ACTIVE

BARCO

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Financial year 2025 · closed on 31/12/2025

Net result

52,8 M €

-67.8% YoY

Revenue

717,1 M €

+3.0% YoY

Equity

537,1 M €

+1.7% YoY

Workforce

1 245,5 ETP

-1.4% YoY

What does BARCO do?

BARCO is a Public limited company incorporated in 2000. Its registered office is in Kortrijk. It employs on average 1 245,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.191.041

Incorporation

10/11/2000

Legal form

Public limited company

Registered office

President Kennedypark(Kor) 35
8500 Kortrijk · FlandreSee on map

Contributed capital

230 112 542,50 €

Latest accounts

31/12/2025

Average workforce

1 245,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	717,1 M €	+3.0%	695,9 M €	-13.9%	808,4 M €	+8.5%	745,2 M €	+27.8%	583 M €	-0.0%	583,2 M €	-24.6%	772,9 M €	+14.7%	674,2 M €	+6.3%	634,3 M €	+11.4%	569,5 M €	+9.3%	520,9 M €	-11.7%	589,6 M €	-11.8%	668,8 M €	-10.2%	745,1 M €	+13.8%	654,5 M €	+15.4%	567,1 M €	+38.0%	411 M €	-7.5%	444,3 M €	-11.3%	500,9 M €
EBITDA	58,4 M €	+55.1%	37,7 M €	-64.4%	105,9 M €	+21.4%	87,3 M €	+754%	10,2 M €	-11.4%	11,5 M €	-83.4%	69,5 M €	+32.7%	52,4 M €	+7.8%	48,6 M €	+479%	8,4 M €	+55.1%	5,4 M €	-89.6%	52,2 M €	-36.3%	81,9 M €	-6.0%	87,2 M €	+6.6%	81,8 M €	+14.7%	71,3 M €	+171%	26,2 M €	+1459%	-1,9 M €	-104%	55,1 M €
Operating result	52,6 M €	+115%	24,5 M €	-74.0%	94 M €	+22.1%	77 M €	+1979%	-4,1 M €	+74.3%	-16 M €	-127%	58,5 M €	+50.7%	38,8 M €	+42.9%	27,2 M €	+207%	-25,3 M €	+30.5%	-36,4 M €	-3122%	1,2 M €	-96.1%	30,8 M €	-29.5%	43,7 M €	-7.2%	47,1 M €	+64.0%	28,7 M €	+226%	-22,7 M €	+51.1%	-46,4 M €	-703%	7,7 M €
Net result	52,8 M €	-67.8%	163,8 M €	+72.3%	95,1 M €	-12.9%	109,2 M €	+469%	19,2 M €	+211%	-17,3 M €	-173%	23,7 M €	-36.3%	37,1 M €	+428%	-11,3 M €	+52.5%	-23,8 M €	-291%	-6,1 M €	-150%	12,2 M €	-69.3%	39,7 M €	+28.1%	31 M €	-51.7%	64,1 M €	-37.1%	101,9 M €	+485%	-26,4 M €	-482%	6,9 M €	+138%	-18,1 M €
Balance sheet
Equity	537,1 M €	+1.7%	528 M €	+29.3%	408,4 M €	+14.0%	358,2 M €	+31.1%	273,3 M €	-1.0%	276 M €	-15.5%	326,7 M €	-3.0%	336,7 M €	+2.6%	328,2 M €	-10.1%	365,2 M €	-10.8%	409,5 M €	-6.1%	436,1 M €	-1.8%	444,1 M €	+7.2%	414,1 M €	+3.8%	398,8 M €	+16.0%	343,7 M €	+35.2%	254,2 M €	-9.8%	281,7 M €	+1.2%	278,4 M €
Total assets	815,5 M €	+0.7%	810,1 M €	+5.2%	770,3 M €	+12.3%	686,1 M €	+9.8%	625,1 M €	+1.1%	618,2 M €	-15.9%	734,6 M €	+0.8%	728,7 M €	+5.5%	690,7 M €	-24.2%	911,4 M €	-26.1%	1,2 Md €	+1.2%	1,2 Md €	+7.5%	1,1 Md €	+5.5%	1,1 Md €	+4.0%	1 Md €	+0.7%	1 Md €	+6.8%	961,3 M €	-2.3%	983,5 M €	+0.7%	977 M €
Cash	410,3 k €	-8.0%	446,2 k €	-22.8%	577,9 k €	-79.5%	2,8 M €	+2170%	124,1 k €	-58.1%	296,1 k €	-68.3%	934,1 k €	-35.0%	1,4 M €	+174%	524,5 k €	+4.3%	503,1 k €	+36.1%	369,5 k €	+75.9%	210,1 k €	+0.6%	208,9 k €	-68.1%	655,6 k €	+1644%	37,6 k €	-48.7%	73,3 k €	-97.4%	2,9 M €	+6051%	46,5 k €	-18.5%	57,1 k €
Debts	242,3 M €	-3.3%	250,5 M €	-28.0%	347,8 M €	+10.3%	315,2 M €	-4.0%	328,4 M €	+2.5%	320,4 M €	-16.6%	384,2 M €	+6.2%	361,8 M €	+8.1%	334,7 M €	-35.6%	519,5 M €	-35.0%	799,4 M €	+4.6%	764,4 M €	+13.7%	672,6 M €	+4.6%	642,9 M €	+4.8%	613,7 M €	-6.7%	658 M €	-4.2%	686,7 M €	+1.7%	674,9 M €	-0.4%	677,5 M €
Other
Workforce	1 245,5 ETP	-1.4%	1 263,8 ETP	-1.0%	1 276,9 ETP	+4.4%	1 222,6 ETP	+0.0%	1 222,5 ETP	-6.2%	1 303,6 ETP	+7.6%	1 211,6 ETP	-4.0%	1 262,7 ETP	+0.6%	1 255,0 ETP	+1.3%	1 238,9 ETP	+1.2%	1 223,7 ETP	-20.7%	1 542,8 ETP	-3.9%	1 606,0 ETP	-0.7%	1 618,0 ETP	+1.3%	1 597,1 ETP	+10.7%	1 443,3 ETP	+4.3%	1 384,2 ETP	-18.6%	1 700,1 ETP	-0.3%	1 704,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 95 ended

Active mandates

Hilde Laga

Director · since 25 avril 2024 · until 27 avril 2028

Active

Lieve Creten

Director · since 25 avril 2024 · until 27 avril 2028

Active

Adisys Corporation BO

Director · since 27 avril 2023 · until 29 avril 2027

Represented by Ashok K. Jain

Active

An Steegen

Persoon belast met dagelijks bestuur · since 27 avril 2023 · until 29 avril 2027

Active

Charles Beauduin

Chairman of the board of directors · since 27 avril 2023 · until 29 avril 2027

Active

Frank Donck

Director · since 27 avril 2023 · until 29 avril 2027

Active

James Lord Sassoon

Onafhankelijk bestuurder · since 27 avril 2023 · until 30 avril 2026

Active

Ended mandates

Charles Beauduin

Persoon belast met dagelijks bestuur · since 27 avril 2023 · until 29 avril 2027

Ended

Frank Donck

Chairman of the board of directors · since 27 avril 2023 · until 29 avril 2027

Ended

An Steegen

Persoon belast met dagelijks bestuur · since 16 juillet 2021 · until 27 avril 2023

Ended

Charles Beauduin

Persoon belast met dagelijks bestuur · since 16 juillet 2021 · until 27 avril 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	13/05/2026	29/04/2025	26/04/2024	11/05/2023	16/05/2022	18/05/2021
General meeting	30/04/2026	24/04/2025	25/04/2024	27/04/2023	28/04/2022	29/04/2021
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

40 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/04/2026	13/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	30/04/2026	13/05/2026	Dutch	PDF
Full model	31/12/2024	24/04/2025	29/04/2025	Dutch	PDF
Consolidated accounts	31/12/2024	24/04/2025	30/04/2025	Dutch	PDF
Full model	31/12/2023	25/04/2024	26/04/2024	Dutch	PDF
Consolidated accounts	31/12/2023	25/04/2024	30/04/2024	Dutch	PDF
Full model	31/12/2022	27/04/2023	11/05/2023	Dutch	PDF
Consolidated accounts	31/12/2022	27/04/2023	22/05/2023	Dutch	PDF
Full model	31/12/2021	28/04/2022	16/05/2022	Dutch	PDF
Consolidated accounts	31/12/2021	28/04/2022	16/05/2022	Dutch	PDF
Full model	31/12/2020	29/04/2021	18/05/2021	Dutch	PDF
Consolidated accounts	31/12/2020	29/04/2021	18/05/2021	Dutch	PDF
Full model	31/12/2019	30/04/2020	13/05/2020	Dutch	PDF
Consolidated accounts	31/12/2019	30/04/2020	28/05/2020	Dutch	PDF
Full model	31/12/2018	25/04/2019	22/05/2019	Dutch	PDF
Consolidated accounts	31/12/2018	25/04/2019	22/05/2019	Dutch	PDF
Full model	31/12/2017	26/04/2018	16/05/2018	Dutch	PDF
Consolidated accounts	31/12/2017	26/04/2018	28/05/2018	Dutch	PDF
Full model	31/12/2016	27/04/2017	23/05/2017	Dutch	PDF
Consolidated accounts	31/12/2016	27/04/2017	29/05/2017	Dutch	PDF
Full model	31/12/2015	28/04/2016	24/05/2016	Dutch	PDF
Consolidated accounts	31/12/2015	28/04/2016	24/05/2016	Dutch	PDF
Full model	31/12/2014	30/04/2015	29/05/2015	Dutch	PDF
Consolidated accounts	31/12/2014	30/04/2015	29/05/2015	Dutch	PDF

View all 40 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 · 7 active · 95 ended

Active mandates

Hilde Laga

Director · since 25 avril 2024 · until 27 avril 2028

Active

Lieve Creten

Director · since 25 avril 2024 · until 27 avril 2028

Active

Adisys Corporation BO

Director · since 27 avril 2023 · until 29 avril 2027

Represented by Ashok K. Jain

Active

An Steegen

Persoon belast met dagelijks bestuur · since 27 avril 2023 · until 29 avril 2027

Active

Charles Beauduin

Chairman of the board of directors · since 27 avril 2023 · until 29 avril 2027

Active

Frank Donck

Director · since 27 avril 2023 · until 29 avril 2027

Active

James Lord Sassoon

Onafhankelijk bestuurder · since 27 avril 2023 · until 30 avril 2026

Active

Ended mandates

Charles Beauduin

Persoon belast met dagelijks bestuur · since 27 avril 2023 · until 29 avril 2027

Ended

Frank Donck

Chairman of the board of directors · since 27 avril 2023 · until 29 avril 2027

Ended

An Steegen

Persoon belast met dagelijks bestuur · since 16 juillet 2021 · until 27 avril 2023

Ended

Charles Beauduin

Persoon belast met dagelijks bestuur · since 16 juillet 2021 · until 27 avril 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/06/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates28/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other27/05/2026
DIVERSEN
PDF
Mandates06/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other22/07/2025
DIVERSEN
PDF
Restructuring02/05/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/04/2025
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

21/05/2026
reduction_capital
30/04/2026
reconductionLord James Sassoon — onafhankelijk bestuurder
2025
Annual accounts 202552,8 M €↓
25/04/2025
nominationMieke Van Leeuwe — commissaris
2024
Annual accounts 2024163,8 M €↑
01/09/2024
nominationCharles Beauduin — voorzitter
25/04/2024
reconductionHilde Laga — onafhankelijk bestuurder
25/04/2024
reconductionLieve Creten — onafhankelijk bestuurder
25/04/2024
reconductionLien Winne — commissaris
01/01/2024
autre
2023
Annual accounts 202395,1 M €↓
15/11/2023
cession
30/06/2023
nominationLien Winne — commissaris
27/04/2023
reconductionFrank Donck — onafhankelijk bestuurder
27/04/2023
reconductionCharles Beauduin — bestuurder
27/04/2023
reconductionAn Steegen — bestuurder
27/04/2023
reconductionAshok K. Jain — onafhankelijk bestuurder
27/04/2023
nominationLord James Sassoon — onafhankelijk bestuurder
27/04/2023
nominationCharles Beauduin — gedelegeerd bestuurder
27/04/2023
nominationAn Steegen — gedelegeerd bestuurder
27/04/2023
nominationFrank Donck — voorzitter
2022
Annual accounts 2022109,2 M €↑
28/04/2022
nominationAshok K. Jain — onafhankelijk bestuurder
2021
Annual accounts 202119,2 M €↑
2020
Annual accounts 2020-17,3 M €↓
2019
Annual accounts 201923,7 M €↓
2018
Annual accounts 201837,1 M €↑
2017
Annual accounts 2017-11,3 M €↑
2016
Annual accounts 2016-23,8 M €↓
2015
Annual accounts 2015-6,1 M €↓
2014
Annual accounts 201412,2 M €↓
2013
Annual accounts 201339,7 M €↑
2012
Annual accounts 201231 M €↓
2011
Annual accounts 201164,1 M €↓
2010
Annual accounts 2010101,9 M €↑
2009
Annual accounts 2009-26,4 M €↓
2008
Annual accounts 20086,9 M €↑
2007
Annual accounts 2007-18,1 M €
10/11/2000
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

BARCO

Overview

What does BARCO 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