ACTIVE

BAX

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Financial year 2025 · closed on 31/12/2025

Net result

-173,6 k €

-30.9% YoY

Gross margin

1,2 M €

+10.2% YoY

Equity

505 k €

-25.6% YoY

Workforce

14,3 ETP

+13.5% YoY

What does BAX do?

BAX is a Private limited company incorporated in 2001. Its registered office is in Ravels. It employs on average 14,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.794.709

Incorporation

14/05/2001

Legal form

Private limited company

Registered office

Weeldestraat 30
2381 Ravels · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

14,3 ETP

Joint committees (3)

Contacts

4 public details availableLog in to view

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	+10.2%	1,1 M €	-18.7%	1,4 M €	-10.0%	1,5 M €	+7.4%	1,4 M €	+12.4%	1,2 M €	+10.1%	1,1 M €	+9.7%	1 M €	-1.2%	1 M €	-8.8%	1,1 M €	+24.6%	916,7 k €	+13.5%	808 k €	-12.9%	927,7 k €	-8.6%	1 M €	+11.9%	907 k €	+9.9%	825,6 k €	+1.2%	816,1 k €	+16.1%	703,1 k €	+33.9%	525,2 k €
EBITDA	350 k €	+24.6%	280,9 k €	-21.8%	359,4 k €	-25.7%	483,9 k €	-2.1%	494,5 k €	+7.2%	461,2 k €	+28.4%	359,2 k €	+14.2%	314,6 k €	-14.5%	367,9 k €	-14.2%	428,6 k €	+57.6%	272 k €	+33.8%	203,3 k €	-26.9%	277,9 k €	+16.2%	239,2 k €	-21.7%	305,4 k €	-10.9%	342,8 k €	-2.6%	352 k €	+14.4%	307,8 k €	+84.1%	167,2 k €
Operating result	-30,1 k €	-12.3%	-26,8 k €	-135%	76,6 k €	-60.0%	191,6 k €	-13.2%	220,8 k €	+20.3%	183,5 k €	+85.1%	99,1 k €	+27.6%	77,7 k €	-10.8%	87 k €	-24.0%	114,6 k €	+608%	-22,6 k €	+29.7%	-32,1 k €	-189%	36,2 k €	-18.3%	44,2 k €	-62.0%	116,4 k €	-30.9%	168,3 k €	-7.5%	182 k €	+34.2%	135,6 k €	+129%	59,1 k €
Net result	-173,6 k €	-30.9%	-132,6 k €	-718%	21,5 k €	-79.9%	106,9 k €	-20.3%	134,3 k €	+15.2%	116,6 k €	+504%	19,3 k €	+50.4%	12,8 k €	+131%	5,6 k €	-86.3%	40,6 k €	+157%	-71,1 k €	+11.8%	-80,5 k €	-24168%	334,6 €	-97.2%	12 k €	-84.7%	78,2 k €	-32.7%	116,1 k €	-5.1%	122,4 k €	-0.6%	123,2 k €	+133%	52,9 k €
Balance sheet
Equity	505 k €	-25.6%	678,6 k €	-16.3%	811,2 k €	+2.7%	789,8 k €	+15.7%	682,8 k €	+24.5%	548,6 k €	+27.0%	432 k €	+1.5%	425,5 k €	+3.1%	412,7 k €	+1.4%	407,1 k €	+11.1%	366,6 k €	-16.2%	437,6 k €	-15.5%	518,1 k €	+0.1%	517,8 k €	+12.2%	461,5 k €	+10.3%	418,3 k €	+24.1%	337,2 k €	+35.0%	249,8 k €	+54.5%	161,6 k €
Total assets	4 M €	+28.9%	3,1 M €	+46.9%	2,1 M €	-34.0%	3,2 M €	-6.4%	3,5 M €	+0.1%	3,4 M €	+5.7%	3,3 M €	+1.8%	3,2 M €	+12.0%	2,9 M €	-0.3%	2,9 M €	+16.6%	2,5 M €	-4.0%	2,6 M €	+23.0%	2,1 M €	-8.7%	2,3 M €	+92.5%	1,2 M €	-4.9%	1,2 M €	+10.4%	1,1 M €	-3.6%	1,2 M €	+46.7%	797,4 k €
Cash	20,3 k €	-77.6%	90,5 k €	-62.0%	238,3 k €	+319%	56,9 k €	-13.1%	65,5 k €	-49.3%	129,2 k €	+92.9%	67 k €	-27.1%	91,9 k €	+63.0%	56,4 k €	-35.6%	87,5 k €	+4.1%	84,1 k €	+46.3%	57,4 k €		–		41,4 k €	-54.1%	90,3 k €	+2.2%	88,4 k €	-3.9%	91,9 k €	+5.0%	87,5 k €	+244%	25,5 k €
Debts	3,5 M €	+44.1%	2,4 M €	+86.1%	1,3 M €	-46.0%	2,4 M €	-11.9%	2,8 M €	-4.5%	2,9 M €	+2.5%	2,8 M €	+1.9%	2,8 M €	+13.7%	2,4 M €	-0.6%	2,5 M €	+17.7%	2,1 M €	-1.5%	2,1 M €	+36.0%	1,6 M €	-3.5%	1,6 M €	+123%	722,1 k €	-12.6%	826,3 k €	+4.6%	790,2 k €	-14.1%	920 k €	+44.7%	635,7 k €
Other
Workforce	14,3 ETP	+13.5%	12,6 ETP	-28.4%	17,6 ETP	-16.6%	21,1 ETP	+11.6%	18,9 ETP	+20.4%	15,7 ETP	+7.5%	14,6 ETP	+9.8%	13,3 ETP	+3.1%	12,9 ETP	-9.8%	14,3 ETP	+11.7%	12,8 ETP	-3.0%	13,2 ETP	+11.9%	11,8 ETP	-28.0%	16,4 ETP	+24.2%	13,2 ETP	+12.8%	11,7 ETP	+10.4%	10,6 ETP	+15.2%	9,2 ETP	+5.7%	8,7 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 · 2 ended

Active mandates

Peter Bax

Director

Active

Ended mandates

Jan Bax

Manager

Ended

Peter Bax

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BRIK● Active	0789.758.954

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	30/07/2024	04/07/2023	29/07/2022	15/07/2021
General meeting	01/06/2026	02/06/2025	30/06/2024	01/06/2023	30/06/2022	30/06/2021
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	01/06/2026	18/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	30/07/2024	Dutch	PDF
Abridged model	31/12/2022	01/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	15/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	17/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	17/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/06/2014	14/07/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	22/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/08/2007	31/10/2007	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 · 2 ended

Active mandates

Peter Bax

Director

Active

Ended mandates

Jan Bax

Manager

Ended

Peter Bax

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/11/2011
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/05/2011
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025-173,6 k €↓
2024
Annual accounts 2024-132,6 k €↓
2024
Name changeBax
2023
Annual accounts 202321,5 k €↓
2022
Annual accounts 2022106,9 k €↓
2021
Annual accounts 2021134,3 k €↑
2020
Annual accounts 2020116,6 k €↑
2019
Annual accounts 201919,3 k €↑
2018
Annual accounts 201812,8 k €↑
2017
Annual accounts 20175,6 k €↓
2016
Annual accounts 201640,6 k €↑
2015
Annual accounts 2015-71,1 k €↑
2014
Annual accounts 2014-80,5 k €↓
2013
Annual accounts 2013334,6 €↓
2012
Annual accounts 201212 k €↓
2010
Annual accounts 201078,2 k €↓
2009
Annual accounts 2009116,1 k €↓
2008
Annual accounts 2008122,4 k €↓
2007
Annual accounts 2007123,2 k €↑
2006
Annual accounts 200652,9 k €
2006
Name changePeter Bax
14/05/2001
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

BAX

Overview

What does BAX do?

Trend over 19 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