A balancing device for installing a counterweight in a specified shaft balancing region paired with a balancing plane includes a securing device which can be controlled via a control unit. The securing device has a first and a second receiving area for a counterweight or the shaft at a free end. A slot is arranged on the balancing device such that the balancing device can be moved along the shaft in the axial direction. The balancing device has a sensor for ascertaining the position of the balancing device relative to the shaft. The balancing device further includes a display unit which is connected to the control unit so as to exchange data and which is designed such that the position of the balancing device relative to the balancing region can be displayed.