ACTIVE

BALTIMED

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Financial year 2025 · closed on 31/12/2025

Net result

-26 k €

-213.9% YoY

Gross margin

-24,7 k €

-166.8% YoY

Equity

212,8 k €

-10.9% YoY

What does BALTIMED do?

BALTIMED is a Private company with limited liability incorporated in 2004. Its registered office is in Seraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.761.226

Incorporation

14/06/2004

Legal form

Private company with limited liability

Registered office

Rue de la Verrerie 53
4100 Seraing · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

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	-24,7 k €	-167%	37 k €	+164%	14 k €	-56.7%	32,3 k €	+8.2%	29,9 k €	+610%	4,2 k €	-83.2%	25,1 k €	+51.8%	16,5 k €	+75.2%	9,4 k €	-25.2%	12,6 k €	-39.4%	20,8 k €	-76.5%	88,6 k €	-55.7%	199,8 k €	+18.7%	168,4 k €	+17.9%	142,8 k €	-9.4%	157,5 k €	+11.7%	141 k €	+44.8%	97,4 k €	-0.3%	97,6 k €	-13.3%	112,6 k €
EBITDA	-25,7 k €	-173%	35,1 k €	+167%	13,1 k €	-57.0%	30,6 k €	+5.7%	28,9 k €	+838%	3,1 k €	-85.3%	20,9 k €	+32.7%	15,8 k €	+92.7%	8,2 k €	-28.2%	11,4 k €	-42.9%	19,9 k €	-77.2%	87,4 k €	-56.0%	198,9 k €	+18.9%	167,3 k €	+18.0%	141,8 k €	-9.5%	156,7 k €	+11.9%	140,1 k €	+45.4%	96,3 k €	-0.4%	96,8 k €	-13.7%	112,1 k €
Operating result	-28 k €	-194%	29,9 k €	+301%	7,5 k €	-69.7%	24,6 k €	+6.2%	23,2 k €	+2810%	-854,8 €	-105%	18,5 k €	+30.8%	14,1 k €	+143%	5,8 k €	-29.2%	8,2 k €	-23.5%	10,7 k €	-85.3%	72,9 k €	-55.4%	163,2 k €	+23.2%	132,5 k €	+25.8%	105,3 k €	-13.1%	121,1 k €	+13.7%	106,5 k €	+57.3%	67,7 k €	-3.6%	70,2 k €	-18.6%	86,3 k €
Net result	-26 k €	-214%	22,8 k €	+303%	5,7 k €	-67.4%	17,4 k €	+4.7%	16,6 k €	+2509%	635,5 €	-95.8%	15 k €	+28.2%	11,7 k €	+192%	4 k €	-62.6%	10,7 k €	-10.8%	12 k €	-74.5%	47,2 k €	-58.2%	112,9 k €	+28.5%	87,9 k €	+27.4%	69 k €	-13.1%	79,4 k €	+12.7%	70,5 k €	+44.5%	48,8 k €	+2.2%	47,7 k €	-21.7%	60,9 k €
Balance sheet
Equity	212,8 k €	-10.9%	238,8 k €	+10.6%	215,9 k €	+2.7%	210,3 k €	+9.0%	192,9 k €	+9.4%	176,3 k €	-20.9%	222,9 k €	+7.2%	207,8 k €	+6.0%	196,1 k €	+2.1%	192,1 k €	+5.9%	181,4 k €	+7.1%	169,3 k €	+38.6%	122,2 k €	-41.6%	209,2 k €	+72.4%	121,3 k €	+132%	52,3 k €	-69.7%	172,9 k €	+68.8%	102,4 k €	-45.7%	188,7 k €	+33.9%	140,9 k €
Total assets	223,7 k €	-11.0%	251,3 k €	+14.8%	218,8 k €	+0.9%	216,9 k €	+10.1%	197,1 k €	+7.0%	184,2 k €	-19.5%	228,8 k €	+6.1%	215,7 k €	+7.5%	200,6 k €	+3.1%	194,6 k €	+4.0%	187,2 k €	-7.1%	201,4 k €	-46.0%	372,8 k €	+42.4%	261,8 k €	+32.8%	197,1 k €	-19.2%	244,1 k €	-18.9%	301 k €	-11.8%	341,4 k €	+9.8%	311 k €	+8.6%	286,4 k €
Cash	126,3 k €	-17.7%	153,4 k €	+26.3%	121,5 k €	-8.4%	132,7 k €	+6.4%	124,6 k €	-1.2%	126,1 k €	-16.2%	150,4 k €	-4.5%	157,5 k €	-0.3%	158 k €	-2.2%	161,6 k €	+230%	49 k €	-46.7%	92 k €	-22.3%	118,4 k €	+109%	56,5 k €	+312%	13,7 k €	-51.4%	28,2 k €	-22.5%	36,4 k €	+4541%	785 €	+763%	91 €	-98.0%	4,6 k €
Debts	10,9 k €	-12.8%	12,5 k €	+334%	2,9 k €	-56.7%	6,7 k €	+59.8%	4,2 k €	-47.0%	7,9 k €	+32.3%	6 k €	-24.6%	7,9 k €	+74.6%	4,5 k €	+79.3%	2,5 k €	-56.5%	5,8 k €	-81.9%	32 k €	-86.9%	244,9 k €	+412%	47,8 k €	-32.7%	71,1 k €	-62.1%	187,5 k €	+49.7%	125,3 k €	-47.6%	238,9 k €	+95.3%	122,3 k €	-15.9%	145,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Barbara Abramowicz

Director · since 01 avril 2004

Active

Ended mandates

Barbara Abramowicz

Manager · since 01 avril 2004

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	11/08/2026	06/08/2025	22/08/2024	23/08/2023	22/08/2022	26/08/2021
General meeting	06/06/2026	07/06/2025	03/06/2024	03/06/2023	25/06/2022	20/08/2021
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
Micro model	31/12/2025	06/06/2026	11/08/2026	French	PDF
Micro model	31/12/2024	07/06/2025	06/08/2025	French	PDF
Micro model	31/12/2023	03/06/2024	22/08/2024	French	PDF
Micro model	31/12/2022	03/06/2023	23/08/2023	French	PDF
Micro model	31/12/2021	25/06/2022	22/08/2022	French	PDF
Micro model	31/12/2020	20/08/2021	26/08/2021	French	PDF
Micro model	31/12/2019	05/09/2020	23/09/2020	French	PDF
Micro model	31/12/2018	01/06/2019	27/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	03/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	18/06/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	20/06/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	25/08/2014	French	PDF
Abridged model	31/12/2012	01/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	02/06/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	05/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	10/08/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	13/08/2008	French	PDF
Abridged model	31/12/2006	02/06/2007	09/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 1 ended

Active mandates

Barbara Abramowicz

Director · since 01 avril 2004

Active

Ended mandates

Barbara Abramowicz

Manager · since 01 avril 2004

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office11/06/2025
SIEGE SOCIAL
PDF
Registered office28/12/2015
SIEGE SOCIAL
PDF
Other04/11/2004
DIVERS
PDF
Other22/06/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-26 k €↓
2024
Annual accounts 202422,8 k €↑
2023
Annual accounts 20235,7 k €↓
2022
Annual accounts 202217,4 k €↑
2021
Annual accounts 202116,6 k €↑
2020
Annual accounts 2020635,5 €↓
2019
Annual accounts 201915 k €↑
2018
Annual accounts 201811,7 k €↑
2017
Annual accounts 20174 k €↓
2016
Annual accounts 201610,7 k €↓
2015
Annual accounts 201512 k €↓
2014
Annual accounts 201447,2 k €↓
2013
Annual accounts 2013112,9 k €↑
2012
Annual accounts 201287,9 k €↑
2011
Annual accounts 201169 k €↓
2010
Annual accounts 201079,4 k €↑
2009
Annual accounts 200970,5 k €↑
2008
Annual accounts 200848,8 k €↑
2007
Annual accounts 200747,7 k €↓
2006
Annual accounts 200660,9 k €
14/06/2004
IncorporationPrivate company with limited liability

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

BALTIMED

Overview

What does BALTIMED 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