STEMAT BOUW
ActiveSTEMAT BOUW has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €809k and a net result of €205k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 2167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+32
Solvency50▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.11 in 2024; short-term debt: 59.3% and cash: 16.5% of total assets), and 75.5% 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 41
Relative position
BE, all sectors
reference
Sector 41
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
24.5%
Return on assets
6.2%
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 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
27 d late
2023
8 d early
2022
5 d early
2021
6 d early
2020
4 d early
2019
21 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 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€809k▲ 14.1%
2024 · €709k
2019: €251k
2020: €344k
2021: €450k
2022: €554k
2023: €725k
2024: €709k
2019 → 2025
Total assets
€3.30M▼ 1.8%
2024 · €3.36M
2019: €2.22M
2020: €2.40M
2021: €2.80M
2022: €2.76M
2023: €3.62M
2024: €3.36M
2019 → 2025
Net result
€205k▲ 497%
2024 · €34k
2019: €112k
2020: €93k
2021: €106k
2022: €105k
2023: €270k
2024: €34k
2019 → 2025
Working capital
€193k▼ 13.6%
2024 · €224k
2019: €-48k
2020: €25k
2021: €128k
2022: €159k
2023: €276k
2024: €224k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€450k-€554k▲ 23.3%€725k▲ 30.7%€709k▼ 2.2%€809k▲ 14.1%
Operating result€147k-€151k▲ 2.3%€383k▲ 154%€145k▼ 62.1%€379k▲ 161%
Net result€106k-€105k▼ 1.0%€270k▲ 158%€34k▼ 87.3%€205k▲ 497%
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 161% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.30M
Fixed assets
€1.15M▲ 7.4%
Current assets
€2.15M▼ 6.1%
Equity and liabilities €3.30M
Equity
€809k▲ 14.1%
Debt
€2.49M▼ 6.1%
The debt ratio falls from 78.9% to 75.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€522k▲
2024 · €264k
Cash flow
€348k▲
2024 · €153k
Solvency
24.5%▲
2024 · 21.1%
Current ratio
1.10▼
2024 · 1.11
Quick ratio
0.94▼
2024 · 1.08
Debt / equity
3.07▼
2024 · 3.74
ROE
25.3%▲
2024 · 4.8%
ROA
6.2%▲
2024 · 1.0%
Interest coverage
5.40▲
2024 · 2.31
Debt
€2.49M▼
2024 · €2.65M
Debt ≤ 1 year
€1.95M▼
2024 · €2.06M
Debt > 1 year
€534k▼
2024 · €585k
Income taxes
€110k▲
2024 · €22k
Staff costs
€1.86M▲
2024 · €1.76M
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€3.36M€3.30M▼
Fixed assets21/28€1.07M€1.15M▲
Intangible fixed assets21€10k€72k▲
Tangible fixed assets22/27€1.05M€1.06M▲
Land and buildings22€723k€683k▼
Plant, machinery and equipment23€115k€113k▼
Furniture and vehicles24€69k€67k▼
Leasing and similar rights25€128k€183k▲
Other tangible fixed assets26€13k€17k▲
Financial fixed assets28€12k€13k▲
Current assets29/58€2.29M€2.15M▼
Amounts receivable after more than one year29€218k€183k▼
Other amounts receivable291€218k€183k▼
Stocks and contracts in progress3€52k€302k▲
Stocks30/36€52k€302k▲
Amounts receivable within one year40/41€1.32M€1.12M▼
Trade receivables40€1.16M€1.01M▼
Other amounts receivable41€163k€105k▼
Cash at bank and in hand54/58€693k€545k▼
Equity and liabilities
Total equity and liabilities10/49€3.36M€3.30M▼
Equity10/15€709k€809k▲
Contributions10/11€19k€19k=
Reserves13€311k€411k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€309k€411k▲
Profit (loss) carried forward14€379k€379k=
Amounts payable17/49€2.65M€2.49M▼
Amounts payable after more than one year17€585k€534k▼
Financial debts170/4€585k€534k▼
Amounts payable within one year42/48€2.06M€1.95M▼
Current portion of amounts payable after more than one year42€135k€147k▲
Financial debts43€1.17M€909k▼
Credit institutions430/8€1.17M€909k▼
Trade debts44€603k€554k▼
Suppliers440/4€603k€554k▼
Taxes, remuneration and social security45€86k€233k▲
Taxes450/3€6k€107k▲
Remuneration and social security454/9€80k€127k▲
Other amounts payable47/48€65k€110k▲
Income statement
Code20242025
Non-recurring operating income76A€119k€0▼
Remuneration, social security and pensions62€1.76M€1.86M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€143k▲
Other operating charges640/8€34k€39k▲
Gross operating margin9900€2.06M€2.42M▲
Operating profit (loss)9901€145k€379k▲
Financial income75/76B€25k€32k▲
Recurring financial income75€25k€32k▲
Financial charges65/66B€114k€97k▼
Recurring financial charges65€114k€97k▼
Profit (loss) for the period before taxes9903€57k€315k▲
Income taxes67/77€22k€110k▲
Profit (loss) for the period9904€34k€205k▲
Profit (loss) for the period to be appropriated9905€34k€205k▲
Appropriation of the result
Profit (loss) to be appropriated9906€414k€584k▲
Profit (loss) brought forward from the previous period14P€379k€379k=
Transfer from equity791/2€50k€105k▲
Transfer to equity691/2€34k€205k▲
To other reserves6921€34k€205k▲
Profit to be distributed694/7€50k€105k▲
Return on contributions (dividend)694€50k€105k▲
Directors or managers695€0-
Social balance
Average headcount (FTE)908727.528.0▲
The notes to these accounts (27 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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
30-06
Financial
Weakest financial yearnet €34k ▼87.3%
Net result drops to €34k, the lowest in the series; recovery starts the following year.
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €270k ▲158%
Operating result €383k, net result €270k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €500kEq €554k ▲23.3%
4 profitable years in a row build equity to €554k.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
12-12
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
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, Veurne · 1 establishment unit since 2009
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.
Pannestraat 1748630 VeurneGround area
3,133 m²
Building footprint
2,370 m²
Volume, LiDAR
13,496 m³
Parcel 38025E0331/00A002, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pannestraat 174, 8630 Veurne
since 20092.181.198.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025E0331/00A002 | Flanders | 3,133 m² | 1 · 2,370 m² | 7.2 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
2022 to 2025 · 4 entries · 11,885 EUR awarded · 11,901 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,725 EUR | 2,725 EUR |
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
| 2023 | 1 | 1,410 EUR | 1,467 EUR |
| 2022 | 1 | 250 EUR | 209 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesSTEMAT BOUW BV44105
Similar companies · same sector, comparable size
ROELS
BE 0898.421.126
Ternat · Eq €809k
KULAPRO
BE 0419.774.527
Lubbeek · Eq €810k
Renovatiewerken VDB
BE 0730.969.135
Kasterlee · Eq €811k
Bouwonderneming Willy Tack
BE 0407.568.561
Kortrijk · Eq €808k
VANHEE PROJEKT
BE 0878.956.590
Jabbeke · Eq €807k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 7,277 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-2009
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
43350Other building finishing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43310Plastering work
43320Joinery installation
43343Specialised construction activities
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.