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STUBSOLUTIONS

Active
Private limited companyfounded 2024active for 1 yearDorpsstraat 82, 8490 Jabbeke, BelgiumKBO/BCE: BE 1016.380.549
Summary

STUBSOLUTIONS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,119 and a net result of €30,119. Its solvency ranks better than 45% of 22,513 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, micro format

Equity
€38,119
Total assets
€138,058
Net result
€30,119
Working capital
€58,075

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €138,058
Fixed assets €8,934
Current assets €129,124
Equity and liabilities €138,058
Equity €38,119
Debt €99,939
Debt finances 72.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€43,411
Cash flow
€32,234
Current ratio
1.82
Quick ratio
0.91
Debt to equity
2.62
ROE
79.0%
ROA
21.8%
Interest coverage
over 100
Debt ≤ 1 year
€71,049
Debt > 1 year
€28,890
Income taxes
€11,260

Peer companies

Historical observation

Of the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96.7% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,390 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€138,058
Fixed assets21/28€8,934
Tangible fixed assets22/27€6,503
Plant, machinery and equipment23€2,745
Furniture and vehicles24€3,758
Financial fixed assets28€2,431
Current assets29/58€129,124
Stocks and contracts in progress3€64,731
Stocks30/36€64,731
Amounts receivable within one year40/41€236
Trade receivables40€200
Other amounts receivable41€36
Cash at bank and in hand54/58€63,856
Deferred charges and accrued income490/1€302
Equity and liabilities
Total equity and liabilities10/49€138,058
Equity10/15€38,119
Contributions10/11€8,000
Reserves13€30,119
Distributable reserves133€30,119
Amounts payable17/49€99,939
Amounts payable after more than one year17€28,890
Financial debts170/4€28,890
Amounts payable within one year42/48€71,049
Current portion of amounts payable after more than one year42€18,000
Trade debts44€40,847
Suppliers440/4€40,847
Taxes, remuneration and social security45€12,203
Taxes450/3€12,203
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,115
Other operating charges640/8€413
Gross operating margin9900€43,825
Operating profit (loss)9901€41,297
Financial income75/76B€233
Recurring financial income75€233
Financial charges65/66B€150
Recurring financial charges65€150
Profit (loss) for the period before taxes9903€41,380
Income taxes67/77€11,260
Profit (loss) for the period9904€30,119
Profit (loss) for the period to be appropriated9905€30,119
Appropriation of the result
Profit (loss) to be appropriated9906€30,119
Transfer to equity691/2€30,119
To other reserves6921€30,119

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,115
Other operating charges640/8€413
Gross operating margin9900€43,825
Operating profit (loss)9901€41,297
Financial income75/76B€233
Recurring financial income75€233
Financial charges65/66B€150
Recurring financial charges65€150
Profit (loss) for the period before taxes9903€41,380
Income taxes67/77€11,260
Profit (loss) for the period9904€30,119
Profit (loss) for the period to be appropriated9905€30,119
Line2025
Assets
Total assets20/58€138,058
Fixed assets21/28€8,934
Tangible fixed assets22/27€6,503
Plant, machinery and equipment23€2,745
Furniture and vehicles24€3,758
Financial fixed assets28€2,431
Current assets29/58€129,124
Stocks and contracts in progress3€64,731
Stocks30/36€64,731
Amounts receivable within one year40/41€236
Trade receivables40€200
Other amounts receivable41€36
Cash at bank and in hand54/58€63,856
Deferred charges and accrued income490/1€302
Equity and liabilities
Total equity and liabilities10/49€138,058
Equity10/15€38,119
Contributions10/11€8,000
Reserves13€30,119
Distributable reserves133€30,119
Amounts payable17/49€99,939
Amounts payable after more than one year17€28,890
Financial debts170/4€28,890
Amounts payable within one year42/48€71,049
Current portion of amounts payable after more than one year42€18,000
Trade debts44€40,847
Suppliers440/4€40,847
Taxes, remuneration and social security45€12,203
Taxes450/3€12,203
Line2025
Profit (loss) for the period9904€30,119
+ Depreciation and write-downs630€2,115
Operating cash flow (approximation)€32,234

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 07-05-2026 2026-00105501

Similar companies · same sector, comparable size

Of the 2,284 active companies whose main activity is retail sale of newspapers and periodicals (NACE 47621), figures are known for 1,235. 1,060 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.