Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.6 to 2.3.
Financials
Financial year 2025
Etablissements Freddy Baines from Antwerpen, company number BE0404815048, closed financial year 2025 with a result of € 338,003 after tax. For that financial year Etablissements Freddy Baines recorded revenue of € 60.8 million and equity of € 2.4 million. Compared with financial year 2024, the result moved from € 485,072 to € 338,003. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 2.4 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 338,003
▼ 30% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▲ 117% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
30 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
2.3
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 194,653
▼ 4% vs 2024
€ 84,600 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.
€ 15,642
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.9 million
▲ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 5.7 million
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 35 days on average.
€ 47,845
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 47,347,862 | € 42,322,009 | € 54,942,881 | € 60,767,653 | ▲ 11% |
| Profit after taxes | € 389,130 | € 469,440 | € 485,072 | € 338,003 | ▼ 30% |
| Equity | € 1,200,616 | € 1,670,056 | € 2,155,128 | € 2,393,131 | ▲ 11% |
| Total debts | € 12,971,232 | € 8,916,062 | € 11,779,006 | € 13,056,167 | ▲ 11% |
| Cash | € 1,279,172 | € 1,410,692 | € 684,320 | € 1,486,773 | ▲ 117% |
| Land & buildings | - | € 1,373 | € 1,066 | € 759 | ▼ 29% |
| Retained profit | € -299,384 | € 170,056 | € 655,128 | € 893,131 | ▲ 36% |
| Dividend | € 0 | € 0 | € 0 | € 100,000 | |
| Bank debt | € 9,332,573 | € 5,924,272 | € 6,350,497 | € 6,880,311 | ▲ 8% |
| Balance sheet total | € 14,171,848 | € 10,586,118 | € 13,934,134 | € 15,449,297 | ▲ 11% |
| Employees (FTE) | 4.1 | 3.6 | 2.6 | 2.3 | ▼ 0.3 |
Key figures of Etablissements Freddy Baines, 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 Etablissements Freddy Baines?
What happened at Etablissements Freddy Baines in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Yves Verberght stepped down as director. NBB
- Jack Fréderic Jr. Baines stepped down as director. NBB
- The Leaders Ship BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 338,003 (▼ 30% vs 2024). Source: NBB ↗
- The Leaders Ship BV became a director. NBB
- Yves Verberght became a director. NBB
- Jack Fréderic Jr. Baines became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 389,130 profit in 2022 to € 338,003 profit in 2025.
Paid € 1,502 in corporate taxes since 2022.
Best year ever: 2024, with € 485,072 profit.
Paid out € 100,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2022 · until 2028
since 2024 · until 2028
Establishments
Establishment units
Physical locations of this company
Schermersstraat 30
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
flandersmilk.com
Registered
1999-05-20
Registrar
Combell NV
Expires
2026-05-20
Website info
Features
Security
Details
- Company number
- 0404.815.048
- VAT number
- BE 0404.815.048
- Registered office
- Schermersstraat 30, 2000 Antwerpen
- Names & denominations
- Etablissements Freddy Baines
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 1935
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- flandersmilk.com
- Activities · NACE
Groothandel in zuivelproducten en eieren
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