Summary
BASALT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.5m and a net result of €388,046. Equity is growing by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 5558 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 19-05-2026, 73 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
73 d early
2024
71 d late
2023
47 d late
2022
2 d late
2021
31 d late
2020
31 d late
2019
23 d 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 12 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by total assets in Stabroek, Finance and insurance sector#9 oldest company in Stabroek, Finance and insurance sector
Equity
€1.5m▼ 6.9%
2024 · €1.6m
Net result
€388,046▼ 13.2%
2024 · €447,053
Total assets
€3.9m▲ 23.4%
2024 · €3.1m
Solvency
39.2%▼ 12.7pp
2024 · 51.9%
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
Operating result€304,177▲ 114%€281,918▼ 7.3%€415,033▲ 47.2%€595,534▲ 43.5%€505,100▼ 15.2%
Net result€243,042▲ 109%€214,027▼ 11.9%€300,993▲ 40.6%€447,053▲ 48.5%€388,046▼ 13.2%
Equity€671,807▲ 59.0%€885,834▲ 31.9%€1.2m▲ 34.0%€1.6m▲ 37.7%€1.5m▼ 6.9%
Total assets€1.6m▲ 77.3%€1.9m▲ 18.9%€2.8m▲ 46.0%€3.1m▲ 12.0%€3.9m▲ 23.4%
Debt€948,151▲ 93.0%€1.0m▲ 9.7%€1.6m▲ 56.2%€1.5m▼ 6.8%€2.4m▲ 56.0%
Working capital€528,263▲ 75.0%€641,488▲ 21.4%€761,892▲ 18.8%€1.2m▲ 60.2%€1.1m▼ 9.5%
Solvency41.5%▼ 4.8pp46.0%▲ 4.5pp42.2%▼ 3.8pp51.9%▲ 9.7pp39.2%▼ 12.7pp
Staff (FTE)1.1=2.8▲ 155%3.6▲ 28.6%2.4▼ 33.3%2▼ 16.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€736,449 ▼ 5.1%
Current assets
€3.1m ▲ 32.7%
Equity and liabilities €3.9m
Equity
€1.5m ▼ 6.9%
Debt
€2.4m ▲ 56.0%
Debt's share of the balance-sheet total rises from 48.1% to 60.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
25.5%▼
2024 · 27.4%
ROA
10.0%▼
2024 · 14.2%
Debt ≤ 1 year
€2.0m▲
2024 · €1.2m
Debt > 1 year
€318,828▼
2024 · €361,211
Income taxes
€128,680▼
2024 · €146,873
Staff costs
€154,163▼
2024 · €169,640
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,218 | - | - |
| Remuneration, social security and pensions62 | €44,589 | €149,445 | €197,909 | €169,640 | €154,163 | ▼ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,460 | €15,726 | €37,982 | €50,615 | €49,112 | ▼ 3.0% |
| Other operating charges640/8 | €1,149 | €2,496 | €3,643 | €16,135 | €9,097 | ▼ 43.6% |
| Gross operating margin9900 | €361,376 | €449,585 | €654,566 | €831,924 | €717,472 | ▼ 13.8% |
| Operating profit (loss)9901 | €304,177 | €281,918 | €415,033 | €595,534 | €505,100 | ▼ 15.2% |
| Financial income75/76B | €19,429 | €4,902 | €10,324 | €13,740 | €24,654 | ▲ 79.4% |
| Recurring financial income75 | €9,632 | €3,402 | €7,309 | €13,490 | €23,093 | ▲ 71.2% |
| Non-recurring financial income76B | €9,797 | €1,500 | €3,016 | €250 | €1,561 | ▲ 524% |
| Financial charges65/66B | €3,387 | €5,213 | €25,675 | €15,348 | €13,028 | ▼ 15.1% |
| Recurring financial charges65 | €3,387 | €5,213 | €10,195 | €14,998 | €13,028 | ▼ 13.1% |
| Non-recurring financial charges66B | - | - | €15,480 | €350 | - | - |
| Profit (loss) for the period before taxes9903 | €320,219 | €281,607 | €399,682 | €593,926 | €516,726 | ▼ 13.0% |
| Income taxes67/77 | €77,178 | €67,580 | €98,688 | €146,873 | €128,680 | ▼ 12.4% |
| Profit (loss) for the period9904 | €243,042 | €214,027 | €300,993 | €447,053 | €388,046 | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €243,042 | €214,027 | €300,993 | €447,053 | €388,046 | ▼ 13.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.9m | €2.8m | €3.1m | €3.9m | ▲ 23.4% |
| Fixed assets21/28 | €280,265 | €480,007 | €827,310 | €776,030 | €736,449 | ▼ 5.1% |
| Tangible fixed assets22/27 | €237,048 | €459,640 | €809,011 | €758,396 | €709,284 | ▼ 6.5% |
| Land and buildings22 | €217,812 | €420,920 | €723,463 | €696,360 | €669,258 | ▼ 3.9% |
| Furniture and vehicles24 | €5,300 | €26,486 | €85,549 | €62,036 | €40,026 | ▼ 35.5% |
| Other tangible fixed assets26 | €13,937 | €12,233 | - | - | - | - |
| Financial fixed assets28 | €43,217 | €20,367 | €18,299 | €17,634 | €27,165 | ▲ 54.1% |
| Current assets29/58 | €1.3m | €1.4m | €2.0m | €2.4m | €3.1m | ▲ 32.7% |
| Stocks and contracts in progress3 | €387,120 | €574,069 | €296,616 | €255,511 | €596,404 | ▲ 133% |
| Contracts in progress37 | €387,120 | €574,069 | €296,616 | €255,511 | €596,404 | ▲ 133% |
| Amounts receivable within one year40/41 | €506,289 | €711,520 | €1.6m | €2.0m | €2.2m | ▲ 10.0% |
| Trade receivables40 | €503,245 | €504,240 | €1.3m | €1.7m | €1.3m | ▼ 23.2% |
| Other amounts receivable41 | €3,044 | €207,280 | €265,805 | €286,172 | €887,871 | ▲ 210% |
| Cash at bank and in hand54/58 | €434,340 | €160,074 | €116,094 | €104,567 | €337,305 | ▲ 223% |
| Deferred charges and accrued income490/1 | €11,945 | €300 | €97 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.9m | €2.8m | €3.1m | €3.9m | ▲ 23.4% |
| Equity10/15 | €671,807 | €885,834 | €1.2m | €1.6m | €1.5m | ▼ 6.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €653,207 | €867,234 | €1.2m | €1.6m | €1.5m | ▼ 6.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €651,347 | €865,374 | €1.2m | €1.6m | €1.5m | ▼ 6.9% |
| Amounts payable17/49 | €948,151 | €1.0m | €1.6m | €1.5m | €2.4m | ▲ 56.0% |
| Amounts payable after more than one year17 | €130,698 | €228,027 | €402,375 | €361,211 | €318,828 | ▼ 11.7% |
| Financial debts170/4 | €130,698 | €228,027 | €398,975 | €357,811 | €315,428 | ▼ 11.8% |
| Other amounts payable178/9 | - | - | €3,400 | €3,400 | €3,400 | = |
| Amounts payable within one year42/48 | €811,430 | €804,475 | €1.2m | €1.2m | €2.0m | ▲ 77.5% |
| Current portion of amounts payable after more than one year42 | €9,322 | €27,267 | €39,950 | €41,164 | €42,384 | ▲ 3.0% |
| Financial debts43 | €46,734 | €13,378 | €20,259 | €20,284 | €20,187 | ▼ 0.5% |
| Other loans439 | €46,734 | €13,378 | €20,259 | €20,284 | €20,187 | ▼ 0.5% |
| Trade debts44 | €10,674 | €22,528 | €119,125 | €202,429 | €81,364 | ▼ 59.8% |
| Suppliers440/4 | €10,674 | €22,528 | €119,125 | €202,429 | €81,364 | ▼ 59.8% |
| Advances received on contracts in progress46 | €427,867 | €493,216 | €418,056 | €212,895 | €451,072 | ▲ 112% |
| Taxes, remuneration and social security45 | €22,545 | €6,295 | €45,716 | €58,471 | €120,746 | ▲ 107% |
| Taxes450/3 | €18,536 | - | €38,688 | €46,873 | €108,510 | ▲ 131% |
| Remuneration and social security454/9 | €4,009 | €6,295 | €7,027 | €11,598 | €12,236 | ▲ 5.5% |
| Other amounts payable47/48 | €294,288 | €241,792 | €579,412 | €616,105 | €1.3m | ▲ 115% |
| Accrued charges and deferred income492/3 | €6,022 | €7,634 | - | €1,774 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €243,042 | €214,027 | €300,993 | €447,053 | €388,046 | ▼ 13.2% |
| + Depreciation and write-downs630 | €11,460 | €15,726 | €37,982 | €50,615 | €49,112 | ▼ 3.0% |
| Operating cash flow (approximation) | €254,502 | €229,753 | €338,975 | €497,668 | €437,158 | ▼ 12.2% |
| Investment in fixed assets (approximation) | - | -€215,468 | -€385,285 | €665 | -€9,531 | ▼ 1,533% |
| Change in cash | - | -€274,265 | -€43,981 | -€11,527 | €232,738 | ▲ 2,119% |
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
15-07
State Gazette act
Capital & shares · RestructuringAppointment: VCLJ Bedrijfsrevisoren BV (statutory auditor) · Demerger · Share issue12 facts ▸
State Gazette act
Capital & shares · Restructuring
Appointment: VCLJ Bedrijfsrevisoren BV (statutory auditor) · Demerger · Share issue12 facts ▸
- Demerger, Een deel van het vermogen van BASALT (Bedrijfsvastgoed) wordt overgenomen door ROSALIE.
- Share issue, 3241, vergoeding voor inbreng van afgesplitst vermogen
- Accounting effect, 01-01-2026
- Net-asset statement, 31-12-2025
- Real estate, Bedrijvencomplex Leo Baekelandstraat 6+ (KapelLEN), sectie H 0596B2P0000, 3.580 m², omvat KMO Unit 7, P10, P11. Hypotheek KBC €25.000 + volmacht €125.000.
- Real estate, Bedrijvencomplex "Park Baekeland" Leo Baekelandstraat 6 (KapelLEN), sectie H 0596B2P0000, 3.570 m², omvat KMO Unit 6, P4, P5. Hypotheek KBC €25.000 + volmacht €…
- Real estate, Gebouw op en met grond Lieven Gevaertstraat (KapelLEN), Lot B, sectie B 614AP0000, 6.486,8 m², omvat KMO Unit 3, P12, P22. Hypotheek KBC €25.000 + volmacht €175…
- Power of attorney, EMENDO BV
- Power of attorney, EMENDO BV
- Auditor appointment, VCLJ Bedrijfsrevisoren BV
- Cash consideration, Geen oplegsom toegekend
- Cost sharing, De te betalen kosten en lasten van de partiële splitsing van BASALT BV zullen gedragen worden door beide vennootschappen elk voor de helft, behoudens latere afw…
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 71 days late
2024
31-12
Financial
Highest result since 2018net €447,053 ▲48.5%
Operating result €595,534, net result €447,053, both a record.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 47 days late
2023
31-12
Financial
Equity above €1mEq €1.2m ▲34%
6 profitable years in a row build equity to €1.2m.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Equity above €500,000Eq €671,807 ▲59%
4 profitable years in a row build equity to €671,807.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €306,290 ▲72.3%
2 profitable years in a row build equity to €306,290.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Stabroek · 1 establishment unit since 2016
Ground area
2,010 m²
Building footprint
116 m²
Volume, LiDAR
336 m³
Parcel 11044E0218/00N002, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BASALT
since 20162.259.494.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044E0218/00N002 | Flanders | 2,010 m² | 1 · 116 m² | 6.1 m · 1 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.
Articles of association
Purpose
De vennootschap heeft tot voorwerp zowel voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland: managementvennootschap; de handel onder al zijn…
Full purpose
De vennootschap heeft tot voorwerp zowel voor eigen rekening als voor rekening van derden, zowel in België als in het buitenland: managementvennootschap; de handel onder al zijn vormen... [volledig voorwerp zoals beschreven in de akte]
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:ROSALIE
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,440 EUR awarded · 1,470 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 288 EUR |
| 2024 | 1 | 720 EUR | 384 EUR |
| 2023 | 1 | 0 EUR | 654 EUR |
| 2022 | 1 | 720 EUR | 144 EUR |
Recognitions · licences · registrations
Recognised contractor
15 categoriesBASALT BV37348
Similar companies · same sector, comparable size
LUXIM
BE 0863.549.032
Antwerpen · Eq €1,521,763
LAWN Invest
BE 0836.865.619
Waasmunster · Eq €1,521,533
I&F CONCEPT
BE 0429.990.805
Kortrijk · Eq €1,521,507
ADVENIS
BE 0827.557.577
Knokke-Heist · Eq €1,522,491
CERKO HOLDING
BE 0563.927.217
Gent · Eq €1,522,883
Of 24,729 companies in sector 64210 we hold annual accounts for 19,771. 11,717 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
Founded29-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
64210Activities of holding companies
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.