ACTIVE

BAVEC

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Financial year 2025 · closed on 31/12/2025

Net result

75,5 k €

+1701.1% YoY

Gross margin

139,8 k €

+201.0% YoY

Equity

158,1 k €

+91.9% YoY

What does BAVEC do?

BAVEC is a Private limited company incorporated in 1995. Its main activity is: Public relations and communication activities. Its registered office is in Auderghem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.736.979

Incorporation

25/07/1995

Legal form

Private limited company

Registered office

Avenue Jean Van Horenbeeck 200 box 12
1160 Auderghem · BruxellesSee on map

Contributed capital

6 197,33 €

Latest accounts

31/12/2025

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 74141Specialised design activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	139,8 k €	+201%	46,4 k €	+10.6%	42 k €	+17.8%	35,6 k €	+215%	11,3 k €	-67.4%	34,7 k €	-9.7%	38,5 k €	-19.2%	47,6 k €	-48.0%	91,6 k €	-17.5%	111,1 k €	+38.7%	80,1 k €	+8.4%	73,9 k €	-28.9%	103,8 k €	+27.2%	81,6 k €	-16.8%	98,1 k €	-8.3%	107 k €	+2.5%	104,4 k €	-18.6%	128,3 k €	+60.6%	79,9 k €
EBITDA	137,1 k €	+241%	40,2 k €	-1.7%	40,9 k €	+20.6%	33,9 k €	+221%	10,5 k €	-54.2%	23 k €	-6.9%	24,7 k €	+14.9%	21,5 k €	-67.0%	65,2 k €	-5.6%	69 k €	+22.9%	56,2 k €	+5.0%	53,5 k €	-34.6%	81,8 k €	+24.1%	65,9 k €	-23.8%	86,5 k €	-14.4%	101 k €	+2.1%	99 k €	-19.2%	122,5 k €	+64.1%	74,6 k €
Operating result	112,9 k €	+802%	12,5 k €	-59.5%	30,9 k €	+11.4%	27,8 k €	+284%	7,2 k €	-65.4%	20,9 k €	+77.7%	11,8 k €	+721%	-1,9 k €	-116%	11,6 k €	-20.3%	14,5 k €	+39.4%	10,4 k €	+7.3%	9,7 k €	-75.3%	39,3 k €	+55.1%	25,4 k €	-44.8%	46 k €	-24.0%	60,5 k €	+16.6%	51,9 k €	-31.1%	75,3 k €	+151%	30,1 k €
Net result	75,5 k €	+1701%	4,2 k €	-78.2%	19,2 k €	+9.5%	17,5 k €	+677%	2,3 k €	-81.2%	12 k €	+140%	5 k €	+185%	-5,9 k €	-199%	5,9 k €	+3143%	-193,4 €	-109%	2,1 k €	+202%	681,4 €	-96.5%	19,2 k €	+119%	8,8 k €	-57.0%	20,4 k €	-35.2%	31,5 k €	+34.3%	23,5 k €	-39.0%	38,5 k €	+459%	6,9 k €
Balance sheet
Equity	158,1 k €	+91.9%	82,4 k €	+5.4%	78,2 k €	+32.5%	59 k €	+42.3%	41,5 k €	-38.4%	67,3 k €	+21.7%	55,3 k €	-60.6%	140,3 k €	-4.0%	146,2 k €	+4.2%	140,3 k €	-0.1%	140,5 k €	+190%	48,4 k €	-67.4%	148,5 k €	+14.9%	129,3 k €	+7.3%	120,5 k €	-39.8%	200,1 k €	+18.7%	168,5 k €	+16.2%	145 k €	+36.1%	106,5 k €
Total assets	229,4 k €	+24.2%	184,6 k €	+7.7%	171,5 k €	+90.9%	89,9 k €	+2.3%	87,8 k €	-41.3%	149,7 k €	-6.6%	160,3 k €	-16.7%	192,5 k €	-17.9%	234,4 k €	-11.7%	265,3 k €	-4.5%	277,8 k €	-15.1%	327,3 k €	-16.6%	392,4 k €	+8.3%	362,4 k €	-9.9%	402,3 k €	+2.3%	393,2 k €	-3.9%	409,2 k €	-0.3%	410,5 k €	-5.5%	434,4 k €
Cash	106,7 k €	+71.0%	62,4 k €	+89.0%	33 k €	-43.5%	58,4 k €	+24.4%	46,9 k €	+28.3%	36,6 k €	-17.3%	44,2 k €	-8.5%	48,3 k €	+121%	21,9 k €	-74.5%	85,6 k €	-4.0%	89,3 k €	+62.6%	54,9 k €	-38.7%	89,5 k €	+49.0%	60,1 k €	-21.7%	76,7 k €	+270%	20,7 k €	+2.2%	20,3 k €	-24.1%	26,8 k €	+16.3%	23 k €
Debts	71,3 k €	-30.3%	102,2 k €	+9.6%	93,3 k €	+202%	30,8 k €	-33.5%	46,4 k €	-43.7%	82,4 k €	-21.5%	104,9 k €	+101%	52,1 k €	-40.9%	88,2 k €	-27.9%	122,3 k €	-7.8%	132,6 k €	-51.4%	273,2 k €	+12.5%	242,8 k €	+5.4%	230,5 k €	-18.2%	281,8 k €	+45.9%	193,2 k €	-18.8%	237,9 k €	-9.4%	262,6 k €	-19.9%	327,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-16.7%	0,6 ETP	+500%	0,1 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 · 1 active · 4 ended

Active mandates

Baudewijn VERSCHUEREN

Director · since 25 juillet 2005

Active

Ended mandates

VALERIE CARBONNELLE

Director · since 01 mai 2006

Ended

VALERIE CARBONNELLE

Manager · since 01 mai 2006

Ended

BAUDOUIN VERSCHUEREN

Director

Ended

BAUDOUIN VERSCHUEREN

Manager

Ended

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	30/06/2026	28/08/2025	09/08/2024	21/08/2023	27/07/2022	29/07/2021
General meeting	11/06/2026	26/08/2025	17/06/2024	16/05/2023	30/06/2022	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	11/06/2026	30/06/2026	French	PDF
Micro model	31/12/2024	26/08/2025	28/08/2025	French	PDF
Micro model	31/12/2023	17/06/2024	09/08/2024	French	PDF
Micro model	31/12/2022	16/05/2023	21/08/2023	French	PDF
Micro model	31/12/2021	30/06/2022	27/07/2022	French	PDF
Micro model	31/12/2020	21/05/2021	29/07/2021	French	PDF
Micro model	31/12/2019	15/05/2020	20/05/2020	French	PDF
Micro model	31/12/2018	30/06/2019	10/09/2019	French	PDF
Micro model	31/12/2017	18/05/2018	13/08/2018	French	PDF
Micro model	31/12/2016	17/05/2017	04/07/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	03/06/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	11/06/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	25/06/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	09/08/2012	French	PDF
Abridged model	31/12/2010	05/05/2011	02/08/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	09/06/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	19/06/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	06/06/2008	French	PDF
Abridged model	31/12/2006	18/06/2007	25/07/2007	French	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 · 1 active · 4 ended

Active mandates

Baudewijn VERSCHUEREN

Director · since 25 juillet 2005

Active

Ended mandates

VALERIE CARBONNELLE

Director · since 01 mai 2006

Ended

VALERIE CARBONNELLE

Manager · since 01 mai 2006

Ended

BAUDOUIN VERSCHUEREN

Director

Ended

BAUDOUIN VERSCHUEREN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office22/04/2021
SIEGE SOCIAL
PDF
Capital / shares19/09/2018
CAPITAL, ACTIONS
PDF
Capital / shares18/04/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/06/2006
DEMISSIONS, NOMINATIONS
PDF
Registered office03/11/2004
SIEGE SOCIAL
PDF
Registered office05/12/2002
SIEGE SOCIAL
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 202575,5 k €↑
2024
Annual accounts 20244,2 k €↓
2023
Annual accounts 202319,2 k €↑
2022
Annual accounts 202217,5 k €↑
2021
Annual accounts 20212,3 k €↓
2019
Annual accounts 201912 k €↑
2018
Annual accounts 20185 k €↑
2017
Annual accounts 2017-5,9 k €↓
2016
Annual accounts 20165,9 k €↑
2015
Annual accounts 2015-193,4 €↓
2014
Annual accounts 20142,1 k €↑
2013
Annual accounts 2013681,4 €↓
2012
Annual accounts 201219,2 k €↑
2011
Annual accounts 20118,8 k €↓
2010
Annual accounts 201020,4 k €↓
2009
Annual accounts 200931,5 k €↑
2008
Annual accounts 200823,5 k €↓
2007
Annual accounts 200738,5 k €↑
2006
Annual accounts 20066,9 k €
25/07/1995
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

BAVEC

Overview

What does BAVEC do?

Trend over 19 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