ACTIVE

BSTOR

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Financial year 2025 · Closed on 31/12/2025

Net result4,7 M €+108,3 %over 1 year

Revenue9,6 M €+100,1 %over 1 year

Equity22,4 M €+141,3 %over 1 year

Workforce9,9 ETP+57,1 %over 1 year

Identity

Source · BCE/KBO

BSTOR is a Public limited company incorporated in 2016. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Auderghem. It employs on average 9,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0648.717.687
Incorporation: 16/02/2016
Legal form: Public limited company
Registered office: Avenue Herrmann-Debroux 42
1160 Auderghem · BruxellesSee on map
Contributed capital: 16 603 097,49 €
Latest accounts: 31/12/2025
Average workforce: 9,9 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering 72101Research and experimental development on natural sciences and engineering 72110Research and experimental development on biotechnology

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 9 filings

Trend over 8 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	9,6 M €	+100%	4,8 M €	+338%	1,1 M €	+118%	498,6 k €		–
EBITDA	5 M €	+217%	1,6 M €	+251%	-1 M €	-123%	-465,1 k €	-167%	-174,3 k €
Operating result	4,9 M €	+222%	1,5 M €	+247%	-1 M €	-123%	-468,5 k €	-168%	-175 k €
Net result	4,7 M €	+108%	2,3 M €	+2210%	97,8 k €	+124%	-413,4 k €	-192%	-141,4 k €
Balance sheet
Equity	22,4 M €	+141%	9,3 M €	+161%	3,6 M €	+2.8%	3,5 M €	+163%	1,3 M €
Total assets	58,5 M €	+95.4%	30 M €	+281%	7,9 M €	+51.3%	5,2 M €	+124%	2,3 M €
Cash	3,2 M €	-30.0%	4,6 M €	+12.4%	4,1 M €	+500%	686,4 k €	+1193%	53,1 k €
Debts	34,5 M €	+70.3%	20,3 M €	+374%	4,3 M €	+157%	1,7 M €	+78.0%	933,5 k €
Other
Workforce	9,9 ETP	+57.1%	6,3 ETP	+50.0%	4,2 ETP	+90.9%	2,2 ETP	+69.2%	1,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ETHAN0847.084.271Represented by Daniel Dobbeni	Director19/05/2023 → 18/05/2028
WE Environnement0426.516.918Represented by Olivier Bouchat	Director16/05/2024 → 20/05/2027
MSQ0700.413.046Represented by Fabien DE JONGE	Director27/11/2023 → 20/05/2027
BEWATT0892.258.161Represented by Bruno Vanderschueren	Director04/04/2019 → 20/05/2027
Koen Janssen	Director04/04/2019 → 20/05/2027
SPARAXIS0452.116.307Represented by Régis VANKERKHOVE	Director31/03/2022 → 20/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SAMANDA0480.028.848Represented by Olivier Bouchat	Director31/03/2022 → 2024 accounts
ST CONSULT0821.500.324Represented by Steve Theunissen	Director26/08/2019 → 2022 accounts

Other companies at this address

Avenue Herrmann-Debroux 42 1160 Auderghem

Company	CBE no.
Ambassade de la Jamaïque● Active	0850.204.901
A-STOR● Active	1022.854.805
BSTOR AssetCo● Active	1039.600.369
BSTOR DevCo● Active	1024.481.039
D-STOR● Active	1003.618.616
Mobix Engema SA – TRBA SA● Active	0769.633.533
NOVA WORK● Active	1017.194.953
RLM service● Active	0790.311.161

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full 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	22/05/2026	23/05/2025	15/06/2024	23/05/2023	09/06/2022	21/05/2021
General meeting	21/05/2026	15/05/2025	16/05/2024	19/05/2023	26/05/2022	20/05/2021
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, 9 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/05/2026	22/05/2026	Dutch	PDF
Full model	31/12/2024	15/05/2025	23/05/2025	Dutch	PDF
Full model	31/12/2023	16/05/2024	15/06/2024	Dutch	PDF
Full model	31/12/2022	19/05/2023	23/05/2023	Dutch	PDF
Abridged model	31/12/2021	26/05/2022	09/06/2022	Dutch	PDF
Abridged model	31/12/2020	20/05/2021	21/05/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	30/06/2020	Dutch	PDF
Full model	31/12/2018	29/03/2019	24/04/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	31/07/2018	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

6 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ETHAN0847.084.271Represented by Daniel Dobbeni	Director19/05/2023 → 18/05/2028
WE Environnement0426.516.918Represented by Olivier Bouchat	Director16/05/2024 → 20/05/2027
MSQ0700.413.046Represented by Fabien DE JONGE	Director27/11/2023 → 20/05/2027
BEWATT0892.258.161Represented by Bruno Vanderschueren	Director04/04/2019 → 20/05/2027
Koen Janssen	Director04/04/2019 → 20/05/2027
SPARAXIS0452.116.307Represented by Régis VANKERKHOVE	Director31/03/2022 → 20/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SAMANDA0480.028.848Represented by Olivier Bouchat	Director31/03/2022 → 2024 accounts
ST CONSULT0821.500.324Represented by Steve Theunissen	Director26/08/2019 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates06/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates21/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2020
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

Filings8 filings

Mandates

ETHAN

WE Environnement

MSQ

SPARAXIS

BEWATT

Koen Janssen

SAMANDA

ST CONSULT

Frank Wouters

Valentijn Maussen

Marc Stordiau

Marcel Van Bouwel

2016201720182019202020212022202320242025202620272028

BSTOR

Avenue Herrmann-Debroux 42, 1160 Auderghem

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Herrmann-Debroux 42, 1160 AuderghemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00118495

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BSTORCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00118495

Events

2025
Annual accounts 20254,7 M €↑
14/04/2025
nominationBMP Consult BV · lid van het Executief Comité
14/04/2025
nominationLutis SRL · lid van het Executief Comité
14/04/2025
nominationAtsilo Consulting SRL · lid van het Executief Comité
2024
Annual accounts 20242,3 M €↑
01/10/2024
augmentation_capital
16/05/2024
nominationWE Environnement SA · bestuurder
2023
Annual accounts 202397,8 k €↑
27/11/2023
nominationMSQ BV · bestuurder
19/05/2023
nominationDaniel DOBBENI · onafhankelijke bestuurder
19/05/2023
nominationBen Vandeweyer · commissaris
19/05/2023
nominationHannes Poelmans · commissaris
2022
Annual accounts 2022-413,4 k €↓
16/04/2022
nominationBPM Consult BV · personen belast met het dagelijks bestuur (Managing Director)
16/04/2022
nominationLutis SRL · personen belast met het dagelijks bestuur (Managing Director)
01/01/2022
nominationBen Vandeweyer · vaste vertegenwoordiger commissaris
01/01/2022
nominationHannes Poelmans · vaste vertegenwoordiger commissaris
2021
Annual accounts 2021-141,4 k €↓
2019
Annual accounts 2019-84,3 k €↑
2018
Annual accounts 2018-260,5 k €↑
2017
Annual accounts 2017-429,8 k €
16/02/2016
IncorporationPublic limited company

BSTOR

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