BALDA
ActiveSummary
BALDA has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.3m and a net result of €373,985. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-10
Solvency63▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.06 in 2024; short-term debt: 56.5% and cash: 0.3% of total assets), and 62% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
38%
Return on assets
2.7%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
31 d early
2023
29 d early
2022
24 d early
2021
76 d early
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€373,985▼ 69.3%
2024 · €1.2m
Working capital
-€7.1m▼ 12.5%
2024 · -€6.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1.1m▲ 57.5%€1.4m▲ 25.8%€487,968▼ 65.9%€629,016▲ 28.9%€866,152▲ 37.7%
Net result€517,420above the sector's middle half▲ 112%€723,637above the sector's middle half▲ 39.9%€805,873above the sector's middle half▲ 11.4%€1.2mabove the sector's middle half▲ 51.1%€373,985above the sector's middle half▼ 69.3%
Equity€2.4mabove the sector's middle half▼ 19.0%€3.2mabove the sector's middle half▲ 29.7%€3.7mabove the sector's middle half▲ 18.6%€5.0mabove the sector's middle half▲ 32.5%€5.3mabove the sector's middle half▲ 7.5%
Total assets€15.0mabove the sector's middle half▲ 13.4%€12.8mabove the sector's middle half▼ 14.6%€12.8mabove the sector's middle half▲ 0.1%€12.8mabove the sector's middle half▼ 0.2%€14.1mabove the sector's middle half▲ 10.1%
Debt€11.8m▲ 29.1%€9.6m▼ 18.7%€9.0m▼ 6.3%€7.7m▼ 13.6%€8.7m▲ 12.7%
Working capital-€6.7mbelow the sector's middle half▼ 36.9%-€7.7mbelow the sector's middle half▼ 15.3%-€7.4mbelow the sector's middle half▲ 4.4%-€6.3mbelow the sector's middle half▲ 14.8%-€7.1mbelow the sector's middle half▼ 12.5%
Solvency16.3%below the sector's middle half▼ 6.5pp24.7%below the sector's middle half▲ 8.4pp29.3%within the sector's middle half▲ 4.6pp38.8%within the sector's middle half▲ 9.6pp38.0%within the sector's middle half▼ 0.9pp
Current ratio0.27below the sector's middle half▲ 0.130.05below the sector's middle half▼ 0.220.06below the sector's middle half▲ 0.010.06below the sector's middle half▲ 0.010.11below the sector's middle half▲ 0.04
Return on assets (ROA)3.5%within the sector's middle half▲ 1.6pp5.7%within the sector's middle half▲ 2.2pp6.3%within the sector's middle half▲ 0.6pp9.5%within the sector's middle half▲ 3.2pp2.7%within the sector's middle half▼ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -69% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 38% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.1m
Fixed assets
€13.2m ▲ 7.0%
Current assets
€857,000 ▲ 98.5%
Equity and liabilities €14.1m
Equity
€5.3m ▲ 7.5%
Provisions
€7,683 ▼ 90.1%
Debt
€8.7m ▲ 12.7%
Debt's share of the balance-sheet total rises from 60.6% to 62.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €777,108
Cash flow
€524,738▼
2024 · €1.4m
Debt to equity
1.63▲
2024 · 1.56
ROE
7.0%▼
2024 · 24.5%
Interest coverage
2.64▼
2024 · 2.84
Debt ≤ 1 year
€8.0m▲
2024 · €6.7m
Debt > 1 year
€452,466▼
2024 · €769,529
Income taxes
€125,951▲
2024 · €92,398
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €135,729 | €136,154 | €129,715 | €148,092 | €150,753 | ▲ 1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €19,300 | -€65,541 | -€33,331 | -€26,081 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€307,840 | -€707,247 | €24,883 | -€25,674 | -€69,770 | ▼ 172% |
| Other operating charges640/8 | €83,159 | €77,073 | €90,950 | €104,545 | €100,039 | ▼ 4.3% |
| Gross operating margin9900 | €1.1m | €872,530 | €700,185 | €829,898 | €1.0m | ▲ 26.2% |
| Operating profit (loss)9901 | €1.1m | €1.4m | €487,968 | €629,016 | €866,152 | ▲ 37.7% |
| Financial income75/76B | €24,373 | €19,721 | €686,429 | €954,752 | €19,198 | ▼ 98.0% |
| Recurring financial income75 | €24,373 | €19,721 | €686,429 | €954,752 | €19,198 | ▼ 98.0% |
| Financial charges65/66B | €471,457 | €482,890 | €323,128 | €273,930 | €385,414 | ▲ 40.7% |
| Recurring financial charges65 | €471,457 | €482,890 | €323,128 | €273,930 | €385,414 | ▲ 40.7% |
| Profit (loss) for the period before taxes9903 | €691,483 | €968,922 | €851,269 | €1.3m | €499,936 | ▼ 61.8% |
| Income taxes67/77 | €174,063 | €245,285 | €45,396 | €92,398 | €125,951 | ▲ 36.3% |
| Profit (loss) for the period9904 | €517,420 | €723,637 | €805,873 | €1.2m | €373,985 | ▼ 69.3% |
| Profit (loss) for the period to be appropriated9905 | €517,420 | €723,637 | €805,873 | €1.2m | €373,985 | ▼ 69.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.0m | €12.8m | €12.8m | €12.8m | €14.1m | ▲ 10.1% |
| Fixed assets21/28 | €12.5m | €12.4m | €12.4m | €12.4m | €13.2m | ▲ 7.0% |
| Tangible fixed assets22/27 | €4.9m | €4.8m | €4.8m | €4.8m | €4.6m | ▼ 3.1% |
| Land and buildings22 | €4.9m | €4.8m | €4.8m | €4.7m | €4.6m | ▼ 3.1% |
| Plant, machinery and equipment23 | €1,412 | €431 | €305 | €2,763 | €2,053 | ▼ 25.7% |
| Furniture and vehicles24 | €6,057 | €13,419 | €14,112 | €11,701 | €8,441 | ▼ 27.9% |
| Financial fixed assets28 | €7.6m | €7.6m | €7.6m | €7.6m | €8.6m | ▲ 13.3% |
| Current assets29/58 | €2.4m | €382,132 | €436,910 | €431,758 | €857,000 | ▲ 98.5% |
| Amounts receivable after more than one year29 | €270,000 | €270,000 | €270,000 | €270,000 | - | - |
| Other amounts receivable291 | €270,000 | €270,000 | €270,000 | €270,000 | - | - |
| Amounts receivable within one year40/41 | €1.8m | €29,409 | €82,668 | €130,636 | €63,935 | ▼ 51.1% |
| Trade receivables40 | €34,919 | €29,409 | €36,687 | €65,316 | €39,789 | ▼ 39.1% |
| Other amounts receivable41 | €1.8m | - | €45,981 | €65,320 | €24,146 | ▼ 63.0% |
| Current investments50/53 | €200 | €200 | €200 | €200 | €700,200 | ▲ 350,000% |
| Cash at bank and in hand54/58 | €353,505 | €46,411 | €38,199 | €3,868 | €36,094 | ▲ 833% |
| Deferred charges and accrued income490/1 | €34,787 | €36,112 | €45,843 | €27,054 | €56,771 | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.0m | €12.8m | €12.8m | €12.8m | €14.1m | ▲ 10.1% |
| Equity10/15 | €2.4m | €3.2m | €3.7m | €5.0m | €5.3m | ▲ 7.5% |
| Contributions10/11 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Issued capital100 | €1.5m | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Outside capital11 | €275 | €275 | €275 | €275 | €275 | = |
| Share premium1100/10 | €275 | €275 | €275 | €275 | €275 | = |
| Revaluation surpluses12 | €535,405 | €535,405 | €535,405 | €535,405 | €535,405 | = |
| Reserves13 | €402,167 | €1.1m | €1.7m | €2.9m | €3.3m | ▲ 12.8% |
| Non-distributable reserves130/1 | €110,800 | €147,000 | €150,000 | €150,000 | €150,000 | = |
| Legal reserve130 | €110,800 | €147,000 | €150,000 | €150,000 | €150,000 | = |
| Tax-exempt reserves132 | €182,935 | €182,935 | €182,935 | €182,935 | €182,935 | = |
| Distributable reserves133 | €108,432 | €795,869 | €1.4m | €2.6m | €3.0m | ▲ 14.4% |
| Provisions and deferred taxes16 | €785,491 | €78,244 | €103,127 | €77,453 | €7,683 | ▼ 90.1% |
| Provisions for liabilities and charges160/5 | €785,491 | €78,244 | €103,127 | €77,453 | €7,683 | ▼ 90.1% |
| Other liabilities and charges164/5 | €785,491 | €78,244 | €103,127 | €77,453 | €7,683 | ▼ 90.1% |
| Amounts payable17/49 | €11.8m | €9.6m | €9.0m | €7.7m | €8.7m | ▲ 12.7% |
| Amounts payable after more than one year17 | €2.3m | €1.1m | €852,466 | €769,529 | €452,466 | ▼ 41.2% |
| Financial debts170/4 | €2.3m | €1.1m | €850,000 | €767,063 | €450,000 | ▼ 41.3% |
| Other amounts payable178/9 | €2,466 | €2,466 | €2,466 | €2,466 | €2,466 | = |
| Amounts payable within one year42/48 | €9.2m | €8.1m | €7.8m | €6.7m | €8.0m | ▲ 18.0% |
| Current portion of amounts payable after more than one year42 | €970,837 | €1.2m | €200,000 | €540,122 | €317,063 | ▼ 41.3% |
| Trade debts44 | €26,063 | €33,640 | €22,087 | €24,613 | €49,033 | ▲ 99.2% |
| Suppliers440/4 | €26,063 | €33,640 | €22,087 | €24,613 | €49,033 | ▲ 99.2% |
| Taxes, remuneration and social security45 | €29,091 | €25,936 | €11,521 | €0 | - | - |
| Taxes450/3 | €29,091 | €25,936 | €11,521 | €0 | - | - |
| Other amounts payable47/48 | €8.1m | €6.9m | €7.6m | €6.2m | €7.6m | ▲ 22.8% |
| Accrued charges and deferred income492/3 | €343,633 | €378,307 | €261,267 | €232,767 | €319,700 | ▲ 37.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €517,420 | €723,637 | €805,873 | €1.2m | €373,985 | ▼ 69.3% |
| + Depreciation and write-downs630 | €135,729 | €136,154 | €129,715 | €148,092 | €150,753 | ▲ 1.8% |
| Operating cash flow (approximation) | €653,149 | €859,791 | €935,588 | €1.4m | €524,738 | ▼ 61.6% |
| Investment in fixed assets (approximation) | - | -€15,957 | -€87,685 | -€130,175 | -€1.0m | ▼ 677% |
| Change in cash | - | -€307,094 | -€8,212 | -€34,331 | €32,226 | ▲ 194% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €5mEq €5.3m ▲7.5%
8 profitable years in a row build equity to €5.3m.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.2m ▲51.1%
Net result €1.2m, the highest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Knokke-Heist · 1 establishment unit since 1980
Ground area
142 m²
Building footprint
142 m²
Volume, LiDAR
957 m³
Parcel 31332E0236/00_000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BALDA
since 19802.017.550.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0236/00_000 | Flanders | 142 m² | 1 · 142 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of BALDA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
213800P6LST2XUAKDC27
Similar companies · same sector, comparable size
DAMATYK
BE 0844.064.009
Waimes · Eq €5,340,431
Xia
BE 0543.641.745
Sint-Martens-Latem · Eq €5,341,809
CARAT MANAGEMENT
BE 0883.461.548
Ukkel · Eq €5,336,112
DEHON BENELUX
BE 0444.027.495
Jette · Eq €5,335,266
HANS VAN BAVEL
BE 0861.261.911
Brussel · Eq €5,349,824
Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 10,763 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-05-1980
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420439075
Also
9925:BE0420439075
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.