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STEEL CONSTRUCT

Active
Industriëlaan 82 ·7700 Mouscron, Belgium
KBO/BCE: BE 0866.006.397
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Belgian State Gazette acts: 0 of 4 read
Age22 yrs
Real estate1 parcel · 7,436 m²

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for STEEL CONSTRUCT (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €852k and a net result of €45k.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Signals

3 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 93% of 9176 peers (2023). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2022 and 2023).
View the result trend
Growing equity
Equity grew over 2021-2023. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 24-03-2025 236 d late 2025-00053946
31-12-2022 31-07-2023 31-08-2023 31 d late 2023-00423441
31-12-2021 31-07-2022 31-12-2022 153 d late 2023-20554190
31-12-2020 31-07-2021 17-11-2021 109 d late 2021-77500081
31-12-2019 31-07-2020 30-12-2020 152 d late 2020-77900427
31-12-2018 31-07-2019 30-08-2019 30 d late 2019-57300241
31-12-2017 31-07-2018 20-07-2018 11 d early 2018-35900494
31-12-2016 31-07-2017 29-09-2017 60 d late 2017-66600008
31-12-2015 31-07-2016 30-09-2016 61 d late 2016-64700567
31-12-2014 31-07-2015 30-09-2015 61 d late 2015-63400531

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

1 signal
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€45k-33.5%
Working capital€846k+6.4%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 24-03-2025 with the NBB · fiscal year 2023 · micro
€-100k€0€100k€200k€300kOperating result 2019: €43k€43kNet result 2019: €266k€266kOperating result 2020: €85k€85kNet result 2020: €301k€301kOperating result 2021: €-11k€-11kNet result 2021: €29k€29kOperating result 2022: €44k€44kNet result 2022: €68k€68kOperating result 2023: €24k€24kNet result 2023: €45k€45k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 81.9% 38.6%
better than 93% of 9176 sector peers
Net result €45k €12k
better than 85% of 9161 sector peers
Equity €852k €30k
better than 95% of 9183 sector peers
Gross operating margin €250k €33k
better than 95% of 9150 sector peers
Staff costs €209k €26k
higher than 95% of 3378 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P93
2020: P84 · n=17372021: P91 · n=36532022: P94 · n=66292023: P93 · n=91762020 2023
Stable position over 2020-2023 · n=1737-9176
Net result P85
2020: P95 · n=17302021: P77 · n=36452022: P92 · n=66142023: P85 · n=91612020 2023
Stable position over 2020-2023 · n=1730-9161
Equity P95
2020: P95 · n=17392021: P95 · n=36582022: P95 · n=66372023: P95 · n=91832020 2023
Stable position over 2020-2023 · n=1739-9183
Gross operating margin P95
2020: P95 · n=17282021: P95 · n=36452022: P95 · n=66082023: P95 · n=91502020 2023
Stable position over 2020-2023 · n=1728-9150
Describes the position versus peers, not a forecast.
EBITDA
€29k
-41.7% 18-23
Net profit
€45k
-33.5% 18-23
Cash flow
€51k
-31.1% 18-23
Total assets
€1.04M
+3.8% 18-23
Equity
€852k
+5.6% 18-23
Working capital
€846k
+6.4% 18-23
Employees (FTE)
6
-6.7% 18-23
Staff costs
€209k
+0.2% 18-23
Show 11 other metrics
Income taxes
€19k
-35.8% 18-23
Dividends
€66k
-37.4% 18-23
Debt
€188k
-3.8% 18-23
Debt ≤ 1y
€188k
-3.8% 18-23
Current ratio
5.49
+8.5% 18-23
Quick ratio
5.37
+7.5% 18-23
Solvency
81.9%
+1.8% 18-23
Debt / equity
0.22
-8.9% 18-23
ROE
5.3%
-37.0% 18-23
ROA
4.4%
-35.9% 18-23
Interest coverage
2.91
-47.2% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€29k
Net profit€45k
Cash flow€51k
Staff costs€209k
Income taxes€19k
Dividends-
Total assets€1.04M
Equity€852k
Debt€188k
of which ≤ 1y€188k
of which > 1y-
Working capital€846k
Employees (FTE)5.6
Ratios (computed)
2023
Current ratio5.49
Quick ratio5.37
Working capital ratio81.3%
Solvency81.9%
Debt / equity0.22
Long-term debt ratio-
Interest coverage2.91
Gross margin-
Net margin-
ROA4.4%
ROE5.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€1.04M
Fixed assets 21/28€6k
Tangible fixed assets 22/27€4k
Financial fixed assets 28€2k
Current assets 29/58€1.03M
Stocks & contracts in progress 3€21k
Amounts receivable within one year 40/41€1.00M
Cash & bank 54/58€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.04M
Equity 10/15€852k
Contributions / capital 10/11€19k
Reserves 13€487k
Accumulated profits (losses) 14€346k
Amounts payable 17/49€188k
Amounts payable within one year 42/48€188k
Trade debts payable within one year 44€122k
Income statement
Gross operating margin 9900€250k
Operating result 9901€24k
Financial income 75€51k
Financial charges 65€10k
Result before taxes 9903€65k
Income taxes 67/77€19k
Net result for the period 9904€45k
Result to be appropriated 9905€45k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
21 / 100 Critical
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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
approximate (street level) On OpenStreetMap

Establishment units

1 location
STEEL CONSTRUCT
Industriëlaan 82, 7700 MouscronInstallatie van verwarming, klimaatregeling en ventilatie
since 20042.139.281.847
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area7,436 m²
Buildings1
Building footprint2,158 m²
Volume (LiDAR)16,577 m³
Tallest building13.7 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
54007B0410/00G000 Wallonia 7,436 m² 1 · 2,158 m² 13.7 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals found in the Belgian State Gazette. The KBO register does record a special legal situation for this company, so do not read this as a clean bill of health.

Belgian State Gazette · acts

0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured
Health21Profitability27Solvency100Growth52Stability0
40 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 21
Profitability 27
Solvency 100
Growth 52
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,446 of the 9,478 companies in this sector. 541 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Installatie van verwarming, klimaatregeling en ventilatie43222Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222Installatie van verwarming, klimaatregeling en ventilatie45331Loodgieterswerk43221Sanitaire werkzaamheden43221Overig loodgieterswerk45332
Primary activity highlighted.
Names & trade names
Legal nameFR STEEL CONSTRUCT
Registered office
Industriëlaan 82
7700 Mouscron, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.