Equity
€286,117 ▲ 7.3%
BALAT has made a profit in every financial year since 2006.
BALAT
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €96,443 (2022)
€93,240▲ 1.8%
peak €48,110 (2025)
€48,110▲ 0.4%
peak €286,117 (2025)
€286,117▲ 7.3%
€62,868▼ 4.2%
peak 0.8 FTE (2006)
-not published
Board5 names since 2020
4 directorsAdrienne Tonglet and 3 others
Owners4 names in the annual accounts
Documentsfilings and deeds
07-07-202624 days before the deadline
2025abbreviated format
Dividend €28,540
Key points
from the 2025 annual accountsPayment terms
56 days to suppliers
BALAT pays its suppliers 17 days earlier than in 2024. Customers pay 2 days later.
Position in the sector
82.0%
Higher solvency than 86% of companies in real estate. Sector median 30.8% · 11,288 companies.
Checked score
98
Excellent
Financially stronger than 82% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
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%● unchanged 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 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.43, cash €122,656
Founded in 1989
Equity €286,117 (82.0% of total assets)
Figures for financial year 2025 (filed on 07-07-2026)
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 68, micro). It does better than 91% of them on solvency, 91% on liquidity, 86% on profitability and 60% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as BALAT has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BALAT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for BALAT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.43 (1.68 in 2024), above the usual 1.5. Short-term debt is 16.1% and cash 35.1% of total assets. 18% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 days early
2024
on the day
2023
5 days early
2022
on the day
2021
29 days late
2020
43 days early
2019
122 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Adrienne Tonglet 25%annual accounts 2017
- Arnaud Tonglet 25%annual accounts 2017
- Brigitte Lange 25%annual accounts 2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438401594
4 directors reappointed
LANGE Brigitte (managing director), TONGLET Laurence, Adrienne and TONGLET Arnaud · Gazette deed
4 directors reappointed
Lange Brigitte (managing director), Laurence Tonglet, Adrienne Tonglet and Arnaud Tonglet · General meeting of 29-11-2020 · Gazette deed
First establishment
Chaussée de Marche 459, Namur
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BALAT Havelange | €348,984 | €93,240 | 82.0% | - |
| DAMKAS Kortrijk | €355,570 | €89,205 | 87.5% | - |
| CARROSSERIE LUC SMET Temse | €361,165 | €91,661 | 90.2% | - |
| DOYEN BEHEER Zandhoven | €380,307 | €107,195 | 87.5% | - |
| DE MARQUIS Kortrijk | €338,417 | €92,861 | -27.4% | - |
| CARROSSERIE 1212 Uccle | €381,821 | €105,415 | 60.9% | - |
| BERLUSAN Knokke-Heist | €423,601 | €107,658 | 22.9% | - |
These companies have the same main activity as BALAT: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €338,000 and €424,000, founded between 1984 and 1994.
Official details
Source: KBO- Status
- Active since 04-10-1989Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Establishment unit
- 2.045.157.1065101 Namur, since 10-10-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €348,984▲ 5.1%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on BALAT
BALAT files the abbreviated format. That format states no turnover. The gross margin rose from €78,553 in 2006 to €93,240 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BALAT
- What is the company number of BALAT?
- The company number of BALAT is 0438.401.594. The VAT number is the same number with BE in front: BE 0438.401.594.
- Where is BALAT based?
- The registered office is at Malihoux 11, 5370 Havelange.Company details
- What does BALAT do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of BALAT?
- BALAT is a public limited company (NV).
- When was BALAT founded?
- BALAT was founded on 04-10-1989.
- Is BALAT still active?
- Yes, BALAT is an active enterprise in the KBO register.
- What is the turnover of BALAT?
- The turnover of BALAT was €25,024 in financial year 2025, according to the filed annual accounts.Financials
- Is BALAT profitable?
- In financial year 2025, BALAT made a profit of €48,110.
- Where can I find the annual accounts of BALAT?
- BALAT filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BALAT due?
- BALAT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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