STUBBE
ActiveSTUBBE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €485k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 473 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+43
Solvency92▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 1.7 in 2024), but 51.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.7%
Return on assets
19%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-03-2026, 147 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
147 d early
2024
77 d early
2023
61 d early
2022
56 d early
2021
52 d early
2020
29 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.24M▲ 32.4%
2024 · €940k
2018: €426k
2019: €494k
2020: €602k
2021: €801k
2022: €963k
2023: €930k
2024: €940k
2018 → 2025
Total assets
€2.55M▲ 15.3%
2024 · €2.21M
2018: €1.47M
2019: €1.63M
2020: €1.67M
2021: €1.88M
2022: €2.58M
2023: €2.60M
2024: €2.21M
2018 → 2025
Net result
€485k▲ 349%
2024 · €108k
2018: €97k
2019: €71k
2020: €110k
2021: €200k
2022: €257k
2023: €166k
2024: €108k
2018 → 2025
Working capital
€827k▲ 70.6%
2024 · €485k
2018: €270k
2019: €147k
2020: €316k
2021: €484k
2022: €-84k
2023: €468k
2024: €485k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€801k-€963k▲ 20.4%€930k▼ 3.5%€940k▲ 1.1%€1.24M▲ 32.4%
Operating result€303k-€331k▲ 9.0%€278k▼ 16.0%€170k▼ 38.8%€673k▲ 296%
Net result€200k-€257k▲ 28.6%€166k▼ 35.4%€108k▼ 35.0%€485k▲ 349%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 296% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.55M
Fixed assets
€843k▼ 18.5%
Current assets
€1.71M▲ 44.9%
Equity and liabilities €2.55M
Equity
€1.24M▲ 32.4%
Debt
€1.31M▲ 2.7%
The debt ratio falls from 57.6% to 51.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€867k▲
2024 · €364k
Cash flow
€679k▲
2024 · €302k
Solvency
48.7%▲
2024 · 42.4%
Current ratio
1.94▲
2024 · 1.70
Quick ratio
1.79▲
2024 · 1.55
Debt / equity
1.05▼
2024 · 1.36
ROE
39.0%▲
2024 · 11.5%
ROA
19.0%▲
2024 · 4.9%
Interest coverage
66.30▲
2024 · 10.95
Debt
€1.31M▲
2024 · €1.27M
Debt ≤ 1 year
€883k▲
2024 · €695k
Debt > 1 year
€411k▼
2024 · €579k
Income taxes
€177k▲
2024 · €38k
Staff costs
€1.24M▲
2024 · €1.21M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.21M€2.55M▲
Fixed assets21/28€1.03M€843k▼
Tangible fixed assets22/27€1.03M€843k▼
Plant, machinery and equipment23€982k€803k▼
Furniture and vehicles24€52k€40k▼
Current assets29/58€1.18M€1.71M▲
Stocks and contracts in progress3€102k€129k▲
Stocks30/36€102k€129k▲
Amounts receivable within one year40/41€708k€999k▲
Trade receivables40€708k€999k▲
Cash at bank and in hand54/58€340k€568k▲
Deferred charges and accrued income490/1€31k€14k▼
Equity and liabilities
Total equity and liabilities10/49€2.21M€2.55M▲
Equity10/15€940k€1.24M▲
Contributions10/11€19k€19k=
Reserves13€921k€1.23M▲
Distributable reserves133€921k€1.23M▲
Profit (loss) carried forward14-€0
Amounts payable17/49€1.27M€1.31M▲
Amounts payable after more than one year17€579k€411k▼
Financial debts170/4€579k€411k▼
Amounts payable within one year42/48€695k€883k▲
Current portion of amounts payable after more than one year42€167k€169k▲
Trade debts44€347k€314k▼
Suppliers440/4€347k€314k▼
Taxes, remuneration and social security45€180k€291k▲
Taxes450/3€54k€195k▲
Remuneration and social security454/9€126k€96k▼
Other amounts payable47/48€859€110k▲
Accrued charges and deferred income492/3-€15k
Income statement
Code20242025
Non-recurring operating income76A€12k€0▼
Remuneration, social security and pensions62€1.21M€1.24M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€194k€194k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€1.58M€2.11M▲
Operating profit (loss)9901€170k€673k▲
Financial income75/76B€10k€1k▼
Recurring financial income75€10k€1k▼
Financial charges65/66B€33k€13k▼
Recurring financial charges65€33k€13k▼
Profit (loss) for the period before taxes9903€146k€662k▲
Income taxes67/77€38k€177k▲
Profit (loss) for the period9904€108k€485k▲
Profit (loss) for the period to be appropriated9905€108k€485k▲
Appropriation of the result
Profit (loss) to be appropriated9906€108k€485k▲
Transfer from equity791/2€97k€180k▲
Transfer to equity691/2€107k€485k▲
To other reserves6921€107k€485k▲
Profit to be distributed694/7€98k€180k▲
Return on contributions (dividend)694€98k€180k▲
Social balance
Average headcount (FTE)908717.717.9▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €485k ▲349%
Operating result €673k, net result €485k, both a record.
31-12
Financial
Equity above €1MEq €1.24M ▲32.4%
8 profitable years in a row build equity to €1.24M.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €602k ▲21.8%
3 profitable years in a row build equity to €602k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €71k ▼27%
Net result drops to €71k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beerse · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rouwbergskens 142340 BeerseGround area
7,512 m²
Building footprint
3,089 m²
Volume, LiDAR
144 m³
Parcel 13004D0176/00C029, Flanders · tallest building 10.7 m. Linked by address, not a title deed.
1 establishment unit
Stubbe
since 20092.179.231.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004D0176/00C029 | Flanders | 7,512 m² | 1 · 3,089 m² | 10.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 20,239 EUR awarded · 15,574 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,495 EUR | 3,995 EUR |
| 2024 | 2 | 9,057 EUR | 9,057 EUR |
| 2023 | 1 | 717 EUR | 552 EUR |
| 2022 | 1 | 1,970 EUR | 1,970 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Dual-learning approval
1 live approval · 2 endedMechanische vormgeving duaal (so)
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Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 1,066 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2009
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
33120Repair and maintenance of machinery
25110Manufacture of metal structures and parts of structures
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.