ACTIVE

BALHAN

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Financial year 2025 · closed on 31/12/2025

Net result

27,8 k €

+442.0% YoY

Gross margin

35,5 k €

+24.7% YoY

Equity

64 k €

+76.7% YoY

What does BALHAN do?

BALHAN is a Private limited company incorporated in 1995. Its main activity is: Joinery installation. Its registered office is in Verviers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.540.713

Incorporation

23/02/1995

Legal form

Private limited company

Registered office

Rue aux Laines 63A
4800 Verviers · WallonieSee on map

Contributed capital

33 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories

Contacts

4 public details availableLog in to view

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	35,5 k €	+24.7%	28,5 k €	+102%	14,1 k €	+142%	-34 k €	-248%	23 k €	+52.9%	15 k €	-79.0%	71,5 k €	+65.2%	43,2 k €	-0.0%	43,3 k €	+130%	18,8 k €	-47.0%	35,5 k €	-78.1%	161,9 k €	-4.3%	169,1 k €	+5.7%	159,9 k €	+22.8%	130,2 k €	+42.6%	91,3 k €	-41.6%	156,4 k €	-10.1%	173,9 k €	-1.3%	176,2 k €	+40.2%	125,6 k €
EBITDA	32,3 k €	+21.4%	26,6 k €	+105%	13 k €	+136%	-35,7 k €	-264%	21,8 k €	+60.2%	13,6 k €	-79.3%	65,5 k €	+70.2%	38,5 k €	-5.0%	40,5 k €	+215%	12,8 k €	-13.3%	14,8 k €	-79.8%	73,2 k €	+18.1%	62 k €	+13.5%	54,6 k €	+67.8%	32,6 k €	+299%	-16,3 k €	-126%	61,7 k €	+39.6%	44,2 k €	-17.0%	53,2 k €	+49.6%	35,6 k €
Operating result	30,8 k €	+245%	8,9 k €	+200%	-8,9 k €	+84.6%	-57,6 k €	-7258%	804,2 €	-79.9%	4 k €	-93.0%	57,4 k €	+88.8%	30,4 k €	-12.8%	34,9 k €	+468%	6,1 k €	+305%	1,5 k €	-95.3%	32,1 k €	+80.0%	17,8 k €	+483%	3,1 k €	+116%	-18,7 k €	+75.1%	-75 k €	-1566%	5,1 k €	-31.4%	7,4 k €	-55.3%	16,7 k €	+4066%	-420 €
Net result	27,8 k €	+442%	5,1 k €	+156%	-9,2 k €	+84.2%	-58,1 k €	-31334%	186 €	-94.4%	3,3 k €	-92.3%	43,3 k €	+519%	7 k €	-37.1%	11,1 k €	+23571%	46,9 €	+100%	-19,2 k €	-206%	18,1 k €	+45.1%	12,5 k €	+310%	-5,9 k €	+81.3%	-31,7 k €	+57.6%	-74,9 k €	-534%	-11,8 k €	-200%	11,8 k €	+224%	3,6 k €	+3.2%	3,5 k €
Balance sheet
Equity	64 k €	+76.7%	36,2 k €	-6.2%	38,6 k €	-20.2%	48,4 k €	-54.8%	107 k €	-0.4%	107,4 k €	+0.1%	107,3 k €	+66.1%	64,6 k €	+6.4%	60,7 k €	+18.3%	51,3 k €	-1.3%	52 k €	-31.5%	76 k €	+3.0%	73,7 k €	+9.8%	67,2 k €	+475%	-17,9 k €	-192%	19,5 k €	-77.3%	85,7 k €	-12.4%	97,8 k €	+13.2%	86,4 k €	+42.6%	60,6 k €
Total assets	179,9 k €	+77.7%	101,3 k €	-14.0%	117,7 k €	-19.4%	146 k €	-20.6%	183,9 k €	-9.4%	203 k €	+6.1%	191,2 k €	+12.8%	169,5 k €	-4.3%	177,2 k €	-22.0%	227,1 k €	-4.3%	237,4 k €	-9.7%	262,7 k €	-3.0%	271 k €	-18.1%	330,8 k €	-3.2%	341,8 k €	-20.3%	429 k €	-8.0%	466,5 k €	+38.9%	335,8 k €	+2.5%	327,8 k €	-1.4%	332,4 k €
Cash	19,5 k €	+168%	7,3 k €	+1625%	420,9 €	+3695%	11,1 €	-99.9%	7,9 k €	-70.6%	26,8 k €	+58.1%	17 k €	+40.0%	12,1 k €	+13.6%	10,7 k €	-50.8%	21,7 k €	+37.1%	15,8 k €	-37.0%	25,1 k €	+24019%	104 €	-87.8%	851 €	+726%	103 €	+33.8%	77 €	-62.3%	204 €	-10.9%	229 €	-97.7%	9,8 k €	+367%	2,1 k €
Debts	116 k €	+87.0%	62 k €	-21.3%	78,9 k €	-17.3%	95,4 k €	+24.5%	76,6 k €	-19.7%	95,4 k €	+21.0%	78,8 k €	-24.6%	104,6 k €	-10.2%	116,4 k €	-32.6%	172,7 k €	-6.3%	184,3 k €	-0.5%	185,3 k €	-5.1%	195,3 k €	-25.4%	261,7 k €	-26.7%	357,2 k €	-12.2%	406,7 k €	+7.4%	378,7 k €	+59.5%	237,4 k €	-1.4%	240,7 k €	-10.8%	269,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,5 ETP	-82.1%	2,8 ETP	-9.7%	3,1 ETP	+3.3%	3,0 ETP	+50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-33.3%	3,0 ETP	0.0%	3,0 ETP	+50.0%	2,0 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 · 5 ended

Active mandates

PIERRE BALHAN

Mandate

Active

Ended mandates

Pierre BALHAN

Manager · since 01 janvier 1995

Ended

CECILE JUPRELLE

Director · until 15 octobre 2020

Ended

CECILE JUPRELLE

Manager

Ended

PIERRE BALHAN

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires de la Résidence LA MENUISERIE, à 4800 Verviers, rue aux Laines 63A● Active	1018.240.276

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	07/07/2026	27/08/2025	26/08/2024	31/08/2023	31/08/2022	16/08/2021
General meeting	15/06/2026	16/06/2025	17/06/2024	19/06/2023	20/06/2022	14/06/2021
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
Micro model	31/12/2025	15/06/2026	07/07/2026	French	PDF
Micro model	31/12/2024	16/06/2025	27/08/2025	French	PDF
Micro model	31/12/2023	17/06/2024	26/08/2024	French	PDF
Micro model	31/12/2022	19/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	20/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	14/06/2021	16/08/2021	French	PDF
Micro model	31/12/2019	15/06/2020	17/08/2020	French	PDF
Micro model	31/12/2018	17/06/2019	26/08/2019	French	PDF
Micro model	31/12/2017	18/06/2018	20/06/2018	French	PDF
Micro model	31/12/2016	19/06/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	29/09/2016	03/11/2016	French	PDF
Abridged model	31/12/2014	29/12/2015	15/02/2016	French	PDF
Abridged model	31/12/2013	16/06/2014	20/03/2015	French	PDF
Abridged model	31/12/2012	17/06/2013	26/12/2013	French	PDF
Abridged model	31/12/2011	18/06/2012	22/06/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	29/07/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	16/06/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	18/06/2007	27/08/2007	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 · 5 ended

Active mandates

PIERRE BALHAN

Mandate

Active

Ended mandates

Pierre BALHAN

Manager · since 01 janvier 1995

Ended

CECILE JUPRELLE

Director · until 15 octobre 2020

Ended

CECILE JUPRELLE

Manager

Ended

PIERRE BALHAN

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/11/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates23/02/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares23/08/2012
CAPITAL, ACTIONS
PDF
Mandates12/01/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2005
DEMISSIONS, NOMINATIONS - OBJET - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - 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 202527,8 k €↑
2024
Annual accounts 20245,1 k €↑
2023
Annual accounts 2023-9,2 k €↑
2022
Annual accounts 2022-58,1 k €↓
2021
Annual accounts 2021186 €↓
2020
Annual accounts 20203,3 k €↓
2019
Annual accounts 201943,3 k €↑
2018
Annual accounts 20187 k €↓
2017
Annual accounts 201711,1 k €↑
2016
Annual accounts 201646,9 €↑
2015
Annual accounts 2015-19,2 k €↓
2014
Annual accounts 201418,1 k €↑
2013
Annual accounts 201312,5 k €↑
2012
Annual accounts 2012-5,9 k €↑
2011
Annual accounts 2011-31,7 k €↑
2010
Annual accounts 2010-74,9 k €↓
2009
Annual accounts 2009-11,8 k €↓
2008
Annual accounts 200811,8 k €↑
2007
Annual accounts 20073,6 k €↑
2006
Annual accounts 20063,5 k €
23/02/1995
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

BALHAN

Overview

What does BALHAN 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