Basalte
ActiveSummary
Basalte has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.2m and a net result of -€462,076. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 100 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
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Signals
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
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- 2025 Net result -2,404% on 2024. Cause not known from the registers.
- 2023 Total assets +95% on 2022. Cause not known from the registers.
- 2021 Net result +53%, Equity +58% on 2020. Cause not known from the registers.
Peer companies
Historical observationOf the 245 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 90% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 245 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €17.7m | €19.1m | €22.6m | ▲ 18.5% |
| Turnover70 | - | - | €15.4m | €17.5m | €20.8m | ▲ 18.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €937,206 | €27,070 | €118,035 | ▲ 336% |
| Own construction capitalised72 | - | - | €1.0m | €1.2m | €1.4m | ▲ 14.5% |
| Other operating income74 | - | - | €334,984 | €348,730 | €361,547 | ▲ 3.7% |
| Non-recurring operating income76A | - | - | - | - | €2,250 | - |
| Operating charges60/66A | - | - | €17.4m | €18.7m | €22.7m | ▲ 21.4% |
| Goods for resale, raw materials and consumables60 | - | - | €6.2m | €5.8m | €7.4m | ▲ 27.5% |
| Purchases600/8 | - | - | €7.8m | €4.0m | €8.1m | ▲ 101% |
| Change in stocks: decrease (increase)609 | - | - | -€1.6m | €1.8m | -€687,165 | ▼ 138% |
| Services and other goods61 | - | - | €5.1m | €6.7m | €8.7m | ▲ 29.8% |
| Remuneration, social security and pensions62 | €2.8m | €3.4m | €4.4m | €4.4m | €4.6m | ▲ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.0m | €1.0m | €1.7m | €1.7m | €1.9m | ▲ 14.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €81,965 | €15,198 | ▼ 81.5% |
| Other operating charges640/8 | €18,647 | €24,182 | €43,051 | €53,157 | €32,939 | ▼ 38.0% |
| Non-recurring operating charges66A | - | €2,868 | €4,856 | €0 | €3,241 | - |
| Gross operating margin9900 | €6.0m | €6.7m | - | - | - | - |
| Operating profit (loss)9901 | €2.1m | €2.2m | €294,627 | €411,470 | -€44,204 | ▼ 111% |
| Financial income75/76B | €107,264 | €136,887 | €95,466 | €98,856 | €118,815 | ▲ 20.2% |
| Recurring financial income75 | €107,264 | €136,887 | €95,466 | €98,856 | €118,815 | ▲ 20.2% |
| Income from financial fixed assets750 | - | - | - | €8,024 | €28,491 | ▲ 255% |
| Other financial income752/9 | - | - | €95,466 | €90,832 | €90,324 | ▼ 0.6% |
| Financial charges65/66B | €127,473 | €200,799 | €362,086 | €469,879 | €582,259 | ▲ 23.9% |
| Recurring financial charges65 | €127,473 | €200,799 | €362,086 | €469,879 | €582,259 | ▲ 23.9% |
| Debt charges650 | - | - | €247,765 | €331,328 | €252,847 | ▼ 23.7% |
| Other financial charges652/9 | - | - | €114,321 | €138,551 | €329,412 | ▲ 138% |
| Profit (loss) for the period before taxes9903 | €2.1m | €2.1m | €28,007 | €40,447 | -€507,648 | ▼ 1,355% |
| Income taxes67/77 | €264,735 | €312,555 | €45,281 | €58,903 | -€45,572 | ▼ 177% |
| Taxes670/3 | - | - | €45,281 | €58,903 | €4,683 | ▼ 92.0% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €50,255 | - |
| Profit (loss) for the period9904 | €1.8m | €1.8m | -€17,274 | -€18,457 | -€462,076 | ▼ 2,404% |
| Profit (loss) for the period to be appropriated9905 | €1.8m | €1.8m | -€17,274 | -€18,457 | -€462,076 | ▼ 2,404% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.7m | €10.6m | €20.7m | €19.0m | €20.3m | ▲ 7.2% |
| Fixed assets21/28 | €8.6m | €3.7m | €11.1m | €10.9m | €11.1m | ▲ 1.4% |
| Intangible fixed assets21 | €1.7m | €2.3m | €3.2m | €3.6m | €4.0m | ▲ 12.2% |
| Tangible fixed assets22/27 | €6.9m | €1.4m | €7.8m | €7.4m | €7.1m | ▼ 3.8% |
| Land and buildings22 | €5.8m | €388,029 | €6.9m | €6.7m | €6.5m | ▼ 3.0% |
| Plant, machinery and equipment23 | €799,974 | €683,532 | €623,986 | €477,010 | €344,360 | ▼ 27.8% |
| Furniture and vehicles24 | €279,581 | €363,289 | €301,686 | €213,493 | €231,188 | ▲ 8.3% |
| Assets under construction and advance payments27 | - | - | - | - | €34,071 | - |
| Financial fixed assets28 | €1,527 | €19,487 | €27,664 | €4,987 | €3,127 | ▼ 37.3% |
| Other financial fixed assets284/8 | - | - | €27,664 | €4,987 | €3,127 | ▼ 37.3% |
| Shares284 | - | - | €1,487 | €1,487 | €1,487 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €26,177 | €3,500 | €1,640 | ▼ 53.1% |
| Current assets29/58 | €5.1m | €6.9m | €9.6m | €8.0m | €9.2m | ▲ 15.1% |
| Stocks and contracts in progress3 | €2.2m | €4.5m | €7.1m | €5.1m | €5.9m | ▲ 15.4% |
| Stocks30/36 | €2.2m | €4.5m | €7.1m | €5.1m | €5.9m | ▲ 15.4% |
| Raw materials and consumables30/31 | - | - | €5.7m | €4.0m | €4.6m | ▲ 15.5% |
| Finished goods33 | - | - | €937,206 | €964,276 | €1.1m | ▲ 12.2% |
| Goods purchased for resale34 | - | - | €315,827 | €209,312 | €269,013 | ▲ 28.5% |
| Advance payments36 | - | - | €76,550 | €0 | - | - |
| Amounts receivable within one year40/41 | €1.0m | €1.0m | €1.4m | €1.2m | €1.2m | ▲ 7.3% |
| Trade receivables40 | €426,639 | €691,770 | €898,549 | €954,843 | €908,510 | ▼ 4.9% |
| Other amounts receivable41 | €578,904 | €354,063 | €547,723 | €206,043 | €337,419 | ▲ 63.8% |
| Current investments50/53 | - | - | - | €618,328 | €213,074 | ▼ 65.5% |
| Other investments51/53 | - | - | - | €618,328 | €213,074 | ▼ 65.5% |
| Cash at bank and in hand54/58 | €1.8m | €1.1m | €815,092 | €895,693 | €1.5m | ▲ 69.8% |
| Deferred charges and accrued income490/1 | €180,807 | €205,084 | €287,549 | €220,616 | €340,076 | ▲ 54.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.7m | €10.6m | €20.7m | €19.0m | €20.3m | ▲ 7.2% |
| Equity10/15 | €4.9m | €6.7m | €6.7m | €6.6m | €6.2m | ▼ 7.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2.8m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €2.8m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Profit (loss) carried forward14 | €1.8m | €1.8m | €1.8m | €1.8m | €1.3m | ▼ 26.2% |
| Investment grants15 | €290,393 | €256,620 | €243,789 | €230,958 | €218,127 | ▼ 5.6% |
| Amounts payable17/49 | €8.8m | €3.9m | €14.0m | €12.3m | €14.2m | ▲ 15.0% |
| Amounts payable after more than one year17 | €5.6m | €299,025 | €8.5m | €8.0m | €7.7m | ▼ 4.6% |
| Financial debts170/4 | €5.6m | €299,025 | €8.5m | €8.0m | €7.7m | ▼ 4.6% |
| Credit institutions173 | - | - | €5.7m | €5.2m | €4.9m | ▼ 7.0% |
| Other loans174 | - | - | €2.8m | €2.8m | €2.8m | = |
| Amounts payable within one year42/48 | €3.2m | €3.6m | €5.4m | €4.1m | €6.2m | ▲ 52.8% |
| Current portion of amounts payable after more than one year42 | €915,736 | €328,210 | €446,937 | €444,718 | €397,848 | ▼ 10.5% |
| Trade debts44 | €1.4m | €1.3m | €2.5m | €2.1m | €3.7m | ▲ 71.0% |
| Suppliers440/4 | €1.4m | €1.3m | €2.5m | €2.1m | €3.7m | ▲ 71.0% |
| Advances received on contracts in progress46 | €511,344 | €1.6m | €335,609 | €847,711 | €1.4m | ▲ 63.2% |
| Taxes, remuneration and social security45 | €409,613 | €330,746 | €512,811 | €632,575 | €769,832 | ▲ 21.7% |
| Taxes450/3 | €85,225 | €59,149 | €58,896 | €60,710 | €78,452 | ▲ 29.2% |
| Remuneration and social security454/9 | €324,388 | €271,597 | €453,915 | €571,866 | €691,380 | ▲ 20.9% |
| Other amounts payable47/48 | - | - | €1.7m | €0 | - | - |
| Accrued charges and deferred income492/3 | €1,944 | €1,178 | €142,575 | €231,817 | €298,705 | ▲ 28.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.8m | €1.8m | -€17,274 | -€18,457 | -€462,076 | ▼ 2,404% |
| + Depreciation and write-downs630 | €1.0m | €1.0m | €1.7m | €1.7m | €1.9m | ▲ 14.6% |
| Operating cash flow (approximation) | €2.9m | €2.8m | €1.7m | €1.6m | €1.4m | ▼ 12.2% |
| Investment in fixed assets (approximation) | - | €3.8m | -€9.0m | -€1.5m | -€2.1m | ▼ 36.8% |
| Change in cash | - | -€633,492 | -€304,995 | €80,600 | €625,330 | ▲ 676% |
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
21-09
State Gazette act
Appointments: Basalte Group NV, Inverno BV and HBKM BVPermanent representatives: Nikolaas Arnout, Sandra Maes and 2 others · Resignations: Nikolaas Arnout (director) and Inverno BV (director) · Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)11 facts ▸
- General meeting, 25-06-2026
- Director appointment, Basalte Group NV (director)
- Permanent representative, Nikolaas Arnout (permanent representative)
- Director appointment, Inverno BV (director)
- Permanent representative, Sandra Maes (permanent representative)
- Director appointment, HBKM BV (director)
- Permanent representative, Hans Maris (permanent representative)
- Director resignation, Nikolaas Arnout (director)
- Director resignation, Inverno BV (director)
- Auditor reappointment, BDO Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Sam Vander Vennet (permanent representative)
Show earlier events
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 3
Permanent representatives 3
Statutory auditor 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0258/00Y000 | Flanders | 4,776 m² | 1 · 1,664 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Basalte Group |
|
| HBKM |
|
| INVERNO |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| Arnout, Nikolaas |
|
Structure & network
Owners and holdings
1 ownerChain of control
- Basalte Group
- Basalte
Highest known parent: Basalte Group. The sources do not say who stands above it.
Owners 1
- Basalte Groupparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 52,126 EUR awarded · 52,286 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 8,847 EUR | 8,847 EUR |
| 2024 | 3 | 15,121 EUR | 19,021 EUR |
| 2023 | 3 | 17,733 EUR | 18,993 EUR |
| 2022 | 2 | 10,425 EUR | 5,425 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.