BALEN LOGISTICS
Open bankruptcyA bankruptcy procedure is open for BALEN LOGISTICS according to publications in the Belgian State Gazette; curator: CHRISTOPHE GEUKENS. The 2023 annual accounts show equity of €65k and a net result of €8k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, micro schema
Equity
€65k▲ 19.4%
2022 · €54k
2018: €71k
2019: €69k
2020: €65k
2021: €63k
2022: €54k
2018 → 2023
Total assets
€176k▲ 222%
2022 · €55k
2018: €74k
2019: €70k
2020: €66k
2021: €64k
2022: €55k
2018 → 2023
Net result
€8k
2022 · €-9k
2018: €520
2019: €-2k
2020: €-12k
2021: €-2k
2022: €-9k
2018 → 2023
Working capital
€65k▲ 19.4%
2022 · €54k
2018: €68k
2019: €67k
2020: €64k
2021: €63k
2022: €54k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€69k-€65k▼ 5.8%€63k▼ 2.8%€54k▼ 14.7%€65k▲ 19.4%
Operating result€-4k-€-14k▼ 266%€-728▲ 94.7%€-9k▼ 1,171%€8k
Net result€-2k-€-12k▼ 622%€-2k▲ 84.7%€-9k▼ 413%€8k
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 returns to profit in 2023: €8k after a loss of €9k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €176k
Equity
€65k▲ 19.4%
Debt
€111k▲ 22,116%
The debt ratio rises from 0.9% to 63.2%. Equity and debt are higher.
Key figures and ratios
Solvency
36.8%▼
2022 · 99.1%
Current ratio
1.58
Quick ratio
1.28▼
2022 · 92.70
Debt / equity
1.72▲
2022 · 0.01
ROE
12.0%▲
2022 · -17.2%
ROA
4.4%▲
2022 · -17.0%
Debt
€111k▲
2022 · €500
Debt ≤ 1 year
€111k▲
2022 · €500
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€55k€176k▲
Current assets29/58€55k€176k▲
Amounts receivable after more than one year29€0-
Trade receivables290€0-
Stocks and contracts in progress3€8k€33k▲
Stocks30/36€8k€33k▲
Amounts receivable within one year40/41€45k€142k▲
Trade receivables40-€94k
Other amounts receivable41€45k€49k▲
Cash at bank and in hand54/58€1k€30▼
Equity and liabilities
Total equity and liabilities10/49€55k€176k▲
Equity10/15€54k€65k▲
Contributions10/11€19k€19k=
Reserves13€11k€11k=
Non-distributable reserves130/1€11k€11k=
Reserves not available under the articles1311€2k€2k=
Financial assistance1313€8k€8k=
Other1319€865€865=
Profit (loss) carried forward14€25k€35k▲
Amounts payable17/49€500€111k▲
Amounts payable within one year42/48€500€111k▲
Trade debts44-€111k
Suppliers440/4-€111k
Other amounts payable47/48€500€500=
Income statement
Code20222023
Other operating charges640/8€102€334▲
Gross operating margin9900€-9k€8k▲
Operating profit (loss)9901€-9k€8k▲
Financial charges65/66B€45€65▲
Recurring financial charges65€45€65▲
Non-recurring financial charges66B€45€65▲
Profit (loss) for the period before taxes9903€-9k€8k▲
Profit (loss) for the period9904€-9k€8k▲
Profit (loss) for the period to be appropriated9905€-9k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€35k▲
Profit (loss) brought forward from the previous period14P€34k€28k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · BALEN LOGISTICS BV POEIER- STRAAT 8, 2490 BALEN · event 15-09-2026
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after 4 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 6current ratio 622.67
Current ratio from 96.52 to 622.67; short-term debt falls from €666 to €102.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 74.31
Current ratio from 23.91 to 74.31; short-term debt falls from €3k to €918.
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
03-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
1.3 ha
Building footprint
4,226 m²
Volume, LiDAR
38,405 m³
2 parcels, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KONTIKI
since 20232.359.983.175
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0585/00T002 | Flanders | 1.0 ha | 1 · 2,288 m² | 14.7 m · 4 fl. |
| 13342B1320/00G004 | Flanders | 3,210 m² | 1 · 1,938 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | CHRISTOPHE GEUKENS LINDESTRAAT 2, 2490 BALEN- |
15-09-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-1987
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.