Equity
€552,952 ▲ 28.6%
STEMACO has made a profit without a break since 2023.
STEMACO
Overview
Lifetime
8 annual accounts with figures on one time axispeak €190,535 (2025)
€190,535▲ 18×
lowest -€12,017 (2018)
€122,908▲ 70×
peak €552,952 (2025)
€552,952▲ 28.6%
€464,950▲ 23×
Board1 name since 2018
1 director
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €10,634 to €190,535Result from €1,751 to €122,908Equity from €430,045 to €552,952Debts from €20,211 to €464,950Investments €338,322Cash from €4,502 to €245,837
Key points
from the 2025 annual accountsResult
€122,908 ▲ 70×
The result rose in 2025 from €1,751 to €122,908.
Turnover
≈ €480,000 estimated
The micro format states no turnover.
Investments
€432,320 21.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 84.8% higher than in 2024.
Liquidity
0.85 was 8.49 in 2024
Short-term debts rose from €11,456 to €451,494.
Filings
8 annual accounts since 2018
The last five annual accounts were filed 32 to 57 days before the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,783 companies had the same profile as STEMACO has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
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.
| 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 6,783 companies, not a prediction for STEMACO. 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
Recent changes
Change of role: , from manager to director
General meeting of 07-12-2023 · Gazette deed
First establishment
Tongerlostraat 131, Westerlo
Incorporation
Founding capital of €18,550 · Founder: · Appointment: (manager) · published on 26-04-2018 · Gazette deed
Official details
Source: KBO- Status
- Active since 12-04-2018Normal situation
- Activity
- “Alle welk danige verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management…” (deed in Dutch)From the articles, 12 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.275.613.8622260 Westerlo, since 16-04-2018
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €190,535▲ 18×
- €122,908▲ 70×
- €552,952▲ 28.6%
- €1.1m▲ 128%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on STEMACO
STEMACO files the micro format. That format states no turnover. The gross margin rose from -€3,368 in 2018 to €190,535 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-06-2026, 32 days before the deadline€190,535
▲ 18×
€167,344
▲ €167,401
€187,817
▲ 24×
€143,381
▲ 15×
51.5%
▼ 39.7 percentage points
0.85
▼ 7.64
Money flows
no detail for 2025Balance sheet
balance sheet total €1.1m on 31-12-2025What the company ownsHow it is paid for
in 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 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
1.1m | 471,950 | 465,522 | 465,023 | 473,830 | 459,295 | 464,847 | 480,293 | |
21/28 |
692,593 | 374,743 | 382,655 | 390,566 | 398,478 | 439,615 | 447,526 | 455,438 | |
22/27 |
692,593 | 374,743 | 382,655 | 390,566 | 398,478 | 439,615 | 447,526 | 455,438 | |
22 |
692,593 | 374,743 | 382,655 | 390,566 | 398,478 | 439,615 | 447,526 | 455,438 | |
29/58 |
381,711 | 97,207 | 82,867 | 74,457 | 75,352 | 19,681 | 17,321 | 24,855 | |
40/41 |
38,600 | - | - | - | - | - | - | - | |
40 |
38,600 | - | - | - | - | - | - | - | |
50/53 |
97,275 | 92,705 | 77,701 | 72,334 | 39,459 | - | - | - | |
54/58 |
245,837 | 4,502 | 5,166 | 2,123 | 35,893 | 19,681 | 17,210 | 23,896 | |
490/1 |
- | - | - | - | - | - | 111 | 959 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
1.1m | 471,950 | 465,522 | 465,023 | 473,830 | 459,295 | 464,847 | 480,293 | |
10/15 |
552,952 | 430,045 | 428,294 | 427,256 | 435,710 | 340,111 | 336,189 | 333,244 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | - | |
10 |
- | - | - | - | - | - | - | 18,550 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | |
13 |
534,402 | 411,495 | 409,744 | 408,706 | 417,160 | 92,849 | 92,408 | 97,199 | |
130/1 |
- | - | - | 7,179 | 7,179 | 7,179 | - | - | |
130 |
- | - | - | - | - | - | 7,179 | 7,179 | |
1311 |
- | - | - | 7,179 | 7,179 | 7,179 | - | - | |
132 |
169,204 | 65,084 | 70,363 | 75,465 | 80,568 | 85,670 | 85,229 | 90,020 | |
133 |
365,198 | 346,411 | 339,381 | 326,062 | 329,414 | - | - | - | |
14 |
- | - | - | - | - | 228,713 | 225,232 | 217,495 | |
16 |
56,401 | 21,695 | 23,454 | 25,155 | 26,856 | 28,557 | 35,801 | 37,813 | |
168 |
56,401 | 21,695 | 23,454 | 25,155 | 26,856 | 28,557 | 35,801 | 37,813 | |
17/49 |
464,950 | 20,211 | 13,774 | 12,611 | 11,264 | 90,627 | 92,857 | 109,236 | |
42/48 |
451,494 | 11,456 | 11,431 | 12,264 | 11,264 | 89,628 | 92,857 | 107,546 | |
42 |
- | - | - | - | - | - | - | 2,631 | |
44 |
432,320 | - | - | 306 | 543 | 1,241 | - | 1,808 | |
440/4 |
432,320 | - | - | 306 | 543 | 1,241 | - | 1,808 | |
45 |
11,317 | 3,599 | 3,574 | 4,101 | 2,864 | 530 | - | 10,250 | |
450/3 |
11,317 | 3,599 | 3,574 | 4,101 | 2,864 | 530 | - | 10,250 | |
47/48 |
7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 87,857 | 92,857 | 92,857 | |
492/3 |
13,456 | 8,755 | 2,343 | 348 | - | 1,000 | - | 1,690 | |
| Income statement | |||||||||
70 |
- | - | - | - | - | - | - | 15,822 | |
76A |
- | - | - | - | 141,775 | - | - | - | |
9900 |
190,535 | 10,634 | 8,620 | 11,733 | 152,339 | 7,803 | 10,022 | -3,368 | |
60/61 |
- | - | - | - | - | - | - | 19,190 | |
630 |
20,473 | 7,912 | 7,912 | 7,912 | 7,912 | 7,912 | 7,912 | 7,912 | |
640/8 |
2,718 | 2,780 | 2,929 | 2,445 | 2,401 | 2,384 | 2,389 | 2,044 | |
9901 |
167,344 | -57 | -2,221 | 1,377 | 142,026 | -2,493 | -279 | -13,324 | |
75/76B |
- | - | - | - | - | - | 5 | 20 | |
75 |
- | - | - | - | - | - | 5 | 20 | |
65/66B |
512 | -3,648 | -3,366 | 9,765 | 594 | 303 | 155 | 722 | |
65 |
512 | -3,648 | -3,366 | 9,765 | 594 | 303 | 155 | 722 | |
9903 |
166,832 | 3,590 | 1,145 | -8,388 | 141,433 | -2,795 | -428 | -14,026 | |
780 |
13,044 | 1,760 | 1,701 | 1,701 | 1,701 | - | - | 2,012 | |
680 |
47,751 | - | - | - | - | - | - | - | |
67/77 |
9,218 | 3,599 | 1,808 | 1,766 | 47,535 | 527 | -1,362 | 3 | |
9904 |
122,908 | 1,751 | 1,038 | -8,454 | 95,599 | -1,621 | 2,946 | -12,017 | |
789 |
39,131 | 5,279 | 5,102 | 5,102 | 5,102 | 5,102 | 4,791 | 4,791 | |
689 |
143,252 | - | - | - | - | - | - | - | |
9905 |
18,787 | 7,030 | 6,140 | -3,351 | 100,701 | 3,481 | 7,737 | -7,226 | |
| Appropriation of the result | |||||||||
9906 |
18,787 | 7,030 | 6,140 | -3,351 | 329,414 | 228,713 | 225,232 | 217,495 | |
14P |
- | - | - | - | 228,713 | - | - | 224,721 | |
791/2 |
- | - | - | 3,351 | - | - | - | - | |
691/2 |
18,787 | 7,030 | 6,140 | - | 329,414 | - | - | - | |
6921 |
18,787 | 7,030 | 6,140 | - | 329,414 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 7 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 29-06-2026.
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 | 29-06-2026 | 2026-00215931 | |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00146848 | |
| 31-12-2023 | micro format | 04-06-2024 | 2024-00108788 | |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00109261 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20078105 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-26400156 | |
| 31-12-2019 | micro format | 03-06-2020 | 2020-14500054 | |
| 31-12-2018 | micro format | 11-06-2019 | 2019-17100397 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 187,817 | 7,854 | 5,691 | 9,288 | 149,938 | 5,419 | 7,633 | -5,412 | ||
| 143,381 | 9,662 | 8,949 | -542 | 103,510 | 6,290 | 10,857 | -4,105 | ||
| 432,320 | 0 | 0 | 0 | -33,225 | 0 | -0 | 621,132 | ||
| 241,335 | -664 | 3,043 | -33,770 | 16,213 | 2,471 | -6,686 | - | ||
| -69,782 | 85,750 | 71,437 | 62,193 | 64,088 | -69,947 | -75,536 | -82,691 | ||
| - | - | - | - | - | - | - | -84.2% | ||
| 51.5% | 91.1% | 92.0% | 91.9% | 92.0% | 74.1% | 72.3% | 69.4% | ||
| 0.85 | 8.49 | 7.25 | 6.07 | 6.69 | 0.22 | 0.19 | 0.23 | ||
| 0.84 | 0.05 | 0.03 | 0.03 | 0.03 | 0.27 | 0.28 | 0.33 | ||
| 22.2% | 0.4% | 0.2% | -2.0% | 21.9% | -0.5% | 0.9% | -3.6% | ||
| 11.4% | 0.4% | 0.2% | -1.8% | 20.2% | -0.4% | 0.6% | -2.5% | ||
| over 100 | -2.15 | -1.69 | 0.95 | over 100 | - | - | -7.50 | ||
| - | - | - | - | - | - | - | 34 days |
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 | €432,320 | - | - | - | - |
| €20,473 | €7,912 | €7,912 | €7,912 | €7,912 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on STEMACO
The operating result for 2025 is a profit of €167,344, after a loss of €57 in 2024. It is the highest result since 2018.
Debt's share of the balance-sheet total rises from 4.3% to 43.3%. Equity and debt are higher.
Board & ownership
Board
1 director, no change since 2023Director (not named in the articles)
appointed by deed of 13-12-2023
listed in the 2025 annual accounts, filed on 29-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 13-12-2023
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
BoardEarlier
Mandates as a list
-
- Manager, appointed by deed of 26-04-2018, until 13-12-2023
- Director (not named in the articles), appointed by deed of 13-12-2023, still in office
Control
Founder
This company
STEMACO
Equity €552,952
Profit €122,908 in 2025
Capital
- Contribution
- €18,550
- Source
- 2025 annual accounts
Articles of association
deed of 13-12-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 1,250 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 14:00
Founder
At incorporation
deed of 26-04-2018 ↗
- sole founder · 100% at incorporation
Capital transactions
Capital over time
- 13-12-2023 Converted to unavailable equity · €25,728.79
- 26-04-2018 Incorporation · €18,550
Network & group
No group
STEMACO has no parent and no holdings in its annual accounts. is the only director. STEMACO shares no director with another company.
Timeline
Timeline
17 events since 2018Board
Filings
Financial
Establishments
20182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 32 days before the deadline
2025
Highest result from 2018 to 2025 net €122,908 ▲6,921% The operating result of €167,344 and the net result of €122,908 are both a record.
Equity above €500,000 equity €552,952 ▲28.6% After 3 profitable years in a row, equity reaches €552,952.
Annual accounts 2024 filed PDFmicro format · 44 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 57 days before the deadline
2023
Back to profit net €1,038 The net result is €1,038, after one loss-making year.
Change of role: , from manager to directorGeneral meeting of 07-12-20235 points ▸
- General meeting, 07-12-2023
- Power of attorney,
- Director resignation, (manager)
- Director appointment, (director (not named in the articles))
- Registered office clause, Tongerlostraat 131, 2260 Westerlo
- The deed holds 7 more points.
Annual accounts 2022 filed PDFmicro format · 55 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 40 days before the deadline
2021
Back to profit net €95,599 The net result is €95,599, after one loss-making year.
Liquidity more than 30 times current ratio 6.69 The current ratio rises from 0.22 to 6.69. Short-term debt falls from €89,628 to €11,264.
Annual accounts 2020 filed PDFmicro format · 33 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 58 days before the deadline
2019
Back to profit net €2,946 The net result is €2,946, after one loss-making year.
Annual accounts 2018 filed PDFmicro format · 50 days before the deadline
2018
First establishment Tongerlostraat 131, Westerlo
IncorporationFounding capital of €18,550 · Founder: · Appointment: (manager) · published on 26-04-20185 points ▸
- Founder,
- Capital, €18,550, 1,250 shares
- Founding capital, €18,550
- Director appointment, (manager)
- Permanent representative,
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0694.776.158
- VAT number
- BE 0694.776.158
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-04-2018
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June at 14:00deed of 13-12-2023 (in Dutch)
- Peppol
- Not found in the Peppol Directory
- Name
- STEMACO in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-12-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 13-12-2023 (in Dutch)
Activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Alle welk danige verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management en consultancy in…”deed of 13-12-2023 (in Dutch)
12 activities
- Alle welk danige verrichtingen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op management en consultancy in de meest ruime betekenis van het woord,omvattend-doch geenszins beperkt tot-het uitvoeren van alle studies en onderzoeken alsmede het verlenen van alle adviezen en alle bijstand inzake het geheel of enig deelaspect van het bestuur,directie,de controle en de vereffening van vennootschappen,ondernemingen,bedrijvigheden en verenigingen zonder onderscheid.
- Het optreden als studie-,organisatie-,raadgevend en beherend bureau inzake zowel de in onderhavig artikel vermelde aangelegenheden,als inzake financiële,handels-,fiscale of sociale aangelegenheden,zowel ten behoeve van vennootschappen,ondernemingen,bedrijvigheden,openbare besturen,verenigingen en particulieren.
- Het nemen van participaties in ondernemingen,al dan niet Belgische,in alle sectoren van de industrie,handel of diensten.Dit omvat onder meer kapitaalverschaffing aan bestaande of nog op te richten vennootschappen of ondernemingen en ook investeringen in toekomstgerichte projecten met hogere risicograad.De vennootschap kan participaties verwerven door aankoop of enigeandere rechtsgeldige wijze van verwerving.Zij kan haar participaties beheren,valoriseren en ten gelde maken.
- Het waarnemen van bestuurs-en vereffeningsmandaten in om Belgische of buitenlandse,reeds bestaande of nog op te richten vennootschap.Zij mag het bestuur en de vereffening waarnemen in alle vennootschappen waarmee rechtstreeks of onrechtstreeks een band van deelneming bestaat,of die verwant zijn met haar aandeelhouders of bestuurders.Meer in het bijzonder kan de vennootschap ondernemingen waarin zij participeert of onrechtstreeks belang bij heeft,mee besturen en toezicht uitoefenen op de bedrijfsvoering teneinde de ontwikkeling en de realisatie van het voorwerp van deze ondernemingen te stimuleren en te coördineren.
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren onder om het even welke vorm,het borg stellen of aval verlenen in de meest ruime zin,het dekken van risico's voortspruitend uit schommelingen van de wisselkoersen en intrestvoeten,kortom:het verrichten van alle handels-en financiële operaties behalve die wettelijk voorbehouden zijn aan de houders van deposito's op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.Meer in het bijzonder kan de vennootschap alle leningen,van gelijke welke vorm(onder andere onder vorm van converteerbare obligatieleningen)en voor gelijk welke duur toestaan de vennootschappen waarmee rechtstreeks of onrechtstreeks een band van deelneming bestaat,of persoonlijk of zakelijke zekerheden voor deze vennootschappen.
- De uitbouw van een roerend patrimonium,het beleggen of wederbeleggen van alle beschikbare middelen onder welke vorm ook,onder andere door het participeren door middel van fusie,inschrijving,deelname of verkrijging van aandelen,in alle bestaande of nog op te richten Belgische of buitenlande vennootschappen,het aankopen van aandelen in alle bestaande of nog op te richten Belgische of buitenlandse vennootschappen,het aankopen van obligaties of kasbons,en dergelijke,en het beheer van deze roerende waarden.
- Het beheer van een onroerend patrimonium zowel in volle eigendom,vruchtgebruik als blote eigendom als onder de vorm van alle andere onroerende zakelijke rechten zoals onder meer erfpacht-en opstalrechten.Onder het beheer wordt verstaan:de aankoop,(onder)verhuring,leasing,uitrusting,inrichten,uitbaten,verbouwen,gratis ter beschikking stelling en vervreemding,als ook het verschaffen van voordelen aan haar zaakvoerders of vennoten om de werking van de vennootschap te bevorderen.
- Het verlenen van financiële,administratieve,commerciële,juridische fiscale,technische en consultatieve bijstand aan ondernemingen en natuurlijke personen,en het uitvoeren van alle hiertoe strekkende handelstransacties,verrichtingen,inclusief het verlenen van voorschotten,overname van vorderingen,intekenen op obligaties,waarborgverstrekking,verlenen van managementadvies en aanverwante verrichtingen,en dit zelfs zonder enige participatie in het maatschappelijk kapitaal van de bedoelde personen en ondernemingen te hebben.
- Projectontwikkeling;
- Tussenpersoon in de handel;
- Coördinator van bouwwerkzaamheden;
- Het ontwikkelen en kopen,verkopen,beheer,valoriseren,in licentie nemen of geven van brevetten,octrooien,knowhow en andere intellectuele rechten.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Tongerlostraat 131 registered office 2260 Westerlo 68110 Buying and selling of own real estate | 16-04-2018 | 2.275.613.862 |
Buildings and parcels at the address
- Ground area
- 611 m²
- Buildings
- 216 m²
- Volume, LiDAR
- 4 m³
- Tallest building
- 0.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13028C0105/00E000 | 611 m² | 1 · 216 m² | 0.7 m |