STEMIECOL
ActiveSummary
STEMIECOL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €363k and a net result of €47k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 49% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-3
Solvency77▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.69 in 2024; short-term debt: 13.3% and cash: 11.8% of total assets), and 48% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
52%
Return on assets
6.8%
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 12-11-2025, 80 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
80 d early
2024
80 d early
2023
71 d early
2022
98 d early
2021
63 d early
2020
48 d early
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€363k▲ 15.0%
2024 · €316k
2019: €127klowest in 7 years
2020: €168k▲ +32.8% vs 2019
2021: €203k▲ +20.5% vs 2020
2022: €248k▲ +22.2% vs 2021
2023: €274k▲ +10.6% vs 2022
2024: €316k▲ +15.0% vs 2023
2025: €363k▲ +15.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€697k▲ 3.9%
2024 · €671k
2019: €795khighest in 7 years
2020: €749k▼ -5.8% vs 2019
2021: €748k● -0.0% vs 2020
2022: €684k▼ -8.6% vs 2021
2023: €662k▼ -3.2% vs 2022lowest in 7 years
2024: €671k▲ +1.4% vs 2023
2025: €697k▲ +3.9% vs 2024
2019 → 2025
Net result
€47k▼ 20.1%
2024 · €59k
2019: €63khighest in 7 years
2020: €42k▼ -33.6% vs 2019
2021: €35k▼ -17.0% vs 2020lowest in 7 years
2022: €57k▲ +65.0% vs 2021
2023: €35k▼ -38.2% vs 2022
2024: €59k▲ +68.3% vs 2023
2025: €47k▼ -20.1% vs 2024
2019 → 2025
Working capital
€12k
2024 · €-31k
2019: €12k
2020: €42k▲ +247% vs 2019
2021: €63k▲ +49.2% vs 2020highest in 7 years
2022: €-13k▼ -120% vs 2021
2023: €-52k▼ -312% vs 2022lowest in 7 years
2024: €-31k▲ +40.1% vs 2023
2025: €12k▲ +138% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€203k-€248k▲ 22.2%€274k▲ 10.6%€316k▲ 15.0%€363k▲ 15.0%
2021: €203klowest in 5 years
2022: €248k▲ +22.2% vs 2021
2023: €274k▲ +10.6% vs 2022
2024: €316k▲ +15.0% vs 2023
2025: €363k▲ +15.0% vs 2024highest in 5 years
Operating result€36k-€76k▲ 114%€58k▼ 23.9%€83k▲ 43.2%€69k▼ 17.6%
2021: €36klowest in 5 years
2022: €76k▲ +114% vs 2021
2023: €58k▼ -23.9% vs 2022
2024: €83k▲ +43.2% vs 2023highest in 5 years
2025: €69k▼ -17.6% vs 2024
Net result€35k-€57k▲ 65.0%€35k▼ 38.2%€59k▲ 68.3%€47k▼ 20.1%
2021: €35klowest in 5 years
2022: €57k▲ +65.0% vs 2021
2023: €35k▼ -38.2% vs 2022
2024: €59k▲ +68.3% vs 2023highest in 5 years
2025: €47k▼ -20.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €697k
Fixed assets
€593k ▼ 1.6%
Current assets
€104k ▲ 52.1%
Equity and liabilities €697k
Equity
€363k ▲ 15.0%
Debt
€334k ▼ 6.0%
Debt's share of the balance-sheet total falls from 53.0% to 48.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▼
2024 · €97k
Cash flow
€61k▼
2024 · €73k
Current ratio
1.13▲
2024 · 0.69
Debt to equity
0.92▼
2024 · 1.13
ROE
13.0%▼
2024 · 18.8%
ROA
6.8%▼
2024 · 8.8%
Interest coverage
8.54▼
2024 · 10.27
Debt ≤ 1 year
€93k▼
2024 · €100k
Debt > 1 year
€234k▼
2024 · €251k
Income taxes
€12k▼
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€671k€697k▲
Fixed assets21/28€603k€593k▼
Tangible fixed assets22/27€228k€218k▼
Land and buildings22€228k€214k▼
Furniture and vehicles24-€4k
Financial fixed assets28€375k€375k=
Current assets29/58€69k€104k▲
Amounts receivable within one year40/41€12k€16k▲
Trade receivables40€6k€6k▲
Other amounts receivable41€6k€10k▲
Cash at bank and in hand54/58€52k€83k▲
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€671k€697k▲
Equity10/15€316k€363k▲
Contributions10/11€19k€19k=
Reserves13€297k€344k▲
Distributable reserves133€297k€344k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€356k€334k▼
Amounts payable after more than one year17€251k€234k▼
Financial debts170/4€251k€234k▼
Amounts payable within one year42/48€100k€93k▼
Current portion of amounts payable after more than one year42€21k€21k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Other amounts payable47/48€67k€65k▼
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€102k€87k▼
Operating profit (loss)9901€83k€69k▼
Financial income75/76B€369€366▼
Recurring financial income75€369€366▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€74k€59k▼
Income taxes67/77€15k€12k▼
Profit (loss) for the period9904€59k€47k▼
Profit (loss) for the period to be appropriated9905€59k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€47k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€41k€47k▲
To other reserves6921€41k€47k▲
Profit to be distributed694/7€18k€0▼
Return on contributions (dividend)694€18k€0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €14k | €14k | €14k | €14k | ▲ 0.1% |
| Other operating charges640/8 | - | €4k | €4k | €5k | €5k | ▲ 3.1% |
| Gross operating margin9900 | €53k | €94k | €77k | €102k | €87k | ▼ 14.3% |
| Operating profit (loss)9901 | €36k | €76k | €58k | €83k | €69k | ▼ 17.6% |
| Financial income75/76B | - | €0 | - | €369 | €366 | ▼ 0.7% |
| Recurring financial income75 | €15k | €0 | - | €369 | €366 | ▼ 0.7% |
| Financial charges65/66B | - | €10k | €10k | €9k | €10k | ▲ 2.2% |
| Recurring financial charges65 | €11k | €10k | €10k | €9k | €10k | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €40k | €67k | €49k | €74k | €59k | ▼ 20.1% |
| Income taxes67/77 | €6k | €10k | €13k | €15k | €12k | ▼ 19.9% |
| Profit (loss) for the period9904 | €35k | €57k | €35k | €59k | €47k | ▼ 20.1% |
| Profit (loss) for the period to be appropriated9905 | €35k | €57k | €35k | €59k | €47k | ▼ 20.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €748k | €684k | €662k | €671k | €697k | ▲ 3.9% |
| Fixed assets21/28 | €642k | €631k | €617k | €603k | €593k | ▼ 1.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €270k | €256k | €242k | €228k | €218k | ▼ 4.3% |
| Land and buildings22 | - | €256k | €242k | €228k | €214k | ▼ 6.1% |
| Furniture and vehicles24 | - | - | - | - | €4k | - |
| Financial fixed assets28 | €372k | €375k | €375k | €375k | €375k | = |
| Current assets29/58 | €106k | €53k | €45k | €69k | €104k | ▲ 52.1% |
| Amounts receivable within one year40/41 | €8k | €8k | €21k | €12k | €16k | ▲ 41.2% |
| Trade receivables40 | - | €6k | €6k | €6k | €6k | ▲ 2.3% |
| Other amounts receivable41 | - | €3k | €15k | €6k | €10k | ▲ 82.4% |
| Cash at bank and in hand54/58 | €98k | €40k | €20k | €52k | €83k | ▲ 59.7% |
| Deferred charges and accrued income490/1 | - | €4k | €5k | €5k | €5k | ▲ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €748k | €684k | €662k | €671k | €697k | ▲ 3.9% |
| Equity10/15 | €203k | €248k | €274k | €316k | €363k | ▲ 15.0% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €190k | €229k | €256k | €297k | €344k | ▲ 15.9% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €229k | €256k | €297k | €344k | ▲ 15.9% |
| Profit (loss) carried forward14 | €731 | €544 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €545k | €436k | €388k | €356k | €334k | ▼ 6.0% |
| Amounts payable after more than one year17 | €499k | €368k | €286k | €251k | €234k | ▼ 6.8% |
| Financial debts170/4 | - | €368k | €286k | €251k | €234k | ▼ 6.8% |
| Amounts payable within one year42/48 | €43k | €65k | €97k | €100k | €93k | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €35k | €35k | €21k | €21k | ▲ 2.0% |
| Trade debts44 | €1k | €4k | €5k | €5k | €3k | ▼ 48.9% |
| Suppliers440/4 | - | €4k | €5k | €5k | €3k | ▼ 48.9% |
| Taxes, remuneration and social security45 | - | €5k | €5k | €7k | €4k | ▼ 38.7% |
| Taxes450/3 | - | €5k | €5k | €7k | €4k | ▼ 38.7% |
| Other amounts payable47/48 | - | €22k | €52k | €67k | €65k | ▼ 3.7% |
| Accrued charges and deferred income492/3 | - | €3k | €4k | €5k | €8k | ▲ 54.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €57k | €35k | €59k | €47k | ▼ 20.1% |
| + Depreciation and write-downs630 | €17k | €14k | €14k | €14k | €14k | ▲ 0.1% |
| Operating cash flow (approximation) | €52k | €71k | €49k | €73k | €61k | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €-4k | - |
| Change in cash | - | €-57k | €-21k | €32k | €31k | ▼ 3.5% |
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
2025
12-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-06
Financial
Weakest financial yearnet €35k ▼17%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €200kEq €203k ▲20.5%
3 profitable years in a row build equity to €203k.
2020
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €150kEq €168k ▲32.8%
2 profitable years in a row build equity to €168k.
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
23-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waregem · 1 establishment unit since 2015
Ground area
532 m²
Building footprint
83 m²
Volume, LiDAR
500 m³
Parcel 34010A0406/00B002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STEMIECOL
since 20152.247.826.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0406/00B002 | Flanders | 532 m² | 1 · 83 m² | 9.3 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,986 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
Founded27-11-2015
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.