BALIMCO
ActiveSummary
BALIMCO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,049 and a net result of -€1,283. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 22% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+18
Solvency34=
Growth38▲+16
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.02 in 2024; short-term debt: 14.1% and cash: 0% of total assets), and 91.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1,283
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4613 sector peers (2025).
NBB · sector comparisonPosition among 4613 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 08-05-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
61 d early
2023
8 d early
2022
23 d early
2021
7 d early
2020
63 d early
2019
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today. Usually files around 8 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-10-2026 close31-05-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#8 company by total assets in Balen, Real estate sector
Turnover
€0
2024 · €0
EBIT margin
-61081.1%▼ 60561.5pp
2022 · -519.6%
Net result
-€1,283▲ 98.8%
2024 · -€110,445
Working capital
-€333,730▲ 9.7%
2024 · -€369,744
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3,489▲ 1.2%€5,535▲ 58.6%€154▼ 97.2%€0▼ 100%€0
Operating result-€32,931▲ 3.7%-€28,756▲ 12.7%-€94,352▼ 228%-€43,392▲ 54.0%€65,466
Net result-€39,736below the sector's middle half▲ 11.9%€207,691above the sector's middle half-€114,919below the sector's middle half-€110,445below the sector's middle half▲ 3.9%-€1,283within the sector's middle half▲ 98.8%
EBIT margin-943.7%▲ 47.6pp-519.6%▲ 424.2pp-61081.1%▼ 60561.5pp
Equity€435,303within the sector's middle half▼ 7.2%€457,695within the sector's middle half▲ 5.1%€342,776within the sector's middle half▼ 25.1%€226,331within the sector's middle half▼ 34.0%€225,049within the sector's middle half▼ 0.6%
Total assets€898,623within the sector's middle half▼ 2.7%€874,346within the sector's middle half▼ 2.7%€2.7mwithin the sector's middle half▲ 210%€2.6mwithin the sector's middle half▼ 2.6%€2.6mwithin the sector's middle half▼ 2.0%
Debt€401,203▲ 2.2%€416,652▲ 3.9%€2.4m▲ 468%€2.4m▲ 1.9%€2.4m▼ 2.1%
Working capital-€388,918below the sector's middle half▼ 5.1%-€401,305below the sector's middle half▼ 3.2%-€364,973below the sector's middle half▲ 9.1%-€369,744below the sector's middle half▼ 1.3%-€333,730below the sector's middle half▲ 9.7%
Solvency48.4%within the sector's middle half▼ 2.3pp52.3%within the sector's middle half▲ 3.9pp12.6%within the sector's middle half▼ 39.7pp8.6%within the sector's middle half▼ 4.1pp8.7%below the sector's middle half▲ 0.1pp
Current ratio0.02below the sector's middle half=0.03below the sector's middle half▲ 0.010.00below the sector's middle half▼ 0.030.02below the sector's middle half▲ 0.020.08below the sector's middle half▲ 0.07
Return on assets (ROA)-4.4%below the sector's middle half▲ 0.5pp23.8%above the sector's middle half▲ 28.2pp-4.2%below the sector's middle half▼ 28.0pp-4.2%below the sector's middle half▲ 0.1pp0.0%within the sector's middle half▲ 4.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €65,466 after a loss of €43,392 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.6m
Fixed assets
€2.6m ▼ 2.9%
Current assets
€29,844 ▲ 391%
Equity and liabilities €2.6m
Equity
€225,049 ▼ 0.6%
Debt
€2.4m ▼ 2.1%
Debt's share of the balance-sheet total falls from 91.4% to 91.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€142,010▲
2024 · €33,153
Cash flow
€75,262▲
2024 · -€33,900
Debt to equity
10.49▼
2024 · 10.66
ROE
-0.6%▲
2024 · -48.8%
Interest coverage
2.08▲
2024 · 0.49
Debt ≤ 1 year
€363,574▼
2024 · €375,823
Debt > 1 year
€1.5m▼
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.6%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,104 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €18,242 | €20,836 | €13,597 | €89,859 | €192,499 | ▲ 114% |
| Turnover70 | €3,489 | €5,535 | €154 | €0 | €0 | - |
| Other operating income74 | €14,753 | €15,301 | €13,443 | €89,859 | €192,499 | ▲ 114% |
| Operating charges60/66A | €51,173 | €49,591 | €107,949 | €133,251 | €127,034 | ▼ 4.7% |
| Services and other goods61 | €13,282 | €12,317 | €15,866 | €26,042 | €18,687 | ▼ 28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,947 | €26,947 | €25,534 | €76,545 | €76,545 | = |
| Other operating charges640/8 | €10,945 | €10,327 | €12,193 | €29,608 | €31,802 | ▲ 7.4% |
| Non-recurring operating charges66A | - | - | €54,357 | €1,056 | - | - |
| Operating profit (loss)9901 | -€32,931 | -€28,756 | -€94,352 | -€43,392 | €65,466 | ▲ 251% |
| Financial income75/76B | - | €868 | - | €711 | €1,776 | ▲ 150% |
| Recurring financial income75 | - | €868 | - | €711 | €1,776 | ▲ 150% |
| Income from current assets751 | - | - | - | €711 | €1,632 | ▲ 129% |
| Other financial income752/9 | - | €868 | - | - | €144 | - |
| Financial charges65/66B | €6,805 | €9,754 | €20,567 | €67,764 | €68,524 | ▲ 1.1% |
| Recurring financial charges65 | €6,805 | €9,754 | €20,567 | €67,764 | €68,524 | ▲ 1.1% |
| Debt charges650 | €6,663 | €9,604 | €18,323 | €67,414 | €68,144 | ▲ 1.1% |
| Other financial charges652/9 | €143 | €150 | €2,244 | €350 | €380 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | -€39,736 | -€37,641 | -€114,919 | -€110,445 | -€1,283 | ▲ 98.8% |
| Transfer from deferred taxes780 | - | €247,416 | - | - | - | - |
| Income taxes67/77 | - | €2,084 | - | €0 | - | - |
| Taxes670/3 | - | €2,084 | - | €0 | - | - |
| Profit (loss) for the period9904 | -€39,736 | €207,691 | -€114,919 | -€110,445 | -€1,283 | ▲ 98.8% |
| Transfer from tax-exempt reserves789 | €1,053 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€38,684 | €207,691 | -€114,919 | -€110,445 | -€1,283 | ▲ 98.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €898,623 | €874,346 | €2.7m | €2.6m | €2.6m | ▼ 2.0% |
| Fixed assets21/28 | €889,097 | €862,149 | €2.7m | €2.6m | €2.6m | ▼ 2.9% |
| Tangible fixed assets22/27 | €740,847 | €713,899 | €2.6m | €2.5m | €2.4m | ▼ 3.1% |
| Land and buildings22 | €740,847 | €713,899 | €2.6m | €2.5m | €2.4m | ▼ 3.1% |
| Financial fixed assets28 | €148,250 | €148,250 | €148,250 | €148,250 | €148,250 | = |
| Other financial fixed assets284/8 | €148,250 | €148,250 | €148,250 | €148,250 | €148,250 | = |
| Shares284 | €148,000 | €148,000 | €148,000 | €148,000 | €148,000 | = |
| Amounts receivable and cash guarantees285/8 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €9,527 | €12,197 | €213 | €6,079 | €29,844 | ▲ 391% |
| Amounts receivable within one year40/41 | €9,490 | €12,161 | €177 | €519 | €23,212 | ▲ 4,373% |
| Other amounts receivable41 | €9,490 | €12,161 | €177 | €519 | €23,212 | ▲ 4,373% |
| Current investments50/53 | - | - | €0 | €0 | €0 | - |
| Other investments51/53 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €36 | €0 | €36 | €36 | €36 | = |
| Deferred charges and accrued income490/1 | €0 | €36 | - | €5,523 | €6,595 | ▲ 19.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €898,623 | €874,346 | €2.7m | €2.6m | €2.6m | ▼ 2.0% |
| Equity10/15 | €435,303 | €457,695 | €342,776 | €226,331 | €225,049 | ▼ 0.6% |
| Contributions10/11 | €399,450 | €399,450 | €399,450 | €399,450 | €399,450 | = |
| Capital10 | €399,450 | €399,450 | €399,450 | €399,450 | €399,450 | = |
| Issued capital100 | €399,450 | €399,450 | €399,450 | €399,450 | €399,450 | = |
| Reserves13 | €263,868 | €78,569 | €78,569 | €72,569 | €72,569 | = |
| Non-distributable reserves130/1 | €10,208 | €10,208 | €10,208 | €10,208 | €10,208 | = |
| Legal reserve130 | €10,208 | €10,208 | €10,208 | €10,208 | €10,208 | = |
| Tax-exempt reserves132 | €185,299 | €0 | - | - | - | - |
| Distributable reserves133 | €68,360 | €68,360 | €68,360 | €62,360 | €62,360 | = |
| Profit (loss) carried forward14 | -€228,015 | -€20,324 | -€135,243 | -€245,687 | -€246,970 | ▼ 0.5% |
| Provisions and deferred taxes16 | €62,117 | €0 | - | - | - | - |
| Deferred taxes168 | €62,117 | €0 | - | - | - | - |
| Amounts payable17/49 | €401,203 | €416,652 | €2.4m | €2.4m | €2.4m | ▼ 2.1% |
| Amounts payable after more than one year17 | €2,758 | €0 | €1.7m | €1.6m | €1.5m | ▼ 4.5% |
| Financial debts170/4 | €2,758 | €0 | €1.7m | €1.6m | €1.5m | ▼ 4.5% |
| Credit institutions173 | - | - | €948,841 | €899,267 | €847,326 | ▼ 5.8% |
| Other loans174 | €2,758 | €0 | €710,000 | €710,000 | €690,000 | ▼ 2.8% |
| Amounts payable within one year42/48 | €398,445 | €413,502 | €365,186 | €375,823 | €363,574 | ▼ 3.3% |
| Financial debts43 | - | - | €47,315 | €49,574 | €51,941 | ▲ 4.8% |
| Credit institutions430/8 | - | - | €47,315 | €49,574 | €51,941 | ▲ 4.8% |
| Trade debts44 | €868 | - | €2,038 | €33,065 | - | - |
| Suppliers440/4 | €868 | - | €2,038 | €33,065 | - | - |
| Taxes, remuneration and social security45 | €0 | €0 | €0 | €0 | €0 | - |
| Taxes450/3 | - | €0 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | €397,577 | €413,502 | €315,834 | €293,184 | €311,633 | ▲ 6.3% |
| Accrued charges and deferred income492/3 | - | €3,149 | €343,095 | €427,798 | €460,491 | ▲ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€39,736 | €207,691 | -€114,919 | -€110,445 | -€1,283 | ▲ 98.8% |
| + Depreciation and write-downs630 | €26,947 | €26,947 | €25,534 | €76,545 | €76,545 | = |
| Operating cash flow (approximation) | -€12,789 | €234,638 | -€89,384 | -€33,900 | €75,262 | ▲ 322% |
| Investment in fixed assets (approximation) | - | €0 | -€1.9m | €0 | €0 | - |
| Change in cash | - | -€36 | €36 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-10
Financial
Weakest financial yearnet -€114,919
Net result drops to -€114,919, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-10
Financial
Back to profitnet €207,691
Net result €207,691 after 4 loss-making years.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Balen · 1 establishment unit since 1996
Ground area
666 m²
Building footprint
623 m²
Volume, LiDAR
3,879 m³
Parcel 13003A1157/00D002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
BALIMCO
since 19962.077.898.366
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13003A1157/00D002 | Flanders | 666 m² | 1 · 623 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Z-INVEST
BE 0837.805.331
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MINVAST
BE 0801.948.389
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Nigimmo
BE 0828.578.750
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,863 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-08-1996
Fiscal year end31-10
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458647969
Also
9925:BE0458647969
Registered
16-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.