Equity
€92,165 ▼ 25.4%
STEMI paid out €51,563 in dividends. That is 256% of the 2025 profit.
STEMI
Lifetime
4 annual accounts with figures on one time axispeak €519,900 (2025)
€519,900▲ 8.9%
peak €20,142 (2025)
€20,142▲ 77.4%
peak €136,656 (2023)
€92,165▼ 25.4%
€154,037▲ 38.0%
Board1 name since 2010
1 directorEmilie BRASSEUR
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Result from €11,353 to €20,142Dividend €51,563Equity from €123,586 to €92,165Debts from €111,656 to €154,037
Key points
from the 2025 annual accountsTurnover
≈ €1.9m estimated
The micro format states no turnover.
Position in the sector
€519,900
Higher gross margin than 95% of companies in retail trade. Sector median €34,181 · 22,853 companies.
Checked score
94
Excellent
Financially stronger than 53% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%▼ -0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Retail trade (NACE 47)
lowers risk
Liquidity: current ratio 1.57, cash €167,006
Founded in 2010
Equity €92,165 (37.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 53% of them on solvency, 74% on liquidity, 69% on profitability and 18% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as STEMI has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of STEMI itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for STEMI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.57 (2.05 in 2024), above the usual 1.5. Short-term debt is 62.6% and cash 67.8% of total assets. However, 62.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 10-07-2026, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
21 days early
2024
42 days early
2023
30 days early
2022
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 25 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0827461765
Change of role: Emilie BRASSEUR, from statutory manager to director
Legal-form conversion: from general partnership to private limited company · General meeting of 20-09-2022 · Gazette deed
New establishment in Arlon
JBC MODE, Parc des Expositions 79
New establishment in Libramont-Chevigny
JBC Mode, Recogne, L'Aliénau 4
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STEMI Marche-en-Famenne | €246,202 | €519,900 | 37.4% | - |
| MAHU RETAIL Roeselare | €282,472 | €424,177 | 33.5% | 10.8 |
| Lucas en Lucas.com Antwerp | €300,180 | €445,791 | 21.0% | - |
| Javandi Geel | €204,568 | €411,444 | 57.0% | - |
| BRikEls Antwerp | €244,806 | €484,535 | 50.6% | - |
| Lallemand - Dadssi Ohey | €235,656 | €461,900 | 4.7% | - |
| E&S Antwerp | €217,674 | €342,617 | 22.0% | - |
These companies have the same main activity as STEMI: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €205,000 and €300,000, founded between 2006 and 2013.
Official details
Source: KBO- Status
- Active since 02-07-2010Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 2 others
- Establishment units
- 2.189.332.4616900 Marche-en-Famenne, since 01-07-2010
- 2.290.628.8685500 Dinant, since 01-07-2019and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 26-05-2025
Annual accounts 2025
- €246,202▲ 4.7%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on STEMI
STEMI files the micro format. That format states no turnover. The gross margin rose from €456,002 in 2022 to €519,900 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STEMI
- What is the company number of STEMI?
- The company number of STEMI is 0827.461.765. The VAT number is the same number with BE in front: BE 0827.461.765.
- Where is STEMI based?
- The registered office is at Waha, Rue du Petit Bois 2, 6900 Marche-en-Famenne.Company details
- What does STEMI do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of STEMI?
- STEMI is a private limited company (BV).
- When was STEMI founded?
- STEMI was founded on 02-07-2010.
- Is STEMI still active?
- Yes, STEMI is an active enterprise in the KBO register.
- How many employees does STEMI have?
- STEMI had an average of 17.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of STEMI?
- The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €519,900 and 67 comparable companies (NACE 477). It probably lies between €1.3m and €2.9m. In financial year 2024 turnover was €577,532.
- Is STEMI profitable?
- In financial year 2025, STEMI made a profit of €20,142.
- Where can I find the annual accounts of STEMI?
- STEMI filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STEMI due?
- STEMI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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