ACTIVE

BARDOEL

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-161,2 k €

-413.5% YoY

Gross margin

354,1 k €

+109.7% YoY

Equity

-49,1 k €

-143.8% YoY

Workforce

3,8 ETP

What does BARDOEL do?

BARDOEL is a Public limited company incorporated in 1981. Its registered office is in Menen. It employs on average 3,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.198.141

Incorporation

11/12/1981

Legal form

Public limited company

Registered office

Krommebeekstraat 41
8930 Menen · FlandreSee on map

Contributed capital

177 477,73 €

Latest accounts

31/12/2025

Average workforce

3,8 ETP

Joint committees (5)

12503
14204
200
20000
218

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	354,1 k €	+110%	168,9 k €	-10.3%	188,2 k €	-79.6%	922,6 k €	-27.1%	1,3 M €	+1.5%	1,2 M €	+34.8%	924,5 k €	+16.5%	793,2 k €	+46.0%	543,1 k €	+16.0%	468,1 k €	-26.1%	633,4 k €	+1059%	54,7 k €	-93.2%	808,4 k €	-0.7%	813,9 k €	+80.2%	451,6 k €	+152%	179,5 k €	-58.2%	429,2 k €	-42.9%	751,5 k €	-28.3%	1 M €	+98.5%	528,2 k €
EBITDA	129,7 k €	+28.2%	101,2 k €	-44.9%	183,5 k €	-80.0%	916,5 k €	-27.3%	1,3 M €	+1.5%	1,2 M €	+35.3%	918 k €	+15.4%	795,6 k €	+55.4%	512 k €	+25.7%	407,3 k €	-29.3%	575,8 k €	+2998%	-19,9 k €	-103%	572 k €	+12.5%	508,3 k €	+89.6%	268,1 k €	+387%	55,1 k €	-88.3%	470,1 k €	-22.7%	607,7 k €	-31.8%	891,3 k €	+174%	325,8 k €
Operating result	-131,2 k €	-814%	-14,3 k €	+96.0%	-355,5 k €	-191%	388,9 k €	-44.6%	701,9 k €	+57.8%	444,9 k €	+1769%	23,8 k €	-90.4%	248,4 k €	+230%	-191,8 k €	-174%	258 k €	-36.9%	409 k €	+239%	-294,3 k €	-256%	189 k €	+602%	26,9 k €	+105%	-541,9 k €	+23.4%	-707 k €	-580%	-104 k €	-182%	127,5 k €	-73.9%	488,4 k €	+31448%	1,5 k €
Net result	-161,2 k €	-413%	-31,4 k €	+91.2%	-358,5 k €	-226%	284,8 k €	-45.2%	519,7 k €	-17.0%	626 k €	+1166%	49,5 k €	-84.4%	317 k €	-4.2%	330,9 k €	+288%	85,3 k €	-86.7%	640,4 k €	+55493%	1,2 k €	-99.5%	231,9 k €	+471%	40,6 k €	+53.4%	26,5 k €	-89.1%	242,7 k €	-66.9%	732,8 k €	+145%	299,3 k €	-42.7%	522,2 k €	+3647%	13,9 k €
Balance sheet
Equity	-49,1 k €	-144%	112,1 k €	-21.9%	143,5 k €	-71.4%	501,9 k €	-3.9%	522,1 k €	-14.7%	612,4 k €	-37.9%	986,4 k €	+5.3%	936,9 k €	-26.8%	1,3 M €	+34.9%	949,5 k €	+9.9%	864,1 k €	+4.9%	823,7 k €	-54.8%	1,8 M €	+6.2%	1,7 M €	-49.9%	3,4 M €	+0.8%	3,4 M €	+4.9%	3,2 M €	+24.1%	2,6 M €	+7.3%	2,4 M €	+19.5%	2 M €
Total assets	1,7 M €	+44.3%	1,1 M €	+13.2%	1 M €	-53.3%	2,2 M €	-15.8%	2,6 M €	-25.5%	3,5 M €	-17.3%	4,2 M €	+72.0%	2,4 M €	-7.7%	2,6 M €	+25.2%	2,1 M €	-20.8%	2,7 M €	-2.4%	2,7 M €	-26.0%	3,7 M €	+1.4%	3,6 M €	-41.1%	6,2 M €	+14.9%	5,4 M €	-1.1%	5,4 M €	+13.6%	4,8 M €	+30.7%	3,6 M €	-1.6%	3,7 M €
Cash	0 €	-100%	58,6 k €	-76.5%	249,5 k €	-65.0%	712,2 k €	-18.9%	878,3 k €	-25.9%	1,2 M €	+24.9%	948,9 k €	+42.7%	664,8 k €	+15.9%	573,6 k €	-38.5%	932,2 k €	-25.8%	1,3 M €	+376%	263,8 k €	-78.3%	1,2 M €	+56.2%	778,2 k €	+53.2%	507,8 k €	+60.2%	316,9 k €	-79.0%	1,5 M €	+167%	566,9 k €	+6.7%	531,2 k €	-12.0%	603,5 k €
Debts	1,7 M €	+68.2%	1 M €	+17.3%	856,8 k €	-47.9%	1,6 M €	-17.3%	2 M €	-25.8%	2,7 M €	-9.3%	3 M €	+117%	1,4 M €	+18.3%	1,1 M €	+37.1%	836,5 k €	-45.9%	1,5 M €	-15.3%	1,8 M €	+3.8%	1,8 M €	-2.8%	1,8 M €	-17.9%	2,2 M €	+43.5%	1,5 M €	-16.1%	1,8 M €	-7.7%	2 M €	+90.0%	1 M €	-32.1%	1,5 M €
Other
Workforce	3,8 ETP		–		–		–		–		–		–		–		0,4 ETP	-60.0%	1,0 ETP	0.0%	1,0 ETP	-28.6%	1,4 ETP	-33.3%	2,1 ETP	-32.3%	3,1 ETP	-3.1%	3,2 ETP	+52.4%	2,1 ETP	+16.7%	1,8 ETP	-18.2%	2,2 ETP	-26.7%	3,0 ETP	0.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

THE COACHING LOOP

Director · since 18 octobre 2022 · until 03 juin 2028 · 0471.658.144

Represented by Frank Vandeputte

Active

VALTECH

Director · since 18 octobre 2022 · until 03 juin 2028 · 0466.148.445

Represented by Peter Vandeputte

Active

Ended mandates

THE COACHING LOOP

Managing director · since 18 octobre 2022 · until 03 juin 2028 · 0471.658.144

Represented by Frank Vandeputte

Ended

VALTECH

Chairman of the board of directors · since 18 octobre 2022 · until 03 juin 2028 · 0466.148.445

Represented by Peter Vandeputte

Ended

Stijn HERMAN

Managing director · since 20 janvier 2014 · until 20 janvier 2020

Ended

B-D TRADING BVBA

Director · since 20 mai 2009 · until 20 janvier 2014 · 0862.594.670

Represented by Guido Bardoel

Ended

At this address

Other companies at this address

Company	CBE no.
ADVANCED DESIGN OF RECYCLING MACHINES● Active	0898.872.571
Btw-eenheid Valtech● Active	1026.361.057
GUALCHIERANI BALING SYSTEMS● Active	0830.523.007
LETOPLAST INVEST● Active	0832.207.837
RICAN● Active	0465.158.847
S.F.M.● Active	0435.863.560
SIEBMO● Active	0540.587.433
VALTECH● Active	0466.148.445
VALVAN IMMO● Active	0784.312.603
VANDEPUTTE - VALCKE● Active	0479.029.649

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	09/06/2026	11/06/2025	28/06/2024	15/06/2023	04/07/2022	17/06/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	06/06/2022	19/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	06/06/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	07/06/2025	11/06/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	04/07/2022	Dutch	PDF
Abridged model	31/12/2020	19/05/2021	17/06/2021	Dutch	PDF
Abridged model	31/12/2019	20/05/2020	10/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/05/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	17/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/05/2016	08/09/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/09/2015	Dutch	PDF
Abridged model	31/12/2013	04/11/2014	06/11/2014	Dutch	PDF
Abridged model	31/12/2012	10/09/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	16/05/2012	14/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/09/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	20/05/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	21/05/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	20/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 23 ended

Active mandates

THE COACHING LOOP

Director · since 18 octobre 2022 · until 03 juin 2028 · 0471.658.144

Represented by Frank Vandeputte

Active

VALTECH

Director · since 18 octobre 2022 · until 03 juin 2028 · 0466.148.445

Represented by Peter Vandeputte

Active

Ended mandates

THE COACHING LOOP

Managing director · since 18 octobre 2022 · until 03 juin 2028 · 0471.658.144

Represented by Frank Vandeputte

Ended

VALTECH

Chairman of the board of directors · since 18 octobre 2022 · until 03 juin 2028 · 0466.148.445

Represented by Peter Vandeputte

Ended

Stijn HERMAN

Managing director · since 20 janvier 2014 · until 20 janvier 2020

Ended

B-D TRADING BVBA

Director · since 20 mai 2009 · until 20 janvier 2014 · 0862.594.670

Represented by Guido Bardoel

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other05/06/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office24/09/2025
MAATSCHAPPELIJKE ZETEL
PDF
Registered office31/01/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/10/2022
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates02/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2017
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2014
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 2025-161,2 k €↓
2024
Annual accounts 2024-31,4 k €↑
2023
Annual accounts 2023-358,5 k €↓
2022
Annual accounts 2022284,8 k €↓
2021
Annual accounts 2021519,7 k €↓
2020
Annual accounts 2020626 k €↑
2019
Annual accounts 201949,5 k €↓
2018
Annual accounts 2018317 k €↓
2017
Annual accounts 2017330,9 k €↑
2016
Annual accounts 201685,3 k €↓
2015
Annual accounts 2015640,4 k €↑
2014
Annual accounts 20141,2 k €↓
2013
Annual accounts 2013231,9 k €↑
2012
Annual accounts 201240,6 k €↑
2011
Annual accounts 201126,5 k €↓
2010
Annual accounts 2010242,7 k €↓
2009
Annual accounts 2009732,8 k €↑
2008
Annual accounts 2008299,3 k €↓
2007
Annual accounts 2007522,2 k €↑
2006
Annual accounts 200613,9 k €
11/12/1981
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

BARDOEL

Overview

What does BARDOEL 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