STEMAR UTILITIES
ActiveSTEMAR UTILITIES has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.11M and a net result of €46k. Equity is growing by ~45.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 9582 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability20▼-80
Solvency8▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days only on tighter terms
Liquidity short (current ratio 0.42 against 0.36 in 2023), and 88% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12%
Return on assets
0.5%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9582 sector peers (2024).
NBB · sector comparisonPosition among 9582 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-07-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
10 d early
2023
5 d early
2022
32 d early
2021
27 d early
2020
17 d early
2019
22 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.11M▲ 59.0%
2023 · €699k
2018: €99k
2019: €173k
2020: €279k
2021: €388k
2022: €497k
2023: €699k
2018 → 2024
Total assets
€9.28M▲ 22.1%
2023 · €7.60M
2018: €1.93M
2019: €2.41M
2020: €3.74M
2021: €4.97M
2022: €6.91M
2023: €7.60M
2018 → 2024
Net result
€46k▼ 77.5%
2023 · €203k
2018: €3k
2019: €74k
2020: €106k
2021: €108k
2022: €109k
2023: €203k
2018 → 2024
Working capital
€-1.91M▼ 15.5%
2023 · €-1.66M
2018: €-373k
2019: €-566k
2020: €-540k
2021: €-813k
2022: €-1.15M
2023: €-1.66M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€279k-€388k▲ 38.8%€497k▲ 28.2%€699k▲ 40.8%€1.11M▲ 59.0%
Operating result€172k-€175k▲ 1.3%€207k▲ 18.6%€402k▲ 93.9%€295k▼ 26.6%
Net result€106k-€108k▲ 1.9%€109k▲ 0.8%€203k▲ 85.6%€46k▼ 77.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.28M
Fixed assets
€7.91M▲ 18.5%
Current assets
€1.37M▲ 48.0%
Equity and liabilities €9.28M
Equity
€1.11M▲ 59.0%
Debt
€8.17M▲ 18.3%
The debt ratio falls from 90.8% to 88.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€2.85M▲
2023 · €2.59M
Cash flow
€2.61M▲
2023 · €2.39M
Solvency
12.0%▲
2023 · 9.2%
Current ratio
0.42▲
2023 · 0.36
Quick ratio
0.41▲
2023 · 0.36
Debt / equity
7.35▼
2023 · 9.87
ROE
4.1%▼
2023 · 29.0%
ROA
0.5%▼
2023 · 2.7%
Interest coverage
11.77▼
2023 · 15.66
Debt
€8.17M▲
2023 · €6.90M
Debt ≤ 1 year
€3.28M▲
2023 · €2.58M
Debt > 1 year
€4.89M▲
2023 · €4.32M
Income taxes
€9k▼
2023 · €34k
Staff costs
€59k▲
2023 · €53k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€7.60M€9.28M▲
Fixed assets21/28€6.68M€7.91M▲
Intangible fixed assets21€277€127▼
Tangible fixed assets22/27€6.68M€7.91M▲
Land and buildings22€864k€1.38M▲
Plant, machinery and equipment23€33k€43k▲
Furniture and vehicles24€5.78M€6.49M▲
Current assets29/58€926k€1.37M▲
Amounts receivable after more than one year29€8k€8k=
Other amounts receivable291€8k€8k=
Stocks and contracts in progress3€9k€34k▲
Stocks30/36€9k€34k▲
Amounts receivable within one year40/41€120k€186k▲
Trade receivables40€120k€159k▲
Other amounts receivable41-€27k
Cash at bank and in hand54/58€452k€842k▲
Deferred charges and accrued income490/1€337k€301k▼
Equity and liabilities
Total equity and liabilities10/49€7.60M€9.28M▲
Equity10/15€699k€1.11M▲
Contributions10/11€40k€40k=
Revaluation surpluses12-€367k
Reserves13€659k€705k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€655k€701k▲
Amounts payable17/49€6.90M€8.17M▲
Amounts payable after more than one year17€4.32M€4.89M▲
Financial debts170/4€4.32M€4.89M▲
Amounts payable within one year42/48€2.58M€3.28M▲
Current portion of amounts payable after more than one year42€2.44M€2.93M▲
Financial debts43€50k-
Credit institutions430/8€50k-
Trade debts44€51k€329k▲
Suppliers440/4€51k€329k▲
Taxes, remuneration and social security45€39k€22k▼
Taxes450/3€33k€16k▼
Remuneration and social security454/9€6k€6k▲
Other amounts payable47/48€251€251=
Income statement
Code20232024
Non-recurring operating income76A€485k€460k▼
Remuneration, social security and pensions62€53k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.19M€2.56M▲
Other operating charges640/8€16k€5k▼
Non-recurring operating charges66A€20k€22k▲
Gross operating margin9900€2.68M€2.94M▲
Operating profit (loss)9901€402k€295k▼
Financial income75/76B€486€2k▲
Recurring financial income75€486€2k▲
Financial charges65/66B€165k€243k▲
Recurring financial charges65€165k€243k▲
Profit (loss) for the period before taxes9903€237k€54k▼
Income taxes67/77€34k€9k▼
Profit (loss) for the period9904€203k€46k▼
Profit (loss) for the period to be appropriated9905€203k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€203k€46k▼
Transfer to equity691/2€203k€46k▼
To other reserves6921€203k€46k▼
Social balance
Average headcount (FTE)9087-1.3
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
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.11M ▲59%
7 profitable years in a row build equity to €1.11M.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €203k ▲85.6%
Operating result €402k, net result €203k, both a record.
31-12
Financial
Equity above €500kEq €699k ▲40.8%
6 profitable years in a row build equity to €699k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €279k ▲61.5%
3 profitable years in a row build equity to €279k.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €173k ▲74.5%
2 profitable years in a row build equity to €173k.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Linkebeek · 1 establishment unit since 2013
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.
Brouwerijstraat 11630 LinkebeekGround area
237 m²
Building footprint
196 m²
Volume, LiDAR
1,387 m³
Parcel 22003A0068/00W003, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Stemar Utilities
since 20132.219.195.791
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0068/00W003 | Flanders | 237 m² | 1 · 196 m² | 12.4 m · 3 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.
Similar companies · same sector, comparable size
TOYOTA DIEST
BE 0474.550.031
Diest · Eq €1.11M
BOLLAND FILS
BE 0437.391.113
Oupeye · Eq €1.11M
NINAPA
BE 0421.504.194
Wavre · Eq €1.11M
YOUS CARS
BE 0544.286.497
Erquelinnes · Eq €1.11M
Van Mossel Van Kelst Schriek
BE 0446.990.054
Heist-op-den-Berg · Eq €1.12M
Of 10,615 companies in sector 47811 we hold annual accounts for 5,192. 2,861 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2013
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
77110Renting and leasing of cars and light motor vehicles
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95319Other maintenance and repair of motor vehicles
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.