STEMAB

Active Public limited companyfounded 1998active for 27 yearsGentsesteenweg 115A, 8500 KortrijkKBO/BCE: BE 0464.887.148

STEMAB

Follow Report Compare

Overview

Lifetime

20 annual accounts with figures on one time axis, 27 filings since 1999

peak €41,002 (2021)

€31,193▼ 2.5%

lowest -€48,389 (2020)

-€5,849▲ €365

peak €112,082 (2014)

€37,134▼ 13.6%

€464,265▼ 2.5%

Board5 names since 2015

3 directors and 2 others

Documentsfilings and deeds

31-08-202631 days late

2025micro format

Loss of €5,849Equity from €42,983 to €37,134Cash from €2,199 to €3,520

Key points

from the 2025 annual accounts

Equity

€37,134 from €112,082 in 2014

Equity fell by 67% in 11 years.

Losses

-€19,794 in three years

Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.

Debts

€464,265 93% of the balance sheet

After one year 65%Within one year 35%

Of this, €163,509 falls due within a year.

2025 accounts filed 31 days after the deadline

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 1,104 companies had the same profile as STEMAB has now. Each dot stands for 3 companies, two years later.

94.3%

were still trading

3.5%

stopped another way

1.8%

went bankrupt

Small
20 years or older
solvency under 10%
a small loss

Another 0.4% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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	2.9%	3.1%
10	5.6%	6.1%

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 1,104 companies, not a prediction for STEMAB. 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.

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Managing director

Director, since 02-05-2021

Board & ownership

Recent changes

24-12-2021

Registered office moved from Hulste to Kortrijk New registered office: Gentsesteenweg 115 A 2/2, 8500 Kortrijk · Previous registered office: Chrysantenlaan 21, 8531 Hulste · Reappointments: (managing director), , and · Board meeting of 01-03-2021 · Gazette deed

20-11-2020

Registered in the Peppol Directory Reachable for e-invoices through 0208:0464887148

16-04-2019

Registered office moved from Kortrijk to Hulste New registered office: Chrysantenlaan 21 te 8531 Hulste · Previous registered office: Oude-Vestingsstraat 6c te 8500 Kortrijk · Reappointments: (managing director), , and · General meeting of 26-11-2018 · Gazette deed

04-09-2015

4 directors reappointed , , and · General meeting of 02-05-2015 · Gazette deed

All 38 events

Official details

Source: KBO

Status: Active since 17-12-1998Normal situation
Activity: No activity registered in the KBO
Establishment unit: 2.090.723.1528500 Kortrijk, since 14-04-1999
Financial year end: 31 December
Peppol: Reachable since 20-11-2020

Company details

Annual accounts 2025

: €31,193▼ 2.5%
: ≈ €120,000estimated
: €5,849▼ 5.9%
: €37,134▼ 13.6%
: €501,399▼ 3.4%
Filing: Filed on 31-08-2026

Financials

Insights on STEMAB

STEMAB files the micro format. That format states no turnover. The gross margin rose from €16,803 in 2006 to €31,193 in 2025.

The balance sheet grew most from 2019 to 2020 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-08-2026, 31 days late

€31,193

▼ 2.5%

€5,122

▼ 16.4%

-€5,849

▲ €365

-€153,990

▲ €7,126

7.4%

▼ 0.9 percentage points

0.06

▲ 0.01

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €120,000. Estimated: probably between €74,000 and €220,000.

Amounts without an identifiable currency are taken as euros.

Balance sheet

balance sheet total €501,399 on 31-12-2025

What the company ownsHow it is paid for

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	501,399	519,275	538,519	557,437	565,410	583,013	196,143	185,512	189,189	190,863	196,829	201,265	198,976	192,462	189,794	188,646	189,466	194,930	204,200	213,528
`20`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`21/28`	491,880	511,076	530,272	549,468	555,915	574,580	99,769	87,202	97,918	108,634	119,350	130,066	140,781	143,497	153,625	163,753	173,882	184,121	194,361	204,600
`21`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`22/27`	491,880	511,076	530,272	549,468	555,915	574,580	99,769	87,202	97,918	108,634	119,350	130,066	140,781	143,497	153,625	163,753	173,882	184,121	194,361	204,600
`22`	491,880	511,076	530,272	549,468	555,915	574,580	99,769	87,202	97,918	108,634	119,350	130,066	140,781	143,497	153,625	163,753	173,882	184,121	194,361	204,600
`23`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`24`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`26`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`27`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`28`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`29/58`	9,520	8,199	8,247	7,969	9,495	8,433	96,374	98,310	91,271	82,229	77,479	71,199	58,194	48,965	36,169	24,893	15,585	10,809	9,839	8,928
`290`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`291`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`3`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`30/36`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`37`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	6,000	6,000	6,000	6,000	6,000	6,000	6,008	37	1,529	6,862	9,500	5,053	9,500	5,500	-	-	-	-	-	-
`40`	6,000	6,000	6,000	6,000	6,000	6,000	6,000	0	1,500	1,839	-	-	-	5,500	-	-	-	-	-	-
`41`	-	-	-	-	-	0	8	37	29	5,023	9,500	5,053	9,500	-	-	-	-	-	-	-
`50/53`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	3,520	2,199	2,247	1,969	3,495	2,433	90,366	98,273	89,742	75,367	67,979	66,146	48,694	43,465	36,169	20,893	13,404	7,282	6,137	1,865
`490/1`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	4,000	2,181	3,527	3,702	7,063
Balance sheet: equity and liabilities
`10/49`	501,399	519,275	538,519	557,437	565,410	583,013	196,143	185,512	189,189	190,863	196,829	201,265	198,976	192,462	189,794	188,646	189,466	194,930	204,200	213,528
`10/15`	37,134	42,983	49,197	56,929	56,576	47,560	95,950	85,474	88,181	95,965	106,759	112,082	109,793	103,279	100,614	99,463	100,723	99,722	96,653	93,642
`10/11`	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000
`10`	124,000	124,000	124,000	124,000	124,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000
`101`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`11`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`1100/10`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`1109/19`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`12`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`1311`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1312`	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`1313`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`1319`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`133`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`14`	-86,866	-81,017	-74,803	-67,071	-67,424	-76,440	-28,050	-38,526	-35,819	-28,035	-17,241	-11,918	-14,207	-20,721	-23,386	-24,537	-23,277	-24,278	-27,347	-30,358
`15`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`160/5`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`160`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`161`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`162`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`163`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`168`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	464,265	476,292	489,322	500,509	508,834	535,453	100,193	100,038	101,008	94,898	90,070	89,183	89,183	89,183	89,180	89,183	88,743	95,208	107,547	119,886
`17`	260,250	275,250	290,250	305,250	296,250	210,000	-	-	-	-	-	-	-	-	-	-	-	-	-	12,339
`170/4`	260,250	275,250	290,250	305,250	296,250	210,000	-	-	-	-	-	-	-	-	-	-	-	-	-	12,339
`175`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`176`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`178/9`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	163,509	169,315	177,290	180,545	201,106	318,085	94,526	94,523	90,262	89,515	90,070	89,183	89,183	89,183	89,180	89,183	88,743	95,208	107,547	107,547
`42`	15,000	15,000	15,000	15,000	15,000	15,000	0	0	-	-	-	-	-	-	-	-	-	-	12,339	12,339
`43`	-	-	-	-	-	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`430/8`	-	-	-	-	-	100,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`439`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`44`	0	126	505	-	203	72	75	61	875	147	-	-	-	-	-	-	-	-	-	-
`440/4`	0	126	505	-	203	72	75	61	875	147	-	-	-	-	-	-	-	-	-	-
`441`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`46`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`45`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	95,208	-	-
`450/3`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	95,208	-	-
`454/9`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`47/48`	148,509	154,189	161,785	165,545	185,903	203,013	94,451	94,462	89,387	89,367	90,070	89,183	89,183	89,183	89,180	89,183	88,743	-	95,208	95,208
`492/3`	40,506	31,727	21,782	14,714	11,478	7,367	5,667	5,515	10,746	5,383	-	-	-	-	-	-	-	-	-	-
Income statement
`76A`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`9900`	31,193	31,989	27,769	33,912	41,002	19,662	22,270	17,250	12,218	14,077	13,744	16,005	20,024	15,570	14,117	11,802	14,174	16,422	17,157	16,803
`62`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`630`	19,196	19,196	19,196	19,755	18,665	57,858	2,285	10,716	10,716	10,716	10,716	10,716	10,716	10,128	10,128	10,128	10,239	10,240	10,239	10,239
`631/4`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`635/8`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`640/8`	6,876	6,669	6,465	5,857	5,728	4,035	3,783	3,713	3,984	3,583	3,217	3,205	3,168	3,081	2,976	2,916	2,912	2,789	3,056	3,007
`649`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`66A`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`9901`	5,122	6,124	2,108	8,299	16,609	-42,230	16,202	2,821	-2,481	-221	-189	2,083	6,140	2,361	1,013	-1,243	1,022	3,394	3,862	3,557
`75/76B`	0	0	-	-	-	0	0	27	96	153	299	227	385	379	196	17	13	4	5	5
`75`	0	0	-	-	-	0	0	27	96	153	299	227	385	379	196	17	13	4	5	5
`76B`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	10,971	12,339	9,839	7,946	7,593	6,159	5,726	5,555	5,399	10,801	5,400	32	31	31	31	33	32	328	856	1,364
`65`	10,971	12,339	9,839	7,946	7,593	6,159	5,726	5,555	5,399	10,801	5,400	32	31	31	31	33	32	328	856	1,364
`66B`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	-5,849	-6,214	-7,731	353	9,015	-48,389	10,476	-2,707	-7,784	-10,869	-5,290	2,278	6,493	2,709	1,178	-1,259	1,003	3,071	3,011	2,198
`67/77`	0	-	-	-	-	0	0	0	-	-75	33	-11	-20	44	27	1	1	1	-	-
`9904`	-5,849	-6,214	-7,731	353	9,015	-48,389	10,476	-2,707	-7,784	-10,794	-5,323	2,289	6,514	2,665	1,151	-1,260	1,002	3,069	3,011	2,198
`789`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`689`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	-5,849	-6,214	-7,731	353	9,015	-48,389	10,476	-2,707	-7,784	-10,794	-5,323	2,289	6,514	2,665	1,151	-1,260	1,002	3,069	3,011	2,198
Appropriation of the result
`9906`	-86,866	-81,017	-74,803	-67,071	-67,424	-76,440	-28,050	-38,526	-35,819	-28,035	-17,241	-11,918	-14,207	-20,721	-23,386	-24,537	-23,277	-24,278	-27,347	-30,358
`14P`	-81,017	-74,803	-67,071	-67,424	-76,440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`691`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`694`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
`696`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 7 older financial years (1999-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00508370.

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00508370	PDF
31-12-2024	micro format	08-10-2025	2025-00535941	PDF
31-12-2023	micro format	24-10-2024	2024-00513567	PDF
31-12-2022	micro format	07-12-2023	2023-00523917	PDF
31-12-2021	micro format	31-01-2023	2023-00014357	PDF
31-12-2020	micro format	31-08-2021	2021-65300413	PDF
31-12-2019	micro format	30-10-2020	2020-67400573	PDF
31-12-2018	abbreviated format	30-08-2019	2019-59700507	PDF
31-12-2017	micro format	31-08-2018	2018-59800302	PDF
31-12-2016	micro format	30-08-2017	2017-55600302	PDF
31-12-2015	abbreviated format	15-07-2016	2016-32700053	PDF
31-12-2014	abbreviated format	28-08-2015	2015-50000141	PDF
31-12-2013	abbreviated format	28-08-2014	2014-51600276	PDF
31-12-2012	abbreviated format	29-08-2013	2013-50100190	PDF
31-12-2011	abbreviated format	29-08-2012	2012-47700289	PDF
31-12-2010	abbreviated format	26-08-2011	2011-44500565	PDF
31-12-2009	abbreviated format	17-08-2010	2010-41700391	PDF
31-12-2008	abbreviated format	31-07-2009	2009-52700061	PDF
31-12-2007	abbreviated format	30-06-2008	2008-32300089	PDF
31-12-2006	abbreviated format	20-06-2007	2007-25400107	PDF
31-12-2005	abbreviated format	26-06-2006	2006-30501193	PDF
31-12-2004	abbreviated format	07-07-2005	2005-43003423	PDF
31-12-2003	abbreviated format	29-07-2004	2004-54503068	PDF
31-12-2002	abbreviated format	09-07-2003	2003-42104862	PDF
31-12-2001	abbreviated format	04-06-2002	2002-16800074	PDF
31-12-2000	abbreviated format	31-08-2001	2001-53402994	PDF
31-12-1999	abbreviated format	30-06-2000	2000-34405100	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
24,318	25,320	21,304	28,055	35,274	15,628	18,487	13,536	8,235	10,495	10,527	12,799	16,856	12,490	11,141	8,885	11,261	13,633	14,101	13,796
13,347	12,982	11,465	20,108	27,681	9,469	12,761	8,009	2,932	-79	5,393	13,005	17,230	12,793	11,279	8,868	11,241	13,309	13,250	12,437
0	0	0	13,309	0	532,669	14,852	0	0	0	0	0	8,000	0	0	0	0	-0	0	-
1,320	-48	278	-1,526	1,062	-87,933	-7,907	8,531	14,375	7,387	1,833	17,452	5,229	7,296	15,276	7,489	6,121	1,145	4,272	-
-153,990	-161,116	-169,043	-172,576	-191,611	-309,652	1,848	3,787	1,009	-7,286	-12,590	-17,984	-30,989	-40,218	-53,011	-64,290	-73,158	-84,399	-97,708	-98,619
7.4%	8.3%	9.1%	10.2%	10.0%	8.2%	48.9%	46.1%	46.6%	50.3%	54.2%	55.7%	55.2%	53.7%	53.0%	52.7%	53.2%	51.2%	47.3%	43.9%
0.06	0.05	0.05	0.04	0.05	0.03	1.02	1.04	1.01	0.92	0.86	0.80	0.65	0.55	0.41	0.28	0.18	0.11	0.09	0.08
12.50	11.08	9.95	8.79	8.99	11.26	1.04	1.17	1.15	0.99	0.84	0.80	0.81	0.86	0.89	0.90	0.88	0.95	1.11	1.28
-15.8%	-14.5%	-15.7%	0.6%	15.9%	-101.7%	10.9%	-3.2%	-8.8%	-11.2%	-5.0%	2.0%	5.9%	2.6%	1.1%	-1.3%	1.0%	3.1%	3.1%	2.3%
-1.2%	-1.2%	-1.4%	0.1%	1.6%	-8.3%	5.3%	-1.5%	-4.1%	-5.7%	-2.7%	1.1%	3.3%	1.4%	0.6%	-0.7%	0.5%	1.6%	1.5%	1.0%
2.22	2.05	2.17	3.53	4.65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€13,309	-
	€19,196	€19,196	€19,196	€19,755	€18,665

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on STEMAB

The operating result for 2025 is 16% lower than in 2024.

Debt's share of the balance-sheet total rises from 91.7% to 92.6%. Equity and debt are lower.

Board & ownership

Board

3 directors, 1 in day-to-day management

Director

since 02-05-2021 6-year term from 2021

listed in the 2025 annual accounts, filed on 31-08-2026

Director

since 02-05-2021 6-year term from 2021

listed in the 2025 annual accounts, filed on 31-08-2026

Director

since 02-05-2021 6-year term from 2021

listed in the 2025 annual accounts, filed on 31-08-2026

Managing director

in office according to the deed of 24-12-2021 6-year term from 2021

Office holders in the KBO →

Mandates through the years

5 names, the dashed line is today

Director

Managing director

LeadershipBoardEarlierRest of the termmandate already running before its first mentionend not dated

Mandates as a list

- Director, since before 04-09-2015
- Director, since before 04-09-2015
- Director, since before 04-09-2015
- Managing director, from 02-05-2021 to date
- Director, from before 04-09-2015, last mentioned in 2015
- Managing director, from before 16-04-2019, last mentioned in 2019

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Capital: €124,000
Source: 2025 annual accounts

Network & group

No group

STEMAB has no parent and no holdings in its annual accounts. STEMAB shares no director with another company.

Timeline

38 events since 1998

Board

Filings

Financial

Establishments

Address

200020052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

31-08-2026

Annual accounts 2025 filed NBBmicro format · 31 days late

2025

08-10-2025

Annual accounts 2024 filed PDFmicro format · 69 days late

2024

24-10-2024

Annual accounts 2023 filed PDFmicro format · 85 days late

2023

07-12-2023

Annual accounts 2022 filed PDFmicro format · 129 days late

31-01-2023

Annual accounts 2021 filed PDFmicro format · 184 days late

2021

31-12-2021

Back to profit net €9,015 The net result is €9,015, after one loss-making year.

24-12-2021

Registered office moved from Hulste to KortrijkNew registered office: Gentsesteenweg 115 A 2/2, 8500 Kortrijk · Previous registered office: Chrysantenlaan 21, 8531 Hulste · Reappointments: (managing director), , and · Board meeting of 01-03-20217 points ▸

Board meeting, 01-03-2021
Registered-office move, Gentsesteenweg 115 A 2/2, 8500 Kortrijk
General meeting, 01-03-2021
Director reappointment, (managing director)
Director reappointment,
Director reappointment,
Director reappointment,

Open the deed in the Belgian Official Gazette

31-08-2021

Annual accounts 2020 filed PDFmicro format · 31 days late

2020

31-12-2020

Weakest financial year net -€48,389 The net result drops to -€48,389, the lowest from 2006 to 2025. It recovers the following year.

20-11-2020

Registered in the Peppol Directory Reachable for e-invoices through 0208:0464887148

30-10-2020

Annual accounts 2019 filed PDFmicro format · 91 days late

2019

31-12-2019

Back to profit net €10,476 The net result is €10,476, after 4 loss-making years.

30-08-2019

Annual accounts 2018 filed PDFabbreviated format · 30 days late

16-04-2019

Registered office moved from Kortrijk to HulsteNew registered office: Chrysantenlaan 21 te 8531 Hulste · Previous registered office: Oude-Vestingsstraat 6c te 8500 Kortrijk · Reappointments: (managing director), , and · General meeting of 26-11-20186 points ▸

General meeting, 26-11-2018
Registered-office move, Chrysantenlaan 21 te 8531 Hulste
Director reappointment, (managing director)
Director reappointment,
Director reappointment,
Director reappointment,

Open the deed in the Belgian Official Gazette

2018

31-08-2018

Annual accounts 2017 filed PDFmicro format · 31 days late

2017

30-08-2017

Annual accounts 2016 filed PDFmicro format · 30 days late

2016

15-07-2016

Annual accounts 2015 filed PDFabbreviated format · 16 days before the deadline

2015

04-09-2015

4 directors reappointed, , and · General meeting of 02-05-20156 points ▸

General meeting, 02-05-2015
Director reappointment,
Director reappointment,
Director reappointment,
Director reappointment,
Board meeting, 02-05-2015
The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

28-08-2015

Annual accounts 2014 filed PDFabbreviated format · 28 days late

2014

28-08-2014

Annual accounts 2013 filed PDFabbreviated format · 28 days late

2013

29-08-2013

Annual accounts 2012 filed PDFabbreviated format · 29 days late

2012

29-08-2012

Annual accounts 2011 filed PDFabbreviated format · 29 days late

2011

31-12-2011

Back to profit net €1,151 The net result is €1,151, after one loss-making year.

26-08-2011

Annual accounts 2010 filed PDFabbreviated format · 26 days late

2010

17-08-2010

Annual accounts 2009 filed PDFabbreviated format · 17 days late

2009

31-12-2009

Equity above €100,000 equity €100,723 ▲1% With a profit in every financial year since 2006, equity grows to €100,723.

31-07-2009

Annual accounts 2008 filed PDFabbreviated format · on the deadline day

2008

30-06-2008

Annual accounts 2007 filed PDFabbreviated format · 31 days before the deadline

2007

20-06-2007

Annual accounts 2006 filed PDFabbreviated format · 41 days before the deadline

2006

26-06-2006

Annual accounts 2005 filed PDFabbreviated format

2005

07-07-2005

Annual accounts 2004 filed PDFabbreviated format

2004

29-07-2004

Annual accounts 2003 filed PDFabbreviated format

2003

09-07-2003

Annual accounts 2002 filed PDFabbreviated format

2002

04-06-2002

Annual accounts 2001 filed PDFabbreviated format

2001

31-08-2001

Annual accounts 2000 filed PDFabbreviated format

2000

30-06-2000

Annual accounts 1999 filed PDFabbreviated format

1999

14-04-1999

First establishment Oude-Vestingsstraat 6 C, Kortrijk

1998

17-12-1998

Incorporation published on 30-12-1998

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 17 December 1998, STEMAB was incorporated.¹ The registered office moved to Hulste in 2019 and to Kortrijk in 2021.²³ Total assets went from €185,512 in 2018 to €501,399 in 2025.⁴

Company details

Identity

Enterprise number: 0464.887.148
VAT number: BE 0464.887.148
Peppol ID: 0208:0464887148
Legal form: Public limited company
Status: Active, normal situation
Founded: 17-12-1998
Financial year: ends on 31 December
Peppol: Reachable since 20-11-2020Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: STEMAB in Dutch
Entity type: Legal entity

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Gentsesteenweg 115A registered office 8500 Kortrijk
Oude-Vestingsstraat 6 C 8500 Kortrijk 68201 Renting and operating of own or leased residential real estate, excluding social housing	14-04-1999	2.090.723.152

2 former offices

Chrysantenlaan 21, 8531 Hulste until 01-03-2021 · deed of 24-12-2021
Oude-Vestingsstraat 6c, 8500 Kortrijk until 26-11-2018 · deed of 16-04-2019

Buildings and parcels at the addresses

Ground area: 3,772 m²
Buildings: 1,185 m²
Volume, LiDAR: 12,104 m³
Tallest building: 21.3 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

Parcels

Cadastral parcel	Area	Buildings	Height / floors
34353B0036/00S005	2,959 m²	1 · 372 m²	17.1 m · 4
34022G0301/00N000	813 m²	1 · 813 m²	21.3 m · 3

Overview

Lifetime

Key points

Equity

Losses

Debts

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Official details

Annual accounts 2025

Insights on STEMAB

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on STEMAB

Board & ownership

Board

Mandates through the years

Control

Capital

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Registered office and establishments

Buildings and parcels at the addresses

Location

Parcels

in euro

in euro