BALFROID CONSTRUCTIONS
ActiveBALFROID CONSTRUCTIONS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €104k and a net result of €21k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 19% of 2303 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2023
89
/ 100
Excellent▲ +89 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability100▲+100
Solvency42▲+21
Growth25▲+3
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 9.39 against 0.87 in 2022), but 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
12.9%
Return on assets
2.6%
Age of the figures
32 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2303 sector peers (2023).
NBB · sector comparisonPosition among 2303 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline12-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-12-2024, 142 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
142 d late
2022
151 d late
2020
122 d late
2019
152 d late
2018
237 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€117k▲ 22.7%
2022 · €95k
2018: €156k
2019: €257k
2020: €135k
2022: €95k
2018 → 2023
EBIT margin
22.4%▲ 59.1pp
2022 · -36.7%
2018: 33.0%
2019: -2.4%
2020: 12.5%
2022: -36.7%
2018 → 2023
Net result
€21k
2022 · €-33k
2018: €32k
2019: €4k
2020: €29k
2022: €-33k
2018 → 2023
Working capital
€407k
2022 · €-12k
2018: €65k
2019: €-9k
2020: €192k
2022: €-12k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020222023Trend
Turnover€156k-€257k▲ 64.8%€135k▼ 47.5%€95k▼ 29.2%€117k▲ 22.7%
Equity€104k-€107k▲ 3.4%€136k▲ 26.9%€83k▼ 39.1%€104k▲ 25.0%
Operating result€51k-€-6k€17k€-35k€26k
Net result€32k-€4k▼ 89.0%€29k▲ 715%€-33k€21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €26k after a loss of €35k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €802k
Fixed assets
€346k▼ 3.4%
Current assets
€455k▲ 472%
Equity and liabilities €802k
Equity
€104k▲ 25.0%
Debt
€698k▲ 96.4%
The debt ratio rises from 81.1% to 87.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€64k▲
2022 · €-11k
Cash flow
€58k▲
2022 · €-9k
Solvency
12.9%▼
2022 · 18.9%
Current ratio
9.39▲
2022 · 0.87
Quick ratio
9.33▲
2022 · 0.84
Debt / equity
6.75▲
2022 · 4.30
ROE
20.0%▲
2022 · -39.6%
ROA
2.6%▲
2022 · -7.5%
Interest coverage
11.59▲
2022 · -12.17
Debt
€698k▲
2022 · €356k
Debt ≤ 1 year
€49k▼
2022 · €91k
Debt > 1 year
€650k▲
2022 · €264k
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€438k€802k▲
Fixed assets21/28€359k€346k▼
Tangible fixed assets22/27€359k€346k▼
Land and buildings22€300k€293k▼
Plant, machinery and equipment23€21k€24k▲
Furniture and vehicles24€38k€30k▼
Current assets29/58€80k€455k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€67k€161k▲
Trade receivables40€67k€161k▲
Other amounts receivable41-€18
Cash at bank and in hand54/58€10k€209k▲
Deferred charges and accrued income490/1-€83k
Equity and liabilities
Total equity and liabilities10/49€438k€802k▲
Equity10/15€83k€104k▲
Contributions10/11€31k€36k▲
Reserves13€5k€20k▲
Non-distributable reserves130/1€5k-
Reserves not available under the articles1311€5k-
Distributable reserves133-€20k
Profit (loss) carried forward14€47k€47k▲
Amounts payable17/49€356k€698k▲
Amounts payable after more than one year17€264k€650k▲
Financial debts170/4€264k€167k▼
Other amounts payable178/9-€483k
Amounts payable within one year42/48€91k€49k▼
Trade debts44€90k€40k▼
Suppliers440/4€90k€40k▼
Taxes, remuneration and social security45€2k€9k▲
Taxes450/3€2k€9k▲
Accrued charges and deferred income492/3€542-
Income statement
Code20222023
Turnover70€95k€117k▲
Goods, raw materials, services and sundry goods60/61€106k€54k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€37k▲
Other operating charges640/8€559€2k▲
Gross operating margin9900€-11k€66k▲
Operating profit (loss)9901€-35k€26k▲
Financial income75/76B€3k-
Recurring financial income75€3k-
Financial charges65/66B€913€5k▲
Recurring financial charges65€913€5k▲
Profit (loss) for the period before taxes9903€-33k€21k▲
Profit (loss) for the period9904€-33k€21k▲
Profit (loss) for the period to be appropriated9905€-33k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€67k▲
Profit (loss) brought forward from the previous period14P€79k€47k▼
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 142 days late
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 9.39
Current ratio from 0.87 to 9.39; short-term debt falls from €91k to €49k.
31-12
Financial
Equity above €100kEq €104k ▲25%
Equity rises from €83k to €104k.
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
31-12
Financial
Weakest financial yearnet €-33k ▼214%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 3.80
Current ratio from 0.97 to 3.80; short-term debt falls from €305k to €69k.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 237 days late
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 70 days late
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 148 days late
2016
27-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Bièvre · 1 establishment unit since 1998
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.
Rue de la Rochette, M.-en-A. 1205555 BièvreGround area
3,027 m²
Building footprint
664 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Rochette, M.-en-A. 86 B, 5555 Bièvre
since 19982.085.089.234
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91093C0579/00E000 | Wallonia | 2,841 m² | 1 · 550 m² | - |
| 91093C0590/00L000 | Wallonia | 186 m² | 1 · 113 m² | - |
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.
Similar companies · same sector, comparable size
Coene Welding Services
BE 0730.844.718
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DEKNOCK & AERTS
BE 0461.366.345
Mortsel · Eq €103k
VDM Beheer
BE 0740.593.812
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JOSA INVEST
BE 0750.949.452
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OZ STAAL
BE 0749.789.808
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Of 904 companies in sector 25120 we hold annual accounts for 673. 480 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-1998
Fiscal year end31-12
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
28120
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.