Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 17.3 to 15.
Financials
Financial year 2025
Baeck Cladding from Ranst, company number BE0720874603, closed financial year 2025 with a result of € 29,948 after tax. For that financial year Baeck Cladding recorded a gross margin of € 1.1 million and equity of € 406,953. Compared with financial year 2024, the result moved from € 304,798 to € 29,948. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 406,953
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,948
▼ 90% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 344,953.
People and assets in 2025
15
▼ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 7% vs 2024
€ 67,700 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.
€ 2,387
▼ 93% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 659,697
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 227,559
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,084,590 | € 1,766,952 | € 1,577,555 | € 1,140,087 | ▼ 28% |
| Profit after taxes | € 484,048 | € 346,250 | € 304,798 | € 29,948 | ▼ 90% |
| Equity | € 1,353,280 | € 72,207 | € 377,005 | € 406,953 | ▲ 8% |
| Total debts | € 2,543,862 | € 2,188,750 | € 2,161,310 | € 1,242,147 | ▼ 43% |
| Cash | € 346,094 | € 0 | - | - | |
| Retained profit | € 1,291,280 | € 10,207 | € 315,005 | € 344,953 | ▲ 10% |
| Dividend | € 0 | € 1,627,323 | € 0 | € 0 | |
| Balance sheet total | € 3,897,142 | € 2,260,957 | € 2,538,315 | € 1,649,100 | ▼ 35% |
| Employees (FTE) | 19.2 | 17.3 | 16.8 | 15 | ▼ 1.8 |
Key figures of Baeck Cladding, 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 Baeck Cladding?
What happened at Baeck Cladding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Quenz BV stepped down as director. NBB
- PG Consulting BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 29,948 (▼ 90% vs 2024). Source: NBB ↗
- Quenz BV became a director. NBB
- Sandina stepped down as director. NBB
- PG Consulting BV became a director. NBB
- RE:build stepped down as director. NBB
- Erik Groes stepped down as director. NBB
In short
From € 484,048 profit in 2022 to € 29,948 profit in 2025.
Paid € 468,948 in corporate taxes since 2022.
Best year ever: 2022, with € 484,048 profit.
On average € 76,000 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 CORDEEL GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Baeck CladdingThe shares are held by CORDEEL GROUP (100%).
Directors
According to the 2025 annual accounts
Erik Groes
Director
since 2023 · until 2025
Director · represented by Van Haverbeke Kris
Also active at: CORDEEL ZETEL TEMSE, SOBELTEC, +Earth+
since 2026 · until 2032
Managing director · represented by Holthof Christophe
Also active at: IMTECH BELGIE, C-Tech Holding, C-CONCRETE, ELEKTROTECHNIEK VAN HECKE, FOLLAETS PAINTING, C-guard, OFF SITE BELGIUM, G2G Invest +2 more
since 2022 · until 2025
Director · represented by Philip Goris
Also active at: Antwerp Tower, TRADIPLAN, Immo - Vilvo, GALERIE DES CARMES, TECHNOCON, B&M, PROMO IMMO INVEST, MATEXI CITY DEVELOPMENT +30 more
since 2025 · until 2031
Director · represented by Van Ingelghem , Peter
Also active at: C-CONCRETE, OFF SITE BELGIUM, C-METAL, C-WOOD
since 2025 · until 2026
Director · represented by Vriesacker Wim
Also active at: CORDEEL ZETEL TEMSE, TECHNOCON, C-CONCRETE, OFF SITE BELGIUM, Building Maintenance & Services, C-METAL, C-WOOD, C-Supply
since 2025 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Beekvelden 5K
2520 Ranst
Koralenhoeve 9
2160 Wommelgem
Active since 19 February 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0720.874.603
- VAT number
- BE 0720.874.603
- Registered office
- Beekvelden 5K, 2520 Ranst
- Names & denominations
- Baeck Cladding
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 February 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Schrijnwerk
Dakwerkzaamheden
Installatie van isolatie
Isolatiewerkzaamheden