ACTIVE

BAGERAN

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Financial year 2025 · closed on 31/12/2025

Net result

11,2 k €

-65.7% YoY

Gross margin

61 k €

-30.0% YoY

Equity

2,9 M €

+0.4% YoY

What does BAGERAN do?

BAGERAN is a Public limited company incorporated in 1992. Its main activity is: Forestry and logging. Its registered office is in Kontich.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.985.403

Incorporation

27/03/1992

Legal form

Public limited company

Registered office

Keizershoek 257
2550 Kontich · FlandreSee on map

Contributed capital

1 308 900,00 €

Latest accounts

31/12/2025

Activities (NACE)

02020Forestry and logging· main 02400Support services to forestry 02400Support services to forestry

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	61 k €	-30.0%	87,1 k €	-44.8%	157,9 k €	+58.9%	99,3 k €	-17.7%	120,6 k €	-83.6%	737,4 k €	+906%	73,3 k €	-52.1%	153,2 k €	+59.0%	96,4 k €	+63.4%	59 k €	-54.0%	128,1 k €	-3.1%	132,1 k €	+27.8%	103,4 k €	+13.3%	91,3 k €	-0.2%	91,5 k €	-10.7%	102,4 k €	-1.2%	103,7 k €	+84.5%	56,2 k €	+14.1%	49,2 k €	+11.6%	44,1 k €
EBITDA	46,4 k €	-38.0%	74,8 k €	-49.2%	147,4 k €	+70.1%	86,7 k €	-18.4%	106,2 k €	-84.5%	685,7 k €	+1044%	59,9 k €	-58.3%	143,9 k €	+67.3%	86 k €	+82.1%	47,2 k €	-59.6%	116,9 k €	-1.0%	118,1 k €	+23.7%	95,4 k €	+20.7%	79,1 k €	-4.3%	82,6 k €	-11.2%	93 k €	-2.9%	95,8 k €	+96.2%	48,8 k €	+15.1%	42,4 k €	+13.1%	37,5 k €
Operating result	2,2 k €	-91.2%	24,3 k €	-74.9%	96,9 k €	+437%	18 k €	-54.5%	39,6 k €	-93.8%	636,5 k €	+1662%	36,1 k €	-69.9%	120 k €	+93.1%	62,2 k €	+161%	23,8 k €	-74.6%	93,8 k €	-1.1%	94,8 k €	+30.0%	73 k €	+0.3%	72,7 k €	+13.4%	64,2 k €	-14.1%	74,7 k €	-3.6%	77,5 k €	+131%	33,5 k €	+20.5%	27,8 k €	+23.5%	22,5 k €
Net result	11,2 k €	-65.7%	32,6 k €	-54.9%	72,3 k €	+729%	8,7 k €	-70.0%	29,1 k €	-94.0%	484,4 k €	+3084%	15,2 k €	-83.7%	93,2 k €	+106%	45,2 k €	+90.1%	23,8 k €	-68.6%	75,9 k €	-7.4%	82 k €	+20.8%	67,9 k €	-4.8%	71,3 k €	+9.9%	64,8 k €	-10.2%	72,2 k €	-5.1%	76,1 k €	+25.7%	60,5 k €	-61.2%	155,8 k €	+593%	22,5 k €
Balance sheet
Equity	2,9 M €	+0.4%	2,9 M €	+1.1%	2,9 M €	+2.5%	2,8 M €	+0.3%	2,8 M €	+1.1%	2,8 M €	+21.3%	2,3 M €	+0.7%	2,3 M €	+4.3%	2,2 M €	+2.1%	2,1 M €	+1.1%	2,1 M €	+3.8%	2 M €	+4.2%	1,9 M €	+3.6%	1,9 M €	+4.0%	1,8 M €	+3.7%	1,7 M €	+4.3%	1,7 M €	+4.8%	1,6 M €	+4.0%	1,5 M €	+11.4%	1,4 M €
Total assets	2,9 M €	+0.5%	2,9 M €	-2.2%	3 M €	+1.9%	2,9 M €	-0.7%	2,9 M €	+0.6%	2,9 M €	+26.0%	2,3 M €	+1.2%	2,3 M €	+4.6%	2,2 M €	+2.3%	2,1 M €	+1.2%	2,1 M €	-1.5%	2,1 M €	+8.3%	2 M €	+5.6%	1,9 M €	+4.1%	1,8 M €	+3.8%	1,7 M €	+3.9%	1,7 M €	+5.4%	1,6 M €	-0.7%	1,6 M €	+15.7%	1,4 M €
Cash	173,6 k €	+21.8%	142,5 k €	-52.7%	301,1 k €	-27.1%	413 k €	+6.9%	386,3 k €	-2.8%	397,3 k €	+147%	161,1 k €	-5.5%	170,5 k €	-2.9%	175,7 k €	+41.7%	124 k €	+40.7%	88,1 k €	+3.9%	84,8 k €	+339%	19,3 k €	-93.7%	306,2 k €	+24.1%	246,8 k €	+42.8%	172,8 k €	+30.5%	132,4 k €	+78.5%	74,2 k €		–		41 k €
Debts	4,7 k €	+160%	1,8 k €	-68.4%	5,8 k €	+7.9%	5,3 k €	+2.1%	5,2 k €	-26.5%	7,1 k €	-83.2%	42,4 k €	+45.3%	29,2 k €	+35.4%	21,6 k €	+16.3%	18,5 k €	+13.0%	16,4 k €	-86.7%	123,7 k €	+191%	42,5 k €	+598%	6,1 k €	+78.6%	3,4 k €	+19.5%	2,9 k €	-71.5%	10 k €	+5630%	174,5 €	-98.4%	11 k €	+2.6%	10,7 k €

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 · 11 ended

Active mandates

Bart Vermeiren

Mandate

Active

Hilda Beyers

Mandate

Active

Ludo Vermeiren

Mandate

Active

Ended mandates

Bart Vermeiren

Director · since 28 avril 2016 · until 28 avril 2022

Ended

Hilda Beyers

Director · since 28 avril 2016 · until 28 avril 2022

Ended

Hilde BEYERS

Director · since 28 avril 2016 · until 28 avril 2022

Ended

Ludo Vermeiren

Managing director · since 28 avril 2016 · until 28 avril 2022

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	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	06/08/2026	23/06/2025	11/09/2024	08/09/2023	21/09/2022	29/07/2021
General meeting	06/07/2026	06/06/2025	29/08/2024	31/08/2023	31/08/2022	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	06/07/2026	06/08/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	23/06/2025	Dutch	PDF
Abridged model	31/12/2023	29/08/2024	11/09/2024	Dutch	PDF
Abridged model	31/12/2022	31/08/2023	08/09/2023	Dutch	PDF
Abridged model	31/12/2021	31/08/2022	21/09/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/04/2020	28/05/2020	Dutch	PDF
Abridged model	31/12/2018	30/04/2019	26/06/2019	Dutch	PDF
Abridged model	31/12/2017	24/04/2018	29/06/2018	Dutch	PDF
Micro model	31/12/2016	25/04/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	26/04/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	28/04/2015	17/08/2015	Dutch	PDF
Abridged model	31/12/2013	22/04/2014	07/08/2014	Dutch	PDF
Abridged model	31/12/2012	23/04/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	24/04/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	26/04/2011	18/08/2011	Dutch	PDF
Abridged model	31/12/2009	27/04/2010	05/07/2010	Dutch	PDF
Abridged model	31/12/2008	28/04/2009	16/06/2009	Dutch	PDF
Abridged model	31/12/2007	22/04/2008	28/05/2008	Dutch	PDF
Abridged model	31/12/2006	16/05/2007	23/07/2007	Dutch	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 · 11 ended

Active mandates

Bart Vermeiren

Mandate

Active

Hilda Beyers

Mandate

Active

Ludo Vermeiren

Mandate

Active

Ended mandates

Bart Vermeiren

Director · since 28 avril 2016 · until 28 avril 2022

Ended

Hilda Beyers

Director · since 28 avril 2016 · until 28 avril 2022

Ended

Hilde BEYERS

Director · since 28 avril 2016 · until 28 avril 2022

Ended

Ludo Vermeiren

Managing director · since 28 avril 2016 · until 28 avril 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other19/08/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other25/07/2011
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2005
ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/12/2003
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 202511,2 k €↓
2024
Annual accounts 202432,6 k €↓
2023
Annual accounts 202372,3 k €↑
2022
Annual accounts 20228,7 k €↓
2021
Annual accounts 202129,1 k €↓
2020
Annual accounts 2020484,4 k €↑
2019
Annual accounts 201915,2 k €↓
2018
Annual accounts 201893,2 k €↑
2017
Annual accounts 201745,2 k €↑
2016
Annual accounts 201623,8 k €↓
2015
Annual accounts 201575,9 k €↓
2014
Annual accounts 201482 k €↑
2013
Annual accounts 201367,9 k €↓
2012
Annual accounts 201271,3 k €↑
2011
Annual accounts 201164,8 k €↓
2010
Annual accounts 201072,2 k €↓
2009
Annual accounts 200976,1 k €↑
2008
Annual accounts 200860,5 k €↓
2007
Annual accounts 2007155,8 k €↑
2006
Annual accounts 200622,5 k €
27/03/1992
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

BAGERAN

Overview

What does BAGERAN 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