Checked.be
Active
BE 0554.772.197Private limited company
Stéphane XHROUET
Route de Foyr 118 ·4845 Jalhay, Belgium· 12 yrs active
Sector: Joinery installation
(43320)
Conclusion
Stéphane XHROUET has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €52k. Equity is shrinking by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €26k |
| Net result | €52k |
| Staff (FTE) | 2.6 |
| Better than sector | 15% |
Financial profile
66
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
53
Profitability
100
Solvency
18
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2014, 12 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
53
/ 100
Fair
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
€2k
estimate, not credit advice
Score history
48
2021
48
2022
45
2023
53
2024
53
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.97 (< 1.0)
-10
Leverage
Debt/equity 7.62 (> 3.0)
-10
Profitability
ROE 198% (≥ 10%)
+10
Interest coverage
Interest coverage 29.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 04-06-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~9.2%/year over 5 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 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 11.6% | 47.4% | |
| Net result | €52k | €10k | |
| Equity | €26k | €60k | |
| Gross operating margin | €207k | €39k | |
| Staff costs | €76k | €40k |
€119k
+3.2%
21-25
€52k
+4.9%
21-25
€98k
+1.9%
21-25
€228k
-7.7%
21-25
€26k
-10.2%
21-25
€-5k
+62.4%
21-25
3
+30.0%
21-25
€76k
-21.4%
21-25
€20k
-5.6%
21-25
€13k
-50.1%
21-25
€202k
-7.3%
21-25
€163k
+8.8%
21-25
€39k
-43.1%
21-25
0.97
+6.0%
21-25
0.67
+2.7%
21-25
11.6%
-2.7%
21-25
7.62
+3.1%
21-25
198.5%
+16.8%
21-25
23.0%
+13.6%
21-25
29.07
-20.0%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €119k | €116k | €66k | €84k | €77k |
| Net profit | €52k | €50k | €13k | €25k | €12k |
| Cash flow | €98k | €97k | €63k | €78k | €68k |
| Staff costs | €76k | €97k | €59k | €65k | €51k |
| Income taxes | €20k | €22k | €6k | €6k | €8k |
| Dividends | - | - | €13k | €25k | €12k |
| Total assets | €228k | €247k | €204k | €227k | €240k |
| Equity | €26k | €29k | €32k | €35k | €38k |
| Debt | €202k | €218k | €172k | €192k | €201k |
| of which ≤ 1y | €163k | €150k | €137k | €122k | €115k |
| of which > 1y | €39k | €68k | €35k | €70k | €86k |
| Working capital | €-5k | €-13k | €-25k | €-36k | €-13k |
| Employees (FTE) | 2.6 | 2.0 | 2.0 | 2.8 | 2.3 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.97 | 0.92 | 0.82 | 0.70 | 0.89 |
| Quick ratio | 0.67 | 0.66 | 0.61 | 0.53 | 0.70 |
| Working capital ratio | -2.1% | -5.1% | -12.1% | -16.1% | -5.5% |
| Solvency | 11.6% | 11.9% | 15.9% | 15.6% | 16.0% |
| Debt / equity | 7.62 | 7.39 | 5.30 | 5.42 | 5.25 |
| Long-term debt ratio | 1.46 | 2.30 | 1.08 | 1.99 | 2.24 |
| Interest coverage | 29.07 | 36.35 | 43.23 | 27.12 | 23.77 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 23.0% | 20.2% | 6.2% | 11.2% | 5.2% |
| ROE | 198.5% | 169.9% | 39.1% | 71.7% | 32.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €228k | €247k | €204k | €227k | €240k |
| Fixed assets | 21/28 | €70k | €110k | €92k | €142k | €138k |
| Intangible fixed assets | 21 | - | - | €9k | €24k | €39k |
| Tangible fixed assets | 22/27 | €69k | €110k | €83k | €118k | €99k |
| Financial fixed assets | 28 | €235 | €235 | €235 | €235 | €235 |
| Current assets | 29/58 | €158k | €137k | €112k | €85k | €102k |
| Stocks & contracts in progress | 3 | €48k | €39k | €29k | €21k | €21k |
| Amounts receivable within one year | 40/41 | €42k | €66k | €48k | €40k | €29k |
| Cash & bank | 54/58 | €68k | €32k | €32k | €21k | €52k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €228k | €247k | €204k | €227k | €240k |
| Equity | 10/15 | €26k | €29k | €32k | €35k | €38k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Amounts payable | 17/49 | €202k | €218k | €172k | €192k | €201k |
| Amounts payable after one year | 17 | €39k | €68k | €35k | €70k | €86k |
| Amounts payable within one year | 42/48 | €163k | €150k | €137k | €122k | €115k |
| Trade debts payable within one year | 44 | €17k | €8k | €28k | €12k | €16k |
| Income statement | ||||||
| Gross operating margin | 9900 | €207k | €243k | €126k | €153k | €129k |
| Operating result | 9901 | €74k | €69k | €16k | €31k | €21k |
| Financial income | 75 | €3k | €6k | €4k | €3k | €3k |
| Financial charges | 65 | €4k | €3k | €2k | €3k | €3k |
| Result before taxes | 9903 | €73k | €72k | €19k | €31k | €21k |
| Income taxes | 67/77 | €20k | €22k | €6k | €6k | €8k |
| Net result for the period | 9904 | €52k | €50k | €13k | €25k | €12k |
| Result to be appropriated | 9905 | €52k | €50k | €13k | €25k | €12k |
Legal Structure
| NACE primary | Joinery installation(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 26-06-2014 |
| Status | Active |
| Postal code | 4845 |
Establishment units
Stéphane XHROUET
since 20142.231.821.728
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63038A0195/00F002 | Wallonia | 1,883 m² | 1 · 231 m² | 8.0 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €52k ▲4.9%
Operating result €74k, net result €52k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Joinery installation43320Roofing work43410Logging02200Insulation installation43230Specialised construction activities43291Specialised construction activities43994
Names & trade names
| Legal nameFR | Stéphane XHROUET |
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