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 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GS Stables from Nivelles, company number BE0846444566, closed financial year 2025 with a result of € -19,470 after tax. For that financial year GS Stables recorded a gross margin of € 35,319 and equity of € 403,749. Compared with financial year 2024, the result moved from € 24,218 to € -19,470. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 403,749
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19,470
▼ still € 24,218 profit in 2024
Profit after tax over the fiscal year.
€ 1,335
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 391,349.
People and assets in 2025
€ 32,851
▼ 51% 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.
Debts at end 2025
€ 45,000
▲ 200% vs 2024
Loans from banks and other lenders, long and short.
€ 58,198
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,331
▼ 65% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 201,566 | € 66,038 | € 110,419 | € 35,319 | ▼ 68% |
| Profit after taxes | € 77,378 | € -21,848 | € 24,218 | € -19,470 | ▼ € 43,687 |
| Equity | € 473,247 | € 451,399 | € 475,616 | € 403,749 | ▼ 15% |
| Total debts | € 169,694 | € 181,093 | € 222,613 | € 245,472 | ▲ 10% |
| Cash | € 8,943 | € 4,539 | - | € 1,335 | |
| Retained profit | € 460,847 | € 438,999 | € 463,216 | € 391,349 | ▼ 16% |
| Dividend | € 0 | € 0 | € 0 | € 52,398 | |
| Bank debt | € 28,052 | € 20,000 | € 15,000 | € 45,000 | ▲ 200% |
| Balance sheet total | € 642,941 | € 632,492 | € 698,229 | € 649,221 | ▼ 7% |
Key figures of GS Stables, 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 GS Stables?
What happened at GS Stables in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 19,470 (▼ € 43,687 vs 2024). Source: NBB ↗
- New establishment in Nivelles. KBO
- GAETAN STALPAERT became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 77,378 profit in 2022 to € 19,470 loss in 2025.
Paid € 46,401 in corporate taxes since 2022.
Best year ever: 2022, with € 77,378 profit.
Paid out € 52,398 in dividends to the owners in total.
A new publication or filing at GS Stables? We notify you, reason included.
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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 GS Stables are LARA HARUS and GAETAN STALPAERT. It owns 51% of EQUISTAL itself.
Directors
According to the 2025 annual accounts
LARA HARUS
Director
since 2012
Establishments
Establishment units
Physical locations of this company
Rue du Centre 59 box B
1404 Nivelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0846.444.566
- VAT number
- BE 0846.444.566
- Registered office
- Rue du Centre 59 bus B, 1404 Nivelles
- Names & denominations
- GS Stables
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2012
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
Fokken en houden van paarden en andere paardachtigen
Activiteiten van paardensportclubs
Detailhandel in huisdieren, voer voor huisdieren en benodigdheden daarvoor
Groothandel in levende dieren, muv levend vee
Activiteiten van sportbonden en -federaties
Exploitatie van sportaccommodaties
Detailhandel in vaste, vloeibare en gasvormige brandstoffen, muv motorbrandstoffen
Detailhandel in overige sportartikelen
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