Equity
€537.1m ▲ 1.7%
BARCO paid out €44.2m in dividends. That is 84% of the 2025 profit.
BARCO
Lifetime
19 annual accounts with figures on one time axis, 26 filings since 2000peak €808.4m (2023)
€717.1m▲ 3.0%
lowest -€26.4m (2009)
€52.8m▼ 67.8%
peak €537.1m (2025)
€537.1m▲ 1.7%
€271.4m▼ 1.4%
peak 1,704.7 FTE (2007)
1,245.5 FTE▼ 1.4%
Board37 names since 2006all names
11 directorsAdisys Corporation and 10 others
Owners8 names in the annual accountsall names
54.5%- Publiek and 3 others
Documentsfilings and deeds
13-05-202679 days before the deadline
2025financial year
Result from €163.8m to €52.8mDirector in office: An Steegen (managing director) 22-07Merger: BARCO takes over Barco Solutions 02-05Permanent representatives: Mieke Van Leeuwe and Lien Winne 22-04Powers of attorney: Ann Desender, Anthony Huyghebaert and 57… 07-02Dividend €44.2m
Key points
from the 2025 annual accountsResult
€52.8m ▼ 67.8%
The result fell in 2025: merger with Barco Solutions.
Staff
1,245.5 FTE from 1,704.7 in 2007
Between 2007 and 2025, 27% of the full-time equivalents disappeared.
Restructuring
2
2 restructurings since 2024. Latest: merger with Barco Solutions.
Position in the sector
€52.8m
Higher net result than 95% of companies in electrical equipment. Sector median €63,069 · 127 companies.
Public support
€15.2m awarded from 2022 to 2025
Flemish support, mostly Onderzoeksproject.
Standalone figures, without subsidiaries
Checked score
90
Excellent
Financially stronger than 58% of companies in electrical equipment (NACE 27)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 13 companies (NACE 27, large).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025highest value
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.91, cash €410,264
lowers risk
Size: turnover €717.1m, 1,245.5 FTE, total assets €815.5m, files consolidated accounts
Founded in 2000
Equity €537.1m (65.9% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 27). It does better than 86% of them on solvency, 38% on liquidity, 62% on profitability and 47% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 321 companies had the same profile as BARCO has now. Each dot is one company, two years later.
97.5%
were still trading
2.5%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of BARCO itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 321 companies, not a prediction for BARCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €48,300,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.91 (1.66 in 2024), above the usual 1.5. Short-term debt is 28.7% and cash 0.1% of total assets. 34.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-05-2026, 79 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
79 days early
2024
93 days early
2023
96 days early
2022
81 days early
2021
76 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 85 days before the deadline. In the sector (NACE 27), the median for financial year 2024 was 6 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 6 others
- - Publiek 54.5%annual accounts 2025
- NV Michel Van de Wiele consolidatesscore 81equity €324.4m (2025) · annual accounts 2015
- VANDEWIELE GROUP 25.25%score 89equity €408.5m (2025) · annual accounts 2025
Shares in 28 companies, including Barco B.V. and BARCO CHINA HOLDING LTD.
Board & ownershipRecent changes
Share cancellation · Amendment of the articles
87,341,645 shares · Board meeting of 14-10-2025 · Gazette deed
Reappointment: Lord James Sassoon (independent director)
General meeting of 30-04-2026 · Gazette deed
General meeting of 30-04-2026
Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden, Verbouwen / Wijzigen Infrastructuur · Provincie West-Vlaanderen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BARCO Kortrijk | €717.1m | 7.3% | 65.9% | 1,245.5 |
| ALSTOM Belgium Charleroi | €814.7m | 0.2% | 39.3% | 1,668.6 |
| PSS BELGIUM Dendermonde | €135.7m | 0.8% | 44.7% | 283.2 |
| Bureau d'Electronique appliquée Liège | €136.4m | 22.6% | 43.4% | 327.5 |
| Niko Sint-Niklaas | €142.5m | 21.7% | 61.6% | 375 |
Grey: the largest companies of the sector (electrical equipment (NACE 27)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BARCO: manufacture of electrical equipment (NACE 27900). They are comparable in size and age: total assets between €94m and €756m, founded between 1942 and 2006.
Official details
Source: KBO- Status
- Active since 10-11-2000Normal situation
- Activity
- Manufacture of electrical equipmentNACE 27900and 3 others
- Joint committees
- 209White-collar workers in metal manufacturing
- 111Metal, mechanical and electrical engineering · annual accounts 2025
- Establishment units
- 2.101.028.6118500 Kortrijk, since 10-11-2000
- 2.101.028.7108520 Kuurne, since 10-11-2000and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 09-12-2025
Annual accounts 2025
- €815.5m▲ 0.7%
- Employeeson 31-12-2025
- 1,350▲ 2.7%
- Filing
- Filed on 13-05-2026, 79 days before the end of the filing period
Companies linked to BARCO
Shareholders
- 3D5.67%
Subsidiaries and holdings
Insights on BARCO
BARCO has existed since 2000. Turnover grew from €500.9m in 2007 to €717.1m in 2025, while staff fell from 1,704.7 to 1,245.5 full-time equivalents.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BARCO
- What is the company number of BARCO?
- The company number of BARCO is 0473.191.041. The VAT number is the same number with BE in front: BE 0473.191.041.
- Where is BARCO based?
- The registered office is at President Kennedypark 35, 8500 Kortrijk.Company details
- What does BARCO do?
- According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27900).
- What is the legal form of BARCO?
- BARCO is a public limited company (NV).
- When was BARCO founded?
- BARCO was founded on 10-11-2000.
- Is BARCO still active?
- Yes, BARCO is an active enterprise in the KBO register.
- How many employees does BARCO have?
- BARCO had an average of 1,245.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BARCO fall under?
- In its 2025 annual accounts, BARCO states joint committees 209 (White-collar workers in metal manufacturing) and 111 (Metal, mechanical and electrical engineering).
- What is the turnover of BARCO?
- The turnover of BARCO was €717.1m in financial year 2025, according to the filed annual accounts.
- Is BARCO profitable?
- In financial year 2025, BARCO made a profit of €52.8m.
- Where can I find the annual accounts of BARCO?
- BARCO filed 52 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BARCO due?
- BARCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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