ACTIVE

BAERT G.E.

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

325,5 k €

+34.5% YoY

Gross margin

1,7 M €

+26.1% YoY

Equity

1,9 M €

+13.4% YoY

Workforce

19,9 ETP

+8.2% YoY

What does BAERT G.E. do?

BAERT G.E. is a Public limited company incorporated in 2004. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Sint-Gillis-Waas. It employs on average 19,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.090.342

Incorporation

04/05/2004

Legal form

Public limited company

Registered office

Zandstraat(SP) 59
9170 Sint-Gillis-Waas · FlandreSee on map

Contributed capital

65 000,00 €

Latest accounts

30/09/2025

Average workforce

19,9 ETP

Activities (NACE)

42220Construction of utility projects for electricity and telecommunications· main 42220Construction of utility projects for electricity and telecommunications 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 45215Maintenance and repair of motor vehicles 45332Sale of motor vehicle parts and accessories+6

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

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		2011		2010		2009		2008		2007
Income statement
Gross margin	1,7 M €	+26.1%	1,3 M €	-0.4%	1,3 M €	-5.0%	1,4 M €	+19.3%	1,2 M €	+11.6%	1,1 M €	-1.5%	1,1 M €	+5.7%	1 M €	+10.6%	917,2 k €	-2.3%	938,7 k €	-7.0%	1 M €	+3.6%	973,9 k €	+7.4%	906,8 k €	-4.0%	944,8 k €	+12.1%	842,9 k €	+11.7%	754,7 k €	+13.6%	664,2 k €	+14.5%	579,9 k €	+50.8%	384,6 k €
EBITDA	548,1 k €	+21.3%	451,8 k €	-5.6%	478,7 k €	-14.0%	556,8 k €	+48.9%	374 k €	+35.9%	275,1 k €	+19.1%	231,1 k €	-16.0%	275,2 k €	+3.5%	266 k €	+11.6%	238,4 k €	+4.1%	228,9 k €	+15.0%	199 k €	-0.5%	200,1 k €	-4.2%	209 k €	+5.0%	199 k €	+0.7%	197,5 k €	+4.9%	188,2 k €	+32.9%	141,6 k €	+41.6%	100 k €
Operating result	439,7 k €	+31.2%	335,1 k €	-7.3%	361,5 k €	-16.3%	431,9 k €	+73.7%	248,7 k €	+34.6%	184,7 k €	+41.2%	130,8 k €	+23.4%	106 k €	+5.1%	100,8 k €	-4.7%	105,8 k €	-0.3%	106,1 k €	+12.4%	94,4 k €	-25.0%	125,8 k €	+21.1%	103,9 k €	+2.1%	101,8 k €	-4.0%	106 k €	+11.1%	95,4 k €	+3.2%	92,4 k €	+7.9%	85,7 k €
Net result	325,5 k €	+34.5%	242,1 k €	-7.9%	262,9 k €	-15.2%	310,1 k €	+53.2%	202,4 k €	+50.9%	134,1 k €	+35.3%	99,1 k €	+38.8%	71,4 k €	-2.4%	73,2 k €	-10.1%	81,4 k €	+1.0%	80,6 k €	+5.3%	76,5 k €	-15.9%	91 k €	+21.3%	75 k €	+5.8%	70,9 k €	+0.9%	70,3 k €	+4.0%	67,5 k €	+9.2%	61,8 k €	+5.9%	58,4 k €
Balance sheet
Equity	1,9 M €	+13.4%	1,7 M €	+11.2%	1,5 M €	+14.3%	1,3 M €	+30.4%	1 M €	+24.7%	818,5 k €	-21.6%	1 M €	+10.5%	945,2 k €	+8.2%	873,8 k €	+9.1%	800,7 k €	+11.3%	719,2 k €	+12.6%	638,6 k €	+6.1%	602,1 k €	+17.8%	511,2 k €	+17.2%	436,2 k €	+19.4%	365,3 k €	+23.8%	295,1 k €	+29.7%	227,5 k €	+37.3%	165,7 k €
Total assets	2,3 M €	+2.0%	2,2 M €	+10.1%	2 M €	+2.5%	2 M €	+25.7%	1,6 M €	+1.7%	1,5 M €	+16.9%	1,3 M €	+0.8%	1,3 M €	+13.3%	1,1 M €	+2.6%	1,1 M €	+3.3%	1,1 M €	-3.3%	1,1 M €	+36.5%	819,1 k €	+8.0%	758,3 k €	-0.9%	765,1 k €	+10.6%	691,6 k €	+6.4%	649,9 k €	+53.0%	424,7 k €	+44.7%	293,4 k €
Cash	1,1 M €	+7.0%	1 M €	+8.6%	957,2 k €	+7.2%	892,8 k €	+67.4%	533,3 k €	-32.2%	786,7 k €	+101%	391,3 k €	+2.6%	381,5 k €	+31.8%	289,5 k €	-1.9%	295,2 k €	+89.8%	155,6 k €	-13.2%	179,2 k €	-38.3%	290,5 k €	-6.6%	311,2 k €	+40.7%	221,2 k €	+71.2%	129,2 k €	+160%	49,6 k €	-28.8%	69,8 k €	+12.4%	62,1 k €
Debts	334,5 k €	-35.2%	516 k €	+6.7%	483,8 k €	-22.6%	624,6 k €	+16.7%	535,2 k €	-24.8%	711,6 k €	+169%	264,5 k €	-25.2%	353,6 k €	+29.5%	273 k €	-13.8%	316,6 k €	-12.6%	362,3 k €	-24.4%	479,4 k €	+121%	217 k €	-12.2%	247,2 k €	-24.8%	328,9 k €	+0.8%	326,2 k €	-8.1%	354,9 k €	+80.9%	196,1 k €	+53.6%	127,7 k €
Other
Workforce	19,9 ETP	+8.2%	18,4 ETP	+2.2%	18,0 ETP	-3.2%	18,6 ETP	0.0%	18,6 ETP	-2.1%	19,0 ETP	0.0%	19,0 ETP	+5.0%	18,1 ETP	+5.2%	17,2 ETP	-7.0%	18,5 ETP	+4.5%	17,7 ETP	-1.1%	17,9 ETP	-1.6%	18,2 ETP	-1.1%	18,4 ETP	+5.7%	17,4 ETP	+8.7%	16,0 ETP	+14.3%	14,0 ETP	+6.1%	13,2 ETP	+32.0%	10,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 12 ended

Active mandates

Berlinda Dhondt

Director · since 27 avril 2004

Active

Erik Baert

Director · since 27 avril 2004

Active

Gerard Baert

Managing director · since 27 avril 2004

Active

Ended mandates

Berlinda Dhondt

Director · since 27 avril 2004 · until 26 avril 2010

Ended

Berlinda Dhondt

Director · since 27 avril 2004 · until 08 février 2016

Ended

Berlinda Dhondt

Director · since 27 avril 2004 · until 08 février 2022

Ended

Erik Baert

Director · since 27 avril 2004 · until 06 avril 2010

Ended

At this address

Other companies at this address

Company	CBE no.
BAERT-GIGURI● Active	0535.762.870
Giguri● Active	0508.506.860

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	01/10/2024	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	26/03/2026	06/03/2025	08/03/2024	10/03/2023	25/03/2022	23/02/2021
General meeting	10/03/2026	10/02/2025	12/02/2024	13/02/2023	28/02/2022	08/02/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	10/03/2026	26/03/2026	Dutch	PDF
Abridged model	30/09/2024	10/02/2025	06/03/2025	Dutch	PDF
Abridged model	30/09/2023	12/02/2024	08/03/2024	Dutch	PDF
Abridged model	30/09/2022	13/02/2023	10/03/2023	Dutch	PDF
Abridged model	30/09/2021	28/02/2022	25/03/2022	Dutch	PDF
Abridged model	30/09/2020	08/02/2021	23/02/2021	Dutch	PDF
Abridged model	30/09/2019	10/02/2020	02/03/2020	Dutch	PDF
Abridged model	30/09/2018	11/02/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	12/02/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	13/02/2017	13/03/2017	Dutch	PDF
Abridged model	30/09/2015	08/02/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	09/02/2015	30/04/2015	Dutch	PDF
Abridged model	30/09/2013	10/02/2014	28/03/2014	Dutch	PDF
Abridged model	30/09/2012	11/02/2013	03/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	24/05/2012	Dutch	PDF
Abridged model	30/09/2010	14/02/2011	24/03/2011	Dutch	PDF
Abridged model	30/09/2009	08/02/2010	24/03/2010	Dutch	PDF
Abridged model	30/09/2008	09/02/2009	27/03/2009	Dutch	PDF
Abridged model	30/09/2007	11/02/2008	26/02/2008	Dutch	PDF
Abridged model	30/09/2006	12/02/2007	21/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/09/2025 · 3 active · 12 ended

Active mandates

Berlinda Dhondt

Director · since 27 avril 2004

Active

Erik Baert

Director · since 27 avril 2004

Active

Gerard Baert

Managing director · since 27 avril 2004

Active

Ended mandates

Berlinda Dhondt

Director · since 27 avril 2004 · until 26 avril 2010

Ended

Berlinda Dhondt

Director · since 27 avril 2004 · until 08 février 2016

Ended

Berlinda Dhondt

Director · since 27 avril 2004 · until 08 février 2022

Ended

Erik Baert

Director · since 27 avril 2004 · until 06 avril 2010

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/08/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/01/2016
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares24/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other14/05/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 2025325,5 k €↑
2024
Annual accounts 2024242,1 k €↓
2023
Annual accounts 2023262,9 k €↓
2022
Annual accounts 2022310,1 k €↑
2021
Annual accounts 2021202,4 k €↑
2020
Annual accounts 2020134,1 k €↑
2019
Annual accounts 201999,1 k €↑
2018
Annual accounts 201871,4 k €↓
2017
Annual accounts 201773,2 k €↓
2016
Annual accounts 201681,4 k €↑
2015
Annual accounts 201580,6 k €↑
2014
Annual accounts 201476,5 k €↓
2013
Annual accounts 201391 k €↑
2012
Annual accounts 201275 k €↑
2011
Annual accounts 201170,9 k €↑
2010
Annual accounts 201070,3 k €↑
2009
Annual accounts 200967,5 k €↑
2008
Annual accounts 200861,8 k €↑
2007
Annual accounts 200758,4 k €
04/05/2004
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

BAERT G.E.

Overview

What does BAERT G.E. 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