BALIGARTH
ActiveBALIGARTH has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-402k) and a net result of €-68k. Equity is shrinking by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 19347 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
12
/ 100
Critical▼ -14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+63
Solvency43▲+4
Growth32=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 0.75 in 2023), and equity is negative.
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 · 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 2024Solvency, return and age of the figures
Solvency
-104.7%
Return on assets
-17.8%
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€402k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
5 d late
2022
31 d early
2021
27 d late
2020
30 d late
2019
17 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-68k▼ 371%
2023 · €-15k
2018: €14k
2019: €17k
2020: €10k
2021: €-4k
2022: €-98k
2023: €-15k
2018 → 2024
Working capital
€-20k▲ 70.3%
2023 · €-67k
2018: €-13k
2019: €4k
2020: €7k
2021: €-49k
2022: €-74k
2023: €-67k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-217k-€-221k▼ 1.9%€-319k▼ 44.2%€-333k▼ 4.6%€-402k▼ 20.5%
Operating result€25k-€109k▲ 332%€-17k€-2k▲ 90.5%€-52k▼ 3,054%
Net result€10k-€-4k€-98k▼ 2,329%€-15k▲ 85.2%€-68k▼ 371%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €52k in 2024 against €2k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €384k
Fixed assets
€108k▲ 8.7%
Current assets
€276k▲ 38.3%
Key figures and ratios
EBITDA
€-19k▼
2023 · €23k
Cash flow
€-35k▼
2023 · €10k
Solvency
-104.7%▲
2023 · -111.6%
Current ratio
0.93▲
2023 · 0.75
Quick ratio
0.93▲
2023 · 0.75
Debt / equity
-1.95▼
2023 · -1.90
ROE
17.0%▲
2023 · 4.4%
ROA
-17.8%▼
2023 · -4.9%
Interest coverage
-1.46▼
2023 · 2.00
Debt
€786k▲
2023 · €632k
Debt ≤ 1 year
€296k▲
2023 · €266k
Debt > 1 year
€490k▲
2023 · €366k
Income taxes
€3k▲
2023 · €1k
Staff costs
€187k▲
2023 · €186k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€299k€384k▲
Fixed assets21/28€99k€108k▲
Intangible fixed assets21€51k€66k▲
Tangible fixed assets22/27€47k€41k▼
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€42k€40k▼
Financial fixed assets28€1k€1k=
Current assets29/58€199k€276k▲
Amounts receivable within one year40/41€154k€139k▼
Trade receivables40€154k€139k▼
Current investments50/53€6k€16k▲
Cash at bank and in hand54/58€37k€119k▲
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€299k€384k▲
Equity10/15€-333k€-402k▼
Contributions10/11€38k€38k=
Profit (loss) carried forward14€-372k€-440k▼
Amounts payable17/49€632k€786k▲
Amounts payable after more than one year17€366k€490k▲
Financial debts170/4€366k€490k▲
Amounts payable within one year42/48€266k€296k▲
Current portion of amounts payable after more than one year42€3k€1k▼
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€39k€42k▲
Suppliers440/4€39k€42k▲
Taxes, remuneration and social security45€62k€64k▲
Taxes450/3€35k€41k▲
Remuneration and social security454/9€27k€23k▼
Other amounts payable47/48€113k€139k▲
Income statement
Code20232024
Remuneration, social security and pensions62€186k€187k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€33k▲
Other operating charges640/8€9k€6k▼
Gross operating margin9900€218k€174k▼
Operating profit (loss)9901€-2k€-52k▼
Financial income75/76B€80€2▼
Recurring financial income75€80€2▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€-13k€-65k▼
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€-15k€-68k▼
Profit (loss) for the period to be appropriated9905€-15k€-68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-372k€-440k▼
Profit (loss) brought forward from the previous period14P€-357k€-372k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-98k
Net result drops to €-98k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 27 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
31-12
Financial
Highest result since 2018net €17k ▲18.5%
Net result €17k, the highest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
Financial 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
Registered office, Jette · 2 establishment units since 2003
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.
Lakense Laan 291090 JetteGround area
919 m²
Building footprint
288 m²
Volume, LiDAR
1,927 m³
2 parcels, Brussels, Wallonia · tallest building 17.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
IMMOBILIERE BALCAEN
since 20032.126.977.792
Immo Balcaen
since 20072.172.746.748
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25024B0287/00G000 | Wallonia | 798 m² | 1 · 166 m² | 6.4 m · 2 fl. |
| 21464E0002/00W003 | Brussels | 121 m² | 1 · 121 m² | 17.5 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
2549004AMOO41TFROP22
Similar companies · same sector and region
BPI INVEST
BE 0451.450.470
Jette
BUILDINVEST
BE 0415.879.382
Jette
Comptabilité Contracts Management
BE 0440.090.780
Jette
ImmAutrement
BE 1036.326.125
Jette
NYD INVESTMENTS
BE 0774.297.748
Jette
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 9,633 companies in sector 68121 we hold annual accounts for 7,328.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2003
Fiscal year end31-12
Trade name FR
IMMO BALCAEN
Activities, NACEBEL
68121Development of residential building projects
68310Real estate agency activities
68311Real estate activities
70111
70311
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70112
70120
70201
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:022681888