ACTIVE

BAERT

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Financial year 2025 · closed on 31/12/2025

Net result

22 k €

+105.5% YoY

Gross margin

77,9 k €

+76.7% YoY

Equity

343,3 k €

-4.2% YoY

What does BAERT do?

BAERT is a Private limited company incorporated in 1990. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Zaventem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.822.825

Incorporation

16/11/1990

Legal form

Private limited company

Registered office

Belgicastraat 9 box 10
1930 Zaventem · FlandreSee on map

Contributed capital

55 776,04 €

Latest accounts

31/12/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ 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	77,9 k €	+76.7%	44,1 k €	-7.1%	47,4 k €	-67.6%	146,6 k €	-38.7%	239,1 k €	+42.1%	168,2 k €	+1.3%	166,1 k €	+0.8%	164,9 k €	+39.2%	118,5 k €	-39.9%	197,1 k €	+0.4%	196,2 k €	+23.3%	159,2 k €	+10.5%	144 k €	-4.4%	150,6 k €	+8.7%	138,6 k €	+2.0%	135,9 k €	+2.0%	133,2 k €	+12.8%	118,1 k €	+55.4%	76 k €	+683%	-13 k €
EBITDA	62,3 k €	+76.8%	35,2 k €	-9.6%	38,9 k €	-70.6%	132,5 k €	-41.6%	227 k €	+44.5%	157,1 k €	-0.6%	158 k €	+1.5%	155,7 k €	+42.2%	109,5 k €	-41.9%	188,3 k €	+0.1%	188,2 k €	+26.9%	148,3 k €	+26.4%	117,3 k €	-4.7%	123,1 k €	+14.1%	107,9 k €	+21.5%	88,8 k €	-21.9%	113,7 k €	+27.2%	89,4 k €	+138%	37,6 k €	+214%	-32,9 k €
Operating result	40,3 k €	+254%	11,4 k €	-24.9%	15,1 k €	-86.0%	108,2 k €	-41.2%	184,1 k €	+76.5%	104,3 k €	+48.4%	70,3 k €	-25.1%	93,8 k €	+133%	40,3 k €	-66.2%	119,2 k €	+3.7%	115 k €	+147%	46,6 k €	+69.6%	27,5 k €	+342%	6,2 k €	-85.8%	43,9 k €	+132%	19 k €	-64.6%	53,5 k €	+284%	-29 k €	-98.6%	-14,6 k €	+83.0%	-85,8 k €
Net result	22 k €	+105%	10,7 k €	+159%	-18 k €	-140%	45,3 k €	-67.3%	138,5 k €	+64.0%	84,4 k €	+127%	37,2 k €	-9.4%	41 k €	+305%	10,1 k €	-80.0%	50,8 k €	+22.1%	41,6 k €	+85.4%	22,4 k €	-10.6%	25,1 k €	+267%	-15 k €	-198%	15,4 k €	+210%	-14 k €	-177%	18,1 k €	+141%	-44,2 k €	-252%	29,1 k €	+308%	-14 k €
Balance sheet
Equity	343,3 k €	-4.2%	358,5 k €	-7.8%	388,8 k €	-6.8%	417 k €	+12.2%	371,7 k €	+32.2%	281,2 k €	+42.9%	196,8 k €	+23.3%	159,6 k €	+34.6%	118,5 k €	+9.4%	108,4 k €	+88.2%	57,6 k €	0.0%	57,6 k €	-14.2%	67,1 k €	+59.7%	42 k €	-26.4%	57,1 k €	+37.0%	41,6 k €	-25.1%	55,6 k €	+48.2%	37,5 k €	-54.1%	81,8 k €	-1.1%	82,6 k €
Total assets	381,8 k €	+4.3%	366,2 k €	-8.6%	400,6 k €	-9.8%	443,9 k €	-36.6%	700,2 k €	-7.0%	752,6 k €	+3.8%	725,1 k €	+21.5%	596,9 k €	-27.9%	827,9 k €	-6.7%	887,2 k €	-10.4%	989,6 k €	-7.1%	1,1 M €	+9.9%	970,2 k €	+15.4%	840,7 k €	+27.2%	661 k €	-7.2%	712,3 k €	-1.9%	726,2 k €	-8.0%	789,7 k €	+65.9%	476 k €	+19.1%	399,8 k €
Cash	86,6 k €	+35.7%	63,8 k €	-38.4%	103,6 k €	+16.8%	88,6 k €	-42.2%	153,3 k €	+653%	20,4 k €	-15.8%	24,2 k €	+111%	11,5 k €	-26.6%	15,6 k €	-30.5%	22,5 k €	+109%	10,8 k €	-72.4%	39 k €	+201%	13 k €	+67.5%	7,7 k €	-23.3%	10,1 k €	+236%	3 k €	-45.3%	5,5 k €	-36.6%	8,6 k €	+36.9%	6,3 k €	+360%	1,4 k €
Debts	38,5 k €	+401%	7,7 k €	-34.7%	11,8 k €	-56.3%	27 k €	-91.8%	328,5 k €	-30.3%	471,4 k €	-10.8%	528,4 k €	+20.8%	437,3 k €	-38.4%	709,4 k €	-8.9%	778,8 k €	-16.4%	932 k €	-7.6%	1 M €	+11.6%	903,1 k €	+13.1%	798,7 k €	+32.3%	603,9 k €	-10.0%	670,7 k €	+0.0%	670,5 k €	-10.8%	752,1 k €	+90.8%	394,2 k €	+24.3%	317,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-80.0%	0,5 ETP	0.0%	0,5 ETP	-54.5%	1,1 ETP	-38.9%	1,8 ETP	+125%	0,8 ETP	-27.3%	1,1 ETP	-54.2%	2,4 ETP	+20.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Bart Vande Voorde

bestuurder

Active

Ended mandates

Bart Vande Voorde

Manager · since 18 avril 1996

Ended

Bart Vande Voorde

Manager

Ended

JAN KRAWINCKEL

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	27/07/2026	26/08/2025	18/07/2024	22/06/2023	14/07/2022	26/05/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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
Micro model	31/12/2025	15/05/2026	27/07/2026	Dutch	PDF
Micro model	31/12/2024	16/05/2025	26/08/2025	Dutch	PDF
Micro model	31/12/2023	17/05/2024	18/07/2024	Dutch	PDF
Micro model	31/12/2022	19/05/2023	22/06/2023	Dutch	PDF
Micro model	31/12/2021	20/05/2022	14/07/2022	Dutch	PDF
Micro model	31/12/2020	21/05/2021	26/05/2021	Dutch	PDF
Micro model	31/12/2019	15/05/2020	26/08/2020	Dutch	PDF
Micro model	31/12/2018	17/05/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	18/05/2018	24/08/2018	Dutch	PDF
Micro model	31/12/2016	19/05/2017	07/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	21/08/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	18/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	07/08/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	12/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 3 ended

Active mandates

Bart Vande Voorde

bestuurder

Active

Ended mandates

Bart Vande Voorde

Manager · since 18 avril 1996

Ended

Bart Vande Voorde

Manager

Ended

JAN KRAWINCKEL

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office09/05/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/04/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/03/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/04/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/06/2008
MAATSCHAPPELIJKE ZETEL
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 202522 k €↑
2024
Annual accounts 202410,7 k €↑
2023
Annual accounts 2023-18 k €↓
2022
Annual accounts 202245,3 k €↓
2021
Annual accounts 2021138,5 k €↑
2020
Annual accounts 202084,4 k €↑
2019
Annual accounts 201937,2 k €↓
2018
Annual accounts 201841 k €↑
2017
Annual accounts 201710,1 k €↓
2016
Annual accounts 201650,8 k €↑
2015
Annual accounts 201541,6 k €↑
2014
Annual accounts 201422,4 k €↓
2013
Annual accounts 201325,1 k €↑
2012
Annual accounts 2012-15 k €↓
2011
Annual accounts 201115,4 k €↑
2010
Annual accounts 2010-14 k €↓
2009
Annual accounts 200918,1 k €↑
2008
Annual accounts 2008-44,2 k €↓
2007
Annual accounts 200729,1 k €↑
2006
Annual accounts 2006-14 k €
16/11/1990
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

BAERT

Overview

What does BAERT 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