BEL TRADING
ActiveBEL TRADING has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €4k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 70% of 252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
96
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+4
Solvency84▲+12
Growth85▲+13
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.04 in 2024), and 46.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 79
Relative position
BE, all sectors
reference
Sector 79
higher
← 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
53.4%
Return on assets
8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €29k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
36 d early
2023
48 d early
2022
24 d early
2021
31 d late
2020
5 d late
2019
59 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€84k▲ 26.3%
2018 · €66k
2018: €66k
2018 → 2019
EBIT margin
0.7%▲ 2.0pp
2018 · -1.3%
2018: -1.3%
2018 → 2019
Net result
€4k▲ 24.7%
2024 · €3k
2018: €-2k
2019: €545
2020: €-24k
2021: €-7k
2022: €27k
2023: €-664
2024: €3k
2018 → 2025
Working capital
€11k▲ 1,235%
2024 · €839
2018: €5k
2019: €10k
2020: €-7k
2021: €-12k
2022: €15k
2023: €-4k
2024: €839
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-5k-€22k€21k▼ 3.1%€24k▲ 16.4%€29k▲ 17.6%
Operating result€-6k-€29k€3k▼ 89.2%€8k▲ 148%€12k▲ 55.7%
Net result€-7k-€27k€-664€3k€4k▲ 24.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€17k▼ 34.5%
Current assets
€36k▲ 51.7%
Equity and liabilities €54k
Equity
€29k▲ 17.6%
Debt
€25k▼ 4.2%
The debt ratio falls from 51.7% to 46.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€21k▲
2024 · €18k
Cash flow
€13k▼
2024 · €14k
Solvency
53.4%▲
2024 · 48.3%
Current ratio
1.45▲
2024 · 1.04
Quick ratio
1.45▲
2024 · 1.04
Debt / equity
0.87▼
2024 · 1.07
ROE
15.0%▲
2024 · 14.1%
ROA
8.0%▲
2024 · 6.8%
Interest coverage
3.91▼
2024 · 16.89
Debt
€25k▼
2024 · €26k
Debt ≤ 1 year
€25k▲
2024 · €23k
Income taxes
€2k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€50k€54k▲
Fixed assets21/28€27k€17k▼
Tangible fixed assets22/27€26k€17k▼
Furniture and vehicles24€26k€17k▼
Financial fixed assets28€236€236=
Current assets29/58€24k€36k▲
Amounts receivable within one year40/41€4k€4k▲
Trade receivables40€2k€2k▼
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€17k€26k▲
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€50k€54k▲
Equity10/15€24k€29k▲
Contributions10/11€114k€114k=
Capital10€114k€114k=
Issued capital100€248k€248k=
Uncalled capital101€134k€134k=
Profit (loss) carried forward14€-90k€-85k▲
Amounts payable17/49€26k€25k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€23k€25k▲
Current portion of amounts payable after more than one year42€9k€3k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€6k€916▼
Taxes450/3€4k€916▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€7k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€22k€27k▲
Operating profit (loss)9901€8k€12k▲
Financial income75/76B€10€101▲
Recurring financial income75€10€101▲
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€7k€7k▲
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€3k€4k▲
Profit (loss) for the period to be appropriated9905€3k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-90k€-85k▲
Profit (loss) brought forward from the previous period14P€-93k€-90k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 2.49
Current ratio from 0.49 to 2.49; short-term debt falls from €24k to €10k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Weakest financial yearnet €-24k ▼4520%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
31-12
Financial
Back to profitnet €545
Net result €545 after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wavre · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Venelle des Voltigeurs 51300 WavreGround area
702 m²
Building footprint
92 m²
Volume, LiDAR
663 m³
Parcel 25772K0103/00W004, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BTSA SERVICE CENTER
since 19972.080.567.450
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772K0103/00W004 | Wallonia | 702 m² | 1 · 92 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Sterkmans Global
BE 0806.287.160
Sint-Joost-ten-Node · Eq €29k
SF Tourism & Training
BE 1024.410.268
Sint-Joost-ten-Node · Eq €28k
KonsulTra
BE 0553.806.256
Aalst · Eq €27k
GLOBAL ENTERPRISES
BE 0470.178.695
Brussel · Eq €27k
GLITTERIN'
BE 0791.395.977
Beveren-Kruibeke-Zwijndrecht · Eq €31k
Of 1,844 companies in sector 79901 we hold annual accounts for 146. 99 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-1996
Fiscal year end31-12
Trade name FR
BTSA SERVICE CENTER
Activities, NACEBEL
79901Tourist information services
46110Wholesale trade
46232Wholesale trade
46851Wholesale of industrial chemicals
47120Other non-specialised retail sale
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
51550
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:btsaservice@gmail.com
Phone:+3210453830
Phone:+32477280061