STEMATIC
ActiveSummary
STEMATIC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €418,767 and a net result of €76,035. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+2
Solvency74▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.15 against 2.28 in 2024; short-term debt: 6.1% and cash: 15.2% of total assets), but 50.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
49.3%
Return on assets
9%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 d early
2024
45 d early
2023
30 d early
2022
28 d early
2021
32 d early
2020
32 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€418,767▲ 22.2%
2024 · €342,732
Total assets
€849,457▲ 13.4%
2024 · €749,034
Net result
€76,035▲ 35.8%
2024 · €55,992
Working capital
€111,842▲ 101%
2024 · €55,758
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€64,305▲ 40.9%€64,020▼ 0.4%€65,869▲ 2.9%€79,471▲ 20.7%€104,084▲ 31.0%
Net result€48,171▲ 40.8%€46,282▼ 3.9%€47,084▲ 1.7%€55,992▲ 18.9%€76,035▲ 35.8%
Equity€193,374▲ 17.1%€239,656▲ 23.9%€286,740▲ 19.6%€342,732▲ 19.5%€418,767▲ 22.2%
Total assets€417,283▲ 6.0%€510,863▲ 22.4%€635,258▲ 24.4%€749,034▲ 17.9%€849,457▲ 13.4%
Debt€223,909▼ 2.0%€271,208▲ 21.1%€348,519▲ 28.5%€406,302▲ 16.6%€430,690▲ 6.0%
Working capital€91,290▲ 65.0%€72,801▼ 20.3%€43,498▼ 40.3%€55,758▲ 28.2%€111,842▲ 101%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €849,457
Fixed assets
€685,510 ▲ 5.5%
Current assets
€163,947 ▲ 65.0%
Equity and liabilities €849,457
Equity
€418,767 ▲ 22.2%
Debt
€430,690 ▲ 6.0%
Debt's share of the balance-sheet total falls from 54.2% to 50.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€149,518▲
2024 · €132,909
Cash flow
€121,469▲
2024 · €109,430
Current ratio
3.15▲
2024 · 2.28
Debt to equity
1.03▼
2024 · 1.19
ROE
18.2%▲
2024 · 16.3%
ROA
9.0%▲
2024 · 7.5%
Interest coverage
15.07▼
2024 · 15.28
Debt ≤ 1 year
€52,105▲
2024 · €43,611
Debt > 1 year
€378,584▲
2024 · €362,691
Income taxes
€18,564▲
2024 · €14,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,250 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,840 | €35,606 | €50,340 | €53,438 | €45,434 | ▼ 15.0% |
| Other operating charges640/8 | €1,981 | €2,353 | €3,462 | €3,352 | €5,705 | ▲ 70.2% |
| Gross operating margin9900 | €89,126 | €101,980 | €119,671 | €136,262 | €155,223 | ▲ 13.9% |
| Operating profit (loss)9901 | €64,305 | €64,020 | €65,869 | €79,471 | €104,084 | ▲ 31.0% |
| Financial income75/76B | €4 | €48 | €0 | €179 | €438 | ▲ 145% |
| Recurring financial income75 | €4 | €48 | €0 | €179 | €438 | ▲ 145% |
| Financial charges65/66B | €2,431 | €6,354 | €5,916 | €8,699 | €9,923 | ▲ 14.1% |
| Recurring financial charges65 | €2,431 | €6,354 | €5,916 | €8,699 | €9,923 | ▲ 14.1% |
| Profit (loss) for the period before taxes9903 | €61,878 | €57,715 | €59,953 | €70,951 | €94,599 | ▲ 33.3% |
| Income taxes67/77 | €13,707 | €11,433 | €12,869 | €14,959 | €18,564 | ▲ 24.1% |
| Profit (loss) for the period9904 | €48,171 | €46,282 | €47,084 | €55,992 | €76,035 | ▲ 35.8% |
| Profit (loss) for the period to be appropriated9905 | €48,171 | €46,282 | €47,084 | €55,992 | €76,035 | ▲ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €417,283 | €510,863 | €635,258 | €749,034 | €849,457 | ▲ 13.4% |
| Fixed assets21/28 | €276,000 | €406,005 | €553,519 | €649,665 | €685,510 | ▲ 5.5% |
| Tangible fixed assets22/27 | €275,970 | €405,975 | €546,889 | €643,035 | €678,880 | ▲ 5.6% |
| Land and buildings22 | €269,148 | €394,875 | €534,081 | €631,814 | €662,583 | ▲ 4.9% |
| Plant, machinery and equipment23 | - | €10,059 | €9,638 | €8,552 | €9,357 | ▲ 9.4% |
| Furniture and vehicles24 | €6,524 | €778 | €2,941 | €2,474 | €1,626 | ▼ 34.3% |
| Other tangible fixed assets26 | €298 | €264 | €230 | €195 | €5,315 | ▲ 2,620% |
| Financial fixed assets28 | €30 | €30 | €6,630 | €6,630 | €6,630 | = |
| Current assets29/58 | €141,283 | €104,858 | €81,739 | €99,369 | €163,947 | ▲ 65.0% |
| Amounts receivable within one year40/41 | €3 | €1,232 | €33,645 | €20,143 | €35,100 | ▲ 74.3% |
| Trade receivables40 | - | - | €32,941 | €20,143 | €35,100 | ▲ 74.3% |
| Other amounts receivable41 | €3 | €1,232 | €704 | - | - | - |
| Cash at bank and in hand54/58 | €141,280 | €103,626 | €48,094 | €79,227 | €128,848 | ▲ 62.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €417,283 | €510,863 | €635,258 | €749,034 | €849,457 | ▲ 13.4% |
| Equity10/15 | €193,374 | €239,656 | €286,740 | €342,732 | €418,767 | ▲ 22.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €172,914 | €219,196 | €266,280 | €322,272 | €398,307 | ▲ 23.6% |
| Amounts payable17/49 | €223,909 | €271,208 | €348,519 | €406,302 | €430,690 | ▲ 6.0% |
| Amounts payable after more than one year17 | €162,582 | €239,151 | €310,277 | €362,691 | €378,584 | ▲ 4.4% |
| Financial debts170/4 | €162,582 | €239,151 | €310,277 | €362,691 | €378,584 | ▲ 4.4% |
| Amounts payable within one year42/48 | €49,993 | €32,057 | €38,242 | €43,611 | €52,105 | ▲ 19.5% |
| Current portion of amounts payable after more than one year42 | €14,282 | €20,456 | €25,919 | €30,969 | €35,194 | ▲ 13.6% |
| Trade debts44 | €12,189 | €2,478 | €1,164 | €1,340 | €1,697 | ▲ 26.7% |
| Suppliers440/4 | €12,189 | €2,478 | €1,164 | €1,340 | €1,697 | ▲ 26.7% |
| Taxes, remuneration and social security45 | €6,479 | €8,771 | €9,459 | €9,603 | €13,910 | ▲ 44.9% |
| Taxes450/3 | €6,479 | €8,771 | €9,459 | €9,603 | €11,112 | ▲ 15.7% |
| Remuneration and social security454/9 | - | - | - | - | €2,798 | - |
| Other amounts payable47/48 | €17,043 | €352 | €1,699 | €1,699 | €1,303 | ▼ 23.3% |
| Accrued charges and deferred income492/3 | €11,334 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,171 | €46,282 | €47,084 | €55,992 | €76,035 | ▲ 35.8% |
| + Depreciation and write-downs630 | €22,840 | €35,606 | €50,340 | €53,438 | €45,434 | ▼ 15.0% |
| Operating cash flow (approximation) | €71,011 | €81,888 | €97,424 | €109,430 | €121,469 | ▲ 11.0% |
| Investment in fixed assets (approximation) | - | -€165,611 | -€197,854 | -€149,584 | -€81,278 | ▲ 45.7% |
| Change in cash | - | -€37,654 | -€55,532 | €31,133 | €49,621 | ▲ 59.4% |
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €76,035 ▲35.8%
Operating result €104,084, net result €76,035, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €239,656 ▲23.9%
5 profitable years in a row build equity to €239,656.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €34,219 ▼26.8%
Net result drops to €34,219, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €165,203 ▲26.1%
3 profitable years in a row build equity to €165,203.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €130,984 ▲55.5%
2 profitable years in a row build equity to €130,984.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Fosses-la-Ville · 1 establishment unit since 2018
Ground area
1,357 m²
Building footprint
163 m²
Volume, LiDAR
858 m³
Parcel 92111E0346/00K000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STEMATIC
since 20182.271.330.224
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92111E0346/00K000 | Wallonia | 1,357 m² | 1 · 163 m² | 7.8 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500E5DD4OBC80C271
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 5,043 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
Founded03-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0686989137
Also
9925:BE0686989137
Registered
05-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.