ACTIVE

Stagobel

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Financial year 2025 · closed on 31/12/2025

Net result

3,3 M €

-18.4% YoY

Gross margin

6,8 M €

+1.1% YoY

Equity

7,2 M €

+5.9% YoY

Workforce

34,8 ETP

+8.7% YoY

What does Stagobel do?

Stagobel is a Public limited company incorporated in 1971. Its registered office is in Deinze. It employs on average 34,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0408.055.046

Incorporation

01/01/1971

Legal form

Public limited company

Registered office

Karrewegstraat 50
9800 Deinze · FlandreSee on map

Contributed capital

1 114 000,00 €

Latest accounts

31/12/2025

Average workforce

34,8 ETP

Joint committees (3)

10601
14904
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	6,8 M €	+1.1%	6,7 M €	-1.6%	6,9 M €	-6.1%	7,3 M €	+34.5%	5,4 M €	+15.8%	4,7 M €	-6.4%	5 M €	-5.7%	5,3 M €	+3.0%	5,2 M €	+29.1%	4 M €	-2.9%	4,1 M €	+14.6%	3,6 M €	-4.1%	3,7 M €	-13.5%	4,3 M €	+187%	1,5 M €	-48.9%	3 M €	+3.9%	2,8 M €	-4.0%	3 M €	-11.1%	3,3 M €	+25.9%	2,6 M €
EBITDA	3,3 M €	-13.3%	3,8 M €	+0.4%	3,7 M €	-18.3%	4,6 M €	+50.7%	3 M €	+28.8%	2,4 M €	-2.8%	2,4 M €	-13.6%	2,8 M €	+4.9%	2,7 M €	+65.1%	1,6 M €	-3.9%	1,7 M €	+27.9%	1,3 M €	+1.7%	1,3 M €	-19.0%	1,6 M €	-17.4%	1,9 M €	+101%	964,8 k €	-23.1%	1,3 M €	+79.6%	698,6 k €	-39.9%	1,2 M €	+44.6%	803,8 k €
Operating result	3,1 M €	-15.0%	3,7 M €	+0.3%	3,7 M €	-18.6%	4,5 M €	+41.8%	3,2 M €	+38.8%	2,3 M €	+3.6%	2,2 M €	-13.6%	2,6 M €	+6.2%	2,4 M €	+78.9%	1,3 M €	-3.7%	1,4 M €	+18.8%	1,2 M €	-0.8%	1,2 M €	-20.4%	1,5 M €	-19.4%	1,8 M €	+110%	878,7 k €	-26.2%	1,2 M €	+88.8%	631,1 k €	-41.5%	1,1 M €	+50.9%	715 k €
Net result	3,3 M €	-18.4%	4,1 M €	+5.5%	3,9 M €	-9.4%	4,3 M €	+47.0%	2,9 M €	+21.4%	2,4 M €	+4.8%	2,3 M €	-4.8%	2,4 M €	+15.1%	2,1 M €	+56.1%	1,3 M €	-6.5%	1,4 M €	+27.0%	1,1 M €	+22.6%	920,6 k €	-2.7%	945,8 k €	-16.8%	1,1 M €	+28.2%	886,3 k €	-6.1%	944 k €	+6.8%	883,6 k €	-28.4%	1,2 M €	+128%	540,6 k €
Balance sheet
Equity	7,2 M €	+5.9%	6,8 M €	+7.2%	6,3 M €	-33.3%	9,5 M €	-7.0%	10,2 M €	+9.8%	9,3 M €	-69.9%	30,9 M €	+9.9%	28,1 M €	+11.6%	25,2 M €	+11.5%	22,6 M €	+8.9%	20,7 M €	+10.3%	18,8 M €	+9.5%	17,2 M €	+12.6%	15,3 M €	+14.6%	13,3 M €	+14.0%	11,7 M €	+13.5%	10,3 M €	+16.3%	8,8 M €	+21.0%	7,3 M €	+31.1%	5,6 M €
Total assets	12,4 M €	-2.5%	12,7 M €	-22.3%	16,4 M €	-4.0%	17,1 M €	+12.9%	15,2 M €	+27.7%	11,9 M €	-64.4%	33,3 M €	+6.7%	31,2 M €	+8.7%	28,7 M €	+6.6%	27 M €	+5.4%	25,6 M €	+12.2%	22,8 M €	+13.1%	20,2 M €	-4.6%	21,2 M €	+5.0%	20,1 M €	+1.8%	19,8 M €	+4.1%	19 M €	+9.7%	17,3 M €	+11.0%	15,6 M €	+20.0%	13 M €
Cash	1,5 M €	-62.8%	4,1 M €	-14.2%	4,8 M €	-42.9%	8,4 M €	+35.0%	6,3 M €	+58.6%	3,9 M €	-44.5%	7,1 M €	+42.5%	5 M €	+85.2%	2,7 M €	-2.0%	2,7 M €	+29.8%	2,1 M €	-35.0%	3,3 M €	+72.0%	1,9 M €	-53.0%	4 M €	-70.7%	13,7 M €	+3.2%	13,3 M €	+7.4%	12,4 M €	+1063%	1,1 M €	-40.2%	1,8 M €	-27.1%	2,4 M €
Debts	5,3 M €	-12.0%	6 M €	-40.8%	10,1 M €	+32.2%	7,6 M €	+54.3%	4,9 M €	+108%	2,4 M €	+36.8%	1,7 M €	-28.3%	2,4 M €	-14.1%	2,8 M €	-22.3%	3,6 M €	-11.0%	4,1 M €	+21.5%	3,4 M €	+43.7%	2,3 M €	-50.3%	4,7 M €	-16.4%	5,6 M €	+29.1%	4,4 M €	-12.5%	5 M €	+11.2%	4,5 M €	-1.3%	4,5 M €	+14.0%	4 M €
Other
Workforce	34,8 ETP	+8.7%	32,0 ETP	+4.2%	30,7 ETP	+0.3%	30,6 ETP	+7.7%	28,4 ETP	+10.9%	25,6 ETP	+8.9%	23,5 ETP	+0.4%	23,4 ETP	-1.3%	23,7 ETP	+0.9%	23,5 ETP	+1.7%	23,1 ETP	-1.3%	23,4 ETP	-12.7%	26,8 ETP	+5.9%	25,3 ETP	+4.1%	24,3 ETP	+6.1%	22,9 ETP	+7.0%	21,4 ETP	-1.8%	21,8 ETP	-7.6%	23,6 ETP	+11.8%	21,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

ELECTRO PROJECT

Director · since 26 mars 2020 · 0427.573.426

Represented by Karel Dewulf

Active

Ended mandates

Karel DEWULF

Director · since 28 juin 2011 · until 26 mars 2020

Ended

Karel DEWULF

Manager · since 28 juin 2011

Ended

Hubert DEWULF

Manager · until 28 juin 2011

Ended

Hubert DEWULF

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BE STAGOBEL● Active	0553.876.532
COPAR● Active	0425.491.488
ELECTRO PROJECT● Active	0427.573.426

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	13/06/2025	27/06/2024	06/06/2023	30/06/2022	14/06/2021
General meeting	30/05/2026	31/05/2025	14/06/2024	02/06/2023	28/05/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/05/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/05/2025	13/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	27/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	28/05/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/05/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	28/05/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	03/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	04/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

ELECTRO PROJECT

Director · since 26 mars 2020 · 0427.573.426

Represented by Karel Dewulf

Active

Ended mandates

Karel DEWULF

Director · since 28 juin 2011 · until 26 mars 2020

Ended

Karel DEWULF

Manager · since 28 juin 2011

Ended

Hubert DEWULF

Manager · until 28 juin 2011

Ended

Hubert DEWULF

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2012
KAPITAAL - AANDELEN
PDF
Mandates18/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2006
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20253,3 M €↓
2024
Annual accounts 20244,1 M €↑
2023
Annual accounts 20233,9 M €↓
2022
Annual accounts 20224,3 M €↑
2021
Annual accounts 20212,9 M €↑
2020
Annual accounts 20202,4 M €↑
2019
Annual accounts 20192,3 M €↓
2018
Annual accounts 20182,4 M €↑
2017
Annual accounts 20172,1 M €↑
2016
Annual accounts 20161,3 M €↓
2015
Annual accounts 20151,4 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 2013920,6 k €↓
2012
Annual accounts 2012945,8 k €↓
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010886,3 k €↓
2009
Annual accounts 2009944 k €↑
2008
Annual accounts 2008883,6 k €↓
2007
Annual accounts 20071,2 M €↑
2006
Annual accounts 2006540,6 k €
01/01/1971
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Stagobel

Overview

What does Stagobel do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline