Equity
€4.4m ▲ 86.7%
STEFANINI paid out €4.3m in dividends. That is 212% of the 2025 profit.
STEFANINI
Lifetime
16 annual accounts with figures on one time axis, 29 filings since 1997Turnoverpeak €46.8m (2023)
€41.3m▲ 4.3%
Resultlowest -€4.2m (2012)
€2.0m▼ 11.3%
Equitypeak €7.5m (2009)
€4.4m▲ 86.7%
Debts
€12.3m▲ 5.3%
Staffpeak 220 FTE (2012)
130 FTE▲ 7.0%
Board23 names since 2008all names
3 directorsOLMANST Stéphane and 2 others
Owners3 names in the annual accounts
100%Stefanini International Holdings Ltd
Documentsfilings and deeds
29-10-202690 days late
2025financial year
Dividend €4.3mEquity from €2.4m to €4.4m
Key points
from the 2025 annual accountsDebts
€12.3m 74% of the balance sheet
Suppliers 77%Taxes and wages 21%Other 2%
Of this, €12.0m falls due within a year.
Staff
130 FTE from 220 in 2012
Between 2012 and 2025, 41% of the full-time equivalents disappeared.
Filings
29 annual accounts 90 days
Latest accounts filed late: after the legal deadline.
Board
1 joined · 1 left
Board changed. Latest change 07-05-2026 · 2 in office.
Position in the sector
€2.0m
Higher net result than 86% of companies in telecommunications. Sector median €22,790 · 96 companies.
Checked score
85
Excellent
Financially stronger than 51% of all companies
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 18 companies (NACE 61, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 4.3%▲ +1.8 percentage points vs 12-2024highest value
02-2025: 4.3%● unchanged vs 01-2025highest value
03-2025: 1.2%▼ -3.1 percentage points vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.1%▼ -0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.3 percentage points vs 07-2025
09-2025: 1.7%▲ +0.2 percentage points vs 08-2025
10-2025: 2.0%▲ +0.3 percentage points vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.4%▲ +0.4 percentage points vs 11-2025
01-2026: 4.1%▲ +1.7 percentage points vs 12-2025
02-2026: 4.1%● unchanged vs 01-2026
03-2026: 0.8%▼ -3.3 percentage points vs 02-2026
04-2026: 0.7%▼ -0.1 percentage points vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.3 percentage points vs 07-2026
09-2026: 1.3%▲ +0.2 percentage points vs 08-2026
10-2026: 1.5%▲ +0.2 percentage points vs 09-2026
11-2026: 0.3%▼ -1.2 percentage points vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 90 days late; 3 of the last 3 accounts late
Sector: Telecommunications (NACE 61)
lowers risk
Size: turnover €41.3m, 130 FTE, total assets €16.7m
Founded in 1996
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 (all companies). It does better than 40% of them on solvency, 18% on liquidity, 71% on profitability and 76% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 378 companies had the same profile as STEFANINI has now. Each dot is one company, two years later.
97.4%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of STEFANINI itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 378 companies, not a prediction for STEFANINI. 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.
Credit verdict
Credit of up to €370,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.35 (1.18 in 2024), below the usual 1.5. Short-term debt is 72.1% and cash 9.4% of total assets. 73.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
1819202122232425
2018 to 2025 · latest year €4.4m
raises risk · 2025 accounts filed 90 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-10-2026, 90 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
90 days late
2024
189 days late
2023
204 days late
2022
178 days late
2021
109 days late
2020
199 days late
2019
300 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 181 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 January (4 of the last 5 accounts filed within 69 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: Rik Demeulemeester (director)
Reappointment: Stéphane Olmanst (director) · General meeting of 01-02-2026 · Gazette deed
Resignation: Kimberly Bak (director)
Reappointment: Stéphane Olmanst (sole director) · General meeting of 20-03-2026 · Gazette deed
Reappointments: BAK Kimberly (director) and Olmanst Stéphane (director)
“Dienstverlening met betrekking tot “Call Centers”,door het creëren;in werkingstellen en ontwikkelen van “Call…” (deed in Dutch) · één aandeelhouder holds all the shares · General meeting of 22-12-2023 · Gazette deed
Appointment: EY Bedrijfsrevisoren BV (statutory auditor)
General meeting of 20-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| STEFANINI Zaventem | €41.3m | 6.7% | 26.4% | 130 |
| Simac Leuven | €69.7m | 2.0% | 26.1% | 167.2 |
| CCV BELGIUM Ypres | €26.1m | 5.5% | 41.0% | 85.6 |
| WEngage International Machelen (Brab.) | €51.8m | 0.0% | 24.7% | 65.8 |
| Platform Science Ypres | €50.1m | 7.2% | 57.5% | 107.6 |
| ORANGE BUSINESS BELGIUM Evere | €67.0m | 2.6% | 20.5% | 134.1 |
| CEGELEC INFRA TECHNICS Charleroi | €75.1m | 5.6% | 15.7% | 260.7 |
Grey: the largest companies of the sector (telecommunications (NACE 61)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as STEFANINI: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €8.4m and €60m, founded between 1990 and 2006.
Official details
Source: KBO- Status
- Active since 06-08-1996Normal situation
- Activity
- Wired, wireless and satellite telecommunicationsNACE 61100and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.077.762.7641930 Zaventem, since 07-08-1996
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- Total assets
- €16.7m▲ 19.0%
- Employeeson 31-12-2025
- 93▼ 32.1%
- Filing
- Filed on 29-10-2026
Insights on STEFANINI
STEFANINI has existed since 1996. Turnover grew from €24.9m in 2009 to €41.3m in 2025, while staff fell from 178.9 to 130 full-time equivalents.
Solvency rose in 2025 from 16.8% to 26.4%.
Stefanini International Holdings LTD holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STEFANINI
- What is the company number of STEFANINI?
- The company number of STEFANINI is 0458.468.124. The VAT number is the same number with BE in front: BE 0458.468.124.
- Where is STEFANINI based?
- The registered office is at Belgicastraat 5, 1930 Zaventem.Company details
- What does STEFANINI do?
- According to the KBO register, the main activity is wired, wireless and satellite telecommunications (NACE 61100).
- What is the legal form of STEFANINI?
- STEFANINI is a public limited company (NV).
- When was STEFANINI founded?
- STEFANINI was founded on 06-08-1996.
- Is STEFANINI still active?
- Yes, STEFANINI is an active enterprise in the KBO register.
- How many employees does STEFANINI have?
- STEFANINI had an average of 130 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does STEFANINI fall under?
- In its 2025 annual accounts, STEFANINI states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of STEFANINI?
- The turnover of STEFANINI was €41.3m in financial year 2025, according to the filed annual accounts.
- Is STEFANINI profitable?
- In financial year 2025, STEFANINI made a profit of €2.0m.
- Where can I find the annual accounts of STEFANINI?
- STEFANINI filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STEFANINI due?
- STEFANINI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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