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BALTEAU I.E.

Active
Public limited companyfounded 1983active for 43 yearsRue des Martyrs 115, 4420 Saint-Nicolas, Belgium20 active companies are registered at this addressKBO/BCE: BE 0423.965.422
Summary

BALTEAU I.E. has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.5m and a net result of €3.1m. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 61% of 346 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Production of electricity from non-renewable sources
NACE 35110General electrical installation work NACE 43211
2nd largest employer in Saint-Nicolas2 sites
Size
€30.6mturnover 2025
Staff
130.4 FTE
Equity
€7.5m
Profit
€3.1m
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
BALTEAU GROUP · 99.99%
Holdings
8
Accounts 25 days early6 of 27 deeds read
Why 95lowers riskFounded in 1983Liquidity: current ratio 1.30, cash €2.8mProfit of €3.1m (financial year 2025)Size: turnover €30.6m, 130.4 FTE, total assets €18.3mShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 57% of its sector peers (NACE 35, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 66-6
equity 40.9% of total assets
Liquidity 39-2
short-term debt 58.8% · cash 15.4%
Profitability 78=
return on assets 17.0%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (107 companies, NACE 35, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.3, compared with 1.37 in 2024, below the usual 1.5; short-term debt: 58.8% and cash: 15.4% of total assets), and 59.1% 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 (NACE 35, medium-sized): better than 70% on solvency, 18% on liquidity, 74% on profitability and 64% on growth.

The bankruptcy probability was computed on 18-10-2026 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).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1983
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.30, cash €2.8m
NBB · annual accounts
lowers risk · Profit of €3.1m (financial year 2025)
NBB · annual accounts
lowers risk · Size: turnover €30.6m, 130.4 FTE, total assets €18.3m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
25 days early
2024
20 days early
2023
23 days early
2022
31 days early
2021
31 days early
2020
36 days early
2019
36 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 29 days before the deadline; the sector median (NACE 35) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Pascal ROMMES (director)Gazette deed
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations & appointmentsPower of attorney

Key points

  • Positive: 2nd largest employer in Saint-Nicolasin the Checked rankings No. 2 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €3.1m 8 years View
  • Controlled by BALTEAU GROUPultimately: JSR CONSULT 99.99% View
  • Positive: Turnover rose in 2025from €23.2m to €30.6m ▲ 31.8% View
  • A director leftlatest change 30-12-2025 · 0 in office 1 left View

By topic

Financials

Financial year
2025
Turnover
€30.6m
Profit
€3.1m
Solvency
40.9%
Turnover▲ 31.8%
Net result
20182025
Go to Financials

Timeline

Events
51
Since
1984
Next accounts
by 31-07-2027
  1. 11-07-2025Annual accounts filed
  2. 07-07-2025Permanent representatives: Salvatore RIZZO and Juan RIZZO…
  3. 23-04-2025Resignation: IMMOBILIÈRE DU CHAINAY (director)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Production of electricity from non-renewable sourcesNACE 35110
Founded
10-05-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
3
Purpose
“L'électricité industrielle : basse et haute tension,téléphonie,détection,pose de…” (deed in French)
Go to Articles of association

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