ACTIVE

Baro Projects

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Financial year 2025 · closed on 31/12/2025

Net result

34,6 k €

-32.1% YoY

Revenue

2 M €

Equity

177,4 M €

+473.7% YoY

Workforce

1,6 ETP

0.0% YoY

What does Baro Projects do?

Baro Projects is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Assenede. It employs on average 1,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.695.185

Incorporation

04/01/2006

Legal form

Private limited company

Registered office

Abdijstraat 40
9968 Assenede · FlandreSee on map

Contributed capital

100 018 550,00 €

Latest accounts

31/12/2025

Average workforce

1,6 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68310Real estate agencies 68311Real estate agencies+7

Joint committees (5)

200
20000
218
323
32300

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	2 M €		–		–		–		–		466,1 k €	-6.1%	496,2 k €	+95.4%	254 k €	-0.5%	255,2 k €	+1.0%	252,7 k €	-70.8%	864,7 k €	+226%	265,5 k €	-19.8%	330,9 k €	+91.2%	173,1 k €	+14.9%	150,6 k €		–		–		212,2 k €
EBITDA	-606,6 k €	+28.8%	-852,2 k €	-116%	-395,2 k €	-58.6%	-249,2 k €	-160%	412,2 k €	+28.1%	321,8 k €	-1.3%	325,9 k €	+61.9%	201,3 k €	-56.5%	462,9 k €	+67.9%	275,8 k €	+96.6%	140,2 k €	+104%	68,9 k €	-52.3%	144,5 k €	+165%	54,6 k €	-29.9%	77,9 k €	-7.1%	83,8 k €	-47.0%	158,2 k €	+71.2%	92,4 k €
Operating result	-749,4 k €	+26.2%	-1 M €	-88.0%	-540 k €	-71.9%	-314,1 k €	-214%	275,4 k €	+178%	99,1 k €	-59.7%	245,9 k €	+130%	107 k €	-70.5%	363,3 k €	+85.9%	195,4 k €	+235%	58,3 k €	+108%	28,1 k €	-74.8%	111,4 k €	+591%	16,1 k €	-20.7%	20,4 k €	-6.7%	21,8 k €	-76.4%	92,6 k €	+313%	22,4 k €
Net result	34,6 k €	-32.1%	50,9 k €	-19.2%	63 k €	+122%	-289,7 k €	-194%	307,4 k €	+1534%	18,8 k €	-86.9%	143,2 k €	+763%	16,6 k €	-92.6%	224,7 k €	+120%	101,9 k €	+101%	50,8 k €	+313%	-23,9 k €	-131%	76,3 k €	+8579%	878,8 €	-75.6%	3,6 k €	-33.3%	5,4 k €	-90.0%	53,9 k €	+2736%	1,9 k €
Balance sheet
Equity	177,4 M €	+474%	30,9 M €	+0.2%	30,9 M €	+3712%	809,8 k €	-26.4%	1,1 M €	+56.5%	703,3 k €	+2.5%	685,9 k €	+26.1%	544 k €	+2.9%	528,8 k €	+72.9%	305,8 k €	+47.5%	207,3 k €	+30.3%	159,1 k €	-15.1%	187,3 k €	+61.8%	115,7 k €	-11.5%	130,7 k €	-1.0%	132,1 k €	-2.9%	136,1 k €	+56.4%	87 k €
Total assets	198,8 M €	+304%	49,2 M €	-3.2%	50,8 M €	+143%	20,9 M €	+156%	8,2 M €	+78.9%	4,6 M €	+3.1%	4,4 M €	+70.4%	2,6 M €	-2.2%	2,7 M €	+20.7%	2,2 M €	+7.7%	2 M €	-25.5%	2,7 M €	+96.8%	1,4 M €	-1.0%	1,4 M €	+128%	616,7 k €	-8.9%	677,1 k €	-2.8%	696,6 k €	+13.2%	615,2 k €
Cash	481,9 k €	+2453%	18,9 k €	-94.2%	327,2 k €	+63.5%	200,2 k €	+35.7%	147,5 k €	+2626%	5,4 k €	-89.5%	51,4 k €	+431%	9,7 k €	-80.6%	49,9 k €	+40.5%	35,5 k €	+264%	9,8 k €	+691%	1,2 k €	+330%	286,8 €	+270%	77,6 €	-98.6%	5,7 k €	+10894%	51,8 €	-99.3%	7,7 k €	+30.2%	5,9 k €
Debts	21,4 M €	+16.9%	18,3 M €	-8.3%	19,9 M €	-0.8%	20,1 M €	+184%	7,1 M €	+82.9%	3,9 M €	+4.4%	3,7 M €	+80.3%	2,1 M €	-3.4%	2,1 M €	+12.1%	1,9 M €	+3.2%	1,8 M €	-28.3%	2,6 M €	+112%	1,2 M €	-6.5%	1,3 M €	+172%	473,5 k €	-13.0%	544,2 k €	-2.9%	560,5 k €	+6.1%	528,2 k €
Other
Workforce	1,6 ETP	0.0%	1,6 ETP	-20.0%	2,0 ETP	-13.0%	2,3 ETP	+130%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		1,0 ETP	+42.9%	0,7 ETP		–		1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Samuel Baro

Director

Active

Ended mandates

Samuel Baro

Manager · since 04 janvier 2006

Ended

Samuel Baro

Administrator - manager

Ended

Samuel Baro

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	30/09/2025	07/10/2024	09/10/2023	31/08/2022	31/08/2021
General meeting	28/08/2026	23/09/2025	02/10/2024	06/10/2023	25/08/2022	30/08/2021
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
Full model	31/12/2025	28/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	23/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	02/10/2024	07/10/2024	Dutch	PDF
Abridged model	31/12/2022	06/10/2023	09/10/2023	Dutch	PDF
Abridged model	31/12/2021	25/08/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/08/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	06/04/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	07/04/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	01/04/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	02/04/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	04/04/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/08/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/08/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/08/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/04/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/04/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/04/2007	07/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 3 ended

Active mandates

Samuel Baro

Director

Active

Ended mandates

Samuel Baro

Manager · since 04 janvier 2006

Ended

Samuel Baro

Administrator - manager

Ended

Samuel Baro

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares07/01/2026
KAPITAAL - AANDELEN
PDF
Mandates17/07/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office21/08/2014
MAATSCHAPPELIJKE ZETEL
PDF
Registered office17/06/2010
ZETELVERPLAATSING
PDF
Other22/12/2006
QUASI-INBRENG
PDF
Other26/01/2006
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 202534,6 k €↓
2024
Annual accounts 202450,9 k €↓
2023
Annual accounts 202363 k €↑
2022
Annual accounts 2022-289,7 k €↓
2021
Annual accounts 2021307,4 k €↑
2019
Annual accounts 201918,8 k €↓
2018
Annual accounts 2018143,2 k €↑
2017
Annual accounts 201716,6 k €↓
2016
Annual accounts 2016224,7 k €↑
2015
Annual accounts 2015101,9 k €↑
2014
Annual accounts 201450,8 k €↑
2013
Annual accounts 2013-23,9 k €↓
2012
Annual accounts 201276,3 k €↑
2011
Annual accounts 2011878,8 €↓
2010
Annual accounts 20103,6 k €↓
2009
Annual accounts 20095,4 k €↓
2008
Annual accounts 200853,9 k €↑
2007
Annual accounts 20071,9 k €
04/01/2006
IncorporationPrivate 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

Baro Projects

Overview

What does Baro Projects do?

Trend over 18 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