ACTIVE

Bauer Media Outdoor Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result6,6 M €+61,9 %over 1 year

Revenue71 M €+11,4 %over 1 year

Equity24,4 M €+37,2 %over 1 year

Workforce214,1 ETP+2,6 %over 1 year

Identity

Source · BCE/KBO

Bauer Media Outdoor Belgium is a Private limited company incorporated in 1972. Its main activity is: Advertising agencies. Its registered office is in Vilvoorde. It employs on average 214,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0412.432.122
Incorporation: 17/05/1972
Legal form: Private limited company
Registered office: Laurent-Benoit Dewezplein 5
1800 Vilvoorde · FlandreSee on map
Contributed capital: 6 719 671,67 €
Latest accounts: 31/12/2025
Average workforce: 214,1 ETP

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 73120Media representation 73120Media representation 74401Other professional, scientific and technical activities 74402Other professional, scientific and technical activities

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	71 M €	+11.4%	63,8 M €	+5.0%	60,7 M €	+30.0%	46,7 M €	+18.2%	39,5 M €
EBITDA	7,8 M €	+18.2%	6,6 M €	+60.4%	4,1 M €	+364%	-1,6 M €	-138%	4,1 M €
Operating result	4,6 M €	+45.0%	3,2 M €	+136%	1,3 M €	+244%	-934,7 k €	+0.5%	-939,4 k €
Net result	6,6 M €	+61.9%	4,1 M €	+43.8%	2,8 M €	+2264%	-131,2 k €	-1156%	-10,4 k €
Balance sheet
Equity	24,4 M €	+37.2%	17,7 M €	+29.9%	13,7 M €	+26.2%	10,8 M €	-1.2%	11 M €
Total assets	72,2 M €	+5.9%	68,1 M €	+8.0%	63,1 M €	+16.6%	54,1 M €	-0.0%	54,2 M €
Cash	4,9 M €	+972%	460,4 k €	+106%	224 k €	+33.9%	167,2 k €	-69.6%	549,9 k €
Debts	37,1 M €	+16.3%	31,9 M €	+10.2%	28,9 M €	+19.4%	24,2 M €	-10.2%	27 M €
Other
Workforce	214,1 ETP	+2.6%	208,6 ETP	+6.4%	196,1 ETP	+8.5%	180,7 ETP	+11.1%	162,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 20 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cut The Mustard0668.606.647Represented by Nicolas Blondeau	Directorsince 17/02/2023Manager10/12/2019 → 2021 accountsended
JAN DE MOOR	Directorsince 17/02/2023Manager11/12/2014 → 2021 accountsended
Justin Cochrane	Directorsince 04/01/2021
LINKO0464.300.594Represented by Daniel SAX	Directorsince 18/05/2004Manager07/12/2012 → 2016 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michael Saunter	Manager12/10/2018 → 2021 accounts
UNICORNIO0550.624.557Represented by TOM MOTMANS	Manager20/06/2016 → 2020 accounts

Other companies at this address

Laurent-Benoit Dewezplein 5 1800 Vilvoorde

Company	CBE no.
Service2cities● Active	0403.503.568

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	26/06/2025	27/06/2024	27/06/2023	14/07/2022	15/07/2021
General meeting	24/06/2026	24/06/2025	24/06/2024	23/06/2023	24/06/2022	28/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	25/06/2026	Dutch	PDF
Full model	31/12/2024	24/06/2025	26/06/2025	Dutch	PDF
Full model	31/12/2023	24/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	27/06/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	14/07/2022	French	PDF
Full model	31/12/2020	28/06/2021	15/07/2021	French	PDF
Full modelCorrection	31/12/2019	22/06/2020	23/07/2020	French	PDF
Full model	31/12/2019	22/06/2020	16/07/2020	French	PDF
Full model	31/12/2018	24/06/2019	15/07/2019	French	PDF
Full model	31/12/2017	22/06/2018	30/07/2018	French	PDF
Full model	31/12/2016	15/06/2017	16/08/2017	French	PDF
Full model	31/12/2015	20/06/2016	05/07/2016	French	PDF
Full modelCorrection	31/12/2014	15/06/2015	05/07/2016	French	PDF
Full model	31/12/2014	15/06/2015	09/07/2015	French	PDF
Full model	31/12/2013	16/06/2014	10/07/2014	French	PDF
Full model	31/12/2012	17/06/2013	12/07/2013	French	PDF
Full model	31/12/2011	18/06/2012	25/06/2012	French	PDF
Full model	31/12/2010	20/06/2011	31/08/2011	French	PDF
Full model	31/12/2009	21/06/2010	02/08/2010	French	PDF
Full model	31/12/2008	22/06/2009	31/07/2009	French	PDF
Full model	31/12/2007	23/06/2008	11/07/2008	French	PDF
Full model	31/12/2006	25/06/2007	28/06/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 20 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cut The Mustard0668.606.647Represented by Nicolas Blondeau	Directorsince 17/02/2023Manager10/12/2019 → 2021 accountsended
JAN DE MOOR	Directorsince 17/02/2023Manager11/12/2014 → 2021 accountsended
Justin Cochrane	Directorsince 04/01/2021
LINKO0464.300.594Represented by Daniel SAX	Directorsince 18/05/2004Manager07/12/2012 → 2016 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michael Saunter	Manager12/10/2018 → 2021 accounts
UNICORNIO0550.624.557Represented by TOM MOTMANS	Manager20/06/2016 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other21/05/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
PDF
Mandates04/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2022
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

LINKO

Cut The Mustard

Justin Cochrane

JAN DE MOOR

Michael Saunter

UNICORNIO

JURG ROTHELI

SCOTT BICK

CORMAC O'SHEA

MCM & PARTNERS

Dirk Gustaf ELLER

Stefan LAMEIRE

and 12 more mandates

1972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Bauer Media Outdoor BelgiumClear Channel Belgium

Laurent-Benoit Dewezplein 5, 1800 Vilvoorde

DirectorManager

Director

DirectorManager

Manager

ManagerDirector

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Laurent-Benoit Dewezplein 5, 1800 VilvoordeCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00206604
Avenue Louise 367, 1050 Ixelles	accounts 2021	Accounts 2021 · 2022-20208909

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Bauer Media Outdoor BelgiumCurrent	accounts 2025	Accounts 2025 · 2026-00206604
Clear Channel Belgium	accounts 2008 → 2024	Accounts 2024 · 2025-00183121

Events

2025
Annual accounts 20256,6 M €↑
2025
Name changeBauer Media Outdoor Belgium
17/10/2025
nominationVGD Bedrijfsrevisoren · commissaris
2024
Annual accounts 20244,1 M €↑
2023
Annual accounts 20232,8 M €↑
23/06/2023
reconductionEY Bedrijfsrevisoren BV · Commissaris
15/02/2023
nominationThomas Meurice · représentant permanent du commissaire
2022
Annual accounts 2022-131,2 k €↓
2021
Annual accounts 2021-10,4 k €↑
2020
Annual accounts 2020-5,3 M €↓
2019
Annual accounts 2019572,1 k €↓
2016
Annual accounts 20161,7 M €↓
2015
Annual accounts 20152,5 M €↑
2014
Annual accounts 20141,2 M €↓
2013
Annual accounts 20134,4 M €↑
2012
Annual accounts 20121,3 M €↓
2011
Annual accounts 20113,3 M €↑
2010
Annual accounts 20103,1 M €↓
2009
Annual accounts 20098,4 M €↑
2008
Annual accounts 20084,8 M €
17/05/1972
IncorporationPrivate limited company

Bauer Media Outdoor Belgium

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events