ACTIVE

IMMO BAERT

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Financial year 2025 · closed on 30/12/2025

Net result

-12,4 k €

-43.5% YoY

Gross margin

67,6 k €

+7.1% YoY

Equity

382,9 k €

-3.1% YoY

What does IMMO BAERT do?

IMMO BAERT is a Public limited company incorporated in 1988. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Lebbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.250.570

Incorporation

17/12/1988

Legal form

Public limited company

Registered office

Korte Breestraat 14
9280 Lebbeke · FlandreSee on map

Contributed capital

455 920,00 €

Latest accounts

30/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	67,6 k €	+7.1%	63,1 k €	+15.3%	54,8 k €	+11.0%	49,3 k €	+322%	-22,2 k €	+29.7%	-31,6 k €	-732%	5 k €	-79.8%	24,7 k €	-44.4%	44,5 k €		–		–		–		–		–		–		8 k €	-70.5%	27,2 k €	-24.0%	35,8 k €	+26.4%	28,3 k €
EBITDA	54,1 k €	+8.4%	49,9 k €	+23.5%	40,4 k €	+5.9%	38,2 k €	+223%	-31 k €	+55.9%	-70,3 k €	-1058%	-6,1 k €	-150%	12,1 k €	-67.9%	37,7 k €	-20.4%	47,4 k €	-20.2%	59,4 k €	+29.6%	45,8 k €	+42.6%	32,1 k €	-19.7%	40 k €	+46.7%	27,3 k €	-0.9%	27,5 k €	+28.4%	21,4 k €	-26.5%	29,2 k €	+46.0%	20 k €
Operating result	502,5 €	+114%	-3,6 k €	+72.1%	-13 k €	+9.4%	-14,4 k €	+33.9%	-21,8 k €	+74.9%	-86,7 k €	-306%	-21,4 k €	-952%	-2 k €	-107%	29 k €	-21.8%	37,1 k €	-26.0%	50,2 k €	+33.7%	37,5 k €	+56.9%	23,9 k €	-25.0%	31,9 k €	+66.5%	19,2 k €	-1.3%	19,4 k €	+65.9%	11,7 k €	-39.8%	19,4 k €	+89.7%	10,2 k €
Net result	-12,4 k €	-43.5%	-8,6 k €	+82.7%	-49,9 k €	-17.5%	-42,5 k €	-176%	-15,4 k €	+82.0%	-85,3 k €	-266%	-23,3 k €	-617%	-3,3 k €	-116%	20,5 k €	-24.8%	27,3 k €	-40.2%	45,7 k €	+21.4%	37,6 k €	+25.1%	30,1 k €	+4.9%	28,7 k €	+50.4%	19,1 k €	-2.4%	19,5 k €	+28.3%	15,2 k €	-9.4%	16,8 k €	+45.1%	11,6 k €
Balance sheet
Equity	382,9 k €	-3.1%	395,3 k €	-2.1%	404 k €	+120%	183,9 k €	-18.8%	226,4 k €	-6.4%	241,7 k €	-26.1%	327,1 k €	-6.7%	350,4 k €	-0.9%	353,6 k €	+14.0%	310,1 k €	+9.7%	282,8 k €	+8.3%	261,1 k €	+5.5%	247,5 k €	+2.5%	241,4 k €	+8.4%	222,7 k €	+4.2%	213,7 k €	+4.6%	204,2 k €	+2.6%	199 k €	+3.5%	192,3 k €
Total assets	1,4 M €	-3.6%	1,5 M €	-4.3%	1,5 M €	-4.8%	1,6 M €	+2.7%	1,6 M €	+21.6%	1,3 M €	+248%	366,1 k €	-8.9%	401,7 k €	-6.0%	427,4 k €	+9.5%	390,2 k €	+1.8%	383,5 k €	-6.0%	408,1 k €	+7.7%	378,8 k €	+4.4%	363 k €	+3.3%	351,4 k €	+1.7%	345,7 k €	-2.5%	354,4 k €	+7.9%	328,4 k €	+2.1%	321,5 k €
Cash	6,4 k €	+25.1%	5,1 k €	-75.0%	20,4 k €	-49.8%	40,6 k €	+115%	18,9 k €	-69.6%	62 k €	-76.0%	258,6 k €	-18.8%	318,5 k €	-4.1%	332 k €	+7365%	4,4 k €	+81.3%	2,5 k €	+28.6%	1,9 k €	-37.2%	3 k €	-18.8%	3,7 k €	+48.6%	2,5 k €	-98.4%	153,7 k €	+4477%	3,4 k €	-13.2%	3,9 k €	+45.0%	2,7 k €
Debts	1 M €	-4.2%	1,1 M €	-2.9%	1,1 M €	-21.8%	1,4 M €	+5.4%	1,3 M €	+30.6%	1 M €	+6335%	15,7 k €	-44.2%	28,1 k €	-44.5%	50,6 k €	+236%	15,1 k €	-57.2%	35,2 k €	-41.8%	60,4 k €	+35.5%	44,6 k €	+39.4%	32 k €	-18.5%	39,3 k €	-7.7%	42,6 k €	+20.8%	35,2 k €	+144%	14,5 k €	+1.0%	14,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/12/2025 · 2 active · 23 ended

Active mandates

Carol Baert

Managing director · since 19 décembre 2023 · until 19 décembre 2029

Active

Filip Baert

Director · since 19 décembre 2023 · until 19 décembre 2029

Active

Ended mandates

Carol Baert

Director · since 09 juin 2018 · until 09 juin 2024

Ended

Filip Baert

Director · since 09 juin 2018 · until 09 juin 2024

Ended

IMMO GRUUTHOVE

Managing director · since 30 décembre 2012 · until 09 juin 2018 · 0436.250.471

Represented by Paul Baert

Ended

IMMO GRUUTHOVE

Managing director · since 30 décembre 2012 · until 01 décembre 2017 · 0436.250.471

Represented by Paul Baert

Ended

At this address

Other companies at this address

Company	CBE no.
BAERT FILIP● Active	0875.223.872
IMMO GRUUTHOVE● Active	0436.250.471

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	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	13/02/2026	21/04/2025	08/02/2024	22/03/2023	12/06/2022	19/06/2021
General meeting	13/02/2026	27/03/2025	06/02/2024	18/03/2023	11/06/2022	12/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/12/2025	13/02/2026	13/02/2026	Dutch	PDF
Abridged model	30/12/2024	27/03/2025	21/04/2025	Dutch	PDF
Abridged model	30/12/2023	06/02/2024	08/02/2024	Dutch	PDF
Abridged model	30/12/2022	18/03/2023	22/03/2023	Dutch	PDF
Abridged model	30/12/2021	11/06/2022	12/06/2022	Dutch	PDF
Abridged model	30/12/2020	12/06/2021	19/06/2021	Dutch	PDF
Abridged model	30/12/2019	13/06/2020	25/07/2020	Dutch	PDF
Abridged model	30/12/2018	08/06/2019	24/07/2019	Dutch	PDF
Abridged model	30/12/2017	09/06/2018	05/07/2018	Dutch	PDF
Full model	30/12/2016	10/06/2017	19/06/2017	Dutch	PDF
Full model	30/12/2015	11/06/2016	13/06/2016	Dutch	PDF
Full model	30/12/2014	13/06/2015	17/06/2015	Dutch	PDF
Full model	30/12/2013	14/06/2014	16/06/2014	Dutch	PDF
Full model	30/12/2012	28/06/2013	11/07/2013	Dutch	PDF
Full model	30/12/2011	09/06/2012	13/06/2012	Dutch	PDF
Full model	30/12/2010	11/06/2011	22/06/2011	Dutch	PDF
Abridged model	30/12/2009	12/06/2010	29/06/2010	Dutch	PDF
Abridged model	30/12/2008	13/06/2009	16/06/2009	Dutch	PDF
Abridged model	30/12/2007	14/06/2008	19/06/2008	Dutch	PDF
Abridged model	30/12/2006	09/06/2007	11/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/12/2025 · 2 active · 23 ended

Active mandates

Carol Baert

Managing director · since 19 décembre 2023 · until 19 décembre 2029

Active

Filip Baert

Director · since 19 décembre 2023 · until 19 décembre 2029

Active

Ended mandates

Carol Baert

Director · since 09 juin 2018 · until 09 juin 2024

Ended

Filip Baert

Director · since 09 juin 2018 · until 09 juin 2024

Ended

IMMO GRUUTHOVE

Managing director · since 30 décembre 2012 · until 09 juin 2018 · 0436.250.471

Represented by Paul Baert

Ended

IMMO GRUUTHOVE

Managing director · since 30 décembre 2012 · until 01 décembre 2017 · 0436.250.471

Represented by Paul Baert

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2018
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/03/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2006
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 2025-12,4 k €↓
2024
Annual accounts 2024-8,6 k €↑
2023
Annual accounts 2023-49,9 k €↓
2022
Annual accounts 2022-42,5 k €↓
2021
Annual accounts 2021-15,4 k €↑
2020
Annual accounts 2020-85,3 k €↓
2019
Annual accounts 2019-23,3 k €↓
2018
Annual accounts 2018-3,3 k €↓
2017
Annual accounts 201720,5 k €↓
2015
Annual accounts 201527,3 k €↓
2014
Annual accounts 201445,7 k €↑
2013
Annual accounts 201337,6 k €↑
2012
Annual accounts 201230,1 k €↑
2011
Annual accounts 201128,7 k €↑
2010
Annual accounts 201019,1 k €↓
2009
Annual accounts 200919,5 k €↑
2008
Annual accounts 200815,2 k €↓
2007
Annual accounts 200716,8 k €↑
2006
Annual accounts 200611,6 k €
17/12/1988
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

IMMO BAERT

Overview

What does IMMO 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