BALECA
Open bankruptcyA bankruptcy procedure is open for BALECA according to publications in the Belgian State Gazette; curator: NICOLAAS VINCKIER.
Summary
The 2025 annual accounts show equity of €21,534 and a net result of -€5,722.
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 Ghent, Kortrijk division
- Declared bankrupt
- 14 October 2025
- Supervising judge
- Pieter De Smet
- Official Gazette
- 20-10-2025 (pdf) ↗search the document for 2025/142430
Deadlines
- Provisional date payments stopped
- 14 October 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 4 November 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 13 November 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 2 December 2025Goods 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
- 14 October 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Nicolaas VinckierHoogleedsesteenweg 7, 8800 Roeselaren@vinckieradvocaten.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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€5,722
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
on the day
2023
1 d early
2022
3 d late
2021
4 d early
2020
1 d early
2019
31 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 9 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
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 Agents in non-specialised wholesale trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€21,534▼ 21.0%
2024 · €27,256
Total assets
€38,118▼ 12.1%
2024 · €43,347
Net result
-€5,722▲ 83.4%
2024 · -€34,416
Working capital
€20,853▼ 21.2%
2024 · €26,461
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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-€57,588-€156,813▼ 172%€51,824-€31,415-€4,722▲ 85.0%
Net result-€67,003below the sector's middle half-€163,613below the sector's middle half▼ 144%€115,991within the sector's middle half-€34,416below the sector's middle half-€5,722below the sector's middle half▲ 83.4%
Equity€109,294below the sector's middle half▼ 31.3%-€54,318below the sector's middle half€61,672below the sector's middle half€27,256below the sector's middle half▼ 55.8%€21,534below the sector's middle half▼ 21.0%
Total assets€734,967within the sector's middle half▼ 6.7%€601,892within the sector's middle half▼ 18.1%€271,067below the sector's middle half▼ 55.0%€43,347below the sector's middle half▼ 84.0%€38,118below the sector's middle half▼ 12.1%
Debt€538,390▲ 4.1%€575,994▲ 7.0%€209,395▼ 63.6%€16,090▼ 92.3%€16,584▲ 3.1%
Working capital-€34,548below the sector's middle half▲ 78.4%-€202,051below the sector's middle half▼ 485%€60,763within the sector's middle half€26,461below the sector's middle half▼ 56.5%€20,853below the sector's middle half▼ 21.2%
Solvency14.9%below the sector's middle half▼ 5.3pp-9.0%below the sector's middle half▼ 23.9pp22.8%within the sector's middle half▲ 31.8pp62.9%within the sector's middle half▲ 40.1pp56.5%within the sector's middle half▼ 6.4pp
Current ratio0.81below the sector's middle half▲ 0.300.21below the sector's middle half▼ 0.601.29within the sector's middle half▲ 1.082.64within the sector's middle half▲ 1.352.26within the sector's middle half▼ 0.39
Return on assets (ROA)-9.1%below the sector's middle half▼ 11.1pp-27.2%below the sector's middle half▼ 18.1pp42.8%above the sector's middle half▲ 70.0pp-79.4%below the sector's middle half▼ 122.2pp-15.0%below the sector's middle half▲ 64.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,722 in 2025 against €31,415 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38,118
Fixed assets
€682 ▼ 14.3%
Current assets
€37,436 ▼ 12.0%
Equity and liabilities €38,118
Equity
€21,534 ▼ 21.0%
Debt
€16,584 ▲ 3.1%
Debt's share of the balance-sheet total rises from 37.1% to 43.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,608▲
2024 · -€31,301
Cash flow
-€5,608▲
2024 · -€34,303
Debt to equity
0.77▲
2024 · 0.59
ROE
-26.6%▲
2024 · -126.3%
Interest coverage
-4.61▲
2024 · -10.43
Debt ≤ 1 year
€16,584▲
2024 · €16,090
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €187,029 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,723 | €35,610 | €794 | €114 | €114 | = |
| Other operating charges640/8 | - | €115,892 | €103,388 | €1,555 | €487 | ▼ 68.7% |
| Gross operating margin9900 | -€11,660 | -€5,311 | €156,006 | -€29,746 | -€4,121 | ▲ 86.1% |
| Operating profit (loss)9901 | -€57,588 | -€156,813 | €51,824 | -€31,415 | -€4,722 | ▲ 85.0% |
| Financial income75/76B | - | - | €1,280 | - | - | - |
| Recurring financial income75 | - | - | €1,280 | - | - | - |
| Financial charges65/66B | - | €13,865 | €17,331 | €3,002 | €1,000 | ▼ 66.7% |
| Recurring financial charges65 | €16,480 | €13,865 | €17,331 | €3,002 | €1,000 | ▼ 66.7% |
| Profit (loss) for the period before taxes9903 | -€74,069 | -€170,678 | €35,774 | -€34,416 | -€5,722 | ▲ 83.4% |
| Transfer from deferred taxes780 | - | €7,065 | €80,217 | - | - | - |
| Profit (loss) for the period9904 | -€67,003 | -€163,613 | €115,991 | -€34,416 | -€5,722 | ▲ 83.4% |
| Transfer from tax-exempt reserves789 | - | €21,196 | €240,651 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€45,807 | -€142,416 | €356,641 | -€34,416 | -€5,722 | ▲ 83.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €734,967 | €601,892 | €271,067 | €43,347 | €38,118 | ▼ 12.1% |
| Fixed assets21/28 | €583,485 | €547,875 | €909 | €795 | €682 | ▼ 14.3% |
| Tangible fixed assets22/27 | €583,485 | €547,875 | €909 | €795 | €682 | ▼ 14.3% |
| Land and buildings22 | - | €301,875 | €909 | €795 | €682 | ▼ 14.3% |
| Plant, machinery and equipment23 | - | €246,000 | - | - | - | - |
| Current assets29/58 | €151,482 | €54,018 | €270,158 | €42,551 | €37,436 | ▼ 12.0% |
| Amounts receivable within one year40/41 | €39,341 | €41,854 | €262,961 | €35,086 | €30,013 | ▼ 14.5% |
| Trade receivables40 | - | €36,583 | €20,013 | €30,013 | €30,013 | = |
| Other amounts receivable41 | - | €5,271 | €242,948 | €5,073 | - | - |
| Current investments50/53 | €7,140 | €7,140 | €7,140 | €7,140 | €7,140 | = |
| Cash at bank and in hand54/58 | €1 | €5,024 | €57 | €325 | €283 | ▼ 12.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €734,967 | €601,892 | €271,067 | €43,347 | €38,118 | ▼ 12.1% |
| Equity10/15 | €109,294 | -€54,318 | €61,672 | €27,256 | €21,534 | ▼ 21.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €278,561 | €257,365 | €16,714 | €16,714 | €16,714 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €255,505 | €14,854 | €14,854 | €14,854 | = |
| Profit (loss) carried forward14 | -€187,867 | -€330,283 | €26,358 | -€8,058 | -€13,780 | ▼ 71.0% |
| Provisions and deferred taxes16 | €87,282 | €80,217 | - | - | - | - |
| Deferred taxes168 | - | €80,217 | - | - | - | - |
| Amounts payable17/49 | €538,390 | €575,994 | €209,395 | €16,090 | €16,584 | ▲ 3.1% |
| Amounts payable after more than one year17 | €352,360 | €319,925 | - | - | - | - |
| Financial debts170/4 | - | €319,925 | - | - | - | - |
| Amounts payable within one year42/48 | €186,030 | €256,069 | €209,395 | €16,090 | €16,584 | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €32,435 | - | - | - | - |
| Trade debts44 | €13,433 | €15,805 | €13,120 | €8,082 | €7,803 | ▼ 3.4% |
| Suppliers440/4 | - | €15,805 | €13,120 | €8,082 | €7,803 | ▼ 3.4% |
| Taxes, remuneration and social security45 | - | - | €50 | - | €2 | - |
| Taxes450/3 | - | - | €50 | - | €2 | - |
| Other amounts payable47/48 | - | €207,829 | €196,225 | €8,009 | €8,779 | ▲ 9.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€67,003 | -€163,613 | €115,991 | -€34,416 | -€5,722 | ▲ 83.4% |
| + Depreciation and write-downs630 | €35,723 | €35,610 | €794 | €114 | €114 | = |
| Operating cash flow (approximation) | -€31,280 | -€128,003 | €116,785 | -€34,303 | -€5,608 | ▲ 83.7% |
| Investment in fixed assets (approximation) | - | €0 | €546,172 | €0 | €0 | - |
| Change in cash | - | €5,023 | -€4,966 | €267 | -€42 | ▼ 116% |
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
2025
20-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 14-10-2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Liquidity doublescurrent ratio 2.64
Current ratio from 1.29 to 2.64; short-term debt falls from €209,395 to €16,090.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Back to profitnet €115,991
Net result €115,991 after 2 loss-making years.
31-03
Financial
Liquidity times 6current ratio 1.29
Current ratio from 0.21 to 1.29; short-term debt falls from €256,069 to €209,395.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
31-03
Financial
Weakest financial yearnet -€163,613
Net result drops to -€163,613, the lowest in the series.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €15,847
Net result €15,847 after one loss-making year.
Show earlier events
31-03
Financial
Equity above €150,000Eq €159,013 ▲11.1%
Equity rises from €143,166 to €159,013.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Moorslede · 1 establishment unit since 2001
Ground area
1,973 m²
Building footprint
176 m²
Volume, LiDAR
1,210 m³
Parcel 36012F0335/00G002, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BALECA
since 20012.100.419.489
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012F0335/00G002 | Flanders | 1,973 m² | 1 · 176 m² | 9.5 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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NICOLAAS VINCKIER HOOGLEEDSESTEENWEG 7,
8800 ROESELARE |
14-10-2025 → present |
Structure & network
Owners and holdings
1 ownerOwners 1
- KARAparentSourceaccounts KARA 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 6,146 companies in sector 46190 we hold annual accounts for 2,577. 1,694 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 (pre-2019)
Founded06-12-2000
Fiscal year end31-03
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
64210Activities of holding companies
Contact
Phone
056620400Moorslede
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 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.