ACTIVE

DALEM

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Financial year 2025 · closed on 31/12/2025

Net result

25,9 k €

+51.6% YoY

Gross margin

993,7 k €

+36.3% YoY

Equity

241,6 k €

+12.0% YoY

Workforce

17,5 ETP

+30.6% YoY

What does DALEM do?

DALEM is a Public limited company incorporated in 1968. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Eupen. It employs on average 17,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.389.652

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Industriestrasse 12
4700 Eupen · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

17,5 ETP

Activities (NACE)

46180Agents specialised in the sale of other particular products· main 46180Agents specialised in the sale of other particular products 51180Passenger air transport 52250Support activities for transportation 52290Other transportation support activities 63404Information service activities

Joint committees (3)

100
14003
226

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	993,7 k €	+36.3%	729,2 k €	-15.5%	863 k €	+76.2%	489,8 k €	+19.3%	410,5 k €	+36.9%	299,8 k €	-6.1%	319,4 k €	+68.1%	190 k €	+83.7%	103,4 k €	+42.7%	72,5 k €	-21.0%	91,8 k €	-25.5%	123,2 k €	+20.1%	102,6 k €	+14.7%	89,5 k €	+17.3%	76,3 k €	-40.1%	127,4 k €	+13.7%	112,1 k €	-13.4%	129,4 k €	+13.9%	113,6 k €	+21.2%	93,7 k €
EBITDA	70,5 k €	+58.7%	44,4 k €	-79.4%	215,6 k €	+204%	70,8 k €	-39.8%	117,6 k €	+36.7%	86 k €	-31.4%	125,4 k €	+48.4%	84,5 k €	+89.9%	44,5 k €	+127%	19,6 k €	-39.4%	32,4 k €	-43.1%	56,9 k €	+15.3%	49,4 k €	+42.3%	34,7 k €	+42.1%	24,4 k €	-12.4%	27,9 k €	+73.0%	16,1 k €	-51.2%	33,1 k €	+52.7%	21,7 k €	+1450%	-1,6 k €
Operating result	46,2 k €	+10.5%	41,8 k €	-9.7%	46,3 k €	+343%	10,4 k €	-39.9%	17,4 k €	+154%	-32,3 k €	-153%	60,9 k €	+76.6%	34,5 k €	-22.5%	44,5 k €	+127%	19,6 k €	-39.2%	32,3 k €	-43.2%	56,8 k €	+40.3%	40,5 k €	+56.8%	25,8 k €	+68.0%	15,4 k €	-11.6%	17,4 k €	+16.8%	14,9 k €	-44.4%	26,8 k €	+77.3%	15,1 k €	+198%	-15,4 k €
Net result	25,9 k €	+51.6%	17,1 k €	-40.0%	28,5 k €	+563%	4,3 k €	-61.2%	11,1 k €	+127%	-41 k €	-173%	56,5 k €	+61.3%	35 k €	+37.5%	25,5 k €	+102%	12,6 k €	-32.1%	18,6 k €	-48.5%	36,1 k €	+27.9%	28,2 k €	+96.9%	14,3 k €	+93.8%	7,4 k €	+77.6%	4,2 k €	+188%	1,4 k €	-90.1%	14,5 k €	+190%	5 k €	+367%	1,1 k €
Balance sheet
Equity	241,6 k €	+12.0%	215,7 k €	-5.0%	227,1 k €	+14.3%	198,7 k €	+2.2%	194,4 k €	+6.0%	183,3 k €	-18.3%	224,4 k €	+33.6%	167,9 k €	+26.3%	132,9 k €	+23.7%	107,4 k €	+13.3%	94,8 k €	+24.3%	76,3 k €	-15.4%	90,2 k €	-30.1%	129 k €	+12.5%	114,7 k €	+6.9%	107,3 k €	+4.0%	103,1 k €	+1.4%	101,7 k €	+16.7%	87,2 k €	+6.1%	82,1 k €
Total assets	905,7 k €	-55.4%	2 M €	-55.5%	4,6 M €	+105%	2,2 M €	+47.9%	1,5 M €	+3.9%	1,5 M €	-10.9%	1,6 M €	+13.2%	1,4 M €	+213%	459,9 k €	+8.7%	423,2 k €	+9.1%	387,8 k €	-13.3%	447,3 k €	-0.5%	449,5 k €	+13.3%	396,8 k €	-11.1%	446,6 k €	-2.4%	457,6 k €	+5.3%	434,7 k €	-6.4%	464,7 k €	-5.5%	491,7 k €	-5.4%	519,5 k €
Cash	–		–		–		–		0 €		0 €	-100%	2 k €	-95.9%	49,7 k €	-58.8%	120,7 k €	+42.1%	84,9 k €	+368%	18,1 k €	-83.5%	110,1 k €	+317%	26,4 k €	-19.9%	33 k €	+198%	11,1 k €	+238%	3,3 k €	-35.7%	5,1 k €	-75.4%	20,6 k €	+120%	9,4 k €	-10.0%	10,4 k €
Debts	664,1 k €	-61.9%	1,7 M €	-59.8%	4,3 M €	+113%	2 M €	+54.3%	1,3 M €	+3.6%	1,3 M €	-9.6%	1,4 M €	+10.8%	1,3 M €	+288%	327 k €	+3.5%	315,8 k €	+7.8%	292,9 k €	-21.1%	371,1 k €	+3.3%	359,3 k €	+34.2%	267,8 k €	-19.3%	331,9 k €	-5.3%	350,3 k €	+5.7%	331,6 k €	-8.6%	363 k €	-10.3%	404,5 k €	-7.5%	437,3 k €
Other
Workforce	17,5 ETP	+30.6%	13,4 ETP	+11.7%	12,0 ETP	+55.8%	7,7 ETP	+18.5%	6,5 ETP	+10.2%	5,9 ETP	+59.5%	3,7 ETP	+106%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

Andy BRAUN

Administrator - manager · since 27 décembre 2023 · until 27 décembre 2029

Active

ROXANE BAUMGARTEN

Director · since 27 décembre 2023 · until 27 décembre 2029

Active

Ended mandates

Andy BRAUN

Administrator - manager · since 06 août 2018 · until 27 décembre 2023

Ended

ANDY BRAUN

Managing director · since 06 août 2018 · until 06 août 2024

Ended

ANDY BRAUN

Administrator - manager · since 06 août 2018 · until 06 août 2024

Ended

Roxane BAUMGARTEN

Director · since 06 août 2018 · until 27 décembre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
EAST BELGIAN WAREHOUSING● Active	0741.778.202
ULEX● Active	0471.905.592
ULEX HOLDING● Active	0699.948.238

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/07/2026	31/07/2025	30/07/2024	07/08/2023	15/09/2022	24/08/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	29/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	02/07/2026	German	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	German	PDF
Abridged model	31/12/2023	28/06/2024	30/07/2024	German	PDF
Abridged model	31/12/2022	30/06/2023	07/08/2023	German	PDF
Abridged model	31/12/2021	30/06/2022	15/09/2022	German	PDF
Abridged model	31/12/2020	29/06/2021	24/08/2021	German	PDF
Abridged model	31/12/2019	26/05/2020	30/06/2020	German	PDF
Abridged model	31/12/2018	25/06/2019	16/09/2019	German	PDF
Abridged model	31/12/2017	22/03/2018	16/08/2018	French	PDF
Abridged model	31/12/2016	23/05/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	24/05/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	23/07/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	17/07/2014	French	PDF
Abridged model	31/12/2012	28/05/2013	22/07/2013	French	PDF
Abridged model	31/12/2011	22/05/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	24/05/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	14/07/2010	French	PDF
Abridged model	31/12/2008	26/05/2009	06/07/2009	French	PDF
Abridged model	31/12/2007	27/05/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	22/05/2007	06/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

Andy BRAUN

Administrator - manager · since 27 décembre 2023 · until 27 décembre 2029

Active

ROXANE BAUMGARTEN

Director · since 27 décembre 2023 · until 27 décembre 2029

Active

Ended mandates

Andy BRAUN

Administrator - manager · since 06 août 2018 · until 27 décembre 2023

Ended

ANDY BRAUN

Managing director · since 06 août 2018 · until 06 août 2024

Ended

ANDY BRAUN

Administrator - manager · since 06 août 2018 · until 06 août 2024

Ended

Roxane BAUMGARTEN

Director · since 06 août 2018 · until 27 décembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office25/11/2019
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates27/08/2018
OBJET - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/06/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates21/08/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates28/10/2004
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202525,9 k €↑
2024
Annual accounts 202417,1 k €↓
2023
Annual accounts 202328,5 k €↑
2022
Annual accounts 20224,3 k €↓
2021
Annual accounts 202111,1 k €↑
2020
Annual accounts 2020-41 k €↓
2019
Annual accounts 201956,5 k €↑
2018
Annual accounts 201835 k €↑
2017
Annual accounts 201725,5 k €↑
2016
Annual accounts 201612,6 k €↓
2015
Annual accounts 201518,6 k €↓
2014
Annual accounts 201436,1 k €↑
2013
Annual accounts 201328,2 k €↑
2012
Annual accounts 201214,3 k €↑
2011
Annual accounts 20117,4 k €↑
2010
Annual accounts 20104,2 k €↑
2009
Annual accounts 20091,4 k €↓
2008
Annual accounts 200814,5 k €↑
2007
Annual accounts 20075 k €↑
2006
Annual accounts 20061,1 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DALEM

Overview

What does DALEM do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline