ACTIVE

ASD-STAN

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Financial year 2025 · Closed on 31/12/2025

Net result-22,1 k €-760,8 %over 1 year

Gross margin222,8 k €-1,2 %over 1 year

Equity741,3 k €-2,9 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

ASD-STAN is a International non-profit organization incorporated in 2004. Its main activity is: Market research and public opinion polling. Its registered office is in Etterbeek. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0866.465.960
Incorporation: 02/07/2004
Legal form: International non-profit organization
Registered office: Rue Belliard 40
1040 Etterbeek · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 1,0 ETP

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 94110Activities of business and employers membership organisations 94110Activities of business and employers membership organisations

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	222,8 k €	-1.2%	225,4 k €	+82.7%	123,4 k €	-45.9%	228,2 k €	-14.7%	267,7 k €
EBITDA	90,6 k €	-5.9%	96,2 k €	+2476%	-4 k €	-109%	47,2 k €	+32.3%	35,6 k €
Operating result	-8 k €	-271%	-2,2 k €	+94.4%	-38,9 k €	-204%	37,5 k €	+18.7%	31,6 k €
Net result	-22,1 k €	-761%	3,3 k €	+108%	-43,9 k €	-210%	40 k €	+29.1%	31 k €
Balance sheet
Equity	741,3 k €	-2.9%	763,4 k €	+0.4%	760,1 k €	-5.5%	804 k €	+5.2%	764 k €
Total assets	847,6 k €	+7.0%	792,3 k €	-27.7%	1,1 M €	+25.1%	875,6 k €	+8.0%	810,8 k €
Cash	304,6 k €	+72.0%	177,1 k €	-60.5%	448,1 k €	-41.0%	759,6 k €	+1.9%	745,7 k €
Debts	93,3 k €	+229%	28,4 k €	-91.5%	334,6 k €	+367%	71,6 k €	+53.0%	46,8 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-47.4%	1,9 ETP	-29.6%	2,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

12 active · 24 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TEDAERepresented by Miguel Angel GARRIDO PELAZ	Directorsince 24/06/2010
GIFAS ASBLRepresented by Wladimir TERZIC	Directorsince 19/05/2015Chairman of the board of directors24/06/2010 → 2017 accountsended
Pari ALIYEVA	Personne déléguée à la gestion journalièresince 13/11/2019Mandate2023 accountsended
AIRBUS SE.Represented by Eva FAURE	Directorsince 05/06/2019
SOFF	Directorsince 07/06/2016
Giovanni DAVID	Chairman of the board of directorssince 05/06/2018
AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPE0456.592.559Represented by Jan PIE	Directorsince 07/06/2016
Stéphane LAUMOND	Autre fonctionsince 07/06/2016
ADSRepresented by Brian Dean ROGERS	Directorsince 19/05/2015
AIADRepresented by Piero VISCONTI	Directorsince 19/05/2015
EASARepresented by Eric DUVIVIER	Directorsince 19/05/2015
Deutsches Institut fur Normung e.v. (DIN) SARepresented by Heinrich HACKMANN	Directorsince 09/06/2008Vice-chairman of the board of directors24/06/2010 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Deutsches Institut fur Normung e.v. (DIN)Represented by Jan DITTBERNER	Director12/06/2013 → 2018 accounts
GIFASRepresented by Séverin DROGOUL	Director19/05/2015 → 2018 accounts

Other companies at this address

Rue Belliard 40 1040 Etterbeek

Company	CBE no.
AECC● Active	0541.243.964
AED GVBF 1● Active	1003.556.060
AED GVBF 10● Active	1003.554.971
AED GVBF 2● Active	1003.556.654
AED GVBF 3● Active	1003.557.347
AED GVBF 4● Active	1003.557.644
AED GVBF 5● Active	1003.552.201
AED GVBF 6● Active	1003.553.090
AED GVBF 7● Active	1003.553.684
AED GVBF 8● Active	1003.554.377
AED GVBF 9● Active	1003.554.674
AEDIFICA● Active	0877.248.501
AEDIFICA INVEST● Active	0879.109.317
Agricultural Crops Licensing Platform● Active	0800.817.746
AI, Data and Robotics Association● Active	0768.619.684
Airlines International Representation in Europe● Active	0424.052.821
Ambassade du Commonwealth des Bahamas● Active	0725.846.941
A.SPIRE● Active	0848.414.953
ASSOCIATION EUROPEENNE DU CHARBON ET DU LIGNITE● Active	0408.290.816
Association mondiale des Guides et des Eclaireuses (Europe)-World Association of Girls Guides and Girl Scouts (Europe)-Associacion Mundiale de las Guias Scouts● Active	0457.323.425

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	31/07/2026	31/07/2025	30/07/2024	03/07/2023	24/06/2022	19/07/2021
General meeting	11/06/2026	17/06/2025	05/06/2024	20/06/2023	21/06/2022	08/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/06/2026	31/07/2026	French	PDF
Abridged model	31/12/2024	17/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	05/06/2024	30/07/2024	French	PDF
Abridged model	31/12/2022	20/06/2023	03/07/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	24/06/2022	French	PDF
Abridged model	31/12/2020	08/06/2021	19/07/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	23/07/2020	French	PDF
Abridged model	31/12/2018	05/06/2019	19/08/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	23/08/2018	French	PDF
Abridged model	31/12/2016	20/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	07/06/2016	18/08/2016	French	PDF
Abridged model	31/12/2014	19/05/2015	23/07/2015	French	PDF
Abridged model	31/12/2013	12/06/2014	20/08/2014	French	PDF
Abridged model	31/12/2012	12/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	23/08/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	24/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	10/06/2009	13/08/2009	French	PDF
Abridged model	31/12/2007	09/06/2008	07/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	04/09/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

12 active · 24 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TEDAERepresented by Miguel Angel GARRIDO PELAZ	Directorsince 24/06/2010
GIFAS ASBLRepresented by Wladimir TERZIC	Directorsince 19/05/2015Chairman of the board of directors24/06/2010 → 2017 accountsended
Pari ALIYEVA	Personne déléguée à la gestion journalièresince 13/11/2019Mandate2023 accountsended
AIRBUS SE.Represented by Eva FAURE	Directorsince 05/06/2019
SOFF	Directorsince 07/06/2016
Giovanni DAVID	Chairman of the board of directorssince 05/06/2018
AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPE0456.592.559Represented by Jan PIE	Directorsince 07/06/2016
Stéphane LAUMOND	Autre fonctionsince 07/06/2016
ADSRepresented by Brian Dean ROGERS	Directorsince 19/05/2015
AIADRepresented by Piero VISCONTI	Directorsince 19/05/2015
EASARepresented by Eric DUVIVIER	Directorsince 19/05/2015
Deutsches Institut fur Normung e.v. (DIN) SARepresented by Heinrich HACKMANN	Directorsince 09/06/2008Vice-chairman of the board of directors24/06/2010 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Deutsches Institut fur Normung e.v. (DIN)Represented by Jan DITTBERNER	Director12/06/2013 → 2018 accounts
GIFASRepresented by Séverin DROGOUL	Director19/05/2015 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other09/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/01/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office25/02/2022
SIEGE SOCIAL
PDF
Mandates06/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2020
DEMISSIONS, NOMINATIONS
PDF
Other29/04/2019
DIVERS
PDF
Mandates14/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2016
Modifications du Conseil d'Administration - Nominations et Démissions-
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

Filings19 filings

Mandates

TEDAE

GIFAS ASBL

Pari ALIYEVA

AIRBUS SE.

SOFF

Giovanni DAVID

AEROSPACE, SECURITY AND DEFENCE INDUSTRIES ASSOCIATION OF EUROPE

Stéphane LAUMOND

ADS

AIAD

EASA

Deutsches Institut fur Normung e.v. (DIN) SA

Show the 24 other mandates

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

ASD-STAN

Rue Belliard 40, 1040 Etterbeek

Director

DirectorChairman of the board of directors

Personne déléguée à la gestion journalière

Director

Chairman of the board of directors

Director

Autre fonction

Director

DirectorVice-chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Belliard 40, 1040 EtterbeekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00366940

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ASD-STANCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00366940

Events

2025
Annual accounts 2025-22,1 k €↓
2024
Annual accounts 20243,3 k €↑
2023
Annual accounts 2023-43,9 k €↓
2022
Annual accounts 202240 k €↑
2021
Annual accounts 202131 k €↓
2020
Annual accounts 2020104,9 k €↓
2019
Annual accounts 2019131,2 k €↑
2018
Annual accounts 201810,5 k €↓
2017
Annual accounts 201724,8 k €↓
2016
Annual accounts 201694 k €↑
2015
Annual accounts 2015-57,7 k €↓
2014
Annual accounts 2014-17,5 k €↓
2013
Annual accounts 201332,5 k €↑
2012
Annual accounts 2012-26,2 k €↑
2011
Annual accounts 2011-49,2 k €↓
2010
Annual accounts 20102 k €↑
2009
Annual accounts 2009-200,9 k €↓
2008
Annual accounts 200884,3 k €↓
2007
Annual accounts 2007110,5 k €
02/07/2004
IncorporationInternational non-profit organization

ASD-STAN

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