Financials
- Financial year
- 2025
- Turnover
- €167.9m
- Profit
- €6.3m
- Solvency
- 10.7%
Turnover▼ 12.1%
Net result
20182025
BALTA INDUSTRIES
ActiveSummary
BALTA INDUSTRIES has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32.1m and a net result of €6.3m, of which €43.4m non-recurring income. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 6% of 195 sector peers (NACE 13, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Manufacture of textiles
NACE 13930
Largest employer in Belgium, Textiles sector3 sites
Size
€167.9mturnover 2025
- Staff
- 869.2 FTE
- Equity
- €32.1m
- Profit
- €6.3m
Structure
- Parent
- VICTORIA P.L.C.
- Holdings
- 5
- Victoria Midco Holdings Ltd.Director · permanent representative Roberto Moreno
- DWR Consulting BVDirector · permanent representative Renaat de Wilde
2025 accounts 21 days early
Why 69raises riskLiquidity: current ratio 1.41, cash €6.9mEquity €32.1m (10.7% of total assets)Figures for financial year 2025 (filed 14-10-2025)lowers riskSector: Manufacture of textiles (NACE 13)Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 32% of its sector peers (all companies)
Financial strength · tick = 2024
Weak
Solvency
36-3
equity 10.7% of total assets
Liquidity
45+2
short-term debt 21.8% · cash 2.3%
Profitability
50-3
return on assets 2.1%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.5%▲ +0.1 percentage points vs 09-2025
11-2025: 0.4%▼ -0.1 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026lowest value
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.2 percentage points vs 09-2026highest value
Credit of up to €2,200,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.41, compared with 1.31 in 2024, below the usual 1.5; short-term debt: 21.8% and cash: 2.3% of total assets), and 89.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 19% on solvency, 52% on liquidity, 36% on profitability and 21% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 195 sector peers (2025).
NBB · sector comparisonPosition among 195 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
31 days early
2023
27 days early
2022
21 days early
2020
19 days early
2019
23 days early
2018
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median (NACE 13) for financial year 2024 is 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-03-2026 is due by 31-10-2026. Nothing is late today. The company usually files around 7 October (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-03-2026 year end30-10-2026 today31-10-2026 deadline
- Resignation: Marc Dessein BV (director)Appointment: DWR Consulting BV (director)…
- MiscellaneousCorrection · Capital increase ·…
- Capital & sharesAuditor report · Approval ·…
Key points
- Caution: Among the weakest 7% on solvencysector median 53.2% · 195 companies 10.7% View
- Positive: Filed on time since financial year 2017accounts within the deadline every year 8 years View
- Controlled by VICTORIA P.L.C.the company in turn controls 5 companies parent View
- Board changedlatest change 10-07-2026 · 2 in office 1 joined · 1 left View
- Merger with Balta Servicesmerger on 23-09-2024 2024 View
- Caution: Equity fell in 2025from €44.3m to €32.1m ▼ 27.5% View
- Flemish supportawarded from 2022 to 2025 €425,904 View
By topic
Board & ownership
- Board
- 2 members
- Parent
- VICTORIA P.L.C.
- Victoria Midco Holdings Ltd.Director
- DWR Consulting BVDirector
Network & group
- Subsidiaries
- 5
- Connected companies
- 35
- Mergers and asset contributions
- 5
5 subsidiaries
Timeline
- Events
- 108
- Since
- 1992
- Next accounts
- by 31-10-2026
- 17-02-2026Capital & shares · Amendment of the…
- 12-11-2025Capital & shares
- 10-11-2025Capital & shares
Company details
- Sites
- 3
- Legal form
- Public limited company
- Activity
- Manufacture of textilesNACE 13930
- Founded
- 01-10-1990
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 9
- Who signs
- Two directors jointly
- Annual meeting
- In September
- Purpose
- “De productie en commercialisatie van alle tapijten, vloerbekleding, muurbekleding en…” (deed in Dutch)
Key facts about BALTA INDUSTRIES
- What is the company number of BALTA INDUSTRIES?
- 0441.533.409. In Belgium the VAT number is the company number with BE in front: BE 0441.533.409.
- Where is BALTA INDUSTRIES based?
- The registered office is at Wakkensteenweg(S.B.V.) 2, 8710 Wielsbeke.Company details
- What does BALTA INDUSTRIES do?
- According to the KBO register, the main activity is manufacture of textiles (NACE 13930).
- What is the legal form of BALTA INDUSTRIES?
- Public limited company (NV).
- When was BALTA INDUSTRIES founded?
- On 01-10-1990.
- Is BALTA INDUSTRIES still active?
- Yes, BALTA INDUSTRIES is an active enterprise in the KBO register.
- How many employees does BALTA INDUSTRIES have?
- On average 869.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BALTA INDUSTRIES?
- €167.9m in financial year 2025, according to the filed annual accounts.
- Is BALTA INDUSTRIES profitable?
- In financial year 2025, BALTA INDUSTRIES made a profit of €6.3m.
- Where can I find the annual accounts of BALTA INDUSTRIES?
- BALTA INDUSTRIES filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BALTA INDUSTRIES due?
- By 31-10-2026, for financial year 2026.Timeline
Companies related to BALTA INDUSTRIES
Subsidiaries and holdings
- Ragolle Rugs100%
- BALTA OUDENAARDE95.36%
Comparable companies
- ITC CoTielt
- LanoHarelbeke
- SPORTS AND LEISURE GROUPSint-Niklaas
- Associated Weavers EuropeRonse
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.