BT Company
ActiveThe computed 12-month bankruptcy probability of BT Company is 1.7% (moderate). The 2025 annual accounts show equity of €1k and a net result of €-54k. Equity is shrinking by ~172.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 7930 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency33▲+21
Growth32=
Stability94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 8.41 against 1.01 in 2024), but 100% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
0%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€54k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7930 sector peers (2025).
NBB · sector comparisonPosition among 7930 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
32 d late
2024
15 d early
2023
1 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1k▼ 98.1%
2024 · €55k
2023: €189k
2024: €55k
2023 → 2025
Total assets
€9.56M▲ 54.5%
2024 · €6.18M
2023: €7.33M
2024: €6.18M
2023 → 2025
Net result
€-54k▲ 60.2%
2024 · €-135k
2023: €286k
2024: €-135k
2023 → 2025
Working capital
€8.16M▲ 14,826%
2024 · €55k
2023: €189k
2024: €55k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€189k-€55k▼ 71.2%€1k▼ 98.1%
Operating result€371k-€175k▼ 52.9%€41k▼ 76.4%
Net result€286k-€-135k€-54k▲ 60.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.56M
Fixed assets
€300k
Current assets
€9.26M
Equity and liabilities €9.56M
Equity
€1k▼ 98.1%
Debt
€9.55M▲ 55.9%
The debt ratio rises from 99.1% to 100.0%: debt grows while equity shrinks.
Key figures and ratios
Solvency
0.0%▼
2024 · 0.9%
Current ratio
8.41▲
2024 · 1.01
Quick ratio
8.41▲
2024 · 1.01
ROA
-0.6%▲
2024 · -2.2%
Debt
€9.55M▲
2024 · €6.13M
Debt ≤ 1 year
€1.10M▼
2024 · €6.13M
Debt > 1 year
€8.32M
Income taxes
€44k▼
2024 · €53k
A ratio outside any meaningful range has been withheld (balance sheet total €9.56M, equity €1k).
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€6.18M€9.56M▲
Fixed assets21/28-€300k
Financial fixed assets28-€300k
Current assets29/58€6.18M€9.26M▲
Amounts receivable within one year40/41€4.99M€9.25M▲
Trade receivables40€4.88M€6k▼
Other amounts receivable41€115k€9.24M▲
Cash at bank and in hand54/58€1.19M€5k▼
Equity and liabilities
Total equity and liabilities10/49€6.18M€9.56M▲
Equity10/15€55k€1k▼
Contributions10/11€10k€10k=
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14-€-54k
Amounts payable17/49€6.13M€9.55M▲
Amounts payable after more than one year17-€8.32M
Financial debts170/4-€8.32M
Amounts payable within one year42/48€6.13M€1.10M▼
Trade debts44€468k€97k▼
Suppliers440/4€468k€97k▼
Taxes, remuneration and social security45€146k€84k▼
Taxes450/3€146k€84k▼
Other amounts payable47/48€5.52M€920k▼
Accrued charges and deferred income492/3-€134k
Income statement
Code20242025
Other operating charges640/8€387€1k▲
Gross operating margin9900€175k€42k▼
Operating profit (loss)9901€175k€41k▼
Financial income75/76B€20k€231k▲
Recurring financial income75€20k€231k▲
Financial charges65/66B€277k€282k▲
Recurring financial charges65€277k€282k▲
Profit (loss) for the period before taxes9903€-82k€-9k▲
Income taxes67/77€53k€44k▼
Profit (loss) for the period9904€-135k€-54k▲
Profit (loss) for the period to be appropriated9905€-135k€-54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€45k€-54k▼
Profit (loss) brought forward from the previous period14P€179k-
Transfer to equity691/2€45k-
To other reserves6921€45k-
The notes to these accounts (5 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
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 32 days late
2025
31-12
Financial
Liquidity times 8current ratio 8.41
Current ratio from 1.01 to 8.41; short-term debt falls from €6.13M to €1.10M.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-135k ▼147%
Net result drops to €-135k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Aalst · 1 establishment unit since 2023
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.
Bieseweide 29310 AalstGround area
1,640 m²
Building footprint
115 m²
Volume, LiDAR
675 m³
Parcel 41005C0231/00D000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BT Company
since 20232.345.628.561
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41005C0231/00D000 | Flanders | 1,640 m² | 1 · 115 m² | 8.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAalst2.345.628.561
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Of 173 companies in sector 46232 we hold annual accounts for 88. 11 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2023
Fiscal year end31-12
Activities, NACEBEL
46232Wholesale trade
46231Wholesale of live animals
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.