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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Shrinking team NBB
FTE fell two years in a row, from 86 to 40.3.
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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 SERVICES EUROPE from Lessines, company number BE0444648295, closed financial year 2025 with a result of € 487,820 after tax. For that financial year BAXTER SERVICES EUROPE recorded revenue of € 10.7 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 714,855 to € 487,820. The company is profitable. The buffer shrank hard: equity is 82 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 2.7 million
▼ 82% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 487,820
▼ 32% vs 2024
Profit after tax over the fiscal year.
€ 13 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
40.3
▼ 13.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.1 million
▼ 46% vs 2024
€ 177,200 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.
Debts at end 2025
€ 254,743
▼ 74% vs 2024
Loans from banks and other lenders, long and short.
€ 3.5 million
▲ € 2.8 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 414 days on average.
€ 920,139
▼ 19% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 24,514,506 | € 28,639,676 | € 14,214,403 | € 10,658,378 | ▼ 25% |
| Profit after taxes | € 599,539 | € 906,551 | € 714,855 | € 487,820 | ▼ 32% |
| Equity | € 13,547,998 | € 14,454,549 | € 15,169,404 | € 2,657,224 | ▼ 82% |
| Total debts | € 8,498,260 | € 7,895,513 | € 2,816,070 | € 17,708,545 | ▲ € 14.9 million |
| Cash | € 232 | - | - | - | |
| Retained profit | € 13,485,998 | € 14,392,549 | € 15,107,404 | € 2,595,224 | ▼ 83% |
| Dividend | € 0 | € 0 | € 0 | € 13,000,000 | |
| Bank debt | € 2,360,867 | € 1,096,556 | € 978,867 | € 254,743 | ▼ 74% |
| Balance sheet total | € 23,620,564 | € 26,926,061 | € 18,247,052 | € 20,497,430 | ▲ 12% |
| Employees (FTE) | 97 | 86 | 54.1 | 40.3 | ▼ 13.8 |
Key figures of BAXTER SERVICES EUROPE, 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 SERVICES EUROPE?
What happened at BAXTER SERVICES EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Isabelle Allouch 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
- New annual accounts for financial year 2025: profit of € 487,820 (▼ 32% vs 2024). Source: NBB ↗
- Isabelle Allouch became a director. NBB
- Annelies Bryon became a director. NBB
- Serge Vandermotten became a director. NBB
In short
From € 599,539 profit in 2022 to € 487,820 profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 906,551 profit.
Paid out € 13 million in dividends to the owners in total.
Management
The stake of BAXTER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAXTER SERVICES EUROPEThe shares are held by BAXTER (0.8%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Isabelle Allouch
Director
Also active at: Baxter World Trade, BAXTER DISTRIBUTION CENTER EUROPE, ACTS OF AUTONOMY - Coaching & HR Consulting
since 2024 · until 2030
since 2023 · until 2029
since 2023 · until 2029
Shareholders
0.8%
Participations
No participations in other companies reported.
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 1 January 2004
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
€ 58.8 million revenue · 2025
Baxter World Trade same network
€ 8 million revenue · 2025
Baxter Pension Fund Belgium
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
- 0444.648.295
- VAT number
- BE 0444.648.295
- Registered office
- Boulevard René Branquart(L) 80, 7860 Lessines
- Names & denominations
- BAXTER SERVICES EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1991
- Peppol
- Active · Active since 30 Jan 2026
- Activities · NACE
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige activiteiten i .v.m. administratie, n.e.g.
Overige zakelijke dienstverlening, neg
Overige zakelijke dienstverlening, n.e.g.
Diverse administratieve activiteiten ten behoeve van kantoren