Financials
Financial year 2025
Worth noting
- A loss two years in a row.
- The team shrank two years in a row.
Revenue
€ 50.4 million
▼ 41% vs 2024
Profit
Caution€ -47 million
▼ 723% vs 2024
Debts
Low€ 43.6 million
▼ 64% vs 2024
ST Engineering iDirect (Europe) CY from Sint-Niklaas, company number BE0426702802, closed financial year 2025 with a result of € -47 million after tax. For that financial year ST Engineering iDirect (Europe) CY recorded revenue of € 50.4 million and equity of € 31.8 million. Compared with financial year 2024, the result moved from € -5.7 million to € -47 million. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
What happened at ST Engineering iDirect (Europe) CY?
What happened at ST Engineering iDirect (Europe) CY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sridhar Kuppanna stepped down as director. NBB
- Koenraad Coeman stepped down as director. NBB
- Sophie Loh Zi Mi stepped down as director. NBB
- Fremac BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 47 million. Source: NBB ↗
- PwC Bedrijfsrevisoren BV (B 00009) stepped down as director. NBB
- Don Claussen stepped down as director. NBB
- Sridhar Kuppanna became a director. NBB
In short
From € 4 million profit in 2021 to € 47 million loss in 2025.
Paid € 714,347 in corporate taxes since 2021.
Best year ever: 2021, with € 4 million profit.
Pays suppliers within 145 days on average.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
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Management
The shares are held by St Engineering iDirect (Europe) NV (100%). It owns 100% of Newtec Satcom s.à.r.l., 100% of Newtec America Inc., 100% of TurboConcept SARL, 100% of Sarl Newtec, 100% of Newtec Communications GmbH and 89.5% of Newtec América do Sul Equipamentos e Soluçoes por Satélite Ltda itself.
Directors
According to the 2025 annual accounts
PwC Bedrijfsrevisoren BV (B 00009)
Registered auditor · represented by Kathleen (A02566) Verlinden
Also active at: Vacances Soralia -Territoire de Liège - Réseau Solidaris, JEUNESSE ET CULTURE-RESEAU SOLIDARIS, S.A. ISTA N.V. +10 more
since 2023 · until 2026
Jo De Loor
Director
since 2022 · until 2025
Koenraad Coeman
Director
since 2026 · until 2032
since 2023 · until 2029
Don Claussen
Director
since 2023 · until 2026
Director · represented by Frédéric Vandingenen
since 2020 · until 2026
since 2026 · until 2032
Shareholders
Participations
Newtec Satcom s.à.r.l.
100%
Newtec America Inc.
100%
TurboConcept SARL
100%
Sarl Newtec
100%
Newtec Communications GmbH
100%
Newtec América do Sul Equipamentos e Soluçoes por Satélite Ltda
89.5%
Establishments
Establishment units
Physical locations of this company
Laarstraat 5
9100 Sint-Niklaas
Joseph Cardijnstraat 10
9420 Erpe-Mere
Active since 29 February 2008
Hoogkamerstraat 42
9100 Sint-Niklaas
Active since 21 January 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Domain
Domain
idirect.net
Registered
1995-04-12
Registrar
Gandi SAS
Expires
2028-04-13
Website info
Features
Security
Network
Details
- Company number
- 0426.702.802
- VAT number
- BE 0426.702.802
- Registered office
- Laarstraat 5, 9100 Sint-Niklaas
- Names & denominations
- ST Engineering iDirect (Europe) CY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 January 1985
- Peppol
- Active · Active since 14 Nov 2025
- Contact
- idirect.net 866.345.0983
- Activities · NACE
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