Financials
Financial year 2024
BALAK COATINGS from Pelt, company number BE0452884882, closed financial year 2024 with a result of € 2.2 million after tax. For that financial year BALAK COATINGS recorded revenue of € 41.4 million and equity of € 24.6 million. Compared with financial year 2023, the result moved from € 2 million to € 2.2 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2025.
€ 24.6 million
▼ 8% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▲ 12% vs 2023
Profit after tax over the fiscal year.
€ 1.8 million
▼ 30% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
42
▲ 4.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▲ 26% vs 2023
€ 77,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 80,901
▼ 25% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 31.7 million
▼ 8% vs 2023
€ 3 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 2.9 million
▲ 17% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 30 days on average.
€ 1.4 million
▲ 67% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 49,272,314 | € 46,207,037 | € 40,524,226 | € 41,403,526 | ▲ 2% |
| Profit after taxes | € 7,890,667 | € 2,163,115 | € 1,966,164 | € 2,206,604 | ▲ 12% |
| Equity | € 22,570,700 | € 24,711,453 | € 26,665,599 | € 24,626,452 | ▼ 8% |
| Total debts | € 5,445,171 | € 44,251,939 | € 41,907,637 | € 46,183,125 | ▲ 10% |
| Cash | € 3,419,104 | € 4,948,002 | € 2,543,542 | € 1,771,520 | ▼ 30% |
| Land & buildings | € 247,580 | € 333,903 | € 274,691 | € 223,075 | ▼ 19% |
| Retained profit | € 22,029,661 | € 24,192,776 | € 26,158,940 | € 23,365,544 | ▼ 11% |
| Dividend | € 0 | € 0 | € 0 | € 5,000,000 | |
| Bank debt | € 0 | € 36,961,987 | € 34,369,609 | € 31,687,200 | ▼ 8% |
| Balance sheet total | € 28,102,434 | € 69,047,419 | € 68,659,572 | € 70,900,981 | ▲ 3% |
| Employees (FTE) | 47.4 | 40 | 37.4 | 42 | ▲ 4.6 |
Key figures of BALAK COATINGS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to BALAK COATINGS?
What happened at BALAK COATINGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Avalor BV stepped down as director. NBB
- Opcore BV stepped down as director. NBB
- HERCULES INVEST NV stepped down as director. NBB
- JoWe Beheer BV stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 2.2 million (▲ 12% vs 2023). Source: NBB ↗
- Avalor BV became a director. NBB
- Opcore BV became a director. NBB
- HERCULES INVEST NV became a director. NBB
In short
From € 7.9 million profit in 2021 to € 2.2 million profit in 2024.
Paid € 4.4 million in corporate taxes since 2021.
Best year ever: 2021, with € 7.9 million profit.
Paid out € 5 million in dividends to the owners in total.
Management
The stake of BALAK INDUSTRIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BALAK COATINGSThe shares are held by BALAK INDUSTRIES (100%).
Directors
According to the 2024 annual accounts
Managing director · represented by Michiel AVONTUUR
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, BARDOLINO INVEST, Construct Materials Group, HERCULES INVEST, Balak Fences, PORTOFINO GROUP
since 2022 · until 2028
Director · represented by Ronnie EERDEKENS
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, Balak Fences
since 2022 · until 2028
Managing director · represented by Reinier VAN LUIJT
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, Balak Fences
since 2022 · until 2028
Director · represented by Joost WEGINK
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, Balak Fences
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Europalaan 31
3900 Pelt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.884.882
- VAT number
- BE 0452.884.882
- Registered office
- Europalaan 31, 3900 Pelt
- Names & denominations
- BALAK COATINGS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 June 1994
- Peppol
- Active · Active since 26 Aug 2025
- Contact
- balak.com [email protected] 011809900
- Activities · NACE
Coating van metalen
Oppervlaktebehandeling en bekleding van metaal
Algemene metaalbewerking
Oppervlaktebehandeling van metalen
Verspanend bewerken van metalen