BBT Security
ActiveSummary
BBT Security has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,528 and a net result of €38,937. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+19
Solvency83▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.64 against 3.6 in 2024; short-term debt: 25.3% and cash: 45.9% of total assets), and 42.3% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
57.7%
Return on assets
16.6%
Age of the figures
15 mo
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 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
7 d early
2023
41 d early
2022
20 d late
2021
21 d late
2020
1 d late
2019
28 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 5 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 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 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€135,528▲ 40.3%
2024 · €96,590
Total assets
€234,715▲ 67.5%
2024 · €140,120
Net result
€38,937▲ 1,973%
2024 · €1,878
Working capital
€97,125▲ 24.1%
2024 · €78,268
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€32,924▲ 266%€16,819▼ 48.9%€24,108▲ 43.3%€5,013▼ 79.2%€57,334▲ 1,044%
Net result€26,972▲ 242%€13,357▼ 50.5%€16,527▲ 23.7%€1,878▼ 88.6%€38,937▲ 1,973%
Equity€64,828▲ 71.2%€78,185▲ 20.6%€94,712▲ 21.1%€96,590▲ 2.0%€135,528▲ 40.3%
Total assets€120,939▲ 63.8%€113,212▼ 6.4%€142,297▲ 25.7%€140,120▼ 1.5%€234,715▲ 67.5%
Debt€56,111▲ 56.0%€35,028▼ 37.6%€47,585▲ 35.9%€43,529▼ 8.5%€99,187▲ 128%
Working capital€55,398▲ 155%€49,939▼ 9.9%€73,125▲ 46.4%€78,268▲ 7.0%€97,125▲ 24.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,044% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234,715
Fixed assets
€78,265 ▲ 147%
Current assets
€156,450 ▲ 44.3%
Equity and liabilities €234,715
Equity
€135,528 ▲ 40.3%
Debt
€99,187 ▲ 128%
Debt's share of the balance-sheet total rises from 31.1% to 42.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78,835▲
2024 · €18,944
Cash flow
€60,439▲
2024 · €15,809
Current ratio
2.64▼
2024 · 3.60
Quick ratio
2.47▼
2024 · 2.77
Debt to equity
0.73▲
2024 · 0.45
ROE
28.7%▲
2024 · 1.9%
ROA
16.6%▲
2024 · 1.3%
Interest coverage
21.88▲
2024 · 9.37
Debt ≤ 1 year
€59,324▲
2024 · €30,123
Debt > 1 year
€39,863▲
2024 · €13,406
Income taxes
€17,995▲
2024 · €1,578
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,066 | €9,091 | ▲ 340% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,491 | €13,014 | €10,649 | €13,931 | €21,501 | ▲ 54.3% |
| Other operating charges640/8 | - | €1,887 | €1,946 | €2,079 | €6,193 | ▲ 198% |
| Non-recurring operating charges66A | - | - | - | €5,916 | €0 | ▼ 100% |
| Gross operating margin9900 | €45,387 | €31,721 | €36,703 | €26,940 | €85,028 | ▲ 216% |
| Operating profit (loss)9901 | €32,924 | €16,819 | €24,108 | €5,013 | €57,334 | ▲ 1,044% |
| Financial income75/76B | - | €265 | €45 | €465 | €3,201 | ▲ 589% |
| Recurring financial income75 | €1 | €265 | €45 | €465 | €615 | ▲ 32.2% |
| Non-recurring financial income76B | - | - | - | - | €2,587 | - |
| Financial charges65/66B | - | €967 | €811 | €2,022 | €3,603 | ▲ 78.2% |
| Recurring financial charges65 | €1,307 | €967 | €811 | €2,022 | €3,603 | ▲ 78.2% |
| Profit (loss) for the period before taxes9903 | €31,618 | €16,116 | €23,342 | €3,456 | €56,932 | ▲ 1,547% |
| Income taxes67/77 | €4,646 | €2,760 | €6,815 | €1,578 | €17,995 | ▲ 1,041% |
| Profit (loss) for the period9904 | €26,972 | €13,357 | €16,527 | €1,878 | €38,937 | ▲ 1,973% |
| Profit (loss) for the period to be appropriated9905 | €26,972 | €13,357 | €16,527 | €1,878 | €38,937 | ▲ 1,973% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €120,939 | €113,212 | €142,297 | €140,120 | €234,715 | ▲ 67.5% |
| Fixed assets21/28 | €18,659 | €33,594 | €22,945 | €31,729 | €78,265 | ▲ 147% |
| Tangible fixed assets22/27 | €18,609 | €33,544 | €22,895 | €31,679 | €78,215 | ▲ 147% |
| Plant, machinery and equipment23 | - | €17,507 | €12,507 | €7,507 | €2,507 | ▼ 66.6% |
| Furniture and vehicles24 | - | €16,037 | €10,388 | €2,238 | €1,392 | ▼ 37.8% |
| Leasing and similar rights25 | - | - | - | €21,934 | €74,317 | ▲ 239% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €102,281 | €79,618 | €119,352 | €108,391 | €156,450 | ▲ 44.3% |
| Stocks and contracts in progress3 | €20,000 | €20,000 | €25,000 | €25,000 | €10,000 | ▼ 60.0% |
| Contracts in progress37 | - | €20,000 | €25,000 | €25,000 | €10,000 | ▼ 60.0% |
| Amounts receivable within one year40/41 | €67,790 | €19,795 | €40,995 | €27,945 | €34,740 | ▲ 24.3% |
| Trade receivables40 | - | €15,830 | €35,694 | €16,178 | €31,717 | ▲ 96.0% |
| Other amounts receivable41 | - | €3,965 | €5,301 | €11,767 | €3,023 | ▼ 74.3% |
| Current investments50/53 | €4,042 | €4,042 | €4,042 | €4,042 | €4,042 | = |
| Cash at bank and in hand54/58 | €10,449 | €35,186 | €49,315 | €51,404 | €107,668 | ▲ 109% |
| Deferred charges and accrued income490/1 | - | €596 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €120,939 | €113,212 | €142,297 | €140,120 | €234,715 | ▲ 67.5% |
| Equity10/15 | €64,828 | €78,185 | €94,712 | €96,590 | €135,528 | ▲ 40.3% |
| Contributions10/11 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | €58,578 | €71,935 | €88,462 | €90,340 | €129,278 | ▲ 43.1% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €70,075 | €88,462 | €90,340 | €129,278 | ▲ 43.1% |
| Amounts payable17/49 | €56,111 | €35,028 | €47,585 | €43,529 | €99,187 | ▲ 128% |
| Amounts payable after more than one year17 | €9,228 | €5,348 | €1,358 | €13,406 | €39,863 | ▲ 197% |
| Financial debts170/4 | - | €5,348 | €1,358 | €13,406 | €39,863 | ▲ 197% |
| Amounts payable within one year42/48 | €46,883 | €29,679 | €46,227 | €30,123 | €59,324 | ▲ 96.9% |
| Current portion of amounts payable after more than one year42 | - | €4,676 | €4,732 | €7,034 | €16,041 | ▲ 128% |
| Financial debts43 | - | - | €1,707 | €1,720 | €1,694 | ▼ 1.5% |
| Credit institutions430/8 | - | - | €1,707 | €1,720 | €1,694 | ▼ 1.5% |
| Trade debts44 | €28,295 | €10,119 | €24,322 | €3,780 | €18,526 | ▲ 390% |
| Suppliers440/4 | - | €10,119 | €24,322 | €3,780 | €18,526 | ▲ 390% |
| Taxes, remuneration and social security45 | - | €3,800 | €4,133 | €7,300 | €6,834 | ▼ 6.4% |
| Taxes450/3 | - | €1,800 | €2,133 | €3,300 | €2,834 | ▼ 14.1% |
| Remuneration and social security454/9 | - | €2,000 | €2,000 | €4,000 | €4,000 | = |
| Other amounts payable47/48 | - | €11,084 | €11,333 | €10,289 | €16,228 | ▲ 57.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,972 | €13,357 | €16,527 | €1,878 | €38,937 | ▲ 1,973% |
| + Depreciation and write-downs630 | €10,491 | €13,014 | €10,649 | €13,931 | €21,501 | ▲ 54.3% |
| Operating cash flow (approximation) | €37,463 | €26,371 | €27,176 | €15,809 | €60,439 | ▲ 282% |
| Investment in fixed assets (approximation) | - | -€27,950 | €0 | -€22,714 | -€68,038 | ▼ 200% |
| Change in cash | - | €24,737 | €14,129 | €2,090 | €56,264 | ▲ 2,593% |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €38,937 ▲1,973%
Operating result €57,334, net result €38,937, both a record.
30-06
Financial
Equity above €100,000Eq €135,528 ▲40.3%
7 profitable years in a row build equity to €135,528.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €1,878 ▼88.6%
Net result drops to €1,878, the lowest in the series; recovery starts the following year.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 20 days late
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 12 days late
2017
16-01
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 5 acts read
About the unread acts
We know of 5 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
5 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, Avelgem · 1 establishment unit since 2004
Ground area
695 m²
Building footprint
219 m²
Volume, LiDAR
1,027 m³
Parcel 34003A1076/00W004, Flanders · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BBT Security
since 20042.142.298.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34003A1076/00W004 | Flanders | 695 m² | 1 · 219 m² | 10.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 662 EUR awarded · 662 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 287 EUR | 356 EUR |
| 2024 | 1 | 375 EUR | 306 EUR |
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VERITEC
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,327. 8,685 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
Founded06-10-2004
Fiscal year end30-06
Abbreviation NL
BBT
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.