Stemy Belgium
ActiveSummary
Stemy Belgium has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45k and a net result of €24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-23
Solvency43▲+11
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.84 in 2023; short-term debt: 82% and cash: 9.8% of total assets), and 82% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18%
Return on assets
9.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 37956 sector peers (2024).
NBB · sector comparisonPosition among 37956 sector peers
Solvency
better than 19%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €45k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
51 d late
2022
88 d late
2021
2 d early
2020
54 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€1.06M
EBIT margin
2.7%
Net result
€24k▼ 48.9%
2023 · €48k
2018: €118k
2019: €148k
2020: €179k
2021: €229k
2022: €122k
2023: €48k
2018 → 2024
Working capital
€-2k▲ 94.8%
2023 · €-41k
2018: €124k
2019: €251k
2020: €403k
2021: €123k
2022: €-28k
2023: €-41k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.06M
Equity€451k-€192k▼ 57.4%€24k▼ 87.5%€21k▼ 13.8%€45k▲ 118%
Operating result€220k-€285k▲ 29.7%€140k▼ 50.9%€63k▼ 55.2%€28k▼ 54.9%
Net result€179k-€229k▲ 27.9%€122k▼ 46.8%€48k▼ 60.8%€24k▼ 48.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 55% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €250k
Fixed assets
€47k ▼ 24.1%
Current assets
€203k ▼ 5.0%
Equity and liabilities €250k
Equity
€45k ▲ 118%
Debt
€205k ▼ 19.6%
Debt's share of the balance-sheet total falls from 92.5% to 82.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▼
2023 · €86k
Cash flow
€47k▼
2023 · €70k
Current ratio
0.99▲
2023 · 0.84
Debt to equity
4.56▼
2023 · 12.36
ROE
54.2%▼
2023 · 231.2%
ROA
9.7%▼
2023 · 17.3%
Interest coverage
76.59▲
2023 · 71.21
Debt ≤ 1 year
€205k▼
2023 · €255k
Income taxes
€8k▼
2023 · €16k
Staff costs
€264k▲
2023 · €233k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€276k€250k▼
Fixed assets21/28€62k€47k▼
Tangible fixed assets22/27€57k€42k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€33k€23k▼
Other tangible fixed assets26€21k€18k▼
Financial fixed assets28€5k€5k=
Current assets29/58€214k€203k▼
Amounts receivable after more than one year29€82k€138k▲
Trade receivables290€82k€138k▲
Amounts receivable within one year40/41€11k-
Trade receivables40€11k-
Cash at bank and in hand54/58€73k€25k▼
Deferred charges and accrued income490/1€48k€40k▼
Equity and liabilities
Total equity and liabilities10/49€276k€250k▼
Equity10/15€21k€45k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€169€25k▲
Amounts payable17/49€255k€205k▼
Amounts payable within one year42/48€255k€205k▼
Trade debts44€15k€100k▲
Suppliers440/4€15k€100k▲
Taxes, remuneration and social security45€189k€105k▼
Taxes450/3€109k€72k▼
Remuneration and social security454/9€80k€33k▼
Other amounts payable47/48€51k-
Income statement
Code20232024
Turnover70-€1.06M
Goods, raw materials, services and sundry goods60/61-€757k
Remuneration, social security and pensions62€233k€264k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€320k€317k▼
Operating profit (loss)9901€63k€28k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€1k€667▼
Recurring financial charges65€1k€667▼
Profit (loss) for the period before taxes9903€64k€32k▼
Income taxes67/77€16k€8k▼
Profit (loss) for the period9904€48k€24k▼
Profit (loss) for the period to be appropriated9905€48k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€25k▼
Profit (loss) brought forward from the previous period14P€3k€169▼
Profit to be distributed694/7€51k-
Return on contributions (dividend)694€51k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
31-12
Financial
Weakest financial yearnet €24k ▼48.9%
Net result drops to €24k, the lowest in the series.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €229k ▲27.9%
Operating result €285k, net result €229k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €200kEq €272k ▲119%
2 profitable years in a row build equity to €272k.
24-07
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.
Directors · office · real estate
Directors
5 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, Elsene · 3 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 541050 ElseneGround area
3,100 m²
Building footprint
1,607 m²
Volume, LiDAR
36,705 m³
4 parcels, Brussels, Flanders · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
3 establishment units
Mozartsteeg 6, 1083 Ganshoren
since 20172.263.900.024
Galgestraat 46, 1750 Lennik
since 20202.308.092.531
Breydelstraat 34, 1040 Brussel
since 20212.315.522.236
4 parcels
Flanders
1
(25%)
Brussels
3
(75%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
| 23075A0136/00D000 | Flanders | 1,185 m² | 1 · 179 m² | 0.0 m |
| 21806F0477/00K009 | Brussels | 151 m² | 1 · 83 m² | 17.9 m · 5 fl. |
| 21392A0008/00V002 | Brussels | 139 m² | 1 · 59 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ATELIER 76
BE 0835.884.929
Beersel · Eq €44,997
JtC Consult
BE 0797.674.748
Sint-Pieters-Woluwe · Eq €44,998
Heylen Consulting
BE 0734.946.036
Mechelen · Eq €44,988
SPILLIN
BE 0445.255.338
Hooglede · Eq €45,001
QCO Management
BE 0795.478.984
Deinze · Eq €44,984
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 37,511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.