Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Hubstef from Sint-Martens-Latem, company number BE0427053584, closed financial year 2025 with a result of € 13.4 million after tax. For that financial year Hubstef recorded a gross margin of € 25,539 and equity of € 143 million. Compared with financial year 2024, the result moved from € 12.4 million to € 13.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 143 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13.4 million
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 241,466
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 6 million paid out
45 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 26.4 million
▼ 14% vs 2024
€ 4.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 1,065
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 18,861 | € 12,220 | € 23,663 | € 25,539 | ▲ 8% |
| Profit after taxes | € 13,822,684 | € 11,995,891 | € 12,386,067 | € 13,412,279 | ▲ 8% |
| Equity | € 122,018,163 | € 129,514,054 | € 135,558,832 | € 142,971,111 | ▲ 5% |
| Total debts | € 41,376,762 | € 39,207,846 | € 35,073,979 | € 26,487,353 | ▼ 24% |
| Cash | € 1,447,468 | € 88,371 | € 1,636,760 | € 241,466 | ▼ 85% |
| Retained profit | € 119,043,440 | € 126,539,331 | € 132,584,110 | € 139,996,388 | ▲ 6% |
| Dividend | € 4,989,000 | € 4,500,000 | € 6,341,289 | € 6,000,000 | ▼ 5% |
| Bank debt | € 39,512,076 | € 35,134,093 | € 30,756,111 | € 26,378,129 | ▼ 14% |
| Balance sheet total | € 163,394,925 | € 168,721,900 | € 170,632,811 | € 169,458,464 | ▼ 1% |
Key figures of Hubstef, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Hubstef?
What happened at Hubstef in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stefan Versele stepped down as director. NBB
- Gwijde Versele stepped down as director. NBB
- Matthias Versele stepped down as director. NBB
- Lode Versele stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 13.4 million (▲ 8% vs 2024). Source: NBB ↗
- Stefan Versele became a director. NBB
- Gwijde Versele became a director. NBB
- Matthias Versele became a director. NBB
In short
From € 13.8 million profit in 2022 to € 13.4 million profit in 2025.
Best year ever: 2022, with € 13.8 million profit.
Paid out € 21.8 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Stefan Versele
Managing director
Also active at: Verlatrans, HELUCA, MOLENS MARIMAN, Duvaco, BOSMOLEN, FINVOL PSI, VERLABREED, R.P.S. +27 more
since 2021 · until 2027
Gwijde Versele
Managing director
Also active at: MOLENS MARIMAN, SOFINDEV IV, Granero Industrio, DIOFA
since 2021 · until 2027
Matthias Versele
Director
since 2021 · until 2027
Lode Versele
Director
Also active at: Verlatrans, HELUCA, R.P.S., VERLINFO, VERLA-SEEDS, Versele-Laga, OROPHARMA, ORLUX +8 more
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Nelemeersstraat 5
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0427.053.584
- VAT number
- BE 0427.053.584
- Registered office
- Nelemeersstraat 5, 9830 Sint-Martens-Latem
- Names & denominations
- Hubstef
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 1984
- Peppol
- Active · Active since 20 Aug 2026
- Activities · NACE
Overige financiële dienstverlening, neg
Activiteiten van holdings
Holdings