ACTIVE

BAYARD

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

837,6 k €

-28.4% YoY

Gross margin

2,2 M €

-3.8% YoY

Equity

6 M €

+16.2% YoY

Workforce

10,9 ETP

-11.4% YoY

What does BAYARD do?

BAYARD is a Public limited company incorporated in 1990. Its registered office is in Aywaille. It employs on average 10,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.894.692

Incorporation

20/06/1990

Legal form

Public limited company

Registered office

Hassoumont 23
4920 Aywaille · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

10,9 ETP

Joint committees (4)

144
1440
200
218

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	2,2 M €	-3.8%	2,3 M €	+19.0%	1,9 M €	-28.5%	2,7 M €	+172%	998,8 k €	+48.0%	674,9 k €	-46.3%	1,3 M €	+14.7%	1,1 M €	-24.4%	1,4 M €	+11.5%	1,3 M €	+11.4%	1,2 M €	-12.7%	1,3 M €	-30.1%	1,9 M €	+22.1%	1,6 M €	+31.8%	1,2 M €	-4.7%	1,2 M €	+103%	616,3 k €	+10.9%	555,9 k €	-36.3%	872,4 k €	+68.1%	519 k €
EBITDA	1,5 M €	-6.2%	1,6 M €	+28.5%	1,3 M €	-42.9%	2,2 M €	+283%	574,2 k €	+88.5%	304,6 k €	-60.5%	772,2 k €	+2.7%	752 k €	-18.9%	927,6 k €	+18.8%	780,8 k €	+18.8%	657,2 k €	-15.3%	775,5 k €	-46.9%	1,5 M €	+26.8%	1,2 M €	+38.9%	829,8 k €	-3.2%	857,2 k €	+200%	286,1 k €	+13.1%	253 k €	-59.4%	623,1 k €	+83.7%	339,3 k €
Operating result	1,1 M €	-24.4%	1,5 M €	+70.4%	886,3 k €	-50.7%	1,8 M €	+432%	338,2 k €	+83.1%	184,7 k €	-71.1%	639,1 k €	+64.6%	388,3 k €	-10.1%	431,9 k €	+57.1%	274,9 k €	-21.7%	351 k €	-39.8%	583,2 k €	-24.0%	767,1 k €	+33.7%	573,8 k €	+98.7%	288,9 k €	-9.4%	318,8 k €	+135%	135,8 k €	-39.2%	223,6 k €	-58.9%	543,6 k €	+166%	204,6 k €
Net result	837,6 k €	-28.4%	1,2 M €	+58.3%	738,8 k €	-38.2%	1,2 M €	+141%	496,7 k €	+374%	104,7 k €	-76.1%	438,5 k €	+63.3%	268,6 k €	-13.3%	309,8 k €	+57.0%	197,3 k €	-7.4%	213,1 k €	-44.5%	384,2 k €	-25.3%	514,3 k €	+33.9%	384 k €	+83.4%	209,3 k €	-11.4%	236,2 k €	+129%	103 k €	-27.9%	142,8 k €	-59.2%	350 k €	+116%	162,4 k €
Balance sheet
Equity	6 M €	+16.2%	5,2 M €	-13.8%	6 M €	+4.1%	5,8 M €	+13.7%	5,1 M €	+10.9%	4,6 M €	+2.3%	4,5 M €	+10.9%	4 M €	+7.1%	3,8 M €	+8.9%	3,5 M €	+6.0%	3,3 M €	+7.0%	3 M €	+14.4%	2,7 M €	+23.9%	2,1 M €	+22.1%	1,8 M €	+11.1%	1,6 M €	+14.7%	1,4 M €	-6.7%	1,5 M €	+10.9%	1,3 M €	+35.5%	984,6 k €
Total assets	8,5 M €	+1.3%	8,4 M €	+10.2%	7,6 M €	+8.6%	7 M €	+4.2%	6,8 M €	+28.8%	5,2 M €	+1.7%	5,2 M €	+5.4%	4,9 M €	-10.3%	5,5 M €	-2.7%	5,6 M €	+0.0%	5,6 M €	-20.8%	7,1 M €	+23.4%	5,7 M €	+9.9%	5,2 M €	-12.8%	6 M €	+47.6%	4,1 M €	+39.6%	2,9 M €	-10.7%	3,3 M €	+0.9%	3,2 M €	+2.1%	3,2 M €
Cash	616,6 k €	-70.8%	2,1 M €	+97.0%	1,1 M €	-5.5%	1,1 M €	-25.1%	1,5 M €	-48.6%	2,9 M €	+47.1%	2 M €	+60.2%	1,3 M €	+69.1%	739,7 k €	+95.3%	378,7 k €	+347%	84,7 k €	-76.9%	366,9 k €	-50.9%	747,3 k €	+136%	316,5 k €	-67.6%	976,8 k €	+175%	354,9 k €	+74.2%	203,7 k €	+54.9%	131,6 k €	+128%	57,8 k €	-90.0%	580 k €
Debts	2,5 M €	-23.3%	3,2 M €	+105%	1,6 M €	+26.0%	1,3 M €	-25.2%	1,7 M €	+165%	633,5 k €	-7.0%	680,9 k €	-20.6%	857 k €	-48.9%	1,7 M €	-21.7%	2,1 M €	-8.4%	2,3 M €	-42.0%	4 M €	+31.5%	3,1 M €	+0.6%	3 M €	-27.6%	4,2 M €	+72.2%	2,4 M €	+61.8%	1,5 M €	-14.1%	1,8 M €	-6.1%	1,9 M €	-13.9%	2,2 M €
Other
Workforce	10,9 ETP	-11.4%	12,3 ETP	+6.0%	11,6 ETP	+16.0%	10,0 ETP	+8.7%	9,2 ETP	-7.1%	9,9 ETP	+1.0%	9,8 ETP	+11.4%	8,8 ETP	-30.2%	12,6 ETP	-0.8%	12,7 ETP	-1.6%	12,9 ETP	+1.6%	12,7 ETP	+30.9%	9,7 ETP	+21.2%	8,0 ETP	+2.6%	7,8 ETP	0.0%	7,8 ETP	+2.6%	7,6 ETP	0.0%	7,6 ETP	+22.6%	6,2 ETP	+40.9%	4,4 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 31/12/2025 · 3 active · 25 ended

Active mandates

Claudia FRANCA DE ARAUJO SANTOS

Director · since 19 décembre 2023 · until 19 décembre 2029

Active

François Eugène MATHY

Director · since 19 décembre 2023 · until 19 décembre 2029

Active

Pedro Renault Pinto De Almeida Magalhaes

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

Active

Ended mandates

Claudia DE ARAUJO SANTOS

Director · since 22 juin 2021 · until 14 juin 2027

Ended

François Eugène MATHY

Director · since 22 juin 2021 · until 14 juin 2027

Ended

Françoise Eugène MATHY

Director · since 22 juin 2021 · until 14 juin 2027

Ended

Pedro RENAULT PINTO DE ALMEIDA MAGALHAES

Managing director · since 22 juin 2021 · until 14 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
IMMOBILIERE DE HASSOUMONT● Active	0432.781.237

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	22/09/2026	27/09/2025	30/09/2024	23/08/2023	31/08/2022	07/07/2021
General meeting	15/09/2026	24/09/2025	26/09/2024	13/06/2023	31/08/2022	22/06/2021
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	15/09/2026	22/09/2026	French	PDF
Abridged model	31/12/2024	24/09/2025	27/09/2025	French	PDF
Abridged model	31/12/2023	26/09/2024	30/09/2024	French	PDF
Abridged model	31/12/2022	13/06/2023	23/08/2023	French	PDF
Abridged model	31/12/2021	31/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	22/06/2021	07/07/2021	French	PDF
Abridged model	31/12/2019	05/10/2020	12/10/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	02/07/2019	French	PDF
Abridged model	31/12/2017	17/09/2018	18/09/2018	French	PDF
Abridged model	31/12/2016	30/08/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	20/09/2016	22/09/2016	French	PDF
Abridged model	31/12/2014	21/09/2015	24/09/2015	French	PDF
Abridged model	31/12/2013	19/09/2014	24/09/2014	French	PDF
Abridged model	31/12/2012	29/08/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	31/10/2012	31/10/2012	French	PDF
Abridged model	31/12/2010	15/07/2011	18/07/2011	French	PDF
Abridged model	31/12/2009	09/11/2010	30/11/2010	French	PDF
Abridged model	31/12/2008	14/08/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	24/06/2008	26/06/2008	French	PDF
Abridged model	31/12/2006	26/06/2007	05/07/2007	French	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 31/12/2025 · 3 active · 25 ended

Active mandates

Claudia FRANCA DE ARAUJO SANTOS

Director · since 19 décembre 2023 · until 19 décembre 2029

Active

François Eugène MATHY

Director · since 19 décembre 2023 · until 19 décembre 2029

Active

Pedro Renault Pinto De Almeida Magalhaes

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

Active

Ended mandates

Claudia DE ARAUJO SANTOS

Director · since 22 juin 2021 · until 14 juin 2027

Ended

François Eugène MATHY

Director · since 22 juin 2021 · until 14 juin 2027

Ended

Françoise Eugène MATHY

Director · since 22 juin 2021 · until 14 juin 2027

Ended

Pedro RENAULT PINTO DE ALMEIDA MAGALHAES

Managing director · since 22 juin 2021 · until 14 juin 2027

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates30/07/2021
DEMISSIONS, NOMINATIONS
PDF
Other04/07/2018
DIVERS
PDF
Mandates11/04/2018
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates12/06/2015
DEMISSIONS, NOMINATIONS
PDF
Other13/01/2012
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/07/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates24/09/2009
DEMISSIONS, NOMINATIONS
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 2025837,6 k €↓
2024
Annual accounts 20241,2 M €↑
2023
Annual accounts 2023738,8 k €↓
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 2021496,7 k €↑
2020
Annual accounts 2020104,7 k €↓
2019
Annual accounts 2019438,5 k €↑
2018
Annual accounts 2018268,6 k €↓
2017
Annual accounts 2017309,8 k €↑
2016
Annual accounts 2016197,3 k €↓
2015
Annual accounts 2015213,1 k €↓
2014
Annual accounts 2014384,2 k €↓
2013
Annual accounts 2013514,3 k €↑
2012
Annual accounts 2012384 k €↑
2011
Annual accounts 2011209,3 k €↓
2010
Annual accounts 2010236,2 k €↑
2009
Annual accounts 2009103 k €↓
2008
Annual accounts 2008142,8 k €↓
2007
Annual accounts 2007350 k €↑
2006
Annual accounts 2006162,4 k €
20/06/1990
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

BAYARD

Overview

What does BAYARD 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