BALANS
ActiveSummary
BALANS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €741k and a net result of €56k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 74% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-14
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 4.21 against 3.84 in 2023; short-term debt: 21.8% and cash: 9.7% of total assets), and 21.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
78.2%
Return on assets
5.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
122 d late
2022
32 d late
2021
31 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€741k▲ 7.2%
2023 · €691k
Total assets
€948k▲ 5.0%
2023 · €903k
Net result
€56k▼ 63.6%
2023 · €155k
Working capital
€663k▲ 10.8%
2023 · €598k
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
Line20202021202220232024
Operating result€112k▲ 17.3%€135k▲ 21.0%€179k▲ 32.3%€213k▲ 19.1%€84k▼ 60.7%
Net result€84k▲ 11.1%€98k▲ 17.2%€129k▲ 31.2%€155k▲ 20.1%€56k▼ 63.6%
Equity€328k▲ 31.9%€420k▲ 28.1%€543k▲ 29.1%€691k▲ 27.4%€741k▲ 7.2%
Total assets€484k▲ 6.7%€584k▲ 20.8%€746k▲ 27.7%€903k▲ 21.0%€948k▲ 5.0%
Debt€156k▼ 3.5%€164k▲ 5.3%€203k▲ 24.0%€211k▲ 3.8%€206k▼ 2.3%
Working capital€255k▲ 38.0%€332k▲ 30.1%€436k▲ 31.3%€598k▲ 37.1%€663k▲ 10.8%
Staff (FTE)2.6▼ 16.1%2.1▼ 19.2%2.2▲ 4.8%2.2=2.1▼ 4.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 61% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €948k
Fixed assets
€78k ▼ 16.2%
Current assets
€869k ▲ 7.4%
Equity and liabilities €948k
Equity
€741k ▲ 7.2%
Debt
€206k ▼ 2.3%
Debt's share of the balance-sheet total falls from 23.4% to 21.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▼
2023 · €229k
Cash flow
€72k▼
2023 · €171k
Current ratio
4.21▲
2023 · 3.84
Debt to equity
0.28▼
2023 · 0.31
ROE
7.6%▼
2023 · 22.4%
ROA
5.9%▼
2023 · 17.1%
Interest coverage
262.12▲
2023 · 103.86
Debt ≤ 1 year
€206k▼
2023 · €211k
Income taxes
€29k▼
2023 · €56k
Staff costs
€98k▲
2023 · €81k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €69k | €73k | €81k | €98k | ▲ 20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €9k | €17k | €16k | ▼ 3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9k | €-9k | €10k | €4k | ▼ 63.5% |
| Other operating charges640/8 | - | €6k | €11k | €1k | €26k | ▲ 2,333% |
| Non-recurring operating charges66A | - | - | - | - | €27k | - |
| Gross operating margin9900 | €147k | €226k | €263k | €322k | €254k | ▼ 21.0% |
| Operating profit (loss)9901 | €112k | €135k | €179k | €213k | €84k | ▼ 60.7% |
| Financial income75/76B | - | €65 | - | €294 | €2k | ▲ 604% |
| Recurring financial income75 | €4k | €65 | - | €294 | €2k | ▲ 604% |
| Financial charges65/66B | - | €947 | €2k | €2k | €380 | ▼ 82.8% |
| Recurring financial charges65 | €1k | €947 | €2k | €2k | €380 | ▼ 82.8% |
| Profit (loss) for the period before taxes9903 | €115k | €134k | €177k | €211k | €85k | ▼ 59.5% |
| Income taxes67/77 | €31k | €36k | €48k | €56k | €29k | ▼ 48.2% |
| Profit (loss) for the period9904 | €84k | €98k | €129k | €155k | €56k | ▼ 63.6% |
| Profit (loss) for the period to be appropriated9905 | €84k | €98k | €129k | €155k | €56k | ▼ 63.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €484k | €584k | €746k | €903k | €948k | ▲ 5.0% |
| Fixed assets21/28 | €85k | €94k | €107k | €94k | €78k | ▼ 16.2% |
| Tangible fixed assets22/27 | €85k | €94k | €107k | €94k | €78k | ▼ 16.2% |
| Land and buildings22 | - | €74k | €71k | €68k | €64k | ▼ 4.9% |
| Furniture and vehicles24 | - | €19k | €36k | €26k | €14k | ▼ 45.8% |
| Current assets29/58 | €399k | €491k | €639k | €809k | €869k | ▲ 7.4% |
| Amounts receivable within one year40/41 | €289k | €362k | €446k | €604k | €612k | ▲ 1.3% |
| Trade receivables40 | - | €192k | €217k | €291k | €215k | ▼ 26.3% |
| Other amounts receivable41 | - | €170k | €229k | €313k | €397k | ▲ 26.9% |
| Current investments50/53 | €357 | €357 | - | €25k | €125k | ▲ 400% |
| Cash at bank and in hand54/58 | €100k | €117k | €146k | €159k | €92k | ▼ 42.4% |
| Deferred charges and accrued income490/1 | - | €12k | €47k | €20k | €40k | ▲ 97.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €484k | €584k | €746k | €903k | €948k | ▲ 5.0% |
| Equity10/15 | €328k | €420k | €543k | €691k | €741k | ▲ 7.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €97k | €97k | €97k | €97k | €97k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Tax-exempt reserves132 | - | €29k | €29k | €29k | €29k | = |
| Distributable reserves133 | - | €66k | €66k | €66k | €68k | ▲ 2.8% |
| Profit (loss) carried forward14 | €224k | €317k | €439k | €588k | €638k | ▲ 8.5% |
| Amounts payable17/49 | €156k | €164k | €203k | €211k | €206k | ▼ 2.3% |
| Amounts payable after more than one year17 | €12k | €6k | - | - | - | - |
| Financial debts170/4 | - | €6k | - | - | - | - |
| Amounts payable within one year42/48 | €144k | €159k | €203k | €211k | €206k | ▼ 2.1% |
| Current portion of amounts payable after more than one year42 | - | €7k | €6k | - | - | - |
| Trade debts44 | €2k | €9k | €45k | €7k | €42k | ▲ 508% |
| Suppliers440/4 | - | €9k | €45k | €7k | €42k | ▲ 508% |
| Taxes, remuneration and social security45 | - | €118k | €140k | €204k | €154k | ▼ 24.5% |
| Taxes450/3 | - | €104k | €118k | €179k | €141k | ▼ 21.2% |
| Remuneration and social security454/9 | - | €14k | €22k | €25k | €13k | ▼ 48.2% |
| Other amounts payable47/48 | - | €25k | €12k | - | €11k | - |
| Accrued charges and deferred income492/3 | - | - | €371 | €371 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €98k | €129k | €155k | €56k | ▼ 63.6% |
| + Depreciation and write-downs630 | €6k | €7k | €9k | €17k | €16k | ▼ 3.7% |
| Operating cash flow (approximation) | €89k | €105k | €138k | €171k | €72k | ▼ 57.8% |
| Investment in fixed assets (approximation) | - | €-16k | €-23k | €-3k | €-738 | ▲ 77.9% |
| Change in cash | - | €17k | €29k | €13k | €-67k | ▼ 622% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2026
25-09
State Gazette act
General meeting · Net-asset statement
Auditor report · Other statement
28-08
State Gazette act
General meeting · Director resignation
Statutes amendment · Permanent representative
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
31-12
Financial
Highest result since 2018net €155k ▲20.1%
Operating result €213k, net result €155k, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Equity above €500kEq €543k ▲29.1%
5 profitable years in a row build equity to €543k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €249k ▲30.9%
2 profitable years in a row build equity to €249k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Roeselare · 1 establishment unit since 1995
Ground area
1,734 m²
Building footprint
683 m²
Volume, LiDAR
2,734 m³
Parcel 36017A1274/00D002, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Kwadestraat 141, 8800 Roeselare
since 19952.070.571.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1274/00D002 | Flanders | 1,734 m² | 1 · 683 m² | 5.9 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 581 EUR awarded · 946 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 455 EUR | 437 EUR |
| 2024 | 1 | 126 EUR | 509 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 4,961 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
Founded22-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.