Equity
€97,163 ▲ 42.7%
Balaena paid out €50,760 in dividends. That is 56% of the 2025 profit.
Balaena
Lifetime
8 annual accounts with figures on one time axispeak €136,938 (2025)
€136,938▲ 21×
lowest -€9,600 (2024)
€89,843▲ €99,443
peak €97,163 (2025)
€97,163▲ 42.7%
€45,798▲ 13×
Board1 name since 2017
1 directorNauwelaerts Steven
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €6,510 to €136,938Back to profit: €89,843Dividend €50,760Equity from €68,080 to €97,163Debts from €3,522 to €45,798Investments €40,848
Key points
from the 2025 annual accountsResult
€89,843 €89,843
Back in profit in 2025, after a loss of €9,600 in 2024.
Turnover
≈ €230,000 estimated
The micro format states no turnover.
Investments
€77,348 6.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.20 was 3.69 in 2024
Short-term debts rose from €3,522 to €45,798.
Filings
8 annual accounts 2 late
The 2022 accounts came latest: 30 days after the end of the period.
Checked score
97
Excellent
Financially stronger than 72% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025highest value
08-2026: < 0.1%lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 1.20, cash €40,200
Size: total assets €142,961
Equity €97,163 (68.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 63% of them on solvency, 64% on liquidity, 84% on profitability and 78% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Balaena has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Balaena itself is lower: < 0.1% within 12 months. It rests on far more data about Balaena than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Balaena. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.2 (3.69 in 2024), below the usual 1.5. Short-term debt is 32% and cash 28.1% of total assets. 32% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 day early
2024
31 days early
2023
19 days early
2022
30 days late
2021
30 days early
2020
31 days early
2019
28 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0678959616
Registered office moved from Ostend to Wenduine
New registered office: Duinrozenpad 4 te 8420 Wenduine · Previous registered office: Steenbakkersstraat 3 te 8400 Oostende · General meeting of 27-06-2022 · Gazette deed
First establishment
Duinrozenpad 4, De Haan
Incorporation
published on 01-08-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Balaena De Haan | €142,961 | €136,938 | 68.0% | - |
| RUMMENS & CORNETTE Ostend | €136,449 | €150,958 | 5.9% | - |
| Phoenix FS Waregem | €124,218 | €144,753 | 72.8% | - |
| QUALIFINAS Roeselare | €115,955 | €129,073 | - | - |
| NOTARIS MICHAEL MERTENS Knokke-Heist | €144,515 | €113,009 | 74.1% | - |
| FIDELA Kortrijk | €121,980 | €120,098 | 15.2% | - |
| PCT Consulting Koksijde | €130,988 | €138,895 | 93.1% | - |
These companies have the same main activity as Balaena: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €116,000 and €145,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 28-07-2017Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.266.676.7968420 De Haan, since 15-08-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 10-07-2025
Annual accounts 2025
- €142,961▲ 99.7%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on Balaena
Balaena files the micro format. That format states no turnover. The gross margin rose from €15,714 in 2018 to €136,938 in 2025.
The balance sheet grew most in 2025 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Balaena
- What is the company number of Balaena?
- The company number of Balaena is 0678.959.616. The VAT number is the same number with BE in front: BE 0678.959.616.
- Where is Balaena based?
- The registered office is at Duinrozenpad 4, 8420 De Haan.Company details
- What does Balaena do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Balaena?
- Balaena is a private limited company (pre-2019) (BVBA).
- When was Balaena founded?
- Balaena was founded on 28-07-2017.
- Is Balaena still active?
- Yes, Balaena is an active enterprise in the KBO register.
- What is the turnover of Balaena?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €136,938 and 109 comparable companies (NACE 70200). It probably lies between €200,000 and €280,000.Financials
- Is Balaena profitable?
- In financial year 2025, Balaena made a profit of €89,843.
- Where can I find the annual accounts of Balaena?
- Balaena filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Balaena due?
- Balaena must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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