Balada
ActiveSummary
Balada has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €-4k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 93% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 18.45; short-term debt: 5.3% and cash: 63.8% of total assets), and 5.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.7%
Return on assets
-24.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
8 d early
2023
7 d early
2022
5 d early
2021
4 d early
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 20.8%
2024 · €19k
2018: €20k
2019: €21k
2020: €20k
2021: €19k
2022: €28k
2023: €24k
2024: €19k
2018 → 2025
Total assets
€16k▼ 16.9%
2024 · €19k
2018: €26k
2019: €25k
2020: €26k
2021: €22k
2022: €36k
2023: €25k
2024: €19k
2018 → 2025
Net result
€-4k▲ 11.3%
2024 · €-5k
2018: €3k
2019: €3k
2020: €-1k
2021: €-907
2022: €10k
2023: €-4k
2024: €-5k
2018 → 2025
Working capital
€15k▼ 19.7%
2024 · €18k
2018: €2k
2019: €12k
2020: €19k
2021: €19k
2022: €28k
2023: €23k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€28k▲ 48.0%€24k▼ 15.9%€19k▼ 19.0%€15k▼ 20.8%
Operating result€-681-€13k€-4k€-5k▼ 10.3%€-4k▲ 17.2%
Net result€-907-€10k€-4k€-5k▼ 0.3%€-4k▲ 11.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€482 ▼ 45.3%
Current assets
€16k ▼ 15.6%
Equity and liabilities €16k
Equity
€15k ▼ 20.8%
Debt
€842 ▲ 688%
Debt's share of the balance-sheet total rises from 0.6% to 5.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▲
2024 · €-4k
Cash flow
€-4k▲
2024 · €-4k
Current ratio
18.45
Debt to equity
0.06▲
2024 · 0.01
ROE
-26.3%▼
2024 · -23.5%
ROA
-24.9%▼
2024 · -23.4%
Interest coverage
-81.48▲
2024 · -99.72
Debt ≤ 1 year
€842▲
2024 · €107
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€19k€16k▼
Formation expenses20€0€0=
Fixed assets21/28€881€482▼
Tangible fixed assets22/27€881€482▼
Furniture and vehicles24€881€482▼
Current assets29/58€18k€16k▼
Amounts receivable within one year40/41€7k€4k▼
Trade receivables40€4k€3k▼
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58€11k€10k▼
Deferred charges and accrued income490/1€40€842▲
Equity and liabilities
Total equity and liabilities10/49€19k€16k▼
Equity10/15€19k€15k▼
Contributions10/11€19k€19k=
Reserves13€10k€10k=
Tax-exempt reserves132€562€562=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-9k€-13k▼
Amounts payable17/49€107€842▲
Amounts payable within one year42/48€107€842▲
Trade debts44€107€842▲
Suppliers440/4€107€842▲
Income statement
Code20242025
Non-recurring operating income76A€73-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€420€399▼
Other operating charges640/8€528-
Gross operating margin9900€-4k€-4k▲
Operating profit (loss)9901€-5k€-4k▲
Financial income75/76B€450€115▼
Recurring financial income75€450€115▼
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903€-5k€-4k▲
Profit (loss) for the period9904€-5k€-4k▲
Profit (loss) for the period to be appropriated9905€-5k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-13k▼
Profit (loss) brought forward from the previous period14P€-4k€-9k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 8current ratio 172.12
Current ratio from 20.86 to 172.12; short-term debt falls from €1k to €107.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 20.86
Current ratio from 4.79 to 20.86; short-term debt falls from €7k to €1k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 3.80
Current ratio from 1.39 to 3.80; short-term debt falls from €6k to €4k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lebbeke · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Aalstersestraat 99280 LebbekeGround area
839 m²
Building footprint
124 m²
Volume, LiDAR
633 m³
Parcel 42011A0488/00R000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Aalstersestraat 9, 9280 Lebbeke
since 20162.255.037.786
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42011A0488/00R000 | Flanders | 839 m² | 1 · 124 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 375 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 27,583 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
43310Plastering work
43350Other building finishing work
46130Agents in the wholesale of timber and building materials
47521Retail sale of hardware, building materials, paint and glass (general range)
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.