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 29 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
BASCO from Kortrijk, company number BE0439177495, closed financial year 2026 with a result of € 3.6 million after tax. For that financial year BASCO recorded a gross margin of € -35,264 and equity of € 12.2 million. Compared with financial year 2025, the result moved from € 599,712 to € 3.6 million. 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 October 1, 2026.
€ 12.2 million
▲ 41% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.6 million
▲ € 3 million vs 2025
Profit after tax over the fiscal year.
€ 31,542
▼ 11% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 10.8 million.
People and assets in 2026
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2026
€ 139,567
▼ 44% vs 2025
€ 109,600 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 8,949
▼ 11% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -2,249 | € -32,647 | € -36,706 | € -35,264 | ▲ € 1,441 |
| Profit after taxes | € -52,212 | € -3,093 | € 599,712 | € 3,585,412 | ▲ € 3 million |
| Equity | € 14,990,935 | € 12,564,140 | € 8,663,852 | € 12,249,264 | ▲ 41% |
| Total debts | € 1,542,625 | € 1,054,647 | € 5,365,483 | € 156,763 | ▼ 97% |
| Cash | € 15,314 | € 50,916 | € 35,398 | € 31,542 | ▼ 11% |
| Retained profit | € 13,565,935 | € 11,139,140 | € 7,238,852 | € 10,824,264 | ▲ 50% |
| Dividend | € 0 | € 2,423,702 | € 4,500,000 | € 0 | ▼ 100% |
| Bank debt | € 468,367 | € 358,767 | € 249,167 | € 139,567 | ▼ 44% |
| Balance sheet total | € 16,533,560 | € 13,618,788 | € 14,029,335 | € 12,406,027 | ▼ 12% |
Key figures of BASCO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to BASCO?
What happened at BASCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eddy Bayart stepped down as director. NBB
- ALPAMAX BV stepped down as director. NBB
- Mecoben BV stepped down as director. NBB
- Baya Invest BV stepped down as director. NBB
- Beatrijs Schurmans stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 3.6 million (▲ € 3 million vs 2025). Source: NBB ↗
- ALPAMAX BV became a director. NBB
- Eddy Bayart became a director. NBB
In short
From € 52,212 loss in 2023 to € 3.6 million profit in 2026.
Paid € 12,618 in corporate taxes since 2023.
Best year ever: 2026, with € 3.6 million profit.
Paid out € 6.9 million in dividends to the owners in total.
Management
The stake of BAYA INVEST, MECOBEN, VINCENT BAYART, ALPAMAX comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BASCOThe shares are held by BAYA INVEST (34.3%), MECOBEN (33.3%), VINCENT BAYART (33.3%) and ALPAMAX (33.3%). It owns 100% of Basco do Brasil administracao e participacoes ltda, 99.9% of Immo Basco and 8.5% of Cilo Itupeva itself.
Directors
According to the 2026 annual accounts
since 2024 · until 2029
since 2025 · until 2029
Managing director · represented by Benoit Bayart
Also active at: KORMETAL, YBAKOR, BAYART, IMMO BASCO
since 2024 · until 2029
since 2024 · until 2029
since 2024 · until 2029
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Oudenaardsesteenweg(Kor) 367
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.177.495
- VAT number
- BE 0439.177.495
- Registered office
- Oudenaardsesteenweg(Kor) 367, 8500 Kortrijk
- Names & denominations
- BASCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 1989
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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