BALDER
Open bankruptcySummary
A bankruptcy procedure is open for BALDER according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2023 annual accounts show negative equity (-€184,860) and a net result of -€440,008.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Hasselt division
- Declared bankrupt
- 5 September 2024
- Supervising judge
- Hilde Claes
- Official Gazette
- 11-09-2024 (pdf) ↗search the document for 2024/133984
Deadlines
- Provisional date payments stopped
- 4 September 2024Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
- Appeal or third-party opposition until
- passed on 26 September 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 October 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 October 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 September 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Tom ArtsJaarbeurslaan 19/31, 3600 Genktom.arts@paqt.be
- Geert ReniersJaarbeurslaan 19/31, 3600 Genkgeert.reniers@paqt.be
- Ilona Lo GiudiceJaar- Beurslaan 19/31, 3600 Genkilona.logiudice@paqt.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 19-04-2024, 79 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
not filed
2024
not filed
2023
79 d late
2022
on the day
2021
on the day
2020
5 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 14 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Landscape service activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
-€184,860
2022 · €255,147
Total assets
€953,616▼ 41.2%
2022 · €1.6m
Net result
-€440,008
2022 · €13,635
Working capital
-€260,470
2022 · €294,246
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20192020202120222023
Operating result€29,781-€159,237▲ 435%€89,880▼ 43.6%€24,809▼ 72.4%-€431,513
Net result€18,722-€106,956above the sector's middle half▲ 471%€72,815within the sector's middle half▼ 31.9%€13,635within the sector's middle half▼ 81.3%-€440,008below the sector's middle half
Equity€61,742-€168,697above the sector's middle half▲ 173%€241,512within the sector's middle half▲ 43.2%€255,147within the sector's middle half▲ 5.6%-€184,860below the sector's middle half
Total assets€506,269-€748,336above the sector's middle half▲ 47.8%€1.6mwithin the sector's middle half▲ 114%€1.6mwithin the sector's middle half▲ 1.2%€953,616within the sector's middle half▼ 41.2%
Debt€434,527-€569,639▲ 31.1%€1.4m▲ 139%€1.4m▲ 0.4%€1.1m▼ 16.7%
Working capital€57,862-€173,435above the sector's middle half▲ 200%€189,084within the sector's middle half▲ 9.0%€294,246within the sector's middle half▲ 55.6%-€260,470below the sector's middle half
Solvency12.2%-22.5%within the sector's middle half▲ 10.3pp15.1%below the sector's middle half▼ 7.5pp15.7%below the sector's middle half▲ 0.7pp-19.4%below the sector's middle half▼ 35.1pp
Current ratio1.13-1.33within the sector's middle half▲ 0.191.16within the sector's middle half▼ 0.171.26within the sector's middle half▲ 0.110.75below the sector's middle half▼ 0.51
Return on assets (ROA)3.7%-14.3%within the sector's middle half▲ 10.6pp4.5%within the sector's middle half▼ 9.7pp0.8%below the sector's middle half▼ 3.7pp-46.1%below the sector's middle half▼ 47.0pp
Staff (FTE)0.8below the sector's middle half0.9below the sector's middle half▲ 12.5%2.9within the sector's middle half▲ 222%4.8within the sector's middle half▲ 65.5%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €431,513 after €24,809 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €953,616
Fixed assets
€164,080 ▼ 23.3%
Current assets
€789,536 ▼ 43.9%
Key figures and ratios
EBITDA
-€381,684▼
2022 · €71,727
Cash flow
-€390,178▼
2022 · €60,553
Quick ratio
0.58▼
2022 · 0.97
Debt to equity
-6.16▼
2022 · 5.35
Interest coverage
-40.03▼
2022 · 6.99
Debt ≤ 1 year
€1.1m▼
2022 · €1.1m
Debt > 1 year
€88,471▼
2022 · €125,074
Staff costs
€238,157▲
2022 · €205,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €205,125 | €238,157 | ▲ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,920 | €18,452 | €30,639 | €46,918 | €49,829 | ▲ 6.2% |
| Other operating charges640/8 | - | - | - | €5,046 | €5,936 | ▲ 17.6% |
| Gross operating margin9900 | €40,049 | €206,975 | €174,064 | €281,898 | -€137,592 | ▼ 149% |
| Operating profit (loss)9901 | €29,781 | €159,237 | €89,880 | €24,809 | -€431,513 | ▼ 1,839% |
| Financial income75/76B | - | - | - | €1,873 | €1,041 | ▼ 44.4% |
| Recurring financial income75 | €264 | €3,238 | €2,509 | €1,873 | €1,041 | ▼ 44.4% |
| Financial charges65/66B | - | - | - | €10,260 | €9,535 | ▼ 7.1% |
| Recurring financial charges65 | €2,333 | €4,417 | €8,747 | €10,260 | €9,535 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €27,712 | €158,058 | €83,642 | €16,421 | -€440,008 | ▼ 2,779% |
| Income taxes67/77 | €8,990 | €51,103 | €10,827 | €2,786 | - | - |
| Profit (loss) for the period9904 | €18,722 | €106,956 | €72,815 | €13,635 | -€440,008 | ▼ 3,327% |
| Profit (loss) for the period to be appropriated9905 | €18,722 | €106,956 | €72,815 | €13,635 | -€440,008 | ▼ 3,327% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €506,269 | €748,336 | €1.6m | €1.6m | €953,616 | ▼ 41.2% |
| Fixed assets21/28 | €14,880 | €46,428 | €223,302 | €213,909 | €164,080 | ▼ 23.3% |
| Tangible fixed assets22/27 | €14,880 | €46,428 | €223,302 | €213,909 | €164,080 | ▼ 23.3% |
| Plant, machinery and equipment23 | - | - | - | €29,017 | €21,327 | ▼ 26.5% |
| Furniture and vehicles24 | - | - | - | €33,267 | €20,128 | ▼ 39.5% |
| Leasing and similar rights25 | - | - | - | €151,625 | €122,625 | ▼ 19.1% |
| Current assets29/58 | €491,389 | €701,908 | €1.4m | €1.4m | €789,536 | ▼ 43.9% |
| Stocks and contracts in progress3 | €17,272 | €30,859 | €55,000 | €329,775 | €185,237 | ▼ 43.8% |
| Stocks30/36 | - | - | - | €98,855 | €92,487 | ▼ 6.4% |
| Contracts in progress37 | - | - | - | €230,920 | €92,750 | ▼ 59.8% |
| Amounts receivable within one year40/41 | €204,670 | €353,432 | €527,474 | €653,781 | €455,324 | ▼ 30.4% |
| Trade receivables40 | - | - | - | €653,781 | €342,733 | ▼ 47.6% |
| Other amounts receivable41 | - | - | - | - | €112,591 | - |
| Cash at bank and in hand54/58 | €269,447 | €317,617 | €160,223 | €254,085 | €81,290 | ▼ 68.0% |
| Deferred charges and accrued income490/1 | - | - | - | €169,676 | €67,685 | ▼ 60.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €506,269 | €748,336 | €1.6m | €1.6m | €953,616 | ▼ 41.2% |
| Equity10/15 | €61,742 | €168,697 | €241,512 | €255,147 | -€184,860 | ▼ 172% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €43,150 | €150,105 | €222,920 | €236,555 | €236,555 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | - | €234,696 | €234,696 | = |
| Profit (loss) carried forward14 | -€6,429 | -€2,277 | - | - | -€440,008 | - |
| Provisions and deferred taxes16 | €10,000 | €10,000 | - | - | - | - |
| Amounts payable17/49 | €434,527 | €569,639 | €1.4m | €1.4m | €1.1m | ▼ 16.7% |
| Amounts payable after more than one year17 | - | €41,165 | €170,874 | €125,074 | €88,471 | ▼ 29.3% |
| Financial debts170/4 | - | - | - | €125,074 | €88,471 | ▼ 29.3% |
| Amounts payable within one year42/48 | €433,527 | €528,473 | €1.2m | €1.1m | €1.1m | ▼ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €45,799 | €36,604 | ▼ 20.1% |
| Financial debts43 | - | - | - | €865 | - | - |
| Credit institutions430/8 | - | - | - | €865 | - | - |
| Trade debts44 | €404,004 | €417,769 | €552,637 | €188,447 | €177,565 | ▼ 5.8% |
| Suppliers440/4 | - | - | - | €188,447 | €177,565 | ▼ 5.8% |
| Taxes, remuneration and social security45 | - | - | - | €420,515 | €635,295 | ▲ 51.1% |
| Taxes450/3 | - | - | - | €389,159 | €596,803 | ▲ 53.4% |
| Remuneration and social security454/9 | - | - | - | €31,356 | €38,491 | ▲ 22.8% |
| Other amounts payable47/48 | - | - | - | €457,446 | €200,543 | ▼ 56.2% |
| Accrued charges and deferred income492/3 | - | - | - | €127,934 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,722 | €106,956 | €72,815 | €13,635 | -€440,008 | ▼ 3,327% |
| + Depreciation and write-downs630 | €9,920 | €18,452 | €30,639 | €46,918 | €49,829 | ▲ 6.2% |
| Operating cash flow (approximation) | €28,642 | €125,408 | €103,454 | €60,553 | -€390,178 | ▼ 744% |
| Investment in fixed assets (approximation) | - | -€50,000 | -€207,513 | -€37,525 | €0 | ▲ 100% |
| Change in cash | - | €48,170 | -€157,394 | €93,861 | -€172,795 | ▼ 284% |
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
2025
07-05
KBO administration
Address struck
2024
11-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 05-09-2024
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 79 days late
2023
30-06
Financial
Weakest financial yearnet -€440,008
Net result drops to -€440,008, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €200,000Eq €241,512 ▲43.2%
3 profitable years in a row build equity to €241,512.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €106,956 ▲471%
Operating result €159,237, net result €106,956, both a record.
30-06
Financial
Equity above €150,000Eq €168,697 ▲173%
2 profitable years in a row build equity to €168,697.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Heusden-Zolder · 1 establishment unit since 1993
Ground area
2,338 m²
Building footprint
630 m²
Volume, LiDAR
3,473 m³
Parcel 71065A0908/00F000, Flanders · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Balder
since 19932.022.697.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A0908/00F000 | Flanders | 2,338 m² | 1 · 630 m² | 5.8 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.
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK- |
05-09-2024 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19/31,
3600 GENK |
05-09-2024 → present |
| Curator | ILONA LO GIUDICE JAAR-
BEURSLAAN 19/31, 3600 GENK |
05-09-2024 → present |
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 5,005 EUR awarded · 5,005 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 207 EUR | 207 EUR |
| 2023 | 1 | 4,500 EUR | 4,500 EUR |
| 2022 | 1 | 298 EUR | 298 EUR |
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Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,233 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-04-1983
Fiscal year end30-06
Activities, NACEBEL 2025
81300Landscape service activities
68121Development of residential building projects
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.