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In the early seventies the former owner Nico van Balveren, at the time still bicycle retailer, started with the development and production of various models bicycle baskets.
Nico's father ánd grandfather, were indeed both bicycle retailer. In 1976 Nico has established 'N. van Balveren Riet Import-Export'. After a few years the name of the company was changed into the brand name BASIL. The word 'Basil' is a contraction of 'van Balveren'and 'SILvolde' (Silvolde is the original domicile). Since 2001 the company has been taken over by Marthijn van Balveren, son of Nico.