Financials
Financial year 2026
De Baets en Co from Gent, company number BE0457573645, closed financial year 2026 with a result of € 86,689 after tax. For that financial year De Baets en Co recorded a gross margin of € 1.1 million and equity of € 410,947. Compared with financial year 2025, the result moved from € 214,274 to € 86,689. The company is profitable. 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 September 28, 2026.
€ 410,947
▲ 2% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 86,689
▼ 60% vs 2025
Profit after tax over the fiscal year.
€ 374,970
▼ 48% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 80,000 paid out
92 % of the profit went to the shareholders, mostly to DE BAETS INVEST (75 % of the shares). That is where the money ends up.
People and assets in 2026
16.3
▼ 1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 863,401
▼ 10% vs 2025
€ 53,000 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.
€ 67,731
▼ 18% vs 2025
Of which on lease € 64,458.
Debts at end 2026
€ 94,020
▼ 17% vs 2025
€ 19,999 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 144,263
▼ 20% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 30,245
▲ 10% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 1,304,346 | € 1,304,881 | € 1,304,062 | € 1,063,256 | ▼ 18% |
| Profit after taxes | € 206,163 | € 173,459 | € 214,274 | € 86,689 | ▼ 60% |
| Equity | € 391,525 | € 389,984 | € 404,257 | € 410,947 | ▲ 2% |
| Total debts | € 849,617 | € 722,607 | € 1,181,124 | € 729,849 | ▼ 38% |
| Cash | € 239,857 | € 175,478 | € 724,529 | € 374,970 | ▼ 48% |
| Retained profit | € 329,525 | € 327,984 | € 342,257 | € 348,947 | ▲ 2% |
| Dividend | € 300,000 | € 175,000 | € 200,000 | € 80,000 | ▼ 60% |
| Bank debt | € 148,449 | € 131,189 | € 113,061 | € 94,020 | ▼ 17% |
| Balance sheet total | € 1,241,142 | € 1,112,591 | € 1,585,381 | € 1,140,796 | ▼ 28% |
| Employees (FTE) | 20.7 | 17.9 | 17.3 | 16.3 | ▼ 1 |
Key figures of De Baets en Co, 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 De Baets en Co?
What happened at De Baets en Co in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- De Baets Invest BV stepped down as director. NBB
- Nicolas De Baets stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 86,689 (▼ 60% vs 2025). Source: NBB ↗
- De Baets Invest BV became a director. NBB
- Nicolas De Baets became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 206,163 profit in 2023 to € 86,689 profit in 2026.
Paid € 241,721 in corporate taxes since 2023.
Best year ever: 2025, with € 214,274 profit.
On average € 65,200 of value added per employee in 2026.
Management
The stake of DE BAETS INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
De Baets en CoThe shares are held by DE BAETS INVEST (75%).
Directors
According to the 2026 annual accounts
Director · represented by Frédéric De Baets
since 2023 · until 2029
Nicolas De Baets
Managing director
since 2023 · until 2029
Shareholders
75%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kiekenbosstraat 23
9032 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
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Technologies
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Email provider
Microsoft 365
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HETZNER-AS, DE
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Details
- Company number
- 0457.573.645
- VAT number
- BE 0457.573.645
- Registered office
- Kiekenbosstraat 23, 9032 Gent
- Names & denominations
- De Baets en Co
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 1996
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- bouwbedrijfdebaets.be
- Activities · NACE
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