Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STER-CO from Westerlo, company number BE0778795380, closed financial year 2025 with a result of € 248,647 after tax. For that financial year STER-CO recorded a gross margin of € 66,027 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 442,112 to € 248,647. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 8, 2026.
€ 1.7 million
▲ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 248,647
▼ 44% vs 2024
Profit after tax over the fiscal year.
€ 143,787
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.5 million.
People and assets in 2025
€ 1,040
▼ 12% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,928
▼ 77% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 27% vs 2024
€ 149,185 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 902
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 68,541
▼ 26% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,131 | € 67,090 | € 69,243 | € 66,027 | ▼ 5% |
| Profit after taxes | € 339,497 | € 504,940 | € 442,112 | € 248,647 | ▼ 44% |
| Equity | € 464,497 | € 969,437 | € 1,411,549 | € 1,660,196 | ▲ 18% |
| Total debts | € 2,311,531 | € 1,958,583 | € 1,743,521 | € 1,307,985 | ▼ 25% |
| Cash | € 30,643 | € 64,669 | € 221,810 | € 143,787 | ▼ 35% |
| Retained profit | € 339,497 | € 844,437 | € 1,286,549 | € 1,535,196 | ▲ 19% |
| Bank debt | € 2,116,193 | € 1,731,040 | € 1,525,535 | € 1,119,661 | ▼ 27% |
| Balance sheet total | € 2,776,028 | € 2,928,020 | € 3,155,070 | € 2,968,181 | ▼ 6% |
Key figures of STER-CO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to STER-CO?
What happened at STER-CO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 248,647 (▼ 44% vs 2024). Source: NBB ↗
- New establishment in Westerlo. KBO
- Steven Mertens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 339,497 profit in 2022 to € 248,647 profit in 2025.
Paid € 154,272 in corporate taxes since 2022.
Best year ever: 2023, with € 504,940 profit.
Management
Behind STER-CO is Steven Mertens. It owns 33% of TM Holdco and 33% of fetuco itself.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Achterheide 9
2260 Westerlo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0778.795.380
- VAT number
- BE 0778.795.380
- Registered office
- Achterheide 9, 2260 Westerlo
- Names & denominations
- STER-CO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 2021
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
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