ACTIVE

BADR

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Financial year 2024 · closed on 31/12/2024

Net result

242,6 k €

-16.6% YoY

Gross margin

882,7 k €

+8.0% YoY

Equity

1,9 M €

+14.8% YoY

Workforce

0,0 ETP

-100.0% YoY

What does BADR do?

BADR is a Private limited company incorporated in 1995. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.806.958

Incorporation

08/08/1995

Legal form

Private limited company

Registered office

Rue Marie-Christine 199
1020 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	882,7 k €	+8.0%	817,5 k €	+28.4%	636,9 k €	-2.3%	651,7 k €	-19.3%	807,8 k €	+19.4%	676,4 k €	+9.9%	615,3 k €	+19.4%	515,2 k €	+14.9%	448,5 k €	+24.6%	359,9 k €	+49.5%	240,7 k €	+87.6%	128,3 k €	-26.2%	173,9 k €	-56.4%	398,6 k €	+11.5%	357,3 k €	-7.6%	386,9 k €	-16.1%	461,2 k €	+26.3%	365 k €	-3.1%	376,6 k €
EBITDA	435,7 k €	+8.0%	403,3 k €	+119%	183,9 k €	-24.7%	244,3 k €	-38.4%	396,8 k €	+73.7%	228,4 k €	+6.9%	213,7 k €	+84.8%	115,6 k €	+197%	38,9 k €	+26.0%	30,9 k €	+83.0%	16,9 k €	+135%	-48,1 k €	+48.4%	-93,1 k €	-181%	115 k €	+53.5%	74,9 k €	-46.8%	140,8 k €	-25.2%	188,3 k €	+97.8%	95,2 k €	-28.3%	132,9 k €
Operating result	324 k €	+11.4%	290,8 k €	+244%	84,5 k €	-41.7%	144,9 k €	-51.5%	298,6 k €	+128%	130,7 k €	+26.8%	103 k €	+937%	9,9 k €	+158%	-17,1 k €	-4.0%	-16,5 k €	+36.8%	-26,1 k €	+63.1%	-70,7 k €	+38.5%	-114,9 k €	-265%	69,6 k €	+118%	32 k €	-66.7%	96,1 k €	-36.2%	150,7 k €	+264%	41,4 k €	-48.4%	80,2 k €
Net result	242,6 k €	-16.6%	290,7 k €	+795%	32,5 k €	-53.4%	69,8 k €	-77.5%	309,9 k €	+127%	136,4 k €	+24.2%	109,9 k €	+451%	20 k €	+182%	7,1 k €	-66.7%	21,2 k €	+215%	6,7 k €	+130%	-22,6 k €	+24.9%	-30,1 k €	-134%	89,7 k €	+627%	12,3 k €	-72.7%	45,2 k €	-65.8%	132,3 k €	+688%	16,8 k €	-84.1%	105,6 k €
Balance sheet
Equity	1,9 M €	+14.8%	1,6 M €	+21.6%	1,3 M €	+2.5%	1,3 M €	+5.6%	1,2 M €	+33.1%	935,1 k €	+17.1%	798,6 k €	+15.9%	688,8 k €	+3.0%	668,8 k €	+1.1%	661,8 k €	+3.3%	640,5 k €	+1.1%	633,8 k €	-3.4%	656,4 k €	-4.4%	686,5 k €	+15.0%	596,8 k €	+2.1%	584,4 k €	+8.4%	539,2 k €	+32.5%	406,9 k €	+5.8%	384,8 k €
Total assets	2,4 M €	+15.6%	2,1 M €	+16.7%	1,8 M €	-4.5%	1,9 M €	+7.2%	1,8 M €	+30.0%	1,4 M €	+6.3%	1,3 M €	+6.9%	1,2 M €	+32.7%	895,5 k €	+2.5%	873,9 k €	+1.8%	858 k €	+13.7%	754,5 k €	-4.8%	792,5 k €	-10.5%	885,4 k €	+18.2%	749,4 k €	-4.5%	784,7 k €	+10.4%	711 k €	+22.6%	579,8 k €	+5.8%	548,2 k €
Cash	1,8 M €	+30.2%	1,4 M €	+83.6%	736,9 k €	-15.3%	870,3 k €	+15.9%	751,2 k €	+104%	368,1 k €	+0.6%	366,1 k €	+69.8%	215,6 k €	+30.3%	165,5 k €	-71.4%	578,1 k €	+20.4%	480,2 k €	+21.3%	395,9 k €	-16.4%	473,7 k €	-20.0%	592,2 k €	+59.9%	370,3 k €	-11.6%	418,7 k €	-15.5%	495,7 k €	+72.1%	287,9 k €	+19.8%	240,4 k €
Debts	542,8 k €	+19.1%	455,9 k €	+1.3%	450,2 k €	-20.7%	567,8 k €	+11.0%	511,6 k €	+22.9%	416,2 k €	-11.9%	472,4 k €	-5.5%	499,7 k €	+120%	226,7 k €	+6.9%	212,1 k €	-2.5%	217,5 k €	+80.2%	120,7 k €	-11.3%	136,1 k €	-31.6%	198,9 k €	+30.3%	152,6 k €	-23.8%	200,2 k €	+16.5%	171,9 k €	-0.6%	172,9 k €	+5.8%	163,4 k €
Other
Workforce	0,0 ETP	-100%	395 305,4 ETP	+3467491%	11,4 ETP	-7.3%	12,3 ETP	0.0%	12,3 ETP	-7.5%	13,3 ETP	+13.7%	11,7 ETP	+4.5%	11,2 ETP	+12.0%	10,0 ETP	+1.0%	9,9 ETP	+45.6%	6,8 ETP	+36.0%	5,0 ETP	-35.1%	7,7 ETP	-10.5%	8,6 ETP	+4.9%	8,2 ETP	+3.8%	7,9 ETP	-14.1%	9,2 ETP	+2.2%	9,0 ETP	+8.4%	8,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 5 ended

Active mandates

BADR EDDINE EL BELHADJI

Mandate

Active

Mohamed EL BELHADJI

Mandate

Active

Ended mandates

KHALID EL BELHADJI

Manager · since 01 janvier 2006 · until 31 décembre 2012

Ended

MOHAMED EL BEKHADJI

Manager · since 01 janvier 2006 · until 31 décembre 2012

Ended

BADR EDDINE EL BELHADJI

Manager

Ended

MOHAMED EL BEKHADJI

Mandate

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/08/2025	12/08/2024	03/10/2023	30/08/2022	19/08/2021	25/09/2020
General meeting	25/06/2025	28/06/2024	24/06/2023	24/06/2022	25/06/2021	25/06/2020
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	25/06/2025	21/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	12/08/2024	French	PDF
Abridged modelCorrection	31/12/2022	24/06/2023	03/10/2023	French	PDF
Abridged model	31/12/2022	24/06/2023	01/09/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	19/08/2021	French	PDF
Abridged model	31/12/2019	25/06/2020	25/09/2020	French	PDF
Abridged model	31/12/2018	30/05/2019	23/08/2019	French	PDF
Abridged model	31/12/2017	28/05/2018	21/08/2018	French	PDF
Abridged model	31/12/2016	29/06/2017	19/07/2017	French	PDF
Abridged modelCorrection	31/12/2015	26/05/2016	10/10/2016	French	PDF
Abridged model	31/12/2015	26/05/2016	12/07/2016	French	PDF
Abridged model	31/12/2014	25/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	25/07/2012	French	PDF
Abridged model	31/12/2010	22/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	23/06/2010	28/08/2010	French	PDF
Abridged modelCorrection	31/12/2008	24/06/2009	17/09/2009	French	PDF
Abridged model	31/12/2008	24/06/2009	29/08/2009	French	PDF
Abridged modelCorrection	31/12/2007	27/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2007	27/06/2008	17/07/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2024 · 2 active · 5 ended

Active mandates

BADR EDDINE EL BELHADJI

Mandate

Active

Mohamed EL BELHADJI

Mandate

Active

Ended mandates

KHALID EL BELHADJI

Manager · since 01 janvier 2006 · until 31 décembre 2012

Ended

MOHAMED EL BEKHADJI

Manager · since 01 janvier 2006 · until 31 décembre 2012

Ended

BADR EDDINE EL BELHADJI

Manager

Ended

MOHAMED EL BEKHADJI

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares31/05/2017
OBJET - CAPITAL, ACTIONS
PDF
Mandates04/09/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares21/03/2006
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office01/07/2004
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates15/04/2003
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 2024242,6 k €↓
2023
Annual accounts 2023290,7 k €↑
2022
Annual accounts 202232,5 k €↓
2021
Annual accounts 202169,8 k €↓
2020
Annual accounts 2020309,9 k €↑
2019
Annual accounts 2019136,4 k €↑
2018
Annual accounts 2018109,9 k €↑
2017
Annual accounts 201720 k €↑
2016
Annual accounts 20167,1 k €↓
2015
Annual accounts 201521,2 k €↑
2014
Annual accounts 20146,7 k €↑
2013
Annual accounts 2013-22,6 k €↑
2012
Annual accounts 2012-30,1 k €↓
2011
Annual accounts 201189,7 k €↑
2010
Annual accounts 201012,3 k €↓
2009
Annual accounts 200945,2 k €↓
2008
Annual accounts 2008132,3 k €↑
2007
Annual accounts 200716,8 k €↓
2006
Annual accounts 2006105,6 k €
08/08/1995
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

BADR

Overview

What does BADR 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