Stepwyse
ActiveSummary
Stepwyse has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €352,187 and a net result of -€28,072. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-82
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 20.83 against 16.29 in 2024; short-term debt: 4.3% and cash: 53% of total assets), and 4.3% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
27 d late
2023
1 d early
2022
18 d late
2021
9 d late
2020
30 d late
2019
3 d early
← 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 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 9 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€352,187▼ 14.0%
2024 · €409,733
Total assets
€368,200▼ 15.3%
2024 · €434,846
Net result
-€28,072
2024 · €76,850
Working capital
€314,505▼ 18.1%
2024 · €383,939
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€124,097▲ 783%€133,455▲ 7.5%€122,371▼ 8.3%€115,933▼ 5.3%-€22,167
Net result€86,524above the sector's middle half€90,796above the sector's middle half▲ 4.9%€81,858above the sector's middle half▼ 9.8%€76,850above the sector's middle half▼ 6.1%-€28,072below the sector's middle half
Equity€160,228within the sector's middle half▲ 64.0%€251,024above the sector's middle half▲ 56.7%€332,882above the sector's middle half▲ 32.6%€409,733above the sector's middle half▲ 23.1%€352,187above the sector's middle half▼ 14.0%
Total assets€211,894within the sector's middle half▲ 88.5%€285,872within the sector's middle half▲ 34.9%€355,250within the sector's middle half▲ 24.3%€434,846within the sector's middle half▲ 22.4%€368,200within the sector's middle half▼ 15.3%
Debt€51,666▲ 251%€34,847▼ 32.6%€22,368▼ 35.8%€25,114▲ 12.3%€16,013▼ 36.2%
Working capital€125,849within the sector's middle half▲ 92.8%€215,748above the sector's middle half▲ 71.4%€294,924above the sector's middle half▲ 36.7%€383,939above the sector's middle half▲ 30.2%€314,505above the sector's middle half▼ 18.1%
Solvency75.6%within the sector's middle half▼ 11.3pp87.8%above the sector's middle half▲ 12.2pp93.7%above the sector's middle half▲ 5.9pp94.2%above the sector's middle half▲ 0.5pp95.7%above the sector's middle half▲ 1.4pp
Current ratio3.44within the sector's middle half▼ 2.007.19above the sector's middle half▲ 3.7614.19above the sector's middle half▲ 6.9916.29above the sector's middle half▲ 2.1020.83above the sector's middle half▲ 4.54
Return on assets (ROA)40.8%above the sector's middle half▲ 108.3pp31.8%above the sector's middle half▼ 9.1pp23.0%within the sector's middle half▼ 8.7pp17.7%within the sector's middle half▼ 5.4pp-7.6%below the sector's middle half▼ 25.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 2025: a loss of €22,167 after €115,933 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368,200
Fixed assets
€37,832 ▲ 46.7%
Current assets
€330,368 ▼ 19.2%
Equity and liabilities €368,200
Equity
€352,187 ▼ 14.0%
Debt
€16,013 ▼ 36.2%
Debt's share of the balance-sheet total falls from 5.8% to 4.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€14,307▼
2024 · €123,651
Cash flow
-€20,212▼
2024 · €84,568
Debt to equity
0.05▼
2024 · 0.06
ROE
-8.0%▼
2024 · 18.8%
Interest coverage
-2.75▼
2024 · 20.20
Debt ≤ 1 year
€15,863▼
2024 · €25,114
Income taxes
€4,364▼
2024 · €35,904
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,162 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,838 | €9,790 | €10,064 | €7,718 | €7,860 | ▲ 1.8% |
| Other operating charges640/8 | €2,673 | €2,343 | €5,040 | €1,477 | €1,368 | ▼ 7.4% |
| Non-recurring operating charges66A | - | - | - | €7,561 | €0 | ▼ 100% |
| Gross operating margin9900 | €135,608 | €145,588 | €137,475 | €132,689 | -€12,939 | ▼ 110% |
| Operating profit (loss)9901 | €124,097 | €133,455 | €122,371 | €115,933 | -€22,167 | ▼ 119% |
| Financial income75/76B | €333 | €665 | €3,828 | €2,942 | €3,656 | ▲ 24.3% |
| Recurring financial income75 | €333 | €665 | €3,828 | €2,942 | €3,656 | ▲ 24.3% |
| Financial charges65/66B | €2,150 | €1,892 | €2,663 | €6,121 | €5,197 | ▼ 15.1% |
| Recurring financial charges65 | €2,150 | €1,892 | €2,663 | €6,121 | €5,197 | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €122,279 | €132,229 | €123,536 | €112,754 | -€23,708 | ▼ 121% |
| Income taxes67/77 | €35,756 | €41,433 | €41,678 | €35,904 | €4,364 | ▼ 87.8% |
| Profit (loss) for the period9904 | €86,524 | €90,796 | €81,858 | €76,850 | -€28,072 | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €86,524 | €90,796 | €81,858 | €76,850 | -€28,072 | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,894 | €285,872 | €355,250 | €434,846 | €368,200 | ▼ 15.3% |
| Fixed assets21/28 | €34,379 | €35,276 | €37,958 | €25,794 | €37,832 | ▲ 46.7% |
| Tangible fixed assets22/27 | €34,354 | €35,251 | €37,933 | €25,769 | €37,807 | ▲ 46.7% |
| Land and buildings22 | €17,404 | €15,218 | €13,564 | €5,183 | €4,363 | ▼ 15.8% |
| Plant, machinery and equipment23 | €11,374 | €16,760 | €13,816 | €8,355 | €6,863 | ▼ 17.8% |
| Furniture and vehicles24 | €5,577 | €3,273 | €10,553 | €12,232 | €26,581 | ▲ 117% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €177,515 | €250,596 | €317,292 | €409,053 | €330,368 | ▼ 19.2% |
| Amounts receivable after more than one year29 | - | €25,000 | €55,000 | €15,000 | €15,477 | ▲ 3.2% |
| Other amounts receivable291 | - | €25,000 | €55,000 | €15,000 | €15,477 | ▲ 3.2% |
| Amounts receivable within one year40/41 | €20,858 | €23,423 | €31,797 | €29,223 | €67,510 | ▲ 131% |
| Trade receivables40 | €20,858 | €23,423 | €17,611 | €26,430 | €21,042 | ▼ 20.4% |
| Other amounts receivable41 | - | - | €14,186 | €2,793 | €46,468 | ▲ 1,564% |
| Cash at bank and in hand54/58 | €153,092 | €198,044 | €227,333 | €294,454 | €195,108 | ▼ 33.7% |
| Deferred charges and accrued income490/1 | €3,565 | €4,129 | €3,162 | €70,376 | €52,274 | ▼ 25.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,894 | €285,872 | €355,250 | €434,846 | €368,200 | ▼ 15.3% |
| Equity10/15 | €160,228 | €251,024 | €332,882 | €409,733 | €352,187 | ▼ 14.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €141,628 | €232,424 | €314,282 | €391,133 | €336,028 | ▼ 14.1% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €139,768 | €232,424 | €314,282 | €391,133 | €336,028 | ▼ 14.1% |
| Profit (loss) carried forward14 | - | - | - | - | -€2,441 | - |
| Amounts payable17/49 | €51,666 | €34,847 | €22,368 | €25,114 | €16,013 | ▼ 36.2% |
| Amounts payable within one year42/48 | €51,666 | €34,847 | €22,368 | €25,114 | €15,863 | ▼ 36.8% |
| Trade debts44 | €1,900 | €1,337 | €1,373 | €2,872 | €7,537 | ▲ 162% |
| Suppliers440/4 | €1,900 | €1,337 | €1,373 | €2,872 | €7,537 | ▲ 162% |
| Taxes, remuneration and social security45 | €26,472 | €26,931 | €20,995 | €22,242 | €8,326 | ▼ 62.6% |
| Taxes450/3 | €26,472 | €26,931 | €20,995 | €18,132 | €5,530 | ▼ 69.5% |
| Remuneration and social security454/9 | - | - | - | €4,110 | €2,796 | ▼ 32.0% |
| Other amounts payable47/48 | €23,294 | €6,579 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €150 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86,524 | €90,796 | €81,858 | €76,850 | -€28,072 | ▼ 137% |
| + Depreciation and write-downs630 | €8,838 | €9,790 | €10,064 | €7,718 | €7,860 | ▲ 1.8% |
| Operating cash flow (approximation) | €95,362 | €100,586 | €91,923 | €84,568 | -€20,212 | ▼ 124% |
| Investment in fixed assets (approximation) | - | -€10,686 | -€12,746 | €4,446 | -€19,898 | ▼ 548% |
| Change in cash | - | €44,952 | €29,289 | €67,121 | -€99,346 | ▼ 248% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Highest result since 2018net €90,796 ▲4.9%
Operating result €133,455, net result €90,796, both a record.
31-12
Financial
Liquidity doublescurrent ratio 7.19
Current ratio from 3.44 to 7.19; short-term debt falls from €51,666 to €34,847.
31-12
Financial
Equity above €200,000Eq €251,024 ▲56.7%
2 profitable years in a row build equity to €251,024.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Back to profitnet €86,524
Net result €86,524 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €160,228 ▲64%
Equity rises from €97,705 to €160,228.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€75,869
Net result drops to -€75,869, the lowest in the series; recovery starts the following year.
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 4.09
Current ratio from 1.49 to 4.09; short-term debt falls from €62,732 to €17,643.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
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.
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.
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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, Holsbeek · 1 establishment unit since 2003
Ground area
1,629 m²
Building footprint
186 m²
Volume, LiDAR
1,397 m³
Parcel 24103C0077/00K000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Preekherenberg 8A, 3220 Holsbeek
since 20032.131.919.844
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24103C0077/00K000 | Flanders | 1,629 m² | 1 · 186 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
2024 to 2025 · 2 entries · 8,400 EUR awarded · 8,400 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,000 EUR | 3,000 EUR |
| 2024 | 1 | 5,400 EUR | 5,400 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 37,209 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-02-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
73200Market research and public opinion polling
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479645895
Also
9925:BE0479645895
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.