BAF (0461.744.546): financials and annual accounts

BAF

Antwerp ·KBO/BCE: BE 0461.744.546

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	456,020	325,358	372,453	431,549	359,510	416,787	423,186	430,863	387,397	267,456	235,596	180,709	310,817	307,144	349,640	230,867	160,557	228,210	241,603	276,935
`21/28`	204,997	72,044	103,954	125,548	149,358	195,062	231,549	150,448	164,985	83,440	79,669	94,951	148,294	185,686	225,240	107,775	94,759	111,774	164,005	198,790
`21`	-	-	-	-	-	-	175	1,110	2,045	2,979	3,036	86	469	1,024	1,959	2,465	2,833	3,536	3,024	4,032
`22/27`	204,997	72,044	103,954	125,548	149,266	194,970	231,282	149,246	162,848	80,369	76,540	94,773	147,733	170,571	209,190	91,478	78,294	95,646	148,389	182,258
`22`	11,659	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`23`	66,861	53,041	12,997	16,869	17,098	27,674	21,827	33,666	40,143	25,352	13,006	16,275	29,664	15,607	18,722	17,817	23,448	27,299	49,910	74,701
`24`	24,173	-	-	-	0	237	474	711	948	117	234	1,770	2,837	4,256	5,810	521	990	2,596	4,331	7,432
`25`	34,103	0	65,142	78,171	91,199	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`26`	68,201	19,004	25,815	30,508	40,969	47,430	60,921	62,712	48,247	37,044	39,492	52,728	67,231	66,458	70,284	48,642	53,856	65,750	94,148	100,125
`28`	-	-	-	-	92	92	92	92	92	92	92	92	92	14,091	14,091	13,831	13,632	12,592	12,592	12,500
`29/58`	251,023	253,314	268,498	306,001	210,152	221,725	191,637	280,415	222,412	184,016	155,928	85,758	162,523	121,458	124,400	123,093	65,798	116,436	77,598	78,145
`3`	-	-	-	-	728	3,684	5,951	6,407	7,796	7,917	7,388	7,807	6,975	7,889	6,044	7,566	7,776	7,100	10,044	8,127
`30/36`	-	-	-	-	728	3,684	5,951	6,407	7,796	7,917	7,388	7,807	6,975	7,889	6,044	7,566	7,776	7,100	10,044	8,127
`40/41`	248,703	232,371	241,030	304,284	187,020	173,024	176,431	233,159	196,797	161,931	110,191	61,142	142,567	87,356	80,448	64,237	29,575	93,515	48,777	20,293
`40`	9,616	8,241	38,089	84,398	16,391	38,432	48,734	48,287	41,035	19,484	41,230	39,137	93,646	56,109	32,956	54,112	21,441	62,521	12,021	-
`41`	239,086	224,130	202,941	219,885	170,629	134,592	127,697	184,872	155,762	142,448	68,961	22,005	48,921	31,247	47,492	10,126	8,134	30,995	36,756	20,293
`54/58`	22	20,927	26,574	9	13,599	35,272	335	32,229	5,857	6,748	32,449	10,279	4,831	15,816	23,560	32,835	16,740	9,280	12,037	17,758
`490/1`	2,299	16	895	1,708	8,805	9,744	8,920	8,620	11,962	7,420	5,900	6,530	8,150	10,396	14,347	18,455	11,707	6,541	6,740	31,967
Balance sheet: equity and liabilities
`10/49`	456,020	325,358	372,453	431,549	359,510	416,787	423,186	430,863	387,397	267,456	235,596	180,709	310,817	307,144	349,640	230,867	160,557	228,210	241,603	276,935
`10/15`	242,529	303,086	292,647	258,828	103,294	160,727	135,993	185,490	128,963	110,101	77,979	51,367	97,184	126,663	108,759	108,602	50,204	42,755	113,158	104,100
`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`13`	223,937	284,494	274,055	240,236	121,030	142,135	121,030	166,898	110,370	91,509	59,387	32,775	78,592	108,071	90,166	90,010	31,612	24,163	94,566	85,508
`130/1`	-	0	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`1311`	-	0	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720	11,720
`133`	212,218	272,775	260,477	226,657	107,451	128,556	107,451	153,319	96,792	77,930	45,808	19,196	65,013	94,492	76,588	76,431	18,033	10,584	80,987	71,929
`14`	-	-	-	-	-36,328	-	-3,629	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	213,491	22,272	79,805	172,721	256,216	256,060	287,193	245,373	258,435	157,355	157,617	129,343	213,634	180,481	240,882	122,265	110,353	185,456	128,445	172,835
`17`	131,087	-	-	21,613	70,925	116,148	122,226	58,156	102,352	28,097	21,461	15,285	45,224	66,116	93,381	21,355	15,916	27,528	37,519	46,408
`170/4`	131,087	-	-	21,613	70,925	116,148	122,226	58,156	102,352	28,097	21,461	15,285	45,224	66,116	93,381	21,355	15,916	27,528	37,519	46,408
`42/48`	82,404	22,272	48,533	120,039	175,701	123,247	162,575	182,461	153,636	121,357	104,570	111,311	127,067	76,098	117,047	98,189	72,719	146,343	90,776	126,427
`42`	19,935	0	21,613	49,312	75,223	63,189	53,841	44,197	46,367	15,889	19,513	29,939	31,504	32,464	35,894	22,034	33,714	37,432	36,953	27,070
`43`	25,868	20,691	6,754	17,246	-	-	13,932	32,606	9,407	8,468	4,113	1,985	22,783	10,534	3,402	-	-	1,707	-	-
`430/8`	25,868	20,691	6,754	17,246	-	-	13,932	32,606	9,407	8,468	4,113	1,985	22,783	10,534	3,402	-	-	1,707	-	-
`44`	36,413	1,581	18,204	33,142	55,740	42,507	81,645	97,533	91,894	85,054	67,534	66,458	59,238	8,197	43,895	66,072	22,209	92,263	35,266	60,053
`440/4`	36,413	1,581	18,204	33,142	55,740	42,507	81,645	97,533	91,894	85,054	67,534	66,458	59,238	8,197	43,895	66,072	22,209	92,263	35,266	60,053
`46`	-	-	-	-	26,506	5,362	-	-	-	-	154	-	-	-	-	-	-	-	-	-
`45`	188	0	1,962	4,257	6,714	1,152	4,734	8,125	5,968	11,945	6,244	4,525	2,324	2,376	3,189	7,625	4,296	14,941	18,557	12,897
`450/3`	188	0	1,100	3,396	-	-	-	5,650	1,886	6,280	-	-	-	-	-	4,261	1,239	14,941	18,250	12,319
`454/9`	-	0	862	862	6,714	1,152	4,734	2,475	4,082	5,665	6,244	4,525	2,324	2,376	3,189	3,364	3,057	-	307	578
`47/48`	-	-	-	16,082	11,518	11,037	8,423	-	-	-	7,014	8,403	11,219	22,526	30,668	2,458	12,500	-	-	26,407
`492/3`	-	0	31,273	31,070	9,591	16,666	2,393	4,757	2,446	7,902	31,585	2,747	41,342	38,267	30,453	2,722	21,718	11,584	150	-
Income statement
`76A`	0	2,333	789	126,442	711	-	455	3,800	496	3	12,075	3,625	-	-	23,697	-	10,265	-	4,231	2,624
`9900`	-2,616	69,061	92,603	211,824	57,437	123,152	67,550	204,005	132,164	150,109	151,637	81,435	105,641	146,149	93,586	157,051	112,111	47,157	139,256	156,369
`62`	-	0	25	-572	37,779	15,335	29,074	40,564	28,433	48,329	53,869	33,026	17,188	18,115	40,197	48,207	48,267	38,303	57,594	55,994
`630`	43,045	23,525	24,022	23,785	52,719	54,277	63,665	51,678	49,730	29,676	53,771	56,150	59,316	56,389	57,606	33,608	45,154	61,725	62,296	63,592
`640/8`	689	12,908	17,747	15,306	11,486	11,463	8,458	8,298	8,115	8,166	8,751	9,660	9,054	4,713	1,713	4,494	3,553	3,576	3,096	5,133
`66A`	-	-	-	-	-	-	-	-	2,620	-	550	-	13,824	760	1,628	-	1,351	2,155	-	-
`9901`	-46,350	32,628	50,809	173,304	-44,547	42,077	-33,646	103,465	43,266	63,937	35,246	-17,401	20,083	66,931	-5,930	70,742	15,136	-56,446	16,270	31,650
`75/76B`	5,523	5,199	9,687	2,788	2,975	2,116	2,276	2,720	4,132	2,701	838	433	257	406	686	643	1,359	2,800	27	1
`75`	5,523	5,199	9,687	2,788	2,975	2,116	2,276	2,720	4,132	2,701	838	433	257	406	686	643	1,359	2,800	27	1
`65/66B`	19,541	22,387	13,452	15,003	15,862	20,618	18,127	18,052	17,805	18,236	20,997	32,474	35,996	37,491	15,553	9,270	17,959	12,153	8,922	11,401
`65`	19,541	22,387	13,452	15,003	15,862	20,618	18,127	18,052	17,805	18,236	20,997	32,474	35,996	37,491	15,553	9,270	17,959	12,153	8,922	11,401
`9903`	-60,369	15,440	47,044	161,089	-57,433	23,575	-49,497	88,133	29,592	48,402	26,612	-45,817	-29,479	29,087	1,271	62,116	7,450	-67,955	11,606	22,874
`67/77`	188	5,001	13,224	5,555	-	-	-	31,605	10,731	16,280	-	-	-	11,182	1,114	3,718	-	2,448	2,548	6,990
`9904`	-60,557	10,439	33,819	155,534	-57,433	23,575	-49,497	56,527	18,861	32,122	26,612	-45,817	-29,479	17,904	157	58,398	7,450	-70,403	9,058	15,884
`9905`	-60,557	10,439	33,819	155,534	-57,433	23,575	-49,497	56,527	18,861	32,122	26,612	-45,817	-29,479	17,904	157	58,398	7,450	-70,403	9,058	15,884
Appropriation of the result
`9906`	-60,557	10,439	33,819	119,206	-57,433	21,105	-49,497	56,527	18,861	32,122	26,612	-45,817	-29,479	17,904	157	58,398	7,450	-70,403	9,058	15,884
`14P`	-	-	-	-36,328	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	60,557	-	-	-	21,105	-	45,868	-	-	-	-	45,817	29,479	-	-	-	-	70,403	-	-
`691/2`	0	10,439	33,819	119,206	-	21,105	-	56,527	18,861	32,122	26,612	-	-	17,904	157	58,398	7,450	-	9,058	15,884
`6921`	0	10,439	33,819	119,206	-	21,105	-	56,527	18,861	32,122	26,612	-	-	17,904	157	58,398	7,450	-	9,058	15,884
Social balance sheet
`9087`	0	0	-	0.5	1.3	0.6	0.6	1.5	1	1.2	1.3	0.8	0.5	0.5	1	1.2	1	1.8	1.8	1.8
Hours worked`1013`	-	-	-	-	1,808	517	1,037	2,371	1,575	2,078	2,302	1,469	832	826	1,815	2,026	1,661	3,100	2,890	3,009
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00484525	PDF
31-12-2024	abbreviated format	30-08-2025	2025-00474508	PDF
31-12-2023	abbreviated format	01-07-2024	2024-00185436	PDF
31-12-2022	abbreviated format	21-06-2023	2023-00141948	PDF
31-12-2021	abbreviated format	16-08-2022	2022-20289225	PDF
31-12-2020	abbreviated format	31-08-2021	2021-58300401	PDF
31-12-2019	abbreviated format	20-10-2020	2020-61900400	PDF
31-12-2018	abbreviated format	16-08-2019	2019-46200007	PDF
31-12-2017	abbreviated format	29-06-2018	2018-25400002	PDF
31-12-2016	micro format	18-08-2017	2017-44800570	PDF
31-12-2015	abbreviated format	15-07-2016	2016-32100600	PDF
31-12-2014	abbreviated format	30-06-2015	2015-24400381	PDF
31-12-2013	abbreviated format	26-06-2014	2014-22300578	PDF
31-12-2012	abbreviated format	20-06-2013	2013-20100195	PDF
31-12-2011	abbreviated format	28-06-2012	2012-22900303	PDF
31-12-2010	abbreviated format	28-06-2011	2011-22100460	PDF
31-12-2009	abbreviated format	14-07-2010	2010-29900601	PDF
31-12-2008	abbreviated format	28-07-2009	2009-48400059	PDF
31-12-2007	abbreviated format	20-08-2008	2008-58700095	PDF
31-12-2006	abbreviated format	24-08-2007	2007-61700121	PDF
31-12-2005	abbreviated format	31-08-2006	2006-75601814	PDF
31-12-2004	abbreviated format	29-07-2005	2005-60404257	PDF
31-12-2003	abbreviated format	06-10-2004	2004-71401611	PDF
31-12-2002	abbreviated format	31-10-2003	2003-77205233	PDF
31-12-2001	abbreviated format	21-03-2003	2003-07700081	PDF
31-12-2000	abbreviated format	21-03-2003	2003-07700080	PDF
31-12-1999	abbreviated format	21-03-2003	2003-07700079	PDF
31-12-1998	abbreviated format	05-07-1999	1999-27900001	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
-3,305	56,153	74,831	197,089	8,172	96,354	30,018	155,143	92,995	93,613	89,017	38,749	79,399	123,321	51,675	104,350	60,290	5,279	78,566	95,242
-17,512	33,964	57,842	179,319	-4,714	77,853	14,168	108,205	68,591	61,798	80,383	10,333	29,836	74,294	57,762	92,005	52,604	-8,678	71,354	79,476
175,998	-8,385	2,429	16,829	8,989	17,790	144,766	37,141	142,845	33,448	48,067	2,807	35,923	16,835	178,753	46,623	33,833	9,494	29,891	40,151
-20,905	-5,647	26,565	-13,590	-21,674	34,938	-31,894	26,372	-891	-25,701	22,170	5,448	-10,985	-7,744	-9,275	16,095	7,460	-2,757	-5,721	-
168,619	231,042	219,965	185,963	34,452	98,478	29,062	97,954	68,776	62,660	51,357	-25,552	35,456	45,360	7,353	24,904	-6,921	-29,907	-13,178	-48,282
53.2%	93.2%	78.6%	60.0%	28.7%	38.6%	32.1%	43.1%	33.3%	41.2%	33.1%	28.4%	31.3%	41.2%	31.1%	47.0%	31.3%	18.7%	46.8%	37.6%
3.05	11.37	5.53	2.55	1.20	1.80	1.18	1.54	1.45	1.52	1.49	0.77	1.28	1.60	1.06	1.25	0.90	0.80	0.85	0.62
3.05	11.37	5.53	2.55	1.19	1.77	1.14	1.50	1.40	1.45	1.42	0.70	1.22	1.49	1.01	1.18	0.80	0.75	0.74	0.55
0.88	0.07	0.27	0.67	2.48	1.59	2.11	1.32	2.00	1.43	2.02	2.52	2.20	1.42	2.21	1.13	2.20	4.34	1.14	1.66
-25.0%	3.4%	11.6%	60.1%	-55.6%	14.7%	-36.4%	30.5%	14.6%	29.2%	34.1%	-89.2%	-30.3%	14.1%	0.1%	53.8%	14.8%	-164.7%	8.0%	15.3%
-13.3%	3.2%	9.1%	36.0%	-16.0%	5.7%	-11.7%	13.1%	4.9%	12.0%	11.3%	-25.4%	-9.5%	5.8%	0.0%	25.3%	4.6%	-30.9%	3.7%	5.7%
-0.17	2.51	5.56	13.14	0.52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2022	31-12-2021
Employees at the balance-sheet date	1	4
full-time	-	1
part-time	1	3
in full-time equivalents	0.5	2.2
	0.5	1.3
On a permanent contract	1	4
Joined	0	9
Left	4	6

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€175,998	-	€2,429	€16,829	€8,989
	€43,045	€23,525	€24,022	€23,785	€52,719

BAF

Annual accounts 2025

Balance sheet

in euro

in euro

Position in the sector

53.2%

3.05

-13.3%

Staff

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023, 1 entry, €297 awarded, €297 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on BAF

Next steps

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency53.2%

Current ratio3.05

Return on assets-13.3%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2023, 1 entry, €297 awarded, €297 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on BAF

Next steps

in euro

in euro

53.2%

3.05

-13.3%