ACTIVE

BATRECO

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

-20,9 k €

-281.9% YoY

Gross margin

-11,6 k €

-439.1% YoY

Equity

155,1 k €

-11.9% YoY

What does BATRECO do?

BATRECO is a Public limited company incorporated in 1990. Its main activity is: Market research and public opinion polling. Its registered office is in Etterbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.532.617

Incorporation

11/07/1990

Legal form

Public limited company

Registered office

Rue des Atrébates 9
1040 Etterbeek · BruxellesSee on map

Contributed capital

175 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

73200Market research and public opinion polling· main 73200Market research and public opinion polling 74131Specialised design activities

Signals

Solid equity

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	-11,6 k €	-439%	3,4 k €	+59.6%	2,1 k €	+88.1%	1,1 k €	-85.0%	7,6 k €	-13.5%	8,8 k €	+455%	1,6 k €	-83.4%	9,5 k €	+232%	-7,2 k €	-189%	8,2 k €	+661%	1,1 k €	+724%	-172 €	+90.0%	-1,7 k €	-125%	6,8 k €	-47.8%	12,9 k €	+62.1%	8 k €	-37.1%	12,7 k €	+277%	3,4 k €	-83.3%	20,2 k €
EBITDA	-11,6 k €	-439%	3,4 k €	+59.6%	2,1 k €	+88.1%	1,1 k €	-85.0%	7,6 k €	-13.5%	8,8 k €	+455%	1,6 k €	-83.4%	9,5 k €	+232%	-7,2 k €	-189%	8,2 k €	+661%	1,1 k €	+724%	-172 €	+90.0%	-1,7 k €	-125%	6,8 k €	-47.8%	12,9 k €	+62.1%	8 k €	-37.1%	12,7 k €	+277%	3,4 k €	-83.2%	20 k €
Operating result	-21,3 k €	-219%	-6,7 k €	+24.4%	-8,9 k €	+5.9%	-9,4 k €	-960%	1,1 k €	-66.9%	3,3 k €	+218%	-2,8 k €	-238%	2 k €	+112%	-16,4 k €	-4934%	339 €	+103%	-11,6 k €	+20.5%	-14,5 k €	+9.3%	-16 k €	-26.5%	-12,7 k €	-102%	-6,3 k €	+12.8%	-7,2 k €	-4926%	149 €	+102%	-8,8 k €	-254%	5,7 k €
Net result	-20,9 k €	-282%	-5,5 k €	+13.0%	-6,3 k €	+36.6%	-9,9 k €	-106%	172,6 k €	+3215%	5,2 k €	+280%	-2,9 k €	-248%	2 k €	+112%	-16,4 k €	-5581%	300 €	+103%	-11,6 k €	-320%	5,3 k €	+129%	-18 k €	-41.1%	-12,8 k €	-96.5%	-6,5 k €	+11.5%	-7,3 k €	-2102%	-333 €	+97.1%	-11,5 k €	-631%	2,2 k €
Balance sheet
Equity	155,1 k €	-11.9%	175,9 k €	-3.0%	181,4 k €	-3.3%	187,7 k €	-5.0%	197,6 k €	+692%	25 k €	+26.4%	19,8 k €	-12.8%	22,6 k €	+9.5%	20,7 k €	+155%	-37,9 k €	+0.8%	-38,2 k €	-43.8%	-26,5 k €	+16.6%	-31,8 k €	-130%	-13,8 k €	-1186%	-1,1 k €	-120%	5,4 k €	-57.5%	12,7 k €	-2.5%	13,1 k €	-46.8%	24,6 k €
Total assets	195,6 k €	-9.1%	215,1 k €	-5.4%	227,5 k €	-1.4%	230,7 k €	-4.5%	241,7 k €	-20.0%	302,2 k €	+2.8%	294 k €	-1.3%	297,9 k €	+1.9%	292,2 k €	+12.0%	260,8 k €	+2.2%	255,2 k €	-1.4%	258,8 k €	-2.9%	266,5 k €	-5.2%	281 k €	-4.0%	292,7 k €	-4.4%	306,1 k €	+8.1%	283,1 k €	-1.8%	288,4 k €	-15.0%	339,5 k €
Cash	5,1 k €	-67.8%	15,8 k €	-1.4%	16 k €	-12.5%	18,3 k €	-80.3%	92,7 k €	+47.5%	62,8 k €	+17.0%	53,7 k €	-9.1%	59,1 k €	+11.1%	53,2 k €	+162%	20,3 k €	+202%	6,7 k €	+3.7%	6,5 k €	-7.0%	7 k €	-8.8%	7,6 k €	+394%	1,5 k €		–		5,1 k €	+44.7%	3,5 k €		–
Debts	33,2 k €	+35.4%	24,5 k €	+1.9%	24 k €	+76.0%	13,7 k €	+85.7%	7,4 k €	-97.3%	277,2 k €	+1.1%	274,2 k €	-0.4%	275,3 k €	+1.4%	271,6 k €	-8.4%	296,5 k €	+1.7%	291,5 k €	+2.1%	285,3 k €	-4.3%	298,3 k €	+1.2%	294,8 k €	+0.4%	293,8 k €	-2.3%	300,7 k €	+11.2%	270,4 k €	-1.3%	274 k €	-12.6%	313,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 11 ended

Active mandates

Baudouin BAERT

Director · since 21 janvier 2024 · until 20 janvier 2029

Active

Benoît BAERT

Director · since 21 janvier 2023 · until 20 janvier 2029

Active

Hubert BAERT

Managing director · since 21 janvier 2023 · until 20 janvier 2029

Active

Ended mandates

Baudouin BAERT

Director · since 21 janvier 2024 · until 21 janvier 2029

Ended

Eliane VAN GYSEL

Director · since 21 janvier 2023 · until 20 janvier 2029

Ended

Baudouin BAERT

Director · since 20 janvier 2017 · until 21 janvier 2023

Ended

Benoît BAERT

Director · since 20 janvier 2017 · until 21 janvier 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/02/2026	01/02/2025	17/02/2024	20/02/2023	22/02/2022	25/01/2021
General meeting	17/01/2026	18/01/2025	21/01/2024	21/01/2023	15/01/2022	16/01/2021
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	30/09/2025	17/01/2026	09/02/2026	French	PDF
Abridged model	30/09/2024	18/01/2025	01/02/2025	French	PDF
Micro model	30/09/2023	21/01/2024	17/02/2024	French	PDF
Micro model	30/09/2022	21/01/2023	20/02/2023	French	PDF
Micro model	30/09/2021	15/01/2022	22/02/2022	French	PDF
Micro model	30/09/2020	16/01/2021	25/01/2021	French	PDF
Micro model	30/09/2019	18/01/2020	20/02/2020	French	PDF
Micro model	30/09/2018	19/01/2019	06/02/2019	French	PDF
Micro model	30/09/2017	20/01/2018	20/02/2018	French	PDF
Abridged model	30/09/2016	20/01/2017	15/02/2017	French	PDF
Abridged model	30/09/2015	16/01/2016	26/02/2016	French	PDF
Abridged model	30/09/2014	17/01/2015	28/02/2015	French	PDF
Abridged model	30/09/2013	18/01/2014	22/02/2014	French	PDF
Abridged model	30/09/2012	19/01/2013	18/02/2013	French	PDF
Abridged model	30/09/2011	21/01/2012	27/02/2012	French	PDF
Abridged model	30/09/2010	15/01/2011	25/02/2011	French	PDF
Abridged model	30/09/2009	16/01/2010	24/02/2010	French	PDF
Abridged model	30/09/2008	17/01/2009	26/02/2009	French	PDF
Abridged model	30/09/2007	19/01/2008	25/02/2008	French	PDF
Abridged model	30/09/2006	20/01/2007	16/02/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025 · 3 active · 11 ended

Active mandates

Baudouin BAERT

Director · since 21 janvier 2024 · until 20 janvier 2029

Active

Benoît BAERT

Director · since 21 janvier 2023 · until 20 janvier 2029

Active

Hubert BAERT

Managing director · since 21 janvier 2023 · until 20 janvier 2029

Active

Ended mandates

Baudouin BAERT

Director · since 21 janvier 2024 · until 21 janvier 2029

Ended

Eliane VAN GYSEL

Director · since 21 janvier 2023 · until 20 janvier 2029

Ended

Baudouin BAERT

Director · since 20 janvier 2017 · until 21 janvier 2023

Ended

Benoît BAERT

Director · since 20 janvier 2017 · until 21 janvier 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/03/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates23/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates22/02/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/10/2005
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-20,9 k €↓
2024
Annual accounts 2024-5,5 k €↑
2023
Annual accounts 2023-6,3 k €↑
2022
Annual accounts 2022-9,9 k €↓
2021
Annual accounts 2021172,6 k €↑
2020
Annual accounts 20205,2 k €↑
2019
Annual accounts 2019-2,9 k €↓
2018
Annual accounts 20182 k €↑
2017
Annual accounts 2017-16,4 k €↓
2016
Annual accounts 2016300 €↑
2015
Annual accounts 2015-11,6 k €↓
2014
Annual accounts 20145,3 k €↑
2013
Annual accounts 2013-18 k €↓
2012
Annual accounts 2012-12,8 k €↓
2011
Annual accounts 2011-6,5 k €↑
2010
Annual accounts 2010-7,3 k €↓
2009
Annual accounts 2009-333 €↑
2008
Annual accounts 2008-11,5 k €↓
2007
Annual accounts 20072,2 k €
11/07/1990
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

BATRECO

Overview

What does BATRECO 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