Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
BALS from Oostende, company number BE0890009543, closed financial year 2023 with a result of € 235,559 after tax. For that financial year BALS recorded a gross margin of € 401,061 and equity of € 342,195. Compared with financial year 2022, the result moved from € 436,966 to € 235,559. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 19, 2024.
€ 342,195
▲ 24% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 235,559
▼ 46% vs 2022
Profit after tax over the fiscal year.
€ 74,997
▼ 27% vs 2022
Cash and bank balances on the last day of the fiscal year.
€ 170,000 paid out
72 % of the profit went to the shareholders, mostly to VINZ (50 % of the shares). That is where the money ends up.
People and assets in 2023
3.1
▼ 1.7 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 130,916
▼ 21% vs 2022
€ 42,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 26,576
▲ € 21,450 vs 2022
Of which on lease € 22,967.
Debts at end 2023
€ 378,907
▲ € 356,231 vs 2022
€ 7,016 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 215,521
▼ 1% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 53,277
▲ 20% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 399,987 | € 691,532 | € 401,061 | ▼ 42% |
| Profit after taxes | € 170,656 | € 436,966 | € 235,559 | ▼ 46% |
| Equity | € 159,670 | € 276,636 | € 342,195 | ▲ 24% |
| Total debts | € 1,633,138 | € 765,780 | € 1,226,705 | ▲ 60% |
| Cash | € 147,509 | € 102,293 | € 74,997 | ▼ 27% |
| Retained profit | € 144,470 | € 261,436 | € 326,995 | ▲ 25% |
| Dividend | € 122,000 | € 320,000 | € 170,000 | ▼ 47% |
| Bank debt | € 932,423 | € 22,677 | € 378,907 | ▲ € 356,231 |
| Balance sheet total | € 1,792,809 | € 1,042,416 | € 1,568,901 | ▲ 51% |
| Employees (FTE) | 3.7 | 4.8 | 3.1 | ▼ 1.7 |
Key figures of BALS, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to BALS?
What happened at BALS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: profit of € 235,559 (▼ 46% vs 2022). filed late Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 170,656 profit in 2021 to € 235,559 profit in 2023.
Paid € 81,420 in corporate taxes since 2021.
Best year ever: 2022, with € 436,966 profit.
On average € 129,400 of value added per employee in 2023.
Management
The stake of VINZ, OSCAR ALFA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BALSBehind BALS are Oscar Alfa BV and Vinz BV. The shares are held by VINZ (50%) and OSCAR ALFA (50%).
Directors
According to the 2023 annual accounts
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Verenigingstraat 28
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0890.009.543
- VAT number
- BE 0890.009.543
- Registered office
- Verenigingstraat 28, 8400 Oostende
- Names & denominations
- BALS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 June 2007
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Elektrische installatie
Elektrotechnische installatiewerken aan gebouwen
Overige bouwinstallatie
Overige werkzaamheden in verband met de afwerking van gebouwen
Handel in eigen onroerend goed
Overige bouwinstallatie, n.e.g.