STVM
Annual accounts 2025
micro format, filed on 20-05-2026, 72 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €130,000 and €190,000.
Balance sheet
balance sheet total €193,281 on 31-12-2025in euro
in euro
Position in the sector
90.3%
Higher than 89% of 22,044 companies in 2025.
10.96
Higher than 90% of 21,344 companies in 2025.
31.0%
Higher than 69% of 21,535 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
193,281 | 136,445 | 70,835 | |
21/28 |
2,403 | 2,525 | 3,808 | |
22/27 |
2,403 | 2,525 | 3,808 | |
23 |
1,683 | 964 | 1,407 | |
24 |
720 | 1,560 | 2,400 | |
29/58 |
190,878 | 133,921 | 67,027 | |
40/41 |
121,118 | 13,014 | 33,570 | |
40 |
31,025 | 12,375 | 33,508 | |
41 |
90,093 | 639 | 62 | |
50/53 |
57,616 | 90,105 | - | |
54/58 |
11,163 | 30,230 | 32,854 | |
490/1 |
980 | 572 | 603 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
193,281 | 136,445 | 70,835 | |
10/15 |
174,582 | 114,728 | 51,838 | |
10/11 |
5,000 | 5,000 | 5,000 | |
13 |
109,728 | 109,728 | 46,838 | |
133 |
109,728 | 109,728 | 46,838 | |
14 |
59,854 | - | - | |
17/49 |
18,698 | 21,717 | 18,997 | |
42/48 |
17,417 | 20,511 | 18,997 | |
43 |
56 | 90 | 408 | |
430/8 |
56 | 90 | 408 | |
44 |
2,222 | 1,522 | 2,325 | |
440/4 |
2,222 | 1,522 | 2,325 | |
45 |
15,139 | 16,447 | 16,082 | |
450/3 |
15,139 | 16,447 | 16,082 | |
47/48 |
- | 2,452 | 182 | |
492/3 |
1,281 | 1,207 | - | |
| Income statement | ||||
76A |
36 | - | - | |
9900 |
75,747 | 83,975 | 61,789 | |
630 |
932 | 1,283 | 484 | |
640/8 |
120 | 118 | 392 | |
9901 |
74,695 | 82,574 | 60,912 | |
75/76B |
3,427 | 158 | - | |
75 |
3,427 | 158 | - | |
65/66B |
2,636 | 2,518 | 2,046 | |
65 |
2,636 | 2,518 | 2,046 | |
9903 |
75,486 | 80,215 | 58,866 | |
67/77 |
15,631 | 16,466 | 12,028 | |
9904 |
59,854 | 63,749 | 46,838 | |
9905 |
59,854 | 63,749 | 46,838 | |
| Appropriation of the result | ||||
9906 |
59,854 | 63,749 | 46,838 | |
691/2 |
- | 62,890 | 46,838 | |
6921 |
- | 62,890 | 46,838 | |
694/7 |
- | 859 | - | |
694 |
- | 859 | - | |
| Document | ||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 75,627 | 83,857 | 61,397 | ||
| 60,787 | 65,032 | 47,323 | ||
| 1,775 | 0 | 4,292 | ||
| -19,067 | -2,624 | - | ||
| 173,460 | 113,410 | 48,031 | ||
| 90.3% | 84.1% | 73.2% | ||
| 10.96 | 6.53 | 3.53 | ||
| 0.11 | 0.19 | 0.37 | ||
| 34.3% | 55.6% | 90.4% | ||
| 31.0% | 46.7% | 66.1% | ||
| 28.69 | 33.30 | 30.01 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €1,775 | - | €4,292 |
| €932 | €1,283 | €484 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on STVM
The operating result for 2025 is 10% lower than in 2024.
Debt's share of the balance-sheet total falls from 15.9% to 9.7%. Equity is higher and debt is lower.