ACTIVE

STUBAL (SCRL)

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Financial year 2025 · closed on 31/12/2025

Net result

-5,6 k €

-8.1% YoY

Gross margin

-3,1 k €

-11.4% YoY

Equity

11,5 k €

-32.7% YoY

What does STUBAL do?

STUBAL is a Private company with limited liability incorporated in 1992. Its registered office is in Diest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.874.050

Incorporation

19/03/1992

Legal form

Private company with limited liability

Registered office

Commissaris Neyskenslaan 120 box B
3290 Diest · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-3,1 k €	-11.4%	-2,8 k €	-342%	-637 €	-116%	4 k €	+21.3%	3,3 k €	+0.6%	3,3 k €	+39.9%	2,4 k €	-76.4%	10 k €	+71.8%	5,8 k €	-56.1%	13,3 k €	+86.9%	7,1 k €	+0.9%	7 k €	+11.1%	6,3 k €	-32.2%	9,4 k €	-3.0%	9,6 k €	-9.5%	10,6 k €	+23.2%	8,6 k €	-13.6%	10 k €	+16.9%	8,6 k €
EBITDA	-5,4 k €	-8.1%	-5 k €	-82.6%	-2,7 k €	-241%	1,9 k €	-39.1%	3,2 k €	+104%	1,6 k €	+150%	626,1 €	-92.5%	8,3 k €	+102%	4,1 k €	-64.6%	11,7 k €	+113%	5,5 k €	+0.8%	5,4 k €	+13.8%	4,8 k €	-39.0%	7,8 k €	-3.9%	8,2 k €	-11.0%	9,2 k €	+26.8%	7,2 k €	-16.0%	8,6 k €	+19.6%	7,2 k €
Operating result	-5,4 k €	-8.1%	-5 k €	-82.6%	-2,7 k €	-241%	1,9 k €	-39.1%	3,2 k €	+104%	1,6 k €	+150%	626,1 €	-92.5%	8,3 k €	+274%	2,2 k €	-77.2%	9,8 k €	+179%	3,5 k €	+8.1%	3,2 k €	+167%	1,2 k €	+479%	209 €	-57.9%	496 €	-67.1%	1,5 k €	+448%	-433 €	-146%	941 €	+301%	-469 €
Net result	-5,6 k €	-8.1%	-5,1 k €	-79.6%	-2,9 k €	-366%	1,1 k €	-38.4%	1,8 k €	+102%	866,1 €	+165%	327,1 €	-94.0%	5,5 k €	+468%	963,4 €	-86.8%	7,3 k €	-5.8%	7,7 k €	+30.0%	6 k €	+82.6%	3,3 k €	+228%	995 €	+103%	490 €	-67.0%	1,5 k €	+492%	-379 €	-145%	837 €	+177%	-1,1 k €
Balance sheet
Equity	11,5 k €	-32.7%	17 k €	-23.2%	22,2 k €	-11.4%	25 k €	+4.5%	24 k €	+10.9%	21,6 k €	+4.2%	20,7 k €	+1.6%	20,4 k €	-55.5%	45,9 k €	-48.4%	88,9 k €	+8.9%	81,6 k €	+10.5%	73,8 k €	+8.8%	67,9 k €	+5.1%	64,6 k €	+1.6%	63,6 k €	+0.8%	63,1 k €	+2.4%	61,6 k €	-0.6%	62 k €	+1.4%	61,2 k €
Total assets	21,7 k €	+20.4%	18,1 k €	-29.6%	25,7 k €	-10.6%	28,7 k €	+6.8%	26,9 k €	+6.4%	25,3 k €	+20.7%	20,9 k €	-35.6%	32,5 k €	-35.6%	50,4 k €	-44.5%	91 k €	+7.5%	84,6 k €	+10.4%	76,6 k €	+11.2%	68,9 k €	+4.6%	65,9 k €	+3.6%	63,6 k €	+0.1%	63,6 k €	+1.3%	62,7 k €	+0.4%	62,5 k €	-7.5%	67,5 k €
Cash	3,8 k €	+3335%	110,2 €	+36.9%	80,5 €	-88.7%	712,8 €	+22.0%	584,1 €	+1144%	47 €	-87.3%	370,6 €	-84.4%	2,4 k €	+166%	893,1 €	-66.1%	2,6 k €	-12.2%	3 k €	+200%	1 k €	-63.2%	2,7 k €	+10.8%	2,5 k €	+11.2%	2,2 k €	-88.7%	19,5 k €	+91.9%	10,2 k €	+341%	2,3 k €	+422%	442 €
Debts	10,3 k €	+892%	1 k €	-33.8%	1,6 k €	-10.6%	1,8 k €	+75.0%	1 k €	+25.0%	800 €	+300%	200 €	-98.0%	10,2 k €	+185%	3,6 k €	+71.7%	2,1 k €		–		–		–		–		–		–		–		–		4,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 17 ended

Active mandates

Ben Janssen

Mandate

Active

Ended mandates

Danielle Similon

Manager · since 31 mars 2016

Ended

Danielle Similon

Managing director · since 29 septembre 2015 · until 29 juin 2021

Ended

Danielle Similon

Managing director · since 29 juin 2015 · until 29 juin 2021

Ended

Louis Similon

Director · since 29 juin 2015 · until 29 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
VR MUSIC● Active	0480.258.084

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro 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	31/07/2026	20/08/2025	23/08/2024	19/08/2023	28/07/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	20/08/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	23/08/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	19/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	31/10/2019	Dutch	PDF
Micro model	31/12/2017	22/01/2018	30/01/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	09/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	06/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	09/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 17 ended

Active mandates

Ben Janssen

Mandate

Active

Ended mandates

Danielle Similon

Manager · since 31 mars 2016

Ended

Danielle Similon

Managing director · since 29 septembre 2015 · until 29 juin 2021

Ended

Danielle Similon

Managing director · since 29 juin 2015 · until 29 juin 2021

Ended

Louis Similon

Director · since 29 juin 2015 · until 29 juin 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2016
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates26/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/09/2007
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/01/2004
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2003
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 2025-5,6 k €↓
2024
Annual accounts 2024-5,1 k €↓
2023
Annual accounts 2023-2,9 k €↓
2022
Annual accounts 20221,1 k €↓
2021
Annual accounts 20211,8 k €↑
2019
Annual accounts 2019866,1 €↑
2018
Annual accounts 2018327,1 €↓
2017
Annual accounts 20175,5 k €↑
2016
Annual accounts 2016963,4 €↓
2015
Annual accounts 20157,3 k €↓
2014
Annual accounts 20147,7 k €↑
2013
Annual accounts 20136 k €↑
2012
Annual accounts 20123,3 k €↑
2011
Annual accounts 2011995 €↑
2010
Annual accounts 2010490 €↓
2009
Annual accounts 20091,5 k €↑
2008
Annual accounts 2008-379 €↓
2007
Annual accounts 2007837 €↑
2006
Annual accounts 2006-1,1 k €
19/03/1992
IncorporationPrivate company with limited liability

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

STUBAL (SCRL)

Overview

What does STUBAL 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