ACTIVE

BALVINOX

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Financial year 2025 · closed on 31/12/2025

Net result

471,9 k €

+45.6% YoY

Gross margin

727,5 k €

+39.7% YoY

Equity

669,1 k €

+9.9% YoY

Workforce

1,3 ETP

What does BALVINOX do?

BALVINOX is a Private limited company incorporated in 1983. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Perwez. It employs on average 1,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.742.214

Incorporation

24/10/1983

Legal form

Private limited company

Registered office

Rue des Blés d'Or 1
1360 Perwez · WallonieSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Average workforce

1,3 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 46731Wholesale of wood, construction materials and sanitary equipment 46831Wholesale trade, except of motor vehicles and motorcycles 51532Air transport 47521Retail sale of hardware, paints and glass in specialised stores+2

Contacts

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Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	727,5 k €	+39.7%	520,6 k €	-5.8%	552,4 k €	+4.2%	530,2 k €	+22.7%	432 k €	+277%	114,6 k €	+21.3%	94,5 k €	-32.0%	138,8 k €	-35.2%	214,2 k €	-14.0%	249,1 k €	+34.4%	185,3 k €	-38.8%	302,9 k €	+42.8%	212,1 k €	+19.3%	177,8 k €	-9.2%	195,9 k €	+98.4%	98,7 k €	-37.5%	157,8 k €	-2.5%	161,9 k €	+23.2%	131,5 k €	+15.9%	113,4 k €
EBITDA	662,5 k €	+41.1%	469,7 k €	+3.2%	455 k €	-5.3%	480,3 k €	+20.4%	398,8 k €	+310%	97,3 k €	+7.8%	90,3 k €	-35.0%	138,8 k €	-31.7%	203,2 k €	-17.0%	244,8 k €	+34.7%	181,7 k €	-39.4%	299,7 k €	+44.4%	207,6 k €	+22.3%	169,8 k €	-9.9%	188,5 k €	+103%	92,8 k €	-38.4%	150,6 k €	-3.1%	155,5 k €	+23.5%	125,9 k €	+18.1%	106,6 k €
Operating result	628,3 k €	+44.0%	436,4 k €	+3.4%	421,9 k €	-5.8%	448 k €	+23.0%	364,1 k €	+512%	59,5 k €	+33.7%	44,5 k €	-49.5%	88,1 k €	-41.3%	150 k €	-18.2%	183,3 k €	+50.0%	122,2 k €	-51.2%	250,3 k €	+36.1%	183,9 k €	+17.4%	156,6 k €	-13.7%	181,4 k €	+103%	89,2 k €	-34.8%	136,8 k €	-7.5%	147,9 k €	+24.6%	118,7 k €	+26.5%	93,8 k €
Net result	471,9 k €	+45.6%	324,2 k €	+3.6%	312,9 k €	-5.8%	332,2 k €	+25.4%	264,8 k €	+861%	27,6 k €	+16.6%	23,6 k €	-60.0%	59,1 k €	-34.8%	90,6 k €	-27.0%	124 k €	+122%	55,9 k €	-73.6%	212,3 k €	+24.2%	170,8 k €	+24.8%	136,9 k €	-22.8%	177,2 k €	+126%	78,4 k €	-36.0%	122,5 k €	-9.8%	135,8 k €	+40.7%	96,5 k €	+52.9%	63,1 k €
Balance sheet
Equity	669,1 k €	+9.9%	609,1 k €	0.0%	609,1 k €	0.0%	609,1 k €	0.0%	609,1 k €	0.0%	609,1 k €	-10.6%	681,5 k €	0.0%	681,5 k €	0.0%	681,5 k €	0.0%	681,5 k €	+6.2%	641,5 k €	+0.2%	640,4 k €	+12.7%	568,1 k €	+6.7%	532,3 k €	+7.4%	495,4 k €	+8.1%	458,1 k €	+6.6%	429,8 k €	+15.0%	373,8 k €	+22.3%	305,6 k €	+21.2%	252,1 k €
Total assets	1,5 M €	+9.1%	1,4 M €	-3.6%	1,4 M €	-5.1%	1,5 M €	-2.4%	1,5 M €	+9.5%	1,4 M €	-6.4%	1,5 M €	-0.5%	1,5 M €	+0.6%	1,5 M €	+3.0%	1,4 M €	+7.1%	1,4 M €	-6.8%	1,4 M €	+23.0%	1,2 M €	+26.4%	931,4 k €	-4.0%	970,2 k €	+29.7%	747,9 k €	+2.1%	732,5 k €	+7.1%	683,6 k €	+7.4%	636,5 k €	+10.0%	578,4 k €
Cash	178,3 k €	+127%	78,5 k €	-55.8%	177,6 k €	-31.1%	257,6 k €	+27.5%	202 k €	-23.5%	264 k €	-4.4%	276,2 k €	-2.7%	283,9 k €	+1.1%	280,8 k €	+226%	86,2 k €	-55.5%	193,7 k €	-48.4%	375,2 k €	+71.3%	219,1 k €	+52.9%	143,3 k €	+106%	69,5 k €	-42.7%	121,4 k €	-8.8%	133,1 k €	+71.7%	77,5 k €	+470%	13,6 k €	+141%	5,6 k €
Debts	818,9 k €	+169%	304,1 k €	-17.5%	368,5 k €	-58.2%	881,8 k €	-4.1%	919 k €	+16.9%	786 k €	-2.8%	808,5 k €	-0.8%	815,4 k €	+1.0%	807 k €	+5.6%	763,9 k €	+7.8%	708,5 k €	-12.3%	807,7 k €	+32.6%	609 k €	+52.6%	399 k €	-15.9%	474,8 k €	+63.9%	289,8 k €	-4.3%	302,7 k €	-2.3%	309,7 k €	-6.3%	330,5 k €	+1.7%	325 k €
Other
Workforce	1,3 ETP		–		1,8 ETP	+63.6%	1,1 ETP	+10.0%	1,0 ETP	+233%	0,3 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 31/12/2025 · 4 active · 4 ended

Active mandates

ETIENNE PIETTE

Director

Active

FREDERIC PIETTE

Director

Active

HENRI DESCHAMPS

Director

Active

LUC-ANTOINE PIETTE

Director

Active

Ended mandates

ETIENNE PIETTE

Manager

Ended

FREDERIC PIETTE

Manager

Ended

HENRI DESCHAMPS

Manager

Ended

LUC-ANTOINE PIETTE

Manager

Ended

Annual accounts

Full financial information

	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	30/06/2026	26/08/2025	21/08/2024	31/07/2023	02/08/2022	10/08/2021
General meeting	18/06/2026	04/08/2025	26/06/2024	21/06/2023	22/06/2022	18/06/2021
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

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	31/12/2025	18/06/2026	30/06/2026	French	PDF
Abridged model	31/12/2024	04/08/2025	26/08/2025	French	PDF
Abridged model	31/12/2023	26/06/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	21/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	22/06/2022	02/08/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	10/08/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	20/08/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	13/08/2019	French	PDF
Abridged model	31/12/2017	22/06/2018	29/06/2018	French	PDF
Abridged model	31/12/2016	23/06/2017	04/07/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	08/08/2016	French	PDF
Abridged model	31/12/2014	17/04/2015	15/07/2015	French	PDF
Abridged model	31/12/2013	18/04/2014	07/08/2014	French	PDF
Abridged model	31/12/2012	19/04/2013	17/06/2013	French	PDF
Abridged model	31/12/2011	20/04/2012	06/06/2012	French	PDF
Abridged model	31/12/2010	15/04/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	20/07/2010	French	PDF
Abridged model	31/12/2008	28/07/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	30/07/2008	13/08/2008	French	PDF
Abridged model	31/12/2006	03/08/2007	30/08/2007	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 31/12/2025 · 4 active · 4 ended

Active mandates

ETIENNE PIETTE

Director

Active

FREDERIC PIETTE

Director

Active

HENRI DESCHAMPS

Director

Active

LUC-ANTOINE PIETTE

Director

Active

Ended mandates

ETIENNE PIETTE

Manager

Ended

FREDERIC PIETTE

Manager

Ended

HENRI DESCHAMPS

Manager

Ended

LUC-ANTOINE PIETTE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office02/12/2015
SIEGE SOCIAL
PDF
Capital / shares03/12/2003
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other03/12/2003
DIVERS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025471,9 k €↑
2024
Annual accounts 2024324,2 k €↑
2023
Annual accounts 2023312,9 k €↓
2022
Annual accounts 2022332,2 k €↑
2021
Annual accounts 2021264,8 k €↑
2020
Annual accounts 202027,6 k €↑
2019
Annual accounts 201923,6 k €↓
2018
Annual accounts 201859,1 k €↓
2017
Annual accounts 201790,6 k €↓
2016
Annual accounts 2016124 k €↑
2015
Annual accounts 201555,9 k €↓
2014
Annual accounts 2014212,3 k €↑
2013
Annual accounts 2013170,8 k €↑
2012
Annual accounts 2012136,9 k €↓
2011
Annual accounts 2011177,2 k €↑
2010
Annual accounts 201078,4 k €↓
2009
Annual accounts 2009122,5 k €↓
2008
Annual accounts 2008135,8 k €↑
2007
Annual accounts 200796,5 k €↑
2006
Annual accounts 200663,1 k €
24/10/1983
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

BALVINOX

Overview

What does BALVINOX do?

Trend over 20 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