Equity
€63,963 from €107,422 in 2020
Equity fell by 40% in 5 years.
BALHAN
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €176,172 (2007)
€35,501▲ 24.7%
lowest -€74,872 (2010)
€27,831▲ 442%
peak €107,422 (2020)
€63,963▲ 76.7%
€115,979▲ 78.2%
peak 3.1 FTE (2013)
-not published
Board2 names since 2020
-
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Gross margin from €28,467 to €35,501Result from €5,135 to €27,831Equity from €36,207 to €63,963Debts from €65,082 to €115,979Investments €68,908Cash from €7,261 to €19,483
Key points
from the 2025 annual accountsDebts
€115,979 ▲ 78.2%
Debts rose by €50,897 in 2025.
Investments
€78,342 50.7 × depreciation
Green is investment, beige is depreciation.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,356 companies had the same profile as BALHAN has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,356 companies, not a prediction for BALHAN. 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.
Credit verdict
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Signals
Board and ownership
last known boardManager, until 2020
Managing director, last mentioned in 2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454540713
Resignations & appointments
General meeting of 25-01-2023 · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Reappointment: · Resignation: · Permanent representative: · General meeting of 15-10-2020 · Gazette deed
Registered office moved to Verviers
New registered office: rue aux Laines 63A, 4800 VERVIERS · General meeting of 30-01-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BALHAN Verviers | €179,942 | €35,501 | 35.5% | - |
| M.D.F. DECOR ET CHASSIS Spa | €177,908 | €38,836 | 50.2% | - |
| DERAY Braine-l'Alleud | €163,673 | €35,462 | 86.0% | - |
| SOTRADEL - Menuiserie - Ebénisterie Quaregnon | €171,197 | €36,038 | 39.7% | - |
| Vapra Dendermonde | €165,454 | €31,050 | 72.8% | - |
| Ecofra Brasschaat | €167,651 | €33,802 | 64.9% | - |
| LINE PRODUCTIONS Boortmeerbeek | €184,426 | €37,845 | 62.9% | - |
These companies have the same main activity as BALHAN: joinery installation (NACE 43320). They are comparable in size and age: total assets between €164,000 and €184,000, founded between 1991 and 1999.
Official details
Source: KBO- Status
- Active since 23-02-1995Normal situation
- Activity
- Joinery installationNACE 43320
- Establishment unit
- 2.070.740.7564800 Verviers, since 17-03-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 11-08-2026
Annual accounts 2025
- ≈ €210,000estimated
- €179,942▲ 77.7%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on BALHAN
BALHAN files the micro format. That format states no turnover. The gross margin fell from €125,624 in 2006 to €35,501 in 2025.
The balance sheet grew most from 2008 to 2009 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BALHAN
- What is the company number of BALHAN?
- The company number of BALHAN is 0454.540.713. The VAT number is the same number with BE in front: BE 0454.540.713.
- Where is BALHAN based?
- The registered office is at Rue aux Laines 63A, 4800 Verviers.Company details
- What does BALHAN do?
- According to the KBO register, the main activity is joinery installation (NACE 43320).
- What is the legal form of BALHAN?
- BALHAN is a private limited company (BV).
- When was BALHAN founded?
- BALHAN was founded on 23-02-1995.
- Is BALHAN still active?
- Yes, BALHAN is an active enterprise in the KBO register.
- What is the turnover of BALHAN?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €35,501 and 32 comparable companies (NACE 43320). It probably lies between €160,000 and €360,000.Financials
- Is BALHAN profitable?
- In financial year 2025, BALHAN made a profit of €27,831.
- Where can I find the annual accounts of BALHAN?
- BALHAN filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BALHAN due?
- BALHAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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