BALTA INDUSTRIES

Active

Public limited companyfounded 199036 yrs activeWakkensteenweg(S.B.V.) 2, 8710 Wielsbeke, BelgiumKBO/BCE: BE 0441.533.409

Summary

BALTA INDUSTRIES has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32.1m and a net result of €6.3m. Equity is shrinking by ~13% per year across the filed fiscal years. Its solvency ranks better than 6% of 169 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch Report Compare

BALTA INDUSTRIESActiveChecked score 79/100

Risk analysis Report Compare

Activity

Manufacture of textiles

NACE 13930NACE 17510

#1 employer in Belgium, Textiles sector3 sites

Size

€167.9mturnover 2025

Staff: 869.2 FTE
Equity: €32.1m
Profit: €6.3m

Financial health

79 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.5%

Structure

Parent: VICTORIA P.L.C.
Board: 4 members
Holdings: 5

Accounts 21 d early

Why 79- Liquidity: current ratio 1.41, cash €6.9m- Equity €32.1m (10.7% of total assets)- Figures for FY 2025 (filed 14-10-2025)+ Sector Manufacture of textiles (NACE 13)Show the evidence

Checked score

Score 2025

79 / 100

Excellent

Probability in this band: under 0.55%

Better than 31% of its sector peers (all companies)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 36-3

equity 10.7% of total assets

Liquidity 45+2

short-term debt 21.8% · cash 2.3%

Profitability 50-3

return on assets 2.1%

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (9 companies)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%● 0.0% vs 12-2024 02-2025: 0.4%● 0.0% vs 01-2025 03-2025: 0.4%● 0.0% vs 02-2025 04-2025: 0.4%● 0.0% vs 03-2025 05-2025: 0.4%▼ -3.6% vs 04-2025 06-2025: 0.4%▲ +2.3% vs 05-2025 07-2025: 0.4%● 0.0% vs 06-2025 08-2025: 0.4%▲ +0.7% vs 07-2025 09-2025: 0.4%▲ +0.5% vs 08-2025 10-2025: 0.5%▲ +19.3% vs 09-2025highest value 11-2025: 0.4%▼ -20.5% vs 10-2025 12-2025: 0.4%● 0.0% vs 11-2025 01-2026: 0.4%● 0.0% vs 12-2025 02-2026: 0.4%● 0.0% vs 01-2026 03-2026: 0.4%● 0.0% vs 02-2026 04-2026: 0.4%● 0.0% vs 03-2026 05-2026: 0.4%▼ -3.6% vs 04-2026lowest value 06-2026: 0.4%▲ +1.5% vs 05-2026 07-2026: 0.4%● 0.0% vs 06-2026 08-2026: 0.4%▲ +0.5% vs 07-2026 09-2026: 0.4%▲ +0.5% vs 08-2026 10-2026: 0.5%▲ +27.4% vs 09-2026highest value

Liquidity: current ratio 1.41, cash €6.9m raises the probability
Equity €32.1m (10.7% of total assets) raises the probability
Sector Manufacture of textiles (NACE 13) lowers the probability
Figures for FY 2025 (filed 14-10-2025) raises the probability

Credit up to €2,500,000 at 30 days acceptable

Liquidity tight (current ratio 1.41 against 1.31 in 2024; short-term debt: 21.8% and cash: 2.3% of total assets), and 89.3% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 19%, liquidity 50%, profitability 32%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Liquidity: current ratio 1.41, cash €6.9m

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Equity €32.1m (10.7% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Manufacture of textiles (NACE 13)

In the bankruptcy model this factor lowers the probability.

KBO

Figures for FY 2025 (filed 14-10-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 169 sector peers (2025).

NBB · sector comparison

Position among 169 sector peers

Solvency

better than 6%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

21 d early

2024

31 d early

2023

27 d early

2022

21 d early

2020

19 d early

2019

23 d early

2018

34 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 7 October (4 of the last 4 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

31-03-2026 close03-10-2026 today31-10-2026 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

21-08-26 Resignation: Marc Dessein BV (director)Appointment: DWR Consulting BV (director)…
07-04-26 MiscellaneousCorrection · Capital increase ·…
31-03-26 Capital & sharesAuditor report · Approval ·…

Key points

Caution: Among the weakest 7% on solvencysector median 53.5% · 169 companies 10.7% View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Controlled by VICTORIA P.L.C.itself parent of 5 companies parent View
Board changedlatest change 10-07-2026 · 4 in office 1 joined · 1 left View
Merger with Balta Servicesmerger on 24-07-2024 2024 View
Caution: Equity fell in 2025from €44.3m to €32.1m ▼ 27.5% View
Flemish supportawarded 2022 - 2025 €425,904 View