Equity
-€3,264
Debts exceed assets in financial year 2025.
BT-Connect
Lifetime
5 annual accounts with figures on one time axispeak €25,766 (2024)
-€35,023▼ €60,790
lowest -€46,844 (2025)
-€46,844▼ €63,347
peak €43,580 (2024)
-€3,264▼ €46,844
€62,380▼ 12.7%
Board1 name since 2020
1 directorBen Touhami Said
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from €25,766 to -€35,023Loss of €46,844Equity from €43,580 to -€3,264Cash from €32,278 to €3,567
Key points
from the 2025 annual accountsResult
-€46,844 -€46,844
From profit to loss in 2025, after a profit of €16,503 in 2024.
Debts
€62,380 106% of the balance sheet
Financial debts 35%Suppliers 26%Taxes and wages 9%Other 30%
Of this, €40,631 falls due within a year.
Liquidity
0.61 was 1.68 in 2024
Short-term debts fell from €42,449 to €40,631.
Filings
5 annual accounts 4 late
The 2021 accounts came latest: 31 days after the end of the period.
Position in the sector
-€46,844
Lower net result than 95% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Turnover not published (micro format)
Checked score
46
Fair
Financially stronger than 7% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 0.6%▼ -0.5 percentage points vs 01-2025lowest value
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025
09-2025: 0.9%▼ -0.2 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 3.8%▲ +3.0 percentage points vs 07-2026
09-2026: 3.8%● unchanged vs 08-2026
10-2026: 3.9%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 3.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €46,844 (financial year 2025)
1 of the last 3 accounts late
Founded in 2020
lowers risk
Size: total assets €59,116
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 7% of them on solvency, 12% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as BT-Connect has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BT-Connect itself: 3.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for BT-Connect. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.61 (1.68 in 2024), below 1. Short-term debt is 68.7% and cash 6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€3,264
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
28 days late
2023
31 days late
2022
10 days late
2021
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 20 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Ben Touhami Said 95 sharesdeed of 01-12-2020
- Ben Touhami Rachid 5 sharesdeed of 01-12-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0758837730
Registered office moved within Lokeren
New registered office: Nachtegaallaan 19 9160 Lokeren · Previous registered office: Naastveldstraat 17-9160 Lokeren · Gazette deed
Incorporation
Founding capital of €15,000, 100 shares · Founders: Ben Touhami Said and Ben Touhami Rachid · Appointment: Ben Touhami Said (director) · published on 01-12-2020 · Gazette deed
First establishment
Nachtegaallaan 19, Lokeren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BT-Connect Lokeren | €59,116 | -€35,023 | -5.5% | - |
| COOLS YANI Technics Sint-Niklaas | €61,081 | €26 | -4.0% | - |
| Shiro Hulshout | €62,653 | -€15,408 | 11.7% | - |
| IAM PROJECTS Holsbeek | €65,142 | -€2,612 | 98.7% | - |
| ENERGOOD Oudsbergen | €66,994 | -€21,467 | 68.0% | - |
| UR SOLUTION Hooglede | €61,509 | €115 | 79.0% | - |
| SOL EOL 2 Merbes-le-Château | €66,204 | -€8,499 | 30.8% | - |
These companies have the same main activity as BT-Connect: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €61,100 and €67,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 27-11-2020Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.310.132.4029160 Lokeren, since 27-11-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 13-05-2026
Annual accounts 2025
- €59,116▼ 48.6%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on BT-Connect
BT-Connect files the micro format. That format states no turnover. The gross margin fell from €4,091 in 2021 to -€35,023 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BT-Connect
- What is the company number of BT-Connect?
- The company number of BT-Connect is 0758.837.730. The VAT number is the same number with BE in front: BE 0758.837.730.
- Where is BT-Connect based?
- The registered office is at Nachtegaallaan 19, 9160 Lokeren.Company details
- What does BT-Connect do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of BT-Connect?
- BT-Connect is a private limited company (BV).
- When was BT-Connect founded?
- BT-Connect was founded on 27-11-2020.
- Is BT-Connect still active?
- Yes, BT-Connect is an active enterprise in the KBO register.
- What is the turnover of BT-Connect?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is BT-Connect profitable?
- In financial year 2025, BT-Connect made a loss of €46,844.
- Where can I find the annual accounts of BT-Connect?
- BT-Connect filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BT-Connect due?
- BT-Connect must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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