ACTIVE

BAVAGO

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Financial year 2025 · closed on 31/12/2025

Net result

201,1 k €

+179.4% YoY

Gross margin

769,6 k €

+28.0% YoY

Equity

572,8 k €

+9.4% YoY

Workforce

5,8 ETP

-23.7% YoY

What does BAVAGO do?

BAVAGO is a Private limited company incorporated in 2000. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Turnhout. It employs on average 5,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.210.243

Incorporation

09/11/2000

Legal form

Private limited company

Registered office

Hoveniersstraat 54
2300 Turnhout · FlandreSee on map

Contributed capital

14 851,64 €

Latest accounts

31/12/2025

Average workforce

5,8 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy 25620Machining 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines 28520Manufacture of machinery and equipment n.e.c.+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	769,6 k €	+28.0%	601,4 k €	-5.5%	636,2 k €	-0.4%	638,6 k €	+32.7%	481,1 k €	-1.5%	488,3 k €	-15.2%	576,1 k €	-7.4%	622,4 k €	+10.0%	565,9 k €	+21.5%	465,9 k €	-6.5%	498,2 k €	-12.2%	567,4 k €	+48.9%	381,1 k €	-4.3%	398,1 k €	+35.6%	293,5 k €	-5.9%	311,9 k €	+0.6%	310,1 k €	+19.1%	260,3 k €	+68.3%	154,7 k €	+108%	74,4 k €
EBITDA	389,7 k €	+95.4%	199,5 k €	+4.2%	191,4 k €	-28.1%	266,2 k €	+110%	126,9 k €	-32.8%	188,7 k €	-5.8%	200,4 k €	-30.0%	286,4 k €	+36.0%	210,6 k €	+23.7%	170,3 k €	+2.7%	165,8 k €	-35.2%	255,9 k €	+127%	112,5 k €	-36.0%	175,8 k €	+35.1%	130,1 k €	-15.6%	154,1 k €	+11.0%	138,8 k €	+3.8%	133,8 k €	+52.4%	87,8 k €	+133%	37,6 k €
Operating result	294,9 k €	+176%	106,8 k €	+9.9%	97,1 k €	-48.0%	186,8 k €	+168%	69,6 k €	-53.6%	150 k €	+41.2%	106,2 k €	-41.1%	180,3 k €	+71.3%	105,2 k €	+693%	13,3 k €	-75.5%	54,2 k €	-61.2%	139,8 k €	+438%	26 k €	-73.6%	98,5 k €	+305%	24,3 k €	-76.1%	101,6 k €	+6.4%	95,6 k €	+2.6%	93,1 k €	+85.4%	50,2 k €	+539%	7,9 k €
Net result	201,1 k €	+179%	72 k €	+13.7%	63,3 k €	-49.9%	126,4 k €	+167%	47,4 k €	-53.6%	102,2 k €	+55.5%	65,7 k €	-40.6%	110,7 k €	+103%	54,5 k €	+1766%	-3,3 k €	-114%	23,2 k €	-71.3%	80,6 k €	+3011%	2,6 k €	-95.1%	53 k €	+540%	8,3 k €	-86.6%	61,9 k €	+13.4%	54,5 k €	+1.4%	53,8 k €	+95.3%	27,5 k €	+7475%	363,5 €
Balance sheet
Equity	572,8 k €	+9.4%	523,5 k €	-2.4%	536,5 k €	+5.1%	510,4 k €	+32.4%	385,6 k €	+13.5%	339,8 k €	+13.4%	299,6 k €	+27.2%	235,5 k €	+27.4%	184,8 k €	-41.5%	315,7 k €	-14.8%	370,4 k €	+6.7%	347,3 k €	+30.2%	266,7 k €	-6.3%	284,7 k €	+22.9%	231,7 k €	+3.7%	223,4 k €	+38.3%	161,6 k €	+51.0%	107 k €	+127%	47,1 k €	+141%	19,5 k €
Total assets	1 M €	+10.2%	927,2 k €	-7.0%	997,4 k €	-4.1%	1 M €	+25.5%	828,7 k €	+28.3%	646 k €	-36.0%	1 M €	-4.0%	1,1 M €	-11.2%	1,2 M €	-5.6%	1,3 M €	+28.7%	974,4 k €	-4.5%	1 M €	+4.0%	981,1 k €	+3.1%	951,5 k €	+1.0%	942,3 k €	+47.8%	637,7 k €	+21.1%	526,6 k €	+0.9%	521,9 k €	-3.6%	541,4 k €	+19.0%	455,1 k €
Cash	280,4 k €	+215%	89,1 k €	-23.6%	116,6 k €	-28.3%	162,5 k €	+136%	68,8 k €	-47.3%	130,6 k €	+176%	47,4 k €	-42.8%	82,8 k €	-65.8%	242,1 k €	+35.8%	178,3 k €	+22.9%	145 k €	-13.1%	167 k €	+30.6%	127,9 k €	-6.6%	136,9 k €	-23.9%	179,8 k €	+54.7%	116,3 k €	+19.1%	97,6 k €	+60.0%	61 k €	+123%	27,4 k €	+53.4%	17,9 k €
Debts	448,8 k €	+14.1%	393,2 k €	-10.9%	441,2 k €	-16.5%	528,2 k €	+19.7%	441,4 k €	+44.9%	304,5 k €	-57.1%	709,2 k €	-13.1%	816 k €	-18.3%	998,4 k €	+6.5%	937,9 k €	+55.6%	602,6 k €	-10.2%	671,4 k €	+1.4%	662,3 k €	-0.2%	663,9 k €	-4.7%	696,4 k €	+93.3%	360,2 k €	-0.2%	360,8 k €	-12.0%	410,1 k €	-17.0%	494,3 k €	+13.5%	435,6 k €
Other
Workforce	5,8 ETP	-23.7%	7,6 ETP	-7.3%	8,2 ETP	+12.3%	7,3 ETP	0.0%	7,3 ETP	+4.3%	7,0 ETP	-7.9%	7,6 ETP	+11.8%	6,8 ETP	-8.1%	7,4 ETP	+32.1%	5,6 ETP	-5.1%	5,9 ETP	-1.7%	6,0 ETP	+17.6%	5,1 ETP	+27.5%	4,0 ETP	+17.6%	3,4 ETP	-15.0%	4,0 ETP	+5.3%	3,8 ETP	+26.7%	3,0 ETP	+76.5%	1,7 ETP	+88.9%	0,9 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 · 2 ended

Active mandates

Bart Van Gorp

Director

Active

Ended mandates

Bart Franciscus Van Gorp

Director

Ended

BART VAN GORP

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Immo Bavago● Active	0751.845.119

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	18/06/2026	27/06/2025	21/05/2024	16/06/2023	13/06/2022	17/06/2021
General meeting	05/06/2026	06/06/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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	18/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	21/05/2024	Dutch	PDF
Abridged model	31/12/2022	19/05/2023	16/06/2023	Dutch	PDF
Abridged model	31/12/2021	20/05/2022	13/06/2022	Dutch	PDF
Abridged model	31/12/2020	21/05/2021	17/06/2021	Dutch	PDF
Abridged model	31/12/2019	15/05/2020	02/06/2020	Dutch	PDF
Abridged model	31/12/2018	17/05/2019	20/05/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	22/05/2018	Dutch	PDF
Abridged model	31/12/2016	19/05/2017	22/05/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	23/05/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	18/05/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	20/05/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	21/05/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	24/05/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	25/05/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	27/05/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	18/05/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	27/05/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	08/06/2007	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 · 2 ended

Active mandates

Bart Van Gorp

Director

Active

Ended mandates

Bart Franciscus Van Gorp

Director

Ended

BART VAN GORP

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring18/08/2020
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/06/2020
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office02/04/2019
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares31/01/2018
KAPITAAL - AANDELEN
PDF
Capital / shares03/01/2014
KAPITAAL - AANDELEN
PDF
Capital / shares23/10/2002
DOEL - 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 2025201,1 k €↑
2024
Annual accounts 202472 k €↑
2023
Annual accounts 202363,3 k €↓
2022
Annual accounts 2022126,4 k €↑
2021
Annual accounts 202147,4 k €↓
2020
Annual accounts 2020102,2 k €↑
2019
Annual accounts 201965,7 k €↓
2018
Annual accounts 2018110,7 k €↑
2017
Annual accounts 201754,5 k €↑
2016
Annual accounts 2016-3,3 k €↓
2015
Annual accounts 201523,2 k €↓
2014
Annual accounts 201480,6 k €↑
2013
Annual accounts 20132,6 k €↓
2012
Annual accounts 201253 k €↑
2011
Annual accounts 20118,3 k €↓
2010
Annual accounts 201061,9 k €↑
2009
Annual accounts 200954,5 k €↑
2008
Annual accounts 200853,8 k €↑
2007
Annual accounts 200727,5 k €↑
2006
Annual accounts 2006363,5 €
09/11/2000
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

BAVAGO

Overview

What does BAVAGO 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