ACTIVE

Bahlsen

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Financial year 2025 · closed on 31/12/2025

Net result

213,9 k €

-26.4% YoY

Gross margin

1,2 M €

+1.0% YoY

Equity

1,4 M €

-0.7% YoY

Workforce

5,0 ETP

-7.4% YoY

What does Bahlsen do?

Bahlsen is a Limited partnership incorporated in 1969. Its main activity is: Wholesale of sugar and chocolate and sugar confectionery. Its registered office is in Vilvoorde. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.854.622

Incorporation

02/09/1969

Legal form

Limited partnership

Registered office

Medialaan 32 box 3
1800 Vilvoorde · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

5,0 ETP

Activities (NACE)

46360Wholesale of sugar and chocolate and sugar confectionery· main 46360Wholesale of sugar and chocolate and sugar confectionery 51360Air transport

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	+1.0%	1,1 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	421,9 k €	-22.0%	540,8 k €	+6.0%	510 k €	-17.8%	620,8 k €	+29.1%	481 k €	-79.3%	2,3 M €	+115%	1,1 M €	+108%	520,9 k €	-49.1%	1 M €	-8.2%	1,1 M €	+37.9%	809 k €	+13.6%	711,9 k €	+24.8%	570,4 k €	-36.4%	897 k €	-7.2%	966,7 k €	+3.7%	932 k €	-16.1%	1,1 M €	+16.8%	951,2 k €	-25.0%	1,3 M €	+69.3%	749,3 k €
Operating result	432,4 k €	-17.1%	521,4 k €	+7.2%	486,3 k €	-18.7%	598,4 k €	+30.3%	459,2 k €	-80.1%	2,3 M €	+105%	1,1 M €	+124%	502,7 k €	-50.8%	1 M €	-8.4%	1,1 M €	+38.1%	807,1 k €	+14.3%	706 k €	+25.3%	563,4 k €	-36.8%	891,3 k €	-7.5%	963,9 k €	+3.7%	929,4 k €	-15.8%	1,1 M €	+17.0%	943,5 k €	-25.2%	1,3 M €	+70.4%	740 k €
Net result	213,9 k €	-26.4%	290,7 k €	+15.5%	251,8 k €	-15.6%	298,2 k €	+57.7%	189,1 k €	-87.7%	1,5 M €	+149%	619,3 k €	+214%	197,5 k €	-62.8%	530,8 k €	-9.8%	588,5 k €	+46.7%	401,1 k €	+17.2%	342,1 k €	+43.9%	237,7 k €	-49.5%	470,2 k €	-12.4%	536,8 k €	+5.3%	509,7 k €	-21.5%	649,3 k €	+33.5%	486,5 k €	-37.0%	772,6 k €	+84.4%	419,1 k €
Balance sheet
Equity	1,4 M €	-0.7%	1,4 M €	-4.2%	1,5 M €	-3.3%	1,6 M €	-0.3%	1,6 M €	-0.9%	1,6 M €	+87.8%	838,9 k €	-17.6%	1 M €	-19.6%	1,3 M €	-3.6%	1,3 M €	+46.1%	900 k €	+79.3%	501,9 k €	-0.4%	503,9 k €	+1.4%	497,1 k €	-0.2%	497,8 k €	+1.3%	491,6 k €	+1.4%	484,9 k €	-0.3%	486,3 k €	-19.0%	600,4 k €	+3.8%	578,6 k €
Total assets	3 M €	+7.0%	2,8 M €	-20.7%	3,5 M €	-11.0%	4 M €	-3.0%	4,1 M €	-26.7%	5,6 M €	+23.1%	4,5 M €	+1.5%	4,5 M €	-18.3%	5,5 M €	+12.6%	4,9 M €	+15.0%	4,2 M €	+8.2%	3,9 M €	+9.0%	3,6 M €	-1.5%	3,6 M €	+8.9%	3,3 M €	-4.6%	3,5 M €	-6.5%	3,7 M €	+17.4%	3,2 M €	-8.2%	3,5 M €	-5.8%	3,7 M €
Cash	145,4 k €	+247%	41,9 k €	-36.3%	65,8 k €	+46.9%	44,8 k €	-91.6%	531,3 k €	+183%	187,6 k €	+179%	67,1 k €	-21.2%	85,3 k €	+1.6%	84 k €	-54.2%	183,2 k €	+251%	52,2 k €	-14.0%	60,7 k €	+66.9%	36,4 k €	+112%	17,2 k €	-0.0%	17,2 k €	-83.8%	105,9 k €	-62.0%	278,7 k €	-42.0%	480,3 k €	+45.6%	329,9 k €	+26.0%	261,7 k €
Debts	1,5 M €	+19.0%	1,3 M €	-33.9%	1,9 M €	-17.0%	2,3 M €	-5.0%	2,5 M €	-37.5%	3,9 M €	+8.5%	3,6 M €	+7.4%	3,4 M €	-18.0%	4,1 M €	+18.4%	3,5 M €	+10.9%	3,1 M €	-5.9%	3,3 M €	+12.2%	3 M €	-2.1%	3 M €	+11.0%	2,7 M €	-4.2%	2,9 M €	-9.5%	3,2 M €	+23.9%	2,6 M €	-8.5%	2,8 M €	-7.8%	3 M €
Other
Workforce	5,0 ETP	-7.4%	5,4 ETP	-36.5%	8,5 ETP	-1.2%	8,6 ETP	-21.8%	11,0 ETP	-11.3%	12,4 ETP	-6.8%	13,3 ETP	-2.9%	13,7 ETP	+8.7%	12,6 ETP	+11.5%	11,3 ETP	-2.6%	11,6 ETP	-7.9%	12,6 ETP	0.0%	12,6 ETP	-1.6%	12,8 ETP	0.0%	12,8 ETP	+1.6%	12,6 ETP	-1.6%	12,8 ETP	+0.8%	12,7 ETP	+3.3%	12,3 ETP	-12.1%	14,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

BAHLSEN MANAGEMENT

Manager · since 31 décembre 2010 · 0831.259.910

Represented by Kris Snackaert

Active

Ended mandates

BAHLSEN MANAGEMENT

Manager · since 31 décembre 2010 · 0831.259.910

Represented by Alexander Konecny

Ended

Bernd W.H. Korte

Director · since 28 mai 2010 · until 31 décembre 2010

Ended

Werner Michael Bahlsen

Director · since 28 mai 2010 · until 31 décembre 2010

Ended

Bernd W.H. Korte

Director · since 28 mai 2004 · until 28 mai 2010

Ended

At this address

Other companies at this address

Company	CBE no.
BAHLSEN MANAGEMENT● Active	0831.259.910
CED BELGIUM● Active	0703.921.971
CED Claims Management● Active	0442.888.241
CED DETECTIVES● Active	1023.987.626
heta● Active	0759.612.839

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
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	25/06/2026	04/06/2025	04/07/2024	17/07/2023	12/07/2022	12/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	04/06/2025	Dutch	PDF
Full model	31/12/2023	31/05/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	26/05/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	27/05/2022	12/07/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	12/07/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	25/06/2020	Dutch	PDF
Full modelCorrection	31/12/2018	31/05/2019	18/11/2019	Dutch	PDF
Full model	31/12/2018	31/05/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	25/05/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	26/05/2017	20/06/2017	Dutch	PDF
Full model	31/12/2015	27/05/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	29/05/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	30/05/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	25/05/2012	26/06/2012	Dutch	PDF
Full model	31/12/2010	27/05/2011	17/06/2011	Dutch	PDF
Full model	31/12/2009	28/05/2010	09/06/2010	Dutch	PDF
Full model	31/12/2008	29/05/2009	24/06/2009	Dutch	PDF
Full model	31/12/2007	30/05/2008	13/06/2008	Dutch	PDF
Full model	31/12/2006	25/05/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 5 ended

Active mandates

BAHLSEN MANAGEMENT

Manager · since 31 décembre 2010 · 0831.259.910

Represented by Kris Snackaert

Active

Ended mandates

BAHLSEN MANAGEMENT

Manager · since 31 décembre 2010 · 0831.259.910

Represented by Alexander Konecny

Ended

Bernd W.H. Korte

Director · since 28 mai 2010 · until 31 décembre 2010

Ended

Werner Michael Bahlsen

Director · since 28 mai 2010 · until 31 décembre 2010

Ended

Bernd W.H. Korte

Director · since 28 mai 2004 · until 28 mai 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other07/06/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates27/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2019
ONTSLAGEN - BENOEMINGEN
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 2025213,9 k €↓
2024
Annual accounts 2024290,7 k €↑
2023
Annual accounts 2023251,8 k €↓
2022
Annual accounts 2022298,2 k €↑
2021
Annual accounts 2021189,1 k €↓
2020
Annual accounts 20201,5 M €↑
2019
Annual accounts 2019619,3 k €↑
2018
Annual accounts 2018197,5 k €↓
2017
Annual accounts 2017530,8 k €↓
2016
Annual accounts 2016588,5 k €↑
2015
Annual accounts 2015401,1 k €↑
2014
Annual accounts 2014342,1 k €↑
2013
Annual accounts 2013237,7 k €↓
2012
Annual accounts 2012470,2 k €↓
2011
Annual accounts 2011536,8 k €↑
2010
Annual accounts 2010509,7 k €↓
2009
Annual accounts 2009649,3 k €↑
2008
Annual accounts 2008486,5 k €↓
2007
Annual accounts 2007772,6 k €↑
2006
Annual accounts 2006419,1 k €
02/09/1969
IncorporationLimited partnership

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

Bahlsen

Overview

What does Bahlsen do?

Trend over 20 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