ACTIVE

STALUSA

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Financial year 2025 · Closed on 31/12/2025

Net result3,2 M €-92,4 %over 1 year
Gross margin-590,9 k €-101,5 %over 1 year
Equity190,5 M €+1,7 %over 1 year
Workforce1,9 ETP-17,4 %over 1 year

Identity

Source · BCE/KBO

STALUSA is a Private limited company incorporated in 2002. Its main activity is: Activities of holding companies. Its registered office is in Ixelles. It employs on average 1,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0477.445.282
Incorporation
30/04/2002
Legal form
Private limited company
Registered office
Avenue Louise 292
1050 Ixelles · BruxellesSee on map
Contributed capital
128 905 900,00 €
Latest accounts
31/12/2025
Average workforce
1,9 ETP
Joint committees (1)
  • 100
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252025202420232022
Income statement
Gross margin-590,9 k €39,7 M €21,9 k €-171,8 k €289 k €
EBITDA-751,5 k €39,5 M €-134,9 k €-563,3 k €137,9 k €
Operating result-1,1 M €39 M €-617,2 k €-1,2 M €-447,1 k €
Net result3,2 M €41,7 M €1,9 M €-3,6 M €1,3 M €
Balance sheet
Equity190,5 M €187,3 M €173,9 M €172,1 M €175,7 M €
Total assets218,7 M €245,3 M €216,7 M €219,3 M €220,5 M €
Cash524 k €1,2 M €1 M €1,1 M €883 k €
Debts28,1 M €57,9 M €42,7 M €47,2 M €44,4 M €
Other
Workforce1,9 ETP2,3 ETP1,6 ETP2,0 ETP1,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
JACQUES EMSENS
DirectorManager2019 accountsended
STANISLAS EMSENS
Director

Other companies at this address

Avenue Louise 292 1050 Ixelles
CompanyCBE no.
Afriwise● Active
0679.799.160
ALPHASEED● Bankrupt
0734.906.147
ALPHA THAI BENELUX● Bankrupt
0740.461.970
ALPHA THAI BRUXELLES● Bankrupt
0743.388.105
Eiger TAA SPV● Active
1033.830.354
Institut Europeën d'Electronique EURELEC BENELUX● Active
0403.126.951
JPSeven● Active
0897.003.441
RAHET● Active
0457.376.576
SEVEN HOLDING● Active
0787.246.555
SLS 2● Active
1024.383.247
StalCo● Active
1013.559.631
TECHFUND● Active
0832.460.037

Full financial information

Source · NBB
202520252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year9 months12 months12 months12 months12 months12 months
Filing date31/08/202630/10/202530/10/202430/10/202303/11/202230/09/2021
General meeting26/08/202622/10/202528/10/202427/10/202328/10/202228/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/08/202631/08/2026DutchPDF
Abridged modelCorrection31/03/202522/10/202530/10/2025DutchPDF
Abridged model31/03/202522/10/202524/10/2025DutchPDF
Abridged model31/03/202428/10/202430/10/2024DutchPDF
Abridged model31/03/202327/10/202330/10/2023DutchPDF
Abridged model31/03/202228/10/202203/11/2022DutchPDF
Abridged model31/03/202128/09/202130/09/2021DutchPDF
Abridged model31/03/202014/10/202021/10/2020DutchPDF
Abridged model31/03/201926/09/201926/09/2019DutchPDF
Abridged model31/03/201827/09/201828/09/2018DutchPDF
Abridged model31/03/201701/06/201726/07/2017DutchPDF
Abridged model31/03/201602/06/201612/10/2016DutchPDF
Abridged model31/03/201504/06/201530/11/2015DutchPDF
Abridged model31/03/201405/06/201431/10/2014DutchPDF
Abridged model31/03/201306/08/201305/11/2013DutchPDF
Abridged model31/03/201207/08/201226/11/2012DutchPDF
Abridged model31/03/201102/08/201107/11/2011DutchPDF
Abridged model31/03/201003/08/201029/10/2010DutchPDF
Abridged model31/03/200904/08/200930/10/2009DutchPDF
Abridged model31/03/200805/08/200827/11/2008DutchPDF
Abridged model31/03/200707/08/200727/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
JACQUES EMSENS
DirectorManager2019 accountsended
STANISLAS EMSENS
Director

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/12/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    PDF
  • Other03/04/2025
    DIVERSEN
    PDF
  • Mandates30/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/02/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Registered office04/12/2019
    MAATSCHAPPELIJKE ZETEL
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings19 filings
Mandates
JACQUES EMSENS
STANISLAS EMSENS
2002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
STALUSA
Avenue Louise 292, 1050 Ixelles
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue Louise 292, 1050 IxellesCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00463124

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
STALUSACurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00463124

Events

  1. 23/02/2026
    nominationEMSENS Savina · bestuurder
  2. 2025
    Annual accounts 20253,2 M €↓
  3. 09/12/2025
    nominationEMSENS Ludovic · bestuurder
  4. 2025
    Annual accounts 202541,7 M €↑
  5. 02/12/2024
    nominationJacques EMSENS · administrateur délégué
  6. 02/12/2024
    nominationStanislas EMSENS · administrateur délégué
  7. 18/04/2024
    nominationEMSENS Stanislas Stéphane · bestuurder
  8. 2024
    Annual accounts 20241,9 M €↑
  9. 2023
    Annual accounts 2023-3,6 M €↓
  10. 2022
    Annual accounts 20221,3 M €↓
  11. 2021
    Annual accounts 20217,7 M €↑
  12. 2020
    Annual accounts 2020-1,7 M €↓
  13. 2019
    Annual accounts 20192,5 M €↑
  14. 2018
    Annual accounts 201883,4 k €↓
  15. 2017
    Annual accounts 20171,4 M €↑
  16. 2016
    Annual accounts 20161,3 M €↓
  17. 2014
    Annual accounts 20142,6 M €↑
  18. 2013
    Annual accounts 2013450,1 k €↑
  19. 2012
    Annual accounts 2012-237,4 k €↓
  20. 2011
    Annual accounts 2011684,8 k €↑
  21. 2010
    Annual accounts 2010204 k €↓
  22. 2009
    Annual accounts 2009453,9 k €↑
  23. 2008
    Annual accounts 200843,6 k €↓
  24. 2007
    Annual accounts 200761,6 k €
  25. 30/04/2002
    IncorporationPrivate limited company