BALVER
ActiveSummary
The annual accounts of BALVER for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €9k and a net result of €-12k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 24% of 14128 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-19
Solvency28▼-3
Growth43▼-30
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.02 against 0.06 in 2024; short-term debt: 87.5% and cash: 1.8% of total assets), and 97.3% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2025Solvency, return and age of the figures
Solvency
2.7%
Return on assets
-3.7%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-12k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 24%
← 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 30-05-2026, 62 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
62 d early
2024
36 d early
2023
29 d late
2022
23 d late
2021
27 d early
2020
38 d early
2019
14 d early
← 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
History
Financials · fiscal year 2025, micro schema
Turnover
€20k▲ 5.5%
2019 · €19k
EBIT margin
37.5%▲ 16.8pp
2019 · 20.7%
Net result
€-12k▼ 427%
2024 · €-2k
Working capital
€-280k▼ 5.8%
2024 · €-265k
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
Line20212022202320242025
Turnover
Operating result€-3k€25k€-17k€-729▲ 95.6%€-10k▼ 1,276%
Net result€-5k€22k€-17k€-2k▲ 86.9%€-12k▼ 427%
EBIT margin
Equity€19k▼ 20.4%€40k▲ 115%€23k▼ 43.0%€21k▼ 9.9%€9k▼ 57.7%
Total assets€193k▼ 8.7%€261k▲ 35.4%€263k▲ 0.6%€350k▲ 33.2%€328k▼ 6.2%
Debt€151k▼ 8.2%€221k▲ 45.9%€239k▲ 8.6%€329k▲ 37.4%€319k▼ 3.0%
Working capital€-28k▼ 38.8%€-133k▼ 373%€-193k▼ 45.0%€-265k▼ 37.1%€-280k▼ 5.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €729 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328k
Fixed assets
€321k ▼ 3.7%
Current assets
€7k ▼ 57.3%
Equity and liabilities €328k
Equity
€9k ▼ 57.7%
Debt
€319k ▼ 3.0%
Debt's share of the balance-sheet total rises from 94.1% to 97.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €18k
Cash flow
€6k▼
2024 · €17k
Current ratio
0.02▼
2024 · 0.06
Debt to equity
36.36▲
2024 · 15.84
ROE
-136.6%▼
2024 · -11.0%
ROA
-3.7%▼
2024 · -0.7%
Interest coverage
4.18▼
2024 · 7.74
Debt ≤ 1 year
€287k▲
2024 · €281k
Debt > 1 year
€32k▼
2024 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €10k | €15k | €19k | €18k | ▼ 3.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | €-23k | - | - | - | - |
| Other operating charges640/8 | €573 | €818 | €777 | €1k | €1k | ▲ 16.9% |
| Gross operating margin9900 | €4k | €13k | €-781 | €19k | €9k | ▼ 50.9% |
| Operating profit (loss)9901 | €-3k | €25k | €-17k | €-729 | €-10k | ▼ 1,276% |
| Financial income75/76B | €0 | €0 | €37 | €806 | €12 | ▼ 98.5% |
| Recurring financial income75 | €0 | €0 | €37 | €9 | €12 | ▲ 33.3% |
| Non-recurring financial income76B | - | - | - | €797 | - | - |
| Financial charges65/66B | €1k | €1k | €799 | €2k | €2k | ▼ 16.2% |
| Recurring financial charges65 | €1k | €1k | €799 | €2k | €2k | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €-5k | €24k | €-17k | €-2k | €-12k | ▼ 427% |
| Income taxes67/77 | €0 | €2k | - | - | - | - |
| Profit (loss) for the period9904 | €-5k | €22k | €-17k | €-2k | €-12k | ▼ 427% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €22k | €-17k | €-2k | €-12k | ▼ 427% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €193k | €261k | €263k | €350k | €328k | ▼ 6.2% |
| Fixed assets21/28 | €127k | €221k | €252k | €334k | €321k | ▼ 3.7% |
| Tangible fixed assets22/27 | €127k | €221k | €252k | €334k | €321k | ▼ 3.7% |
| Land and buildings22 | €127k | €215k | €248k | €332k | €320k | ▼ 3.8% |
| Furniture and vehicles24 | €318 | €6k | €4k | €1k | €2k | ▲ 24.4% |
| Current assets29/58 | €65k | €40k | €10k | €16k | €7k | ▼ 57.3% |
| Amounts receivable within one year40/41 | €1k | €6k | €2k | €4k | €183 | ▼ 95.9% |
| Trade receivables40 | €0 | €4k | €2k | €4k | - | - |
| Other amounts receivable41 | €1k | €2k | €183 | €183 | €183 | = |
| Cash at bank and in hand54/58 | €64k | €33k | €8k | €11k | €6k | ▼ 47.0% |
| Deferred charges and accrued income490/1 | €177 | €362 | €129 | €845 | €937 | ▲ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €193k | €261k | €263k | €350k | €328k | ▼ 6.2% |
| Equity10/15 | €19k | €40k | €23k | €21k | €9k | ▼ 57.7% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | - | €20k | €20k | €20k | €20k | = |
| Distributable reserves133 | - | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-1k | €0 | €-17k | €-20k | €-32k | ▼ 61.0% |
| Provisions and deferred taxes16 | €23k | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | €23k | €0 | - | - | - | - |
| Major repairs and maintenance162 | €23k | €0 | - | - | - | - |
| Amounts payable17/49 | €151k | €221k | €239k | €329k | €319k | ▼ 3.0% |
| Amounts payable after more than one year17 | €57k | €46k | €36k | €48k | €32k | ▼ 33.0% |
| Financial debts170/4 | €57k | €46k | €36k | €48k | €32k | ▼ 33.0% |
| Amounts payable within one year42/48 | €93k | €173k | €204k | €281k | €287k | ▲ 2.2% |
| Current portion of amounts payable after more than one year42 | €10k | €10k | €11k | €16k | €17k | ▲ 2.7% |
| Trade debts44 | €1k | €2k | €840 | €8k | €43 | ▼ 99.4% |
| Suppliers440/4 | €1k | €2k | €840 | €3k | €43 | ▼ 98.4% |
| Bills of exchange payable441 | - | - | - | €5k | - | - |
| Taxes, remuneration and social security45 | €0 | €2k | €3k | €1k | €779 | ▼ 22.8% |
| Taxes450/3 | €0 | €2k | €3k | €1k | €779 | ▼ 22.8% |
| Other amounts payable47/48 | €82k | €159k | €189k | €256k | €270k | ▲ 5.2% |
| Accrued charges and deferred income492/3 | €950 | €950 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €22k | €-17k | €-2k | €-12k | ▼ 427% |
| + Depreciation and write-downs630 | €7k | €10k | €15k | €19k | €18k | ▼ 3.4% |
| Operating cash flow (approximation) | €2k | €32k | €-2k | €17k | €6k | ▼ 62.2% |
| Investment in fixed assets (approximation) | - | €-104k | €-46k | €-100k | €-6k | ▲ 94.2% |
| Change in cash | - | €-30k | €-25k | €3k | €-5k | ▼ 289% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Silly · 1 establishment unit since 2018
Ground area
957 m²
Building footprint
129 m²
Volume, LiDAR
757 m³
Parcel 55021A0095/00C000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Moulin(Hoves) 42, 7830 Silly
since 20182.275.626.037
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55021A0095/00C000 | Wallonia | 957 m² | 1 · 129 m² | 8.1 m · 2 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 12,041 companies in sector 68203 we hold annual accounts for 5,989. 1,392 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
Founded31-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
46180Agents specialised in the wholesale of other particular products
85510Sports and recreation education
Scores and ratios are computed by Checked and are not a credit decision.