ACTIVE

Marie Stadsbader

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Financial year 2025 · closed on 30/09/2025
Net result
62,9 k €
-65.2% YoY
Gross margin
258,9 k €
-40.0% YoY
Equity
528 k €
+13.5% YoY
Workforce
2,5 ETP
+25.0% YoY

What does Marie Stadsbader do?

Marie Stadsbader is a Private limited company incorporated in 1986. Its main activity is: Air transport. Its registered office is in Sint-Martens-Latem. It employs on average 2,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0430.156.101
Incorporation
31/12/1986
Legal form
Private limited company
Registered office
Pontstraat 39
9831 Sint-Martens-Latem · FlandreSee on map
Contributed capital
5 000,00 €
Latest accounts
30/09/2025
Average workforce
2,5 ETP
Activities (NACE)
51532Air transport· main71112Architectural activities71112Architectural activities74104Specialised design activities74130Specialised design activities23650Manufacture of fibre cement+10
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin258,9 k €431,5 k €177,4 k €217,8 k €100,7 k €60,5 k €68,6 k €58,7 k €9,4 k €28,8 k €14 k €39,6 k €43,9 k €36 k €65,6 k €-1 k €97,7 k €97,6 k €118,4 k €74,2 k €
EBITDA121,5 k €291,2 k €83 k €129,1 k €95,2 k €59,8 k €67,8 k €58 k €8,4 k €27,9 k €12,7 k €38,6 k €43,3 k €22 k €51,5 k €-50,3 k €12,4 k €29,9 k €38 k €4,1 k €
Operating result96,2 k €267,5 k €68,7 k €116,7 k €88,6 k €54,7 k €62 k €54,1 k €3,1 k €19,2 k €4 k €31,2 k €41 k €21,5 k €51,3 k €-50,6 k €12,2 k €30,8 k €31,8 k €-2,2 k €
Net result62,9 k €180,5 k €44,5 k €94 k €66,8 k €53,7 k €68,8 k €55,8 k €3,4 k €19,2 k €4,2 k €32,3 k €42,4 k €21,1 k €49,4 k €-54,6 k €-35,2 k €-2,9 k €-5,8 k €-14,6 k €
Balance sheet
Equity528 k €465,2 k €284,6 k €240,1 k €146,1 k €79,4 k €268,7 k €199,8 k €144 k €140,7 k €121,5 k €117,3 k €84,9 k €42,5 k €21,4 k €-28 k €26,7 k €61,9 k €64,8 k €70,6 k €
Total assets581,9 k €512,8 k €392,4 k €362,3 k €718,6 k €753,4 k €683,1 k €631,5 k €150,3 k €155,7 k €138,1 k €129,6 k €100,6 k €50,4 k €94,6 k €54,8 k €152,6 k €738,5 k €878 k €766,8 k €
Cash128,3 k €91,9 k €240,3 k €153,2 k €343,3 k €491 k €206,5 k €66,5 k €140,2 k €95,3 k €85,4 k €91,7 k €58,8 k €18,3 k €15,7 k €628 €–4,9 k €1,4 k €2,3 k €
Debts53,9 k €47,6 k €106,9 k €122 k €572,2 k €666,8 k €406,7 k €430 k €6,3 k €15 k €16,6 k €12,3 k €15,7 k €7,6 k €72,8 k €82,4 k €125,9 k €674,9 k €811,7 k €694,5 k €
Other
Workforce2,5 ETP2,0 ETP2,0 ETP1,7 ETP–––––––––0,0 ETP0,0 ETP1,0 ETP1,6 ETP1,4 ETP2,1 ETP1,8 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 9 ended

Active mandates

MST ESTATE

Director · since 12 octobre 2022 · 0434.244.056

Represented by Vermeersch Dimitri

Active
Marie-France Stadsbader

Director · since 02 juin 2017

Active

Ended mandates

MST ESTATE

Director · since 12 octobre 2022 · 0434.244.056

Represented by Vermeersch DIMITRI

Ended
Jacques Stadsbader

Chairman of the board of directors · since 02 juin 2017 · until 14 décembre 2020

Ended
Jacques Stadsbader

Chairman of the board of directors · since 02 juin 2017 · until 02 juin 2023

Ended
Marie-France Stadsbader

Director · since 02 juin 2017 · until 02 juin 2023

Ended
At this address

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SDE INVEST● Active
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/01/202301/01/202201/01/202101/01/2020
Closing of the financial year30/09/202530/09/202430/09/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months9 months12 months12 months12 months
Filing date21/04/202607/04/202511/04/202404/07/202312/07/202213/07/2021
General meeting27/03/202628/03/202529/03/202402/06/202327/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202527/03/202621/04/2026DutchPDF
Abridged model30/09/202428/03/202507/04/2025DutchPDF
Abridged model30/09/202329/03/202411/04/2024DutchPDF
Abridged model31/12/202202/06/202304/07/2023DutchPDF
Micro model31/12/202127/06/202212/07/2022DutchPDF
Micro model31/12/202025/06/202113/07/2021DutchPDF
Micro model31/12/201926/06/202020/07/2020DutchPDF
Micro model31/12/201828/06/201923/07/2019DutchPDF
Micro model31/12/201701/06/201813/07/2018DutchPDF
Micro model31/12/201602/06/201725/07/2017DutchPDF
Abridged model31/12/201503/06/201601/07/2016DutchPDF
Abridged model31/12/201405/06/201503/07/2015DutchPDF
Abridged model31/12/201306/06/201426/08/2014DutchPDF
Abridged model31/12/201207/06/201328/06/2013DutchPDF
Abridged model31/12/201101/06/201209/07/2012DutchPDF
Abridged model31/12/201003/06/201115/07/2011DutchPDF
Abridged model31/12/200904/06/201020/07/2010DutchPDF
Abridged model31/12/200805/06/200930/07/2009DutchPDF
Abridged model31/12/200706/06/200822/07/2008DutchPDF
Abridged model31/12/200601/06/200727/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 2 active · 9 ended

Active mandates

MST ESTATE

Director · since 12 octobre 2022 · 0434.244.056

Represented by Vermeersch Dimitri

Active
Marie-France Stadsbader

Director · since 02 juin 2017

Active

Ended mandates

MST ESTATE

Director · since 12 octobre 2022 · 0434.244.056

Represented by Vermeersch DIMITRI

Ended
Jacques Stadsbader

Chairman of the board of directors · since 02 juin 2017 · until 14 décembre 2020

Ended
Jacques Stadsbader

Chairman of the board of directors · since 02 juin 2017 · until 02 juin 2023

Ended
Marie-France Stadsbader

Director · since 02 juin 2017 · until 02 juin 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other28/06/2023
    BOEKJAAR
    PDF
  • Mandates27/12/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/12/2020
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates01/09/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/12/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/02/2006
    BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
    PDF
  • Mandates21/08/2003
    ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
    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

Timeline

  1. 2025
    Annual accounts 202562,9 k €↓
  2. 2024
    Annual accounts 2024180,5 k €↑
  3. 2023
    Annual accounts 202344,5 k €↓
  4. 2023
    Name changeMarie Stadsbader (MST)
  5. 2022
    Annual accounts 202294 k €↑
  6. 2022
    Name changeMST
  7. 2021
    Annual accounts 202166,8 k €↑
  8. 2021
    Name changeMarie Stadsbader
  9. 2020
    Annual accounts 202053,7 k €↓
  10. 2019
    Annual accounts 201968,8 k €↑
  11. 2018
    Annual accounts 201855,8 k €↑
  12. 2017
    Annual accounts 20173,4 k €↓
  13. 2016
    Annual accounts 201619,2 k €↑
  14. 2015
    Annual accounts 20154,2 k €↓
  15. 2014
    Annual accounts 201432,3 k €↓
  16. 2013
    Annual accounts 201342,4 k €↑
  17. 2012
    Annual accounts 201221,1 k €↓
  18. 2011
    Annual accounts 201149,4 k €↑
  19. 2010
    Annual accounts 2010-54,6 k €↓
  20. 2009
    Annual accounts 2009-35,2 k €↓
  21. 2008
    Annual accounts 2008-2,9 k €↑
  22. 2007
    Annual accounts 2007-5,8 k €↑
  23. 2006
    Annual accounts 2006-14,6 k €
  24. 31/12/1986
    IncorporationPrivate limited company