ACTIVE

BAERT CONSTRUCTION

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Financial year 2025 · closed on 31/12/2025

Net result

121,8 k €

+5943.6% YoY

Gross margin

1,6 M €

+25.0% YoY

Equity

881,1 k €

+16.0% YoY

Workforce

28,5 ETP

+1.8% YoY

What does BAERT CONSTRUCTION do?

BAERT CONSTRUCTION is a Public limited company incorporated in 1991. Its main activity is: Construction of buildings. Its registered office is in Binche. It employs on average 28,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.097.852

Incorporation

13/12/1991

Legal form

Public limited company

Registered office

Route de Charleroi(EP) 166
7134 Binche · WallonieSee on map

Contributed capital

350 000,00 €

Latest accounts

31/12/2025

Average workforce

28,5 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1,6 M €	+25.0%	1,3 M €	-20.3%	1,6 M €	+13.0%	1,5 M €	+25.9%	1,2 M €	+20.9%	954,9 k €	+12.3%	850,5 k €	+7.4%	792,3 k €	+35.6%	584,5 k €	+15.2%	507,5 k €	-0.0%	507,6 k €	+16.3%	436,6 k €	-19.3%	540,7 k €	-2.7%	555,7 k €	+15.0%	483,2 k €	+19.7%	403,8 k €	+34.0%	301,3 k €	+61.4%	186,6 k €	+790%	21 k €	+1029%	-2,3 k €
EBITDA	403,8 k €	+157%	157,1 k €	-64.5%	442,8 k €	+37.3%	322,4 k €	+111%	153 k €	-12.6%	174,9 k €	+89.7%	92,2 k €	+58.9%	58 k €	+36.2%	42,6 k €	+64.4%	25,9 k €	-47.3%	49,2 k €	+58.9%	31 k €	-24.7%	41,1 k €	-8.8%	45,1 k €	+380%	-16,1 k €	-177%	21 k €	+7.2%	19,6 k €	+44.5%	13,5 k €	-26.3%	18,4 k €	+486%	-4,8 k €
Operating result	187,3 k €	+928%	18,2 k €	-94.0%	303,7 k €	+31.3%	231,2 k €	+266%	63,2 k €	-43.5%	111,8 k €	+138%	47 k €	+73.9%	27,1 k €	+0.7%	26,9 k €	+112%	12,7 k €	-47.2%	24 k €	+1114%	2 k €	-79.3%	9,5 k €	-22.0%	12,2 k €	+131%	-38,8 k €	-455%	11 k €	-25.3%	14,7 k €	+52.1%	9,6 k €	-47.3%	18,3 k €	+395%	-6,2 k €
Net result	121,8 k €	+5944%	2 k €	-99.1%	225 k €	+30.6%	172,4 k €	+256%	48,5 k €	-46.3%	90,2 k €	+193%	30,8 k €	+92.4%	16 k €	-4.3%	16,7 k €	+126%	7,4 k €	-57.3%	17,3 k €	+325%	4,1 k €	-18.1%	5 k €	+32.4%	3,8 k €	+90.7%	2 k €	-24.3%	2,6 k €	-70.4%	8,8 k €	+10.0%	8 k €	-56.5%	18,4 k €	+405%	-6 k €
Balance sheet
Equity	881,1 k €	+16.0%	759,2 k €	+0.3%	757,2 k €	+42.3%	532,2 k €	+47.9%	359,8 k €	+15.6%	311,3 k €	+40.8%	221,1 k €	+16.2%	190,3 k €	+24.1%	153,3 k €	+12.2%	136,6 k €	+5.7%	129,2 k €	+12.3%	115,1 k €	+3.7%	111 k €	+4.7%	106 k €	+3.7%	102,3 k €	+2.0%	100,3 k €	+2.7%	97,7 k €	+9.9%	88,9 k €	+9.9%	80,9 k €	+29.4%	62,5 k €
Total assets	1,9 M €	+15.4%	1,6 M €	-10.3%	1,8 M €	+43.2%	1,3 M €	+37.8%	929,4 k €	+16.4%	798,4 k €	+9.6%	728,4 k €	+5.6%	689,6 k €	+11.5%	618,4 k €	+67.3%	369,6 k €	+1.6%	363,9 k €	+14.5%	317,8 k €	-30.2%	455,2 k €	-9.0%	500,1 k €	+6.4%	470,2 k €	-9.4%	519,1 k €	+106%	251,8 k €	-57.2%	588,8 k €	+508%	96,9 k €	+44.4%	67,1 k €
Cash	420,4 k €	+67.3%	251,3 k €	-49.0%	492,9 k €	+124%	220,5 k €	+701%	27,5 k €	-74.7%	108,6 k €	-13.8%	126 k €	+428%	23,9 k €	-53.9%	51,8 k €	+3.6%	50 k €	-78.6%	233,9 k €	+397%	47,1 k €	+1049%	4,1 k €	-43.6%	7,3 k €	-90.5%	76,2 k €	+323%	18 k €	-31.1%	26,2 k €	-68.5%	83 k €	+644%	11,1 k €	-63.5%	30,5 k €
Debts	1 M €	+14.8%	885,3 k €	-17.8%	1,1 M €	+43.9%	748,5 k €	+31.4%	569,6 k €	+16.9%	487,1 k €	-4.0%	507,3 k €	+2.3%	495,8 k €	+6.8%	464,4 k €	+99.8%	232,4 k €	-1.0%	234,7 k €	+15.8%	202,7 k €	-41.1%	344,3 k €	+8.3%	318 k €	-13.6%	368 k €	-12.1%	418,8 k €	+172%	154,2 k €	-69.2%	500 k €	+3022%	16 k €	+249%	4,6 k €
Other
Workforce	28,5 ETP	+1.8%	28,0 ETP	-0.7%	28,2 ETP	-1.7%	28,7 ETP	+7.5%	26,7 ETP	+4.7%	25,5 ETP	+18.1%	21,6 ETP	+4.9%	20,6 ETP	+9.0%	18,9 ETP	+1.1%	18,7 ETP	+11.3%	16,8 ETP	+8.4%	15,5 ETP	-20.5%	19,5 ETP	+5.4%	18,5 ETP	+5.7%	17,5 ETP	-2.8%	18,0 ETP	-5.3%	19,0 ETP	+160%	7,3 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

Jean BAERT

Managing director · since 06 février 2023 · until 06 février 2029

Active

Joëlle CAMPION

Director · since 06 février 2023 · until 06 février 2029

Active

Jonas BAERT

Director · since 06 février 2023 · until 06 février 2029

Active

Ended mandates

Joëlle CAMPION

Director · since 19 octobre 2006

Ended

Jean BAERT

Mandate

Ended

Jean BAERT

Managing director

Ended

Jean-Marc VANDENHENDE

Managing director · until 19 octobre 2006

Ended

At this address

Other companies at this address

Company	CBE no.
SAINT FIACRE● Active	0872.063.256

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

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 8 ended

Active mandates

Jean BAERT

Managing director · since 06 février 2023 · until 06 février 2029

Active

Joëlle CAMPION

Director · since 06 février 2023 · until 06 février 2029

Active

Jonas BAERT

Director · since 06 février 2023 · until 06 février 2029

Active

Ended mandates

Joëlle CAMPION

Director · since 19 octobre 2006

Ended

Jean BAERT

Mandate

Ended

Jean BAERT

Managing director

Ended

Jean-Marc VANDENHENDE

Managing director · until 19 octobre 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/02/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates01/09/2021
DEMISSIONS, NOMINATIONS
PDF
Capital / shares30/11/2018
CAPITAL, ACTIONS
PDF
Mandates16/07/2013
DEMISSIONS, NOMINATIONS
PDF
Other02/02/2010
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates07/11/2006
SIEGE SOCIAL - DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates17/05/2004
SIEGE SOCIAL - DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates24/10/2003
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 2025121,8 k €↑
2024
Annual accounts 20242 k €↓
2023
Annual accounts 2023225 k €↑
2022
Annual accounts 2022172,4 k €↑
2021
Annual accounts 202148,5 k €↓
2020
Annual accounts 202090,2 k €↑
2019
Annual accounts 201930,8 k €↑
2018
Annual accounts 201816 k €↓
2017
Annual accounts 201716,7 k €↑
2016
Annual accounts 20167,4 k €↓
2015
Annual accounts 201517,3 k €↑
2014
Annual accounts 20144,1 k €↓
2013
Annual accounts 20135 k €↑
2012
Annual accounts 20123,8 k €↑
2011
Annual accounts 20112 k €↓
2010
Annual accounts 20102,6 k €↓
2009
Annual accounts 20098,8 k €↑
2008
Annual accounts 20088 k €↓
2007
Annual accounts 200718,4 k €↑
2006
Annual accounts 2006-6 k €
13/12/1991
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

BAERT CONSTRUCTION

Overview

What does BAERT CONSTRUCTION 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