ACTIVE

STUBBE-DENOO

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Financial year 2024 · closed on 31/12/2024

Net result

133 k €

-27.4% YoY

Gross margin

260,7 k €

-26.3% YoY

Equity

3,4 M €

-0.1% YoY

What does STUBBE-DENOO do?

STUBBE-DENOO is a Public limited company incorporated in 1985. Its main activity is: Development of building projects. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.414.266

Incorporation

29/06/1985

Legal form

Public limited company

Registered office

Baron Joseph Ryelandtstraat 3
8000 Brugge · FlandreSee on map

Contributed capital

1 032 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 68310Real estate agencies 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	260,7 k €	-26.3%	353,7 k €	+15.1%	307,2 k €	-3.9%	319,9 k €	+44.0%	222,2 k €	-24.9%	295,9 k €	+75.8%	168,3 k €	-26.6%	229,2 k €	+16.8%	196,2 k €	-6.7%	210,2 k €	-7.1%	226,2 k €	-9.7%	250,6 k €	-12.5%	286,4 k €	+28.8%	222,4 k €	-11.6%	251,6 k €	+3.2%	243,7 k €	+12.4%	216,9 k €	+5.4%	205,9 k €	+7.6%	191,3 k €
EBITDA	216,2 k €	-30.5%	311 k €	+17.0%	265,8 k €	-5.5%	281,4 k €	+54.1%	182,6 k €	-30.1%	261,1 k €	+96.3%	133 k €	-25.6%	178,7 k €	+18.4%	150,9 k €	-14.6%	176,7 k €	-9.7%	195,7 k €	-11.1%	220,1 k €	-7.6%	238,3 k €	+31.5%	181,2 k €	-8.5%	198,1 k €	-4.3%	207 k €	+6.5%	194,3 k €	+6.8%	182 k €	+5.9%	171,9 k €
Operating result	156,2 k €	-40.0%	260,3 k €	+36.0%	191,5 k €	-7.5%	207,1 k €	+82.5%	113,4 k €	-41.1%	192,6 k €	+218%	60,5 k €	-21.6%	77,2 k €	+214%	24,6 k €	-77.0%	106,8 k €	+15.0%	92,8 k €	-10.5%	103,8 k €	+3.1%	100,7 k €	+491%	17 k €	-57.3%	40 k €	-24.2%	52,8 k €	+5.3%	50,1 k €	+29.6%	38,7 k €	+10.8%	34,9 k €
Net result	133 k €	-27.4%	183,2 k €	+34.9%	135,8 k €	+3.9%	130,7 k €	+63.1%	80,1 k €	-40.8%	135,4 k €	+90.7%	71 k €	-43.3%	125,2 k €	+362%	27,1 k €	-67.4%	83 k €	+7.3%	77,4 k €	-22.4%	99,7 k €	+1.0%	98,7 k €	+470%	17,3 k €	-58.7%	41,9 k €	-36.5%	66 k €	+45.4%	45,4 k €	+65.5%	27,4 k €	-20.3%	34,4 k €
Balance sheet
Equity	3,4 M €	-0.1%	3,4 M €	+5.4%	3,2 M €	+4.1%	3,1 M €	+4.6%	2,9 M €	+3.0%	2,8 M €	+4.6%	2,7 M €	+2.8%	2,6 M €	+5.9%	2,5 M €	+1.3%	2,5 M €	+3.9%	2,4 M €	+3.6%	2,3 M €	+4.1%	2,2 M €	+4.2%	2,1 M €	+1.1%	2,1 M €	+2.3%	2 M €	-3.7%	2,1 M €	+2.2%	2,1 M €	+1.3%	2,1 M €
Total assets	4,1 M €	+14.0%	3,6 M €	+3.8%	3,5 M €	+0.6%	3,4 M €	+2.4%	3,4 M €	+1.4%	3,3 M €	+3.6%	3,2 M €	+0.8%	3,2 M €	+2.3%	3,1 M €	+17.3%	2,6 M €	+2.5%	2,6 M €	+2.1%	2,5 M €	+2.6%	2,5 M €	+3.1%	2,4 M €	-0.3%	2,4 M €	-0.6%	2,4 M €	+1.6%	2,4 M €	+0.2%	2,4 M €	-0.6%	2,4 M €
Cash	613,2 k €	-22.6%	792 k €	+1.9%	777,3 k €	+120%	353,2 k €	+1.6%	347,6 k €	-55.7%	784,2 k €	+12.1%	699,6 k €	+8.5%	644,6 k €	+52.6%	422,4 k €	-17.5%	511,9 k €	-15.3%	604,3 k €	-6.5%	646,6 k €	-2.0%	659,6 k €	+45.3%	454,1 k €	-17.3%	549 k €	+17.5%	467,2 k €	+39.5%	334,8 k €	+79.1%	186,9 k €	-10.5%	208,7 k €
Debts	685,5 k €	+290%	175,8 k €	-17.0%	211,8 k €	-32.3%	312,8 k €	-13.8%	363 k €	-8.5%	396,9 k €	-0.9%	400,3 k €	-10.5%	447,2 k €	-10.8%	501,3 k €	+607%	70,9 k €	-14.8%	83,3 k €	-24.9%	110,9 k €	-13.2%	127,7 k €	-7.7%	138,4 k €	-12.0%	157,4 k €	-20.5%	198 k €	-19.8%	246,9 k €	-14.4%	288,4 k €	-13.2%	332,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 2 ended

Active mandates

Marianne Stubbe

Managing director

Active

Paul Stubbe

Managing director

Active

Ended mandates

Louis Stubbe

Managing director

Ended

Louis STUBBE

Director

Ended

At this address

Other companies at this address

Company	CBE no.
CASTRES● Active	0771.899.472
STUBBE - DENOO VASTGOED● Active	0462.457.101

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/09/2025	30/08/2024	31/08/2023	30/08/2022	30/08/2021	08/10/2020
General meeting	03/09/2025	29/08/2024	29/08/2023	25/08/2022	27/08/2021	08/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	03/09/2025	09/09/2025	Dutch	PDF
Micro model	31/12/2023	29/08/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	29/08/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	25/08/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	27/08/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	08/09/2020	08/10/2020	Dutch	PDF
Micro model	31/12/2018	31/08/2019	30/09/2019	Dutch	PDF
Micro model	31/12/2017	31/08/2018	28/09/2018	Dutch	PDF
Micro model	31/12/2016	31/08/2017	29/09/2017	Dutch	PDF
Abridged model	31/12/2015	16/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	29/07/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/08/2013	27/09/2013	Dutch	PDF
Abridged model	31/12/2011	31/07/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	23/08/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

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 31/12/2024 · 2 active · 2 ended

Active mandates

Marianne Stubbe

Managing director

Active

Paul Stubbe

Managing director

Active

Ended mandates

Louis Stubbe

Managing director

Ended

Louis STUBBE

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/02/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/11/2009
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/07/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 2024133 k €↓
2023
Annual accounts 2023183,2 k €↑
2022
Annual accounts 2022135,8 k €↑
2021
Annual accounts 2021130,7 k €↑
2020
Annual accounts 202080,1 k €↓
2019
Annual accounts 2019135,4 k €↑
2018
Annual accounts 201871 k €↓
2017
Annual accounts 2017125,2 k €↑
2016
Annual accounts 201627,1 k €↓
2015
Annual accounts 201583 k €↑
2014
Annual accounts 201477,4 k €↓
2013
Annual accounts 201399,7 k €↑
2012
Annual accounts 201298,7 k €↑
2011
Annual accounts 201117,3 k €↓
2010
Annual accounts 201041,9 k €↓
2009
Annual accounts 200966 k €↑
2008
Annual accounts 200845,4 k €↑
2007
Annual accounts 200727,4 k €↓
2006
Annual accounts 200634,4 k €
29/06/1985
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

STUBBE-DENOO

Overview

What does STUBBE-DENOO do?

Trend over 19 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