Financials
Financial year 2025
BAOBAB COLLECTION from Wavre, company number BE0870667050, closed financial year 2025 with a result of € 9 million after tax. For that financial year BAOBAB COLLECTION recorded revenue of € 47 million and equity of € 26.7 million. Compared with financial year 2024, the result moved from € 12.4 million to € 9 million. 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 May 18, 2026.
€ 26.7 million
▲ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9 million
▼ 27% vs 2024
Profit after tax over the fiscal year.
€ 14.6 million
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
22 % of the profit went to the shareholders, mostly to Merlin Holdco (100 % of the shares). That is where the money ends up.
People and assets in 2025
31.7
▲ 6.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▲ 25% vs 2024
€ 64,000 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.
€ 84,707
▲ 45% 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.
€ 9.2 million
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 107 days on average.
€ 1.1 million
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 36,627,075 | € 42,170,425 | € 43,960,491 | € 46,955,275 | ▲ 7% |
| Profit after taxes | € 10,698,509 | € 12,171,407 | € 12,434,959 | € 9,036,533 | ▼ 27% |
| Equity | € 8,744,264 | € 7,215,671 | € 19,650,631 | € 26,687,164 | ▲ 36% |
| Total debts | € 15,507,120 | € 20,260,718 | € 16,223,395 | € 16,393,043 | ▲ 1% |
| Cash | € 6,414,094 | € 10,952,554 | € 12,210,569 | € 14,647,448 | ▲ 20% |
| Retained profit | € 8,682,764 | € 7,154,171 | € 19,589,131 | € 26,625,664 | ▲ 36% |
| Dividend | € 8,000,000 | € 13,700,000 | € 0 | € 2,000,000 | |
| Bank debt | € 0 | € 0 | € 276 | € 0 | ▼ 100% |
| Balance sheet total | € 24,251,384 | € 27,476,389 | € 35,874,025 | € 43,080,207 | ▲ 20% |
| Employees (FTE) | 19.6 | 22.5 | 24.9 | 31.7 | ▲ 6.8 |
Key figures of BAOBAB COLLECTION, 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 BAOBAB COLLECTION?
What happened at BAOBAB COLLECTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AMIRA SAM SRL stepped down as director. NBB
- HORIZON 1065 SRL stepped down as director. NBB
- Louis BALCAEN stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9 million (▼ 27% vs 2024). Source: NBB ↗
- AMIRA SAM SRL became a director. NBB
- LUXE SCENT SRL stepped down as director. NBB
- HORIZON 1065 SRL became a director. NBB
- SG CONSULTING SRL stepped down as director. NBB
In short
From € 10.7 million profit in 2022 to € 9 million profit in 2025.
Paid € 12.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 12.4 million profit.
Paid out € 23.7 million in dividends to the owners in total.
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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 Merlin Holdco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAOBAB COLLECTIONThe shares are held by Merlin Holdco (100%). It owns 100% of CANDELIA RETAILING SPAIN S.L., 100% of BAOBAB COLLECTION INC, 100% of CANDELIA FRANCE, 100% of CANDELIA RETAILING LTD, 100% of CANDELIA NETHERLANDS and 100% of EDELWEISS itself.
Directors
According to the 2025 annual accounts
since 2026 · until 2032
since 2024 · until 2030
since 2021 · until 2025
since 2024 · until 2026
since 2026 · until 2031
since 2025 · until 2026
Shareholders
100%
Participations
CANDELIA RETAILING SPAIN S.L.
100%
BAOBAB COLLECTION INC
100%
CANDELIA FRANCE
100%
CANDELIA RETAILING LTD
100%
CANDELIA NETHERLANDS
100%
100%
Candelia Switzerland
100%
Candela Manufacturing SRL
100%
Establishments
Establishment units
Physical locations of this company
Avenue Eiffel 5
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
ARCADIZ, BE
DNS
OVH DNS
Domain
Domain
baobabcollection.com
Registered
2002-11-04
Registrar
OVH sas
Expires
2026-11-04
Website info
Features
Security
Details
- Company number
- 0870.667.050
- VAT number
- BE 0870.667.050
- Registered office
- Avenue Eiffel 5, 1300 Wavre
- Names & denominations
- BAOBAB COLLECTION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2004
- Peppol
- Active · Active since 29 Oct 2025
- Contact
- baobabcollection.com
- Activities · NACE
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