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STEMAX

Active Public limited companyfounded 1996active for 30 yearsRue des Combattants 94, 1310 La HulpeKBO/BCE: BE 0458.386.366 #7 oldest company in La Hulpe, Telecoms and IT sector
STEMAX
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 21-07-2026, 10 days before the deadline
€45,630
▲ 157%
€36,081
▲ 376%
€44,519
▲ 165%
€28,679
▲ 178%
41.5%
▲ 6.6 percentage points
1.78
▲ 0.39

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €150,000. Estimated: probably between €110,000 and €220,000.

In the rankings #7 oldest company in La Hulpe, Telecoms and IT sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €197,200 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

41.5%

Higher than 46% of 3,406 companies in 2025.

1.78

Higher than 48% of 3,267 companies in 2025.

10.3%

Higher than 57% of 3,315 companies in 2025.

STEMAX Middle half of the sector 80% of the sector Abbreviated accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 197,200176,670176,269169,774177,736169,882172,365157,482172,298207,510189,057167,151158,708154,592157,882153,608157,868147,110161,574163,540
21/28 105,781114,219116,82688,40678,44485,50392,56196,799106,009112,959111,14163,89663,89667,00268,74161,67161,45461,33066,12668,047
22/27 18,45126,88936,1307,71010,04817,10724,16628,40337,61449,06447,245--3,1066,3455,2755,0584,9349,73011,651
23 5,6488,06710,4875,0573,8367,33610,83614,33619,02024,87632,126--1,2792,6915,2755,0584,9347,9914,038
24 5,4238,38111,339----------1,8273,654---1,7397,613
26 7,38010,44114,3052,6546,2129,77113,33014,06718,59324,18815,119---------
28 87,33087,33080,69680,69668,39668,39668,39668,39668,39663,89663,89663,89663,89663,89662,39656,39656,39656,39656,39656,396
29/58 91,41962,45159,44281,36899,29184,37979,80460,68366,28994,55077,917103,25594,81287,59089,14191,93796,41485,78095,44995,492
3 26,53722,71320,84618,55618,39517,82022,47816,13519,38424,67618,83410,7207,6558,8227,68312,59410,77211,44013,4459,105
30/36 26,53722,71320,84618,55618,39517,82022,47816,13519,38424,67618,83410,7207,6558,8227,68312,59410,77211,44013,4459,105
40/41 22,62518,71615,02122,27228,72619,87724,43027,13236,77237,67529,46233,27523,78424,43031,54812,18517,2788,65020,25613,864
40 22,50118,71615,02122,27224,30019,87723,75327,13236,77235,02529,16530,58821,03123,87318,9037,83517,2788,53817,84911,192
41 124--04,426-677--2,6512972,6872,75355712,6454,350-1132,4072,671
50/53 ---------26,34726,34726,34726,34710,00010,00010,00028,12428,12428,12428,124
54/58 33,48511,47814,19231,66842,43036,86622,86914,7581,9745,2093,27432,91436,06644,33939,91057,15840,24037,56633,62444,400
490/1 8,7719,5459,3848,8729,7419,81610,0262,6588,158644--960-------
Balance sheet: equity and liabilities
10/49 197,200176,670176,269169,774177,736169,882172,365157,482172,298207,510189,057167,151158,708154,592157,882153,608157,868147,110161,574163,540
10/15 81,75061,50960,41755,41355,29052,73060,89061,57763,48464,90964,16969,50164,42864,84163,18459,01448,02639,28232,38340,848
10/11 61,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,973
10 61,97361,97361,97361,97361,973---------------
100 61,97361,97361,97361,97361,973-61,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,97361,973
11 -----61,973--------------
1109/19 -----61,973--------------
13 19,500---07,4067,4067,4067,4067,4068,5618,5617,4067,4067,4067,4067,4067,4067,4067,406
132 ----07,4067,4067,4067,4067,4068,5618,5617,4067,4067,4067,4067,4067,4067,4067,406
133 19,500-------------------
14 277-464-1,557-6,560-6,683-16,650-8,489-7,802-5,895-4,470-6,366-1,034-4,951-4,539-6,195-10,365-21,353-30,097-36,997-28,531
16 ----------595595--------
168 ----------595595--------
17/49 115,449115,161115,852114,361122,446117,152111,47595,905108,814142,600124,29497,05694,28089,75194,69894,594109,841107,827129,192122,692
17 64,15666,86969,54261,17261,17261,17261,17261,17261,17261,17261,17261,17261,17261,17261,17260,39760,39760,39760,39760,397
170/4 64,15666,86969,54261,17261,17261,17261,17261,17261,17261,17261,17261,17261,17261,17261,17260,39760,39760,39760,39760,397
42/48 51,29344,80542,82346,90358,04649,86347,24534,73347,64281,42863,12235,88433,10828,57933,52634,19644,55042,53663,90057,400
42 2,7132,6732,634-----------------
44 15,46316,51613,42317,11431,41025,79820,79714,51024,07527,78822,21519,05217,19710,26119,26322,12611,98221,42226,93415,584
440/4 15,46316,51613,42317,11431,41025,79820,79714,51024,07527,78822,21519,05217,19710,26119,26322,12611,98221,42226,93415,584
45 15,1646,7588,5197,0802,9124,6936,5154,4466,7035,7063,4264,7353313,200629522,8959,5108,2457,771
450/3 15,1646,7588,5197,0802,9124,6936,5154,4466,7035,7063,4264,7353313,200629522,8952,6612,7981,538
454/9 -----------------6,8495,4476,233
47/48 17,95318,85918,24822,70823,72419,37219,93215,77816,86447,93537,48012,09715,58015,11814,20111,11829,67411,60428,72234,046
492/3 03,4873,4876,2863,2276,1173,059---------4,8944,8944,8944,894
Income statement
70 -------------143,046------
76A -----------1,750-4132,500-----
9900 45,63017,78623,31314,85516,6273,86414,15410,89518,86825,19614,24016,76013,11818,7739,92521,43934,74942,71632,20922,397
60/61 -------------126,732------
62 --------90-------18,95626,46322,76135,493
630 8,4389,2428,7717,3387,0597,0597,4639,21011,45017,19013,5313,0063,1063,2394,4113,1171,7844,7968,93211,028
631/4 ---------------983----3,302
640/8 1,1119701,3281,6441,1081,0582,5111,0279451,0119531,0467321,1771,284899832479476474
9901 36,0817,57413,2145,8738,461-4,2534,1816576,3826,995-24412,7099,28014,3574,23016,43913,17810,97940-21,296
75/76B 83352537119011,6534850541,1441,2317941,0483,176561671750749
75 8335253711104850541,1441,2317941,0483,176561671750749
76B ------9001,653------------
65/66B 4,2734,2364,2003,3854,2413,5703,6733,2646,3385,4425,1365,2355,3175,3773,8714,8664,9134,8624,8654,877
65 4,2734,2364,2003,3854,2413,5703,6733,2646,3385,4425,1365,2355,3175,3773,8714,8664,9134,8624,8654,877
9903 31,8903,3739,0392,5264,221-7,8221,409-9545291,553-5,32610,3685,19410,1863,90814,7498,8266,787-4,075-25,424
67/77 11,6492,2804,0352,4021,6613382,0969541,9551,40764,7015,6074,529-2623,76182-1135-18
9904 20,2411,0935,0031232,560-8,160-687-1,907-1,425741-5,3325,072-4135,6574,17010,9888,7446,900-4,080-25,406
789 ---07,406----1,155----------
689 -----------1,155--------
9905 20,2411,0935,0031239,966-8,160-687-1,907-1,4251,896-5,3323,917-4135,6574,17010,9888,7446,900-4,080-25,406
Appropriation of the result
9906 19,777-464-1,557-6,560-6,683-16,650-8,489-7,802-5,895-4,470-6,366-1,034-4,951-539-6,195-10,365-21,353-30,097-36,997-28,531
14P -464-1,557-6,560-6,683-16,650---------------
691/2 19,500-------------------
6921 19,500-------------------
694/7 -------------4,000------
695 -------------4,000------
Social balance sheet
9087 ----------------0.30.50.51
Hours worked1013 ----------------5601,4501,3001,350
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 9 older financial years (1997-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 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 21-07-2026.

Download as CSV

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 abbreviated format 21-07-2026 2026-00322669 PDF
31-12-2024 micro format 31-08-2025 2025-00483983 PDF
31-12-2023 micro format 15-08-2024 2024-00351194 PDF
31-12-2022 micro format 24-08-2023 2023-00349771 PDF
31-12-2021 micro format 22-08-2022 2022-20365680 PDF
31-12-2020 micro format 31-08-2021 2021-62700529 PDF
31-12-2019 micro format 01-10-2020 2020-58500590 PDF
31-12-2018 micro format 27-08-2019 2019-52500323 PDF
31-12-2017 micro format 31-08-2018 2018-58900505 PDF
31-12-2016 micro format 10-08-2017 2017-43400243 PDF
31-12-2015 full format 24-08-2016 2016-49800209 PDF
31-12-2014 full format 25-08-2015 2015-49100152 PDF
31-12-2013 full format 31-07-2014 2014-38700266 PDF
31-12-2012 full format 30-08-2013 2013-55600124 PDF
31-12-2011 full format 31-08-2012 2012-54400438 PDF
31-12-2010 full format 10-08-2011 2011-38700052 PDF
31-12-2009 full format 09-08-2010 2010-39900316 PDF
31-12-2008 full format 11-08-2009 2009-55600012 PDF
31-12-2007 full format 08-08-2008 2008-54300275 PDF
31-12-2006 full format 27-07-2007 2007-46500329 PDF
31-12-2005 full format 31-07-2006 2006-58200316 PDF
31-12-2004 full format 19-07-2005 2005-51603989 PDF
31-12-2003 full format 28-07-2004 2004-52501515 PDF
31-12-2002 full format 22-07-2003 2003-48402288 PDF
31-12-2001 full format 05-09-2002 2002-53602757 PDF
31-12-2000 full format 10-10-2001 2001-63204601 PDF
31-12-1999 full format 27-07-2000 2000-46600827 PDF
31-12-1998 full format 12-10-1999 1999-52703254 PDF
31-12-1997 full format 16-10-1998 1998-53500784 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
44,51916,81621,98513,21115,5192,80611,6439,86817,83224,18513,28715,71412,38617,5968,64119,55614,96115,7748,972-10,268
28,67910,33413,7747,4619,619-1,1026,7767,30310,02517,9318,1998,0782,6948,8968,58014,10610,52711,6964,852-14,378
06,63422,40117,300003,22504,50019,00960,7763,00601,50011,4813,3341,90807,0106,057
22,007-2,714-17,476-10,7625,56313,9988,11012,784-3,2351,935-29,640-3,152-8,2724,428-17,24816,9192,6743,942-10,776-
40,12617,64616,61934,46541,24534,51632,55925,95018,64713,12214,79567,37261,70459,01155,61557,74151,86343,24431,54838,092
-------------10.0%------
41.5%34.8%34.3%32.6%31.1%31.0%35.3%39.1%36.8%31.3%33.9%41.6%40.6%41.9%40.0%38.4%30.4%26.7%20.0%25.0%
1.781.391.391.731.711.691.691.751.391.161.232.882.863.062.662.692.162.021.491.66
1.260.890.901.341.391.331.211.280.980.860.942.582.632.762.432.321.921.751.281.50
1.411.871.922.062.212.221.831.561.712.201.941.401.461.381.501.602.292.743.993.00
24.8%1.8%8.3%0.2%4.6%-15.5%-1.1%-3.1%-2.2%1.1%-8.3%7.3%-0.6%8.7%6.6%18.6%18.2%17.6%-12.6%-62.2%
10.3%0.6%2.8%0.1%1.4%-4.8%-0.4%-1.2%-0.8%0.4%-2.8%3.0%-0.3%3.7%2.6%7.2%5.5%4.7%-2.5%-15.5%
10.423.975.233.903.66---------------
-------------61 days------
-------------30 days------

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
Item20252024202320222021
Tangible fixed assets--€22,401€5,000-
Financial fixed assets€0€6,634-€12,300-
€8,438€9,242€8,771€7,338€7,059

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on STEMAX

The operating result for 2025 is nearly 4.8 times that of 2024 and the highest since 2006. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 65.2% to 58.5%. Equity and debt are higher.

Next steps

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