STHENO
ActiveSummary
STHENO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €721k and a net result of €99k. Equity is growing by ~74.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+13
Solvency46▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.52 in 2024; short-term debt: 12.3% and cash: 0.4% of total assets), and 79.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
20.8%
Return on assets
2.9%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
42 d early
2023
40 d early
2022
22 d early
2021
41 d early
2020
9 d early
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€721k▲ 4.2%
2024 · €692k
2019: €29k
2020: €69k
2021: €77k
2022: €456k
2023: €640k
2024: €692k
2019 → 2025
Total assets
€3.48M▼ 2.2%
2024 · €3.56M
2019: €71k
2020: €655k
2021: €2.37M
2022: €3.35M
2023: €3.66M
2024: €3.56M
2019 → 2025
Net result
€99k▲ 91.7%
2024 · €52k
2019: €25k
2020: €40k
2021: €8k
2022: €378k
2023: €185k
2024: €52k
2019 → 2025
Working capital
€-267k▼ 73.5%
2024 · €-154k
2019: €-6k
2020: €-13k
2021: €-469k
2022: €-325k
2023: €22k
2024: €-154k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€456k▲ 489%€640k▲ 40.5%€692k▲ 8.1%€721k▲ 4.2%
Operating result€15k-€399k▲ 2,532%€218k▼ 45.4%€196k▼ 9.8%€188k▼ 4.0%
Net result€8k-€378k▲ 4,386%€185k▼ 51.2%€52k▼ 72.0%€99k▲ 91.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.48M
Fixed assets
€3.31M ▼ 2.1%
Current assets
€162k ▼ 4.4%
Equity and liabilities €3.48M
Equity
€721k ▲ 4.2%
Debt
€2.75M ▼ 3.8%
Debt's share of the balance-sheet total falls from 80.5% to 79.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€268k▼
2024 · €277k
Cash flow
€178k▲
2024 · €132k
Current ratio
0.38▼
2024 · 0.52
Debt to equity
3.82▼
2024 · 4.14
ROE
13.8%▲
2024 · 7.5%
ROA
2.9%▲
2024 · 1.5%
Interest coverage
3.39▲
2024 · 2.06
Debt ≤ 1 year
€429k▲
2024 · €323k
Debt > 1 year
€2.33M▼
2024 · €2.54M
Income taxes
€10k▲
2024 · €10k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.56M€3.48M▼
Fixed assets21/28€3.39M€3.31M▼
Tangible fixed assets22/27€3.38M€3.31M▼
Land and buildings22€3.36M€3.30M▼
Plant, machinery and equipment23€20k€14k▼
Furniture and vehicles24€3k€1k▼
Financial fixed assets28€800€800=
Current assets29/58€169k€162k▼
Amounts receivable within one year40/41€144k€147k▲
Trade receivables40€44k€44k▲
Other amounts receivable41€101k€103k▲
Cash at bank and in hand54/58€24k€13k▼
Deferred charges and accrued income490/1€502€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.56M€3.48M▼
Equity10/15€692k€721k▲
Contributions10/11€20k€20k=
Reserves13€672k€701k▲
Distributable reserves133€672k€701k▲
Amounts payable17/49€2.86M€2.75M▼
Amounts payable after more than one year17€2.54M€2.33M▼
Financial debts170/4€1.84M€1.63M▼
Other amounts payable178/9€700k€700k=
Amounts payable within one year42/48€323k€429k▲
Current portion of amounts payable after more than one year42€212k€214k▲
Trade debts44€22k€15k▼
Suppliers440/4€22k€15k▼
Advances received on contracts in progress46€5k€1k▼
Taxes, remuneration and social security45€26k€31k▲
Taxes450/3€26k€31k▲
Other amounts payable47/48€59k€167k▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€79k▼
Other operating charges640/8€2k€40k▲
Gross operating margin9900€283k€307k▲
Operating profit (loss)9901€196k€188k▼
Financial income75/76B€65€4▼
Recurring financial income75€65€4▼
Financial charges65/66B€135k€79k▼
Recurring financial charges65€135k€79k▼
Profit (loss) for the period before taxes9903€62k€110k▲
Income taxes67/77€10k€10k▲
Profit (loss) for the period9904€52k€99k▲
Profit (loss) for the period to be appropriated9905€52k€99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€99k▲
Transfer to equity691/2€52k€29k▼
To other reserves6921€52k€29k▼
Profit to be distributed694/7-€70k
Directors or managers695-€70k
The notes to these accounts (9 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €500kEq €640k ▲40.5%
5 profitable years in a row build equity to €640k.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €378k ▲4386%
Operating result €399k, net result €378k, both a record.
30-06
Financial
Equity above €200kEq €456k ▲489%
4 profitable years in a row build equity to €456k.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €8k ▼79%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 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.
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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, Heist-op-den-Berg · 1 establishment unit since 2018
Ground area
1.2 ha
Building footprint
3,166 m²
Parcel 12322I1415/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Liersesteenweg 240A, 2220 Heist-op-den-Berg
since 20182.275.161.922
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I1415/00A000 | Flanders | 1.2 ha | 1 · 3,166 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
Legal Entity Identifier
2549006KYMGRD3ISGS84
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 4,296 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
Founded16-04-2018
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82100Office administrative and support services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.