ACTIVE

STEMAB

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Financial year 2025 · closed on 31/12/2025

Net result

-5,8 k €

+5.9% YoY

Gross margin

31,2 k €

-2.5% YoY

Equity

37,1 k €

-13.6% YoY

What does STEMAB do?

STEMAB is a Public limited company incorporated in 1998. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.887.148

Incorporation

17/12/1998

Legal form

Public limited company

Registered office

Gentsesteenweg(Kor) 115A box 2/2
8500 Kortrijk · FlandreSee on map

Contributed capital

124 000,00 €

Latest accounts

31/12/2025

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,2 k €	-2.5%	32 k €	+15.2%	27,8 k €	-18.1%	33,9 k €	-17.3%	41 k €	+236%	12,2 k €	-13.2%	14,1 k €	+2.4%	13,7 k €	-14.1%	16 k €	-20.1%	20 k €	+28.6%	15,6 k €	+10.3%	14,1 k €	+19.6%	11,8 k €	-16.7%	14,2 k €	-13.7%	16,4 k €	-4.3%	17,2 k €	+2.1%	16,8 k €
EBITDA	24,3 k €	-4.0%	25,3 k €	+18.9%	21,3 k €	-24.1%	28,1 k €	-20.5%	35,3 k €	+328%	8,2 k €	-21.5%	10,5 k €	-0.3%	10,5 k €	-17.8%	12,8 k €	-24.1%	16,9 k €	+35.0%	12,5 k €	+12.1%	11,1 k €	+25.4%	8,9 k €	-21.1%	11,3 k €	-17.4%	13,6 k €	-3.3%	14,1 k €	+2.2%	13,8 k €
Operating result	5,1 k €	-16.4%	6,1 k €	+191%	2,1 k €	-74.6%	8,3 k €	-50.0%	16,6 k €	+769%	-2,5 k €	-1022%	-221,2 €	-17.0%	-189 €	-109%	2,1 k €	-66.1%	6,1 k €	+160%	2,4 k €	+133%	1 k €	+181%	-1,2 k €	-222%	1 k €	-69.9%	3,4 k €	-12.1%	3,9 k €	+8.6%	3,6 k €
Net result	-5,8 k €	+5.9%	-6,2 k €	+19.6%	-7,7 k €	-2291%	352,9 €	-96.1%	9 k €	+216%	-7,8 k €	+27.9%	-10,8 k €	-103%	-5,3 k €	-332%	2,3 k €	-64.9%	6,5 k €	+144%	2,7 k €	+132%	1,2 k €	+191%	-1,3 k €	-226%	1 k €	-67.4%	3,1 k €	+1.9%	3 k €	+37.0%	2,2 k €
Balance sheet
Equity	37,1 k €	-13.6%	43 k €	-12.6%	49,2 k €	-13.6%	56,9 k €	+0.6%	56,6 k €	-35.8%	88,2 k €	-8.1%	96 k €	-10.1%	106,8 k €	-4.7%	112,1 k €	+2.1%	109,8 k €	+6.3%	103,3 k €	+2.6%	100,6 k €	+1.2%	99,5 k €	-1.3%	100,7 k €	+1.0%	99,7 k €	+3.2%	96,7 k €	+3.2%	93,6 k €
Total assets	501,4 k €	-3.4%	519,3 k €	-3.6%	538,5 k €	-3.4%	557,4 k €	-1.4%	565,4 k €	+199%	189,2 k €	-0.9%	190,9 k €	-3.0%	196,8 k €	-2.2%	201,3 k €	+1.2%	199 k €	+3.4%	192,5 k €	+1.4%	189,8 k €	+0.6%	188,6 k €	-0.4%	189,5 k €	-2.8%	194,9 k €	-4.5%	204,2 k €	-4.4%	213,5 k €
Cash	3,5 k €	+60.0%	2,2 k €	-2.1%	2,2 k €	+14.1%	2 k €	-43.7%	3,5 k €	-96.1%	89,7 k €	+19.1%	75,4 k €	+10.9%	68 k €	+2.8%	66,1 k €	+35.8%	48,7 k €	+12.0%	43,5 k €	+20.2%	36,2 k €	+73.1%	20,9 k €	+55.9%	13,4 k €	+84.1%	7,3 k €	+18.7%	6,1 k €	+229%	1,9 k €
Debts	423,8 k €	-4.7%	444,6 k €	-4.9%	467,5 k €	-3.8%	485,8 k €	-2.3%	497,4 k €	+451%	90,3 k €	+0.8%	89,5 k €	-0.6%	90,1 k €	+1.0%	89,2 k €	0.0%	89,2 k €	0.0%	89,2 k €	+0.0%	89,2 k €	-0.0%	89,2 k €	+0.5%	88,7 k €	-6.8%	95,2 k €	-11.5%	107,5 k €	-10.3%	119,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 19 ended

Active mandates

Bruno Malfait

Director · since 02 mai 2021 · until 02 mai 2027

Active

Martine Vandevyver

Managing director · since 02 mai 2021 · until 02 mai 2027

Active

Mathieu Malfait

Director · since 02 mai 2021 · until 02 mai 2027

Active

Stephen Malfait

Director · since 02 mai 2021 · until 02 mai 2027

Active

Ended mandates

Bruno Malfait

Bestuurder · since 02 mai 2021 · until 02 mai 2027

Ended

Martine Vandevijver

Gedelegeerd bestuurder · since 02 mai 2021 · until 02 mai 2027

Ended

Mathieu Maflait

Bestuurder · since 02 mai 2021 · until 02 mai 2027

Ended

Stephen Malfait

Bestuurder · since 02 mai 2021 · until 02 mai 2027

Ended

At this address

Other companies at this address

Company	CBE no.
NLN● Active	0766.544.478

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	31/08/2026	08/10/2025	24/10/2024	07/12/2023	31/01/2023	31/08/2021
General meeting	31/08/2026	06/10/2025	04/05/2024	06/05/2023	07/05/2022	01/05/2021
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	31/08/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	06/10/2025	08/10/2025	Dutch	PDF
Micro model	31/12/2023	04/05/2024	24/10/2024	Dutch	PDF
Micro model	31/12/2022	06/05/2023	07/12/2023	Dutch	PDF
Micro model	31/12/2021	07/05/2022	31/01/2023	Dutch	PDF
Micro model	31/12/2020	01/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	30/09/2020	30/10/2020	Dutch	PDF
Abridged model	31/12/2018	04/05/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	05/05/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	06/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/05/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	03/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	04/05/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	05/05/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	07/05/2011	26/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	17/08/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	03/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/05/2007	20/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 4 active · 19 ended

Active mandates

Bruno Malfait

Director · since 02 mai 2021 · until 02 mai 2027

Active

Martine Vandevyver

Managing director · since 02 mai 2021 · until 02 mai 2027

Active

Mathieu Malfait

Director · since 02 mai 2021 · until 02 mai 2027

Active

Stephen Malfait

Director · since 02 mai 2021 · until 02 mai 2027

Active

Ended mandates

Bruno Malfait

Bestuurder · since 02 mai 2021 · until 02 mai 2027

Ended

Martine Vandevijver

Gedelegeerd bestuurder · since 02 mai 2021 · until 02 mai 2027

Ended

Mathieu Maflait

Bestuurder · since 02 mai 2021 · until 02 mai 2027

Ended

Stephen Malfait

Bestuurder · since 02 mai 2021 · until 02 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/12/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/02/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-5,8 k €↑
2024
Annual accounts 2024-6,2 k €↑
2023
Annual accounts 2023-7,7 k €↓
2022
Annual accounts 2022352,9 €↓
2021
Annual accounts 20219 k €↑
2017
Annual accounts 2017-7,8 k €↑
2016
Annual accounts 2016-10,8 k €↓
2015
Annual accounts 2015-5,3 k €↓
2014
Annual accounts 20142,3 k €↓
2013
Annual accounts 20136,5 k €↑
2012
Annual accounts 20122,7 k €↑
2011
Annual accounts 20111,2 k €↑
2010
Annual accounts 2010-1,3 k €↓
2009
Annual accounts 20091 k €↓
2008
Annual accounts 20083,1 k €↑
2007
Annual accounts 20073 k €↑
2006
Annual accounts 20062,2 k €
17/12/1998
IncorporationPublic 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

STEMAB

Overview

What does STEMAB do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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