Steelgood
ActiveSummary
The computed 12-month bankruptcy probability of Steelgood is 2.0% (moderate). The 2025 annual accounts show equity of €22k and a net result of €9k. Its solvency ranks better than 15% of 1904 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-23
Solvency35▲+2
Growth52
Track record82
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.96 in 2024; short-term debt: 67.9% and cash: 20.7% of total assets), and 90.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.8%
Return on assets
4.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1904 sector peers (2025).
NBB · sector comparisonPosition among 1904 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
14 d late
2024
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▲ 72.0%
2024 · €13k
2024: €13k
2024 → 2025
Total assets
€227k▲ 38.2%
2024 · €164k
2024: €164k
2024 → 2025
Net result
€9k▼ 6.1%
2024 · €10k
2024: €10k
2024 → 2025
Working capital
€-642▲ 78.9%
2024 · €-3k
2024: €-3k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€13k-€22k▲ 72.0%
Operating result€16k-€24k▲ 55.5%
Net result€10k-€9k▼ 6.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227k
Fixed assets
€73k ▼ 12.4%
Current assets
€153k ▲ 90.9%
Equity and liabilities €227k
Equity
€22k ▲ 72.0%
Debt
€205k ▲ 35.3%
Debt's share of the balance-sheet total falls from 92.2% to 90.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▲
2024 · €21k
Cash flow
€21k▲
2024 · €15k
Current ratio
1.00▲
2024 · 0.96
Debt to equity
9.24▼
2024 · 11.75
ROE
41.9%▼
2024 · 76.7%
ROA
4.1%▼
2024 · 6.0%
Interest coverage
3.48▼
2024 · 8.53
Debt ≤ 1 year
€154k▲
2024 · €83k
Debt > 1 year
€51k▼
2024 · €67k
Income taxes
€5k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€164k€227k▲
Fixed assets21/28€84k€73k▼
Intangible fixed assets21€19k€15k▼
Tangible fixed assets22/27€62k€55k▼
Plant, machinery and equipment23€34k€39k▲
Furniture and vehicles24€28k€17k▼
Financial fixed assets28€3k€3k=
Current assets29/58€80k€153k▲
Amounts receivable within one year40/41€30k€106k▲
Trade receivables40€21k€81k▲
Other amounts receivable41€8k€25k▲
Cash at bank and in hand54/58€49k€47k▼
Deferred charges and accrued income490/1€2k€89▼
Equity and liabilities
Total equity and liabilities10/49€164k€227k▲
Equity10/15€13k€22k▲
Contributions10/11€3k€3k=
Reserves13€10k€19k▲
Distributable reserves133€10k€19k▲
Amounts payable17/49€151k€205k▲
Amounts payable after more than one year17€67k€51k▼
Financial debts170/4€67k€51k▼
Amounts payable within one year42/48€83k€154k▲
Current portion of amounts payable after more than one year42€16k€16k▲
Trade debts44€37k€131k▲
Suppliers440/4€37k€131k▲
Taxes, remuneration and social security45€3k€3k=
Taxes450/3€3k€3k=
Other amounts payable47/48€27k€3k▼
Accrued charges and deferred income492/3€950-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲
Other operating charges640/8€671€581▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€22k€40k▲
Operating profit (loss)9901€16k€24k▲
Financial income75/76B€9-
Recurring financial income75€9-
Financial charges65/66B€2k€10k▲
Recurring financial charges65€2k€10k▲
Profit (loss) for the period before taxes9903€13k€14k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€10k€9k▼
Profit (loss) for the period to be appropriated9905€10k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€9k▼
Transfer to equity691/2€10k€9k▼
To other reserves6921€10k€9k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hooglede · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Amersveldestraat 75A8830 HoogledeGround area
1,163 m²
Building footprint
135 m²
Volume, LiDAR
531 m³
Parcel 36006A0227/00R000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Steelgood
since 20242.367.395.262
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36006A0227/00R000 | Flanders | 1,163 m² | 1 · 135 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
WOJA MANAGEMENT
BE 0438.216.801
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YETI WELDING
BE 1017.854.850
Floreffe · Eq €22,215
Lenaerts Group
BE 0740.486.023
Meerhout · Eq €21,993
VAN DEN EEDE KRISTOF
BE 0830.941.392
Lier · Eq €22,304
Bram Schots Laswerken
BE 0756.539.325
Leopoldsburg · Eq €22,373
Of 3,464 companies in sector 25530 we hold annual accounts for 1,658. 774 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.