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 52 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 31.8 to 12.
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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 World Trade from Lessines, company number BE0426694684, closed financial year 2025 with a result of € 19.8 million after tax. For that financial year Baxter World Trade recorded revenue of € 8 million and equity of € 1.1 billion. Compared with financial year 2024, the result moved from € 194.3 million to € 19.8 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 1.1 billion
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19.8 million
▼ 90% vs 2024
Profit after tax over the fiscal year.
€ 233 million
▼ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 471 million.
People and assets in 2025
12
▼ 5.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▼ 52% vs 2024
€ 267,100 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.
€ 4,646
▼ 62% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 billion
▼ 46% vs 2024
Loans from banks and other lenders, long and short.
€ 3.2 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 277 days on average.
€ 1.7 million
▲ 125% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,158,912 | € 17,988,375 | € 9,578,202 | € 8,028,146 | ▼ 16% |
| Profit after taxes | € 16,730,049 | € 98,034,362 | € 194,300,976 | € 19,808,645 | ▼ 90% |
| Equity | € 217,019,995 | € 748,910,992 | € 1,451,311,950 | € 1,062,011,884 | ▼ 27% |
| Total debts | € 3,451,655,941 | € 3,332,714,461 | € 2,147,408,986 | € 1,163,324,067 | ▼ 46% |
| Cash | € 177,167,025 | € 179,901,501 | € 292,739,739 | € 232,972,789 | ▼ 20% |
| Retained profit | € 158,891,379 | € 256,925,741 | € 451,226,717 | € 471,035,362 | ▲ 4% |
| Bank debt | € 3,442,375,968 | € 3,292,733,737 | € 2,139,017,093 | € 1,157,091,621 | ▼ 46% |
| Balance sheet total | € 3,668,675,936 | € 4,083,930,815 | € 3,598,720,936 | € 2,225,560,015 | ▼ 38% |
| Employees (FTE) | 33.2 | 31.8 | 17.9 | 12 | ▼ 5.9 |
Key figures of Baxter World Trade, 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 World Trade?
What happened at Baxter World Trade in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19.8 million (▼ 90% vs 2024). Source: NBB ↗
- Isabelle Allouch became a director. NBB
- Annelies Bryon became a director. NBB
- Guy In't Ven became a director. NBB
- Serge Vandermotten became a director. NBB
- New establishment in Braine-l'Alleud. KBO
- Finola O'Boyle became a director. NBB
- New establishment in Lessines. KBO
In short
From € 16.7 million profit in 2022 to € 19.8 million profit in 2025.
Paid € 4 million in corporate taxes since 2022.
Best year ever: 2024, with € 194.3 million profit.
Management
Behind Baxter World Trade are Annelies Bryon, Guy In't Ven, Isabelle Allouch, Serge Vandermotten and Finola O'Boyle. It owns 100% of Baxter Finance Holdings Limited itself.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Isabelle Allouch
Director
Also active at: BAXTER SERVICES EUROPE, BAXTER DISTRIBUTION CENTER EUROPE, ACTS OF AUTONOMY - Coaching & HR Consulting
since 2024
since 2023
Finola O'Boyle
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Boulevard René Branquart(L) 80
7860 Lessines
Boulevard d'Angleterre 2-4
1420 Braine-l'Alleud
Active since 26 March 2010
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 same network
€ 106.6 million revenue · 2025
Baxter R and D Europe same network
€ 58.8 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
- 0426.694.684
- VAT number
- BE 0426.694.684
- Registered office
- Boulevard René Branquart(L) 80, 7860 Lessines
- Names & denominations
- Baxter World Trade
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 1984
- Peppol
- Active · Active since 30 Jan 2026
- Activities · NACE
Activiteiten van hoofdkantoren
Coördinatiecentra
Overige financiële dienstverlening, neg
Overige rechtskundige dienstverlening