ACTIVE

BAERT

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Financial year 2024 · closed on 31/12/2024

Net result

1,2 M €

+22.4% YoY

Revenue

15,4 M €

+17.9% YoY

Equity

3,8 M €

-17.5% YoY

Workforce

30,7 ETP

+14.6% YoY

What does BAERT do?

BAERT is a Public limited company incorporated in 1985. Its main activity is: Wholesale of other household goods. Its registered office is in Ternat. It employs on average 30,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.326.570

Incorporation

05/06/1985

Legal form

Public limited company

Registered office

Essenestraat 16
1740 Ternat · FlandreSee on map

Contributed capital

100 262,15 €

Latest accounts

31/12/2024

Average workforce

30,7 ETP

Activities (NACE)

46492Wholesale of other household goods· main 46492Wholesale of other household goods 51475Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	15,4 M €	+17.9%	13,1 M €	+5.4%	12,4 M €	+11.6%	11,1 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	2 M €	+10.3%	1,8 M €	+35.7%	1,3 M €	+35.9%	968 k €	-43.9%	1,7 M €	+65.7%	1 M €	-13.1%	1,2 M €	-5.6%	1,3 M €	+18.7%	1,1 M €	+38.4%	772,7 k €	+16.3%	664,3 k €	-30.1%	950,2 k €	-22.2%	1,2 M €	+9.1%	1,1 M €	+31.4%	851,1 k €	-25.5%	1,1 M €	-11.3%	1,3 M €	+34.1%	959,9 k €	+40.6%	682,6 k €
Operating result	1,7 M €	+20.2%	1,4 M €	+45.5%	979,6 k €	+87.7%	522 k €	-58.1%	1,2 M €	+148%	503,3 k €	-32.2%	742,2 k €	-25.8%	1 M €	+20.7%	828,5 k €	+51.6%	546,6 k €	+9.5%	499,2 k €	-39.4%	823,8 k €	-24.9%	1,1 M €	+12.7%	973,2 k €	+39.1%	699,8 k €	-31.4%	1 M €	-14.4%	1,2 M €	+37.0%	869,3 k €	+43.6%	605,5 k €
Net result	1,2 M €	+22.4%	978,8 k €	+40.4%	697 k €	+102%	345,9 k €	-60.2%	868,3 k €	+153%	342,8 k €	-38.8%	560,3 k €	-12.5%	640,1 k €	+17.1%	546,6 k €	+19.5%	457,4 k €	+30.2%	351,3 k €	-33.9%	531,4 k €	-29.9%	758,3 k €	+10.8%	684,6 k €	+33.2%	514,1 k €	-32.3%	759,4 k €	-1.8%	773,2 k €	+24.6%	620,5 k €	+42.2%	436,5 k €
Balance sheet
Equity	3,8 M €	-17.5%	4,6 M €	+27.1%	3,6 M €	-26.9%	4,9 M €	-13.3%	5,7 M €	+18.0%	4,8 M €	+7.6%	4,5 M €	-24.3%	5,9 M €	+12.1%	5,3 M €	+11.5%	4,7 M €	+10.7%	4,3 M €	+8.9%	3,9 M €	+15.6%	3,4 M €	-9.7%	3,8 M €	+5.2%	3,6 M €	-10.0%	4 M €	+23.6%	3,2 M €	+26.5%	2,5 M €	+22.7%	2,1 M €
Total assets	9,8 M €	+15.8%	8,5 M €	-12.3%	9,7 M €	-3.6%	10 M €	+11.8%	9 M €	+20.1%	7,5 M €	+22.4%	6,1 M €	-22.3%	7,9 M €	+29.9%	6,1 M €	+14.0%	5,3 M €	+6.2%	5 M €	+9.8%	4,6 M €	-10.8%	5,1 M €	+14.8%	4,5 M €	+12.3%	4 M €	-12.5%	4,5 M €	+15.0%	3,9 M €	+19.1%	3,3 M €	+25.1%	2,6 M €
Cash	1,8 M €	+8.3%	1,7 M €	+33.7%	1,3 M €	-25.4%	1,7 M €	-24.8%	2,3 M €	+213%	722,7 k €	-62.1%	1,9 M €	-40.6%	3,2 M €	+13.6%	2,8 M €	+35.6%	2,1 M €	+19.0%	1,8 M €	-25.0%	2,3 M €	+20.9%	1,9 M €	+24.6%	1,6 M €	+60.7%	965,3 k €	-31.1%	1,4 M €	+48.3%	944 k €	+20.8%	781,7 k €	+52.3%	513,2 k €
Debts	6 M €	+58.1%	3,8 M €	-36.3%	5,9 M €	+21.9%	4,9 M €	+55.2%	3,1 M €	+26.6%	2,5 M €	+74.1%	1,4 M €	-27.3%	2 M €	+159%	754,1 k €	+36.3%	553,4 k €	-17.7%	672,8 k €	+28.0%	525,8 k €	-68.0%	1,6 M €	+170%	609,6 k €	+99.7%	305,2 k €	-39.6%	504,9 k €	-30.6%	728 k €	-4.2%	760,3 k €	+32.9%	572,3 k €
Other
Workforce	30,7 ETP	+14.6%	26,8 ETP	-5.6%	28,4 ETP	+6.0%	26,8 ETP	+14.0%	23,5 ETP	+14.6%	20,5 ETP	+39.5%	14,7 ETP	+5.8%	13,9 ETP	-3.5%	14,4 ETP	-0.7%	14,5 ETP	+4.3%	13,9 ETP	+14.9%	12,1 ETP	0.0%	12,1 ETP	-20.4%	15,2 ETP	+6.3%	14,3 ETP	-5.9%	15,2 ETP	+3.4%	14,7 ETP	+12.2%	13,1 ETP	-7.7%	14,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 30 ended

Active mandates

DE BAERT GROEP BVBA

Managing director · since 01 janvier 2020 · until 07 juin 2027 · 0662.640.256

Represented by Tom Baert

Active

Goele Baert

Managing director · since 01 janvier 2020 · until 07 juin 2027

Active

Timme Baert

Managing director · since 01 janvier 2020 · until 07 juin 2027

Active

Ended mandates

DE BAERT GROEP BVBA

Managing director · since 01 janvier 2020 · until 07 juin 2027 · 0662.640.256

Represented by Tom Baert

Ended

Goedele Baert

Managing director · since 01 janvier 2020 · until 07 juin 2027

Ended

Goedele Baert

Managing director · since 30 juin 2017 · until 05 juin 2022

Ended

Goedele BAERT

Director · since 30 juin 2017 · until 05 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
DE BAERT GROEP BVBA● Active	0662.640.256
EDUBOUW● Active	0534.760.307
GALLETTI BELGIUM● Active	0828.861.733
IMDI● Active	0644.524.616
INTEROFFICE SOBETE TONGEREN● Active	0403.040.245
SUN INVEST TECHNI-CAL● Active	0823.622.347
TECHNI - CAL● Active	0453.944.063

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2025	30/07/2024	24/07/2023	25/07/2022	29/07/2021	30/07/2020
General meeting	27/06/2025	28/06/2024	30/06/2023	30/06/2022	07/06/2021	30/06/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	27/06/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	30/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	25/07/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	07/06/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	30/07/2020	Dutch	PDF
Abridged model	31/12/2018	24/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	18/06/2018	16/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	27/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	31/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 3 active · 30 ended

Active mandates

DE BAERT GROEP BVBA

Managing director · since 01 janvier 2020 · until 07 juin 2027 · 0662.640.256

Represented by Tom Baert

Active

Goele Baert

Managing director · since 01 janvier 2020 · until 07 juin 2027

Active

Timme Baert

Managing director · since 01 janvier 2020 · until 07 juin 2027

Active

Ended mandates

DE BAERT GROEP BVBA

Managing director · since 01 janvier 2020 · until 07 juin 2027 · 0662.640.256

Represented by Tom Baert

Ended

Goedele Baert

Managing director · since 01 janvier 2020 · until 07 juin 2027

Ended

Goedele Baert

Managing director · since 30 juin 2017 · until 05 juin 2022

Ended

Goedele BAERT

Director · since 30 juin 2017 · until 05 juin 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other01/07/2026
—
PDF
Mandates06/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/02/2025
DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates10/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring19/07/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DOEL - KAPITAAL - AANDELEN
PDF
Restructuring25/05/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Court decision17/02/2021
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
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

2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023978,8 k €↑
2022
Annual accounts 2022697 k €↑
2021
Annual accounts 2021345,9 k €↓
2020
Annual accounts 2020868,3 k €↑
2019
Annual accounts 2019342,8 k €↓
2018
Annual accounts 2018560,3 k €↓
2017
Annual accounts 2017640,1 k €↑
2016
Annual accounts 2016546,6 k €↑
2015
Annual accounts 2015457,4 k €↑
2014
Annual accounts 2014351,3 k €↓
2013
Annual accounts 2013531,4 k €↓
2012
Annual accounts 2012758,3 k €↑
2011
Annual accounts 2011684,6 k €↑
2010
Annual accounts 2010514,1 k €↓
2009
Annual accounts 2009759,4 k €↓
2008
Annual accounts 2008773,2 k €↑
2007
Annual accounts 2007620,5 k €↑
2006
Annual accounts 2006436,5 k €
05/06/1985
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

BAERT

Overview

What does BAERT 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