Question

How do you know that forces are balanced when static friction acts on an object?

Answer 1

By looking at the acceleration of the object.
In fact, Netwon's second law states that the resultant of the forces acting on an object is equal to the product between the mass m of the object and its acceleration:
$\sum F = ma$

So, when static friction is acting on the object, if the object is still not moving we know that all the forces are balanced: in fact, since the object is stationary, its acceleration is zero, and so the resultant of the forces (left term in the formula) must be zero as well (i.e. the forces are balanced).