ACTIVE

BALLADIN

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Financial year 2025 · closed on 31/12/2025

Net result

-39,7 k €

+66.5% YoY

Gross margin

159,7 k €

+8.5% YoY

Equity

112,2 k €

-26.1% YoY

Workforce

6,0 ETP

-11.8% YoY

What does BALLADIN do?

BALLADIN is a Private limited company incorporated in 1985. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Awans. It employs on average 6,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.964.691

Incorporation

28/10/1985

Legal form

Private limited company

Registered office

Rue de Bruxelles 7
4340 Awans · WallonieSee on map

Contributed capital

118 592,01 €

Latest accounts

31/12/2025

Average workforce

6,0 ETP

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores 47722Retail sale of footwear and leather goods in specialised stores 47722Retail sale of footwear and leather goods in specialised stores 52432Warehousing and support activities for transportation

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	159,7 k €	+8.5%	147,3 k €	-43.1%	258,8 k €	-28.4%	361,5 k €	+46.4%	246,8 k €	-38.0%	398 k €	+3.9%	383,1 k €	-10.8%	429,4 k €	+2.7%	417,9 k €	-12.5%	477,4 k €	+17.1%	407,6 k €	+63.9%	248,7 k €	+5.3%	236,1 k €	+62.8%	145,1 k €	+39.3%	104,1 k €	+64.8%	63,2 k €	+93.2%	32,7 k €	-48.4%	63,4 k €
EBITDA	30,4 k €	+183%	-36,7 k €	-330%	-8,5 k €	-109%	91,3 k €	+55.5%	58,7 k €	-51.5%	121 k €	+3.8%	116,6 k €	-42.1%	201,5 k €	+50.9%	133,5 k €	-36.8%	211,3 k €	+9.0%	193,9 k €	+100%	96,7 k €	-3.8%	100,6 k €	+52.8%	65,8 k €	+7.1%	61,5 k €	+28.4%	47,9 k €	+57.2%	30,5 k €	-50.3%	61,3 k €
Operating result	-12,6 k €	+85.4%	-86,2 k €	-40.5%	-61,3 k €	-247%	41,8 k €	+926%	4,1 k €	-93.0%	57,8 k €	+12.2%	51,5 k €	-64.0%	143,3 k €	+96.0%	73,1 k €	-51.7%	151,4 k €	+16.0%	130,5 k €	+169%	48,6 k €	+1.9%	47,7 k €	+63.8%	29,1 k €	-41.0%	49,4 k €	+39.1%	35,5 k €	+100%	17,8 k €	-64.0%	49,4 k €
Net result	-39,7 k €	+66.5%	-118,4 k €	-40.1%	-84,5 k €	-579%	17,6 k €	+171%	-25 k €	-238%	18,2 k €	+47.0%	12,3 k €	-79.3%	59,8 k €	+281%	15,7 k €	-83.7%	96 k €	+37.3%	69,9 k €	+425%	13,3 k €	+20.8%	11 k €	+59.2%	6,9 k €	-83.1%	41 k €	+39.7%	29,4 k €	-28.7%	41,2 k €	+12.4%	36,7 k €
Balance sheet
Equity	112,2 k €	-26.1%	151,9 k €	-43.8%	270,3 k €	-23.8%	354,8 k €	+5.2%	337,2 k €	-21.6%	430,2 k €	+4.4%	412,1 k €	+3.1%	399,7 k €	+17.6%	340 k €	+4.8%	324,3 k €	+42.1%	228,3 k €	+40.0%	163 k €	+12.4%	145 k €	+18.1%	122,8 k €	+6.0%	115,9 k €	+54.8%	74,9 k €	+64.5%	45,5 k €	+956%	4,3 k €
Total assets	582,3 k €	-9.4%	642,6 k €	-12.7%	736 k €	-6.8%	790 k €	-4.0%	822,7 k €	-18.3%	1 M €	-0.3%	1 M €	-4.3%	1,1 M €	+10.1%	959,5 k €	-10.9%	1,1 M €	+9.0%	988 k €	+7.4%	920,3 k €	+1.3%	908,2 k €	+4.0%	873,5 k €	+170%	324 k €	+21.4%	267 k €	-2.4%	273,5 k €	-8.5%	298,8 k €
Cash	55,5 k €	-20.0%	69,3 k €	-44.9%	125,8 k €	-12.3%	143,4 k €	-11.7%	162,3 k €	-7.1%	174,8 k €	-12.5%	199,7 k €	-29.2%	282,1 k €	+20.5%	234,1 k €	-16.0%	278,6 k €	+78.4%	156,2 k €	+84.0%	84,9 k €	+166%	32 k €	+102%	15,8 k €	-58.7%	38,3 k €	+348%	8,5 k €	-57.8%	20,2 k €	+198%	6,8 k €
Debts	470 k €	-4.1%	490,1 k €	+5.4%	465,1 k €	+7.0%	434,6 k €	-10.4%	484,9 k €	-16.0%	577,1 k €	-3.6%	598,7 k €	-8.9%	657 k €	+8.1%	607,9 k €	-18.0%	741,3 k €	+0.1%	740,2 k €	+1.4%	730 k €	+0.3%	728,1 k €	-3.0%	750,6 k €	+263%	206,9 k €	+7.7%	192,1 k €	-15.7%	228 k €	-22.6%	294,5 k €
Other
Workforce	6,0 ETP	-11.8%	6,8 ETP	-6.8%	7,3 ETP	+5.8%	6,9 ETP	+30.2%	5,3 ETP		–		–		–		–		9,1 ETP	+26.4%	7,2 ETP	+35.8%	5,3 ETP	-18.5%	6,5 ETP	+75.7%	3,7 ETP	+94.7%	1,9 ETP	+90.0%	1,0 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Olivier Vandorselaer

Director · since 25 juillet 1997

Active

Ended mandates

Olivier Vandorselaer

Administrator - manager · since 01 juin 2004

Ended

Olivier VANDORSELAER

Administrator - 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	30/07/2026	29/08/2025	12/07/2024	07/07/2023	29/07/2022	27/07/2021
General meeting	30/06/2026	30/06/2025	27/06/2024	27/06/2023	30/06/2022	25/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	12/07/2024	French	PDF
Abridged model	31/12/2022	27/06/2023	07/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	27/07/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	25/09/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	12/07/2018	French	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	12/05/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	31/08/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	12/04/2009	30/04/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	30/12/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 2 ended

Active mandates

Olivier Vandorselaer

Director · since 25 juillet 1997

Active

Ended mandates

Olivier Vandorselaer

Administrator - manager · since 01 juin 2004

Ended

Olivier VANDORSELAER

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates06/02/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates11/06/2004
DENOMINATION - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - 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 2025-39,7 k €↑
2024
Annual accounts 2024-118,4 k €↓
2023
Annual accounts 2023-84,5 k €↓
2022
Annual accounts 202217,6 k €↑
2021
Annual accounts 2021-25 k €↓
2019
Annual accounts 201918,2 k €↑
2018
Annual accounts 201812,3 k €↓
2017
Annual accounts 201759,8 k €↑
2016
Annual accounts 201615,7 k €↓
2015
Annual accounts 201596 k €↑
2014
Annual accounts 201469,9 k €↑
2013
Annual accounts 201313,3 k €↑
2012
Annual accounts 201211 k €↑
2011
Annual accounts 20116,9 k €↓
2010
Annual accounts 201041 k €↑
2009
Annual accounts 200929,4 k €↓
2008
Annual accounts 200841,2 k €↑
2007
Annual accounts 200736,7 k €
28/10/1985
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

BALLADIN

Overview

What does BALLADIN do?

Trend over 18 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