ACTIVE

BALS

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Financial year 2023 · closed on 31/12/2023

Net result

235,6 k €

-46.1% YoY

Gross margin

401,1 k €

-42.0% YoY

Equity

342,2 k €

+23.7% YoY

Workforce

3,1 ETP

-35.4% YoY

What does BALS do?

BALS is a Private limited company incorporated in 2007. Its main activity is: Electrical installation. Its registered office is in Oostende. It employs on average 3,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0890.009.543

Incorporation

09/06/2007

Legal form

Private limited company

Registered office

Verenigingstraat 28
8400 Oostende · FlandreSee on map

Contributed capital

15 200,00 €

Latest accounts

31/12/2023

Average workforce

3,1 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories 43240Electrical, plumbing and other construction installation activities 43299Other construction installation 43350Building completion and finishing+5

Joint committees (5)

124
149
14901
200
218

Signals

ProfitableLow 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 16 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	401,1 k €	-42.0%	691,5 k €	+72.9%	400 k €	+132%	172,3 k €	-22.1%	221,3 k €	-27.4%	305 k €	-5.4%	322,5 k €	+67.1%	193,1 k €	+14.6%	168,5 k €	-6.3%	179,7 k €	+16.8%	153,9 k €	+43.1%	107,5 k €	-49.2%	211,5 k €	+36.2%	155,3 k €	+12.1%	138,5 k €	+48.4%	93,3 k €
EBITDA	265,6 k €	-49.4%	525 k €	+134%	224,5 k €	+1045%	19,6 k €	-55.5%	44,1 k €	-52.6%	93,1 k €	-26.2%	126,1 k €	+158%	48,9 k €	+122%	22 k €	-50.6%	44,5 k €	+59.8%	27,9 k €	+418%	-8,8 k €	-107%	120,3 k €	+53.2%	78,5 k €	-22.1%	100,8 k €	+15.1%	87,6 k €
Operating result	253,2 k €	-50.4%	510,3 k €	+147%	206,4 k €	+9512%	-2,2 k €	-111%	20 k €	-72.6%	72,8 k €	-36.3%	114,4 k €	+218%	35,9 k €	+536%	5,7 k €	-71.7%	20 k €	+274%	-11,5 k €	+69.4%	-37,6 k €	-139%	95,2 k €	+54.4%	61,7 k €	+6.1%	58,1 k €	+23.3%	47,1 k €
Net result	235,6 k €	-46.1%	437 k €	+156%	170,7 k €	+1077%	-17,5 k €	-580%	3,6 k €	-93.5%	56,3 k €	-36.7%	89 k €	+255%	25,1 k €	+330%	-10,9 k €	-147%	23,3 k €	+306%	-11,3 k €	+60.1%	-28,4 k €	-149%	58,4 k €	+58.2%	36,9 k €	+15.0%	32,1 k €	+17.7%	27,3 k €
Balance sheet
Equity	342,2 k €	+23.7%	276,6 k €	+73.3%	159,7 k €	+43.8%	111 k €	-13.6%	128,5 k €	+2.9%	124,8 k €	-25.9%	168,5 k €	+14.2%	147,5 k €	+3.6%	142,4 k €	-7.1%	153,4 k €	+18.0%	130 k €	-8.0%	141,4 k €	-16.7%	169,8 k €	+52.4%	111,4 k €	+49.5%	74,5 k €	+75.6%	42,5 k €
Total assets	1,6 M €	+50.5%	1 M €	-41.9%	1,8 M €	+28.8%	1,4 M €	+22.5%	1,1 M €	+79.2%	634 k €	+19.3%	531,6 k €	+68.5%	315,5 k €	-3.1%	325,4 k €	-12.4%	371,6 k €	+6.0%	350,6 k €	+3.1%	340,2 k €	-26.2%	460,8 k €	+7.7%	427,8 k €	+35.2%	316,4 k €	+84.3%	171,7 k €
Cash	75 k €	-26.7%	102,3 k €	-30.7%	147,5 k €	+137%	62,3 k €	-79.7%	306,7 k €	+185%	107,6 k €	-36.2%	168,5 k €	+85.0%	91,1 k €	-3.3%	94,2 k €	+264%	25,9 k €	-77.4%	114,6 k €	+27.6%	89,8 k €	-29.4%	127,2 k €	+109%	61 k €	-40.7%	102,9 k €	+944%	9,9 k €
Debts	1,2 M €	+60.3%	765,3 k €	-53.1%	1,6 M €	+27.7%	1,3 M €	+27.2%	1 M €	+98.3%	506,7 k €	+40.2%	361,5 k €	+121%	163,6 k €	-9.6%	181 k €	-16.4%	216,5 k €	-0.2%	217 k €	+9.7%	197,8 k €	-31.8%	290,2 k €	-8.3%	316,4 k €	+30.8%	241,9 k €	+87.2%	129,2 k €
Other
Workforce	3,1 ETP	-35.4%	4,8 ETP	+29.7%	3,7 ETP	+15.6%	3,2 ETP	-17.9%	3,9 ETP	-23.5%	5,1 ETP	+15.9%	4,4 ETP	+46.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	+7.1%	2,8 ETP	0.0%	2,8 ETP	-6.7%	3,0 ETP	+66.7%	1,8 ETP	+50.0%	1,2 ETP	+20.0%	1,0 ETP

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 31/12/2023 · 2 active · 11 ended

Active mandates

OSCAR ALFA

Director · 0543.770.518

Represented by Olivier Bals

Active

VINZ

Director · 0543.770.320

Represented by Vincent Bals

Active

Ended mandates

OSCAR ALFA

Manager · since 01 janvier 2014 · 0543.770.518

Represented by Olivier Bals

Ended

VINZ

Manager · since 01 janvier 2014 · 0543.770.320

Represented by Vincent Bals

Ended

Olivier Bals

Manager · since 09 juin 2007

Ended

Vincent Bals

Manager · since 09 juin 2007

Ended

At this address

Other companies at this address

Company	CBE no.
BEACH BAR OOSTENDE● Active	0686.761.087
Vereniging Van Mede-Eigenaars Appartementsgebouw Oostende Verenigingstraat 28● Active	0715.721.824

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/11/2024	22/02/2024	22/08/2022	20/08/2021	06/10/2020	20/08/2019
General meeting	18/11/2024	09/02/2024	09/08/2022	18/08/2021	25/09/2020	12/08/2019
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2023	18/11/2024	19/11/2024	Dutch	PDF
Abridged model	31/12/2022	09/02/2024	22/02/2024	Dutch	PDF
Abridged model	31/12/2021	09/08/2022	22/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/08/2021	20/08/2021	Dutch	PDF
Abridged model	31/12/2019	25/09/2020	06/10/2020	Dutch	PDF
Abridged model	31/12/2018	12/08/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	17/07/2018	18/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/07/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	09/08/2016	11/08/2016	Dutch	PDF
Abridged model	31/12/2014	24/07/2015	06/08/2015	Dutch	PDF
Abridged model	31/12/2013	23/07/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/08/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	23/07/2012	13/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	31/05/2009	06/07/2009	Dutch	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 31/12/2023 · 2 active · 11 ended

Active mandates

OSCAR ALFA

Director · 0543.770.518

Represented by Olivier Bals

Active

VINZ

Director · 0543.770.320

Represented by Vincent Bals

Active

Ended mandates

OSCAR ALFA

Manager · since 01 janvier 2014 · 0543.770.518

Represented by Olivier Bals

Ended

VINZ

Manager · since 01 janvier 2014 · 0543.770.320

Represented by Vincent Bals

Ended

Olivier Bals

Manager · since 09 juin 2007

Ended

Vincent Bals

Manager · since 09 juin 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/12/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office07/07/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/08/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office17/08/2010
MAATSCHAPPELIJKE ZETEL
PDF
Other21/06/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2023
Annual accounts 2023235,6 k €↓
2022
Annual accounts 2022437 k €↑
2021
Annual accounts 2021170,7 k €↑
2020
Annual accounts 2020-17,5 k €↓
2019
Annual accounts 20193,6 k €↓
2018
Annual accounts 201856,3 k €↓
2017
Annual accounts 201789 k €↑
2016
Annual accounts 201625,1 k €↑
2015
Annual accounts 2015-10,9 k €↓
2014
Annual accounts 201423,3 k €↑
2013
Annual accounts 2013-11,3 k €↑
2012
Annual accounts 2012-28,4 k €↓
2011
Annual accounts 201158,4 k €↑
2010
Annual accounts 201036,9 k €↑
2009
Annual accounts 200932,1 k €↑
2008
Annual accounts 200827,3 k €
09/06/2007
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

BALS

Overview

What does BALS do?

Trend over 16 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