Financials
- Financial year
- 2025
- Total assets
- €67.8m
- Loss
- -€531,287
- Solvency
- 2.0%
Turnover▲ 1.1%
Net result
20192023
STEPHEX and C°
ActiveSummary
STEPHEX and C° has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€531,287. Equity is shrinking by about 14% per year across the filed financial years. Its solvency ranks better than 20% of 11,189 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Real estate appraisal on a fee or contract basis
NACE 68322Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
2nd largest company by total assets in Meise, Real estate sector1 site
Size
€67.8mtotal assets 2025
- Staff
- 4.3 FTE
- Equity
- €1.3m
- Loss
- -€531,287
Structure
- Parent
- STEPHEX HOLDING · 99.53%
- Holdings
- 1
- STEPHEX HOLDINGDirector
Auditor: SD Bedrijfsrevisoren2025 accounts 52 days early3 of 12 deeds summarised
Why 69raises riskLiquidity: current ratio 0.64, cash €10,254Equity €1.3m (2.0% of total assets)lowers riskSize: 4.3 FTE, total assets €67.8mLegal form: public limited companyShow the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 28% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Weak
Solvency
27-1
equity 2.0% of total assets
Liquidity
48-1
short-term debt 13.8% · cash 0.0%
Profitability
34+13
return on assets -0.8%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%lowest value
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026highest value
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.64, compared with 1.83 in 2024, below 1; short-term debt: 13.8% and cash: 0% of total assets), and 98% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 22% on solvency, 43% on liquidity, 29% on profitability and 18% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€531,287
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 11189 sector peers (2025).
NBB · sector comparisonPosition among 11189 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-03-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 days early
2024
61 days early
2023
67 days early
2022
61 days early
2021
68 days early
2020
126 days late
2019
13 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end25-10-2026 today30-04-2027 deadline
- Resignation: Ellen Van Guyse (bijzonder gevolmachtigde…Permanent representative: Stephan Conter
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
- Caution: Among the weakest 5% on net resultsector median €10,062 · 11,181 companies -€531,287 View
- Positive: Result rose in 2025from -€2.4m to -€531,287 ▲ 78.3% View
- Controlled by STEPHEX HOLDINGthe company in turn controls 1 companies 99.53% View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€531,287 View
- Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
By topic
Board & ownership
- Board
- 1 member
- Parent
- STEPHEX HOLDING · 99.53%
- Auditor
- SD Bedrijfsrevisoren
- STEPHEX HOLDINGDirector
Network & group
- Subsidiaries
- 1
- Connected companies
- 3
1 subsidiary
Timeline
- Events
- 45
- Since
- 1989
- Next accounts
- by 30-04-2027
- 30-09-2024Weakest financial year
- 12-06-2024Reappointment: SD Bedrijfsrevisoren BV (statutory auditor)
- 23-02-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Real estate appraisal on a fee or contract…NACE 68322
- Founded
- 17-03-1987
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 33
- Annual meeting
- Third Wednesday of February at 19:00
- Purpose
- “De handel, import en export van alle produkten, in- en uitvoeren van materialen en dieren…” (deed in Dutch)
Key facts about STEPHEX and C°
- What is the company number of STEPHEX and C°?
- 0430.695.638. In Belgium the VAT number is the company number with BE in front: BE 0430.695.638.
- Where is STEPHEX and C° based?
- The registered office is at Lovegemstraat 8, 1861 Meise.Company details
- What does STEPHEX and C° do?
- According to the KBO register, the main activity is real estate appraisal on a fee or contract basis (NACE 68322).
- What is the legal form of STEPHEX and C°?
- Public limited company (NV).
- When was STEPHEX and C° founded?
- On 17-03-1987.
- Is STEPHEX and C° still active?
- Yes, STEPHEX and C° is an active enterprise in the KBO register.
- How many employees does STEPHEX and C° have?
- On average 4.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of STEPHEX and C°?
- €4.3m in financial year 2023, according to the filed annual accounts.
- Is STEPHEX and C° profitable?
- In financial year 2025, STEPHEX and C° made a loss of €531,287.
- Where can I find the annual accounts of STEPHEX and C°?
- STEPHEX and C° filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STEPHEX and C° due?
- By 30-04-2027, for financial year 2026.Timeline
Companies related to STEPHEX and C°
Parent and group
- STEPHEX HOLDING99.53%
Subsidiaries and holdings
- THADDEUS et Cie100%
Comparable companies
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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies Which other companies belong to the same group?STEPHEX HOLDING · 8 companies
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