ACTIVE

BAKKERIJ THYSSEN

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Financial year 2025 · closed on 31/12/2025

Net result

-72,6 k €

-136.2% YoY

Gross margin

2,8 M €

+15.2% YoY

Equity

948,2 k €

-7.1% YoY

Workforce

41,0 ETP

+24.2% YoY

What does BAKKERIJ THYSSEN do?

BAKKERIJ THYSSEN is a Public limited company incorporated in 1990. Its registered office is in Sint-Gillis-Waas. It employs on average 41,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.004.056

Incorporation

02/10/1990

Legal form

Public limited company

Registered office

Kluizenhof(SGW) 15
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

416 446,76 €

Latest accounts

31/12/2025

Average workforce

41,0 ETP

Joint committees (3)

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	2,8 M €	+15.2%	2,4 M €	+20.5%	2 M €	+2.0%	2 M €	-20.2%	2,5 M €	-20.6%	3,1 M €	-2.7%	3,2 M €	+12.3%	2,8 M €	-14.3%	3,3 M €	+11.1%	3 M €	+18.0%	2,5 M €	+31.5%	1,9 M €	+27.6%	1,5 M €	+25.0%	1,2 M €	-1.0%	1,2 M €	+21.0%	1 M €	+10.1%	910,2 k €	+11.9%	813,6 k €	+15.3%	705,8 k €	+27.5%	553,6 k €
EBITDA	174,3 k €	-62.6%	466 k €	+38.4%	336,8 k €	+41.5%	238 k €	-9.5%	263 k €	-49.6%	522,1 k €	+27.7%	408,8 k €	-15.4%	483,1 k €	-48.4%	936,3 k €	-4.7%	982,1 k €	+23.1%	797,6 k €	+79.8%	443,5 k €	+13.8%	389,9 k €	-1.4%	395,5 k €	+26.8%	311,9 k €	+25.5%	248,5 k €	-13.8%	288,4 k €	-1.9%	293,8 k €	+31.5%	223,4 k €	+250%	63,7 k €
Operating result	-69,6 k €	-125%	273,8 k €	+218%	86,2 k €	+906%	-10,7 k €	-9378%	115,2 €	-100.0%	238,4 k €	+176%	86,5 k €	-50.7%	175,3 k €	-71.8%	620,9 k €	-4.6%	651 k €	+31.1%	496,5 k €	+194%	168,7 k €	+1.8%	165,7 k €	-2.4%	169,9 k €	+181%	60,5 k €	+16.3%	52 k €	-57.3%	121,9 k €	-24.4%	161,3 k €	+56.8%	102,9 k €	+272%	-59,9 k €
Net result	-72,6 k €	-136%	200,5 k €	+260%	55,6 k €	+491%	-14,2 k €	-115%	-6,6 k €	-104%	175,6 k €	+148%	70,7 k €	-44.2%	126,7 k €	-68.8%	406,5 k €	-3.0%	419,1 k €	+39.5%	300,5 k €	+230%	91,2 k €	+15.6%	78,8 k €	-11.0%	88,6 k €	+126%	39,3 k €	+54.3%	25,4 k €	-68.8%	81,5 k €	-16.6%	97,7 k €	+20.2%	81,3 k €	+187%	-92,9 k €
Balance sheet
Equity	948,2 k €	-7.1%	1 M €	+1.0%	1 M €	-19.5%	1,3 M €	-1.1%	1,3 M €	-0.5%	1,3 M €	+6.3%	1,2 M €	-36.1%	1,9 M €	+5.1%	1,8 M €	+29.4%	1,4 M €	+43.6%	961,9 k €	+45.4%	661,4 k €	+16.0%	570,3 k €	+5.6%	540 k €	+15.5%	467,5 k €	+5.2%	444,4 k €	+6.1%	419 k €	+18.5%	353,6 k €	+38.2%	255,9 k €	+46.6%	174,6 k €
Total assets	3,1 M €	-3.2%	3,2 M €	-3.6%	3,3 M €	-4.3%	3,5 M €	+9.3%	3,2 M €	-0.0%	3,2 M €	-21.1%	4 M €	+7.9%	3,7 M €	+14.3%	3,3 M €	+6.8%	3 M €	+10.8%	2,7 M €	+14.7%	2,4 M €	+23.2%	1,9 M €	+4.8%	1,9 M €	+6.7%	1,7 M €	+11.3%	1,6 M €	+43.4%	1,1 M €	+10.3%	988 k €	-7.3%	1,1 M €	+16.0%	918,3 k €
Cash	215,6 k €	+26.4%	170,6 k €	+72.9%	98,7 k €	-26.5%	134,2 k €	+43.6%	93,5 k €	-61.3%	241,3 k €	+64.7%	146,5 k €	+78.5%	82,1 k €	+23.4%	66,6 k €	+150%	26,6 k €	-28.4%	37,1 k €	+50.2%	24,7 k €	-31.5%	36,1 k €	+203%	11,9 k €	-80.7%	61,8 k €	-77.1%	270 k €	+504%	44,7 k €	+140%	18,6 k €	+235%	5,5 k €	-46.6%	10,4 k €
Debts	2,1 M €	-1.4%	2,2 M €	-5.1%	2,3 M €	+3.6%	2,2 M €	+16.3%	1,9 M €	+0.5%	1,9 M €	-33.0%	2,8 M €	+53.1%	1,8 M €	+26.7%	1,4 M €	-12.9%	1,7 M €	-6.8%	1,8 M €	+3.0%	1,7 M €	+26.2%	1,4 M €	+4.5%	1,3 M €	+3.5%	1,3 M €	+13.7%	1,1 M €	+66.8%	670 k €	+5.9%	632,6 k €	-21.8%	809,4 k €	+8.8%	743,7 k €
Other
Workforce	41,0 ETP	+24.2%	33,0 ETP	+13.8%	29,0 ETP	-17.1%	35,0 ETP	-18.6%	43,0 ETP	-17.3%	52,0 ETP	-7.1%	56,0 ETP	+14.5%	48,9 ETP	+4.9%	46,6 ETP	+6.4%	43,8 ETP	+17.7%	37,2 ETP	+18.8%	31,3 ETP	+29.3%	24,2 ETP	+7.1%	22,6 ETP	-21.8%	28,9 ETP	+19.4%	24,2 ETP	+19.2%	20,3 ETP	+31.0%	15,5 ETP	+6.9%	14,5 ETP	-15.7%	17,2 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 · 18 ended

Active mandates

COOKIE INVEST

Managing director · since 29 décembre 2023 · until 28 mai 2029 · 0847.547.891

Represented by Benoît de Ryck

Active

Pascal Van Ginderachter

Director · since 29 décembre 2023 · until 28 mai 2029

Active

Ended mandates

COOKIE INVEST

Director · since 29 décembre 2017 · until 29 décembre 2023 · 0847.547.891

Represented by Benoît de Ryck

Ended

COOKIE INVEST

Managing director · since 29 décembre 2017 · until 29 décembre 2023 · 0847.547.891

Represented by Benoît de Ryck

Ended

Pascal Van Ginderachter

Director · since 29 décembre 2017 · until 29 décembre 2023

Ended

SITP

Managing director · since 29 décembre 2017 · until 12 mars 2020 · 0885.838.741

Represented by Benoît de Ryck

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	01/01/2025	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	17/07/2026	27/06/2025	26/06/2024	23/06/2023	12/07/2022	29/06/2021
General meeting	25/05/2026	26/05/2025	27/05/2024	29/05/2023	30/05/2022	31/05/2021
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
Abridged model	31/12/2025	25/05/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	26/06/2024	Dutch	PDF
Abridged model	31/12/2022	29/05/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	30/05/2017	Dutch	PDF
Abridged model	31/12/2015	08/08/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	25/08/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	19/08/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	24/09/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	16/08/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	25/08/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	27/08/2007	31/08/2007	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 · 18 ended

Active mandates

COOKIE INVEST

Managing director · since 29 décembre 2023 · until 28 mai 2029 · 0847.547.891

Represented by Benoît de Ryck

Active

Pascal Van Ginderachter

Director · since 29 décembre 2023 · until 28 mai 2029

Active

Ended mandates

COOKIE INVEST

Director · since 29 décembre 2017 · until 29 décembre 2023 · 0847.547.891

Represented by Benoît de Ryck

Ended

COOKIE INVEST

Managing director · since 29 décembre 2017 · until 29 décembre 2023 · 0847.547.891

Represented by Benoît de Ryck

Ended

Pascal Van Ginderachter

Director · since 29 décembre 2017 · until 29 décembre 2023

Ended

SITP

Managing director · since 29 décembre 2017 · until 12 mars 2020 · 0885.838.741

Represented by Benoît de Ryck

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/05/2004
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 2025-72,6 k €↓
2024
Annual accounts 2024200,5 k €↑
2023
Annual accounts 202355,6 k €↑
2022
Annual accounts 2022-14,2 k €↓
2021
Annual accounts 2021-6,6 k €↓
2020
Annual accounts 2020175,6 k €↑
2019
Annual accounts 201970,7 k €↓
2018
Annual accounts 2018126,7 k €↓
2017
Annual accounts 2017406,5 k €↓
2016
Annual accounts 2016419,1 k €↑
2015
Annual accounts 2015300,5 k €↑
2014
Annual accounts 201491,2 k €↑
2013
Annual accounts 201378,8 k €↓
2012
Annual accounts 201288,6 k €↑
2011
Annual accounts 201139,3 k €↑
2010
Annual accounts 201025,4 k €↓
2009
Annual accounts 200981,5 k €↓
2008
Annual accounts 200897,7 k €↑
2007
Annual accounts 200781,3 k €↑
2006
Annual accounts 2006-92,9 k €
02/10/1990
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

BAKKERIJ THYSSEN

Overview

What does BAKKERIJ THYSSEN do?

Trend over 20 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