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 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STEMAB from Kortrijk, company number BE0464887148, closed financial year 2025 with a result of € -5,849 after tax. For that financial year STEMAB recorded a gross margin of € 31,193 and equity of € 37,134. Compared with financial year 2024, the result moved from € -6,214 to € -5,849. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 37,134
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,849
▲ 6 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,520
▲ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -86,866.
Debts at end 2025
€ 275,250
▼ 5% vs 2024
€ 15,000 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 33,912 | € 27,769 | € 31,989 | € 31,193 | ▼ 2% |
| Profit after taxes | € 353 | € -7,731 | € -6,214 | € -5,849 | ▲ € 365 |
| Equity | € 56,929 | € 49,197 | € 42,983 | € 37,134 | ▼ 14% |
| Total debts | € 500,509 | € 489,322 | € 476,292 | € 464,265 | ▼ 3% |
| Cash | € 1,969 | € 2,247 | € 2,199 | € 3,520 | ▲ 60% |
| Land & buildings | € 549,468 | € 530,272 | € 511,076 | € 491,880 | ▼ 4% |
| Retained profit | € -67,071 | € -74,803 | € -81,017 | € -86,866 | ▼ € 5,849 |
| Bank debt | € 320,250 | € 305,250 | € 290,250 | € 275,250 | ▼ 5% |
| Balance sheet total | € 557,437 | € 538,519 | € 519,275 | € 501,399 | ▼ 3% |
Key figures of STEMAB, 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 STEMAB?
What happened at STEMAB in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stephen Malfait stepped down as director. NBB
- Martine Vandevyver stepped down as director. NBB
- Mathieu Malfait stepped down as director. NBB
- Bruno Malfait stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5,849. filed late Source: NBB ↗
- Stephen Malfait became a director. NBB
- Martine Vandevyver became a director. NBB
- Mathieu Malfait became a director. NBB
In short
From € 353 profit in 2022 to € 5,849 loss in 2025.
Paid € 0 in corporate taxes since 2022.
Best year ever: 2022, with € 353 profit.
Management
Directors
According to the 2025 annual accounts
since 2021 · until 2027
since 2021 · until 2027
since 2021 · until 2027
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Gentsesteenweg(Kor) 115A box 2/2
8500 Kortrijk
Oude-Vestingsstraat(Kor) 6 C
8500 Kortrijk
Active since 14 April 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.887.148
- VAT number
- BE 0464.887.148
- Registered office
- Gentsesteenweg(Kor) 115A bus 2/2, 8500 Kortrijk
- Names & denominations
- STEMAB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1998
- Peppol
- Active · Active since 20 Nov 2020