BHTB
ActiveSummary
The computed 12-month bankruptcy probability of BHTB is 4.2% (elevated). The 2024 annual accounts show equity of €52,295 and a net result of €772. Equity is growing by ~28.2% per year across the filed fiscal years. Its solvency ranks better than 74% of 36370 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
An elevated bankruptcy probability caps the score. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-8
Solvency94▼-5
Growth57▼-28
Track record100
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.26 against 3.88 in 2023; short-term debt: 31.3% and cash: 23.3% of total assets), and 31.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 →
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 2024Solvency, return and age of the figures
Solvency
68.7%
Return on assets
1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-11-2025, 99 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
99 d late
2023
11 d late
2022
60 d late
2021
81 d late
2020
82 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 67 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 (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
€186,329▼ 22.6%
2023 · €240,609
EBIT margin
5.6%▼ 1.0pp
2023 · 6.6%
Net result
€772▼ 93.1%
2023 · €11,101
Working capital
€6,296▼ 87.7%
2023 · €51,015
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€127,236-€221,695▲ 74.2%€164,792▼ 25.7%€240,609▲ 46.0%€186,329▼ 22.6%
Operating result€2,435-€9,466▲ 289%€28,503▲ 201%€15,965▼ 44.0%€10,483▼ 34.3%
Net result€3,014within the sector's middle half-€9,091within the sector's middle half▲ 202%€23,318within the sector's middle half▲ 156%€11,101within the sector's middle half▼ 52.4%€772within the sector's middle half▼ 93.1%
EBIT margin1.9%-4.3%▲ 2.4pp17.3%▲ 13.0pp6.6%▼ 10.7pp5.6%▼ 1.0pp
Equity€8,014below the sector's middle half-€17,105below the sector's middle half▲ 113%€40,422within the sector's middle half▲ 136%€51,524within the sector's middle half▲ 27.5%€52,295within the sector's middle half▲ 1.5%
Total assets€48,478below the sector's middle half-€44,411below the sector's middle half▼ 8.4%€45,843below the sector's middle half▲ 3.2%€69,215within the sector's middle half▲ 51.0%€76,086within the sector's middle half▲ 9.9%
Debt€40,464-€27,306▼ 32.5%€5,421▼ 80.1%€17,691▲ 226%€23,791▲ 34.5%
Working capital€439below the sector's middle half-€12,563within the sector's middle half▲ 2,762%€38,914within the sector's middle half▲ 210%€51,015within the sector's middle half▲ 31.1%€6,296within the sector's middle half▼ 87.7%
Solvency16.5%below the sector's middle half-38.5%within the sector's middle half▲ 22.0pp88.2%above the sector's middle half▲ 49.7pp74.4%above the sector's middle half▼ 13.7pp68.7%within the sector's middle half▼ 5.7pp
Current ratio1.01below the sector's middle half-1.46within the sector's middle half▲ 0.458.18above the sector's middle half▲ 6.723.88above the sector's middle half▼ 4.291.26within the sector's middle half▼ 2.62
Return on assets (ROA)6.2%within the sector's middle half-20.5%above the sector's middle half▲ 14.3pp50.9%above the sector's middle half▲ 30.4pp16.0%within the sector's middle half▼ 34.8pp1.0%within the sector's middle half▼ 15.0pp
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 has fallen two years in a row; 2024 is 34% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €76,086
Fixed assets
€46,000 ▲ 8,941%
Current assets
€30,086 ▼ 56.2%
Equity and liabilities €76,086
Equity
€52,295 ▲ 1.5%
Debt
€23,791 ▲ 34.5%
Debt's share of the balance-sheet total rises from 25.6% to 31.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20,778▲
2023 · €17,874
Cash flow
€11,066▼
2023 · €13,010
Debt to equity
0.45▲
2023 · 0.34
ROE
1.5%▼
2023 · 21.5%
Interest coverage
15.89▲
2023 · 7.64
Debt ≤ 1 year
€23,791▲
2023 · €17,691
Income taxes
€5,995▲
2023 · €1,997
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
For this company itself Checked computes a higher bankruptcy probability: 4.2% 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 497,341 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% | 1.8% |
| 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 5,048 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €127,236 | €221,695 | €164,792 | €240,609 | €186,329 | ▼ 22.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €209,196 | €132,379 | €221,919 | €159,239 | ▼ 28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,525 | €3,033 | €3,033 | €1,908 | €10,294 | ▲ 439% |
| Other operating charges640/8 | - | - | €877 | €817 | €6,312 | ▲ 673% |
| Gross operating margin9900 | €4,249 | €12,499 | €32,413 | €18,690 | €27,090 | ▲ 44.9% |
| Operating profit (loss)9901 | €2,435 | €9,466 | €28,503 | €15,965 | €10,483 | ▼ 34.3% |
| Financial income75/76B | - | €12 | €0 | €200 | €2 | ▼ 99.0% |
| Recurring financial income75 | - | €12 | €0 | €200 | €2 | ▼ 99.0% |
| Financial charges65/66B | - | €386 | €4,538 | €3,067 | €3,719 | ▲ 21.3% |
| Recurring financial charges65 | - | €147 | €474 | €2,340 | €1,308 | ▼ 44.1% |
| Non-recurring financial charges66B | - | €240 | €4,064 | €727 | €2,411 | ▲ 232% |
| Profit (loss) for the period before taxes9903 | €3,014 | €9,091 | €23,965 | €13,098 | €6,766 | ▼ 48.3% |
| Income taxes67/77 | - | - | €647 | €1,997 | €5,995 | ▲ 200% |
| Profit (loss) for the period9904 | €3,014 | €9,091 | €23,318 | €11,101 | €772 | ▼ 93.1% |
| Profit (loss) for the period to be appropriated9905 | €3,014 | €9,091 | €23,318 | €11,101 | €772 | ▼ 93.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,478 | €44,411 | €45,843 | €69,215 | €76,086 | ▲ 9.9% |
| Fixed assets21/28 | €7,575 | €4,542 | €1,508 | €509 | €46,000 | ▲ 8,941% |
| Tangible fixed assets22/27 | €7,575 | €4,542 | €1,508 | €509 | €46,000 | ▲ 8,941% |
| Furniture and vehicles24 | - | €4,542 | €1,508 | €509 | €46,000 | ▲ 8,941% |
| Current assets29/58 | €40,903 | €39,869 | €44,335 | €68,706 | €30,086 | ▼ 56.2% |
| Amounts receivable within one year40/41 | €8,090 | €34,799 | €13,654 | €37,286 | €12,370 | ▼ 66.8% |
| Trade receivables40 | - | €6,433 | €8,707 | €25,001 | - | - |
| Other amounts receivable41 | - | €28,366 | €4,947 | €12,285 | €12,370 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €32,813 | €5,070 | €30,681 | €31,420 | €17,716 | ▼ 43.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,478 | €44,411 | €45,843 | €69,215 | €76,086 | ▲ 9.9% |
| Equity10/15 | €8,014 | €17,105 | €40,422 | €51,524 | €52,295 | ▲ 1.5% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Share premium1100/10 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €3,014 | €12,105 | €35,422 | €46,524 | €47,295 | ▲ 1.7% |
| Amounts payable17/49 | €40,464 | €27,306 | €5,421 | €17,691 | €23,791 | ▲ 34.5% |
| Amounts payable within one year42/48 | €40,464 | €27,306 | €5,421 | €17,691 | €23,791 | ▲ 34.5% |
| Trade debts44 | €40,214 | €25,724 | €3,042 | €17,486 | €20,329 | ▲ 16.3% |
| Suppliers440/4 | - | €25,724 | €3,042 | €17,486 | €20,329 | ▲ 16.3% |
| Taxes, remuneration and social security45 | - | €1,582 | €2,379 | €206 | €3,350 | ▲ 1,529% |
| Taxes450/3 | - | €1,582 | €2,379 | €206 | €3,350 | ▲ 1,529% |
| Other amounts payable47/48 | - | - | - | - | €112 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,014 | €9,091 | €23,318 | €11,101 | €772 | ▼ 93.1% |
| + Depreciation and write-downs630 | €1,525 | €3,033 | €3,033 | €1,908 | €10,294 | ▲ 439% |
| Operating cash flow (approximation) | €4,539 | €12,124 | €26,351 | €13,010 | €11,066 | ▼ 14.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€909 | -€55,785 | ▼ 6,037% |
| Change in cash | - | -€27,743 | €25,612 | €739 | -€13,704 | ▼ 1,955% |
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
2025
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 99 days late
2024
31-12
Financial
Weakest financial yearnet €772 ▼93.1%
Net result drops to €772, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Highest result since 2020net €23,318 ▲156%
Operating result €28,503, net result €23,318, both a record.
31-12
Financial
Liquidity times 6current ratio 8.18
Current ratio from 1.46 to 8.18; short-term debt falls from €27,306 to €5,421.
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 82 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2019
Ground area
56 m²
Building footprint
73 m²
Volume, LiDAR
703 m³
Parcel 21903B0203/00T002, Brussels · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BHTB
since 20192.294.473.236
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0203/00T002 | Brussels | 56 m² | 1 · 73 m² | 17.3 m · 4 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 1,366 companies in this sector we hold annual accounts for 635. 484 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded11-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
43211General electrical installation work
43221Plumbing work
43230Insulation installation
43310Plastering work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736313835
Also
9925:BE0736313835
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.