ACTIVE

BAWAB

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Financial year 2025 · closed on 31/12/2025

Net result

143 k €

+298.5% YoY

Gross margin

236,7 k €

+197.4% YoY

Equity

305,8 k €

+87.8% YoY

What does BAWAB do?

BAWAB is a Private limited company incorporated in 2006. Its main activity is: Dental practice activities. Its registered office is in Vilvoorde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.563.280

Incorporation

11/12/2006

Legal form

Private limited company

Registered office

Romeinsesteenweg 283
1800 Vilvoorde · FlandreSee on map

Contributed capital

12 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

86230Dental practice activities· main

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008		2007
Income statement
Gross margin	236,7 k €	+197%	79,6 k €	+63.6%	48,7 k €	-1.4%	49,4 k €	-36.1%	77,2 k €	+4.6%	73,8 k €	+9.9%	67,2 k €	-1.3%	68,1 k €	-24.0%	89,7 k €	+15.4%	77,7 k €	-16.8%	93,4 k €	+10.6%	84,5 k €	+11.7%	75,6 k €	+1.9%	74,2 k €	+36.9%	54,2 k €	+14.1%	47,5 k €	+15.9%	41 k €	+88.6%	21,7 k €
EBITDA	234,1 k €	+220%	73,1 k €	+235%	21,8 k €	-8.1%	23,8 k €	-59.1%	58,1 k €	-2.8%	59,8 k €	+25.2%	47,8 k €	-7.0%	51,4 k €	-30.3%	73,7 k €	+20.7%	61,1 k €	-20.9%	77,2 k €	+21.5%	63,5 k €	+3.2%	61,5 k €	+3.1%	59,7 k €	+23.8%	48,2 k €	+3.4%	46,6 k €	+18.3%	39,4 k €	+85.1%	21,3 k €
Operating result	206,1 k €	+301%	51,4 k €	+5140%	-1 k €	-151%	2 k €	-85.1%	13,4 k €	+20.1%	11,1 k €	+1895%	-620,5 €	-114%	4,4 k €	-84.5%	28,3 k €	+80.6%	15,7 k €	-50.7%	31,8 k €	+54.8%	20,5 k €	+3.9%	19,8 k €	-22.5%	25,5 k €	+53.1%	16,7 k €	-21.3%	21,2 k €	-8.3%	23,1 k €	+367%	4,9 k €
Net result	143 k €	+299%	35,9 k €	+1525%	-2,5 k €	-255%	-709,1 €	-108%	8,9 k €	+35.4%	6,6 k €	+274%	-3,8 k €	-288%	2 k €	-89.7%	19,7 k €	+217%	6,2 k €	-70.9%	21,3 k €	+136%	9 k €	+42.0%	6,4 k €	-63.5%	17,4 k €	+3001%	-600,3 €	-132%	1,9 k €	-68.9%	6,1 k €	+253%	-4 k €
Balance sheet
Equity	305,8 k €	+87.8%	162,8 k €	+28.3%	126,9 k €	-1.9%	129,4 k €	-0.5%	130,1 k €	+7.4%	121,2 k €	+5.8%	114,6 k €	-3.2%	118,4 k €	+1.7%	116,4 k €	+20.3%	96,7 k €	+6.9%	90,5 k €	+30.8%	69,2 k €	+15.0%	60,1 k €	+11.8%	53,8 k €	+47.9%	36,4 k €	-1.6%	37 k €	+153%	14,6 k €	+71.2%	8,5 k €
Total assets	368,6 k €	+92.3%	191,7 k €	+24.4%	154 k €	-11.4%	173,9 k €	-9.4%	191,9 k €	-13.6%	222 k €	-6.4%	237,3 k €	-13.1%	273,1 k €	-7.7%	296 k €	-9.6%	327,3 k €	-12.2%	372,6 k €	-3.2%	385 k €	-3.3%	397,9 k €	+9.7%	362,8 k €	+1.7%	356,7 k €	-0.2%	357,3 k €	+11.3%	321,1 k €	+5.1%	305,4 k €
Cash	274,2 k €	+161%	105,2 k €	+62.7%	64,7 k €	-23.3%	84,3 k €	-11.4%	95,1 k €	-0.4%	95,5 k €	+62.1%	58,9 k €	-1.0%	59,5 k €	+21.1%	49,1 k €	+36.7%	35,9 k €	0.0%	35,9 k €	+23.2%	29,2 k €	-8.5%	31,9 k €	-1.3%	32,3 k €	+44.6%	22,3 k €	-31.5%	32,6 k €	-25.6%	43,8 k €	+282%	11,5 k €
Debts	62,8 k €	+118%	28,9 k €	+6.4%	27,1 k €	-39.0%	44,5 k €	-28.0%	61,8 k €	-38.8%	100,9 k €	-17.8%	122,7 k €	-16.6%	147,2 k €	-17.0%	177,3 k €	-23.1%	230,5 k €	-18.3%	282,1 k €	-10.7%	315,8 k €	-6.5%	337,8 k €	+9.3%	309 k €	-2.4%	316,5 k €	+0.1%	316,1 k €	+4.6%	302,3 k €	+1.8%	296,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP		–		–

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

Aref EL BAWAB

Director

Active

Ended mandates

Aref BAWAB

Manager · since 11 décembre 2006 · until 31 mai 2013

Ended

Aref EL BAWAB

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	20/08/2026	27/08/2025	18/08/2024	16/08/2023	19/08/2022	26/08/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

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

Aref EL BAWAB

Director

Active

Ended mandates

Aref BAWAB

Manager · since 11 décembre 2006 · until 31 mai 2013

Ended

Aref EL BAWAB

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office07/01/2013
SIEGE SOCIAL
PDF
Other19/12/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025143 k €↑
2024
Annual accounts 202435,9 k €↑
2023
Annual accounts 2023-2,5 k €↓
2022
Annual accounts 2022-709,1 €↓
2021
Annual accounts 20218,9 k €↑
2020
Annual accounts 20206,6 k €↑
2019
Annual accounts 2019-3,8 k €↓
2018
Annual accounts 20182 k €↓
2017
Annual accounts 201719,7 k €↑
2016
Annual accounts 20166,2 k €↓
2015
Annual accounts 201521,3 k €↑
2014
Annual accounts 20149 k €↑
2013
Annual accounts 20136,4 k €↓
2012
Annual accounts 201217,4 k €↑
2011
Annual accounts 2011-600,3 €↓
2010
Annual accounts 20101,9 k €↓
2008
Annual accounts 20086,1 k €↑
2007
Annual accounts 2007-4 k €
11/12/2006
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

BAWAB

Overview

What does BAWAB do?

Trend over 18 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