ACTIVE

IJZERWAREN DE BALANS

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Financial year 2025 · closed on 31/12/2025

Net result

45 k €

-22.2% YoY

Gross margin

418,5 k €

+10.6% YoY

Equity

1 M €

+4.5% YoY

Workforce

5,2 ETP

+15.6% YoY

What does IJZERWAREN DE BALANS do?

IJZERWAREN DE BALANS is a Public limited company incorporated in 1994. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Zele. It employs on average 5,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.892.613

Incorporation

15/02/1994

Legal form

Public limited company

Registered office

Industriestraat 29
9240 Zele · FlandreSee on map

Contributed capital

74 500,00 €

Latest accounts

31/12/2025

Average workforce

5,2 ETP

Activities (NACE)

46741Wholesale of hardware, plumbing and heating equipment and supplies· main 46841Wholesale trade, except of motor vehicles and motorcycles 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 51541Air transport 52461Warehousing and support activities for transportation

Joint committees (2)

14904
201

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 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	418,5 k €	+10.6%	378,4 k €	-11.6%	427,8 k €	+0.9%	423,9 k €	+29.9%	326,3 k €	+32.9%	245,5 k €	+0.6%	244,1 k €	+20.2%	203 k €	+18.3%	171,6 k €	-11.0%	192,9 k €	+8.9%	177,2 k €	-22.2%	227,8 k €	+270%	61,5 k €	-75.9%	255,3 k €	-0.1%	255,6 k €	+24.9%	204,7 k €	-7.2%	220,6 k €	-8.0%	239,7 k €	-0.1%	239,9 k €
EBITDA	150,9 k €	+7.3%	140,6 k €	-24.8%	186,9 k €	-13.3%	215,5 k €	+82.4%	118,1 k €	+106%	57,2 k €	-42.0%	98,6 k €	+48.1%	66,6 k €	+255%	18,8 k €	-37.4%	30 k €	-5.2%	31,6 k €	-69.8%	104,5 k €	+512%	-25,4 k €	-115%	169,6 k €	-0.8%	171,1 k €	+40.2%	122 k €	-13.4%	140,9 k €	-13.6%	163,1 k €	+2.4%	159,2 k €
Operating result	56,7 k €	-23.2%	73,8 k €	-52.7%	156,1 k €	-17.3%	188,8 k €	+74.4%	108,2 k €	+117%	50 k €	-6.0%	53,1 k €	+14.3%	46,5 k €	+76.9%	26,3 k €	+390%	5,4 k €	-77.4%	23,7 k €	-76.0%	98,7 k €	+330%	-43 k €	-130%	143,8 k €	-8.2%	156,7 k €	+43.2%	109,4 k €	-9.6%	121 k €	-16.0%	144,1 k €	+2.8%	140,1 k €
Net result	45 k €	-22.2%	57,9 k €	-54.9%	128,2 k €	-8.8%	140,7 k €	+80.8%	77,8 k €	+143%	32 k €	-6.5%	34,2 k €	+39.7%	24,5 k €	+39.3%	17,6 k €	+400%	3,5 k €	-84.7%	23 k €	-71.5%	80,7 k €	+346%	-32,8 k €	-127%	120,7 k €	-2.3%	123,6 k €	+18.7%	104,1 k €	+0.8%	103,3 k €	-13.3%	119,1 k €	-0.6%	119,9 k €
Balance sheet
Equity	1 M €	+4.5%	998,4 k €	+6.2%	940,5 k €	+15.8%	812,3 k €	+0.1%	811,6 k €	+26.4%	642,3 k €	-42.1%	1,1 M €	+3.2%	1,1 M €	+2.3%	1,1 M €	+1.7%	1 M €	+0.3%	1 M €	+2.3%	1 M €	+8.7%	926,9 k €	-3.4%	959,7 k €	+14.4%	839 k €	+17.3%	715,4 k €	-29.4%	1 M €	+11.3%	910,1 k €	+15.1%	790,9 k €
Total assets	1,8 M €	-3.7%	1,9 M €	+7.6%	1,8 M €	+13.2%	1,6 M €	+15.5%	1,4 M €	-4.6%	1,4 M €	-1.4%	1,4 M €	-8.5%	1,6 M €	-6.9%	1,7 M €	+7.7%	1,6 M €	+6.0%	1,5 M €	+15.1%	1,3 M €	+25.7%	1 M €	+1.1%	1 M €	+12.8%	899,2 k €	-5.8%	954,3 k €	-11.1%	1,1 M €	+7.7%	996,2 k €	+12.0%	889,2 k €
Cash	230,9 k €	-18.1%	281,9 k €	+98.6%	141,9 k €	-19.3%	176 k €	+6.0%	166 k €	+68.1%	98,8 k €	+94.2%	50,8 k €	-63.2%	138,2 k €	-5.8%	146,8 k €	+8.6%	135,2 k €	+107%	65,3 k €	-42.8%	114,2 k €	+95.5%	58,4 k €	-48.8%	114 k €	+489%	19,4 k €	-61.3%	50 k €	-14.4%	58,5 k €	-65.4%	168,9 k €	+143%	69,6 k €
Debts	797,3 k €	-12.6%	912,1 k €	+9.2%	835,5 k €	+10.5%	756,3 k €	+38.5%	546,1 k €	-30.1%	781 k €	+135%	332,8 k €	-33.5%	500,8 k €	-22.0%	641,8 k €	+19.1%	539 k €	+18.8%	453,5 k €	+60.9%	281,9 k €	+204%	92,6 k €	+69.5%	54,6 k €	-8.4%	59,7 k €	-74.9%	238 k €	+305%	58,7 k €	-30.7%	84,7 k €	-12.2%	96,6 k €
Other
Workforce	5,2 ETP	+15.6%	4,5 ETP	-4.3%	4,7 ETP	+4.4%	4,5 ETP	-27.4%	6,2 ETP	+10.7%	5,6 ETP	+24.4%	4,5 ETP	-2.2%	4,6 ETP	0.0%	4,6 ETP	0.0%	4,6 ETP	+2.2%	4,5 ETP	0.0%	4,5 ETP	+125%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

ARSA

Director · since 31 mai 2018 · 0861.805.804

Represented by Top SELAMI

Active

Sevgi Top

Managing director · since 30 mai 2018

Active

Ended mandates

ARSA

Director · since 31 mai 2018 · until 31 mai 2024 · 0861.805.804

Ended

SEVGI TOP

Managing director · since 31 mai 2018 · until 31 mai 2024

Ended

ARSA

Director · since 01 janvier 2013 · until 31 mai 2018 · 0861.805.804

Ended

ARSA

Director · since 01 janvier 2013 · until 31 mai 2018 · 0861.805.804

Represented by SELAMI TOP

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	27/08/2026	29/08/2025	25/08/2024	28/08/2023	28/08/2022	31/08/2021
General meeting	27/08/2026	29/08/2025	22/08/2024	24/08/2023	25/08/2022	30/08/2021
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	27/08/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	22/08/2024	25/08/2024	Dutch	PDF
Abridged model	31/12/2022	24/08/2023	28/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/08/2022	28/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/08/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	03/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/08/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	29/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	28/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/08/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	31/05/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	24/05/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	02/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	03/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	30/05/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	25/05/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

ARSA

Director · since 31 mai 2018 · 0861.805.804

Represented by Top SELAMI

Active

Sevgi Top

Managing director · since 30 mai 2018

Active

Ended mandates

ARSA

Director · since 31 mai 2018 · until 31 mai 2024 · 0861.805.804

Ended

SEVGI TOP

Managing director · since 31 mai 2018 · until 31 mai 2024

Ended

ARSA

Director · since 01 janvier 2013 · until 31 mai 2018 · 0861.805.804

Ended

ARSA

Director · since 01 janvier 2013 · until 31 mai 2018 · 0861.805.804

Represented by SELAMI TOP

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other29/03/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/06/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares26/09/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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 202545 k €↓
2024
Annual accounts 202457,9 k €↓
2023
Annual accounts 2023128,2 k €↓
2022
Annual accounts 2022140,7 k €↑
2021
Annual accounts 202177,8 k €↑
2019
Annual accounts 201932 k €↓
2018
Annual accounts 201834,2 k €↑
2017
Annual accounts 201724,5 k €↑
2016
Annual accounts 201617,6 k €↑
2015
Annual accounts 20153,5 k €↓
2014
Annual accounts 201423 k €↓
2013
Annual accounts 201380,7 k €↑
2012
Annual accounts 2012-32,8 k €↓
2011
Annual accounts 2011120,7 k €↓
2010
Annual accounts 2010123,6 k €↑
2009
Annual accounts 2009104,1 k €↑
2008
Annual accounts 2008103,3 k €↓
2007
Annual accounts 2007119,1 k €↓
2006
Annual accounts 2006119,9 k €
15/02/1994
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

IJZERWAREN DE BALANS

Overview

What does IJZERWAREN DE BALANS do?

Trend over 19 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