ACTIVE

OLD SMUGGLER

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Financial year 2025 · Closed on 31/12/2025

Net result67 k €+52,0 %over 1 year

Gross margin532,7 k €+7,2 %over 1 year

Equity834,5 k €+2,0 %over 1 year

Workforce10,1 ETP-5,6 %over 1 year

Identity

Source · BCE/KBO

OLD SMUGGLER is a Private limited company incorporated in 1986. Its main activity is: Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores. Its registered office is in Büllingen. It employs on average 10,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0429.432.658
Incorporation: 25/08/1986
Legal form: Private limited company
Registered office: Hergersberg 1
4760 Büllingen · WallonieSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025
Average workforce: 10,1 ETP

Activities (NACE)

47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores· main 47241Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores 52240Cargo handling 55302Camping grounds, recreational vehicle parks and trailer parks 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities+9

Joint committees (2)

Signals

ProfitableSolid equityLow 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	532,7 k €	+7.2%	496,7 k €	+9.2%	455 k €	-1.9%	463,6 k €	+33.9%	346,3 k €
EBITDA	194 k €	+32.5%	146,5 k €	-10.3%	163,3 k €	-12.4%	186,4 k €	+90.7%	97,8 k €
Operating result	122,9 k €	+42.7%	86,1 k €	-18.8%	106 k €	-15.8%	125,9 k €	+219%	39,5 k €
Net result	67 k €	+52.0%	44,1 k €	-10.2%	49 k €	-34.0%	74,3 k €	+444%	13,6 k €
Balance sheet
Equity	834,5 k €	+2.0%	818,1 k €	+5.7%	774,1 k €	+6.8%	725 k €	+11.4%	650,8 k €
Total assets	966,1 k €	-0.8%	974 k €	+1.2%	962 k €	-8.5%	1,1 M €	+15.0%	914,5 k €
Cash	283,7 k €	-7.9%	308,2 k €	-3.2%	318,2 k €	-6.0%	338,4 k €	+71.0%	197,9 k €
Debts	131,6 k €	-15.6%	155,9 k €	-17.0%	187,9 k €	-42.4%	326,1 k €	+24.2%	262,5 k €
Other
Workforce	10,1 ETP	-5.6%	10,7 ETP	+18.9%	9,0 ETP	+4.7%	8,6 ETP	+1.2%	8,5 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

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michael Balter	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Guido Balter	Director2020 accounts
Hermann-Josef Balter	Manager2020 accounts

Other companies at this address

Hergersberg 1 4760 Büllingen

Company	CBE no.
EIFEL - GALERIE● Active	0416.892.637
KRIPPANA● Active	0435.576.322

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	27/07/2026	25/09/2025	23/09/2024	05/10/2023	05/10/2022	28/09/2021
General meeting	17/07/2026	23/09/2025	28/06/2024	23/06/2023	24/06/2022	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

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	17/07/2026	27/07/2026	German	PDF
Abridged model	31/12/2024	23/09/2025	25/09/2025	German	PDF
Abridged model	31/12/2023	28/06/2024	23/09/2024	German	PDF
Abridged model	31/12/2022	23/06/2023	05/10/2023	German	PDF
Abridged model	31/12/2021	24/06/2022	05/10/2022	German	PDF
Abridged model	31/12/2020	25/06/2021	28/09/2021	German	PDF
Abridged model	31/12/2019	26/06/2020	26/10/2020	German	PDF
Abridged model	31/12/2018	28/06/2019	10/10/2019	German	PDF
Abridged model	31/12/2017	22/06/2018	26/06/2018	German	PDF
Abridged model	31/12/2016	23/06/2017	05/07/2017	German	PDF
Abridged model	31/12/2015	24/06/2016	22/08/2016	German	PDF
Abridged model	31/12/2014	26/06/2015	06/07/2015	German	PDF
Abridged model	31/12/2013	27/06/2014	23/07/2014	German	PDF
Abridged model	31/12/2012	28/06/2013	28/08/2013	German	PDF
Abridged model	31/12/2011	29/06/2012	11/07/2012	German	PDF
Abridged model	31/12/2010	24/06/2011	07/07/2011	German	PDF
Abridged model	31/12/2009	25/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	27/06/2009	18/08/2009	German	PDF
Abridged model	31/12/2007	28/06/2008	29/09/2008	German	PDF
Abridged model	31/12/2006	22/06/2007	01/08/2007	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

1 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Michael Balter	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Guido Balter	Director2020 accounts
Hermann-Josef Balter	Manager2020 accounts

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/12/2024
KAPITAL - AKTIEN - ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - AENDERUNG RECHTSFORM
PDF
Mandates29/03/2021
ENTLASSUNG - ERNENNUNG
PDF
Registered office02/01/2014
GESELLSCHAFTSSITZ
PDF
Registered office31/08/2007
Verlegung des Gesellschaftssitzes
PDF
Mandates06/01/2004
ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG - KAPITAL - AKTIEN - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
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

Michael Balter

Guido Balter

Hermann-Josef Balter

19861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

OLD SMUGGLER

Hergersberg 1, 4760 Bullange

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hergersberg 1, 4760 BullangeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00351807

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
OLD SMUGGLERCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00351807

Events

2025
Annual accounts 202567 k €↑
2024
Annual accounts 202444,1 k €↓
2023
Annual accounts 202349 k €↓
2022
Annual accounts 202274,3 k €↑
2021
Annual accounts 202113,6 k €↓
2020
Annual accounts 202037,8 k €↑
2019
Annual accounts 201914,3 k €↓
2018
Annual accounts 201815,4 k €↑
2017
Annual accounts 20172 k €↓
2016
Annual accounts 201610,6 k €↓
2015
Annual accounts 201512,2 k €↓
2014
Annual accounts 201419,2 k €↓
2013
Annual accounts 201322,3 k €↑
2012
Annual accounts 201211,8 k €↓
2011
Annual accounts 201123,8 k €↑
2010
Annual accounts 201016,9 k €↓
2009
Annual accounts 200926,3 k €↓
2008
Annual accounts 200829,5 k €↑
2007
Annual accounts 200724,7 k €↑
2006
Annual accounts 20064,3 k €
25/08/1986
IncorporationPrivate limited company

OLD SMUGGLER

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