ACTIVE

BALTUS MARC

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Financial year 2025 · closed on 31/12/2025

Net result

-207,1 k €

-698.0% YoY

Gross margin

1,8 M €

-20.2% YoY

Equity

2,5 M €

-7.9% YoY

Workforce

21,8 ETP

-32.5% YoY

What does BALTUS MARC do?

BALTUS MARC is a Public limited company incorporated in 1995. Its registered office is in La Roche-en-Ardenne. It employs on average 21,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.839.433

Incorporation

03/04/1995

Legal form

Public limited company

Registered office

Vecmont 115
6980 La Roche-en-Ardenne · WallonieSee on map

Contributed capital

195 000,00 €

Latest accounts

31/12/2025

Average workforce

21,8 ETP

Signals

Positive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,8 M €	-20.2%	2,2 M €	-16.8%	2,7 M €	+11.8%	2,4 M €	-6.7%	2,6 M €	+16.5%	2,2 M €	+28.7%	1,7 M €	+46.6%	1,2 M €	+35.6%	862,8 k €	-11.2%	971,3 k €	+27.8%	760,3 k €	+54.8%	491,2 k €	-2.7%	504,9 k €	+9.7%	460,1 k €	+1.2%	454,6 k €	+5.6%	430,6 k €	-5.0%	453,2 k €	+22.6%	369,7 k €	-20.6%	465,5 k €	+14.4%	407 k €
EBITDA	535,9 k €	-25.1%	715,3 k €	-32.1%	1,1 M €	+6.9%	984,9 k €	-29.1%	1,4 M €	+14.7%	1,2 M €	+68.4%	719,6 k €	+68.6%	426,8 k €	+54.0%	277,1 k €	-31.4%	403,9 k €	+72.8%	233,7 k €	+47.3%	158,6 k €	-27.9%	220,2 k €	+48.9%	147,9 k €	-18.1%	180,7 k €	+19.5%	151,2 k €	-23.2%	196,9 k €	+108%	94,7 k €	-52.6%	199,9 k €	-12.2%	227,8 k €
Operating result	-42 k €	-133%	128,7 k €	-69.5%	422,4 k €	-12.0%	480,3 k €	-52.5%	1 M €	+15.2%	877 k €	+93.1%	454,2 k €	+122%	204,8 k €	+92.4%	106,4 k €	-60.4%	268,9 k €	+130%	117 k €	+82.3%	64,2 k €	-47.4%	122 k €	+123%	54,8 k €	-34.9%	84,1 k €	+64.3%	51,2 k €	-50.1%	102,6 k €	+1874%	-5,8 k €	-133%	17,6 k €	-82.2%	99,1 k €
Net result	-207,1 k €	-698%	-25,9 k €	-113%	207,5 k €	-36.9%	328,7 k €	-56.5%	756 k €	+23.8%	610,9 k €	+125%	271,6 k €	+165%	102,4 k €	+731%	12,3 k €	-90.1%	124,7 k €	+254%	35,2 k €	+725%	4,3 k €	-92.0%	53,3 k €	+341%	12,1 k €	-60.7%	30,8 k €	+811%	-4,3 k €	+90.5%	-45,4 k €	-221%	37,6 k €	+245%	-25,8 k €	-167%	38,6 k €
Balance sheet
Equity	2,5 M €	-7.9%	2,7 M €	-1.2%	2,8 M €	+9.7%	2,5 M €	+14.9%	2,2 M €	+52.2%	1,4 M €	+72.9%	835,8 k €	+47.6%	566,1 k €	+21.6%	465,6 k €	+2.3%	455,2 k €	+36.9%	332,5 k €	+11.1%	299,1 k €	-37.1%	475,4 k €	+12.1%	424,1 k €	+2.4%	414 k €	+7.5%	385,2 k €	-1.6%	391,5 k €	-10.8%	438,9 k €	+7.7%	407,5 k €	-7.3%	439,5 k €
Total assets	9 M €	-1.7%	9,1 M €	-1.4%	9,3 M €	-2.0%	9,4 M €	+20.2%	7,9 M €	+37.2%	5,7 M €	+27.8%	4,5 M €	+4.2%	4,3 M €	+18.4%	3,6 M €	+18.4%	3,1 M €	+29.6%	2,4 M €	+26.4%	1,9 M €	+35.3%	1,4 M €	-1.5%	1,4 M €	-3.0%	1,4 M €	-0.1%	1,5 M €	-5.3%	1,5 M €	-2.1%	1,6 M €	-12.1%	1,8 M €	+29.5%	1,4 M €
Cash	151,1 k €	+52.9%	98,8 k €	+4.9%	94,2 k €	-7.3%	101,6 k €	-69.3%	330,5 k €	+24.0%	266,4 k €	+121%	120,4 k €	+51.3%	79,5 k €	+68.4%	47,2 k €	+10.9%	42,6 k €	+9.7%	38,9 k €	+141%	16,1 k €	-27.4%	22,2 k €	-36.9%	35,1 k €	-13.3%	40,6 k €	+7.6%	37,7 k €	+2.2%	36,9 k €	+82.2%	20,2 k €	-24.4%	26,8 k €	+163%	10,2 k €
Debts	6,4 M €	+1.8%	6,3 M €	-1.1%	6,3 M €	-7.8%	6,9 M €	+22.7%	5,6 M €	+32.4%	4,2 M €	+16.6%	3,6 M €	-2.4%	3,7 M €	+18.1%	3,2 M €	+21.3%	2,6 M €	+28.9%	2 M €	+29.7%	1,6 M €	+73.2%	897,5 k €	-8.0%	975,2 k €	-5.6%	1 M €	-2.9%	1,1 M €	-6.6%	1,1 M €	+1.2%	1,1 M €	-18.1%	1,4 M €	+46.7%	936,6 k €
Other
Workforce	21,8 ETP	-32.5%	32,3 ETP	-12.9%	37,1 ETP	+17.0%	31,7 ETP	+10.1%	28,8 ETP	+2.5%	28,1 ETP	+7.3%	26,2 ETP	+27.2%	20,6 ETP	+24.8%	16,5 ETP	+1.9%	16,2 ETP	+12.5%	14,4 ETP	+34.6%	10,7 ETP	+2.9%	10,4 ETP	+7.2%	9,7 ETP	+6.6%	9,1 ETP	+3.4%	8,8 ETP	+14.3%	7,7 ETP	-11.5%	8,7 ETP	+1.2%	8,6 ETP	+41.0%	6,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

MARC BALTUS

Managing director · since 11 août 2023 · until 15 juin 2029

Active

MARVIN BALTUS

Director · since 11 août 2023 · until 15 juin 2029

Active

NEAL BALTUS

Managing director · since 11 août 2023 · until 15 juin 2029

Active

Ended mandates

MARC BALTUS

Managing director · since 26 mai 2017 · until 26 mai 2023

Ended

NEAL BALTUS

Director · since 26 mai 2017 · until 26 mai 2023

Ended

NEAL BALTUS

Director · since 01 août 2011 · until 01 août 2017

Ended

ISABELLE BALTUS

Director · until 01 août 2011

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/07/2026	18/07/2025	22/07/2024	14/07/2023	02/07/2022	14/07/2021
General meeting	20/06/2026	21/06/2025	28/06/2024	30/06/2023	20/06/2022	26/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/06/2026	20/07/2026	French	PDF
Abridged model	31/12/2024	21/06/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	22/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	14/07/2023	French	PDF
Abridged model	31/12/2021	20/06/2022	02/07/2022	French	PDF
Abridged model	31/12/2020	26/06/2021	14/07/2021	French	PDF
Abridged model	31/12/2019	07/09/2020	03/10/2020	French	PDF
Abridged model	31/12/2018	08/06/2019	07/07/2019	French	PDF
Abridged model	31/12/2017	16/06/2018	01/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	18/06/2017	French	PDF
Abridged model	31/12/2015	23/06/2016	05/07/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	12/07/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	29/06/2014	French	PDF
Abridged model	31/12/2012	27/04/2013	27/05/2013	French	PDF
Abridged model	31/12/2011	19/05/2012	17/06/2012	French	PDF
Abridged model	31/12/2010	14/05/2011	13/06/2011	French	PDF
Abridged model	31/12/2009	15/05/2010	13/06/2010	French	PDF
Abridged model	31/12/2008	16/05/2009	14/06/2009	French	PDF
Abridged model	31/12/2007	17/05/2008	15/06/2008	French	PDF
Abridged model	31/12/2006	19/05/2007	13/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 11 ended

Active mandates

MARC BALTUS

Managing director · since 11 août 2023 · until 15 juin 2029

Active

MARVIN BALTUS

Director · since 11 août 2023 · until 15 juin 2029

Active

NEAL BALTUS

Managing director · since 11 août 2023 · until 15 juin 2029

Active

Ended mandates

MARC BALTUS

Managing director · since 26 mai 2017 · until 26 mai 2023

Ended

NEAL BALTUS

Director · since 26 mai 2017 · until 26 mai 2023

Ended

NEAL BALTUS

Director · since 01 août 2011 · until 01 août 2017

Ended

ISABELLE BALTUS

Director · until 01 août 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/09/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring11/08/2023
SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates18/07/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring11/05/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates27/06/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates09/11/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates24/06/2015
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-207,1 k €↓
2024
Annual accounts 2024-25,9 k €↓
2023
Annual accounts 2023207,5 k €↓
2022
Annual accounts 2022328,7 k €↓
2021
Annual accounts 2021756 k €↑
2020
Annual accounts 2020610,9 k €↑
2019
Annual accounts 2019271,6 k €↑
2018
Annual accounts 2018102,4 k €↑
2017
Annual accounts 201712,3 k €↓
2016
Annual accounts 2016124,7 k €↑
2015
Annual accounts 201535,2 k €↑
2014
Annual accounts 20144,3 k €↓
2013
Annual accounts 201353,3 k €↑
2012
Annual accounts 201212,1 k €↓
2011
Annual accounts 201130,8 k €↑
2010
Annual accounts 2010-4,3 k €↑
2009
Annual accounts 2009-45,4 k €↓
2008
Annual accounts 200837,6 k €↑
2007
Annual accounts 2007-25,8 k €↓
2006
Annual accounts 200638,6 k €
03/04/1995
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BALTUS MARC

Overview

What does BALTUS MARC do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline