ACTIVE

BALEGRO

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Financial year 2025 · closed on 31/12/2025
Net result
1,4 M €
-25.3% YoY
Gross margin
2,1 M €
-23.1% YoY
Equity
1,6 M €
-13.8% YoY
Workforce
2,0 ETP
0.0% YoY

What does BALEGRO do?

BALEGRO is a Private limited company incorporated in 1980. Its registered office is in Oostende. It employs on average 2,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0420.538.847
Incorporation
22/04/1980
Legal form
Private limited company
Registered office
Oudenburgsesteenweg 106
8400 Oostende · FlandreSee on map
Contributed capital
25 000,00 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Joint committees (2)
  • 10206
  • 200
Signals
ProfitableLow riskGood 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

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin2,1 M €2,7 M €1,6 M €1,3 M €1 M €368,3 k €776,8 k €1,5 M €670 k €565,5 k €––––––472,4 k €417,4 k €367,4 k €241,6 k €
EBITDA1,9 M €2,6 M €1,5 M €1,1 M €867,6 k €193,9 k €619,2 k €1,3 M €540,2 k €452,9 k €513,8 k €326,1 k €511,4 k €650,4 k €590,8 k €175,3 k €340,8 k €264 k €1,1 M €-89,7 k €
Operating result1,8 M €2,3 M €1,3 M €913,3 k €682,1 k €74,1 k €474,7 k €1,1 M €310,5 k €195,6 k €224,6 k €91,2 k €352,6 k €544,7 k €532,3 k €61,2 k €274,2 k €203,4 k €1 M €-191,2 k €
Net result1,4 M €1,9 M €1 M €768,9 k €575,7 k €74,4 k €388,1 k €917,4 k €323,8 k €94,1 k €242,3 k €140,6 k €420,4 k €563 k €407,5 k €11,3 k €221,1 k €194,3 k €805,6 k €-210,3 k €
Balance sheet
Equity1,6 M €1,9 M €3,2 M €2,3 M €1,9 M €2,6 M €2,5 M €2,2 M €1,7 M €1,7 M €1,8 M €1,9 M €1,9 M €1,6 M €1,8 M €1,3 M €1,3 M €1,1 M €912 k €106,3 k €
Total assets6 M €8,4 M €6,6 M €5,7 M €6 M €4,9 M €4,4 M €4,4 M €3,7 M €3,7 M €4,4 M €4,2 M €4 M €3,3 M €3,3 M €1,8 M €1,7 M €1,4 M €1,3 M €1,4 M €
Cash627,9 k €383 k €573,5 k €903,6 k €1,6 M €328,9 k €792,6 k €629,8 k €255,4 k €33,1 k €237,1 k €53,3 k €167,6 k €728 k €821,1 k €815,4 k €773,7 k €536,7 k €425,3 k €442,6 k €
Debts2,7 M €4,9 M €1,6 M €1,8 M €2,6 M €1,1 M €612,8 k €1,1 M €956,2 k €1,2 M €1,5 M €1,3 M €1,2 M €824,1 k €641,5 k €174,8 k €401,2 k €343,1 k €353 k €385,4 k €
Other
Workforce2,0 ETP2,0 ETP2,0 ETP2,0 ETP1,9 ETP2,0 ETP2,7 ETP2,8 ETP2,1 ETP2,4 ETP3,1 ETP5,5 ETP5,8 ETP6,1 ETP4,2 ETP3,9 ETP3,0 ETP2,8 ETP3,0 ETP2,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

BOUW BEHEER

Director · 0454.532.201

Represented by Pieter DE POORTER

Active
Top-Mix

Director · 0415.555.324

Represented by JOHAN VERHELST

Active

Ended mandates

BOUW BEHEER

Manager · since 22 août 2011 · 0454.532.201

Represented by Kathleen Verhelst

Ended
BOUW BEHEER

Manager · since 22 août 2011 · 0454.532.201

Represented by Pieter Depoorter

Ended
Top-Mix

Manager · since 22 août 2011 · 0415.555.324

Represented by . Verhelst Johan bvba

Ended
VERHELST GROUP

Manager · since 22 août 2011 · 0466.316.018

Represented by Johan Verhelst

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/07/202615/07/202527/08/202427/06/202316/09/202216/09/2022
General meeting30/06/202627/06/202528/06/202420/05/202331/08/202231/08/2022
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202616/07/2026DutchPDF
Abridged model31/12/202427/06/202515/07/2025DutchPDF
Abridged model31/12/202328/06/202427/08/2024DutchPDF
Abridged model31/12/202220/05/202327/06/2023DutchPDF
Abridged model31/12/202131/08/202216/09/2022DutchPDF
Abridged model31/12/202031/08/202216/09/2022DutchPDF
Abridged model31/12/201930/06/202009/07/2020DutchPDF
Abridged model31/12/201802/05/201919/06/2019DutchPDF
Abridged model31/12/201721/06/201814/07/2018DutchPDF
Abridged model31/12/201630/06/201707/07/2017DutchPDF
Full model31/12/201524/06/201613/07/2016DutchPDF
Full model31/12/201426/06/201514/07/2015DutchPDF
Full model31/12/201327/06/201414/07/2014DutchPDF
Full model31/12/201228/06/201317/07/2013DutchPDF
Full model31/12/201129/06/201220/07/2012DutchPDF
Full model31/12/201024/06/201107/07/2011DutchPDF
Abridged model31/12/200906/05/201012/05/2010DutchPDF
Abridged model31/12/200807/05/200908/05/2009DutchPDF
Abridged model31/12/200702/05/200806/06/2008DutchPDF
Abridged model31/12/200603/05/200725/05/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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 · 23 ended

Active mandates

BOUW BEHEER

Director · 0454.532.201

Represented by Pieter DE POORTER

Active
Top-Mix

Director · 0415.555.324

Represented by JOHAN VERHELST

Active

Ended mandates

BOUW BEHEER

Manager · since 22 août 2011 · 0454.532.201

Represented by Kathleen Verhelst

Ended
BOUW BEHEER

Manager · since 22 août 2011 · 0454.532.201

Represented by Pieter Depoorter

Ended
Top-Mix

Manager · since 22 août 2011 · 0415.555.324

Represented by . Verhelst Johan bvba

Ended
VERHELST GROUP

Manager · since 22 août 2011 · 0466.316.018

Represented by Johan Verhelst

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates24/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/07/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/07/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/07/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/12/2011
    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

Timeline

  1. 2025
    Annual accounts 20251,4 M €↓
  2. 2024
    Annual accounts 20241,9 M €↑
  3. 2023
    Annual accounts 20231 M €↑
  4. 2022
    Annual accounts 2022768,9 k €↑
  5. 2021
    Annual accounts 2021575,7 k €↑
  6. 2020
    Annual accounts 202074,4 k €↓
  7. 2019
    Annual accounts 2019388,1 k €↓
  8. 2018
    Annual accounts 2018917,4 k €↑
  9. 2017
    Annual accounts 2017323,8 k €↑
  10. 2016
    Annual accounts 201694,1 k €↓
  11. 2015
    Annual accounts 2015242,3 k €↑
  12. 2014
    Annual accounts 2014140,6 k €↓
  13. 2013
    Annual accounts 2013420,4 k €↓
  14. 2012
    Annual accounts 2012563 k €↑
  15. 2011
    Annual accounts 2011407,5 k €↑
  16. 2010
    Annual accounts 201011,3 k €↓
  17. 2010
    Name changeBALEGRO
  18. 2009
    Annual accounts 2009221,1 k €↑
  19. 2008
    Annual accounts 2008194,3 k €↓
  20. 2007
    Annual accounts 2007805,6 k €↑
  21. 2006
    Annual accounts 2006-210,3 k €
  22. 2006
    Name changeN. en W. Verlee
  23. 22/04/1980
    IncorporationPrivate limited company