Max Baldeweg founded Balda-Werk in 1908. His first factory was in Dresden Germany. He was making inexpensive 35mm and medium format folding cameras for the mass market, and he also made for others to rebrand.
The first was the 1935 Baldina … kinda looked like the Welina and Retina … and he continued on that trend, hey whatever works (sells).
In 1946, Max fled to West Germany. The factory in Dresden, East Germany, was nationalized and in 1951 changed the name to Belca-Werk. He started again with Balda Kamera-Werk located in Bünde … and continued on where he left off.
You will find many of these Baldxxxx cameras, including some 126 and 110 cameras … that somehow avoided being named Bald (and some of the early box cameras).