Financials
Financial year 2025
BAYART from Kortrijk, company number BE0451790663, closed financial year 2025 with a result of € 670,431 after tax. For that financial year BAYART recorded a gross margin of € 3.3 million and equity of € 3.2 million. Compared with financial year 2024, the result moved from € 442,368 to € 670,431. 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 July 30, 2026.
€ 3.2 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 670,431
▲ 52% vs 2024
Profit after tax over the fiscal year.
€ 227,810
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 70,000 paid out
10 % of the profit went to the shareholders, mostly to MECOBEN (100 % of the shares). That is where the money ends up.
People and assets in 2025
31.2
▲ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 11% vs 2024
€ 69,600 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.
€ 196,357
▲ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▲ 273% vs 2024
€ 87,500 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 617,805
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 256,841
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,431,832 | € 3,158,844 | € 2,944,898 | € 3,297,268 | ▲ 12% |
| Profit after taxes | € 475,663 | € 771,013 | € 442,368 | € 670,431 | ▲ 52% |
| Equity | € 1,432,489 | € 2,173,502 | € 2,615,870 | € 3,216,301 | ▲ 23% |
| Total debts | € 5,637,840 | € 3,185,140 | € 2,304,670 | € 2,554,790 | ▲ 11% |
| Cash | € 1,180,151 | € 264,877 | € 221,438 | € 227,810 | ▲ 3% |
| Land & buildings | € 484,091 | € 421,073 | € 357,047 | € 1,505,489 | ▲ € 1.1 million |
| Retained profit | € 1,370,489 | € 2,111,502 | € 2,553,870 | € 3,154,301 | ▲ 24% |
| Dividend | € 3,750,000 | € 30,000 | € 0 | € 70,000 | |
| Bank debt | € 350,000 | € 350,000 | € 269,792 | € 1,007,292 | ▲ 273% |
| Balance sheet total | € 7,070,329 | € 5,358,642 | € 4,920,540 | € 5,771,091 | ▲ 17% |
| Employees (FTE) | 26 | 27.5 | 28.2 | 31.2 | ▲ 3 |
Key figures of BAYART, 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 BAYART?
What happened at BAYART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eddy Bayart stepped down as director. NBB
- Mecoben BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 670,431 (▲ 52% vs 2024). Source: NBB ↗
- Eddy Bayart became a director. NBB
- Mecoben BV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 475,663 profit in 2022 to € 670,431 profit in 2025.
Paid € 699,212 in corporate taxes since 2022.
Best year ever: 2023, with € 771,013 profit.
On average € 105,700 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MECOBEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAYARTThe shares are held by MECOBEN (99.8%).
Directors
According to the 2025 annual accounts
since 2023 · until 2028
Managing director · represented by Benoit Bayart
Also active at: KORMETAL, BASCO, YBAKOR, IMMO BASCO
since 2023 · until 2028
Shareholders
99.8%
Participations
No participations in other companies reported.
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
- 0451.790.663
- VAT number
- BE 0451.790.663
- Registered office
- Oudenaardsesteenweg(Kor) 367, 8500 Kortrijk
- Names & denominations
- BAYART
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1993
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van metalen constructiewerken en onderdelen daarvan
Verspanend bewerken van metalen
Algemene metaalbewerking
Overige reiniging van gebouwen; industriële reiniging
Overige gespecialiseerde bouwactiviteiten, neg
Industriële reiniging
Overige gespecialiseerde werkzaamheden in de bouw
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