Stemaco
ActiveStemaco has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139k and a net result of €80k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 12% of 1272 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+15
Solvency35▲+6
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.34 against 0.25 in 2024; short-term debt: 5.1% and cash: 5.5% of total assets), but 90.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Sector 75
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.8%
Return on assets
5.7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 1272 sector peers (2025).
NBB · sector comparisonPosition among 1272 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-04-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
17 d early
2023
27 d early
2022
13 d early
2021
30 d early
2020
37 d early
2019
27 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€139k▲ 136%
2024 · €59k
2018: €82k
2019: €109k
2020: €130k
2021: €167k
2022: €107k
2023: €157k
2024: €59k
2018 → 2025
Total assets
€1.42M▼ 0.6%
2024 · €1.43M
2018: €155k
2019: €130k
2020: €143k
2021: €214k
2022: €283k
2023: €301k
2024: €1.43M
2018 → 2025
Net result
€80k
2024 · €-98k
2018: €19k
2019: €38k
2020: €27k
2021: €38k
2022: €58k
2023: €56k
2024: €-98k
2018 → 2025
Working capital
€171k
2024 · €-622k
2018: €26k
2019: €57k
2020: €87k
2021: €112k
2022: €44k
2023: €88k
2024: €-622k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€167k-€107k▼ 35.9%€157k▲ 46.0%€59k▼ 62.4%€139k▲ 136%
Operating result€8k-€70k▲ 734%€74k▲ 5.2%€-75k€92k
Net result€38k-€58k▲ 52.4%€56k▼ 2.8%€-98k€80k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €92k after a loss of €75k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.42M
Fixed assets
€1.18M▼ 3.5%
Current assets
€243k▲ 16.6%
Equity and liabilities €1.42M
Equity
€139k▲ 136%
Debt
€1.28M▼ 6.4%
The debt ratio falls from 95.9% to 90.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▲
2024 · €106k
Cash flow
€123k▲
2024 · €84k
Solvency
9.8%▲
2024 · 4.1%
Current ratio
3.34▲
2024 · 0.25
Quick ratio
3.17▲
2024 · 0.24
Debt / equity
9.20▼
2024 · 23.23
ROE
57.7%▲
2024 · -165.9%
ROA
5.7%▲
2024 · -6.8%
Interest coverage
5.69▲
2024 · 5.68
Debt
€1.28M▼
2024 · €1.37M
Debt ≤ 1 year
€73k▼
2024 · €830k
Debt > 1 year
€1.21M▲
2024 · €539k
Income taxes
€4k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.43M€1.42M▼
Fixed assets21/28€1.22M€1.18M▼
Tangible fixed assets22/27€1.21M€1.17M▼
Land and buildings22€1.15M€1.13M▼
Furniture and vehicles24€7k€5k▼
Leasing and similar rights25€54k€33k▼
Financial fixed assets28€7k€7k=
Current assets29/58€209k€243k▲
Stocks and contracts in progress3€9k€13k▲
Stocks30/36€9k€13k▲
Amounts receivable within one year40/41€74k€83k▲
Trade receivables40€56k€77k▲
Other amounts receivable41€18k€6k▼
Current investments50/53€71k€67k▼
Cash at bank and in hand54/58€52k€78k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.43M€1.42M▼
Equity10/15€59k€139k▲
Contributions10/11€25k€25k=
Reserves13€132k€132k=
Distributable reserves133€132k€132k=
Profit (loss) carried forward14€-98k€-17k▲
Amounts payable17/49€1.37M€1.28M▼
Amounts payable after more than one year17€539k€1.21M▲
Financial debts170/4€539k€1.21M▲
Amounts payable within one year42/48€830k€73k▼
Current portion of amounts payable after more than one year42€43k€42k▼
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€15k€6k▼
Taxes450/3€15k€6k▼
Other amounts payable47/48€766k€17k▼
Income statement
Code20242025
Non-recurring operating income76A€95€265▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€182k€43k▼
Other operating charges640/8€4k€7k▲
Non-recurring operating charges66A-€20k
Gross operating margin9900€110k€162k▲
Operating profit (loss)9901€-75k€92k▲
Financial income75/76B€261€17k▲
Recurring financial income75€261€17k▲
Financial charges65/66B€23k€24k▲
Recurring financial charges65€19k€24k▲
Non-recurring financial charges66B€4k€0▼
Profit (loss) for the period before taxes9903€-98k€84k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-98k€80k▲
Profit (loss) for the period to be appropriated9905€-98k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-98k€-17k▲
Profit (loss) brought forward from the previous period14P-€-98k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
30-09
Financial
Liquidity times 13current ratio 3.34
Current ratio from 0.25 to 3.34; short-term debt falls from €830k to €73k.
30-09
Financial
Equity above €100kEq €139k ▲136%
Equity rises from €59k to €139k.
13-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-98k ▼275%
Net result drops to €-98k, the lowest in the series; recovery starts the following year.
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €150kEq €157k ▲46%
6 profitable years in a row build equity to €157k.
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150kEq €167k ▲28.4%
4 profitable years in a row build equity to €167k.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity doublescurrent ratio 8.19
Current ratio from 3.74 to 8.19; short-term debt falls from €21k to €12k.
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity triplescurrent ratio 3.74
Current ratio from 1.38 to 3.74; short-term debt falls from €67k to €21k.
30-09
Financial
Equity above €100kEq €109k ▲32.6%
2 profitable years in a row build equity to €109k.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wielsbeke · 1 establishment unit since 2015
Ground area
4,393 m²
Building footprint
349 m²
Volume, LiDAR
2,142 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MEERSCHMAN MATHIEU
since 20152.249.664.877
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0746/00N000 | Flanders | 2,308 m² | 1 · 168 m² | 9.2 m · 2 fl. |
| 37014C0135/00N000 | Flanders | 2,085 m² | 1 · 181 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.249.664.877
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Of 6,078 companies in sector 75000 we hold annual accounts for 1,950. 1,714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2015
Fiscal year end30-09
Activities, NACEBEL
75000Veterinary services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.