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STMAY

Active
Private limited companyfounded 20233 yrs activeKaarderslaan 1, 9160 Lokeren, BelgiumKBO/BCE: BE 0800.374.120
Summary

The computed 12-month bankruptcy probability of STMAY is 2.7% (moderate). The 2025 annual accounts show equity of €22,827 and a net result of -€16,567. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 812 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability4▼-83
Solvency41▼-24
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.1 against 1.46 in 2024; short-term debt: 83.6% and cash: 2.4% of total assets), and 83.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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 2025
Solvency, return and age of the figures
Solvency
16.4%
Return on assets
-11.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 3 filings
Deviation from the deadline
2025
28 d late
2024
24 d early
2023
8 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 August (3 of the last 3 filed years within 33 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

STMAY was incorporated on 4 April 2023 as a Private limited company.1 Total assets fell from EUR 345,174 in 2023 to EUR 139,000 in 2025 and headcount from 14.5 to 5.9 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€22,827▼ 42.1%
2024 · €39,394
Total assets
€139,000▲ 40.6%
2024 · €98,861
Net result
-€16,567
2024 · €14,393
Working capital
€12,036▼ 55.9%
2024 · €27,272
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€7,030-€21,437▲ 205%-€16,004
Net result€5,001below the sector's middle half-€14,393within the sector's middle half▲ 188%-€16,567below the sector's middle half
Equity€25,001below the sector's middle half-€39,394below the sector's middle half▲ 57.6%€22,827below the sector's middle half▼ 42.1%
Total assets€345,174below the sector's middle half-€98,861below the sector's middle half▼ 71.4%€139,000below the sector's middle half▲ 40.6%
Debt€320,173-€59,468▼ 81.4%€116,174▲ 95.4%
Working capital€16,536within the sector's middle half-€27,272within the sector's middle half▲ 64.9%€12,036within the sector's middle half▼ 55.9%
Solvency7.2%below the sector's middle half-39.8%within the sector's middle half▲ 32.6pp16.4%within the sector's middle half▼ 23.4pp
Current ratio1.05within the sector's middle half-1.46within the sector's middle half▲ 0.411.10within the sector's middle half▼ 0.35
Return on assets (ROA)1.4%within the sector's middle half-14.6%above the sector's middle half▲ 13.1pp-11.9%below the sector's middle half▼ 26.5pp
Staff (FTE)14.5above the sector's middle half-7.8within the sector's middle half▼ 46.2%5.9within the sector's middle half▼ 24.4%
above within below the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2023: €7,030€7,030Net result 2023: €5,001€5,001Operating result 2024: €21,437€21,437Net result 2024: €14,393€14,393Operating result 2025: -€16,004-€16,004Net result 2025: -€16,567-€16,567202320242025-€20,000-€10,000€0€10,000€20,000Operating result 2023: €7,030€7,030Net result 2023: €5,001€5,000Operating result 2024: €21,437€21,400Net result 2024: €14,393€14,400Operating result 2025: -€16,004-€16,000Net result 2025: -€16,567-€16,600202320242025
The operating result turns negative in 2025: a loss of €16,004 after €21,437 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,000
Fixed assets €10,791 ▼ 11.0%
Current assets €128,209 ▲ 47.8%
Equity and liabilities €139,000
Equity €22,827 ▼ 42.1%
Debt €116,174 ▲ 95.4%
Debt's share of the balance-sheet total rises from 60.2% to 83.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€14,673▼
2024 · €22,655
Cash flow
-€15,236▼
2024 · €15,611
Debt to equity
5.09▲
2024 · 1.51
ROE
-72.6%▼
2024 · 36.5%
Interest coverage
-35.99▼
2024 · 11.00
Debt ≤ 1 year
€116,174▲
2024 · €59,468
Income taxes
€164▼
2024 · €4,987
Staff costs
€324,660▼
2024 · €399,520
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,206 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
4.1% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,206 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€98,861€139,000▲
Fixed assets21/28€12,122€10,791▼
Tangible fixed assets22/27€4,697€3,366▼
Plant, machinery and equipment23€4,697€3,366▼
Financial fixed assets28€7,425€7,425=
Current assets29/58€86,739€128,209▲
Amounts receivable within one year40/41€59,535€117,724▲
Trade receivables40€40,927€117,317▲
Other amounts receivable41€18,608€406▼
Cash at bank and in hand54/58€9,362€3,316▼
Deferred charges and accrued income490/1€17,843€7,169▼
Equity and liabilities
Total equity and liabilities10/49€98,861€139,000▲
Equity10/15€39,394€22,827▼
Contributions10/11€20,000€20,000=
Reserves13€19,394€2,827▼
Distributable reserves133€19,394€2,827▼
Amounts payable17/49€59,468€116,174▲
Amounts payable within one year42/48€59,468€116,174▲
Trade debts44€17,203€46,361▲
Suppliers440/4€17,203€46,361▲
Taxes, remuneration and social security45€41,437€39,006▼
Taxes450/3€8,118€5,151▼
Remuneration and social security454/9€33,320€33,855▲
Other amounts payable47/48€827€30,807▲
Income statement Code20242025
Remuneration, social security and pensions62€399,520€324,660▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,218€1,331▲
Other operating charges640/8€9,814€11,430▲
Gross operating margin9900€431,990€321,417▼
Operating profit (loss)9901€21,437-€16,004▼
Financial income75/76B€3€9▲
Recurring financial income75€3€9▲
Financial charges65/66B€2,060€408▼
Recurring financial charges65€2,060€408▼
Profit (loss) for the period before taxes9903€19,379-€16,403▼
Income taxes67/77€4,987€164▼
Profit (loss) for the period9904€14,393-€16,567▼
Profit (loss) for the period to be appropriated9905€14,393-€16,567▼
Appropriation of the result
Profit (loss) to be appropriated9906€14,393-€16,567▼
Transfer from equity791/2-€16,567
Transfer to equity691/2€14,393-
To other reserves6921€14,393-
Social balance
Average headcount (FTE)90877.85.9▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€501,683€399,520€324,660▼ 18.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€740€1,218€1,331▲ 9.3%
Other operating charges640/8€7,526€9,814€11,430▲ 16.5%
Gross operating margin9900€516,978€431,990€321,417▼ 25.6%
Operating profit (loss)9901€7,030€21,437-€16,004▼ 175%
Financial income75/76B€506€3€9▲ 255%
Recurring financial income75€506€3€9▲ 255%
Financial charges65/66B€686€2,060€408▼ 80.2%
Recurring financial charges65€686€2,060€408▼ 80.2%
Profit (loss) for the period before taxes9903€6,850€19,379-€16,403▼ 185%
Income taxes67/77€1,849€4,987€164▼ 96.7%
Profit (loss) for the period9904€5,001€14,393-€16,567▼ 215%
Profit (loss) for the period to be appropriated9905€5,001€14,393-€16,567▼ 215%
Line202320242025Change
Assets
Total assets20/58€345,174€98,861€139,000▲ 40.6%
Fixed assets21/28€8,465€12,122€10,791▼ 11.0%
Tangible fixed assets22/27€5,915€4,697€3,366▼ 28.3%
Plant, machinery and equipment23€5,915€4,697€3,366▼ 28.3%
Financial fixed assets28€2,550€7,425€7,425=
Current assets29/58€336,709€86,739€128,209▲ 47.8%
Amounts receivable within one year40/41€299,410€59,535€117,724▲ 97.7%
Trade receivables40€290,990€40,927€117,317▲ 187%
Other amounts receivable41€8,420€18,608€406▼ 97.8%
Cash at bank and in hand54/58€14,518€9,362€3,316▼ 64.6%
Deferred charges and accrued income490/1€22,781€17,843€7,169▼ 59.8%
Equity and liabilities
Total equity and liabilities10/49€345,174€98,861€139,000▲ 40.6%
Equity10/15€25,001€39,394€22,827▼ 42.1%
Contributions10/11€20,000€20,000€20,000=
Reserves13€5,001€19,394€2,827▼ 85.4%
Distributable reserves133€5,001€19,394€2,827▼ 85.4%
Amounts payable17/49€320,173€59,468€116,174▲ 95.4%
Amounts payable within one year42/48€320,173€59,468€116,174▲ 95.4%
Trade debts44€240,144€17,203€46,361▲ 169%
Suppliers440/4€240,144€17,203€46,361▲ 169%
Taxes, remuneration and social security45€79,202€41,437€39,006▼ 5.9%
Taxes450/3€1,891€8,118€5,151▼ 36.5%
Remuneration and social security454/9€77,311€33,320€33,855▲ 1.6%
Other amounts payable47/48€827€827€30,807▲ 3,623%
Line202320242025Change
Profit (loss) for the period9904€5,001€14,393-€16,567▼ 215%
+ Depreciation and write-downs630€740€1,218€1,331▲ 9.3%
Operating cash flow (approximation)€5,741€15,611-€15,236▼ 198%
Investment in fixed assets (approximation)--€4,875€0▲ 100%
Change in cash--€5,156-€6,045▼ 17.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial Weakest financial yearnet -€16,567
Net result drops to -€16,567, the lowest in the series.
07-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2023net €14,393 ▲188%
Operating result €21,437, net result €14,393, both a record.
08-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Lokeren · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
4,227 m²
Building footprint
1,512 m²
Volume, LiDAR
8,930 m³
Parcel 46014A1069/00F000, Flanders · tallest building 14.3 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
STMAY
Kaarderslaan 1, 9160 LokerenManufacture of food products
since 20232.343.676.089
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46014A1069/00F000 Flanders 4,227 m² 1 · 1,512 m² 14.3 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Eventica 100%
  2. STMAY

Highest known parent: Eventica. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 239 EUR awarded · 227 EUR paid
Year Entries awardedpaid
2025 1 0 EUR227 EUR
2024 1 239 EUR0 EUR
Schemes
2 entries · 239 EUR · 227 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site
Lokeren2.343.676.089
6 permissions
Erkenning · Bewerking visserijproducten · since 14-12-2023
Erkenning · Fabrikant vleesbereidingen · since 25-05-2023
Erkenning · Fabrikant vleesproducten · since 25-05-2023
and 3 more

Similar companies · same sector, comparable size

Of 445 companies in sector 10850 we hold annual accounts for 173. 106 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
Founded04-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
10850Manufacture of food products
10890Manufacture of food products
46170Agents in the wholesale of food, beverages and tobacco
46391Wholesale trade
46392Non-specialised wholesale
Contact
E-mail info@eurodumplings.com
Phone 093366687
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800374120
Also 9925:BE0800374120
Registered 07-09-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.