ACTIVE

BALU VENTURES

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Financial year 2025 · closed on 31/12/2025
Net result
307,8 k €
-34.4% YoY
Gross margin
2,6 M €
-12.6% YoY
Equity
1,2 M €
+26.6% YoY
Workforce
27,1 ETP
-2.2% YoY

What does BALU VENTURES do?

BALU VENTURES is a Private limited company incorporated in 2011. Its main activity is: Retail sale in non-specialised stores. Its registered office is in Antwerpen. It employs on average 27,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0839.859.652
Incorporation
03/10/2011
Legal form
Private limited company
Registered office
Broederminstraat 9
2018 Antwerpen · FlandreSee on map
Contributed capital
124 774,51 €
Latest accounts
31/12/2025
Average workforce
27,1 ETP
Activities (NACE)
47120Retail sale in non-specialised stores· main47910Retail sale via mail order houses or via Internet73110Advertising agencies73110Advertising agencies62020Computer consultancy activities62200Computer programming, consultancy and related activities
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin2,6 M €2,9 M €2,1 M €1,6 M €941,5 k €626 k €623,7 k €417,5 k €389,3 k €176 k €121,4 k €21,1 k €15,9 k €-8,3 k €
EBITDA438,3 k €755,6 k €186,5 k €73,3 k €41,3 k €33,7 k €183,8 k €119,7 k €219,1 k €80,4 k €97,4 k €20,6 k €15,8 k €-8,6 k €
Operating result404 k €705,7 k €134,6 k €39,4 k €15,5 k €17 k €169 k €103,9 k €214,6 k €77,1 k €95,6 k €20 k €15,8 k €-8,6 k €
Net result307,8 k €469,1 k €98,6 k €14 k €6,1 k €3 k €119,7 k €63,5 k €140,6 k €45,8 k €62,7 k €13 k €13,4 k €-8,7 k €
Balance sheet
Equity1,2 M €921,7 k €452,6 k €364,6 k €316,5 k €310,4 k €293,6 k €383,9 k €320,5 k €179,8 k €134 k €71,3 k €23,3 k €9,8 k €
Total assets2,7 M €2,8 M €2 M €1,6 M €641,2 k €540,6 k €622,1 k €634 k €497,9 k €257,3 k €189,1 k €101,7 k €27,7 k €10,1 k €
Cash700,4 k €966,7 k €418,8 k €278,4 k €47,9 k €130,9 k €99,9 k €197,3 k €180,4 k €151,9 k €123,4 k €63,1 k €24,1 k €9,3 k €
Debts1,5 M €1,7 M €1,3 M €1,2 M €324,7 k €230,2 k €328,5 k €230,1 k €154,4 k €73,7 k €55,1 k €30,4 k €4,4 k €291,9 €
Other
Workforce27,1 ETP27,7 ETP29,3 ETP26,2 ETP17,5 ETP14,1 ETP10,1 ETP7,2 ETP5,0 ETP3,2 ETP0,8 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

ZIGT Media

Director · 0801.864.257

Represented by Istha Joost

Active

Ended mandates

BushMan

Director · since 14 février 2024 · until 31 décembre 2024 · 1002.951.591

Represented by Thomas Vincent Struijk

Ended
ZIGT Media

Director · since 14 février 2024 · 0801.864.257

Represented by Thomas Vincent Struijk

Ended
ZIGT Media

Director · since 05 décembre 2023 · 0801.864.257

Represented by Joost Istha

Ended
Nicolas Mertens

Manager · since 12 décembre 2014 · until 25 mars 2016

Ended
At this address

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0628.985.315
KLAAS KOENTGES ADVOCATENKANTOOR● Active
0731.970.611
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0779.393.812
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date04/08/202618/07/202523/07/202431/07/202312/07/202201/07/2021
General meeting31/07/202624/06/202525/06/202430/06/202328/06/202222/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/07/202604/08/2026DutchPDF
Abridged model31/12/202424/06/202518/07/2025DutchPDF
Abridged model31/12/202325/06/202423/07/2024DutchPDF
Abridged model31/12/202230/06/202331/07/2023DutchPDF
Abridged model31/12/202128/06/202212/07/2022DutchPDF
Abridged model31/12/202022/06/202101/07/2021DutchPDF
Abridged model31/12/201923/06/202006/07/2020DutchPDF
Abridged model31/12/201825/06/201923/07/2019DutchPDF
Abridged model31/12/201726/06/201812/07/2018DutchPDF
Abridged model31/12/201627/06/201703/07/2017DutchPDF
Abridged model31/12/201530/06/201620/07/2016DutchPDF
Abridged model31/12/201430/06/201529/07/2015DutchPDF
Abridged model31/12/201319/06/201419/06/2014DutchPDF
Abridged model31/12/201225/06/201303/07/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 11 ended

Active mandates

ZIGT Media

Director · 0801.864.257

Represented by Istha Joost

Active

Ended mandates

BushMan

Director · since 14 février 2024 · until 31 décembre 2024 · 1002.951.591

Represented by Thomas Vincent Struijk

Ended
ZIGT Media

Director · since 14 février 2024 · 0801.864.257

Represented by Thomas Vincent Struijk

Ended
ZIGT Media

Director · since 05 décembre 2023 · 0801.864.257

Represented by Joost Istha

Ended
Nicolas Mertens

Manager · since 12 décembre 2014 · until 25 mars 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/03/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares20/06/2023
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares01/04/2022
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares31/12/2020
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares16/12/2019
    KAPITAAL - AANDELEN
    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 2025307,8 k €↓
  2. 2024
    Annual accounts 2024469,1 k €↑
  3. 2023
    Annual accounts 202398,6 k €↑
  4. 2022
    Annual accounts 202214 k €↑
  5. 2021
    Annual accounts 20216,1 k €↑
  6. 2020
    Annual accounts 20203 k €↓
  7. 2019
    Annual accounts 2019119,7 k €↑
  8. 2018
    Annual accounts 201863,5 k €↓
  9. 2017
    Annual accounts 2017140,6 k €↑
  10. 2016
    Annual accounts 201645,8 k €↓
  11. 2015
    Annual accounts 201562,7 k €↑
  12. 2014
    Annual accounts 201413 k €↓
  13. 2014
    Name changeBalu Ventures
  14. 2013
    Annual accounts 201313,4 k €↑
  15. 2012
    Annual accounts 2012-8,7 k €
  16. 2012
    Name changeBALUshops.com
  17. 03/10/2011
    IncorporationPrivate limited company