BALTHAZARD André
ActiveSummary
BALTHAZARD André has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €634k and a net result of €86k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 1277 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+5
Solvency97▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 6.85 against 30.83 in 2024; short-term debt: 14.4% and cash: 47.1% of total assets), and 28.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Veterinary activities (NACE 75)
about 90% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.9%
Return on assets
9.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
22 d late
2022
22 d late
2021
29 d late
2020
25 d late
2019
87 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€86k▲ 102%
2024 · €42k
2018: €-13klowest in 8 years
2019: €46k▲ +462% vs 2018
2020: €99k▲ +116% vs 2019highest in 8 years
2021: €84k▼ -15.2% vs 2020
2022: €24k▼ -71.1% vs 2021
2023: €26k▲ +5.4% vs 2022
2024: €42k▲ +65.8% vs 2023
2025: €86k▲ +102% vs 2024
2018 → 2025
Working capital
€744k▲ 1.1%
2024 · €736k
2018: €873k
2019: €930k▲ +6.4% vs 2018highest in 8 years
2020: €765k▼ -17.7% vs 2019
2021: €817k▲ +6.7% vs 2020
2022: €833k▲ +2.0% vs 2021
2023: €681k▼ -18.3% vs 2022lowest in 8 years
2024: €736k▲ +8.1% vs 2023
2025: €744k▲ +1.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€735k-€759k▲ 3.3%€595k▼ 21.6%€637k▲ 7.1%€634k▼ 0.6%
2021: €735k
2022: €759k▲ +3.3% vs 2021highest in 5 years
2023: €595k▼ -21.6% vs 2022lowest in 5 years
2024: €637k▲ +7.1% vs 2023
2025: €634k▼ -0.6% vs 2024
Operating result€85k-€24k▼ 71.5%€48k▲ 97.0%€46k▼ 3.7%€86k▲ 86.2%
2021: €85k
2022: €24k▼ -71.5% vs 2021lowest in 5 years
2023: €48k▲ +97.0% vs 2022
2024: €46k▼ -3.7% vs 2023
2025: €86k▲ +86.2% vs 2024highest in 5 years
Net result€84k-€24k▼ 71.1%€26k▲ 5.4%€42k▲ 65.8%€86k▲ 102%
2021: €84k
2022: €24k▼ -71.1% vs 2021lowest in 5 years
2023: €26k▲ +5.4% vs 2022
2024: €42k▲ +65.8% vs 2023
2025: €86k▲ +102% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 86% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €881k
Fixed assets
€9k ▼ 56.3%
Current assets
€872k ▲ 14.6%
Equity and liabilities €881k
Equity
€634k ▼ 0.6%
Provisions
€120k =
Debt
€127k ▲ 416%
Debt's share of the balance-sheet total rises from 3.2% to 14.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€99k▲
2024 · €59k
Cash flow
€99k▲
2024 · €56k
Current ratio
6.85▼
2024 · 30.83
Quick ratio
6.67▼
2024 · 28.04
Debt to equity
0.20▲
2024 · 0.04
ROE
13.5%▲
2024 · 6.7%
ROA
9.7%▲
2024 · 5.4%
Interest coverage
2054.71▲
2024 · 945.92
Debt ≤ 1 year
€127k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€782k€881k▲
Fixed assets21/28€21k€9k▼
Tangible fixed assets22/27€21k€9k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€12k€2k▼
Current assets29/58€761k€872k▲
Stocks and contracts in progress3€69k€23k▼
Stocks30/36€69k€23k▼
Amounts receivable within one year40/41€417k€433k▲
Trade receivables40€411k€433k▲
Other amounts receivable41€6k-
Cash at bank and in hand54/58€272k€415k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€782k€881k▲
Equity10/15€637k€634k▼
Contributions10/11€13k€13k=
Reserves13€209k€182k▼
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€208k€181k▼
Profit (loss) carried forward14€416k€439k▲
Provisions and deferred taxes16€120k€120k=
Provisions for liabilities and charges160/5€120k€120k=
Pensions and similar obligations160€120k€120k=
Amounts payable17/49€25k€127k▲
Amounts payable within one year42/48€25k€127k▲
Trade debts44€13k€16k▲
Suppliers440/4€13k€16k▲
Taxes, remuneration and social security45€4k€17k▲
Taxes450/3€4k€17k▲
Other amounts payable47/48€7k€95k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€52€3▼
Gross operating margin9900€60k€99k▲
Operating profit (loss)9901€46k€86k▲
Financial income75/76B€14k-
Recurring financial income75€691-
Non-recurring financial income76B€13k-
Financial charges65/66B€63€48▼
Recurring financial charges65€63€48▼
Profit (loss) for the period before taxes9903€60k€86k▲
Income taxes67/77€18k-
Profit (loss) for the period9904€42k€86k▲
Profit (loss) for the period to be appropriated9905€42k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€443k€501k▲
Profit (loss) brought forward from the previous period14P€401k€416k▲
Transfer from equity791/2-€90k
Transfer to equity691/2€28k€62k▲
To other reserves6921€28k€62k▲
Profit to be distributed694/7-€90k
Other beneficiaries697-€90k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €10k | €13k | €13k | €14k | ▲ 1.5% |
| Other operating charges640/8 | €7 | €9 | €16 | €52 | €3 | ▼ 93.5% |
| Gross operating margin9900 | €94k | €34k | €61k | €60k | €99k | ▲ 67.0% |
| Operating profit (loss)9901 | €85k | €24k | €48k | €46k | €86k | ▲ 86.2% |
| Financial income75/76B | - | - | - | €14k | - | - |
| Recurring financial income75 | - | - | - | €691 | - | - |
| Non-recurring financial income76B | - | - | - | €13k | - | - |
| Financial charges65/66B | €57 | €16 | €269 | €63 | €48 | ▼ 23.0% |
| Recurring financial charges65 | €57 | €16 | €97 | €63 | €48 | ▼ 23.0% |
| Non-recurring financial charges66B | - | - | €172 | - | - | - |
| Profit (loss) for the period before taxes9903 | €85k | €24k | €48k | €60k | €86k | ▲ 43.0% |
| Income taxes67/77 | €1k | - | €22k | €18k | - | - |
| Profit (loss) for the period9904 | €84k | €24k | €26k | €42k | €86k | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €84k | €24k | €26k | €42k | €86k | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €869k | €916k | €748k | €782k | €881k | ▲ 12.6% |
| Fixed assets21/28 | €38k | €46k | €34k | €21k | €9k | ▼ 56.3% |
| Tangible fixed assets22/27 | €38k | €46k | €34k | €21k | €9k | ▼ 56.3% |
| Plant, machinery and equipment23 | €38k | €18k | €15k | €9k | €7k | ▼ 24.2% |
| Furniture and vehicles24 | - | €28k | €20k | €12k | €2k | ▼ 81.0% |
| Current assets29/58 | €831k | €870k | €714k | €761k | €872k | ▲ 14.6% |
| Stocks and contracts in progress3 | €112k | €94k | €81k | €69k | €23k | ▼ 67.1% |
| Stocks30/36 | €112k | €94k | €81k | €69k | €23k | ▼ 67.1% |
| Amounts receivable within one year40/41 | €595k | €638k | €480k | €417k | €433k | ▲ 3.6% |
| Trade receivables40 | €549k | €504k | €478k | €411k | €433k | ▲ 5.1% |
| Other amounts receivable41 | €47k | €134k | €2k | €6k | - | - |
| Cash at bank and in hand54/58 | €122k | €136k | €151k | €272k | €415k | ▲ 52.6% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €3k | €2k | ▼ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €869k | €916k | €748k | €782k | €881k | ▲ 12.6% |
| Equity10/15 | €735k | €759k | €595k | €637k | €634k | ▼ 0.6% |
| Contributions10/11 | €13k | €13k | €13k | €13k | €13k | = |
| Reserves13 | €341k | €357k | €182k | €209k | €182k | ▼ 13.0% |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | €1k | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | €340k | €355k | €180k | €208k | €181k | ▼ 13.1% |
| Profit (loss) carried forward14 | €381k | €390k | €401k | €416k | €439k | ▲ 5.6% |
| Provisions and deferred taxes16 | €120k | €120k | €120k | €120k | €120k | = |
| Provisions for liabilities and charges160/5 | €120k | €120k | €120k | €120k | €120k | = |
| Pensions and similar obligations160 | €120k | €120k | €120k | €120k | €120k | = |
| Amounts payable17/49 | €14k | €37k | €33k | €25k | €127k | ▲ 416% |
| Amounts payable within one year42/48 | €14k | €37k | €33k | €25k | €127k | ▲ 416% |
| Trade debts44 | €11k | €33k | €13k | €13k | €16k | ▲ 16.0% |
| Suppliers440/4 | €11k | €33k | €13k | €13k | €16k | ▲ 16.0% |
| Taxes, remuneration and social security45 | €4k | €4k | €6k | €4k | €17k | ▲ 347% |
| Taxes450/3 | €4k | €4k | €6k | €4k | €17k | ▲ 347% |
| Other amounts payable47/48 | - | - | €15k | €7k | €95k | ▲ 1,172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €24k | €26k | €42k | €86k | ▲ 102% |
| + Depreciation and write-downs630 | €9k | €10k | €13k | €13k | €14k | ▲ 1.5% |
| Operating cash flow (approximation) | €93k | €34k | €39k | €56k | €99k | ▲ 78.0% |
| Investment in fixed assets (approximation) | - | €-18k | €-1k | €-613 | €-2k | ▼ 156% |
| Change in cash | - | €14k | €15k | €121k | €143k | ▲ 18.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 58.44
Current ratio from 17.19 to 58.44; short-term debt falls from €47k to €14k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €99k ▲116%
Operating result €102k, net result €99k, both a record.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 87 days late
2019
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hotton
Ground area
2,345 m²
Building footprint
278 m²
Parcel 83028B0402/00N000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83028B0402/00N000 | Wallonia | 2,345 m² | 1 · 278 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PAUL DEHON
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BAKTI
BE 0846.493.363
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Dierenarts Sylvie Toye
BE 0650.718.065
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Cabinet vétérinaire Cynthia Latteur
BE 0827.380.504
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Of 6,091 companies in sector 75000 we hold annual accounts for 1,951. 1,238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
75000Veterinary services
Scores and ratios are computed by Checked and are not a credit decision.