STEMAN
ActiveSTEMAN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.25M and a net result of €222k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 71% of 8623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+3
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 3.31 in 2024; short-term debt: 6.1% and cash: 5.4% of total assets), and 24.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
75.2%
Return on assets
13.3%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 19-03-2026, 134 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
134 d early
2024
118 d early
2023
92 d early
2022
111 d early
2021
123 d early
2020
144 d early
2019
129 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.25M▼ 10.9%
2024 · €1.41M
2018: €992k
2019: €1.07M
2020: €1.11M
2021: €1.06M
2022: €1.23M
2023: €1.33M
2024: €1.41M
2018 → 2025
Total assets
€1.67M▼ 12.3%
2024 · €1.90M
2018: €2.00M
2019: €1.95M
2020: €2.07M
2021: €1.86M
2022: €1.93M
2023: €1.93M
2024: €1.90M
2018 → 2025
Net result
€222k▲ 10.8%
2024 · €200k
2018: €98k
2019: €82k
2020: €123k
2021: €91k
2022: €240k
2023: €215k
2024: €200k
2018 → 2025
Working capital
€86k▼ 65.0%
2024 · €247k
2018: €168k
2019: €156k
2020: €143k
2021: €58k
2022: €194k
2023: €180k
2024: €247k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.06M-€1.23M▲ 16.1%€1.33M▲ 7.9%€1.41M▲ 5.7%€1.25M▼ 10.9%
Operating result€121k-€125k▲ 2.7%€196k▲ 57.3%€209k▲ 6.6%€230k▲ 9.9%
Net result€91k-€240k▲ 164%€215k▼ 10.6%€200k▼ 6.8%€222k▲ 10.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€1.48M▼ 4.3%
Current assets
€188k▼ 46.9%
Equity and liabilities €1.67M
Equity
€1.25M▼ 10.9%
Provisions
€88k▼ 9.1%
Debt
€325k▼ 17.9%
The debt ratio falls from 20.9% to 19.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€297k▲
2024 · €276k
Cash flow
€289k▲
2024 · €267k
Solvency
75.2%▲
2024 · 74.1%
Current ratio
1.85▼
2024 · 3.31
Quick ratio
1.85▼
2024 · 3.31
Debt / equity
0.26▼
2024 · 0.28
ROE
17.7%▲
2024 · 14.2%
ROA
13.3%▲
2024 · 10.5%
Interest coverage
71.34▲
2024 · 53.64
Debt
€325k▼
2024 · €396k
Debt ≤ 1 year
€101k▼
2024 · €107k
Debt > 1 year
€224k▼
2024 · €289k
Income taxes
€87k▲
2024 · €78k
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€1.90M€1.67M▼
Fixed assets21/28€1.55M€1.48M▼
Tangible fixed assets22/27€1.07M€999k▼
Land and buildings22€1.02M€962k▼
Furniture and vehicles24€51k€38k▼
Financial fixed assets28€479k€479k=
Current assets29/58€354k€188k▼
Amounts receivable within one year40/41€117k€79k▼
Trade receivables40€51k€8k▼
Other amounts receivable41€66k€71k▲
Current investments50/53€154k€1k▼
Cash at bank and in hand54/58€81k€90k▲
Deferred charges and accrued income490/1€2k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.67M▼
Equity10/15€1.41M€1.25M▼
Contributions10/11€6k€6k=
Reserves13€1.40M€1.25M▼
Tax-exempt reserves132€290k€264k▼
Distributable reserves133€1.11M€984k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€97k€88k▼
Deferred taxes168€97k€88k▼
Amounts payable17/49€396k€325k▼
Amounts payable after more than one year17€289k€224k▼
Financial debts170/4€289k€224k▼
Amounts payable within one year42/48€107k€101k▼
Current portion of amounts payable after more than one year42€79k€65k▼
Trade debts44€7k€1k▼
Suppliers440/4€7k€1k▼
Taxes, remuneration and social security45€18k€32k▲
Taxes450/3€18k€32k▲
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€67k=
Other operating charges640/8€16k€17k▲
Gross operating margin9900€293k€314k▲
Operating profit (loss)9901€209k€230k▲
Financial income75/76B€65k€74k▲
Recurring financial income75€65k€74k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€269k€299k▲
Transfer from deferred taxes780€9k€9k=
Income taxes67/77€78k€87k▲
Profit (loss) for the period9904€200k€222k▲
Transfer from tax-exempt reserves789€26k€26k=
Profit (loss) for the period to be appropriated9905€226k€248k▲
Appropriation of the result
Profit (loss) to be appropriated9906€226k€248k▲
Transfer from equity791/2€124k€375k▲
Transfer to equity691/2€226k€248k▲
To other reserves6921€226k€248k▲
Profit to be distributed694/7€124k€375k▲
Return on contributions (dividend)694€124k€375k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €240k ▲164%
Net result €240k, the highest in the series.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €82k ▼15.9%
Net result drops to €82k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.07M ▲8.3%
2 profitable years in a row build equity to €1.07M.
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
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.
Directors · office · real estate
Directors
8 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, Stekene · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zavelstraat(STE) 13a9190 StekeneGround area
7,575 m²
Building footprint
3,285 m²
Volume, LiDAR
19,940 m³
Parcel 46024A1378/00C000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STEMAN bvba
since 20072.172.895.119
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A1378/00C000 | Flanders | 7,575 m² | 1 · 3,285 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8945006HVG8EWC7OTT76
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 25,380 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2007
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.