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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Shrinking team NBB
FTE fell two years in a row, from 1,431.5 to 869.2.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
BALTA INDUSTRIES from Wielsbeke, company number BE0441533409, closed financial year 2025 with a result of € 6.3 million after tax. For that financial year BALTA INDUSTRIES recorded revenue of € 167.9 million and equity of € 32.1 million. Compared with financial year 2024, the result moved from € 5.7 million to € 6.3 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 10, 2025.
€ 32.1 million
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.3 million
▲ 10% vs 2024
Profit after tax over the fiscal year.
€ 6.9 million
▲ 95% 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 € -38.1 million.
People and assets in 2025
869.2
▼ 117.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 56.2 million
▼ 25% vs 2024
€ 64,700 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.
€ 10.9 million
▼ 5% vs 2024
Of which on lease € 10.2 million.
Debts at end 2025
€ 181.2 million
▲ 15% vs 2024
€ 2 million is repaid this year. At this pace the long-term loan is gone in ≈ 82 years.
€ 37.6 million
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 92 days on average.
€ 10.9 million
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 478,084,965 | € 286,620,841 | € 191,117,328 | € 167,914,665 | ▼ 12% |
| Profit after taxes | € 6,215,761 | € -69,443,190 | € 5,738,144 | € 6,327,204 | ▲ 10% |
| Equity | € 40,269,862 | € 38,514,679 | € 44,252,823 | € 32,088,471 | ▼ 27% |
| Total debts | € 267,313,345 | € 285,741,192 | € 253,988,737 | € 259,277,203 | ▲ 2% |
| Cash | € 41,962,238 | € 2,196,475 | € 3,543,154 | € 6,902,990 | ▲ 95% |
| Land & buildings | € 4,914,041 | € 47,519,683 | € 47,929,994 | € 24,736,825 | ▼ 48% |
| Retained profit | € 15,642,891 | € -53,800,299 | € -46,701,082 | € -38,121,474 | ▲ € 8.6 million |
| Dividend | € 1,696,625 | € 0 | € 0 | € 0 | |
| Bank debt | € 162,686,528 | € 161,852,630 | € 157,612,522 | € 181,239,172 | ▲ 15% |
| Balance sheet total | € 307,583,207 | € 355,079,697 | € 314,969,361 | € 300,993,873 | ▼ 4% |
| Employees (FTE) | 2,049 | 1,431.5 | 986.3 | 869.2 | ▼ 117.1 |
Key figures of BALTA INDUSTRIES, 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 October 2026.
What happened to BALTA INDUSTRIES?
What happened at BALTA INDUSTRIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Victoria Midco Holdings Ltd stepped down as director. NBB
- MARC DESSEIN BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6.3 million (▲ 10% vs 2024). Source: NBB ↗
- Victoria Midco Holdings Ltd became a director. NBB
- MARC DESSEIN BV became a director. NBB
- New establishment in Wielsbeke. KBO
- New establishment in Waregem. KBO
- New establishment in Wielsbeke. KBO
In short
From € 6.2 million profit in 2022 to € 6.3 million profit in 2025.
Paid € 469,968 in corporate taxes since 2022.
Best year ever: 2025, with € 6.3 million profit.
Paid out € 1.7 million in dividends to the owners in total.
Management
It owns 100% of RAGOLLE RUGS NV, 100% of BALTA US, 100% of BALTA ORIENT TEKSTIL SANAYI VE TICARET A.S, 95.4% of BALTA OUDENAARDE and 92.8% of BALTA FLOORCOVERING YER DÖSEMELERI SANAYI VE DIS itself.
Directors
According to the 2025 annual accounts
Victoria Midco Holdings Ltd
Director · represented by Roberto Moreno
since 2025 · until 2030
Director · represented by Marc DESSEIN
Also active at: BALTA OUDENAARDE, D&B IMMO PROJECTS, Balta Services, Ragolle Rugs
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Wakkensteenweg(S.B.V.) 2
8710 Wielsbeke
Roterijstraat 205
8793 Waregem
Active since 13 November 1990
Wakkensteenweg(S.B.V.) 37 A
8710 Wielsbeke
Active since 13 November 1990
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
- 0441.533.409
- VAT number
- BE 0441.533.409
- Registered office
- Wakkensteenweg(S.B.V.) 2, 8710 Wielsbeke
- Names & denominations
- BALTA INDUSTRIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1990
- Peppol
- Active · Active since 1 Dec 2025
- Activities · NACE
Vervaardiging van vloerkleden en tapijt
Groothandel in reinigingsmiddelen
Vervaardiging van ander technisch en industrieel textiel
Vervaardiging van behangpapier
Vervaardiging van overige textielproducten, n.e.g.
Vervaardiging van behangselpapier
Groothandel in behang en onderhoudsproducten