Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VASTGOEDPARTNERS STUBBE from Brugge, company number BE0646944171, closed financial year 2025 with a result of € -84 after tax. For that financial year VASTGOEDPARTNERS STUBBE recorded a gross margin of € 109,715 and equity of € -256,664. Compared with financial year 2024, the result moved from € -17,954 to € -84. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ -256,664
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -84
▲ 100 % less loss than in 2024
Profit after tax over the fiscal year.
€ 49,140
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -331,664.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 68,214
▲ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,740
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 178,635
▼ 18% vs 2024
€ 31,888 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 51,912
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,363
▲ 46% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 156,941 | € 70,627 | € 85,374 | € 109,715 | ▲ 29% |
| Profit after taxes | € 21,635 | € -43,969 | € -17,954 | € -84 | ▲ € 17,870 |
| Equity | € -194,657 | € -238,626 | € -256,580 | € -256,664 | |
| Total debts | € 413,029 | € 449,213 | € 405,566 | € 352,084 | ▼ 13% |
| Cash | € 36,478 | € 93,089 | € 96,380 | € 49,140 | ▼ 49% |
| Retained profit | € -269,657 | € -313,626 | € -331,580 | € -331,664 | |
| Bank debt | € 290,242 | € 250,383 | € 218,495 | € 178,635 | ▼ 18% |
| Balance sheet total | € 218,372 | € 210,587 | € 148,987 | € 95,420 | ▼ 36% |
Key figures of VASTGOEDPARTNERS STUBBE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VASTGOEDPARTNERS STUBBE?
What happened at VASTGOEDPARTNERS STUBBE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 84. Source: NBB ↗
- Nicole Persyn became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,635 profit in 2022 to € 84 loss in 2025.
Paid € 443 in corporate taxes since 2022.
Best year ever: 2022, with € 21,635 profit.
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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
Behind VASTGOEDPARTNERS STUBBE is Nicole Persyn.
Directors
According to the 2025 annual accounts
Nicole Persyn
Bestuurder
since 2020
Establishments
Establishment units
Physical locations of this company
Jan van Eyckplein 8
8000 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0646.944.171
- VAT number
- BE 0646.944.171
- Registered office
- Jan van Eyckplein 8, 8000 Brugge
- Names & denominations
- VASTGOEDPARTNERS STUBBE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 2016
- Peppol
- Active · Active since 23 Mar 2026
- Contact
- stubbe.immo
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis