ACTIVE

Baxter R and D Europe

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Financial year 2025 · Closed on 31/12/2025

Net result2,5 M €-77,6 %over 1 year

Revenue58,8 M €+4,8 %over 1 year

Equity30,5 M €+9,0 %over 1 year

Workforce178,3 ETP-5,8 %over 1 year

Identity

Source · BCE/KBO

Baxter R and D Europe is a Private limited company incorporated in 1979. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Lessines. It employs on average 178,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0419.859.253
Incorporation: 15/08/1979
Legal form: Private limited company
Registered office: Boulevard René Branquart(L) 80
7860 Lessines · WallonieSee on map
Contributed capital: 2 543 558,00 €
Latest accounts: 31/12/2025
Average workforce: 178,3 ETP

Activities (NACE)

72101Research and experimental development on natural sciences and engineering· main 72109Research and experimental development on natural sciences and engineering 72110Research and experimental development on biotechnology 72190Other research and experimental development on natural sciences and engineering 73100Advertising

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	58,8 M €	+4.8%	56,2 M €	+6.7%	52,6 M €	+11.5%	47,2 M €	+11.0%	42,5 M €
EBITDA	5,1 M €	-37.4%	8,1 M €	+91.0%	4,2 M €	+6.4%	4 M €	+234%	1,2 M €
Operating result	3,5 M €	+23.8%	2,8 M €	+6.0%	2,7 M €	+1.3%	2,6 M €	+19.3%	2,2 M €
Net result	2,5 M €	-77.6%	11,3 M €	+89.1%	6 M €	+200%	2 M €	+8.9%	1,8 M €
Balance sheet
Equity	30,5 M €	+9.0%	28 M €	-0.7%	28,2 M €	+26.7%	22,3 M €	+9.8%	20,3 M €
Total assets	52,7 M €	+10.6%	47,7 M €	+2.7%	46,4 M €	+20.5%	38,5 M €	+9.5%	35,2 M €
Cash	850 €	-36.2%	1,3 k €	+63.4%	815 €		0 €	-100%	598 €
Debts	17,3 M €	+38.7%	12,5 M €	-16.4%	15 M €	+12.0%	13,4 M €	-7.9%	14,5 M €
Other
Workforce	178,3 ETP	-5.8%	189,3 ETP	+0.2%	189,0 ETP	-0.2%	189,3 ETP	+2.0%	185,5 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 · 34 ended

Active mandates

Serge Vandermotten

Director · since 15 juillet 2023

Active

Guy In't Ven

Director · since 01 janvier 2022

Active

Eric Henaut

Director · since 30 novembre 2019 · until 31 décembre 2025

Active

Bruno Remacle

Director · since 15 février 2016

Active

Ended mandates

Herman Jacobs

Director · since 24 septembre 2020 · until 31 mai 2024

Ended

Eric Henaut

Director · since 30 novembre 2019

Ended

Herman Jacobs

Director · since 30 novembre 2019

Ended

Bhevan Chandrasena

Director · since 15 mars 2016 · until 28 février 2021

Ended

Other companies at this address

Boulevard René Branquart(L) 80 7860 Lessines

Company	CBE no.
BAXALTA BELGIUM MANUFACTURING● Active	0563.700.454
BAXTER● Active	0403.093.693
BAXTER BELGIUM● Active	0861.155.805
Baxter Formation et Entraide-Ouvriers● Active	0462.222.222
BAXTER GROUPE UNITE TVA● Active	0840.298.132
Baxter Pension Fund Belgium● Active	0428.690.312
BAXTER SERVICES EUROPE● Active	0444.648.295
Baxter World Trade● Active	0426.694.684
Inform'L● Active	0656.649.319

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	08/07/2026	10/07/2025	09/07/2024	10/07/2023	14/07/2022	08/07/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/06/2026	08/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	10/07/2025	French	PDF
Full model	31/12/2023	24/06/2024	09/07/2024	French	PDF
Full model	31/12/2022	26/06/2023	10/07/2023	French	PDF
Full model	31/12/2021	27/06/2022	14/07/2022	French	PDF
Full model	31/12/2020	28/06/2021	08/07/2021	French	PDF
Full model	31/12/2019	24/09/2020	21/10/2020	French	PDF
Full model	31/12/2018	06/06/2019	02/07/2019	French	PDF
Full model	31/12/2017	07/06/2018	19/06/2018	French	PDF
Full model	31/12/2016	01/06/2017	15/06/2017	French	PDF
Full model	31/12/2015	02/06/2016	02/08/2016	French	PDF
Full model	31/12/2014	04/06/2015	03/08/2015	French	PDF
Full model	31/12/2013	05/06/2014	29/07/2014	French	PDF
Full model	31/12/2012	11/07/2013	29/08/2013	French	PDF
Full model	31/12/2011	07/06/2012	03/07/2012	French	PDF
Full model	31/12/2010	06/06/2011	29/07/2011	French	PDF
Full model	31/12/2009	03/06/2010	06/07/2010	French	PDF
Full model	31/12/2008	10/07/2009	13/07/2009	French	PDF
Full model	31/12/2007	09/12/2008	11/12/2008	French	PDF
Full model	31/12/2006	19/07/2007	28/09/2007	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 · 34 ended

Active mandates

Serge Vandermotten

Director · since 15 juillet 2023

Active

Guy In't Ven

Director · since 01 janvier 2022

Active

Eric Henaut

Director · since 30 novembre 2019 · until 31 décembre 2025

Active

Bruno Remacle

Director · since 15 février 2016

Active

Ended mandates

Herman Jacobs

Director · since 24 septembre 2020 · until 31 mai 2024

Ended

Eric Henaut

Director · since 30 novembre 2019

Ended

Herman Jacobs

Director · since 30 novembre 2019

Ended

Bhevan Chandrasena

Director · since 15 mars 2016 · until 28 février 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates22/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates21/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates24/08/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates12/05/2021
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20252,5 M €↓
2024
Annual accounts 202411,3 M €↑
24/06/2024
nominationRomain Seffer — commissaire
2023
Annual accounts 20236 M €↑
15/07/2023
nominationSerge Vandermotten — administrateur
2022
Annual accounts 20222 M €↑
2021
Annual accounts 20211,8 M €↓
2020
Annual accounts 20202,4 M €↑
2019
Annual accounts 2019424,3 k €↓
2018
Annual accounts 20182,7 M €↑
2017
Annual accounts 20171,2 M €↑
2016
Annual accounts 2016832,8 k €↑
2015
Annual accounts 2015481,7 k €↓
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 20131 M €↓
2012
Annual accounts 20121,5 M €↑
2011
Annual accounts 2011-1 M €↓
2010
Annual accounts 20102,3 M €↑
2009
Annual accounts 2009709 k €↑
2008
Annual accounts 2008298,6 k €
15/08/1979
IncorporationPrivate limited company

Baxter R and D Europe

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