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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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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BALTEAU I.E. from Saint-Nicolas, company number BE0423965422, closed financial year 2025 with a result of € 3.1 million after tax. For that financial year BALTEAU I.E. recorded revenue of € 30.6 million and equity of € 7.5 million. Compared with financial year 2024, the result moved from € 3 million to € 3.1 million. Profitable, and profit is growing. 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 6, 2026.
€ 7.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.1 million
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 2.8 million
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.1 million paid out
100 % of the profit went to the shareholders, mostly to BALTEAU GROUP (100 % of the shares). That is where the money ends up.
People and assets in 2025
130.4
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.1 million
▲ 9% vs 2024
€ 62,300 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.
€ 46,828
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 568,000
▼ 6% vs 2024
€ 34,000 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4.6 million
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 82 days on average.
€ 1.4 million
▲ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 28,360,571 | € 30,850,407 | € 23,222,608 | € 30,612,787 | ▲ 32% |
| Profit after taxes | € 1,394,101 | € 3,439,643 | € 2,981,288 | € 3,121,679 | ▲ 5% |
| Equity | € 7,506,261 | € 7,510,904 | € 7,512,191 | € 7,513,869 | |
| Total debts | € 9,320,009 | € 11,568,255 | € 8,452,155 | € 10,835,873 | ▲ 28% |
| Cash | € 1,811,657 | € 3,606,298 | € 2,219,107 | € 2,817,494 | ▲ 27% |
| Land & buildings | € 632,086 | € 615,877 | € 555,607 | € 495,336 | ▼ 11% |
| Retained profit | € 4,927,265 | € 4,931,908 | € 4,933,195 | € 4,934,874 | |
| Dividend | € 1,390,000 | € 3,435,000 | € 2,980,000 | € 3,120,000 | ▲ 5% |
| Bank debt | € 721,833 | € 659,833 | € 602,000 | € 568,000 | ▼ 6% |
| Balance sheet total | € 16,913,787 | € 19,129,159 | € 15,964,346 | € 18,349,742 | ▲ 15% |
| Employees (FTE) | 139.3 | 138.6 | 127.8 | 130.4 | ▲ 2.6 |
Key figures of BALTEAU I.E., 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 BALTEAU I.E.?
What happened at BALTEAU I.E. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Salvatore Picone stepped down as director. NBB
- Giuseppe Buono stepped down as director. NBB
- Antoine Mouhanna stepped down as director. NBB
- MAYARI SRL stepped down as director. NBB
- JSR Consult SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.1 million (▲ 5% vs 2024). Source: NBB ↗
- Pascal Rommès stepped down as director. NBB
- Salvatore Picone became a director. NBB
In short
From € 1.4 million profit in 2022 to € 3.1 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.4 million profit.
Paid out € 10.9 million in dividends to the owners in total.
Management
The stake of BALTEAU GROUP, PARTFIN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BALTEAU I.E.The shares are held by BALTEAU GROUP (100%) and PARTFIN (0%). It owns 100% of A.V. TECHNOLOGY, 100% of ENGENEERING CABLING SYSTEM, 99.9% of ELECTRO GDB, 99.9% of ALARME CONTROLE, 99.9% of SERVICE PARTNER and 99.9% of TCS itself.
Directors
According to the 2025 annual accounts
Salvatore Picone
Director
since 2025 · until 2031
since 2025 · until 2031
Antoine Mouhanna
Director
since 2025 · until 2031
Director · represented by Juan Rizzo Di Carlo
Also active at: ENGENEERING CABLING SYSTEM, ECOGREEN SOFT, B.C.I. TECHNICS, KREADIS CONCEPT, BONADONNA L.
since 2025 · until 2031
Pascal Rommès
Director
since 2025 · until 2025
Managing director · represented by Salvatore Rizzo
Also active at: ENGENEERING CABLING SYSTEM, ALARME CONTROLE, ELECTRO GDB, SERVICE PARTNER, T.C.S., LOUISED, ECOGREEN SOFT, PARTFIN +6 more
since 2025 · until 2031
Director · represented by Georges Loix
Also active at: BALEUR IMMO, DHR CLOS DU CHATEAU
since 2024 · until 2025
Shareholders
100%
0%
Participations
100%
99.9%
99.9%
99.9%
99.9%
BALTEAU LUX
94.2%
82.5%
Establishments
Establishment units
Physical locations of this company
Rue des Martyrs 115
4420 Saint-Nicolas
Rue de l'Innovation (FRY) 6A
7503 Tournai
Active since 1 October 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →IMMORIPRO
€ 208,225 gross margin · 2025
ENGENEERING CABLING SYSTEM same network
€ 646,639 gross margin · 2025
ALARME CONTROLE same network
€ 865,806 gross margin · 2025
SERVICE PARTNER same network
€ 2.5 million gross margin · 2025
T.C.S. same network
€ 2.6 million gross margin · 2025
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
WIN, BE
Website info
Features
Security
Details
- Company number
- 0423.965.422
- VAT number
- BE 0423.965.422
- Registered office
- Rue des Martyrs 115, 4420 Saint-Nicolas
- Names & denominations
- BALTEAU I.E.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 May 1983
- Peppol
- Active · Active since 26 Jun 2025
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Productie van elektriciteit
Elektrotechnische installatiewerken aan gebouwen
Elektrische installatie
Vervaardiging van verlichtingsapparaten
Vervaardiging van geïsoleerde kabels en draad
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Vervaardiging van andere elektrische en elektronische kabels
+1