Checked.be
Active
BE 0454.851.311Private limited company
VAN STEIRTEGEM
Kleiweg 26 ·9340 Lede, Belgium· 31 yrs active
Sector: Demolition
(43110)
Conclusion
VAN STEIRTEGEM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €292k and a net result of €15k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 46% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €292k |
| Net result | €15k |
| Better than sector | 46% |
| Active | 31 yrs |
Financial profile
75
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
87
Profitability
25
Solvency
85
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1995, 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 Flags
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
87
/ 100
Excellent
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
€25k
estimate, not credit advice
Score history
63
2021
42
2022
84
2023
84
2024
87
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.56 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.56 (≥ 1.0)
+5
Leverage
Debt/equity 1.46 (< 2.0)
+3
Profitability
ROE 5%
+3
Interest coverage
Interest coverage 1383.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±1.9%/year).
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 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.7% | 44.0% | |
| Net result | €15k | €30k | |
| Equity | €292k | €276k | |
| Gross operating margin | €111k | €275k | |
| Total assets | €719k | €742k |
€102k
+19.1%
21-25
€15k
+85.6%
21-25
€99k
+17.0%
21-25
€719k
-20.7%
21-25
€292k
+5.3%
21-25
€130k
-44.7%
21-25
0
-
21-25
€3k
+222.3%
21-25
€426k
-32.2%
21-25
€37k
-34.9%
21-25
€390k
-31.9%
21-25
4.56
-12.1%
21-25
4.56
+1.9%
21-25
40.7%
+32.9%
21-25
1.46
-35.7%
21-25
5.1%
+76.2%
21-25
2.1%
+134.1%
21-25
1383.80
+142.6%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €102k | €86k | €89k | €88k | €97k |
| Net profit | €15k | €8k | €3k | €-7k | €-7k |
| Cash flow | €99k | €85k | €89k | €88k | €96k |
| Staff costs | - | - | - | - | - |
| Income taxes | €3k | €901 | €467 | €120 | €117 |
| Dividends | - | - | - | - | - |
| Total assets | €719k | €906k | €881k | €924k | €960k |
| Equity | €292k | €278k | €270k | €266k | €273k |
| Debt | €426k | €629k | €611k | €657k | €687k |
| of which ≤ 1y | €37k | €56k | €31k | €53k | €63k |
| of which > 1y | €390k | €573k | €580k | €605k | €624k |
| Working capital | €130k | €235k | €158k | €100k | €66k |
| Employees (FTE) | - | - | - | 0.0 | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 4.56 | 5.19 | 6.04 | 2.90 | 2.04 |
| Quick ratio | 4.56 | 4.47 | 6.04 | 2.90 | 2.04 |
| Working capital ratio | 18.1% | 25.9% | 17.9% | 10.8% | 6.9% |
| Solvency | 40.7% | 30.6% | 30.6% | 28.8% | 28.5% |
| Debt / equity | 1.46 | 2.27 | 2.27 | 2.47 | 2.51 |
| Long-term debt ratio | 1.33 | 2.06 | 2.15 | 2.27 | 2.28 |
| Interest coverage | 1383.80 | 570.36 | 1581.67 | -35631.61 | 785.87 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.1% | 0.9% | 0.4% | -0.8% | -0.7% |
| ROE | 5.1% | 2.9% | 1.2% | -2.7% | -2.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €719k | €906k | €881k | €924k | €960k |
| Fixed assets | 21/28 | €552k | €615k | €692k | €771k | €831k |
| Tangible fixed assets | 22/27 | €543k | €606k | €683k | €762k | €822k |
| Financial fixed assets | 28 | €9k | €9k | €9k | €9k | €9k |
| Current assets | 29/58 | €167k | €291k | €189k | €152k | €129k |
| Stocks & contracts in progress | 3 | €0 | €40k | - | - | - |
| Amounts receivable within one year | 40/41 | €55k | €91k | €131k | €108k | €65k |
| Investments | 50/53 | - | - | - | €0 | €87 |
| Cash & bank | 54/58 | €105k | €153k | €52k | €42k | €60k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €719k | €906k | €881k | €924k | €960k |
| Equity | 10/15 | €292k | €278k | €270k | €266k | €273k |
| Contributions / capital | 10/11 | €74k | €74k | €74k | €74k | €74k |
| Reserves | 13 | €218k | €203k | €195k | €192k | €199k |
| Amounts payable | 17/49 | €426k | €629k | €611k | €657k | €687k |
| Amounts payable after one year | 17 | €390k | €573k | €580k | €605k | €624k |
| Amounts payable within one year | 42/48 | €37k | €56k | €31k | €53k | €63k |
| Trade debts payable within one year | 44 | €29k | €47k | €11k | €33k | €43k |
| Income statement | ||||||
| Gross operating margin | 9900 | €111k | €104k | €99k | €96k | €108k |
| Operating result | 9901 | €18k | €9k | €4k | €-7k | €-7k |
| Financial income | 75 | €80 | €111 | €240 | €95 | €172 |
| Financial charges | 65 | €74 | €150 | €56 | €-2 | €123 |
| Result before taxes | 9903 | €18k | €9k | €4k | €-7k | €-7k |
| Income taxes | 67/77 | €3k | €901 | €467 | €120 | €117 |
| Net result for the period | 9904 | €15k | €8k | €3k | €-7k | €-7k |
| Result to be appropriated | 9905 | €15k | €8k | €3k | €-7k | €-7k |
Legal Structure
| NACE primary | Demolition(43110) |
| Legal form | Private limited company(610) |
| Incorporation | 06-04-1995 |
| Status | Active |
| Postal code | 9340 |
Establishment units
Kleiweg 26, 9340 Lede
since 19952.071.251.589
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41034E0002/00K000 | Flanders | 2,994 m² | 1 · 1,001 m² | - |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €15k ▲85.6%
Operating result €18k, net result €15k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 6.04
Current ratio from 2.90 to 6.04; short-term debt falls from €53k to €31k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Demolition4311055301Full-service restaurants56101Full-service restaurants56111
Names & trade names
| Legal nameNL | VAN STEIRTEGEM |
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