Financials
Financial year 2024
Balak Fences from Pelt, company number BE0823182679, closed financial year 2024 with a result of € 187,904 after tax. For that financial year Balak Fences recorded revenue of € 43.8 million and equity of € 1.9 million. Compared with financial year 2023, the result moved from € 127,036 to € 187,904. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2025.
€ 1.9 million
▼ 49% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 187,904
▲ 48% vs 2023
Profit after tax over the fiscal year.
€ 463,167
▼ 19% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2024
€ 3 million
Loans from banks and other lenders, long and short.
€ 888,994
▲ € 690,660 vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 8 days on average.
€ 109,405
▲ 137% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 52,038,790 | € 48,181,871 | € 37,985,907 | € 43,756,781 | ▲ 15% |
| Profit after taxes | € 699,270 | € 127,366 | € 127,036 | € 187,904 | ▲ 48% |
| Equity | € 3,439,632 | € 3,566,998 | € 3,694,034 | € 1,881,938 | ▼ 49% |
| Total debts | € 17,883 | € 3,039,327 | € 3,272,147 | € 6,016,184 | ▲ 84% |
| Cash | € 2,444,304 | € 2,130,955 | € 570,701 | € 463,167 | ▼ 19% |
| Retained profit | € 3,139,632 | € 3,266,998 | € 3,394,034 | € 1,581,938 | ▼ 53% |
| Dividend | € 0 | € 0 | € 0 | € 2,000,000 | |
| Bank debt | € 0 | € 3,000,000 | € 3,000,000 | € 3,000,000 | |
| Balance sheet total | € 3,457,515 | € 6,606,324 | € 6,966,181 | € 7,898,121 | ▲ 13% |
Key figures of Balak Fences, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Balak Fences?
What happened at Balak Fences in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Avalor BV stepped down as director. NBB
- Opcore BV BV stepped down as director. NBB
- HERCULES INVEST NV NV stepped down as director. NBB
- JoWe Beheer BV BV stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 187,904 (▲ 48% vs 2023). Source: NBB ↗
- Avalor BV became a director. NBB
- Opcore BV BV became a director. NBB
- HERCULES INVEST NV NV became a director. NBB
In short
From € 699,270 profit in 2021 to € 187,904 profit in 2024.
Paid € 430,797 in corporate taxes since 2021.
Best year ever: 2021, with € 699,270 profit.
Paid out € 2 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BALAK INDUSTRIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Balak FencesThe shares are held by BALAK INDUSTRIES (100%).
Directors
According to the 2024 annual accounts
Managing director · represented by Michiel AVONTUUR
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, BALAK COATINGS, BARDOLINO INVEST, Construct Materials Group, HERCULES INVEST, PORTOFINO GROUP
since 2022 · until 2028
Director · represented by Ronnie EERDEKENS
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, BALAK COATINGS
since 2022 · until 2028
Managing director · represented by Reinier VAN LUIJT
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, BALAK COATINGS
since 2022 · until 2028
Director · represented by Joost WEGINK
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, BALAK COATINGS
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Europalaan 31
3900 Pelt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0823.182.679
- VAT number
- BE 0823.182.679
- Registered office
- Europalaan 31, 3900 Pelt
- Names & denominations
- Balak Fences
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 2010
- Peppol
- Active · Active since 26 Aug 2025
- Contact
- balak.com [email protected] 011-809900
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in overige bouwmaterialen
Groothandel in ijzerwaren