ACTIVE

Den Baes

Export PDF

Financial year 2025 · closed on 30/06/2025

Net result

555,1 k €

+1.2% YoY

Gross margin

1,4 M €

+12.6% YoY

Equity

1,4 M €

+4.2% YoY

Workforce

7,3 ETP

+5.8% YoY

What does Den Baes do?

Den Baes is a Private limited company incorporated in 1989. Its main activity is: Repair of fabricated metal products. Its registered office is in Tielt. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.893.821

Incorporation

09/11/1989

Legal form

Private limited company

Registered office

Tenhovestraat 24
8700 Tielt · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

30/06/2025

Average workforce

7,3 ETP

Activities (NACE)

33110Repair of fabricated metal products· main 33110Repair of fabricated metal products 34201Fabrication de carrosseries et remorques 25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620Machining 28410Manufacture of metal forming machinery+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,4 M €	+12.6%	1,2 M €	+20.6%	1 M €	+5.7%	956,3 k €	+11.1%	860,9 k €	+28.3%	671,3 k €	-7.5%	725,4 k €	+1.5%	714,6 k €	+4.0%	687,1 k €	+53.6%	447,4 k €	-13.8%	518,8 k €	-10.0%	576,8 k €	+25.2%	460,7 k €	-9.7%	510,3 k €	-5.7%	541,1 k €	+3.1%	524,9 k €	-1.4%	532,5 k €	+9.1%	487,9 k €	+25.9%	387,4 k €
EBITDA	880,3 k €	+9.3%	805,4 k €	+23.4%	652,7 k €	+14.9%	568,3 k €	+28.0%	443,9 k €	+124%	198,2 k €	-23.8%	260,2 k €	-0.9%	262,6 k €	-10.3%	292,8 k €	+132%	126,4 k €	-36.3%	198,4 k €	-12.1%	225,6 k €	+91.0%	118,1 k €	-40.6%	198,8 k €	+7.2%	185,5 k €	+36.4%	136 k €	-41.2%	231,2 k €	+5.1%	219,9 k €	+34.7%	163,2 k €
Operating result	725,4 k €	+11.1%	652,8 k €	+27.6%	511,5 k €	+15.1%	444,3 k €	+63.8%	271,3 k €	+432%	51 k €	-53.6%	109,9 k €	-12.0%	124,9 k €	-14.1%	145,4 k €	+1858%	7,4 k €	-89.3%	69,2 k €	-18.4%	84,8 k €	+273%	22,7 k €	-78.8%	107,2 k €	+7.6%	99,6 k €	+173%	36,5 k €	-75.0%	146 k €	+9.2%	133,7 k €	+25.1%	106,9 k €
Net result	555,1 k €	+1.2%	548,4 k €	+46.4%	374,6 k €	+26.0%	297,3 k €	+76.8%	168,2 k €	+407%	33,2 k €	-60.1%	83,1 k €	+19.4%	69,6 k €	-15.3%	82,2 k €	+2639%	3 k €	-94.9%	58,8 k €	-17.6%	71,3 k €	+92.9%	37 k €	-59.2%	90,6 k €	+15.2%	78,7 k €	+52.3%	51,7 k €	-58.4%	124,1 k €	+17.8%	105,3 k €	+0.5%	104,9 k €
Balance sheet
Equity	1,4 M €	+4.2%	1,3 M €	-43.2%	2,3 M €	+10.5%	2,1 M €	+16.5%	1,8 M €	+10.3%	1,6 M €	+2.0%	1,6 M €	+5.5%	1,5 M €	+4.8%	1,5 M €	+6.0%	1,4 M €	+0.2%	1,4 M €	+4.5%	1,3 M €	+5.8%	1,2 M €	+3.1%	1,2 M €	+8.2%	1,1 M €	+7.6%	1 M €	+5.3%	978,7 k €	+11.9%	874,5 k €	+13.7%	769,2 k €
Total assets	2,4 M €	-13.7%	2,7 M €	-14.9%	3,2 M €	+13.9%	2,8 M €	+11.7%	2,5 M €	+1.7%	2,5 M €	+37.8%	1,8 M €	+0.4%	1,8 M €	+6.6%	1,7 M €	+7.9%	1,6 M €	-0.2%	1,6 M €	+2.5%	1,5 M €	+7.3%	1,4 M €	+1.1%	1,4 M €	+7.3%	1,3 M €	+5.3%	1,3 M €	+9.5%	1,1 M €	+7.0%	1,1 M €	+15.0%	928,2 k €
Cash	359,1 k €	-42.5%	624,3 k €	+121%	282,1 k €	+2.1%	276,4 k €	-31.1%	401 k €	+36.5%	293,7 k €	-32.9%	437,5 k €	-13.4%	505,3 k €	-9.6%	558,9 k €	+28.4%	435,2 k €	+9.7%	396,7 k €	-12.2%	451,7 k €	+28.7%	350,9 k €	+57.7%	222,5 k €	+1.2%	219,8 k €	+14.2%	192,6 k €	-45.9%	356 k €	-28.4%	497 k €	+52.7%	325,5 k €
Debts	996,4 k €	-30.3%	1,4 M €	+110%	681,2 k €	-7.1%	733,1 k €	-0.1%	733,6 k €	-14.6%	859 k €	+315%	206,8 k €	-26.9%	282,8 k €	+17.0%	241,8 k €	+21.2%	199,5 k €	-2.9%	205,4 k €	-8.9%	225,4 k €	+16.6%	193,3 k €	-9.6%	213,8 k €	+2.6%	208,4 k €	-5.5%	220,5 k €	+38.3%	159,5 k €	-17.2%	192,6 k €	+21.2%	158,9 k €
Other
Workforce	7,3 ETP	+5.8%	6,9 ETP	-2.8%	7,1 ETP	-2.7%	7,3 ETP	-6.4%	7,8 ETP	-17.0%	9,4 ETP	+8.0%	8,7 ETP	-5.4%	9,2 ETP	+4.5%	8,8 ETP	+23.9%	7,1 ETP	-6.6%	7,6 ETP	-13.6%	8,8 ETP	+4.8%	8,4 ETP	+7.7%	7,8 ETP	-11.4%	8,8 ETP	-11.1%	9,9 ETP	+25.3%	7,9 ETP	+5.3%	7,5 ETP	+25.0%	6,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 3 active · 7 ended

Active mandates

Jony Den Baes

Director · since 01 mai 2024 · 1008.585.709

Represented by Jony Den Baes

Active

LiKaCon

Director · since 01 mai 2024 · 1008.583.432

Represented by Jonas Den Baes

Active

Franky Den Baes

Director

Active

Ended mandates

Jony Den Baes

Director · since 01 octobre 2017

Ended

Jony Den Baes

Manager · since 01 octobre 2017

Ended

Jonas Den Baes

Director · since 01 août 2013

Ended

Jonas Den Baes

Manager · since 01 août 2013

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/01/2026	24/01/2025	09/01/2024	22/12/2022	25/01/2022	28/01/2021
General meeting	19/12/2025	20/12/2024	15/12/2023	16/12/2022	17/12/2021	18/12/2020
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

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	30/06/2025	19/12/2025	05/01/2026	Dutch	PDF
Abridged model	30/06/2024	20/12/2024	24/01/2025	Dutch	PDF
Abridged model	30/06/2023	15/12/2023	09/01/2024	Dutch	PDF
Abridged model	30/06/2022	16/12/2022	22/12/2022	Dutch	PDF
Abridged model	30/06/2021	17/12/2021	25/01/2022	Dutch	PDF
Abridged model	30/06/2020	18/12/2020	28/01/2021	Dutch	PDF
Abridged model	30/06/2019	20/12/2019	08/01/2020	Dutch	PDF
Abridged model	30/06/2018	21/12/2018	14/01/2019	Dutch	PDF
Abridged model	30/06/2017	15/12/2017	12/01/2018	Dutch	PDF
Abridged model	30/06/2016	16/12/2016	09/01/2017	Dutch	PDF
Abridged model	30/06/2015	18/12/2015	21/01/2016	Dutch	PDF
Abridged model	30/06/2014	19/12/2014	19/12/2014	Dutch	PDF
Abridged model	30/06/2013	12/02/2014	18/02/2014	Dutch	PDF
Abridged model	30/06/2012	21/12/2012	04/02/2013	Dutch	PDF
Abridged model	30/06/2011	16/12/2011	17/02/2012	Dutch	PDF
Abridged model	30/06/2010	17/12/2010	14/02/2011	Dutch	PDF
Abridged model	30/06/2009	18/12/2009	22/01/2010	Dutch	PDF
Abridged model	30/06/2008	19/12/2008	26/01/2009	Dutch	PDF
Abridged model	30/06/2007	21/12/2007	15/02/2008	Dutch	PDF
Abridged model	30/06/2006	16/12/2006	29/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/06/2025 · 3 active · 7 ended

Active mandates

Jony Den Baes

Director · since 01 mai 2024 · 1008.585.709

Represented by Jony Den Baes

Active

LiKaCon

Director · since 01 mai 2024 · 1008.583.432

Represented by Jonas Den Baes

Active

Franky Den Baes

Director

Active

Ended mandates

Jony Den Baes

Director · since 01 octobre 2017

Ended

Jony Den Baes

Manager · since 01 octobre 2017

Ended

Jonas Den Baes

Director · since 01 août 2013

Ended

Jonas Den Baes

Manager · since 01 août 2013

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates07/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other22/04/2009
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025555,1 k €↑
2024
Annual accounts 2024548,4 k €↑
2023
Annual accounts 2023374,6 k €↑
2023
Name changeDen Baes
2022
Annual accounts 2022297,3 k €↑
2022
Name changeDen Baes Franky
2021
Annual accounts 2021168,2 k €↑
2020
Annual accounts 202033,2 k €↓
2019
Annual accounts 201983,1 k €↑
2018
Annual accounts 201869,6 k €↓
2017
Annual accounts 201782,2 k €↑
2016
Annual accounts 20163 k €↓
2015
Annual accounts 201558,8 k €↓
2014
Annual accounts 201471,3 k €↑
2013
Annual accounts 201337 k €↓
2012
Annual accounts 201290,6 k €↑
2011
Annual accounts 201178,7 k €↑
2010
Annual accounts 201051,7 k €↓
2009
Annual accounts 2009124,1 k €↑
2008
Annual accounts 2008105,3 k €↑
2007
Annual accounts 2007104,9 k €
09/11/1989
IncorporationPrivate 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

Den Baes

Overview

What does Den Baes do?

Trend over 19 financial years

Indicative valuation

Board of directors

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