STEMAX
0458.386.366 · rovalta.com · 21/09/2026
ACTIVE
STEMAX
Financial year 2025 · closed on 31/12/2025
Net result
20,2 k €
+1752.2% YoY
Gross margin
45,6 k €
+156.6% YoY
Equity
81,8 k €
+32.9% YoY
Overview
What does STEMAX do?
STEMAX is a Public limited company incorporated in 1996. Its main activity is: Computer programming activities. Its registered office is in La Hulpe.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0458.386.366
Incorporation
13/06/1996
Legal form
Public limited company
Registered office
Rue des Combattants 94
1310 La Hulpe · WallonieSee on map
1310 La Hulpe · WallonieSee on map
Contributed capital
61 973,38 €
Latest accounts
31/12/2025
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities72220Research and experimental development on social sciences and humanities72500Scientific research and development73200Market research and public opinion polling73200Market research and public opinion polling+6
Joint committees (1)
- 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | 45,6 k € | +157% | 17,8 k € | -23.7% | 23,3 k € | +56.9% | 14,9 k € | -10.7% | 16,6 k € | +330% | 3,9 k € | -72.7% | 14,2 k € | +29.9% | 10,9 k € | -42.3% | 18,9 k € | -25.1% | 25,2 k € | +76.9% | 14,2 k € | -15.0% | 16,8 k € | +27.8% | 13,1 k € | -30.1% | 18,8 k € | +89.1% | 9,9 k € | -53.7% | 21,4 k € | -38.3% | 34,7 k € | -18.7% | 42,7 k € | +32.6% | 32,2 k € | +43.8% | 22,4 k € |
| EBITDA | 44,5 k € | +165% | 16,8 k € | -23.5% | 22 k € | +66.4% | 13,2 k € | -14.9% | 15,5 k € | +453% | 2,8 k € | -75.9% | 11,6 k € | +18.0% | 9,9 k € | -44.7% | 17,8 k € | -26.3% | 24,2 k € | +82.0% | 13,3 k € | -15.4% | 15,7 k € | +26.9% | 12,4 k € | -29.6% | 17,6 k € | +104% | 8,6 k € | -57.9% | 20,5 k € | +37.3% | 15 k € | -5.2% | 15,8 k € | +75.8% | 9 k € | +166% | -13,6 k € |
| Operating result | 36,1 k € | +376% | 7,6 k € | -42.7% | 13,2 k € | +125% | 5,9 k € | -30.6% | 8,5 k € | +299% | -4,3 k € | -202% | 4,2 k € | +536% | 657,4 € | -89.7% | 6,4 k € | -8.8% | 7 k € | +2971% | -243,6 € | -102% | 12,7 k € | +37.0% | 9,3 k € | -35.4% | 14,4 k € | +239% | 4,2 k € | -74.3% | 16,4 k € | +24.7% | 13,2 k € | +20.0% | 11 k € | +27230% | 40,2 € | +100% | -21,3 k € |
| Net result | 20,2 k € | +1752% | 1,1 k € | -78.2% | 5 k € | +3956% | 123,4 € | -95.2% | 2,6 k € | +131% | -8,2 k € | -1088% | -686,9 € | +64.0% | -1,9 k € | -33.8% | -1,4 k € | -292% | 740,7 € | +114% | -5,3 k € | -205% | 5,1 k € | +1329% | -412,7 € | -107% | 5,7 k € | +35.7% | 4,2 k € | -62.1% | 11 k € | +25.7% | 8,7 k € | +26.7% | 6,9 k € | +269% | -4,1 k € | +83.9% | -25,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 81,8 k € | +32.9% | 61,5 k € | +1.8% | 60,4 k € | +9.0% | 55,4 k € | +0.2% | 55,3 k € | +4.9% | 52,7 k € | -13.4% | 60,9 k € | -1.1% | 61,6 k € | -3.0% | 63,5 k € | -2.2% | 64,9 k € | +1.2% | 64,2 k € | -7.7% | 69,5 k € | +7.9% | 64,4 k € | -0.6% | 64,8 k € | +2.6% | 63,2 k € | +7.1% | 59 k € | +22.9% | 48 k € | +22.3% | 39,3 k € | +21.3% | 32,4 k € | -20.7% | 40,8 k € |
| Total assets | 197,2 k € | +11.6% | 176,7 k € | +0.2% | 176,3 k € | +3.8% | 169,8 k € | -4.5% | 177,7 k € | +4.6% | 169,9 k € | -1.4% | 172,4 k € | +9.5% | 157,5 k € | -8.6% | 172,3 k € | -17.0% | 207,5 k € | +9.8% | 189,1 k € | +13.1% | 167,2 k € | +5.3% | 158,7 k € | +2.7% | 154,6 k € | -2.1% | 157,9 k € | +2.8% | 153,6 k € | -2.7% | 157,9 k € | +7.3% | 147,1 k € | -9.0% | 161,6 k € | -1.2% | 163,5 k € |
| Cash | 33,5 k € | +192% | 11,5 k € | -19.1% | 14,2 k € | -55.2% | 31,7 k € | -25.4% | 42,4 k € | +15.1% | 36,9 k € | +61.2% | 22,9 k € | +55.0% | 14,8 k € | +648% | 2 k € | -62.1% | 5,2 k € | +59.1% | 3,3 k € | -90.1% | 32,9 k € | -8.7% | 36,1 k € | -18.7% | 44,3 k € | +11.1% | 39,9 k € | -30.2% | 57,2 k € | +42.0% | 40,2 k € | +7.1% | 37,6 k € | +11.7% | 33,6 k € | -24.3% | 44,4 k € |
| Debts | 115,4 k € | +3.4% | 111,7 k € | -0.6% | 112,4 k € | +4.0% | 108,1 k € | -9.3% | 119,2 k € | +7.4% | 111 k € | +2.4% | 108,4 k € | +13.0% | 95,9 k € | -11.9% | 108,8 k € | -23.7% | 142,6 k € | +14.7% | 124,3 k € | +28.1% | 97,1 k € | +2.9% | 94,3 k € | +5.0% | 89,8 k € | -5.2% | 94,7 k € | +0.1% | 94,6 k € | -9.9% | 104,9 k € | +2.0% | 102,9 k € | -17.2% | 124,3 k € | +5.5% | 117,8 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,3 ETP | -40.0% | 0,5 ETP | 0.0% | 0,5 ETP | -50.0% | 1,0 ETP | ||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 23 ended
Active mandates
Xavier Lenczner
ActiveEnded mandates
Cindy Lise Verbeure
EndedCINDY VERBEURE
EndedFRANCOISE HAEGEMAN
EndedFRANCOISE HAEGEMANS
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
TOCOM● Active | 0451.295.468 |
Financials
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 | 21/07/2026 | 31/08/2025 | 15/08/2024 | 24/08/2023 | 22/08/2022 | 31/08/2021 |
| General meeting | 20/05/2026 | 21/05/2025 | 15/05/2024 | 17/05/2023 | 18/05/2022 | 19/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 20/05/2026 | 21/07/2026 | French | |
| Micro model | 31/12/2024 | 21/05/2025 | 31/08/2025 | French | |
| Micro model | 31/12/2023 | 15/05/2024 | 15/08/2024 | French | |
| Micro model | 31/12/2022 | 17/05/2023 | 24/08/2023 | French | |
| Micro model | 31/12/2021 | 18/05/2022 | 22/08/2022 | French | |
| Micro model | 31/12/2020 | 19/05/2021 | 31/08/2021 | French | |
| Micro model | 31/12/2019 | 20/05/2020 | 01/10/2020 | French | |
| Micro model | 31/12/2018 | 15/05/2019 | 27/08/2019 | French | |
| Micro model | 31/12/2017 | 16/05/2018 | 31/08/2018 | French | |
| Micro model | 31/12/2016 | 17/05/2017 | 10/08/2017 | French | |
| Abridged model | 31/12/2015 | 18/05/2016 | 24/08/2016 | French | |
| Abridged model | 31/12/2014 | 20/05/2015 | 25/08/2015 | French | |
| Abridged model | 31/12/2013 | 21/05/2014 | 31/07/2014 | French | |
| Abridged model | 31/12/2012 | 15/05/2013 | 30/08/2013 | French | |
| Abridged model | 31/12/2011 | 16/05/2012 | 31/08/2012 | French | |
| Abridged model | 31/12/2010 | 18/05/2011 | 10/08/2011 | French | |
| Abridged model | 31/12/2009 | 19/05/2010 | 09/08/2010 | French | |
| Abridged model | 31/12/2008 | 20/05/2009 | 11/08/2009 | French | |
| Abridged model | 31/12/2007 | 21/05/2008 | 08/08/2008 | French | |
| Abridged model | 31/12/2006 | 17/05/2007 | 27/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 23 ended
Active mandates
Xavier Lenczner
ActiveEnded mandates
Cindy Lise Verbeure
EndedCINDY VERBEURE
EndedFRANCOISE HAEGEMAN
EndedFRANCOISE HAEGEMANS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202520,2 k €↑
- 2024Annual accounts 20241,1 k €↓
- 2023Annual accounts 20235 k €↑
- 2022Annual accounts 2022123,4 €↓
- 2021Annual accounts 20212,6 k €↑
- 2020Annual accounts 2020-8,2 k €↓
- 2019Annual accounts 2019-686,9 €↑
- 2018Annual accounts 2018-1,9 k €↓
- 2017Annual accounts 2017-1,4 k €↓
- 2016Annual accounts 2016740,7 €↑
- 2015Annual accounts 2015-5,3 k €↓
- 2014Annual accounts 20145,1 k €↑
- 2013Annual accounts 2013-412,7 €↓
- 2012Annual accounts 20125,7 k €↑
- 2011Annual accounts 20114,2 k €↓
- 2010Annual accounts 201011 k €↑
- 2009Annual accounts 20098,7 k €↑
- 2008Annual accounts 20086,9 k €↑
- 2007Annual accounts 2007-4,1 k €↑
- 2006Annual accounts 2006-25,4 k €
- 13/06/1996IncorporationPublic limited company