B.T.E. CY
ActiveSummary
B.T.E. CY has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,594 and a net result of -€2,470. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 71% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-86
Solvency91▼-9
Growth22▼-18
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.94 against 4.64 in 2024; short-term debt: 4.2% and cash: 1.8% of total assets), and 34% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66%
Return on assets
-9.3%
Age of the figures
9 mo
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 10-06-2026, 51 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
51 d early
2024
9 d early
2023
36 d early
2022
48 d early
2021
36 d late
2020
4 d late
2019
52 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 26 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€17,475▼ 67.3%
2024 · €53,422
EBIT margin
-13.3%▼ 32.9pp
2024 · 19.6%
Net result
-€2,470
2024 · €10,338
Working capital
-€71
2024 · €677
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€17,011▲ 1,811%€11,281▼ 33.7%€20,913▲ 85.4%€53,422▲ 155%€17,475▼ 67.3%
Operating result€605-€4,710€7,006€10,485▲ 49.7%-€2,326
Net result€605below the sector's middle half-€4,795below the sector's middle half€6,871within the sector's middle half€10,338within the sector's middle half▲ 50.5%-€2,470below the sector's middle half
EBIT margin3.6%▲ 1879.1pp-41.8%▼ 45.3pp33.5%▲ 75.3pp19.6%▼ 13.9pp-13.3%▼ 32.9pp
Equity€7,650below the sector's middle half▲ 8.6%€2,855below the sector's middle half▼ 62.7%€9,726below the sector's middle half▲ 241%€20,064below the sector's middle half▲ 106%€17,594below the sector's middle half▼ 12.3%
Total assets€20,836below the sector's middle half▲ 22.2%€10,018below the sector's middle half▼ 51.9%€20,460below the sector's middle half▲ 104%€21,510below the sector's middle half▲ 5.1%€26,639below the sector's middle half▲ 23.8%
Debt€13,186▲ 31.8%€7,163▼ 45.7%€10,734▲ 49.9%€1,446▼ 86.5%€9,045▲ 526%
Working capital€10,437below the sector's middle half▲ 1,097%€273below the sector's middle half▼ 97.4%€4,402within the sector's middle half▲ 1,512%€677below the sector's middle half▼ 84.6%-€71below the sector's middle half
Solvency36.7%within the sector's middle half▼ 4.6pp28.5%within the sector's middle half▼ 8.2pp47.5%within the sector's middle half▲ 19.0pp93.3%above the sector's middle half▲ 45.7pp66.0%within the sector's middle half▼ 27.2pp
Current ratio1.34within the sector's middle half3.47above the sector's middle half▲ 2.134.64above the sector's middle half▲ 1.170.94below the sector's middle half▼ 3.70
Return on assets (ROA)2.9%within the sector's middle half▲ 100.9pp-47.9%below the sector's middle half▼ 50.8pp33.6%above the sector's middle half▲ 81.4pp48.1%above the sector's middle half▲ 14.5pp-9.3%below the sector's middle half▼ 57.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2,326 after €10,485 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26,639
Fixed assets
€25,602 ▲ 24.0%
Current assets
€1,037 ▲ 20.2%
Equity and liabilities €26,639
Equity
€17,594 ▼ 12.3%
Debt
€9,045 ▲ 526%
Debt's share of the balance-sheet total rises from 6.7% to 34.0%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.51▲
2024 · 0.07
ROE
-14.0%▼
2024 · 51.5%
Debt ≤ 1 year
€1,108▲
2024 · €186
Debt > 1 year
€7,937▲
2024 · €1,260
Staff costs
€399▲
2024 · €387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,441 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €17,011 | €11,281 | €20,913 | €53,422 | €17,475 | ▼ 67.3% |
| Non-recurring operating income76A | - | €76 | €598 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €5,949 | €8,549 | €13,960 | - | - | - |
| Remuneration, social security and pensions62 | €347 | €347 | €384 | €387 | €399 | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,892 | €3,802 | - | - | - | - |
| Non-recurring operating charges66A | - | €3,294 | €161 | - | - | - |
| Gross operating margin9900 | €6,844 | €2,733 | €7,551 | €10,872 | -€1,927 | ▼ 118% |
| Operating profit (loss)9901 | €605 | -€4,710 | €7,006 | €10,485 | -€2,326 | ▼ 122% |
| Financial income75/76B | - | €76 | - | - | - | - |
| Recurring financial income75 | - | €76 | - | - | - | - |
| Non-recurring financial income76B | - | €76 | - | - | - | - |
| Financial charges65/66B | - | €161 | €135 | €147 | €144 | ▼ 2.0% |
| Recurring financial charges65 | - | €161 | €135 | €147 | €144 | ▼ 2.0% |
| Non-recurring financial charges66B | - | - | €135 | €147 | - | - |
| Profit (loss) for the period before taxes9903 | €605 | -€4,795 | €6,871 | €10,338 | -€2,470 | ▼ 124% |
| Profit (loss) for the period9904 | €605 | -€4,795 | €6,871 | €10,338 | -€2,470 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | €605 | -€4,795 | €6,871 | €10,338 | -€2,470 | ▼ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,836 | €10,018 | €20,460 | €21,510 | €26,639 | ▲ 23.8% |
| Fixed assets21/28 | €10,303 | €8,944 | €14,275 | €20,647 | €25,602 | ▲ 24.0% |
| Intangible fixed assets21 | €148 | - | - | - | - | - |
| Tangible fixed assets22/27 | €10,155 | €7,545 | €14,066 | €18,939 | €25,439 | ▲ 34.3% |
| Plant, machinery and equipment23 | - | - | €332 | €4,127 | €4,127 | = |
| Furniture and vehicles24 | €10,155 | €7,545 | €12,065 | €11,341 | €17,841 | ▲ 57.3% |
| Other tangible fixed assets26 | - | - | €1,669 | €3,471 | €3,471 | = |
| Financial fixed assets28 | - | €1,399 | €209 | €1,708 | €163 | ▼ 90.5% |
| Current assets29/58 | €10,533 | €1,074 | €6,185 | €863 | €1,037 | ▲ 20.2% |
| Amounts receivable after more than one year29 | €4,948 | €990 | €6,061 | €805 | €498 | ▼ 38.1% |
| Trade receivables290 | €4,167 | - | €5,174 | €715 | - | - |
| Other amounts receivable291 | €781 | €990 | €887 | €90 | €498 | ▲ 453% |
| Cash at bank and in hand54/58 | €5,585 | €84 | €124 | €58 | €487 | ▲ 740% |
| Deferred charges and accrued income490/1 | - | - | - | - | €52 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,836 | €10,018 | €20,460 | €21,510 | €26,639 | ▲ 23.8% |
| Equity10/15 | €7,650 | €2,855 | €9,726 | €20,064 | €17,594 | ▼ 12.3% |
| Contributions10/11 | €21,000 | €23,100 | €23,100 | €23,100 | €23,100 | = |
| Capital10 | €21,000 | - | - | - | - | - |
| Issued capital100 | €21,000 | - | - | - | - | - |
| Reserves13 | €2,100 | - | - | - | - | - |
| Non-distributable reserves130/1 | €2,100 | - | - | - | - | - |
| Legal reserve130 | €2,100 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€15,450 | -€20,245 | -€13,374 | -€3,036 | -€5,506 | ▼ 81.4% |
| Amounts payable17/49 | €13,186 | €7,163 | €10,734 | €1,446 | €9,045 | ▲ 526% |
| Amounts payable after more than one year17 | €13,090 | €6,362 | €8,951 | €1,260 | €7,937 | ▲ 530% |
| Financial debts170/4 | - | €6,362 | - | - | - | - |
| Other amounts payable178/9 | €13,090 | - | €8,951 | €1,260 | €7,937 | ▲ 530% |
| Amounts payable within one year42/48 | €96 | €801 | €1,783 | €186 | €1,108 | ▲ 496% |
| Trade debts44 | €96 | €353 | €1,783 | €186 | €1,108 | ▲ 496% |
| Suppliers440/4 | €96 | €353 | €1,783 | €186 | €1,108 | ▲ 496% |
| Taxes, remuneration and social security45 | - | €448 | - | - | - | - |
| Taxes450/3 | - | €448 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €605 | -€4,795 | €6,871 | €10,338 | -€2,470 | ▼ 124% |
| + Depreciation and write-downs630 | €5,892 | €3,802 | - | - | - | - |
| Operating cash flow (approximation) | €6,497 | -€993 | €6,871 | €10,338 | -€2,470 | ▼ 124% |
| Investment in fixed assets (approximation) | - | -€2,443 | -€5,331 | -€6,372 | -€4,955 | ▲ 22.2% |
| Change in cash | - | -€5,501 | €40 | -€66 | €429 | ▲ 750% |
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
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €10,338 ▲50.5%
Operating result €10,485, net result €10,338, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6,871
Net result €6,871 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.47
Current ratio from 1.34 to 3.47.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 36 days late
2021
31-12
Financial
Back to profitnet €605
Net result €605 after 2 loss-making years.
31-12
Financial
Liquidity times 14current ratio 109.72
Current ratio from 7.71 to 109.72; short-term debt falls from €130 to €96.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
2020
31-12
Financial
Weakest financial yearnet -€16,707
Net result drops to -€16,707, the lowest in the series; recovery starts the following year.
Show earlier events
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 5current ratio 4.10
Current ratio from 0.82 to 4.10; short-term debt falls from €10,649 to €1,321.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Beauraing
Ground area
655 m²
Building footprint
99 m²
Volume, LiDAR
774 m³
Parcel 91011C0154/00W000, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91011C0154/00W000 | Wallonia | 655 m² | 1 · 99 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,140 companies in sector 43910 we hold annual accounts for 5,492. 3,752 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43230Insulation installation
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678367718
Also
9925:BE0678367718
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.