ACTIVE

"S" Consults

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Financial year 2025 · closed on 31/12/2025

Net result

-70,6 k €

-176.1% YoY

Gross margin

89,9 k €

+15.5% YoY

Equity

1,5 M €

-4.6% YoY

Workforce

0,5 ETP

0.0% YoY

What does "S" Consults do?

"S" Consults is a Public limited company incorporated in 1984. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Hasselt. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.888.891

Incorporation

15/05/1984

Legal form

Public limited company

Registered office

Havermarkt 16 box 19
3500 Hasselt · FlandreSee on map

Contributed capital

74 368,06 €

Latest accounts

31/12/2025

Average workforce

0,5 ETP

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68321Management of real estate on a fee or contract basis

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	89,9 k €	+15.5%	77,9 k €	-27.8%	107,8 k €	+25.2%	86,1 k €	-94.3%	1,5 M €	+1722%	83 k €	+21.4%	68,4 k €	+28.7%	53,1 k €	-78.4%	246,3 k €	-22.1%	316,2 k €	-13.3%	364,6 k €	+2.7%	354,9 k €	-0.2%	355,6 k €	+4.2%	341,2 k €	+3.0%	331,3 k €	+5.8%	313 k €	-7.5%	338,5 k €	+7.7%	314,3 k €
EBITDA	43 k €	+28.9%	33,3 k €	-48.8%	65,1 k €	+15.4%	56,4 k €	-96.1%	1,4 M €	+104883%	1,4 k €	-74.7%	5,5 k €	+227%	-4,3 k €	-102%	195,2 k €	-27.2%	268,2 k €	-17.2%	323,9 k €	+3.8%	312,1 k €	-0.7%	314,3 k €	+4.4%	301 k €	+2.6%	293,6 k €	+6.2%	276,3 k €	-9.9%	306,7 k €	+8.2%	283,6 k €
Operating result	-88,5 k €	+8.3%	-96,5 k €	-51.1%	-63,8 k €	-5.0%	-60,8 k €	-105%	1,3 M €	+965%	-154,2 k €	+9.9%	-171,1 k €	+10.0%	-190,1 k €	-862%	24,9 k €	-76.6%	106,7 k €	-12.6%	122 k €	+5.2%	116 k €	-12.5%	132,6 k €	+6.1%	124,9 k €	+6.6%	117,2 k €	-31.3%	170,7 k €	-18.4%	209,2 k €	+12.4%	186 k €
Net result	-70,6 k €	-176%	92,7 k €	+399%	-31,1 k €	+85.9%	-220,1 k €	-119%	1,1 M €	+754%	-173,4 k €	-22.6%	-141,4 k €	+45.5%	-259,5 k €	-582%	-38 k €	-960%	4,4 k €	+101%	-367,5 k €	-2926%	13 k €	-33.3%	19,5 k €	+101%	-3,2 M €	-12335%	26,1 k €	-43.6%	46,2 k €	-60.1%	115,8 k €	+112%	54,7 k €
Balance sheet
Equity	1,5 M €	-4.6%	1,5 M €	+6.4%	1,4 M €	-2.1%	1,5 M €	-13.0%	1,7 M €	+108%	815,5 k €	-17.5%	988,9 k €	-12.5%	1,1 M €	-18.7%	1,4 M €	-2.7%	1,4 M €	+0.3%	1,4 M €	-20.5%	1,8 M €	+0.7%	1,8 M €	+1.1%	1,8 M €	-64.4%	4,9 M €	+0.5%	4,9 M €	+0.9%	4,9 M €	+2.4%	4,8 M €
Total assets	2,8 M €	-5.7%	3 M €	+0.9%	2,9 M €	-5.6%	3,1 M €	-8.5%	3,4 M €	+22.6%	2,8 M €	-4.4%	2,9 M €	-5.2%	3,1 M €	-0.3%	3,1 M €	-4.1%	3,2 M €	-7.6%	3,5 M €	-12.7%	4 M €	-2.7%	4,1 M €	-3.1%	4,2 M €	-46.8%	7,9 M €	+21.4%	6,5 M €	+1.5%	6,4 M €	+0.1%	6,4 M €
Cash	39,1 k €	-90.1%	396,1 k €	+257%	110,9 k €	-76.4%	470,6 k €	-62.8%	1,3 M €	+7894%	15,8 k €	+41.8%	11,1 k €	+78.7%	6,2 k €	+37.9%	4,5 k €	-64.8%	12,9 k €	-73.4%	48,3 k €	+210%	15,6 k €	-77.1%	68,1 k €	+55.3%	43,8 k €	-87.3%	345,7 k €	+10.6%	312,7 k €	+128%	137 k €	+1366%	9,3 k €
Debts	1,3 M €	-6.8%	1,4 M €	-4.4%	1,5 M €	-6.2%	1,6 M €	-6.7%	1,7 M €	-12.7%	2 M €	+2.3%	1,9 M €	+1.6%	1,9 M €	+15.2%	1,6 M €	-5.0%	1,7 M €	-13.7%	2 M €	-6.2%	2,1 M €	-7.5%	2,3 M €	-6.1%	2,5 M €	-17.7%	3 M €	+84.7%	1,6 M €	+3.3%	1,6 M €	-6.5%	1,7 M €
Other
Workforce	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	+25.0%	0,4 ETP	0.0%	0,4 ETP		–		0,3 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

Annouk Stulens

Director · since 21 juin 2023

Active

Birgit Stulens

Director · since 21 juin 2023

Active

Maria Leën

Managing director · since 21 juin 2023

Active

Ended mandates

Annouk Stulens

Director · since 21 juin 2023 · until 31 mai 2029

Ended

Birgit Stulens

Director · since 21 juin 2023 · until 31 mai 2029

Ended

Maria Leën

Managing director · since 21 juin 2023 · until 31 mai 2029

Ended

Birgit Stulens

Director · since 23 août 2019 · until 31 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
I.M. INVEST● Active	0431.099.969
LAEGVELD● Active	0442.804.901

Annual accounts

Full financial information

	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	23/06/2026	08/07/2025	18/07/2024	17/07/2023	19/07/2022	25/06/2021
General meeting	01/06/2026	21/06/2025	21/06/2024	21/06/2023	21/06/2022	31/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	08/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	21/06/2023	17/07/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	19/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	23/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	24/07/2018	Dutch	PDF
Abridged modelCorrection	31/12/2016	21/06/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	18/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	11/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	15/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	22/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	24/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

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 · 3 active · 20 ended

Active mandates

Annouk Stulens

Director · since 21 juin 2023

Active

Birgit Stulens

Director · since 21 juin 2023

Active

Maria Leën

Managing director · since 21 juin 2023

Active

Ended mandates

Annouk Stulens

Director · since 21 juin 2023 · until 31 mai 2029

Ended

Birgit Stulens

Director · since 21 juin 2023 · until 31 mai 2029

Ended

Maria Leën

Managing director · since 21 juin 2023 · until 31 mai 2029

Ended

Birgit Stulens

Director · since 23 août 2019 · until 31 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/08/2011
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-70,6 k €↓
2024
Annual accounts 202492,7 k €↑
2023
Annual accounts 2023-31,1 k €↑
2022
Annual accounts 2022-220,1 k €↓
2021
Annual accounts 20211,1 M €↑
2018
Annual accounts 2018-173,4 k €↓
2017
Annual accounts 2017-141,4 k €↑
2016
Annual accounts 2016-259,5 k €↓
2015
Annual accounts 2015-38 k €↓
2014
Annual accounts 20144,4 k €↑
2013
Annual accounts 2013-367,5 k €↓
2012
Annual accounts 201213 k €↓
2011
Annual accounts 201119,5 k €↑
2010
Annual accounts 2010-3,2 M €↓
2009
Annual accounts 200926,1 k €↓
2008
Annual accounts 200846,2 k €↓
2007
Annual accounts 2007115,8 k €↑
2006
Annual accounts 200654,7 k €
15/05/1984
IncorporationPublic limited company

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

"S" Consults

Overview

What does "S" Consults do?

Trend over 18 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline