BAKER (0864.474.292): financials and annual accounts

BAKER

Bruges ·KBO/BCE: BE 0864.474.292

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	560,715	588,820	207,442	169,213	129,650	117,796	100,593	124,557	183,064	179,882	206,770	208,911	197,794	229,390	223,393	190,894	176,947	157,279	165,155	164,727
Fixed assets`21/28`	519,876	537,471	40,250	44,104	8,414	14,225	20,035	27,793	11,455	17,227	29,959	14,373	28,756	45,820	29,222	40,926	40,790	44,474	65,702	84,617
Tangible fixed assets`22/27`	519,876	537,471	40,250	44,104	8,414	14,225	20,035	27,793	11,455	17,227	29,959	14,373	28,756	45,820	29,222	40,926	40,790	44,474	65,702	84,617
Land and buildings`22`	460,000	474,000	38,000	41,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	1,542	1,896	2,250	2,604	8,414	14,225	20,035	25,621	7,111	10,711	15,651	3,133	11,896	23,341	29,222	40,926	40,790	40,310	57,374	72,125
Furniture and vehicles`24`	-	-	-	-	-	-	-	2,172	4,344	6,516	14,308	11,240	16,860	22,479	-	-	-	4,164	8,328	12,492
Other tangible fixed assets`26`	58,334	61,575	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	40,839	51,349	167,192	125,109	121,236	103,571	80,558	96,764	171,609	162,655	176,811	194,538	169,038	183,570	194,171	149,968	136,157	112,805	99,453	80,110
Stocks and contracts in progress`3`	-	-	-	-	-	24,137	23,299	31,358	22,349	26,234	26,569	25,557	24,819	32,660	25,570	29,033	23,671	19,495	21,235	16,740
Stocks`30/36`	-	-	-	-	-	24,137	23,299	31,358	22,349	26,234	26,569	25,557	24,819	32,660	25,570	29,033	23,671	19,495	21,235	16,740
Amounts receivable within one year`40/41`	7,080	14,609	60,765	14,640	15,003	39,743	28,768	33,390	31,199	17,281	32,422	38,500	28,994	40,508	64,000	21,000	12,500	12,500	17,417	5,000
Trade receivables`40`	-	1,729	8,385	7,260	7,623	15,675	-	-	-	-	-	-	-	-	34,000	-	-	-	-	-
Other amounts receivable`41`	7,080	12,880	52,380	7,380	7,380	24,068	28,768	33,390	31,199	17,281	32,422	38,500	28,994	40,508	30,000	21,000	12,500	12,500	17,417	5,000
Current investments`50/53`	-	-	-	-	-	-	-	-	28,195	28,167	48,136	40,052	39,885	25,473	25,184	22,529	22,529	27,108	21,056	16,055
Cash at bank and in hand`54/58`	33,759	36,740	106,427	110,469	106,233	39,691	28,491	32,016	83,224	90,973	69,684	87,614	75,340	84,018	74,863	77,406	77,457	53,702	39,745	42,315
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	6,642	-	-	2,815	-	911	4,554	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	560,715	588,820	207,442	169,213	129,650	117,796	100,593	124,557	183,064	179,882	206,770	208,911	197,794	229,390	223,393	190,894	176,947	157,279	165,155	164,727
Equity`10/15`	168,069	172,966	192,733	167,136	118,576	115,872	96,794	119,920	139,414	147,789	170,136	165,253	158,227	189,287	172,864	131,563	74,080	65,162	35,529	34,111
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Capital`10`	-	-	-	18,600	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Reserves`13`	151,860	151,860	151,860	151,860	151,860	151,860	151,860	151,860	151,860	151,860	151,860	151,860	151,860	151,860	151,860	111,860	44,860	44,860	14,860	14,860
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	150,000	110,000	43,000	43,000	13,000	13,000
Profit (loss) carried forward`14`	-2,391	2,506	22,273	-3,324	-51,884	-54,588	-73,666	-50,540	-31,046	-22,671	-324	-5,207	-12,233	18,827	2,404	1,103	10,620	1,702	2,069	651
Amounts payable`17/49`	392,646	415,854	14,709	2,077	11,074	1,924	3,799	4,637	43,650	32,093	36,634	43,658	39,567	40,103	50,529	59,331	102,867	92,117	129,626	130,616
Amounts payable after more than one year`17`	330,000	350,000	-	-	-	-	-	-	-	-	-	-	-	-	5,000	10,000	20,000	25,000	40,000	53,000
Financial debts`170/4`	330,000	350,000	-	-	-	-	-	-	-	-	-	-	-	-	5,000	10,000	20,000	25,000	40,000	53,000
Amounts payable within one year`42/48`	62,646	65,854	14,709	2,077	11,074	1,924	3,799	4,637	43,650	32,093	36,634	43,658	39,567	40,103	45,529	49,331	82,867	67,117	89,626	77,616
Current portion of amounts payable after more than one year`42`	23,526	24,594	-	-	-	-	-	-	-	-	-	-	1,127	5,495	4,642	10,476	20,239	13,219	12,827	16,733
Trade debts`44`	8,040	12,809	8,389	70	10,873	1,694	3,312	4,637	4,079	13,414	18,490	15,897	7,066	5,268	4,460	2,129	14,232	11,713	34,574	22,182
Suppliers`440/4`	8,040	12,809	8,389	70	10,873	1,694	3,312	4,637	4,079	13,414	18,490	15,897	7,066	5,268	4,460	2,129	14,232	11,713	34,574	22,182
Taxes, remuneration and social security`45`	5,913	3,284	2,492	2,007	201	230	487	-	-	535	-	4,617	3,230	1,196	8,283	8,582	19,752	13,541	23,581	19,508
Taxes`450/3`	5,913	3,284	2,492	2,007	201	230	487	-	-	535	-	3,835	-	-	8,074	8,582	14,918	13,541	23,581	19,508
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	782	3,230	1,196	209	-	4,834	-	-	-
Other amounts payable`47/48`	25,167	25,167	3,828	-	-	-	-	-	39,571	18,144	18,144	23,144	28,144	28,144	28,144	28,144	28,644	28,644	18,644	19,193
Income statement
Turnover`70`	-	-	-	-	-	-	331,850	376,742	427,683	474,115	546,921	544,523	522,946	515,835	526,954	613,377	534,367	576,565	562,276	551,899
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,421	-	-	-	-	-
Gross operating margin`9900`	22,735	30,204	21,220	56,479	-17,436	11,494	63,366	69,983	161,259	193,579	256,047	263,820	188,972	224,230	239,993	287,390	210,920	233,322	220,647	204,955
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	268,484	306,759	266,424	280,536	290,874	280,703	333,974	291,605	286,961	325,987	323,447	343,243	341,629	346,944
Remuneration, social security and pensions`62`	-	-	-	-	-	17,092	76,709	76,749	161,603	198,810	242,314	230,133	187,108	175,290	190,664	186,701	158,641	160,896	171,379	158,497
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	17,595	17,595	3,854	9,310	5,810	5,810	11,298	10,944	5,772	12,732	12,732	14,383	18,485	18,201	11,704	12,024	24,194	21,228	21,228	20,766
Operating profit (loss)`9901`	5,140	12,609	17,366	47,169	-23,246	-11,408	-24,641	-17,710	-6,116	-17,963	1,001	19,304	-16,621	30,739	37,625	88,665	28,085	51,198	28,040	25,692
Financial income`75/76B`	23,193	-	8,428	1,439	26,228	31,510	4,299	1,038	252	273	12,180	4,530	2,315	2,957	967	17	575	1,106	443	2,494
Recurring financial income`75`	23,193	-	8,428	1,439	4,995	18,310	4,299	1,038	252	273	12,180	4,530	2,315	2,957	967	17	575	1,106	443	2,494
Non-recurring financial income`76B`	-	-	-	-	21,233	13,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	33,230	32,376	197	48	278	1,024	2,784	2,822	2,511	4,657	8,298	16,808	16,754	17,273	16,712	31,199	19,742	22,671	27,065	24,331
Recurring financial charges`65`	33,230	32,376	197	48	278	1,024	2,784	2,822	2,511	4,657	8,298	16,808	16,754	17,273	16,712	31,199	19,742	22,671	27,065	24,331
Profit (loss) for the period before taxes`9903`	-4,897	-19,767	25,597	48,560	2,704	19,078	-23,126	-19,494	-8,375	-22,347	4,883	7,026	-31,060	16,423	41,301	57,483	8,918	29,633	1,418	3,855
Profit (loss) for the period`9904`	-4,897	-19,767	25,597	48,560	2,704	19,078	-23,126	-19,494	-8,375	-22,347	4,883	7,026	-31,060	16,423	41,301	57,483	8,918	29,633	1,418	3,855
Profit (loss) for the period to be appropriated`9905`	-4,897	-19,767	25,597	48,560	2,704	19,078	-23,126	-19,494	-8,375	-22,347	4,883	7,026	-31,060	16,423	41,301	57,483	8,918	29,633	1,418	3,855
Appropriation of the result
Profit (loss) to be appropriated`9906`	-2,391	2,506	22,273	-3,324	-51,884	-54,588	-73,666	-50,540	-31,046	-22,671	-324	-5,207	-12,233	18,827	42,404	68,103	10,620	31,702	2,069	4,651
Profit (loss) brought forward from the previous period`14P`	2,506	22,273	-3,324	-51,884	-54,588	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,000	67,000	-	30,000	-	4,000
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,000	67,000	-	30,000	-	4,000
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	1.1	1.5	2.1	2	2	3	5	5	5.5	5.5	4.5	3	3.5	4	4
Hours worked`1013`	-	-	-	-	-	552	3,064	3,162	4,521	4,824	7,952	7,320	8,069	6,895	6,885	7,138	5,205	5,905	6,105	8,022
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	13-08-2026	2026-00396821	PDF
31-12-2024	micro format	28-08-2025	2025-00426863	PDF
31-12-2023	micro format	24-10-2024	2024-00514940	PDF
31-12-2022	micro format	29-08-2023	2023-00429077	PDF
31-12-2021	micro format	25-08-2022	2022-20327850	PDF
31-12-2020	micro format	24-08-2021	2021-52900530	PDF
31-12-2019	micro format	23-10-2020	2020-63000450	PDF
31-12-2018	micro format	30-08-2019	2019-59200092	PDF
31-12-2017	abbreviated format	24-08-2018	2018-50100252	PDF
31-12-2016	abbreviated format	29-08-2017	2017-51600023	PDF
31-12-2015	abbreviated format	09-08-2016	2016-41300553	PDF
31-12-2014	abbreviated format	28-08-2015	2015-51600380	PDF
31-12-2013	abbreviated format	21-08-2014	2014-44800578	PDF
31-12-2012	abbreviated format	23-08-2013	2013-46000036	PDF
31-12-2011	abbreviated format	16-08-2012	2012-41400283	PDF
31-12-2010	abbreviated format	16-08-2011	2011-40400415	PDF
31-12-2009	abbreviated format	17-08-2010	2010-41700347	PDF
31-12-2008	abbreviated format	24-08-2009	2009-65500061	PDF
31-12-2007	abbreviated format	19-08-2008	2008-58100241	PDF
31-12-2006	abbreviated format	11-09-2007	2007-71900177	PDF
31-12-2005	abbreviated format	14-07-2006	2006-47204762	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	22,735	30,204	21,220	56,479	-17,436	-5,598	-13,343	-6,766	-344	-5,231	13,733	33,687	1,864	48,940	49,329	100,689	52,279	72,426	49,268	46,458
Cash flow	12,698	-2,172	29,451	57,870	8,514	24,888	-11,828	-8,550	-2,603	-9,615	17,615	21,409	-12,575	34,624	53,005	69,507	33,112	50,861	22,646	24,621
Investment in fixed assets (approximation)	0	514,816	0	45,000	-1	0	3,540	27,282	0	0	18,318	0	1,421	34,799	0	12,160	20,510	0	2,313	3,810
Change in cash	-2,981	-69,687	-4,042	4,236	66,542	11,200	-3,525	-51,208	-7,749	21,289	-17,930	12,274	-8,678	9,155	-2,543	-51	23,755	13,957	-2,570	-
Working capital	-21,807	-14,505	152,483	123,032	110,162	101,647	76,759	92,127	127,959	130,562	140,177	150,880	129,471	143,467	148,642	100,637	53,290	45,688	9,827	2,494
EBIT margin	-	-	-	-	-	-	-7.4%	-4.7%	-1.4%	-3.8%	0.2%	3.5%	-3.2%	6.0%	7.1%	14.5%	5.3%	8.9%	5.0%	4.7%
Solvency	30.0%	29.4%	92.9%	98.8%	91.5%	98.4%	96.2%	96.3%	76.2%	82.2%	82.3%	79.1%	80.0%	82.5%	77.4%	68.9%	41.9%	41.4%	21.5%	20.7%
Current ratio	0.65	0.78	11.37	60.24	10.95	53.83	21.21	20.87	3.93	5.07	4.83	4.46	4.27	4.58	4.26	3.04	1.64	1.68	1.11	1.03
Quick ratio	0.65	0.78	11.37	60.24	10.95	41.29	15.07	14.11	3.42	4.25	4.10	3.87	3.64	3.76	3.70	2.45	1.36	1.39	0.87	0.82
Debt to equity	2.34	2.40	0.08	0.01	0.09	0.02	0.04	0.04	0.31	0.22	0.22	0.26	0.25	0.21	0.29	0.45	1.39	1.41	3.65	3.83
ROE	-2.9%	-11.4%	13.3%	29.1%	2.3%	16.5%	-23.9%	-16.3%	-6.0%	-15.1%	2.9%	4.3%	-19.6%	8.7%	23.9%	43.7%	12.0%	45.5%	4.0%	11.3%
ROA	-0.9%	-3.4%	12.3%	28.7%	2.1%	16.2%	-23.0%	-15.7%	-4.6%	-12.4%	2.4%	3.4%	-15.7%	7.2%	18.5%	30.1%	5.0%	18.8%	0.9%	2.3%
Interest coverage	0.68	0.93	over 100	over 100	-62.72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	32 days	32 days	27 days	13 days	22 days	26 days	20 days	29 days	24 days	12 days	9 days	8 days	11 days	3 days
Supplier credit	-	-	-	-	-	-	5 days	6 days	6 days	17 days	23 days	21 days	8 days	7 days	6 days	2 days	16 days	12 days	37 days	23 days

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€514,816	-	€45,000	-
Depreciation and write-downs of the year	€17,595	€17,595	€3,854	€9,310	€5,810

BAKER

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency30.0%

Current ratio0.65

Return on assets-0.9%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Overdue debts

Investments

Insights on BAKER

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