ACTIVE

B.A.D. 21

Financial year 2025 · closed on 30/04/2025
Net result
-7,1 M €
-102.7% YoY
Revenue
884,5 k €
+42.6% YoY
Equity
763,7 M €
-0.9% YoY

What does B.A.D. 21 do?

B.A.D. 21 is a Private limited company incorporated in 2012. Its main activity is: Activities of holding companies. Its registered office is in Lasne.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0849.021.796
Incorporation
26/09/2012
Legal form
Private limited company
Registered office
Rue Haute 21
1380 Lasne · WallonieSee on map
Contributed capital
183 340 000,00 €
Latest accounts
30/04/2025
Signals
Solid equityLow riskGood liquidity
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022201920182017201620152014
Income statement
Revenue884,5 k €620,2 k €251,5 k €140 k €164,7 k €227,9 k €140 k €100,8 k €118,3 k €463,8 k €
EBITDA-19,5 M €-9,7 M €-5,3 M €-4,3 M €-3,5 M €-1,8 M €-155,8 k €-229 k €-63,7 k €238,5 k €
Operating result-19,5 M €-9,7 M €-5,3 M €-4,3 M €-3,5 M €-1,8 M €-199 k €-514,4 k €-75,1 k €222,6 k €
Net result-7,1 M €259,5 M €122,2 M €-2,6 M €10,2 M €173,4 M €-706,3 k €-5 M €20,4 M €-206 k €
Balance sheet
Equity763,7 M €770,8 M €511,3 M €389,1 M €381,4 M €371,2 M €197,8 M €198,5 M €203,5 M €183,1 M €
Total assets1,2 Md €994,5 M €724,2 M €548,5 M €406,6 M €424,8 M €238,1 M €206,8 M €217,4 M €201,6 M €
Cash35,4 M €31,1 M €26,7 M €15,7 M €405 k €14,9 M €588,3 k €149,5 k €328,9 k €129,1 k €
Debts428,9 M €222,8 M €211,7 M €159,2 M €25,1 M €53,6 M €39,6 M €8 M €13,9 M €18,1 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/04/2025 · 1 active · 2 ended

Active mandates

Pierre-Edouard Stérin

Director · since 26 juillet 2023

Active

Ended mandates

Pierre-Edouard Stérin

Manager · since 26 septembre 2012

Ended
Pierre-Edouard Sterin

Director · since 21 septembre 2012

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelConsolidated accountsConsolidated accounts
Start of the financial year01/05/202401/05/202301/05/202201/05/202101/05/202001/05/2019
Closing of the financial year30/04/202530/04/202430/04/202330/04/202230/04/202130/04/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/01/202628/01/202529/11/202322/12/202230/03/202315/02/2022
General meeting16/11/202529/11/202431/10/202329/11/202201/01/9999
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

23 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/04/202516/11/202505/01/2026FrenchPDF
Full model30/04/202429/11/202428/01/2025FrenchPDF
Consolidated accounts30/04/202431/10/202429/08/2025FrenchPDF
Full model30/04/202331/10/202329/11/2023FrenchPDF
Consolidated accounts30/04/202331/10/202328/12/2023FrenchPDF
Full model30/04/202229/11/202222/12/2022FrenchPDF
Consolidated accounts30/04/202230/03/2023FrenchPDF
Full model30/04/202130/11/202124/12/2021FrenchPDF
Consolidated accounts30/04/202130/03/2023FrenchPDF
Full model30/04/202007/12/202028/12/2020FrenchPDF
Consolidated accounts30/04/202001/01/999915/02/2022FrenchPDF
Full model30/04/201913/12/201930/12/2019FrenchPDF
Consolidated accounts30/04/201901/01/999915/02/2022FrenchPDF
Full model30/04/201820/06/201920/06/2019FrenchPDF
Consolidated accounts30/04/201801/01/999915/02/2022FrenchPDF
Full model30/04/201723/10/201724/10/2017FrenchPDF
Consolidated accounts30/04/201723/10/201724/10/2017FrenchPDF
Full model30/04/201629/11/201602/12/2016FrenchPDF
Consolidated accounts30/04/201629/11/201607/12/2016FrenchPDF
Full model30/04/201530/10/201519/02/2016FrenchPDF
Consolidated accounts30/04/201530/10/201502/12/2015FrenchPDF
Full model30/04/201422/10/201403/11/2014FrenchPDF
Consolidated accounts30/04/201422/10/201415/01/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 30/04/2025 · 1 active · 2 ended

Active mandates

Pierre-Edouard Stérin

Director · since 26 juillet 2023

Active

Ended mandates

Pierre-Edouard Stérin

Manager · since 26 septembre 2012

Ended
Pierre-Edouard Sterin

Director · since 21 septembre 2012

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/08/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates20/02/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office04/10/2018
    SIEGE SOCIAL
    PDF
  • Mandates29/11/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/05/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares09/05/2014
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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 2025-7,1 M €
  2. 2024
    Annual accounts 2024259,5 M €
  3. 31/10/2023
    reconductionKPMG Réviseurs d'Entreprises BV/SRL — commissaire
  4. 2023
    Annual accounts 2023122,2 M €
  5. 2022
    Annual accounts 2022-2,6 M €
  6. 2019
    Annual accounts 201910,2 M €
  7. 2018
    Annual accounts 2018173,4 M €
  8. 2017
    Annual accounts 2017-706,3 k €
  9. 2016
    Annual accounts 2016-5 M €
  10. 2015
    Annual accounts 201520,4 M €
  11. 2014
    Annual accounts 2014-206 k €
  12. 26/09/2012
    IncorporationPrivate limited company