ACTIVE

BALAES

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Financial year 2025 · Closed on 31/12/2025

Net result300,7 k €-32,5 %over 1 year

Revenue9 M €+14,0 %over 1 year

Equity1,6 M €+14,5 %over 1 year

Workforce41,5 ETP+7,0 %over 1 year

Identity

Source · BCE/KBO

BALAES is a Public limited company incorporated in 1981. Its main activity is: Construction of roads and motorways. Its registered office is in Oreye. It employs on average 41,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0421.455.102
Incorporation: 01/01/1981
Legal form: Public limited company
Registered office: Rue L. Maréchal 11
4360 Oreye · WallonieSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025
Average workforce: 41,5 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 45230Maintenance and repair of motor vehicles 43320Joinery installation 43320Joinery installation 43331Floor and wall covering+12

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	9 M €	+14.0%	7,9 M €	+3.4%	7,6 M €	+58.6%	4,8 M €	+22.6%	3,9 M €
EBITDA	836,3 k €	-5.8%	888,1 k €	-1.6%	902,8 k €	+304%	223,6 k €	+345%	50,3 k €
Operating result	482,3 k €	-21.5%	614,2 k €	-17.4%	744 k €	+114%	347 k €	+240%	-248,5 k €
Net result	300,7 k €	-32.5%	445,6 k €	-21.8%	569,7 k €	+97.6%	288,2 k €	+210%	-261,1 k €
Balance sheet
Equity	1,6 M €	+14.5%	1,4 M €	+47.6%	935,2 k €	+156%	365,5 k €	+28.6%	284,3 k €
Total assets	6,5 M €	+66.6%	3,9 M €	+15.3%	3,4 M €	+54.4%	2,2 M €	+1.0%	2,2 M €
Cash	7,5 k €	-51.4%	15,4 k €	-88.0%	128,5 k €	-40.0%	214 k €	+1.4%	211 k €
Debts	4,9 M €	+96.7%	2,5 M €	+3.3%	2,4 M €	+34.5%	1,8 M €	-5.0%	1,9 M €
Other
Workforce	41,5 ETP	+7.0%	38,8 ETP	+2.1%	38,0 ETP	+6.1%	35,8 ETP	-12.0%	40,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
C&M FRERE CONSTRUCT0770.626.594Represented by Hervé FRERE	Director04/10/2022 → 23/04/2027
DelGest0771.766.048Represented by Pascal DELHEZ	Director04/10/2022 → 23/04/2027Managing director04/10/2022 → 2022 accountsended
FINOFAB0832.476.665Represented by Olivier FABRY	Director04/10/2022 → 23/04/2027
JOLY SA0464.849.536Represented by Pierre JOLY	Managing director04/10/2022 → 23/04/2027
TALAND0772.732.088Represented by Bertrand TALLIEU	Director04/10/2022 → 23/04/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Claude BALAES	Director22/04/2017 → 2020 accounts
Martine DEQUESNE	Director22/04/2017 → 2020 accounts

Other companies at this address

Rue L. Maréchal 11 4360 Oreye

Company	CBE no.
BALAES IMMO● Active	0791.523.562

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	02/07/2026	18/06/2025	14/02/2024	28/06/2023	09/09/2022	29/06/2021
General meeting	29/06/2026	11/06/2025	14/02/2024	26/06/2023	10/08/2022	17/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	02/07/2026	French	PDF
Abridged model	31/12/2024	11/06/2025	18/06/2025	French	PDF
Abridged model	31/12/2023	14/02/2024	14/02/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	10/08/2022	09/09/2022	French	PDF
Abridged model	31/12/2020	17/06/2021	29/06/2021	French	PDF
Abridged model	31/12/2019	20/08/2020	26/08/2020	French	PDF
Abridged model	31/12/2018	27/04/2019	06/06/2019	French	PDF
Abridged model	31/12/2017	28/04/2018	28/05/2018	French	PDF
Abridged model	31/12/2016	22/04/2017	22/05/2017	French	PDF
Abridged model	31/12/2015	23/04/2016	25/05/2016	French	PDF
Abridged model	31/12/2014	25/04/2015	21/05/2015	French	PDF
Abridged model	31/12/2013	26/04/2014	22/05/2014	French	PDF
Abridged model	31/12/2012	27/04/2013	23/05/2013	French	PDF
Abridged model	31/12/2011	28/04/2012	24/05/2012	French	PDF
Abridged model	31/12/2010	23/04/2011	19/05/2011	French	PDF
Abridged modelCorrection	31/12/2009	24/04/2010	25/05/2010	French	PDF
Abridged model	31/12/2009	24/01/2010	12/05/2010	French	PDF
Abridged model	31/12/2008	25/04/2009	20/05/2009	French	PDF
Abridged model	31/12/2007	26/04/2008	22/05/2008	French	PDF
Abridged model	31/12/2006	28/04/2007	24/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

5 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
C&M FRERE CONSTRUCT0770.626.594Represented by Hervé FRERE	Director04/10/2022 → 23/04/2027
DelGest0771.766.048Represented by Pascal DELHEZ	Director04/10/2022 → 23/04/2027Managing director04/10/2022 → 2022 accountsended
FINOFAB0832.476.665Represented by Olivier FABRY	Director04/10/2022 → 23/04/2027
JOLY SA0464.849.536Represented by Pierre JOLY	Managing director04/10/2022 → 23/04/2027
TALAND0772.732.088Represented by Bertrand TALLIEU	Director04/10/2022 → 23/04/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Claude BALAES	Director22/04/2017 → 2020 accounts
Martine DEQUESNE	Director22/04/2017 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/10/2022
DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Restructuring13/10/2022
DENOMINATION - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring25/08/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates13/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates16/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates29/05/2017
DEMISSIONS, NOMINATIONS
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

JOLY SA

C&M FRERE CONSTRUCT

DelGest

TALAND

FINOFAB

Martine DEQUESNE

Claude BALAES

Gaëtan BALAES

Jacqueline BALAES

Hubert BARTHOLOME

Jeanne VLIEGEN

BATELL

19811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

BALAESG. BALAES

Rue L. Maréchal 11, 4360 Oreye

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue L. Maréchal 11, 4360 OreyeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00253809

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BALAESCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00253809
G. BALAES	accounts 2006 → 2021	Accounts 2021 · 2022-20427507

Events

2025
Annual accounts 2025300,7 k €↓
2024
Annual accounts 2024445,6 k €↓
2023
Annual accounts 2023569,7 k €↑
2022
Annual accounts 2022288,2 k €↑
2022
Name changeBALAES
2021
Annual accounts 2021-261,1 k €↓
2020
Annual accounts 2020-230,2 k €↓
2019
Annual accounts 2019197 k €↑
2018
Annual accounts 201831,4 k €↑
2017
Annual accounts 201715,2 k €↓
2016
Annual accounts 201653,2 k €↓
2015
Annual accounts 2015102,4 k €↓
2014
Annual accounts 2014185,8 k €↑
2013
Annual accounts 2013101,2 k €↓
2012
Annual accounts 2012229,8 k €↑
2011
Annual accounts 2011113,6 k €↓
2010
Annual accounts 2010280,9 k €↑
2009
Annual accounts 2009171,3 k €↓
2008
Annual accounts 2008216 k €↓
2007
Annual accounts 2007331,3 k €↑
2006
Annual accounts 2006304,2 k €
01/01/1981
IncorporationPublic limited company

BALAES

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