STEMACO
ActiveSTEMACO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €121k and a net result of €12k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 9520 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▼-14
Solvency49▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.06 in 2023), and 61.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
2 d early
2022
4 d late
2021
2 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€121k▲ 10.6%
2023 · €110k
2019: €61k
2020: €74k
2021: €83k
2022: €96k
2023: €110k
2019 → 2024
Total assets
€313k▲ 3.7%
2023 · €302k
2019: €353k
2020: €337k
2021: €325k
2022: €312k
2023: €302k
2019 → 2024
Net result
€12k▼ 15.0%
2023 · €14k
2019: €9k
2020: €13k
2021: €9k
2022: €13k
2023: €14k
2019 → 2024
Working capital
€-125k▲ 15.0%
2023 · €-147k
2019: €-180k
2020: €-179k
2021: €-155k
2022: €-175k
2023: €-147k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€74k-€83k▲ 12.4%€96k▲ 15.0%€110k▲ 14.3%€121k▲ 10.6%
Operating result€26k-€19k▼ 26.7%€25k▲ 31.9%€21k▼ 17.0%€18k▼ 15.5%
Net result€13k-€9k▼ 30.8%€13k▲ 36.1%€14k▲ 9.1%€12k▼ 15.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 15% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €313k
Fixed assets
€282k▼ 3.6%
Current assets
€31k▲ 220%
Equity and liabilities €313k
Equity
€121k▲ 10.6%
Debt
€192k▼ 0.3%
The debt ratio falls from 63.7% to 61.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€28k▼
2023 · €35k
Cash flow
€22k▼
2023 · €28k
Solvency
38.7%▲
2023 · 36.3%
Current ratio
0.20▲
2023 · 0.06
Quick ratio
0.20▲
2023 · 0.06
Debt / equity
1.58▼
2023 · 1.75
ROE
9.6%▼
2023 · 12.5%
ROA
3.7%▼
2023 · 4.5%
Interest coverage
685.24▲
2023 · 86.05
Debt
€192k▼
2023 · €192k
Debt ≤ 1 year
€157k▼
2023 · €157k
Debt > 1 year
€35k=
2023 · €35k
Income taxes
€6k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€302k€313k▲
Fixed assets21/28€292k€282k▼
Tangible fixed assets22/27€292k€282k▼
Land and buildings22€292k€282k▼
Current assets29/58€10k€31k▲
Amounts receivable within one year40/41€5k€10k▲
Trade receivables40€5k€10k▲
Cash at bank and in hand54/58€5k€22k▲
Equity and liabilities
Total equity and liabilities10/49€302k€313k▲
Equity10/15€110k€121k▲
Contributions10/11€19k€19k=
Reserves13€91k€103k▲
Distributable reserves133€91k€103k▲
Amounts payable17/49€192k€192k▼
Amounts payable after more than one year17€35k€35k=
Financial debts170/4€35k€35k=
Amounts payable within one year42/48€157k€157k▼
Trade debts44€6k€12k▲
Suppliers440/4€6k€12k▲
Advances received on contracts in progress46€1k€1k=
Taxes, remuneration and social security45€7k€201▼
Taxes450/3€7k€201▼
Other amounts payable47/48€143k€143k=
Accrued charges and deferred income492/3-€43
Income statement
Code20232024
Non-recurring operating income76A€79-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€10k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€36k€30k▼
Operating profit (loss)9901€21k€18k▼
Financial charges65/66B€404€41▼
Recurring financial charges65€404€41▼
Profit (loss) for the period before taxes9903€21k€18k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€14k€12k▼
Profit (loss) for the period to be appropriated9905€14k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€12k▼
Transfer to equity691/2€14k€12k▼
To other reserves6921€14k€12k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €14k ▲9.1%
Net result €14k, the highest in the series.
31-12
Financial
Equity above €100kEq €110k ▲14.3%
5 profitable years in a row build equity to €110k.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
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AHWAHNEE
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NEXT Consulting
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Of 24,422 companies in sector 82990 we hold annual accounts for 9,309. 7,100 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-1998
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
52100Warehousing and storage
63122
68110Buying and selling of own real estate
70120
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 07-09-2026. Scores and ratios are computed by Checked and are not a credit decision.