ACTIVE

STUDIEBUREAU VOOR BOUWKUNDE EN EXPERTISES

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Financial year 2025 · Closed on 31/12/2025

Net result3 M €-28,3 %over 1 year

Revenue34,9 M €+2,1 %over 1 year

Equity11,6 M €+13,0 %over 1 year

Workforce210,5 ETP+11,1 %over 1 year

Identity

Source · BCE/KBO

STUDIEBUREAU VOOR BOUWKUNDE EN EXPERTISES is a Public limited company incorporated in 1978. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Sint-Niklaas. It employs on average 210,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0418.373.470
Incorporation: 08/06/1978
Legal form: Public limited company
Registered office: Slachthuisstraat 71
9100 Sint-Niklaas · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 210,5 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 17 financial years

	2025		2024		2023		2022		2020
Income statement
Revenue	34,9 M €	+2.1%	34,1 M €	+15.7%	29,5 M €	-16.5%	35,3 M €	+104%	17,3 M €
EBITDA	4,1 M €	-34.1%	6,2 M €	+1.6%	6,1 M €	+17.4%	5,2 M €	+172%	1,9 M €
Operating result	3,6 M €	-37.4%	5,7 M €	-0.1%	5,7 M €	+21.5%	4,7 M €	+196%	1,6 M €
Net result	3 M €	-28.3%	4,2 M €	-1.0%	4,3 M €	+25.0%	3,4 M €	+264%	935,8 k €
Balance sheet
Equity	11,6 M €	+13.0%	10,2 M €	+23.6%	8,3 M €	+54.2%	5,4 M €	+361%	1,2 M €
Total assets	25 M €	+25.3%	19,9 M €	+7.6%	18,5 M €	+20.9%	15,3 M €	+49.1%	10,3 M €
Cash	4,8 M €	+13.4%	4,2 M €	+42.1%	3 M €	-0.6%	3 M €	+42.9%	2,1 M €
Debts	13,3 M €	+37.2%	9,7 M €	-5.4%	10,2 M €	+3.2%	9,9 M €	+10.3%	9 M €
Other
Workforce	210,5 ETP	+11.1%	189,4 ETP	+9.0%	173,8 ETP	+5.7%	164,5 ETP	+30.2%	126,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 16 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Jan Thomas	Managing director	28/04/2017 → 09/06/2028	00
Koen Thomas	Managing director	28/04/2017 → 09/06/2028	00

Ended mandates

Director	Function	Mandate
Henri Thomas	Managing director	28/04/2017 → 12/05/2022
Henri Thomas	Managing director	28/04/2017 → 10/10/2023
Jan Thomas	Managing director	28/04/2017 → 10/10/2023
Koen Thomas	Managing director	28/04/2017 → 10/10/2023

Other companies at this address

Slachthuisstraat 71 9100 Sint-Niklaas

Company	CBE no.
MAATSCHAP DOORTOCHT MENEN● Active	0707.949.154
Maatschap Leuven - Oost● Active	0800.969.976
Maatschap SBE - D+A● Active	0753.770.073
Maatschap Team A12● Active	0761.364.183
SBE NV-TECHNUM NV● Active	0645.373.464
Tijdelijke Maatschap SBE - Arcadis Blauwe Kei● Active	0797.987.623
Tijdelijke Maatschap SBE - Arcadis Sluizen Bovenschelde● Active	0802.060.237
Tijdelijke Maatschap SBE - Arcadis WOW● Active	0792.726.659

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	18 months	12 months	12 months
Filing date	30/06/2026	23/06/2025	01/07/2024	28/08/2023	27/10/2021	23/12/2020
General meeting	30/06/2026	13/06/2025	27/06/2024	25/08/2023	30/09/2021	13/10/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	13/06/2025	23/06/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	01/07/2024	Dutch	PDF
Full model	31/12/2022	25/08/2023	28/08/2023	Dutch	PDF
Full model	30/06/2021	30/09/2021	27/10/2021	Dutch	PDF
Full model	30/06/2020	13/10/2020	23/12/2020	Dutch	PDF
Full model	30/06/2019	08/10/2019	29/11/2019	Dutch	PDF
Full model	30/06/2018	21/12/2018	28/02/2019	Dutch	PDF
Full model	30/06/2017	10/10/2017	23/02/2018	Dutch	PDF
Full model	30/06/2016	11/10/2016	01/12/2016	Dutch	PDF
Full model	30/06/2015	13/10/2015	21/12/2015	Dutch	PDF
Full model	30/06/2014	12/08/2014	28/10/2014	Dutch	PDF
Full model	30/06/2013	08/10/2013	19/12/2013	Dutch	PDF
Full model	30/06/2012	03/08/2012	30/11/2012	Dutch	PDF
Abridged model	30/06/2011	11/10/2011	20/12/2011	Dutch	PDF
Abridged model	30/06/2010	12/10/2010	13/12/2010	Dutch	PDF
Abridged model	30/06/2009	13/10/2009	22/02/2010	Dutch	PDF
Abridged model	30/06/2008	14/10/2008	29/01/2009	Dutch	PDF
Abridged model	30/06/2007	09/10/2007	22/11/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

2 active · 16 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Jan Thomas	Managing director	28/04/2017 → 09/06/2028	00
Koen Thomas	Managing director	28/04/2017 → 09/06/2028	00

Ended mandates

Director	Function	Mandate
Henri Thomas	Managing director	28/04/2017 → 12/05/2022
Henri Thomas	Managing director	28/04/2017 → 10/10/2023
Jan Thomas	Managing director	28/04/2017 → 10/10/2023
Koen Thomas	Managing director	28/04/2017 → 10/10/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates31/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/05/2017
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/01/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2015
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20253 M €↓
2024
Annual accounts 20244,2 M €↓
2023
Annual accounts 20234,3 M €↑
2022
Annual accounts 20223,4 M €↑
2020
Annual accounts 2020935,8 k €↑
2019
Annual accounts 2019840,8 k €↑
2018
Annual accounts 2018521,4 k €↓
2017
Annual accounts 2017527,3 k €↓
2016
Annual accounts 2016629,5 k €↑
2015
Annual accounts 2015450,3 k €↓
2014
Annual accounts 20141,4 M €↑
2013
Annual accounts 20131 M €↓
2012
Annual accounts 20121,4 M €↑
2011
Annual accounts 2011533,5 k €↑
2010
Annual accounts 2010359,3 k €↓
2009
Annual accounts 2009387,5 k €↑
2008
Annual accounts 2008272,6 k €
08/06/1978
IncorporationPublic limited company

STUDIEBUREAU VOOR BOUWKUNDE EN EXPERTISES

Overview

Identity

Financials

Valuation

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

Timeline