ACTIVE

BALMA

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Financial year 2025 · closed on 31/12/2025
Net result
-7,8 k €
-221.8% YoY
Gross margin
14,1 k €
-48.8% YoY
Equity
549,8 k €
-1.4% YoY
Workforce
0,0 ETP

What does BALMA do?

BALMA is a Private limited company incorporated in 2014. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0543.758.937
Incorporation
02/01/2014
Legal form
Private limited company
Registered office
Sneeuwbeslaan 20 box 11
2610 Antwerpen · FlandreSee on map
Contributed capital
96 412,89 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin14,1 k €27,6 k €15,4 k €9,7 k €15,2 k €12 k €5,8 k €-6,7 k €-14,5 k €-22,8 k €-29,6 k €-11,7 k €
EBITDA10,9 k €23,1 k €10,5 k €7,1 k €5 k €8,8 k €1,7 k €-98,8 k €-130,4 k €-23,9 k €-31 k €-13,3 k €
Operating result-7,5 k €5,8 k €-4,5 k €-15,8 k €-20,2 k €-27,2 k €-34,8 k €-169,5 k €-147,6 k €-57,9 k €-65 k €-41,7 k €
Net result-7,8 k €6,4 k €-3,4 k €-13,7 k €-22,5 k €-28,9 k €-30,3 k €-193,3 k €-179,3 k €-55,5 k €-47,6 k €-24,3 k €
Balance sheet
Equity549,8 k €557,6 k €551,2 k €554,6 k €568,3 k €590,7 k €619,6 k €650 k €843,3 k €-91 k €-35,5 k €12,1 k €
Total assets553,1 k €591,5 k €554 k €565,1 k €590,1 k €617,1 k €654,4 k €693 k €845 k €967,7 k €1,1 M €1,1 M €
Cash63,3 k €90,7 k €23,5 k €53,9 k €66,2 k €51,5 k €64,8 k €36,7 k €392,4 k €406,9 k €487 k €632,3 k €
Debts3,4 k €33,9 k €2,8 k €10,5 k €21,8 k €26,4 k €34,7 k €43,1 k €1,7 k €1,1 M €1,1 M €1,1 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 ETP––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Luc Van Milders

Director · since 09 juin 2023

Active
Brigitte Van Milders

Director · since 02 janvier 2014

Active

Ended mandates

Assart

Director · since 04 avril 2022 · 0400.981.568

Represented by Luc Van Milders

Ended
Assart

Manager · 0400.981.568

Represented by Monica Emma Antonia ARTS

Ended
Assart

Manager · until 31 janvier 2018 · 0400.981.568

Represented by LUC VAN MILDERS

Ended
Assart

Manager · 0400.981.568

Represented by Monica ARTS

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202629/08/202531/08/202431/07/202330/06/202204/06/2021
General meeting30/06/202630/06/202530/08/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/07/2026DutchPDF
Abridged model31/12/202430/06/202529/08/2025DutchPDF
Abridged model31/12/202330/08/202431/08/2024DutchPDF
Abridged model31/12/202226/05/202331/07/2023DutchPDF
Micro model31/12/202127/05/202230/06/2022FrenchPDF
Micro model31/12/202028/05/202104/06/2021FrenchPDF
Micro model31/12/201929/05/202025/06/2020FrenchPDF
Micro model31/12/201831/05/201902/08/2019FrenchPDF
Micro model31/12/201725/05/201830/05/2018FrenchPDF
Abridged model31/12/201626/05/201707/09/2017FrenchPDF
Abridged model31/12/201527/05/201605/07/2016FrenchPDF
Abridged model31/12/201429/05/201531/08/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 7 ended

Active mandates

Luc Van Milders

Director · since 09 juin 2023

Active
Brigitte Van Milders

Director · since 02 janvier 2014

Active

Ended mandates

Assart

Director · since 04 avril 2022 · 0400.981.568

Represented by Luc Van Milders

Ended
Assart

Manager · 0400.981.568

Represented by Monica Emma Antonia ARTS

Ended
Assart

Manager · until 31 janvier 2018 · 0400.981.568

Represented by LUC VAN MILDERS

Ended
Assart

Manager · 0400.981.568

Represented by Monica ARTS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/02/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/05/2022
    DEMISSIONS, NOMINATIONS - SIEGE SOCIAL
    PDF
  • Mandates09/03/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Other29/12/2017
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office27/10/2014
    SIEGE SOCIAL
    PDF
  • Other13/01/2014
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-7,8 k €↓
  2. 2024
    Annual accounts 20246,4 k €↑
  3. 2023
    Annual accounts 2023-3,4 k €↑
  4. 2022
    Annual accounts 2022-13,7 k €↑
  5. 2021
    Annual accounts 2021-22,5 k €↑
  6. 2020
    Annual accounts 2020-28,9 k €↑
  7. 2019
    Annual accounts 2019-30,3 k €↑
  8. 2018
    Annual accounts 2018-193,3 k €↓
  9. 2017
    Annual accounts 2017-179,3 k €↓
  10. 2016
    Annual accounts 2016-55,5 k €↓
  11. 2015
    Annual accounts 2015-47,6 k €↓
  12. 2014
    Annual accounts 2014-24,3 k €
  13. 02/01/2014
    IncorporationPrivate limited company