STEMABE
Annual accounts 2025
micro format, filed on 02-06-2026, 59 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €110,000 and €320,000.
Balance sheet
balance sheet total €374,180 on 31-12-2025in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 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 |
374,180 | 401,874 | 419,398 | 447,996 | 465,607 | 479,067 | 467,875 | 384,222 | 234,274 | 232,455 | 230,210 | 239,559 | 235,958 | 239,431 | 248,648 | 261,288 | 269,625 | 282,783 | 293,076 | 303,613 | |
21/28 |
345,788 | 369,620 | 388,066 | 389,557 | 410,791 | 429,050 | 449,929 | 296,994 | 192,043 | 204,108 | 216,173 | 213,712 | 224,324 | 234,937 | 246,294 | 257,652 | 269,009 | 280,367 | 291,724 | 303,082 | |
22/27 |
345,658 | 369,490 | 387,936 | 389,427 | 410,661 | 428,920 | 449,799 | 296,994 | 192,043 | 204,108 | 216,173 | 213,712 | 224,324 | 234,937 | 246,294 | 257,652 | 269,009 | 280,367 | 291,724 | 303,082 | |
22 |
43,855 | 49,410 | 54,964 | 60,519 | 66,073 | 71,628 | 77,127 | 82,626 | 88,125 | 93,624 | 99,123 | 104,622 | 110,121 | 115,620 | 121,119 | 126,618 | 132,117 | 137,616 | 143,115 | 148,614 | |
23 |
301,803 | 320,081 | 332,971 | 328,908 | 344,588 | 606 | 682 | - | - | - | - | - | - | - | 407 | 813 | 1,220 | 1,626 | 2,033 | 2,439 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 161 | 322 | 483 | 644 | 805 | 966 | |
26 |
- | - | - | - | 0 | 356,685 | 371,990 | 214,368 | 103,918 | 110,484 | 117,050 | 109,089 | 114,203 | 119,317 | 124,608 | 129,899 | 135,190 | 140,481 | 145,772 | 151,063 | |
28 |
130 | 130 | 130 | 130 | 130 | 130 | 130 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
28,392 | 32,254 | 31,332 | 58,439 | 54,816 | 50,017 | 17,946 | 87,228 | 42,231 | 28,347 | 14,037 | 25,848 | 11,634 | 4,494 | 2,354 | 3,637 | 616 | 2,417 | 1,352 | 531 | |
29 |
- | - | - | - | - | - | - | - | 10,800 | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | - | - | - | 10,800 | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
- | - | - | - | - | - | - | - | - | - | - | 7 | 3 | - | - | - | - | - | - | - | |
41 |
- | - | - | - | - | - | - | - | - | - | - | 7 | 3 | - | - | - | - | - | - | - | |
54/58 |
28,392 | 32,254 | 31,332 | 55,806 | 54,816 | 50,017 | 15,855 | 86,405 | 30,631 | 27,573 | 13,284 | 25,085 | 10,899 | 3,804 | 1,702 | 3,030 | - | 1,536 | 811 | - | |
490/1 |
- | - | 0 | 2,633 | - | 0 | 2,091 | 822 | 800 | 774 | 753 | 756 | 732 | 690 | 652 | 606 | 616 | 881 | 541 | 531 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
374,180 | 401,874 | 419,398 | 447,996 | 465,607 | 479,067 | 467,875 | 384,222 | 234,274 | 232,455 | 230,210 | 239,559 | 235,958 | 239,431 | 248,648 | 261,288 | 269,625 | 282,783 | 293,076 | 303,613 | |
10/15 |
84,007 | 66,101 | 49,626 | 32,800 | 29,149 | 40,516 | 18,976 | 99,530 | 233,859 | 232,063 | 229,842 | 238,939 | 235,704 | 230,608 | 226,370 | 223,575 | 221,470 | 220,935 | 219,924 | 218,714 | |
10/11 |
250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
10 |
250,000 | 250,000 | 250,000 | 250,000 | 250,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | |
14 |
-165,993 | -183,899 | -200,374 | -217,200 | -220,851 | -209,484 | -231,024 | -150,470 | -16,141 | -17,937 | -20,158 | -11,061 | -14,296 | -19,392 | -23,630 | -26,425 | -28,530 | -29,065 | -30,076 | -31,286 | |
17/49 |
290,172 | 335,772 | 369,772 | 415,196 | 436,458 | 438,550 | 448,899 | 284,691 | 415 | 392 | 368 | 620 | 255 | 8,822 | 22,278 | 37,713 | 48,155 | 61,848 | 73,152 | 84,899 | |
17 |
250,000 | 250,000 | 250,000 | 250,000 | 400,000 | 400,000 | 400,000 | 270,000 | - | - | - | - | - | - | - | 13,712 | 29,765 | 44,604 | 58,536 | 71,473 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,712 | 29,765 | 44,604 | 58,536 | 71,473 | |
178/9 |
250,000 | 250,000 | 250,000 | 250,000 | 400,000 | 400,000 | 400,000 | 270,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
40,172 | 85,772 | 119,772 | 154,358 | 3,925 | 22,310 | 32,539 | 11,566 | 286 | 278 | 270 | 525 | 255 | 8,822 | 22,278 | 24,001 | 18,391 | 14,244 | 14,617 | 13,426 | |
42 |
- | - | - | - | - | - | - | 11,566 | - | - | - | - | - | - | 13,712 | 15,844 | 14,840 | 13,931 | 13,078 | 12,912 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27 | - | - | 508 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27 | - | - | 508 | |
44 |
- | - | 0 | 4,586 | 2,917 | 9,302 | 16,098 | - | - | - | - | 262 | - | - | - | - | - | 289 | 1,161 | - | |
440/4 |
- | - | 0 | 4,586 | 2,917 | 9,302 | 16,098 | - | - | - | - | 262 | - | - | - | - | - | 289 | 1,161 | - | |
47/48 |
40,172 | 85,772 | 119,772 | 149,772 | 1,008 | 13,008 | 16,441 | - | 286 | 278 | 270 | 262 | 255 | 8,822 | 8,565 | 8,158 | 3,524 | 24 | 378 | 6 | |
492/3 |
- | - | 0 | 10,838 | 32,533 | 16,240 | 16,360 | 3,125 | 129 | 114 | 98 | 96 | - | - | - | - | - | 3,000 | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
44,521 | 43,884 | 42,714 | 38,924 | 29,160 | 61,781 | -31,549 | -20,475 | 16,851 | 17,212 | 5,741 | 16,566 | 18,561 | 18,626 | 17,908 | 18,126 | 17,660 | 18,891 | 18,836 | 19,327 | |
630 |
23,832 | 23,453 | 22,469 | 21,234 | 21,129 | 20,880 | 20,880 | 14,036 | 12,065 | 12,065 | 12,065 | 10,613 | 10,613 | 11,357 | 11,358 | 11,358 | 11,358 | 11,358 | 11,358 | 11,358 | |
640/8 |
2,723 | 3,901 | 3,323 | 3,029 | 2,965 | 2,946 | 2,909 | 2,922 | 2,805 | 2,758 | 2,614 | 2,589 | 2,565 | 2,506 | 2,435 | 2,394 | 2,394 | 2,310 | 2,276 | 2,755 | |
66A |
- | - | - | - | - | - | 0 | 93,749 | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
17,965 | 16,530 | 16,922 | 14,661 | 5,066 | 37,956 | -55,337 | -131,182 | 1,981 | 2,389 | -8,938 | 3,365 | 5,383 | 4,763 | 4,115 | 4,374 | 3,909 | 5,224 | 5,203 | 5,214 | |
75/76B |
0 | - | - | - | 0 | 0 | - | - | - | - | - | 17 | 11 | 3 | 7 | 105 | 3 | 5 | 3 | 13 | |
75 |
0 | - | - | - | 0 | 0 | - | - | - | - | - | 17 | 11 | 3 | 7 | 105 | 3 | 5 | 3 | 13 | |
65/66B |
60 | 54 | 95 | 11,011 | 16,433 | 16,415 | 16,501 | 3,146 | 185 | 168 | 159 | 147 | 299 | 527 | 1,325 | 2,375 | 3,376 | 4,217 | 3,996 | 4,240 | |
65 |
60 | 54 | 95 | 11,011 | 16,433 | 16,415 | 16,501 | 3,146 | 185 | 168 | 159 | 147 | 299 | 527 | 1,325 | 2,375 | 3,376 | 4,217 | 3,996 | 4,240 | |
9903 |
17,906 | 16,476 | 16,826 | 3,650 | -11,367 | 21,541 | -71,838 | -134,328 | 1,796 | 2,220 | -9,097 | 3,235 | 5,096 | 4,239 | 2,796 | 2,105 | 536 | 1,012 | 1,210 | 987 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1 | 1 | 0 | 0 | 1 | 0 | 2 | |
9904 |
17,906 | 16,476 | 16,826 | 3,650 | -11,367 | 21,541 | -71,838 | -134,328 | 1,796 | 2,220 | -9,097 | 3,235 | 5,096 | 4,238 | 2,795 | 2,105 | 535 | 1,011 | 1,209 | 985 | |
9905 |
17,906 | 16,476 | 16,826 | 3,650 | -11,367 | 21,541 | -71,838 | -134,328 | 1,796 | 2,220 | -9,097 | 3,235 | 5,096 | 4,238 | 2,795 | 2,105 | 535 | 1,011 | 1,209 | 985 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-165,993 | -183,899 | -200,374 | -217,200 | -220,851 | -209,484 | -231,024 | -150,470 | -16,141 | -17,937 | -20,158 | -11,061 | -14,296 | -19,392 | -23,630 | -26,425 | -28,530 | -29,065 | -30,076 | -31,286 | |
14P |
-183,899 | -200,374 | -217,200 | -220,851 | -209,484 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 12 older financial years (1994-2005) 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 02-06-2026 | 2026-00131695 | |
| 31-12-2024 | micro format | 11-06-2025 | 2025-00133510 | |
| 31-12-2023 | micro format | 05-06-2024 | 2024-00114463 | |
| 31-12-2022 | micro format | 02-10-2023 | 2023-00467450 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20363820 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-22200008 | |
| 31-12-2019 | micro format | 29-10-2020 | 2020-66200331 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-25100253 | |
| 31-12-2017 | micro format | 04-06-2018 | 2018-16500399 | |
| 31-12-2016 | full format | 30-06-2017 | 2017-26600288 | |
| 31-12-2015 | full format | 27-07-2016 | 2016-35500105 | |
| 31-12-2014 | full format | 10-08-2015 | 2015-41900304 | |
| 31-12-2013 | full format | 16-07-2014 | 2014-31300416 | |
| 31-12-2012 | full format | 28-08-2013 | 2013-50400043 | |
| 31-12-2011 | full format | 31-08-2012 | 2012-55500350 | |
| 31-12-2010 | full format | 08-08-2011 | 2011-39500150 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-53100373 | |
| 31-12-2008 | full format | 24-08-2009 | 2009-61200005 | |
| 31-12-2007 | full format | 09-07-2008 | 2008-38500204 | |
| 31-12-2006 | full format | 27-08-2007 | 2007-62100128 | |
| 31-12-2005 | full format | 23-08-2006 | 2006-64500056 | |
| 31-12-2004 | full format | 27-07-2005 | 2005-54600079 | |
| 31-12-2003 | full format | 28-07-2004 | 2004-50400278 | |
| 31-12-2002 | full format | 29-07-2003 | 2003-49400057 | |
| 31-12-2001 | full format | 16-07-2002 | 2002-37100290 | |
| 31-12-2000 | full format | 30-10-2001 | 2001-66900036 | |
| 31-12-1999 | full format | 17-08-2000 | 2000-51502546 | |
| 31-12-1998 | full format | 02-09-1999 | 1999-43900712 | |
| 31-12-1997 | full format | 02-09-1999 | 1999-43900698 | |
| 31-12-1996 | full format | 01-09-1999 | 1999-43402197 | |
| 31-12-1995 | full format | 03-07-1997 | 1997-25903890 | |
| 31-12-1994 | full format | 04-07-1995 | 1995-35500270 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 41,798 | 39,983 | 39,391 | 35,895 | 26,195 | 58,836 | -34,457 | -117,146 | 14,046 | 14,454 | 3,127 | 13,978 | 15,996 | 16,120 | 15,472 | 15,732 | 15,266 | 16,582 | 16,560 | 16,572 | ||
| 41,738 | 39,929 | 39,296 | 24,884 | 9,761 | 42,420 | -50,958 | -120,293 | 13,861 | 14,286 | 2,968 | 13,848 | 15,708 | 15,595 | 14,153 | 13,462 | 11,893 | 12,369 | 12,567 | 12,343 | ||
| 0 | 5,007 | 20,978 | 0 | 2,870 | 0 | 182,401 | 212,736 | 0 | 0 | 14,527 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | - | ||
| -3,862 | 921 | -24,473 | 989 | 4,799 | 34,162 | -70,550 | 55,774 | 3,058 | 14,289 | -11,801 | 14,186 | 7,095 | 2,103 | -1,329 | - | - | 725 | - | - | ||
| -11,781 | -53,519 | -88,440 | -95,920 | 50,891 | 27,707 | -14,593 | 75,661 | 41,945 | 28,068 | 13,767 | 25,323 | 11,380 | -4,328 | -19,924 | -20,364 | -17,774 | -11,828 | -13,265 | -12,895 | ||
| 22.5% | 16.4% | 11.8% | 7.3% | 6.3% | 8.5% | 4.1% | 25.9% | 99.8% | 99.8% | 99.8% | 99.7% | 99.9% | 96.3% | 91.0% | 85.6% | 82.1% | 78.1% | 75.0% | 72.0% | ||
| 0.71 | 0.38 | 0.26 | 0.38 | 13.96 | 2.24 | 0.55 | 7.54 | - | - | 51.98 | 49.28 | 45.71 | 0.51 | 0.11 | 0.15 | 0.03 | 0.17 | 0.09 | 0.04 | ||
| 3.45 | 5.08 | 7.45 | 12.66 | 14.97 | 10.82 | 23.66 | 2.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.10 | 0.17 | 0.22 | 0.28 | 0.33 | 0.39 | ||
| 21.3% | 24.9% | 33.9% | 11.1% | -39.0% | 53.2% | -378.6% | -135.0% | 0.8% | 1.0% | -4.0% | 1.4% | 2.2% | 1.8% | 1.2% | 0.9% | 0.2% | 0.5% | 0.5% | 0.5% | ||
| 4.8% | 4.1% | 4.0% | 0.8% | -2.4% | 4.5% | -15.4% | -35.0% | 0.8% | 1.0% | -4.0% | 1.4% | 2.2% | 1.8% | 1.1% | 0.8% | 0.2% | 0.4% | 0.4% | 0.3% | ||
| over 100 | over 100 | over 100 | 3.26 | 1.59 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | - | €5,007 | €20,978 | - | €2,870 |
| Financial fixed assets | €0 | - | - | - | - |
| €23,832 | €23,453 | €22,469 | €21,234 | €21,129 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on STEMABE
The operating result for 2025 is 9% higher than in 2024 and the highest since 2020. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 83.6% to 77.5%. Equity is higher and debt is lower.