Turnover
The micro format states no turnover.
The micro format states no turnover.
Of this, €28,905 falls due within a year.
Lower net result than 90% of companies in land transport. Sector median €5,676 · 5,912 companies.
The dashed line is the sector median: 1.8% across 9,102 companies (NACE 49, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 49, micro). It does better than 37% of them on solvency, 37% on liquidity, 6% on profitability and 11% on growth.
The bankruptcy probability was computed on 07-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 1,133 companies had the same profile as BALCOM has now. Each dot stands for 3 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BALCOM itself: 2.2% within 12 months.
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 1,133 companies, not a prediction for BALCOM. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.08 (1.27 in 2024), below the usual 1.5. Short-term debt is 44.5% and cash 8.7% of total assets. 74.7% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 55 days before the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BALCOM Koekelberg | - | - | 25.3% | - |
| MIDIA CONCEPT Ixelles | €86,026 | 28.2% | 76.3% | - |
| BELGO WAYS Schaerbeek | - | - | 10.9% | - |
| TechTransit Solutions Evere | - | - | 68.9% | - |
| ELVIN TRANSPORT Schaerbeek | - | - | 77.3% | - |
| COLIS-ONE Molenbeek-Saint-Jean | €209,368 | 6.2% | 71.5% | - |
| BHE GROUP Schaerbeek | - | - | 41.1% | - |
These companies have the same main activity as BALCOM: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €55,100 and €81,600, founded between 2018 and 2020.
BALCOM files the micro format. That format states no turnover. The gross margin fell from €20,960 in 2020 to €20,338 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €87,000 and €280,000.
Higher than 37% of 5,940 companies in 2025.
Higher than 41% of 5,694 companies in 2025.
Higher than 9% of 5,757 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
64,931 | 71,903 | 82,638 | 69,904 | 42,069 | 36,843 | |
21/28 |
33,600 | 41,800 | 43,800 | 13,000 | 15,000 | 17,000 | |
22/27 |
24,600 | 32,800 | 34,800 | 4,000 | 6,000 | 8,000 | |
24 |
24,600 | 32,800 | 34,800 | 4,000 | 6,000 | 8,000 | |
28 |
9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | |
29/58 |
31,331 | 30,103 | 38,838 | 56,904 | 27,069 | 19,843 | |
40/41 |
25,653 | 28,176 | 36,125 | 53,296 | 21,488 | 12,054 | |
40 |
25,653 | 21,515 | 28,454 | 40,000 | 11,786 | 11,842 | |
41 |
- | 6,660 | 7,671 | 13,296 | 9,702 | 212 | |
54/58 |
5,677 | 1,927 | 2,713 | 3,608 | 5,581 | 7,789 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
64,931 | 71,903 | 82,638 | 69,904 | 42,069 | 36,843 | |
10/15 |
16,426 | 33,565 | 28,651 | 46,331 | 39,825 | 31,645 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | 18,600 | 18,600 | 18,600 | - | - | |
100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
11 |
18,600 | - | - | - | - | - | |
1109/19 |
18,600 | - | - | - | - | - | |
14 |
-2,174 | 14,965 | 10,051 | 27,731 | 21,225 | 13,045 | |
17/49 |
48,505 | 38,337 | 53,987 | 23,572 | 2,244 | 5,198 | |
17 |
19,600 | 14,647 | 24,970 | - | - | - | |
170/4 |
19,600 | 14,647 | 24,970 | - | - | - | |
42/48 |
28,905 | 23,690 | 29,017 | 23,572 | 2,244 | 5,198 | |
42 |
17,092 | 10,323 | 9,788 | - | - | - | |
43 |
- | 7,067 | 6,603 | - | - | - | |
430/8 |
- | 7,067 | 6,603 | - | - | - | |
44 |
6,635 | 443 | 7,769 | 19,614 | 2,244 | 3,150 | |
440/4 |
6,635 | 443 | 7,769 | 19,614 | 2,244 | 3,150 | |
45 |
3,510 | 5,857 | 4,857 | 3,959 | - | 2,048 | |
450/3 |
3,510 | 5,731 | 4,677 | 2,719 | - | 2,048 | |
454/9 |
- | 127 | 180 | 1,240 | - | - | |
47/48 |
1,668 | - | - | - | - | - | |
| Income statement | |||||||
9900 |
20,338 | 52,554 | 41,478 | 36,446 | 15,141 | 20,960 | |
62 |
23,297 | 35,911 | 39,551 | 11,721 | - | - | |
630 |
8,200 | 2,000 | 10,200 | 2,000 | 2,000 | 2,000 | |
640/8 |
2,769 | 6,963 | 3,924 | 11,394 | 3,604 | 5,906 | |
9901 |
-13,928 | 7,680 | -12,196 | 11,332 | 9,537 | 13,054 | |
75/76B |
1 | 0 | - | - | - | - | |
75 |
1 | 0 | - | - | - | - | |
65/66B |
3,212 | 2,765 | 2,000 | 202 | 136 | 9 | |
65 |
3,212 | 2,765 | 2,000 | 202 | 136 | 9 | |
9903 |
-17,139 | 4,914 | -14,197 | 11,130 | 9,401 | 13,045 | |
67/77 |
- | - | 3,484 | 4,623 | 1,221 | - | |
9904 |
-17,139 | 4,914 | -17,681 | 6,506 | 8,180 | 13,045 | |
9905 |
-17,139 | 4,914 | -17,681 | 6,506 | 8,180 | 13,045 | |
| Appropriation of the result | |||||||
9906 |
-2,174 | 14,965 | 10,051 | 27,731 | 21,225 | 13,045 | |
14P |
14,965 | 10,051 | 27,731 | 21,225 | - | - | |
| Document | |||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 19-03-2026 | 2026-00058759 | |
| 30-09-2024 | micro format | 28-02-2025 | 2025-00041747 | |
| 30-09-2023 | micro format | 08-12-2023 | 2023-00525043 | |
| 30-09-2022 | micro format | 28-11-2022 | 2022-20526366 | |
| 30-09-2021 | micro format | 14-02-2022 | 2022-05600218 | |
| 30-09-2020 | micro format | 22-09-2021 | 2021-68000558 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -5,728 | 9,680 | -1,996 | 13,332 | 11,537 | 15,054 | ||
| -8,939 | 6,914 | -7,481 | 8,506 | 10,180 | 15,045 | ||
| 0 | 0 | 41,000 | 0 | 0 | 17,000 | ||
| 3,751 | -786 | -895 | -1,973 | -2,208 | - | ||
| 2,425 | 6,412 | 9,821 | 33,331 | 24,825 | 14,645 | ||
| 25.3% | 46.7% | 34.7% | 66.3% | 94.7% | 85.9% | ||
| 1.08 | 1.27 | 1.34 | 2.41 | 12.06 | 3.82 | ||
| 2.95 | 1.14 | 1.88 | 0.51 | 0.06 | 0.16 | ||
| -104.3% | 14.6% | -61.7% | 14.0% | 20.5% | 41.2% | ||
| -26.4% | 6.8% | -21.4% | 9.3% | 19.4% | 35.4% | ||
| -1.78 | 3.50 | -1.00 | 66.07 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €41,000 | - |
| €8,200 | €2,000 | €10,200 | €2,000 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,928, after a profit of €7,680 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total rises from 53.3% to 74.7%. Equity is lower and debt is higher.
BALCOM has no parent and no holdings in its annual accounts. BALLI Burhan is the only director. BALCOM shares no director with another company.
| IMMO H LUX
registered office since 06-06-2018 · founded in 2018 · negative equity (2024) · accounts filed late |
total assets €440,059 (2024) 0697.690.811 |
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Léon Autriquestraat 15 registered office 1081 Koekelberg | 19-03-2019 | 2.286.504.883 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21492B0147/02T002 | 274 m² | 1 · 272 m² | 16.5 m · 5 |
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