ACTIVE

BAYRO

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Financial year 2025 · closed on 30/06/2025

Net result

779,2 k €

+3.0% YoY

Gross margin

5 M €

+34.1% YoY

Equity

3,6 M €

+27.4% YoY

Workforce

65,5 ETP

+45.2% YoY

What does BAYRO do?

BAYRO is a Private limited company incorporated in 2000. Its registered office is in Lokeren. It employs on average 65,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.030.209

Incorporation

02/06/2000

Legal form

Private limited company

Registered office

Spieveldstraat 9
9160 Lokeren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Average workforce

65,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	5 M €	+34.1%	3,8 M €	+12.5%	3,3 M €	+3.4%	3,2 M €	+7.0%	3 M €	-16.6%	3,6 M €	+0.2%	3,6 M €	+4.9%	3,4 M €		–		–		–		2 M €	-26.8%	2,7 M €	-14.2%	3,1 M €	+60.4%	2 M €	+119%	892,7 k €	+67.5%	532,8 k €	-4.0%	555 k €
EBITDA	1,5 M €	+16.8%	1,3 M €	+16.6%	1,1 M €	+3.3%	1,1 M €	+6.7%	1 M €	-16.9%	1,2 M €	+16.0%	1,1 M €	-0.5%	1,1 M €	+226%	327,2 k €	+7.1%	305,5 k €	-45.0%	555,2 k €	+2.9%	539,8 k €	-53.6%	1,2 M €	-35.8%	1,8 M €	+80.6%	1 M €	+167%	376,2 k €	+38.9%	270,8 k €	+3.3%	262,2 k €
Operating result	1,1 M €	+10.8%	1 M €	+25.9%	802,7 k €	-0.5%	807,1 k €	+0.1%	806,3 k €	-21.0%	1 M €	+19.3%	856,1 k €	-4.1%	892,4 k €	+409%	175,4 k €	+17.0%	149,9 k €	-67.9%	466,5 k €	+6.7%	437,3 k €	-57.4%	1 M €	-37.7%	1,6 M €	+86.2%	883,7 k €	+232%	265,8 k €	+98.8%	133,7 k €	+80.1%	74,2 k €
Net result	779,2 k €	+3.0%	756,2 k €	+29.9%	582,2 k €	+12.0%	520 k €	-5.3%	549,3 k €	-20.9%	694,7 k €	+34.3%	517,4 k €	-6.9%	555,8 k €	+441%	102,7 k €	+8.5%	94,7 k €	-71.7%	334 k €	+17.5%	284,2 k €	-57.1%	662,8 k €	-38.3%	1,1 M €	+87.9%	572,2 k €	+189%	197,8 k €	+232%	59,5 k €	-20.9%	75,3 k €
Balance sheet
Equity	3,6 M €	+27.4%	2,8 M €	+1.5%	2,8 M €	+26.3%	2,2 M €	+80.0%	1,2 M €	-27.7%	1,7 M €	-27.1%	2,3 M €	+28.4%	1,8 M €	+44.0%	1,3 M €	+8.8%	1,2 M €	+8.9%	1,1 M €	-14.1%	1,2 M €	+29.7%	956,6 k €	+5.8%	903,8 k €	+175%	328,8 k €	-28.9%	462,5 k €	+21.0%	382,4 k €	+18.4%	322,8 k €
Total assets	7,4 M €	+41.3%	5,2 M €	+7.2%	4,9 M €	-1.4%	4,9 M €	+53.2%	3,2 M €	-11.5%	3,6 M €	-20.4%	4,6 M €	+37.9%	3,3 M €	+20.7%	2,7 M €	-24.6%	3,6 M €	+13.6%	3,2 M €	-9.4%	3,5 M €	+1.9%	3,5 M €	+31.3%	2,6 M €	+21.1%	2,2 M €	+61.3%	1,4 M €	+49.4%	906 k €	+5.7%	857,3 k €
Cash	308,3 k €	+99.0%	154,9 k €	+41.0%	109,9 k €	-67.9%	342,1 k €	+78.0%	192,2 k €	-73.4%	722,9 k €	+0.7%	718 k €	+49.1%	481,7 k €	+118%	220,7 k €	+1.7%	217,1 k €	+1.6%	213,7 k €	+651%	28,5 k €	-94.7%	538,2 k €	+64.2%	327,9 k €	-60.0%	819,5 k €	+192%	280,9 k €	+187%	97,7 k €	+42.3%	68,7 k €
Debts	3,5 M €	+61.8%	2,2 M €	+16.7%	1,9 M €	-26.4%	2,5 M €	+35.7%	1,9 M €	+3.3%	1,8 M €	-14.6%	2,1 M €	+50.9%	1,4 M €	-0.4%	1,4 M €	-42.2%	2,4 M €	+16.1%	2,1 M €	-7.0%	2,3 M €	-7.3%	2,4 M €	+45.7%	1,7 M €	-8.2%	1,8 M €	+112%	864,2 k €	+65.5%	522,1 k €	-2.3%	534,4 k €
Other
Workforce	65,5 ETP	+45.2%	45,1 ETP	-3.2%	46,6 ETP	-2.5%	47,8 ETP	-15.2%	56,4 ETP	-7.8%	61,2 ETP	-8.8%	67,1 ETP	+9.1%	61,5 ETP	+5.1%	58,5 ETP	+18.7%	49,3 ETP	-1.2%	49,9 ETP	+11.1%	44,9 ETP	-7.8%	48,7 ETP	+18.5%	41,1 ETP	+51.1%	27,2 ETP	+80.1%	15,1 ETP	+73.6%	8,7 ETP	-10.3%	9,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 3 ended

Active mandates

Selami Top

Director · since 18 mai 2000

Active

Semih Top

Director · since 18 mai 2000

Active

Ended mandates

Salih Demerci

Manager

Ended

Salih Top

Manager

Ended

Selami Top

Manager

Ended

At this address

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Erus-Net● Active	1008.232.054
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THV ELTA - HARDO● Active	0683.608.092
Waas-Tech● Active	0778.495.373

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/01/2026	05/12/2024	21/11/2023	09/01/2023	13/01/2022	21/12/2020
General meeting	12/12/2025	15/11/2024	15/11/2023	15/12/2022	15/12/2021	28/11/2020
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	30/06/2025	12/12/2025	07/01/2026	Dutch	PDF
Abridged model	30/06/2024	15/11/2024	05/12/2024	Dutch	PDF
Abridged model	30/06/2023	15/11/2023	21/11/2023	Dutch	PDF
Abridged model	30/06/2022	15/12/2022	09/01/2023	Dutch	PDF
Abridged model	30/06/2021	15/12/2021	13/01/2022	Dutch	PDF
Abridged model	30/06/2020	28/11/2020	21/12/2020	Dutch	PDF
Abridged model	30/06/2019	15/11/2019	26/11/2019	Dutch	PDF
Abridged model	30/06/2018	24/12/2018	03/01/2019	Dutch	PDF
Abridged model	30/06/2017	24/11/2017	30/11/2017	Dutch	PDF
Full model	30/06/2016	20/12/2016	21/12/2016	Dutch	PDF
Full model	30/06/2015	16/11/2015	30/11/2015	Dutch	PDF
Full model	30/06/2014	15/11/2014	04/12/2014	Dutch	PDF
Abridged model	30/06/2013	15/01/2014	27/01/2014	Dutch	PDF
Abridged model	30/06/2012	25/01/2013	14/02/2013	Dutch	PDF
Abridged model	30/06/2011	16/01/2012	11/02/2012	Dutch	PDF
Abridged model	30/06/2010	20/01/2011	14/02/2011	Dutch	PDF
Abridged model	30/06/2009	20/01/2010	15/02/2010	Dutch	PDF
Abridged model	30/06/2008	17/01/2009	14/02/2009	Dutch	PDF
Abridged model	30/06/2007	15/01/2008	14/02/2008	Dutch	PDF
Abridged model	30/06/2006	15/01/2007	01/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/06/2025 · 2 active · 3 ended

Active mandates

Selami Top

Director · since 18 mai 2000

Active

Semih Top

Director · since 18 mai 2000

Active

Ended mandates

Salih Demerci

Manager

Ended

Salih Top

Manager

Ended

Selami Top

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/04/2009
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares10/06/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates27/01/2004
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 2025779,2 k €↑
2024
Annual accounts 2024756,2 k €↑
2023
Annual accounts 2023582,2 k €↑
2022
Annual accounts 2022520 k €↓
2020
Annual accounts 2020549,3 k €↓
2019
Annual accounts 2019694,7 k €↑
2018
Annual accounts 2018517,4 k €↓
2017
Annual accounts 2017555,8 k €↑
2016
Annual accounts 2016102,7 k €↑
2015
Annual accounts 201594,7 k €↓
2014
Annual accounts 2014334 k €↑
2013
Annual accounts 2013284,2 k €↓
2012
Annual accounts 2012662,8 k €↓
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010572,2 k €↑
2009
Annual accounts 2009197,8 k €↑
2008
Annual accounts 200859,5 k €↓
2007
Annual accounts 200775,3 k €
02/06/2000
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

BAYRO

Overview

What does BAYRO do?

Trend over 18 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