ACTIVE

BALDER

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Financial year 2025 · closed on 31/12/2025

Net result

71,2 k €

+15.4% YoY

Revenue

160,7 k €

+3.3% YoY

Equity

884,3 k €

+8.8% YoY

What does BALDER do?

BALDER is a Private limited company incorporated in 2010. Its registered office is in Huy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0831.171.818

Incorporation

18/11/2010

Legal form

Private limited company

Registered office

Chaussée de Liège 2
4500 Huy · WallonieSee on map

Contributed capital

56 963,24 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Revenue	160,7 k €	+3.3%	155,5 k €	-7.7%	168,4 k €	-1.6%	171,2 k €	+48.5%	115,2 k €	-2.8%	118,6 k €	-54.3%	259,7 k €	+89.4%	137,1 k €	+13.0%	121,4 k €	+40.2%	86,6 k €		–		86 k €	0.0%	86 k €		–		–
EBITDA	116,1 k €	+16.3%	99,8 k €	-15.9%	118,8 k €	-1.7%	120,8 k €	+41.6%	85,3 k €	-12.0%	97 k €	-54.0%	210,9 k €	+105%	103,1 k €	+38.2%	74,6 k €	+29.0%	57,9 k €	-21.5%	73,7 k €	-4.3%	77 k €	+2.2%	75,3 k €	-3.5%	78,1 k €	-15.5%	92,4 k €
Operating result	113,3 k €	+14.0%	99,4 k €	-15.7%	117,9 k €	-1.7%	119,9 k €	+42.5%	84,2 k €	-2.4%	86,2 k €	-55.4%	193,4 k €	+123%	86,9 k €	+48.9%	58,4 k €	+40.2%	41,6 k €	-38.2%	67,3 k €	-11.7%	76,2 k €	+2.7%	74,2 k €	-3.9%	77,2 k €	-16.1%	92,1 k €
Net result	71,2 k €	+15.4%	61,6 k €	-17.1%	74,4 k €	-4.1%	77,5 k €	+49.9%	51,7 k €	-2.9%	53,2 k €	-55.0%	118,1 k €	+96.9%	60 k €	+67.5%	35,8 k €	+50.6%	23,8 k €	-48.6%	46,3 k €	+8.6%	42,6 k €	-21.5%	54,3 k €	-1.2%	54,9 k €	-6.6%	58,8 k €
Balance sheet
Equity	884,3 k €	+8.8%	813,1 k €	+8.2%	751,5 k €	+11.0%	677,1 k €	+12.9%	599,6 k €	+9.4%	548 k €	+10.8%	494,7 k €	+31.4%	376,6 k €	+18.8%	317,1 k €	+12.7%	281,3 k €	+9.2%	257,5 k €	+21.9%	211,2 k €	+25.3%	168,6 k €	+40.5%	120 k €	+84.5%	65 k €
Total assets	925,9 k €	+10.0%	841,6 k €	+5.0%	801,4 k €	+11.0%	721,9 k €	+15.0%	628 k €	+5.7%	594 k €	+11.5%	532,8 k €	+28.4%	414,8 k €	+19.9%	346,1 k €	+6.2%	325,9 k €	-0.3%	326,9 k €	+16.6%	280,4 k €	+42.5%	196,8 k €	+10.4%	178,3 k €	+83.0%	97,4 k €
Cash	706,5 k €	+12.2%	629,6 k €	+6.9%	589,1 k €	+18.3%	498,1 k €	+20.4%	413,9 k €	+9.3%	378,7 k €	+25.5%	301,8 k €	+80.3%	167,4 k €	+316%	40,3 k €	+891%	4,1 k €	-91.7%	49,2 k €	-9.4%	54,3 k €	+196%	18,4 k €	-87.3%	145,1 k €	+111%	68,9 k €
Debts	31 k €	+8.9%	28,5 k €	-38.6%	46,4 k €	+3.7%	44,8 k €	+58.0%	28,3 k €	-38.5%	46 k €	+21.0%	38,1 k €	-0.3%	38,2 k €	+31.9%	28,9 k €	-35.1%	44,6 k €	-35.7%	69,4 k €	+0.3%	69,2 k €	+145%	28,3 k €	-51.6%	58,3 k €	+80.0%	32,4 k €

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 · 1 active

Active mandates

Alain Legros

Manager · since 18 novembre 2010

Active

At this address

Other companies at this address

Company	CBE no.
Association nationale des Amis et Parents d'Handicapés épileptiques● Liquidation	0433.691.552
Fondation Arthur Legros● Active	0445.330.265
FONDATION VESTALIA● Active	0599.861.460
ITHAK● Active	0699.768.292

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	31/08/2026	27/08/2025	30/08/2024	30/08/2023	27/08/2022	30/08/2021
General meeting	08/06/2026	09/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	08/06/2026	31/08/2026	French	PDF
Micro model	31/12/2024	09/06/2025	27/08/2025	French	PDF
Micro model	31/12/2023	10/06/2024	30/08/2024	French	PDF
Micro model	31/12/2022	12/06/2023	30/08/2023	French	PDF
Micro model	31/12/2021	13/06/2022	27/08/2022	French	PDF
Micro model	31/12/2020	14/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	08/06/2020	30/10/2020	French	PDF
Micro model	31/12/2018	10/06/2019	30/08/2019	French	PDF
Micro model	31/12/2017	11/06/2018	31/08/2018	French	PDF
Micro model	31/12/2016	12/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	08/06/2015	23/09/2015	French	PDF
Abridged model	31/12/2013	09/06/2014	02/08/2014	French	PDF
Abridged model	31/12/2012	10/06/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	11/06/2012	09/08/2012	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 · 1 active

Active mandates

Alain Legros

Manager · since 18 novembre 2010

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/03/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other12/06/2017
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/12/2013
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other29/11/2010
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

2025
Annual accounts 202571,2 k €↑
2024
Annual accounts 202461,6 k €↓
2023
Annual accounts 202374,4 k €↓
2022
Annual accounts 202277,5 k €↑
2021
Annual accounts 202151,7 k €↓
2020
Annual accounts 202053,2 k €↓
2019
Annual accounts 2019118,1 k €↑
2018
Annual accounts 201860 k €↑
2017
Annual accounts 201735,8 k €↑
2016
Annual accounts 201623,8 k €↓
2015
Annual accounts 201546,3 k €↑
2014
Annual accounts 201442,6 k €↓
2013
Annual accounts 201354,3 k €↓
2012
Annual accounts 201254,9 k €↓
2011
Annual accounts 201158,8 k €
18/11/2010
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

BALDER

Overview

What does BALDER do?

Trend over 15 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