ACTIVE

MG BALTHAZAR ET BALLARD

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Financial year 2025 · closed on 31/12/2025

Net result

-8,5 k €

-1571.4% YoY

Gross margin

97,2 k €

-1.6% YoY

Equity

482,6 k €

-10.0% YoY

What does MG BALTHAZAR ET BALLARD do?

MG BALTHAZAR ET BALLARD is a Private limited company incorporated in 2007. Its main activity is: General medical practice activities. Its registered office is in Hamois.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0886.755.489

Incorporation

26/01/2007

Legal form

Private limited company

Registered office

Chaussée de Namur, Natoye 73
5360 Hamois · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

86210General medical practice activities· main 86210General medical practice activities 86909Other human health activities 86995Other human health activities

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	97,2 k €	-1.6%	98,7 k €	-80.1%	496 k €	+404%	98,4 k €	-38.0%	158,7 k €	+71.1%	92,7 k €	+20.2%	77,1 k €	-8.0%	83,9 k €	-2.1%	85,7 k €	+2.5%	83,6 k €	-25.1%	111,6 k €	+25.4%	89 k €	-6.6%	95,3 k €	-6.6%	102 k €	-6.2%	108,8 k €	+22.8%	88,6 k €	-7.4%	95,6 k €	+0.3%	95,4 k €	+30.6%	73 k €
EBITDA	89,7 k €	-2.9%	92,4 k €	-81.0%	485,3 k €	+426%	92,2 k €	-38.0%	148,7 k €	+70.2%	87,3 k €	+27.2%	68,7 k €	+34.4%	51,1 k €	-20.6%	64,3 k €	-1.1%	65 k €	-25.5%	87,3 k €	+45.5%	60 k €	-20.7%	75,7 k €	-15.7%	89,8 k €	-6.4%	95,9 k €	+15.5%	83 k €	-0.4%	83,4 k €	-11.7%	94,4 k €	+37.3%	68,7 k €
Operating result	10 k €	-56.4%	22,9 k €	-94.8%	442,5 k €	+474%	77,1 k €	-44.4%	138,6 k €	+82.2%	76 k €	+63.3%	46,6 k €	+62.9%	28,6 k €	-23.6%	37,4 k €	+27.5%	29,3 k €	-45.6%	53,9 k €	+116%	24,9 k €	-38.7%	40,6 k €	-30.0%	58,1 k €	-4.2%	60,6 k €	+184%	21,3 k €	-14.8%	25 k €	-39.7%	41,5 k €	+184%	14,6 k €
Net result	-8,5 k €	-1571%	-510,6 €	-100%	333,8 k €	+533%	52,7 k €	-41.8%	90,5 k €	+87.4%	48,3 k €	+85.1%	26,1 k €	+123%	11,7 k €	-10.8%	13,1 k €	+18.7%	11 k €	-57.6%	26,1 k €	+214%	8,3 k €	-56.3%	19 k €	-25.4%	25,5 k €	-13.7%	29,5 k €	+1141%	2,4 k €	-60.7%	6 k €	-63.5%	16,6 k €	+1457%	1,1 k €
Balance sheet
Equity	482,6 k €	-10.0%	536,1 k €	-4.7%	562,7 k €	+135%	239,9 k €	+14.1%	210,2 k €	+11.4%	188,7 k €	+34.4%	140,4 k €	+22.8%	114,3 k €	+3.3%	110,6 k €	-13.2%	127,5 k €	+9.5%	116,4 k €	+28.9%	90,4 k €	+10.1%	82 k €	+30.2%	63 k €	+67.8%	37,6 k €	+16.5%	32,3 k €	+8.0%	29,9 k €	+25.4%	23,8 k €	+228%	7,3 k €
Total assets	1,5 M €	-6.1%	1,5 M €	+83.1%	846,6 k €	+158%	327,9 k €	-19.0%	404,8 k €	+34.7%	300,5 k €	+27.7%	235,4 k €	+5.1%	224,1 k €	-17.9%	273 k €	+6.3%	256,7 k €	-8.0%	279,1 k €	+4.6%	266,8 k €	-5.9%	283,5 k €	-6.7%	303,8 k €	+12.6%	269,9 k €	-11.3%	304,3 k €	+6.2%	286,5 k €	-6.8%	307,4 k €	-6.4%	328,3 k €
Cash	25 k €	+152%	9,9 k €	-59.1%	24,2 k €	-76.4%	102,7 k €	-65.8%	300,4 k €	+112%	141,9 k €	+113%	66,7 k €	+81.5%	36,8 k €	-23.5%	48,1 k €	+76.9%	27,2 k €	-36.9%	43,1 k €	+90.9%	22,6 k €	+145%	9,2 k €	-58.6%	22,2 k €	+0.3%	22,1 k €	+64.7%	13,4 k €	+2998%	434 €	-98.4%	27,4 k €	+122%	12,3 k €
Debts	873,6 k €	-4.4%	913,8 k €	+398%	183,6 k €	+109%	87,7 k €	-54.9%	194,3 k €	+74.1%	111,6 k €	+17.5%	95 k €	-13.5%	109,8 k €	-32.4%	162,4 k €	+25.6%	129,3 k €	-20.2%	162 k €	-7.6%	175,4 k €	-12.6%	200,7 k €	-16.3%	239,9 k €	+3.4%	231,9 k €	-14.6%	271,7 k €	+5.9%	256,5 k €	-9.5%	283,6 k €	-11.7%	321,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,8 ETP	0.0%	0,8 ETP	+14.3%	0,7 ETP	+40.0%	0,5 ETP	-50.0%	1,0 ETP	+100%	0,5 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

SANDRA BALLARD

Manager · since 29 juin 2023

Active

YOHAN BALTHAZAR

Manager · since 29 juin 2023

Active

Ended mandates

Sandra BALLARD

Director · since 29 juin 2023

Ended

Yohan BALTHAZAR

Director · since 29 juin 2023

Ended

Sandra BALLARD

Director · since 30 août 2018 · until 28 juin 2024

Ended

Sandra BALLARD

Manager · since 30 août 2018 · until 28 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Groupe Medigena● Active	1002.699.490
MEDIGENA● Active	0803.437.439

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	09/08/2026	22/08/2025	24/08/2024	03/07/2023	16/08/2022	09/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	09/08/2026	French	PDF
Micro model	31/12/2024	27/06/2025	22/08/2025	French	PDF
Micro model	31/12/2023	28/06/2024	24/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	03/07/2023	French	PDF
Micro model	31/12/2021	24/06/2022	16/08/2022	French	PDF
Micro model	31/12/2020	25/06/2021	09/08/2021	French	PDF
Micro model	31/12/2019	26/06/2020	19/08/2020	French	PDF
Micro model	31/12/2018	28/06/2019	26/08/2019	French	PDF
Micro model	31/12/2017	29/06/2018	20/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	25/08/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	18/07/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	06/07/2012	French	PDF
Abridged model	31/12/2010	08/07/2011	22/07/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	10/08/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	04/08/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 10 ended

Active mandates

SANDRA BALLARD

Manager · since 29 juin 2023

Active

YOHAN BALTHAZAR

Manager · since 29 juin 2023

Active

Ended mandates

Sandra BALLARD

Director · since 29 juin 2023

Ended

Yohan BALTHAZAR

Director · since 29 juin 2023

Ended

Sandra BALLARD

Director · since 30 août 2018 · until 28 juin 2024

Ended

Sandra BALLARD

Manager · since 30 août 2018 · until 28 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/07/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates20/09/2012
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other05/07/2007
DIVERS
PDF
Other05/02/2007
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 2025-8,5 k €↓
2024
Annual accounts 2024-510,6 €↓
2023
Annual accounts 2023333,8 k €↑
2023
Name changeMG BALTHAZAR ET BALLARD
2022
Annual accounts 202252,7 k €↓
2021
Annual accounts 202190,5 k €↑
2021
Name changeMG BALTHAZAR & BALLARD
2020
Annual accounts 202048,3 k €↑
2019
Annual accounts 201926,1 k €↑
2018
Annual accounts 201811,7 k €↓
2017
Annual accounts 201713,1 k €↑
2016
Annual accounts 201611 k €↓
2015
Annual accounts 201526,1 k €↑
2014
Annual accounts 20148,3 k €↓
2013
Annual accounts 201319 k €↓
2012
Annual accounts 201225,5 k €↓
2011
Annual accounts 201129,5 k €↑
2010
Annual accounts 20102,4 k €↓
2009
Annual accounts 20096 k €↓
2008
Annual accounts 200816,6 k €↑
2007
Annual accounts 20071,1 k €
26/01/2007
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

MG BALTHAZAR ET BALLARD

Overview

What does MG BALTHAZAR ET BALLARD 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