ACTIVE

BALTO

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Financial year 2025 · closed on 31/12/2025

Net result

294,6 k €

+275.9% YoY

Gross margin

530,4 k €

+112.9% YoY

Equity

2,1 M €

+13.3% YoY

Workforce

0,0 ETP

What does BALTO do?

BALTO is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Wortegem-Petegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.990.759

Incorporation

15/07/2002

Legal form

Private limited company

Registered office

Eeuwhoek (E.) 1
9790 Wortegem-Petegem · FlandreSee on map

Contributed capital

1 768 900,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	530,4 k €	+113%	249,1 k €	+106%	120,9 k €	+217%	38,2 k €	+1.7%	37,5 k €	-89.2%	346 k €	+22.3%	282,9 k €	+33.8%	211,5 k €	+9.4%	193,3 k €	+45.9%	132,5 k €	+210%	42,7 k €	+8.0%	39,5 k €	-63.0%	106,8 k €	+402%	21,3 k €	-42.2%	36,9 k €	-8.8%	40,4 k €	-36.5%	63,6 k €	+36.1%	46,8 k €
EBITDA	525,9 k €	+167%	196,9 k €	+92.2%	102,4 k €	+265%	28,1 k €	+3.4%	27,2 k €	-92.1%	341,9 k €	+22.6%	278,9 k €	+33.5%	209 k €	+10.1%	189,7 k €	+45.2%	130,7 k €	+222%	40,6 k €	+10.6%	36,7 k €	-63.9%	101,6 k €	+782%	11,5 k €	-65.3%	33,2 k €	-8.3%	36,2 k €	-40.3%	60,6 k €	+41.9%	42,7 k €
Operating result	388,6 k €	+202%	128,6 k €	+566%	19,3 k €	+127%	-71,6 k €	-2.0%	-70,1 k €	-124%	293,6 k €	+19.3%	246,2 k €	+28.1%	192,1 k €	+11.9%	171,7 k €	+62.6%	105,6 k €	+636%	14,3 k €	-16.6%	17,2 k €	-78.4%	79,7 k €	+592%	-16,2 k €	-187%	18,6 k €	-11.0%	20,9 k €	-57.4%	49,1 k €	+43.0%	34,3 k €
Net result	294,6 k €	+276%	78,4 k €	-62.6%	209,4 k €	+265%	-127,2 k €	-67.5%	-76 k €	-146%	164,9 k €	+30.0%	126,9 k €	+200%	42,3 k €	-50.1%	84,8 k €	+111%	40,3 k €	+317%	9,7 k €	-9.6%	10,7 k €	-80.7%	55,4 k €	+445%	-16,1 k €	-209%	14,7 k €	-7.9%	16 k €	-54.9%	35,5 k €	+45.1%	24,5 k €
Balance sheet
Equity	2,1 M €	+13.3%	1,8 M €	-22.2%	2,4 M €	+6.7%	2,2 M €	-5.4%	2,3 M €	-3.2%	2,4 M €	+7.3%	2,3 M €	+69.5%	1,3 M €	+22.2%	1,1 M €	+8.4%	1 M €	+366%	216,2 k €	+4.7%	206,5 k €	+5.5%	195,8 k €	+39.4%	140,4 k €	-10.3%	156,5 k €	+10.4%	141,7 k €	+12.7%	125,7 k €	+39.4%	90,2 k €
Total assets	3,8 M €	+6.8%	3,6 M €	-1.2%	3,6 M €	-11.1%	4,1 M €	-5.1%	4,3 M €	-39.0%	7,1 M €	+6.8%	6,6 M €	+35.3%	4,9 M €	+103%	2,4 M €	-3.6%	2,5 M €	+106%	1,2 M €	+413%	235,3 k €	+7.2%	219,4 k €	+37.0%	160,2 k €	-11.2%	180,3 k €	+10.4%	163,4 k €	+15.7%	141,2 k €	+25.1%	112,8 k €
Cash	172,3 k €	+98.2%	87 k €	+36.5%	63,7 k €	-43.4%	112,5 k €	-26.9%	154 k €	-54.2%	336 k €	-24.4%	444,3 k €	+12.1%	396,4 k €	+1242%	29,5 k €	-62.5%	78,7 k €	-91.2%	898 k €	+472%	157 k €	+11.0%	141,4 k €	+89.9%	74,4 k €	-48.5%	144,6 k €	+76.9%	81,7 k €	-19.7%	101,8 k €	+77.0%	57,5 k €
Debts	1,7 M €	-0.1%	1,7 M €	+40.7%	1,2 M €	-32.2%	1,8 M €	-5.1%	1,9 M €	-58.6%	4,6 M €	+5.9%	4,3 M €	+22.4%	3,5 M €	+182%	1,3 M €	-12.2%	1,4 M €	+47.0%	968 k €	+14413%	6,7 k €	+331%	1,5 k €	+136%	654,8 €	-91.4%	7,6 k €	-5.6%	8 k €	+86.5%	4,3 k €	-68.8%	13,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Dheedene YANNICK

Director

Active

Moortgat JOCHEN

Director

Active

Ended mandates

Yannick Dheedene

Director · since 29 mai 2012

Ended

Yannick Dheedene

Manager · since 29 mai 2012

Ended

Jochen Moortgat

Director · since 12 juillet 2002

Ended

Jochen Moortgat

Manager · since 12 juillet 2002

Ended

At this address

Other companies at this address

Company	CBE no.
Auhreum● Active	0540.832.804
Baltrix● Active	0738.644.409
MILAUHRET● Active	0790.356.196

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro 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	15/04/2026	05/05/2025	14/06/2024	08/06/2023	20/07/2022	28/06/2021
General meeting	15/03/2026	30/04/2025	03/06/2024	02/06/2023	30/06/2022	04/06/2021
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	15/03/2026	15/04/2026	Dutch	PDF
Abridged model	31/12/2024	30/04/2025	05/05/2025	Dutch	PDF
Micro model	31/12/2023	03/06/2024	14/06/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	08/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	20/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	08/07/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	04/07/2019	Dutch	PDF
Micro model	31/12/2017	07/06/2018	14/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	01/06/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	13/06/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	06/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	17/05/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	04/06/2010	Dutch	PDF
Abridged model	31/12/2008	23/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/04/2008	29/04/2008	Dutch	PDF
Abridged model	31/12/2006	26/06/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 2 active · 5 ended

Active mandates

Dheedene YANNICK

Director

Active

Moortgat JOCHEN

Director

Active

Ended mandates

Yannick Dheedene

Director · since 29 mai 2012

Ended

Yannick Dheedene

Manager · since 29 mai 2012

Ended

Jochen Moortgat

Director · since 12 juillet 2002

Ended

Jochen Moortgat

Manager · since 12 juillet 2002

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/03/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/02/2017
KAPITAAL - AANDELEN
PDF
Registered office07/07/2015
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring29/06/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/04/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares27/02/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/06/2012
ONTSLAGEN - BENOEMINGEN
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 2025294,6 k €↑
2024
Annual accounts 202478,4 k €↓
2023
Annual accounts 2023209,4 k €↑
2022
Annual accounts 2022-127,2 k €↓
2021
Annual accounts 2021-76 k €↓
2018
Annual accounts 2018164,9 k €↑
2017
Annual accounts 2017126,9 k €↑
2016
Annual accounts 201642,3 k €↓
2015
Annual accounts 201584,8 k €↑
2014
Annual accounts 201440,3 k €↑
2013
Annual accounts 20139,7 k €↓
2012
Annual accounts 201210,7 k €↓
2011
Annual accounts 201155,4 k €↑
2010
Annual accounts 2010-16,1 k €↓
2009
Annual accounts 200914,7 k €↓
2008
Annual accounts 200816 k €↓
2007
Annual accounts 200735,5 k €↑
2006
Annual accounts 200624,5 k €
15/07/2002
IncorporationPrivate 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

BALTO

Overview

What does BALTO do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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