BALN MENUISERIE
ActiveBALN MENUISERIE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168k and a net result of €42k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 21% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
68
/ 100
Healthy▼ -32 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency32▼-58
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.73 in 2024), and 80.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
19.6%
Return on assets
4.9%
Age of the figures
8 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 27407 sector peers (2025).
NBB · sector comparisonPosition among 27407 sector peers
Solvency
better than 21%
← weakest
strongest →
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
181 d early
2023
96 d early
2022
112 d early
2021
70 d early
2020
2 d early
2019
4 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€168k▲ 22.6%
2024 · €137k
2018: €82k
2019: €93k
2020: €110k
2021: €110k
2022: €154k
2023: €126k
2024: €137k
2018 → 2025
Total assets
€858k▲ 231%
2024 · €259k
2018: €135k
2019: €134k
2020: €143k
2021: €194k
2022: €228k
2023: €280k
2024: €259k
2018 → 2025
Net result
€42k▼ 3.5%
2024 · €43k
2018: €33k
2019: €11k
2020: €17k
2021: €23k
2022: €44k
2023: €15k
2024: €43k
2018 → 2025
Working capital
€41k▼ 24.5%
2024 · €55k
2018: €70k
2019: €76k
2020: €76k
2021: €69k
2022: €114k
2023: €46k
2024: €55k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€110k-€154k▲ 40.1%€126k▼ 18.3%€137k▲ 8.6%€168k▲ 22.6%
Operating result€30k-€59k▲ 95.7%€20k▼ 66.9%€63k▲ 223%€59k▼ 7.0%
Net result€23k-€44k▲ 95.7%€15k▼ 67.0%€43k▲ 197%€42k▼ 3.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €858k
Fixed assets
€694k▲ 436%
Current assets
€164k▲ 26.4%
Equity and liabilities €858k
Equity
€168k▲ 22.6%
Debt
€690k▲ 464%
The debt ratio rises from 47.2% to 80.4%: debt grows faster than equity.
Key figures and ratios
EBITDA
€118k▲
2024 · €90k
Cash flow
€101k▲
2024 · €70k
Solvency
19.6%▼
2024 · 52.8%
Current ratio
1.34▼
2024 · 1.73
Quick ratio
1.25▼
2024 · 1.43
Debt / equity
4.11▲
2024 · 0.89
ROE
24.9%▼
2024 · 31.7%
ROA
4.9%▼
2024 · 16.7%
Interest coverage
9.01▼
2024 · 24.11
Debt
€690k▲
2024 · €122k
Debt ≤ 1 year
€123k▲
2024 · €75k
Debt > 1 year
€566k▲
2024 · €46k
Income taxes
€4k▼
2024 · €16k
Staff costs
€84k▲
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€259k€858k▲
Fixed assets21/28€130k€694k▲
Tangible fixed assets22/27€129k€693k▲
Land and buildings22€42k€569k▲
Plant, machinery and equipment23€2k€51k▲
Furniture and vehicles24€84k€72k▼
Leasing and similar rights25€934€399▼
Financial fixed assets28€670€670=
Current assets29/58€130k€164k▲
Stocks and contracts in progress3€22k€10k▼
Stocks30/36€22k€10k▼
Amounts receivable within one year40/41€54k€74k▲
Trade receivables40€41k€62k▲
Other amounts receivable41€13k€12k▼
Cash at bank and in hand54/58€45k€73k▲
Deferred charges and accrued income490/1€9k€6k▼
Equity and liabilities
Total equity and liabilities10/49€259k€858k▲
Equity10/15€137k€168k▲
Contributions10/11€12k€12k=
Reserves13€125k€156k▲
Distributable reserves133€125k€156k▲
Amounts payable17/49€122k€690k▲
Amounts payable after more than one year17€46k€566k▲
Financial debts170/4€46k€566k▲
Amounts payable within one year42/48€75k€123k▲
Current portion of amounts payable after more than one year42€29k€27k▼
Trade debts44€9k€64k▲
Suppliers440/4€9k€64k▲
Advances received on contracts in progress46€6k-
Taxes, remuneration and social security45€11k€23k▲
Taxes450/3€11k€10k▼
Remuneration and social security454/9€172€13k▲
Other amounts payable47/48€20k€9k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€32k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€59k▲
Other operating charges640/8€2k€6k▲
Gross operating margin9900€124k€209k▲
Operating profit (loss)9901€63k€59k▼
Financial income75/76B€124€413▲
Recurring financial income75€124€413▲
Financial charges65/66B€4k€13k▲
Recurring financial charges65€4k€13k▲
Profit (loss) for the period before taxes9903€60k€46k▼
Income taxes67/77€16k€4k▼
Profit (loss) for the period9904€43k€42k▼
Profit (loss) for the period to be appropriated9905€43k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€42k▼
Transfer from equity791/2€33k€11k▼
Transfer to equity691/2€43k€42k▼
To other reserves6921€43k€42k▼
Profit to be distributed694/7€33k€11k▼
Return on contributions (dividend)694€33k€11k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
19-03
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 31/01/2026
- Registered-office move, 11, Zoning des Coeuvins à 6723 Habay-la-Vieille
2025
31-12
Financial
Equity above €150kEq €168k ▲22.6%
8 profitable years in a row build equity to €168k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €44k ▲95.7%
Net result €44k, the highest in the series.
31-12
Financial
Equity above €150kEq €154k ▲40.1%
5 profitable years in a row build equity to €154k.
22-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €110k ▲18.7%
3 profitable years in a row build equity to €110k.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €11k ▼66.9%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-12-2023
François Laurent: Resigned as Managing director
28-12-2023
Jean HORNARD: Resigned as Managing director
Location & real-estate footprint
Registered office, Habay · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Les Coeuvins, H.-la-V. 116723 HabayGround area
1,924 m²
Building footprint
174 m²
Volume, LiDAR
822 m³
2 parcels, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BALN Menuiserie
since 20152.238.181.562
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85015A2180/00V000 | Wallonia | 1,552 m² | - | - |
| 84033D0267/00W000 | Wallonia | 372 m² | 1 · 174 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AVC DOORS & WALLS KORTRIJK
BE 0720.721.183
Kortrijk · Eq €168k
NIJS HANS
BE 0721.434.134
Retie · Eq €168k
M.N.M. Construct
BE 0695.798.123
Antwerpen · Eq €168k
DE BONDT ALAIN
BE 0424.520.302
Opwijk · Eq €168k
Jo Cooremans
BE 0474.703.746
Buggenhout · Eq €168k
Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 7,526 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2015
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0474/370.194