BALO
ActiveSummary
BALO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €23k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+6
Solvency62▲+7
Growth61=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.62 in 2024; short-term debt: 63.2% and cash: 11.6% of total assets), and 63.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
36.8%
Return on assets
9.3%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d late
2023
29 d late
2022
61 d late
2021
153 d late
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€696k▼ 1.6%
2018 · €707k
2018: €707k
2019: €696k▼ -1.6% vs 2018
2018 → 2019
EBIT margin
1.8%▲ 0.3pp
2018 · 1.5%
2018: 1.5%
2019: 1.8%▲ +16.7% vs 2018
2018 → 2019
Net result
€23k▲ 158%
2024 · €9k
2018: €8k
2019: €9k▲ +11.5% vs 2018
2020: €-5k▼ -163% vs 2019lowest in 8 years
2021: €5k▲ +200% vs 2020
2022: €895▼ -83.3% vs 2021
2023: €2k▲ +147% vs 2022
2024: €9k▲ +311% vs 2023
2025: €23k▲ +158% vs 2024highest in 8 years
2018 → 2025
Working capital
€-50k▲ 16.9%
2024 · €-60k
2018: €12k
2019: €27k▲ +132% vs 2018highest in 8 years
2020: €14k▼ -48.6% vs 2019
2021: €-32k▼ -332% vs 2020
2022: €-66k▼ -106% vs 2021
2023: €-74k▼ -13.0% vs 2022lowest in 8 years
2024: €-60k▲ +18.7% vs 2023
2025: €-50k▲ +16.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€45k▲ 2.0%€60k▲ 32.1%€69k▲ 15.2%€92k▲ 34.1%
2021: €44klowest in 5 years
2022: €45k▲ +2.0% vs 2021
2023: €60k▲ +32.1% vs 2022
2024: €69k▲ +15.2% vs 2023
2025: €92k▲ +34.1% vs 2024highest in 5 years
Operating result€6k-€2k▼ 70.6%€2k▼ 5.1%€11k▲ 569%€34k▲ 193%
2021: €6k
2022: €2k▼ -70.6% vs 2021
2023: €2k▼ -5.1% vs 2022lowest in 5 years
2024: €11k▲ +569% vs 2023
2025: €34k▲ +193% vs 2024highest in 5 years
Net result€5k-€895▼ 83.3%€2k▲ 147%€9k▲ 311%€23k▲ 158%
2021: €5k
2022: €895▼ -83.3% vs 2021lowest in 5 years
2023: €2k▲ +147% vs 2022
2024: €9k▲ +311% vs 2023
2025: €23k▲ +158% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 193% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €251k
Fixed assets
€142k ▲ 10.3%
Current assets
€108k ▲ 10.2%
Equity and liabilities €251k
Equity
€92k ▲ 34.1%
Debt
€159k ▼ 0.1%
Debt's share of the balance-sheet total falls from 69.8% to 63.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▲
2024 · €35k
Cash flow
€53k▲
2024 · €33k
Current ratio
0.68▲
2024 · 0.62
Quick ratio
0.40▲
2024 · 0.34
Debt to equity
1.72▼
2024 · 2.31
ROE
25.4%▲
2024 · 13.2%
ROA
9.3%▲
2024 · 4.0%
Interest coverage
38.20▲
2024 · 19.67
Debt ≤ 1 year
€159k▼
2024 · €159k
Income taxes
€9k▲
2024 · €3k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€228k€251k▲
Fixed assets21/28€129k€142k▲
Tangible fixed assets22/27€126k€139k▲
Plant, machinery and equipment23€15k€15k▼
Furniture and vehicles24€26k€18k▼
Other tangible fixed assets26€85k€107k▲
Financial fixed assets28€3k€3k=
Current assets29/58€98k€108k▲
Stocks and contracts in progress3€45k€45k=
Stocks30/36€45k€45k=
Amounts receivable within one year40/41€28k€34k▲
Trade receivables40€30-
Other amounts receivable41€28k€34k▲
Cash at bank and in hand54/58€24k€29k▲
Deferred charges and accrued income490/1€669-
Equity and liabilities
Total equity and liabilities10/49€228k€251k▲
Equity10/15€69k€92k▲
Contributions10/11€19k€19k=
Reserves13€6k€6k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€4k€4k=
Profit (loss) carried forward14€45k€68k▲
Amounts payable17/49€159k€159k▼
Amounts payable within one year42/48€159k€159k▼
Trade debts44€68k€59k▼
Suppliers440/4€68k€59k▼
Taxes, remuneration and social security45€13k€27k▲
Taxes450/3€13k€22k▲
Remuneration and social security454/9-€5k
Other amounts payable47/48€77k€73k▼
Income statement
Code20242025
Remuneration, social security and pensions62€-1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€30k▲
Other operating charges640/8€1k€621▼
Gross operating margin9900€35k€64k▲
Operating profit (loss)9901€11k€34k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€12k€32k▲
Income taxes67/77€3k€9k▲
Profit (loss) for the period9904€9k€23k▲
Profit (loss) for the period to be appropriated9905€9k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€68k▲
Profit (loss) brought forward from the previous period14P€35k€45k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €8k | €8k | €10k | €-1k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €15k | €21k | €24k | €30k | ▲ 24.9% |
| Other operating charges640/8 | €2k | €808 | €4k | €1k | €621 | ▼ 43.8% |
| Gross operating margin9900 | €25k | €26k | €36k | €35k | €64k | ▲ 81.5% |
| Operating profit (loss)9901 | €6k | €2k | €2k | €11k | €34k | ▲ 193% |
| Financial income75/76B | €0 | €0 | €4k | €2k | - | - |
| Recurring financial income75 | €0 | €0 | €4k | €2k | - | - |
| Financial charges65/66B | €734 | €913 | €2k | €2k | €2k | ▼ 7.4% |
| Recurring financial charges65 | €734 | €913 | €2k | €2k | €2k | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €5k | €895 | €4k | €12k | €32k | ▲ 166% |
| Income taxes67/77 | €36 | - | €1k | €3k | €9k | ▲ 190% |
| Profit (loss) for the period9904 | €5k | €895 | €2k | €9k | €23k | ▲ 158% |
| Profit (loss) for the period to be appropriated9905 | €5k | €895 | €2k | €9k | €23k | ▲ 158% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127k | €133k | €192k | €228k | €251k | ▲ 10.3% |
| Fixed assets21/28 | €82k | €116k | €134k | €129k | €142k | ▲ 10.3% |
| Tangible fixed assets22/27 | €79k | €113k | €131k | €126k | €139k | ▲ 10.5% |
| Plant, machinery and equipment23 | €11k | €8k | €6k | €15k | €15k | ▼ 3.3% |
| Furniture and vehicles24 | €2k | €1k | €34k | €26k | €18k | ▼ 29.9% |
| Other tangible fixed assets26 | €66k | €104k | €91k | €85k | €107k | ▲ 25.1% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €45k | €16k | €58k | €98k | €108k | ▲ 10.2% |
| Stocks and contracts in progress3 | - | - | - | €45k | €45k | = |
| Stocks30/36 | - | - | - | €45k | €45k | = |
| Amounts receivable within one year40/41 | €19k | €15k | €25k | €28k | €34k | ▲ 21.1% |
| Trade receivables40 | - | - | - | €30 | - | - |
| Other amounts receivable41 | €19k | €15k | €25k | €28k | €34k | ▲ 21.2% |
| Cash at bank and in hand54/58 | €27k | €2k | €33k | €24k | €29k | ▲ 19.6% |
| Deferred charges and accrued income490/1 | - | - | €471 | €669 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127k | €133k | €192k | €228k | €251k | ▲ 10.3% |
| Equity10/15 | €44k | €45k | €60k | €69k | €92k | ▲ 34.1% |
| Contributions10/11 | €6k | €6k | €19k | €19k | €19k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €32k | €33k | €35k | €45k | €68k | ▲ 52.6% |
| Amounts payable17/49 | €83k | €88k | €133k | €159k | €159k | ▼ 0.1% |
| Amounts payable within one year42/48 | €77k | €82k | €133k | €159k | €159k | ▼ 0.1% |
| Financial debts43 | - | €3k | - | - | - | - |
| Credit institutions430/8 | - | €3k | - | - | - | - |
| Trade debts44 | €47k | €55k | €53k | €68k | €59k | ▼ 13.2% |
| Suppliers440/4 | €47k | €55k | €53k | €68k | €59k | ▼ 13.2% |
| Taxes, remuneration and social security45 | €4k | €3k | €19k | €13k | €27k | ▲ 100% |
| Taxes450/3 | €56 | €1k | €10k | €13k | €22k | ▲ 64.1% |
| Remuneration and social security454/9 | €4k | €1k | €9k | - | €5k | - |
| Other amounts payable47/48 | €25k | €22k | €60k | €77k | €73k | ▼ 5.8% |
| Accrued charges and deferred income492/3 | €6k | €6k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €895 | €2k | €9k | €23k | ▲ 158% |
| + Depreciation and write-downs630 | €10k | €15k | €21k | €24k | €30k | ▲ 24.9% |
| Operating cash flow (approximation) | €15k | €16k | €23k | €33k | €53k | ▲ 61.9% |
| Investment in fixed assets (approximation) | - | €-49k | €-38k | €-19k | €-43k | ▼ 127% |
| Change in cash | - | €-25k | €31k | €-8k | €5k | ▲ 158% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €23k ▲158%
Operating result €34k, net result €23k, both a record.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Liège · 1 establishment unit since 2008
Ground area
97 m²
Building footprint
58 m²
Volume, LiDAR
867 m³
Parcel 62805B0313/00D005, Wallonia · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BALO
since 20082.171.865.236
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0313/00D005 | Wallonia | 97 m² | 1 · 58 m² | 16.0 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.171.865.236
Similar companies · same sector, comparable size
DARYAD
BE 0500.641.546
Mechelen · Eq €92,230
BASRA TRADING COMPANY
BE 0661.814.469
Anderlecht · Eq €92,226
Gus Foods
BE 0755.989.195
Dilbeek · Eq €92,242
V2V EXPRESS ONE
BE 0754.725.821
Hoeilaart · Eq €92,194
Bitlis
BE 0556.660.036
Brussel · Eq €92,150
Of 10,510 companies in sector 47110 we hold annual accounts for 5,851. 4,655 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
Founded27-05-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Scores and ratios are computed by Checked and are not a credit decision.