Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
52 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
STADSBADER CONTRACTORS from Brussel, company number BE0452702265, closed financial year 2025 with a result of € 14.5 million after tax. For that financial year STADSBADER CONTRACTORS recorded revenue of € 393.6 million and equity of € 56 million. Compared with financial year 2024, the result moved from € 12.9 million to € 14.5 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 May 22, 2026.
€ 56 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14.5 million
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 13.1 million
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 12 million paid out
83 % 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
452.2
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 39.7 million
▲ 6% vs 2024
€ 87,800 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.
€ 4.6 million
▲ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 120.5 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 190 days on average.
€ 11.5 million
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 138,375,356 | € 167,210,171 | € 112,425,530 | € 393,634,472 | ▲ 250% |
| Profit after taxes | € 8,297,367 | € 11,621,956 | € 12,946,749 | € 14,476,148 | ▲ 12% |
| Equity | € 47,619,717 | € 49,595,358 | € 53,542,107 | € 56,018,255 | ▲ 5% |
| Total debts | € 117,223,700 | € 156,796,174 | € 169,340,359 | € 168,038,070 | ▼ 1% |
| Cash | € 71,171,360 | € 43,579,085 | € 28,252,889 | € 13,131,668 | ▼ 54% |
| Land & buildings | € 2,096,544 | € 1,944,955 | € 1,731,054 | € 1,489,062 | ▼ 14% |
| Retained profit | € 4,239,990 | € 6,215,631 | € 10,162,380 | € 12,638,528 | ▲ 24% |
| Dividend | € 0 | € 9,646,315 | € 9,000,000 | € 12,000,000 | ▲ 33% |
| Balance sheet total | € 165,185,238 | € 206,733,352 | € 223,224,287 | € 224,398,145 | ▲ 1% |
| Employees (FTE) | 434.5 | 426.9 | 453.9 | 452.2 | ▼ 1.7 |
Key figures of STADSBADER CONTRACTORS, 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 CONTRACTORS?
What happened at STADSBADER CONTRACTORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VALQ-M stepped down as director. NBB
- Lo-Consult BV stepped down as director. NBB
- DRI-vox BV stepped down as director. NBB
- Crescas BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 14.5 million (▲ 12% vs 2024). Source: NBB ↗
- Desire Stadsbader NV stepped down as director. NBB
- VALQ-M became a director. NBB
- Lo-Consult BV became a director. NBB
In short
From € 8.3 million profit in 2022 to € 14.5 million profit in 2025.
Paid € 13.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 14.5 million profit.
Paid out € 30.6 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Desire Stadsbader NV (100%). It owns 100% of Vinasphalt itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Jan FOLENS
Also active at: BUREAU DE CONTROLE TECHNIQUE POUR LA CONSTRUCTION, BV Asphalt, Stadsbader Rail, SECO BELGIUM
since 2024 · until 2030
Chairman of the board · represented by Dominique Valcke
Also active at: VAN MAERCKE PREFAB, Bouw Georges Tanghe, STADSBADER, BV Asphalt, STV - TRANS, STADSBADER ROUTE, Stadsbader Rail, VASTGOED INVEST +14 more
since 2024 · until 2025
Director · represented by Ivo De Ridder
since 2024 · until 2030
Director · represented by Anthony Casteels
Also active at: STADSBADER, DECKX ELEKTRO MECHANICA, DESIRE STADSBADER, DECKX ALGEMENE ONDERNEMINGEN
since 2024 · until 2030
Chairman of the board · represented by Dominique Valcke
Also active at: STADSBADER, DESIRE STADSBADER, PANTHEON, VALQ, Betonco, BRAVO-4 MTC, Stadsbader Invest
since 2025 · until 2031
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Antoon van Osslaan 1 box 2
1120 Brussel
Begoniastraat 30 box C
9810 Nazareth-De Pinte
Active since 1 May 2006
Lichtenberglaan 2095
3800 Sint-Truiden
Active since 1 July 2015
Europark 2027
3530 Houthalen-Helchteren
Active since 1 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 52 companies are registered at this address.
All companies at this address →Miroiterie du Nord - Fabrique de Miroirs
€ 624,727 gross margin · 2024
Scania Belgium
€ 286 million revenue · 2025
Institut Belge de la Soudure - Belgisch Instituut voor Lastechniek
€ 552,151 gross margin · 2025
TRATON Financial Services Belgium
€ 16.1 million revenue · 2025
CENTRE DE PERFECTIONNEMENT DE SOUDEURS
€ 1.7 million gross margin · 2025
+47 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.702.265
- VAT number
- BE 0452.702.265
- Registered office
- Antoon van Osslaan 1 bus 2, 1120 Brussel
- Names & denominations
- STADSBADER CONTRACTORS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1994
- Peppol
- Active · Active since 26 Feb 2025
- Activities · NACE
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