BALEN
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 25-08-2021 was due by 25-03-2022 and was filed on 05-08-2022, 133 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2021
133 d late
2020
10 d late
2019
113 d early
2018
50 d early
2017
60 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, full schema
Turnover
€594k▲ 73.8%
2018 · €342k
2018: €342k
2019: €594k▲ +73.8% vs 2018
2018 → 2019
EBIT margin
50.4%▲ 9.7pp
2018 · 40.6%
2018: 40.6%
2019: 50.4%▲ +24.0% vs 2018
2018 → 2019
Net result
€-176k▲ 12.6%
2018 · €-201k
2018: €-201k
2019: €-176k▲ +12.6% vs 2018
2018 → 2019
Working capital
€-9.50M▲ 2.0%
2018 · €-9.69M
2018: €-9.69M
2019: €-9.50M▲ +2.0% vs 2018
2018 → 2019
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Turnover€342k-€594k▲ 73.8%
2018: €342k
2019: €594k▲ +73.8% vs 2018
Equity€-162k-€-338k▼ 109%
2018: €-162k
2019: €-338k▼ -109% vs 2018
Operating result€139k-€299k▲ 116%
2018: €139k
2019: €299k▲ +116% vs 2018
Net result€-201k-€-176k▲ 12.6%
2018: €-201k
2019: €-176k▲ +12.6% vs 2018
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 116% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €13.12M
Fixed assets
€13.08M ▼ 1.1%
Current assets
€38k ▼ 82.4%
Key figures and ratios
EBITDA
€581k▲
2018 · €329k
Cash flow
€105k▲
2018 · €-11k
Solvency
-2.6%▼
2018 · -1.2%
Current ratio
0.00▼
2018 · 0.02
Debt to equity
-11.60▲
2018 · -22.61
ROA
-1.3%▲
2018 · -1.5%
Interest coverage
1.21▲
2018 · 0.85
Debt
€13.45M▼
2018 · €13.60M
Debt ≤ 1 year
€9.53M▼
2018 · €9.90M
Debt > 1 year
€3.92M▲
2018 · €3.66M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 24 lines
Balance sheet
Code20182019
Assets
Total assets20/58€13.44M€13.12M▼
Fixed assets21/28€13.22M€13.08M▼
Tangible fixed assets22/27€12.29M€13.08M▲
Financial fixed assets28€937k-
Current assets29/58€214k€38k▼
Amounts receivable within one year40/41-€24k
Cash at bank and in hand54/58€29k€7k▼
Equity and liabilities
Total equity and liabilities10/49€13.44M€13.12M▼
Equity10/15€-162k€-338k▼
Contributions10/11€100k€100k=
Profit (loss) carried forward14€-262k€-438k▼
Amounts payable17/49€13.60M€13.45M▼
Amounts payable after more than one year17€3.66M€3.92M▲
Amounts payable within one year42/48€9.90M€9.53M▼
Trade debts44€8k€30k▲
Income statement
Code20182019
Turnover70€342k€594k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€191k€282k▲
Operating profit (loss)9901€139k€299k▲
Recurring financial income75€48k€7k▼
Recurring financial charges65€388k€482k▲
Debt charges650€388k€481k▲
Profit (loss) for the period before taxes9903€-201k€-176k▲
Profit (loss) for the period9904€-201k€-176k▲
Profit (loss) for the period to be appropriated9905€-201k€-176k▲
Accounts by statement
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €342k | €594k | ▲ 73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €191k | €282k | ▲ 47.7% |
| Operating profit (loss)9901 | €139k | €299k | ▲ 116% |
| Recurring financial income75 | €48k | €7k | ▼ 85.9% |
| Recurring financial charges65 | €388k | €482k | ▲ 24.2% |
| Debt charges650 | €388k | €481k | ▲ 24.2% |
| Profit (loss) for the period before taxes9903 | €-201k | €-176k | ▲ 12.6% |
| Profit (loss) for the period9904 | €-201k | €-176k | ▲ 12.6% |
| Profit (loss) for the period to be appropriated9905 | €-201k | €-176k | ▲ 12.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €13.44M | €13.12M | ▼ 2.4% |
| Fixed assets21/28 | €13.22M | €13.08M | ▼ 1.1% |
| Tangible fixed assets22/27 | €12.29M | €13.08M | ▲ 6.4% |
| Financial fixed assets28 | €937k | - | - |
| Current assets29/58 | €214k | €38k | ▼ 82.4% |
| Amounts receivable within one year40/41 | - | €24k | - |
| Cash at bank and in hand54/58 | €29k | €7k | ▼ 74.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €13.44M | €13.12M | ▼ 2.4% |
| Equity10/15 | €-162k | €-338k | ▼ 109% |
| Contributions10/11 | €100k | €100k | = |
| Profit (loss) carried forward14 | €-262k | €-438k | ▼ 67.2% |
| Amounts payable17/49 | €13.60M | €13.45M | ▼ 1.1% |
| Amounts payable after more than one year17 | €3.66M | €3.92M | ▲ 7.0% |
| Amounts payable within one year42/48 | €9.90M | €9.53M | ▼ 3.7% |
| Trade debts44 | €8k | €30k | ▲ 300% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-201k | €-176k | ▲ 12.6% |
| + Depreciation and write-downs630 | €191k | €282k | ▲ 47.7% |
| Operating cash flow (approximation) | €-11k | €105k | ▲ 1,081% |
| Investment in fixed assets (approximation) | - | €-136k | - |
| Change in cash | - | €-22k | - |
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
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 133 days late
2021
16-09
State Gazette act
Board meeting · Merger
Accounting effect
16-09
State Gazette act
Board meeting · Merger
Accounting effect · Frederic HELSEN
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 10 days late
12-07
State Gazette act
Board meeting · Merger
12-07
State Gazette act
Merger · Corporate purpose
Merger completion date · Fiscal regime · Tim CARNEWAL
2020
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
State Gazette actNBB filing
0 of 7 acts read
About the unread acts
We know of 7 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:COFINIMMO