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Basil formed in the early seventies with 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 and grandfather, were indeed both bicycle retailers. 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 contradiction 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.