ACTIVE

BAT – S&D SERVICE & DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025

Net result

18,7 k €

+252.0% YoY

Gross margin

26,4 k €

+93.0% YoY

Equity

48,2 k €

+63.7% YoY

What does BAT – S&D SERVICE & DEVELOPMENT do?

BAT – S&D SERVICE & DEVELOPMENT is a Private limited company incorporated in 1996. Its main activity is: Architectural activities. Its registered office is in Keerbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.959.458

Incorporation

08/10/1996

Legal form

Private limited company

Registered office

Schaleken 15
3140 Keerbergen · FlandreSee on map

Contributed capital

16 184,26 €

Latest accounts

31/12/2025

Activities (NACE)

71111Architectural activities· main 71111Architectural activities 74201Photographic activities 46900Non-specialised wholesale trade 46900Non-specialised wholesale trade 51900Air transport+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	26,4 k €	+93.0%	13,7 k €	+0.5%	13,6 k €	-42.8%	23,8 k €	+6.4%	22,4 k €	+274%	-12,9 k €	-194%	13,7 k €	+7.4%	12,8 k €	-28.2%	17,8 k €	-21.3%	22,6 k €	-55.9%	51,3 k €	+210%	16,6 k €	+30.0%	12,7 k €	-38.9%	20,9 k €	-37.5%	33,4 k €	-31.2%	48,5 k €	+92.8%	25,2 k €	-17.0%	30,3 k €	+155%	11,9 k €	-7.6%	12,9 k €
EBITDA	24,7 k €	+160%	9,5 k €	+46.2%	6,5 k €	-70.1%	21,8 k €	+6.0%	20,6 k €	+245%	-14,2 k €	-224%	11,4 k €	-1.4%	11,6 k €	-30.5%	16,7 k €	-22.5%	21,5 k €	-56.7%	49,7 k €	+228%	15,1 k €	+30.0%	11,6 k €	-40.2%	19,5 k €	+11.3%	17,5 k €	-39.7%	29 k €	+280%	7,6 k €	-57.1%	17,8 k €	+73.9%	10,2 k €	-9.3%	11,3 k €
Operating result	23,3 k €	+411%	4,6 k €	+138%	-12,1 k €	-744%	1,9 k €	-77.0%	8,2 k €	+131%	-26,3 k €	-6567%	-393,9 €	-104%	9,8 k €	+10.5%	8,9 k €	-32.9%	13,3 k €	-71.6%	46,7 k €	+256%	13,1 k €	+778%	-1,9 k €	-181%	2,4 k €	-77.7%	10,7 k €	+33.0%	8,1 k €	+217%	-6,9 k €	-143%	15,9 k €	+524%	2,6 k €	-38.9%	4,2 k €
Net result	18,7 k €	+252%	-12,3 k €	-5.2%	-11,7 k €	-1117%	1,2 k €	-84.7%	7,5 k €	+128%	-26,8 k €	-1996%	-1,3 k €	-120%	6,4 k €	+25.9%	5 k €	-38.2%	8,2 k €	-72.6%	29,8 k €	+247%	8,6 k €	+344%	-3,5 k €	-1305%	292,4 €	-94.7%	5,5 k €	+61.5%	3,4 k €	+215%	-2,9 k €	-125%	11,8 k €	+2108%	532,2 €	-70.8%	1,8 k €
Balance sheet
Equity	48,2 k €	+63.7%	29,4 k €	-29.5%	41,8 k €	-21.9%	53,5 k €	+2.2%	52,3 k €	+16.8%	44,8 k €	-37.4%	71,6 k €	-1.8%	72,8 k €	+8.3%	67,3 k €	+8.1%	62,2 k €	+15.1%	54,1 k €	+106%	26,3 k €	+48.4%	17,7 k €	-16.6%	21,2 k €	+1.4%	20,9 k €	+35.4%	15,5 k €	+28.1%	12,1 k €	-19.6%	15 k €	+359%	3,3 k €	+19.4%	2,7 k €
Total assets	152,1 k €	+49.6%	101,7 k €	-13.8%	117,9 k €	-14.9%	138,6 k €	-19.3%	171,7 k €	+34.9%	127,2 k €	-22.7%	164,5 k €	-8.4%	179,6 k €	+16.8%	153,7 k €	-13.5%	177,6 k €	-35.5%	275,4 k €	+112%	130 k €	+42.8%	91 k €	-1.4%	92,3 k €	-19.0%	113,9 k €	-9.8%	126,3 k €	+40.0%	90,2 k €	+8.1%	83,5 k €	+215%	26,5 k €	-18.9%	32,7 k €
Cash	12,4 k €	+17.3%	10,6 k €	+24.2%	8,5 k €	+199%	2,9 k €	-88.1%	23,9 k €	+495%	4 k €	-92.4%	53,2 k €	+284%	13,9 k €	+9.7%	12,6 k €	-76.8%	54,6 k €	-51.5%	112,6 k €	+722%	13,7 k €	+48.8%	9,2 k €	+55.6%	5,9 k €	-65.5%	17,2 k €	+616%	2,4 k €	-29.5%	3,4 k €	+119%	1,6 k €	-80.2%	7,8 k €	-14.0%	9,1 k €
Debts	52,3 k €	+153%	20,7 k €	-12.6%	23,6 k €	-29.5%	33,5 k €	-48.9%	65,7 k €	+113%	30,9 k €	-25.4%	41,4 k €	-24.8%	55,1 k €	+58.1%	34,9 k €	-45.4%	63,8 k €	-62.2%	168,8 k €	+245%	48,9 k €	+125%	21,7 k €	+11.8%	19,4 k €	-52.4%	40,9 k €	-44.9%	74,2 k €	+32.2%	56,2 k €	-2.3%	57,5 k €	+148%	23,2 k €	-22.7%	30 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

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

Active mandates

Erik Lenaerts

Director

Active

Ended mandates

Erik Lenaerts

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro 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	30/06/2026	30/06/2025	28/06/2024	23/06/2023	29/06/2022	28/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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	19/06/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	20/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	09/07/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	21/06/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	19/06/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	19/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	01/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	23/06/2008	22/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 ended

Active mandates

Erik Lenaerts

Director

Active

Ended mandates

Erik Lenaerts

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates25/10/2005
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202518,7 k €↑
2024
Annual accounts 2024-12,3 k €↓
2023
Annual accounts 2023-11,7 k €↓
2022
Annual accounts 20221,2 k €↓
2021
Annual accounts 20217,5 k €↑
2021
Name changeBAT-S&D Service & Development
2020
Annual accounts 2020-26,8 k €↓
2019
Annual accounts 2019-1,3 k €↓
2018
Annual accounts 20186,4 k €↑
2017
Annual accounts 20175 k €↓
2016
Annual accounts 20168,2 k €↓
2015
Annual accounts 201529,8 k €↑
2014
Annual accounts 20148,6 k €↑
2013
Annual accounts 2013-3,5 k €↓
2012
Annual accounts 2012292,4 €↓
2011
Annual accounts 20115,5 k €↑
2010
Annual accounts 20103,4 k €↑
2009
Annual accounts 2009-2,9 k €↓
2008
Annual accounts 200811,8 k €↑
2007
Annual accounts 2007532,2 €↓
2006
Annual accounts 20061,8 k €
2006
Name changeBAT - S en D, Service en Development
08/10/1996
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

BAT – S&D SERVICE & DEVELOPMENT

Overview

What does BAT – S&D SERVICE & DEVELOPMENT 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