ACTIVE

Stephano

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Financial year 2025 · closed on 31/12/2025

Net result

-31 k €

-508.1% YoY

Revenue

1,1 M €

Equity

519,1 k €

-5.6% YoY

Workforce

2,4 ETP

+14.3% YoY

What does Stephano do?

Stephano is a Private limited company incorporated in 1991. Its registered office is in Aalst. It employs on average 2,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.248.230

Incorporation

06/02/1991

Legal form

Private limited company

Registered office

Baardegem-Dorp 43
9310 Aalst · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

2,4 ETP

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	1,1 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		249,1 k €	-10.1%	277,1 k €	+34.2%	206,6 k €
EBITDA	2,5 k €	-94.1%	42,5 k €	+5.8%	40,2 k €	-16.1%	47,9 k €	-23.2%	62,3 k €	+106%	30,3 k €	-15.3%	35,8 k €	-15.3%	42,2 k €	-17.5%	51,2 k €	-35.1%	78,9 k €	+37.2%	57,5 k €	-20.7%	72,5 k €	-12.2%	82,6 k €	+240%	24,3 k €	-16.9%	29,3 k €	-47.1%	55,3 k €	+65.5%	33,4 k €	+126%	14,8 k €	-48.2%	28,6 k €	+17.6%	24,3 k €
Operating result	-34 k €	-370%	12,6 k €	+21.4%	10,4 k €	-60.0%	26 k €	-41.2%	44,2 k €	+119%	20,2 k €	-21.1%	25,6 k €	-21.4%	32,6 k €	-22.0%	41,7 k €	-42.5%	72,6 k €	+61.4%	44,9 k €	-9.8%	49,8 k €	-14.1%	58 k €	+148%	23,4 k €	-17.6%	28,4 k €	-47.7%	54,3 k €	+65.6%	32,8 k €	+542%	5,1 k €	-72.4%	18,5 k €	+30.0%	14,3 k €
Net result	-31 k €	-508%	7,6 k €	+19.7%	6,3 k €	-71.6%	22,3 k €	-43.5%	39,4 k €	+134%	16,9 k €	-46.3%	31,4 k €	+41.6%	22,2 k €	-20.2%	27,8 k €	-42.7%	48,5 k €	+52.4%	31,9 k €	-10.5%	35,6 k €	-12.4%	40,6 k €	+236%	12,1 k €	-41.1%	20,5 k €	-45.5%	37,7 k €	+43.8%	26,2 k €	+499%	4,4 k €	-71.8%	15,5 k €	+39.9%	11,1 k €
Balance sheet
Equity	519,1 k €	-5.6%	550 k €	+1.4%	542,5 k €	+1.2%	536,1 k €	+4.3%	513,8 k €	+8.3%	474,4 k €	+3.7%	457,6 k €	+7.4%	426,2 k €	+5.5%	404 k €	-3.7%	419,6 k €	+13.1%	371 k €	+9.4%	339,2 k €	+11.7%	303,6 k €	+15.4%	263 k €	+4.8%	250,9 k €	+8.9%	230,3 k €	+19.6%	192,6 k €	+15.8%	166,4 k €	+2.7%	162 k €	+10.6%	146,5 k €
Total assets	892,1 k €	-3.4%	923,8 k €	+25.4%	736,5 k €	+7.3%	686,4 k €	-1.3%	695,3 k €	+18.1%	588,5 k €	+2.8%	572,4 k €	+10.2%	519,5 k €	-8.0%	564,8 k €	+9.0%	518,4 k €	+23.3%	420,3 k €	+6.3%	395,3 k €	+12.3%	352 k €	+24.2%	283,4 k €	+2.3%	276,9 k €	+7.1%	258,6 k €	+24.6%	207,6 k €	+12.7%	184,1 k €	-2.1%	188,1 k €	+15.1%	163,4 k €
Cash	401,2 k €	-21.9%	513,7 k €	+22.5%	419,3 k €	+5.6%	397,1 k €	-7.9%	431,2 k €	+101%	214,8 k €	+90.2%	112,9 k €	+25.3%	90,2 k €	-24.4%	119,2 k €	+12.6%	105,9 k €	+26.1%	84 k €	+70.1%	49,3 k €	+1.2%	48,8 k €	+21.0%	40,3 k €	-11.8%	45,7 k €	-3.1%	47,1 k €	-40.0%	78,5 k €	+70.7%	46 k €	-36.0%	71,9 k €	+60.8%	44,7 k €
Debts	373 k €	+0.5%	371,3 k €	+91.4%	194 k €	+38.9%	139,7 k €	-23.0%	181,4 k €	+59.1%	114 k €	-0.7%	114,8 k €	+23.0%	93,3 k €	-42.0%	160,8 k €	+62.7%	98,8 k €	+101%	49,3 k €	-12.3%	56,2 k €	+16.0%	48,4 k €	+136%	20,5 k €	-21.4%	26,1 k €	-7.8%	28,3 k €	+89.6%	14,9 k €	-15.6%	17,7 k €	-32.1%	26 k €	+54.2%	16,9 k €
Other
Workforce	2,4 ETP	+14.3%	2,1 ETP	+90.9%	1,1 ETP		–		–		0,6 ETP	0.0%	0,6 ETP		–		0,6 ETP		–		0,6 ETP	0.0%	0,6 ETP	+20.0%	0,5 ETP	-16.7%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	+20.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

ELS MINNER

Director

Active

Stefaan MINNER

Director

Active

Ended mandates

ELS MINNER

Director · since 29 avril 2016 · until 15 juin 2021

Ended

ELS MINNER

Manager · since 29 avril 2016 · until 15 juin 2021

Ended

ELS MINNER

Manager · since 29 avril 2016

Ended

ELS MINNER

Manager · since 31 mars 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	28/08/2025	20/08/2024	29/08/2023	19/08/2022	02/07/2021
General meeting	30/06/2026	30/06/2025	31/07/2024	31/07/2023	30/06/2022	05/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	31/07/2024	20/08/2024	Dutch	PDF
Micro model	31/12/2022	31/07/2023	29/08/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	19/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	02/07/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	25/09/2020	Dutch	PDF
Micro model	31/12/2018	14/08/2019	31/08/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	22/06/2018	Dutch	PDF
Micro model	31/12/2016	31/07/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/04/2016	20/05/2016	Dutch	PDF
Abridged model	31/12/2014	07/04/2015	19/06/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	31/07/2014	03/11/2014	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/07/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/07/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	03/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/08/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/04/2007	16/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

ELS MINNER

Director

Active

Stefaan MINNER

Director

Active

Ended mandates

ELS MINNER

Director · since 29 avril 2016 · until 15 juin 2021

Ended

ELS MINNER

Manager · since 29 avril 2016 · until 15 juin 2021

Ended

ELS MINNER

Manager · since 29 avril 2016

Ended

ELS MINNER

Manager · since 31 mars 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/04/2016
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates27/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2004
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-31 k €↓
2024
Annual accounts 20247,6 k €↑
2023
Annual accounts 20236,3 k €↓
2022
Annual accounts 202222,3 k €↓
2021
Annual accounts 202139,4 k €↑
2020
Annual accounts 202016,9 k €↓
2019
Annual accounts 201931,4 k €↑
2018
Annual accounts 201822,2 k €↓
2017
Annual accounts 201727,8 k €↓
2016
Annual accounts 201648,5 k €↑
2015
Annual accounts 201531,9 k €↓
2014
Annual accounts 201435,6 k €↓
2013
Annual accounts 201340,6 k €↑
2012
Annual accounts 201212,1 k €↓
2011
Annual accounts 201120,5 k €↓
2010
Annual accounts 201037,7 k €↑
2009
Annual accounts 200926,2 k €↑
2008
Annual accounts 20084,4 k €↓
2007
Annual accounts 200715,5 k €↑
2006
Annual accounts 200611,1 k €
06/02/1991
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Stephano

Overview

What does Stephano do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline