ACTIVE

BADECO

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Financial year 2025 · closed on 31/12/2025

Net result

36,8 k €

-65.6% YoY

Gross margin

51,0 k €

-50.9% YoY

Equity

881,7 k €

+4.4% YoY

What does BADECO do?

BADECO is a Private company with limited liability incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Zandhoven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.043.921

Incorporation

20/03/2002

Legal form

Private company with limited liability

Registered office

Pastoriestraat 13 box 2
2243 Zandhoven · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 46349Wholesale of beverages 46349Wholesale of beverages 47252Retail sale of beverages in specialised stores+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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Recommended credit limit

✦ 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	51,0 k €	-50.9%	103,7 k €	-10.8%	116,2 k €	+25.2%	92,8 k €	-18.2%	113,4 k €	+92.3%	59,0 k €	-33.1%	88,1 k €	+17.2%	75,2 k €	-31.6%	109,9 k €	+7.3%	102,4 k €	+135%	43,6 k €	-57.0%	101,4 k €	+48.8%	68,2 k €	+23.9%	55,0 k €	+195%	18,6 k €	-78.0%	84,7 k €	+13.3%	74,8 k €	-3.9%	77,8 k €	-11.2%	87,5 k €	+7.0%	81,8 k €
EBITDA	50,4 k €	-51.2%	103,1 k €	-10.8%	115,6 k €	+25.3%	92,3 k €	-18.3%	112,9 k €	+94.0%	58,2 k €	-33.4%	87,4 k €	+17.4%	74,5 k €	-31.7%	109,0 k €	+7.2%	101,6 k €	+138%	42,7 k €	-57.5%	100,5 k €	+49.1%	67,4 k €	+25.2%	53,8 k €	-33.8%	81,3 k €	+298%	20,5 k €	-72.4%	74,1 k €	-3.7%	77,0 k €	-9.9%	85,4 k €	+5.9%	80,6 k €
Operating result	38,4 k €	-57.9%	91,1 k €	-12.0%	103,6 k €	+29.1%	80,3 k €	-25.8%	108,2 k €	+95.3%	55,4 k €	-34.5%	84,6 k €	+32.1%	64,0 k €	-35.2%	98,9 k €	+6.7%	92,6 k €	+182%	32,9 k €	-66.5%	98,3 k €	+54.6%	63,5 k €	+27.8%	49,7 k €	-36.4%	78,2 k €	+595%	11,3 k €	-82.7%	65,1 k €	-3.4%	67,4 k €	-11.5%	76,1 k €	+8.2%	70,4 k €
Net result	36,8 k €	-65.6%	107,1 k €	+42.7%	75,1 k €	+29.5%	58,0 k €	-24.1%	76,4 k €	+94.0%	39,4 k €	-36.3%	61,8 k €	+36.4%	45,3 k €	-27.2%	62,2 k €	+4.2%	59,7 k €	+244%	17,3 k €	-73.1%	64,4 k €	+37.8%	46,7 k €	+25.3%	37,3 k €	-33.4%	56,0 k €	+355%	12,3 k €	-76.0%	51,3 k €	+11.5%	46,0 k €	-13.9%	53,5 k €	+6.1%	50,4 k €
Balance sheet
Equity	881,7 k €	+4.4%	844,8 k €	+14.5%	737,7 k €	+11.3%	662,6 k €	+9.6%	604,6 k €	+14.5%	528,2 k €	+5.9%	498,8 k €	+14.2%	436,9 k €	+11.6%	391,6 k €	+18.9%	329,4 k €	+22.1%	269,7 k €	+6.9%	252,4 k €	+34.3%	188,0 k €	+33.1%	141,2 k €	+35.9%	104,0 k €	+117%	48,0 k €	-80.1%	241,6 k €	+27.0%	190,2 k €	-31.3%	277,1 k €	+23.9%	223,6 k €
Total assets	942,3 k €	+4.8%	898,9 k €	+16.0%	775,2 k €	+7.6%	720,7 k €	+8.5%	664,4 k €	+14.3%	581,4 k €	+5.8%	549,7 k €	+15.0%	478,1 k €	+11.7%	428,1 k €	+12.9%	379,2 k €	+28.7%	294,7 k €	+0.2%	294,2 k €	+30.7%	225,2 k €	+28.3%	175,5 k €	+40.7%	124,7 k €	-63.5%	341,5 k €	+22.7%	278,2 k €	+14.1%	243,9 k €	-17.4%	295,2 k €	+19.3%	247,4 k €
Cash	130,7 k €	-54.6%	288,0 k €	+210%	92,9 k €	-78.5%	431,5 k €	+19.9%	360,0 k €	+7.7%	334,4 k €	-32.3%	494,0 k €	+19.3%	414,0 k €	+20.3%	344,1 k €	+7.4%	320,2 k €	+41.6%	226,1 k €	-3.3%	233,7 k €	+40.7%	166,1 k €	+45.1%	114,5 k €	+80.7%	63,4 k €	-76.7%	272,0 k €	+22.0%	223,0 k €	+715%	27,4 k €	+28.3%	21,3 k €	-88.8%	190,9 k €
Debts	60,7 k €	+12.1%	54,1 k €	+44.3%	37,5 k €	-35.5%	58,1 k €	-2.8%	59,8 k €	+12.5%	53,2 k €	+4.5%	50,9 k €	+23.7%	41,2 k €	+13.0%	36,4 k €	-26.8%	49,8 k €	+98.8%	25,0 k €	-40.1%	41,8 k €	+12.4%	37,2 k €	+10.1%	33,8 k €	+62.9%	20,7 k €	-91.0%	230,1 k €	+527%	36,7 k €	-29.8%	52,2 k €	+188%	18,1 k €	-24.0%	23,8 k €

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

Paul Baert

Director

Active

Ended mandates

Paul Baert

Administrator - manager

Ended

Paul Baert

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	24/07/2026	01/07/2025	05/07/2024	05/07/2023	01/07/2022	13/07/2021
General meeting	30/06/2026	27/06/2025	28/06/2024	30/06/2023	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
Micro model	31/12/2025	30/06/2026	24/07/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	01/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	05/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	05/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	01/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	13/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	06/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	04/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	06/07/2018	Dutch	PDF
Micro model	31/12/2016	12/06/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	08/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	10/06/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	26/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	12/06/2007	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

Paul Baert

Director

Active

Ended mandates

Paul Baert

Administrator - manager

Ended

Paul Baert

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office27/03/2026
MAATSCHAPPELIJKE ZETEL
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 202536,8 k €↓
2024
Annual accounts 2024107,1 k €↑
2023
Annual accounts 202375,1 k €↑
2022
Annual accounts 202258,0 k €↓
2021
Annual accounts 202176,4 k €↑
2020
Annual accounts 202039,4 k €↓
2019
Annual accounts 201961,8 k €↑
2018
Annual accounts 201845,3 k €↓
2017
Annual accounts 201762,2 k €↑
2016
Annual accounts 201659,7 k €↑
2015
Annual accounts 201517,3 k €↓
2014
Annual accounts 201464,4 k €↑
2013
Annual accounts 201346,7 k €↑
2012
Annual accounts 201237,3 k €↓
2011
Annual accounts 201156,0 k €↑
2010
Annual accounts 201012,3 k €↓
2009
Annual accounts 200951,3 k €↑
2008
Annual accounts 200846,0 k €↓
2007
Annual accounts 200753,5 k €↑
2006
Annual accounts 200650,4 k €
20/03/2002
IncorporationPrivate company with limited liability

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

BADECO

Overview

What does BADECO do?

Trend over 20 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