ACTIVE

BAKEVEL

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Financial year 2025 · closed on 31/12/2025

Net result

115,1 k €

+184.4% YoY

Gross margin

304,4 k €

+19.6% YoY

Equity

942,1 k €

+2.0% YoY

What does BAKEVEL do?

BAKEVEL is a Public limited company incorporated in 1999. Its main activity is: Retail sale of other household equipment in specialised stores. Its registered office is in Middelkerke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.040.062

Incorporation

10/05/1999

Legal form

Public limited company

Registered office

Oostendelaan 268 box B
8430 Middelkerke · FlandreSee on map

Contributed capital

152 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

47551Retail sale of other household equipment in specialised stores· main 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores 52441Warehousing and support activities for transportation 47512Retail sale of textiles in specialised stores 47512Retail sale of textiles in specialised stores 47552Retail sale of other household equipment in specialised stores+6

Joint committees (2)

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	304,4 k €	+19.6%	254,6 k €	-29.4%	360,5 k €	-11.1%	405,3 k €	-3.5%	420,2 k €	+39.7%	300,8 k €	-8.7%	329,5 k €	+11.0%	296,8 k €	-21.3%	377 k €	-8.5%	412,2 k €	+13.8%	362,1 k €	+0.4%	360,6 k €	-13.5%	417,2 k €	+12.3%	371,4 k €	+38.6%	268 k €	+26.7%	211,5 k €	-4.9%	222,3 k €	-1.6%	225,8 k €	+14.1%	197,9 k €	-4.4%	207,1 k €
EBITDA	277,7 k €	+18.1%	235,1 k €	-31.2%	341,7 k €	-11.9%	387,9 k €	-3.8%	403 k €	+47.1%	274 k €	-2.1%	279,9 k €	+15.4%	242,5 k €	-11.4%	273,6 k €	-14.6%	320,4 k €	+12.3%	285,2 k €	+3.1%	276,7 k €	-17.4%	334,8 k €	+20.3%	278,4 k €	+33.3%	208,8 k €	+14.0%	183,1 k €	-5.2%	193,2 k €	-1.5%	196,1 k €	+14.3%	171,6 k €	+10.9%	154,8 k €
Operating result	171,5 k €	+53.9%	111,4 k €	-12.9%	128 k €	-15.1%	150,7 k €	-17.0%	181,5 k €	+19.9%	151,4 k €	+45.5%	104,1 k €	+42.9%	72,8 k €	+63.4%	44,6 k €	-42.3%	77,3 k €	+5.5%	73,3 k €	+6.4%	68,9 k €	-41.1%	117 k €	+115%	54,3 k €	+18.1%	46 k €	-19.1%	56,9 k €	-8.7%	62,4 k €	+6.1%	58,8 k €	+5.1%	55,9 k €	-21.9%	71,6 k €
Net result	115,1 k €	+184%	40,5 k €	-45.3%	74 k €	-21.8%	94,7 k €	-24.6%	125,5 k €	+6.4%	117,9 k €	+87.5%	62,9 k €	+49.4%	42,1 k €	+285%	10,9 k €	-66.2%	32,4 k €	+22.1%	26,5 k €	+21.9%	21,8 k €	-54.0%	47,2 k €	+1186%	3,7 k €	+257%	1 k €	-95.6%	23,3 k €	+24.6%	18,7 k €	-10.2%	20,8 k €	+4.7%	19,8 k €	-22.3%	25,5 k €
Balance sheet
Equity	942,1 k €	+2.0%	923,5 k €	+4.6%	883,1 k €	+8.3%	815,1 k €	+10.8%	735,4 k €	+18.6%	620 k €	+21.5%	510,1 k €	+14.1%	447,2 k €	+6.8%	418,7 k €	+2.7%	407,7 k €	+8.6%	375,4 k €	+7.6%	348,9 k €	+6.6%	327,1 k €	+14.8%	284,9 k €	+49.0%	191,2 k €	+0.5%	190,2 k €	+13.9%	166,9 k €	+12.6%	148,2 k €	+16.3%	127,5 k €	+18.4%	107,6 k €
Total assets	1,6 M €	+5.1%	1,5 M €	-7.9%	1,6 M €	-17.4%	2 M €	-1.5%	2 M €	+9.2%	1,8 M €	+72.0%	1,1 M €	-4.0%	1,1 M €	-1.6%	1,1 M €	-13.1%	1,3 M €	-1.6%	1,3 M €	-6.2%	1,4 M €	-8.1%	1,5 M €	-0.3%	1,5 M €	+30.7%	1,2 M €	+34.1%	882,3 k €	+1.5%	869,1 k €	-7.6%	940,3 k €	+0.8%	932,9 k €	-0.6%	938,6 k €
Cash	333,4 k €	+123%	149,5 k €	+181%	53,2 k €	-78.1%	243,3 k €	+12.7%	215,8 k €	-22.2%	277,4 k €	+58.3%	175,2 k €	+46.0%	120 k €	-7.4%	129,6 k €	-47.0%	244,5 k €	+21.5%	201,2 k €	+44.7%	139 k €	-42.0%	239,6 k €	+315%	57,7 k €	+103%	28,4 k €	-49.0%	55,6 k €	-25.9%	75 k €	+767%	8,7 k €	-80.6%	44,6 k €	-30.8%	64,5 k €
Debts	623,7 k €	+12.1%	556,6 k €	-18.8%	685,5 k €	-38.3%	1,1 M €	-9.1%	1,2 M €	+5.2%	1,2 M €	+126%	514,5 k €	-17.2%	621,6 k €	-7.5%	671,8 k €	-22.0%	860,8 k €	-4.6%	902,5 k €	-11.3%	1 M €	-12.4%	1,2 M €	-3.9%	1,2 M €	+28.5%	941,8 k €	+47.5%	638,6 k €	-1.5%	648,1 k €	-13.1%	746,1 k €	-1.9%	760,2 k €	-3.2%	785 k €
Other
Workforce	–		–		–		–		–		0,4 ETP	-20.0%	0,5 ETP	-50.0%	1,0 ETP	-63.0%	2,7 ETP	+3.8%	2,6 ETP	+23.8%	2,1 ETP	-4.5%	2,2 ETP	-29.0%	3,1 ETP	+6.9%	2,9 ETP	+81.2%	1,6 ETP	+100%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+14.3%	0,7 ETP	0.0%	0,7 ETP

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 · 1 active · 3 ended

Active mandates

Erik Van Eessen

Mandate

Active

Ended mandates

Katrien Louwage

Mandate

Ended

Katrien Louwage

Administrator - manager

Ended

KATRIEN LOUWAGE

Manager

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	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	23/06/2026	14/07/2025	24/06/2024	18/08/2023	29/08/2022	28/08/2021
General meeting	13/06/2026	14/06/2025	10/06/2024	10/06/2023	11/06/2022	12/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	14/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	24/06/2024	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	18/08/2023	Dutch	PDF
Abridged model	31/12/2022	10/06/2023	07/08/2023	Dutch	PDF
Abridged model	31/12/2021	11/06/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	12/06/2021	28/08/2021	Dutch	PDF
Abridged model	31/12/2019	13/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	21/03/2018	29/03/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	16/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/07/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	15/07/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/08/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/08/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	04/07/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	08/08/2008	14/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	27/07/2007	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 · 1 active · 3 ended

Active mandates

Erik Van Eessen

Mandate

Active

Ended mandates

Katrien Louwage

Mandate

Ended

Katrien Louwage

Administrator - manager

Ended

KATRIEN LOUWAGE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Capital / shares22/02/2012
KAPITAAL - AANDELEN
PDF
Capital / shares13/01/2006
KAPITAAL - AANDELEN - DIVERSEN - DOEL - ALGEMENE VERGADERING - 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 2025115,1 k €↑
2024
Annual accounts 202440,5 k €↓
2023
Annual accounts 202374 k €↓
2022
Annual accounts 202294,7 k €↓
2021
Annual accounts 2021125,5 k €↑
2020
Annual accounts 2020117,9 k €↑
2019
Annual accounts 201962,9 k €↑
2018
Annual accounts 201842,1 k €↑
2017
Annual accounts 201710,9 k €↓
2016
Annual accounts 201632,4 k €↑
2015
Annual accounts 201526,5 k €↑
2014
Annual accounts 201421,8 k €↓
2013
Annual accounts 201347,2 k €↑
2012
Annual accounts 20123,7 k €↑
2011
Annual accounts 20111 k €↓
2010
Annual accounts 201023,3 k €↑
2009
Annual accounts 200918,7 k €↓
2008
Annual accounts 200820,8 k €↑
2007
Annual accounts 200719,8 k €↓
2006
Annual accounts 200625,5 k €
10/05/1999
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

BAKEVEL

Overview

What does BAKEVEL 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