ACTIVE

Baltisse Real Estate

Financial year 2025 · Closed on 31/12/2025

Net result-8,4 M €-117,0 %over 1 year

Revenue652,2 k €-10,3 %over 1 year

Equity271,8 M €-3,0 %over 1 year

Identity

Source · BCE/KBO

Baltisse Real Estate is a Public limited company incorporated in 2004. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Gent.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0866.682.528
Incorporation: 06/08/2004
Legal form: Public limited company
Registered office: Pauline Van Pottelsberghelaan 10
9051 Gent · FlandreSee on map
Contributed capital: 269 266 373,89 €
Latest accounts: 31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	652,2 k €	-10.3%	727,4 k €	+17.9%	617,2 k €	-27.7%	853,6 k €	-27.6%	1,2 M €
EBITDA	-5,6 M €	+16.6%	-6,8 M €	+8.9%	-7,4 M €	-120%	-3,4 M €	-52.0%	-2,2 M €
Operating result	-6,2 M €	+14.1%	-7,2 M €	+8.3%	-7,9 M €	-106%	-3,8 M €	-45.8%	-2,6 M €
Net result	-8,4 M €	-117%	49,2 M €	-30.0%	70,3 M €	+733%	8,4 M €	-26.1%	11,4 M €
Balance sheet
Equity	271,8 M €	-3.0%	280,2 M €	+0.8%	278 M €	-6.0%	295,7 M €	+2.9%	287,3 M €
Total assets	329,6 M €	-5.8%	349,9 M €	-17.6%	424,7 M €	+9.8%	386,8 M €	-4.4%	404,5 M €
Cash	22,2 M €	+153%	8,8 M €	+543%	1,4 M €	-77.9%	6,2 M €	-56.7%	14,3 M €
Debts	56,6 M €	-18.3%	69,3 M €	-52.4%	145,4 M €	+62.4%	89,5 M €	-23.4%	116,8 M €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Catherine MATTON	Director12/06/2004 → 10/06/2028
Filiep BALCAEN	Managing director12/06/2004 → 10/06/2028
Louis BALCAEN	Director21/10/2019 → 10/06/2028
Marc JANSSENS	Director23/12/2020 → 10/06/2028
Patrick VERBRUGGE	Director01/10/2015 → 10/06/2028
Simon BALCAEN	Director13/06/2020 → 10/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Didier YSENBAERT	Director12/06/2010 → 2020 accounts

Other companies at this address

Pauline Van Pottelsberghelaan 10 9051 Gent

Company	CBE no.
226 INVEST● Active	1039.768.041
ARCHIMEDES OFFICES● Active	0778.865.854
ARDENO● Active	0766.286.934
ARGIBEL● Active	0419.150.757
AtlantaCo● Active	0635.989.606
Avenue Building● Active	0838.744.449
AXS Liège● Active	0805.568.667
Balmaris Holdco● Active	1036.438.070
BALTAIR● Active	0723.772.626
BALTISSE● Active	0885.922.180
Baltisse Abacus● Active	1015.606.826
Baltisse Management Incentive● Active	1034.175.594
Baltisse Real Estate Investments● Active	0788.252.979
BBSD25● Active	1032.209.266
BLUE LINE STORAGE● Active	0734.703.437
BUILDING● Active	0435.543.856
Clara Construct● Active	1031.918.662
De Veste● Active	0792.431.602
De Veste Monument● Active	1010.243.914
Floorenter● Active	0640.884.938

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	04/08/2026	27/06/2025	23/07/2024	31/08/2023	29/07/2022	27/08/2021
General meeting	06/07/2026	23/06/2025	18/07/2024	31/08/2023	30/06/2022	12/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	06/07/2026	04/08/2026	Dutch	PDF
Full model	31/12/2024	23/06/2025	27/06/2025	Dutch	PDF
Full model	31/12/2023	18/07/2024	23/07/2024	Dutch	PDF
Full model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Full model	31/12/2020	12/06/2021	27/08/2021	Dutch	PDF
Full model	31/12/2019	13/06/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	30/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	09/06/2018	10/07/2018	Dutch	PDF
Abridged model	31/12/2016	10/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	24/08/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	18/07/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	15/07/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	24/07/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	19/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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

6 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Catherine MATTON	Director12/06/2004 → 10/06/2028
Filiep BALCAEN	Managing director12/06/2004 → 10/06/2028
Louis BALCAEN	Director21/10/2019 → 10/06/2028
Marc JANSSENS	Director23/12/2020 → 10/06/2028
Patrick VERBRUGGE	Director01/10/2015 → 10/06/2028
Simon BALCAEN	Director13/06/2020 → 10/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Didier YSENBAERT	Director12/06/2010 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/09/2026
Herbenoeming commissaris; ontslag en benoeming bestuurders; ontslag
PDF
Other01/07/2025
DOEL
PDF
Other14/12/2023
DIVERSEN
PDF
Other31/05/2023
BENAMING
PDF
Mandates06/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/07/2020
KAPITAAL - AANDELEN
PDF
Mandates13/07/2020
ONTSLAGEN - BENOEMINGEN
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

Filings20 filings

Mandates

Filiep BALCAEN

Catherine MATTON

Patrick VERBRUGGE

Marc JANSSENS

Simon BALCAEN

Louis BALCAEN

Didier YSENBAERT

Eric VAN POUCKE

2004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

Baltisse Real EstateBALTISSIMMO

Pauline Van Pottelsberghelaan 10, 9051 Sint-Denijs-Westrem

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Pauline Van Pottelsberghelaan 10, 9051 Sint-Denijs-WestremCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00379986

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Baltisse Real EstateCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00379986
BALTISSIMMO	accounts 2006 → 2021	Accounts 2021 · 2022-20256865

Events

2025
Annual accounts 2025-8,4 M €↓
2024
Annual accounts 202449,2 M €↓
2023
Annual accounts 202370,3 M €↑
2022
Annual accounts 20228,4 M €↓
2022
Name changeBaltisse Real Estate
30/06/2022
reconductionMatton Catherine · bestuurder
30/06/2022
reconductionBalcaen Filiep · bestuurder
30/06/2022
reconductionJanssens Marc · bestuurder
30/06/2022
reconductionBalcaen Simon · bestuurder
30/06/2022
reconductionBalcaen Louis · bestuurder
30/06/2022
reconductionPatrick Verbrugge · bestuurder
2021
Annual accounts 202111,4 M €↑
2020
Annual accounts 20206,1 M €↓
2019
Annual accounts 201923,1 M €↓
2018
Annual accounts 201828,3 M €↑
2017
Annual accounts 2017-1,2 M €↓
2016
Annual accounts 2016-812,3 k €↓
2015
Annual accounts 20157,6 M €↑
2014
Annual accounts 2014-216,2 k €↑
2013
Annual accounts 2013-277,4 k €↓
2012
Annual accounts 2012-125,2 k €↓
2011
Annual accounts 2011-7,2 k €↑
2010
Annual accounts 2010-12,2 k €↑
2009
Annual accounts 2009-1 M €↑
2008
Annual accounts 2008-2 M €↓
2007
Annual accounts 200737,6 k €↑
2006
Annual accounts 20068,6 k €
06/08/2004
IncorporationPublic limited company

Baltisse Real Estate

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events