STS Constructies
ActiveSummary
STS Constructies has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,097 and a net result of -€44,369. Equity has been stable since 2018 (±1.7% per year). Its solvency ranks better than 31% of 2,331 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-07-2003 Normal situation
- Activity
- Manufacture of metal structures and parts of structures NACE 25110
- Joint committees
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
- Establishment unit
- 2.133.052.170 9042 Gent, since 10-07-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Board and ownership
- SMESSAERT StefanDirector
- Stefan Smessaert95%annual accounts 2017
- Claudia Deuninck5%annual accounts 2017
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- €18,813
- ▼ 86.8%
- Turnover
- ≈ €130,000
- estimated
- Loss
- €44,369
- Equity
- €59,097
- ▼ 42.9%
- Total assets
- €221,264
- ▼ 24.2%
- Staff
- 0.3 FTE
- ▼ 83.3%
Score breakdownraises riskLoss of €44,369 (financial year 2025)Liquidity: current ratio 0.74, cash €131, halvedSector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskSize: total assets €221,264Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 25, micro). It does better than 29% of them on solvency, 28% on liquidity, 4% on profitability and 9% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 22 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €37,981, after a profit of €4,414 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 2 | - |
| full-time | 2 | 2 | 1 | 1 | - |
| part-time | - | - | 1 | 1 | - |
| in full-time equivalents | 2 | 2 | 1.8 | 1.8 | - |
| Average over the year, in full-time equivalents | 1.7 | 2 | 1.8 | 1.8 | 0.3 |
| On a permanent contract | 2 | 2 | 2 | 2 | - |
| Joined | 1 | - | - | 1 | 0 |
| Left | 0 | - | - | 1 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €313,651 | €313,651 | €313,651 | €313,651 | €313,651 |
| Carrying value of the mortgaged assets | €256,272 | €233,478 | €210,684 | €187,891 | €165,097 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €49,257 | €3,714 | €4,099 | €1,461 | €1,538 |
| Depreciation and write-downs of the year | €38,646 | €39,231 | €39,921 | €39,743 | €37,599 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as STS Constructies: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €193,000 and €298,000, founded between 1998 and 2006.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| STS Constructies Gent | 2003 | €221,264 | €59,097 | €18,813 | -€44,369 | 2025 |
| SAFICO Zulte | 2002 | €193,416 | €58,205 | €17,074 | -€4,496 | 2025 |
| ATELIER CHARLIER & HANNECART Wasseiges | 2004 | €233,144 | €179,405 | €21,063 | €10,301 | 2025 |
| Inox Ceyssens Kinrooi | 2004 | €244,505 | €235,469 | €18,991 | €2,779 | 2025 |
| De Rycke Construction métallique sprl Péruwelz | 2006 | €222,848 | €19,574 | €14,861 | €7,597 | 2025 |
| GYDION Aarschot | 1998 | €240,774 | €188,339 | €19,023 | €5,860 | 2025 |
| D.V. SERVICES Evergem | 2006 | €298,178 | €97,642 | €18,516 | -€15,186 | 2025 |
They were chosen from the 2,093 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,221 companies had the same profile as STS Constructies has now. Two years later, 3.8% had gone bankrupt and 88.6% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of STS Constructies itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,221 companies, not a prediction for STS Constructies. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,250 | €1,850 | €3,438 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €65,872 | €85,654 | €82,892 | €96,501 | €16,203 | ▼ 83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,057 | €39,467 | €33,318 | €38,646 | €39,231 | €39,921 | €39,743 | €37,599 | ▼ 5.4% |
| Other operating charges640/8 | - | - | - | €3,132 | €3,021 | €2,593 | €2,295 | €2,992 | ▲ 30.4% |
| Gross operating margin9900 | €111,912 | €83,246 | €86,683 | €112,397 | €164,126 | €148,125 | €142,953 | €18,813 | ▼ 86.8% |
| Operating profit (loss)9901 | €45,453 | €7,536 | €17,130 | €4,747 | €36,220 | €22,719 | €4,414 | -€37,981 | - |
| Financial income75/76B | - | - | - | €25 | €267 | €26 | €43 | €153 | ▲ 256% |
| Recurring financial income75 | €1 | €72 | €15 | €25 | €267 | €26 | €43 | €153 | ▲ 256% |
| Financial charges65/66B | - | - | - | €4,475 | €3,515 | €3,071 | €4,405 | €6,343 | ▲ 44.0% |
| Recurring financial charges65 | €5,373 | €6,375 | €5,191 | €4,475 | €3,515 | €3,071 | €4,405 | €6,343 | ▲ 44.0% |
| Profit (loss) for the period before taxes9903 | €40,081 | €1,233 | €11,954 | €297 | €32,972 | €19,674 | €52 | -€44,171 | - |
| Income taxes67/77 | €6,135 | €433 | €3,238 | €176 | €9,863 | €6,683 | €6 | €198 | ▲ 33× |
| Profit (loss) for the period9904 | €33,946 | €800 | €8,716 | €121 | €23,109 | €12,991 | €46 | -€44,369 | - |
| Profit (loss) for the period to be appropriated9905 | €33,946 | €800 | €8,716 | €121 | €23,109 | €12,991 | €46 | -€44,369 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €384,230 | €383,555 | €370,213 | €403,788 | €384,572 | €347,742 | €291,976 | €221,264 | ▼ 24.2% |
| Fixed assets21/28 | €309,592 | €336,291 | €313,052 | €323,663 | €288,146 | €252,324 | €214,042 | €177,981 | ▼ 16.8% |
| Tangible fixed assets22/27 | €308,792 | €335,491 | €311,845 | €322,456 | €286,939 | €251,117 | €212,835 | €176,774 | ▼ 16.9% |
| Land and buildings22 | - | - | - | €256,272 | €233,478 | €210,684 | €187,891 | €165,097 | ▼ 12.1% |
| Plant, machinery and equipment23 | - | - | - | €23,319 | €19,058 | €17,108 | €11,766 | €8,575 | ▼ 27.1% |
| Furniture and vehicles24 | - | - | - | €42,865 | €34,403 | €23,325 | €13,178 | €3,102 | ▼ 76.5% |
| Financial fixed assets28 | €800 | €800 | €1,207 | €1,207 | €1,207 | €1,207 | €1,207 | €1,207 | = |
| Current assets29/58 | €74,638 | €47,264 | €57,161 | €80,125 | €96,426 | €95,418 | €77,934 | €43,283 | ▼ 44.5% |
| Stocks and contracts in progress3 | - | €3,005 | €2,750 | €31,247 | €3,520 | €4,240 | €9,740 | €11,500 | ▲ 18.1% |
| Stocks30/36 | - | - | - | €5,747 | €3,520 | €4,240 | €5,490 | €5,500 | ▲ 0.2% |
| Contracts in progress37 | - | - | - | €25,500 | - | - | €4,250 | €6,000 | ▲ 41.2% |
| Amounts receivable within one year40/41 | €67,110 | €21,569 | €49,273 | €45,595 | €78,921 | €56,036 | €54,579 | €25,365 | ▼ 53.5% |
| Trade receivables40 | - | - | - | €44,898 | €72,502 | €45,791 | €31,365 | €16,585 | ▼ 47.1% |
| Other amounts receivable41 | - | - | - | €697 | €6,419 | €10,245 | €23,214 | €8,780 | ▼ 62.2% |
| Current investments50/53 | €7,500 | €8,000 | - | - | €11,000 | €22,000 | - | €661 | - |
| Cash at bank and in hand54/58 | - | €7,619 | €1,085 | - | €327 | €4,619 | €5,173 | €131 | ▼ 97.5% |
| Deferred charges and accrued income490/1 | - | - | - | €3,283 | €2,658 | €8,523 | €8,442 | €5,626 | ▼ 33.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €384,230 | €383,555 | €370,213 | €403,788 | €384,572 | €347,742 | €291,976 | €221,264 | ▼ 24.2% |
| Equity10/15 | €115,558 | €116,358 | €118,758 | €112,563 | €124,595 | €126,420 | €103,466 | €59,097 | ▼ 42.9% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | - | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | - | - | - | - | - |
| Reserves13 | €96,958 | €97,758 | €100,158 | €93,842 | €105,995 | €107,820 | €84,820 | €84,013 | ▼ 1.0% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €91,982 | €104,135 | €107,820 | €84,820 | €84,013 | ▼ 1.0% |
| Profit (loss) carried forward14 | - | - | - | €121 | - | - | €46 | -€43,516 | - |
| Amounts payable17/49 | €268,672 | €267,197 | €251,455 | €291,225 | €259,977 | €221,322 | €188,510 | €162,167 | ▼ 14.0% |
| Amounts payable after more than one year17 | €197,881 | €218,842 | €203,872 | €205,750 | €172,833 | €144,310 | €116,863 | €103,937 | ▼ 11.1% |
| Financial debts170/4 | - | - | - | €205,750 | €172,833 | €144,310 | €116,863 | €103,937 | ▼ 11.1% |
| Amounts payable within one year42/48 | €70,678 | €48,355 | €47,583 | €85,475 | €87,144 | €77,012 | €71,647 | €58,230 | ▼ 18.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €31,641 | €32,734 | €29,132 | €27,447 | €13,966 | ▼ 49.1% |
| Financial debts43 | - | - | - | €610 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €610 | - | - | - | - | - |
| Trade debts44 | €26,796 | €10,679 | €10,565 | €22,612 | €26,478 | €32,443 | €28,114 | €19,059 | ▼ 32.2% |
| Suppliers440/4 | - | - | - | €22,612 | €26,478 | €32,443 | €28,114 | €19,059 | ▼ 32.2% |
| Taxes, remuneration and social security45 | - | - | - | €15,827 | €23,314 | €13,771 | €15,480 | €97 | ▼ 99.4% |
| Taxes450/3 | - | - | - | €5,905 | €16,396 | €1,983 | €4 | €4 | = |
| Remuneration and social security454/9 | - | - | - | €9,922 | €6,918 | €11,788 | €15,476 | €93 | ▼ 99.4% |
| Other amounts payable47/48 | - | - | - | €14,785 | €4,618 | €1,666 | €606 | €25,108 | ▲ 41× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,946 | €800 | €8,716 | €121 | €23,109 | €12,991 | €46 | -€44,369 | - |
| + Depreciation and write-downs630 | €27,057 | €39,467 | €33,318 | €38,646 | €39,231 | €39,921 | €39,743 | €37,599 | ▼ 5.4% |
| Operating cash flow (approximation) | €61,003 | €40,267 | €42,034 | €38,767 | €62,340 | €52,912 | €39,789 | -€6,770 | - |
| Investment in fixed assets (approximation) | - | -€66,166 | -€10,079 | -€49,257 | -€3,714 | -€4,099 | -€1,461 | -€1,538 | ▼ 5.3% |
| Change in cash | - | - | -€6,534 | - | - | €4,292 | €554 | -€5,042 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-07-2026 | 2026-00305117 | NBB |
| 31-12-2024 | micro format | 07-07-2025 | 2025-00237590 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00239087 | |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00223913 | |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20161917 | |
| 31-12-2020 | micro format | 24-06-2021 | 2021-28200441 | |
| 31-12-2019 | micro format | 03-06-2020 | 2020-15300324 | |
| 31-12-2018 | micro format | 05-07-2019 | 2019-31200193 | |
| 31-12-2017 | abbreviated format | 30-05-2018 | 2018-15600033 | |
| 31-12-2016 | abbreviated format | 09-06-2017 | 2017-17600336 |
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersOwners 2
- Stefan Smessaertnatural personSourceown accounts 201795%
- Claudia Deunincknatural personSourceown accounts 20175%
Capital transactions
- 11-12-2023 Capital stated in the deed · 100 shares
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| SMESSAERT Stefan |
|
| DEUNINCK Claudia |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”
Articles of association, deed of 11-12-2023 (in Dutch)
Network & group
Connections & network
1 current directorThe network starts from the directors of STS Constructies. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
11-12
Gazette deed
Change of role: SMESSAERT Stefan, from statutory manager to statutory directorAppointment: DEUNINCK Claudia (director) · Amendment of the articles · Capital conversion10 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “van rechtswege omgezet, artikel 39,§2,tweede lid wet 23-03-2019” (deed in Dutch)
- Reserve release, “middelen beschikbaar voor uitkering, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Director resignation, SMESSAERT Stefan (statutory manager)
- Director discharge, SMESSAERT Stefan
- Board rule, 2, “algemene vergadering” (deed in Dutch)
- Director appointment, SMESSAERT Stefan (statutory director)
- Director appointment, DEUNINCK Claudia (director)
- Capital
- Registered office clause, “Rechtstraat 36”, 9042 (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
12 activities
- De fabricage van materialen in metaal in de meest ruime zin van het woord (meubelen,rolluiken,ramen,radiatoren centrale verwarming,sloten,klein ijzerwerk,afsluitingen enzovoort)
- De uitbating van een werkplaats voor decoratie,bescherming,fabricage van metalen
- Hoevesmederij en smederij
- Bouw en bewerking van bruggen en metalen constructies,machines in de meest uitgebreide zin van het woord en bestemd voor tal van sectoren
- De fabricage van hef- en transporttoestellen (en alle onderdelen)
- De constructie en assemblage van motorvoertuigen,alsook toebehoren en onderdelen
- De constructie en assemblage van aanhangwagens,koetswerk voor bedrijfswagens,autobussen en autocars
- Onderneming voor het leggen van kabels en diverse leidingen
- Onderneming voor het aanleggen van speelpleinen,sportvelden,parken en tuinen,alsook de fabricage en plaatsing van afsluitingen
- Onderneming voor het plaatsen van ijzerwerk,metalen luiken en metalen schrijnwerk,de vervaardiging van speciale publiciteits- en uitstallingsartikelen,inclusief miniatuurmodellen
- Bureau voor nijverheidsstudies
- Herstelling aan huis van allerhande apparaten en machines
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
7 categories- D7 Wrought ironworkclass 1, up to €162,000
- D20 Metal joineryclass 1, up to €162,000
- F General steel construction contractsclass 1, up to €162,000
- F1 Assembly and dismantling (without supplies)class 1, up to €162,000
- F2 Steel load-bearing structuresclass 1, up to €162,000
- F3 Industrial paintingclass 1, up to €162,000
- K General mechanical equipment contractsclass 1, up to €162,000
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44813B0261/00P000 | Flanders | 1,692 m² | 1 · 295 m² | 8.0 m · 2 |