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BALIPATI

Active
Private limited companyfounded 20196 yrs activeIndustriestraat 9, 8211 Zedelgem, BelgiumKBO/BCE: BE 0736.675.012
Summary

The computed 12-month bankruptcy probability of BALIPATI is 1.5% (moderate). The 2025 annual accounts show equity of €39,457 and a net result of -€3,669. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 8160 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability16▼-5
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 18.62; short-term debt: 5.4% and cash: 99.7% of total assets), and 5.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
94.6%
Return on assets
-8.8%
Age of the figures
9 mo
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 2025
Net result per financial year
202122232425
2020 to 2025 · latest year -€3,669
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 15-07-2026, 16 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
16 d early
2024
13 d early
2023
30 d late
2022
79 d late
2021
61 d late
2020
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BALIPATI was incorporated on 22 October 2019 as a Private limited company.1 Total assets rose from EUR 32,708 in 2020 to EUR 41,697 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity
€39,457▼ 8.5%
2024 · €43,126
Total assets
€41,697▼ 4.1%
2024 · €43,492
Net result
-€3,669▼ 27.9%
2024 · -€2,868
Working capital
€39,457▼ 8.5%
2024 · €43,126
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Operating result€26,591▲ 94.6%€11,604▼ 56.4%-€211-€2,219▼ 952%-€3,145▼ 41.7%
Net result€25,511within the sector's middle half▲ 113%€8,296within the sector's middle half▼ 67.5%-€776below the sector's middle half-€2,868below the sector's middle half▼ 270%-€3,669below the sector's middle half▼ 27.9%
Equity€38,474below the sector's middle half▲ 197%€46,770below the sector's middle half▲ 21.6%€45,995below the sector's middle half▼ 1.7%€43,126below the sector's middle half▼ 6.2%€39,457below the sector's middle half▼ 8.5%
Total assets€70,965below the sector's middle half▲ 117%€51,711below the sector's middle half▼ 27.1%€54,048below the sector's middle half▲ 4.5%€43,492below the sector's middle half▼ 19.5%€41,697below the sector's middle half▼ 4.1%
Debt€32,491▲ 64.6%€4,941▼ 84.8%€8,053▲ 63.0%€365▼ 95.5%€2,240▲ 513%
Working capital€38,474below the sector's middle half▲ 197%€46,770below the sector's middle half▲ 21.6%€45,995below the sector's middle half▼ 1.7%€43,126below the sector's middle half▼ 6.2%€39,457within the sector's middle half▼ 8.5%
Solvency54.2%within the sector's middle half▲ 14.6pp90.4%above the sector's middle half▲ 36.2pp85.1%above the sector's middle half▼ 5.3pp99.2%above the sector's middle half▲ 14.1pp94.6%above the sector's middle half▼ 4.5pp
Current ratio2.18within the sector's middle half▲ 0.5310.47above the sector's middle half▲ 8.286.71above the sector's middle half▼ 3.7518.62above the sector's middle half
Return on assets (ROA)35.9%above the sector's middle half▼ 0.6pp16.0%above the sector's middle half▼ 19.9pp-1.4%below the sector's middle half▼ 17.5pp-6.6%below the sector's middle half▼ 5.2pp-8.8%below the sector's middle half▼ 2.2pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000€30,000Operating result 2021: €26,591€26,591Net result 2021: €25,511€25,511Operating result 2022: €11,604€11,604Net result 2022: €8,296€8,296Operating result 2023: -€211-€211Net result 2023: -€776-€776Operating result 2024: -€2,219-€2,219Net result 2024: -€2,868-€2,868Operating result 2025: -€3,145-€3,145Net result 2025: -€3,669-€3,66920212022202320242025-€4,000-€3,000-€2,000-€1,000€0Operating result 2023: -€211-€211Net result 2023: -€776-€776Operating result 2024: -€2,219-€2,220Net result 2024: -€2,868-€2,870Operating result 2025: -€3,145-€3,150Net result 2025: -€3,669-€3,670202320242025
The operating result stays negative: a loss of €3,145 in 2025 against €2,219 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €41,697
Equity €39,457 ▼ 8.5%
Debt €2,240 ▲ 513%
Debt's share of the balance-sheet total rises from 0.8% to 5.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.06▲
2024 · 0.01
ROE
-9.3%▼
2024 · -6.7%
Debt ≤ 1 year
€2,240▲
2024 · €365
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
7.3% stopped otherwise
90% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,442 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€43,492€41,697▼
Current assets29/58€43,492€41,697▼
Amounts receivable within one year40/41€16€0▼
Trade receivables40€0-
Other amounts receivable41€16€0▼
Cash at bank and in hand54/58€43,331€41,551▼
Deferred charges and accrued income490/1€146€146=
Equity and liabilities
Total equity and liabilities10/49€43,492€41,697▼
Equity10/15€43,126€39,457▼
Contributions10/11€1,000€1,000=
Reserves13€42,126€38,457▼
Distributable reserves133€42,126€38,457▼
Amounts payable17/49€365€2,240▲
Amounts payable within one year42/48€365€2,240▲
Trade debts44€229€1,892▲
Suppliers440/4€229€1,892▲
Taxes, remuneration and social security45€136€348▲
Taxes450/3€136€348▲
Income statement Code20242025
Other operating charges640/8€578€593▲
Gross operating margin9900-€1,640-€2,552▼
Operating profit (loss)9901-€2,219-€3,145▼
Financial charges65/66B€649€524▼
Recurring financial charges65€649€524▼
Profit (loss) for the period before taxes9903-€2,868-€3,669▼
Profit (loss) for the period9904-€2,868-€3,669▼
Profit (loss) for the period to be appropriated9905-€2,868-€3,669▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2,868-€3,669▼
Transfer from equity791/2€2,868€3,669▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€176€590€564€578€593▲ 2.5%
Gross operating margin9900€26,767€12,194€353-€1,640-€2,552▼ 55.6%
Operating profit (loss)9901€26,591€11,604-€211-€2,219-€3,145▼ 41.7%
Financial income75/76B€1€0----
Recurring financial income75€1€0----
Financial charges65/66B€268€283€565€649€524▼ 19.3%
Recurring financial charges65€268€283€565€649€524▼ 19.3%
Profit (loss) for the period before taxes9903€26,323€11,321-€776-€2,868-€3,669▼ 27.9%
Income taxes67/77€813€3,025€0---
Profit (loss) for the period9904€25,511€8,296-€776-€2,868-€3,669▼ 27.9%
Profit (loss) for the period to be appropriated9905€25,511€8,296-€776-€2,868-€3,669▼ 27.9%
Line20212022202320242025Change
Assets
Total assets20/58€70,965€51,711€54,048€43,492€41,697▼ 4.1%
Current assets29/58€70,965€51,711€54,048€43,492€41,697▼ 4.1%
Amounts receivable within one year40/41€9,062€80€4,070€16€0▼ 100%
Trade receivables40€9,062€80€4,070€0--
Other amounts receivable41---€16€0▼ 100%
Cash at bank and in hand54/58€61,904€51,485€49,832€43,331€41,551▼ 4.1%
Deferred charges and accrued income490/1-€146€146€146€146=
Equity and liabilities
Total equity and liabilities10/49€70,965€51,711€54,048€43,492€41,697▼ 4.1%
Equity10/15€38,474€46,770€45,995€43,126€39,457▼ 8.5%
Contributions10/11€1,000€1,000€1,000€1,000€1,000=
Reserves13€37,474€45,770€44,995€42,126€38,457▼ 8.7%
Distributable reserves133€37,474€45,770€44,995€42,126€38,457▼ 8.7%
Amounts payable17/49€32,491€4,941€8,053€365€2,240▲ 513%
Amounts payable within one year42/48€32,491€4,941€8,053€365€2,240▲ 513%
Trade debts44€7,237€1,104€4,726€229€1,892▲ 725%
Suppliers440/4€7,237€1,104€4,726€229€1,892▲ 725%
Advances received on contracts in progress46€22,017€0----
Taxes, remuneration and social security45€1,637€3,837€3,327€136€348▲ 156%
Taxes450/3€1,637€3,837€3,327€136€348▲ 156%
Other amounts payable47/48€1,600€0----
Line20212022202320242025Change
Profit (loss) for the period9904€25,511€8,296-€776-€2,868-€3,669▼ 27.9%
Operating cash flow (approximation)€25,511€8,296-€776-€2,868-€3,669▼ 27.9%
Change in cash--€10,418-€1,653-€6,502-€1,779▲ 72.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet -€3,669
Net result drops to -€3,669, the lowest in the series.
18-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Liquidity times 18current ratio 119.00
Current ratio from 6.71 to 119.00; short-term debt falls from €8,053 to €365.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
18-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 79 days late
2022
31-12
Financial Liquidity times 5current ratio 10.47
Current ratio from 2.18 to 10.47; short-term debt falls from €32,491 to €4,941.
30-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
31-12
Financial Highest result since 2020net €25,511 ▲113%
Operating result €26,591, net result €25,511, both a record.
14-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
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, Zedelgem · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
6.4 ha
Building footprint
1.4 ha
Volume, LiDAR
152,494 m³
Parcel 31001C0924/00P000, Flanders · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
BALIPATI
Industriestraat 9, 8211 ZedelgemManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
since 20192.295.103.835
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31001C0924/00P000 Flanders 6.4 ha 1 · 1.4 ha 13.8 m · 4 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Fitec 100%
  2. BALIPATI

Highest known parent: Fitec. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 334 companies in sector 46471 we hold annual accounts for 190. 127 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46471Wholesale trade
46472Wholesale trade
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID 0208:0736675012
Also 9925:BE0736675012

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.