ACTIVE

't Stad

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Financial year 2025 · closed on 31/12/2025

Net result

208,4 k €

+36.8% YoY

Gross margin

505,1 k €

+8.2% YoY

Equity

167 k €

+8.7% YoY

Workforce

4,1 ETP

-12.8% YoY

What does 't Stad do?

't Stad is a Private limited company incorporated in 2004. Its registered office is in Kapellen. It employs on average 4,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.898.601

Incorporation

24/08/2004

Legal form

Private limited company

Registered office

Christiaan Pallemansstraat 112
2950 Kapellen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

4,1 ETP

Joint committees (1)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Gross margin	505,1 k €	+8.2%	466,9 k €	+12.3%	415,8 k €	+55.8%	267 k €	+68.6%	158,4 k €	+84.6%	85,8 k €	-66.1%	252,8 k €	+36.3%	185,4 k €	+14.1%	162,5 k €	+24.3%	130,7 k €	-64.5%	367,8 k €	+42.1%	258,8 k €	+10.8%	233,6 k €	-31.5%	341,2 k €	+53.6%	222,2 k €	-8.8%	243,5 k €	+28.5%	189,5 k €	+13.3%	167,2 k €	+38.9%	120,4 k €
EBITDA	285,7 k €	+31.4%	217,4 k €	+11.5%	195 k €	+43.6%	135,8 k €	+101%	67,6 k €	+971%	6,3 k €	-94.1%	106,5 k €	+67.2%	63,7 k €	+34.6%	47,3 k €	+94.7%	24,3 k €	-29.2%	34,3 k €	-31.2%	49,9 k €	-25.7%	67,1 k €	-19.4%	83,3 k €	+69.3%	49,2 k €	-25.0%	65,6 k €	+23.4%	53,2 k €	+17.2%	45,4 k €	+81.3%	25 k €
Operating result	242 k €	+38.0%	175,4 k €	+13.4%	154,6 k €	+25.3%	123,4 k €	+130%	53,7 k €	+463%	-14,8 k €	-119%	77,6 k €	+131%	33,5 k €	+69.9%	19,7 k €	+725%	2,4 k €	+237%	-1,8 k €	-130%	5,8 k €	-73.2%	21,6 k €	+50.7%	14,3 k €	+37.0%	10,5 k €	-14.4%	12,2 k €	+335%	2,8 k €	-75.6%	11,5 k €	+345%	-4,7 k €
Net result	208,4 k €	+36.8%	152,3 k €	+19.5%	127,5 k €	+10.7%	115,2 k €	+130%	50 k €	+375%	-18,2 k €	-166%	27,4 k €	+59.5%	17,2 k €	+272%	4,6 k €	+601%	658,5 €	-95.2%	13,8 k €	+9518%	143,5 €	-96.8%	4,5 k €	+201%	1,5 k €	+162%	-2,4 k €	-126%	9,2 k €	+163%	-14,6 k €	-277%	8,3 k €	+216%	-7,1 k €
Balance sheet
Equity	167 k €	+8.7%	153,6 k €	+12.7%	136,3 k €	+14.7%	118,8 k €	+145%	48,5 k €	-31.2%	70,6 k €	-20.5%	88,7 k €	+44.7%	61,3 k €	+39.0%	44,1 k €	+11.7%	39,5 k €	+1.7%	38,8 k €	+55.1%	25 k €	+0.6%	24,9 k €	+22.0%	20,4 k €	+7.9%	18,9 k €	-11.3%	21,3 k €	+75.7%	12,1 k €	-48.1%	23,4 k €	+54.8%	15,1 k €
Total assets	574,3 k €	+1.2%	567,4 k €	+1.2%	560,5 k €	+4.7%	535,3 k €	+207%	174,4 k €	+10.0%	158,6 k €	+5.2%	150,8 k €	+7.2%	140,7 k €	+1.7%	138,3 k €	-11.9%	156,9 k €	-24.0%	206,4 k €	+31.9%	156,5 k €	-4.0%	163,1 k €	-24.2%	215,1 k €	-15.4%	254,4 k €	+21.4%	209,6 k €	-8.8%	229,8 k €	+59.8%	143,8 k €	-11.1%	161,8 k €
Cash	165,9 k €	+88.2%	88,2 k €	-26.7%	120,3 k €	-6.9%	129,2 k €	+22.4%	105,5 k €	+211%	34 k €	-43.7%	60,3 k €	+57.3%	38,3 k €	+50.1%	25,5 k €	-4.0%	26,6 k €	+18.5%	22,4 k €	+114%	10,5 k €	-34.0%	15,9 k €	-47.5%	30,2 k €	-19.3%	37,5 k €	+14.2%	32,8 k €	+83.3%	17,9 k €	-2.3%	18,3 k €	+37.8%	13,3 k €
Debts	407,2 k €	-1.6%	413,6 k €	-2.4%	423,8 k €	+1.7%	416,5 k €	+231%	125,9 k €	+42.9%	88,1 k €	+42.0%	62 k €	-21.8%	79,3 k €	-10.7%	88,9 k €	-23.8%	116,6 k €	-30.1%	166,9 k €	+27.4%	131 k €	-5.1%	138 k €	-29.0%	194,3 k €	-13.4%	224,5 k €	+19.6%	187,8 k €	-13.5%	217,1 k €	+80.2%	120,5 k €	-17.9%	146,7 k €
Other
Workforce	4,1 ETP	-12.8%	4,7 ETP	0.0%	4,7 ETP	+62.1%	2,9 ETP	+11.5%	2,6 ETP	-3.7%	2,7 ETP		–		–		–		–		6,4 ETP	+25.5%	5,1 ETP	+21.4%	4,2 ETP	+23.5%	3,4 ETP	-35.8%	5,3 ETP	+1.9%	5,2 ETP	+6.1%	4,9 ETP	+14.0%	4,3 ETP	+26.5%	3,4 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 31/12/2025 · 2 active · 5 ended

Active mandates

Guy Labro

Director

Active

LDD Management

Director · 0541.599.203

Represented by Ivo DE BRUYN

Active

Ended mandates

Guy Labro

Director · since 19 décembre 2023

Ended

LDD Management

Director · since 29 avril 2020 · 0541.599.203

Represented by Ivo De Bruyn

Ended

Deborah Leja

Manager · since 19 août 2004

Ended

Deborah Leja

Director · until 29 avril 2020

Ended

At this address

Other companies at this address

Company	CBE no.
Arré Patat● Active	0746.591.479
LDD Management● Active	0541.599.203
Max● Active	1038.253.950
Specials for Specials● Active	1032.347.541

Annual accounts

Full financial information

	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	14/07/2026	16/07/2025	10/07/2024	07/07/2023	05/07/2022	05/07/2021
General meeting	18/06/2026	19/06/2025	28/06/2024	30/06/2023	16/06/2022	01/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	14/07/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	01/06/2021	05/07/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	14/07/2020	Dutch	PDF
Micro model	31/12/2018	20/06/2019	08/08/2019	Dutch	PDF
Micro model	31/12/2017	21/06/2018	26/07/2018	Dutch	PDF
Micro model	31/12/2016	15/06/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	23/06/2016	Dutch	PDF
Abridged model	30/06/2014	02/12/2014	15/01/2015	Dutch	PDF
Abridged model	30/06/2013	03/12/2013	14/02/2014	Dutch	PDF
Abridged model	30/06/2012	24/12/2012	21/01/2013	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	09/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	03/06/2008	18/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	03/07/2007	Dutch	PDF

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 31/12/2025 · 2 active · 5 ended

Active mandates

Guy Labro

Director

Active

LDD Management

Director · 0541.599.203

Represented by Ivo DE BRUYN

Active

Ended mandates

Guy Labro

Director · since 19 décembre 2023

Ended

LDD Management

Director · since 29 avril 2020 · 0541.599.203

Represented by Ivo De Bruyn

Ended

Deborah Leja

Manager · since 19 août 2004

Ended

Deborah Leja

Director · until 29 avril 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/07/2015
MAATSCHAPPELIJKE ZETEL - DIVERSEN
PDF
Other11/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other01/09/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 2025208,4 k €↑
2024
Annual accounts 2024152,3 k €↑
2023
Annual accounts 2023127,5 k €↑
2023
Name change't Stad
2022
Annual accounts 2022115,2 k €↑
2021
Annual accounts 202150 k €↑
2020
Annual accounts 2020-18,2 k €↓
2019
Annual accounts 201927,4 k €↑
2018
Annual accounts 201817,2 k €↑
2017
Annual accounts 20174,6 k €↑
2016
Annual accounts 2016658,5 €↓
2015
Annual accounts 201513,8 k €↑
2014
Annual accounts 2014143,5 €↓
2013
Annual accounts 20134,5 k €↑
2012
Annual accounts 20121,5 k €↑
2010
Annual accounts 2010-2,4 k €↓
2009
Annual accounts 20099,2 k €↑
2008
Annual accounts 2008-14,6 k €↓
2007
Annual accounts 20078,3 k €↑
2006
Annual accounts 2006-7,1 k €
2006
Name changeKelleman
24/08/2004
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

't Stad

Overview

What does 't Stad do?

Trend over 19 financial years

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