BALIGAS
ActiveBALIGAS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €188k and a net result of €7k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 80% of 1329 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent▼ -12 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▼-37
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 3.62 against 4.41 in 2023), and 27.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 42
Relative position
BE, all sectors
reference
Sector 42
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
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 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
67 d late
2022
32 d late
2021
52 d late
2020
19 d late
2019
84 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€188k▲ 3.7%
2023 · €182k
2018: €144k
2019: €186k
2020: €217k
2021: €228k
2022: €185k
2023: €182k
2018 → 2024
Total assets
€260k▲ 10.8%
2023 · €235k
2018: €165k
2019: €226k
2020: €257k
2021: €260k
2022: €229k
2023: €235k
2018 → 2024
Net result
€7k▼ 66.8%
2023 · €20k
2018: €24k
2019: €41k
2020: €31k
2021: €10k
2022: €20k
2023: €20k
2018 → 2024
Working capital
€188k▲ 3.8%
2023 · €181k
2018: €144k
2019: €185k
2020: €216k
2021: €224k
2022: €184k
2023: €181k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€217k-€228k▲ 4.7%€185k▼ 18.6%€182k▼ 1.9%€188k▲ 3.7%
Operating result€24k-€17k▼ 30.3%€25k▲ 54.5%€25k=€15k▼ 40.9%
Net result€31k-€10k▼ 67.3%€20k▲ 90.5%€20k▲ 2.7%€7k▼ 66.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 41% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €260k
Fixed assets
€118▼ 66.9%
Current assets
€260k▲ 10.9%
Equity and liabilities €260k
Equity
€188k▲ 3.7%
Debt
€72k▲ 35.2%
The debt ratio rises from 22.6% to 27.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€15k▼
2023 · €26k
Cash flow
€7k▼
2023 · €21k
Solvency
72.4%▼
2023 · 77.4%
Current ratio
3.62▼
2023 · 4.41
Quick ratio
3.62▼
2023 · 4.41
Debt / equity
0.38▲
2023 · 0.29
ROE
3.5%▼
2023 · 11.1%
ROA
2.6%▼
2023 · 8.6%
Interest coverage
4.81▼
2023 · 15.42
Debt
€72k▲
2023 · €53k
Debt ≤ 1 year
€72k▲
2023 · €53k
Income taxes
€7k▼
2023 · €10k
Staff costs
€146
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€235k€260k▲
Fixed assets21/28€356€118▼
Tangible fixed assets22/27€356€118▼
Plant, machinery and equipment23€356€118▼
Current assets29/58€234k€260k▲
Amounts receivable after more than one year29€213k€213k=
Other amounts receivable291€213k€213k=
Amounts receivable within one year40/41€21k€47k▲
Trade receivables40€6k€6k=
Other amounts receivable41€15k€41k▲
Deferred charges and accrued income490/1€719€719=
Equity and liabilities
Total equity and liabilities10/49€235k€260k▲
Equity10/15€182k€188k▲
Contributions10/11€12k€12k=
Outside capital11€12k-
Other1109/19€12k-
Reserves13€169k€176k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€167k€174k▲
Amounts payable17/49€53k€72k▲
Amounts payable within one year42/48€53k€72k▲
Financial debts43€5k€7k▲
Credit institutions430/8€5k€7k▲
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€30k€40k▲
Taxes450/3€30k€40k▲
Other amounts payable47/48€10k€22k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€146
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€688€239▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€28k€18k▼
Operating profit (loss)9901€25k€15k▼
Financial income75/76B€6k€2k▼
Recurring financial income75€6k€2k▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€30k€13k▼
Income taxes67/77€10k€7k▼
Profit (loss) for the period9904€20k€7k▼
Profit (loss) for the period to be appropriated9905€20k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€7k▼
Transfer from equity791/2€24k-
Transfer to equity691/2€20k€7k▼
To other reserves6921€20k€7k▼
Profit to be distributed694/7€24k-
Return on contributions (dividend)694€24k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €7k ▼66.8%
Net result drops to €7k, the lowest in the series.
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Equity above €200kEq €217k ▲16.9%
3 profitable years in a row build equity to €217k.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
31-12
Financial
Highest result since 2018net €41k ▲72.3%
Operating result €45k, net result €41k, both a record.
31-12
Financial
Equity above €150kEq €186k ▲28.7%
2 profitable years in a row build equity to €186k.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Lokeren · 1 establishment unit since 2010
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.
Varenstraat 89180 LokerenGround area
518 m²
Building footprint
124 m²
Volume, LiDAR
742 m³
Parcel 44045H0574/00E003, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Varenstraat 8, 9180 Lokeren
since 20102.199.572.196
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045H0574/00E003 | Flanders | 518 m² | 1 · 124 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
ENMI
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GILMASO
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INTERRA
BE 0845.899.782
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QUALITYFREES
BE 0647.807.471
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Claeys Frederick - Klimaattechnieken
BE 0752.588.752
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Of 335 companies in sector 42219 we hold annual accounts for 148. 110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-09-2010
Fiscal year end31-12
Activities, NACEBEL
42219Civil engineering
42212Civil engineering
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.
Contact details
1 entryPhone:0484/79 18 65