ACTIVE

BADEL

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Financial year 2025 · closed on 31/12/2025

Net result

114,8 k €

-2.5% YoY

Gross margin

561,6 k €

+7.9% YoY

Equity

1,1 M €

+11.3% YoY

Workforce

3,8 ETP

0.0% YoY

What does BADEL do?

BADEL is a Private limited company incorporated in 1996. Its main activity is: Painting and glazing. Its registered office is in Bastogne. It employs on average 3,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.833.862

Incorporation

09/05/1996

Legal form

Private limited company

Registered office

Rue de Marche 159 box B
6600 Bastogne · WallonieSee on map

Contributed capital

34 705,09 €

Latest accounts

31/12/2025

Average workforce

3,8 ETP

Activities (NACE)

43341Painting and glazing· main 43341Painting and glazing 45441Sale, maintenance and repair of motorcycles and related parts and accessories 47552Retail sale of other household equipment in specialised stores 47592Retail sale of furniture, lighting equipment and other household articles in specialised stores 52442Warehousing and support activities for transportation+9

Joint committees (2)

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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	561,6 k €	+7.9%	520,4 k €	+13.8%	457,4 k €	-1.8%	465,6 k €	+12.4%	414,1 k €	+2.3%	404,6 k €	+29.4%	312,7 k €	-7.0%	336,3 k €	+15.1%	292,3 k €	+34.5%	217,4 k €	-16.5%	260,4 k €	+18.8%	219,2 k €	+26.7%	173 k €	-4.5%	181,2 k €	+43.2%	126,5 k €	-24.8%	168,3 k €	+17.3%	143,4 k €	-10.3%	160 k €	+27.8%	125,2 k €
EBITDA	338,4 k €	+11.4%	303,8 k €	+27.1%	238,9 k €	-12.8%	274 k €	+31.8%	207,9 k €	-16.3%	248,3 k €	+83.2%	135,5 k €	-19.5%	168,4 k €	+16.5%	144,5 k €	+22.1%	118,3 k €	-21.5%	150,8 k €	+10.1%	137 k €	+28.9%	106,3 k €	-18.2%	129,9 k €	+69.5%	76,6 k €	-36.8%	121,2 k €	+20.6%	100,5 k €	-16.2%	119,9 k €	+47.4%	81,4 k €
Operating result	201,3 k €	+18.4%	170 k €	+34.0%	126,8 k €	-34.4%	193,4 k €	+22.9%	157,3 k €	-26.1%	212,9 k €	+134%	90,9 k €	-24.8%	120,9 k €	+24.7%	97 k €	+23.9%	78,3 k €	-26.1%	106 k €	+37.2%	77,2 k €	+7.2%	72,1 k €	-22.5%	93 k €	+146%	37,8 k €	-57.1%	88,2 k €	+15.1%	76,6 k €	-24.8%	101,8 k €	+63.1%	62,4 k €
Net result	114,8 k €	-2.5%	117,8 k €	+28.3%	91,8 k €	-30.0%	131,1 k €	-4.1%	136,7 k €	-17.6%	166 k €	+188%	57,7 k €	-42.9%	101,1 k €	+79.9%	56,2 k €	+24.3%	45,2 k €	-40.7%	76,2 k €	+52.9%	49,8 k €	+23.1%	40,5 k €	-24.1%	53,3 k €	+352%	11,8 k €	-80.3%	59,8 k €	+17.5%	50,9 k €	-12.0%	57,8 k €	+117%	26,6 k €
Balance sheet
Equity	1,1 M €	+11.3%	974,4 k €	+12.4%	866,8 k €	-4.4%	906,8 k €	+15.4%	785,9 k €	+17.4%	669,5 k €	+31.2%	510,1 k €	+12.7%	452,5 k €	+23.2%	367,4 k €	+14.4%	321,2 k €	+13.1%	284 k €	+24.7%	227,8 k €	+17.4%	194 k €	-26.5%	263,9 k €	+17.0%	225,6 k €	-0.1%	225,9 k €	+28.3%	176,1 k €	+40.7%	125,2 k €	+43.3%	87,3 k €
Total assets	2 M €	-3.9%	2 M €	+1.0%	2 M €	+2.8%	2 M €	+27.4%	1,5 M €	+35.6%	1,1 M €	+26.2%	902,7 k €	-1.8%	919,4 k €	+2.7%	895,2 k €	+10.0%	814 k €	-8.0%	884,8 k €	+2.5%	863,3 k €	+15.9%	745,1 k €	-2.2%	761,8 k €	-1.3%	771,8 k €	+6.2%	726,9 k €	+13.7%	639,2 k €	+0.7%	634,9 k €	+4.2%	609,2 k €
Cash	654,4 k €	+15.3%	567,3 k €	+37.4%	412,8 k €	-26.8%	564,3 k €	+64.2%	343,7 k €	-1.3%	348,2 k €	+151%	138,7 k €	+82.3%	76,1 k €	+57.7%	48,3 k €	-37.1%	76,7 k €	-31.2%	111,5 k €	+182%	39,6 k €	-1.0%	40 k €	+19.7%	33,4 k €	+116%	15,5 k €	-62.8%	41,5 k €	-17.4%	50,3 k €	-23.3%	65,6 k €	+9.4%	60 k €
Debts	839,8 k €	-16.5%	1 M €	-9.6%	1,1 M €	+4.8%	1,1 M €	+39.8%	759,6 k €	+62.0%	468,8 k €	+19.4%	392,6 k €	-15.9%	467 k €	-11.5%	527,9 k €	+7.1%	492,8 k €	-18.0%	600,8 k €	-5.5%	635,5 k €	+15.3%	551,1 k €	+10.7%	497,9 k €	-8.8%	546,1 k €	+9.0%	500,9 k €	+8.2%	463,1 k €	-9.2%	509,7 k €	-2.3%	521,5 k €
Other
Workforce	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	-9.5%	4,2 ETP	+10.5%	3,8 ETP	0.0%	3,8 ETP	0.0%	3,8 ETP	+22.6%	3,1 ETP	+40.9%	2,2 ETP	-8.3%	2,4 ETP	+20.0%	2,0 ETP	+25.0%	1,6 ETP	+60.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 · 6 ended

Active mandates

Miguel PONSARD

Manager · since 02 janvier 2009

Active

Nathalie DELACOLLETTE

Manager

Active

Ended mandates

Miguel PONSARD

Director · since 02 janvier 2009

Ended

Betty BASTIEN

Manager · since 01 avril 2004

Ended

Betty BASTIEN

Director

Ended

Betty BASTIEN

Manager

Ended

At this address

Other companies at this address

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association des copriétaires de la résidence CMB● Active	0812.406.771
Les Engagés - Fédération provinciale du Luxembourg● Active	0458.242.054
Ruban Jaune● Active	1022.161.452

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	31/08/2026	20/08/2025	21/08/2024	31/08/2023	31/08/2022	05/07/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	11/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	10/06/2025	20/08/2025	French	PDF
Abridged model	31/12/2023	10/06/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	12/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	13/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	11/06/2021	05/07/2021	French	PDF
Abridged model	31/12/2019	31/08/2020	03/09/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	11/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	12/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	08/06/2015	26/09/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	30/08/2014	French	PDF
Abridged model	31/12/2012	10/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	22/06/2012	28/09/2012	French	PDF
Abridged model	31/12/2009	14/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	30/10/2009	French	PDF
Abridged model	31/12/2007	09/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	31/08/2007	French	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 · 6 ended

Active mandates

Miguel PONSARD

Manager · since 02 janvier 2009

Active

Nathalie DELACOLLETTE

Manager

Active

Ended mandates

Miguel PONSARD

Director · since 02 janvier 2009

Ended

Betty BASTIEN

Manager · since 01 avril 2004

Ended

Betty BASTIEN

Director

Ended

Betty BASTIEN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/06/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates23/01/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/03/2014
CAPITAL, ACTIONS
PDF
Mandates29/01/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2005
SIEGE SOCIAL - DENOMINATION - CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/05/2004
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

2025
Annual accounts 2025114,8 k €↓
2024
Annual accounts 2024117,8 k €↑
2023
Annual accounts 202391,8 k €↓
2022
Annual accounts 2022131,1 k €↓
2021
Annual accounts 2021136,7 k €↓
2020
Annual accounts 2020166 k €↑
2019
Annual accounts 201957,7 k €↓
2018
Annual accounts 2018101,1 k €↑
2017
Annual accounts 201756,2 k €↑
2016
Annual accounts 201645,2 k €↓
2015
Annual accounts 201576,2 k €↑
2014
Annual accounts 201449,8 k €↑
2013
Annual accounts 201340,5 k €↓
2012
Annual accounts 201253,3 k €↑
2011
Annual accounts 201111,8 k €↓
2009
Annual accounts 200959,8 k €↑
2008
Annual accounts 200850,9 k €↓
2007
Annual accounts 200757,8 k €↑
2006
Annual accounts 200626,6 k €
09/05/1996
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

BADEL

Overview

What does BADEL do?

Trend over 19 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