ACTIVE

BAELS

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Financial year 2025 · closed on 30/06/2025

Net result

11 k €

+20.8% YoY

Gross margin

112,4 k €

-15.3% YoY

Equity

1,1 M €

+1.0% YoY

What does BAELS do?

BAELS is a Private limited company incorporated in 1976. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Rijkevorsel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.811.482

Incorporation

15/01/1976

Legal form

Private limited company

Registered office

Prinsenpad 7
2310 Rijkevorsel · FlandreSee on map

Contributed capital

118 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

46741Wholesale of hardware, plumbing and heating equipment and supplies· main 46841Wholesale trade, except of motor vehicles and motorcycles 51541Air transport 46643Wholesale of machinery for the textile industry and of sewing and knitting machines 46693Wholesale of other machinery and equipment 51871Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	112,4 k €	-15.3%	132,7 k €	+27.7%	104 k €	-8.9%	114,1 k €	-7.9%	123,8 k €	-21.6%	157,9 k €	-7.0%	169,9 k €	+56.7%	108,4 k €	-70.9%	372,3 k €	+319%	88,8 k €	+12.1%	79,2 k €	+3.5%	76,5 k €	+1540%	4,7 k €	-93.6%	72,8 k €	+23.1%	59,1 k €	+7.6%	55 k €	-7.2%	59,2 k €	-9.2%	65,2 k €
EBITDA	106,3 k €	+1.4%	104,9 k €	+5.2%	99,7 k €	-6.2%	106,3 k €	-11.6%	120,2 k €	-22.8%	155,7 k €	-6.9%	167,2 k €	+55.9%	107,2 k €	-71.1%	370,8 k €	+323%	87,6 k €	+12.2%	78,1 k €	+3.7%	75,3 k €	+2670%	2,7 k €	-95.4%	59,4 k €	+80.1%	33 k €	+12.5%	29,3 k €	-6.5%	31,4 k €	-15.2%	37 k €
Operating result	33,7 k €	+3.2%	32,6 k €	+13.1%	28,9 k €	+0.8%	28,7 k €	-30.2%	41,1 k €	-39.6%	67,9 k €	+10.7%	61,4 k €	+11.8%	54,9 k €	-66.1%	162,1 k €	+232%	48,8 k €	+17.9%	41,4 k €	+4.7%	39,5 k €	+276%	-22,5 k €	-161%	36,7 k €	+124%	16,4 k €	-3.2%	17 k €	-9.1%	18,7 k €	-24.1%	24,6 k €
Net result	11 k €	+20.8%	9,1 k €	+25.9%	7,2 k €	+603%	1 k €	-99.7%	306,2 k €	+709%	37,9 k €	-87.8%	310,8 k €	+1122%	25,4 k €	-74.1%	98,3 k €	+282%	25,8 k €	+8.2%	23,8 k €	-24.8%	31,7 k €	+185%	-37,2 k €	-772%	5,5 k €	-2.8%	5,7 k €	+29.2%	4,4 k €	-42.5%	7,7 k €	-54.5%	16,9 k €
Balance sheet
Equity	1,1 M €	+1.0%	1,1 M €	+0.8%	1,1 M €	+0.7%	1,1 M €	+0.1%	1,1 M €	+39.4%	777,2 k €	+5.1%	739,4 k €	+72.5%	428,6 k €	+6.3%	403,2 k €	+32.3%	304,8 k €	+9.2%	279,1 k €	+79.7%	155,3 k €	+111%	73,6 k €	-33.6%	110,8 k €	+5.3%	105,3 k €	+5.7%	99,6 k €	+4.6%	95,1 k €	+8.8%	87,5 k €
Total assets	1,5 M €	+0.1%	1,5 M €	-5.3%	1,5 M €	-1.0%	1,6 M €	-2.5%	1,6 M €	+13.9%	1,4 M €	+5.0%	1,3 M €	+31.3%	1 M €	-2.6%	1 M €	+102%	518,9 k €	-4.7%	544,5 k €	+15.6%	471,1 k €	+33.0%	354,2 k €	-8.6%	387,7 k €	+3.1%	376,2 k €	+2.5%	367 k €	+1.8%	360,4 k €	-6.7%	386,3 k €
Cash	283,9 k €	+103%	139,8 k €	-35.4%	216,6 k €	+27.1%	170,5 k €	-65.5%	493,8 k €	+118%	227 k €	+7.4%	211,4 k €	+493%	35,6 k €	-64.3%	99,9 k €	+7.6%	92,9 k €	-10.0%	103,1 k €	+146%	42 k €	+224%	12,9 k €	-28.2%	18 k €	+8.2%	16,7 k €	+57.8%	10,6 k €	-41.1%	18 k €	+61.7%	11,1 k €
Debts	356,7 k €	-2.5%	365,6 k €	-19.9%	456,5 k €	-4.7%	479,3 k €	-7.9%	520,5 k €	-17.5%	630,9 k €	+4.9%	601,4 k €	+1.5%	592,7 k €	-8.2%	645,5 k €	+202%	213,5 k €	-19.4%	264,9 k €	-16.0%	315,3 k €	+12.6%	280,1 k €	+1.3%	276,4 k €	+2.2%	270,4 k €	+1.3%	266,9 k €	+0.8%	264,7 k €	-11.3%	298,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-40.0%	0,5 ETP	-66.7%	1,5 ETP	+15.4%	1,3 ETP	+160%	0,5 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 30/06/2025 · 2 active · 16 ended

Active mandates

LOGIC LOGISTICS

Director · since 18 juin 2021 · 0634.849.756

Represented by Gert Backx

Active

KRISTOF VANDERVEKEN

Director · since 28 septembre 2020

Active

Ended mandates

LOGIC LOGISTICS

Director · since 29 juin 2021 · 0634.849.756

Represented by Gert Backx

Ended

Gert August M Backx

Director · since 18 juin 2021

Ended

Elena Gennadievna Kachkova

Manager · since 01 avril 2016

Ended

Griet Tyberghien

Manager · since 01 janvier 2015 · until 21 mars 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/02/2026	31/01/2025	30/01/2024	27/01/2023	01/02/2022	26/01/2021
General meeting	03/12/2025	03/12/2024	03/12/2023	03/12/2022	03/12/2021	03/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	03/12/2025	03/02/2026	Dutch	PDF
Micro model	30/06/2024	03/12/2024	31/01/2025	Dutch	PDF
Micro model	30/06/2023	03/12/2023	30/01/2024	Dutch	PDF
Micro model	30/06/2022	03/12/2022	27/01/2023	Dutch	PDF
Micro model	30/06/2021	03/12/2021	01/02/2022	Dutch	PDF
Micro model	30/06/2020	03/12/2020	26/01/2021	Dutch	PDF
Micro model	30/06/2019	03/12/2019	20/12/2019	Dutch	PDF
Micro model	30/06/2018	03/12/2018	19/12/2018	Dutch	PDF
Abridged model	30/06/2017	04/12/2017	04/12/2017	Dutch	PDF
Abridged model	30/09/2015	16/03/2016	21/03/2016	Dutch	PDF
Abridged model	30/09/2014	18/03/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	19/03/2014	23/04/2014	Dutch	PDF
Abridged model	30/09/2012	20/03/2013	23/04/2013	Dutch	PDF
Abridged model	30/09/2011	21/03/2012	02/05/2012	Dutch	PDF
Abridged model	30/09/2010	16/03/2011	02/05/2011	Dutch	PDF
Abridged model	30/09/2009	17/03/2010	18/05/2010	Dutch	PDF
Abridged model	30/09/2008	18/03/2009	27/04/2009	Dutch	PDF
Abridged model	30/09/2007	17/03/2008	25/03/2008	Dutch	PDF
Abridged model	30/09/2006	19/03/2007	18/06/2007	Dutch	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 30/06/2025 · 2 active · 16 ended

Active mandates

LOGIC LOGISTICS

Director · since 18 juin 2021 · 0634.849.756

Represented by Gert Backx

Active

KRISTOF VANDERVEKEN

Director · since 28 septembre 2020

Active

Ended mandates

LOGIC LOGISTICS

Director · since 29 juin 2021 · 0634.849.756

Represented by Gert Backx

Ended

Gert August M Backx

Director · since 18 juin 2021

Ended

Elena Gennadievna Kachkova

Manager · since 01 avril 2016

Ended

Griet Tyberghien

Manager · since 01 janvier 2015 · until 21 mars 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other05/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL
PDF
Mandates07/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other08/02/2018
DOEL
PDF
Other10/10/2016
DOEL - BOEKJAAR
PDF
Mandates13/04/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2015
ONTSLAGEN - BENOEMINGEN
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 202511 k €↑
2024
Annual accounts 20249,1 k €↑
2023
Annual accounts 20237,2 k €↑
2022
Annual accounts 20221 k €↓
2021
Annual accounts 2021306,2 k €↑
2020
Annual accounts 202037,9 k €↓
2019
Annual accounts 2019310,8 k €↑
2018
Annual accounts 201825,4 k €↓
2017
Annual accounts 201798,3 k €↑
2015
Annual accounts 201525,8 k €↑
2014
Annual accounts 201423,8 k €↓
2013
Annual accounts 201331,7 k €↑
2012
Annual accounts 2012-37,2 k €↓
2011
Annual accounts 20115,5 k €↓
2010
Annual accounts 20105,7 k €↑
2009
Annual accounts 20094,4 k €↓
2008
Annual accounts 20087,7 k €↓
2007
Annual accounts 200716,9 k €
15/01/1976
IncorporationPrivate 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

BAELS

Overview

What does BAELS do?

Trend over 18 financial years

Indicative valuation

Board of directors

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