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BALAK INDUSTRIES

Active
Public limited companyfounded 1988active for 38 yearsEuropalaan 31, 3900 Pelt, BelgiumKBO/BCE: BE 0433.219.222
Summary

BALAK INDUSTRIES has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.6m and a net result of €166,918. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 49% of 1,531 sector peers (NACE 62, financial year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow ReportCompare
BALAK INDUSTRIESActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active since 11-01-1988 Normal situation
Activity
Computer programming NACE 62100
Establishment unit
2.034.158.195 3900 Pelt, since 12-02-1988
Financial year end
31 December
Peppol
Reachable since 04-07-2025
Company details

Board and ownership

Board
  • AVALORManaging director · permanent representative Michiel Avontuur
  • HERCULES INVEST NVDirector · since 24-02-2022
  • JoWe Beheer BVDirector · since 24-02-2022
Auditor
Foederer Bedrijfsrevisoren
Shareholders
Holdings
Shares in 3 companies including BALAK COATINGS and Balak Fences
Board & ownership

Financial position

54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2024
Profit
€166,918
▼ 96.7%
Equity
€6.6m
▲ 2.6%
Total assets
€16.0m
▲ 1.3%
  • 2025 accounts not filed, 94 days past the deadline
Filed on 10-07-2025
Financials
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 11-07-2025)Liquidity: current ratio 0.97, cash €248,823, halvedlowers riskSize: total assets €16.0mSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 35% of medium-sized companies in computer programming and consultancy (NACE 62)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2023
Weak
Solvency 66+1
equity 40.9% of total assets
Liquidity 21-5
short-term debt 59.1% · cash 1.6%
Profitability 40-60
return on assets 1.0%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (206 companies, NACE 62, medium-sized)
Last 24 months 12-2024: < 0.1%lowest value 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged 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 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: 0.1%▲ +0.1 percentage points vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.4%▲ +0.2 percentage points vs 09-2026highest value 11-2026: 0.4%● unchanged vs 10-2026highest value
Credit of up to €350,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is insufficient, with a current ratio of 0.97 (0.95 in 2023), below 1. Short-term debt is 59.1% and cash 1.6% of total assets. 59.1% of the assets are financed with debt and provisions.
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 62, medium-sized). It does better than 57% of them on solvency, 20% on liquidity, 24% on profitability and 40% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed on 11-07-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.97, cash €248,823, halved
NBB · annual accounts
lowers risk · Size: total assets €16.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €6.6m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 94 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline02-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
21 days early
2023
18 days early
2022
27 days early
2021
31 days early
2020
5 days early
2019
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 19 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Result fell in 2024the 2023 profit included a one-off income of €5.0m ▼ 96.7% View
  • Positive: 3rd largest company by total assets in Pelt, Telecoms and IT sectorin the Checked rankings No. 3 View

Recent changes

  1. · Gazette deed Reappointment: Foederer DFK Bedrijfsrevisoren BV (statutory auditor)
  2. · Gazette deed Appointment: FOEDERER DFK BEDRIJFSREVISOREN BV (statutory auditor)Permanent representatives: Tom Quittelier and Mathieu Meers
  3. · Gazette deed Appointment: Foederer DFK Bedrijfsrevisoren (statutory auditor)Permanent representative: Edwin Franssen
All 23 events

Companies linked to BALAK INDUSTRIES

Comparable companies

These companies have the same main activity as BALAK INDUSTRIES: computer programming (NACE 62100). They are comparable in size and age: total assets between €15m and €17m, founded between 1984 and 1991.

CompanyTotal assetsTurnover
BALAK INDUSTRIES Pelt€16.0m-
TomTom Belgium Gent€16.8m€40.4m
EASYPAY Tielt€16.6m€19.9m
AMADEUS BENELUX Machelen (Brab.)€17.2m€38.3m
VEREYCKEN & VEREYCKEN Kontich€14.7m€14.1m
GREISCH INGENIERIE Liège€15.7m€18.6m
Onafhankelijke Software Groep Kontich€15.0m-
Full comparison

Key facts about BALAK INDUSTRIES
What is the company number of BALAK INDUSTRIES?
The company number of BALAK INDUSTRIES is 0433.219.222. The VAT number is the same number with BE in front: BE 0433.219.222.
Where is BALAK INDUSTRIES based?
The registered office is at Europalaan 31, 3900 Pelt.Company details
What does BALAK INDUSTRIES do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of BALAK INDUSTRIES?
The legal form of BALAK INDUSTRIES is Public limited company (NV).
When was BALAK INDUSTRIES founded?
BALAK INDUSTRIES was founded on 11-01-1988.
Is BALAK INDUSTRIES still active?
Yes, BALAK INDUSTRIES is an active enterprise in the KBO register.
What is the turnover of BALAK INDUSTRIES?
The annual accounts for financial year 2024 state no turnover. In financial year 2023 turnover was €0.Financials
Is BALAK INDUSTRIES profitable?
In financial year 2024, BALAK INDUSTRIES made a profit of €166,918.
Where can I find the annual accounts of BALAK INDUSTRIES?
BALAK INDUSTRIES filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

Next steps

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