Equity
€2.7m from €15.2m in 2024
Equity fell by 82% in 1 year.
BAXTER SERVICES EUROPE
Lifetime
18 annual accounts with figures on one time axis, 34 filings since 1992peak €267.4m (2018)
€10.7m▼ 25.0%
lowest -€486,291 (2010)
€487,820▼ 31.8%
peak €15.2m (2024)
€2.7m▼ 82.5%
€17.7m▲ 529%
peak 211 FTE (2009)
40.3 FTE▼ 25.5%
Board9 names since 2016
4 directorsAnnelies Bryon and 3 others
Owners2 names in the annual accounts
0.8%BAXTER and 1 other
Documentsfilings and deeds
08-07-202623 days before the deadline
2025financial year
Turnover from €14.2m to €10.7mResult from €714,855 to €487,820Staff from 54.1 FTE to 40.3 FTEDividend €13.0mEquity from €15.2m to €2.7mDebts from €2.8m to €17.7m
Key points
from the 2025 annual accountsDebts
€17.7m 86% of the balance sheet
Financial debts 1%Suppliers 20%Taxes and wages 5%Other 73%
Staff
40.3 FTE from 211 in 2009
Between 2009 and 2025, 81% of the full-time equivalents disappeared.
Payment terms
414 days to suppliers
BAXTER SERVICES EUROPE pays its suppliers 356 days later than in 2024. Customers pay 25 days later.
Liquidity
1.14 was 6.35 in 2024
Short-term debts rose from €2.8m to €17.7m.
Filings
34 annual accounts since 1992
The 2019 accounts came 82 days late. The other nine of the last ten were filed on time.
Checked score
68
Healthy
Financially stronger than 20% of small companies in office administrative support (NACE 82)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.14
Equity €2.7m (13.0% of total assets)
Size: turnover €10.7m, 40.3 FTE, total assets €20.5m
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
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 82, small). It does better than 21% of them on solvency, 4% on liquidity, 46% on profitability and 8% on growth.
The bankruptcy probability was computed on 07-11-2026 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 low class on 30-06-2025, 0.8% 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, 4,685 companies had the same profile as BAXTER SERVICES EUROPE has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of BAXTER SERVICES EUROPE itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,447 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 4,685 companies, not a prediction for BAXTER SERVICES EUROPE. 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 €180,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (6.35 in 2024), below the usual 1.5. Short-term debt is 86.4% of total assets. 87% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1167 sector peers (2025).
NBB · sector comparisonPosition among 1167 sector peers
Solvency
better than 21%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
21 days early
2023
22 days early
2022
21 days early
2021
19 days early
2020
26 days early
2019
82 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% 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 10 July (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
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Baxter International Inc. consolidatesannual accounts 2025
- BAXTER 0.8%score 91equity €83.8m (2025) · 2025 annual accounts of BAXTER
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0444648295
Appointment: Isabelle Allouch (director)
General meeting of 26-08-2024 · Gazette deed
Reappointment: PwC Reviseurs d'Entreprises (statutory auditor)
Permanent representative: Romain Seffer · General meeting of 24-06-2024 · Gazette deed
Resignation: Herman Jacobs (director)
General meeting of 24-05-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BAXTER SERVICES EUROPE Lessines | €10.7m | 4.4% | 13.0% | 40.3 |
| Lantmännen Unibake Benelux Londerzeel | €18.4m | 5.0% | 76.6% | 35.2 |
| GraydonCreditsafe Belgium Antwerp | €20.2m | 8.1% | 31.4% | 56.9 |
| R.W.M. Bruges | €5.4m | 1.3% | 42.7% | 34.6 |
| VALIPAC Wemmel | €18.9m | -0.3% | 44.7% | 34 |
| OPTIMAL PARKING CONTROL Herent | €19.1m | 7.6% | 11.1% | 74.9 |
| Brussels International Trade Mart Ltd. and Co. Brussels | €12.0m | 9.9% | 60.3% | 20 |
Grey: the largest companies of the sector (office administrative support (NACE 82)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BAXTER SERVICES EUROPE: other business support services (NACE 82990). They are comparable in size and age: total assets between €16m and €44m, founded between 1973 and 2002.
Official details
Source: KBO- Status
- Active since 01-07-1991Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Other business support servicesNACE 82990
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment units
- 2.053.932.6367860 Lessines, since 13-03-1995
- 2.235.215.2431420 Braine-l'Alleud, since 01-01-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2026
Annual accounts 2025
- €20.5m▲ 12.3%
- Employeeson 31-12-2025
- 40▼ 11.1%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on BAXTER SERVICES EUROPE
BAXTER SERVICES EUROPE has existed since 1991. Turnover fell from €267.4m in 2018 to €29.1m in 2020.
Solvency fell in 2025 from 83.1% to 13.0% because of the dividend.
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 BAXTER SERVICES EUROPE
- What is the company number of BAXTER SERVICES EUROPE?
- The company number of BAXTER SERVICES EUROPE is 0444.648.295. The VAT number is the same number with BE in front: BE 0444.648.295.
- Where is BAXTER SERVICES EUROPE based?
- The registered office is at Boulevard René Branquart 80, 7860 Lessines.Company details
- What does BAXTER SERVICES EUROPE do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of BAXTER SERVICES EUROPE?
- BAXTER SERVICES EUROPE is a public limited company (NV).
- When was BAXTER SERVICES EUROPE founded?
- BAXTER SERVICES EUROPE was founded on 01-07-1991.
- Is BAXTER SERVICES EUROPE still active?
- Yes, BAXTER SERVICES EUROPE is an active enterprise in the KBO register.
- How many employees does BAXTER SERVICES EUROPE have?
- BAXTER SERVICES EUROPE had an average of 40.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BAXTER SERVICES EUROPE fall under?
- In its 2025 annual accounts, BAXTER SERVICES EUROPE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of BAXTER SERVICES EUROPE?
- The turnover of BAXTER SERVICES EUROPE was €10.7m in financial year 2025, according to the filed annual accounts.
- Is BAXTER SERVICES EUROPE profitable?
- In financial year 2025, BAXTER SERVICES EUROPE made a profit of €487,820.
- Where can I find the annual accounts of BAXTER SERVICES EUROPE?
- BAXTER SERVICES EUROPE filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BAXTER SERVICES EUROPE due?
- BAXTER SERVICES EUROPE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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