STEMA
ActiveSummary
STEMA has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€65,091) and a net result of -€7,471. Equity has been shrinking by about 37% per year since 2018. Its solvency ranks better than 5% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-03-1988 Normal situation
- Registered office
- 14 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Wholesale of machine tools NACE 46620and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2023
- Establishment unit
- 2.035.704.554 1390 Grez-Doiceau, since 11-03-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 17-01-2026
Board and ownership
- Bauwens Consulting & Partners BVDirector
- Bauwens JohanDirector
- Braet VeroniqueDirector
- BAUWENS CONSULTING & PARTNERS99.6%· score 9430-06-2024 annual accounts of BAUWENS CONSULTING & PARTNERS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €8,896
- ▲ 403%
- Turnover
- ≈ €100,000
- estimated
- Loss
- €7,471
- ▼ 42.0%
- Equity
- -€65,091
- ▼ 13.0%
- Total assets
- €23,401
- ▼ 49.0%
- Negative equity on 31-12-2025
- 2025 accounts filed 59 days after the deadline
Score breakdownraises riskCapped at 59: negative equityLoss of €7,471, the second in a row (financial year 2025)Negative equity -€65,091lowers riskSize: total assets €23,401Founded in 1988Show the evidence
Checked score
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 51% on liquidity, 6% on profitability and 23% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 59 days after the deadline Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00526312.
Annual accounts 2025 filed on 28-09-2026 at the NBB all 39 filings
Every figure per financial year
The operating result for 2025 is a loss of €4,311, smaller than the loss of €5,918 in 2024.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 0 | 0 |
| full-time | 2 | 0 | 0 |
| part-time | 0 | 0 | 0 |
| in full-time equivalents | 2 | 0 | 0 |
| Average over the year, in full-time equivalents | 2 | 0.3 | 0.3 |
| On a permanent contract | 2 | 0 | 0 |
| Joined | - | 0 | 0 |
| Left | - | 1 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €345 | €22,165 | - | - | €978 |
| Depreciation and write-downs of the year | €424 | €4,754 | €4,862 | €4,641 | €371 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €99,067 | €63,954 | €14,283 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,554 | €6,290 | €1,121 | €424 | €4,754 | €4,862 | €4,641 | €371 | ▼ 92.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2,020 | €0 | -€2,279 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €2,536 | €1,331 | €3,007 | €3,046 | €4,342 | ▲ 42.6% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €8,493 | - |
| Gross operating margin9900 | €100,808 | €112,855 | €90,300 | €69,256 | €29,887 | €10,340 | €1,769 | €8,896 | ▲ 403% |
| Operating profit (loss)9901 | €16,353 | -€3,821 | €7,018 | -€34,791 | -€40,152 | -€9,533 | -€5,918 | -€4,311 | ▲ 27.2% |
| Financial income75/76B | - | - | - | €224 | €0 | €0 | - | - | - |
| Recurring financial income75 | €28 | €355 | €5 | €224 | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €3,703 | €4,683 | €5,984 | €6,953 | €3,161 | ▼ 54.5% |
| Recurring financial charges65 | €4,437 | €2,666 | €3,531 | €3,703 | €4,683 | €5,984 | €6,953 | €3,161 | ▼ 54.5% |
| Profit (loss) for the period before taxes9903 | €11,943 | -€6,132 | €3,492 | -€38,269 | -€44,836 | -€15,518 | -€12,871 | -€7,471 | ▲ 42.0% |
| Income taxes67/77 | €2,415 | €282 | €1,789 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €9,528 | -€6,414 | €1,703 | -€38,269 | -€44,836 | -€15,518 | -€12,871 | -€7,471 | ▲ 42.0% |
| Profit (loss) for the period to be appropriated9905 | €9,528 | -€6,414 | €1,703 | -€38,269 | -€44,836 | -€15,518 | -€12,871 | -€7,471 | ▲ 42.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €195,066 | €151,686 | €138,011 | €120,010 | €69,232 | €58,284 | €45,917 | €23,401 | ▼ 49.0% |
| Fixed assets21/28 | €7,458 | €1,168 | €1,224 | €1,146 | €18,557 | €13,445 | €8,804 | €917 | ▼ 89.6% |
| Intangible fixed assets21 | €1,662 | €831 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €5,546 | €87 | €974 | €896 | €18,307 | €13,445 | €8,804 | €917 | ▼ 89.6% |
| Furniture and vehicles24 | - | - | - | €896 | €1,321 | €706 | €311 | €917 | ▲ 195% |
| Leasing and similar rights25 | - | - | - | - | €16,985 | €12,739 | €8,493 | €0 | ▼ 100% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | €0 | - | - | - |
| Current assets29/58 | €187,608 | €150,518 | €136,788 | €118,865 | €50,675 | €44,838 | €37,113 | €22,484 | ▼ 39.4% |
| Stocks and contracts in progress3 | €5,393 | €1,782 | €6,812 | €54,832 | €15,890 | €11,659 | €0 | - | - |
| Stocks30/36 | - | - | - | €4,231 | €4,231 | €0 | - | - | - |
| Contracts in progress37 | - | - | - | €50,601 | €11,659 | €11,659 | €0 | - | - |
| Amounts receivable within one year40/41 | €170,296 | €108,326 | €68,556 | €54,248 | €29,719 | €16,410 | €15,916 | €9,158 | ▼ 42.5% |
| Trade receivables40 | - | - | - | €39,154 | €23,003 | €16,410 | €15,916 | €9,101 | ▼ 42.8% |
| Other amounts receivable41 | - | - | - | €15,094 | €6,716 | €0 | - | €57 | - |
| Cash at bank and in hand54/58 | €9,642 | €6,803 | €5,418 | €9,029 | €5,066 | €15,786 | €21,197 | €13,327 | ▼ 37.1% |
| Deferred charges and accrued income490/1 | - | - | - | €756 | €0 | €983 | €0 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €195,066 | €151,686 | €138,011 | €120,010 | €69,232 | €58,284 | €45,917 | €23,401 | ▼ 49.0% |
| Equity10/15 | €58,586 | €52,171 | €53,874 | €15,605 | -€29,231 | -€44,749 | -€57,620 | -€65,091 | ▼ 13.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €22,945 | €22,945 | €22,945 | €22,945 | €22,945 | €22,945 | €22,945 | €22,945 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | - | €16,745 | €16,745 | €16,745 | €16,745 | €16,745 | = |
| Profit (loss) carried forward14 | -€26,360 | -€32,774 | -€31,071 | -€69,340 | -€114,176 | -€129,694 | -€142,565 | -€150,037 | ▼ 5.2% |
| Amounts payable17/49 | €136,480 | €99,515 | €84,137 | €104,405 | €98,463 | €103,032 | €103,537 | €88,493 | ▼ 14.5% |
| Amounts payable after more than one year17 | - | - | - | - | €9,442 | €4,076 | €0 | - | - |
| Financial debts170/4 | - | - | - | - | €9,442 | €4,076 | €0 | - | - |
| Amounts payable within one year42/48 | €136,480 | €99,515 | €84,137 | €92,525 | €82,956 | €98,956 | €102,667 | €88,493 | ▼ 13.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5,288 | €5,366 | €4,076 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €0 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | - | - | - | €0 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Trade debts44 | €68,714 | €34,024 | €29,326 | €24,886 | €11,098 | €28,678 | €32,833 | €24,202 | ▼ 26.3% |
| Suppliers440/4 | - | - | - | €24,886 | €11,098 | €28,678 | €32,833 | €24,202 | ▼ 26.3% |
| Taxes, remuneration and social security45 | - | - | - | €67,639 | €6,484 | €732 | €1,467 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €55,567 | €0 | €732 | €1,467 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €12,073 | €6,484 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €10,086 | €14,180 | €14,290 | €14,290 | = |
| Accrued charges and deferred income492/3 | - | - | - | €11,880 | €6,065 | €0 | €870 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,528 | -€6,414 | €1,703 | -€38,269 | -€44,836 | -€15,518 | -€12,871 | -€7,471 | ▲ 42.0% |
| + Depreciation and write-downs630 | €6,554 | €6,290 | €1,121 | €424 | €4,754 | €4,862 | €4,641 | €371 | ▼ 92.0% |
| Operating cash flow (approximation) | €16,082 | -€124 | €2,824 | -€37,846 | -€40,082 | -€10,656 | -€8,230 | -€7,100 | ▲ 13.7% |
| Investment in fixed assets (approximation) | - | €0 | -€1,177 | -€345 | -€22,165 | €250 | €0 | €7,515 | - |
| Change in cash | - | -€2,839 | -€1,385 | €3,612 | -€3,963 | €10,720 | €5,411 | -€7,870 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,619 companies had the same profile as STEMA has now. Two years later, 84.5% were still going and 4.5% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of STEMA itself is lower: 0.8% within 12 months. It rests on far more data about STEMA than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for STEMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 28-09-2026 | 2026-00526312 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00315317 | |
| 31-12-2023 | abbreviated format | 12-09-2024 | 2024-00459807 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00390193 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00477187 | |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20296490 | |
| 31-12-2020 | micro format | 16-07-2021 | 2021-36400366 | |
| 31-12-2019 | micro format | 27-10-2020 | 2020-63900049 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-53200075 | |
| 31-12-2017 | abbreviated format | 19-07-2018 | 2018-35300167 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
Owners 1
- Equity €812,851 Profit of €24,871 in 2025 (profit of €77,011 in 2024) Checked score 9499.6%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bauwens Consulting & Partners BV |
|
| Bauwens Johan |
|
| Braet Veronique |
|
Network & group
Companies at the same address
13 other companies- CN Partners Registered office · since 2025 1021246385
- IMMO BETICO Registered office · since 2025 1018953128
- Building Engineering & Technical Installation Contractor SRL Registered office · since 2021 0776597935
- CORPAS CONSULTING Establishment · since 2020 0659658396
- HDL Registered office · since 2019 0817066929
- DEREY Establishment · since 2016 0448166724
- Food Horizon Establishment · since 2014 0550807471
- MG CREATION Registered office · since 2011 0832557928
- LA PASSION DE L'AUTOMOBILE Registered office · since 2010 0822913851
- PROMATI Registered office · since 1997 0420940705
Connections & network
3 current directorsThe network starts from the directors of STEMA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25037F0070/00F000 | Wallonia | 6,489 m² | 1 · 1,210 m² | 11.9 m · 3 |