Financials
- Fiscal year
- 2025
- Total assets
- €13,845
- Loss
- -€4,639
- Solvency
- 14.9%
Total assets▲ 5.4%
Net result
20182025
BALTA STONE
ActiveSummary
The annual accounts of BALTA STONE for fiscal year 2025 show a net loss of 69% of the equity at the start of that year. The 2025 annual accounts show equity of €2,056 and a net result of -€4,639. Equity is shrinking by ~22% per year across the filed fiscal years. Its solvency ranks better than 18% of 30651 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Other specialised construction activities
NACE 43990NACE 43999
1 site
Size
€13,845total assets 2025
- Equity
- €2,056
- Loss
- -€4,639
Turnover not published (abridged schema)
Structure
Accounts filed 26 d late0 of 14 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €4,639 (FY 2025)- 1 change of registered office in 24 months- Sector Specialised construction activities (NACE 43)+ Size: total assets €13,845Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 19% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
40-36
equity 14.9% of total assets
Liquidity
53-23
short-term debt 85.1% · cash 43.6%
Profitability
0-48
return on assets -33.5%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 17 months
06-2025: 0.5%
07-2025: 0.2%▼ -56.7% vs 06-2025lowest value
08-2025: 0.2%● 0.0% vs 07-2025lowest value
09-2025: 0.2%● 0.0% vs 08-2025lowest value
10-2025: 0.2%● 0.0% vs 09-2025lowest value
11-2025: 0.2%● 0.0% vs 10-2025lowest value
12-2025: 0.2%● 0.0% vs 11-2025lowest value
01-2026: 0.4%▲ +87.7% vs 12-2025
02-2026: 0.4%▼ -1.7% vs 01-2026
03-2026: 0.4%▼ -3.0% vs 02-2026
04-2026: 0.5%▲ +16.0% vs 03-2026
05-2026: 0.6%▲ +21.9% vs 04-2026
06-2026: 0.5%▼ -5.6% vs 05-2026
07-2026: 0.6%▲ +13.9% vs 06-2026
08-2026: 1.0%▲ +69.1% vs 07-2026
09-2026: 1.1%▲ +8.9% vs 08-2026highest value
10-2026: 1.1%● 0.0% vs 09-2026highest value
- Size: total assets €13,845 lowers the probability for this profile
- Loss of €4,639 (FY 2025) raises the probability
- 1 change of registered office in 24 months raises the probability
- Sector Specialised construction activities (NACE 43) raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.14 against 1.98 in 2024; short-term debt: 85.1% and cash: 43.6% of total assets), and 85.1% 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 (NACE 43, micro). Better than this share of them on solvency 17%, liquidity 48%, profitability 4%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 30651 sector peers (2025).
NBB · sector comparisonPosition among 30651 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
26 d late
2024
35 d early
2023
13 d late
2022
25 d late
2021
23 d late
2020
30 d late
2019
60 d late
← 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 20 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2018
- Next accounts
- by 31-07-2027
- 26-08-2026Annual accounts filed
- 26-06-2025Annual accounts filed
- 13-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other specialised construction activitiesNACE 43990
- Founded
- 23-09-2016
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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