STUBBE-DENOO
ActiveSTUBBE-DENOO has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.38M and a net result of €124k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 7.32 against 5.85 in 2024; short-term debt: 4.2% and cash: 18.1% of total assets), and 15.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
84.1%
Return on assets
3.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
40 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
30 d late
2019
69 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.38M▲ 0.5%
2024 · €3.36M
2018: €2.72M
2019: €2.85M
2020: €2.93M
2021: €3.07M
2022: €3.19M
2023: €3.36M
2024: €3.36M
2018 → 2025
Total assets
€4.02M▼ 2.0%
2024 · €4.10M
2018: €3.20M
2019: €3.32M
2020: €3.36M
2021: €3.44M
2022: €3.46M
2023: €3.60M
2024: €4.10M
2018 → 2025
Net result
€124k▼ 6.5%
2024 · €133k
2018: €71k
2019: €135k
2020: €80k
2021: €131k
2022: €136k
2023: €183k
2024: €133k
2018 → 2025
Working capital
€1.08M▲ 3.1%
2024 · €1.04M
2018: €1.01M
2019: €1.15M
2020: €870k
2021: €1.02M
2022: €1.17M
2023: €1.34M
2024: €1.04M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.07M-€3.19M▲ 4.1%€3.36M▲ 5.4%€3.36M▼ 0.1%€3.38M▲ 0.5%
Operating result€207k-€191k▼ 7.5%€260k▲ 36.0%€156k▼ 40.0%€140k▼ 10.4%
Net result€131k-€136k▲ 3.9%€183k▲ 34.9%€133k▼ 27.4%€124k▼ 6.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.02M
Fixed assets
€2.77M▼ 2.5%
Current assets
€1.25M▼ 1.0%
Equity and liabilities €4.02M
Equity
€3.38M▲ 0.5%
Provisions
€47k▼ 8.1%
Debt
€589k▼ 14.0%
The debt ratio falls from 16.7% to 14.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€210k▼
2024 · €216k
Cash flow
€194k▲
2024 · €193k
Solvency
84.1%▲
2024 · 82.0%
Current ratio
7.32▲
2024 · 5.85
Quick ratio
7.32▲
2024 · 5.85
Debt / equity
0.17▼
2024 · 0.20
ROE
3.7%▼
2024 · 4.0%
ROA
3.1%▼
2024 · 3.2%
Interest coverage
9.72▼
2024 · 16.72
Debt
€589k▼
2024 · €685k
Debt ≤ 1 year
€170k▼
2024 · €215k
Debt > 1 year
€419k▼
2024 · €470k
Income taxes
€64k▼
2024 · €70k
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€4.10M€4.02M▼
Fixed assets21/28€2.84M€2.77M▼
Tangible fixed assets22/27€2.84M€2.77M▼
Land and buildings22€2.83M€2.76M▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.26M€1.25M▼
Amounts receivable within one year40/41€100k€106k▲
Other amounts receivable41€100k€106k▲
Current investments50/53€542k€414k▼
Cash at bank and in hand54/58€613k€726k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€4.10M€4.02M▼
Equity10/15€3.36M€3.38M▲
Contributions10/11€1.03M€1.03M=
Capital10€1.03M€1.03M=
Issued capital100€1.03M€1.03M=
Reserves13€1.24M€1.26M▲
Non-distributable reserves130/1€103k€85k▼
Legal reserve130€103k€85k▼
Tax-exempt reserves132€147k€136k▼
Distributable reserves133€994k€1.04M▲
Profit (loss) carried forward14€1.08M€1.08M=
Provisions and deferred taxes16€51k€47k▼
Deferred taxes168€51k€47k▼
Amounts payable17/49€685k€589k▼
Amounts payable after more than one year17€470k€419k▼
Financial debts170/4€470k€419k▼
Amounts payable within one year42/48€215k€170k▼
Current portion of amounts payable after more than one year42€76k€55k▼
Trade debts44€10k€20k▲
Suppliers440/4€10k€20k▲
Taxes, remuneration and social security45€9k€5k▼
Taxes450/3€9k€5k▼
Other amounts payable47/48€119k€91k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€70k▲
Other operating charges640/8€45k€47k▲
Gross operating margin9900€261k€257k▼
Operating profit (loss)9901€156k€140k▼
Financial income75/76B€44k€55k▲
Recurring financial income75€44k€55k▲
Financial charges65/66B€13k€22k▲
Recurring financial charges65€13k€22k▲
Profit (loss) for the period before taxes9903€187k€173k▼
Transfer from deferred taxes780€15k€15k=
Income taxes67/77€70k€64k▼
Profit (loss) for the period9904€133k€124k▼
Profit (loss) for the period to be appropriated9905€133k€124k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.22M€1.21M▼
Profit (loss) brought forward from the previous period14P€1.08M€1.08M=
Transfer from equity791/2€126k€95k▼
Transfer to equity691/2€133k€124k▼
To other reserves6921€133k€124k▼
Profit to be distributed694/7€126k€95k▼
Return on contributions (dividend)694€126k€95k▼
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €183k ▲34.9%
Operating result €260k, net result €183k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Brugge · 1 establishment unit since 1985
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.
Baron Joseph Ryelandtstraat 38000 BruggeGround area
824 m²
Building footprint
244 m²
Volume, LiDAR
1,619 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Smedenstraat 21, 8000 Brugge
since 19852.027.417.685
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808M0514/00Z006 | Flanders | 731 m² | 1 · 151 m² | 9.3 m · 2 fl. |
| 31804D1505/00_000 | Flanders | 93 m² | 1 · 93 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 4 entries · 1,134 EUR awarded · 1,134 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 121 EUR | 121 EUR |
| 2024 | 1 | 216 EUR | 216 EUR |
| 2023 | 1 | 0 EUR | 75 EUR |
| 2022 | 1 | 797 EUR | 722 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500156R8CYQS5B451
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,378. 2,302 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-06-1985
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.