ACTIVE

BADE EUROPE

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Financial year 2025 · Closed on 31/12/2025

Net result580,7 k €-30,9 %over 1 year
Revenue9,2 M €-20,4 %over 1 year
Equity4 M €+7,5 %over 1 year
Workforce7,6 ETP+8,6 %over 1 year

Identity

Source · BCE/KBO

BADE EUROPE is a Public limited company incorporated in 2012. Its main activity is: Wholesale of furniture, carpets and lighting equipment. Its registered office is in Waregem. It employs on average 7,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0501.870.179
Incorporation
27/11/2012
Legal form
Public limited company
Registered office
Sprietestraat 280
8792 Waregem · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
7,6 ETP
Joint committees (2)
  • 120
  • 214
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 13 filings

Trend over 11 financial years

20252024202320222021
Income statement
Revenue9,2 M €11,6 M €12,8 M €14 M €13 M €
EBITDA1,4 M €2 M €1,9 M €2,2 M €2,3 M €
Operating result1,4 M €2 M €1,9 M €2,1 M €2,3 M €
Net result580,7 k €840,7 k €640 k €783,4 k €989 k €
Balance sheet
Equity4 M €3,7 M €3,3 M €2,9 M €2,3 M €
Total assets6,2 M €6,4 M €7 M €5,5 M €6,7 M €
Cash578,9 k €541,8 k €538 k €232,1 k €496,9 k €
Debts2,2 M €2,7 M €3,7 M €2,7 M €4,4 M €
Other
Workforce7,6 ETP7,0 ETP7,5 ETP2,7 ETP8,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Gutan Bayram

Director

Active
RENDEC CONSULT

Director · 0890.204.830

Represented by Renaat Declerck

Active
STECRI

Managing director · 0829.677.028

Represented by Stefaan Declerck

Active

Ended mandates

Gutan Bayram

Director · since 22 juin 2018 · until 01 juin 2024

Ended
RENDEC CONSULT

Director · since 22 juin 2018 · until 01 juin 2024 · 0890.204.830

Represented by Renaat Declerck

Ended
STECRI

Managing director · since 22 juin 2018 · until 01 juin 2024 · 0829.677.028

Represented by Stefaan Declerck

Ended
Gürkan Bayram

Director · since 27 novembre 2012 · until 02 juin 2018

Ended

Other companies at this address

Sprietestraat 280 8792 Waregem
CompanyCBE no.
VERSTRAETE - HAHN● Active
0442.283.277
VERSTRAETE INVEST● Active
0442.283.178

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202610/06/202514/06/202419/06/202314/06/202207/06/2021
General meeting06/06/202607/06/202514/06/202416/06/202304/06/202205/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202506/06/202608/06/2026DutchPDF
Full model31/12/202407/06/202510/06/2025DutchPDF
Full model31/12/202314/06/202414/06/2024DutchPDF
Full model31/12/202216/06/202319/06/2023DutchPDF
Full model31/12/202104/06/202214/06/2022DutchPDF
Abridged model31/12/202005/06/202107/06/2021DutchPDF
Abridged model31/12/201906/06/202017/06/2020DutchPDF
Abridged model31/12/201821/06/201924/06/2019DutchPDF
Abridged model31/12/201722/06/201825/06/2018DutchPDF
Abridged model31/12/201602/06/201707/06/2017DutchPDF
Full model31/12/201503/06/201616/06/2016DutchPDF
Full model31/12/201410/06/201502/07/2015DutchPDF
Full model31/12/201330/06/201402/07/2014DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

Gutan Bayram

Director

Active
RENDEC CONSULT

Director · 0890.204.830

Represented by Renaat Declerck

Active
STECRI

Managing director · 0829.677.028

Represented by Stefaan Declerck

Active

Ended mandates

Gutan Bayram

Director · since 22 juin 2018 · until 01 juin 2024

Ended
RENDEC CONSULT

Director · since 22 juin 2018 · until 01 juin 2024 · 0890.204.830

Represented by Renaat Declerck

Ended
STECRI

Managing director · since 22 juin 2018 · until 01 juin 2024 · 0829.677.028

Represented by Stefaan Declerck

Ended
Gürkan Bayram

Director · since 27 novembre 2012 · until 02 juin 2018

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other19/07/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates15/06/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other19/12/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025580,7 k €↓
  2. 2024
    Annual accounts 2024840,7 k €↑
  3. 2023
    Annual accounts 2023640 k €↓
  4. 2022
    Annual accounts 2022783,4 k €↓
  5. 2021
    Annual accounts 2021989 k €↑
  6. 2018
    Annual accounts 2018280,5 k €↓
  7. 2017
    Annual accounts 2017388 k €↑
  8. 2016
    Annual accounts 20167,4 k €↓
  9. 2015
    Annual accounts 201552,5 k €↑
  10. 2014
    Annual accounts 201424,3 k €↑
  11. 2013
    Annual accounts 2013-736,6 k €
  12. 27/11/2012
    IncorporationPublic limited company