B & T
ActiveSummary
B & T has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 95% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-15
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 64.26 against 65.16 in 2024; short-term debt: 1.3% and cash: 25.7% of total assets), and 1.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
98.5%
Return on assets
6.5%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €87k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-12-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
50 d early
2022
42 d early
2021
46 d early
2020
45 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€21k▼ 31.8%
2024 · €31k
2023: €11klowest in 3 years
2024: €31k▲ +186% vs 2023highest in 3 years
2025: €21k▼ -31.8% vs 2024
2023 → 2025
EBIT margin
-7.5%▼ 35.5pp
2024 · 28.0%
2023: -52.6%lowest in 3 years
2024: 28.0%▲ +153% vs 2023highest in 3 years
2025: -7.5%▼ -127% vs 2024
2023 → 2025
Net result
€6k▼ 54.0%
2024 · €13k
2019: €-13klowest in 7 years
2020: €-1k▲ +89.6% vs 2019
2021: €-4k▼ -186% vs 2020
2022: €101▲ +103% vs 2021
2023: €-4k▼ -4418% vs 2022
2024: €13k▲ +388% vs 2023highest in 7 years
2025: €6k▼ -54.0% vs 2024
2019 → 2025
Working capital
€74k▲ 16.3%
2024 · €64k
2019: €74k
2020: €74k▲ +0.4% vs 2019highest in 7 years
2021: €72k▼ -3.3% vs 2020
2022: €72k▲ +0.1% vs 2021
2023: €47k▼ -35.2% vs 2022lowest in 7 years
2024: €64k▲ +36.9% vs 2023
2025: €74k▲ +16.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11k€31k▲ 186%€21k▼ 31.8%
2023: €11klowest in 3 years
2024: €31k▲ +186% vs 2023highest in 3 years
2025: €21k▼ -31.8% vs 2024
Equity€73k-€73k▲ 0.1%€69k▼ 6.0%€81k▲ 18.3%€87k▲ 7.1%
2021: €73k
2022: €73k▲ +0.1% vs 2021
2023: €69k▼ -6.0% vs 2022lowest in 5 years
2024: €81k▲ +18.3% vs 2023
2025: €87k▲ +7.1% vs 2024highest in 5 years
Operating result€-5k-€-1k▲ 72.7%€-6k▼ 291%€9k€-2k
2021: €-5k
2022: €-1k▲ +72.7% vs 2021
2023: €-6k▼ -291% vs 2022lowest in 5 years
2024: €9k▲ +252% vs 2023highest in 5 years
2025: €-2k▼ -118% vs 2024
Net result€-4k-€101€-4k€13k€6k▼ 54.0%
2021: €-4k
2022: €101▲ +103% vs 2021
2023: €-4k▼ -4418% vs 2022lowest in 5 years
2024: €13k▲ +388% vs 2023highest in 5 years
2025: €6k▼ -54.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€13k ▼ 26.0%
Current assets
€75k ▲ 16.3%
Equity and liabilities €89k
Equity
€87k ▲ 7.1%
Debt
€1k ▲ 15.2%
Debt's share of the balance-sheet total rises from 1.4% to 1.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €13k
Cash flow
€10k▼
2024 · €17k
Current ratio
64.26▼
2024 · 65.16
Debt to equity
0.02▲
2024 · 0.01
ROE
6.6%▼
2024 · 15.5%
ROA
6.5%▼
2024 · 15.2%
Interest coverage
103.97▼
2024 · 556.87
Debt ≤ 1 year
€1k▲
2024 · €996
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€83k€89k▲
Fixed assets21/28€18k€13k▼
Tangible fixed assets22/27€16k€12k▼
Furniture and vehicles24€16k€12k▼
Financial fixed assets28€1k€1k=
Current assets29/58€65k€75k▲
Amounts receivable after more than one year29€36k€38k▲
Other amounts receivable291€36k€38k▲
Amounts receivable within one year40/41€27k€14k▼
Trade receivables40€26k€14k▼
Other amounts receivable41€1k€3▼
Cash at bank and in hand54/58€1k€23k▲
Deferred charges and accrued income490/1€928€680▼
Equity and liabilities
Total equity and liabilities10/49€83k€89k▲
Equity10/15€81k€87k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€11k€11k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€4k€4k=
Distributable reserves133€855€855=
Profit (loss) carried forward14€9k€15k▲
Amounts payable17/49€1k€1k▲
Amounts payable within one year42/48€996€1k▲
Trade debts44€996€1k▲
Suppliers440/4€996€1k▲
Accrued charges and deferred income492/3€191€192▲
Income statement
Code20242025
Turnover70€31k€21k▼
Goods, raw materials, services and sundry goods60/61€17k€18k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€587€495▼
Gross operating margin9900€14k€4k▼
Operating profit (loss)9901€9k€-2k▼
Financial income75/76B€4k€7k▲
Recurring financial income75€4k€2k▼
Non-recurring financial income76B-€5k
Financial charges65/66B€24€29▲
Recurring financial charges65€24€29▲
Profit (loss) for the period before taxes9903€13k€6k▼
Profit (loss) for the period9904€13k€6k▼
Profit (loss) for the period to be appropriated9905€13k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€15k▲
Profit (loss) brought forward from the previous period14P€-4k€9k▲
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €11k | €31k | €21k | ▼ 31.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €14k | €17k | €18k | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | - | €2k | €5k | €5k | = |
| Other operating charges640/8 | - | €340 | €433 | €587 | €495 | ▼ 15.7% |
| Gross operating margin9900 | €-4k | €-1k | €-3k | €14k | €4k | ▼ 74.8% |
| Operating profit (loss)9901 | €-5k | €-1k | €-6k | €9k | €-2k | ▼ 118% |
| Financial income75/76B | - | €2k | €1k | €4k | €7k | ▲ 91.5% |
| Recurring financial income75 | €2k | €2k | €1k | €4k | €2k | ▼ 37.5% |
| Non-recurring financial income76B | - | - | - | - | €5k | - |
| Financial charges65/66B | - | €68 | €24 | €24 | €29 | ▲ 21.3% |
| Recurring financial charges65 | €201 | €68 | €24 | €24 | €29 | ▲ 21.3% |
| Profit (loss) for the period before taxes9903 | €-4k | €101 | €-4k | €13k | €6k | ▼ 54.0% |
| Profit (loss) for the period9904 | €-4k | €101 | €-4k | €13k | €6k | ▼ 54.0% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €101 | €-4k | €13k | €6k | ▼ 54.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74k | €75k | €70k | €83k | €89k | ▲ 7.2% |
| Fixed assets21/28 | €1k | €1k | €22k | €18k | €13k | ▼ 26.0% |
| Tangible fixed assets22/27 | - | - | €21k | €16k | €12k | ▼ 28.2% |
| Furniture and vehicles24 | - | - | €21k | €16k | €12k | ▼ 28.2% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €73k | €73k | €48k | €65k | €75k | ▲ 16.3% |
| Amounts receivable after more than one year29 | - | €66k | €37k | €36k | €38k | ▲ 6.8% |
| Other amounts receivable291 | - | €66k | €37k | €36k | €38k | ▲ 6.8% |
| Amounts receivable within one year40/41 | €6k | €5k | €9k | €27k | €14k | ▼ 48.6% |
| Trade receivables40 | - | €3k | €3k | €26k | €14k | ▼ 45.8% |
| Other amounts receivable41 | - | €2k | €6k | €1k | €3 | ▼ 99.8% |
| Cash at bank and in hand54/58 | €2k | €1k | €458 | €1k | €23k | ▲ 1,869% |
| Deferred charges and accrued income490/1 | - | €575 | €893 | €928 | €680 | ▼ 26.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74k | €75k | €70k | €83k | €89k | ▲ 7.2% |
| Equity10/15 | €73k | €73k | €69k | €81k | €87k | ▲ 7.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €11k | €11k | €11k | €11k | €11k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | €855 | €855 | €855 | €855 | = |
| Profit (loss) carried forward14 | €481 | €583 | €-4k | €9k | €15k | ▲ 65.8% |
| Amounts payable17/49 | €1k | €1k | €1k | €1k | €1k | ▲ 15.2% |
| Amounts payable within one year42/48 | €1k | €1k | €858 | €996 | €1k | ▲ 17.9% |
| Trade debts44 | €1k | €1k | €858 | €996 | €1k | ▲ 17.9% |
| Suppliers440/4 | - | €1k | €858 | €996 | €1k | ▲ 17.9% |
| Accrued charges and deferred income492/3 | - | €172 | €172 | €191 | €192 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €101 | €-4k | €13k | €6k | ▼ 54.0% |
| + Depreciation and write-downs630 | €1k | - | €2k | €5k | €5k | = |
| Operating cash flow (approximation) | €-2k | €101 | €-2k | €17k | €10k | ▼ 39.5% |
| Investment in fixed assets (approximation) | - | €0 | €-23k | €0 | €0 | - |
| Change in cash | - | €-154 | €-987 | €700 | €22k | ▲ 2,993% |
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
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Back to profitnet €101
Net result €101 after 3 loss-making years.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Herselt · 1 establishment unit since 1997
Ground area
1,819 m²
Building footprint
238 m²
Volume, LiDAR
1,343 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
B & T NV
since 19972.082.054.421
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392M1157/00D000 | Flanders | 961 m² | 1 · 220 m² | 8.5 m · 2 fl. |
| 13392M1157/00E000 | Flanders | 858 m² | 1 · 18 m² | 2.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,167 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-05-1997
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationOrdinary general meeting
Agenda
Verslag raad van bestuur. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Herbenoemingen. Divers. (AOPC1900333/04.02) (3786) CASOVEF, naamloze vennootschap, Wolvenberg 31, 9700 OUDENAARDE Ondernemingsnummer 0437.327.171 Algemene vergadering ter zetel op 24/02/2009 om 14 uur. Agenda : Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Ontslag en benoemingen. Divers. (AOPC-1-9-00214/04.02) (3787) 7987 MONITEUR BELGE — 04.02.2009 — BELGISCH STAATSBLAD HP-INVEST, naamloze vennootschap, Lindestraat, 1785 MERCHTEM Ondernemingsnummer 0432.073.236 Algemene vergadering ter zetel op 24/02/2009 om 16 uur. Agenda : Jaarverslag. Goedkeuring jaarrekeni ...