BalderD
ActiveSummary
BalderD has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,200 and a net result of €22,912. Its solvency ranks better than 51% of 2,331 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-08-2024 Normal situation
- Activity
- Machining of metals NACE 25530and 2 others
- Establishment unit
- 2.363.255.738 9000 Gent, since 30-08-2024
- Financial year end
- 30 June
- Peppol
- Reachable since 30-01-2025
Board and ownership
Board
- Deliaert, Balder Ciel StefDirector · since 30-08-2024
- Matthys, Magali PauleDirector · since 30-08-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
Annual accounts to 30-06-2025
- Gross margin
- €33,218
- Turnover
- ≈ €130,000
- estimated
- Profit
- €22,912
- Equity
- €26,200
- Total assets
- €57,005
- 2025 accounts filed 13 days after the deadline
Filed on 13-02-2026
Score breakdownraises riskFounded in 2024Size: total assets €57,005lowers riskLiquidity: current ratio 1.54, cash €36,285Equity €26,200 (46.0% of total assets)Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 72% of micro companies in fabricated metal products (NACE 25)
Financial strength
Strong
Solvency
71
equity 46.0% of total assets
Liquidity
72
short-term debt 54.0% · cash 63.7%
Profitability
100
return on assets 40.2%
Bankruptcy probability within 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
09-2025: 1.8%
10-2025: 1.8%● unchanged vs 09-2025
11-2025: 1.9%▲ +0.1 percentage points vs 10-2025
12-2025: 2.3%▲ +0.4 percentage points vs 11-2025
01-2026: 2.4%▲ +0.1 percentage points vs 12-2025
02-2026: 2.7%▲ +0.3 percentage points vs 01-2026
03-2026: 2.8%▲ +0.1 percentage points vs 02-2026
04-2026: 3.1%▲ +0.3 percentage points vs 03-2026
05-2026: 3.1%● unchanged vs 04-2026
06-2026: 3.0%▼ -0.1 percentage points vs 05-2026
07-2026: 3.0%● unchanged vs 06-2026
08-2026: 3.4%▲ +0.4 percentage points vs 07-2026
09-2026: 3.4%● unchanged vs 08-2026highest value
10-2026: 0.4%▼ -3.0 percentage points vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54, above the usual 1.5. Short-term debt is 54% and cash 63.7% of total assets. However, 54% 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 25, micro). It does better than 50% of them on solvency, 73% on liquidity and 94% on profitability.
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).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 13 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
13 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 13 days after the deadline Filed on 13 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00038017.
Annual accounts 2025 filed on 13-02-2026 at the NBB
Turnover
≈ €130,000
Estimated: probably between €80,000 and €240,000
Total assets
€57,005
Net result
€22,912
Working capital
€16,614
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €57,005
Fixed assets
€9,586
Current assets
€47,419
Equity and liabilities €57,005
Equity
€26,200
Debt
€30,805
Debt's share of the balance-sheet total is 54.0%.
Key figures and ratios
EBITDA
€32,490
Cash flow
€25,301
Current ratio
1.54
Debt to equity
1.18
ROE
87.4%
ROA
40.2%
Interest coverage
over 100
Debt ≤ 1 year
€30,805
Income taxes
€7,145
Investments
| Item | 30-06-2025 |
|---|---|
| Tangible fixed assets | €11,975 |
| Depreciation and write-downs of the year | €2,389 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as BalderD: machining of metals (NACE 25530). They are comparable in size and age: total assets between €45,500 and €71,000, founded between 2024 and 2025.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| BalderD Gent | 2024 | €57,005 | €26,200 | €33,218 | €22,912 | 2025 |
| OCT Lille | 2024 | €52,285 | €30,643 | €35,408 | €25,643 | 2025 |
| CKW Mol | 2025 | €50,799 | €25,882 | €33,752 | €23,382 | 2025 |
| ARGM USINAGE Bassenge | 2024 | €54,640 | €32,420 | €44,725 | €26,140 | 2025 |
| AIMAAD Aalst | 2024 | €45,478 | €31,054 | €27,025 | €18,202 | 2025 |
| GLVE Stekene | 2024 | €70,958 | €25,077 | €28,048 | €13,890 | 2025 |
| D & G Welding Gent | 2024 | €59,401 | €1,874 | €19,932 | -€3,126 | 2025 |
They were chosen from the 1,622 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as BalderD has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
95.9%
was still going
That fits the bankruptcy probability of BalderD itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for BalderD. 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.
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,389 |
| Other operating charges640/8 | €728 |
| Gross operating margin9900 | €33,218 |
| Operating profit (loss)9901 | €30,100 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €43 |
| Recurring financial charges65 | €43 |
| Profit (loss) for the period before taxes9903 | €30,057 |
| Income taxes67/77 | €7,145 |
| Profit (loss) for the period9904 | €22,912 |
| Profit (loss) for the period to be appropriated9905 | €22,912 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €57,005 | |
| Fixed assets21/28 | €9,586 | |
| Tangible fixed assets22/27 | €9,586 | |
| Furniture and vehicles24 | €8,482 | |
| Other tangible fixed assets26 | €1,104 | |
| Current assets29/58 | €47,419 | |
| Amounts receivable within one year40/41 | €10,654 | |
| Trade receivables40 | €10,654 | |
| Cash at bank and in hand54/58 | €36,285 | |
| Deferred charges and accrued income490/1 | €479 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €57,005 | |
| Equity10/15 | €26,200 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €21,200 | |
| Distributable reserves133 | €21,200 | |
| Amounts payable17/49 | €30,805 | |
| Amounts payable within one year42/48 | €30,805 | |
| Trade debts44 | €136 | |
| Suppliers440/4 | €136 | |
| Taxes, remuneration and social security45 | €9,183 | |
| Taxes450/3 | €7,174 | |
| Remuneration and social security454/9 | €2,010 | |
| Other amounts payable47/48 | €21,486 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €22,912 |
| + Depreciation and write-downs630 | €2,389 |
| Operating cash flow (approximation) | €25,301 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 13-02-2026 | 2026-00038017 | NBB |
Board & ownership
Directors
Directors
2 directors, no change since 2026
Deliaert, Balder Ciel Stef
Current
Director · since 30-08-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 13-02-2026
Matthys, Magali Paule
Current
Director · since 30-08-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 13-02-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 03-09-2024Owners and capital
Shareholders
At incorporation
act of 03-09-2024 ↗
- Deliaert, Balder Ciel Stef 99 shares (99%) · €4,950 in cash
- Matthys, Magali Paule 1 share (1%) · €50 in cash
Capital transactions
Capital over time
- 03-09-2024 Incorporation · €5,000 · 100 shares
Mandate history
3 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Deliaert, Balder Ciel Stef |
|
| Matthys, Magali Paule |
|
| Magali Matthys |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1”
Capital, shares and profit
- Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
- “De algemene vergadering is bevoegd tot bestemming van de winst en tot vaststelling van de uitkeringen., Het bestuursorgaan heeft de…”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “De vennootschap kan op elk moment worden ontbonden door beslissing van de algemene vergadering beslissende in de vormen vereist voor de…”
Articles of association, deed of 03-09-2024 (in Dutch)
Network & group
BalderD shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of BalderD. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2026
20-07
Gazette deed
Resignation: Magali Matthys (director)2 points ▸
Gazette deed
Resignation: Magali Matthys (director)
2 points ▸
- General meeting, 29-06-2026
- Director resignation, Magali Matthys (director)
13-02
micro format · 13 days late
2024
03-09
Gazette deed
IncorporationStarting capital €5,000 · Appointments: Deliaert, Balder Ciel Stef (director) and Matthys, Magali Paule (director) · Permanent representative: Deliaert, Balder Ciel Stef · Founder11 points ▸
Gazette deed
Incorporation
Starting capital €5,000 · Appointments: Deliaert, Balder Ciel Stef (director) and Matthys, Magali Paule (director) · Permanent representative: Deliaert, Balder Ciel Stef · Founder11 points ▸
- Incorporation, 29-08-2024
- Founder, Deliaert, Balder Ciel Stef
- Founder, Matthys, Magali Paule
- Founding capital, €5,000
- Bank account, “KBC Bank”, 5000 (deed in Dutch)
- Capital
- Director appointment, Deliaert, Balder Ciel Stef (director)
- Director appointment, Matthys, Magali Paule (director)
- Declaration, “no ban, bevestigen geen bestuursverbod te hebben ingevolge het Koninklijk Besluit nummer 22 van 24-10-1934 (strafrechtelijk verbod); noch ingevolge artikel…” (deed in Dutch), mentioned 2 times in the deed
- Permanent representative, Deliaert, Balder Ciel Stef
- Power of attorney, CONLAU
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
BalderD in Dutch
Enterprise number
1012.986.341
Legal form
Private limited company
Status
Active, normale toestand
Founded
30-08-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 03-09-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“9000 Gent, Land Van Waaslaan 32”
“Vlaams Gewest, door eenvoudige beslissing van het bestuursorgaan”
deed of 03-09-2024 (in Dutch)Registered office and establishments
Registered office
Land van Waaslaan 32, 9000 Gent, Belgium
Establishment unit
BalderD, Land van Waaslaan 32, 9000 Gent since 30-08-2024 · unit number 2.363.255.7380910002 Mining support service activities
Activities
NACEBEL 202525530
Machining of metals main activity
42919
Civil engineering
43990
Other specialised construction activities
Codes under NACEBEL 2008
25620
Manufacture of fabricated metal products, except machinery and equipment main activity
42919
Civil engineering
43999
Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 03-09-2024 (in Dutch)
“Het verrichten en bevorderen van professionele duikwerken in de breedste zin van het woord. Dit omvat, maar is niet beperkt tot, het…”
15 activities
- Het verrichten en bevorderen van professionele duikwerken in de breedste zin van het woord. Dit omvat, maar is niet beperkt tot, het uitvoeren van onderwaterconstructie, -inspectie, -reparatie en -onderhoud, het aanbieden van duikdiensten voor de offshore- en maritieme industrie, civiele techniek en infrastructuurprojecten, alsmede voor wetenschappelijk onderzoek en milieubescherming. Daarnaast omvat het de verhuur en verkoop van professionele duikuitrusting, het geven van gespecialiseerde duiktrainingen en opleidingen, en het verlenen van adviesdiensten op het gebied van duikveiligheid en -techniek.
- Het bevorderen en faciliteren van transport- en logistieke activiteiten in de breedste zin van het woord. Dit omvat, maar is niet beperkt tot, het organiseren, uitvoeren en coördineren van vervoer van goederen en personen over de weg, per spoor, over water en door de lucht. Daarnaast omvat het de exploitatie van transportmiddelen en logistieke infrastructuur, zoals magazijnen, distributiecentra en terminals. De vennootschap kan ook diensten verlenen op het gebied van expeditie, opslag, overslag, douaneafhandeling en supply chain management.
- Het bevorderen en faciliteren van industriële ambachten in de breedste zin van het woord. Dit omvat, maar is niet beperkt tot, het ontwerpen, produceren, bewerken, herstellen en verkopen van producten en goederen die met industriële ambachtelijke technieken worden vervaardigd. Daarnaast omvat het de exploitatie van werkplaatsen, ateliers en fabrieken, het leveren van maatwerk en gespecialiseerde diensten, en het aanbieden van opleiding en training in industriële ambachten.
- Het bevorderen en faciliteren van sportieve recreatieactiviteiten in de breedste zin van het woord. Dit omvat, maar is niet beperkt tot, het oprichten en exploiteren van sportaccommodaties, het organiseren en promoten van sportevenementen en -competities, het aanbieden van sportlessen en -trainingen, het verhuren van sportmateriaal, en het stimuleren van een actieve en gezonde levensstijl door middel van sport.
- Het ontwikkelen, exploiteren en beheren van accommodaties zoals hotels, vakantieparken, campings, bed & breakfasts en andere recreatieve verblijfsvoorzieningen. Daarnaast omvat het de organisatie van recreatieve activiteiten en evenementen voor gasten, de verhuur van recreatieve faciliteiten en materialen, en het aanbieden van diensten die bijdragen aan een aangenaam verblijf, zoals horeca, wellness, en toeristische informatie.
- Het bevorderen en faciliteren van horeca- en recreatieactiviteiten in de breedste zin van het woord. Dit omvat, maar is niet beperkt tot, het oprichten, exploiteren en beheren van horecagelegenheden zoals restaurants, cafés, bars, hotels en andere eet- en drinkgelegenheden in combinatie met recreatieve voorzieningen zoals vakantieparken, campings, sportaccommodaties en evenementlocaties. Daarnaast omvat het de organisatie van recreatieve en sportieve evenementen, het aanbieden van recreatieve diensten en faciliteiten, het verhuren van recreatief materiaal en het leveren van aanverwante diensten zoals catering, wellness en toeristische informatie.
- Het lenen, uitlenen en bijeenbrengen van gelden daaronder begrepen, het uitgeven van obligaties, schuldbrieven of andere waardepapieren, alsmede het aangaan van daarmee samenhangende overeenkomsten
- Het verstrekken van adviezen en het verlenen van diensten aan ondernemingen en vennootschappen waarmee de vennootschap in een groep is verbonden en aan derden
- Het verrichten van alle soorten industriële, financiële en commerciële activiteiten
- Het uitvoeren van milieubeschermings- en duurzaamheidsinitiatieven, zoals recycling, hernieuwbare energieprojecten en ecologische restauratie
- Het exploiteren en verhandelen van patenten, merkrechten, vergunningen, know how en andere industriële eigendomsrechten
- Het organiseren en faciliteren van internationale handel, inclusief import en export van goederen, en naleving van internationale wet- en regelgeving
- Het aanleggen, het oordeelkundig uitbouwen en het beheren van een onroerend vermogen, alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de inrichting en decoratie, de huur en verhuur, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten
- De vennootschap kan samenwerken met, deelnemen of belangnemen in andere ondernemingen met gelijkaardig voorwerp. Ze kan eveneens optreden als bestuurder, volmachtdrager, mandataris of vereffenaar in andere vennootschappen of ondernemingen met gelijkaardig voorwerp.
- De vennootschap is bevoegd deel te nemen, onder gelijk welke vorm, aan de oprichting, uitbreiding, omzetting, fusie, opslorping, het bestuur en de controle van onderneming, met gelijkaardig, aanverwante of aanvullende activiteiten; ze kan alle hulp verlenen aan ondernemingen waarin ze belang stelt, onder meer in de vorm van leningen, voorschotten of borgstellingen, alsook bij wijze van bijstand in zake bestuur en/of administratie. De vennootschap mag bijgevolg optreden als bestuurder of vereffenaar in andere vennootschappen, borgstellen voor derden, bestuurders en aandeelhouders, evenals hun leningen, voorschotten en kredieten toestaan, behoudens de wettelijke beperkingen terzake.
Invoicing and payment
VAT number
BE 1012.986.341
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1012.986.341
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
20 December at 18:00
deed of 03-09-2024 (in Dutch)Meeting accessThe articles set who may attend the meeting and what is needed to be admitted.
“Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…”
deed of 03-09-2024 (in Dutch)Proxy ruleThe articles set whether a shareholder may be represented at the meeting by someone else.
“Elke aandeelhouder kan aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, een schriftelijke volmacht…”
deed of 03-09-2024 (in Dutch)Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“Onder voorbehoud van de wettelijke en statutaire bepalingen betreffende de aandelen zonder stemrecht, 1”
“Meerderheid van stemmen, ongeacht het aantal effecten dat op de algemene vergadering vertegenwoordigd is”
deed of 03-09-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
89 m²
Building footprint
89 m²
Building volume
771 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44804D0081/00G010 | Flanders | 89 m² | 1 · 89 m² | 13.3 m · 3 |