ACTIVE

BATHOS

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Financial year 2025 · closed on 30/09/2025

Net result

783,9 k €

+720.6% YoY

Gross margin

1,1 M €

+1337.8% YoY

Equity

5,8 M €

+15.5% YoY

What does BATHOS do?

BATHOS is a Public limited company incorporated in 2001. Its registered office is in Wervik.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.173.097

Incorporation

29/11/2001

Legal form

Public limited company

Registered office

Hoogweg 78
8940 Wervik · FlandreSee on map

Contributed capital

2 882 500,00 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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
Gross margin	1,1 M €	+1338%	74,2 k €	-30.8%	107,1 k €	-52.9%	227,3 k €	-31.1%	329,8 k €	+158%	127,8 k €	-73.3%	479 k €	+21.2%	395,2 k €	+41.1%	280,1 k €	+83.1%	153 k €	-68.0%	477,7 k €	+61.2%	296,4 k €	+7.2%	276,4 k €	+7.3%	257,6 k €	+138%	108,4 k €	-48.5%	210,5 k €	+56.4%	134,6 k €	+6.7%	126,1 k €	-81.2%	670,8 k €
EBITDA	1 M €	+1948%	50,5 k €	-40.4%	84,9 k €	-59.0%	207 k €	-33.6%	311,7 k €	+183%	110,1 k €	-76.2%	462,1 k €	+22.2%	378 k €	+43.8%	263 k €	+94.6%	135,1 k €	-70.6%	459,3 k €	+67.2%	274,7 k €	+10.7%	248,1 k €	+6.7%	232,6 k €	+198%	78 k €	-57.4%	183,2 k €	+69.2%	108,2 k €	+7.8%	100,4 k €	-84.4%	644,6 k €
Operating result	1 M €	+1948%	50,5 k €	-40.4%	84,9 k €	-59.0%	207 k €	-33.6%	311,7 k €	+183%	110,1 k €	-76.2%	462,1 k €	+22.2%	378 k €	+43.8%	263 k €	+94.6%	135,1 k €	-70.6%	459,3 k €	+67.2%	274,7 k €	+10.7%	248,1 k €	+6.7%	232,6 k €	+198%	78 k €	-57.4%	183,2 k €	+69.2%	108,2 k €	+7.8%	100,4 k €	-84.4%	644,5 k €
Net result	783,9 k €	+721%	95,5 k €	+1.1%	94,5 k €	-38.1%	152,7 k €	-34.4%	232,7 k €	+200%	77,7 k €	-76.2%	325,7 k €	-0.3%	326,8 k €	+80.0%	181,5 k €	+250%	51,9 k €	-86.2%	375,2 k €	+494%	63,2 k €	+6186%	1 k €	+103%	-35,3 k €	+72.5%	-128,5 k €	-459%	35,8 k €	+306%	-17,3 k €	-794%	2,5 k €	-99.4%	431,5 k €
Balance sheet
Equity	5,8 M €	+15.5%	5 M €	+1.9%	4,9 M €	+1.9%	4,9 M €	+3.3%	4,7 M €	+5.2%	4,5 M €	+1.8%	4,4 M €	+8.0%	4,1 M €	+8.4%	3,7 M €	+5.1%	3,6 M €	+1.5%	3,5 M €	+12.0%	3,1 M €	+2.1%	3,1 M €	+0.0%	3,1 M €	-1.1%	3,1 M €	-4.0%	3,2 M €	+1.1%	3,2 M €	-0.5%	3,2 M €	+0.1%	3,2 M €
Total assets	5,9 M €	+16.2%	5,1 M €	+2.0%	5 M €	+1.9%	4,9 M €	+3.5%	4,7 M €	+4.8%	4,5 M €	+1.5%	4,4 M €	+6.1%	4,2 M €	-18.7%	5,1 M €	-17.0%	6,2 M €	+1.4%	6,1 M €	-8.5%	6,7 M €	-3.5%	6,9 M €	-6.8%	7,4 M €	-2.4%	7,6 M €	+20.9%	6,3 M €	+0.3%	6,3 M €	-1.0%	6,3 M €	-2.4%	6,5 M €
Cash	164,5 k €	+34.1%	122,7 k €	-61.6%	319,7 k €	-81.9%	1,8 M €	+17.7%	1,5 M €	+25.2%	1,2 M €	-43.8%	2,1 M €	+270%	576,6 k €	+1429%	37,7 k €	-86.1%	272,1 k €	+114%	127 k €	+972%	11,8 k €	-83.5%	72 k €	-70.3%	241,9 k €	+389%	49,4 k €	-96.1%	1,3 M €	-13.2%	1,5 M €	+8374%	17,2 k €	-91.9%	212,5 k €
Debts	55 k €	+193%	18,8 k €		0 €	-100%	10,9 k €		–		11,1 k €	-71.3%	38,5 k €	-43.1%	67,7 k €	-94.8%	1,3 M €	-48.5%	2,5 M €	+0.8%	2,5 M €	-24.6%	3,3 M €	-7.4%	3,6 M €	-13.0%	4,1 M €	-3.7%	4,3 M €	+48.6%	2,9 M €	-0.4%	2,9 M €	-1.7%	2,9 M €	-5.2%	3,1 M €

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 30/09/2025 · 2 active · 5 ended

Active mandates

Isabelle TURKERY

Director

Active

TOBCO

Director · 0477.489.329

Represented by Frédéric BAELEN

Active

Ended mandates

Maurice BAELEN

Director

Ended

TOBCO

Managing director · 0477.489.329

Represented by Frédéric Baelen

Ended

TOBCO

Managing director · 0477.489.329

Represented by Frédéric BAELEN

Ended

TOBCO

Managing director · 0477.489.329

Represented by Frédéric Baelen

Ended

At this address

Other companies at this address

Company	CBE no.
BAELEN INVEST● Active	0478.347.976
TOBCO● Active	0477.489.329

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/03/2026	26/02/2025	04/03/2024	02/03/2023	21/02/2022	01/03/2021
General meeting	28/02/2026	22/02/2025	24/02/2024	25/02/2023	19/02/2022	27/02/2021
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
Micro model	30/09/2025	28/02/2026	10/03/2026	Dutch	PDF
Abridged model	30/09/2024	22/02/2025	26/02/2025	Dutch	PDF
Abridged model	30/09/2023	24/02/2024	04/03/2024	Dutch	PDF
Abridged model	30/09/2022	25/02/2023	02/03/2023	Dutch	PDF
Abridged model	30/09/2021	19/02/2022	21/02/2022	Dutch	PDF
Abridged model	30/09/2020	27/02/2021	01/03/2021	Dutch	PDF
Abridged model	30/09/2019	29/02/2020	04/03/2020	Dutch	PDF
Micro model	30/09/2018	23/02/2019	25/02/2019	Dutch	PDF
Micro model	30/09/2017	24/02/2018	26/02/2018	Dutch	PDF
Abridged model	30/09/2016	25/02/2017	28/03/2017	Dutch	PDF
Abridged model	30/09/2015	19/12/2015	14/01/2016	Dutch	PDF
Abridged model	30/09/2014	28/02/2015	03/03/2015	Dutch	PDF
Abridged model	30/09/2013	22/02/2014	24/02/2014	Dutch	PDF
Abridged model	30/09/2012	23/02/2013	25/02/2013	Dutch	PDF
Abridged model	30/09/2011	25/02/2012	27/03/2012	Dutch	PDF
Abridged model	30/09/2010	26/02/2011	28/02/2011	Dutch	PDF
Abridged model	30/09/2009	27/02/2010	29/04/2010	Dutch	PDF
Abridged model	30/09/2008	28/02/2009	18/03/2009	Dutch	PDF
Abridged model	30/09/2007	23/02/2008	27/02/2008	Dutch	PDF
Abridged model	30/09/2006	24/02/2007	28/02/2007	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 30/09/2025 · 2 active · 5 ended

Active mandates

Isabelle TURKERY

Director

Active

TOBCO

Director · 0477.489.329

Represented by Frédéric BAELEN

Active

Ended mandates

Maurice BAELEN

Director

Ended

TOBCO

Managing director · 0477.489.329

Represented by Frédéric Baelen

Ended

TOBCO

Managing director · 0477.489.329

Represented by Frédéric BAELEN

Ended

TOBCO

Managing director · 0477.489.329

Represented by Frédéric Baelen

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/10/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares22/10/2004
KAPITAAL - AANDELEN
PDF
Capital / shares15/01/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
PDF
Capital / shares16/01/2003
KAPITAAL - AANDELEN - 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 2025783,9 k €↑
2024
Annual accounts 202495,5 k €↑
2023
Annual accounts 202394,5 k €↓
2022
Annual accounts 2022152,7 k €↓
2021
Annual accounts 2021232,7 k €↑
2020
Annual accounts 202077,7 k €↓
2019
Annual accounts 2019325,7 k €↓
2018
Annual accounts 2018326,8 k €↑
2017
Annual accounts 2017181,5 k €↑
2016
Annual accounts 201651,9 k €↓
2015
Annual accounts 2015375,2 k €↑
2014
Annual accounts 201463,2 k €↑
2013
Annual accounts 20131 k €↑
2012
Annual accounts 2012-35,3 k €↑
2011
Annual accounts 2011-128,5 k €↓
2010
Annual accounts 201035,8 k €↑
2009
Annual accounts 2009-17,3 k €↓
2008
Annual accounts 20082,5 k €↓
2007
Annual accounts 2007431,5 k €
29/11/2001
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

BATHOS

Overview

What does BATHOS 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