BALCAEN
ActiveBALCAEN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €32k and a net result of €10k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 69% of 129 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2026
100
/ 100
Excellent▲ +22 vs 2025
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability100▲+93
Solvency100▲+15
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 5.39 against 1.41 in 2025), and 26.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2026Solvency, return and age of the figures
Solvency
73.5%
Return on assets
22.5%
Age of the figures
5 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-09-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
58 d early
2025
62 d early
2024
45 d early
2023
on the day
2022
3 d early
2021
2 d early
2020
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€32k▲ 44.1%
2025 · €22k
2019: €6k
2020: €6k
2021: €10k
2022: €20k
2023: €26k
2024: €28k
2025: €22k
2019 → 2026
Total assets
€43k▲ 11.3%
2025 · €39k
2019: €35k
2020: €37k
2021: €40k
2022: €62k
2023: €68k
2024: €48k
2025: €39k
2019 → 2026
Net result
€10k▲ 3,014%
2025 · €313
2019: €-6k
2020: €315
2021: €5k
2022: €12k
2023: €6k
2024: €2k
2025: €313
2019 → 2026
Working capital
€19k▲ 227%
2025 · €6k
2019: €-19k
2020: €-15k
2021: €-5k
2022: €-13k
2023: €-5k
2024: €2k
2025: €6k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€20k-€26k▲ 29.7%€28k▲ 6.1%€22k▼ 21.4%€32k▲ 44.1%
Operating result€18k-€12k▼ 31.7%€5k▼ 56.6%€3k▼ 36.5%€16k▲ 368%
Net result€12k-€6k▼ 47.5%€2k▼ 73.5%€313▼ 80.5%€10k▲ 3,014%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 368% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €43k
Fixed assets
€19k▲ 4.9%
Current assets
€24k▲ 17.0%
Equity and liabilities €43k
Equity
€32k▲ 44.1%
Debt
€11k▼ 31.8%
The debt ratio falls from 43.2% to 26.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€26k▲
2025 · €18k
Cash flow
€20k▲
2025 · €15k
Solvency
73.5%▲
2025 · 56.8%
Current ratio
5.39▲
2025 · 1.41
Quick ratio
5.39▲
2025 · 1.41
Debt / equity
0.36▼
2025 · 0.76
ROE
30.6%▲
2025 · 1.4%
ROA
22.5%▲
2025 · 0.8%
Interest coverage
27.60▲
2025 · 16.18
Debt
€11k▼
2025 · €17k
Debt ≤ 1 year
€4k▼
2025 · €14k
Debt > 1 year
€7k▲
2025 · €2k
Income taxes
€5k▲
2025 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€39k€43k▲
Fixed assets21/28€18k€19k▲
Tangible fixed assets22/27€18k€19k▲
Plant, machinery and equipment23€3k€10k▲
Furniture and vehicles24€9k€1k▼
Other tangible fixed assets26€7k€7k▲
Financial fixed assets28-€210
Current assets29/58€20k€24k▲
Amounts receivable within one year40/41€19k€978▼
Trade receivables40€17k-
Other amounts receivable41€2k€978▼
Cash at bank and in hand54/58€708€23k▲
Deferred charges and accrued income490/1€694-
Equity and liabilities
Total equity and liabilities10/49€39k€43k▲
Equity10/15€22k€32k▲
Contributions10/11€6k€6k=
Reserves13€16k€26k▲
Distributable reserves133€16k€26k▲
Amounts payable17/49€17k€11k▼
Amounts payable after more than one year17€2k€7k▲
Other amounts payable178/9€2k€7k▲
Amounts payable within one year42/48€14k€4k▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€956€1k▲
Taxes450/3€956€1k▲
Other amounts payable47/48€6k-
Income statement
Code20252026
Non-recurring operating income76A-€23k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€10k▼
Other operating charges640/8€1k€989▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€19k€29k▲
Operating profit (loss)9901€3k€16k▲
Financial charges65/66B€1k€948▼
Recurring financial charges65€1k€948▼
Profit (loss) for the period before taxes9903€2k€15k▲
Income taxes67/77€2k€5k▲
Profit (loss) for the period9904€313€10k▲
Profit (loss) for the period to be appropriated9905€313€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€313€10k▲
Transfer from equity791/2€6k-
Transfer to equity691/2€313€10k▲
To other reserves6921€313€10k▲
Profit to be distributed694/7€6k-
Return on contributions (dividend)694€6k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Liquidity quadruplescurrent ratio 5.39
Current ratio from 1.41 to 5.39; short-term debt falls from €14k to €4k.
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €12k ▲155%
Operating result €18k, net result €12k, both a record.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €315
Net result €315 after one loss-making year.
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waregem · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Berkenlaan 218790 WaregemGround area
505 m²
Building footprint
114 m²
Volume, LiDAR
637 m³
Parcel 34452B0524/00M003, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Berkenlaan 21, 8790 Waregem
since 20002.115.710.451
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0524/00M003 | Flanders | 505 m² | 1 · 114 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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ADB-PROJECTS
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Yves Schippers
BE 1016.456.169
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TL MENUISERIE
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,084. 6,828 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-01-2000
Fiscal year end31-03
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.