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

4 active · 18 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sridhar Kuppanna	Director26/03/2026 → 26/03/2032
Koenraad Coeman	Director04/02/2026 → 04/02/2032
Sophie Loh Zi Mi	Director04/12/2023 → 04/12/2029
FREMAC0829.222.118Represented by Frédéric Vandingenen	Director01/11/2020 → 01/11/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PricewaterhouseCoopers Reviseurs d'Entreprises0429.501.944Represented by Kathleen (A02566) Verlinden	Registered auditor21/06/2023 → 17/06/2026
Don Claussen	Director10/03/2023 → 10/03/2029
Jo De Loor	Director18/10/2022 → 03/10/2025

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
Full model	30/09/2009	31/03/2010	31/03/2010	Dutch	PDF
Consolidated accounts	30/09/2009	31/03/2010	02/04/2010	Dutch	PDF
Full model	30/09/2008	31/03/2009	07/04/2009	Dutch	PDF
Full model	30/09/2007	28/02/2008	25/03/2008	Dutch	PDF
Full model	30/09/2006	06/03/2007	23/03/2007	Dutch	PDF

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

4 active · 18 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Sridhar Kuppanna	Director26/03/2026 → 26/03/2032
Koenraad Coeman	Director04/02/2026 → 04/02/2032
Sophie Loh Zi Mi	Director04/12/2023 → 04/12/2029
FREMAC0829.222.118Represented by Frédéric Vandingenen	Director01/11/2020 → 01/11/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
PricewaterhouseCoopers Reviseurs d'Entreprises0429.501.944Represented by Kathleen (A02566) Verlinden	Registered auditor21/06/2023 → 17/06/2026
Don Claussen	Director10/03/2023 → 10/03/2029
Jo De Loor	Director18/10/2022 → 03/10/2025

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other09/07/2026
Bestuurswijziging
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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Sridhar Kuppanna

Koenraad Coeman

Sophie Loh Zi Mi

FREMAC

PricewaterhouseCoopers Reviseurs d'Entreprises

Don Claussen

Jo De Loor

Ka Hoe Low

Donna Wilson

Chris Norem

Kevin Steen

Thomas Van den Driessche

and 10 more mandates

198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032

ST Engineering iDirect (Europe) CYNEWTEC CY

Laarstraat 5, 9100 Sint-Niklaas

Director

Registered auditor

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Laarstraat 5, 9100 Sint-NiklaasCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00243273

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ST Engineering iDirect (Europe) CYCurrent	accounts 2019 → 2025	Accounts 2025 · 2026-00243273
NEWTEC CY	accounts 2007 → 2018	Accounts 2018 · 2019-07800380

Events

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 €
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

Registered offices

Company names

Events