Summary
Bayer has been active since 1961 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €11.77bn and a net result of €6.5m. Equity remains stable across the filed fiscal years (±0.2% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023 · tick = 2022
Profitability59▲+2
Solvency100=
Growth34▲+1
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
99.3%
Return on assets
0.1%
Age of the figures
33 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
40 d early
2022
55 d early
2021
52 d early
2020
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 49 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema, statutory accounts
Turnover
€232.4m▲ 5.9%
2022 · €219.5m
EBIT margin
4.6%▲ 1.6pp
2022 · 2.9%
Net result
€6.5m▲ 20.2%
2022 · €5.4m
Working capital
€73.7m▲ 6.6%
2022 · €69.2m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202120222023
Turnover€216.0m-€218.6m▲ 1.2%€206.6m-€219.5m▲ 6.2%€232.4m▲ 5.9%
Operating result€11.3m-€10.9m▼ 3.7%€10.6m-€6.4m▼ 39.1%€10.6m▲ 64.2%
Net result€79.8m-€21.6m▼ 73.0%€6.8m-€5.4m▼ 20.6%€6.5m▲ 20.2%
EBIT margin5.3%-5.0%▼ 0.3pp5.1%-2.9%▼ 2.2pp4.6%▲ 1.6pp
Equity€11.85bn-€11.87bn▲ 0.2%€11.76bn-€11.77bn=€11.77bn▲ 0.1%
Total assets€12.02bn-€11.92bn▼ 0.9%€11.95bn-€11.85bn▼ 0.8%€11.86bn▲ 0.1%
Debt€166.7m-€38.0m▼ 77.2%€182.8m-€66.7m▼ 63.5%€82.1m▲ 23.1%
Working capital€6.85bn-€163.1m▼ 97.6%€53.2m-€69.2m▲ 29.9%€73.7m▲ 6.6%
Staff (FTE)264.1-253.8▼ 3.9%226.2-214.9▼ 5.0%183.2▼ 14.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 64% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €11.86bn
Fixed assets
€11.70bn ▼ 0.1%
Current assets
€155.8m ▲ 14.7%
Equity and liabilities €11.86bn
Equity
€11.77bn ▲ 0.1%
Provisions
€2.3m ▼ 82.1%
Debt
€82.1m ▲ 23.1%
Debt's share of the balance-sheet total rises from 0.6% to 0.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11.3m▲
2022 · €7.2m
Cash flow
€7.1m▲
2022 · €6.1m
Current ratio
1.90▼
2022 · 2.04
Quick ratio
1.28▼
2022 · 1.36
Debt to equity
0.01▲
2022 · 0.01
ROE
0.1%▲
2022 · 0.0%
ROA
0.1%▲
2022 · 0.0%
Interest coverage
14.09▼
2022 · 30.85
Debt ≤ 1 year
€82.1m▲
2022 · €66.6m
Income taxes
€3.6m▲
2022 · €1.6m
Staff costs
€41.2m▲
2022 · €35.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €226.8m | €255.1m | €262.5m | ▲ 2.9% |
| Turnover70 | €216.0m | €218.6m | €206.6m | €219.5m | €232.4m | ▲ 5.9% |
| Other operating income74 | - | - | €20.2m | €35.4m | €28.0m | ▼ 20.9% |
| Non-recurring operating income76A | - | - | - | €191,000 | €2.0m | ▲ 966% |
| Operating charges60/66A | - | - | €216.3m | €248.7m | €251.9m | ▲ 1.3% |
| Goods for resale, raw materials and consumables60 | - | - | €89.4m | €101.3m | €103.7m | ▲ 2.3% |
| Purchases600/8 | - | - | €81.5m | €104.0m | €107.9m | ▲ 3.8% |
| Change in stocks: decrease (increase)609 | - | - | €7.9m | -€2.7m | -€4.3m | ▼ 61.2% |
| Services and other goods61 | - | - | €22.8m | €25.4m | €26.2m | ▲ 3.0% |
| Remuneration, social security and pensions62 | - | - | €36.8m | €35.9m | €41.2m | ▲ 14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.2m | €1.1m | €813,797 | €748,956 | €673,815 | ▼ 10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3.9m | -€2.9m | -€763,077 | ▲ 73.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€1.9m | €9.8m | -€10.0m | ▼ 201% |
| Other operating charges640/8 | - | - | €64.4m | €78.3m | €90.9m | ▲ 16.1% |
| Non-recurring operating charges66A | - | - | - | - | €25,211 | - |
| Operating profit (loss)9901 | €11.3m | €10.9m | €10.6m | €6.4m | €10.6m | ▲ 64.2% |
| Financial income75/76B | - | - | €5.5m | €1.3m | €58,661 | ▼ 95.5% |
| Recurring financial income75 | €883.9m | €382.4m | €5.5m | €1.3m | €58,661 | ▼ 95.5% |
| Income from financial fixed assets750 | - | - | - | €1.0m | - | - |
| Income from current assets751 | - | - | €2.2m | €290,624 | €58,074 | ▼ 80.0% |
| Other financial income752/9 | - | - | €3.3m | €5,024 | €587 | ▼ 88.3% |
| Financial charges65/66B | - | - | €6.3m | €807,367 | €1.2m | ▲ 48.1% |
| Recurring financial charges65 | €778.4m | €362.9m | €6.3m | €807,367 | €1.2m | ▲ 48.1% |
| Debt charges650 | €66.9m | €112.8m | €211,304 | €233,360 | €799,624 | ▲ 243% |
| Other financial charges652/9 | - | - | €6.1m | €574,007 | €396,423 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | €117.0m | €30.5m | €9.8m | €7.0m | €9.5m | ▲ 36.0% |
| Transfer from deferred taxes780 | - | - | €40,248 | €40,248 | €656,767 | ▲ 1,532% |
| Income taxes67/77 | €37.2m | €9.0m | €3.1m | €1.6m | €3.6m | ▲ 126% |
| Taxes670/3 | - | - | €3.1m | €2.1m | €3.6m | ▲ 75.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €463,716 | - | - |
| Profit (loss) for the period9904 | €79.8m | €21.6m | €6.8m | €5.4m | €6.5m | ▲ 20.2% |
| Transfer from tax-exempt reserves789 | - | - | €120,756 | €120,756 | €2.0m | ▲ 1,542% |
| Profit (loss) for the period to be appropriated9905 | €79.9m | €21.7m | €6.9m | €5.5m | €8.5m | ▲ 53.6% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.02bn | €11.92bn | €11.95bn | €11.85bn | €11.86bn | ▲ 0.1% |
| Fixed assets21/28 | €5.02bn | €11.71bn | €11.71bn | €11.71bn | €11.70bn | ▼ 0.1% |
| Intangible fixed assets21 | €30,357 | €11,200 | - | - | - | - |
| Tangible fixed assets22/27 | €13.2m | €12.1m | €10.3m | €9.6m | €227,961 | ▼ 97.6% |
| Land and buildings22 | - | - | €10.2m | €9.5m | €18,406 | ▼ 99.8% |
| Plant, machinery and equipment23 | - | - | €3,994 | €10,332 | €63,366 | ▲ 513% |
| Furniture and vehicles24 | - | - | €125,966 | €102,446 | €57,148 | ▼ 44.2% |
| Assets under construction and advance payments27 | - | - | - | €41,361 | €89,041 | ▲ 115% |
| Financial fixed assets28 | €5.00bn | €11.70bn | €11.70bn | €11.70bn | €11.70bn | = |
| Affiliated companies280/1 | - | - | €11.70bn | €11.70bn | €11.70bn | = |
| Participating interests280 | - | - | €11.70bn | €11.70bn | €11.70bn | = |
| Other financial fixed assets284/8 | - | - | €636,749 | €547,451 | €1.2m | ▲ 120% |
| Amounts receivable and cash guarantees285/8 | - | - | €636,749 | €547,451 | €1.2m | ▲ 120% |
| Current assets29/58 | €7.01bn | €201.0m | €236.0m | €135.8m | €155.8m | ▲ 14.7% |
| Stocks and contracts in progress3 | €32.3m | €34.5m | €39.9m | €45.5m | €50.5m | ▲ 11.1% |
| Stocks30/36 | - | - | €39.9m | €45.5m | €50.5m | ▲ 11.1% |
| Goods purchased for resale34 | - | - | €39.9m | €45.5m | €50.5m | ▲ 11.1% |
| Amounts receivable within one year40/41 | €6.84bn | €59.7m | €83.0m | €90.3m | €105.3m | ▲ 16.6% |
| Trade receivables40 | - | - | €53.2m | €63.1m | €84.6m | ▲ 34.1% |
| Other amounts receivable41 | - | - | €29.9m | €27.2m | €20.7m | ▼ 24.1% |
| Current investments50/53 | - | €42.0m | €113.0m | - | - | - |
| Other investments51/53 | - | - | €113.0m | - | - | - |
| Cash at bank and in hand54/58 | €65,119 | €6,406 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €2,066 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.02bn | €11.92bn | €11.95bn | €11.85bn | €11.86bn | ▲ 0.1% |
| Equity10/15 | €11.85bn | €11.87bn | €11.76bn | €11.77bn | €11.77bn | ▲ 0.1% |
| Contributions10/11 | €6.98bn | €6.98bn | €8.09bn | €8.09bn | €8.09bn | = |
| Capital10 | - | - | €6.98bn | €6.98bn | €6.98bn | = |
| Issued capital100 | - | - | €6.98bn | €6.98bn | €6.98bn | = |
| Outside capital11 | - | - | €1.11bn | €1.11bn | €1.11bn | = |
| Share premium1100/10 | - | - | €1.11bn | €1.11bn | €1.11bn | = |
| Reserves13 | €3.76bn | €3.79bn | €3.67bn | €3.68bn | €3.69bn | ▲ 0.2% |
| Non-distributable reserves130/1 | - | - | €131.8m | €132.0m | €132.5m | ▲ 0.3% |
| Legal reserve130 | - | - | €131.5m | €131.8m | €132.2m | ▲ 0.3% |
| Other1319 | - | - | €242,125 | €242,125 | €242,125 | = |
| Tax-exempt reserves132 | - | - | €2.7m | €2.6m | €634,831 | ▼ 75.7% |
| Distributable reserves133 | - | - | €3.54bn | €3.54bn | €3.55bn | ▲ 0.2% |
| Provisions and deferred taxes16 | €2.0m | €2.4m | €3.2m | €13.0m | €2.3m | ▼ 82.1% |
| Provisions for liabilities and charges160/5 | - | - | €2.5m | €12.3m | €2.3m | ▼ 81.2% |
| Other liabilities and charges164/5 | - | - | €2.5m | €12.3m | €2.3m | ▼ 81.2% |
| Deferred taxes168 | - | - | €697,015 | €656,767 | - | - |
| Amounts payable17/49 | €166.7m | €38.0m | €182.8m | €66.7m | €82.1m | ▲ 23.1% |
| Amounts payable within one year42/48 | €156.1m | €37.9m | €182.7m | €66.6m | €82.1m | ▲ 23.1% |
| Trade debts44 | €9.1m | €14.9m | €7.8m | €7.9m | €11.7m | ▲ 48.3% |
| Suppliers440/4 | - | - | €7.8m | €7.9m | €11.7m | ▲ 48.3% |
| Advances received on contracts in progress46 | - | - | €50,799 | €184,075 | €16,498 | ▼ 91.0% |
| Taxes, remuneration and social security45 | - | - | €29.9m | €12.1m | €11.3m | ▼ 6.1% |
| Taxes450/3 | - | - | €18.9m | €2.2m | €5.1m | ▲ 138% |
| Remuneration and social security454/9 | - | - | €10.9m | €9.9m | €6.2m | ▼ 37.4% |
| Other amounts payable47/48 | - | - | €145.0m | €46.5m | €59.0m | ▲ 26.9% |
| Accrued charges and deferred income492/3 | - | - | €69,386 | €18,974 | €22,969 | ▲ 21.1% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79.8m | €21.6m | €6.8m | €5.4m | €6.5m | ▲ 20.2% |
| + Depreciation and write-downs630 | €1.2m | €1.1m | €813,797 | €748,956 | €673,815 | ▼ 10.0% |
| Operating cash flow (approximation) | €81.0m | €22.7m | €7.6m | €6.1m | €7.1m | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | -€6.70bn | - | €30,100 | €8.1m | ▲ 26,731% |
| Change in cash | - | -€58,713 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
20-08
State Gazette act
Reappointment: Deloitte Bedrijfsrevisoren CVBA (statutory auditor)Permanent representative: Pieter-Jan Van Durme3 facts ▸
State Gazette act
Reappointment: Deloitte Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative: Pieter-Jan Van Durme3 facts ▸
- General meeting, 05-06-2026
- Auditor reappointment, Deloitte Bedrijfsrevisoren CVBA (statutory auditor)
- Permanent representative, Pieter-Jan Van Durme (representative)
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €5.4m ▼20.6%
Net result drops to €5.4m, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 48 acts read
About the unread acts
Of the 48 Belgian State Gazette acts we know for this company, 1 has been read. The other 47 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Deloitte bedrijfsrevisoren CVBA
CurrentStatutory auditor · since 05-06-2026 · perm. rep.: Pieter-Jan Van Durme
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Machelen (Brab.) · 2 establishment units since 1961
Ground area
3.1 ha
Building footprint
1.2 ha
Volume, LiDAR
72,028 m³
2 parcels, Brussels, Flanders · tallest building 58.6 m, ±15 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
2 establishment units
Kouterveldstraat 7A, 1831 Machelen (Brab.)
since 19612.003.186.887
BAYER
since 20162.257.706.078
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0163/00D003 | Flanders | 2.7 ha | 1 · 9,977 m² | - |
| 21805E0283/00C000 | Brussels | 3,919 m² | 1 · 1,800 m² | 58.6 m · 15 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Deloitte bedrijfsrevisoren CVBA |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Part of the group
Bayer Aktiengesellschaft
4 companies
Group, risk and exposure
Owners and holdings
3 owners · 2 holdingsChain of control
- Bayer AktiengesellschaftDE
- Bayer
Highest known parent: Bayer Aktiengesellschaft (Germany). The sources do not say who stands above it.
Owners 3
- Zweite K-W-A Beteiligungsgesellschaft mbHDEparentSourceown accounts 202470.89%
- Bayer AktiengesellschaftDEparentSourceLEI registerconsolidated
- Bayer Gesellschaft für Beteiligungen mbHDESourceown accounts 202429.11%
Holdings 2
-
100%
-
1.18%
According to the 2024 annual accounts of Bayer and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateControl over this companyparent company per the LEI register1
Bayer Aktiengesellschaft
Leverkusen, Germany
controls
BayerBE 0404.754.571
Board mandates of this companythis company sits on their board1
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 9,720 EUR awarded · 9,720 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,240 EUR | 3,240 EUR |
| 2023 | 1 | 5,649 EUR | 5,649 EUR |
| 2022 | 1 | 831 EUR | 831 EUR |
Schemes
European research
1 projectProgrammes
Projects
FORTIFY - FRAMEWORK FOR OPTIMIZED REGULATION, TRADE SECRETS, AND INTELLECTUAL PROPERTY IN A FEDERATED EUROPEAN HEALTH DATA SPACE
Recognitions · licences · registrations
Food safety, FASFC
1 siteMachelen (Vl.Br.)2.003.186.887
Care and welfare
1 serviceBAYER
Legal Entity Identifier
529900ZG157ER80GDN56
Similar companies · same sector, comparable size
Of 106 companies in sector 20140 we hold annual accounts for 92. 2 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-07-1961
Fiscal year end31-12
Activities, NACEBEL 2025
20140Manufacture of chemicals and chemical products
46460Wholesale of pharmaceutical and medical goods
46851Wholesale of industrial chemicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0404754571
Also
9925:BE0404754571
Registered
30-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.