ACTIVE

ST Engineering iDirect (Europe) CY

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Financial year 2025 · Closed on 31/12/2025

Net result-47 M €-722,6 %over 1 year

Revenue50,4 M €-41,1 %over 1 year

Equity31,8 M €+55,9 %over 1 year

Workforce219,9 ETP-7,2 %over 1 year

Identity

Source · BCE/KBO

ST Engineering iDirect (Europe) CY is a Public limited company incorporated in 1985. Its main activity is: Manufacture of communication equipment. Its registered office is in Sint-Niklaas. It employs on average 219,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0426.702.802
Incorporation: 11/01/1985
Legal form: Public limited company
Registered office: Laarstraat 5
9100 Sint-Niklaas · FlandreSee on map
Contributed capital: 69 843 976,00 €
Latest accounts: 31/12/2025
Average workforce: 219,9 ETP

Activities (NACE)

26300Manufacture of communication equipment· main 26300Manufacture of communication equipment 32201Manufacture of musical instruments 46500Wholesale of information and communication equipment 46520Wholesale of electronic and telecommunications equipment and parts

Joint committees (5)

Signals

Solid equityGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 29 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	50,4 M €	-41.1%	85,6 M €	-0.6%	86,1 M €	+0.0%	86,1 M €	-3.5%	89,2 M €
EBITDA	-44,8 M €	-574%	9,4 M €	+131%	4,1 M €	+125%	-16,3 M €	-242%	11,4 M €
Operating result	-52,1 M €	-4748%	1,1 M €	+462%	199,4 k €	+101%	-22,9 M €	-661%	4,1 M €
Net result	-47 M €	-723%	-5,7 M €	-611%	1,1 M €	+105%	-23,2 M €	-679%	4 M €
Balance sheet
Equity	31,8 M €	+55.9%	20,4 M €	-21.9%	26,1 M €	+4.5%	25 M €	-48.1%	48,2 M €
Total assets	75,8 M €	-46.4%	141,5 M €	-10.7%	158,5 M €	+5.3%	150,5 M €	+38.3%	108,8 M €
Cash	14,9 M €	+25.6%	11,9 M €	+44.3%	8,2 M €	-49.4%	16,3 M €	+335%	3,7 M €
Debts	41,1 M €	-63.7%	113,4 M €	-11.1%	127,6 M €	+7.5%	118,7 M €	+117%	54,7 M €
Other
Workforce	219,9 ETP	-7.2%	236,9 ETP	-14.2%	276,1 ETP	-0.7%	278,1 ETP	-0.6%	279,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 42 ended

Active mandates

Sridhar Kuppanna

Director · since 26 mars 2026 · until 26 mars 2032

Active

Koenraad Coeman

Director · since 04 février 2026 · until 04 février 2032

Active

Sophie Loh Zi Mi

Director · since 04 décembre 2023 · until 04 décembre 2029

Active

PricewaterhouseCoopers Reviseurs d'Entreprises

Registered auditor · since 21 juin 2023 · until 17 juin 2026 · 0429.501.944

Represented by Kathleen (A02566) Verlinden

Active

Don Claussen

Director · since 10 mars 2023 · until 26 mars 2026

Active

Jo De Loor

Director · since 18 octobre 2022 · until 03 octobre 2025

Active

FREMAC

Director · since 01 novembre 2020 · until 01 novembre 2026 · 0829.222.118

Represented by Frédéric Vandingenen

Active

Ended mandates

Don Claussen

Director · since 10 mars 2023 · until 10 mars 2029

Ended

Jo De Loor

Director · since 18 octobre 2022 · until 18 octobre 2028

Ended

Ka Hoe Low

Director · since 30 septembre 2022 · until 10 mars 2023

Ended

Donna Wilson

Director · since 31 août 2021 · until 04 décembre 2023

Ended

Other companies at this address

Laarstraat 5 9100 Sint-Niklaas

Company	CBE no.
ST Engineering iDirect (Europe)● Active	0890.037.158

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	01/01/2022	01/01/2021	01/10/2019
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	15 months
Filing date	30/06/2026	25/06/2025	28/06/2024	29/06/2023	30/06/2022	10/11/2021
General meeting	25/06/2026	23/06/2025	19/06/2024	21/06/2023	22/06/2022	29/10/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 29 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	30/06/2026	Dutch	PDF
Full model	31/12/2024	23/06/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	19/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	21/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	29/10/2021	10/11/2021	Dutch	PDF
Full model	30/09/2019	11/03/2020	20/03/2020	Dutch	PDF
Full model	30/09/2018	13/03/2019	22/03/2019	Dutch	PDF
Full model	30/09/2017	14/03/2018	23/03/2018	Dutch	PDF
Consolidated accounts	30/09/2017	14/03/2018	23/03/2018	Dutch	PDF
Full model	30/09/2016	08/03/2017	31/03/2017	Dutch	PDF
Consolidated accounts	30/09/2016	08/03/2017	31/03/2017	Dutch	PDF
Full model	30/09/2015	09/03/2016	30/03/2016	Dutch	PDF
Consolidated accounts	30/09/2015	09/03/2016	30/03/2016	Dutch	PDF
Full model	30/09/2014	11/03/2015	31/03/2015	Dutch	PDF
Consolidated accounts	30/09/2014	01/01/9999	31/03/2015	Dutch	PDF
Full model	30/09/2013	12/03/2014	12/03/2014	Dutch	PDF
Consolidated accounts	30/09/2013	12/03/2014	12/03/2014	Dutch	PDF
Full model	30/09/2012	13/03/2013	13/03/2013	Dutch	PDF
Consolidated accounts	30/09/2012	13/03/2013	14/03/2013	Dutch	PDF
Full model	30/09/2011	14/03/2012	16/03/2012	Dutch	PDF
Consolidated accounts	30/09/2011	14/03/2012	15/03/2012	Dutch	PDF
Full model	30/09/2010	09/03/2011	10/03/2011	Dutch	PDF
Consolidated accounts	30/09/2010	09/03/2011	10/03/2011	Dutch	PDF

View all 29 filings

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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 42 ended

Active mandates

Sridhar Kuppanna

Director · since 26 mars 2026 · until 26 mars 2032

Active

Koenraad Coeman

Director · since 04 février 2026 · until 04 février 2032

Active

Sophie Loh Zi Mi

Director · since 04 décembre 2023 · until 04 décembre 2029

Active

PricewaterhouseCoopers Reviseurs d'Entreprises

Registered auditor · since 21 juin 2023 · until 17 juin 2026 · 0429.501.944

Represented by Kathleen (A02566) Verlinden

Active

Don Claussen

Director · since 10 mars 2023 · until 26 mars 2026

Active

Jo De Loor

Director · since 18 octobre 2022 · until 03 octobre 2025

Active

FREMAC

Director · since 01 novembre 2020 · until 01 novembre 2026 · 0829.222.118

Represented by Frédéric Vandingenen

Active

Ended mandates

Don Claussen

Director · since 10 mars 2023 · until 10 mars 2029

Ended

Jo De Loor

Director · since 18 octobre 2022 · until 18 octobre 2028

Ended

Ka Hoe Low

Director · since 30 septembre 2022 · until 10 mars 2023

Ended

Donna Wilson

Director · since 31 août 2021 · until 04 décembre 2023

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates09/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates14/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

04/02/2026
nominationKoenraad Coeman — bestuurder
2025
Annual accounts 2025-47 M €↓
23/12/2025
augmentation_capital
23/12/2025
augmentation_capital
2024
Annual accounts 2024-5,7 M €↓
2023
Annual accounts 20231,1 M €↑
04/12/2023
nominationLOH Zi Mi Sophie — bestuurder
09/03/2023
nominationDon Claussen — bestuurder
2022
Annual accounts 2022-23,2 M €↓
18/10/2022
nominationJo de Loor — bestuurder
30/09/2022
nominationKa Hoe Low — bestuurder
2021
Annual accounts 20214 M €↓
2019
Annual accounts 20199 M €↑
2019
Name changeST Engineering iDirect (Europe) CY
2018
Annual accounts 20187,2 M €↑
2017
Annual accounts 20176 M €↑
2016
Annual accounts 20163 M €↑
2015
Annual accounts 2015-2 M €↑
2013
Annual accounts 2013-4,8 M €↓
2012
Annual accounts 20121,1 M €↑
2011
Annual accounts 2011-3,3 M €↓
2010
Annual accounts 20101,8 M €↓
2009
Annual accounts 20093 M €↑
2007
Annual accounts 2007-71,9 k €
2007
Name changeNEWTEC CY
11/01/1985
IncorporationPublic limited company

ST Engineering iDirect (Europe) CY

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