ACTIVE

STEMED

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Financial year 2025 · closed on 31/12/2025

Net result

14,1 k €

-39.1% YoY

Gross margin

70 k €

-13.7% YoY

Equity

198,7 k €

+7.6% YoY

What does STEMED do?

STEMED is a Private limited company incorporated in 1991. Its main activity is: Architectural and engineering activities; technical testing and analysis. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.520.235

Incorporation

10/01/1991

Legal form

Private limited company

Registered office

Ruggeveldlaan 638/640
2100 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

71406Architectural and engineering activities; technical testing and analysis· main 77210Rental and leasing of recreational and sports goods 77210Rental and leasing of recreational and sports goods

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	70 k €	-13.7%	81,1 k €	+22.5%	66,2 k €	+6.8%	62 k €	-9.4%	68,4 k €	-2.0%	69,8 k €	-31.6%	102 k €	-8.5%	111,5 k €	-5.7%	118,2 k €	+10.7%	106,8 k €	+27.7%	83,6 k €	-9.9%	92,7 k €	-9.2%	102,1 k €	-3.6%	105,9 k €	+12.8%	94 k €	+19.0%	79 k €	+11.2%	71 k €	+3.9%	68,4 k €	+34.9%	50,7 k €	-19.2%	62,7 k €
EBITDA	59,9 k €	-15.7%	71,1 k €	+35.4%	52,5 k €	+7.5%	48,9 k €	-17.3%	59,1 k €	-3.5%	61,2 k €	-48.7%	119,3 k €	+17.8%	101,2 k €	+60.1%	63,2 k €	-22.2%	81,3 k €	-14.0%	94,6 k €	+17.0%	80,8 k €	-17.0%	97,3 k €	+42.1%	68,5 k €	-21.1%	86,8 k €	+21.2%	71,6 k €	+68.5%	42,5 k €	-31.0%	61,6 k €	+44.7%	42,6 k €	-19.2%	52,7 k €
Operating result	26,8 k €	-33.0%	40 k €	+101%	19,9 k €	+7.1%	18,6 k €	-32.9%	27,7 k €	-6.0%	29,5 k €	-66.1%	87 k €	+87.2%	46,5 k €	+453%	8,4 k €	-63.0%	22,7 k €	-36.6%	35,8 k €	-1.2%	36,3 k €	+650%	4,8 k €	-72.7%	17,7 k €	-52.1%	37 k €	+120%	16,8 k €	+243%	-11,8 k €	-172%	16,4 k €	+497%	-4,1 k €	-177%	5,4 k €
Net result	14,1 k €	-39.1%	23,2 k €	+123%	10,4 k €	+7.6%	9,7 k €	-37.1%	15,4 k €	-4.8%	16,1 k €	-70.2%	54,1 k €	+157%	21,1 k €	+559%	-4,6 k €	-219%	3,8 k €	-69.9%	12,8 k €	+143%	5,3 k €	+309%	-2,5 k €	-131%	8 k €	-71.7%	28,3 k €	+807%	3,1 k €	+113%	-23,7 k €	-434%	7,1 k €	+152%	-13,7 k €	-118%	-6,3 k €
Balance sheet
Equity	198,7 k €	+7.6%	184,6 k €	+14.4%	161,4 k €	+6.9%	151 k €	+6.8%	141,4 k €	+12.2%	126 k €	+14.7%	109,9 k €	+96.9%	55,8 k €	+60.7%	34,7 k €	-11.7%	39,3 k €	+10.8%	35,5 k €	+56.2%	22,7 k €	+30.1%	17,5 k €	-12.6%	20 k €	+66.9%	12 k €	+173%	-16,3 k €	+16.0%	-19,4 k €	-559%	4,2 k €	+248%	-2,9 k €	-126%	10,8 k €
Total assets	439,6 k €	-5.2%	463,8 k €	-0.2%	464,9 k €	+2.3%	454,3 k €	-2.8%	467,1 k €	-6.5%	499,6 k €	-2.9%	514,4 k €	-0.7%	518,2 k €	-9.5%	572,8 k €	-7.4%	618,8 k €	-9.7%	685,5 k €	-0.7%	690,6 k €	-1.5%	701,1 k €	+61.7%	433,4 k €	-8.1%	471,6 k €	-8.7%	516,4 k €	-8.6%	565,1 k €	+41.3%	400 k €	-10.5%	447,1 k €	-8.2%	487,2 k €
Cash	63,9 k €	+15.7%	55,2 k €	+32.9%	41,6 k €	+3.6%	40,1 k €	+43.3%	28 k €		–		33,9 k €	+35.2%	25,1 k €	+21.9%	20,6 k €	+31.8%	15,6 k €	-44.8%	28,3 k €	+29.5%	21,8 k €	+30.1%	16,8 k €	+10.4%	15,2 k €	+26.9%	12 k €	-13.5%	13,9 k €	-29.4%	19,6 k €	+597%	2,8 k €	-55.6%	6,3 k €	+1153%	506,4 €
Debts	240,8 k €	-13.4%	278,2 k €	-8.3%	303,4 k €	+0.4%	302,4 k €	+8.0%	280 k €	-14.6%	327,8 k €	-7.9%	355,7 k €	-8.8%	389,8 k €	-16.6%	467,6 k €	-15.2%	551,6 k €	-13.7%	639,4 k €	-0.2%	640,9 k €	-2.6%	657,7 k €	+72.4%	381,4 k €	-16.2%	455 k €	-13.6%	526,6 k €	-7.3%	567,8 k €	+47.5%	385 k €	-11.9%	436,8 k €	-5.5%	462,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Stefan Marynen

Director · since 20 décembre 2023

Active

Ended mandates

STEFAN MARYNEN

Director · since 29 juin 2015

Ended

STEFAN MARYNEN

Manager · since 29 juin 2015

Ended

MICHELE PAUWELS

Manager · since 16 janvier 1991

Ended

MICHELE PAUWELS

Manager · since 10 janvier 1991 · until 29 juin 2015

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	11/09/2025	10/09/2024	28/08/2023	30/08/2022	30/08/2021
General meeting	15/05/2026	15/05/2025	15/05/2024	15/05/2023	16/05/2022	15/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	15/05/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	15/05/2025	11/09/2025	Dutch	PDF
Micro model	31/12/2023	15/05/2024	10/09/2024	Dutch	PDF
Micro model	31/12/2022	15/05/2023	28/08/2023	Dutch	PDF
Micro model	31/12/2021	16/05/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	15/05/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	15/05/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/05/2019	25/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/05/2018	11/07/2018	Dutch	PDF
Abridged model	31/12/2016	15/05/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/05/2013	06/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	16/05/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	13/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Stefan Marynen

Director · since 20 décembre 2023

Active

Ended mandates

STEFAN MARYNEN

Director · since 29 juin 2015

Ended

STEFAN MARYNEN

Manager · since 29 juin 2015

Ended

MICHELE PAUWELS

Manager · since 16 janvier 1991

Ended

MICHELE PAUWELS

Manager · since 10 janvier 1991 · until 29 juin 2015

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/01/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/03/2006
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202514,1 k €↓
2024
Annual accounts 202423,2 k €↑
2023
Annual accounts 202310,4 k €↑
2022
Annual accounts 20229,7 k €↓
2021
Annual accounts 202115,4 k €↓
2020
Annual accounts 202016,1 k €↓
2019
Annual accounts 201954,1 k €↑
2018
Annual accounts 201821,1 k €↑
2017
Annual accounts 2017-4,6 k €↓
2016
Annual accounts 20163,8 k €↓
2015
Annual accounts 201512,8 k €↑
2014
Annual accounts 20145,3 k €↑
2013
Annual accounts 2013-2,5 k €↓
2012
Annual accounts 20128 k €↓
2011
Annual accounts 201128,3 k €↑
2010
Annual accounts 20103,1 k €↑
2009
Annual accounts 2009-23,7 k €↓
2008
Annual accounts 20087,1 k €↑
2007
Annual accounts 2007-13,7 k €↓
2006
Annual accounts 2006-6,3 k €
10/01/1991
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

STEMED

Overview

What does STEMED do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline