1620s, from well (adv.) + past participle of balance (v.).
Entries linking to well-balanced
well adv.
"in a satisfactory manner," Old English wel "abundantly, very, very much; indeed, to be sure; with good reason; nearly, for the most part," from Proto-Germanic *wel- (source also of Old Saxon wela, Old Norse vel, Old Frisian wel, Dutch wel, Old High German wela, German wohl, Gothic waila "well"), from PIE root *wel- (2) "to wish, will" (source also of Sanskrit prati varam "at will," Old Church Slavonic vole "well," Welsh gwell "better," Latin velle "to wish, will," Old English willan "to wish;" see will (v.)).
Also used in Old English as an interjection and an expression of surprise. The adjective was in Old English in the sense "in good fortune, happy," from the adverb; sense of "satisfactory" is from late 14c.; "agreeable to wish or desire" is from mid-15c.; "in good health, not ailing" is from 1550s. Well-to-do "prosperous" is recorded by 1794.
balance v.
1570s, "be equal with," from balance (n.). The meaning "serve as a counterpoise to" is from 1590s; that of "bring or keep in equilibrium" is from 1630s; that of "keep oneself in equilibrium" is from 1833. Of accounts, "settle by paying what remains due," from 1580s. Related: Balanced; balancing.