Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BALTAIR from Gent, company number BE0723772626, closed financial year 2025 with a result of € 10,880 after tax. For that financial year BALTAIR recorded a gross margin of € 6,029 and equity of € 332,317. Compared with financial year 2024, the result moved from € 17,327 to € 10,880. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 20, 2026.
€ 332,317
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,880
▼ 37% vs 2024
Profit after tax over the fiscal year.
€ 119,948
▲ 278% 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 € 32,317.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.6 million
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,900
▼ 9% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,523 | € 5,140 | € 6,855 | € 6,029 | ▼ 12% |
| Profit after taxes | € -1,892 | € 2,338 | € 17,327 | € 10,880 | ▼ 37% |
| Equity | € 301,772 | € 304,110 | € 321,437 | € 332,317 | ▲ 3% |
| Total debts | € 1,882,269 | € 1,808,689 | € 1,527,730 | € 2,565,758 | ▲ 68% |
| Cash | € 598,298 | € 343,504 | € 31,717 | € 119,948 | ▲ 278% |
| Retained profit | € 1,772 | € 4,110 | € 21,437 | € 32,317 | ▲ 51% |
| Balance sheet total | € 2,184,041 | € 2,112,799 | € 1,849,167 | € 2,898,075 | ▲ 57% |
Key figures of BALTAIR, 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 BALTAIR?
What happened at BALTAIR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick Verbrugge stepped down as director. NBB
- Filiep Balcaen stepped down as director. NBB
- Heidi De Greve stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 10,880 (▼ 37% vs 2024). Source: NBB ↗
- Patrick Verbrugge became a director. NBB
- Filiep Balcaen became a director. NBB
- Heidi De Greve became a director. NBB
- New establishment in Gent. KBO
In short
From € 1,892 loss in 2022 to € 10,880 profit in 2025.
Paid € 8,178 in corporate taxes since 2022.
Best year ever: 2024, with € 17,327 profit.
A new publication or filing at BALTAIR? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BALTISSE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BALTAIRThe shares are held by BALTISSE (99.7%).
Directors
According to the 2025 annual accounts
Patrick Verbrugge
Director
Also active at: Huis te Lande, Marieposa, Floorenter, Baltisse Real Estate
since 2024 · until 2030
Heidi De Greve
Managing director
since 2023 · until 2027
Filiep Balcaen
Chairman of the board
Also active at: Huis te Lande, ARGIBEL, BUILDING, FLANDERS INTERNATIONAL AIRPORT, Marieposa, North Beach, Floorenter, LIEGE BECASSE +22 more
since 2024 · until 2030
Shareholders
99.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pauline Van Pottelsberghelaan 10
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →Huis te Lande same network
€ -185,764 gross margin · 2025
ARGIBEL same network
€ 62,256 gross margin · 2025
BUILDING same network
€ 319,319 gross margin · 2025
Marieposa same network
€ -22,893 gross margin · 2025
North Beach same network
€ -34,684 gross margin · 2025
+50 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0723.772.626
- VAT number
- BE 0723.772.626
- Registered office
- Pauline Van Pottelsberghelaan 10, 9051 Gent
- Names & denominations
- BALTAIR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 2019
- Peppol
- Active · Active since 9 Mar 2026
- Activities · NACE
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