BALVAN
ActiveSummary
BALVAN has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €295,346 and a net result of €19,656. Equity is growing by about 5.7% per year across the filed financial years. Its solvency ranks better than 33% of 39,152 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
Activities of head offices
NACE 70100
1 site
Size
€867,328total assets 2025
- Equity
- €295,346
- Profit
- €19,656
Turnover not published (micro format)
Why 92raises riskLiquidity: current ratio 0.23, cash €34,335lowers riskSize: total assets €867,328Figures for financial year 2025 (filed 06-03-2026)Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Score 2025
92
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 33% of its sector peers (NACE 70, micro)
Financial strength · tick = 2024
Average
Solvency
59+1
equity 34.1% of total assets
Liquidity
41+4
short-term debt 32.4% · cash 4.0%
Profitability
56+1
return on assets 2.3%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025highest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: < 0.1%▼ -0.1 percentage points vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.23, compared with 0.14 in 2024, below 1; short-term debt: 32.4% and cash: 4% of total assets), and 65.9% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 33% on solvency, 21% on liquidity, 26% on profitability and 54% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises riskneutral
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 02-03-2026, 151 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
151 days early
2024
157 days early
2023
120 days early
2022
139 days early
2021
87 days early
2020
148 days early
2019
141 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 135 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€867,328▲ 5.1%
2024 · €824,872
Net result
€19,656▲ 9.0%
2024 · €18,033
Working capital
-€217,510▲ 11.0%
2024 · -€244,479
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€51,985
2025
Net result€19,656
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€867,328
2025
Equity€295,346
2025
Debt€553,387
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€217,510
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.23
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0-
Operating result€135,564--€14,011€10,561€59,290▲ 461%€37,674▼ 36.5%€24,446▼ 35.1%€49,540▲ 103%€51,985▲ 4.9%
Net result€99,448--€23,266-€5,792below the sector's middle half▲ 75.1%€38,185within the sector's middle half€17,513within the sector's middle half▼ 54.1%€3,610within the sector's middle half▼ 79.4%€18,033within the sector's middle half▲ 400%€19,656within the sector's middle half▲ 9.0%
Equity€228,207-€204,941▼ 10.2%€199,150within the sector's middle half▼ 2.8%€237,335within the sector's middle half▲ 19.2%€254,048above the sector's middle half▲ 7.0%€257,658above the sector's middle half▲ 1.4%€275,691above the sector's middle half▲ 7.0%€295,346above the sector's middle half▲ 7.1%
Total assets€597,039-€989,272▲ 65.7%€972,105above the sector's middle half▼ 1.7%€963,822above the sector's middle half▼ 0.9%€913,204above the sector's middle half▼ 5.3%€857,852above the sector's middle half▼ 6.1%€824,872above the sector's middle half▼ 3.8%€867,328above the sector's middle half▲ 5.1%
Debt€340,227-€757,155▲ 123%€747,210▼ 1.3%€702,172▼ 6.0%€636,272▼ 9.4%€578,740▼ 9.0%€529,157▼ 8.6%€553,387▲ 4.6%
Working capital-€13,681--€95,684▼ 599%-€225,889below the sector's middle half▼ 136%-€229,423below the sector's middle half▼ 1.6%-€241,242below the sector's middle half▼ 5.2%-€260,726below the sector's middle half▼ 8.1%-€244,479below the sector's middle half▲ 6.2%-€217,510below the sector's middle half▲ 11.0%
Solvency38.2%-20.7%▼ 17.5pp20.5%below the sector's middle half▼ 0.2pp24.6%below the sector's middle half▲ 4.1pp27.8%within the sector's middle half▲ 3.2pp30.0%within the sector's middle half▲ 2.2pp33.4%within the sector's middle half▲ 3.4pp34.1%within the sector's middle half▲ 0.6pp
Current ratio0.77-0.71▼ 0.060.27below the sector's middle half▼ 0.440.20below the sector's middle half▼ 0.060.15below the sector's middle half▼ 0.050.10below the sector's middle half▼ 0.050.14below the sector's middle half▲ 0.040.23below the sector's middle half▲ 0.09
Return on assets (ROA)16.7%--2.4%▼ 19.0pp-0.6%below the sector's middle half▲ 1.8pp4.0%within the sector's middle half▲ 4.6pp1.9%within the sector's middle half▼ 2.0pp0.4%below the sector's middle half▼ 1.5pp2.2%within the sector's middle half▲ 1.8pp2.3%below the sector's middle half▲ 0.1pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €867,328
Fixed assets
€803,707 ▲ 2.2%
Current assets
€63,621 ▲ 64.0%
Equity and liabilities €867,328
Equity
€295,346 ▲ 7.1%
Provisions
€18,594 ▼ 7.1%
Debt
€553,387 ▲ 4.6%
Debt's share of the balance-sheet total falls from 64.2% to 63.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89,464▼
2024 · €91,729
Cash flow
€57,134▼
2024 · €60,222
Debt to equity
1.87▼
2024 · 1.92
ROE
6.7%▲
2024 · 6.5%
Interest coverage
4.19▲
2024 · 4.02
Debt ≤ 1 year
€281,131▼
2024 · €283,275
Debt > 1 year
€253,990▲
2024 · €242,882
Income taxes
€12,440▲
2024 · €10,123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.9% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
95.9%
still going
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0 | - | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €15,124 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,237 | €77,091 | €70,969 | €38,475 | €42,999 | €42,189 | €42,189 | €37,479 | ▼ 11.2% |
| Other operating charges640/8 | - | - | - | €8,535 | €6,577 | €4,720 | €5,811 | €4,289 | ▼ 26.2% |
| Gross operating margin9900 | €162,410 | €65,493 | €84,663 | €106,301 | €87,250 | €71,355 | €97,540 | €93,752 | ▼ 3.9% |
| Operating profit (loss)9901 | €135,564 | -€14,011 | €10,561 | €59,290 | €37,674 | €24,446 | €49,540 | €51,985 | ▲ 4.9% |
| Financial income75/76B | - | - | - | €14 | €20 | €15 | €0 | €36 | - |
| Recurring financial income75 | €2 | €80 | €17 | €14 | €20 | €15 | €0 | €36 | - |
| Financial charges65/66B | - | - | - | €16,653 | €15,057 | €18,346 | €22,814 | €21,355 | ▼ 6.4% |
| Recurring financial charges65 | €7,317 | €10,570 | €17,621 | €16,653 | €15,057 | €18,346 | €22,814 | €21,355 | ▼ 6.4% |
| Profit (loss) for the period before taxes9903 | €128,249 | -€24,501 | -€7,043 | €42,651 | €22,637 | €6,115 | €26,726 | €30,666 | ▲ 14.7% |
| Transfer from deferred taxes780 | - | - | - | €1,430 | €1,430 | €1,430 | €1,430 | €1,430 | = |
| Income taxes67/77 | €195 | €195 | €179 | €5,896 | €6,554 | €3,935 | €10,123 | €12,440 | ▲ 22.9% |
| Profit (loss) for the period9904 | €99,448 | -€23,266 | -€5,792 | €38,185 | €17,513 | €3,610 | €18,033 | €19,656 | ▲ 9.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €4,291 | €4,291 | €4,291 | €4,291 | €4,291 | = |
| Profit (loss) for the period to be appropriated9905 | €13,631 | -€18,975 | -€1,501 | €42,476 | €21,804 | €7,901 | €22,324 | €23,946 | ▲ 7.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €597,039 | €989,272 | €972,105 | €963,822 | €913,204 | €857,852 | €824,872 | €867,328 | ▲ 5.1% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €550,330 | €756,181 | €890,558 | €904,674 | €870,455 | €828,265 | €786,076 | €803,707 | ▲ 2.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €550,270 | €755,621 | €890,498 | €904,614 | €870,395 | €828,205 | €786,016 | €803,647 | ▲ 2.2% |
| Land and buildings22 | - | - | - | €844,349 | €820,062 | €792,995 | €765,928 | €738,861 | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | - | €8,845 | €7,795 | €4,821 | €1,847 | €567 | ▼ 69.3% |
| Furniture and vehicles24 | - | - | - | €51,419 | €42,538 | €30,390 | €18,241 | €64,220 | ▲ 252% |
| Financial fixed assets28 | €60 | €560 | €60 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €46,709 | €233,091 | €81,547 | €59,148 | €42,749 | €29,587 | €38,796 | €63,621 | ▲ 64.0% |
| Amounts receivable after more than one year29 | - | - | - | €3,055 | €0 | - | €5,000 | €12,000 | ▲ 140% |
| Other amounts receivable291 | - | - | - | €3,055 | €0 | - | €5,000 | €12,000 | ▲ 140% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €26,178 | €19,899 | €13,777 | €13,589 | €16,815 | €24,489 | €17,726 | €17,286 | ▼ 2.5% |
| Trade receivables40 | - | - | - | €13,589 | €13,369 | €14,978 | €17,726 | €17,286 | ▼ 2.5% |
| Other amounts receivable41 | - | - | - | - | €3,446 | €9,511 | €0 | - | - |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €11,840 | €201,739 | €28,604 | €41,639 | €25,086 | €4,217 | €15,207 | €34,335 | ▲ 126% |
| Deferred charges and accrued income490/1 | - | - | - | €864 | €848 | €881 | €863 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €597,039 | €989,272 | €972,105 | €963,822 | €913,204 | €857,852 | €824,872 | €867,328 | ▲ 5.1% |
| Equity10/15 | €228,207 | €204,941 | €199,150 | €237,335 | €254,048 | €257,658 | €275,691 | €295,346 | ▲ 7.1% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €222,007 | €198,741 | €192,950 | €231,135 | €247,848 | €251,458 | €269,491 | €289,146 | ▲ 7.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €72,945 | €68,654 | €64,363 | €60,072 | €55,782 | ▼ 7.1% |
| Distributable reserves133 | - | - | - | €156,330 | €177,334 | €187,095 | €209,418 | €233,365 | ▲ 11.4% |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | €28,606 | €27,176 | €25,745 | €24,315 | €22,885 | €21,454 | €20,024 | €18,594 | ▼ 7.1% |
| Deferred taxes168 | - | - | - | €24,315 | €22,885 | €21,454 | €20,024 | €18,594 | ▼ 7.1% |
| Amounts payable17/49 | €340,227 | €757,155 | €747,210 | €702,172 | €636,272 | €578,740 | €529,157 | €553,387 | ▲ 4.6% |
| Amounts payable after more than one year17 | €278,837 | €427,380 | €438,774 | €410,602 | €348,181 | €285,428 | €242,882 | €253,990 | ▲ 4.6% |
| Financial debts170/4 | - | - | - | €410,602 | €348,181 | €285,428 | €242,882 | €253,990 | ▲ 4.6% |
| Amounts payable within one year42/48 | €60,390 | €328,775 | €307,436 | €288,571 | €283,991 | €290,313 | €283,275 | €281,131 | ▼ 0.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €62,089 | €62,422 | €62,753 | €42,545 | €49,840 | ▲ 17.1% |
| Trade debts44 | €1,004 | €20,510 | €2,730 | €1,055 | €1,902 | €2,685 | €6,313 | €2,339 | ▼ 62.9% |
| Suppliers440/4 | - | - | - | €1,055 | €1,902 | €2,685 | €6,313 | €2,339 | ▼ 62.9% |
| Taxes, remuneration and social security45 | - | - | - | €9,012 | €6,447 | €3,806 | €6,094 | €11,172 | ▲ 83.3% |
| Taxes450/3 | - | - | - | €9,012 | €3,897 | €3,806 | €6,094 | €11,172 | ▲ 83.3% |
| Remuneration and social security454/9 | - | - | - | - | €2,550 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €216,415 | €213,219 | €221,069 | €228,323 | €217,780 | ▼ 4.6% |
| Accrued charges and deferred income492/3 | - | - | - | €3,000 | €4,100 | €3,000 | €3,000 | €18,266 | ▲ 509% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,448 | -€23,266 | -€5,792 | €38,185 | €17,513 | €3,610 | €18,033 | €19,656 | ▲ 9.0% |
| + Depreciation and write-downs630 | €24,237 | €77,091 | €70,969 | €38,475 | €42,999 | €42,189 | €42,189 | €37,479 | ▼ 11.2% |
| Operating cash flow (approximation) | €123,685 | €53,826 | €65,177 | €76,660 | €60,512 | €45,799 | €60,222 | €57,134 | ▼ 5.1% |
| Investment in fixed assets (approximation) | - | -€282,943 | -€205,346 | -€52,591 | -€8,780 | €0 | €0 | -€55,110 | - |
| Change in cash | - | €189,899 | -€173,135 | €13,035 | -€16,553 | -€20,869 | €10,991 | €19,128 | ▲ 74.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-03-2026 | 2026-00049941 |
| 31-12-2024 | micro format | 24-02-2025 | 2025-00039212 |
| 31-12-2023 | micro format | 02-04-2024 | 2024-00055094 |
| 31-12-2022 | micro format | 14-03-2023 | 2023-00039269 |
| 31-12-2021 | micro format | 05-05-2022 | 2022-20023148 |
| 31-12-2020 | micro format | 05-03-2021 | 2021-07000043 |
| 31-12-2019 | micro format | 12-03-2020 | 2020-06500369 |
| 31-12-2018 | micro format | 19-02-2019 | 2019-05400244 |
| 31-12-2017 | micro format | 09-03-2018 | 2018-06600537 |
| 31-12-2016 | abbreviated format | 09-03-2017 | 2017-06100250 |
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Of the 5,754 active companies whose main activity is activities of head offices (NACE 70100), figures are known for 3,677. 2,436 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2023
Frank Balcaen
CurrentStatutory director
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2023, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Frank Balcaen |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
02-03
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
24-02
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
02-04
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
25-04
Gazette deed
Resignation: Frank Balcaen (statutory manager)Reappointment: Frank Balcaen (statutory director) · Capital conversion · Reserve release12 facts ▸
Gazette deed
Resignation: Frank Balcaen (statutory manager)
Reappointment: Frank Balcaen (statutory director) · Capital conversion · Reserve release12 facts ▸
- General meeting, 19-04-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm Besloten Vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, statutair onbeschikbare eigen vermogensrekening opheffen en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Other provision, “verslag bestuurder betreffende liquiditeits- en solvabiliteitstoets, vrijstelling volstorting nog niet gestort deel voormalig kapitaal” (deed in Dutch)
- Registered office clause, “adres bevestigen en behouden doch buiten statuten plaatsen, Vlaams Gewest” (deed in Dutch)
- Director resignation, Frank Balcaen (statutory manager)
- Director reappointment, Frank Balcaen (statutory director)
- Director discharge, Frank Balcaen
- Amendment of the articles
- Capital
- Power of attorney
14-03
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
05-05
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Back to profitnet €38,185
Net result €38,185 after 2 loss-making years.
31-12
Financial
Equity above €200,000equity €237,335 ▲19.2%
Equity rises from €199,150 to €237,335.
05-03
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
12-03
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial
Weakest financial yearnet -€23,266
Net result drops to -€23,266, the lowest in the series; recovery starts the following year.
19-02
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
09-03
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
09-03
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 17 annual accounts filed, the latest 10 are here; all 17 are under Financials.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded15-09-2008
Financial year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806352882
Also
9925:BE0806352882
Registered
02-11-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
1 application in Flanders since 2018 · 1 granted
Bouwen of herbouwen
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Pittem · 1 establishment unit since 2008
Ground area
1,363 m²
Building footprint
210 m²
Building volume
103 m³
Parcel 37011A1275/00S002, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
1 establishment unit
BALVAN
since 2008unit no. 2.173.017.457
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37011A1275/00S002 | Flanders | 1,363 m² | 1 · 210 m² | 5.5 m |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle financiële en beheersverrichtingen met betrekking tot eigen roerend vermogen en met betrekking tot onroerend vermogen,onder…” (deed in Dutch)
9 activities (deed in Dutch)
- Alle financiële en beheersverrichtingen met betrekking tot eigen roerend vermogen en met betrekking tot onroerend vermogen,onder meer,krediet en financiering,belegging van eigen roerend vermogen en van onroerend vermogen,het nemen van participaties in nieuwe en bestaande vennootschappen beheren van eigen roerend en van onroerend vermogen,hypothecaire en andere borgstelling,commissie- en delcredereverrichtingen,voor zover dit alles wettelijk is toegelaten.
- Het stellen van persoonlijke of zakelijke borgen in het voordeel van derden.
- Het verwerven en huren met het oog op het verhuren en onderverhuren van onroerende goederen en eigen roerende installaties.
- Het optreden als bestuurder of vereffenaar in andere vennootschappen.
- Een patrimonium bestaande uit eigen roerende en onroerende goederen te verwerven,te behouden,in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden. Binnen dit kader mag de vennootschap overgaan tot het aankopen,verkopen,bouwen,verbouwen,uitrusten,opschikken,herstellen,valoriseren,verhuren,onderverhuren of in pand nemen,maar ook eventueel verkopen van alle onroerende goederen,al dan niet gemeubeld.
- Elke dienstverlening op het gebied van management,het beheer en het bestuur van en alle adviesverlening aan bedrijven,personen en vennootschappen.
- Het aanleren van managementtechnieken,het geven van commerciële en managementtrainingen,het organiseren van cursussen en seminaries op het gebied van management.
- Het optreden als commissionair,tussenpersoon,zowel voor eigen rekening als voor rekening van derden bij alle commerciële activiteiten.
- Het nemen van participaties onder welke vorm ook,in alle bestaande en op te richten vennootschappen en ondernemingen,het beheren en valoriseren van eigen roerende waarden en participaties,het verlenen van financiële en andere bijstand aan de vennootschappen en ondernemingen waarin ze belangen heeft.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BALVAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, adres kan worden overgebracht naar om het even welke plaats in tweetalig gebied Brussel Hoofdstad of in Nederlands taalgebied…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of June at 10:00