STIMO
ActiveFrom the official registers: KBO 36 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
STIMO has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €495,109 and a net result of €1,184. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 78% of 5,786 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 01-09-1989 Normal situation
- Legal form
- Public limited company
- Registered office
- Schupstraat 17, 2018 Antwerpen
- Activity
- Real estate agency activities NACE 68310and 1 other
- Establishment unit
- 2.044.852.050 2018 Antwerpen, since 22-09-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 27-08-2025
Who decides
- TEMKIN Orry MordehaiManaging director
- DIACORE BELGIUMDirector · permanent representative TEICHMAN Shahaf Yaakov Zvi
- Auditor
- Figurad Bedrijfsrevisoren
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €150,650
- ▼ 1.5%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €1,184
- ▼ 60.8%
- Equity
- €495,109
- ▲ 0.2%
- Total assets
- €644,597
- ▲ 0.9%
- Staff
- 1.4 FTE
- =
Why 96lowers riskFounded in 1989Size: 1.4 FTE, total assets €644,597Equity €495,109 (76.8% of total assets)Figures for financial year 2025 (filed 29-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 91% on solvency, 69% on liquidity, 54% on profitability and 46% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 109 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, full format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 29-06-2026
- Format
- full format
- Reference
- 2026-00214730
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 27% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,041 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €10,878 | €266 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €49,098 | €65,563 | €72,656 | €74,032 | €78,344 | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,777 | €42,212 | €47,833 | €52,725 | €52,500 | €37,915 | €32,868 | €28,558 | ▼ 13.1% |
| Other operating charges640/8 | - | - | - | €30,413 | €30,311 | €33,851 | €34,841 | €35,536 | ▲ 2.0% |
| Gross operating margin9900 | €206,662 | €207,245 | €201,691 | €166,875 | €156,305 | €165,229 | €152,994 | €150,650 | ▼ 1.5% |
| Operating profit (loss)9901 | €35,847 | €28,907 | €69,593 | €34,639 | €7,931 | €20,808 | €11,253 | €8,212 | ▼ 27.0% |
| Financial income75/76B | - | - | - | €0 | €11 | - | €446 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €1 | €0 | €0 | €11 | - | €446 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €11,063 | €12,405 | €6,763 | €7,081 | €6,330 | ▼ 10.6% |
| Recurring financial charges65 | €12,494 | €11,454 | €10,906 | €11,063 | €12,405 | €6,763 | €7,081 | €6,330 | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €23,352 | €17,453 | €58,687 | €23,575 | -€4,463 | €14,045 | €4,617 | €1,882 | ▼ 59.2% |
| Income taxes67/77 | €7,653 | €5,417 | €16,140 | €6,681 | €2 | €3,290 | €1,599 | €698 | ▼ 56.4% |
| Profit (loss) for the period9904 | €15,699 | €12,037 | €42,547 | €16,894 | -€4,465 | €10,755 | €3,019 | €1,184 | ▼ 60.8% |
| Profit (loss) for the period to be appropriated9905 | €15,699 | €12,037 | €42,547 | €16,894 | -€4,465 | €10,755 | €3,019 | €1,184 | ▼ 60.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €673,437 | €672,992 | €688,755 | €665,493 | €623,206 | €651,079 | €638,551 | €644,597 | ▲ 0.9% |
| Fixed assets21/28 | €637,693 | €660,315 | €671,365 | €636,006 | €606,657 | €616,437 | €602,276 | €581,184 | ▼ 3.5% |
| Tangible fixed assets22/27 | €637,693 | €660,315 | €671,365 | €636,006 | €606,657 | €616,437 | €602,276 | €581,184 | ▼ 3.5% |
| Land and buildings22 | - | - | - | €471,530 | €451,320 | €446,728 | €446,598 | €446,468 | = |
| Plant, machinery and equipment23 | - | - | - | €164,477 | €155,337 | €169,708 | €155,677 | €134,716 | ▼ 13.5% |
| Current assets29/58 | €35,745 | €12,677 | €17,390 | €29,487 | €16,548 | €34,643 | €36,276 | €63,413 | ▲ 74.8% |
| Amounts receivable within one year40/41 | €312 | €2,580 | €802 | €5,748 | €5,352 | €211 | €166 | €20,737 | ▲ 125× |
| Trade receivables40 | - | - | - | €4,555 | €3,022 | €9 | - | €19,923 | - |
| Other amounts receivable41 | - | - | - | €1,193 | €2,329 | €202 | €166 | €815 | ▲ 391% |
| Cash at bank and in hand54/58 | €28,893 | €4,666 | €13,381 | €18,732 | €5,655 | €31,417 | €32,642 | €39,174 | ▲ 20.0% |
| Deferred charges and accrued income490/1 | - | - | - | €5,007 | €5,542 | €3,015 | €3,468 | €3,502 | ▲ 1.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €673,437 | €672,992 | €688,755 | €665,493 | €623,206 | €651,079 | €638,551 | €644,597 | ▲ 0.9% |
| Equity10/15 | €413,137 | €425,174 | €467,721 | €484,616 | €480,151 | €490,906 | €493,924 | €495,109 | ▲ 0.2% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | - | - | - | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | - | - | - | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €288,137 | €300,174 | €342,721 | €359,616 | €359,616 | €365,906 | €368,924 | €370,109 | ▲ 0.3% |
| Non-distributable reserves130/1 | - | - | - | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Legal reserve130 | - | - | - | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Distributable reserves133 | - | - | - | €347,116 | €347,116 | €353,406 | €356,424 | €357,609 | ▲ 0.3% |
| Profit (loss) carried forward14 | - | - | - | - | -€4,465 | - | - | - | - |
| Amounts payable17/49 | €260,300 | €247,817 | €221,033 | €180,878 | €143,055 | €160,174 | €144,627 | €149,489 | ▲ 3.4% |
| Amounts payable after more than one year17 | €215,515 | €195,515 | €165,515 | €155,515 | €120,515 | €120,515 | €120,515 | €100,515 | ▼ 16.6% |
| Financial debts170/4 | - | - | - | €155,515 | €120,515 | €120,515 | €120,515 | €100,515 | ▼ 16.6% |
| Amounts payable within one year42/48 | €44,785 | €52,303 | €55,519 | €25,363 | €22,540 | €39,659 | €24,112 | €26,184 | ▲ 8.6% |
| Trade debts44 | €22,205 | €27,705 | €26,053 | €15,547 | €13,544 | €20,720 | €12,515 | €10,948 | ▼ 12.5% |
| Suppliers440/4 | - | - | - | €15,547 | €13,544 | €20,720 | €12,515 | €10,948 | ▼ 12.5% |
| Taxes, remuneration and social security45 | - | - | - | €9,816 | €8,996 | €18,939 | €10,927 | €14,714 | ▲ 34.7% |
| Taxes450/3 | - | - | - | €8,922 | €4,684 | €10,553 | €4,778 | €5,459 | ▲ 14.2% |
| Remuneration and social security454/9 | - | - | - | €894 | €4,312 | €8,386 | €6,148 | €9,256 | ▲ 50.5% |
| Other amounts payable47/48 | - | - | - | - | - | - | €671 | €521 | ▼ 22.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €22,790 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,699 | €12,037 | €42,547 | €16,894 | -€4,465 | €10,755 | €3,019 | €1,184 | ▼ 60.8% |
| + Depreciation and write-downs630 | €38,777 | €42,212 | €47,833 | €52,725 | €52,500 | €37,915 | €32,868 | €28,558 | ▼ 13.1% |
| Operating cash flow (approximation) | €54,477 | €54,249 | €90,380 | €69,620 | €48,035 | €48,670 | €35,887 | €29,743 | ▼ 17.1% |
| Investment in fixed assets (approximation) | - | -€64,835 | -€58,883 | -€17,367 | -€23,151 | -€47,694 | -€18,707 | -€7,467 | ▲ 60.1% |
| Change in cash | - | -€24,226 | €8,715 | €5,351 | -€13,078 | €25,762 | €1,225 | €6,532 | ▲ 433% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-06-2026 | 2026-00214730 | NBB |
| 31-12-2024 | abbreviated format | 27-08-2025 | 2025-00445188 | |
| 31-12-2023 | abbreviated format | 21-08-2024 | 2024-00361225 | |
| 31-12-2022 | abbreviated format | 18-12-2023 | 2023-00531006 | |
| 31-12-2021 | abbreviated format | 06-02-2023 | 2023-00025203 | |
| 31-12-2020 | abbreviated format | 23-12-2021 | 2021-81600382 | |
| 31-12-2019 | abbreviated format | 28-04-2021 | 2021-11600246 | |
| 31-12-2018 | abbreviated format | 15-11-2019 | 2019-73700427 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-59700104 | |
| 31-12-2016 | full format | 20-07-2017 | 2017-34900573 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 1
Statutory auditor 1
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| DIACORE BELGIUM |
|
| TEMKIN Orry Mordehai |
|
| Figurad Bedrijfsrevisoren |
|
How the board is organised
- Board ruleHow the board is made up, meets and takes decisions.
- “3, te allen tijde zonder opgave van redenen met onmiddellijke ingang”
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, zoals inzake statutenwijziging”
Articles of association, deed of 27-02-2024 (in Dutch)
Owners and capital
Capital and shareholders
- 27-02-2024 Capital stated in the deed · €125,000 · 500 shares
Shares according to the articles of association
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam op vennootschapszetel”
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Toegang tot de algemene vergadering, rechten niet geschorst”Other provision: “Beraadslagingen, gewone meerderheid uitgebrachte stemmen (50+1) ongeacht vertegenwoordigde effecten behalve wet of statuten anders”1 more provision in the deed, see the deed of 27-02-2024
Articles of association, deed of 27-02-2024 (in Dutch)
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-08
Gazette deed
Reappointment: Figurad Bedrijfsrevisoren (statutory auditor)2 facts ▸
- General meeting, 26-06-2026
- Auditor reappointment, Figurad Bedrijfsrevisoren (statutory auditor)
27-02
Gazette deed
Reappointments: DIACORE BELGIUM, TEMKIN Orry Mordehai and Figurad BedrijfsrevisorenPermanent representative: TEICHMAN Shahaf Yaakov Zvi · Appointment: TEMKIN Orry Mordehai (managing director) · Amendment of the articles11 facts ▸
- General meeting, 16-02-2024
- Amendment of the articles (2 times)
- Capital, €125,000
- Power of attorney, Melissa Saelens
- Director reappointment, DIACORE BELGIUM (director (not named in the articles))
- Permanent representative, TEICHMAN Shahaf Yaakov Zvi
- Director reappointment, TEMKIN Orry Mordehai (director (not named in the articles))
- Director appointment, TEMKIN Orry Mordehai (managing director)
- Auditor reappointment, Figurad Bedrijfsrevisoren (statutory auditor)
- Registered office clause, “Schupstraat 17,2018 Antwerpen” (deed in Dutch)
- Power of attorney
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het aankopen,verkopen,ruilen,omvormen,bouwen,verbouwen,afbreken,herbouwen,exploiteren,beheren,huren,verhuren van alle gebouwde…”
5 activities
- Het aankopen,verkopen,ruilen,omvormen,bouwen,verbouwen,afbreken,herbouwen,exploiteren,beheren,huren,verhuren van alle gebouwde eigendommen,het aankopen,verkopen,ruilen,verkavelen,aanpassen door urbanisatie,riolering,wegenaanleg,het inrichten,exploiteren en urbaniseren van nieuwe residentiële woonwijken of andere,het kopen,verkopen en verwerken van gronden,in één woord alle onroerende verrichtingen en handelingen,zowel in België als in het buitenland voor eigen rekening,voor rekening van derden of in deelname met derden,ontwerpen aangaan,uitvoeren,doen uitvoeren of bevorderen,het optreden als promotor en coördinator van alle bouwwerken,onbebouwde en bebouwde onroerende goederen
- Het huren en verhuren,beheren en uitbaten onder alle vormen van dergelijke goederen,dit alles in binnen- en buitenland,als hoofdhandelaar,bemiddelaar,makelaar en commissionair
- De studie en bevordering van onroerende en financiële ontwerpen en initiatieven,evenals technische,bouwkundige,juridische,commerciële,financiële en industriële studies in verband met alle hoegenaamde onroerende en financiële verrichtingen en promoties,voor eigen rekening en voor rekening van derden
- Het opsporen,bedingen en vastleggen van alle financiële middelen en hulpbronnen nodig om de nodige doelstellingen te verwezenlijken
- Het kopen en verkopen,invoeren en uitvoeren,fabriceren van alle soorten bouwmaterialen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- STIMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “grenzen van hun volmacht. Organisatie Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, op…”
Articles of association, deed of 27-02-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11808H1176/00N011 | Flanders | 297 m² | 1 · 256 m² | 35.0 m · 9 |