ACTIVE

BALFREPHI

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Financial year 2025 · closed on 31/12/2025

Net result

392,1 k €

-49.6% YoY

Gross margin

99,6 k €

-8.7% YoY

Equity

1,5 M €

-29.3% YoY

What does BALFREPHI do?

BALFREPHI is a Private limited company incorporated in 1997. Its main activity is: Management consultancy activities. Its registered office is in Schaerbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0461.288.547

Incorporation

13/08/1997

Legal form

Private limited company

Registered office

Boulevard Général Wahis 16G
1030 Schaerbeek · BruxellesSee on map

Contributed capital

64 452,32 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68310Real estate agencies 68311Real estate agencies 70311Activities of head offices; management consultancy activities+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	99,6 k €	-8.7%	109,1 k €	+16.8%	93,4 k €	+6.5%	87,7 k €	+315%	21,1 k €	-49.7%	42 k €	+316%	-19,5 k €	-146%	42,1 k €	+151%	16,8 k €	-48.5%	32,6 k €	-14.8%	38,2 k €	+202%	12,7 k €	-71.1%	43,8 k €	-22.5%	56,6 k €	-10.6%	63,3 k €	-12.8%	72,6 k €	+418%	-22,8 k €	-189%	25,5 k €	-60.2%	64,1 k €	-68.7%	204,8 k €
EBITDA	98,6 k €	-8.8%	108,1 k €	+17.1%	92,4 k €	+6.5%	86,7 k €	+328%	20,2 k €	-33.7%	30,5 k €	+256%	-19,5 k €	-147%	41,2 k €	+159%	15,9 k €	-47.0%	30 k €	-20.3%	37,6 k €	+226%	11,5 k €	-72.3%	41,6 k €	-23.8%	54,7 k €	-11.8%	62 k €	-13.1%	71,2 k €	+390%	-24,5 k €	-208%	22,7 k €	-64.2%	63,4 k €	-68.8%	203,4 k €
Operating result	83,9 k €	-10.2%	93,4 k €	+7.9%	86,6 k €	-0.1%	86,7 k €	+328%	20,2 k €	-33.7%	30,5 k €	+241%	-21,7 k €	-171%	30,3 k €	+418%	5,9 k €	-45.4%	10,7 k €	-41.5%	18,4 k €	+368%	-6,9 k €	-129%	23,5 k €	-35.9%	36,7 k €	-31.7%	53,7 k €	-8.6%	58,7 k €	+254%	-38,1 k €	-520%	9,1 k €	-81.8%	49,8 k €	-73.7%	188,9 k €
Net result	392,1 k €	-49.6%	778,4 k €	+60.1%	486,2 k €	+13.0%	430,2 k €	+1931%	21,2 k €	-89.9%	210,6 k €	-39.4%	347,4 k €	+73.3%	200,5 k €	-28.1%	278,8 k €	+3405%	8 k €	-97.2%	283 k €	+3576%	-8,1 k €	-155%	14,7 k €	-41.7%	25,3 k €	-36.2%	39,7 k €	-27.0%	54,4 k €	+220%	-45,3 k €	-37297%	-121 €	-100%	28,4 k €	-76.1%	118,4 k €
Balance sheet
Equity	1,5 M €	-29.3%	2,1 M €	+12.7%	1,8 M €	-3.9%	1,9 M €	+8.5%	1,8 M €	+1.2%	1,7 M €	+13.7%	1,5 M €	+29.3%	1,2 M €	+20.3%	985,6 k €	+39.4%	706,8 k €	+1.1%	698,9 k €	+68.1%	415,9 k €	-1.9%	424 k €	-4.5%	443,8 k €	+6.0%	418,5 k €	-8.8%	458,8 k €	+13.4%	404,5 k €	-10.1%	449,7 k €	-0.0%	449,8 k €	+6.7%	421,5 k €
Total assets	2,7 M €	-6.1%	2,9 M €	+15.3%	2,5 M €	-1.0%	2,5 M €	+40.5%	1,8 M €	-1.8%	1,8 M €	+12.5%	1,6 M €	+31.4%	1,2 M €	+19.6%	1 M €	+41.5%	725,3 k €	-4.7%	760,7 k €	+70.5%	446,2 k €	-8.5%	487,9 k €	-11.0%	547,9 k €	-6.0%	583 k €	+5.2%	554 k €	+6.0%	522,6 k €	-11.9%	593,5 k €	-6.9%	637,2 k €	-0.8%	642,1 k €
Cash	53 k €	-92.3%	685,3 k €	+55.1%	441,9 k €	-45.3%	807,4 k €	+17.0%	690,1 k €	-1.2%	698,4 k €	+12.8%	619,3 k €	-23.1%	805,4 k €	+37.9%	584,1 k €	+130%	254,3 k €	+447%	46,5 k €	+113%	21,8 k €	+140%	9,1 k €	-27.1%	12,5 k €	+2.1%	12,2 k €	-66.6%	36,6 k €	+92.3%	19 k €	-79.0%	90,5 k €	+183%	32 k €	+25.9%	25,4 k €
Debts	1,2 M €	+55.0%	786,1 k €	+23.0%	639,1 k €	+8.7%	588,1 k €	+3480%	16,4 k €	-76.6%	70,3 k €	-10.4%	78,5 k €	+95.0%	40,3 k €	-0.5%	40,5 k €	+120%	18,4 k €	-70.2%	61,8 k €	+103%	30,4 k €	-52.5%	63,9 k €	-38.6%	104,1 k €	-36.7%	164,5 k €	+79.0%	91,9 k €	-20.6%	115,8 k €	-18.6%	142,2 k €	-24.1%	187,4 k €	-15.1%	220,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

Frederic BALCAEN

Managing director

Active

Ended mandates

Frederic BALCAEN

Manager

Ended

At this address

Other companies at this address

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Balcaen Entreprises Générales● Active	0400.457.174
BALKIMMO● Active	0889.782.978
BAWANET Entreprises Générales● Active	0468.640.256
EPEI● Active	0480.059.037
Groupement FAKANE-BALCAEN (ECOLE 10)● Active	0800.909.105
SM BALCAEN-FAKANE, Decock● Active	1002.820.345
SM EDK – BALCAEN - Belgrade● Active	1003.133.022
STEPMAX● Active	0876.952.353

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	01/06/2026	02/06/2025	31/05/2024	22/08/2023	20/07/2022	23/08/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	01/06/2026	French	PDF
Micro model	31/12/2024	30/05/2025	02/06/2025	French	PDF
Micro model	31/12/2023	31/05/2024	31/05/2024	French	PDF
Micro modelCorrection	31/12/2022	26/05/2023	22/08/2023	French	PDF
Micro model	31/12/2022	26/05/2023	26/05/2023	French	PDF
Micro model	31/12/2021	27/05/2022	20/07/2022	French	PDF
Micro model	31/12/2020	28/05/2021	23/08/2021	French	PDF
Micro model	31/12/2019	29/05/2020	25/08/2020	French	PDF
Micro model	30/06/2019	24/12/2019	10/01/2020	French	PDF
Micro model	30/06/2018	24/12/2018	23/01/2019	French	PDF
Micro model	30/06/2017	26/12/2017	20/01/2018	French	PDF
Abridged model	30/06/2016	24/12/2016	11/01/2017	French	PDF
Abridged model	30/06/2015	24/12/2015	13/01/2016	French	PDF
Abridged model	30/06/2014	24/12/2014	23/01/2015	French	PDF
Abridged model	30/06/2013	24/12/2013	24/12/2013	French	PDF
Abridged model	30/06/2012	24/12/2012	26/02/2013	French	PDF
Abridged model	30/06/2011	24/12/2011	13/02/2012	French	PDF
Abridged model	30/06/2010	24/12/2010	17/02/2011	French	PDF
Abridged model	30/06/2009	24/12/2009	15/02/2010	French	PDF
Abridged model	30/06/2008	24/12/2008	28/02/2009	French	PDF
Abridged model	30/06/2007	26/12/2007	21/02/2008	French	PDF
Abridged model	30/06/2006	27/12/2006	22/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 ended

Active mandates

Frederic BALCAEN

Managing director

Active

Ended mandates

Frederic BALCAEN

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/08/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office24/02/2023
SIEGE SOCIAL
PDF
Other23/12/2019
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates04/05/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares16/04/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares29/12/2005
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 2025392,1 k €↓
2024
Annual accounts 2024778,4 k €↑
2023
Annual accounts 2023486,2 k €↑
2022
Annual accounts 2022430,2 k €↑
2021
Annual accounts 202121,2 k €↓
2020
Annual accounts 2020210,6 k €↓
2019
Annual accounts 2019347,4 k €↑
2019
Annual accounts 2019200,5 k €↓
2018
Annual accounts 2018278,8 k €↑
2017
Annual accounts 20178 k €↓
2016
Annual accounts 2016283 k €↑
2015
Annual accounts 2015-8,1 k €↓
2014
Annual accounts 201414,7 k €↓
2013
Annual accounts 201325,3 k €↓
2012
Annual accounts 201239,7 k €↓
2011
Annual accounts 201154,4 k €↑
2010
Annual accounts 2010-45,3 k €↓
2009
Annual accounts 2009-121 €↓
2008
Annual accounts 200828,4 k €↓
2007
Annual accounts 2007118,4 k €
13/08/1997
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

BALFREPHI

Overview

What does BALFREPHI 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