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 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BALDA from Knokke-Heist, company number BE0420439075, closed financial year 2025 with a result of € 373,985 after tax. For that financial year BALDA recorded a gross margin of € 1 million and equity of € 5.3 million. Compared with financial year 2024, the result moved from € 1.2 million to € 373,985. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 5.3 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 373,985
▼ 69% vs 2024
Profit after tax over the fiscal year.
€ 36,094
▲ € 32,226 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.3 million.
People and assets in 2025
€ 8,441
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 767,063
▼ 41% vs 2024
€ 317,063 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 49,033
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 872,530 | € 700,185 | € 829,898 | € 1,047,174 | ▲ 26% |
| Profit after taxes | € 723,637 | € 805,873 | € 1,217,440 | € 373,985 | ▼ 69% |
| Equity | € 3,161,484 | € 3,749,332 | € 4,966,772 | € 5,340,757 | ▲ 8% |
| Total debts | € 9,556,999 | € 8,957,016 | € 7,742,181 | € 8,724,369 | ▲ 13% |
| Cash | € 46,411 | € 38,199 | € 3,868 | € 36,094 | ▲ € 32,226 |
| Land & buildings | € 4,803,385 | € 4,760,788 | € 4,742,824 | € 4,597,660 | ▼ 3% |
| Retained profit | € 1,125,804 | € 1,713,652 | € 2,931,092 | € 3,305,077 | ▲ 13% |
| Dividend | € 0 | € 218,025 | € 0 | € 0 | |
| Bank debt | € 2,250,000 | € 1,050,000 | € 1,307,185 | € 767,063 | ▼ 41% |
| Balance sheet total | € 12,796,727 | € 12,809,475 | € 12,786,406 | € 14,072,809 | ▲ 10% |
Key figures of BALDA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BALDA?
What happened at BALDA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bayfield NV stepped down as director. NBB
- Belmount NV stepped down as director. NBB
- Mandoline NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 373,985 (▼ 69% vs 2024). Source: NBB ↗
- Bayfield NV became a director. NBB
- Belmount NV became a director. NBB
- Mandoline NV became a director. NBB
- New establishment in Knokke-Heist. KBO
In short
From € 723,637 profit in 2022 to € 373,985 profit in 2025.
Paid € 509,030 in corporate taxes since 2022.
Best year ever: 2024, with € 1.2 million profit.
Paid out € 218,025 in dividends to the owners in total.
Management
It owns 100% of Mandoline NV itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Director · represented by Janine Magnel
since 2022 · until 2028
Managing director · represented by Didier De Surgeloose
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Britspad 2
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.439.075
- VAT number
- BE 0420.439.075
- Registered office
- Britspad 2, 8300 Knokke-Heist
- Names & denominations
- BALDA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 May 1980
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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