STEPAT
ActiveSummary
The computed 12-month bankruptcy probability of STEPAT is 2.4% (moderate). The 2024 annual accounts show negative equity (€-761) and a net result of €-2k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 18936 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▼-82
Solvency23▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.69 in 2023; short-term debt: 102.4% and cash: 34.6% of total assets), and equity is negative.
Credit check 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-2.4%
Return on assets
-7.5%
Age of the figures
21 mo
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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-761
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
14 d early
2022
21 d early
2021
19 d early
2020
16 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-761
2023 · €2k
2018: €-45k
2019: €-52k
2020: €-53k
2021: €-45k
2022: €-26k
2023: €2k
2018 → 2024
Total assets
€31k▲ 35.7%
2023 · €23k
2018: €19k
2019: €24k
2020: €14k
2021: €24k
2022: €21k
2023: €23k
2018 → 2024
Net result
€-2k
2023 · €28k
2018: €-3k
2019: €-7k
2020: €-2k
2021: €8k
2022: €19k
2023: €28k
2018 → 2024
Working capital
€-10k▼ 55.3%
2023 · €-7k
2018: €-46k
2019: €-52k
2020: €-53k
2021: €-51k
2022: €-32k
2023: €-7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-53k-€-45k▲ 15.3%€-26k▲ 41.5%€2k€-761
Operating result€-600-€8k€20k▲ 135%€29k▲ 45.3%€-868
Net result€-2k-€8k€19k▲ 130%€28k▲ 49.6%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €868 after €29k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €31k
Fixed assets
€9k ▲ 15.8%
Current assets
€22k ▲ 46.6%
Key figures and ratios
EBITDA
€2k▼
2023 · €31k
Cash flow
€138▼
2023 · €30k
Solvency
-2.4%▼
2023 · 6.9%
Current ratio
0.68▼
2023 · 0.69
Quick ratio
0.42▲
2023 · 0.27
ROA
-7.5%▼
2023 · 121.2%
Interest coverage
1.07▼
2023 · 32.51
Debt
€32k▲
2023 · €21k
Debt ≤ 1 year
€32k▲
2023 · €21k
Staff costs
€26k▲
2023 · €16k
Equity ratios withheld: equity of €-761 is too small for a meaningful ratio.
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€23k€31k▲
Fixed assets21/28€8k€9k▲
Tangible fixed assets22/27€8k€9k▲
Land and buildings22€3k€6k▲
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24-€430
Current assets29/58€15k€22k▲
Stocks and contracts in progress3€9k€8k▼
Stocks30/36€9k€8k▼
Amounts receivable within one year40/41€14€25▲
Trade receivables40€14€25▲
Cash at bank and in hand54/58€4k€11k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€23k€31k▲
Equity10/15€2k€-761▼
Contributions10/11€20k€20k=
Reserves13€16k€16k=
Distributable reserves133€16k€16k=
Profit (loss) carried forward14€-35k€-37k▼
Amounts payable17/49€21k€32k▲
Amounts payable within one year42/48€21k€32k▲
Trade debts44€10k€12k▲
Suppliers440/4€10k€12k▲
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€3k€3k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€5k€13k▲
Income statement
Code20232024
Remuneration, social security and pensions62€16k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€48k€28k▼
Operating profit (loss)9901€29k€-868▼
Financial income75/76B€34€39▲
Recurring financial income75€34€39▲
Financial charges65/66B€947€2k▲
Recurring financial charges65€947€2k▲
Profit (loss) for the period before taxes9903€28k€-2k▼
Profit (loss) for the period9904€28k€-2k▼
Profit (loss) for the period to be appropriated9905€28k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-37k▼
Profit (loss) brought forward from the previous period14P€-63k€-35k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €28k ▲49.6%
Operating result €29k, net result €28k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Oostkamp · 1 establishment unit since 2005
Ground area
1,691 m²
Building footprint
162 m²
Parcel 31403F0341/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
RESTAURANT DE WAPENS
since 20052.147.910.689
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403F0341/00H000 | Flanders | 1,691 m² | 1 · 162 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostkamp2.147.910.689
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 2,319 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
Founded01-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.