BAXTER

Active

Public limited companyfounded 196858 years activeBoulevard René Branquart(L) 80, 7860 Lessines, BelgiumKBO/BCE: BE 0403.093.693

Summary

BAXTER has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83.8m and a net result of €6.2m. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 56% of 88 sector peers (NACE 21, fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch Report Compare

BAXTERActiveChecked score 91/100

Risk analysis Report Compare

History

BAXTER was incorporated on 1 January 1968.¹ The board currently has 5 members; Frédéric Yannart has served longest, since 2021.² Revenue grew from €79.8m in 2018 to €106.6m in 2025 and headcount from 834 to 901 full-time equivalents.³

Acts, filings and financial milestones

All 57Financial 4Gazette 43Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · consolidated

08-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

29-07

State Gazette act Reappointment: PwC Reviseurs d'Entreprises SRL (statutory auditor)

Permanent representative: Romain Seffer · Auditor representative4 facts ▸

General meeting, 30-06-2025
Auditor reappointment, PwC Reviseurs d'Entreprises SRL
Permanent representative, Romain Seffer
Auditor representative, Romain Seffer SRL

10-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

09-07

NBB filing Annual accounts filed

fiscal year 2024 · consolidated

22-05

State Gazette act Resignation: Lionel Rosoux (director and managing director)

Appointment: Abdellah El Kacem (director) · Mandate compensation9 facts ▸

General meeting, 28-03-2025
Director resignation, Lionel Rosoux (director and managing director)
Director appointment, Abdellah El Kacem (director)
Board composition, Frédéric Yannart (director)
Board composition, Guy In 't Ven (director)
Board composition, Serge Vandermotten (director)
Board composition, Abdellah El Kacem (director)
Board composition, Annelies Bryon (managing director)
Mandate compensation, BAXTER

2024

31-12

Financial Highest result since 2018net €17.1m ▲163%

Net result €17.1m, the highest in the series.

09-07

NBB filing Annual accounts filed

fiscal year 2023 · consolidated

09-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

08-07

State Gazette act Resignation: Herman Jacobs (director)

Mandate compensation8 facts ▸

General meeting, 24-05-2024
Director resignation, Herman Jacobs (director)
Board composition, Frédéric Yannart (director)
Board composition, Guy In 't Ven (director)
Board composition, Serge Vandermotten (director)
Board composition, Annelies Bryon (managing director)
Board composition, Lionel Rosoux (managing director)
Mandate compensation, BAXTER

30-04

State Gazette act Resignation: Adriano MARQUES ANTUNES (director)

Appointment: Lionel ROSOUX (director) · Mandate compensation13 facts ▸

General meeting, 01-03-2024
Director resignation, Adriano MARQUES ANTUNES (director)
Director appointment, Lionel ROSOUX (director)
Board composition, Herman Jacobs (director)
Board composition, Frédéric Yannart (director)
Board composition, Guy In 't Ven (director)
Board composition, Serge Vandermotten (director)
Board composition, Annelies Bryon (managing director)
Board composition, Lionel ROSOUX (managing director)
Mandate compensation, BAXTER
Board meeting, 01-03-2024
Director resignation, Adriano MARQUES ANTUNES (managing director)
+1 further facts in this act

20-03

State Gazette act Capital & shares

Statutes amendment1 fact ▸

Statutes amendment

Show earlier events

2023

28-07

State Gazette act Appointments: Adriano Marques Antunes (managing director) and Annelies Bryon (managing director)

3 facts ▸

Board meeting, 05-07-2023
Director appointment, Adriano Marques Antunes (managing director)
Director appointment, Annelies Bryon (managing director)

28-07

State Gazette act Resignation: Jacques Delbecq (director)

Appointments: Annelies Bryon, Guy In 't Ven and Serge Vandermotten · Mandate compensation12 facts ▸

General meeting, 26-06-2023
Director resignation, Jacques Delbecq (director)
Director appointment, Annelies Bryon (director)
Director appointment, Guy In 't Ven (director)
Director appointment, Serge Vandermotten (director)
Mandate compensation, BAXTER
Board composition, Herman Jacobs (director)
Board composition, Frédéric Yannart (director)
Board composition, Adriano Marques Antunes (director)
Board composition, Annelies Bryon (director)
Board composition, Guy In 't Ven (director)
Board composition, Serge Vandermotten (director)

25-07

NBB filing Annual accounts filed

fiscal year 2022 · consolidated

10-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

19-04

State Gazette act Reappointment: Herman Jacobs (director)

Mandate compensation8 facts ▸

General meeting, 15-03-2023
General meeting, 24-09-2020
Director reappointment, Herman Jacobs (director)
Board composition, Herman Jacobs (director)
Board composition, Frédéric Yannart (director)
Board composition, Jacques Delbecq (director)
Board composition, Adriano Marques Antunes (director)
Mandate compensation, BAXTER

2022

16-09

State Gazette act Reappointment: SRL PwC Reviseurs d'Entreprises (statutory auditor)

Permanent representative: Romain Seffer · Mandate term4 facts ▸

General meeting, 27-06-2022
Auditor reappointment, SRL PwC Reviseurs d'Entreprises (statutory auditor)
Permanent representative, Romain Seffer
Mandate term, à l'issue de l'assemblée générale des actionnaires appelée à statuer sur les comptes annuels de l'exercice social qui sera clôturé le 31 décembre 2024

14-07

NBB filing Annual accounts filed

fiscal year 2021 · consolidated

12-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

25-01

State Gazette act Resignation: Bhevan Chandrasena (director)

Mandate compensation7 facts ▸

General meeting, 06-01-2022
Director resignation, Bhevan Chandrasena (director)
Board composition, Herman Jacobs (director)
Board composition, Frédéric Yannart (director)
Board composition, Jacques Delbecg (director)
Board composition, Adriano Marques Antunes (director)
Mandate compensation, BAXTER

2021

31-12

Financial Liquidity doublescurrent ratio 1.96

Current ratio from 0.88 to 1.96; short-term debt falls from €66.9m to €28.8m.

22-12

State Gazette act Appointment: Adriano Marques Antunes (director)

Mandate compensation8 facts ▸

General meeting, 02-12-2021
Director appointment, Adriano Marques Antunes (director)
Board composition, Herman Jacobs (director)
Board composition, Bhevan Chandrasena (director)
Board composition, Frédéric Yannart (director)
Board composition, Jacques Delbecq (director)
Board composition, Adriano Marques Antunes (director)
Mandate compensation, BAXTER

24-08

State Gazette act Statutes amendment

Capital3 facts ▸

General meeting, 15-06-2021
Statutes amendment
Capital, €7.122.417

12-05

State Gazette act Resignation: Giuseppe Spatola (director)

Appointments: Frédéric Yannart (director) and Jacques Delbecq (director) · Mandate compensation9 facts ▸

General meeting, 15-03-2021
Director resignation, Giuseppe Spatola (director)
Director appointment, Frédéric Yannart (director)
Director appointment, Jacques Delbecq (director)
Board composition, Herman Jacobs (director)
Board composition, Bhevan Chandrasena (director)
Board composition, Frédéric Yannart (director)
Board composition, Jacques Delbecq (director)
Mandate compensation, BAXTER

03-02

State Gazette act Permanent representative: Romain Seffer

2 facts ▸

General meeting, 10-12-2020
Permanent representative, Romain Seffer

2020

31-12

Financial Weakest financial yearnet €4.6m ▼27.9%

Net result drops to €4.6m, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €50mEq €50.5m ▲8.9%

3 profitable years in a row build equity to €50.5m.

16-01

State Gazette act Resignation: Andrea Borrell Vila (director)

Mandate compensation6 facts ▸

General meeting, 29-10-2019
Director resignation, Andrea Borrell Vila (director)
Board composition, Herman Jacobs (director)
Board composition, Bhevan Chandrasena (director)
Board composition, Giuseppe Spatola (director)
Mandate compensation, BAXTER

2019

04-11

State Gazette act Appointment: Giuseppe Spatola (director)

Reappointment: Pricewaterhouse Coopers reviseurs d'entreprises (statutory auditor) · Mandate compensation8 facts ▸

General meeting, 24-06-2019
Director appointment, Giuseppe Spatola (director)
Board composition, Andrea Borrell Vila (director)
Board composition, Herman Jacobs (director)
Board composition, Bhevan Chandrasena (director)
Board composition, Giuseppe Spatola (director)
Mandate compensation, BAXTER
Auditor reappointment, Pricewaterhouse Coopers reviseurs d'entreprises

06-06

State Gazette act Statutes amendment

2 facts ▸

General meeting, 23-05-2019
Statutes amendment

2018

25-07

State Gazette act Resignation: Erich Kollegger (director)

Mandate compensation7 facts ▸

General meeting, 21-06-2018
Director resignation, Erich Kollegger (director)
Board composition, Andrea Borrell Vila (director)
Board composition, Herman Jacobs (director)
Board composition, Bhevan Chandrasena (director)
Mandate compensation, BAXTER
Board resolution, no replacement appointed for Erich Kollegger

2017

15-12

State Gazette act Permanent representative: Alexis VAN BAVEL

Statutory auditor2 facts ▸

Permanent representative, Alexis VAN BAVEL
Statutory auditor, PricewaterhouseCoopers Réviseurs d'Entreprises Scerl

2016

18-08

State Gazette act Reappointment: Pricewaterhouse Coopers reviseurs d'entreprises (statutory auditor)

2 facts ▸

General meeting, 16-06-2016
Auditor reappointment, Pricewaterhouse Coopers reviseurs d'entreprises

01-06

State Gazette act Resignation: Philippe Lodomez (director)

Appointment: Bhevan Chandrasena (director) · Mandate compensation8 facts ▸

General meeting, 15-03-2016
Director resignation, Philippe Lodomez (director)
Director appointment, Bhevan Chandrasena (director)
Board composition, Andrea Borrell Vila (director)
Board composition, Herman Jacobs (director)
Board composition, Erich Kollegger (director)
Board composition, Bhevan Chandrasena (director)
Mandate compensation, BAXTER

2015

09-07

State Gazette act Resignation: Emmanuel Felix (director)

6 facts ▸

General meeting, 04-06-2015
Director resignation, Emmanuel Felix (director)
Board composition, Philippe Lodomez (director)
Board composition, Andrea Borrell Vila (director)
Board composition, Herman Jacobs (director)
Board composition, Erich Kollegger (director)

06-07

State Gazette act Capital & shares · Restructuring

Demerger · Accounting effect · Share issue11 facts ▸

General meeting, 30-04-2015
Demerger, Activité Baxalta
Accounting effect, 01-01-2015
Share issue, nominatives, entièrement libérées et sans valeur nominale, 6428558
Capital decrease, €15.614.853
Capital, €7.122.417
Statutes amendment
Suspensive condition, décision concordante de scission partielle et d'augmentation de capital par l'assemblée générale extraordinaire des actionnaires de la société scindée
No cash consideration, Aucune soulte ne sera versée.
No share exchange, les actions existantes dans la société transférante ne seront pas échangées pour des actions dans la société scindée
Mixed assets, les actifs mixtes ne seront pas transférés à la société scindée et demeureront au sein de la société transférante (sans préjudice aux contrats mixtes, dont la p…

12-03

State Gazette act Restructuring

Demerger · Capital increase · Capital decrease18 facts ▸

Demerger, Transfert des Activités Baxalta de la Société Transférante à la Société Scindée
Capital increase, €15.614.853
Capital decrease, €15.614.853
Share issue, Nouvelles Actions, 6428558
Net-asset statement, 31-12-2014
Accounting effect, 01-01-2015
Proposal date, 27-02-2015
Expected approval date, 30-04-2015
Shareholding, 10415, 99,9712%
Shareholding, 6149, 99,9837%
Shareholding, 3, 0,0288%
Shareholding, 1, 0,0163%
+6 further facts in this act

04-03

State Gazette act Reappointments: Andrea Borrell Vila, Philippe Lodomez and 3 others

11 facts ▸

General meeting, 30-06-2014
Director reappointment, Andrea Borrell Vila (director)
Director reappointment, Philippe Lodomez (director)
Director reappointment, Hermann Jacobs (director)
Director reappointment, Emmanuel Félix (director)
Director reappointment, Erich Kollegger (director)
Board composition, Philippe Lodomez (director)
Board composition, Andrea Borrell Vila (director)
Board composition, Hermann Jacobs (director)
Board composition, Emmanuel Félix (director)
Board composition, Erich Kollegger (director)

2014

18-03

State Gazette act Resignation: Achille Ghillotti (director)

Appointment: Erich Kollegger (director)8 facts ▸

General meeting, 15-01-2014
Director resignation, Achille Ghillotti (director)
Director appointment, Erich Kollegger (director)
Board composition, Philippe Lodomez (director)
Board composition, Andrea Borrell Vila (director)
Board composition, Hermann Jacobs (director)
Board composition, Emmanuel Felix (director)
Board composition, Erich Kollegger (director)

2013

27-08

State Gazette act Resignation: Mario Ricard (director)

Appointments: Herman Jacobs (director) and Emmanuel Félix (director) · Reappointment: PricewaterhouseCoopers reviseurs d'Entreprises (statutory auditor)10 facts ▸

General meeting, 20-06-2013
Director resignation, Mario Ricard (director)
Director appointment, Herman Jacobs (director)
Director appointment, Emmanuel Félix (director)
Board composition, Philippe Lodomez (director)
Board composition, Andrea Borrell Vila (director)
Board composition, Achille Ghilotti (director)
Board composition, Herman Jacobs (director)
Board composition, Emmanuel Félix (director)
Auditor reappointment, PricewaterhouseCoopers reviseurs d'Entreprises

30-01

State Gazette act Capital & shares

Branch creation2 facts ▸

Board meeting, 21-12-2012
Branch creation, Création d'une unité d'établissement

2012

04-12

State Gazette act Resignations: Michael Costello (director) and Emmanuel Foy (director)

Appointment: Achille Ghilotti (director) · Mandate term · Mandate compensation10 facts ▸

General meeting, 01-10-2012
Director resignation, Michael Costello (director)
Director resignation, Emmanuel Foy (director)
Director appointment, Achille Ghilotti (director)
Mandate term, jusqu'à l'assemblée générale ordinaire des actionnaires à tenir en 2014 qui délibèrera sur les comptes annuels clôturés au 31 décembre 2013
Board composition, Philippe Lodomez (director)
Board composition, Mario Ricard (director)
Board composition, Andrea Borrell Vila (director)
Board composition, Achille Ghilotti (director)
Mandate compensation, BAXTER

18-09

State Gazette act Resignation: Anja Verbeke (director)

Appointment: Andrea Borrell Vila (director) · Mandate compensation9 facts ▸

General meeting, 21/06/2012
Director resignation, Anja Verbeke (director)
Director appointment, Andrea Borrell Vila (director)
Board composition, Emmanuel Foy (director)
Board composition, Philippe Lodomez (director)
Board composition, Mario Ricard (director)
Board composition, Michael Costello (director)
Board composition, Andrea Borrell Vila (director)
Mandate compensation, BAXTER

03-01

State Gazette act Permanent representatives: Alexis Van Bavel and Emeric Seeuws

Resignation: Raynald Vermoesen (permanent representative)4 facts ▸

General meeting, 09-12-2011
Permanent representative, Alexis Van Bavel
Permanent representative, Emeric Seeuws
Director resignation, Raynald Vermoesen (permanent representative)

2011

17-11

State Gazette act Appointment: Michael Costello (director)

7 facts ▸

General meeting, 10-10-2011
Director appointment, Michael Costello (director)
Board composition, Anja Verbeke (director)
Board composition, Emmanuel Foy (director)
Board composition, Philippe Lodomez (director)
Board composition, Mario Ricard (director)
Board composition, Michael Costello (director)

17-11

State Gazette act Appointment: Michael Costello (managing director)

Accounting effect3 facts ▸

Board meeting, 10-10-2011
Director appointment, Michael Costello (managing director)
Accounting effect, 10-10-2011

26-10

State Gazette act Resignation: Renaud Mazy (director and managing director)

6 facts ▸

General meeting, 15-09-2011
Director resignation, Renaud Mazy (director and managing director)
Board composition, Anja Verbeke (director)
Board composition, Emmanuel Foy (director)
Board composition, Philippe Lodomez (director)
Board composition, Mario Ricard (director)

20-09

State Gazette act Resignations & appointments

Power of attorney4 facts ▸

Board meeting, 01-08-2011
Power of attorney, Hendrik Deforce
Power of attorney, Jean-Michel Heusdens
Power of attorney, Philippe Lodomez

23-02

State Gazette act Resignation: Christian De Vos (director)

Appointments: Philippe Lodomez (director) and Mario Ricard (director) · Permanent representative: Philippe Lodomez · Mandate compensation12 facts ▸

General meeting, 16-12-2010
Director resignation, Christian De Vos (director)
Director appointment, Philippe Lodomez (director)
Mandate compensation, Philippe Lodomez
Director appointment, Mario Ricard (director)
Mandate compensation, Mario Ricard
Board composition, Renaud Mazy (director)
Board composition, Anja Verbeke (director)
Board composition, Emmanuel Foy (director)
Board composition, Philippe Lodomez (director)
Board composition, Mario Ricard (director)
Permanent representative, Philippe Lodomez

2010

16-11

State Gazette act Resignation: Mario Ricard (director)

Appointment: Emmanuel Foy (director)7 facts ▸

General meeting, 15-10-2010
Director resignation, Mario Ricard (director)
Director appointment, Emmanuel Foy (director)
Board composition, Christian De Vos (director)
Board composition, Renaud Mazy (director)
Board composition, Anja Verbeke (director)
Board composition, Emmanuel Foy (director)

02-09

State Gazette act Reappointment: SCCRL PricewaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)

Permanent representative: Raynald Vermoesen3 facts ▸

General meeting, 17-06-2010
Auditor reappointment, SCCRL PricewaterhouseCoopers Reviseurs d'Entreprises
Permanent representative, Raynald Vermoesen (permanent representative)

19-05

State Gazette act Resignation: Pierre Destexhe (director)

Appointment: Anja Verbeke (director) · Permanent representative: Christian De Vos8 facts ▸

General meeting, 03-05-2010
Director resignation, Pierre Destexhe (director)
Director appointment, Anja Verbeke (director)
Board composition, Christian De Vos (director)
Board composition, Renaud Mazy (director)
Board composition, Mario Ricard (director)
Board composition, Anja Verbeke (director)
Permanent representative, Christian De Vos (administrateur de groupe a de baxter pension fund belgium)

19-05

State Gazette act Resignation: Anne Vissenackens (director)

Permanent representative: Mario Ricard7 facts ▸

General meeting, 12-03-2010
Director resignation, Anne Vissenackens (director)
Board composition, Pierre Destexhe (director)
Board composition, Christian De Vos (director)
Board composition, Renaud Mazy (director)
Board composition, Mario Ricard (director)
Permanent representative, Mario Ricard (permanent representative)

2008

27-08

State Gazette act Reappointments: Pierre Destexhe, Renaud Mazy and Christan De Vos

Resignations: Vinciane Verbiest (director) and Paul Van de Velde (director) · Appointment: Anne Vissenackens (director) · Permanent representative: Anne Vissenackens9 facts ▸

General meeting, 19-06-2008
Director reappointment, Pierre Destexhe (director)
Director reappointment, Renaud Mazy (director)
Director reappointment, Christan De Vos (director)
Director resignation, Vinciane Verbiest (director)
Director resignation, Paul Van de Velde (director)
Director appointment, Anne Vissenackens (director)
Permanent representative, Anne Vissenackens (permanent representative)
Mandate compensation, BAXTER

2005

22-09

State Gazette act Appointment: Dominique Cotteaux (managing director)

2 facts ▸

Board meeting, 19-08-2005
Director appointment, Dominique Cotteaux (managing director)

05-08

State Gazette act Appointment: Dominique Cotteaux (director)

Mandate compensation7 facts ▸

General meeting, 16-06-2005
Director appointment, Dominique Cotteaux (director)
Board composition, Pierre Destexhe (director)
Board composition, Christian De Vos (director)
Board composition, Vinciane Verbiest (director)
Board composition, Dominique Cotteaux (director)
Mandate compensation, Baxter

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

43 of 43 acts read