ACTIVE

STADSBADER

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Financial year 2025 · Closed on 31/12/2025

Net result27,9 M €+3,8 %over 1 year
Revenue528,9 M €+0,4 %over 1 year
Equity135,3 M €+6,6 %over 1 year
Workforce752,1 ETP-0,1 %over 1 year

Identity

Source · BCE/KBO

STADSBADER is a Public limited company incorporated in 1971. Its registered office is in Harelbeke. It employs on average 752,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0407.975.466
Incorporation
01/01/1971
Legal form
Public limited company
Registered office
Kanaalstraat 1
8530 Harelbeke · FlandreSee on map
Contributed capital
2 000 000,00 €
Latest accounts
31/12/2025
Average workforce
752,1 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 32 filings

Trend over 20 financial years

20252024202320222022
Income statement
Revenue528,9 M €526,6 M €451,2 M €219,5 M €398,4 M €
EBITDA44,8 M €40,2 M €34,2 M €15,3 M €26,8 M €
Operating result31,4 M €29,3 M €24,1 M €10,4 M €18,3 M €
Net result27,9 M €26,9 M €20,5 M €44,5 M €12,3 M €
Balance sheet
Equity135,3 M €126,9 M €130 M €119,8 M €115,2 M €
Total assets398,1 M €305,1 M €263,4 M €237,2 M €252,3 M €
Cash11 M €16,1 M €12,9 M €41,3 M €23,3 M €
Debts260,9 M €175,7 M €130,2 M €115 M €135,1 M €
Other
Workforce752,1 ETP752,6 ETP719,6 ETP668,0 ETP650,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 20 ended

Active mandates

CRESCAS

Director · since 16 octobre 2025 · until 16 octobre 2031 · 0676.906.976

Represented by Anthony Casteels

Active
RUMILI

Director · since 16 octobre 2025 · until 16 octobre 2031 · 1021.970.125

Represented by Kurt Kesteloot

Active
VALQ-M

Managing director · since 16 octobre 2025 · until 16 octobre 2031 · 1028.963.726

Represented by Dominique Valcke

Active
DESIRE STADSBADER

Managing director · since 15 novembre 2023 · until 16 octobre 2025 · 0432.759.065

Represented by Dominique Valcke

Active

Ended mandates

DESIRE STADSBADER

Managing director · since 15 novembre 2023 · 0432.759.065

Represented by Dominique Valcke

Ended
D.S.R.T.

Managing director · since 21 novembre 2020 · until 21 novembre 2025 · 0878.313.818

Represented by Désiré Stadsbader

Ended
DESIRE STADSBADER

Managing director · since 21 novembre 2020 · until 21 novembre 2025 · 0432.759.065

Represented by Dominique Valcke

Ended
DESIRE STADSBADER

Managing director · since 30 juin 2014 · until 21 novembre 2020 · 0432.759.065

Represented by Dominique Valcke

Ended

Other companies at this address

Kanaalstraat 1 8530 Harelbeke
CompanyCBE no.
Brandweerkazerne Gent Centrum● Active
0804.672.012
De Glasfabriek● Active
1031.959.937
DESIRE STADSBADER● Active
0432.759.065
De Tijdelijke Maatschap Stadsbader VBSC● Active
0742.863.216
Dominique Valcke● Active
0898.536.338
D.S.R.T.● Active
0878.313.818
East Gate Ghent● Active
0725.781.021
IB-MAT● Active
0736.813.384
Infra-M● Active
1038.686.985
KUNSTGRASVELDEN CLUSTER 3● Active
0598.894.331
PANTHEON● Active
0471.958.547
Recydem West● Active
0734.473.508
ROS GROND● Active
0781.708.944
Sportsbuilders● Active
0682.767.459
STADION● Active
0753.673.370
Stadsbader Charity Fund● Active
0664.604.111
STADSBADER - EEG● Active
0725.590.187
Stadsbader Groep Pillar Two● Active
1019.040.032
Stadsbader Invest● Active
1015.923.065
STADSBADER-WILLY NAESSENS● Active
0660.555.350

Full financial information

Source · NBB
202520242023202220222021
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/07/202201/07/202101/07/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202230/06/202230/06/2021
Length of the financial year12 months12 months12 months6 months12 months12 months
Filing date17/07/202616/07/202503/07/202411/07/202323/12/202211/05/2022
General meeting30/06/202630/06/202528/06/202430/06/202316/12/202205/04/2022
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 32 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202617/07/2026DutchPDF
Full model31/12/202430/06/202516/07/2025DutchPDF
Full model31/12/202328/06/202403/07/2024DutchPDF
Full model31/12/202230/06/202311/07/2023DutchPDF
Full model30/06/202216/12/202223/12/2022DutchPDF
Full model30/06/202110/12/202123/12/2021DutchPDF
Consolidated accounts30/06/202105/04/202211/05/2022DutchPDF
Full model30/06/202010/12/202018/12/2020DutchPDF
Consolidated accounts30/06/202005/03/202116/03/2021DutchPDF
Full model30/06/201913/12/201920/12/2019DutchPDF
Consolidated accounts30/06/201915/05/202028/05/2020DutchPDF
Full model30/06/201818/12/201819/12/2018DutchPDF
Consolidated accounts30/06/201825/02/201927/02/2019DutchPDF
Full model30/06/201719/12/201721/12/2017DutchPDF
Consolidated accountsCorrection30/06/201702/03/201818/10/2018DutchPDF
Consolidated accounts30/06/201702/03/201820/03/2018DutchPDF
Full model30/06/201616/12/201622/12/2016DutchPDF
Full model30/06/201518/12/201518/12/2015DutchPDF
Consolidated accounts30/06/201520/05/201623/06/2016DutchPDF
Full model30/06/201421/11/201418/12/2014DutchPDF
Consolidated accounts30/06/201430/01/201527/02/2015DutchPDF
Full model31/12/201213/05/201309/07/2013DutchPDF
Consolidated accounts31/12/201228/06/201311/07/2013DutchPDF
Full model31/12/201111/05/201215/06/2012DutchPDF
Consolidated accounts31/12/201122/06/201213/07/2012DutchPDF
Full model31/12/201013/05/201101/06/2011DutchPDF
Consolidated accounts31/12/201024/06/201101/07/2011DutchPDF
Full model31/12/200917/05/201016/06/2010DutchPDF
Consolidated accounts31/12/200924/06/201009/07/2010DutchPDF
Full model31/12/200808/05/200905/06/2009DutchPDF
Full model31/12/200709/05/200810/06/2008DutchPDF
Full model31/12/200611/05/200711/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 20 ended

Active mandates

CRESCAS

Director · since 16 octobre 2025 · until 16 octobre 2031 · 0676.906.976

Represented by Anthony Casteels

Active
RUMILI

Director · since 16 octobre 2025 · until 16 octobre 2031 · 1021.970.125

Represented by Kurt Kesteloot

Active
VALQ-M

Managing director · since 16 octobre 2025 · until 16 octobre 2031 · 1028.963.726

Represented by Dominique Valcke

Active
DESIRE STADSBADER

Managing director · since 15 novembre 2023 · until 16 octobre 2025 · 0432.759.065

Represented by Dominique Valcke

Active

Ended mandates

DESIRE STADSBADER

Managing director · since 15 novembre 2023 · 0432.759.065

Represented by Dominique Valcke

Ended
D.S.R.T.

Managing director · since 21 novembre 2020 · until 21 novembre 2025 · 0878.313.818

Represented by Désiré Stadsbader

Ended
DESIRE STADSBADER

Managing director · since 21 novembre 2020 · until 21 novembre 2025 · 0432.759.065

Represented by Dominique Valcke

Ended
DESIRE STADSBADER

Managing director · since 30 juin 2014 · until 21 novembre 2020 · 0432.759.065

Represented by Dominique Valcke

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/03/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/10/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/04/2024
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates26/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring17/01/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates22/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring25/11/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates17/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202527,9 M €↑
  2. 16/10/2025
    nominationVALQ-M — bestuurder
  3. 16/10/2025
    nominationValcke Dominique — vaste vertegenwoordiger
  4. 16/10/2025
    nominationCRESCAS — bestuurder
  5. 16/10/2025
    nominationCasteels, Anthony Nicolas Charles — vaste vertegenwoordiger
  6. 16/10/2025
    nominationRUMILI — bestuurder
  7. 16/10/2025
    nominationKesteloot, Kurt Achiel — vaste vertegenwoordiger
  8. 2024
    Annual accounts 202426,9 M €↑
  9. 29/06/2024
    reconductionRoobrouck Bart — commissaris
  10. 2023
    Annual accounts 202320,5 M €↓
  11. 15/11/2023
    nominationDESIRE STADSBADER — enige bestuurder
  12. 15/09/2023
    nominationRita Tanghe — vaste vertegenwoordiger
  13. 2022
    Annual accounts 202244,5 M €↑
  14. 2022
    Annual accounts 202212,3 M €↓
  15. 10/12/2021
    reconductionB.V.B.A. VANDER DONCKT-ROOBROUCK-CHRISTIAENS BEDRIJFSREVISOREN — commissaris
  16. 2021
    Annual accounts 202113,6 M €↑
  17. 2020
    Annual accounts 20209,5 M €↑
  18. 2019
    Annual accounts 20198,6 M €↓
  19. 2018
    Annual accounts 201826,3 M €↑
  20. 2017
    Annual accounts 201711,8 M €↑
  21. 2016
    Annual accounts 20169,9 M €↑
  22. 2015
    Annual accounts 20155,2 M €↓
  23. 2014
    Annual accounts 201415,6 M €↑
  24. 2012
    Annual accounts 201211,9 M €↑
  25. 2011
    Annual accounts 20117,7 M €↓
  26. 2010
    Annual accounts 201012 M €↑
  27. 2010
    Name changeStadsbader NV
  28. 2009
    Annual accounts 20093,1 M €↓
  29. 2008
    Annual accounts 20085,6 M €↓
  30. 2007
    Annual accounts 20077,4 M €↑
  31. 2006
    Annual accounts 20064,3 M €
  32. 2006
    Name changeDésiré Stadsbader - Flamand
  33. 01/01/1971
    IncorporationPublic limited company