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BALKO

Active
Public limited companyfounded 2005active for 21 yearsMarcel Windelsstraat 31, 8790 Waregem, BelgiumKBO/BCE: BE 0873.622.382
Summary

BALKO has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €8,330. Equity is growing by about 2.6% per year across the filed financial years. Its solvency ranks better than 56% of 91 sector peers (NACE 14, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of outerwear
NACE 14210
7th largest company by equity in West Flanders, Clothing sector1 site
Size
€2.7mtotal assets 2025
Staff
6.9 FTE
Equity
€1.5m
Profit
€8,330
Turnover not published (abbreviated format)
Financial health
88 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
BEE-FASHION · 96%
Accounts filed 1 day late0 of 6 deeds read
Why 88raises riskSize: 6.9 FTE, total assets €2.7mlowers riskFounded in 2005Equity €1.5m (55.8% of total assets)Legal form: public limited companyShow the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 52% of its sector peers (NACE 14, micro)
Financial strength · tick = 2023
Average
Solvency 81=
equity 55.8% of total assets
Liquidity 45-27
short-term debt 28.6% · cash 5.5%
Profitability 28-9
return on assets 0.3%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (317 companies, NACE 14, micro)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.2%▲ +0.1 percentage points vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%▲ +0.3 percentage points vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025highest value 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.2%▼ -0.5 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.42, compared with 3.24 in 2023, above the usual 1.5; short-term debt: 28.6% and cash: 5.5% of total assets), and 44.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 14, micro): better than 69% on solvency, 51% on liquidity and 35% on profitability.

The bankruptcy probability was computed on 15-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2005
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: 6.9 FTE, total assets €2.7m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €1.5m (55.8% of total assets)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · Filed after the deadline
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 01-12-2025, 1 day later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
1 day late
2023
23 days late
2022
on the day
2021
23 days late
2020
2 days early
2019
51 days early
2018
10 days 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 2 days before the deadline; the sector median (NACE 14) for financial year 2023 is 4 days before the deadline, and 40% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2023 · abbreviated…
  3. Annual accounts filedfinancial year 2022 · abbreviated…

Key points

  • Positive: 7th largest company by equity in West Flanders, Clothing sectorin the Checked rankings No. 7 View
  • Controlled by BEE-FASHION 96% View
  • Positive: 6 profitable years in a rowprofit 2025: €8,330 6 years View

By topic

Financials

Financial year
2025
Total assets
€2.7m
Profit
€8,330
Solvency
55.8%
Total assets▲ 0.1%
Net result
20192025
Go to Financials

Timeline

Events
21
Since
2007
  1. 23-02-2022Annual accounts filed
  2. 30-06-2021Highest result from 2019 to 2025
  3. 29-01-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of outerwearNACE 14210
Founded
03-05-2005
Year ends
30-04
Peppol
Reachable for e-invoices
Go to Company details

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