Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
BALTIM from Grâce-Hollogne, company number BE0440338824, closed financial year 2025 with a result of € -17,297 after tax. For that financial year BALTIM recorded a gross margin of € 11,798 and equity of € 827,807. Compared with financial year 2024, the result moved from € -23,619 to € -17,297. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 827,807
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,297
▲ 27 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,550
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 12,865.
Debts at end 2025
€ 145,000
Loans from banks and other lenders, long and short.
€ 6,098
▲ 127% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,367 | € 8,193 | € 6,347 | € 11,798 | ▲ 86% |
| Profit after taxes | € 2,078 | € -21,607 | € -23,619 | € -17,297 | ▲ € 6,322 |
| Equity | € 289,260 | € 267,653 | € 845,104 | € 827,807 | ▼ 2% |
| Total debts | € 392,510 | € 573,172 | € 147,856 | € 151,098 | ▲ 2% |
| Cash | - | - | € 1,541 | € 1,550 | ▲ 1% |
| Land & buildings | € 257,400 | € 240,825 | € 224,250 | € 207,675 | ▼ 7% |
| Retained profit | € 25,663 | € 20,631 | € 13,587 | € 12,865 | ▼ 5% |
| Bank debt | € 161,366 | € 160,707 | € 145,168 | € 145,000 | |
| Balance sheet total | € 681,770 | € 840,825 | € 992,959 | € 978,904 | ▼ 1% |
Key figures of BALTIM, 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 BALTIM?
What happened at BALTIM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,297. filed late Source: NBB ↗
- New establishment in Grâce-Hollogne. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,078 profit in 2022 to € 17,297 loss in 2025.
Paid € 6,613 in corporate taxes since 2022.
Best year ever: 2022, with € 2,078 profit.
Management
Behind BALTIM are SPARAXIS SA, Amaury Ruffato and Didier RUFFATO. The shares are held by Didier Ruffato (60%), Wallonie Entreprendre SA (30%), Amaury Ruffato (5%), Benoit Granier (2.5%) and Ivan Marchandise (2.5%). It owns 100% of Polymat itself.
Directors
According to the 2025 annual accounts
Director · represented by Alexis VAN LEDE
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +224 more
Shareholders
Didier Ruffato
60%
Amaury Ruffato · director
5%
Benoit Granier
2.5%
Ivan Marchandise
2.5%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue des Champs 10
4460 Grâce-Hollogne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.338.824
- VAT number
- BE 0440.338.824
- Registered office
- Rue des Champs 10, 4460 Grâce-Hollogne
- Names & denominations
- BALTIM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 1990
- Peppol
- Active · Active since 17 Feb 2026