ACTIVE

STEPHEX STABLES

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Financial year 2025 · closed on 30/09/2025

Net result

945,1 k €

+34.4% YoY

Revenue

130,9 M €

-8.0% YoY

Equity

32,6 M €

+1.9% YoY

Workforce

26,2 ETP

-6.1% YoY

What does STEPHEX STABLES do?

STEPHEX STABLES is a Public limited company incorporated in 2002. Its registered office is in Meise. It employs on average 26,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.214.858

Incorporation

28/03/2002

Legal form

Public limited company

Registered office

Lovegemstraat 8
1861 Meise · FlandreSee on map

Contributed capital

1 062 000,00 €

Latest accounts

30/09/2025

Average workforce

26,2 ETP

Joint committees (1)

14400

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	130,9 M €	-8.0%	142,3 M €	-2.2%	145,6 M €	+13.3%	128,5 M €	+27.2%	101,1 M €	+8.9%	92,8 M €	+9.4%	84,9 M €	+23.7%	68,6 M €	+4.0%	65,9 M €	+29.7%	50,8 M €	+40.8%	36,1 M €	+9.1%	33,1 M €	+13.5%	29,1 M €	+1.6%	28,7 M €	+42.1%	20,2 M €	-0.6%	20,3 M €	+38.8%	14,6 M €
EBITDA	844,1 k €	-21.6%	1,1 M €	-82.7%	6,2 M €	-48.5%	12,1 M €	+71.7%	7 M €	-29.3%	9,9 M €	+25.9%	7,9 M €	+71.6%	4,6 M €	-18.6%	5,7 M €	+21.2%	4,7 M €	+142%	1,9 M €	-35.6%	3 M €	+112%	1,4 M €	-57.1%	3,3 M €	+129%	1,4 M €	-37.3%	2,3 M €	+62.0%	1,4 M €
Operating result	-302,4 k €	-155%	554,6 k €	-89.6%	5,3 M €	-38.2%	8,6 M €	+61.7%	5,3 M €	-26.4%	7,2 M €	+56.5%	4,6 M €	+1.4%	4,6 M €	+6.4%	4,3 M €	+21.9%	3,5 M €	+33.8%	2,6 M €	+50.2%	1,8 M €	+19.6%	1,5 M €	-15.2%	1,7 M €	+134%	738,7 k €	+226%	226,4 k €	-73.4%	850,5 k €
Net result	945,1 k €	+34.4%	703,2 k €	-81.4%	3,8 M €	-42.1%	6,5 M €	+84.9%	3,5 M €	-29.9%	5 M €	+49.4%	3,4 M €	+15.4%	2,9 M €	+6.0%	2,8 M €	+18.8%	2,3 M €	+32.0%	1,8 M €	+35.1%	1,3 M €	+31.4%	990,1 k €	-17.1%	1,2 M €	+60.9%	742,8 k €	+65.0%	450,2 k €	-32.7%	668,6 k €
Balance sheet
Equity	32,6 M €	+1.9%	32 M €	+1.1%	31,6 M €	+13.6%	27,8 M €	+64.9%	16,9 M €	+14.4%	14,8 M €	+23.8%	11,9 M €	+18.6%	10 M €	+17.2%	8,6 M €	+21.3%	7,1 M €	+23.0%	5,7 M €	+21.3%	4,7 M €	+13.2%	4,2 M €	+7.4%	3,9 M €	+5.3%	3,7 M €	+15.4%	3,2 M €	+6.7%	3 M €
Total assets	112,6 M €	-2.5%	115,4 M €	+10.4%	104,5 M €	+18.2%	88,4 M €	+41.5%	62,5 M €	+6.3%	58,8 M €	+21.5%	48,4 M €	+13.8%	42,5 M €	+29.5%	32,8 M €	+12.6%	29,2 M €	+21.7%	24 M €	+41.0%	17 M €	+11.2%	15,3 M €	-11.7%	17,3 M €	+38.3%	12,5 M €	-0.8%	12,6 M €	+11.8%	11,3 M €
Cash	680,9 k €	-65.8%	2 M €	+127%	875,5 k €	-62.7%	2,3 M €	+232%	705,6 k €	-35.4%	1,1 M €	+85.1%	590,1 k €	-70.4%	2 M €	+218%	628,7 k €	-61.7%	1,6 M €	+23.5%	1,3 M €	-21.0%	1,7 M €	-47.3%	3,2 M €	-4.2%	3,3 M €	+41.5%	2,4 M €	+232%	710,9 k €	+5.1%	676,7 k €
Debts	79,4 M €	-4.6%	83,2 M €	+15.6%	72 M €	+21.2%	59,4 M €	+31.5%	45,2 M €	+2.7%	44 M €	+23.4%	35,6 M €	+12.3%	31,7 M €	+34.3%	23,6 M €	+9.2%	21,6 M €	+20.6%	17,9 M €	+48.8%	12,1 M €	+10.4%	10,9 M €	-17.6%	13,2 M €	+53.2%	8,6 M €	-6.8%	9,3 M €	+12.2%	8,3 M €
Other
Workforce	26,2 ETP	-6.1%	27,9 ETP	+51.6%	18,4 ETP	+18300%	0,1 ETP		–		–		–		–		–		5,2 ETP	-69.9%	17,3 ETP	+17.7%	14,7 ETP	-8.7%	16,1 ETP	+27.8%	12,6 ETP	+23.5%	10,2 ETP	-8.1%	11,1 ETP	+19.4%	9,3 ETP

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 30/09/2025 · 1 active · 22 ended

Active mandates

STEPHEX and C°

Director · since 27 septembre 2023 · until 21 février 2029 · 0430.695.638

Represented by Stephan Conter

Active

Ended mandates

DEFI Management

Director · since 27 avril 2020 · until 18 février 2026 · 0834.233.454

Represented by Delestrée David

Ended

Stephan Conter

Managing director · since 27 avril 2020 · until 18 février 2026

Ended

EMILE CONTER

Director · since 21 février 2018 · until 21 février 2024

Ended

Emilie Conter

Director · since 21 janvier 2018 · until 21 février 2024

Ended

At this address

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STEPHEX HOLDING● Active	0899.130.117
STEPHEX SERVICE● Active	0549.984.456
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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/03/2026	28/02/2025	23/02/2024	28/02/2023	21/02/2022	27/08/2021
General meeting	18/02/2026	19/02/2025	21/02/2024	22/02/2023	16/02/2022	30/07/2021
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
Full model	30/09/2025	18/02/2026	09/03/2026	Dutch	PDF
Full model	30/09/2024	19/02/2025	28/02/2025	Dutch	PDF
Full model	30/09/2023	21/02/2024	23/02/2024	Dutch	PDF
Full model	30/09/2022	22/02/2023	28/02/2023	Dutch	PDF
Full model	30/09/2021	16/02/2022	21/02/2022	Dutch	PDF
Full model	30/09/2020	30/07/2021	27/08/2021	Dutch	PDF
Full model	30/09/2019	27/04/2020	13/05/2020	Dutch	PDF
Full model	30/09/2018	20/02/2019	02/04/2019	Dutch	PDF
Full model	30/09/2017	21/02/2018	29/03/2018	Dutch	PDF
Full model	30/09/2016	08/03/2017	28/03/2017	Dutch	PDF
Full model	30/09/2015	17/02/2016	04/04/2016	Dutch	PDF
Full model	30/09/2014	18/02/2015	18/03/2015	Dutch	PDF
Full model	30/09/2013	19/02/2014	30/04/2014	Dutch	PDF
Full model	30/09/2012	20/02/2013	30/04/2013	Dutch	PDF
Full model	30/09/2011	15/02/2012	30/03/2012	Dutch	PDF
Full model	30/09/2010	02/03/2011	28/03/2011	Dutch	PDF
Full model	30/09/2009	17/02/2010	19/02/2010	Dutch	PDF
Full model	30/09/2008	18/02/2009	17/03/2009	Dutch	PDF
Full model	30/09/2007	20/02/2008	03/03/2008	Dutch	PDF
Full model	30/09/2006	21/02/2007	20/03/2007	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 30/09/2025 · 1 active · 22 ended

Active mandates

STEPHEX and C°

Director · since 27 septembre 2023 · until 21 février 2029 · 0430.695.638

Represented by Stephan Conter

Active

Ended mandates

DEFI Management

Director · since 27 avril 2020 · until 18 février 2026 · 0834.233.454

Represented by Delestrée David

Ended

Stephan Conter

Managing director · since 27 avril 2020 · until 18 février 2026

Ended

EMILE CONTER

Director · since 21 février 2018 · until 21 février 2024

Ended

Emilie Conter

Director · since 21 janvier 2018 · until 21 février 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/09/2018
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 2025945,1 k €↑
2024
Annual accounts 2024703,2 k €↓
2023
Annual accounts 20233,8 M €↓
22/02/2023
reconductionEmilie Conter — bestuurder
22/02/2023
reconductionStephan Conter — bestuurder
22/02/2023
reconductionZoë Gonter — bestuurder
2022
Annual accounts 20226,5 M €↑
21/09/2022
nominationStephan Conter — gedelegeerd bestuurder
2019
Annual accounts 20193,5 M €↓
2018
Annual accounts 20185 M €↑
2017
Annual accounts 20173,4 M €↑
2016
Annual accounts 20162,9 M €↑
2015
Annual accounts 20152,8 M €↑
2014
Annual accounts 20142,3 M €↑
2013
Annual accounts 20131,8 M €↑
2012
Annual accounts 20121,3 M €↑
2011
Annual accounts 2011990,1 k €↓
2010
Annual accounts 20101,2 M €↑
2009
Annual accounts 2009742,8 k €↑
2008
Annual accounts 2008450,2 k €↓
2007
Annual accounts 2007668,6 k €
28/03/2002
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

STEPHEX STABLES

Overview

What does STEPHEX STABLES do?

Trend over 17 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