BCTEC
ActiveSummary
The computed 12-month bankruptcy probability of BCTEC is 2.2% (moderate). The 2025 annual accounts show equity of €73,604 and a net result of €12,369. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 52% of 28281 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-10
Solvency74▼-2
Growth52=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.96 in 2024; short-term debt: 50.4% and cash: 8.8% of total assets), but 50.9% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
49.1%
Return on assets
8.2%
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 29-01-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
on the day
2022
1 d early
2021
58 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 11 days after 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. Usually files around 30 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€73,604▲ 20.2%
2024 · €61,235
Total assets
€150,041▲ 25.5%
2024 · €119,548
Net result
€12,369▼ 35.7%
2024 · €19,245
Working capital
€63,051▲ 33.0%
2024 · €47,422
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
Operating result€26,205-€8,121▼ 69.0%€17,472▲ 115%€26,820▲ 53.5%€21,688▼ 19.1%
Net result€20,977within the sector's middle half-€4,016within the sector's middle half▼ 80.9%€11,997within the sector's middle half▲ 199%€19,245within the sector's middle half▲ 60.4%€12,369within the sector's middle half▼ 35.7%
Equity€25,977within the sector's middle half-€29,993within the sector's middle half▲ 15.5%€41,990within the sector's middle half▲ 40.0%€61,235within the sector's middle half▲ 45.8%€73,604within the sector's middle half▲ 20.2%
Total assets€75,806within the sector's middle half-€131,807within the sector's middle half▲ 73.9%€128,582within the sector's middle half▼ 2.4%€119,548within the sector's middle half▼ 7.0%€150,041within the sector's middle half▲ 25.5%
Debt€49,829-€101,814▲ 104%€86,592▼ 15.0%€58,313▼ 32.7%€76,437▲ 31.1%
Working capital€24,489within the sector's middle half-€13,419within the sector's middle half▼ 45.2%€25,150within the sector's middle half▲ 87.4%€47,422within the sector's middle half▲ 88.6%€63,051within the sector's middle half▲ 33.0%
Solvency34.3%within the sector's middle half-22.8%within the sector's middle half▼ 11.5pp32.7%within the sector's middle half▲ 9.9pp51.2%within the sector's middle half▲ 18.6pp49.1%within the sector's middle half▼ 2.2pp
Current ratio1.49within the sector's middle half-1.20within the sector's middle half▼ 0.291.38within the sector's middle half▲ 0.181.96within the sector's middle half▲ 0.581.83within the sector's middle half▼ 0.13
Return on assets (ROA)27.7%above the sector's middle half-3.0%within the sector's middle half▼ 24.6pp9.3%within the sector's middle half▲ 6.3pp16.1%within the sector's middle half▲ 6.8pp8.2%within the sector's middle half▼ 7.9pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150,041
Fixed assets
€11,345 ▼ 50.1%
Current assets
€138,696 ▲ 43.3%
Equity and liabilities €150,041
Equity
€73,604 ▲ 20.2%
Debt
€76,437 ▲ 31.1%
Debt's share of the balance-sheet total rises from 48.8% to 50.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33,290▼
2024 · €43,119
Cash flow
€23,970▼
2024 · €35,544
Quick ratio
1.34▼
2024 · 1.34
Debt to equity
1.04▲
2024 · 0.95
ROE
16.8%▼
2024 · 31.4%
Interest coverage
14.22▼
2024 · 53.36
Debt ≤ 1 year
€75,645▲
2024 · €49,380
Debt > 1 year
€693▼
2024 · €8,933
Income taxes
€7,449▲
2024 · €6,849
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,975 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €614 | €12,833 | €16,078 | €16,299 | €11,601 | ▼ 28.8% |
| Other operating charges640/8 | - | €3,455 | €971 | €975 | €1,412 | ▲ 44.8% |
| Gross operating margin9900 | €26,819 | €24,409 | €34,522 | €44,094 | €34,702 | ▼ 21.3% |
| Operating profit (loss)9901 | €26,205 | €8,121 | €17,472 | €26,820 | €21,688 | ▼ 19.1% |
| Financial income75/76B | - | €32 | €86 | €82 | €472 | ▲ 474% |
| Recurring financial income75 | - | €32 | €86 | €82 | €472 | ▲ 474% |
| Financial charges65/66B | - | €1,201 | €817 | €808 | €2,342 | ▲ 190% |
| Recurring financial charges65 | €21 | €1,201 | €817 | €808 | €2,342 | ▲ 190% |
| Profit (loss) for the period before taxes9903 | €26,184 | €6,952 | €16,741 | €26,094 | €19,818 | ▼ 24.1% |
| Income taxes67/77 | €5,207 | €2,937 | €4,744 | €6,849 | €7,449 | ▲ 8.8% |
| Profit (loss) for the period9904 | €20,977 | €4,016 | €11,997 | €19,245 | €12,369 | ▼ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €20,977 | €4,016 | €11,997 | €19,245 | €12,369 | ▼ 35.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,806 | €131,807 | €128,582 | €119,548 | €150,041 | ▲ 25.5% |
| Fixed assets21/28 | €1,488 | €51,618 | €36,856 | €22,746 | €11,345 | ▼ 50.1% |
| Tangible fixed assets22/27 | €1,488 | €51,618 | €36,856 | €21,646 | €10,045 | ▼ 53.6% |
| Plant, machinery and equipment23 | - | €2,943 | €3,150 | €2,910 | €1,727 | ▼ 40.6% |
| Furniture and vehicles24 | - | €48,676 | €33,706 | €18,737 | €8,318 | ▼ 55.6% |
| Financial fixed assets28 | - | - | - | €1,100 | €1,300 | ▲ 18.2% |
| Current assets29/58 | €74,318 | €80,189 | €91,726 | €96,802 | €138,696 | ▲ 43.3% |
| Amounts receivable after more than one year29 | - | €3,615 | €133 | €137 | €141 | ▲ 3.0% |
| Trade receivables290 | - | €3,615 | €133 | €137 | €141 | ▲ 3.0% |
| Stocks and contracts in progress3 | - | €11,798 | €24,518 | €30,650 | €37,467 | ▲ 22.2% |
| Stocks30/36 | - | €11,798 | €24,518 | €30,650 | €37,467 | ▲ 22.2% |
| Amounts receivable within one year40/41 | €62,030 | €47,245 | €41,283 | €47,567 | €86,583 | ▲ 82.0% |
| Trade receivables40 | - | €44,700 | €35,265 | €33,547 | €74,067 | ▲ 121% |
| Other amounts receivable41 | - | €2,544 | €6,018 | €14,020 | €12,515 | ▼ 10.7% |
| Cash at bank and in hand54/58 | €11,926 | €16,667 | €24,060 | €17,339 | €13,244 | ▼ 23.6% |
| Deferred charges and accrued income490/1 | - | €864 | €1,733 | €1,110 | €1,262 | ▲ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,806 | €131,807 | €128,582 | €119,548 | €150,041 | ▲ 25.5% |
| Equity10/15 | €25,977 | €29,993 | €41,990 | €61,235 | €73,604 | ▲ 20.2% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €20,977 | €24,993 | €36,990 | €56,235 | €68,604 | ▲ 22.0% |
| Amounts payable17/49 | €49,829 | €101,814 | €86,592 | €58,313 | €76,437 | ▲ 31.1% |
| Amounts payable after more than one year17 | - | €35,044 | €20,016 | €8,933 | €693 | ▼ 92.2% |
| Financial debts170/4 | - | €35,044 | €20,016 | €8,933 | €693 | ▼ 92.2% |
| Amounts payable within one year42/48 | €49,829 | €66,770 | €66,576 | €49,380 | €75,645 | ▲ 53.2% |
| Current portion of amounts payable after more than one year42 | - | €14,776 | €15,028 | €11,083 | €8,241 | ▼ 25.6% |
| Trade debts44 | €41,670 | €21,910 | €21,332 | €30,677 | €45,922 | ▲ 49.7% |
| Suppliers440/4 | - | €21,910 | €21,332 | €30,677 | €45,922 | ▲ 49.7% |
| Advances received on contracts in progress46 | - | €26,296 | €24,687 | - | €10,628 | - |
| Taxes, remuneration and social security45 | - | €3,788 | €5,529 | €7,621 | €10,854 | ▲ 42.4% |
| Taxes450/3 | - | €3,788 | €5,529 | €7,621 | €10,854 | ▲ 42.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €100 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,977 | €4,016 | €11,997 | €19,245 | €12,369 | ▼ 35.7% |
| + Depreciation and write-downs630 | €614 | €12,833 | €16,078 | €16,299 | €11,601 | ▼ 28.8% |
| Operating cash flow (approximation) | €21,591 | €16,848 | €28,076 | €35,544 | €23,970 | ▼ 32.6% |
| Investment in fixed assets (approximation) | - | -€62,963 | -€1,317 | -€2,189 | -€200 | ▲ 90.9% |
| Change in cash | - | €4,740 | €7,393 | -€6,720 | -€4,095 | ▲ 39.1% |
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €4,016 ▼80.9%
Net result drops to €4,016, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zonnebeke · 1 establishment unit since 2021
Ground area
1,672 m²
Building footprint
228 m²
Volume, LiDAR
741 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BCTEC
since 20212.312.942.927
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037A0799/00A008 | Flanders | 1,298 m² | 1 · 136 m² | 8.5 m · 2 fl. |
| 33037A0796/00N000 | Flanders | 374 m² | 1 · 92 m² | 0.1 m |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 273 EUR awarded · 273 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 273 EUR | 273 EUR |
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Of 9,537 companies in sector 43222 we hold annual accounts for 5,668. 4,814 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
Founded03-02-2021
Fiscal year end30-06
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0762858676
Also
9925:BE0762858676
Registered
29-04-2026
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.