STEMAN
Open bankruptcyA bankruptcy procedure is open for STEMAN according to publications in the Belgian State Gazette; curator: PAUL VAN ROMPAEY.
Summary
The 2021 annual accounts show negative equity (€-182k) and a net result of €9k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 30-08-2022, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
31 d late
2019
265 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€-182k▲ 4.9%
2020 · €-191k
2018: €-17khighest in 4 years
2019: €-254k▼ -1400% vs 2018lowest in 4 years
2020: €-191k▲ +24.7% vs 2019
2021: €-182k▲ +4.9% vs 2020
2018 → 2021
Total assets
€628k▼ 35.7%
2020 · €976k
2018: €1.22Mhighest in 4 years
2019: €1.10M▼ -9.9% vs 2018
2020: €976k▼ -11.3% vs 2019
2021: €628k▼ -35.7% vs 2020lowest in 4 years
2018 → 2021
Net result
€9k▼ 85.0%
2020 · €63k
2018: €-172k
2019: €-237k▼ -38.1% vs 2018lowest in 4 years
2020: €63k▲ +126% vs 2019highest in 4 years
2021: €9k▼ -85.0% vs 2020
2018 → 2021
Working capital
€-185k▼ 0.4%
2020 · €-184k
2018: €-309k
2019: €-525k▼ -69.9% vs 2018lowest in 4 years
2020: €-184k▲ +64.9% vs 2019highest in 4 years
2021: €-185k▼ -0.4% vs 2020
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-17k-€-254k▼ 1,400%€-191k▲ 24.7%€-182k▲ 4.9%
2018: €-17khighest in 4 years
2019: €-254k▼ -1400% vs 2018lowest in 4 years
2020: €-191k▲ +24.7% vs 2019
2021: €-182k▲ +4.9% vs 2020
Operating result€-131k-€-202k▼ 54.0%€166k€-18k
2018: €-131k
2019: €-202k▼ -54.0% vs 2018lowest in 4 years
2020: €166k▲ +182% vs 2019highest in 4 years
2021: €-18k▼ -111% vs 2020
Net result€-172k-€-237k▼ 38.1%€63k€9k▼ 85.0%
2018: €-172k
2019: €-237k▼ -38.1% vs 2018lowest in 4 years
2020: €63k▲ +126% vs 2019highest in 4 years
2021: €9k▼ -85.0% vs 2020
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €18k after €166k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €628k
Fixed assets
€4k =
Current assets
€624k ▼ 35.8%
Key figures and ratios
Solvency
-29.0%▼
2020 · -19.6%
Current ratio
0.77▼
2020 · 0.84
Debt to equity
-4.45
ROA
1.5%▼
2020 · 6.4%
Debt
€810k▼
2020 · €1.17M
Debt ≤ 1 year
€809k▼
2020 · €1.16M
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 40 lines
Balance sheet
Code20202021
Assets
Total assets20/58€976k€628k▼
Fixed assets21/28€4k€4k=
Financial fixed assets28€4k€4k=
Current assets29/58€972k€624k▼
Amounts receivable within one year40/41€969k€617k▼
Trade receivables40-€28k
Other amounts receivable41-€589k
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1-€387
Equity and liabilities
Total equity and liabilities10/49€976k€628k▼
Equity10/15€-191k€-182k▲
Contributions10/11-€100k
Reserves13€55k€55k=
Non-distributable reserves130/1-€3k
Reserves not available under the articles1311-€3k
Distributable reserves133-€52k
Profit (loss) carried forward14€-346k€-337k▲
Amounts payable17/49€1.17M€810k▼
Amounts payable within one year42/48€1.16M€809k▼
Current portion of amounts payable after more than one year42-€200k
Trade debts44€89k€13k▼
Suppliers440/4-€13k
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48-€595k
Accrued charges and deferred income492/3-€387
Income statement
Code20202021
Remuneration, social security and pensions62-€3k
Other operating charges640/8-€855
Gross operating margin9900€299k€-14k▼
Operating profit (loss)9901€166k€-18k▼
Financial income75/76B-€68k
Recurring financial income75€1€663▲
Non-recurring financial income76B-€68k
Financial charges65/66B-€41k
Recurring financial charges65€40k€41k▲
Profit (loss) for the period before taxes9903€63k€9k▼
Profit (loss) for the period9904€63k€9k▼
Profit (loss) for the period to be appropriated9905€63k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-337k
Profit (loss) brought forward from the previous period14P-€-346k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €50k | - | - | - |
| Other operating charges640/8 | - | - | - | €855 | - |
| Gross operating margin9900 | €224k | €84k | €299k | €-14k | ▼ 105% |
| Operating profit (loss)9901 | €-131k | €-202k | €166k | €-18k | ▼ 111% |
| Financial income75/76B | - | - | - | €68k | - |
| Recurring financial income75 | €2k | €2k | €1 | €663 | ▲ 125,070% |
| Non-recurring financial income76B | - | - | - | €68k | - |
| Financial charges65/66B | - | - | - | €41k | - |
| Recurring financial charges65 | €52k | €37k | €40k | €41k | ▲ 1.7% |
| Profit (loss) for the period before taxes9903 | €-172k | €-237k | €63k | €9k | ▼ 85.0% |
| Income taxes67/77 | €-244 | - | - | - | - |
| Profit (loss) for the period9904 | €-172k | €-237k | €63k | €9k | ▼ 85.0% |
| Profit (loss) for the period to be appropriated9905 | €-172k | €-237k | €63k | €9k | ▼ 85.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.22M | €1.10M | €976k | €628k | ▼ 35.7% |
| Fixed assets21/28 | €292k | €271k | €4k | €4k | = |
| Tangible fixed assets22/27 | €289k | €268k | - | - | - |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €929k | €829k | €972k | €624k | ▼ 35.8% |
| Amounts receivable within one year40/41 | €865k | €795k | €969k | €617k | ▼ 36.3% |
| Trade receivables40 | - | - | - | €28k | - |
| Other amounts receivable41 | - | - | - | €589k | - |
| Cash at bank and in hand54/58 | €62k | €32k | €2k | €7k | ▲ 223% |
| Deferred charges and accrued income490/1 | - | - | - | €387 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.22M | €1.10M | €976k | €628k | ▼ 35.7% |
| Equity10/15 | €-17k | €-254k | €-191k | €-182k | ▲ 4.9% |
| Contributions10/11 | €100k | €100k | - | €100k | - |
| Reserves13 | €55k | €55k | €55k | €55k | = |
| Non-distributable reserves130/1 | - | - | - | €3k | - |
| Reserves not available under the articles1311 | - | - | - | €3k | - |
| Distributable reserves133 | - | - | - | €52k | - |
| Profit (loss) carried forward14 | €-172k | €-409k | €-346k | €-337k | ▲ 2.7% |
| Amounts payable17/49 | €1.24M | €1.35M | €1.17M | €810k | ▼ 30.6% |
| Amounts payable within one year42/48 | €1.24M | €1.35M | €1.16M | €809k | ▼ 30.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €200k | - |
| Trade debts44 | €302k | €157k | €89k | €13k | ▼ 85.6% |
| Suppliers440/4 | - | - | - | €13k | - |
| Taxes, remuneration and social security45 | - | - | - | €1k | - |
| Taxes450/3 | - | - | - | €1k | - |
| Other amounts payable47/48 | - | - | - | €595k | - |
| Accrued charges and deferred income492/3 | - | - | - | €387 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-172k | €-237k | €63k | €9k | ▼ 85.0% |
| + Depreciation and write-downs630 | €46k | €50k | - | - | - |
| Operating cash flow (approximation) | €-126k | €-188k | €63k | €9k | ▼ 85.0% |
| Investment in fixed assets (approximation) | - | €-28k | €268k | €0 | ▼ 100% |
| Change in cash | - | €-30k | €-30k | €5k | ▲ 116% |
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
2023
28-08
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 22-08-2023
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 265 days late
2020
31-12
Financial
Back to profitnet €63k
Net result €63k after 2 loss-making years.
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 260 days late
2019
31-12
Financial
Weakest financial yearnet €-237k
Net result drops to €-237k, the lowest in the series.
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Anderlecht · 1 establishment unit since 2014
Ground area
1.8 ha
Building footprint
5,928 m²
Volume, LiDAR
64,208 m³
Parcel 21304B0115/00N002, Brussels · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
Halal Centrum
since 20142.239.264.103
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0115/00N002 | Brussels | 1.8 ha | 1 · 5,928 m² | 16.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PAUL VAN ROMPAEY ZANDBERG,19, 2260 WESTERLO- |
22-08-2023 → present |
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Of 3,042 companies in sector 47221 we hold annual accounts for 1,564. 1,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-05-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
Scores and ratios are computed by Checked and are not a credit decision.