BALS

Active

Private limited companyfounded 2007active for 19 yearsVerenigingstraat 28, 8400 Oostende, BelgiumKBO/BCE: BE 0890.009.543

Summary

The computed 12-month bankruptcy probability of BALS is 7.3% (elevated). For BALS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €342,195 and a net result of €235,559. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 22% of 7,292 sector peers (NACE 43, financial year 2023). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.

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BALSActive

Risk analysis Report Compare

Activity

General electrical installation work

NACE 43211

1 site

Size

€1.6mtotal assets 2023

Staff: 3.1 FTE
Equity: €342,195
Profit: €235,559

Turnover not published (abbreviated format)

Financial health

Bankruptcy probabilitywithin 12 months: 7.3%

2023 figures too old to score

Structure

Largest shareholder: OSCAR ALFA · 50%

OSCAR ALFADirector · permanent representative BALS Olivier Ghislain Marc
VINZDirector · permanent representative BALS Vincent Karel Paul

2024 accounts not filed, 451 days past the deadline1 of 5 deeds summarised

Signalsraises riskFigures for financial year 2023 (filed 20-11-2024)2 financial years not filed after the legal deadline; last filed accounts filed 111 days late; 2 of the last 3 lateTwo or more financial years not filed2023 accounts filed 111 days latelowers riskFounded in 2007Size: 3.1 FTE, total assets €1.6mShow the evidence

Bankruptcy probability

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: At least two filing cycles are missing

Financial strength, FY 2023 · tick = 2022

Average

Solvency 47-5

equity 21.8% of total assets

Liquidity 14-9

short-term debt 77.0% · cash 4.8%

Profitability 88-12

return on assets 15.0%

Bankruptcy probability, 12 months

7.3% Elevated

0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,621 companies, NACE 43, micro)

Last 24 months 11-2024: 3.5% 12-2024: 1.1%▼ -2.4 percentage points vs 11-2024 01-2025: 1.1%● unchanged vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.0%▼ -0.1 percentage points vs 04-2025lowest value 06-2025: 1.2%▲ +0.2 percentage points vs 05-2025 07-2025: 1.4%▲ +0.2 percentage points vs 06-2025 08-2025: 2.0%▲ +0.6 percentage points vs 07-2025 09-2025: 2.4%▲ +0.4 percentage points vs 08-2025 10-2025: 2.8%▲ +0.4 percentage points vs 09-2025 11-2025: 2.8%● unchanged vs 10-2025 12-2025: 3.1%▲ +0.3 percentage points vs 11-2025 01-2026: 5.9%▲ +2.8 percentage points vs 12-2025 02-2026: 5.9%● unchanged vs 01-2026 03-2026: 5.9%● unchanged vs 02-2026 04-2026: 5.5%▼ -0.4 percentage points vs 03-2026 05-2026: 5.5%● unchanged vs 04-2026 06-2026: 5.5%● unchanged vs 05-2026 07-2026: 5.5%● unchanged vs 06-2026 08-2026: 7.3%▲ +1.8 percentage points vs 07-2026highest value 09-2026: 7.3%● unchanged vs 08-2026highest value 10-2026: 7.3%● unchanged vs 09-2026highest value

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Signals

Six signals.

lowers riskraises risk

Figures for financial year 2023 (filed 20-11-2024)

NBB · annual accounts

2 financial years not filed after the legal deadline; last filed accounts filed 111 days late; 2 of the last 3 late

NBB · filings

Founded in 2007

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: 3.1 FTE, total assets €1.6m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2024 year end31-07-2025 deadline25-10-2026 today

2023 accounts filed 111 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 19-11-2024, 111 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

111 days late

2022

206 days late

2021

22 days late

2020

20 days late

2019

67 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 85 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

19-11-2024 Annual accounts filedfinancial year 2023 · abbreviated…
22-02-2024 Annual accounts filedfinancial year 2022 · abbreviated…
20-12-2023 Resignations: OSCAR ALFA (manager) and VINZ…Appointments: OSCAR ALFA (director) and…

Key points

Risk: 2024 accounts not fileddeadline was 31-07-2025 451 days past the deadline View
Positive: Among the best 14% on net resultsector median €45,943 · 7,290 companies €235,559 View
Caution: Result fell in 2023from €436,966 to €235,559 ▼ 46.1% View

By topic

Financials

Financial year: 2023
Total assets: €1.6m
Profit: €235,559
Solvency: 21.8%

Total assets▲ 50.5%

Net result

20182023

Go to Financials

Board & ownership

Board: 2 members
Largest shareholder: OSCAR ALFA · 50%

OSCAR ALFADirector
VINZDirector

Go to Board & ownership

Network & group

Connected companies: 3

Go to Network & group

Timeline

Events: 22
Since: 2009

31-12-2022Highest result from 2018 to 2023
31-12-2022Equity above €200,000
22-08-2022Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General electrical installation workNACE 43211
Founded: 09-06-2007
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 27

Who signs: Each director alone
Annual meeting: Third Thursday of April at 18:00

Go to Articles of association

Key facts about BALS

What is the company number of BALS?: 0890.009.543. In Belgium the VAT number is the company number with BE in front: BE 0890.009.543.
Where is BALS based?: The registered office is at Verenigingstraat 28, 8400 Oostende.Company details
What does BALS do?: According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of BALS?: Private limited company (BV).
When was BALS founded?: On 09-06-2007.
Is BALS still active?: Yes, BALS is an active enterprise in the KBO register.
How many employees does BALS have?: On average 3.1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of BALS?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BALS profitable?: In financial year 2023, BALS made a profit of €235,559.
Where can I find the annual accounts of BALS?: BALS filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2023.