ACTIVE

Bayer

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Financial year 2025 · closed on 31/12/2025

Net result

3,4 M €

-99.6% YoY

Revenue

175,2 M €

-23.8% YoY

Equity

5,5 Md €

+0.1% YoY

Workforce

153,9 ETP

-9.1% YoY

What does Bayer do?

Bayer is a Public limited company incorporated in 1961. Its main activity is: Manufacture of other organic basic chemicals. Its registered office is in Machelen (Brab.). It employs on average 153,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0404.754.571

Incorporation

20/07/1961

Legal form

Public limited company

Registered office

Kouterveldstraat 7A box 301
1831 Machelen (Brab.) · FlandreSee on map

Contributed capital

952 568 680,75 €

Latest accounts

31/12/2025

Average workforce

153,9 ETP

Activities (NACE)

20140Manufacture of other organic basic chemicals· main 20140Manufacture of other organic basic chemicals 24140Manufacture of basic iron and steel and of ferro-alloys 46460Wholesale of pharmaceutical goods 46460Wholesale of pharmaceutical goods 46751Wholesale of chemical products+1

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	175,2 M €	-23.8%	230 M €	-1.1%	232,4 M €	+5.9%	219,5 M €	+6.2%	206,6 M €	-1.3%	209,4 M €	-4.2%	218,6 M €	+1.2%	216 M €	-0.9%	217,9 M €		–		1,1 Md €	+3.1%	1,1 Md €	-0.5%	1,1 Md €	+12.3%	993,4 M €	+6.3%	934,5 M €	+21.5%	769 M €	-22.8%	996,7 M €	-4.0%	1 Md €	+6.9%	971,1 M €
EBITDA	12,2 M €	+15.2%	10,6 M €	+1947%	518,6 k €	-96.3%	14,2 M €	+6.0%	13,4 M €	-24.1%	17,6 M €	+45.8%	12,1 M €	-2.1%	12,4 M €	+35.9%	9,1 M €	+510%	-2,2 M €	-102%	105,4 M €	+4.9%	100,4 M €	+8.9%	92,2 M €	+4.0%	88,7 M €	+4.6%	84,8 M €	-18.7%	104,3 M €	+24.9%	83,5 M €	-3.2%	86,2 M €	-10.2%	96,1 M €
Operating result	5,8 M €	-35.5%	8,9 M €	-15.7%	10,6 M €	+64.2%	6,4 M €	-39.1%	10,6 M €	-36.4%	16,6 M €	+52.3%	10,9 M €	-3.7%	11,3 M €	+42.7%	7,9 M €	+459%	-2,2 M €	-103%	67,3 M €	-7.1%	72,5 M €	+22.6%	59,1 M €	+7.6%	54,9 M €	+10.2%	49,8 M €	+15.5%	43,2 M €	+72.9%	25 M €	-25.0%	33,3 M €	-22.7%	43 M €
Net result	3,4 M €	-99.6%	893,2 M €	+13697%	6,5 M €	+20.2%	5,4 M €	-20.6%	6,8 M €	-39.1%	11,1 M €	-48.3%	21,6 M €	-73.0%	79,8 M €	-27.5%	110 M €	-81.2%	585,2 M €	+98.4%	295 M €	+14.1%	258,6 M €	-9.7%	286,3 M €	+17.3%	244 M €	+46.7%	166,3 M €	-10.9%	186,6 M €	-2.0%	190,4 M €	+17.7%	161,7 M €	+20.2%	134,5 M €
Balance sheet
Equity	5,5 Md €	+0.1%	5,5 Md €	-53.0%	11,8 Md €	+0.1%	11,8 Md €	+0.0%	11,8 Md €	-1.0%	11,9 Md €	+0.1%	11,9 Md €	+0.2%	11,9 Md €	+0.7%	11,8 Md €	+3.0%	11,4 Md €	+5.4%	10,8 Md €	+26.8%	8,5 Md €	+3.1%	8,3 Md €	+3.6%	8 Md €	+86.7%	4,3 Md €	+4.0%	4,1 Md €	+4.7%	3,9 Md €	+5.1%	3,7 Md €	+4.5%	3,6 Md €
Total assets	5,6 Md €	-0.3%	5,6 Md €	-53.0%	11,9 Md €	+0.1%	11,8 Md €	-0.8%	11,9 Md €	+0.1%	11,9 Md €	+0.2%	11,9 Md €	-0.9%	12 Md €	+0.8%	11,9 Md €	-3.1%	12,3 Md €	-12.1%	14 Md €	+56.2%	9 Md €	+4.4%	8,6 Md €	+2.6%	8,4 Md €	+82.8%	4,6 Md €	+3.2%	4,4 Md €	-14.6%	5,2 Md €	+32.2%	3,9 Md €	+3.8%	3,8 Md €
Cash	–		–		–		–		–		5 k €	-21.5%	6,4 k €	-90.2%	65,1 k €	-14.5%	76,1 k €	-75.5%	311 k €	+114%	145,1 k €	-77.3%	639,9 k €	+40.3%	456,1 k €	+912%	45,1 k €	+117%	20,8 k €	+11.8%	18,6 k €	-33.9%	28,1 k €	+61.5%	17,4 k €	-10.9%	19,5 k €
Debts	22,5 M €	-47.8%	43,1 M €	-47.5%	82,1 M €	+23.1%	66,6 M €	-63.5%	182,7 M €	+320%	43,5 M €	+15.0%	37,9 M €	-75.7%	156,1 M €	+22.5%	127,5 M €	-85.4%	870,2 M €	-72.1%	3,1 Md €	+707%	386,2 M €	+47.1%	262,6 M €	-21.0%	332,5 M €	+28.1%	259,7 M €	-3.9%	270,1 M €	-77.8%	1,2 Md €	+829%	130,9 M €	-16.5%	156,7 M €
Other
Workforce	153,9 ETP	-9.1%	169,3 ETP	-7.6%	183,2 ETP	-14.8%	214,9 ETP	-5.0%	226,2 ETP	-5.0%	238,1 ETP	-6.2%	253,8 ETP	-3.9%	264,1 ETP	-0.6%	265,8 ETP	+5807%	4,5 ETP	-99.4%	794,3 ETP	-1.0%	802,6 ETP	-1.0%	810,7 ETP	-0.3%	813,4 ETP	+1.9%	798,4 ETP	-2.4%	818,0 ETP	-5.5%	865,4 ETP	-3.8%	899,3 ETP	-2.7%	924,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 36 ended

Active mandates

Tom Van Asbroeck

Managing director · since 16 juin 2025 · until 06 juin 2031

Active

Niels Hessmann

Managing director · since 01 juillet 2024 · until 01 juin 2029

Active

Patrick Lennaerts

Director · since 02 juin 2023 · until 16 juin 2025

Active

Ended mandates

Patrick Lennaerts

Director · since 02 juin 2023 · until 08 juin 2029

Ended

Natasja Mooij

Director · since 01 octobre 2020 · until 01 juillet 2024

Ended

Natasja Mooij

Director · since 01 octobre 2020 · until 06 juin 2025

Ended

Natasja Mooij

Director · since 01 septembre 2020 · until 06 juin 2025

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m121-f-p
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	24/06/2026	16/06/2025	12/02/2025	06/06/2023	09/06/2022	11/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	27/04/2021
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

29 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	24/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	16/06/2025	Dutch	PDF
m121-f-p	31/12/2024	25/04/2025	18/06/2025	German	PDF
Full modelCorrection	31/12/2023	07/06/2024	12/02/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	10/06/2024	Dutch	PDF
m121-f-p	31/12/2023	26/04/2024	21/06/2024	German	PDF
Full model	31/12/2022	02/06/2023	06/06/2023	Dutch	PDF
m121-f-p	31/12/2022	28/04/2023	06/06/2023	German	PDF
Full model	31/12/2021	03/06/2022	09/06/2022	Dutch	PDF
m121-f-p	31/12/2021	29/04/2022	10/06/2022	German	PDF
Full model	31/12/2020	04/06/2021	10/06/2021	Dutch	PDF
m121-f-p	31/12/2020	27/04/2021	11/06/2021	German	PDF
Full model	31/12/2019	05/06/2020	24/06/2020	Dutch	PDF
m121-f-p	31/12/2019	28/04/2020	24/06/2020	German	PDF
Full model	31/12/2018	07/06/2019	13/06/2019	Dutch	PDF
m121-f-p	31/12/2018	01/01/9999	13/06/2019	German	PDF
Full model	31/12/2017	01/06/2018	11/06/2018	Dutch	PDF
m121-f-p	31/12/2017	25/05/2018	15/06/2018	German	PDF
Full model	31/12/2016	02/06/2017	07/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	08/06/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	12/06/2015	Dutch	PDF
Full model	31/12/2013	06/06/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	27/05/2013	20/06/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	14/06/2012	Dutch	PDF

View all 29 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 3 active · 36 ended

Active mandates

Tom Van Asbroeck

Managing director · since 16 juin 2025 · until 06 juin 2031

Active

Niels Hessmann

Managing director · since 01 juillet 2024 · until 01 juin 2029

Active

Patrick Lennaerts

Director · since 02 juin 2023 · until 16 juin 2025

Active

Ended mandates

Patrick Lennaerts

Director · since 02 juin 2023 · until 08 juin 2029

Ended

Natasja Mooij

Director · since 01 octobre 2020 · until 01 juillet 2024

Ended

Natasja Mooij

Director · since 01 octobre 2020 · until 06 juin 2025

Ended

Natasja Mooij

Director · since 01 septembre 2020 · until 06 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2026
Herbenoeming Mandaat Commissaris
PDF
Mandates12/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Registered office19/06/2024
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares31/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Registered office23/05/2024
ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
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 20253,4 M €↓
16/06/2025
nominationTom Van Asbroeck — Bestuurder en Gedelegeerd Bestuurder
2024
Annual accounts 2024893,2 M €↑
10/07/2024
reduction_capital
01/07/2024
nominationNiels Hessmann — Bestuurder
01/07/2024
nominationPatrick Lennaerts — Gedelegeerd bestuurder
29/05/2024
reduction_capital
2023
Annual accounts 20236,5 M €↑
03/06/2023
reconductionDeloitte Bedrijfsrevisoren CVBA — Commissaris
2022
Annual accounts 20225,4 M €↓
2021
Annual accounts 20216,8 M €↓
2020
Annual accounts 202011,1 M €↓
2019
Annual accounts 201921,6 M €↓
2018
Annual accounts 201879,8 M €↓
2017
Annual accounts 2017110 M €↓
2017
Name changeBayer S.A.-N.V.
2015
Annual accounts 2015585,2 M €↑
2014
Annual accounts 2014295 M €↑
2013
Annual accounts 2013258,6 M €↓
2012
Annual accounts 2012286,3 M €↑
2011
Annual accounts 2011244 M €↑
2010
Annual accounts 2010166,3 M €↓
2009
Annual accounts 2009186,6 M €↓
2008
Annual accounts 2008190,4 M €↑
2007
Annual accounts 2007161,7 M €↑
2006
Annual accounts 2006134,5 M €
2006
Name changeBayer Antwerpen
20/07/1961
IncorporationPublic 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

Bayer

Overview

What does Bayer 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