Subsidiaries and holdings
- Victoria Regina Holding99.53%
- Baltisse Real Estate Investments99.4%
- BUILDING97.6%
- Immo Resi Woluwe93.67%
- AXS Liège67.5%
- ARDENO67.12%
- Woluwe 46 Constructions62%
- Waterside Herentals55.4%
Baltisse Real Estate
ActiveSummary
Baltisse Real Estate has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €271.8m and a net result of -€8.4m. Equity has been stable since 2018 (±1.9% per year). Its solvency ranks better than 82% of 5,795 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 06-08-2004 Normal situation
- Registered office
- 61 active companies are registered at this address 9 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
- Establishment unit
- 2.240.602.109 9051 Gent, since 06-08-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Board and ownership
Board
- Filiep (gezegd Filip) Marie Angèle Gaston Joseph BALCAENChair
- Marc JanssensDirector
- Simon BalcaenDirector
- Auditor
- Finvision Bedrijfsrevisoren Waregem BV
Shareholders
- BALTISSE59.92%2025 annual accounts of BALTISSE
- ENTERHOLD S.A.consolidatedLEI register
- Floorenter40.07%· score 932025 annual accounts of Floorenter
- Holdings
- Shares in 30 companies including Avenue Building and BALTISSE REAL ESTATE LUX
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Turnover
- €652,233
- ▼ 10.3%
- Loss
- €8.4m
- Equity
- €271.8m
- ▼ 3.0%
- Total assets
- €329.6m
- ▼ 5.8%
- 2025 accounts filed 4 days after the deadline
Score breakdownraises riskLoss of €8.4m (financial year 2025)Liquidity: current ratio 16.72, cash €22.2mlowers riskSize: turnover €652,233, total assets €329.6mFigures for financial year 2025 (filed on 05-08-2026)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of large companies in real estate (NACE 68)
Financial strength · tick: 2024
Average
Solvency
100=
equity 82.5% of total assets
Liquidity
58+7
short-term debt 0.8% · cash 6.7%
Profitability
10-14
return on assets -2.5%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.3 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 16.72 (2.0 in 2024), above the usual 1.5. Short-term debt is 0.8% and cash 6.7% of total assets. 17.5% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, large). It does better than 92% of them on solvency, 85% on liquidity, 2% on profitability and 28% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
4 days late
2024
34 days early
2023
8 days early
2022
31 days late
2021
2 days early
2020
27 days late
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed 2 directors appointed, 5 directors resigningResignations: Patrick Verbrugge, Louis Balcaen and 3 others · Appointments: Alexander van Ravels BV (director) and Assets Invest BV (director) · Reappointment: Finvision Bedrijfsrevisoren BV (statutory auditor)
- · Gazette deed Purpose
- · Gazette deed Reappointment: Finvision Bedrijfsrevisoren Waregem BV (statutory auditor)
Companies linked to Baltisse Real Estate
Comparable companies
These companies have the same main activity as Baltisse Real Estate: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €142m and €243m, founded between 1982 and 2008.
| Company | Total assets | Turnover |
|---|---|---|
| Baltisse Real Estate Gent | €329.6m | €0.7m |
| Association Intercommunale de Financement pour l'Equipement Economique de la Province de Luxembourg Arlon | €243.3m | €0.6m |
| E.T.A. Herselt | €193.8m | €0.5m |
| M&M Management Antwerpen | €142.5m | €0.7m |
| ANKER Antwerpen | €191.9m | €0.5m |
| SOFABO Herve | €231.9m | €1.3m |
| AMBO HOLDING Gent | €186.5m | €0.2m |
Key facts about Baltisse Real Estate
- What is the company number of Baltisse Real Estate?
- The company number of Baltisse Real Estate is 0866.682.528. The VAT number is the same number with BE in front: BE 0866.682.528.
- Where is Baltisse Real Estate based?
- The registered office is at Pauline Van Pottelsberghelaan 10, 9051 Gent.Company details
- What does Baltisse Real Estate do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Baltisse Real Estate?
- The legal form of Baltisse Real Estate is Public limited company (NV).
- When was Baltisse Real Estate founded?
- Baltisse Real Estate was founded on 06-08-2004.
- Is Baltisse Real Estate still active?
- Yes, Baltisse Real Estate is an active enterprise in the KBO register.
- What is the turnover of Baltisse Real Estate?
- The turnover of Baltisse Real Estate was €652,233 in financial year 2025, according to the filed annual accounts.Financials
- Is Baltisse Real Estate profitable?
- In financial year 2025, Baltisse Real Estate made a loss of €8.4m.
- Where can I find the annual accounts of Baltisse Real Estate?
- Baltisse Real Estate filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Baltisse Real Estate due?
- Baltisse Real Estate must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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