HEPE STEMAX

Active

Public limited companyfounded 200422 yrs activeTegelrijstraat 202, 3850 Nieuwerkerken (Limb.), BelgiumKBO/BCE: BE 0866.504.859

Summary

HEPE STEMAX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show negative equity (-€191,651) and a net result of -€171,472. Equity is shrinking by ~34% per year across the filed fiscal years. Its solvency ranks better than 8% of 9873 sector peers (fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

HEPE STEMAXActive

Risk analysis Report Compare

Activity

Activities of holding companies

NACE 64210Holdings NACE 64200NACE 74151

#5 company by total assets in Nieuwerkerken, Finance and insurance sector1 site

Size

€5.0mtotal assets 2024

Equity: -€191,651
Loss: -€171,472

Turnover not published (abridged schema)

Financial health

Financial institution: outside the modelProbability: sector outside the model

Structure

Holdings: 1

Accounts 65 d overdue0 of 7 deeds read

Signals- Weak solvency vs sectorFiled after the deadlineShow the evidence

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.

Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Signals

Two signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 9873 sector peers (2024).

NBB · sector comparison

Position among 9873 sector peers

Solvency

better than 8%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

26 d late

2023

34 d early

2022

32 d early

2021

29 d late

2020

11 d early

2019

90 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

26-08-25 Annual accounts filedfiscal year 2024 · micro…
31-12-24 Weakest financial yearnet -€171,472
27-06-24 Annual accounts filedfiscal year 2023 · micro…

Key points

Risk: Negative equityfiscal year 2024: debts exceed assets -€191,651 View
Risk: 5 loss-making years in a rowloss fiscal year 2024 -€171,472 View
Caution: Equity fell in 2024from -€20,179 to -€191,651 ▼ 850% View
Caution: Among the weakest 5% on net resultsector median €29,470 · 9,870 companies -€171,472 View
Caution: Accounts not fileddeadline was 31-07-2026 65 d late View