Balako
ActiveSummary
Balako has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,377 and a net result of €15,381. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 1920 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-2
Solvency96▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.14 against 1.93 in 2024; short-term debt: 28.7% and cash: 18.7% of total assets), and 28.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.3%
Return on assets
15.8%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
27 d late
2023
8 d early
2022
17 d late
2021
9 d late
2020
61 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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. Usually files around 9 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€69,377▲ 5.6%
2024 · €65,706
Total assets
€97,275▼ 20.9%
2024 · €123,008
Net result
€15,381▼ 29.2%
2024 · €21,732
Working capital
€59,577▲ 11.8%
2024 · €53,286
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,634▲ 36.8%€26,983▲ 97.9%€31,764▲ 17.7%€30,707▼ 3.3%€21,777▼ 29.1%
Net result€10,023within the sector's middle half▲ 39.2%€18,410within the sector's middle half▲ 83.7%€22,432within the sector's middle half▲ 21.9%€21,732within the sector's middle half▼ 3.1%€15,381within the sector's middle half▼ 29.2%
Equity€51,132within the sector's middle half▲ 19.0%€49,542within the sector's middle half▼ 3.1%€57,974within the sector's middle half▲ 17.0%€65,706within the sector's middle half▲ 13.3%€69,377within the sector's middle half▲ 5.6%
Total assets€71,452below the sector's middle half▲ 7.5%€96,768within the sector's middle half▲ 35.4%€97,520within the sector's middle half▲ 0.8%€123,008within the sector's middle half▲ 26.1%€97,275within the sector's middle half▼ 20.9%
Debt€20,319▼ 13.5%€47,226▲ 132%€39,545▼ 16.3%€57,302▲ 44.9%€27,898▼ 51.3%
Working capital€49,020within the sector's middle half▲ 29.0%€48,841within the sector's middle half▼ 0.4%€48,939within the sector's middle half▲ 0.2%€53,286within the sector's middle half▲ 8.9%€59,577within the sector's middle half▲ 11.8%
Solvency71.6%above the sector's middle half▲ 6.9pp51.2%within the sector's middle half▼ 20.4pp59.4%within the sector's middle half▲ 8.3pp53.4%within the sector's middle half▼ 6.0pp71.3%above the sector's middle half▲ 17.9pp
Current ratio3.41above the sector's middle half▲ 0.792.03within the sector's middle half▼ 1.382.24within the sector's middle half▲ 0.201.93within the sector's middle half▼ 0.313.14within the sector's middle half▲ 1.21
Return on assets (ROA)14.0%within the sector's middle half▲ 3.2pp19.0%above the sector's middle half▲ 5.0pp23.0%above the sector's middle half▲ 4.0pp17.7%above the sector's middle half▼ 5.3pp15.8%within the sector's middle half▼ 1.9pp
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97,275
Fixed assets
€9,801 ▼ 21.1%
Current assets
€87,474 ▼ 20.9%
Equity and liabilities €97,275
Equity
€69,377 ▲ 5.6%
Debt
€27,898 ▼ 51.3%
Debt's share of the balance-sheet total falls from 46.6% to 28.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,396▼
2024 · €32,822
Cash flow
€18,000▼
2024 · €23,847
Quick ratio
2.80▲
2024 · 1.77
Debt to equity
0.40▼
2024 · 0.87
ROE
22.2%▼
2024 · 33.1%
Interest coverage
8.73▼
2024 · 10.14
Debt ≤ 1 year
€27,898▼
2024 · €57,302
Income taxes
€5,886▼
2024 · €7,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €11,452 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,851 | €1,411 | €575 | €2,116 | €2,619 | ▲ 23.8% |
| Other operating charges640/8 | €723 | €581 | €657 | €1,151 | €1,928 | ▲ 67.6% |
| Gross operating margin9900 | €17,207 | €28,974 | €32,996 | €33,973 | €26,325 | ▼ 22.5% |
| Operating profit (loss)9901 | €13,634 | €26,983 | €31,764 | €30,707 | €21,777 | ▼ 29.1% |
| Financial income75/76B | €195 | €861 | €65 | €1,262 | €2,284 | ▲ 80.9% |
| Recurring financial income75 | €195 | €861 | €65 | €1,262 | €2,284 | ▲ 80.9% |
| Financial charges65/66B | €146 | €380 | €657 | €3,237 | €2,794 | ▼ 13.7% |
| Recurring financial charges65 | €146 | €380 | €657 | €3,237 | €2,794 | ▼ 13.7% |
| Profit (loss) for the period before taxes9903 | €13,683 | €27,463 | €31,173 | €28,732 | €21,268 | ▼ 26.0% |
| Income taxes67/77 | €3,660 | €9,053 | €8,741 | €7,000 | €5,886 | ▼ 15.9% |
| Profit (loss) for the period9904 | €10,023 | €18,410 | €22,432 | €21,732 | €15,381 | ▼ 29.2% |
| Profit (loss) for the period to be appropriated9905 | €10,023 | €18,410 | €22,432 | €21,732 | €15,381 | ▼ 29.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,452 | €96,768 | €97,520 | €123,008 | €97,275 | ▼ 20.9% |
| Fixed assets21/28 | €2,113 | €701 | €9,036 | €12,420 | €9,801 | ▼ 21.1% |
| Tangible fixed assets22/27 | €2,113 | €701 | €9,036 | €12,420 | €9,801 | ▼ 21.1% |
| Plant, machinery and equipment23 | €1,111 | €701 | €4,049 | €8,460 | €6,868 | ▼ 18.8% |
| Furniture and vehicles24 | €1,002 | €0 | €4,987 | €3,960 | €2,933 | ▼ 25.9% |
| Current assets29/58 | €69,339 | €96,067 | €88,484 | €110,589 | €87,474 | ▼ 20.9% |
| Amounts receivable after more than one year29 | - | €12,117 | €0 | - | - | - |
| Other amounts receivable291 | - | €12,117 | €0 | - | - | - |
| Stocks and contracts in progress3 | €11,662 | €13,387 | €13,500 | €9,000 | €9,500 | ▲ 5.6% |
| Stocks30/36 | €11,662 | €13,387 | €13,500 | €9,000 | €9,500 | ▲ 5.6% |
| Amounts receivable within one year40/41 | €7,877 | €20,951 | €32,734 | €73,158 | €59,091 | ▼ 19.2% |
| Trade receivables40 | €2,695 | €20,299 | €21,147 | €36,546 | €26,463 | ▼ 27.6% |
| Other amounts receivable41 | €5,181 | €652 | €11,587 | €36,612 | €32,629 | ▼ 10.9% |
| Cash at bank and in hand54/58 | €43,684 | €44,666 | €37,257 | €23,599 | €18,230 | ▼ 22.7% |
| Deferred charges and accrued income490/1 | €6,115 | €4,946 | €4,993 | €4,833 | €653 | ▼ 86.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,452 | €96,768 | €97,520 | €123,008 | €97,275 | ▼ 20.9% |
| Equity10/15 | €51,132 | €49,542 | €57,974 | €65,706 | €69,377 | ▲ 5.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €32,532 | €30,942 | €39,374 | €47,106 | €50,777 | ▲ 7.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €30,672 | €29,082 | €37,514 | €45,246 | €48,917 | ▲ 8.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €20,319 | €47,226 | €39,545 | €57,302 | €27,898 | ▼ 51.3% |
| Amounts payable within one year42/48 | €20,319 | €47,226 | €39,545 | €57,302 | €27,898 | ▼ 51.3% |
| Trade debts44 | €3,766 | €10,945 | €7,467 | €20,090 | €13,472 | ▼ 32.9% |
| Suppliers440/4 | €3,766 | €10,945 | €7,467 | €20,090 | €13,472 | ▼ 32.9% |
| Taxes, remuneration and social security45 | €8,503 | €16,281 | €18,078 | €9,212 | €2,716 | ▼ 70.5% |
| Taxes450/3 | €8,503 | €16,281 | €18,078 | €9,212 | €2,716 | ▼ 70.5% |
| Other amounts payable47/48 | €8,050 | €20,000 | €14,000 | €28,000 | €11,710 | ▼ 58.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,023 | €18,410 | €22,432 | €21,732 | €15,381 | ▼ 29.2% |
| + Depreciation and write-downs630 | €2,851 | €1,411 | €575 | €2,116 | €2,619 | ▲ 23.8% |
| Operating cash flow (approximation) | €12,874 | €19,821 | €23,008 | €23,847 | €18,000 | ▼ 24.5% |
| Investment in fixed assets (approximation) | - | €0 | -€8,909 | -€5,500 | €0 | ▲ 100% |
| Change in cash | - | €982 | -€7,409 | -€13,658 | -€5,368 | ▲ 60.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €22,432 ▲21.9%
Operating result €31,764, net result €22,432, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Lokeren · 1 establishment unit since 2016
Ground area
5,396 m²
Building footprint
196 m²
Volume, LiDAR
927 m³
Parcel 46007C0347/00C000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Balako
since 20162.260.152.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46007C0347/00C000 | Flanders | 5,396 m² | 1 · 195 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 559 companies in sector 25999 we hold annual accounts for 354. 202 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
25999Manufacture of fabricated metal products, except machinery and equipment
25401Forging of metal
25402Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667987431
Also
9925:BE0667987431
Registered
11-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.