ACTIVE

PIA DE BAETS

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Financial year 2025 · closed on 31/12/2025

Net result

97,7 k €

+8.8% YoY

Gross margin

117,1 k €

+40.7% YoY

Equity

2,4 M €

-14.4% YoY

What does PIA DE BAETS do?

PIA DE BAETS is a Private limited company incorporated in 2007. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.105.751

Incorporation

15/06/2007

Legal form

Private limited company

Registered office

Daverlostraat 164
8310 Brugge · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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		2009		2008
Income statement
Gross margin	117,1 k €	+40.7%	83,3 k €	-64.7%	235,7 k €	+103%	116 k €	-18.2%	141,7 k €	-2.1%	144,7 k €	-0.9%	146,1 k €	-13.0%	168 k €	+26.4%	132,9 k €	+7.2%	123,9 k €	+12.7%	110 k €	-15.7%	130,4 k €	+75.6%	74,3 k €	+18.6%	62,6 k €	-67.2%	190,9 k €	+58.2%	120,6 k €	+90.1%	63,5 k €	+25.5%	50,6 k €
EBITDA	113,9 k €	+42.3%	80,1 k €	-65.3%	230,5 k €	+104%	113,1 k €	-17.4%	136,9 k €	-0.8%	138,1 k €	-3.8%	143,6 k €	-13.8%	166,6 k €	+27.1%	131,1 k €	+11.8%	117,3 k €	+7.8%	108,8 k €	-15.1%	128,2 k €	+80.2%	71,1 k €	+16.7%	61 k €	-67.0%	184,8 k €	+59.7%	115,8 k €	+308%	28,4 k €	-41.7%	48,7 k €
Operating result	95,5 k €	+10.0%	86,8 k €	-53.0%	184,9 k €	+148%	74,5 k €	-28.7%	104,4 k €	-6.9%	112,1 k €	-8.2%	122,2 k €	-15.9%	145,3 k €	+30.8%	111 k €	+14.8%	96,7 k €	+18.9%	81,3 k €	-13.3%	93,8 k €	+146%	38,1 k €	+27.9%	29,8 k €	-80.6%	153,9 k €	+66.9%	92,2 k €	+494%	15,5 k €	-60.8%	39,6 k €
Net result	97,7 k €	+8.8%	89,7 k €	-96.0%	2,2 M €	+1280%	161,1 k €	-19.7%	200,6 k €	+37.6%	145,7 k €	+20.0%	121,5 k €	+64.7%	73,8 k €	+47.9%	49,9 k €	+11.5%	44,7 k €	+33.7%	33,5 k €	-23.6%	43,8 k €	+362%	9,5 k €	+0.2%	9,5 k €	-92.2%	121,6 k €	+136%	51,6 k €	+908%	5,1 k €	-77.5%	22,7 k €
Balance sheet
Equity	2,4 M €	-14.4%	2,8 M €	-3.6%	2,9 M €	+238%	872,9 k €	+22.6%	711,8 k €	+13.5%	627 k €	+22.3%	512,8 k €	+31.0%	391,3 k €	+23.2%	317,5 k €	+18.6%	267,6 k €	+20.1%	222,9 k €	+17.7%	189,4 k €	+19.5%	158,5 k €	+6.4%	149,1 k €	+6.8%	139,6 k €	+42.4%	98 k €	+111%	46,4 k €	+12.4%	41,3 k €
Total assets	2,5 M €	-21.3%	3,1 M €	-5.0%	3,3 M €	+223%	1 M €	-15.0%	1,2 M €	+17.1%	1 M €	+4.8%	973,8 k €	-3.0%	1 M €	+2.5%	979,7 k €	-1.6%	996,1 k €	-1.4%	1 M €	-0.3%	1 M €	-4.9%	1,1 M €	+54.7%	688,5 k €	-6.3%	734,8 k €	+31.9%	557,2 k €	+81.8%	306,5 k €	+59.7%	191,9 k €
Cash	495,9 k €	+41.6%	350,2 k €	-71.9%	1,2 M €	+974%	116 k €	-48.4%	225 k €	+1644%	12,9 k €	-53.8%	27,9 k €	-29.1%	39,3 k €	+184%	13,8 k €	+23.3%	11,2 k €	-48.2%	21,6 k €	-5.3%	22,9 k €	-15.3%	27 k €	+10.0%	24,5 k €	-59.6%	60,7 k €	+17.2%	51,8 k €	+428%	9,8 k €	-12.0%	11,2 k €
Debts	19,1 k €	-93.0%	274,4 k €	-6.8%	294,4 k €	+186%	102,8 k €	-75.5%	419,5 k €	+20.2%	348,9 k €	-17.1%	421 k €	-26.2%	570,2 k €	-7.5%	616,3 k €	-9.8%	682,9 k €	-8.6%	747,1 k €	-4.6%	783,5 k €	-9.6%	866,8 k €	+73.7%	499,1 k €	-10.0%	554,4 k €	+31.3%	422,2 k €	+86.5%	226,4 k €	+50.3%	150,6 k €

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

Pia DE BAETS

Director · since 24 mars 2021

Active

Ended mandates

PIA DE BAETS

Director

Ended

PIA DE BAETS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
JAN DEMEY● Active	0474.974.752
JUSIMAR● Active	0749.746.949

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	18 months	12 months	12 months	12 months
Filing date	27/08/2026	27/08/2025	30/08/2024	30/01/2023	31/01/2022	01/02/2021
General meeting	27/08/2026	27/08/2025	28/08/2024	30/12/2022	31/12/2021	21/01/2021
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
Abridged model	31/12/2025	27/08/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	27/08/2025	27/08/2025	Dutch	PDF
Micro model	31/12/2023	28/08/2024	30/08/2024	Dutch	PDF
Micro model	30/06/2022	30/12/2022	30/01/2023	Dutch	PDF
Micro model	30/06/2021	31/12/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	21/01/2021	01/02/2021	Dutch	PDF
Micro model	30/06/2019	27/09/2019	30/01/2020	Dutch	PDF
Micro model	30/06/2018	28/09/2018	28/12/2018	Dutch	PDF
Micro model	30/06/2017	29/09/2017	27/11/2017	Dutch	PDF
Abridged model	30/06/2016	30/09/2016	25/11/2016	Dutch	PDF
Abridged model	30/06/2015	25/09/2015	16/12/2015	Dutch	PDF
Abridged model	30/06/2014	30/12/2014	26/02/2015	Dutch	PDF
Abridged model	30/06/2013	31/10/2013	10/12/2013	Dutch	PDF
Abridged model	30/06/2012	31/10/2012	19/12/2012	Dutch	PDF
Abridged model	30/06/2011	31/10/2011	23/12/2011	Dutch	PDF
Abridged model	30/06/2010	30/11/2010	09/12/2010	Dutch	PDF
Abridged model	30/06/2009	30/12/2009	26/02/2010	Dutch	PDF
Abridged model	30/06/2008	26/09/2008	17/02/2009	Dutch	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

Pia DE BAETS

Director · since 24 mars 2021

Active

Ended mandates

PIA DE BAETS

Director

Ended

PIA DE BAETS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other03/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Other22/09/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares18/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other13/11/2007
DIVERSEN
PDF
Other29/06/2007
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 202597,7 k €↑
2024
Annual accounts 202489,7 k €↓
2023
Annual accounts 20232,2 M €↑
2022
Annual accounts 2022161,1 k €↓
2021
Annual accounts 2021200,6 k €↑
2020
Annual accounts 2020145,7 k €↑
2019
Annual accounts 2019121,5 k €↑
2018
Annual accounts 201873,8 k €↑
2017
Annual accounts 201749,9 k €↑
2016
Annual accounts 201644,7 k €↑
2015
Annual accounts 201533,5 k €↓
2014
Annual accounts 201443,8 k €↑
2013
Annual accounts 20139,5 k €↑
2012
Annual accounts 20129,5 k €↓
2011
Annual accounts 2011121,6 k €↑
2010
Annual accounts 201051,6 k €↑
2009
Annual accounts 20095,1 k €↓
2008
Annual accounts 200822,7 k €
15/06/2007
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

PIA DE BAETS

Overview

What does PIA DE BAETS 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