Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BAXTER from Lessines, company number BE0403093693, closed financial year 2025 with a result of € 6.2 million after tax. For that financial year BAXTER recorded revenue of € 106.6 million and equity of € 83.8 million. Compared with financial year 2024, the result moved from € 17.1 million to € 6.2 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 83.8 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.2 million
▼ 64% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 76.2 million.
People and assets in 2025
901.3
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 71 million
▲ 2% vs 2024
€ 78,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14.8 million
▼ 4% vs 2024
Of which on lease € 14.7 million.
Debts at end 2025
€ 47.3 million
▼ 2% vs 2024
€ 2.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 17.8 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 216 days on average.
€ 10.2 million
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 101,969,002 | € 106,326,569 | € 104,211,056 | € 106,551,488 | ▲ 2% |
| Profit after taxes | € 12,448,988 | € 6,491,561 | € 17,093,666 | € 6,151,791 | ▼ 64% |
| Equity | € 66,962,231 | € 73,127,630 | € 77,928,001 | € 83,811,817 | ▲ 8% |
| Total debts | € 72,880,176 | € 76,178,740 | € 75,523,181 | € 75,216,665 | |
| Land & buildings | € 9,691,682 | € 9,993,995 | € 9,732,666 | € 9,735,265 | |
| Retained profit | € 58,489,423 | € 64,980,984 | € 70,064,525 | € 76,216,316 | ▲ 9% |
| Dividend | € 0 | € 0 | € 12,010,125 | € 0 | ▼ 100% |
| Bank debt | € 49,461,743 | € 49,594,418 | € 48,394,709 | € 47,305,064 | ▼ 2% |
| Balance sheet total | € 141,301,120 | € 150,841,854 | € 154,790,724 | € 159,990,639 | ▲ 3% |
| Employees (FTE) | 915.2 | 932.3 | 900.4 | 901.3 | ▲ 0.9 |
Key figures of BAXTER, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BAXTER?
What happened at BAXTER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Abdellah EL KACEM stepped down as director. NBB
- Annelies Bryon stepped down as director. NBB
- Serge Vandermotten stepped down as director. NBB
- Guy In't Ven stepped down as director. NBB
- Frédéric Yannart stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6.2 million (▼ 64% vs 2024). Source: NBB ↗
- Abdellah EL KACEM became a director. NBB
- Lionel ROSOUX stepped down as director. NBB
In short
From € 12.4 million profit in 2022 to € 6.2 million profit in 2025.
Paid € 3.2 million in corporate taxes since 2022.
Best year ever: 2024, with € 17.1 million profit.
Paid out € 12 million in dividends to the owners in total.
Management
It owns 100% of Baxter Medico Farmaceutica Lda, 100% of Baxter Belgium, 99% of Baxter Distribution Center Europe sa and 0.8% of Baxter Services Europe itself.
Directors
According to the 2025 annual accounts
Annelies Bryon
Managing director
Also active at: Baxter World Trade, BAXTER SERVICES EUROPE, BAXTER BELGIUM
since 2023 · until 2029
since 2025 · until 2031
Frédéric Yannart
Director
since 2021 · until 2027
Serge Vandermotten
Director
Also active at: Baxter R and D Europe, BAXTER DISTRIBUTION CENTER EUROPE
since 2023 · until 2029
since 2024 · until 2025
Guy In't Ven
Director
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Boulevard René Branquart(L) 80
7860 Lessines
Boulevard René Branquart(L) 80 box B1A
7860 Lessines
Active since 21 December 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Baxter R and D Europe same network
€ 58.8 million revenue · 2025
Baxter World Trade same network
€ 8 million revenue · 2025
Baxter Pension Fund Belgium
BAXTER SERVICES EUROPE same network
€ 10.7 million revenue · 2025
Baxter Formation et Entraide-Ouvriers
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.093.693
- VAT number
- BE 0403.093.693
- Registered office
- Boulevard René Branquart(L) 80, 7860 Lessines
- Names & denominations
- BAXTER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 30 Jan 2026
- Activities · NACE
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