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Baxter R and D Europe

Active
Private limited companyfounded 197947 yrs activeBoulevard René Branquart(L) 80, 7860 Lessines, BelgiumKBO/BCE: BE 0419.859.253
Summary

Baxter R and D Europe has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30.51M and a net result of €2.52M. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 191 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare
Baxter R and D EuropeActiveChecked score 72/100
Risk analysis Report Compare

Checked score

Score 2025
72 / 100
Healthy
Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-14
Solvency83▼-1
Growth45▼-16
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.23 against 2.93 in 2024; short-term debt: 32.9% and cash: 0% of total assets), and 42.1% of the assets are financed with debt.
Credit check for your own amount and term

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 date
Age against the risk zone
highest failure risk from 2 to 8 years 47 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
57.9%
Return on assets
4.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Scientific research and development (NACE 72)
about 30% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 filings
Deviation from the deadline
2025
23 d early
2024
21 d early
2023
22 d early
2022
21 d early
2021
17 d early
2020
23 d early
2019
82 d late
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€58.83M▲ 4.8%
2024 · €56.16M
2018: €62.52Mhighest in 8 years 2019: €54.94M▼ -12.1% vs 2018 2020: €46.73M▼ -14.9% vs 2019 2021: €42.53M▼ -9.0% vs 2020lowest in 8 years 2022: €47.21M▲ +11.0% vs 2021 2023: €52.65M▲ +11.5% vs 2022 2024: €56.16M▲ +6.7% vs 2023 2025: €58.83M▲ +4.8% vs 2024
2018 → 2025
EBIT margin
6.0%▲ 0.9pp
2024 · 5.1%
2018: 7.0% 2019: 3.1%▼ -55.3% vs 2018lowest in 8 years 2020: 7.5%▲ +141% vs 2019highest in 8 years 2021: 5.2%▼ -30.7% vs 2020 2022: 5.6%▲ +7.4% vs 2021 2023: 5.1%▼ -9.2% vs 2022 2024: 5.1%▼ -0.6% vs 2023 2025: 6.0%▲ +18.2% vs 2024
2018 → 2025
Net result
€2.52M▼ 77.6%
2024 · €11.25M
2018: €2.67M 2019: €424k▼ -84.1% vs 2018lowest in 8 years 2020: €2.36M▲ +456% vs 2019 2021: €1.82M▼ -22.7% vs 2020 2022: €1.99M▲ +8.9% vs 2021 2023: €5.95M▲ +200% vs 2022 2024: €11.25M▲ +89.1% vs 2023highest in 8 years 2025: €2.52M▼ -77.6% vs 2024
2018 → 2025
Working capital
€21.41M▼ 11.1%
2024 · €24.09M
2018: €4.30Mlowest in 8 years 2019: €12.31M▲ +186% vs 2018 2020: €10.21M▼ -17.1% vs 2019 2021: €8.40M▼ -17.7% vs 2020 2022: €11.87M▲ +41.4% vs 2021 2023: €18.06M▲ +52.1% vs 2022 2024: €24.09M▲ +33.4% vs 2023highest in 8 years 2025: €21.41M▼ -11.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€42.53M-€47.21M▲ 11.0%€52.65M▲ 11.5%€56.16M▲ 6.7%€58.83M▲ 4.8% 2021: €42.53Mlowest in 5 years 2022: €47.21M▲ +11.0% vs 2021 2023: €52.65M▲ +11.5% vs 2022 2024: €56.16M▲ +6.7% vs 2023 2025: €58.83M▲ +4.8% vs 2024highest in 5 years
Equity€20.27M-€22.26M▲ 9.8%€28.21M▲ 26.7%€28.00M▼ 0.7%€30.51M▲ 9.0% 2021: €20.27Mlowest in 5 years 2022: €22.26M▲ +9.8% vs 2021 2023: €28.21M▲ +26.7% vs 2022 2024: €28.00M▼ -0.7% vs 2023 2025: €30.51M▲ +9.0% vs 2024highest in 5 years
Operating result€2.22M-€2.65M▲ 19.3%€2.68M▲ 1.3%€2.84M▲ 6.0%€3.52M▲ 23.8% 2021: €2.22Mlowest in 5 years 2022: €2.65M▲ +19.3% vs 2021 2023: €2.68M▲ +1.3% vs 2022 2024: €2.84M▲ +6.0% vs 2023 2025: €3.52M▲ +23.8% vs 2024highest in 5 years
Net result€1.82M-€1.99M▲ 8.9%€5.95M▲ 200%€11.25M▲ 89.1%€2.52M▼ 77.6% 2021: €1.82Mlowest in 5 years 2022: €1.99M▲ +8.9% vs 2021 2023: €5.95M▲ +200% vs 2022 2024: €11.25M▲ +89.1% vs 2023highest in 5 years 2025: €2.52M▼ -77.6% vs 2024
Result per fiscal year
Operating resultNet result
€0€5.00M€10.00MOperating result 2021: €2.22M€2.22MNet result 2021: €1.82M€1.82MOperating result 2022: €2.65M€2.65MNet result 2022: €1.99M€1.99MOperating result 2023: €2.68M€2.68MNet result 2023: €5.95M€5.95MOperating result 2024: €2.84M€2.84MNet result 2024: €11.25M€11.25MOperating result 2025: €3.52M€3.52MNet result 2025: €2.52M€2.52M20212022202320242025€0€5M€10MOperating result 2023: €2.68M€2.7MNet result 2023: €5.95M€6MOperating result 2024: €2.84M€2.8MNet result 2024: €11.25M€11MOperating result 2025: €3.52M€3.5MNet result 2025: €2.52M€2.5M202320242025
The operating result has risen four years in a row; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52.72M
Fixed assets €13.97M ▲ 26.3%
Current assets €38.75M ▲ 5.9%
Equity and liabilities €52.72M
Equity €30.51M ▲ 9.0%
Provisions €4.87M ▲ 3.0%
Debt €17.34M ▲ 16.2%
Debt's share of the balance-sheet total rises from 31.3% to 32.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€4.94M▲
2024 · €4.20M
Cash flow
€3.94M▼
2024 · €12.61M
Current ratio
2.23▼
2024 · 2.93
Debt to equity
0.57▲
2024 · 0.53
ROE
8.3%▼
2024 · 40.2%
ROA
4.8%▼
2024 · 23.6%
Interest coverage
39.05▲
2024 · 38.39
Debt ≤ 1 year
€17.34M▲
2024 · €12.50M
Income taxes
€1.12M▲
2024 · €874k
Staff costs
€32.31M▲
2024 · €30.72M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 74 lines
Balance sheet Code20242025
Assets
Total assets20/58€47.65M€52.72M▲
Fixed assets21/28€11.06M€13.97M▲
Intangible fixed assets21€758k€538k▼
Tangible fixed assets22/27€10.30M€13.43M▲
Land and buildings22€0€0=
Plant, machinery and equipment23€8.72M€5.74M▼
Furniture and vehicles24€54k€30k▼
Other tangible fixed assets26€616k€513k▼
Assets under construction and advance payments27€919k€7.15M▲
Financial fixed assets28€0€0=
Affiliated companies280/1€0€0=
Participating interests280€0€0=
Current assets29/58€36.59M€38.75M▲
Amounts receivable after more than one year29€5.10M€0▼
Other amounts receivable291€5.10M€0▼
Amounts receivable within one year40/41€23.73M€27.65M▲
Trade receivables40€22.62M€21.52M▼
Other amounts receivable41€1.12M€6.13M▲
Current investments50/53€7.67M€11.09M▲
Other investments51/53€7.67M€11.09M▲
Cash at bank and in hand54/58€1k€850▼
Deferred charges and accrued income490/1€89k€19k▼
Equity and liabilities
Total equity and liabilities10/49€47.65M€52.72M▲
Equity10/15€28.00M€30.51M▲
Contributions10/11€2.54M€2.54M=
Reserves13€254k€254k=
Non-distributable reserves130/1€254k€254k=
Reserves not available under the articles1311€254k€254k=
Profit (loss) carried forward14€25.20M€27.72M▲
Provisions and deferred taxes16€4.73M€4.87M▲
Provisions for liabilities and charges160/5€4.73M€4.87M▲
Major repairs and maintenance162€800k€800k=
Other liabilities and charges164/5€3.93M€4.07M▲
Amounts payable17/49€14.93M€17.34M▲
Amounts payable within one year42/48€12.50M€17.34M▲
Trade debts44€6.62M€13.27M▲
Suppliers440/4€6.62M€13.27M▲
Taxes, remuneration and social security45€5.89M€4.07M▼
Taxes450/3€171k€410k▲
Remuneration and social security454/9€5.72M€3.66M▼
Accrued charges and deferred income492/3€2.42M€0▼
Income statement Code20242025
Operating income70/76A€61.25M€63.65M▲
Turnover70€56.16M€58.83M▲
Other operating income74€5.09M€4.82M▼
Operating charges60/66A€58.40M€60.13M▲
Services and other goods61€22.23M€23.82M▲
Remuneration, social security and pensions62€30.72M€32.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.36M€1.42M▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€3.91M€140k▼
Other operating charges640/8€182k€142k▼
Non-recurring operating charges66A€8k€2.29M▲
Operating profit (loss)9901€2.84M€3.52M▲
Financial income75/76B€9.44M€340k▼
Recurring financial income75€448k€340k▼
Income from financial fixed assets750€0€0=
Income from current assets751€412k€267k▼
Other financial income752/9€36k€73k▲
Non-recurring financial income76B€8.99M€0▼
Financial charges65/66B€160k€220k▲
Recurring financial charges65€160k€220k▲
Debt charges650€110k€127k▲
Other financial charges652/9€50k€93k▲
Non-recurring financial charges66B€0€0=
Profit (loss) for the period before taxes9903€12.13M€3.64M▼
Income taxes67/77€874k€1.12M▲
Taxes670/3€878k€1.12M▲
Tax adjustments and reversals of tax provisions77€3k€0▼
Profit (loss) for the period9904€11.25M€2.52M▼
Profit (loss) for the period to be appropriated9905€11.25M€2.52M▼
Appropriation of the result
Profit (loss) to be appropriated9906€36.66M€27.72M▼
Profit (loss) brought forward from the previous period14P€25.41M€25.20M▼
Profit to be distributed694/7€11.46M€0▼
Return on contributions (dividend)694€11.46M€0▼
Social balance
Average headcount (FTE)9087189.3178.3▼

The notes to these accounts (85 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A€49.14M€51.56M€57.97M€61.25M€63.65M▲ 3.9%
Turnover70€42.53M€47.21M€52.65M€56.16M€58.83M▲ 4.8%
Other operating income74€6.61M€4.36M€5.33M€5.09M€4.82M▼ 5.3%
Operating charges60/66A€46.92M€48.92M€55.29M€58.40M€60.13M▲ 3.0%
Services and other goods61€17.65M€19.64M€24.01M€22.23M€23.82M▲ 7.2%
Remuneration, social security and pensions62€30.00M€27.56M€29.58M€30.72M€32.31M▲ 5.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.47M€1.26M€1.22M€1.36M€1.42M▲ 4.4%
Provisions for liabilities and charges: additions (uses and reversals)635/8€-2.49M€81k€343k€3.91M€140k▼ 96.4%
Other operating charges640/8€166k€190k€134k€182k€142k▼ 22.1%
Non-recurring operating charges66A€132k€178k€0€8k€2.29M▲ 26,962%
Operating profit (loss)9901€2.22M€2.65M€2.68M€2.84M€3.52M▲ 23.8%
Financial income75/76B€940k€74k€4.26M€9.44M€340k▼ 96.4%
Recurring financial income75€940k€74k€4.26M€448k€340k▼ 24.2%
Income from financial fixed assets750€876k€0€3.82M€0€0-
Income from current assets751-€19k€406k€412k€267k▼ 35.3%
Other financial income752/9€64k€55k€33k€36k€73k▲ 102%
Non-recurring financial income76B---€8.99M€0▼ 100%
Financial charges65/66B€131k€144k€127k€160k€220k▲ 37.6%
Recurring financial charges65€131k€144k€127k€160k€220k▲ 37.6%
Debt charges650€100k€77k€68k€110k€127k▲ 15.6%
Other financial charges652/9€31k€67k€59k€50k€93k▲ 85.6%
Non-recurring financial charges66B---€0€0-
Profit (loss) for the period before taxes9903€3.03M€2.58M€6.82M€12.13M€3.64M▼ 70.0%
Income taxes67/77€1.20M€591k€868k€874k€1.12M▲ 28.2%
Taxes670/3€1.20M€797k€868k€878k€1.12M▲ 27.8%
Tax adjustments and reversals of tax provisions77-€205k-€3k€0▼ 100%
Profit (loss) for the period9904€1.82M€1.99M€5.95M€11.25M€2.52M▼ 77.6%
Profit (loss) for the period to be appropriated9905€1.82M€1.99M€5.95M€11.25M€2.52M▼ 77.6%
Line20212022202320242025Change
Assets
Total assets20/58€35.17M€38.52M€46.41M€47.65M€52.72M▲ 10.6%
Fixed assets21/28€12.27M€13.29M€13.39M€11.06M€13.97M▲ 26.3%
Intangible fixed assets21€697k€565k€938k€758k€538k▼ 29.1%
Tangible fixed assets22/27€9.11M€10.26M€9.99M€10.30M€13.43M▲ 30.4%
Land and buildings22€0€0€0€0€0-
Plant, machinery and equipment23€7.69M€7.19M€7.82M€8.72M€5.74M▼ 34.1%
Furniture and vehicles24€160k€115k€107k€54k€30k▼ 43.8%
Other tangible fixed assets26€469k€490k€718k€616k€513k▼ 16.6%
Assets under construction and advance payments27€789k€2.46M€1.35M€919k€7.15M▲ 678%
Financial fixed assets28€2.47M€2.47M€2.47M€0€0-
Affiliated companies280/1€2.47M€2.47M€2.47M€0€0-
Participating interests280€2.47M€2.47M€2.47M€0€0-
Current assets29/58€22.89M€25.23M€33.02M€36.59M€38.75M▲ 5.9%
Amounts receivable after more than one year29--€5.12M€5.10M€0▼ 100%
Other amounts receivable291--€5.12M€5.10M€0▼ 100%
Amounts receivable within one year40/41€18.73M€14.80M€24.74M€23.73M€27.65M▲ 16.5%
Trade receivables40€17.94M€13.37M€24.22M€22.62M€21.52M▼ 4.9%
Other amounts receivable41€789k€1.42M€519k€1.12M€6.13M▲ 449%
Current investments50/53€3.61M€10.03M€3.04M€7.67M€11.09M▲ 44.5%
Other investments51/53€3.61M€10.03M€3.04M€7.67M€11.09M▲ 44.5%
Cash at bank and in hand54/58€598€0€815€1k€850▼ 36.2%
Deferred charges and accrued income490/1€556k€403k€123k€89k€19k▼ 78.8%
Equity and liabilities
Total equity and liabilities10/49€35.17M€38.52M€46.41M€47.65M€52.72M▲ 10.6%
Equity10/15€20.27M€22.26M€28.21M€28.00M€30.51M▲ 9.0%
Contributions10/11€2.54M€2.54M€2.54M€2.54M€2.54M=
Reserves13€254k€254k€254k€254k€254k=
Non-distributable reserves130/1€254k€254k€254k€254k€254k=
Reserves not available under the articles1311€254k€254k€254k€254k€254k=
Profit (loss) carried forward14€17.47M€19.46M€25.41M€25.20M€27.72M▲ 10.0%
Provisions and deferred taxes16€399k€480k€823k€4.73M€4.87M▲ 3.0%
Provisions for liabilities and charges160/5€399k€480k€823k€4.73M€4.87M▲ 3.0%
Pensions and similar obligations160€14k€0----
Major repairs and maintenance162€320k€480k€640k€800k€800k=
Other liabilities and charges164/5€66k€0€183k€3.93M€4.07M▲ 3.6%
Amounts payable17/49€14.50M€15.78M€17.38M€14.93M€17.34M▲ 16.2%
Amounts payable within one year42/48€14.50M€13.36M€14.96M€12.50M€17.34M▲ 38.7%
Trade debts44€7.53M€7.60M€7.66M€6.62M€13.27M▲ 101%
Suppliers440/4€7.53M€7.60M€7.66M€6.62M€13.27M▲ 101%
Taxes, remuneration and social security45€6.97M€5.76M€7.30M€5.89M€4.07M▼ 30.9%
Taxes450/3€2.07M€1.10M€1.22M€171k€410k▲ 141%
Remuneration and social security454/9€4.90M€4.66M€6.08M€5.72M€3.66M▼ 36.0%
Accrued charges and deferred income492/3-€2.42M€2.42M€2.42M€0▼ 100%
Line20212022202320242025Change
Profit (loss) for the period9904€1.82M€1.99M€5.95M€11.25M€2.52M▼ 77.6%
+ Depreciation and write-downs630€1.47M€1.26M€1.22M€1.36M€1.42M▲ 4.4%
Operating cash flow (approximation)€3.29M€3.25M€7.17M€12.61M€3.94M▼ 68.8%
Investment in fixed assets (approximation)-€-2.28M€-1.33M€969k€-4.33M▼ 547%
Change in cash-€-598€815€517€-482▼ 193%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
08-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
10-07
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial Highest result since 2018net €11.25M ▲89.1%
Net result €11.25M, the highest in the series.
17-09
State Gazette act Reappointment: PwC Reviseurs d'Entreprises SRL (statutory auditor)
Permanent representative: Romain Seffer · Representative4 facts ▸
  • General meeting, 24-06-2024
  • Auditor reappointment, PwC Reviseurs d'Entreprises SRL
  • Permanent representative, Romain Seffer
  • Representative, Romain Seffer SRL
09-07
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema
08-07
State Gazette act Resignation: Herman Jacobs (director)
6 facts ▸
  • General meeting, 24-05-2024
  • Director resignation, Herman Jacobs (director)
  • Board composition, Bruno Remacle (director)
  • Board composition, Eric Henaut (director)
  • Board composition, Guy In 't Ven (director)
  • Board composition, Serge Vandermotten (director)
2023
31-12
Financial Equity above €25MEq €28.21M ▲26.7%
6 profitable years in a row build equity to €28.21M.
28-07
State Gazette act Appointment: Serge Vandermotten (director)
Mandate compensation · Power of attorney9 facts ▸
  • General meeting, 26-06-2023
  • Director appointment, Serge Vandermotten (director)
  • Mandate compensation, BAXTER R & D EUROPE
  • Board composition, Herman Jacobs (director)
  • Board composition, Bruno Remacle (director)
  • Board composition, Eric Henaut (director)
  • Board composition, Guy In 't Ven (director)
  • Board composition, Serge Vandermotten (director)
  • Power of attorney, Corpoconsult Srl
10-07
NBB filing Annual accounts filed
fiscal year 2022 · unclassified schema
2022
14-07
NBB filing Annual accounts filed
fiscal year 2021 · unclassified schema
07-04
State Gazette act Resignation: Bruno Remacle (gestion journalière et représentation)
Appointment: Guy In 't Ven (gestion journalière et représentation)3 facts ▸
  • Board meeting, 14-02-2022
  • Director resignation, Bruno Remacle (gestion journalière et représentation)
  • Director appointment, Guy In 't Ven (gestion journalière et représentation)
2021
22-12
State Gazette act Resignation: Frédéric Hoffmann (director)
Appointment: Guy In 't Ven (director) · Mandate compensation8 facts ▸
  • General meeting, 02-12-2021
  • Director resignation, Frédéric Hoffmann (director)
  • Director appointment, Guy In 't Ven (director)
  • Board composition, Bruno Remacle (director)
  • Board composition, Herman Jacobs (director)
  • Board composition, Eric Henaut (director)
  • Board composition, Guy In 't Ven (director)
  • Mandate compensation, BAXTER R & D EUROPE
Show earlier events
21-09
State Gazette act Reappointment: PWC Reviseurs d'Entreprises (statutory auditor)
Permanent representative: Romain Seffer3 facts ▸
  • General meeting, 28-06-2021
  • Auditor reappointment, PWC Reviseurs d'Entreprises
  • Permanent representative, Romain Seffer
24-08
State Gazette act Statutes amendment · Legal-form change · Resignations & appointments
Legal-form conversion · Capital · Reserve release6 facts ▸
  • General meeting, 15-06-2021
  • Legal-form conversion, Société privée à responsabilité limitée -> Société à responsabilité limitée (SRL)
  • Capital, €2.543.558
  • Reserve release, réserves légales converties en compte de capitaux propres statutairement indisponible puis placées sur un compte de capitaux propres disponible
  • Statutes amendment
  • Shares, 3420
08-07
NBB filing Annual accounts filed
fiscal year 2020 · unclassified schema
12-05
State Gazette act Resignations: Giuseppe Spatola (director) and Bhevan Chandrasena (director)
Mandate compensation8 facts ▸
  • General meeting, 15-03-2021
  • Director resignation, Giuseppe Spatola (director)
  • Director resignation, Bhevan Chandrasena (director)
  • Board composition, Frédéric Hoffmann (director)
  • Board composition, Bruno Remacle (director)
  • Board composition, Herman Jacobs (director)
  • Board composition, Eric Henaut (director)
  • Mandate compensation, BAXTER R & D EUROPE
03-02
State Gazette act Permanent representative: Romain Seffer
2 facts ▸
  • General meeting, 10-12-2020
  • Permanent representative, Romain Seffer
2020
21-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 82 days late
16-04
State Gazette act Resignation: Olivier Dahlem (director)
Appointments: Herman Jacobs (director) and Eric Henaut (director) · Mandate compensation11 facts ▸
  • General meeting, 06-02-2020
  • Director resignation, Olivier Dahlem (director)
  • Director appointment, Herman Jacobs (director)
  • Director appointment, Eric Henaut (director)
  • Board composition, Frédéric Hoffmann (director)
  • Board composition, Giuseppe Spatola (director)
  • Board composition, Bhevan Chandrasena (director)
  • Board composition, Bruno Remacle (director)
  • Board composition, Herman Jacobs (director)
  • Board composition, Eric Henaut (director)
  • Mandate compensation, BAXTER R & D EUROPE
15-04
State Gazette act Resignation: Olivier Dahlem (director)
Appointments: Herman Jacobs (director) and Eric Henaut (director) · Mandate compensation11 facts ▸
  • General meeting, 06-02-2020
  • Director resignation, Olivier Dahlem (director)
  • Director appointment, Herman Jacobs (director)
  • Director appointment, Eric Henaut (director)
  • Board composition, Frédéric Hoffmann (director)
  • Board composition, Giuseppe Spatola (director)
  • Board composition, Bhevan Chandrasena (director)
  • Board composition, Bruno Remacle (director)
  • Board composition, Herman Jacobs (director)
  • Board composition, Eric Henaut (director)
  • Mandate compensation, BAXTERR&DEUROPE
2019
31-12
Financial Weakest financial yearnet €424k ▼84.1%
Net result drops to €424k, the lowest in the series; recovery starts the following year.
02-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
11-06
State Gazette act Assemblee Generale
Statutes amendment2 facts ▸
  • General meeting, 23-05-2019
  • Statutes amendment
2018
01-08
State Gazette act Reappointment: PricewaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)
2 facts ▸
  • General meeting, 07-06-2018
  • Auditor reappointment, PricewaterhouseCoopers Reviseurs d'Entreprises
19-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
09-03
State Gazette act Resignation: Sabine Leclercq (manager)
Appointment: Bruno Remacle (manager) · Mandate compensation · Power of attorney12 facts ▸
  • General meeting, 10-02-2017
  • Director resignation, Sabine Leclercq (manager)
  • Director appointment, Bruno Remacle (manager)
  • Board composition, Olivier Dahlem (manager)
  • Board composition, Frédéric Hoffmann (manager)
  • Board composition, Giuseppe Spatola (manager)
  • Board composition, Bhevan Chandrasena (manager)
  • Board composition, Bruno Remacle (manager)
  • Mandate compensation, BAXTER R AND D EUROPE
  • Board meeting, 10-02-2017
  • Power of attorney, Sabine Leclercq
  • Power of attorney, Bruno Remacle
2016
20-05
State Gazette act Resignation: Philippe Lodomez (manager)
Appointments: Giuseppe Spatola (manager) and Bhevan Chandrasèna (manager)9 facts ▸
  • General meeting, 15/03/2016
  • Director resignation, Philippe Lodomez (manager)
  • Director appointment, Giuseppe Spatola (manager)
  • Director appointment, Bhevan Chandrasèna (manager)
  • Board composition, Olivier Dahlem (manager)
  • Board composition, Sabine Leclerca (manager)
  • Board composition, Frédéric Hoffmann (manager)
  • Board composition, Giuseppe Spatola (manager)
  • Board composition, Bhevan Chandrasèna (manager)
2015
15-07
State Gazette act Reappointment: PricewaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)
Resignation: Damien BAILLY (manager) · Appointment: Frédéric HOFFMANN (manager)8 facts ▸
  • General meeting, 04-06-2015
  • Auditor reappointment, PricewaterhouseCoopers Reviseurs d'Entreprises
  • Director resignation, Damien BAILLY (manager)
  • Director appointment, Frédéric HOFFMANN (manager)
  • Board composition, Olivier Dahlem (manager)
  • Board composition, Philippe Lodomez (manager)
  • Board composition, Sabine Leclercq (manager)
  • Board composition, Frédéric HOFFMANN (manager)
21-05
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital4 facts ▸
  • General meeting, 24-04-2015
  • Capital increase, €2.467.699
  • Capital, €2.543.558
  • Statutes amendment
2014
23-09
State Gazette act Resignation: Olivier Dahlem (délégué à la gestion journalière et de représentation)
Appointment: Sabine Leclercq (déléguée à la gestion journalière et de représentation)3 facts ▸
  • Board meeting, 25-07-2014
  • Director resignation, Olivier Dahlem (délégué à la gestion journalière et de représentation)
  • Director appointment, Sabine Leclercq (déléguée à la gestion journalière et de représentation)
2013
27-12
State Gazette act Miscellaneous
Address change2 facts ▸
  • Board meeting, 29-11-2013
  • Address change, 23-01-2012
14-02
State Gazette act Resignation: Geneviève Krack (manager)
Appointment: Sabine Leclercq (manager) · Mandate term · Mandate compensation9 facts ▸
  • Shareholder decision, 30-11-2012
  • Director resignation, Geneviève Krack (manager)
  • Director appointment, Sabine Leclercq (manager)
  • Mandate term, until the ordinary general meeting of 2017 deliberating on the accounts closed on 1 December 2016
  • Mandate compensation, Sabine Leclercq
  • Board composition, Damien Bailly (manager)
  • Board composition, Philippe Lodomez (manager)
  • Board composition, Olivier Dahlem (manager)
  • Board composition, Sabine Leclercq (manager)
2012
10-09
State Gazette act Reappointment: PricewaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)
2 facts ▸
  • General meeting, 07-06-2012
  • Auditor reappointment, PricewaterhouseCoopers Reviseurs d'Entreprises
28-02
State Gazette act Resignation: Bernhard Kutscher (manager)
Appointment: Olivier Dahlem (manager) · Mandate compensation · Power of attorney10 facts ▸
  • General meeting, 16-01-2012
  • Director resignation, Bernhard Kutscher (manager)
  • Director appointment, Olivier Dahlem (manager)
  • Mandate compensation, Olivier Dahlem
  • Board composition, Geneviève Krack (manager)
  • Board composition, Damien Bailly (manager)
  • Board composition, Philippe Lodomez (manager)
  • Board composition, Olivier Dahlem (manager)
  • Board meeting, 16-01-2012
  • Power of attorney, Olivier Dahlem
02-02
State Gazette act Resignations: KUTSCHER Bernhard, KRACK Geneviève and 2 others
Appointments: KUTSCHER Bernhard, KRACK Geneviève and 2 others · Reappointment: PRICEWATERHOUSECOOPERS REVISEURS D'ENTREPRISES (statutory auditor) · Legal-form conversion16 facts ▸
  • General meeting, 25-11-2011
  • Legal-form conversion, Société coopérative à responsabilité limitée -> Société privée à responsabilité limitée
  • Capital, €75.859
  • Director resignation, KUTSCHER Bernhard (director)
  • Director resignation, KRACK Geneviève (director)
  • Director resignation, BAILEY Damien (director)
  • Director resignation, LODOMEZ Philippe (director)
  • Director appointment, KUTSCHER Bernhard (manager)
  • Director appointment, KRACK Geneviève (manager)
  • Director appointment, BAILEY Damien (manager)
  • Director appointment, LODOMEZ Philippe (manager)
  • Auditor reappointment, PRICEWATERHOUSECOOPERS REVISEURS D'ENTREPRISES (statutory auditor)
  • +4 further facts in this act
03-01
State Gazette act Permanent representative: Emeric Seeuws
2 facts ▸
  • General meeting, 15-11-2011
  • Permanent representative, Emeric Seeuws
03-01
State Gazette act Resignations & appointments
Power of attorney3 facts ▸
  • Board meeting, 22-11-2011
  • Power of attorney, Jean-Michel Heusdens
  • Power of attorney, Philippe Lodomez
2011
10-08
State Gazette act Reappointments: Bernhard Kutscher (director) and Geneviève Krack (director)
7 facts ▸
  • General meeting, 06-06-2011
  • Director reappointment, Bernhard Kutscher (director)
  • Director reappointment, Geneviève Krack (director)
  • Board composition, Bernhard Kutscher (managing director)
  • Board composition, Geneviève Krack (director)
  • Board composition, Damien Bailly (director)
  • Board composition, Philippe Lodomez (director)
10-08
State Gazette act Resignation: BAXTER R AND D EUROPE (director)
Statutes amendment3 facts ▸
  • Board meeting, 06-05-2011
  • Director resignation, BAXTER R AND D EUROPE (director)
  • Statutes amendment
14-03
State Gazette act Permanent representative: Philippe Lodomez
Permanent representative mission3 facts ▸
  • Board meeting, 07-02-2011
  • Permanent representative, Philippe Lodomez
  • Permanent representative mission, exécution de la mission de membre et d'administrateur du groupe A de l'OFP Baxter Pension Fund Belgium au nom et pour le compte de Baxter R&D Europe Scrl
25-02
State Gazette act Resignations & appointments
Power of attorney3 facts ▸
  • Board meeting, 31-01-2011
  • Power of attorney, Giuseppa Di Benedetto
  • Power of attorney, Mario Costalunga
23-02
State Gazette act Resignations: Christian De Vos (director) and Mario Costalunga (director)
Appointments: Damien Bailly (director) and Philippe Lodomez (director) · Mandate compensation11 facts ▸
  • General meeting, 31-01-2011
  • Director resignation, Christian De Vos (director)
  • Director resignation, Mario Costalunga (director)
  • Director appointment, Damien Bailly (director)
  • Mandate compensation, Damien Bailly
  • Director appointment, Philippe Lodomez (director)
  • Mandate compensation, Philippe Lodomez
  • Board composition, Bernhard Kutscher (managing director)
  • Board composition, Geneviève Krack (director)
  • Board composition, Damien Bailly (director)
  • Board composition, Philippe Lodomez (director)
2010
31-08
State Gazette act Permanent representative: Alexis Van Bavel
2 facts ▸
  • General meeting, 03-06-2010
  • Permanent representative, Alexis Van Bavel
2008
15-07
State Gazette act Capital & shares · Statutes amendment
Capital decrease · Capital6 facts ▸
  • General meeting, 24-06-2008
  • Capital decrease, €446.228,57
  • Capital, €74.371,43
  • Statutes amendment
  • Capital
  • Capital
2007
26-02
State Gazette act Reappointments: Bernhard Kutscher, Christian De Vos and 3 others
Permanent representative: Gisèle Vandeweerd · Mandate compensation · Approval14 facts ▸
  • General meeting, 01-06-2006
  • Director reappointment, Bernhard Kutscher (director)
  • Director reappointment, Christian De Vos (director)
  • Director reappointment, Maxime Bataille (director)
  • Director reappointment, Vinciane Verbiest (director)
  • Board composition, Bernhard Kutscher (managing director)
  • Board composition, Christian De Vos (director)
  • Board composition, Vinciane Verbiest (director)
  • Board composition, Maxime Bataille (director)
  • Mandate compensation, BAXTER R AND D EUROPE
  • Auditor reappointment, SCCRL PricewaterhouseCoopers Reviseurs d'Entreprises
  • Permanent representative, Gisèle Vandeweerd
  • +2 further facts in this act
2006
10-04
State Gazette act Capital & shares · Purpose · Statutes amendment
Capital3 facts ▸
  • General meeting, 06-03-2006
  • Capital, €520.600
  • Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
34 of 34 acts read

Directors · office · real estate

Directors
6 directors, no change since 2024
Serge Vandermotten
Director · since 15-07-2023
Current
Guy In 't Ven
Gestion journalière et représentation · since 01-01-2022
Current
Eric Henaut
Director · since 30-11-2019
Not recently confirmed
BAILEY Damien
Manager · since 25-11-2011
Not recently confirmed
Maxime Bataille
Director · since 01-06-2006
Not recently confirmed
Vinciane Verbiest
Director · since 01-06-2006
Not recently confirmed
31-05-2024 Herman Jacobs: Resigned as Director
15-07-2023 Serge Vandermotten: Appointed as Director
15-02-2022 Guy In 't Ven: Appointed as Gestion journalière et représentation
15-02-2022 Bruno Remacle: Resigned as Gestion journalière et représentation
01-01-2022 Guy In 't Ven: Appointed as Director
Full history in the Timeline (43 changes) →
Location & real-estate footprint
Registered office, Lessines · 2 establishment units since 1979
seat establishment 1 of 2 establishment units on the map
Ground area
9.3 ha
Building footprint
4.0 ha
Volume, LiDAR
68,672 m³
Parcel 55023C0872/00Y000, Wallonia · tallest building 15.5 m. Linked by address, not a title deed.
2 establishment units
BAXTER R AND D EUROPE
Boulevard René Branquart(L) 80, 7860 LessinesNACE 73100
since 19792.016.879.329
BAXTER R AND D EUROPE
Boulevard d'Angleterre 2-4, 1420 Braine-l'AlleudNACE 73100
since 19792.016.879.230
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55023C0872/00Y000 Wallonia 9.3 ha 1 · 4.0 ha 15.5 m
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
PwC Réviseurs d'Entreprises SRLCurrent
Auditor · represented by Romain Seffer
01-06-2006 → present

Articles of association

Purpose
La promotion des intérêts techniques, scientifiques et économiques des coopérateurs notamment par : l'étude technique et scientifique, la recherche appliquée, le développement et…
Full purpose

La promotion des intérêts techniques, scientifiques et économiques des coopérateurs notamment par : l'étude technique et scientifique, la recherche appliquée, le développement et la mise au point de produits en vue de leur adaptation aux conditions des divers marchés, l'amélioration des techniques de production, toute forme d'études et de prestations généralement quelconques préalables à l'introduction de produits sur le marché. La société peut s'intéresser par toute voie dans toutes affaires, entreprises ou sociétés ayant un objet analogue, similaire ou connexe ou qui sont de nature à favoriser le développement de ses activités.

according to the deed of 24-08-2021

Structure & network

Connections & network

5 connected companies
Depth
BAXALTA BELGIUM MANUFACTURING, 2 shared directors BBBAXALTA BELGIUMMANUFACTURINGBAXTER, 2 shared directors BBAXTERBaxter World Trade, 2 shared directors BWBaxter WorldTradeViVeB Consulting, Shared director VCViVeBConsultingYOUTHSTART BELGIUM, Shared director YBYOUTHSTARTBELGIUMBaxter R and D Europe Baxter R andD Europe0419.859.253
Shared directors
This company Company Director Shareholding Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
BAXTER
Shared director
→
Baxter World Trade
Shared director
→
ViVeB Consulting
Shared director
→
Show 1 more companies with a shared director
YOUTHSTART BELGIUM
Shared director
→

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1
Baxter Pension Fund Belgium

Capital and shareholders

Capital over the years
  1. 24-08-2021 Capital stated in the act · 2,543,558 EUR
  2. 21-05-2015 Capital increase of 2,467,699 EUR · to 2,543,558 EUR · 3,318 new shares
  3. 02-02-2012 Capital stated in the act · 75,859 EUR · 102 shares
  4. 15-07-2008 Capital reduction of 446,228.57 EUR · to 74,371.43 EUR
  5. 10-04-2006 Capital stated in the act · 520,600 EUR · 700 shares

Public money · subsidies and aid

European research

1 project
Programmes
Horizon Europe
1 entry
Projects
Propelling the shift toward the future of circular, safe and sustainable packaging and single use device ecoDesigned solutions through healthcare environments
Horizon Europe · participant · 01-01-2025 to 31-12-2028 · ENKORE

Recognitions · licences · registrations

Legal Entity Identifier

9845009D613CLG5F4D26
live in the LEI register

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Of 1,177 companies in sector 72109 we hold annual accounts for 716. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded15-08-1979
Fiscal year end31-12
Activities, NACEBEL 2025
72101Research and development on biotechnology
72109Other research and development on natural sciences

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