Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
STIGAM from Zaventem, company number BE0414280268, closed financial year 2025 with a result of € -994,839 after tax. For that financial year STIGAM recorded revenue of € 10.5 million and equity of € 1 million. Compared with financial year 2024, the result moved from € -307,091 to € -994,839. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 1 million
▼ 49% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -994,839
▼ 224 % more loss than in 2024
Profit after tax over the fiscal year.
€ 146,816
▲ 290% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -546,340.
People and assets in 2025
15.4
▲ 9.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 606,678
▲ 213% vs 2024
€ 39,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 23,700
▲ € 23,205 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 611,573
Loans from banks and other lenders, long and short.
€ 780,235
▲ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 26 days on average.
€ 113,309
▲ 148% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,543,869 | € 1,287,127 | € 5,852,577 | € 10,466,846 | ▲ 79% |
| Profit after taxes | € -309,926 | € 113,716 | € -307,091 | € -994,839 | ▼ € 687,748 |
| Equity | € 2,230,340 | € 2,344,056 | € 2,036,965 | € 1,042,126 | ▼ 49% |
| Total debts | € 308,638 | € 54,907 | € 484,080 | € 1,524,876 | ▲ 215% |
| Cash | € 49,089 | - | € 37,636 | € 146,816 | ▲ 290% |
| Retained profit | € 641,873 | € 755,589 | € 448,498 | € -546,340 | ▼ € 994,839 |
| Bank debt | € 0 | € 0 | € 0 | € 611,573 | |
| Balance sheet total | € 2,538,978 | € 2,398,963 | € 2,521,045 | € 2,567,002 | ▲ 2% |
| Employees (FTE) | 3.4 | 1 | 6 | 15.4 | ▲ 9.4 |
Key figures of STIGAM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to STIGAM?
What happened at STIGAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Giosino Cornacchia stepped down as director. NBB
- Pascal Boon stepped down as director. NBB
- Matthias Locker stepped down as director. NBB
- New establishment in Anderlues. KBO
- New annual accounts for financial year 2025: loss of € 994,839. Source: NBB ↗
- Giosino Cornacchia became a director. NBB
- Pascal Boon became a director. NBB
- Matthias Locker became a director. NBB
In short
From € 309,926 loss in 2022 to € 994,839 loss in 2025.
Best year ever: 2023, with € 113,716 profit.
Pays suppliers within 26 days on average.
Management
The shares are held by Carrefour Belgium NV (100%) and Orthros NV (0%).
Directors
According to the 2025 annual accounts
Giosino Cornacchia
Director
Also active at: CARUM, GROSFRUIT, ORTHROS, SCHILCO, Market D4 CBRA, Market B2 CBRA, Market C3 CBRA, Carrefour Drive 1 +5 more
since 2025 · until 2028
Pascal Boon
Director
Also active at: FILUNIC, CARUM, ORTHROS, SCHILCO, ECLAIR, Market D4 CBRA, Market B2 CBRA, Carrefour Drive 1 +5 more
since 2025 · until 2028
Matthias Locker
Director
Also active at: FILUNIC, GROSFRUIT, ORTHROS, CARREFOUR BELGIUM, RESTORA, SCHILCO, ECLAIR, SOUTH MED INVESTMENTS LIMITED +8 more
since 2025 · until 2028
Shareholders
100%
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Da Vincilaan 3 box 3
1930 Zaventem
Chaussée de Charleroi 107
6150 Anderlues
Active since 24 June 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →Warenhuizen Alma
€ 348,429 revenue · 2025
FILUNIC same network
GROSFRUIT same network
€ 2.5 million revenue · 2025
PepsiCo Services
€ 41.1 million revenue · 2024
PEPSICO BELUX
€ 64.3 million revenue · 2024
+20 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.280.268
- VAT number
- BE 0414.280.268
- Registered office
- Da Vincilaan 3 bus 3, 1930 Zaventem
- Names & denominations
- STIGAM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 1974
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Supermarkten (verkoopsoppervlakte tussen 400 m2 en minder dan 2.500 m2)
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Niet-gespecialiseerde detailhandel in algemene voedingsmiddelen (verkoopsoppervlakte minder dan 100 m2)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)