Checked.be
Active
BE 0436.794.562Private limited company
ETABLISSEMENTS STECKER
Rue de la Gare 126 ·6880 Bertrix, Belgium· 37 yrs active
Sector: Other retail sale of new goods
(47789)
Conclusion
ETABLISSEMENTS STECKER has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.77M and a net result of €72k. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €1.77M |
| Net result | €72k |
| Staff (FTE) | 16.1 |
| Better than sector | 85% |
Financial profile
67
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
83
Profitability
20
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1989, 37 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
83
/ 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
€150k
estimate, not credit advice
Score history
86
2023
83
2024
83
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.87 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.23 (≥ 1.0)
+5
Leverage
Debt/equity 0.50 (< 1.0)
+10
Profitability
ROE 4%
+3
Interest coverage
Interest coverage 3.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 10-07-2026 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.
declining
Equity: declining trend of ~7.4%/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 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 66.5% | 21.2% | |
| Net result | €72k | €32k | |
| Equity | €1.77M | €163k | |
| Gross operating margin | €986k | €281k | |
| Staff costs | €747k | €211k |
€224k
+29.7%
23-25
€72k
-0.5%
23-25
€180k
-0.5%
23-25
€2.66M
-2.5%
23-25
€1.77M
-11.4%
23-25
€1.17M
-15.3%
23-25
16
-1.2%
23-25
€747k
-2.8%
23-25
€45k
+786.8%
23-25
€300k
+328.6%
23-25
€890k
+21.7%
23-25
€625k
+44.4%
23-25
€265k
-11.3%
23-25
2.87
-31.5%
23-25
1.23
-21.5%
23-25
66.5%
-9.1%
23-25
0.50
+37.4%
23-25
4.1%
+12.3%
23-25
2.7%
+2.1%
23-25
3.76
-3.9%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema |
| Revenue | - | - | - |
| EBITDA | €224k | €173k | €272k |
| Net profit | €72k | €72k | €137k |
| Cash flow | €180k | €181k | €249k |
| Staff costs | €747k | €769k | €751k |
| Income taxes | €45k | €5k | €33k |
| Dividends | €300k | €70k | - |
| Total assets | €2.66M | €2.73M | €3.14M |
| Equity | €1.77M | €2.00M | €2.07M |
| Debt | €890k | €731k | €1.08M |
| of which ≤ 1y | €625k | €433k | €763k |
| of which > 1y | €265k | €298k | €312k |
| Working capital | €1.17M | €1.38M | €1.45M |
| Employees (FTE) | 16.1 | 16.3 | 16.8 |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 2.87 | 4.19 | 2.90 |
| Quick ratio | 1.23 | 1.56 | 1.29 |
| Working capital ratio | 44.0% | 50.7% | 46.2% |
| Solvency | 66.5% | 73.2% | 65.8% |
| Debt / equity | 0.50 | 0.37 | 0.52 |
| Long-term debt ratio | 0.15 | 0.15 | 0.15 |
| Interest coverage | 3.76 | 3.92 | 6.33 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 2.7% | 2.6% | 4.4% |
| ROE | 4.1% | 3.6% | 6.6% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 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 | €2.66M | €2.73M | €3.14M |
| Fixed assets | 21/28 | €864k | €914k | €928k |
| Intangible fixed assets | 21 | €49k | €55k | - |
| Tangible fixed assets | 22/27 | €815k | €859k | €928k |
| Current assets | 29/58 | €1.80M | €1.82M | €2.21M |
| Stocks & contracts in progress | 3 | €1.03M | €1.14M | €1.23M |
| Amounts receivable within one year | 40/41 | €24k | €88k | €345k |
| Investments | 50/53 | - | €100k | - |
| Cash & bank | 54/58 | €721k | €481k | €608k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.66M | €2.73M | €3.14M |
| Equity | 10/15 | €1.77M | €2.00M | €2.07M |
| Contributions / capital | 10/11 | €33k | €33k | €33k |
| Reserves | 13 | €1.11M | €1.34M | €1.41M |
| Accumulated profits (losses) | 14 | €623k | €623k | €625k |
| Amounts payable | 17/49 | €890k | €731k | €1.08M |
| Amounts payable after one year | 17 | €265k | €298k | €312k |
| Amounts payable within one year | 42/48 | €625k | €433k | €763k |
| Trade debts payable within one year | 44 | €47k | €23k | €438k |
| Income statement | ||||
| Gross operating margin | 9900 | €986k | €956k | €1.04M |
| Operating result | 9901 | €116k | €64k | €160k |
| Financial income | 75 | €61k | €58k | €54k |
| Financial charges | 65 | €60k | €44k | €43k |
| Result before taxes | 9903 | €117k | €77k | €171k |
| Income taxes | 67/77 | €45k | €5k | €33k |
| Net result for the period | 9904 | €72k | €72k | €137k |
| Result to be appropriated | 9905 | €72k | €72k | €137k |
Legal Structure
| NACE primary | Other retail sale of new goods(47789) |
| Legal form | Private limited company(610) |
| Incorporation | 01-01-1989 |
| Status | Active |
| Postal code | 6880 |
Establishment units
Rue de la Gare 133, 6880 Bertrix
since 19892.042.461.296
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009C0285/00A003 | Wallonia | 689 m² | 1 · 112 m² | 9.3 m · 3 fl. |
| 84009C0286/00P002 | Wallonia | 341 m² | 1 · 123 m² | 11.6 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €72k ▼0.5%
Net result drops to €72k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 21 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 62 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Other retail sale of new goods4778952494Other non-specialised retail sale47120Retail sale of household textiles and bedding47512Retail trade47513Retail trade47519Retail sale of electrical household appliances47540Retail trade47620Retail sale of newspapers and periodicals47621Retail trade47910524105245052720Vocational training85592Other education85599Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles95210
Names & trade names
| Legal nameFR | ETABLISSEMENTS STECKER |
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