BALAMA
ActiveSummary
BALAMA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12,065 and a net result of €51,264. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency45▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.96 in 2023; short-term debt: 79.8% and cash: 89% of total assets), and 79.8% of the assets are financed with debt.
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Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
20.2%
Return on assets
85.8%
Age of the figures
21 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 16-06-2026, 45 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
45 d early
2024
15 d late
2023
22 d late
2022
50 d early
2021
29 d early
2020
10 d late
2019
35 d early
← 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 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 2 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€12,065▲ 108%
2023 · €5,802
Total assets
€59,730▲ 0.6%
2023 · €59,369
Net result
€51,264▲ 0.9%
2023 · €50,799
Working capital
€6,824
2023 · -€2,158
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Line20202021202220232024
Operating result€37,945▲ 418%€44,751▲ 17.9%€49,510▲ 10.6%€68,470▲ 38.3%€68,981▲ 0.7%
Net result€28,021within the sector's middle half▲ 434%€32,990within the sector's middle half▲ 17.7%€36,795within the sector's middle half▲ 11.5%€50,799within the sector's middle half▲ 38.1%€51,264within the sector's middle half▲ 0.9%
Equity€32,158below the sector's middle half▲ 551%€64,348within the sector's middle half▲ 100%€5,003below the sector's middle half▼ 92.2%€5,802below the sector's middle half▲ 16.0%€12,065below the sector's middle half▲ 108%
Total assets€49,187below the sector's middle half▲ 259%€71,089below the sector's middle half▲ 44.5%€56,977below the sector's middle half▼ 19.9%€59,369below the sector's middle half▲ 4.2%€59,730below the sector's middle half▲ 0.6%
Debt€17,029▲ 94.6%€6,741▼ 60.4%€51,974▲ 671%€53,567▲ 3.1%€47,665▼ 11.0%
Working capital€32,158within the sector's middle half▲ 551%€64,348within the sector's middle half▲ 100%-€1,729below the sector's middle half-€2,158below the sector's middle half▼ 24.8%€6,824below the sector's middle half
Solvency65.4%within the sector's middle half▲ 29.3pp90.5%above the sector's middle half▲ 25.1pp8.8%below the sector's middle half▼ 81.7pp9.8%below the sector's middle half▲ 1.0pp20.2%below the sector's middle half▲ 10.4pp
Current ratio2.89within the sector's middle half▲ 1.3210.55above the sector's middle half▲ 7.660.97below the sector's middle half▼ 9.580.96below the sector's middle half▼ 0.011.14below the sector's middle half▲ 0.18
Return on assets (ROA)57.0%above the sector's middle half▲ 18.6pp46.4%above the sector's middle half▼ 10.6pp64.6%above the sector's middle half▲ 18.2pp85.6%above the sector's middle half▲ 21.0pp85.8%above the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 risen four years in a row; 2024 is 1% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €59,730
Fixed assets
€5,242 ▼ 34.1%
Current assets
€54,488 ▲ 6.0%
Equity and liabilities €59,730
Equity
€12,065 ▲ 108%
Debt
€47,665 ▼ 11.0%
Debt's share of the balance-sheet total falls from 90.2% to 79.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€71,700▲
2023 · €70,825
Cash flow
€53,982▲
2023 · €53,153
Debt to equity
3.95▼
2023 · 9.23
ROE
424.9%▼
2023 · 875.6%
Interest coverage
567.07▼
2023 · 736.84
Debt ≤ 1 year
€47,665▼
2023 · €53,567
Income taxes
€17,845▲
2023 · €17,630
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% | 1.9% |
| 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 6,713 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,532 | €2,355 | €2,718 | ▲ 15.4% |
| Other operating charges640/8 | - | €348 | €348 | €557 | €578 | ▲ 3.8% |
| Gross operating margin9900 | €38,643 | €45,098 | €51,390 | €71,382 | €72,278 | ▲ 1.3% |
| Operating profit (loss)9901 | €37,945 | €44,751 | €49,510 | €68,470 | €68,981 | ▲ 0.7% |
| Financial income75/76B | - | - | - | €55 | €254 | ▲ 365% |
| Recurring financial income75 | - | - | - | €55 | €254 | ▲ 365% |
| Financial charges65/66B | - | €97 | €87 | €96 | €126 | ▲ 31.5% |
| Recurring financial charges65 | €59 | €97 | €87 | €96 | €126 | ▲ 31.5% |
| Profit (loss) for the period before taxes9903 | €37,886 | €44,653 | €49,423 | €68,429 | €69,109 | ▲ 1.0% |
| Income taxes67/77 | €9,865 | €11,664 | €12,628 | €17,630 | €17,845 | ▲ 1.2% |
| Profit (loss) for the period9904 | €28,021 | €32,990 | €36,795 | €50,799 | €51,264 | ▲ 0.9% |
| Profit (loss) for the period to be appropriated9905 | €28,021 | €32,990 | €36,795 | €50,799 | €51,264 | ▲ 0.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,187 | €71,089 | €56,977 | €59,369 | €59,730 | ▲ 0.6% |
| Fixed assets21/28 | - | - | €6,732 | €7,960 | €5,242 | ▼ 34.1% |
| Tangible fixed assets22/27 | - | - | €6,732 | €7,960 | €5,242 | ▼ 34.1% |
| Furniture and vehicles24 | - | - | - | €2,060 | €1,187 | ▼ 42.3% |
| Other tangible fixed assets26 | - | - | €6,732 | €5,900 | €4,054 | ▼ 31.3% |
| Current assets29/58 | €49,187 | €71,089 | €50,245 | €51,409 | €54,488 | ▲ 6.0% |
| Amounts receivable within one year40/41 | €4,725 | €4,745 | €2,828 | €6,372 | €1,153 | ▼ 81.9% |
| Trade receivables40 | - | - | €250 | €331 | €227 | ▼ 31.3% |
| Other amounts receivable41 | - | €4,745 | €2,578 | €6,041 | €926 | ▼ 84.7% |
| Cash at bank and in hand54/58 | €44,462 | €66,345 | €46,505 | €45,001 | €53,173 | ▲ 18.2% |
| Deferred charges and accrued income490/1 | - | - | €912 | €36 | €162 | ▲ 346% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,187 | €71,089 | €56,977 | €59,369 | €59,730 | ▲ 0.6% |
| Equity10/15 | €32,158 | €64,348 | €5,003 | €5,802 | €12,065 | ▲ 108% |
| Contributions10/11 | - | €500 | €500 | €500 | €500 | = |
| Reserves13 | €4,400 | €4,400 | €4,400 | €4,400 | €4,400 | = |
| Non-distributable reserves130/1 | - | €4,400 | €4,400 | - | - | - |
| Other1319 | - | €4,400 | €4,400 | - | - | - |
| Distributable reserves133 | - | - | - | €4,400 | €4,400 | = |
| Profit (loss) carried forward14 | €27,258 | €59,448 | €103 | €902 | €7,165 | ▲ 695% |
| Amounts payable17/49 | €17,029 | €6,741 | €51,974 | €53,567 | €47,665 | ▼ 11.0% |
| Amounts payable within one year42/48 | €17,029 | €6,741 | €51,974 | €53,567 | €47,665 | ▼ 11.0% |
| Trade debts44 | - | - | €207 | €567 | €40 | ▼ 93.0% |
| Suppliers440/4 | - | - | €207 | €567 | €40 | ▼ 93.0% |
| Taxes, remuneration and social security45 | - | €865 | €3,310 | €3,000 | €10,532 | ▲ 251% |
| Taxes450/3 | - | €865 | €3,310 | €3,000 | €10,532 | ▲ 251% |
| Other amounts payable47/48 | - | €5,876 | €48,457 | €50,000 | €37,093 | ▼ 25.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,021 | €32,990 | €36,795 | €50,799 | €51,264 | ▲ 0.9% |
| + Depreciation and write-downs630 | - | - | €1,532 | €2,355 | €2,718 | ▲ 15.4% |
| Operating cash flow (approximation) | €28,021 | €32,990 | €38,327 | €53,153 | €53,982 | ▲ 1.6% |
| Investment in fixed assets (approximation) | - | - | - | -€3,583 | €0 | ▲ 100% |
| Change in cash | - | €21,883 | -€19,840 | -€1,504 | €8,173 | ▲ 643% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
31-12
Financial
Highest result since 2019net €51,264 ▲0.9%
Operating result €68,981, net result €51,264, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 10.55
Current ratio from 2.89 to 10.55; short-term debt falls from €17,029 to €6,741.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Verviers · 1 establishment unit since 2019
Ground area
1,007 m²
Building footprint
113 m²
Volume, LiDAR
1,027 m³
Parcel 63036A0331/00K000, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Chaussée de Theux 46, 4802 Verviers
since 20192.294.494.517
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63036A0331/00K000 | Wallonia | 1,007 m² | 1 · 113 m² | 10.8 m · 3 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 22,076 companies in sector 69101 we hold annual accounts for 9,061. 5,127 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
Founded04-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735702042
Registered
22-12-2025
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.