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 60.3 to 32.1.
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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 BELGIUM from Lessines, company number BE0861155805, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year BAXTER BELGIUM recorded revenue of € 14.3 million and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 2.8 million to € 1.9 million. The company is profitable. The buffer shrank hard: equity is 84 % 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.
€ 2.8 million
▼ 84% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 16 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
32.1
▼ 9.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.6 million
▼ 15% vs 2024
€ 173,300 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
None
No bank loans on the last day of the fiscal year.
€ 3.2 million
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 251 days on average.
€ 2.6 million
▼ 29% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 23,293,661 | € 27,744,620 | € 14,986,038 | € 14,316,996 | ▼ 4% |
| Profit after taxes | € 2,034,992 | € 2,720,205 | € 2,782,209 | € 1,871,583 | ▼ 33% |
| Equity | € 13,618,385 | € 16,338,590 | € 16,888,922 | € 2,760,505 | ▼ 84% |
| Total debts | € 16,677,229 | € 13,538,634 | € 10,603,881 | € 27,368,725 | ▲ 158% |
| Retained profit | € 13,553,400 | € 16,273,605 | € 16,832,814 | € 2,704,397 | ▼ 84% |
| Dividend | € 0 | € 0 | € 0 | € 16,000,000 | |
| Bank debt | € 1,832,899 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 30,318,903 | € 31,305,650 | € 27,493,801 | € 30,129,230 | ▲ 10% |
| Employees (FTE) | 65.3 | 60.3 | 41.2 | 32.1 | ▼ 9.1 |
Key figures of BAXTER BELGIUM, 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 BELGIUM?
What happened at BAXTER BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.9 million (▼ 33% vs 2024). Source: NBB ↗
- Brecht Gheskiere stepped down as director. NBB
- Annelies Bryon became a director. NBB
- Serge Vandermotten became a director. NBB
- Guy In't Ven became a director. NBB
- Brecht Gheskiere became a director. NBB
- New establishment in Braine-l'Alleud. KBO
- Start of the company according to the CBE. KBO
In short
From € 2 million profit in 2022 to € 1.9 million profit in 2025.
Paid € 3.5 million in corporate taxes since 2022.
Best year ever: 2024, with € 2.8 million profit.
Paid out € 16 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 BELGIUMBehind BAXTER BELGIUM are Annelies Bryon, Serge Vandermotten and Guy In't Ven. The shares are held by BAXTER (100%).
Directors
According to the 2025 annual accounts
since 2023
since 2023
since 2023
Brecht Gheskiere
Director
since 2023 · until 2026
Shareholders
100%
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 box 4
1420 Braine-l'Alleud
Active since 1 March 2010
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 SERVICES EUROPE same network
€ 10.7 million revenue · 2025
+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
- 0861.155.805
- VAT number
- BE 0861.155.805
- Registered office
- Boulevard René Branquart(L) 80, 7860 Lessines
- Names & denominations
- BAXTER BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 2003
- Peppol
- Active · Active since 2 Feb 2026
- Activities · NACE
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Groothandel in farmaceutische producten
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Vervaardiging van parfums en toiletartikelen
Vervaardiging van andere chemische producten, neg
Activiteiten van verpakkingsbedrijven
Verpakkingsbedrijven
Vervaardiging van overige chemische producten
+3