STELU
ActiveSTELU has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €14k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+16
Solvency96▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.15 in 2024; short-term debt: 29% and cash: 7.1% of total assets), and 29% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
71%
Return on assets
7.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
48 d early
2023
13 d early
2022
121 d late
2021
6 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14k▲ 415%
2024 · €3k
2018: €-11k
2019: €-29k
2020: €-29k
2021: €35k
2022: €20k
2023: €6k
2024: €3k
2018 → 2025
Working capital
€-33k▲ 43.2%
2024 · €-59k
2018: €-139k
2019: €-140k
2020: €-154k
2021: €-85k
2022: €-91k
2023: €-78k
2024: €-59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€105k▲ 22.9%€111k▲ 5.3%€114k▲ 2.4%€127k▲ 12.0%
Operating result€43k-€32k▼ 26.3%€15k▼ 52.3%€10k▼ 35.6%€26k▲ 163%
Net result€35k-€20k▼ 44.0%€6k▼ 71.5%€3k▼ 52.7%€14k▲ 415%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 163% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€161k▼ 6.9%
Current assets
€19k▲ 86.6%
Equity and liabilities €179k
Equity
€127k▲ 12.0%
Debt
€52k▼ 24.4%
The debt ratio falls from 37.7% to 29.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2024 · €29k
Cash flow
€25k▲
2024 · €22k
Solvency
71.0%▲
2024 · 62.3%
Current ratio
0.36▲
2024 · 0.15
Quick ratio
0.36▲
2024 · 0.15
Debt / equity
0.41▼
2024 · 0.61
ROE
10.7%▲
2024 · 2.3%
ROA
7.6%▲
2024 · 1.4%
Interest coverage
7.56▲
2024 · 4.96
Debt
€52k▼
2024 · €69k
Debt ≤ 1 year
€52k▼
2024 · €69k
Income taxes
€7k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€182k€179k▼
Fixed assets21/28€172k€161k▼
Tangible fixed assets22/27€172k€161k▼
Land and buildings22€167k€157k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€2k€696▼
Financial fixed assets28€19€19=
Current assets29/58€10k€19k▲
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€3k€3k▼
Other amounts receivable41€868€2k▲
Cash at bank and in hand54/58€5k€13k▲
Deferred charges and accrued income490/1€733€776▲
Equity and liabilities
Total equity and liabilities10/49€182k€179k▼
Equity10/15€114k€127k▲
Contributions10/11€110k€110k=
Capital10€110k€110k=
Issued capital100€110k€110k=
Reserves13€4k€17k▲
Non-distributable reserves130/1€99€780▲
Legal reserve130€99€780▲
Distributable reserves133€4k€16k▲
Amounts payable17/49€69k€52k▼
Amounts payable within one year42/48€69k€52k▼
Financial debts43€30k€30k=
Credit institutions430/8€30k€30k=
Trade debts44€15k€2k▼
Suppliers440/4€15k€2k▼
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3€11k€12k▲
Other amounts payable47/48€12k€8k▼
Accrued charges and deferred income492/3€75€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€12k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€33k€43k▲
Operating profit (loss)9901€10k€26k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€4k€21k▲
Income taxes67/77€1k€7k▲
Profit (loss) for the period9904€3k€14k▲
Profit (loss) for the period to be appropriated9905€3k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€14k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€3k€14k▲
To the legal reserve6920€49€682▲
To other reserves6921€3k€13k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 121 days late
2022
31-12
Financial
Equity above €100kEq €105k ▲22.9%
2 profitable years in a row build equity to €105k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €35k
Net result €35k after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
Have them read with priority
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Directors · office · real estate
Directors
3 acts for this company are 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, Aalst · 1 establishment unit since 2003
Ground area
2,083 m²
Building footprint
423 m²
Volume, LiDAR
2,155 m³
Parcel 41304G0161/00Y000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hof Somergem 58, 9300 Aalst
since 20032.131.018.041
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0161/00Y000 | Flanders | 2,082 m² | 1 · 423 m² | 8.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 645 EUR awarded · 645 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 59 EUR | 59 EUR |
| 2024 | 1 | 179 EUR | 179 EUR |
| 2022 | 1 | 407 EUR | 407 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 40,858 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-12-1991
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.