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Balanes

Open bankruptcy
Private limited companyfounded 2007KBO/BCE: BE 0891.608.360

A bankruptcy procedure is open for Balanes according to publications in the Belgian State Gazette; curator: NATHALIE VERMEERSCH.

Summary

The file additionally contains 1 administrative flag. The 2021 annual accounts show equity of €17,040 and a net result of €1,145.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
24 October 2024
Supervising judge
Kelly Schamphelaere
Official Gazette
30-10-2024 (pdf) ↗search the document for 2024/141771

Deadlines

Provisional date payments stopped
24 April 2024Moved back by judgment of 15 May 2025. Payments and security you received since that day can in some cases be challenged by the curator.art. XX.105, XX.111 and XX.112 CEL
Appeal or third-party opposition until
passed on 14 November 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 23 November 2024art. XX.104 and XX.155 CEL
First verification report
passed on 20 December 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 24 October 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-06-2022, 34 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
34 d early
2020
54 d early
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 19 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

Balanes was incorporated on 24 August 2007.1 Total assets rose from EUR 14,563 in 2018 to EUR 18,673 in 2021.2 On 24 October 2024 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 30-10-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, abbreviated schema

Equity
€17,040▲ 7.2%
2020 · €15,895
Total assets
€18,673▼ 5.3%
2020 · €19,712
Net result
€1,145▼ 84.4%
2020 · €7,334
Working capital
€15,982▲ 10.4%
2020 · €14,475
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result€2,588--€3,109€9,477€2,961▼ 68.8%
Net result€614--€4,272€7,334€1,145▼ 84.4%
Equity€12,832-€8,560▼ 33.3%€15,895▲ 85.7%€17,040▲ 7.2%
Total assets€14,563-€10,110▼ 30.6%€19,712▲ 95.0%€18,673▼ 5.3%
Debt€1,731-€1,550▼ 10.5%€3,818▲ 146%€1,633▼ 57.2%
Working capital€12,832-€8,560▼ 33.3%€14,475▲ 69.1%€15,982▲ 10.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2018: €2,588€2,588Net result 2018: €614€614Operating result 2019: -€3,109-€3,109Net result 2019: -€4,272-€4,272Operating result 2020: €9,477€9,477Net result 2020: €7,334€7,334Operating result 2021: €2,961€2,961Net result 2021: €1,145€1,1452018201920202021-€5,000€0€5,000€10,000Operating result 2019: -€3,109-€3,110Net result 2019: -€4,272-€4,270Operating result 2020: €9,477€9,480Net result 2020: €7,334€7,330Operating result 2021: €2,961€2,960Net result 2021: €1,145€1,150201920202021
The operating result falls in 2021; 2021 is 69% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €18,673
Fixed assets €1,141 ▼ 21.3%
Current assets €17,531 ▼ 4.0%
Equity and liabilities €18,673
Equity €17,040 ▲ 7.2%
Debt €1,633 ▼ 57.2%
Debt's share of the balance-sheet total falls from 19.4% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
2021 value · change against 2020
EBITDA
€3,269▼
2020 · €9,568
Cash flow
€1,453▼
2020 · €7,426
Current ratio
11.32▲
2020 · 4.82
Debt to equity
0.10
ROE
6.7%▼
2020 · 46.1%
ROA
6.1%▼
2020 · 37.2%
Interest coverage
2.28
Debt ≤ 1 year
€1,549▼
2020 · €3,788
Income taxes
€382▼
2020 · €1,115
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 31 lines
Balance sheet Code20202021
Assets
Total assets20/58€19,712€18,673▼
Fixed assets21/28€1,450€1,141▼
Tangible fixed assets22/27€1,450€1,141▼
Furniture and vehicles24-€1,141
Current assets29/58€18,263€17,531▼
Amounts receivable within one year40/41€1,602€2,523▲
Other amounts receivable41-€2,523
Cash at bank and in hand54/58€16,661€15,008▼
Equity and liabilities
Total equity and liabilities10/49€19,712€18,673▼
Equity10/15€15,895€17,040▲
Contributions10/11-€18,600
Reserves13€502€502=
Non-distributable reserves130/1-€502
Reserves not available under the articles1311-€502
Profit (loss) carried forward14-€3,208-€2,062▲
Amounts payable17/49€3,818€1,633▼
Amounts payable within one year42/48€3,788€1,549▼
Other amounts payable47/48-€1,549
Accrued charges and deferred income492/3-€84
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92€308▲
Other operating charges640/8-€949
Gross operating margin9900€10,016€4,218▼
Operating profit (loss)9901€9,477€2,961▼
Financial charges65/66B-€1,434
Recurring financial charges65€1,027€1,434▲
Profit (loss) for the period before taxes9903€8,449€1,527▼
Income taxes67/77€1,115€382▼
Profit (loss) for the period9904€7,334€1,145▼
Profit (loss) for the period to be appropriated9905€7,334€1,145▼
Appropriation of the result
Profit (loss) to be appropriated9906--€2,062
Profit (loss) brought forward from the previous period14P--€3,208

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€92€308▲ 236%
Other operating charges640/8---€949-
Gross operating margin9900€506-€2,434€10,016€4,218▼ 57.9%
Operating profit (loss)9901€2,588-€3,109€9,477€2,961▼ 68.8%
Recurring financial income75€0----
Financial charges65/66B---€1,434-
Recurring financial charges65€1,079€1,162€1,027€1,434▲ 39.6%
Profit (loss) for the period before taxes9903€1,509-€4,272€8,449€1,527▼ 81.9%
Income taxes67/77€895-€1,115€382▼ 65.8%
Profit (loss) for the period9904€614-€4,272€7,334€1,145▼ 84.4%
Profit (loss) for the period to be appropriated9905€614-€4,272€7,334€1,145▼ 84.4%
Line2018201920202021Change
Assets
Total assets20/58€14,563€10,110€19,712€18,673▼ 5.3%
Fixed assets21/28--€1,450€1,141▼ 21.3%
Tangible fixed assets22/27--€1,450€1,141▼ 21.3%
Furniture and vehicles24---€1,141-
Current assets29/58€14,563€10,110€18,263€17,531▼ 4.0%
Amounts receivable within one year40/41€4,446€2,237€1,602€2,523▲ 57.5%
Other amounts receivable41---€2,523-
Cash at bank and in hand54/58€10,116€7,874€16,661€15,008▼ 9.9%
Equity and liabilities
Total equity and liabilities10/49€14,563€10,110€19,712€18,673▼ 5.3%
Equity10/15€12,832€8,560€15,895€17,040▲ 7.2%
Contributions10/11€18,600€18,600-€18,600-
Reserves13€502€502€502€502=
Non-distributable reserves130/1---€502-
Reserves not available under the articles1311---€502-
Profit (loss) carried forward14-€6,270-€10,542-€3,208-€2,062▲ 35.7%
Amounts payable17/49€1,731€1,550€3,818€1,633▼ 57.2%
Amounts payable within one year42/48€1,731€1,550€3,788€1,549▼ 59.1%
Trade debts44€98€829---
Other amounts payable47/48---€1,549-
Accrued charges and deferred income492/3---€84-
Line2018201920202021Change
Profit (loss) for the period9904€614-€4,272€7,334€1,145▼ 84.4%
+ Depreciation and write-downs630--€92€308▲ 236%
Operating cash flow (approximation)€614-€4,272€7,426€1,453▼ 80.4%
Investment in fixed assets (approximation)---€0-
Change in cash--€2,243€8,787-€1,653▼ 119%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
21-05
Bankruptcy Date of cessation of payments moved back
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 15-05-2025
28-02
KBO administration Address struck
2024
30-10
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 24-10-2024
2022
27-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity doublescurrent ratio 11.32
Current ratio from 4.82 to 11.32; short-term debt falls from €3,788 to €1,549.
07-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €7,334
Net result €7,334 after one loss-making year.
31-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial Weakest financial yearnet -€4,272
Net result drops to -€4,272, the lowest in the series.
28-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
06-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Show earlier events
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
29-09
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
2014
30-09
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
16-07
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Antwerpen · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
3,154 m²
Building footprint
897 m²
Volume, LiDAR
18,472 m³
Parcel 11808H1298/00C000, Flanders · tallest building 25.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
BALANES
Agents specialised in the wholesale of other particular products
since 20142.237.493.654
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11808H1298/00C000 Flanders 3,154 m² 1 · 897 m² 25.8 m · 8 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator NATHALIE VERMEERSCH
PLANTINKAAI 10/21, 2000 ANTWERPEN 1
24-10-2024 → present

Structure & network

Owners and holdings

1 owner

Chain of control

  1. KEGA 99%
  2. Balanes

Highest known parent: KEGA. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded24-08-2007
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.