansprakelijkheid",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
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    "person_name": null,
    "org_rep_person_name": null,
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  },
  "co_filed_documents": [
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  "shareholders_after": [
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      "kbo": null,
      "pct": null,
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      "role": "aandeelhouder",
      "n_shares": 100,
      "share_class": null
    }
  ],
  "share_classes_after": [
    {
      "n_shares": 100,
      "class_name": "Gewone Aandelen",
      "capital_share_eur": null,
      "voting_rights_per_share": 1.0
    }
  ]
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Computer programming, consultancy and related activities62010Computer programming6210072220

Names & trade names

Legal nameNL

STREAM

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