Equity
-€45,168
Debts exceed assets in financial year 2025.
Balic
Lifetime
2 annual accounts with figures on one time axispeak €123,128 (2025)
€123,128▲ €138,902
lowest -€58,145 (2024)
€2,977▲ €61,122
peak -€45,168 (2025)
-€45,168▲ €2,977
€2.3m▲ 77.5%
Board2 names since 2024
2 directorsJusoko and 1 other
Documentsfilings and deeds
18-06-202643 days before the deadline
2025abbreviated format
Gross margin from -€15,774 to €123,128Back to profit: €2,977Registered office moved from Lommel to Balen 30-05Debts from €1.3m to €2.3mInvestments €861,621Cash from €5,883 to €155,778
Key points
from the 2025 annual accountsResult
€2,977 €2,977
Back in profit in 2025, after a loss of €58,145 in 2024.
Turnover
≈ €170,000 estimated
The abbreviated format states no turnover.
Debts
€2.3m 102% of the balance sheet
Financial debts 96%Suppliers 0%Taxes and wages 0%Other 3%
€2.3m of the debts are secured on the company's own assets. In 2024 that was €1.3m.
Investments
€861,621 14.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 65.6% higher than in 2024.
Position in the sector
-€45,168
Less equity than 87% of companies in real estate. Sector median €300,024 · 11,302 companies.
Checked score
55
Fair
Financially stronger than 48% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 0.7%
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 1.2%▲ +0.5 percentage points vs 05-2025
07-2025: 0.8%▼ -0.4 percentage points vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.9%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.3%▲ +0.1 percentage points vs 07-2026
09-2026: 1.6%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.5%▼ -1.1 percentage points vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
1 change of registered office in 24 months
Negative equity -€45,168
lowers risk
Size: total assets €2.2m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 12% of them on solvency, 85% on liquidity, 30% on profitability and 66% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 262 companies had the same profile as Balic has now. Each dot is one company, two years later.
97.3%
were still trading
0.8%
stopped another way
1.1%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Balic itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 262 companies, not a prediction for Balic. 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
No credit on open account
Liquidity is ample, with a current ratio of 2.57, above the usual 1.5. Short-term debt is 3.7% and cash 7% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 11297 sector peers (2025).
NBB · sector comparisonPosition among 11297 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
43 days early
2024
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 40 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SMIDS Stefan Peter 200 sharesdeed of 27-03-2024
- VRANCKX Michiel 100 sharesdeed of 27-03-2024
Recent changes
Registered office moved from Lommel to Balen
New registered office: Boomschorsweg 11, 2490 Balen · Previous registered office: Waterrijstraat 25 bus A, 3920 Lommel · Board meeting of 16-04-2025 · Gazette deed
First establishment
Boomschorsweg 11, Balen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Balic Balen | €2.2m | €123,128 | -2.0% | - |
| NDR Holding Antwerp | €2.7m | €128,895 | 0.8% | 0 |
| TB IMMO Chaumont-Gistoux | €1.8m | €145,117 | -6.4% | - |
| MANGUETTE HOLDING Theux | €2.3m | €95,187 | 0.2% | - |
| MECHELEN_RODEKRUIS_HR Antwerp | €2.2m | €97,511 | -2.4% | 0 |
| COROSA INVEST Zandhoven | €2.4m | €170,813 | 46.6% | - |
| MYRAS Antwerp | €1.6m | €121,007 | -1.3% | - |
These companies have the same main activity as Balic: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.6m and €2.7m, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 25-03-2024Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.357.645.7722490 Balen, since 25-03-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €2.2m▲ 80.8%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on Balic
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
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 Balic
- What is the company number of Balic?
- The company number of Balic is 1007.513.858. The VAT number is the same number with BE in front: BE 1007.513.858.
- Where is Balic based?
- The registered office is at Boomschorsweg 11, 2490 Balen.Company details
- What does Balic do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Balic?
- Balic is a private limited company (BV).
- When was Balic founded?
- Balic was founded on 25-03-2024.
- Is Balic still active?
- Yes, Balic is an active enterprise in the KBO register.
- What is the turnover of Balic?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €123,128 and 37 comparable companies (NACE 68203). It probably lies between €130,000 and €260,000.Financials
- Is Balic profitable?
- In financial year 2025, Balic made a profit of €2,977.
- Where can I find the annual accounts of Balic?
- Balic filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Balic due?
- Balic must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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