Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
ST Engineering iDirect (Europe) from Sint-Niklaas, company number BE0890037158, closed financial year 2025 with a result of € -54.6 million after tax. Compared with financial year 2024, the result moved from € -426,438 to € -54.6 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.
€ 31.8 million
▲ 108% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54.6 million
▼ 12701 % more loss than in 2024
Profit after tax over the fiscal year.
€ 12,407
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -56.8 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -155,161 | € -504,232 | € -426,438 | € -54,589,679 | ▼ € 54.2 million |
| Equity | € 16,247,052 | € 15,742,820 | € 15,316,382 | € 31,826,703 | ▲ 108% |
| Total debts | € 11,428,876 | € 11,923,366 | € 12,346,385 | € 4,974 | ▼ € 12.3 million |
| Cash | € 75,377 | € 65,635 | € 62,216 | € 12,407 | ▼ 80% |
| Retained profit | € -1,317,489 | € -1,821,721 | € -2,248,159 | € -56,837,838 | ▼ € 54.6 million |
| Balance sheet total | € 27,675,928 | € 27,666,186 | € 27,662,767 | € 31,831,677 | ▲ 15% |
Key figures of ST Engineering iDirect (Europe), 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 ST Engineering iDirect (Europe)?
What happened at ST Engineering iDirect (Europe) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sridhar Kuppanna stepped down as director. NBB
- Sophie LOH ZI Mi stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 54.6 million. Source: NBB ↗
- Don Claussen stepped down as director. NBB
- Sridhar Kuppanna became a director. NBB
- Sophie LOH ZI Mi became a director. NBB
- Don Claussen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 155,161 loss in 2022 to € 54.6 million loss in 2025.
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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 ST Engineering RHQ Ltd. (100%). It owns 100% of ST Engineering iDirect (europe) CY itself.
Directors
According to the 2025 annual accounts
Don Claussen
Director
since 2023 · until 2026
since 2023 · until 2029
since 2026 · until 2032
Shareholders
ST Engineering RHQ Ltd.
100%
Participations
Establishments
Establishment units
Physical locations of this company
Laarstraat 5
9100 Sint-Niklaas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.037.158
- VAT number
- BE 0890.037.158
- Registered office
- Laarstraat 5, 9100 Sint-Niklaas
- Names & denominations
- ST Engineering iDirect (Europe)
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 2007
- Peppol
- Active · Active since 28 Nov 2025