ACTIVE

BALAES

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Financial year 2024 · closed on 31/12/2024

Net result

445,6 k €

-21.8% YoY

Revenue

7,9 M €

+3.4% YoY

Equity

1,4 M €

+47.6% YoY

Workforce

38,8 ETP

+2.1% YoY

What does BALAES do?

BALAES is a Public limited company incorporated in 1981. Its registered office is in Oreye. It employs on average 38,8 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

31/12/2024

Average workforce

38,8 ETP

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	7,9 M €	+3.4%	7,6 M €	+58.6%	4,8 M €	+22.6%	3,9 M €	+19.5%	3,3 M €	-42.4%	5,7 M €	+24.1%	4,6 M €	-7.7%	5 M €	+7.9%	4,6 M €	+8.7%	4,2 M €	-26.0%	5,7 M €	-4.1%	6 M €	+14.1%	5,2 M €	-5.8%	5,6 M €	+6.4%	5,2 M €	-11.1%	5,9 M €	-21.1%	7,4 M €	+6.8%	7 M €	+1.6%	6,9 M €
EBITDA	888,1 k €	-1.6%	902,8 k €	+304%	223,6 k €	+345%	50,3 k €	+160%	-83,3 k €	-122%	378,4 k €	+58.2%	239,1 k €	+61.9%	147,7 k €	-42.1%	255,3 k €	-38.8%	416,9 k €	-22.6%	538,5 k €	+24.9%	431,3 k €	-13.6%	499 k €	+82.8%	273 k €	-45.0%	496,5 k €	-2.0%	506,4 k €	-14.5%	592,5 k €	-36.9%	938,5 k €	+3.3%	908,7 k €
Operating result	614,2 k €	-17.4%	744 k €	+114%	347 k €	+240%	-248,5 k €	-15.5%	-215,2 k €	-177%	280,8 k €	+398%	56,4 k €	+33.1%	42,4 k €	-55.2%	94,6 k €	-39.2%	155,7 k €	-42.6%	271,4 k €	+78.7%	151,9 k €	-49.4%	300 k €	+130%	130,4 k €	-60.6%	331,2 k €	+52.5%	217,1 k €	-8.8%	238 k €	-46.2%	442,6 k €	+12.2%	394,5 k €
Net result	445,6 k €	-21.8%	569,7 k €	+97.6%	288,2 k €	+210%	-261,1 k €	-13.4%	-230,2 k €	-217%	197 k €	+526%	31,4 k €	+108%	15,2 k €	-71.5%	53,2 k €	-48.1%	102,4 k €	-44.9%	185,8 k €	+83.7%	101,2 k €	-56.0%	229,8 k €	+102%	113,6 k €	-59.6%	280,9 k €	+63.9%	171,3 k €	-20.7%	216 k €	-34.8%	331,3 k €	+8.9%	304,2 k €
Balance sheet
Equity	1,4 M €	+47.6%	935,2 k €	+156%	365,5 k €	+28.6%	284,3 k €	-47.9%	545,4 k €	-29.7%	775,6 k €	+6.4%	728,6 k €	+4.5%	697,1 k €	-11.1%	784 k €	+7.2%	731,2 k €	+15.9%	630,9 k €	+15.2%	547,6 k €	-18.4%	671,5 k €	-1.3%	680,3 k €	-15.5%	805,3 k €	+1.0%	797,1 k €	+7.8%	739,8 k €	-0.8%	745,4 k €	-3.6%	773,2 k €
Total assets	3,9 M €	+15.3%	3,4 M €	+54.4%	2,2 M €	+1.0%	2,2 M €	-0.5%	2,2 M €	-47.6%	4,2 M €	-9.8%	4,6 M €	-2.5%	4,7 M €	+0.9%	4,7 M €	+39.5%	3,4 M €	+69.8%	2 M €	-27.5%	2,7 M €	+41.1%	1,9 M €	-10.0%	2,2 M €	+2.5%	2,1 M €	-16.0%	2,5 M €	+11.0%	2,3 M €	-25.5%	3 M €	-11.1%	3,4 M €
Cash	15,4 k €	-88.0%	128,5 k €	-40.0%	214 k €	+1.4%	211 k €	-11.9%	239,4 k €	-47.4%	454,8 k €	+83.8%	247,4 k €	-40.8%	417,7 k €	-41.6%	715,2 k €	-0.1%	716,1 k €	+32.7%	539,5 k €	+41.6%	380,9 k €	+74.9%	217,8 k €	-48.8%	424,9 k €	+35.4%	313,8 k €	-14.8%	368,3 k €	+37.3%	268,3 k €	-5.2%	282,9 k €	-44.1%	505,7 k €
Debts	2,5 M €	+3.3%	2,4 M €	+34.5%	1,8 M €	-5.0%	1,9 M €	+15.4%	1,6 M €	-51.8%	3,4 M €	-12.9%	3,9 M €	-3.7%	4 M €	+3.2%	3,9 M €	+48.5%	2,6 M €	+95.9%	1,3 M €	-36.9%	2,1 M €	+70.1%	1,3 M €	-14.4%	1,5 M €	+13.2%	1,3 M €	-23.8%	1,7 M €	+13.3%	1,5 M €	-33.8%	2,3 M €	-13.1%	2,6 M €
Other
Workforce	38,8 ETP	+2.1%	38,0 ETP	+6.1%	35,8 ETP	-12.0%	40,7 ETP	+11.8%	36,4 ETP	-8.5%	39,8 ETP	-1.0%	40,2 ETP	-4.5%	42,1 ETP	+4.0%	40,5 ETP	+3.8%	39,0 ETP	-12.8%	44,7 ETP	-10.2%	49,8 ETP	+7.6%	46,3 ETP	+6.7%	43,4 ETP	-4.6%	45,5 ETP	-3.8%	47,3 ETP	-4.6%	49,6 ETP	+0.2%	49,5 ETP	-0.4%	49,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 5 active · 21 ended

Active mandates

C&M FRERE CONSTRUCT

Director · since 04 octobre 2022 · until 23 avril 2027 · 0770.626.594

Represented by Hervé FRERE

Active

DelGest

Director · since 04 octobre 2022 · until 23 avril 2027 · 0771.766.048

Represented by Pascal DELHEZ

Active

FINOFAB

Director · since 04 octobre 2022 · until 23 avril 2027 · 0832.476.665

Represented by Olivier FABRY

Active

JOLY SA

Managing director · since 04 octobre 2022 · until 23 avril 2027 · 0464.849.536

Represented by Pierre JOLY

Active

TALAND

Director · since 04 octobre 2022 · until 23 avril 2027 · 0772.732.088

Represented by Bertrand TALLIEU

Active

Ended mandates

DelGest

Managing director · since 04 octobre 2022 · until 23 avril 2027 · 0771.766.048

Represented by Pascal DELHEZ

Ended

Claude BALAES

Director · since 22 avril 2017 · until 17 juin 2021

Ended

Claude BALAES

Director · since 22 avril 2017 · until 22 avril 2023

Ended

Martine DEQUESNE

Director · since 22 avril 2017 · until 17 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
BALAES IMMO● Active	0791.523.562

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/06/2025	14/02/2024	28/06/2023	09/09/2022	29/06/2021	26/08/2020
General meeting	11/06/2025	14/02/2024	26/06/2023	10/08/2022	17/06/2021	20/08/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
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

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 5 active · 21 ended

Active mandates

C&M FRERE CONSTRUCT

Director · since 04 octobre 2022 · until 23 avril 2027 · 0770.626.594

Represented by Hervé FRERE

Active

DelGest

Director · since 04 octobre 2022 · until 23 avril 2027 · 0771.766.048

Represented by Pascal DELHEZ

Active

FINOFAB

Director · since 04 octobre 2022 · until 23 avril 2027 · 0832.476.665

Represented by Olivier FABRY

Active

JOLY SA

Managing director · since 04 octobre 2022 · until 23 avril 2027 · 0464.849.536

Represented by Pierre JOLY

Active

TALAND

Director · since 04 octobre 2022 · until 23 avril 2027 · 0772.732.088

Represented by Bertrand TALLIEU

Active

Ended mandates

DelGest

Managing director · since 04 octobre 2022 · until 23 avril 2027 · 0771.766.048

Represented by Pascal DELHEZ

Ended

Claude BALAES

Director · since 22 avril 2017 · until 17 juin 2021

Ended

Claude BALAES

Director · since 22 avril 2017 · until 22 avril 2023

Ended

Martine DEQUESNE

Director · since 22 avril 2017 · until 17 juin 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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

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

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 €
2006
Name changeG. BALAES
01/01/1981
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

BALAES

Overview

What does BALAES do?

Trend over 19 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