STEMAT
ActiveSTEMAT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €583k and a net result of €52k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 28% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+2
Solvency51▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.21 in 2024; short-term debt: 17.3% and cash: 0.6% of total assets), and 74.1% 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 43
Relative position
BE, all sectors
reference
Sector 43
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 2025Solvency, return and age of the figures
Solvency
25.9%
Return on assets
2.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
42 d early
2023
44 d early
2022
40 d early
2021
39 d early
2020
39 d early
2019
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€583k▲ 9.7%
2024 · €532k
2019: €302k
2020: €334k
2021: €362k
2022: €426k
2023: €500k
2024: €532k
2019 → 2025
Total assets
€2.25M▼ 5.8%
2024 · €2.39M
2019: €1.54M
2020: €1.91M
2021: €1.99M
2022: €2.13M
2023: €2.40M
2024: €2.39M
2019 → 2025
Net result
€52k▲ 64.4%
2024 · €31k
2019: €25k
2020: €32k
2021: €28k
2022: €63k
2023: €75k
2024: €31k
2019 → 2025
Working capital
€-337k▼ 2.8%
2024 · €-328k
2019: €-132k
2020: €-229k
2021: €-251k
2022: €-288k
2023: €-312k
2024: €-328k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€362k-€426k▲ 17.4%€500k▲ 17.6%€532k▲ 6.3%€583k▲ 9.7%
Operating result€70k-€101k▲ 43.7%€115k▲ 13.7%€64k▼ 44.6%€97k▲ 52.1%
Net result€28k-€63k▲ 122%€75k▲ 18.6%€31k▼ 58.1%€52k▲ 64.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.25M
Fixed assets
€2.20M▼ 4.6%
Current assets
€52k▼ 39.4%
Equity and liabilities €2.25M
Equity
€583k▲ 9.7%
Debt
€1.67M▼ 10.3%
The debt ratio falls from 77.7% to 74.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€249k▲
2024 · €213k
Cash flow
€204k▲
2024 · €180k
Solvency
25.9%▲
2024 · 22.3%
Current ratio
0.13▼
2024 · 0.21
Quick ratio
0.11▼
2024 · 0.16
Debt / equity
2.85▼
2024 · 3.49
ROE
8.8%▲
2024 · 5.9%
ROA
2.3%▲
2024 · 1.3%
Interest coverage
8.74▲
2024 · 7.90
Debt
€1.67M▼
2024 · €1.86M
Debt ≤ 1 year
€388k▼
2024 · €413k
Debt > 1 year
€1.28M▼
2024 · €1.44M
Income taxes
€17k▲
2024 · €6k
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€2.39M€2.25M▼
Fixed assets21/28€2.30M€2.20M▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€2.11M€2.01M▼
Land and buildings22€2.01M€1.91M▼
Plant, machinery and equipment23€42k€55k▲
Furniture and vehicles24€58k€38k▼
Financial fixed assets28€189k€189k=
Current assets29/58€85k€52k▼
Stocks and contracts in progress3€21k€10k▼
Stocks30/36€21k€10k▼
Amounts receivable within one year40/41€29k€27k▼
Trade receivables40€20k€27k▲
Other amounts receivable41€9k-
Cash at bank and in hand54/58€36k€15k▼
Deferred charges and accrued income490/1€171€277▲
Equity and liabilities
Total equity and liabilities10/49€2.39M€2.25M▼
Equity10/15€532k€583k▲
Contributions10/11€93k€93k=
Reserves13€439k€489k▲
Tax-exempt reserves132€82k€82k=
Distributable reserves133€357k€407k▲
Profit (loss) carried forward14€238€2k▲
Amounts payable17/49€1.86M€1.67M▼
Amounts payable after more than one year17€1.44M€1.28M▼
Financial debts170/4€1.44M€1.28M▼
Amounts payable within one year42/48€413k€388k▼
Current portion of amounts payable after more than one year42€158k€169k▲
Trade debts44€68k€41k▼
Suppliers440/4€68k€41k▼
Taxes, remuneration and social security45€875€9k▲
Taxes450/3€875€9k▲
Other amounts payable47/48€186k€170k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149k€152k▲
Other operating charges640/8€7k€7k▲
Gross operating margin9900€219k€257k▲
Operating profit (loss)9901€64k€97k▲
Financial income75/76B€438-
Recurring financial income75€438-
Financial charges65/66B€27k€29k▲
Recurring financial charges65€27k€29k▲
Profit (loss) for the period before taxes9903€37k€68k▲
Income taxes67/77€6k€17k▲
Profit (loss) for the period9904€31k€52k▲
Profit (loss) for the period to be appropriated9905€31k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€52k▲
Profit (loss) brought forward from the previous period14P€2k€238▼
Transfer to equity691/2€33k€50k▲
To other reserves6921€33k€50k▲
The notes to these accounts (18 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2019net €75k ▲18.6%
Operating result €115k, net result €75k, both a record.
30-06
Financial
Equity above €500kEq €500k ▲17.6%
5 profitable years in a row build equity to €500k.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
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
4 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, Aalter · 1 establishment unit since 2014
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.
Jezuietengoed 129880 AalterGround area
7,329 m²
Building footprint
1,403 m²
Volume, LiDAR
8,181 m³
Parcel 44503G0480/00G000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jezuietengoed 12, 9880 Aalter
since 20142.229.204.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503G0480/00G000 | Flanders | 7,328 m² | 1 · 1,403 m² | 10.7 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 7,105 EUR awarded · 7,105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,105 EUR | 7,105 EUR |
Schemes
Investeringssteun voor land- en tuinbouwers
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalter2.229.204.708
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Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 938 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-08-2006
Fiscal year end30-06
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
01410Raising of dairy cattle
01420Raising of other cattle and buffaloes
01500Mixed farming
01610Support activities for crop production
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.