STEMACO
ActiveSummary
STEMACO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €430,045 and a net result of €1,751. Equity is growing by ~4.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
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Signals
This company filed its last 6 accounts on average 48 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 1,639 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €141,775 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,912 | €7,912 | €7,912 | €7,912 | €7,912 | = |
| Other operating charges640/8 | - | €2,401 | €2,445 | €2,929 | €2,780 | ▼ 5.1% |
| Gross operating margin9900 | €7,803 | €152,339 | €11,733 | €8,620 | €10,634 | ▲ 23.4% |
| Operating profit (loss)9901 | -€2,493 | €142,026 | €1,377 | -€2,221 | -€57 | ▲ 97.4% |
| Financial charges65/66B | - | €594 | €9,765 | -€3,366 | -€3,648 | ▼ 8.4% |
| Recurring financial charges65 | €303 | €594 | €9,765 | -€3,366 | -€3,648 | ▼ 8.4% |
| Profit (loss) for the period before taxes9903 | -€2,795 | €141,433 | -€8,388 | €1,145 | €3,590 | ▲ 214% |
| Transfer from deferred taxes780 | - | €1,701 | €1,701 | €1,701 | €1,760 | ▲ 3.5% |
| Income taxes67/77 | €527 | €47,535 | €1,766 | €1,808 | €3,599 | ▲ 99.1% |
| Profit (loss) for the period9904 | -€1,621 | €95,599 | -€8,454 | €1,038 | €1,751 | ▲ 68.7% |
| Transfer from tax-exempt reserves789 | - | €5,102 | €5,102 | €5,102 | €5,279 | ▲ 3.5% |
| Profit (loss) for the period to be appropriated9905 | €3,481 | €100,701 | -€3,351 | €6,140 | €7,030 | ▲ 14.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €459,295 | €473,830 | €465,023 | €465,522 | €471,950 | ▲ 1.4% |
| Fixed assets21/28 | €439,615 | €398,478 | €390,566 | €382,655 | €374,743 | ▼ 2.1% |
| Tangible fixed assets22/27 | €439,615 | €398,478 | €390,566 | €382,655 | €374,743 | ▼ 2.1% |
| Land and buildings22 | - | €398,478 | €390,566 | €382,655 | €374,743 | ▼ 2.1% |
| Current assets29/58 | €19,681 | €75,352 | €74,457 | €82,867 | €97,207 | ▲ 17.3% |
| Current investments50/53 | - | €39,459 | €72,334 | €77,701 | €92,705 | ▲ 19.3% |
| Cash at bank and in hand54/58 | €19,681 | €35,893 | €2,123 | €5,166 | €4,502 | ▼ 12.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €459,295 | €473,830 | €465,023 | €465,522 | €471,950 | ▲ 1.4% |
| Equity10/15 | €340,111 | €435,710 | €427,256 | €428,294 | €430,045 | ▲ 0.4% |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €92,849 | €417,160 | €408,706 | €409,744 | €411,495 | ▲ 0.4% |
| Non-distributable reserves130/1 | - | €7,179 | €7,179 | - | - | - |
| Reserves not available under the articles1311 | - | €7,179 | €7,179 | - | - | - |
| Tax-exempt reserves132 | - | €80,568 | €75,465 | €70,363 | €65,084 | ▼ 7.5% |
| Distributable reserves133 | - | €329,414 | €326,062 | €339,381 | €346,411 | ▲ 2.1% |
| Profit (loss) carried forward14 | €228,713 | - | - | - | - | - |
| Provisions and deferred taxes16 | €28,557 | €26,856 | €25,155 | €23,454 | €21,695 | ▼ 7.5% |
| Deferred taxes168 | - | €26,856 | €25,155 | €23,454 | €21,695 | ▼ 7.5% |
| Amounts payable17/49 | €90,627 | €11,264 | €12,611 | €13,774 | €20,211 | ▲ 46.7% |
| Amounts payable within one year42/48 | €89,628 | €11,264 | €12,264 | €11,431 | €11,456 | ▲ 0.2% |
| Trade debts44 | €1,241 | €543 | €306 | - | - | - |
| Suppliers440/4 | - | €543 | €306 | - | - | - |
| Taxes, remuneration and social security45 | - | €2,864 | €4,101 | €3,574 | €3,599 | ▲ 0.7% |
| Taxes450/3 | - | €2,864 | €4,101 | €3,574 | €3,599 | ▲ 0.7% |
| Other amounts payable47/48 | - | €7,857 | €7,857 | €7,857 | €7,857 | = |
| Accrued charges and deferred income492/3 | - | - | €348 | €2,343 | €8,755 | ▲ 274% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,621 | €95,599 | -€8,454 | €1,038 | €1,751 | ▲ 68.7% |
| + Depreciation and write-downs630 | €7,912 | €7,912 | €7,912 | €7,912 | €7,912 | = |
| Operating cash flow (approximation) | €6,290 | €103,510 | -€542 | €8,949 | €9,662 | ▲ 8.0% |
| Investment in fixed assets (approximation) | - | €33,225 | €0 | €0 | €0 | - |
| Change in cash | - | €16,213 | -€33,770 | €3,043 | -€664 | ▼ 122% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13028C0105/00E000 | Flanders | 611 m² | 1 · 216 m² | 0.7 m |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.