ACTIVE

BALEGRO

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Financial year 2025 · Closed on 31/12/2025

Net result1,4 M €-25,3 %over 1 year

Gross margin2,1 M €-23,1 %over 1 year

Equity1,6 M €-13,8 %over 1 year

Workforce2,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

BALEGRO is a Private limited company incorporated in 1980. Its main activity is: Operation of gravel and sand pits; mining of clays and kaolin. 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

Activities (NACE)

08122Operation of gravel and sand pits; mining of clays and kaolin· main 08122Operation of gravel and sand pits; mining of clays and kaolin 14211Manufacture of articles of fur 08111Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 08111Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate 39000Remediation activities and other waste management services+3

Joint committees (2)

10206
200

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,1 M €	-23.1%	2,7 M €	+67.2%	1,6 M €	+29.6%	1,3 M €	+24.9%	1 M €
EBITDA	1,9 M €	-25.2%	2,6 M €	+74.2%	1,5 M €	+31.6%	1,1 M €	+29.3%	867,6 k €
Operating result	1,8 M €	-24.8%	2,3 M €	+85.1%	1,3 M €	+38.6%	913,3 k €	+33.9%	682,1 k €
Net result	1,4 M €	-25.3%	1,9 M €	+78.4%	1 M €	+35.3%	768,9 k €	+33.6%	575,7 k €
Balance sheet
Equity	1,6 M €	-13.8%	1,9 M €	-40.4%	3,2 M €	+37.9%	2,3 M €	+25.3%	1,9 M €
Total assets	6 M €	-28.2%	8,4 M €	+26.5%	6,6 M €	+16.5%	5,7 M €	-5.9%	6 M €
Cash	627,9 k €	+63.9%	383 k €	-33.2%	573,5 k €	-36.5%	903,6 k €	-42.9%	1,6 M €
Debts	2,7 M €	-45.1%	4,9 M €	+212%	1,6 M €	-11.4%	1,8 M €	-30.1%	2,6 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BOUW BEHEER0454.532.201Represented by Kathleen Verhelst	DirectorManager22/08/2011 → 2013 accountsended
Top-Mix0415.555.324Represented by . Verhelst Johan bvba	DirectorManager22/08/2011 → 2013 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERHELST GROUP0466.316.018Represented by Johan Verhelst	Manager22/08/2011 → 2013 accounts
Kris Verlee	Manageruntil 20/07/2009
NORBERT VERLEE	Manageruntil 15/12/2010

Other companies at this address

Oudenburgsesteenweg 106 8400 Oostende

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BTW-eenheid Verhelst Group● Active	0715.511.491
DRONGEN E40● Active	0792.867.706
EUROPEAN PORT SERVICES● Active	0421.687.605
GECA INVEST● Active	0471.743.266
RECYC WEST● Active	0455.261.085
TERRA COSA● Active	0881.076.239
T.M.C. BELGIUM● Active	0427.365.766
TM Verhelst-Vanlerberghe● Active	0761.666.467
TopAsfalt● Active	0508.599.407
Top-Mix● Active	0415.555.324
TOP-MIX RECYCLING● Active	0720.650.018
Transport Janssens● Active	0415.603.626
VERHELST AANNEMINGEN● Active	0405.262.931
VERHELST Aannemingen - SOETAERT Algemene Ondernemingen 2● Active	0651.868.506
VERHELST GROUP● Active	0466.316.018
Verhelst Immo● Active	0416.873.534
VERHELST IMMO II● Active	0444.033.930
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VERHELST SERVICES● Active	1016.042.930

Full financial information

Source · NBB

	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	16/07/2026	15/07/2025	27/08/2024	27/06/2023	16/09/2022	16/09/2022
General meeting	30/06/2026	27/06/2025	28/06/2024	20/05/2023	31/08/2022	31/08/2022
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	16/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	20/05/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/08/2022	16/09/2022	Dutch	PDF
Abridged model	31/12/2020	31/08/2022	16/09/2022	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	09/07/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	19/06/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	14/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	24/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	14/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	14/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	17/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	07/07/2011	Dutch	PDF
Abridged model	31/12/2009	06/05/2010	12/05/2010	Dutch	PDF
Abridged model	31/12/2008	07/05/2009	08/05/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	06/06/2008	Dutch	PDF
Abridged model	31/12/2006	03/05/2007	25/05/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BOUW BEHEER0454.532.201Represented by Kathleen Verhelst	DirectorManager22/08/2011 → 2013 accountsended
Top-Mix0415.555.324Represented by . Verhelst Johan bvba	DirectorManager22/08/2011 → 2013 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
VERHELST GROUP0466.316.018Represented by Johan Verhelst	Manager22/08/2011 → 2013 accounts
Kris Verlee	Manageruntil 20/07/2009
NORBERT VERLEE	Manageruntil 15/12/2010

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Top-Mix

BOUW BEHEER

VERHELST GROUP

WILLY VERLEE

Kris Verlee

NORBERT VERLEE

19801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BALEGRON. en W. Verlee

Oudenburgsesteenweg 106, 8400 Oostende

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oudenburgsesteenweg 106, 8400 OostendeCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00300355

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BALEGROCurrent	accounts 2010 → 2025	Accounts 2025 · 2026-00300355
N. en W. Verlee	accounts 2006 → 2009	Accounts 2009 · 2010-11500574

Events

2025
Annual accounts 20251,4 M €↓
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022768,9 k €↑
2021
Annual accounts 2021575,7 k €↑
2020
Annual accounts 202074,4 k €↓
2019
Annual accounts 2019388,1 k €↓
2018
Annual accounts 2018917,4 k €↑
2017
Annual accounts 2017323,8 k €↑
2016
Annual accounts 201694,1 k €↓
2015
Annual accounts 2015242,3 k €↑
2014
Annual accounts 2014140,6 k €↓
2013
Annual accounts 2013420,4 k €↓
2012
Annual accounts 2012563 k €↑
2011
Annual accounts 2011407,5 k €↑
2010
Annual accounts 201011,3 k €↓
2010
Name changeBALEGRO
2009
Annual accounts 2009221,1 k €↑
2008
Annual accounts 2008194,3 k €↓
2007
Annual accounts 2007805,6 k €↑
2006
Annual accounts 2006-210,3 k €
22/04/1980
IncorporationPrivate limited company

BALEGRO

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events