Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
EXCLUSIVE STABLES from Balen, company number BE0749634113, closed financial year 2026 with a result of € -2.7 million after tax. For that financial year EXCLUSIVE STABLES recorded a gross margin of € -1.8 million and equity of € -3.7 million. Compared with financial year 2025, the result moved from € -838,485 to € -2.7 million. 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 October 9, 2026.
€ -3.7 million
▼ € 2.7 million vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.7 million
▼ 228 % more loss than in 2025
Profit after tax over the fiscal year.
€ 174,227
▲ 120% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.8 million.
People and assets in 2026
5
▲ 2.3 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 291,090
▲ 69% vs 2025
€ 58,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 125,508
▲ € 98,725 vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 1.7 million
Loans from banks and other lenders, long and short.
€ 12,442
▼ 98% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 46,919
▼ 7% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 125,670 | € -108,599 | € -397,996 | € -1,792,694 | ▼ € 1.4 million |
| Profit after taxes | € 49,569 | € -418,759 | € -838,485 | € -2,749,102 | ▼ € 1.9 million |
| Equity | € 287,199 | € -131,560 | € -970,045 | € -3,719,147 | ▼ € 2.7 million |
| Total debts | € 1,716,797 | € 2,976,516 | € 4,883,622 | € 10,336,597 | ▲ 112% |
| Cash | € 308,289 | € 25,398 | € 79,297 | € 174,227 | ▲ 120% |
| Land & buildings | - | € 4,681 | € 156,086 | € 0 | ▼ 100% |
| Retained profit | € 237,199 | € -181,560 | € -1,020,045 | € -3,769,147 | ▼ € 2.7 million |
| Bank debt | € 0 | € 0 | € 0 | € 1,702,000 | |
| Balance sheet total | € 2,003,996 | € 2,844,956 | € 3,913,577 | € 6,617,450 | ▲ 69% |
| Employees (FTE) | - | 2.1 | 2.7 | 5 | ▲ 2.3 |
Key figures of EXCLUSIVE STABLES, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 December 2027.
What happened to EXCLUSIVE STABLES?
What happened at EXCLUSIVE STABLES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 2.7 million. Source: NBB ↗
- Paulien Schepers became a director. NBB
- New establishment in Balen. KBO
- Bart Flemings became a director. NBB
- Marleen Flemings became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 49,569 profit in 2023 to € 2.7 million loss in 2026.
Paid € 10,366 in corporate taxes since 2023.
Best year ever: 2023, with € 49,569 profit.
Management
Behind EXCLUSIVE STABLES are Paulien Schepers, Bart Flemings and Marleen Flemings. It owns 99% of STUBBS BELGIUM itself.
Directors
According to the 2026 annual accounts
Paulien Schepers
Director
since 2021
since 2020
Marleen Flemings
Director
Also active at: DAILY CATERING SERVICES, DELIVA, UMAMI CATERING, MAPA CONSULTING, CLEAN MINDS, DELIVA IMMO, Umami Holding, Pauma
since 2020
Establishments
Establishment units
Physical locations of this company
Wolfsdonken 26
2490 Balen
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
- 0749.634.113
- VAT number
- BE 0749.634.113
- Registered office
- Wolfsdonken 26, 2490 Balen
- Names & denominations
- EXCLUSIVE STABLES · EXSS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 2020
- Peppol
- Active · Active since 14 Aug 2026
- Activities · NACE
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