ACTIVE

STEMAKS

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Financial year 2025 · closed on 31/12/2025

Net result

14,6 k €

-65.9% YoY

Gross margin

183,2 k €

-6.7% YoY

Equity

34,9 k €

+71.9% YoY

What does STEMAKS do?

STEMAKS is a Private company with limited liability incorporated in 2000. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.652.186

Incorporation

29/12/2000

Legal form

Private company with limited liability

Registered office

Rue Abbé Jean Heymans 3
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

12 395,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	183,2 k €	-6.7%	196,3 k €	+54.9%	126,7 k €	-16.6%	151,8 k €	+17.1%	129,7 k €	+59.4%	81,3 k €	-60.6%	206,6 k €	+70.5%	121,2 k €	-20.6%	152,5 k €	+82.6%	83,5 k €	-15.3%	98,7 k €	+71.1%	57,7 k €	-28.3%	80,5 k €	-35.1%	124,1 k €	+29.1%	96,1 k €	+39.6%	68,9 k €	-30.3%	98,8 k €	+11.1%	88,9 k €	-48.4%	172,3 k €	+48.6%	116 k €
EBITDA	18,7 k €	-59.2%	45,8 k €	+188%	-51,8 k €	-1985%	-2,5 k €	-108%	31,4 k €	+15.3%	27,3 k €	-80.8%	141,6 k €	+141%	58,8 k €	-34.6%	90 k €	+132%	38,8 k €	-23.1%	50,4 k €	+173%	18,5 k €	-33.5%	27,8 k €	-21.6%	35,4 k €	+196%	12 k €	+894%	1,2 k €	+146%	-2,6 k €	-129%	9,3 k €	-83.6%	56,3 k €	+704%	7 k €
Operating result	17,5 k €	-60.4%	44,1 k €	+183%	-53,3 k €	-566%	-8 k €	-131%	26 k €	+85.6%	14 k €	-85.9%	99,2 k €	+143%	40,9 k €	-46.7%	76,6 k €	+242%	22,4 k €	-46.8%	42,1 k €	+160%	16,2 k €	-35.7%	25,2 k €	-22.1%	32,4 k €	+505%	-8 k €	-73.1%	-4,6 k €	+64.1%	-12,9 k €	-1610%	853 €	-98.3%	49,1 k €	+290%	-25,8 k €
Net result	14,6 k €	-65.9%	42,8 k €	+176%	-56,3 k €	-523%	-9 k €	-157%	16 k €	+48.7%	10,7 k €	-82.7%	61,9 k €	+118%	28,4 k €	-38.0%	45,8 k €	+247%	13,2 k €	-56.4%	30,3 k €	+160%	11,7 k €	-48.9%	22,8 k €	+4.7%	21,8 k €	+273%	-12,6 k €	-82.9%	-6,9 k €	+45.1%	-12,5 k €	-66100%	19 €	-99.9%	31,8 k €	+184%	-38 k €
Balance sheet
Equity	34,9 k €	+71.9%	20,3 k €	+190%	-22,5 k €	-155%	40,9 k €	-36.3%	64,3 k €	-39.1%	105,4 k €	-30.6%	151,9 k €	+3.3%	147,1 k €	-22.6%	190,1 k €	+31.7%	144,3 k €	+10.1%	131,1 k €	+30.1%	100,8 k €	+13.1%	89,1 k €	+34.5%	66,2 k €	+49.1%	44,4 k €	-22.1%	57 k €	-10.8%	63,9 k €	-16.4%	76,4 k €	+0.0%	76,4 k €	+71.4%	44,6 k €
Total assets	59,2 k €	+5.0%	56,4 k €	+190%	19,5 k €	-74.6%	76,7 k €	-8.5%	83,8 k €	-43.5%	148,5 k €	-22.5%	191,6 k €	-10.5%	214,1 k €	-7.5%	231,4 k €	+40.6%	164,6 k €	+7.0%	153,8 k €	+19.7%	128,4 k €	+15.1%	111,6 k €	+27.5%	87,6 k €	+21.9%	71,8 k €	-19.5%	89,2 k €	+34.7%	66,2 k €	-39.3%	109 k €	-18.9%	134,4 k €	+73.6%	77,4 k €
Cash	9,4 k €	-25.5%	12,7 k €	+225%	3,9 k €	-86.5%	28,8 k €	+5.4%	27,3 k €	-71.6%	96,3 k €	+6.8%	90,2 k €	+3.2%	87,4 k €	+37.1%	63,7 k €	+147%	25,8 k €	-53.6%	55,6 k €	+66.9%	33,3 k €	+1447%	2,2 k €		–		–		27,8 k €	+0.3%	27,7 k €	-36.1%	43,4 k €	-47.7%	82,9 k €	+2773%	2,9 k €
Debts	22 k €	-35.8%	34,3 k €	-15.6%	40,6 k €	+17.6%	34,5 k €	+83.5%	18,8 k €	-56.3%	43 k €	+8.3%	39,7 k €	-40.8%	67,1 k €	+62.5%	41,3 k €	+104%	20,3 k €	-10.7%	22,7 k €	-18.1%	27,7 k €	+22.8%	22,5 k €	+5.7%	21,3 k €	-22.2%	27,4 k €	-14.9%	32,2 k €	+1279%	2,3 k €	-92.8%	32,6 k €	-43.8%	58 k €	+76.7%	32,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,5 ETP	0.0%	1,5 ETP	-25.0%	2,0 ETP	-33.3%	3,0 ETP	-25.0%	4,0 ETP	+33.3%	3,0 ETP	-40.0%	5,0 ETP	+25.0%	4,0 ETP	-20.0%	5,0 ETP	0.0%	5,0 ETP

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 · 1 active

Active mandates

GOGA STEVANOVSKI

Manager

Active

At this address

Other companies at this address

Company	CBE no.
DIMA● Bankrupt	0466.358.182
EKEN● Active	0629.715.486
R.DIGITAL● Active	1033.868.956

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	17/06/2026	16/07/2025	02/07/2024	30/06/2023	30/08/2022	29/07/2021
General meeting	09/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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	09/06/2026	17/06/2026	French	PDF
Micro model	31/12/2024	10/06/2025	16/07/2025	French	PDF
Micro model	31/12/2023	11/06/2024	02/07/2024	French	PDF
Micro model	31/12/2022	13/06/2023	30/06/2023	French	PDF
Micro model	31/12/2021	14/06/2022	30/08/2022	French	PDF
Micro model	31/12/2020	08/06/2021	29/07/2021	French	PDF
Micro model	31/12/2019	09/06/2020	28/07/2020	French	PDF
Micro model	31/12/2018	11/06/2019	03/07/2019	French	PDF
Micro model	31/12/2017	12/06/2018	29/08/2018	French	PDF
Micro model	31/12/2016	13/06/2017	06/07/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	02/06/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	25/09/2014	French	PDF
Abridged model	31/12/2012	04/06/2013	26/09/2013	French	PDF
Abridged model	31/12/2011	05/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	07/06/2011	04/08/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	20/08/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	28/06/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	12/07/2007	French	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 · 1 active

Active mandates

GOGA STEVANOVSKI

Manager

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202514,6 k €↓
2024
Annual accounts 202442,8 k €↑
2023
Annual accounts 2023-56,3 k €↓
2022
Annual accounts 2022-9 k €↓
2021
Annual accounts 202116 k €↑
2020
Annual accounts 202010,7 k €↓
2019
Annual accounts 201961,9 k €↑
2018
Annual accounts 201828,4 k €↓
2017
Annual accounts 201745,8 k €↑
2016
Annual accounts 201613,2 k €↓
2015
Annual accounts 201530,3 k €↑
2014
Annual accounts 201411,7 k €↓
2013
Annual accounts 201322,8 k €↑
2012
Annual accounts 201221,8 k €↑
2011
Annual accounts 2011-12,6 k €↓
2010
Annual accounts 2010-6,9 k €↑
2009
Annual accounts 2009-12,5 k €↓
2008
Annual accounts 200819 €↓
2007
Annual accounts 200731,8 k €↑
2006
Annual accounts 2006-38 k €
29/12/2000
IncorporationPrivate company with limited liability

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

STEMAKS

Overview

What does STEMAKS do?

Trend over 20 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

Similar companies

Similar companies

Timeline