ACTIVE

BAF

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Financial year 2025 · closed on 31/12/2025

Net result

-60,6 k €

-680.1% YoY

Gross margin

-2,6 k €

-103.8% YoY

Equity

242,5 k €

-20.0% YoY

Workforce

0,0 ETP

What does BAF do?

BAF is a Private limited company incorporated in 1997. Its main activity is: Fitness facilities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.744.546

Incorporation

24/10/1997

Legal form

Private limited company

Registered office

Rysheuvelsstraat 43
2600 Antwerpen · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

93130Fitness facilities· main 93130Fitness facilities 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate 68204Rental and operating of own or leased real estate+2

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

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	-2,6 k €	-104%	69,1 k €	-25.4%	92,6 k €	-56.3%	211,8 k €	+269%	57,4 k €	-53.4%	123,2 k €	+82.3%	67,5 k €	-66.9%	204 k €	+54.4%	132,2 k €	-12.0%	150,1 k €	-1.0%	151,6 k €	+86.2%	81,4 k €	-22.9%	105,6 k €	-27.7%	146,1 k €	+56.2%	93,6 k €	-40.4%	157,1 k €	+40.1%	112,1 k €	+138%	47,2 k €	-66.1%	139,3 k €	-10.9%	156,4 k €
EBITDA	-3,3 k €	-106%	56,2 k €	-25.0%	74,8 k €	-62.0%	197,1 k €	+2312%	8,2 k €	-91.5%	96,4 k €	+221%	30 k €	-80.7%	155,1 k €	+66.8%	93 k €	-0.7%	93,6 k €	+5.2%	89 k €	+130%	38,7 k €	-51.2%	79,4 k €	-35.6%	123,3 k €	+139%	51,7 k €	-50.5%	104,4 k €	+73.1%	60,3 k €	+1042%	5,3 k €	-93.3%	78,6 k €	-17.5%	95,2 k €
Operating result	-46,4 k €	-242%	32,6 k €	-35.8%	50,8 k €	-70.7%	173,3 k €	+489%	-44,5 k €	-206%	42,1 k €	+225%	-33,6 k €	-133%	103,5 k €	+139%	43,3 k €	-32.3%	63,9 k €	+81.4%	35,2 k €	+303%	-17,4 k €	-187%	20,1 k €	-70.0%	66,9 k €	+1229%	-5,9 k €	-108%	70,7 k €	+367%	15,1 k €	+127%	-56,4 k €	-447%	16,3 k €	-48.6%	31,7 k €
Net result	-60,6 k €	-680%	10,4 k €	-69.1%	33,8 k €	-78.3%	155,5 k €	+371%	-57,4 k €	-344%	23,6 k €	+148%	-49,5 k €	-188%	56,5 k €	+200%	18,9 k €	-41.3%	32,1 k €	+20.7%	26,6 k €	+158%	-45,8 k €	-55.4%	-29,5 k €	-265%	17,9 k €	+11321%	156,8 €	-99.7%	58,4 k €	+684%	7,4 k €	+111%	-70,4 k €	-877%	9,1 k €	-43.0%	15,9 k €
Balance sheet
Equity	242,5 k €	-20.0%	303,1 k €	+3.6%	292,6 k €	+13.1%	258,8 k €	+151%	103,3 k €	-35.7%	160,7 k €	+18.2%	136 k €	-26.7%	185,5 k €	+43.8%	129 k €	+17.1%	110,1 k €	+41.2%	78 k €	+51.8%	51,4 k €	-47.1%	97,2 k €	-23.3%	126,7 k €	+16.5%	108,8 k €	+0.1%	108,6 k €	+116%	50,2 k €	+17.4%	42,8 k €	-62.2%	113,2 k €	+8.7%	104,1 k €
Total assets	456 k €	+40.2%	325,4 k €	-12.6%	372,5 k €	-13.7%	431,5 k €	+20.0%	359,5 k €	-13.7%	416,8 k €	-1.5%	423,2 k €	-1.8%	430,9 k €	+11.2%	387,4 k €	+44.8%	267,5 k €	+13.5%	235,6 k €	+30.4%	180,7 k €	-41.9%	310,8 k €	+1.2%	307,1 k €	-12.2%	349,6 k €	+51.4%	230,9 k €	+43.8%	160,6 k €	-29.6%	228,2 k €	-5.5%	241,6 k €	-12.8%	276,9 k €
Cash	21,9 €	-99.9%	20,9 k €	-21.2%	26,6 k €	+289063%	9,2 €	-99.9%	13,6 k €	-61.4%	35,3 k €	+10440%	334,7 €	-99.0%	32,2 k €	+450%	5,9 k €	-13.2%	6,7 k €	-79.2%	32,4 k €	+216%	10,3 k €	+113%	4,8 k €	-69.5%	15,8 k €	-32.9%	23,6 k €	-28.2%	32,8 k €	+96.2%	16,7 k €	+80.4%	9,3 k €	-22.9%	12 k €	-32.2%	17,8 k €
Debts	213,5 k €	+859%	22,3 k €	-54.1%	48,5 k €	-65.7%	141,7 k €	-42.6%	246,6 k €	+3.0%	239,4 k €	-15.9%	284,8 k €	+18.4%	240,6 k €	-6.0%	256 k €	+71.3%	149,5 k €	+18.6%	126 k €	-0.4%	126,6 k €	-26.5%	172,3 k €	+21.1%	142,2 k €	-32.4%	210,4 k €	+76.0%	119,5 k €	+34.9%	88,6 k €	-49.0%	173,9 k €	+35.5%	128,3 k €	-25.8%	172,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		0,5 ETP	-61.5%	1,3 ETP	+117%	0,6 ETP	0.0%	0,6 ETP	-60.0%	1,5 ETP	+50.0%	1,0 ETP		–		1,3 ETP	+62.5%	0,8 ETP	+60.0%	0,5 ETP	0.0%	0,5 ETP	-50.0%	1,0 ETP	-16.7%	1,2 ETP	+20.0%	1,0 ETP	-44.4%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 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 · 5 ended

Active mandates

Robbe van Koeveringe

Director · since 11 mai 2026

Active

Ended mandates

Alain van Koeveringe

Director · since 01 janvier 2020

Ended

ALAIN VAN KOEVERINGE

Director

Ended

ALAIN VAN KOEVERINGE

Manager

Ended

An Delsing

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ALAN● Active	0476.861.797

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	31/08/2026	30/08/2025	01/07/2024	21/06/2023	16/08/2022	31/08/2021
General meeting	05/06/2026	02/06/2025	03/06/2024	05/06/2023	16/08/2022	07/06/2021
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
Abridged model	31/12/2025	05/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	30/08/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	21/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/08/2022	16/08/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	20/10/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	16/08/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	29/06/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	18/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	25/03/2008	20/08/2008	Dutch	PDF
Abridged model	31/12/2006	27/06/2007	24/08/2007	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 · 5 ended

Active mandates

Robbe van Koeveringe

Director · since 11 mai 2026

Active

Ended mandates

Alain van Koeveringe

Director · since 01 janvier 2020

Ended

ALAIN VAN KOEVERINGE

Director

Ended

ALAIN VAN KOEVERINGE

Manager

Ended

An Delsing

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office30/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates04/11/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2014
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 2025-60,6 k €↓
2024
Annual accounts 202410,4 k €↓
2023
Annual accounts 202333,8 k €↓
2022
Annual accounts 2022155,5 k €↑
2021
Annual accounts 2021-57,4 k €↓
2020
Annual accounts 202023,6 k €↑
2019
Annual accounts 2019-49,5 k €↓
2018
Annual accounts 201856,5 k €↑
2017
Annual accounts 201718,9 k €↓
2016
Annual accounts 201632,1 k €↑
2015
Annual accounts 201526,6 k €↑
2014
Annual accounts 2014-45,8 k €↓
2013
Annual accounts 2013-29,5 k €↓
2012
Annual accounts 201217,9 k €↑
2011
Annual accounts 2011156,8 €↓
2010
Annual accounts 201058,4 k €↑
2009
Annual accounts 20097,4 k €↑
2008
Annual accounts 2008-70,4 k €↓
2007
Annual accounts 20079,1 k €↓
2006
Annual accounts 200615,9 k €
24/10/1997
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

BAF

Overview

What does BAF 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