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 €1.3m and a net result of -€37,455. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 4610 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 €70,000 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.
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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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€37,455▼ 41.3%
2023 · -€26,501
Working capital
€59,247
2023 · -€2,537
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€20,544€57,845▲ 182%-€67,112-€21,081▲ 68.6%-€31,397▼ 48.9%
Net result€1,351€42,035▲ 3,011%-€67,211-€26,501▲ 60.6%-€37,455▼ 41.3%
Equity€1.4m€1.4m▲ 3.1%€1.3m▼ 4.8%€1.3m▼ 2.0%€1.3m▼ 2.9%
Total assets€2.9m▲ 177%€1.6m▼ 45.5%€1.5m▼ 5.1%€1.5m▼ 0.9%€1.4m▼ 3.9%
Debt€1.5m▲ 38.6%€157,317▼ 89.5%€144,519▼ 8.1%€157,365▲ 8.9%€138,315▼ 12.1%
Working capital-€9,752▲ 99.1%-€23,092▼ 137%-€74,492▼ 223%-€2,537▲ 96.6%€59,247
Staff (FTE)11.6▲ 60.0%1.5▼ 6.3%1▼ 33.3%1=
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31,397 in 2024 against €21,081 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.2m ▼ 7.6%
Current assets
€197,562 ▲ 27.6%
Equity and liabilities €1.4m
Equity
€1.3m ▼ 2.9%
Debt
€138,315 ▼ 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
€67,842▼
2023 · €78,374
Cash flow
€61,785▼
2023 · €72,955
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
€138,315▼
2023 · €157,365
Income taxes
€222▲
2023 · €216
Staff costs
€56,469▲
2023 · €55,236
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €118,120 | €97,789 | €55,236 | €56,469 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €74 | €46,414 | €95,876 | €99,455 | €99,240 | ▼ 0.2% |
| Other operating charges640/8 | - | €4,865 | €5,159 | €6,057 | €5,842 | ▼ 3.5% |
| Gross operating margin9900 | €52,387 | €227,244 | €131,712 | €139,667 | €130,154 | ▼ 6.8% |
| Operating profit (loss)9901 | €20,544 | €57,845 | -€67,112 | -€21,081 | -€31,397 | ▼ 48.9% |
| Financial income75/76B | - | - | €2,402 | - | - | - |
| Recurring financial income75 | €2,436 | - | €2,402 | - | - | - |
| Financial charges65/66B | - | €2,422 | €2,120 | €5,204 | €5,836 | ▲ 12.1% |
| Recurring financial charges65 | €21,532 | €2,422 | €2,120 | €5,204 | €5,836 | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | €1,448 | €55,423 | -€66,830 | -€26,285 | -€37,233 | ▼ 41.7% |
| Income taxes67/77 | €97 | €13,387 | €380 | €216 | €222 | ▲ 2.9% |
| Profit (loss) for the period9904 | €1,351 | €42,035 | -€67,211 | -€26,501 | -€37,455 | ▼ 41.3% |
| Profit (loss) for the period to be appropriated9905 | €1,351 | €42,035 | -€67,211 | -€26,501 | -€37,455 | ▼ 41.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 3.9% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 7.6% |
| Intangible fixed assets21 | - | - | - | €800 | €600 | ▼ 25.0% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 7.6% |
| Land and buildings22 | - | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 7.3% |
| Furniture and vehicles24 | - | €21,381 | €16,209 | €11,054 | €6,115 | ▼ 44.7% |
| Current assets29/58 | €1.5m | €134,225 | €70,027 | €154,828 | €197,562 | ▲ 27.6% |
| Amounts receivable within one year40/41 | €80,095 | €70,410 | €43,657 | €67,500 | €30,040 | ▼ 55.5% |
| Trade receivables40 | - | €70,410 | €41,308 | €43,166 | €17,328 | ▼ 59.9% |
| Other amounts receivable41 | - | - | €2,349 | €24,334 | €12,713 | ▼ 47.8% |
| Cash at bank and in hand54/58 | €1.4m | €61,095 | €25,382 | €86,836 | €167,029 | ▲ 92.4% |
| Deferred charges and accrued income490/1 | - | €2,720 | €988 | €492 | €492 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €1.6m | €1.5m | €1.5m | €1.4m | ▼ 3.9% |
| Equity10/15 | €1.4m | €1.4m | €1.3m | €1.3m | €1.3m | ▼ 2.9% |
| Contributions10/11 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Profit (loss) carried forward14 | -€62,794 | -€20,759 | -€87,970 | -€114,471 | -€151,926 | ▼ 32.7% |
| Amounts payable17/49 | €1.5m | €157,317 | €144,519 | €157,365 | €138,315 | ▼ 12.1% |
| Amounts payable within one year42/48 | €1.5m | €157,317 | €144,519 | €157,365 | €138,315 | ▼ 12.1% |
| Trade debts44 | €23,113 | €11,693 | €3,206 | €24,059 | €2,184 | ▼ 90.9% |
| Suppliers440/4 | - | €11,693 | €3,206 | €24,059 | €2,184 | ▼ 90.9% |
| Taxes, remuneration and social security45 | - | €33,154 | €26,633 | €15,318 | €12,701 | ▼ 17.1% |
| Taxes450/3 | - | €17,183 | €17,522 | €7,749 | €8,221 | ▲ 6.1% |
| Remuneration and social security454/9 | - | €15,971 | €9,111 | €7,569 | €4,480 | ▼ 40.8% |
| Other amounts payable47/48 | - | €112,470 | €114,680 | €117,989 | €123,429 | ▲ 4.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,351 | €42,035 | -€67,211 | -€26,501 | -€37,455 | ▼ 41.3% |
| + Depreciation and write-downs630 | €74 | €46,414 | €95,876 | €99,455 | €99,240 | ▼ 0.2% |
| Operating cash flow (approximation) | €1,425 | €88,449 | €28,665 | €72,955 | €61,785 | ▼ 15.3% |
| Investment in fixed assets (approximation) | - | -€101,789 | -€80,065 | -€1,000 | €0 | ▲ 100% |
| Change in cash | - | -€1.3m | -€35,712 | €61,453 | €80,194 | ▲ 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 -€67,211
Net result drops to -€67,211, 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 €42,035 ▲3,011%
Operating result €57,845, net result €42,035, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €1,351
Net result €1,351 after 2 loss-making years.
31-12
Financial
Equity above €1mEq €1.4m
Equity rises from -€51,779 to €1.4m.
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 82,642 companies in sector 70200 we hold annual accounts for 52,583. 25,265 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.