ACTIVE

BALTEAU GROUP

Financial year 2025 · Closed on 31/12/2025

Net result2 M €-17,7 %over 1 year
Revenue1,4 M €-2,9 %over 1 year
Equity15,1 M €+4,5 %over 1 year
Workforce4,6 ETP+76,9 %over 1 year

Identity

Source · BCE/KBO

BALTEAU GROUP is a Public limited company incorporated in 2016. Its main activity is: Activities of holding companies. Its registered office is in Saint-Nicolas. It employs on average 4,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0654.759.304
Incorporation
17/05/2016
Legal form
Public limited company
Registered office
Rue des Martyrs 115
4420 Saint-Nicolas · WallonieSee on map
Contributed capital
7 300 000,00 €
Latest accounts
31/12/2025
Average workforce
4,6 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 10 filings

Trend over 10 financial years

20252024202320222021
Income statement
Revenue1,4 M €1,4 M €986,2 k €255,3 k €–
EBITDA-3,2 k €-11,2 k €-3,9 k €-313 €-23,1 k €
Operating result-11,4 k €-18,4 k €-9,7 k €-845 €-23,1 k €
Net result2 M €2,4 M €1,4 M €1,8 M €1,7 M €
Balance sheet
Equity15,1 M €14,4 M €13,2 M €12,9 M €7,8 M €
Total assets18,2 M €17,5 M €17 M €15,1 M €11,8 M €
Cash10,8 k €112,8 k €266,5 k €1,2 M €44,2 k €
Debts3 M €3 M €3,7 M €2,2 M €4 M €
Other
Workforce4,6 ETP2,6 ETP2,1 ETP1,4 ETP–

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
IMMORIPRO0416.871.950Represented by Ornella Rizzo
Director17/05/2016 → 16/06/2028
NOSHAQ PARTNERS0808.219.836Represented by Fabian Marcq
Director06/04/2022 → 16/06/2028
PARTFIN0654.711.693Represented by Salvatore Rizzo
Managing director17/05/2016 → 16/06/2028

Other companies at this address

Rue des Martyrs 115 4420 Saint-Nicolas
CompanyCBE no.
ALARME CONTROLE● Active
0444.361.651
AVROY 38● Active
0690.923.278
A.V. TECHNOLOGY● Active
0694.568.795
BALTEAU I.E.● Active
0423.965.422
0792.638.765
0438.198.587
0667.632.786
IMMOBILIERE OMC● Active
0786.598.041
IMMORIPRO● Active
0416.871.950
INTERSYSTO● Active
0882.009.221
MASANA● Active
0881.505.514
0824.690.535
PARTFIN● Active
0654.711.693
SERVICE PARTNER● Active
0459.762.083
0787.561.212
1029.892.748
1035.358.895
T.C.S.● Active
0467.027.878
1009.462.667

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date03/07/202611/07/202505/07/202420/07/202330/06/202225/06/2021
General meeting29/06/202620/06/202521/06/202406/07/202322/06/202202/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 10 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/06/202603/07/2026FrenchPDF
Full model31/12/202420/06/202511/07/2025FrenchPDF
Full model31/12/202321/06/202405/07/2024FrenchPDF
Full model31/12/202206/07/202320/07/2023FrenchPDF
Full model31/12/202122/06/202230/06/2022FrenchPDF
Full model31/12/202002/06/202125/06/2021FrenchPDF
Full model31/12/201912/06/202025/06/2020FrenchPDF
Full model31/12/201805/06/201914/06/2019FrenchPDF
Full model31/12/201706/06/201826/06/2018FrenchPDF
Full model31/12/201607/06/201730/06/2017FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
IMMORIPRO0416.871.950Represented by Ornella Rizzo
Director17/05/2016 → 16/06/2028
NOSHAQ PARTNERS0808.219.836Represented by Fabian Marcq
Director06/04/2022 → 16/06/2028
PARTFIN0654.711.693Represented by Salvatore Rizzo
Managing director17/05/2016 → 16/06/2028

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other04/04/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates08/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office05/10/2022
    SIEGE SOCIAL
    PDF
  • Mandates11/04/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Other09/12/2021
    DIVERS
    PDF
  • Mandates13/08/2021
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings10 filings
Mandates
IMMORIPRO
PARTFIN
NOSHAQ PARTNERS
2016201720182019202020212022202320242025202620272028
BALTEAU GROUPTECHNOLOGIE ENERGIE DEVELOPPEMENT
Rue des Martyrs 115, 4420 Saint-Nicolas (Liège)
Director
Managing director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue des Martyrs 115, 4420 Saint-Nicolas (Liège)Current
accounts 2022 → 2025
Accounts 2025 · 2026-00256811
Rue Hector Denis 33, 4420 Saint-Nicolas (Liège)
accounts 2021
Accounts 2021 · 2022-20114144

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
BALTEAU GROUPCurrent
accounts 2020 → 2025
Accounts 2025 · 2026-00256811
TECHNOLOGIE ENERGIE DEVELOPPEMENT
accounts 2016 → 2019
Accounts 2019 · 2020-21200083

Events

  1. 2025
    Annual accounts 20252 M €↓
  2. 2024
    Annual accounts 20242,4 M €↑
  3. 2023
    Annual accounts 20231,4 M €↓
  4. 2022
    Annual accounts 20221,8 M €↑
  5. 2021
    Annual accounts 20211,7 M €↑
  6. 2020
    Annual accounts 2020907,3 k €↑
  7. 2020
    Name changeBALTEAU GROUP
  8. 2019
    Annual accounts 2019687,9 k €↓
  9. 2018
    Annual accounts 2018757,9 k €↑
  10. 2017
    Annual accounts 2017488,1 k €↑
  11. 2016
    Annual accounts 2016-52,9 k €
  12. 17/05/2016
    IncorporationPublic limited company