STEMATIC
Annual accounts 2025
micro format, filed on 01-07-2026, 30 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €170,000 and €300,000.
Balance sheet
balance sheet total €849,457 on 31-12-2025in euro
in euro
Position in the sector
49.3%
Higher than 64% of 19,803 companies in 2025.
3.15
Higher than 77% of 18,977 companies in 2025.
9.0%
Higher than 75% of 19,446 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
849,457 | 749,034 | 635,258 | 510,863 | 417,283 | 393,613 | 203,578 | 103,223 | |
21/28 |
685,510 | 649,665 | 553,519 | 406,005 | 276,000 | 298,182 | 116,239 | 23,268 | |
22/27 |
678,880 | 643,035 | 546,889 | 405,975 | 275,970 | 298,152 | 116,209 | 23,088 | |
22 |
662,583 | 631,814 | 534,081 | 394,875 | 269,148 | 285,968 | 98,530 | - | |
23 |
9,357 | 8,552 | 9,638 | 10,059 | - | - | - | - | |
24 |
1,626 | 2,474 | 2,941 | 778 | 6,524 | 11,852 | 17,678 | 23,088 | |
26 |
5,315 | 195 | 230 | 264 | 298 | 332 | - | - | |
28 |
6,630 | 6,630 | 6,630 | 30 | 30 | 30 | 30 | 180 | |
29/58 |
163,947 | 99,369 | 81,739 | 104,858 | 141,283 | 95,432 | 87,340 | 79,955 | |
40/41 |
35,100 | 20,143 | 33,645 | 1,232 | 3 | 3 | 22,197 | 12,890 | |
40 |
35,100 | 20,143 | 32,941 | - | - | - | 22,194 | 12,887 | |
41 |
- | - | 704 | 1,232 | 3 | 3 | 3 | 3 | |
54/58 |
128,848 | 79,227 | 48,094 | 103,626 | 141,280 | 95,428 | 65,143 | 67,065 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
849,457 | 749,034 | 635,258 | 510,863 | 417,283 | 393,613 | 203,578 | 103,223 | |
10/15 |
418,767 | 342,732 | 286,740 | 239,656 | 193,374 | 165,203 | 130,984 | 84,224 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
14 |
398,307 | 322,272 | 266,280 | 219,196 | 172,914 | 144,743 | 110,524 | 63,764 | |
17/49 |
430,690 | 406,302 | 348,519 | 271,208 | 223,909 | 228,410 | 72,594 | 18,999 | |
17 |
378,584 | 362,691 | 310,277 | 239,151 | 162,582 | 176,864 | 45,643 | - | |
170/4 |
378,584 | 362,691 | 310,277 | 239,151 | 162,582 | 176,864 | 45,643 | - | |
42/48 |
52,105 | 43,611 | 38,242 | 32,057 | 49,993 | 40,104 | 16,006 | 18,999 | |
42 |
35,194 | 30,969 | 25,919 | 20,456 | 14,282 | 14,129 | 4,357 | - | |
44 |
1,697 | 1,340 | 1,164 | 2,478 | 12,189 | 13,660 | 367 | 193 | |
440/4 |
1,697 | 1,340 | 1,164 | 2,478 | 12,189 | 13,660 | 367 | 193 | |
45 |
13,910 | 9,603 | 9,459 | 8,771 | 6,479 | 11,332 | 11,240 | 18,763 | |
450/3 |
11,112 | 9,603 | 9,459 | 8,771 | 6,479 | 11,332 | 11,240 | 18,763 | |
454/9 |
2,798 | - | - | - | - | - | - | - | |
47/48 |
1,303 | 1,699 | 1,699 | 352 | 17,043 | 983 | 43 | 43 | |
492/3 |
- | - | - | - | 11,334 | 11,442 | 10,944 | - | |
| Income statement | |||||||||
76A |
6,250 | - | - | - | - | - | - | - | |
9900 |
155,223 | 136,262 | 119,671 | 101,980 | 89,126 | 76,481 | 71,033 | 90,749 | |
630 |
45,434 | 53,438 | 50,340 | 35,606 | 22,840 | 29,694 | 10,262 | 6,968 | |
640/8 |
5,705 | 3,352 | 3,462 | 2,353 | 1,981 | 1,149 | 484 | 559 | |
9901 |
104,084 | 79,471 | 65,869 | 64,020 | 64,305 | 45,638 | 60,287 | 83,222 | |
75/76B |
438 | 179 | 0 | 48 | 4 | 755 | 25 | 0 | |
75 |
438 | 179 | 0 | 48 | 4 | 755 | 25 | 0 | |
65/66B |
9,923 | 8,699 | 5,916 | 6,354 | 2,431 | 2,058 | 819 | 99 | |
65 |
9,923 | 8,699 | 5,916 | 6,354 | 2,431 | 2,058 | 819 | 99 | |
9903 |
94,599 | 70,951 | 59,953 | 57,715 | 61,878 | 44,334 | 59,493 | 83,123 | |
67/77 |
18,564 | 14,959 | 12,869 | 11,433 | 13,707 | 10,115 | 12,733 | 17,499 | |
9904 |
76,035 | 55,992 | 47,084 | 46,282 | 48,171 | 34,219 | 46,761 | 65,624 | |
9905 |
76,035 | 55,992 | 47,084 | 46,282 | 48,171 | 34,219 | 46,761 | 65,624 | |
| Appropriation of the result | |||||||||
9906 |
398,307 | 322,272 | 266,280 | 219,196 | 192,914 | 144,743 | 110,524 | 65,624 | |
14P |
322,272 | 266,280 | 219,196 | 172,914 | 144,743 | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | - | 20,000 | - | - | - | |
694 |
- | - | - | - | 20,000 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-07-2026 | 2026-00230647 | |
| 31-12-2024 | micro format | 16-06-2025 | 2025-00140850 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00186897 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00205421 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20121886 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-28200509 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37900447 | |
| 31-12-2018 | micro format | 03-07-2019 | 2019-28400447 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 149,518 | 132,909 | 116,209 | 99,626 | 87,145 | 75,332 | 70,549 | 90,190 | ||
| 121,469 | 109,430 | 97,424 | 81,888 | 71,011 | 63,913 | 57,022 | 72,592 | ||
| 81,278 | 149,584 | 197,854 | 165,611 | 658 | 211,637 | 103,382 | 30,237 | ||
| 49,621 | 31,133 | -55,532 | -37,654 | 45,852 | 30,286 | -1,922 | - | ||
| 111,842 | 55,758 | 43,498 | 72,801 | 91,290 | 55,328 | 71,333 | 60,955 | ||
| 49.3% | 45.8% | 45.1% | 46.9% | 46.3% | 42.0% | 64.3% | 81.6% | ||
| 3.15 | 2.28 | 2.14 | 3.27 | 2.83 | 2.38 | 5.46 | 4.21 | ||
| 1.03 | 1.19 | 1.22 | 1.13 | 1.16 | 1.38 | 0.55 | 0.23 | ||
| 18.2% | 16.3% | 16.4% | 19.3% | 24.9% | 20.7% | 35.7% | 77.9% | ||
| 9.0% | 7.5% | 7.4% | 9.1% | 11.5% | 8.7% | 23.0% | 63.6% | ||
| 15.07 | 15.28 | 19.64 | 15.68 | 35.85 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €81,278 | €149,584 | €191,254 | €165,611 | €658 |
| Financial fixed assets | - | - | €6,600 | - | - |
| €45,434 | €53,438 | €50,340 | €35,606 | €22,840 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on STEMATIC
The operating result for 2025 is 31% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 54.2% to 50.7%. Equity and debt are higher.