ACTIVE

BAG-MacBen

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Financial year 2025 · closed on 31/12/2025

Net result

34,2 k €

+115.0% YoY

Gross margin

463,1 k €

+6.7% YoY

Equity

167,2 k €

+226.2% YoY

Workforce

4,0 ETP

-38.5% YoY

What does BAG-MacBen do?

BAG-MacBen is a Private limited company incorporated in 1992. Its registered office is in Sint-Niklaas. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.286.695

Incorporation

27/04/1992

Legal form

Private limited company

Registered office

Oostjachtpark 12
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

63 212,85 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	463,1 k €	+6.7%	434,2 k €	-34.3%	660,9 k €	+40.8%	469,2 k €	-48.6%	913 k €	+28.3%	711,5 k €	+33.3%	533,9 k €	+14.5%	466,4 k €	+84.7%	252,5 k €	-17.5%	306 k €	-33.1%	457,5 k €	+28.6%	355,7 k €	+20.7%	294,8 k €	+11.4%	264,7 k €	+35.2%	195,8 k €	+6.2%	184,4 k €	+12.4%	164,1 k €	-15.4%	194 k €	+14.7%	169,2 k €	+66.1%	101,9 k €
EBITDA	161,8 k €	+259%	-102,1 k €	-417%	-19,7 k €	-382%	7 k €	-98.2%	385,7 k €	+63.9%	235,3 k €	+116%	108,7 k €	-62.3%	288,5 k €	+172%	106,2 k €	+43.0%	74,3 k €	-65.4%	214,3 k €	+98.1%	108,2 k €	+83.5%	58,9 k €	-14.8%	69,2 k €	+288%	17,8 k €	-56.9%	41,3 k €	+11.3%	37,1 k €	-45.8%	68,5 k €	+25.2%	54,7 k €	+188%	19 k €
Operating result	107,5 k €	+168%	-157,3 k €	-106%	-76,3 k €	-99.0%	-38,4 k €	-112%	321,6 k €	+96.5%	163,7 k €	+257%	45,8 k €	-79.7%	225,4 k €	+521%	36,3 k €	-14.0%	42,2 k €	-74.3%	164,4 k €	+109%	78,5 k €	+160%	30,2 k €	-11.4%	34 k €	+903%	-4,2 k €	-127%	15,7 k €	+86.9%	8,4 k €	-76.5%	35,7 k €	+55.9%	22,9 k €	+801%	-3,3 k €
Net result	34,2 k €	+115%	-227,3 k €	-58.2%	-143,7 k €	-131%	-62,2 k €	-124%	259,8 k €	+155%	102,1 k €	+186%	35,6 k €	-81.2%	189,8 k €	+3506%	5,3 k €	+91.1%	2,8 k €	-97.2%	98,7 k €	+110%	46,9 k €	+771%	5,4 k €	-57.1%	12,6 k €	+146%	-27,1 k €	-527%	-4,3 k €	+75.9%	-18 k €	-193%	19,2 k €	+2207%	833,1 €	+104%	-22,5 k €
Balance sheet
Equity	167,2 k €	+226%	51,3 k €	-81.6%	278,6 k €	-33.6%	419,5 k €	-12.9%	481,7 k €	-0.6%	484,4 k €	+20.4%	402,3 k €	+4.0%	386,7 k €	+96.4%	196,9 k €	+2.7%	191,6 k €	+19.1%	160,8 k €	+109%	77,1 k €	+78.4%	43,2 k €	+14.2%	37,9 k €	+49.6%	25,3 k €	-51.7%	52,4 k €	-7.6%	56,7 k €	-24.0%	74,7 k €	+34.6%	55,5 k €	+1.5%	54,6 k €
Total assets	2,2 M €	+17.4%	1,9 M €	-4.7%	2 M €	-1.7%	2 M €	-9.4%	2,2 M €	+5.9%	2,1 M €	+8.9%	1,9 M €	-0.4%	1,9 M €	-12.3%	2,2 M €	+56.7%	1,4 M €	-5.3%	1,5 M €	+35.1%	1,1 M €	+27.5%	863,4 k €	-10.4%	963,5 k €	+8.3%	889,6 k €	+41.0%	631 k €	-6.0%	671 k €	+10.7%	606,2 k €	-6.5%	648,3 k €	+10.1%	588,8 k €
Cash	37 k €	+175%	13,4 k €	-77.4%	59,4 k €	-28.0%	82,5 k €	-11.1%	92,9 k €	-51.7%	192,4 k €	+94.3%	99 k €	+55.7%	63,6 k €	-49.5%	126,1 k €	+25.4%	100,5 k €	-33.9%	152,1 k €	+12.8%	134,8 k €	+0.5%	134,1 k €	+72.6%	77,7 k €	-30.2%	111,3 k €	+777%	12,7 k €	-81.9%	70 k €	+2919%	2,3 k €	-55.1%	5,2 k €	+59.0%	3,2 k €
Debts	2 M €	+11.9%	1,8 M €	+8.3%	1,7 M €	+4.6%	1,6 M €	-7.8%	1,7 M €	+7.7%	1,6 M €	+7.6%	1,5 M €	-3.0%	1,5 M €	-23.4%	2 M €	+65.5%	1,2 M €	-8.4%	1,3 M €	+29.9%	1 M €	+24.9%	813,9 k €	-11.6%	921,1 k €	+6.8%	862,8 k €	+49.5%	577,1 k €	-5.8%	612,8 k €	+15.6%	530 k €	-10.4%	591,4 k €	+11.0%	532,7 k €
Other
Workforce	4,0 ETP	-38.5%	6,5 ETP	-27.8%	9,0 ETP	+30.4%	6,9 ETP	-19.8%	8,6 ETP	+13.2%	7,6 ETP	+10.1%	6,9 ETP	+130%	3,0 ETP	+25.0%	2,4 ETP	-14.3%	2,8 ETP	-31.7%	4,1 ETP	+7.9%	3,8 ETP	-13.6%	4,4 ETP	+25.7%	3,5 ETP	-2.8%	3,6 ETP	+44.0%	2,5 ETP	-3.8%	2,6 ETP	-13.3%	3,0 ETP	+7.1%	2,8 ETP	+47.4%	1,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Newton Force

Director · 0756.639.293

Represented by Cédric De Quinnemar

Active

Ended mandates

Newton Force

Director · since 29 mars 2023 · 0756.639.293

Represented by Cédric De Quinnemar

Ended

Cedric De Quinnemar

Director · since 19 octobre 2021

Ended

Frederik Castelain

Director · since 19 octobre 2021

Ended

Kurt Rommens

Director · since 19 octobre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Cromen● Active	0824.014.901
EUROPEAN LAB SERVICES● Active	0882.840.946
OPTIMUS● Active	0432.699.479

Annual accounts

Full financial information

	2025	2024	2023	2022	2022	2021
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	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	9 months	12 months	12 months
Filing date	01/07/2026	29/08/2025	03/07/2024	28/08/2023	03/11/2022	29/09/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	26/08/2022	27/08/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	03/07/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	28/08/2023	Dutch	PDF
Abridged model	31/03/2022	26/08/2022	03/11/2022	Dutch	PDF
Abridged model	31/03/2021	27/08/2021	29/09/2021	Dutch	PDF
Abridged model	31/03/2020	18/09/2020	29/10/2020	Dutch	PDF
Abridged model	31/03/2019	30/08/2019	30/09/2019	Dutch	PDF
Abridged model	31/03/2018	05/09/2018	24/10/2018	Dutch	PDF
Abridged model	31/03/2017	25/08/2017	12/10/2017	Dutch	PDF
Abridged model	31/03/2016	26/08/2016	12/12/2016	Dutch	PDF
Abridged modelCorrection	31/03/2015	28/08/2015	03/12/2015	Dutch	PDF
Abridged model	31/03/2015	28/08/2015	29/09/2015	Dutch	PDF
Abridged model	31/03/2014	29/08/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	30/08/2013	29/10/2013	Dutch	PDF
Abridged model	31/03/2012	31/08/2012	07/11/2012	Dutch	PDF
Abridged model	31/03/2011	26/08/2011	21/11/2011	Dutch	PDF
Abridged model	31/03/2010	27/08/2010	29/03/2011	Dutch	PDF
Abridged model	31/03/2009	28/08/2009	22/09/2009	Dutch	PDF
Abridged model	31/03/2008	29/08/2008	06/11/2008	Dutch	PDF
Abridged model	31/03/2007	30/08/2007	28/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 8 ended

Active mandates

Newton Force

Director · 0756.639.293

Represented by Cédric De Quinnemar

Active

Ended mandates

Newton Force

Director · since 29 mars 2023 · 0756.639.293

Represented by Cédric De Quinnemar

Ended

Cedric De Quinnemar

Director · since 19 octobre 2021

Ended

Frederik Castelain

Director · since 19 octobre 2021

Ended

Kurt Rommens

Director · since 19 octobre 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring10/11/2025
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/09/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates19/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other08/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates24/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - 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 202534,2 k €↑
2024
Annual accounts 2024-227,3 k €↓
2023
Annual accounts 2023-143,7 k €↓
2022
Annual accounts 2022-62,2 k €↓
2022
Annual accounts 2022259,8 k €↑
2021
Annual accounts 2021102,1 k €↑
2020
Annual accounts 202035,6 k €↓
2019
Annual accounts 2019189,8 k €↑
2018
Annual accounts 20185,3 k €↑
2017
Annual accounts 20172,8 k €↓
2016
Annual accounts 201698,7 k €↑
2015
Annual accounts 201546,9 k €↑
2014
Annual accounts 20145,4 k €↓
2013
Annual accounts 201312,6 k €↑
2012
Annual accounts 2012-27,1 k €↓
2011
Annual accounts 2011-4,3 k €↑
2010
Annual accounts 2010-18 k €↓
2009
Annual accounts 200919,2 k €↑
2008
Annual accounts 2008833,1 €↑
2007
Annual accounts 2007-22,5 k €
27/04/1992
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

BAG-MacBen

Overview

What does BAG-MacBen 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