What does STM Horses do?

STM Horses is a wholesaler in Aalter. Private Limited, started on 13 March 2006, 1 establishment.

What is the address of STM Horses?

The registered office of STM Horses is located at Malsemstraat 18, 9880 Aalter.

Is STM Horses still active?

Yes. According to the CBE (30 October 2026) STM Horses is active, legal situation “Normale toestand”, started on 13 March 2006.

Is STM Horses registered on Peppol?

Yes, STM Horses is registered on the Peppol network with ID 0208:0880234121.

What is the enterprise number of STM Horses?

The enterprise number of STM Horses is BE0880234121.

When was STM Horses founded?

STM Horses was founded on 13 March 2006.

Who are the directors of STM Horses?

According to the 2025 annual accounts, the directors of STM Horses are: Eline Goethals, Mia Vanhoeijen.

Is STM Horses a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 13 March 2006; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did STM Horses make in 2025?

STM Horses recorded a loss after taxes of € 80,451 in financial year 2025.

What is the revenue of STM Horses?

As a small company, STM Horses is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -47,056.

STM Horses (Private Limited) - Aalter - BE0880234121

Dossier STM Horses, printed on 30 October 2026 from databakkes.be/en/0880234121/stm-horses. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

STM Horses from Aalter, company number BE0880234121, closed financial year 2025 with a result of € -80,451 after tax. For that financial year STM Horses recorded a gross margin of € -47,056 and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -459,796 to € -80,451. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.

What it is worth Caution

€ -1.1 million

▼ € 27,451 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -80,451

▲ 83 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 366

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -1.2 million.

People and assets in 2025

Wage cost

€ 2,981

▼ 78% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 15,840

▼ 45% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 151 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.1 million

▼ 5% vs 2024

€ 7,317 is repaid this year. At this pace the long-term loan is gone in ≈ 151 years.

Owed to suppliers

€ 70,645

▼ 15% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 26,605

▲ € 23,374 vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 83,243 Gross margin 2022: € 83,243 First fiscal year in the series	€ 157,180 Gross margin 2023: € 157,180 ▲ 89% vs 2022 (€ 83,243) Favourable step	€ -418,798 Gross margin 2024: € -418,798 ▼ € 575,977 vs 2023 (€ 157,180) Unfavourable step	€ -47,056 Gross margin 2025: € -47,056 ▲ € 371,742 vs 2024 (€ -418,798) Favourable step	▲ € 371,742
Profit after taxes	€ 40,074 Profit after taxes 2022: € 40,074 First fiscal year in the series	€ 132,380 Profit after taxes 2023: € 132,380 ▲ 230% vs 2022 (€ 40,074) Favourable step	€ -459,796 Profit after taxes 2024: € -459,796 ▼ € 592,176 vs 2023 (€ 132,380) Unfavourable step	€ -80,451 Profit after taxes 2025: € -80,451 ▲ € 379,345 vs 2024 (€ -459,796) Favourable step	▲ € 379,345
Equity	€ -728,555 Equity 2022: € -728,555 First fiscal year in the series	€ -596,175 Equity 2023: € -596,175 ▲ € 132,380 vs 2022 (€ -728,555) Favourable step	€ -1,055,971 Equity 2024: € -1,055,971 ▼ € 459,796 vs 2023 (€ -596,175) Unfavourable step	€ -1,083,422 Equity 2025: € -1,083,422 ▼ € 27,451 vs 2024 (€ -1,055,971) Unfavourable step	▼ € 27,451
Total debts	€ 1,550,895 Total debts 2022: € 1,550,895 First fiscal year in the series	€ 1,780,857 Total debts 2023: € 1,780,857 ▲ 15% vs 2022 (€ 1,550,895) Unfavourable step	€ 2,047,610 Total debts 2024: € 2,047,610 ▲ 15% vs 2023 (€ 1,780,857) Unfavourable step	€ 1,866,484 Total debts 2025: € 1,866,484 ▼ 9% vs 2024 (€ 2,047,610) Favourable step	▼ 9%
Cash	€ 13,332 Cash 2022: € 13,332 First fiscal year in the series	€ 16,015 Cash 2023: € 16,015 ▲ 20% vs 2022 (€ 13,332) Favourable step	€ 0 Cash 2024: € 0 ▼ 100% vs 2023 (€ 16,015) Unfavourable step	€ 366 Cash 2025: € 366 Unchanged (€ 0) Favourable step
Land & buildings	€ 3,117 Land & buildings 2022: € 3,117 First fiscal year in the series	€ 70,749 Land & buildings 2023: € 70,749 ▲ € 67,632 vs 2022 (€ 3,117) Unchanged	€ 62,947 Land & buildings 2024: € 62,947 ▼ 11% vs 2023 (€ 70,749) Unchanged	€ 55,146 Land & buildings 2025: € 55,146 ▼ 12% vs 2024 (€ 62,947) Unchanged	▼ 12%
Retained profit	€ -797,155 Retained profit 2022: € -797,155 First fiscal year in the series	€ -664,775 Retained profit 2023: € -664,775 ▲ € 132,380 vs 2022 (€ -797,155) Favourable step	€ -1,124,571 Retained profit 2024: € -1,124,571 ▼ € 459,796 vs 2023 (€ -664,775) Unfavourable step	€ -1,152,022 Retained profit 2025: € -1,152,022 ▼ € 27,451 vs 2024 (€ -1,124,571) Unfavourable step	▼ € 27,451
Bank debt	€ 1,139,922 Bank debt 2022: € 1,139,922 First fiscal year in the series	€ 1,129,113 Bank debt 2023: € 1,129,113 ▼ 1% vs 2022 (€ 1,139,922) Favourable step	€ 1,160,497 Bank debt 2024: € 1,160,497 ▲ 3% vs 2023 (€ 1,129,113) Unfavourable step	€ 1,107,317 Bank debt 2025: € 1,107,317 ▼ 5% vs 2024 (€ 1,160,497) Favourable step	▼ 5%
Balance sheet total	€ 822,340 Balance sheet total 2022: € 822,340 First fiscal year in the series	€ 1,184,682 Balance sheet total 2023: € 1,184,682 ▲ 44% vs 2022 (€ 822,340) Unchanged	€ 991,639 Balance sheet total 2024: € 991,639 ▼ 16% vs 2023 (€ 1,184,682) Unchanged	€ 783,061 Balance sheet total 2025: € 783,061 ▼ 21% vs 2024 (€ 991,639) Unchanged	▼ 21%

Key figures of STM Horses, 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 STM Horses?

What happened at STM Horses in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 30, 2026 New annual accounts for financial year 2025: loss of € 80,451. Source: NBB ↗
Apr 21, 2006 New establishment in Aalter. KBO
Mar 13, 2006 Start of the company according to the CBE. KBO

In short

From € 40,074 profit in 2022 to € 80,451 loss in 2025.

Paid € 1,247 in corporate taxes since 2022.

Best year ever: 2023, with € 132,380 profit.

Original PDFs at the National Bank ↗

Management

Eline Goethals Mia Vanhoeijen

CAMELIA

EquiGo

STM Horses

Behind STM Horses are Eline Goethals and Mia Vanhoeijen. Eline Goethals is also behind CAMELIA and EquiGo.

Directors

According to the 2025 annual accounts

Eline Goethals

Director

Also active at: CAMELIA, EquiGo

Mia Vanhoeijen

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Malsemstraat 18

9880 Aalter

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

CAMELIA same network

€ 75,526 gross margin · 2025

EquiGo same network

€ 53,137 gross margin · 2026

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0880.234.121

VAT number

BE 0880.234.121

Registered office

Malsemstraat 18, 9880 Aalter

Names & denominations

STM Horses

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

13 March 2006

Peppol

Active · Active since 24 Nov 2023

Activities · NACE

Groothandel in huiden, vellen en leer

Schapen-, geiten-, paarden-, ezel-, muildieren- of muilezelhouderij

Fokken en houden van andere dieren

Groothandel in levend vee

Groothandel in levende dieren

Overige dierenfokkerijen

Fokken van andere dieren

View on CBE Public ↗ Annual accounts (NBB) ↗

STM Horses

Warning lights

Financials

What happened to STM Horses?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions