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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 29% of 304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability65▼-16
Solvency50▲+1
Growth64▲+21
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 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.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
25%
Return on assets
6.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
01-10-2026 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

History

STADSBADER CONTRACTORS was incorporated on 19 May 1994.1 Revenue grew from EUR 164 million in 2018 to EUR 394 million in 2025 and headcount from 603 to 452 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€393.6m▲ 250%
2024 · €112.4m
EBIT margin
4.8%▼ 9.8pp
2024 · 14.6%
Net result
€14.5m▲ 11.8%
2024 · €12.9m
Working capital
€48.3m▲ 9.6%
2024 · €44.1m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€245.8m▼ 6.7%€138.4m▼ 43.7%€167.2m▲ 20.8%€112.4m▼ 32.8%€393.6m▲ 250%
Operating result€4.6m€9.7m▲ 113%€12.8m▲ 32.0%€16.4m▲ 27.8%€18.8m▲ 14.4%
Net result€4.5mabove the sector's middle half▲ 3,080%€8.3mabove the sector's middle half▲ 83.9%€11.6mabove the sector's middle half▲ 40.1%€12.9mabove the sector's middle half▲ 11.4%€14.5mabove the sector's middle half▲ 11.8%
EBIT margin1.9%▲ 2.0pp7.0%▲ 5.2pp7.7%▲ 0.7pp14.6%▲ 6.9pp4.8%▼ 9.8pp
Equity€39.3mabove the sector's middle half▲ 13.0%€47.6mabove the sector's middle half▲ 21.1%€49.6mabove the sector's middle half▲ 4.1%€53.5mabove the sector's middle half▲ 8.0%€56.0mabove the sector's middle half▲ 4.6%
Total assets€166.6mabove the sector's middle half▼ 16.1%€165.2mabove the sector's middle half▼ 0.8%€206.7mabove the sector's middle half▲ 25.2%€223.2mabove the sector's middle half▲ 8.0%€224.4mabove the sector's middle half▲ 0.5%
Debt€126.7m▼ 22.2%€117.2m▼ 7.5%€156.8m▲ 33.8%€169.3m▲ 8.0%€168.0m▼ 0.8%
Working capital€34.0mabove the sector's middle half▼ 0.6%€39.4mabove the sector's middle half▲ 15.8%€42.2mabove the sector's middle half▲ 7.1%€44.1mabove the sector's middle half▲ 4.6%€48.3mabove the sector's middle half▲ 9.6%
Solvency23.6%within the sector's middle half▲ 6.1pp28.8%within the sector's middle half▲ 5.2pp24.0%within the sector's middle half▼ 4.8pp24.0%within the sector's middle half=25.0%within the sector's middle half▲ 1.0pp
Current ratio1.27within the sector's middle half▲ 0.051.34within the sector's middle half▲ 0.071.28within the sector's middle half▼ 0.061.27within the sector's middle half▼ 0.011.30within the sector's middle half▲ 0.03
Return on assets (ROA)2.7%within the sector's middle half▲ 2.6pp5.0%within the sector's middle half▲ 2.3pp5.6%within the sector's middle half▲ 0.6pp5.8%within the sector's middle half▲ 0.2pp6.5%within the sector's middle half▲ 0.7pp
Staff (FTE)430above the sector's middle half▼ 19.1%434.5above the sector's middle half▲ 1.0%426.9above the sector's middle half▼ 1.7%453.9above the sector's middle half▲ 6.3%452.2above the sector's middle half▼ 0.4%
above within below the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€5.0m€10.0m€15.0m€20.0mOperating result 2021: €4.6m€4.6mNet result 2021: €4.5m€4.5mOperating result 2022: €9.7m€9.7mNet result 2022: €8.3m€8.3mOperating result 2023: €12.8m€12.8mNet result 2023: €11.6m€11.6mOperating result 2024: €16.4m€16.4mNet result 2024: €12.9m€12.9mOperating result 2025: €18.8m€18.8mNet result 2025: €14.5m€14.5m20212022202320242025€0€5m€10m€15m€20mOperating result 2023: €12.8m€13mNet result 2023: €11.6m€12mOperating result 2024: €16.4m€16mNet result 2024: €12.9m€13mOperating result 2025: €18.8m€19mNet result 2025: €14.5m€14m202320242025
The operating result has risen four years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224.4m
Fixed assets €15.4m ▼ 1.4%
Current assets €209.0m ▲ 0.7%
Equity and liabilities €224.4m
Equity €56.0m ▲ 4.6%
Provisions €341,821 =
Debt €168.0m ▼ 0.8%
Debt's share of the balance-sheet total falls from 75.9% to 74.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€22.3m▲
2024 · €19.9m
Cash flow
€17.9m▲
2024 · €16.4m
Quick ratio
1.20▲
2024 · 1.12
Debt to equity
3.00▼
2024 · 3.16
ROE
25.8%▲
2024 · 24.2%
Interest coverage
50.22▲
2024 · 33.25
Debt ≤ 1 year
€160.7m▼
2024 · €163.5m
Income taxes
€5.5m▲
2024 · €4.9m
Staff costs
€39.7m▲
2024 · €37.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 101 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 97% are still going.

  • Large
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
2.0% went bankrupt
1.0% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 101 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 92 lines
Balance sheet Code20242025
Assets
Total assets20/58€223.2m€224.4m▲
Fixed assets21/28€15.6m€15.4m▼
Intangible fixed assets21€1.5m€248,637▼
Tangible fixed assets22/27€12.6m€13.7m▲
Land and buildings22€1.7m€1.5m▼
Plant, machinery and equipment23€6.6m€6.4m▼
Furniture and vehicles24€3.1m€4.6m▲
Leasing and similar rights25€0-
Other tangible fixed assets26€1.2m€1.0m▼
Assets under construction and advance payments27€0€265,723▲
Financial fixed assets28€1.4m€1.5m▲
Affiliated companies280/1€1.4m€1.4m=
Participating interests280€1.4m€1.4m=
Other financial fixed assets284/8€14,202€19,202▲
Shares284€5,128€5,128=
Amounts receivable and cash guarantees285/8€9,074€14,074▲
Current assets29/58€207.6m€209.0m▲
Stocks and contracts in progress3€23.9m€16.8m▼
Stocks30/36-€0
Raw materials and consumables30/31-€0
Contracts in progress37€23.9m€16.8m▼
Amounts receivable within one year40/41€96.2m€77.1m▼
Trade receivables40€83.6m€70.4m▼
Other amounts receivable41€12.6m€6.7m▼
Current investments50/53€58.4m€101.1m▲
Other investments51/53€58.4m€101.1m▲
Cash at bank and in hand54/58€28.3m€13.1m▼
Deferred charges and accrued income490/1€761,043€865,960▲
Equity and liabilities
Total equity and liabilities10/49€223.2m€224.4m▲
Equity10/15€53.5m€56.0m▲
Contributions10/11€43.4m€43.4m=
Capital10€43.4m€43.4m=
Issued capital100€43.4m€43.4m=
Reserves13€6.9m€7.6m▲
Non-distributable reserves130/1€6.2m€6.9m▲
Legal reserve130€2.9m€3.6m▲
Other1319€3.3m€3.3m=
Tax-exempt reserves132€681,303€681,303=
Distributable reserves133€16,622€16,622=
Profit (loss) carried forward14€3.3m€5.1m▲
Provisions and deferred taxes16€341,821€341,821=
Provisions for liabilities and charges160/5€341,821€341,821=
Other liabilities and charges164/5€341,821€341,821=
Amounts payable17/49€169.3m€168.0m▼
Amounts payable after more than one year17€7,500-
Other amounts payable178/9€7,500-
Amounts payable within one year42/48€163.5m€160.7m▼
Trade debts44€120.1m€120.5m▲
Suppliers440/4€120.1m€120.5m▲
Advances received on contracts in progress46€24.0m€17.0m▼
Taxes, remuneration and social security45€10.1m€11.5m▲
Taxes450/3€2.6m€3.7m▲
Remuneration and social security454/9€7.5m€7.8m▲
Other amounts payable47/48€9.2m€11.6m▲
Accrued charges and deferred income492/3€5.8m€7.4m▲
Income statement Code20242025
Operating income70/76A€272.0m€288.1m▲
Turnover70€112.4m€393.6m▲
Change in stocks of work in progress, finished goods and contracts in progress71€149.5m-€134.0m▼
Other operating income74€9.9m€28.5m▲
Non-recurring operating income76A€174,390€38,939▼
Operating charges60/66A€255.6m€269.4m▲
Goods for resale, raw materials and consumables60€160.2m€182.6m▲
Purchases600/8€159.8m€182.6m▲
Change in stocks: decrease (increase)609€380,422-
Services and other goods61€54.7m€49.2m▼
Remuneration, social security and pensions62€37.6m€39.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.5m€3.5m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€933,423-€7.1m▼
Other operating charges640/8€574,343€612,845▲
Non-recurring operating charges66A€54,266€843,795▲
Operating profit (loss)9901€16.4m€18.8m▲
Financial income75/76B€2.5m€1.8m▼
Recurring financial income75€2.5m€1.8m▼
Income from current assets751€2.0m€1.5m▼
Other financial income752/9€462,823€315,386▼
Financial charges65/66B€1.0m€671,382▼
Recurring financial charges65€1.0m€671,382▼
Debt charges650€598,477€443,125▼
Other financial charges652/9€417,858€228,257▼
Profit (loss) for the period before taxes9903€17.9m€19.9m▲
Income taxes67/77€4.9m€5.5m▲
Taxes670/3€4.9m€5.5m▲
Tax adjustments and reversals of tax provisions77€2,038€0▼
Profit (loss) for the period9904€12.9m€14.5m▲
Profit (loss) for the period to be appropriated9905€12.9m€14.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€12.9m€17.8m▲
Profit (loss) brought forward from the previous period14P-€3.3m
Transfer to equity691/2€647,337€723,807▲
To the legal reserve6920€647,337€723,807▲
Profit to be distributed694/7€9.0m€12.0m▲
Return on contributions (dividend)694€9.0m€12.0m▲
Social balance
Average headcount (FTE)9087453.9452.2▼

The notes to these accounts (81 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€212.0m€194.6m€236.6m€272.0m€288.1m▲ 5.9%
Turnover70€245.8m€138.4m€167.2m€112.4m€393.6m▲ 250%
Change in stocks of work in progress, finished goods and contracts in progress71-€65.5m€48.0m€53.7m€149.5m-€134.0m▼ 190%
Own construction capitalised72--€1,440---
Other operating income74€31.8m€7.8m€15.6m€9.9m€28.5m▲ 188%
Non-recurring operating income76A-€450,237€68,818€174,390€38,939▼ 77.7%
Operating charges60/66A€207.4m€184.9m€223.8m€255.6m€269.4m▲ 5.4%
Goods for resale, raw materials and consumables60€144.3m€116.7m€148.1m€160.2m€182.6m▲ 14.0%
Purchases600/8€144.3m€116.7m€148.3m€159.8m€182.6m▲ 14.3%
Change in stocks: decrease (increase)609--€73,893-€253,055€380,422--
Services and other goods61€29.9m€26.8m€37.7m€54.7m€49.2m▼ 9.9%
Remuneration, social security and pensions62€29.7m€31.0m€34.5m€37.6m€39.7m▲ 5.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€790,024€2.4m€2.5m€3.5m€3.5m▼ 0.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€275,969€7.5m€320,052-€933,423-€7.1m▼ 660%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€208,000-€192,000€0---
Other operating charges640/8€2.6m€496,175€496,088€574,343€612,845▲ 6.7%
Non-recurring operating charges66A-€295,122€101,110€54,266€843,795▲ 1,455%
Operating profit (loss)9901€4.6m€9.7m€12.8m€16.4m€18.8m▲ 14.4%
Financial income75/76B€1.1m€328,102€1.7m€2.5m€1.8m▼ 25.2%
Recurring financial income75€274,535€270,468€1.7m€2.5m€1.8m▼ 25.2%
Income from financial fixed assets750€1,887-----
Income from current assets751€201,773€44,178€1.7m€2.0m€1.5m▼ 23.7%
Other financial income752/9€70,876€226,290€30,976€462,823€315,386▼ 31.9%
Non-recurring financial income76B€780,145€57,634€0---
Financial charges65/66B€582,178€593,121€735,759€1.0m€671,382▼ 33.9%
Recurring financial charges65€521,667€593,090€735,759€1.0m€671,382▼ 33.9%
Debt charges650€99,725€162,324€437,036€598,477€443,125▼ 26.0%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€24----
Other financial charges652/9€421,942€430,742€298,722€417,858€228,257▼ 45.4%
Non-recurring financial charges66B€60,511€31€0---
Profit (loss) for the period before taxes9903€5.0m€9.5m€13.8m€17.9m€19.9m▲ 11.7%
Income taxes67/77€526,839€1.2m€2.2m€4.9m€5.5m▲ 11.4%
Taxes670/3€526,839€1.2m€2.3m€4.9m€5.5m▲ 11.3%
Tax adjustments and reversals of tax provisions77--€62,625€2,038€0▼ 100.0%
Profit (loss) for the period9904€4.5m€8.3m€11.6m€12.9m€14.5m▲ 11.8%
Profit (loss) for the period to be appropriated9905€4.5m€8.3m€11.6m€12.9m€14.5m▲ 11.8%
Line20212022202320242025Change
Assets
Total assets20/58€166.6m€165.2m€206.7m€223.2m€224.4m▲ 0.5%
Fixed assets21/28€6.8m€9.5m€13.4m€15.6m€15.4m▼ 1.4%
Intangible fixed assets21€2.2m€2.6m€2.1m€1.5m€248,637▼ 83.9%
Tangible fixed assets22/27€3.7m€6.3m€9.8m€12.6m€13.7m▲ 8.6%
Land and buildings22€2.4m€2.1m€1.9m€1.7m€1.5m▼ 14.0%
Plant, machinery and equipment23€959,830€3.4m€5.4m€6.6m€6.4m▼ 3.6%
Furniture and vehicles24€320,362€851,017€2.3m€3.1m€4.6m▲ 45.4%
Leasing and similar rights25--€0€0--
Other tangible fixed assets26€8,862€17,312€51,658€1.2m€1.0m▼ 11.2%
Assets under construction and advance payments27-€8,025€17,922€0€265,723-
Financial fixed assets28€915,652€563,480€1.6m€1.4m€1.5m▲ 0.3%
Affiliated companies280/1€750,357€398,733€1.4m€1.4m€1.4m=
Participating interests280€750,357€398,733€1.4m€1.4m€1.4m=
Other financial fixed assets284/8€165,295€164,747€155,881€14,202€19,202▲ 35.2%
Shares284€5,159€5,128€149,028€5,128€5,128=
Amounts receivable and cash guarantees285/8€160,136€159,619€6,853€9,074€14,074▲ 55.1%
Current assets29/58€159.8m€155.7m€193.3m€207.6m€209.0m▲ 0.7%
Stocks and contracts in progress3€5.0m€852,759€10.2m€23.9m€16.8m▼ 29.7%
Stocks30/36€53,475€127,368€380,422-€0-
Raw materials and consumables30/31€53,475€127,368€380,422-€0-
Contracts in progress37€5.0m€725,391€9.8m€23.9m€16.8m▼ 29.7%
Amounts receivable within one year40/41€66.1m€82.8m€94.6m€96.2m€77.1m▼ 19.9%
Trade receivables40€61.5m€78.8m€91.5m€83.6m€70.4m▼ 15.8%
Other amounts receivable41€4.6m€4.0m€3.1m€12.6m€6.7m▼ 47.2%
Current investments50/53--€43.5m€58.4m€101.1m▲ 73.1%
Other investments51/53--€43.5m€58.4m€101.1m▲ 73.1%
Cash at bank and in hand54/58€88.5m€71.2m€43.6m€28.3m€13.1m▼ 53.5%
Deferred charges and accrued income490/1€254,369€828,950€1.5m€761,043€865,960▲ 13.8%
Equity and liabilities
Total equity and liabilities10/49€166.6m€165.2m€206.7m€223.2m€224.4m▲ 0.5%
Equity10/15€39.3m€47.6m€49.6m€53.5m€56.0m▲ 4.6%
Contributions10/11€43.4m€43.4m€43.4m€43.4m€43.4m=
Capital10---€43.4m€43.4m=
Issued capital100---€43.4m€43.4m=
Reserves13€6.2m€6.2m€6.2m€6.9m€7.6m▲ 10.5%
Non-distributable reserves130/1€5.5m€5.5m€5.5m€6.2m€6.9m▲ 11.7%
Legal reserve130---€2.9m€3.6m▲ 24.9%
Reserves not available under the articles1311€2.3m€2.3m€2.3m---
Other1319€3.3m€3.3m€3.3m€3.3m€3.3m=
Tax-exempt reserves132€681,303€681,303€681,303€681,303€681,303=
Distributable reserves133€16,622€16,622€16,622€16,622€16,622=
Profit (loss) carried forward14-€10.3m-€2.0m€0€3.3m€5.1m▲ 53.1%
Provisions and deferred taxes16€543,821€341,821€341,821€341,821€341,821=
Provisions for liabilities and charges160/5€543,821€341,821€341,821€341,821€341,821=
Pensions and similar obligations160€192,000-----
Other liabilities and charges164/5€351,821€341,821€341,821€341,821€341,821=
Amounts payable17/49€126.7m€117.2m€156.8m€169.3m€168.0m▼ 0.8%
Amounts payable after more than one year17--€7,500€7,500--
Other amounts payable178/9--€7,500€7,500--
Amounts payable within one year42/48€125.8m€116.3m€151.1m€163.5m€160.7m▼ 1.7%
Trade debts44€95.0m€93.4m€106.7m€120.1m€120.5m▲ 0.3%
Suppliers440/4€95.0m€93.4m€106.7m€120.1m€120.5m▲ 0.3%
Advances received on contracts in progress46€18.3m€13.6m€25.4m€24.0m€17.0m▼ 29.5%
Taxes, remuneration and social security45€7.8m€9.2m€8.6m€10.1m€11.5m▲ 14.0%
Taxes450/3€2.2m€2.8m€1.8m€2.6m€3.7m▲ 43.0%
Remuneration and social security454/9€5.6m€6.4m€6.9m€7.5m€7.8m▲ 3.9%
Other amounts payable47/48€4.7m€48,161€10.3m€9.2m€11.6m▲ 26.4%
Accrued charges and deferred income492/3€883,966€947,091€5.7m€5.8m€7.4m▲ 26.3%
Line20212022202320242025Change
Profit (loss) for the period9904€4.5m€8.3m€11.6m€12.9m€14.5m▲ 11.8%
+ Depreciation and write-downs630€790,024€2.4m€2.5m€3.5m€3.5m▼ 0.1%
Operating cash flow (approximation)€5.3m€10.7m€14.2m€16.4m€17.9m▲ 9.3%
Investment in fixed assets (approximation)--€5.1m-€6.4m-€5.7m-€3.3m▲ 42.4%
Change in cash--€17.3m-€27.6m-€15.3m-€15.1m▲ 1.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2018net €14.5m ▲11.8%
Operating result €18.8m, net result €14.5m, both a record.
27-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Equity above €50mEq €53.5m ▲8%
5 profitable years in a row build equity to €53.5m.
07-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
09-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
12-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
10-05
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Back to profitnet €141,881
Net result €141,881 after 2 loss-making years.
07-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
25-05
State Gazette act General meeting · Legal-form conversion
Director resignation · Permanent representative
25-05
State Gazette act General meeting · Legal-form conversion
Director resignation · Unavailable equity
Show earlier events
21-04
State Gazette act General meeting · Legal-form conversion
Corporate purpose · Capital · Isabelle Raes
2019
31-12
Financial Weakest financial yearnet -€16.8m
Net result drops to -€16.8m, the lowest in the series; recovery starts the following year.
11-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
18-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
17-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2010
15-02
State Gazette act General meeting · Capital increase
Capital · Statutes amendment · Frank DEPUYT
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 149 acts read
About the unread acts

We know of 149 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 149 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 4 establishment units since 2001
seat establishment All 4 establishment units on the map
Ground area
8.5 ha
Building footprint
2.2 ha
Volume, LiDAR
197,867 m³
4 parcels, Brussels, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
65 companies at this address See who is registered here
4 establishment units
Maatschappelijke zetel
Antoon van Osslaan 1, 1120 BrusselNACE 4512001
since 20012.142.993.086
Zetel West
Begoniastraat 30, 9810 Nazareth-De PinteNACE 1120002
since 20062.154.977.635
Zetel Oost
Lichtenberglaan 2095, 3800 Sint-TruidenMining support service activities
since 20152.243.185.178
Europark 2027, 3530 Houthalen-Helchteren
Repair and maintenance of fabricated metal products
since 20232.341.582.275
4 parcels
Flanders 3 (75%) Brussels 1 (25%)
Parcel (capakey) Region Area Buildings Height / fl.
72015D0770/00M000 Flanders 5.8 ha 1 · 1.9 ha 14.7 m · 3 fl.
71353E1318/00A000 Flanders 1.2 ha 1 · 1,100 m² 0.6 m
21819A0099/00M012 Brussels 1.2 ha 1 · 94 m² 0.9 m
44018A0146/00N000 Flanders 3,703 m² 1 · 2,129 m² 11.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group DESIRE STADSBADER 20 companies Group, risk and exposure

Owners and holdings

2 owners · 1 holding

Chain of control

  1. DESIRE STADSBADER 100%
  2. STADSBADER CONTRACTORS

Highest known parent: DESIRE STADSBADER. The sources do not say who stands above it.

Owners 2

Holdings 1

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

According to the 2025 annual accounts of STADSBADER CONTRACTORS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Subsidies and aid

Flemish government

2023 to 2025 · 6 entries · 142,370 EUR awarded · 117,370 EUR paid
Year Entries awardedpaid
2025 3 125,065 EUR100,065 EUR
2024 1 3,930 EUR3,930 EUR
2023 2 13,375 EUR13,375 EUR
Schemes
1 entry · 74,724 EUR · 74,724 EUR paid · Agentschap Wegen en Verkeer
1 entry · 50,000 EUR · 25,000 EUR paid · Fonds voor Innoveren en Ondernemen
3 entries · 16,146 EUR · 16,146 EUR paid · Departement Werk en Sociale Economie
1 entry · 1,500 EUR · 1,500 EUR paid · Departement Mobiliteit en Openbare Werken

Federal government

2024 to 2025 · 4 entries · 2,693,160 EUR in total
Year Department Transactions Amount
2025 FOD Mobiliteit 1 891,036 EUR
2025 FOD Beleid & Ondersteuning 2 46,900 EUR
2024 FOD Mobiliteit 1 1,755,224 EUR

Recognitions · licences · registrations

Recognised contractor

43 categories
STADSBADER CONTRACTORS BV20912
category A, class 5 · category B, class 8 · category B1, class 8 · category C, class 8 · category C1, class 8 · category C2, class 6 · category C3, class 8 · category C5, class 8 · category C6, class 5 · category C7, class 3 · category D, class 8 · category D1, class 8 · category D11, class 2 · category D13, class 6 · category D20, class 6 · category D23, class 5 · category D24, class 2 · category D29, class 4 · category D7, class 2 · category E, class 8 · category E1, class 8 · category E2, class 8 · category E4, class 8 · category F, class 8 · category F1, class 6 · category F2, class 8 · category F3, class 6 · category G, class 8 · category G1, class 4 · category G2, class 8 · category G3, class 5 · category G5, class 8 · category H, class 8 · category H2, class 7 · category K1, class 6 · category K2, class 4 · category L1, class 4 · category N1, class 6 · category P1, class 8 · category P2, class 8 · category P3, class 6 · category S1, class 6 · category S4, class 2
decision 10-07-2023

Legal Entity Identifier

52990051010XMRRACF53
live in the LEI register

Similar companies · same sector, comparable size

Of 1,823 companies in this sector we hold annual accounts for 960. 38 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded19-05-1994
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
42220Construction of utility projects for electricity and telecommunications
42911Civil engineering
E-invoicing
Reachable via Peppol
Peppol ID 0208:0452702265
Also 9925:BE0452702265
Registered 26-02-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.