What does STADSBADER do?

STADSBADER is a road construction company in Harelbeke. Public Limited, started on 1 January 1971, 2 establishments.

What is the address of STADSBADER?

The registered office of STADSBADER is located at Kanaalstraat 1, 8530 Harelbeke.

Is STADSBADER still active?

Yes. According to the CBE (29 October 2026) STADSBADER is active, legal situation “Normale toestand”, started on 1 January 1971.

Is STADSBADER registered on Peppol?

Yes, STADSBADER is registered on the Peppol network with ID 0208:0407975466.

What is the enterprise number of STADSBADER?

The enterprise number of STADSBADER is BE0407975466.

When was STADSBADER founded?

STADSBADER was founded on 1 January 1971.

Who are the directors of STADSBADER?

According to the 2025 annual accounts, the directors of STADSBADER are: DESIRE STADSBADER NV, RUMILI BV, CRESCAS BV, VALQ-M.

Is STADSBADER a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1971; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account; 2 establishments in the CBE.

How much profit did STADSBADER make in 2025?

STADSBADER posted a profit after taxes of € 27,927,602 in financial year 2025.

What is the revenue of STADSBADER?

In its most recent annual accounts (2025), STADSBADER reported revenue of € 528,883,543.

How much does an employee at STADSBADER earn?

The average wage cost per full-time employee at STADSBADER was € 80,800 in 2025: staff costs of € 60.8 million for 752.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does STADSBADER have?

According to the 2025 annual accounts, STADSBADER has 752.1 full-time equivalents (FTE).

STADSBADER (Public Limited) - Harelbeke - BE0407975466

Dossier STADSBADER, printed on 29 October 2026 from databakkes.be/en/0407975466/stadsbader. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

51 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

STADSBADER from Harelbeke, company number BE0407975466, closed financial year 2025 with a result of € 27.9 million after tax. For that financial year STADSBADER recorded revenue of € 528.9 million and equity of € 135.3 million. Compared with financial year 2024, the result moved from € 26.9 million to € 27.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.

What it is worth Growing

€ 135.3 million

▲ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 27.9 million

▲ 4% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 11 million

▼ 32% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 20 million paid out

72 % of the profit went to the shareholders, mostly to Desire Stadsbader NV (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

752.1

▼ 0.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 47.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 60.8 million

▲ 3% vs 2024

€ 80,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 8.5 million

▲ 6% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.9 million

▼ 38% vs 2024

€ 804,962 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 129.4 million

▼ 13% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 108 days on average.

Taxes and wages

€ 7.9 million

▲ 50% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 219,495,202 Revenue 2022: € 219,495,202 First fiscal year in the series	€ 451,178,857 Revenue 2023: € 451,178,857 ▲ 106% vs 2022 (€ 219,495,202) Favourable step	€ 526,595,903 Revenue 2024: € 526,595,903 ▲ 17% vs 2023 (€ 451,178,857) Favourable step	€ 528,883,543 Revenue 2025: € 528,883,543 Unchanged (€ 526,595,903) Favourable step
Profit after taxes	€ 44,549,636 Profit after taxes 2022: € 44,549,636 First fiscal year in the series	€ 20,466,894 Profit after taxes 2023: € 20,466,894 ▼ 54% vs 2022 (€ 44,549,636) Unfavourable step	€ 26,899,546 Profit after taxes 2024: € 26,899,546 ▲ 31% vs 2023 (€ 20,466,894) Favourable step	€ 27,927,602 Profit after taxes 2025: € 27,927,602 ▲ 4% vs 2024 (€ 26,899,546) Favourable step	▲ 4%
Equity	€ 119,750,893 Equity 2022: € 119,750,893 First fiscal year in the series	€ 130,017,787 Equity 2023: € 130,017,787 ▲ 9% vs 2022 (€ 119,750,893) Favourable step	€ 126,917,333 Equity 2024: € 126,917,333 ▼ 2% vs 2023 (€ 130,017,787) Unfavourable step	€ 135,309,642 Equity 2025: € 135,309,642 ▲ 7% vs 2024 (€ 126,917,333) Favourable step	▲ 7%
Total debts	€ 116,915,638 Total debts 2022: € 116,915,638 First fiscal year in the series	€ 132,340,680 Total debts 2023: € 132,340,680 ▲ 13% vs 2022 (€ 116,915,638) Unfavourable step	€ 178,210,522 Total debts 2024: € 178,210,522 ▲ 35% vs 2023 (€ 132,340,680) Unfavourable step	€ 262,831,312 Total debts 2025: € 262,831,312 ▲ 47% vs 2024 (€ 178,210,522) Unfavourable step	▲ 47%
Cash	€ 41,309,799 Cash 2022: € 41,309,799 First fiscal year in the series	€ 12,915,888 Cash 2023: € 12,915,888 ▼ 69% vs 2022 (€ 41,309,799) Unfavourable step	€ 16,131,354 Cash 2024: € 16,131,354 ▲ 25% vs 2023 (€ 12,915,888) Favourable step	€ 10,984,025 Cash 2025: € 10,984,025 ▼ 32% vs 2024 (€ 16,131,354) Unfavourable step	▼ 32%
Land & buildings	€ 10,926,724 Land & buildings 2022: € 10,926,724 First fiscal year in the series	€ 11,095,586 Land & buildings 2023: € 11,095,586 ▲ 2% vs 2022 (€ 10,926,724) Unchanged	€ 11,480,662 Land & buildings 2024: € 11,480,662 ▲ 3% vs 2023 (€ 11,095,586) Unchanged	€ 10,671,463 Land & buildings 2025: € 10,671,463 ▼ 7% vs 2024 (€ 11,480,662) Unchanged	▼ 7%
Retained profit	€ 117,750,893 Retained profit 2022: € 117,750,893 First fiscal year in the series	€ 128,017,787 Retained profit 2023: € 128,017,787 ▲ 9% vs 2022 (€ 117,750,893) Favourable step	€ 124,917,333 Retained profit 2024: € 124,917,333 ▼ 2% vs 2023 (€ 128,017,787) Unfavourable step	€ 132,844,935 Retained profit 2025: € 132,844,935 ▲ 6% vs 2024 (€ 124,917,333) Favourable step	▲ 6%
Dividend	€ 40,003,800 Dividend 2022: € 40,003,800 First fiscal year in the series	€ 10,200,000 Dividend 2023: € 10,200,000 ▼ 75% vs 2022 (€ 40,003,800) Unchanged	€ 30,000,000 Dividend 2024: € 30,000,000 ▲ 194% vs 2023 (€ 10,200,000) Unchanged	€ 20,000,000 Dividend 2025: € 20,000,000 ▼ 33% vs 2024 (€ 30,000,000) Unchanged	▼ 33%
Bank debt	€ 9,146,359 Bank debt 2022: € 9,146,359 First fiscal year in the series	€ 6,776,634 Bank debt 2023: € 6,776,634 ▼ 26% vs 2022 (€ 9,146,359) Favourable step	€ 4,763,298 Bank debt 2024: € 4,763,298 ▼ 30% vs 2023 (€ 6,776,634) Favourable step	€ 2,949,962 Bank debt 2025: € 2,949,962 ▼ 38% vs 2024 (€ 4,763,298) Favourable step	▼ 38%
Balance sheet total	€ 237,166,531 Balance sheet total 2022: € 237,166,531 First fiscal year in the series	€ 263,358,467 Balance sheet total 2023: € 263,358,467 ▲ 11% vs 2022 (€ 237,166,531) Unchanged	€ 305,127,855 Balance sheet total 2024: € 305,127,855 ▲ 16% vs 2023 (€ 263,358,467) Unchanged	€ 398,140,954 Balance sheet total 2025: € 398,140,954 ▲ 30% vs 2024 (€ 305,127,855) Unchanged	▲ 30%
Employees (FTE)	668 Employees (FTE) 2022: 668 First fiscal year in the series	719.6 Employees (FTE) 2023: 719.6 ▲ 51.6 vs 2022 (668) Unchanged	752.6 Employees (FTE) 2024: 752.6 ▲ 33 vs 2023 (719.6) Unchanged	752.1 Employees (FTE) 2025: 752.1 ▼ 0.5 vs 2024 (752.6) Unchanged	▼ 0.5

Key figures of STADSBADER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to STADSBADER?

What happened at STADSBADER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 RUMILI BV stepped down as director. NBB
2031 CRESCAS BV stepped down as director. NBB
2031 VALQ-M stepped down as director. NBB
Jul 17, 2026 New annual accounts for financial year 2025: profit of € 27.9 million (▲ 4% vs 2024). Source: NBB ↗
2025 DESIRE STADSBADER NV stepped down as director. NBB
2025 RUMILI BV became a director. NBB
2025 CRESCAS BV became a director. NBB
2025 VALQ-M became a director. NBB

In short

From € 44.5 million profit in 2022 to € 27.9 million profit in 2025.

Paid € 23.7 million in corporate taxes since 2022.

Best year ever: 2022, with € 44.5 million profit.

Paid out € 100.2 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Desire Stadsbader NV 100%

STADSBADER

GAMA 100%

RECYDEM WEST 100%

ACAP 100%

STADSBADER CONSTRUCTION 100%

The shares are held by Desire Stadsbader NV (100%). It owns 100% of GAMA , 100% of RECYDEM WEST, 100% of ACAP, 100% of STADSBADER CONSTRUCTION, 99.9% of IB-MAT and 90% of TOP-OFF itself.