Overview
- A commercial court in Buenos Aires has formally opened a concurso preventivo for Alfajores Baltazar and set a timetable that requires creditors to verify claims by October 9 and gives the company exclusivity until August 13, 2027.
- The company's 2025 accounts show a steep decline in sales from AR$3,646 million in 2024 to AR$2,545 million in 2025 and a net loss of AR$1,088.5 million that erased most of its equity.
- Alfajores Baltazar reported liabilities exceeding roughly AR$1 billion, with about AR$400 million in bank loans, AR$554 million owed to suppliers, more than AR$63 million in tax liabilities, and a single supplier, Vacalin, owed over AR$224 million.
- The firm says production and distribution continue and it is negotiating with creditors to preserve jobs after staff cuts in August 2025 reduced payroll to about 25–27 employees.
- The case highlights pressure on premium snack makers from a fall in mass consumption and expensive short-term financing and could end in either a negotiated reprofile under court supervision or liquidation if creditors and the company cannot reach an accord.