BALTUS MARC
ActiveBALTUS MARC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.52M and a net result of €-207k. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 41% of 4147 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-13
Solvency53▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.44 in 2024; short-term debt: 26.1% and cash: 1.7% of total assets), and 71.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
28.1%
Return on assets
-2.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-207k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
13 d early
2023
9 d early
2022
17 d early
2021
29 d early
2020
17 d early
2019
64 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-207k▼ 698%
2024 · €-26k
2018: €102k
2019: €272k
2020: €611k
2021: €756k
2022: €329k
2023: €207k
2024: €-26k
2018 → 2025
Working capital
€-1.44M▼ 34.9%
2024 · €-1.07M
2018: €-624k
2019: €-584k
2020: €-401k
2021: €-409k
2022: €-773k
2023: €-803k
2024: €-1.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.20M-€2.53M▲ 14.9%€2.77M▲ 9.7%€2.74M▼ 1.2%€2.52M▼ 7.9%
Operating result€1.01M-€480k▼ 52.5%€422k▼ 12.0%€129k▼ 69.5%€-42k
Net result€756k-€329k▼ 56.5%€207k▼ 36.9%€-26k€-207k▼ 698%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €42k after €129k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.97M
Fixed assets
€8.06M▼ 2.8%
Current assets
€907k▲ 10.1%
Equity and liabilities €8.97M
Equity
€2.52M▼ 7.9%
Provisions
€10k▼ 4.5%
Debt
€6.44M▲ 0.9%
The debt ratio rises from 69.9% to 71.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€533k▼
2024 · €715k
Cash flow
€368k▼
2024 · €561k
Solvency
28.1%▼
2024 · 30.0%
Current ratio
0.39▼
2024 · 0.44
Quick ratio
0.18▼
2024 · 0.22
Debt / equity
2.55▲
2024 · 2.33
ROE
-8.2%▼
2024 · -0.9%
ROA
-2.3%▼
2024 · -0.3%
Interest coverage
3.08▼
2024 · 4.41
Debt
€6.44M▲
2024 · €6.38M
Debt ≤ 1 year
€2.35M▲
2024 · €1.89M
Debt > 1 year
€4.04M▼
2024 · €4.38M
Income taxes
€1k▼
2024 · €2k
Staff costs
€1.20M▼
2024 · €1.46M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9.13M€8.97M▼
Formation expenses20€11k€6k▼
Fixed assets21/28€8.29M€8.06M▼
Intangible fixed assets21€98k€92k▼
Tangible fixed assets22/27€7.01M€6.78M▼
Land and buildings22€3.93M€3.76M▼
Plant, machinery and equipment23€2.81M€2.61M▼
Furniture and vehicles24€137k€121k▼
Leasing and similar rights25€17k€15k▼
Other tangible fixed assets26€118k€284k▲
Financial fixed assets28€1.18M€1.18M=
Current assets29/58€823k€907k▲
Stocks and contracts in progress3€409k€480k▲
Stocks30/36€409k€480k▲
Amounts receivable within one year40/41€310k€257k▼
Trade receivables40€167k€124k▼
Other amounts receivable41€143k€133k▼
Cash at bank and in hand54/58€99k€151k▲
Deferred charges and accrued income490/1€5k€18k▲
Equity and liabilities
Total equity and liabilities10/49€9.13M€8.97M▼
Equity10/15€2.74M€2.52M▼
Contributions10/11€195k€195k=
Capital10€195k€195k=
Issued capital100€195k€195k=
Reserves13€63k€61k▼
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132€43k€41k▼
Profit (loss) carried forward14€2.31M€2.11M▼
Investment grants15€167k€160k▼
Provisions and deferred taxes16€11k€10k▼
Deferred taxes168€11k€10k▼
Amounts payable17/49€6.38M€6.44M▲
Amounts payable after more than one year17€4.38M€4.04M▼
Financial debts170/4€4.38M€4.04M▼
Amounts payable within one year42/48€1.89M€2.35M▲
Current portion of amounts payable after more than one year42€866k€757k▼
Financial debts43€61k€419k▲
Credit institutions430/8€61k€419k▲
Trade debts44€800k€911k▲
Suppliers440/4€800k€911k▲
Taxes, remuneration and social security45€160k€177k▲
Taxes450/3€12k€31k▲
Remuneration and social security454/9€148k€146k▼
Other amounts payable47/48€4k€83k▲
Accrued charges and deferred income492/3€111k€56k▼
Income statement
Code20242025
Non-recurring operating income76A€120k€28k▼
Remuneration, social security and pensions62€1.46M€1.20M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€587k€575k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€53k€45k▼
Non-recurring operating charges66A€699€-3k▼
Gross operating margin9900€2.23M€1.78M▼
Operating profit (loss)9901€129k€-42k▼
Financial income75/76B€9k€9k▲
Recurring financial income75€9k€9k▲
Financial charges65/66B€162k€173k▲
Recurring financial charges65€162k€173k▲
Profit (loss) for the period before taxes9903€-25k€-206k▼
Transfer from deferred taxes780€487€487=
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€-26k€-207k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€-24k€-205k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.31M€2.11M▼
Profit (loss) brought forward from the previous period14P€2.34M€2.31M▼
Social balance
Average headcount (FTE)908732.321.8▼
The notes to these accounts (27 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-207k
Net result drops to €-207k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €756k ▲23.8%
Operating result €1.01M, net result €756k, both a record.
31-12
Financial
Equity above €2MEq €2.20M ▲52.2%
4 profitable years in a row build equity to €2.20M.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €1MEq €1.44M ▲72.9%
3 profitable years in a row build equity to €1.44M.
03-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 64 days late
2019
07-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, La Roche-en-Ardenne · 7 establishment units since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vecmont 1156980 La Roche-en-ArdenneGround area
7,597 m²
Building footprint
627 m²
Volume, LiDAR
1,745 m³
6 parcels, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
7 establishment units
BALTUS MARC SA
since 19952.071.270.494
BOUCHERIE BALTUS
since 20072.163.967.258
SIGNE JEANNE
since 20152.240.560.537
BOUCHERIE BALTUS
since 20182.281.791.079
Ruelle des Chats 3, 6980 La Roche-en-Ardenne
since 20212.318.804.301
BALTUS MARC
since 20222.328.258.336
Show 1 more locations
BALTUS MARC
since 20252.371.509.151
6 parcels
Wallonia
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83005C1244/00A000 | Wallonia | 4,269 m² | - | - |
| 83016B0659/00E002 | Wallonia | 2,781 m² | 1 · 182 m² | - |
| 83031A0619/00M000 | Wallonia | 266 m² | 1 · 103 m² | - |
| 82302B0250/02F000 | Wallonia | 148 m² | 1 · 138 m² | 15.9 m · 4 fl. |
| 83031A0598/00E000 | Wallonia | 107 m² | 1 · 159 m² | - |
| 83031D0484/00A000 | Wallonia | 27 m² | 1 · 44 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
7 sitesLa-Roche-en-Ardenne2.328.258.336
Bastogne2.163.967.258
Durbuy2.281.791.079
La-Roche-en-Ardenne2.071.270.494
Show 3 more sites
La-Roche-en-Ardenne2.240.560.537
La-Roche-en-Ardenne2.318.804.301
Libramont-Chevigny2.371.509.151
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,562. 413 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-04-1995
Fiscal year end31-12
Activities, NACEBEL
47221Retail sale of meat and meat products, excluding game and poultry
52220
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47252Retail sale of beverages, general range
52112
52250Logistics services
55522
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.