ACTIVE

F.M. BATI

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Financial year 2025 · closed on 31/12/2025

Net result

-96,4 k €

-148.5% YoY

Gross margin

1,1 M €

-30.0% YoY

Equity

628,7 k €

-13.3% YoY

What does F.M. BATI do?

F.M. BATI is a Private limited company incorporated in 2004. Its main activity is: Electrical installation. Its registered office is in Courcelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.767.706

Incorporation

29/01/2004

Legal form

Private limited company

Registered office

Rue des Claires Fontaines(CO) 96
6180 Courcelles · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

43211Electrical installation· main 43211Electrical installation

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,1 M €	-30.0%	1,6 M €	+27.6%	1,3 M €	-24.4%	1,7 M €	+3.3%	1,6 M €	+44.6%	1,1 M €	-0.7%	1,1 M €	+12.2%	1 M €	+20.1%	835,5 k €	+126%	369,1 k €	+1.8%	362,6 k €	+29.4%	280,1 k €	+1.3%	276,5 k €	+212%	88,7 k €	+117%	40,8 k €	+7835%	514,4 €	+109%	-5,8 k €	-125%	23,4 k €	-21.7%	29,9 k €	-65.6%	86,9 k €
EBITDA	-47,8 k €	-113%	354,9 k €	+1205%	27,2 k €	-91.7%	328,6 k €	+34.9%	243,5 k €	+62.8%	149,6 k €	+284%	38,9 k €	-50.4%	78,4 k €	-60.3%	197,5 k €	+172%	72,6 k €	-7.0%	78,1 k €	-7.5%	84,4 k €	-2.7%	86,7 k €	+242%	25,3 k €	-37.8%	40,8 k €	+7824%	514,4 €	+104%	-13,4 k €	-225%	10,7 k €	-36.7%	17 k €	-44.3%	30,4 k €
Operating result	-89 k €	-128%	317,5 k €	+2716%	-12,1 k €	-104%	280,5 k €	+33.5%	210,2 k €	+79.5%	117,1 k €	+2177%	5,1 k €	-92.6%	69,2 k €	-63.2%	187,8 k €	+181%	66,8 k €	+13.4%	58,9 k €	-15.3%	69,6 k €	-4.5%	72,9 k €	+200%	24,3 k €	-40.3%	40,8 k €	+7824%	514,4 €	+102%	-22,3 k €	-510%	5,4 k €	-52.9%	11,6 k €	+112%	-98,4 k €
Net result	-96,4 k €	-149%	198,8 k €	+861%	-26,1 k €	-114%	180,6 k €	+38.4%	130,5 k €	+134%	55,7 k €	+363%	-21,2 k €	-619%	-2,9 k €	-102%	192,6 k €	+97329%	197,6 €	-99.4%	33,7 k €	-50.5%	68,1 k €	-6.3%	72,7 k €	+203%	24 k €	-13.5%	27,7 k €	+5292%	514,4 €	+103%	-19,8 k €	-518%	4,8 k €	-52.3%	10 k €	+110%	-97,9 k €
Balance sheet
Equity	628,7 k €	-13.3%	725,1 k €	+37.8%	526,3 k €	-15.6%	623,9 k €	+40.3%	444,7 k €	+41.5%	314,3 k €	+21.5%	258,6 k €	-7.6%	279,8 k €	-1.0%	282,7 k €	+182%	100,2 k €	+0.2%	100 k €	+50.8%	66,3 k €	+3794%	-1,8 k €	+97.6%	-74,5 k €	+24.4%	-98,5 k €	+22.0%	-126,2 k €	+0.4%	-126,7 k €	-18.6%	-106,9 k €	+4.3%	-111,6 k €	+8.2%	-121,6 k €
Total assets	1,1 M €	-14.6%	1,3 M €	+34.9%	996 k €	-24.6%	1,3 M €	+38.6%	953,1 k €	+30.5%	730,4 k €	+5.8%	690,4 k €	+49.4%	462,1 k €	+25.0%	369,7 k €	+65.9%	222,8 k €	+1.6%	219,2 k €	+52.2%	144,1 k €	-12.0%	163,8 k €	-16.9%	197 k €	+369%	42 k €	+325%	9,9 k €	+72.5%	5,7 k €	-96.6%	167,1 k €	+46.3%	114,2 k €	-22.2%	146,8 k €
Cash	71,9 k €	-78.8%	338,8 k €	+39.3%	243,1 k €	-40.0%	405 k €	+175%	147,3 k €	+60.4%	91,8 k €	+212%	29,4 k €	-85.3%	200,3 k €	+1.9%	196,5 k €	+409%	38,6 k €	-64.2%	107,7 k €	+245%	31,3 k €	-51.8%	64,8 k €	+5.6%	61,4 k €	+346%	13,8 k €	+16244%	84,2 €	0.0%	84,2 €		–		0 €	-100%	31,2 k €
Debts	518,4 k €	-16.1%	618,2 k €	+31.6%	469,6 k €	-32.6%	696,6 k €	+37.8%	505,6 k €	+21.5%	416,2 k €	-3.6%	431,8 k €	+137%	182,3 k €	+110%	87 k €	-29.1%	122,6 k €	+2.9%	119,2 k €	+53.3%	77,8 k €	-53.0%	165,6 k €	-39.0%	271,5 k €	+93.2%	140,5 k €	+3.2%	136,1 k €	+2.7%	132,5 k €	-51.7%	274 k €	+22.9%	222,9 k €	-17.0%	268,4 k €
Other
Workforce	–		–		122 113,0 ETP	+401588%	30,4 ETP		–		28,4 ETP	+8.0%	26,3 ETP	-1.5%	26,7 ETP	+31.5%	20,3 ETP	+105%	9,9 ETP	-4.8%	10,4 ETP	+44.4%	7,2 ETP	+1.4%	7,1 ETP	+97.2%	3,6 ETP		–		–		1,3 ETP	0.0%	1,3 ETP	+8.3%	1,2 ETP	-7.7%	1,3 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 · 1 ended

Active mandates

G-LL Services Immo

Administrator - manager · since 19 décembre 2025 · 1021.125.532

Active

JEAN SWAELENS

Director · since 15 février 2011 · until 19 décembre 2025

Active

Ended mandates

JEAN SWAELENS

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
PARTNERS● Active	0448.435.453
VDB TELECOMS● Active	0534.674.787

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Micro model	Abridged 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	29/08/2025	30/08/2024	04/10/2023	29/09/2022	30/09/2021
General meeting	28/08/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/08/2026	31/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	04/10/2023	French	PDF
Micro model	31/12/2021	30/06/2022	29/09/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	30/09/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	05/08/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	12/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	02/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	25/09/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	01/07/2013	07/08/2013	French	PDF
Abridged model	31/12/2011	02/07/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	05/07/2011	French	PDF
Abridged model	31/12/2009	18/03/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	30/10/2008	French	PDF
Abridged model	31/12/2006	02/07/2007	25/07/2007	French	PDF

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 · 1 ended

Active mandates

G-LL Services Immo

Administrator - manager · since 19 décembre 2025 · 1021.125.532

Active

JEAN SWAELENS

Director · since 15 février 2011 · until 19 décembre 2025

Active

Ended mandates

JEAN SWAELENS

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates27/04/2011
SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates18/05/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates04/02/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates27/11/2006
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/09/2006
DEMISSIONS, NOMINATIONS
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 2025-96,4 k €↓
2024
Annual accounts 2024198,8 k €↑
2023
Annual accounts 2023-26,1 k €↓
2022
Annual accounts 2022180,6 k €↑
2021
Annual accounts 2021130,5 k €↑
2020
Annual accounts 202055,7 k €↑
2019
Annual accounts 2019-21,2 k €↓
2018
Annual accounts 2018-2,9 k €↓
2017
Annual accounts 2017192,6 k €↑
2016
Annual accounts 2016197,6 €↓
2015
Annual accounts 201533,7 k €↓
2014
Annual accounts 201468,1 k €↓
2013
Annual accounts 201372,7 k €↑
2012
Annual accounts 201224 k €↓
2011
Annual accounts 201127,7 k €↑
2010
Annual accounts 2010514,4 €↑
2009
Annual accounts 2009-19,8 k €↓
2008
Annual accounts 20084,8 k €↓
2007
Annual accounts 200710 k €↑
2006
Annual accounts 2006-97,9 k €
29/01/2004
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

F.M. BATI

Overview

What does F.M. BATI 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