ACTIVE

BAALSE HEI

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Financial year 2025 · closed on 31/12/2025

Net result

546,4 k €

+99.5% YoY

Revenue

2,3 M €

+11.7% YoY

Equity

3,1 M €

+21.1% YoY

Workforce

5,1 ETP

+4.1% YoY

What does BAALSE HEI do?

BAALSE HEI is a Public limited company incorporated in 1989. Its main activity is: Holiday and other short-stay accommodation. Its registered office is in Turnhout. It employs on average 5,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.394.657

Incorporation

27/12/1989

Legal form

Public limited company

Registered office

Roodhuisstraat 10
2300 Turnhout · FlandreSee on map

Contributed capital

277 125,00 €

Latest accounts

31/12/2025

Average workforce

5,1 ETP

Activities (NACE)

55220Holiday and other short-stay accommodation· main 55300Camping grounds, recreational vehicle parks and trailer parks 55300Camping grounds, recreational vehicle parks and trailer parks 41001Construction of buildings 41201Construction of residential and non-residential buildings 45194Sale of other motor vehicles+9

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Revenue	2,3 M €	+11.7%	2 M €	-22.9%	2,6 M €	+12.7%	2,4 M €	+22.1%	1,9 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	1,2 M €	+42.1%	851,3 k €	-23.6%	1,1 M €	+9.2%	1 M €	+26.1%	809,2 k €	+84.5%	438,7 k €	-8.7%	480,3 k €	+5.2%	456,8 k €	+13.1%	403,9 k €	-1.1%	408,6 k €	+0.7%	405,7 k €	+69.3%	239,7 k €	+8.9%	220,1 k €	+10.7%	198,9 k €	+5.3%	188,9 k €	-8.0%	205,3 k €	-12.2%	233,8 k €	-5.0%	246,1 k €	+13.8%	216,3 k €	-1.2%	219 k €
Operating result	720,9 k €	+87.3%	385 k €	-41.8%	661,2 k €	+3.9%	636,6 k €	+17.3%	542,6 k €	+153%	214,7 k €	-28.4%	299,7 k €	-7.9%	325,2 k €	+0.1%	324,9 k €	-5.7%	344,6 k €	-0.7%	346,9 k €	+76.9%	196,1 k €	+9.1%	179,7 k €	+20.6%	149 k €	+16.7%	127,7 k €	-11.2%	143,7 k €	-7.1%	154,7 k €	+1.4%	152,6 k €	+38.6%	110,1 k €	+7.1%	102,7 k €
Net result	546,4 k €	+99.5%	273,8 k €	-42.8%	478,5 k €	+4.5%	457,9 k €	+4.5%	438,3 k €	+161%	167,6 k €	+15.2%	145,5 k €	-27.4%	200,4 k €	-27.8%	277,4 k €	-19.4%	344,2 k €	-2.3%	352,1 k €	+76.1%	199,9 k €	+10.6%	180,8 k €	-29.1%	254,9 k €	+123%	114,5 k €	-13.9%	133 k €	-10.8%	149,1 k €	+13.3%	131,6 k €	+36.9%	96,1 k €	+38.3%	69,5 k €
Balance sheet
Equity	3,1 M €	+21.1%	2,6 M €	+11.8%	2,3 M €	+26.1%	1,8 M €	+33.2%	1,4 M €	+46.7%	939 k €	+21.7%	771,4 k €	+23.3%	625,8 k €	+47.1%	425,5 k €	+72.6%	246,5 k €	+1.7%	242,3 k €	+0.9%	240,2 k €	+4.3%	230,3 k €	-1.9%	234,7 k €	+6.8%	219,8 k €	+4.0%	211,3 k €	+4.4%	202,3 k €	+4.7%	193,2 k €	+32.7%	145,6 k €	+9.1%	133,5 k €
Total assets	6 M €	+9.2%	5,5 M €	+15.6%	4,8 M €	+9.3%	4,4 M €	-4.9%	4,6 M €	+10.6%	4,2 M €	+9.6%	3,8 M €	+22.1%	3,1 M €	-4.3%	3,2 M €	+384%	669,7 k €	-7.7%	725,6 k €	+31.9%	550,3 k €	+1.3%	543 k €	-28.0%	753,7 k €	+20.5%	625,5 k €	-1.0%	632 k €	-25.0%	842,9 k €	+49.3%	564,6 k €	-22.4%	727,5 k €	+16.6%	624 k €
Cash	36,7 k €	-87.8%	300,5 k €	+167%	112,7 k €	-44.8%	204,1 k €	+36.4%	149,6 k €	+76.1%	85 k €	+109%	40,7 k €	-86.8%	308,9 k €	-29.0%	435,2 k €	+4.1%	418,2 k €	-8.0%	454,7 k €	+34.8%	337,3 k €	-1.5%	342,5 k €	-41.8%	588,6 k €	+77.8%	331,1 k €	-8.8%	363 k €	-23.6%	475,1 k €	+129%	207,8 k €	-20.3%	260,7 k €	+219%	81,7 k €
Debts	2,9 M €	-1.3%	2,9 M €	+19.1%	2,5 M €	-2.8%	2,5 M €	-21.2%	3,2 M €	+0.1%	3,2 M €	+6.5%	3 M €	+22.3%	2,5 M €	-11.5%	2,8 M €	+564%	420,7 k €	-12.1%	478,6 k €	+55.5%	307,8 k €	-0.4%	308,9 k €	-40.2%	516,5 k €	+71.6%	301 k €	-1.7%	306,2 k €	-41.4%	523,1 k €	+108%	251,2 k €	-43.5%	444,7 k €	+28.1%	347 k €
Other
Workforce	5,1 ETP	+4.1%	4,9 ETP	+28.9%	3,8 ETP	-13.6%	4,4 ETP	-15.4%	5,2 ETP	+23.8%	4,2 ETP	-8.7%	4,6 ETP	-20.7%	5,8 ETP	-1.7%	5,9 ETP	-3.3%	6,1 ETP	+5.2%	5,8 ETP	-6.5%	6,2 ETP	+29.2%	4,8 ETP	-2.0%	4,9 ETP	+36.1%	3,6 ETP	-21.7%	4,6 ETP	0.0%	4,6 ETP	+76.9%	2,6 ETP	+62.5%	1,6 ETP	-23.8%	2,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

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

Active mandates

Dominique Nédée

Managing director

Active

Ended mandates

Arden Parks Belgium

Director · since 29 janvier 2018 · until 29 janvier 2024 · 0475.660.482

Represented by Dominique Nédée

Ended

Dominique Nédée

Managing director · since 29 janvier 2018 · until 29 janvier 2024

Ended

Arden Parks Belgium

Director · since 21 décembre 2017 · 0475.660.482

Represented by Dominique Nédée

Ended

Dominique Nédée

Managing director · since 21 décembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
SVASTA DEVELOPMENT● Active	0801.688.469

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	22/06/2026	23/07/2025	05/06/2024	12/06/2023	06/09/2022	31/05/2021
General meeting	05/05/2026	06/05/2025	07/05/2024	02/05/2023	03/05/2022	04/05/2021
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	05/05/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/05/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/05/2024	05/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	12/06/2023	Dutch	PDF
Abridged model	31/12/2021	03/05/2022	06/09/2022	Dutch	PDF
Abridged model	31/12/2020	04/05/2021	31/05/2021	Dutch	PDF
Abridged model	31/12/2019	05/05/2020	16/11/2020	Dutch	PDF
Abridged model	31/12/2018	07/05/2019	27/09/2019	Dutch	PDF
Abridged model	31/12/2017	02/05/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	14/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/05/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/05/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	23/10/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	12/09/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/05/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	05/05/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	23/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 31 ended

Active mandates

Dominique Nédée

Managing director

Active

Ended mandates

Arden Parks Belgium

Director · since 29 janvier 2018 · until 29 janvier 2024 · 0475.660.482

Represented by Dominique Nédée

Ended

Dominique Nédée

Managing director · since 29 janvier 2018 · until 29 janvier 2024

Ended

Arden Parks Belgium

Director · since 21 décembre 2017 · 0475.660.482

Represented by Dominique Nédée

Ended

Dominique Nédée

Managing director · since 21 décembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/02/2018
KAPITAAL - AANDELEN
PDF
Mandates08/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/03/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring27/08/2014
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares15/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025546,4 k €↑
2024
Annual accounts 2024273,8 k €↓
2023
Annual accounts 2023478,5 k €↑
2022
Annual accounts 2022457,9 k €↑
2021
Annual accounts 2021438,3 k €↑
2020
Annual accounts 2020167,6 k €↑
2019
Annual accounts 2019145,5 k €↓
2018
Annual accounts 2018200,4 k €↓
2017
Annual accounts 2017277,4 k €↓
2016
Annual accounts 2016344,2 k €↓
2015
Annual accounts 2015352,1 k €↑
2014
Annual accounts 2014199,9 k €↑
2013
Annual accounts 2013180,8 k €↓
2012
Annual accounts 2012254,9 k €↑
2011
Annual accounts 2011114,5 k €↓
2010
Annual accounts 2010133 k €↓
2009
Annual accounts 2009149,1 k €↑
2008
Annual accounts 2008131,6 k €↑
2007
Annual accounts 200796,1 k €↑
2006
Annual accounts 200669,5 k €
27/12/1989
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

BAALSE HEI

Overview

What does BAALSE HEI do?

Trend over 20 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