ACTIVE

DR. M. STUBBE

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Financial year 2025 · closed on 31/12/2025

Net result

114,3 k €

-8.4% YoY

Gross margin

187,5 k €

-8.6% YoY

Equity

591,4 k €

+5.2% YoY

What does DR. M. STUBBE do?

DR. M. STUBBE is a Private limited company incorporated in 2012. Its main activity is: Other human health activities. Its registered office is in Sint-Pieters-Leeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0842.501.022

Incorporation

09/01/2012

Legal form

Private limited company

Registered office

Slesbroekstraat 74c
1600 Sint-Pieters-Leeuw · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

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

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2013		2012
Income statement
Gross margin	187,5 k €	-8.6%	205 k €	+32.4%	154,8 k €	+23.2%	125,7 k €	-12.4%	143,4 k €	+27.3%	112,7 k €	-10.4%	125,7 k €	+18.1%	106,5 k €	-40.8%	179,7 k €	+21.2%	148,2 k €	+72.1%	86,1 k €
EBITDA	186,4 k €	-6.9%	200,3 k €	+30.7%	153,2 k €	+23.8%	123,7 k €	-12.7%	141,8 k €	+27.7%	111 k €	-10.8%	124,5 k €	+19.0%	104,6 k €	-41.4%	178,5 k €	+21.4%	147 k €	+72.9%	85 k €
Operating result	158,4 k €	-10.0%	176 k €	+31.0%	134,3 k €	+24.3%	108,1 k €	-14.0%	125,7 k €	+28.7%	97,6 k €	-12.4%	111,5 k €	+20.0%	92,9 k €	-44.7%	168,1 k €	+18.6%	141,8 k €	+78.6%	79,4 k €
Net result	114,3 k €	-8.4%	124,8 k €	+32.7%	94,1 k €	+24.5%	75,5 k €	-16.1%	90 k €	+29.9%	69,3 k €	+0.7%	68,8 k €	+14.6%	60 k €	-38.7%	98 k €	+2.7%	95,4 k €	+75.5%	54,4 k €
Balance sheet
Equity	591,4 k €	+5.2%	562,3 k €	+11.0%	506,8 k €	-27.0%	694,3 k €	+3.8%	668,7 k €	+47.5%	453,3 k €	+18.0%	384 k €	+21.8%	315,2 k €	+23.5%	255,1 k €	+57.3%	162,2 k €	+143%	66,8 k €
Total assets	625,9 k €	+4.2%	600,8 k €	+13.5%	529,4 k €	-26.3%	718,2 k €	-1.2%	727,2 k €	+48.0%	491,5 k €	+13.7%	432,3 k €	+17.9%	366,7 k €	+19.6%	306,6 k €	+44.1%	212,7 k €	+87.4%	113,5 k €
Cash	475,2 k €	+18.8%	400 k €	-18.4%	490,1 k €	-26.6%	668,1 k €	-0.8%	673,3 k €	+51.3%	445,1 k €	+63.9%	271,5 k €	+17.7%	230,7 k €	-10.1%	256,7 k €	+45.3%	176,6 k €	+96.3%	90 k €
Debts	34,5 k €	-10.4%	38,5 k €	+70.1%	22,6 k €	-5.3%	23,9 k €	-59.2%	58,5 k €	+53.0%	38,2 k €	-20.9%	48,3 k €	-6.1%	51,5 k €	+0.1%	51,4 k €	+1.9%	50,5 k €	+8.1%	46,7 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 31/12/2025 · 1 active · 7 ended

Active mandates

Muriel Stubbe

Director · since 04 juillet 2023

Active

Ended mandates

Muriel Viviane Stubbe

Manager · since 18 janvier 2012

Ended

Viviane Stubbe Muriel

Manager · since 18 janvier 2012

Ended

Muriel Stubbe

Director · since 09 janvier 2012

Ended

Muriel Stubbe

Manager · since 09 janvier 2012

Ended

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	01/01/2025	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	24/08/2026	30/06/2025	25/07/2024	31/08/2023	07/07/2022	06/07/2021
General meeting	31/07/2026	25/06/2025	21/06/2024	16/08/2023	14/06/2022	31/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	31/07/2026	24/08/2026	Dutch	PDF
Micro model	31/12/2024	25/06/2025	30/06/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	25/07/2024	Dutch	PDF
Micro model	31/12/2022	16/08/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	14/06/2022	07/07/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	06/07/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	17/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	27/08/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	26/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/09/2016	05/10/2016	Dutch	PDF
Abridged model	31/12/2014	11/08/2015	20/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/08/2013	30/08/2013	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 31/12/2025 · 1 active · 7 ended

Active mandates

Muriel Stubbe

Director · since 04 juillet 2023

Active

Ended mandates

Muriel Viviane Stubbe

Manager · since 18 janvier 2012

Ended

Viviane Stubbe Muriel

Manager · since 18 janvier 2012

Ended

Muriel Stubbe

Director · since 09 janvier 2012

Ended

Muriel Stubbe

Manager · since 09 janvier 2012

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/07/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/07/2016
MAATSCHAPPELIJKE ZETEL
PDF
Registered office02/01/2014
Verplaatsing maatschappelijke zetel
PDF
Other18/01/2012
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025114,3 k €↓
2024
Annual accounts 2024124,8 k €↑
2023
Annual accounts 202394,1 k €↑
2023
Name changeDR. M. Stubbe
2022
Annual accounts 202275,5 k €↓
2021
Annual accounts 202190 k €↑
2018
Annual accounts 201869,3 k €↑
2017
Annual accounts 201768,8 k €↑
2016
Annual accounts 201660 k €↓
2015
Annual accounts 201598 k €↑
2013
Annual accounts 201395,4 k €↑
2012
Annual accounts 201254,4 k €
09/01/2012
IncorporationPrivate limited company
2012
Name changeDr. M. Stubbe - Reumatologie

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. M. STUBBE

Overview

What does DR. M. STUBBE do?

Trend over 11 financial years

Indicative valuation

Board of directors

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