BALCO BELGIUM
ActiveBALCO BELGIUM has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86k and a net result of €-2k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-61
Solvency53▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.24 against 1.77 in 2024; short-term debt: 71.6% and cash: 5.6% of total assets), and 71.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.4%
Return on assets
-0.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
29 d late
2023
86 d late
2022
66 d late
2021
31 d late
2020
32 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1.05M
EBIT margin
16.8%
Net result
€-2k
2024 · €29k
2018: €127k
2019: €84k
2020: €101k
2021: €91k
2022: €85k
2023: €941
2024: €29k
2018 → 2025
Working capital
€53k▼ 65.7%
2024 · €154k
2018: €51k
2019: €50k
2020: €55k
2021: €61k
2022: €43k
2023: €64k
2024: €154k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€57k▼ 3.3%€58k▲ 1.6%€87k▲ 49.6%€86k▼ 1.7%
Operating result€124k-€115k▼ 7.5%€2k▼ 98.2%€40k▲ 1,823%€-15k
Net result€91k-€85k▼ 6.5%€941▼ 98.9%€29k▲ 2,976%€-2k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €40k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €303k
Fixed assets
€33k▲ 196%
Current assets
€270k▼ 23.8%
Equity and liabilities €303k
Equity
€86k▼ 1.7%
Debt
€217k▼ 21.9%
The debt ratio falls from 76.1% to 71.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-5k▼
2024 · €46k
Cash flow
€8k▼
2024 · €35k
Solvency
28.4%▲
2024 · 23.9%
Current ratio
1.24▼
2024 · 1.77
Quick ratio
1.15▼
2024 · 1.76
Debt / equity
2.52▼
2024 · 3.18
ROE
-1.8%▼
2024 · 33.1%
ROA
-0.5%▼
2024 · 7.9%
Interest coverage
-20.34▼
2024 · 43.56
Debt
€217k▼
2024 · €278k
Debt ≤ 1 year
€217k▲
2024 · €200k
Income taxes
€165▼
2024 · €10k
Staff costs
€92k▲
2024 · €73k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€365k€303k▼
Fixed assets21/28€11k€33k▲
Tangible fixed assets22/27€7k€29k▲
Furniture and vehicles24€7k€29k▲
Financial fixed assets28€4k€4k▼
Current assets29/58€354k€270k▼
Stocks and contracts in progress3€2k€20k▲
Stocks30/36€2k€20k▲
Amounts receivable within one year40/41€311k€228k▼
Trade receivables40€282k€196k▼
Other amounts receivable41€30k€32k▲
Cash at bank and in hand54/58€40k€17k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€365k€303k▼
Equity10/15€87k€86k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€79k€78k▼
Amounts payable17/49€278k€217k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€200k€217k▲
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€59k€143k▲
Suppliers440/4€59k€143k▲
Taxes, remuneration and social security45€39k€20k▼
Taxes450/3€30k€12k▼
Remuneration and social security454/9€9k€8k▼
Other amounts payable47/48€100k€53k▼
Accrued charges and deferred income492/3€78k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€73k€92k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€708€695▼
Gross operating margin9900€120k€87k▼
Operating profit (loss)9901€40k€-15k▼
Financial income75/76B€43€14k▲
Recurring financial income75€43€14k▲
Financial charges65/66B€1k€257▼
Recurring financial charges65€1k€257▼
Profit (loss) for the period before taxes9903€39k€-1k▼
Income taxes67/77€10k€165▼
Profit (loss) for the period9904€29k€-2k▼
Profit (loss) for the period to be appropriated9905€29k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€78k▼
Profit (loss) brought forward from the previous period14P€50k€79k▲
Social balance
Average headcount (FTE)90872.2-
The notes to these accounts (14 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 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-2k ▼105%
Net result drops to €-2k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 86 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 66 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Pieters-Woluwe · 1 establishment unit since 1995
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.
Tervurenlaan 4121150 Sint-Pieters-WoluweGround area
2,170 m²
Building footprint
758 m²
Volume, LiDAR
10,042 m³
Parcel 21682C0149/00M002, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Tervurenlaan 412, 1150 Sint-Pieters-Woluwe
since 19952.070.544.578
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0149/00M002 | Brussels | 2,170 m² | 1 · 758 m² | 18.8 m · 5 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.
Similar companies · same sector, comparable size
ZENARGOS
BE 0846.284.319
Zoutleeuw · Eq €86k
F.K.H. SERVICE
BE 0845.367.074
Sint-Gillis (bij-Brussel) · Eq €86k
SOULIT
BE 0846.702.805
Moorslede · Eq €86k
LMS INVEST
BE 0751.691.701
Marche-en-Famenne · Eq €86k
ECOPHONES
BE 0781.850.286
Etterbeek · Eq €86k
Of 3,227 companies in sector 47400 we hold annual accounts for 1,806. 1,459 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-1995
Fiscal year end31-12
Activities, NACEBEL
46492Wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
51475
52487
58110Book publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.