ACTIVE

BAKBEL EUROPE

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Financial year 2025 · Closed on 31/12/2025

Net result1,3 M €-7,4 %over 1 year

Revenue20,3 M €+6,0 %over 1 year

Equity5,6 M €+29,5 %over 1 year

Workforce41,0 ETP+2,5 %over 1 year

Identity

Source · BCE/KBO

BAKBEL EUROPE is a Public limited company incorporated in 2005. Its registered office is in Seneffe. It employs on average 41,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0875.090.349
Incorporation: 14/07/2005
Legal form: Public limited company
Registered office: Parc Industriel Paysager de Tyberchamps 4
7180 Seneffe · WallonieSee on map
Contributed capital: 1 500 000,00 €
Latest accounts: 31/12/2025
Average workforce: 41,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	20,3 M €	+6.0%	19,1 M €	+8.6%	17,6 M €	+7.4%	16,4 M €	+19.3%	13,7 M €
EBITDA	2 M €	-7.9%	2,1 M €	+32.6%	1,6 M €	+4.5%	1,5 M €	-14.4%	1,8 M €
Operating result	1,6 M €	-11.6%	1,8 M €	+32.3%	1,4 M €	+6.6%	1,3 M €	-9.2%	1,4 M €
Net result	1,3 M €	-7.4%	1,4 M €	+30.7%	1 M €	+9.9%	953,2 k €	-11.2%	1,1 M €
Balance sheet
Equity	5,6 M €	+29.5%	4,3 M €	-20.8%	5,4 M €	+23.9%	4,4 M €	+27.8%	3,4 M €
Total assets	10,5 M €	+1.3%	10,4 M €	+16.0%	8,9 M €	+10.0%	8,1 M €	+3.9%	7,8 M €
Cash	2 M €	-7.7%	2,2 M €	-19.3%	2,7 M €	+56.7%	1,7 M €	-14.1%	2 M €
Debts	4,9 M €	-18.6%	6 M €	+71.6%	3,5 M €	-3.2%	3,6 M €	-15.3%	4,3 M €
Other
Workforce	41,0 ETP	+2.5%	40,0 ETP	+14.3%	35,0 ETP	0.0%	35,0 ETP	+4.5%	33,5 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 · 21 ended

Active mandates

Armin ULRICH

Director · since 08 septembre 2023 · until 25 mai 2029

Active

Patrick GLOGGNER

Director · since 08 septembre 2023 · until 25 mai 2029

Active

PHD MANAGEMENT COMPANY

Managing director · since 08 septembre 2023 · until 25 mai 2029 · 0668.714.832

Represented by Philippe DELAHAYE

Active

Ended mandates

Patrick GLOGGNER

Director · since 01 janvier 2020 · until 30 mai 2025

Ended

Daniel VAN ZWOL

Director · since 25 mai 2018 · until 31 mai 2019

Ended

Armin ULRICH

Director · since 27 mars 2018 · until 30 mai 2025

Ended

PHD MANAGEMENT COMPANY

Managing director · since 01 juin 2017 · until 01 juin 2023 · 0668.714.832

Represented by Philippe DELAHAYE

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/06/2026	25/06/2025	12/06/2024	11/05/2023	01/06/2022	18/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	25/04/2023	27/05/2022	28/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	15/06/2026	French	PDF
Full model	31/12/2024	30/05/2025	25/06/2025	French	PDF
Full model	31/12/2023	31/05/2024	12/06/2024	French	PDF
Full model	31/12/2022	25/04/2023	11/05/2023	French	PDF
Full model	31/12/2021	27/05/2022	01/06/2022	French	PDF
Full model	31/12/2020	28/05/2021	18/06/2021	French	PDF
Full model	31/12/2019	29/05/2020	19/06/2020	French	PDF
Full model	31/12/2018	31/05/2019	20/06/2019	French	PDF
Full model	31/12/2017	25/05/2018	08/06/2018	French	PDF
Full model	31/12/2016	26/05/2017	16/06/2017	French	PDF
Full model	31/12/2015	27/05/2016	26/07/2016	French	PDF
Full model	31/12/2014	29/05/2015	30/06/2015	French	PDF
Full model	31/12/2013	30/05/2014	25/06/2014	French	PDF
Full model	31/12/2012	24/05/2013	26/06/2013	French	PDF
Full model	31/12/2011	25/05/2012	28/06/2012	French	PDF
Abridged model	31/12/2011	25/05/2012	31/05/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	13/09/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	07/06/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	16/06/2008	29/09/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	24/07/2007	French	PDF

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 · 21 ended

Active mandates

Armin ULRICH

Director · since 08 septembre 2023 · until 25 mai 2029

Active

Patrick GLOGGNER

Director · since 08 septembre 2023 · until 25 mai 2029

Active

PHD MANAGEMENT COMPANY

Managing director · since 08 septembre 2023 · until 25 mai 2029 · 0668.714.832

Represented by Philippe DELAHAYE

Active

Ended mandates

Patrick GLOGGNER

Director · since 01 janvier 2020 · until 30 mai 2025

Ended

Daniel VAN ZWOL

Director · since 25 mai 2018 · until 31 mai 2019

Ended

Armin ULRICH

Director · since 27 mars 2018 · until 30 mai 2025

Ended

PHD MANAGEMENT COMPANY

Managing director · since 01 juin 2017 · until 01 juin 2023 · 0668.714.832

Represented by Philippe DELAHAYE

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates26/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/09/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office23/07/2021
SIEGE SOCIAL
PDF
Mandates08/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates15/01/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates01/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2017
DEMISSIONS, NOMINATIONS
PDF

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

See the Business plan

Timeline

2025
Annual accounts 20251,3 M €↓
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022953,2 k €↓
2021
Annual accounts 20211,1 M €↑
2020
Annual accounts 2020224,8 k €↓
2019
Annual accounts 2019829,2 k €↓
2018
Annual accounts 2018923,7 k €↓
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 2016534,1 k €↑
2015
Annual accounts 201582 k €↑
2014
Annual accounts 201476,1 k €↓
2013
Annual accounts 2013206,9 k €↓
2012
Annual accounts 2012304,1 k €↑
2011
Annual accounts 201161,9 k €↓
2010
Annual accounts 2010199,3 k €↑
2009
Annual accounts 20096,9 k €↑
2008
Annual accounts 2008-957,3 k €↑
2007
Annual accounts 2007-2,4 M €↓
2006
Annual accounts 2006-120,8 k €
14/07/2005
IncorporationPublic limited company

BAKBEL EUROPE

Overview

Identity

Financials

Valuation

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

Timeline