ACTIVE

BAVAT

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

58,8 k €

+37.0% YoY

Gross margin

377,8 k €

+28.1% YoY

Equity

282,3 k €

+26.3% YoY

Workforce

4,7 ETP

+23.7% YoY

What does BAVAT do?

BAVAT is a Public limited company incorporated in 1989. Its main activity is: Real estate agencies. Its registered office is in De Haan. It employs on average 4,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.133.054

Incorporation

15/12/1989

Legal form

Public limited company

Registered office

Koninklijke Baan 32
8420 De Haan · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Average workforce

4,7 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 68321Management of real estate on a fee or contract basis 70311Activities of head offices; management consultancy activities 55203Holiday and other short-stay accommodation 68201Rental and operating of own or leased real estate

Joint committees (3)

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 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	377,8 k €	+28.1%	294,9 k €	+15.3%	255,7 k €	+4.1%	245,7 k €	-30.6%	354,3 k €	+39.3%	254,3 k €	+11.8%	227,5 k €	+21.9%	186,6 k €	-1.2%	189 k €	+14.4%	165,2 k €	+34.5%	122,9 k €	-16.4%	147,1 k €	-36.1%	230,2 k €	-9.9%	255,5 k €	+17.2%	218,1 k €	+2.4%	213 k €	+6.6%	199,8 k €	-13.3%	230,4 k €	-13.1%	265,2 k €	+14.4%	231,8 k €
EBITDA	115,9 k €	+26.9%	91,4 k €	+53.5%	59,5 k €	+404%	11,8 k €	-90.4%	123,2 k €	+136%	52,3 k €	+12.0%	46,7 k €	+340%	10,6 k €	-49.5%	21 k €	+14.2%	18,4 k €	+255%	-11,8 k €	-131%	37,9 k €	-70.7%	129,4 k €	-20.0%	161,8 k €	+17.7%	137,4 k €	+0.4%	136,9 k €	+12.0%	122,2 k €	+12.7%	108,4 k €	-14.2%	126,4 k €	+35.3%	93,4 k €
Operating result	85,7 k €	+41.4%	60,6 k €	+167%	22,7 k €	+75.6%	12,9 k €	-84.9%	85,7 k €	+205%	28,1 k €	-17.0%	33,9 k €	+5455%	-633 €	-106%	10 k €	+35.2%	7,4 k €	+135%	-21,2 k €	-168%	31,2 k €	-68.7%	99,8 k €	-6.0%	106,3 k €	+30.1%	81,7 k €	+0.7%	81,1 k €	+20.7%	67,2 k €	-37.6%	107,7 k €	-13.6%	124,7 k €	+34.7%	92,6 k €
Net result	58,8 k €	+37.0%	42,9 k €	+280%	11,3 k €	+90.2%	5,9 k €	-87.2%	46,5 k €	+193%	15,9 k €	-35.1%	24,4 k €	+596%	3,5 k €	-75.4%	14,3 k €	+38.9%	10,3 k €	+124%	-42 k €	-260%	26,4 k €	-35.1%	40,6 k €	-36.5%	64 k €	-10.4%	71,4 k €	+4.8%	68,2 k €	+299%	17,1 k €	-71.2%	59,4 k €	-33.4%	89,2 k €	+116%	41,4 k €
Balance sheet
Equity	282,3 k €	+26.3%	223,5 k €	+14.3%	195,6 k €	+5.2%	185,9 k €	-39.3%	306,3 k €	+17.9%	259,9 k €	+6.5%	244 k €	+11.1%	219,5 k €	-67.0%	666 k €	+2.2%	651,8 k €	+1.6%	641,5 k €	-6.2%	683,5 k €	+4.0%	657,2 k €	-4.3%	686,5 k €	+10.3%	622,6 k €	-7.9%	676,1 k €	+11.2%	607,9 k €	+2.9%	590,8 k €	+11.2%	531,4 k €	+20.2%	442,2 k €
Total assets	514 k €	-0.1%	514,5 k €	-8.8%	563,9 k €	-34.6%	862,8 k €	-27.9%	1,2 M €	+18.2%	1 M €	+49.1%	678,9 k €	-47.6%	1,3 M €	+6.4%	1,2 M €	+0.3%	1,2 M €	-1.7%	1,2 M €	-5.3%	1,3 M €	+5.5%	1,2 M €	-15.2%	1,5 M €	+1.9%	1,4 M €	-3.5%	1,5 M €	+2.8%	1,4 M €	+3.9%	1,4 M €	-1.1%	1,4 M €	+0.4%	1,4 M €
Cash	213,1 k €	-18.6%	261,8 k €	+16.3%	225,1 k €	-40.5%	378 k €	-35.1%	582,6 k €	+39.2%	418,5 k €	+37.2%	305 k €	-54.2%	666,1 k €	+109%	318,4 k €	+91.0%	166,7 k €	-22.5%	215 k €	+7.1%	200,7 k €	-42.5%	348,9 k €	-28.3%	486,7 k €	+12.6%	432,1 k €	+48.9%	290,2 k €	+9.5%	265,2 k €	+178%	95,3 k €	-44.1%	170,5 k €	+71.5%	99,4 k €
Debts	215,2 k €	-26.0%	291 k €	-21.0%	368,2 k €	-45.6%	676,9 k €	-22.7%	876,2 k €	+26.3%	693,7 k €	+59.5%	435 k €	-59.6%	1,1 M €	+95.0%	552,1 k €	-1.0%	557,4 k €	-6.1%	593,9 k €	-4.4%	621,3 k €	+7.1%	580,2 k €	-25.0%	773,5 k €	-4.2%	807,5 k €	-0.2%	809,2 k €	-3.3%	836,6 k €	+8.3%	772,5 k €	-8.9%	848,4 k €	-9.1%	933,4 k €
Other
Workforce	4,7 ETP	+23.7%	3,8 ETP	+15.2%	3,3 ETP	-23.3%	4,3 ETP	0.0%	4,3 ETP	+4.9%	4,1 ETP	+10.8%	3,7 ETP	-5.1%	3,9 ETP	0.0%	3,9 ETP	0.0%	3,9 ETP	+34.5%	2,9 ETP	+31.8%	2,2 ETP	+10.0%	2,0 ETP	-33.3%	3,0 ETP	+76.5%	1,7 ETP	+6.2%	1,6 ETP	-20.0%	2,0 ETP	-28.6%	2,8 ETP	-17.6%	3,4 ETP	-8.1%	3,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

Paul-Eric Vandoren

Director

Active

Tine Beirens

Director

Active

Ended mandates

Paul-Eric Vandoren

Director · since 04 janvier 2017 · until 05 mai 2022

Ended

IMMO A. BEIRENS

Director · since 05 mai 2016 · until 05 mai 2022 · 0424.878.509

Represented by MARIA-THERESIA VANNIEUWENBORGH

Ended

MARIA-THERESIA VANNIEUWENBORGH

Managing director · since 05 mai 2016 · until 05 mai 2022

Ended

TINE BEIRENS

Director · since 05 mai 2016 · until 05 mai 2022

Ended

At this address

Other companies at this address

Company	CBE no.
AGENCE DU COQ● Active	0458.521.770
IMMO A. BEIRENS● Active	0424.878.509
Vereniging van Mede-eigenaars Residentie Manderley te De Haan, Koninklijke Baan, 32● Active	0828.738.603

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	29/07/2026	09/09/2025	26/09/2024	25/08/2023	31/08/2022	29/08/2021
General meeting	30/06/2026	04/08/2025	17/09/2024	14/06/2023	08/06/2022	09/06/2021
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

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	30/06/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	04/08/2025	09/09/2025	Dutch	PDF
Abridged model	31/12/2023	17/09/2024	26/09/2024	Dutch	PDF
Abridged model	31/12/2022	14/06/2023	25/08/2023	Dutch	PDF
Abridged model	31/12/2021	08/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	09/06/2021	29/08/2021	Dutch	PDF
Abridged model	31/12/2019	10/06/2020	23/08/2020	Dutch	PDF
Abridged model	31/12/2018	12/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	13/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	14/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	08/06/2016	27/08/2016	Dutch	PDF
Abridged model	31/12/2014	10/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	11/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	12/06/2013	12/09/2013	Dutch	PDF
Abridged model	31/12/2011	13/06/2012	16/10/2012	Dutch	PDF
Abridged model	31/12/2010	08/06/2011	04/11/2011	Dutch	PDF
Abridged model	31/12/2009	09/06/2010	06/09/2010	Dutch	PDF
Abridged model	31/12/2008	10/06/2009	30/10/2009	Dutch	PDF
Abridged model	31/12/2007	11/06/2008	26/09/2008	Dutch	PDF
Abridged model	31/12/2006	13/06/2007	13/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2025 · 2 active · 12 ended

Active mandates

Paul-Eric Vandoren

Director

Active

Tine Beirens

Director

Active

Ended mandates

Paul-Eric Vandoren

Director · since 04 janvier 2017 · until 05 mai 2022

Ended

IMMO A. BEIRENS

Director · since 05 mai 2016 · until 05 mai 2022 · 0424.878.509

Represented by MARIA-THERESIA VANNIEUWENBORGH

Ended

MARIA-THERESIA VANNIEUWENBORGH

Managing director · since 05 mai 2016 · until 05 mai 2022

Ended

TINE BEIRENS

Director · since 05 mai 2016 · until 05 mai 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates11/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/09/2018
KAPITAAL - AANDELEN
PDF
Mandates03/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2014
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 202558,8 k €↑
2024
Annual accounts 202442,9 k €↑
2023
Annual accounts 202311,3 k €↑
2022
Annual accounts 20225,9 k €↓
2021
Annual accounts 202146,5 k €↑
2020
Annual accounts 202015,9 k €↓
2019
Annual accounts 201924,4 k €↑
2018
Annual accounts 20183,5 k €↓
2017
Annual accounts 201714,3 k €↑
2016
Annual accounts 201610,3 k €↑
2015
Annual accounts 2015-42 k €↓
2014
Annual accounts 201426,4 k €↓
2013
Annual accounts 201340,6 k €↓
2012
Annual accounts 201264 k €↓
2011
Annual accounts 201171,4 k €↑
2010
Annual accounts 201068,2 k €↑
2009
Annual accounts 200917,1 k €↓
2008
Annual accounts 200859,4 k €↓
2007
Annual accounts 200789,2 k €↑
2006
Annual accounts 200641,4 k €
15/12/1989
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

BAVAT

Overview

What does BAVAT 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