Balman Optics
ActiveSummary
Balman Optics has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €394,732 and a net result of €53,984. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 10552 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79=
Solvency85▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.2 in 2024; short-term debt: 37.7% and cash: 12.8% of total assets), and 40.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.7%
Return on assets
8.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
21 d late
2022
23 d early
2021
25 d late
2020
26 d late
2019
3 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 20 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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. Usually files around 25 August (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€394,732▼ 11.4%
2024 · €445,498
Total assets
€660,712▼ 8.0%
2024 · €718,058
Net result
€53,984▼ 8.3%
2024 · €58,897
Working capital
€263,878▼ 8.4%
2024 · €288,139
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€70,474▼ 51.8%€11,237▼ 84.1%€56,250▲ 401%€91,277▲ 62.3%€91,419▲ 0.2%
Net result€47,727above the sector's middle half▼ 54.4%€9,417within the sector's middle half▼ 80.3%€43,039above the sector's middle half▲ 357%€58,897above the sector's middle half▲ 36.8%€53,984within the sector's middle half▼ 8.3%
Equity€513,395above the sector's middle half▲ 10.2%€522,812above the sector's middle half▲ 1.8%€455,851above the sector's middle half▼ 12.8%€445,498above the sector's middle half▼ 2.3%€394,732within the sector's middle half▼ 11.4%
Total assets€724,339above the sector's middle half▲ 18.1%€718,116above the sector's middle half▼ 0.9%€725,944above the sector's middle half▲ 1.1%€718,058above the sector's middle half▼ 1.1%€660,712within the sector's middle half▼ 8.0%
Debt€210,944▲ 42.6%€195,304▼ 7.4%€270,093▲ 38.3%€272,560▲ 0.9%€265,981▼ 2.4%
Working capital€327,975above the sector's middle half▲ 6.1%€333,927above the sector's middle half▲ 1.8%€283,793above the sector's middle half▼ 15.0%€288,139above the sector's middle half▲ 1.5%€263,878within the sector's middle half▼ 8.4%
Solvency70.9%above the sector's middle half▼ 5.0pp72.8%above the sector's middle half▲ 1.9pp62.8%above the sector's middle half▼ 10.0pp62.0%within the sector's middle half▼ 0.8pp59.7%within the sector's middle half▼ 2.3pp
Current ratio2.94above the sector's middle half▼ 0.462.97above the sector's middle half▲ 0.032.17within the sector's middle half▼ 0.802.20within the sector's middle half▲ 0.032.06within the sector's middle half▼ 0.14
Return on assets (ROA)6.6%within the sector's middle half▼ 10.5pp1.3%within the sector's middle half▼ 5.3pp5.9%within the sector's middle half▲ 4.6pp8.2%within the sector's middle half▲ 2.3pp8.2%within the sector's middle half=
Staff (FTE)9.3▼ 1.1%11.3▲ 21.5%9.6▼ 15.0%10.7▲ 11.5%9.7above the sector's middle half▼ 9.3%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €660,712
Fixed assets
€148,035 ▼ 21.8%
Current assets
€512,677 ▼ 3.0%
Equity and liabilities €660,712
Equity
€394,732 ▼ 11.4%
Debt
€265,981 ▼ 2.4%
Debt's share of the balance-sheet total rises from 38.0% to 40.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€132,697▼
2024 · €139,999
Cash flow
€95,262▼
2024 · €107,619
Debt to equity
0.67▲
2024 · 0.61
ROE
13.7%▲
2024 · 13.2%
Interest coverage
46.02▼
2024 · 91.84
Debt ≤ 1 year
€248,799▲
2024 · €240,605
Debt > 1 year
€17,181▼
2024 · €31,955
Income taxes
€35,229▲
2024 · €31,450
Staff costs
€377,208▲
2024 · €368,598
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 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% | 1.8% |
| 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 31,371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €349,495 | €425,569 | €386,554 | €368,598 | €377,208 | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,515 | €39,607 | €44,055 | €48,722 | €41,279 | ▼ 15.3% |
| Other operating charges640/8 | €3,524 | €2,641 | €2,180 | €2,424 | €2,398 | ▼ 1.1% |
| Gross operating margin9900 | €447,009 | €479,054 | €489,040 | €511,021 | €512,302 | ▲ 0.3% |
| Operating profit (loss)9901 | €70,474 | €11,237 | €56,250 | €91,277 | €91,419 | ▲ 0.2% |
| Financial income75/76B | €1,861 | €5,859 | €1,269 | €595 | €678 | ▲ 14.1% |
| Recurring financial income75 | €1,861 | €5,859 | €1,269 | €595 | €678 | ▲ 14.1% |
| Financial charges65/66B | €1,395 | €1,999 | €158 | €1,524 | €2,884 | ▲ 89.2% |
| Recurring financial charges65 | €1,395 | €1,999 | €158 | €1,524 | €2,884 | ▲ 89.2% |
| Profit (loss) for the period before taxes9903 | €70,940 | €15,097 | €57,361 | €90,347 | €89,213 | ▼ 1.3% |
| Income taxes67/77 | €23,213 | €5,680 | €14,322 | €31,450 | €35,229 | ▲ 12.0% |
| Profit (loss) for the period9904 | €47,727 | €9,417 | €43,039 | €58,897 | €53,984 | ▼ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €47,727 | €9,417 | €43,039 | €58,897 | €53,984 | ▼ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €724,339 | €718,116 | €725,944 | €718,058 | €660,712 | ▼ 8.0% |
| Fixed assets21/28 | €227,258 | €214,326 | €198,798 | €189,313 | €148,035 | ▼ 21.8% |
| Tangible fixed assets22/27 | €227,023 | €214,091 | €198,563 | €189,078 | €147,800 | ▼ 21.8% |
| Land and buildings22 | €143,853 | €140,165 | €126,505 | €114,886 | €103,721 | ▼ 9.7% |
| Furniture and vehicles24 | €72,026 | €66,271 | €67,115 | €71,354 | €43,334 | ▼ 39.3% |
| Other tangible fixed assets26 | €11,144 | €7,654 | €4,944 | €2,839 | €745 | ▼ 73.7% |
| Financial fixed assets28 | €235 | €235 | €235 | €235 | €235 | = |
| Current assets29/58 | €497,081 | €503,790 | €527,146 | €528,744 | €512,677 | ▼ 3.0% |
| Amounts receivable within one year40/41 | €68,137 | €60,242 | €81,196 | €69,802 | €59,293 | ▼ 15.1% |
| Trade receivables40 | €63,762 | €56,008 | €71,016 | €63,401 | €59,293 | ▼ 6.5% |
| Other amounts receivable41 | €4,376 | €4,233 | €10,180 | €6,401 | - | - |
| Current investments50/53 | €221,972 | €260,061 | €296,805 | €332,805 | €368,804 | ▲ 10.8% |
| Cash at bank and in hand54/58 | €206,972 | €183,487 | €149,146 | €126,138 | €84,580 | ▼ 32.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €724,339 | €718,116 | €725,944 | €718,058 | €660,712 | ▼ 8.0% |
| Equity10/15 | €513,395 | €522,812 | €455,851 | €445,498 | €394,732 | ▼ 11.4% |
| Contributions10/11 | €6,205 | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Outside capital11 | €6,205 | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Other1109/19 | €6,205 | €6,205 | €6,205 | €6,205 | €6,205 | = |
| Reserves13 | €507,190 | €516,607 | €449,646 | €439,293 | €388,526 | ▼ 11.6% |
| Non-distributable reserves130/1 | €15,677 | €15,677 | €15,677 | €15,677 | - | - |
| Reserves not available under the articles1311 | €15,677 | €15,677 | €15,677 | €15,677 | - | - |
| Distributable reserves133 | €491,513 | €500,930 | €433,968 | €423,615 | €388,526 | ▼ 8.3% |
| Amounts payable17/49 | €210,944 | €195,304 | €270,093 | €272,560 | €265,981 | ▼ 2.4% |
| Amounts payable after more than one year17 | €41,838 | €25,440 | €26,740 | €31,955 | €17,181 | ▼ 46.2% |
| Financial debts170/4 | €41,838 | €25,440 | €26,740 | €31,955 | €17,181 | ▼ 46.2% |
| Amounts payable within one year42/48 | €169,106 | €169,863 | €243,354 | €240,605 | €248,799 | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | €15,913 | €16,397 | €17,808 | €19,716 | €14,774 | ▼ 25.1% |
| Trade debts44 | €64,941 | €63,100 | €64,529 | €55,143 | €47,587 | ▼ 13.7% |
| Suppliers440/4 | €64,941 | €63,100 | €64,529 | €55,143 | €47,587 | ▼ 13.7% |
| Taxes, remuneration and social security45 | €88,252 | €90,365 | €51,017 | €96,446 | €79,338 | ▼ 17.7% |
| Taxes450/3 | €55,702 | €54,741 | €19,237 | €61,058 | €56,796 | ▼ 7.0% |
| Remuneration and social security454/9 | €32,550 | €35,624 | €31,779 | €35,388 | €22,542 | ▼ 36.3% |
| Other amounts payable47/48 | - | - | €110,000 | €69,301 | €107,100 | ▲ 54.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,727 | €9,417 | €43,039 | €58,897 | €53,984 | ▼ 8.3% |
| + Depreciation and write-downs630 | €23,515 | €39,607 | €44,055 | €48,722 | €41,279 | ▼ 15.3% |
| Operating cash flow (approximation) | €71,242 | €49,024 | €87,094 | €107,619 | €95,262 | ▼ 11.5% |
| Investment in fixed assets (approximation) | - | -€26,674 | -€28,528 | -€39,237 | €0 | ▲ 100% |
| Change in cash | - | -€23,484 | -€34,341 | -€23,008 | -€41,557 | ▼ 80.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €9,417 ▼80.3%
Net result drops to €9,417, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Equity above €500,000Eq €513,395 ▲10.2%
4 profitable years in a row build equity to €513,395.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Destelbergen · 3 establishment units since 1993
Ground area
10.9 ha
Building footprint
5.0 ha
Volume, LiDAR
384,689 m³
3 parcels, Flanders · tallest building 18.3 m, ±2 floors. Linked by address, not a title deed.
3 establishment units
PEARLE VISION CENTER
since 19932.061.864.959
Vossenstraat(HEU) 60, 9070 Destelbergen
since 19982.061.864.860
Balman Optics
since 20072.161.660.242
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 44028B0112/00F000 | Flanders | 707 m² | 1 · 177 m² | 6.9 m · 1 fl. |
| 46443E0396/00Y003 | Flanders | 230 m² | 1 · 230 m² | 13.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,734 companies in this sector we hold annual accounts for 1,141. 858 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded09-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449637164
Also
9925:BE0449637164
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.