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BALCAEN NICO

Active
Private limited companyfounded 2009active for 16 yearsKruiskesstraat 98, 8790 Waregem, BelgiumKBO/BCE: BE 0821.908.219
Summary

BALCAEN NICO has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,648 and a net result of €16,907, of which €8,600 non-recurring income. Equity has been growing by about 5.7% per year since 2019. Its solvency ranks better than 95% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 31-12-2009 Normal situation
Activity
Other specialised construction activities NACE 43990and 1 other
Establishment unit
2.185.826.803 8790 Waregem, since 16-03-2010
Financial year end
30 September
Peppol
Reachable since 29-09-2025

Board and ownership

Board

Financial position

93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€29,090
▼ 40.8%
Turnover
≈ €250,000
estimated
Profit
€16,907
▼ 53.2%
Equity
€146,648
▼ 0.3%
Total assets
€156,207
▼ 16.1%
Filed on 28-04-2026, 2 days before the deadline
Score breakdownraises risk1 of the last 3 accounts latelowers riskLiquidity: current ratio 15.24, cash €35,361, halvedEquity €146,648 (93.9% of total assets)Founded in 2009Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 66% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 93.9% of total assets
Liquidity 78-15
short-term debt 6.1% · cash 22.6%
Profitability 82-11
return on assets 10.8%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024highest value 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.1%▼ -0.1 percentage points 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 09-2025lowest value 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 06-2026 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
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 15.24 (4.31 in 2024), above the usual 1.5. Short-term debt is 6.1% and cash 22.6% of total assets. 6.1% of the assets are financed with debt and provisions.
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 43, micro). It does better than 90% of them on solvency, 76% on liquidity, 64% on profitability and 34% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 15.24, cash €35,361, halved
NBB · annual accounts
lowers risk · Equity €146,648 (93.9% of total assets)
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 of the last 3 accounts late
NBB · filings
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
on the day
2023
31 days late
2022
1 day early
2021
364 days late
2020
3 days early
2019
29 days early
← 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 51 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end02-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 95% of companies in specialised constructionsector median 46.7% · 34,946 companies 93.9% View
  • Positive: 7 profitable years in a rowprofit 2025: €16,907, mostly one-off 7 years View

Recent changes

  1. · Gazette deed Change of role: BALCAEN Nico, from director to statutory directorAppointment: BALCAEN Virginie Annie (opvolgend statutair bestuurder)
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as BALCAEN NICO: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €137,000 and €176,000, founded between 2009 and 2011.

CompanyTotal assetsGross margin
BALCAEN NICO Waregem€156,207€29,090
Entreprise Générale et Menuiserie SUTU Machelen (Brab.)€145,819€31,288
Van Inderdael Projects Zoersel€162,264€28,064
ELMAR BOUWGROEP Antwerpen€160,157€33,650
SER MULTICONSTRUCT Brussel€136,727€29,283
BOGDAN CONSTRUCT Antwerpen€176,299€30,433
BATIBUILD Ukkel€141,724€33,542
Full comparison

Key facts about BALCAEN NICO

What is the company number of BALCAEN NICO?
The company number of BALCAEN NICO is 0821.908.219. The VAT number is the same number with BE in front: BE 0821.908.219.
Where is BALCAEN NICO based?
The registered office is at Kruiskesstraat 98, 8790 Waregem.Company details
What does BALCAEN NICO do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of BALCAEN NICO?
The legal form of BALCAEN NICO is Private limited company (BV).
When was BALCAEN NICO founded?
BALCAEN NICO was founded on 31-12-2009.
Is BALCAEN NICO still active?
Yes, BALCAEN NICO is an active enterprise in the KBO register.
How many employees does BALCAEN NICO have?
BALCAEN NICO had an average of 0.1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of BALCAEN NICO?
The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €29,090 and 92 comparable companies (NACE 43990). It probably lies between €170,000 and €450,000.
Is BALCAEN NICO profitable?
In financial year 2025, BALCAEN NICO made a profit of €16,907.
Where can I find the annual accounts of BALCAEN NICO?
BALCAEN NICO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BALCAEN NICO due?
BALCAEN NICO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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