ACTIVE

Balti Energy Systems

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Financial year 2024 · closed on 31/12/2024

Net result

3,9 M €

+47499.4% YoY

Gross margin

293,5 k €

-49.9% YoY

Equity

6,6 M €

+36.5% YoY

What does Balti Energy Systems do?

Balti Energy Systems is a Public limited company incorporated in 1999. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.589.497

Incorporation

23/07/1999

Legal form

Public limited company

Registered office

Torkonjestraat(Mar) 21F
8510 Kortrijk · FlandreSee on map

Contributed capital

661 973,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	293,5 k €	-49.9%	586,2 k €	-6.5%	626,8 k €	+52.6%	410,8 k €	-45.2%	749,8 k €	+13.3%	661,8 k €	+349%	147,3 k €	+17.6%	125,3 k €	+642%	-23,1 k €	+60.5%	-58,6 k €	+26.0%	-79,1 k €	-10.4%	-71,7 k €	-145%	159,3 k €	-47.6%	304,3 k €	+199%	101,8 k €	+67.0%	61 k €	-33.8%	92,2 k €	-2.0%	94 k €	+13.4%	82,9 k €
EBITDA	254,9 k €	-53.9%	553,4 k €	-9.7%	612,7 k €	+62.1%	378 k €	-49.2%	744,2 k €	+13.5%	655,9 k €	+365%	141,1 k €	+17.1%	120,5 k €	+501%	-30 k €	+55.7%	-67,8 k €	+33.6%	-102,1 k €	-36.5%	-74,8 k €	-149%	153,5 k €	-48.2%	296,2 k €	+225%	91,2 k €	+53.4%	59,4 k €	-30.1%	85 k €	+11.6%	76,2 k €	+4.7%	72,8 k €
Operating result	31,8 k €	-84.0%	199,1 k €	-48.0%	382,6 k €	+19.1%	321,3 k €	-52.5%	677,1 k €	+14.9%	589,1 k €	+644%	79,2 k €	+25.1%	63,3 k €	+172%	-88 k €	+31.5%	-128,6 k €	+14.1%	-149,7 k €	-31.0%	-114,3 k €	-190%	126,5 k €	-44.2%	226,6 k €	+288%	58,4 k €	+107%	28,2 k €	-13.5%	32,6 k €	-41.8%	56,1 k €	+2.7%	54,6 k €
Net result	3,9 M €	+47499%	8,2 k €	-99.2%	970 k €	+297%	244,6 k €	-50.8%	496,6 k €	-3.8%	516 k €	+734%	61,9 k €	+12.5%	55 k €	+156%	-97,3 k €	+29.3%	-137,8 k €	+23.5%	-180,1 k €	-15.8%	-155,5 k €	-299%	78 k €	-35.3%	120,5 k €	+426%	22,9 k €	+188%	8 k €	+857%	-1,1 k €	-104%	23,7 k €	-17.9%	28,9 k €
Balance sheet
Equity	6,6 M €	+36.5%	4,9 M €	+0.2%	4,8 M €	+25.0%	3,9 M €	+6.7%	3,6 M €	+15.9%	3,1 M €	+520%	505,3 k €	+423%	-156,6 k €	+26.0%	-211,6 k €	-85.2%	-114,2 k €	-585%	23,5 k €	-88.4%	203,6 k €	-43.3%	359,1 k €	+27.7%	281,1 k €	+75.1%	160,6 k €	+16.7%	137,7 k €	+6.1%	129,7 k €	-0.8%	130,8 k €	+22.2%	107 k €
Total assets	9 M €	+32.5%	6,8 M €	-10.1%	7,6 M €	+40.7%	5,4 M €	-2.8%	5,5 M €	+31.4%	4,2 M €	+247%	1,2 M €	+5.4%	1,2 M €	+2.2%	1,1 M €	-1.2%	1,1 M €	+17.6%	971,5 k €	+0.8%	963,9 k €	-21.8%	1,2 M €	+41.4%	871,9 k €	+78.1%	489,5 k €	+25.4%	390,4 k €	+3.5%	377,1 k €	+14.5%	329,3 k €	+15.6%	284,9 k €
Cash	47,9 k €	-69.8%	158,6 k €	-76.5%	675,6 k €	+84.6%	365,9 k €	+129%	159,7 k €	+64.3%	97,2 k €	+56.2%	62,3 k €	+866%	6,4 k €	-83.1%	38,2 k €	+173%	14 k €	-69.1%	45,3 k €	-25.5%	60,8 k €	-65.6%	177 k €	+5.6%	167,5 k €	+794%	18,7 k €	+30.9%	14,3 k €	+70.8%	8,4 k €	+90.0%	4,4 k €	+2.1%	4,3 k €
Debts	2,4 M €	+22.4%	2 M €	-28.0%	2,7 M €	+80.4%	1,5 M €	-21.0%	1,9 M €	+79.0%	1,1 M €	+50.0%	707,9 k €	-45.9%	1,3 M €	-2.1%	1,3 M €	+6.5%	1,3 M €	+32.8%	945,7 k €	+24.5%	759,6 k €	-13.0%	873,5 k €	+51.6%	576,3 k €	+76.2%	327 k €	+29.5%	252,5 k €	+2.3%	246,8 k €	+24.3%	198,5 k €	+12.0%	177,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		0,4 ETP	+33.3%	0,3 ETP		–		–		–		–		–		–		–		–

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 31/12/2024 · 2 active · 14 ended

Active mandates

Christophe Verhue

Managing director

Active

Tine Compernol

Director

Active

Ended mandates

Christophe VERHUE

Managing director · since 18 juin 2019 · until 17 juin 2025

Ended

Tine COMPERNOL

Director · since 18 juin 2019 · until 17 juin 2025

Ended

Christophe VERHUE

Managing director · since 01 janvier 2019 · until 17 juin 2025

Ended

Tine COMPERNOL

Director · since 01 janvier 2019 · until 17 juin 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Balti● Active	0690.584.471
ENERVIK CONSULTING● Active	0676.359.818
EUROPEAN ENERGY TRANSITION FUND● Active	1017.773.290
My EMS● Active	1017.772.993
ZARCO● Active	1019.979.645

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	30/09/2025	08/10/2024	29/09/2023	25/08/2022	09/08/2021	04/02/2020
General meeting	17/06/2025	18/06/2024	29/09/2023	23/08/2022	15/06/2021	31/01/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	17/06/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	08/10/2024	Dutch	PDF
Abridged model	31/12/2022	29/09/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	23/08/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	09/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/01/2020	04/02/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	25/07/2019	Dutch	PDF
Micro model	31/12/2017	19/06/2018	23/07/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	31/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	15/11/2014	17/11/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	08/04/2013	17/04/2013	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	17/07/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	16/07/2007	Dutch	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 31/12/2024 · 2 active · 14 ended

Active mandates

Christophe Verhue

Managing director

Active

Tine Compernol

Director

Active

Ended mandates

Christophe VERHUE

Managing director · since 18 juin 2019 · until 17 juin 2025

Ended

Tine COMPERNOL

Director · since 18 juin 2019 · until 17 juin 2025

Ended

Christophe VERHUE

Managing director · since 01 janvier 2019 · until 17 juin 2025

Ended

Tine COMPERNOL

Director · since 01 janvier 2019 · until 17 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office28/12/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office01/10/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/07/2019
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/03/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/09/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates12/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other04/10/2013
BENAMING
PDF
Mandates26/10/2012
ONTSLAGEN - BENOEMINGEN
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 20243,9 M €↑
2023
Annual accounts 20238,2 k €↓
2022
Annual accounts 2022970 k €↑
2021
Annual accounts 2021244,6 k €↓
2020
Annual accounts 2020496,6 k €↓
2019
Annual accounts 2019516 k €↑
2018
Annual accounts 201861,9 k €↑
2017
Annual accounts 201755 k €↑
2016
Annual accounts 2016-97,3 k €↑
2015
Annual accounts 2015-137,8 k €↑
2014
Annual accounts 2014-180,1 k €↓
2013
Annual accounts 2013-155,5 k €↓
2012
Annual accounts 201278 k €↓
2011
Annual accounts 2011120,5 k €↑
2010
Annual accounts 201022,9 k €↑
2009
Annual accounts 20098 k €↑
2008
Annual accounts 2008-1,1 k €↓
2007
Annual accounts 200723,7 k €↓
2006
Annual accounts 200628,9 k €
23/07/1999
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

Balti Energy Systems

Overview

What does Balti Energy Systems 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