Financials
Financial year 2025
BAYRO from Lokeren, company number BE0472030209, closed financial year 2025 with a result of € 779,189 after tax. For that financial year BAYRO recorded a gross margin of € 5 million and equity of € 3.6 million. Compared with financial year 2024, the result moved from € 756,196 to € 779,189. 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 7, 2026.
€ 3.6 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 779,189
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 308,251
▲ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.6 million.
People and assets in 2025
65.5
▲ 20.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▲ 44% vs 2024
€ 53,200 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.
€ 1.5 million
▲ 104% vs 2024
Of which on lease € 1.3 million.
Debts at end 2025
€ 1.3 million
▲ 116% vs 2024
€ 410,536 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 749,708
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 307,831
▲ 50% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,234,987 | € 3,343,504 | € 3,762,316 | € 5,045,566 | ▲ 34% |
| Profit after taxes | € 519,991 | € 582,207 | € 756,196 | € 779,189 | ▲ 3% |
| Equity | € 2,217,114 | € 2,799,321 | € 2,840,517 | € 3,619,707 | ▲ 27% |
| Total debts | € 2,543,373 | € 1,870,776 | € 2,184,081 | € 3,533,828 | ▲ 62% |
| Cash | € 342,088 | € 109,890 | € 154,903 | € 308,251 | ▲ 99% |
| Land & buildings | € 129,638 | € 129,638 | € 129,638 | € 129,638 | |
| Retained profit | € 2,198,514 | € 2,780,721 | € 2,821,917 | € 3,601,107 | ▲ 28% |
| Dividend | € 0 | € 0 | € 715,000 | € 0 | ▼ 100% |
| Bank debt | € 969,095 | € 761,945 | € 605,470 | € 1,306,232 | ▲ 116% |
| Balance sheet total | € 4,932,138 | € 4,865,063 | € 5,217,489 | € 7,370,078 | ▲ 41% |
| Employees (FTE) | 47.8 | 46.6 | 45.1 | 65.5 | ▲ 20.4 |
Key figures of BAYRO, 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 BAYRO?
What happened at BAYRO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 779,189 (▲ 3% vs 2024). Source: NBB ↗
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
- Selami Top became a director. NBB
- Semih Top became a director. NBB
In short
From € 519,991 profit in 2022 to € 779,189 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 779,189 profit.
On average € 77,000 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 ARSA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAYROBehind BAYRO are Selami Top and Semih Top. The shares are held by ARSA (95%).
Directors
According to the 2025 annual accounts
Shareholders
ARSA · holding of Semih Top
95%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Spieveldstraat 9
9160 Lokeren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0472.030.209
- VAT number
- BE 0472.030.209
- Registered office
- Spieveldstraat 9, 9160 Lokeren
- Names & denominations
- BAYRO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 2000
- Peppol
- Active · Active since 15 May 2025
- Activities · NACE
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