KOEN BALUWÉ
ActiveKOEN BALUWÉ has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €326k and a net result of €1k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 47% of 12642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency79▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 5.01 in 2024; short-term debt: 19.5% and cash: 3.2% of total assets), and 46.5% of the assets are financed with debt.
Credit advice for your own amount and term
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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.5%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 27-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
8 d early
2022
13 d early
2021
33 d early
2020
11 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€326k▼ 2.8%
2024 · €335k
2018: €350k
2019: €360k
2020: €390k
2021: €363k
2022: €382k
2023: €372k
2024: €335k
2018 → 2025
Total assets
€608k▲ 34.9%
2024 · €451k
2018: €499k
2019: €484k
2020: €520k
2021: €477k
2022: €505k
2023: €475k
2024: €451k
2018 → 2025
Net result
€1k▼ 49.9%
2024 · €2k
2018: €40k
2019: €10k
2020: €31k
2021: €32k
2022: €19k
2023: €639
2024: €2k
2018 → 2025
Working capital
€76k▼ 71.6%
2024 · €268k
2018: €306k
2019: €304k
2020: €351k
2021: €331k
2022: €351k
2023: €340k
2024: €268k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€363k-€382k▲ 5.3%€372k▼ 2.5%€335k▼ 10.1%€326k▼ 2.8%
Operating result€41k-€28k▼ 30.8%€5k▼ 81.5%€7k▲ 38.7%€4k▼ 44.4%
Net result€32k-€19k▼ 39.6%€639▼ 96.7%€2k▲ 256%€1k▼ 49.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €608k
Fixed assets
€414k▲ 257%
Current assets
€195k▼ 41.9%
Equity and liabilities €608k
Equity
€326k▼ 2.8%
Debt
€283k▲ 143%
The debt ratio rises from 25.7% to 46.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43k▲
2024 · €32k
Cash flow
€41k▲
2024 · €27k
Solvency
53.5%▼
2024 · 74.3%
Current ratio
1.64▼
2024 · 5.01
Quick ratio
1.64▼
2024 · 5.01
Debt / equity
0.87▲
2024 · 0.35
ROE
0.4%▼
2024 · 0.7%
ROA
0.2%▼
2024 · 0.5%
Interest coverage
5.98▼
2024 · 7.55
Debt
€283k▲
2024 · €116k
Debt ≤ 1 year
€118k▲
2024 · €67k
Debt > 1 year
€160k▲
2024 · €45k
Income taxes
€265▼
2024 · €2k
Staff costs
€66k▲
2024 · €59k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€451k€608k▲
Fixed assets21/28€116k€414k▲
Tangible fixed assets22/27€116k€413k▲
Land and buildings22€52k€106k▲
Furniture and vehicles24€47k€37k▼
Other tangible fixed assets26€17k€15k▼
Assets under construction and advance payments27-€256k
Financial fixed assets28€300€300=
Current assets29/58€335k€195k▼
Amounts receivable within one year40/41€116k€129k▲
Trade receivables40€108k€123k▲
Other amounts receivable41€8k€6k▼
Current investments50/53€92k€42k▼
Cash at bank and in hand54/58€122k€20k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€451k€608k▲
Equity10/15€335k€326k▼
Contributions10/11€19k€19k=
Reserves13€316k€307k▼
Tax-exempt reserves132€5k€5k=
Distributable reserves133€312k€302k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€116k€283k▲
Amounts payable after more than one year17€45k€160k▲
Financial debts170/4-€115k
Other amounts payable178/9€45k€45k=
Amounts payable within one year42/48€67k€118k▲
Current portion of amounts payable after more than one year42-€24k
Trade debts44€18k€25k▲
Suppliers440/4€18k€25k▲
Taxes, remuneration and social security45€46k€31k▼
Taxes450/3€33k€16k▼
Remuneration and social security454/9€13k€14k▲
Other amounts payable47/48€3k€39k▲
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€59k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€39k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€92k€111k▲
Operating profit (loss)9901€7k€4k▼
Financial income75/76B€683€5k▲
Recurring financial income75€683€5k▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€4k€1k▼
Income taxes67/77€2k€265▼
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€1k▼
Transfer from equity791/2€40k€10k▼
Transfer to equity691/2€2k€1k▼
To other reserves6921€2k€1k▼
Profit to be distributed694/7€40k€10k▼
Return on contributions (dividend)694€40k€10k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-12
Financial
Weakest financial yearnet €639 ▼96.7%
Net result drops to €639, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Avelgem · 2 establishment units since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenstraat 598582 AvelgemGround area
5,879 m²
Building footprint
531 m²
Volume, LiDAR
2,982 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Koen Baluwe
since 20062.157.243.871
Koen Baluwe
since 20202.315.668.033
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0251/00T000 | Flanders | 4,801 m² | 1 · 349 m² | 8.9 m · 2 fl. |
| 34031A0362/00P000 | Flanders | 1,077 m² | 1 · 182 m² | 5.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,582 EUR awarded · 3,569 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 809 EUR | 1,210 EUR |
| 2024 | 1 | 1,632 EUR | 1,290 EUR |
| 2023 | 1 | 569 EUR | 497 EUR |
| 2022 | 1 | 572 EUR | 572 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,049 companies in sector 69101 we hold annual accounts for 9,048. 6,609 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2001
Fiscal year end30-12
Activities, NACEBEL
69101Activities of lawyers
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
55209Other holiday and short-stay accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.