STEMAR
ActiveSummary
The computed 12-month bankruptcy probability of STEMAR is 1.9% (moderate). The 2025 annual accounts show equity of €250k and a net result of €174k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 18400 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency76▲+32
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.26 in 2024; short-term debt: 48.1% and cash: 72.1% of total assets), and 48.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
51.2%
Return on assets
35.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
13 d early
2023
14 d early
2022
11 d early
2021
5 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€250k▲ 228%
2024 · €76k
2021: €81k
2022: €165k▲ +104% vs 2021
2023: €198k▲ +19.9% vs 2022
2024: €76k▼ -61.5% vs 2023lowest in 5 years
2025: €250k▲ +228% vs 2024highest in 5 years
2021 → 2025
Total assets
€489k▲ 20.4%
2024 · €406k
2021: €202klowest in 5 years
2022: €387k▲ +91.3% vs 2021
2023: €337k▼ -13.0% vs 2022
2024: €406k▲ +20.7% vs 2023
2025: €489k▲ +20.4% vs 2024highest in 5 years
2021 → 2025
Net result
€174k▲ 36.0%
2024 · €128k
2021: €71k
2022: €84k▲ +18.8% vs 2021
2023: €33k▼ -61.0% vs 2022lowest in 5 years
2024: €128k▲ +289% vs 2023
2025: €174k▲ +36.0% vs 2024highest in 5 years
2021 → 2025
Working capital
€253k▲ 198%
2024 · €85k
2021: €79klowest in 5 years
2022: €163k▲ +107% vs 2021
2023: €208k▲ +27.5% vs 2022
2024: €85k▼ -59.2% vs 2023
2025: €253k▲ +198% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€165k▲ 104%€198k▲ 19.9%€76k▼ 61.5%€250k▲ 228%
2021: €81k
2022: €165k▲ +104% vs 2021
2023: €198k▲ +19.9% vs 2022
2024: €76k▼ -61.5% vs 2023lowest in 5 years
2025: €250k▲ +228% vs 2024highest in 5 years
Operating result€90k-€110k▲ 22.2%€46k▼ 57.9%€174k▲ 277%€237k▲ 36.1%
2021: €90k
2022: €110k▲ +22.2% vs 2021
2023: €46k▼ -57.9% vs 2022lowest in 5 years
2024: €174k▲ +277% vs 2023
2025: €237k▲ +36.1% vs 2024highest in 5 years
Net result€71k-€84k▲ 18.8%€33k▼ 61.0%€128k▲ 289%€174k▲ 36.0%
2021: €71k
2022: €84k▲ +18.8% vs 2021
2023: €33k▼ -61.0% vs 2022lowest in 5 years
2024: €128k▲ +289% vs 2023
2025: €174k▲ +36.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489k
Fixed assets
€694 ▲ 163%
Current assets
€488k ▲ 20.3%
Equity and liabilities €489k
Equity
€250k ▲ 228%
Debt
€239k ▼ 27.7%
Debt's share of the balance-sheet total falls from 81.2% to 48.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€237k▲
2024 · €175k
Cash flow
€175k▲
2024 · €129k
Current ratio
2.07▲
2024 · 1.26
Quick ratio
2.03▲
2024 · 1.14
Debt to equity
0.95▼
2024 · 4.32
ROE
69.5%▼
2024 · 167.8%
ROA
35.6%▲
2024 · 31.5%
Interest coverage
291.61▼
2024 · 414.16
Debt ≤ 1 year
€235k▼
2024 · €321k
Income taxes
€66k▲
2024 · €48k
Staff costs
€23k▼
2024 · €32k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€406k€489k▲
Fixed assets21/28€264€694▲
Tangible fixed assets22/27€264€694▲
Plant, machinery and equipment23€264-
Furniture and vehicles24-€694
Current assets29/58€406k€488k▲
Stocks and contracts in progress3€39k€11k▼
Stocks30/36€39k€11k▼
Amounts receivable within one year40/41€71k€120k▲
Trade receivables40€71k€120k▲
Other amounts receivable41€360€500▲
Cash at bank and in hand54/58€290k€353k▲
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€406k€489k▲
Equity10/15€76k€250k▲
Contributions10/11€10k€10k=
Reserves13€66k€240k▲
Distributable reserves133€66k€240k▲
Amounts payable17/49€330k€239k▼
Amounts payable within one year42/48€321k€235k▼
Trade debts44€123k€134k▲
Suppliers440/4€123k€134k▲
Taxes, remuneration and social security45€89k€95k▲
Taxes450/3€86k€92k▲
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€109k€6k▼
Accrued charges and deferred income492/3€9k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€32k€23k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€747€569▼
Other operating charges640/8€905€503▼
Gross operating margin9900€208k€260k▲
Operating profit (loss)9901€174k€237k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€422€813▲
Recurring financial charges65€422€813▲
Profit (loss) for the period before taxes9903€176k€240k▲
Income taxes67/77€48k€66k▲
Profit (loss) for the period9904€128k€174k▲
Profit (loss) for the period to be appropriated9905€128k€174k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€174k▲
Transfer from equity791/2€188k-
Transfer to equity691/2€66k€174k▲
To other reserves6921€66k€174k▲
Profit to be distributed694/7€250k-
Return on contributions (dividend)694€250k-
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5k | €23k | €32k | €23k | ▼ 30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €445 | €21k | €1k | €747 | €569 | ▼ 23.8% |
| Other operating charges640/8 | €460 | €894 | €256 | €905 | €503 | ▼ 44.4% |
| Gross operating margin9900 | €91k | €136k | €71k | €208k | €260k | ▲ 25.1% |
| Operating profit (loss)9901 | €90k | €110k | €46k | €174k | €237k | ▲ 36.1% |
| Financial income75/76B | €0 | €41 | €2k | €2k | €4k | ▲ 70.7% |
| Recurring financial income75 | €0 | €41 | €2k | €2k | €4k | ▲ 70.7% |
| Financial charges65/66B | €209 | €128 | €194 | €422 | €813 | ▲ 92.9% |
| Recurring financial charges65 | €209 | €128 | €194 | €422 | €813 | ▲ 92.9% |
| Profit (loss) for the period before taxes9903 | €90k | €110k | €48k | €176k | €240k | ▲ 36.4% |
| Income taxes67/77 | €18k | €25k | €15k | €48k | €66k | ▲ 37.4% |
| Profit (loss) for the period9904 | €71k | €84k | €33k | €128k | €174k | ▲ 36.0% |
| Profit (loss) for the period to be appropriated9905 | €71k | €84k | €33k | €128k | €174k | ▲ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €202k | €387k | €337k | €406k | €489k | ▲ 20.4% |
| Fixed assets21/28 | €2k | €2k | €1k | €264 | €694 | ▲ 163% |
| Tangible fixed assets22/27 | €2k | €2k | €1k | €264 | €694 | ▲ 163% |
| Plant, machinery and equipment23 | €1k | €2k | €1k | €264 | - | - |
| Furniture and vehicles24 | €729 | €354 | - | - | €694 | - |
| Current assets29/58 | €200k | €385k | €336k | €406k | €488k | ▲ 20.3% |
| Stocks and contracts in progress3 | - | €26k | €14k | €39k | €11k | ▼ 71.4% |
| Stocks30/36 | - | €26k | €14k | €39k | €11k | ▼ 71.4% |
| Amounts receivable within one year40/41 | €39k | €81k | €68k | €71k | €120k | ▲ 68.5% |
| Trade receivables40 | €39k | €81k | €68k | €71k | €120k | ▲ 68.7% |
| Other amounts receivable41 | - | - | - | €360 | €500 | ▲ 38.8% |
| Cash at bank and in hand54/58 | €161k | €278k | €247k | €290k | €353k | ▲ 21.7% |
| Deferred charges and accrued income490/1 | €535 | - | €6k | €6k | €4k | ▼ 30.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €202k | €387k | €337k | €406k | €489k | ▲ 20.4% |
| Equity10/15 | €81k | €165k | €198k | €76k | €250k | ▲ 228% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | €71k | €155k | €188k | €66k | €240k | ▲ 263% |
| Distributable reserves133 | €71k | €155k | €188k | €66k | €240k | ▲ 263% |
| Amounts payable17/49 | €121k | €222k | €138k | €330k | €239k | ▼ 27.7% |
| Amounts payable within one year42/48 | €121k | €222k | €127k | €321k | €235k | ▼ 26.7% |
| Trade debts44 | €79k | €147k | €43k | €123k | €134k | ▲ 8.6% |
| Suppliers440/4 | €79k | €147k | €43k | €123k | €134k | ▲ 8.6% |
| Advances received on contracts in progress46 | €1k | €1k | €1k | - | - | - |
| Taxes, remuneration and social security45 | €41k | €73k | €83k | €89k | €95k | ▲ 7.4% |
| Taxes450/3 | €41k | €72k | €83k | €86k | €92k | ▲ 7.8% |
| Remuneration and social security454/9 | - | €1k | - | €3k | €3k | ▼ 4.2% |
| Other amounts payable47/48 | - | - | €341 | €109k | €6k | ▼ 94.2% |
| Accrued charges and deferred income492/3 | - | €119 | €11k | €9k | €3k | ▼ 63.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71k | €84k | €33k | €128k | €174k | ▲ 36.0% |
| + Depreciation and write-downs630 | €445 | €21k | €1k | €747 | €569 | ▼ 23.8% |
| Operating cash flow (approximation) | €71k | €105k | €34k | €129k | €175k | ▲ 35.6% |
| Investment in fixed assets (approximation) | - | €-21k | €0 | €0 | €-999 | - |
| Change in cash | - | €117k | €-31k | €43k | €63k | ▲ 47.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €174k ▲36%
Operating result €237k, net result €174k, both a record.
31-12
Financial
Equity above €200kEq €250k ▲228%
5 profitable years in a row build equity to €250k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €33k ▼61%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €165k ▲104%
2 profitable years in a row build equity to €165k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Hasselt · 2 establishment units since 2020
Ground area
4,400 m²
Building footprint
1,840 m²
Volume, LiDAR
7,790 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
STEMAR
since 20202.309.934.244
Bosstraat 71, 3560 Lummen
since 20212.376.781.694
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2821/00A000 | Flanders | 3,566 m² | 1 · 1,616 m² | 8.0 m · 1 fl. |
| 71323C0570/00V002 | Flanders | 834 m² | 1 · 224 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 402 EUR awarded · 402 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 402 EUR | 402 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLummen2.376.781.694
Similar companies · same sector, comparable size
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DST
BE 0887.020.161
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Of 1,508 companies in sector 47252 we hold annual accounts for 652. 494 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
Founded18-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47252Retail sale of beverages, general range
47251Retail sale of wines and spirits
Scores and ratios are computed by Checked and are not a credit decision.