ACTIVE

DR. STALS

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Financial year 2025 · closed on 31/03/2025

Net result

197,6 k €

+8.5% YoY

Gross margin

332,3 k €

+7.4% YoY

Equity

964,5 k €

+14.3% YoY

What does DR. STALS do?

DR. STALS is a Private limited company incorporated in 1999. Its main activity is: Other human health activities. Its registered office is in As.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.507.939

Incorporation

09/07/1999

Legal form

Private limited company

Registered office

Stationsstraat 3
3665 As · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2025

Activities (NACE)

86901Other human health activities· main 86910Other human health activities

Joint committees (1)

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

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	332,3 k €	+7.4%	309,5 k €	+4.3%	296,6 k €	+154%	116,9 k €	-35.8%	182,1 k €	-6.3%	194,4 k €	+12.3%	173,1 k €	-17.3%	209,2 k €	+56.9%	133,4 k €	-2.2%	136,4 k €	+41.7%	96,2 k €	-37.9%	154,9 k €	-9.3%	170,8 k €	+10.7%	154,3 k €	-23.3%	201,1 k €	+41.5%	142,1 k €	-7.7%	154 k €	-3.8%	160 k €	+247%	46,1 k €
EBITDA	329,1 k €	+6.3%	309,5 k €	+4.9%	295,1 k €	+157%	114,8 k €	-36.4%	180,6 k €	-6.2%	192,5 k €	+13.1%	170,2 k €	-17.7%	206,7 k €	+58.5%	130,4 k €	-2.3%	133,5 k €	+42.3%	93,8 k €	-38.7%	153,1 k €	-9.4%	169,1 k €	+10.8%	152,6 k €	-21.0%	193,2 k €	+38.9%	139,1 k €	-8.7%	152,4 k €	-3.1%	157,3 k €	+255%	44,3 k €
Operating result	290,7 k €	+6.5%	273 k €	-0.4%	274,1 k €	+168%	102,2 k €	-29.6%	145,1 k €	-7.3%	156,4 k €	+19.6%	130,8 k €	-18.8%	161,2 k €	+79.7%	89,7 k €	-23.1%	116,6 k €	+125%	51,9 k €	-57.2%	121,1 k €	-4.3%	126,6 k €	+32.1%	95,8 k €	-22.5%	123,7 k €	+34.2%	92,2 k €	+46.1%	63,1 k €	-1.2%	63,9 k €	+269%	-37,7 k €
Net result	197,6 k €	+8.5%	182,2 k €	-2.7%	187,2 k €	+194%	63,7 k €	-27.6%	88,1 k €	-8.8%	96,5 k €	+25.0%	77,2 k €	-21.8%	98,7 k €	+107%	47,7 k €	-30.2%	68,3 k €	+118%	31,3 k €	-68.9%	100,5 k €	+25.7%	79,9 k €	+40.4%	56,9 k €	-26.0%	77 k €	+43.3%	53,7 k €	+11.2%	48,3 k €	-10.1%	53,8 k €	+220%	-44,8 k €
Balance sheet
Equity	964,5 k €	+14.3%	844,1 k €	+18.7%	711,1 k €	+1.2%	702,8 k €	+9.8%	639,8 k €	+9.6%	583,8 k €	+19.6%	488,1 k €	+18.6%	411,7 k €	-15.8%	489 k €	+10.8%	441,3 k €	+18.3%	373 k €	+9.2%	341,7 k €	-1.1%	345,6 k €	+28.9%	268,1 k €	-7.9%	291,1 k €	+36.0%	214,1 k €	+38.9%	154,2 k €	+45.7%	105,8 k €	+103%	52,1 k €
Total assets	1,5 M €	+14.1%	1,3 M €	+13.8%	1,1 M €	+25.8%	905,8 k €	+5.9%	854,9 k €	+12.2%	761,9 k €	+15.1%	662,1 k €	-13.7%	767,1 k €	+16.2%	660,1 k €	+6.6%	619,4 k €	+13.8%	544,5 k €	+0.5%	541,8 k €	+8.6%	498,9 k €	+20.9%	412,6 k €	+2.2%	403,8 k €	+39.2%	290,1 k €	+40.0%	207,2 k €	-10.9%	232,5 k €	-31.9%	341,5 k €
Cash	602,9 k €	+81.8%	331,6 k €	-65.9%	972 k €	+15.1%	844,6 k €	+9.5%	771,6 k €	+12.2%	688 k €	+19.7%	574,8 k €	-7.0%	618,4 k €	+24.5%	496,9 k €	+12.8%	440,6 k €	+17.6%	374,7 k €	+6.3%	352,4 k €	+26.1%	279,6 k €	+34.4%	208 k €	+28.4%	161,9 k €	-6.0%	172,2 k €	+97.7%	87,1 k €	+9.7%	79,4 k €	-37.7%	127,5 k €
Debts	483,5 k €	+12.1%	431,3 k €	+3.8%	415,4 k €	+114%	194,6 k €	-6.5%	208,1 k €	+21.3%	171,5 k €	+4.9%	163,5 k €	-53.0%	348 k €	+112%	164,1 k €	-3.3%	169,7 k €	+3.4%	164,2 k €	-15.2%	193,7 k €	+32.4%	146,3 k €	+5.8%	138,2 k €	+28.7%	107,4 k €	+42.8%	75,2 k €	+41.9%	53 k €	-58.1%	126,7 k €	-56.2%	289,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 3 ended

Active mandates

Theo Stals

Director · since 09 juillet 1999

Active

Ended mandates

Theo Stals

Manager · since 09 juillet 1999

Ended

Theo De heer STALS

Manager

Ended

Theo Stals

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Villa Asch● Active	0748.713.108

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/09/2025	08/10/2024	19/12/2023	26/10/2022	05/10/2021	15/10/2020
General meeting	10/09/2025	10/09/2024	10/09/2023	10/09/2022	10/09/2021	10/09/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	10/09/2025	18/09/2025	Dutch	PDF
Micro model	31/03/2024	10/09/2024	08/10/2024	Dutch	PDF
Micro model	31/03/2023	10/09/2023	19/12/2023	Dutch	PDF
Micro model	31/03/2022	10/09/2022	26/10/2022	Dutch	PDF
Micro modelCorrection	31/03/2021	10/09/2021	05/10/2021	Dutch	PDF
Micro model	31/03/2021	10/09/2021	29/09/2021	Dutch	PDF
Micro model	31/03/2020	10/09/2020	15/10/2020	Dutch	PDF
Micro model	31/03/2019	10/09/2019	21/10/2019	Dutch	PDF
Micro model	31/03/2018	10/09/2018	22/10/2018	Dutch	PDF
Micro model	31/03/2017	11/09/2017	09/11/2017	Dutch	PDF
Abridged model	31/03/2016	17/09/2016	22/09/2016	Dutch	PDF
Abridged model	31/03/2015	10/09/2015	06/10/2015	Dutch	PDF
Abridged model	31/03/2014	10/09/2014	22/09/2014	Dutch	PDF
Abridged model	31/03/2013	10/09/2013	11/09/2013	Dutch	PDF
Abridged model	31/03/2012	10/09/2012	20/09/2012	Dutch	PDF
Abridged model	31/03/2011	10/09/2011	09/11/2011	Dutch	PDF
Abridged model	31/03/2010	09/09/2010	27/10/2010	Dutch	PDF
Abridged model	31/03/2009	10/09/2009	19/11/2009	Dutch	PDF
Abridged model	31/03/2008	10/09/2008	16/09/2008	Dutch	PDF
Abridged model	31/03/2007	10/09/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/03/2025 · 1 active · 3 ended

Active mandates

Theo Stals

Director · since 09 juillet 1999

Active

Ended mandates

Theo Stals

Manager · since 09 juillet 1999

Ended

Theo De heer STALS

Manager

Ended

Theo Stals

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2024
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/04/2018
KAPITAAL - AANDELEN
PDF
Capital / shares12/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/03/2004
ONTSLAGEN - BENOEMINGEN - BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - 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

2025
Annual accounts 2025197,6 k €↑
2024
Annual accounts 2024182,2 k €↓
2023
Annual accounts 2023187,2 k €↑
2022
Annual accounts 202263,7 k €↓
2021
Annual accounts 202188,1 k €↓
2020
Annual accounts 202096,5 k €↑
2019
Annual accounts 201977,2 k €↓
2018
Annual accounts 201898,7 k €↑
2017
Annual accounts 201747,7 k €↓
2016
Annual accounts 201668,3 k €↑
2015
Annual accounts 201531,3 k €↓
2014
Annual accounts 2014100,5 k €↑
2013
Annual accounts 201379,9 k €↑
2012
Annual accounts 201256,9 k €↓
2011
Annual accounts 201177 k €↑
2010
Annual accounts 201053,7 k €↑
2009
Annual accounts 200948,3 k €↓
2008
Annual accounts 200853,8 k €↑
2007
Annual accounts 2007-44,8 k €
09/07/1999
IncorporationPrivate 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

DR. STALS

Overview

What does DR. STALS 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