BALMO
ActiveSummary
BALMO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.27M and a net result of €-37k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 4604 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days only on tighter terms
Liquidity tight (current ratio 1.43 against 0.98 in 2023; short-term debt: 9.8% and cash: 11.9% of total assets), and 9.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2024Solvency, return and age of the figures
Solvency
90.2%
Return on assets
-2.7%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-11-2025, 95 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
95 d late
2023
58 d late
2022
78 d late
2021
43 d late
2020
1 d early
2019
104 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-37k▼ 41.3%
2023 · €-27k
2018: €-39k
2019: €-25k▲ +37.1% vs 2018
2020: €1k▲ +105% vs 2019
2021: €42k▲ +3011% vs 2020highest in 7 years
2022: €-67k▼ -260% vs 2021lowest in 7 years
2023: €-27k▲ +60.6% vs 2022
2024: €-37k▼ -41.3% vs 2023
2018 → 2024
Working capital
€59k
2023 · €-3k
2018: €-897k
2019: €-1.07M▼ -19.2% vs 2018lowest in 7 years
2020: €-10k▲ +99.1% vs 2019
2021: €-23k▼ -137% vs 2020
2022: €-74k▼ -223% vs 2021
2023: €-3k▲ +96.6% vs 2022
2024: €59k▲ +2435% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.36M-€1.40M▲ 3.1%€1.33M▼ 4.8%€1.30M▼ 2.0%€1.27M▼ 2.9%
2020: €1.36M
2021: €1.40M▲ +3.1% vs 2020highest in 5 years
2022: €1.33M▼ -4.8% vs 2021
2023: €1.30M▼ -2.0% vs 2022
2024: €1.27M▼ -2.9% vs 2023lowest in 5 years
Operating result€21k-€58k▲ 182%€-67k€-21k▲ 68.6%€-31k▼ 48.9%
2020: €21k
2021: €58k▲ +182% vs 2020highest in 5 years
2022: €-67k▼ -216% vs 2021lowest in 5 years
2023: €-21k▲ +68.6% vs 2022
2024: €-31k▼ -48.9% vs 2023
Net result€1k-€42k▲ 3,011%€-67k€-27k▲ 60.6%€-37k▼ 41.3%
2020: €1k
2021: €42k▲ +3011% vs 2020highest in 5 years
2022: €-67k▼ -260% vs 2021lowest in 5 years
2023: €-27k▲ +60.6% vs 2022
2024: €-37k▼ -41.3% vs 2023
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31k in 2024 against €21k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.40M
Fixed assets
€1.21M ▼ 7.6%
Current assets
€198k ▲ 27.6%
Equity and liabilities €1.40M
Equity
€1.27M ▼ 2.9%
Debt
€138k ▼ 12.1%
Debt's share of the balance-sheet total falls from 10.8% to 9.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€68k▼
2023 · €78k
Cash flow
€62k▼
2023 · €73k
Current ratio
1.43▲
2023 · 0.98
Debt to equity
0.11▼
2023 · 0.12
ROE
-3.0%▼
2023 · -2.0%
ROA
-2.7%▼
2023 · -1.8%
Interest coverage
11.63▼
2023 · 15.06
Debt ≤ 1 year
€138k▼
2023 · €157k
Income taxes
€222▲
2023 · €216
Staff costs
€56k▲
2023 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.46M€1.40M▼
Fixed assets21/28€1.31M€1.21M▼
Intangible fixed assets21€800€600▼
Tangible fixed assets22/27€1.31M€1.21M▼
Land and buildings22€1.29M€1.20M▼
Furniture and vehicles24€11k€6k▼
Current assets29/58€155k€198k▲
Amounts receivable within one year40/41€68k€30k▼
Trade receivables40€43k€17k▼
Other amounts receivable41€24k€13k▼
Cash at bank and in hand54/58€87k€167k▲
Deferred charges and accrued income490/1€492€492=
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.40M▼
Equity10/15€1.30M€1.27M▼
Contributions10/11€1.42M€1.42M=
Profit (loss) carried forward14€-114k€-152k▼
Amounts payable17/49€157k€138k▼
Amounts payable within one year42/48€157k€138k▼
Trade debts44€24k€2k▼
Suppliers440/4€24k€2k▼
Taxes, remuneration and social security45€15k€13k▼
Taxes450/3€8k€8k▲
Remuneration and social security454/9€8k€4k▼
Other amounts payable47/48€118k€123k▲
Income statement
Code20232024
Remuneration, social security and pensions62€55k€56k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€99k▼
Other operating charges640/8€6k€6k▼
Gross operating margin9900€140k€130k▼
Operating profit (loss)9901€-21k€-31k▼
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-26k€-37k▼
Income taxes67/77€216€222▲
Profit (loss) for the period9904€-27k€-37k▼
Profit (loss) for the period to be appropriated9905€-27k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-114k€-152k▼
Profit (loss) brought forward from the previous period14P€-88k€-114k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €118k | €98k | €55k | €56k | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74 | €46k | €96k | €99k | €99k | ▼ 0.2% |
| Other operating charges640/8 | - | €5k | €5k | €6k | €6k | ▼ 3.5% |
| Gross operating margin9900 | €52k | €227k | €132k | €140k | €130k | ▼ 6.8% |
| Operating profit (loss)9901 | €21k | €58k | €-67k | €-21k | €-31k | ▼ 48.9% |
| Financial income75/76B | - | - | €2k | - | - | - |
| Recurring financial income75 | €2k | - | €2k | - | - | - |
| Financial charges65/66B | - | €2k | €2k | €5k | €6k | ▲ 12.1% |
| Recurring financial charges65 | €22k | €2k | €2k | €5k | €6k | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | €1k | €55k | €-67k | €-26k | €-37k | ▼ 41.7% |
| Income taxes67/77 | €97 | €13k | €380 | €216 | €222 | ▲ 2.9% |
| Profit (loss) for the period9904 | €1k | €42k | €-67k | €-27k | €-37k | ▼ 41.3% |
| Profit (loss) for the period to be appropriated9905 | €1k | €42k | €-67k | €-27k | €-37k | ▼ 41.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.85M | €1.56M | €1.48M | €1.46M | €1.40M | ▼ 3.9% |
| Fixed assets21/28 | €1.37M | €1.42M | €1.41M | €1.31M | €1.21M | ▼ 7.6% |
| Intangible fixed assets21 | - | - | - | €800 | €600 | ▼ 25.0% |
| Tangible fixed assets22/27 | €1.37M | €1.42M | €1.41M | €1.31M | €1.21M | ▼ 7.6% |
| Land and buildings22 | - | €1.40M | €1.39M | €1.29M | €1.20M | ▼ 7.3% |
| Furniture and vehicles24 | - | €21k | €16k | €11k | €6k | ▼ 44.7% |
| Current assets29/58 | €1.49M | €134k | €70k | €155k | €198k | ▲ 27.6% |
| Amounts receivable within one year40/41 | €80k | €70k | €44k | €68k | €30k | ▼ 55.5% |
| Trade receivables40 | - | €70k | €41k | €43k | €17k | ▼ 59.9% |
| Other amounts receivable41 | - | - | €2k | €24k | €13k | ▼ 47.8% |
| Cash at bank and in hand54/58 | €1.41M | €61k | €25k | €87k | €167k | ▲ 92.4% |
| Deferred charges and accrued income490/1 | - | €3k | €988 | €492 | €492 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.85M | €1.56M | €1.48M | €1.46M | €1.40M | ▼ 3.9% |
| Equity10/15 | €1.36M | €1.40M | €1.33M | €1.30M | €1.27M | ▼ 2.9% |
| Contributions10/11 | €1.42M | €1.42M | €1.42M | €1.42M | €1.42M | = |
| Profit (loss) carried forward14 | €-63k | €-21k | €-88k | €-114k | €-152k | ▼ 32.7% |
| Amounts payable17/49 | €1.50M | €157k | €145k | €157k | €138k | ▼ 12.1% |
| Amounts payable within one year42/48 | €1.50M | €157k | €145k | €157k | €138k | ▼ 12.1% |
| Trade debts44 | €23k | €12k | €3k | €24k | €2k | ▼ 90.9% |
| Suppliers440/4 | - | €12k | €3k | €24k | €2k | ▼ 90.9% |
| Taxes, remuneration and social security45 | - | €33k | €27k | €15k | €13k | ▼ 17.1% |
| Taxes450/3 | - | €17k | €18k | €8k | €8k | ▲ 6.1% |
| Remuneration and social security454/9 | - | €16k | €9k | €8k | €4k | ▼ 40.8% |
| Other amounts payable47/48 | - | €112k | €115k | €118k | €123k | ▲ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €42k | €-67k | €-27k | €-37k | ▼ 41.3% |
| + Depreciation and write-downs630 | €74 | €46k | €96k | €99k | €99k | ▼ 0.2% |
| Operating cash flow (approximation) | €1k | €88k | €29k | €73k | €62k | ▼ 15.3% |
| Investment in fixed assets (approximation) | - | €-102k | €-80k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €-1.34M | €-36k | €61k | €80k | ▲ 30.5% |
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
2025
03-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 95 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 78 days late
2022
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 43 days late
2021
31-12
Financial
Highest result since 2018net €42k ▲3,011%
Operating result €58k, net result €42k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.36M
Equity rises from €-52k to €1.36M.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 104 days late
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 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
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, Brussel · 1 establishment unit since 2017
Ground area
696 m²
Building footprint
619 m²
Volume, LiDAR
11,714 m³
Parcel 21822R0227/00X002, Brussels · tallest building 30.8 m, ±9 floors. Linked by address, not a title deed.
65
companies at this address
See who is registered here
1 establishment unit
BALMO
since 20172.267.430.626
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00X002 | Brussels | 696 m² | 1 · 619 m² | 30.8 m · 9 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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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 25,263 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
Founded08-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.