BT CONSULT
ActiveSummary
BT CONSULT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€29,477) and a net result of -€73,361. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-64
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 1.6 in 2024; short-term debt: 191.5% and cash: 34.7% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2025Solvency, return and age of the figures
Solvency
-91.5%
Return on assets
-227.7%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€29,477
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 31-03-2026, 122 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
122 d early
2024
77 d early
2023
95 d early
2022
31 d early
2021
47 d early
2020
123 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 83 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 15 May (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€120,245▼ 48.1%
2020 · €231,562
EBIT margin
5.1%▼ 8.8pp
2020 · 13.9%
Net result
-€73,361▼ 89.5%
2024 · -€38,706
Working capital
-€30,201
2024 · €41,491
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 70, Activities of head offices; management consultancy 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
Line20212022202320242025
Turnover€120,245▼ 48.1%
Operating result€6,133▼ 80.9%€33,042▲ 439%€51,342▲ 55.4%-€37,931-€73,282▼ 93.2%
Net result€1,880below the sector's middle half▼ 91.1%€22,165within the sector's middle half▲ 1,079%€35,739within the sector's middle half▲ 61.2%-€38,706below the sector's middle half-€73,361below the sector's middle half▼ 89.5%
EBIT margin5.1%▼ 8.8pp
Equity€26,286below the sector's middle half▲ 4.3%€47,650within the sector's middle half▲ 81.3%€82,590within the sector's middle half▲ 73.3%€43,884within the sector's middle half▼ 46.9%-€29,477below the sector's middle half
Total assets€36,275below the sector's middle half▲ 17.5%€52,014below the sector's middle half▲ 43.4%€133,846within the sector's middle half▲ 157%€112,995within the sector's middle half▼ 15.6%€32,215below the sector's middle half▼ 71.5%
Debt€9,990▲ 76.3%€4,364▼ 56.3%€51,257▲ 1,075%€69,111▲ 34.8%€61,692▼ 10.7%
Working capital€18,588within the sector's middle half▲ 3.4%€41,721within the sector's middle half▲ 124%€78,428within the sector's middle half▲ 88.0%€41,491within the sector's middle half▼ 47.1%-€30,201below the sector's middle half
Solvency72.5%within the sector's middle half▼ 9.2pp91.6%above the sector's middle half▲ 19.1pp61.7%within the sector's middle half▼ 29.9pp38.8%within the sector's middle half▼ 22.9pp-91.5%below the sector's middle half▼ 130.3pp
Current ratio2.86within the sector's middle half▼ 1.3110.56above the sector's middle half▲ 7.702.53within the sector's middle half▼ 8.031.60within the sector's middle half▼ 0.930.51below the sector's middle half▼ 1.09
Return on assets (ROA)5.2%within the sector's middle half▼ 63.2pp42.6%above the sector's middle half▲ 37.4pp26.7%within the sector's middle half▼ 15.9pp-34.3%below the sector's middle half▼ 61.0pp-227.7%below the sector's middle half▼ 193.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 stays negative: a loss of €73,282 in 2025 against €37,931 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,215
Fixed assets
€724 ▼ 69.7%
Current assets
€31,491 ▼ 71.5%
Key figures and ratios
EBITDA
-€71,613▼
2024 · -€36,163
Cash flow
-€71,692▼
2024 · -€36,937
Debt to equity
-2.09▼
2024 · 1.57
Interest coverage
-437.73▼
2024 · -58.23
Debt ≤ 1 year
€61,692▼
2024 · €69,111
Income taxes
-€65▼
2024 · €329
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,340 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 6,906 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €120,245 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €9,789 | - |
| Goods, raw materials, services and sundry goods60/61 | €116,486 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,674 | €1,768 | €1,768 | €1,768 | €1,668 | ▼ 5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €100,000 | - |
| Other operating charges640/8 | €1,206 | €666 | €866 | €902 | €705 | ▼ 21.8% |
| Gross operating margin9900 | €9,014 | €35,476 | €53,976 | -€35,261 | €29,092 | ▲ 183% |
| Operating profit (loss)9901 | €6,133 | €33,042 | €51,342 | -€37,931 | -€73,282 | ▼ 93.2% |
| Financial income75/76B | €154 | €258 | €1 | €175 | €20 | ▼ 88.8% |
| Recurring financial income75 | €154 | €258 | €1 | €3 | €20 | ▲ 614% |
| Non-recurring financial income76B | - | - | - | €173 | - | - |
| Financial charges65/66B | €1,778 | €1,339 | €941 | €621 | €164 | ▼ 73.7% |
| Recurring financial charges65 | €1,778 | €1,339 | €941 | €621 | €164 | ▼ 73.7% |
| Profit (loss) for the period before taxes9903 | €4,510 | €31,962 | €50,402 | -€38,377 | -€73,425 | ▼ 91.3% |
| Income taxes67/77 | €2,629 | €9,798 | €14,662 | €329 | -€65 | ▼ 120% |
| Profit (loss) for the period9904 | €1,880 | €22,165 | €35,739 | -€38,706 | -€73,361 | ▼ 89.5% |
| Profit (loss) for the period to be appropriated9905 | €1,880 | €22,165 | €35,739 | -€38,706 | -€73,361 | ▼ 89.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,275 | €52,014 | €133,846 | €112,995 | €32,215 | ▼ 71.5% |
| Fixed assets21/28 | €7,698 | €5,930 | €4,161 | €2,393 | €724 | ▼ 69.7% |
| Tangible fixed assets22/27 | €7,698 | €5,930 | €4,161 | €2,393 | €724 | ▼ 69.7% |
| Plant, machinery and equipment23 | €4,696 | €3,497 | €2,298 | €1,099 | - | - |
| Furniture and vehicles24 | €1,811 | €1,382 | €953 | €523 | €94 | ▼ 82.0% |
| Other tangible fixed assets26 | €1,191 | €1,051 | €911 | €770 | €630 | ▼ 18.2% |
| Current assets29/58 | €28,577 | €46,084 | €129,685 | €110,602 | €31,491 | ▼ 71.5% |
| Amounts receivable within one year40/41 | €14,075 | €14,213 | €107,325 | €104,671 | €20,297 | ▼ 80.6% |
| Trade receivables40 | - | €8,547 | €6,942 | €2,376 | €18,002 | ▲ 658% |
| Other amounts receivable41 | €14,075 | €5,666 | €100,382 | €102,295 | €2,295 | ▼ 97.8% |
| Cash at bank and in hand54/58 | €14,502 | €31,871 | €22,361 | €5,931 | €11,194 | ▲ 88.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,275 | €52,014 | €133,846 | €112,995 | €32,215 | ▼ 71.5% |
| Equity10/15 | €26,286 | €47,650 | €82,590 | €43,884 | -€29,477 | ▼ 167% |
| Contributions10/11 | €200 | €200 | €200 | €200 | €200 | = |
| Reserves13 | €22,200 | €44,364 | €79,304 | €79,304 | €79,304 | = |
| Distributable reserves133 | €22,200 | €44,364 | €79,304 | €79,304 | €79,304 | = |
| Profit (loss) carried forward14 | €3,886 | €3,086 | €3,086 | -€35,620 | -€108,980 | ▼ 206% |
| Amounts payable17/49 | €9,990 | €4,364 | €51,257 | €69,111 | €61,692 | ▼ 10.7% |
| Amounts payable within one year42/48 | €9,990 | €4,364 | €51,257 | €69,111 | €61,692 | ▼ 10.7% |
| Trade debts44 | €9,025 | €3,564 | €3,290 | €613 | €4,907 | ▲ 701% |
| Suppliers440/4 | €9,025 | €3,564 | €3,290 | €613 | €4,907 | ▲ 701% |
| Taxes, remuneration and social security45 | €164 | - | €11,095 | €16,796 | €1,180 | ▼ 93.0% |
| Taxes450/3 | €42 | - | €11,095 | €5,857 | €1,180 | ▼ 79.8% |
| Remuneration and social security454/9 | €122 | - | - | €10,939 | - | - |
| Other amounts payable47/48 | €800 | €800 | €36,872 | €51,702 | €55,604 | ▲ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,880 | €22,165 | €35,739 | -€38,706 | -€73,361 | ▼ 89.5% |
| + Depreciation and write-downs630 | €1,674 | €1,768 | €1,768 | €1,768 | €1,668 | ▼ 5.7% |
| Operating cash flow (approximation) | €3,555 | €23,933 | €37,508 | -€36,937 | -€71,692 | ▼ 94.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €17,369 | -€9,511 | -€16,430 | €5,264 | ▲ 132% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€73,361
Net result drops to -€73,361, the lowest in the series.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €35,739 ▲61.2%
Operating result €51,342, net result €35,739, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 10.56
Current ratio from 2.86 to 10.56; short-term debt falls from €9,990 to €4,364.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Antwerpen · 2 establishment units since 2012
Ground area
4,368 m²
Building footprint
2,241 m²
Volume, LiDAR
10,643 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
BT Consult
since 20122.211.299.892
Vlaanderen Bespaart
since 20242.358.781.563
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0151/00Y000 | Flanders | 4,084 m² | 1 · 2,101 m² | 8.1 m · 2 fl. |
| 11382C0255/00E003 | Flanders | 284 m² | 1 · 140 m² | 11.5 m · 3 fl. |
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.
Similar companies · same sector, comparable size
CABEZON CONSULTING
BE 0835.713.495
Bree · Eq €43,890
TAX & MANAGEMENT EDITIONS
BE 0466.248.514
Schaarbeek · Eq €43,874
Atoz Logistics Group
BE 0800.090.246
Edegem · Eq €43,896
AxD Consulting
BE 0742.575.184
Grez-Doiceau · Eq €43,898
ARLUCO
BE 0743.525.685
La Bruyère · Eq €43,867
Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 37,386 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
Founded01-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail
tomhaemels@gmail.comAntwerpen
Phone
0476/87.64.39Antwerpen
E-mail
info@vlaanderenbespaart.beAntwerpen
Phone
0032476876439Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847758224
Also
9925:BE0847758224
Registered
30-01-2025
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.