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STADSBADER CONTRACTORS

Active
Public limited companyfounded 199432 yrs activeAntoon van Osslaan 1, 1120 Brussel, BelgiumKBO/BCE: BE 0452.702.265
Summary

STADSBADER CONTRACTORS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56.0m and a net result of €14.5m. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
STADSBADER CONTRACTORSActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220General construction of other non-residential buildings NACE 41003NACE 41203
#2 company by equity in the Brussels-Capital Region, Civil engineering sector4 sites
Size
€393.6mturnover 2025
Staff
452.2 FTE
Equity
€56.0m
Profit
€14.5m
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Parent
DESIRE STADSBADER · 100%
Holdings
1
Accounts 70 d early1 of 149 deeds read
Why 86- Liquidity: current ratio 1.30, cash €13.1m, halved- Equity €56.0m (25.0% of total assets)- Sector Civil engineering (NACE 42)+ Size: turnover €393.6m, 452.2 FTE, total assets €224.4mShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 53% of its sector peers (NACE 42, large)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 50+1
equity 25.0% of total assets
Liquidity 19-7
short-term debt 71.6% · cash 5.9%
Profitability 65-16
return on assets 6.5%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (34 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -4.5% vs 01-2025 03-2025: 0.1%▼ -9.3% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▼ -1.0% vs 04-2025lowest value 06-2025: 0.1%▲ +44.8% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -3.6% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%● 0.0% vs 03-2026 05-2026: 0.1%▲ +1.5% vs 04-2026 06-2026: 0.3%▲ +118% vs 05-2026 07-2026: 0.3%● 0.0% vs 06-2026 08-2026: 0.3%▲ +2.7% vs 07-2026highest value 09-2026: 0.3%● 0.0% vs 08-2026highest value 10-2026: 0.3%● 0.0% vs 09-2026highest value
  • Liquidity: current ratio 1.30, cash €13.1m, halved raises the probability
  • Equity €56.0m (25.0% of total assets) raises the probability
  • Sector Civil engineering (NACE 42) raises the probability
  • Size: turnover €393.6m, 452.2 FTE, total assets €224.4m lowers the probability for this profile
Credit up to €4,800,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.27 in 2024; short-term debt: 71.6% and cash: 5.9% of total assets), and 75% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 42, large). Better than this share of them on solvency 36%, liquidity 21%, profitability 76%, growth against the median 78%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 1.30, cash €13.1m, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €56.0m (25.0% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Civil engineering (NACE 42)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: turnover €393.6m, 452.2 FTE, total assets €224.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
70 d early
2024
65 d early
2023
85 d early
2022
83 d early
2021
80 d early
2020
82 d early
2019
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Permanent representatives: Jan Folens, Ivo De…Power of attorney
  3. Highest result since 2018net €14.5m ▲11.8%

Key points

  • Positive: Turnover rose in 2025from €112.4m to €393.6m ▲ 250% View
  • Positive: Among the best 5% on net resultsector median €227,035 · 358 companies €14.5m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by DESIRE STADSBADERknown shareholders 100% 100% View
  • Positive: 6 profitable years in a rowprofit 2025: €14.5m 6 years View
  • Flemish supportawarded 2023 - 2025 €142,370 View

By topic

Financials

Fiscal year
2025
Turnover
€393.6m
Profit
€14.5m
Solvency
25.0%
Turnover▲ 250%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 22-05-2026Annual accounts filed
  2. 08-04-2026Permanent representatives: Jan Folens, Ivo De Ridder…
  3. 31-12-2025Highest result since 2018
Go to Timeline

Company details

Sites
4
Legal form
Public limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
19-05-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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