Financials
Financial year 2025
Den Baes from Tielt, company number BE0438893821, closed financial year 2025 with a result of € 555,108 after tax. For that financial year Den Baes recorded a gross margin of € 1.4 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 548,440 to € 555,108. Profitable, and profit is growing. 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 January 5, 2026.
€ 1.4 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 555,108
▲ 1% vs 2024
Profit after tax over the fiscal year.
€ 359,140
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
90 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
7.3
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 464,253
▲ 17% vs 2024
€ 63,600 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.
€ 207,194
▲ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 137,423
▼ 42% vs 2024
€ 84,725 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 290,769
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,743
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 956,276 | € 1,010,613 | € 1,219,050 | € 1,373,005 | ▲ 13% |
| Profit after taxes | € 297,251 | € 374,555 | € 548,440 | € 555,108 | ▲ 1% |
| Equity | € 2,101,875 | € 2,322,923 | € 1,320,080 | € 1,375,189 | ▲ 4% |
| Total debts | € 733,085 | € 907,463 | € 1,428,622 | € 996,571 | ▼ 30% |
| Cash | € 276,403 | € 282,078 | € 624,350 | € 359,140 | ▼ 42% |
| Land & buildings | € 179,318 | € 161,280 | € 134,754 | € 219,550 | ▲ 63% |
| Retained profit | € 2,076,875 | € 2,297,923 | € 1,295,080 | € 1,350,189 | ▲ 4% |
| Dividend | € 0 | € 153,507 | € 1,551,282 | € 500,000 | ▼ 68% |
| Bank debt | € 416,778 | € 341,945 | € 236,104 | € 137,423 | ▼ 42% |
| Balance sheet total | € 2,834,959 | € 3,230,386 | € 2,748,703 | € 2,371,760 | ▼ 14% |
| Employees (FTE) | 7.3 | 7.1 | 6.9 | 7.3 | ▲ 0.4 |
Key figures of Den Baes, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Den Baes?
What happened at Den Baes in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 555,108 (▲ 1% vs 2024). Source: NBB ↗
- LikaCon BV became a director. NBB
- Jony Den Baes BV became a director. NBB
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 297,251 profit in 2022 to € 555,108 profit in 2025.
Paid € 587,265 in corporate taxes since 2022.
Best year ever: 2025, with € 555,108 profit.
On average € 188,100 of value added per employee in 2025.
Management
Behind Den Baes are LikaCon BV, Jony Den Baes BV and Franky Den Baes.
Directors
According to the 2025 annual accounts
Director · represented by Jonas Den Baes
since 2024
Director · represented by Jony Den Baes
since 2024
Franky Den Baes
Director
Establishments
Establishment units
Physical locations of this company
Tenhovestraat 24
8700 Tielt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.893.821
- VAT number
- BE 0438.893.821
- Registered office
- Tenhovestraat 24, 8700 Tielt
- Names & denominations
- Den Baes
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 November 1989
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Vervaardiging van carrosserieën en aanhangwagens
Reparatie en onderhoud van producten van metaal
Verspanend bewerken van metalen
Detailhandel in onderdelen en accessoires van motorvoertuigen
Vervaardiging van niet-verspanende machines voor de metaalbewerking en van gereedschapswerktuigen voor metaalbewerking
Vervaardiging van overige gereedschapswerktuigen voor de metaalbewerking
Kleinhandel in onderdelen en accessoires van auto's
Algemene metaalbewerking