Stemme Belgium
0695.677.466 · rovalta.com · 24/09/2026
ACTIVE
Stemme Belgium
Financial year 2025 · Closed on 31/12/2025
Net result
-815,5 k €
+12,8 %over 1 yearGross margin
512,4 k €
+6,3 %over 1 yearEquity
2,6 M €
-7,3 %over 1 yearWorkforce
13,7 ETP
+30,5 %over 1 yearOverview
Identity
Source · BCE/KBOStemme Belgium is a Public limited company incorporated in 2018. Its main activity is: Manufacture of air and spacecraft and related machinery. Its registered office is in Namur. It employs on average 13,7 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0695.677.466
- Incorporation
- 03/05/2018
- Legal form
- Public limited company
- Registered office
- Rue Capt. Aviateur Jacquet(SL) 44
5020 Namur · WallonieSee on map - Contributed capital
- 4 500 000,00 €
- Latest accounts
- 31/12/2025
- Average workforce
- 13,7 ETP
Activities (NACE)
30300Manufacture of air and spacecraft and related machinery· main30310Manufacture of air and spacecraft and related machinery71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy30300Manufacture of air and spacecraft and related machinery30310Manufacture of air and spacecraft and related machinery+6
Joint committees (2)
- 200
- 2000
Signals
Solid equityLow riskGood liquidityHealthy social debts
Financials
Source · NBB, 8 filingsTrend over 8 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 512,4 k € | +6.3% | 482,1 k € | +636% | -90 k € | -392% | 30,8 k € | +113% | -244,5 k € |
| EBITDA | -497,7 k € | -19.8% | -415,5 k € | -2.3% | -406 k € | -14.6% | -354,2 k € | +46.7% | -664,3 k € |
| Operating result | -700 k € | -30.3% | -537,3 k € | -9.9% | -488,8 k € | -28.0% | -381,8 k € | +42.8% | -667,8 k € |
| Net result | -815,5 k € | +12.8% | -935,2 k € | -40.8% | -664 k € | -53.7% | -431,9 k € | +38.9% | -706,6 k € |
| Balance sheet | |||||||||
| Equity | 2,6 M € | -7.3% | 2,8 M € | +15.4% | 2,4 M € | +316% | -1,1 M € | -61.7% | -699,5 k € |
| Total assets | 3,2 M € | -1.2% | 3,2 M € | -6.2% | 3,4 M € | +15.5% | 3 M € | +78.3% | 1,7 M € |
| Cash | 556,2 k € | -69.2% | 1,8 M € | +1004% | 163,5 k € | -27.9% | 226,7 k € | +7.1% | 211,6 k € |
| Debts | 451,6 k € | +55.6% | 290,3 k € | -67.2% | 885,1 k € | -77.9% | 4 M € | +75.6% | 2,3 M € |
| Other | |||||||||
| Workforce | 13,7 ETP | +30.5% | 10,5 ETP | +250% | 3,0 ETP | -11.8% | 3,4 ETP | -15.0% | 4,0 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20256 active · 13 ended
Active mandates
Active
Active
Olivier de Spoelberch
ActiveActive
MICHAEL MITCHELL
ActiveOLIVIER HENIN
ActiveEnded mandates
Other companies at this address
Rue Capt. Aviateur Jacquet(SL) 44 5020 Namur| Company | CBE no. |
|---|---|
AERODROME DE NAMUR● Active | 0425.648.074 |
Aero-Para Club de la Meuse● Active | 0410.267.339 |
ASD● Active | 0674.411.603 |
Avionics Namur● Active | 1032.334.871 |
| 0466.090.047 | |
| 0412.901.779 | |
FEDERATION BELGE DE PARACHUTISME● Active | 0447.869.784 |
| 0415.784.263 | |
Flycook● Active | 0762.490.769 |
GV2 - Sky Solutions● Active | 1026.307.906 |
LES AILES NAMUROISES● Active | 0435.619.377 |
LES GENS D'AIR● Active | 0810.993.541 |
Planes4U● Active | 1016.840.904 |
SOARING & AVIATION● Active | 1042.490.969 |
Unité AERO FLY● Active | 0765.965.151 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 29/08/2025 | 21/03/2024 | 04/07/2023 | 28/06/2022 | 07/07/2021 |
| General meeting | 01/06/2026 | 02/06/2025 | 30/01/2024 | 05/06/2023 | 07/06/2022 | 07/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for 7 daysAnnual accounts filings
Source · NBB, 8 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 01/06/2026 | 31/07/2026 | French | |
| Abridged model | 31/12/2024 | 02/06/2025 | 29/08/2025 | French | |
| Abridged model | 31/12/2023 | 30/01/2024 | 21/03/2024 | French | |
| Abridged model | 31/12/2022 | 05/06/2023 | 04/07/2023 | French | |
| Abridged model | 31/12/2021 | 07/06/2022 | 28/06/2022 | French | |
| Abridged model | 31/12/2020 | 07/06/2021 | 07/07/2021 | French | |
| Micro model | 31/12/2019 | 02/06/2020 | 30/06/2020 | French | |
| Micro model | 31/12/2018 | 24/06/2019 | 23/07/2019 | French |
Valuation
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 M€
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
Board of directors
Source · NBB, accounts to 31/12/20256 active · 13 ended
Active mandates
Active
Active
Olivier de Spoelberch
ActiveActive
MICHAEL MITCHELL
ActiveOLIVIER HENIN
ActiveEnded mandates
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Capital / shares10/03/2026CAPITAL, ACTIONS
- Capital / shares23/04/2025CAPITAL, ACTIONS
- Mandates20/12/2024CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Other05/02/2024OBJET
- Capital / shares19/12/2023CAPITAL, ACTIONS
- Other01/12/2023DIVERS
- Mandates11/05/2023DEMISSIONS, NOMINATIONS
- Mandates18/10/2022DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-815,5 k €↑
- 2024Annual accounts 2024-935,2 k €↓
- 2023Annual accounts 2023-664 k €↓
- 2022Annual accounts 2022-431,9 k €↑
- 2021Annual accounts 2021-706,6 k €↓
- 2020Annual accounts 2020207,7 k €↑
- 2019Annual accounts 2019-208,3 k €↓
- 2018Annual accounts 2018-53,8 k €
- 03/05/2018IncorporationPublic limited company